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Home My WebLink About0354 --/I DIRECT HOME IMPROVEMENT MORTGAGE A $$'~3003~f'3 svf tH FUTURE ADVANCE 4~`~~Q ~ ~ THIS MORTGAGE, made thrs 11th day of December A.D-, 191_9--- ,between 'Milton L. Phillips and Hilda D. Phillips, his wife (Mortgagor) and Sun Bank of St . Lucie County IMp,tgageel: lName of Sun Bankl WITNESSETH, that Mortgagor, for and rn consrderatron of the premises and rn order to secure the Vayment of the prrncrpal and rnterest on the note las hereinafter defrnedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property rn S.t' T.sst~~ p County, Fbrxfa, to wit: Lots 13 and 14 of Block 2, MARAVILLA COURT, a Subdivision according Lo the Pia: ei~ereot i~ac~ircied ~.Y>t ?Lat BUOk 5. at page S, at page 39, of-the Public Records of St. Lucie County, Florida. - - - FILED Ah; 0 ST. WC=E ~ .,FLA. _ a? p~•.-. •S CLEFS ~ :il'4T f` RECD-' t~ 1 RFCEIYEO s O. of I ht PAYMDR of TA1cfs I ~ , - f3Lc ON CIASS C 1NTAIi6~BlE PERSONAL PRO?ERTY, ~C 3 3 so P. , 9 • ~ PURSUANT TO CHAPTER 71- ' i, ACTS Of 1471. i1 -t•~~ ~ ~ RG6ER Pi,IT~AS ~ `~~741VV CL:RK gaCUtT COURT. ST. LU%IE CO. F1A. J .M ; ~ ` 1 ~ (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the tale to the Mortgaged Property and will defend the same against the lawful claims of all persons whomsoever-• PROVIDED ALWAYS, that rf _ She Maker(s) of that ~ (Insert Namelsll certain promissory note dated the datechereo~ (the Hotel, -zilei~ heirs, legal representatives or assigns shall pay to Mortgagee ( the principal sum of S ~ ~ 10? . 55 as evidenced by the Note, with rnterest and upon the terQm~s as provided therein, the final maturity date of the Note and of this Mortgage being 12 ~ 10 , 19 , which Nore provides that ~ all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate rn writing, and that each maker and endorser agree to pay all Costs of collection, including a reasonable attorney's tee, upon default in the payment of the Note, and that if default be made in the payment of any installment thereunder and that it wch default is not made good m accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable wrthout notice at the option of the holder thereof; and shall perform and comply with each and every ztipulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall t,e void, otherwise the same shall remain in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on card property; to carry insurance against fire on the building on said land for not less than S T} /g ,approved I' by the Mortgagee, with standard mortgage toss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the i buriding on said land m proper repair. This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are oblgatory or to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 Years from the date hereof, to the same extent as ~ rf wch suture advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any _ trine the maxrmum principal art,ount of 5 n.~.$ plus rnterest, and any disbursements made for the payment I _ of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether oblgatory or to be made at the opton of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or i S-: any other notes secwed by this Mortgage. This Mortgage is green for the specdic purpose of securing any and all indebtedness by the ~ ? ~ Maker to Mortgagee (but rn no event shall the secured indebtedness exceed at any time the maxrmum pnnc,pal amount set forth in this ~ paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage rs Satisfied of record- All ccve- Hants and agreements contained rn this Mortgage shall be applicable to all Further advances made by Mortgagee to Maker under this ::i future advance clause. i Should any of the above covenants be broken then the Note and all moneys secured hereby shall, wrthout demand, d the Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and _ 7-s reasonable attorneys" fees, including costs, expenses and reasonable attorneys' tees on appeal, rf collected by legal proceedings or j = ~ through an attorney at law, shall be yard by the Maker, and the same are hereby secured. t ---i ! - -7 ~ IN WITNESS WHEREOF, the Mortgagor has executwJ this Mortgage as of tho date last above set forth- , i - Signed, sealed and detrvered Milton L, Philli s rn ou presence: r , ~ yy / (SEAL) { ~ ~ l (Mortgagor i . I f ~ - ISEALI (Mortgagor) ~ STATE OF Florida ~ ? Hilda D. Phillips. ? . _ COUNTY OFSt . Lucie ? x ~ I HEREBY CERTIFY, that on this day, before me, an ofhc~ .Oluf{tpl~tssd'tR the State aforesaid and in the County aloresard v_ , t- to take acknowledgments, personalty appeared ~ - to (p! known to be the person descrrbetf a g rn and who executed the foregoing instrument and ~ r . ~ r i ,~fjefore me that ~p~yexecu[ed the same. WITNESS my hand and offrual seal m the bounty M~d•~>~aaQ. ~ Kos. ' day of December , ' i , ~ - 1 ~ . 3i Mt v!I><LIC STATE Of iUOfitDA AT M~~ 3 nr? I My~r,,ommruroA •irt~(~;•- ~ - Mt Ct.,M/MtSS1UN E7f11RES O6C. 31 19Y2