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Home My WebLink About0355 • r,,.. DIRECT HOME IMPROVEMENT MORTGAGE ~~a 1YITH FUTURE ADVANCE ~ ~ THIS MORTGAGE, made this _]t'1~+ day of December A.O., 19 ,between' Gordon L. _ R•e~d and Shirley-? . Reed., his wife _ IMortgagorl and SUI1 Hank~f Sr T.ueie County IMortgageel: (Name of Sun Bankl WITNESSETH, that Mortgagor, for and in consideration of the premises gird in order to secure the payment of the prrncrpal and interest on the note las hereinafter defrnedl, Mortgagor hereby grants, assigns transfers and mortgages to hortgagee, its successors and assrgns forever, the following described real property in St . Lucie County, Florida, to wit: Lots 10, 11 and the North 35 feet of Lot 12, Block 4, ST. JAMS PARK, according to the Plat thereof as recordeu - _ _ in Plat Book 5 , Page 58 , Public Records of St . Lucie - In ~ County, Florida. N _ i ' ~ f ~ i LEO AN~• r:; ;oEO ~ :~.LUCIE G-l. - flA. t~ _ CLER?.: RT aECEnEO t!~r$~ _ ~ PAYIAENT OF TAXES RECQ~~^ /ri 'r - " DUE ON CLASS 'C' INTAN6:BLE PfRSONAI PZOFErtT>r ~ 50 PURSUANT TO ~ N~PT~_2 71• 4, A.TS Of 1911. Ifs _ _ i i fs! t:K p U T _ ~UrIT, ST. r.U,IE t:0. FUI~M ` 49421 u - :1Ii _ _ (herernafter referred to as the Mortgaged Propertyl; arxl the Mortgagor does hereby fully warrant the title to the Mortgaged Property , and wul defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that it Gordon L. Reed & Shirley J . Reed ,the Makerlsl of that jlnsert Namelsll Certain promissory note dated the doatce hereof (the Notel, hems, legal representatives or assrgns shall pay to Mortgagee the pnnapal sum of S ~ ~?7 ~ __8.5 - as evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note aril of this Mortgage being 12-y- _ , 19 8V ,which Note provides that all installments of prrncrpal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a reasonabM attorney's tee, upon default m the payment of the Note, and that if default be made rn the payment of any installment thereunder and that if wch default is not made good en accordance with the terms of the Note, that the entire prrncrpal win and accrued, earned interest shall become due and payable without notice at the option of the holder thereof; and shat) perform and comply with each and every stipulation, agreement and cov- I chant of the Note and of ibis Mortgage, then this Mortgage aril the estate hereby created shall be void, otherwise the same shall remain rn full force. Maker covenants to pay the interest and prancrpal promptly when due. Mortgagor covenants to pay the taxes and assess- menu on card property; to carry insurance against hie on the twildmg on said land for not lets than S n! a - ,approved by the Mortgagee, with standard mortgage loss clausr_ payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on card land in proper repair. t Thrs Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or to be made at the option of Mortgagee, or otherwise, as are made within twenty 120) years from the date hereof, to the same extent as ( rf wch futwe advances were made on the date of the execution of this Mortgage, but such seeurexl indebtedness shall not exceed at any j time the maximum pnnupal amount of $ plus interest, and any disbursements made for the payment c j _ - of taxes, levies, o+ insurance, on the Mortgaged Property, wnh interest on wch disbursements. Any such future advances, whether obligatory or to Ge made at the option of the Mortgagee, or otherwise, may be made either pnor to or after the due date of the Note or any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the F _ ''a hlaker to Mortgagee (but m no event shalt the secured indebtedness exceed at any lime the maximum principal amount set forth m this !i :J paragraph) rn whatever manner Thrs irxlebtedness may be evidenced or represented, until this Mortgage rs satisfied of record- Ail cove- O Hants arxf agreements contained in this A4ortgage shalt be applicable to all further advances made by Mortgagee to Maker under this ' ~ future advance clause. Should any of then above covenants t>tr broken then the Note arxl all moneys secured henrby shall, without demarxl, d the Ator tyagee, so erect, at once become due aril payable and this mortgage may be foreclosed, and all costs and expenses of collection and reasonable attorneys' fees, including costs, expenses arxf reasonable attorneys' tees on appeal, rf collected by legal procredinys or _ ~ through an attorney at law, shall be paid by the hlaker, arxl the same are hereby secured. --1 IN WITNESS WHEREOF- the F.!!ortgagor has executed this Mortgage as of the dare lust above set forth. - 'J1 S~yned, sv_aied arxf delivered Gordon L . Reed in resenc ~ 5~~' ~ ~ / ISEALI Ihtoit oil L -v~ - -_ILv - - - ISEALI a / Ih1 tc gOr 1 _ a 4 , STATE OF Florida 1 Shirley. e r COUNTY OF St. Lucie ' HEREBY CERTIFY, that on this day, before me, an off~el yid Ip~izYd in'Ihe State aforeKaxf and rn the County aforesad ~ to take acknowledgments, pe~sOiially appeared GOrdOn~` .1-`' ~ jo me kno~.vn to be the person described ~ .n arxl who executed the fprv n nstrument arxf ' .yp~ g , - vGi~~l be>`ore me that _ th_ ex_ executed the same. • WITNESS my hand aid off~c:al seal the Cnud{_~jij;la3} o ~rd thn ~ day o1~E - , ' , jf . y `y'a`,'.jr ~~iMiiSt ,f~ir~ A1UTl?R? rtt~llC~STAiE vOf F1ARNal? ATQLiIK~