HomeMy WebLinkAbout0356 DIRECT HOME IMPROVEMENT
MORTGAGE A 3~ ~
?VtTH FUTURE ADVANCE 3~~I
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THIS MORTGAGE, matte this 12 day of December ~ A o 19 79 ,between
_St10'1 _ Marjorie J, Bunce and James Edward Stancil _ IMortgagorl and
Sun Bank of St. Lucie County _ IMortgageel:
(Nameot Sun Bartkl
WITNESSETH, that Mortgagor, for aril m consideration of the premises and in order to secure the payment of the principal and
interest on the note (as hereinafter defined), Mortgagor hereby grants, assiyns transfers and mortgages to Mortgagee, its successors and
assigns forever, the following described real property in St. Lucie County, Florda, to wit:
~t~ 14 and 11, Block 4, Wyldwead Park, accords:; tc -
the plat thereof as recorded in Plat Book S, at Page -
54 of the public records of St. Lucie County, Florida.
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. ' ~ ~ RECEIVED: .Z~q - IN MYNfIR OF TAXR `
' ~ O DUE 111 CIASS 'C' INTANGIBLE PFRSa1fAl PROAERTY,
t t ? j PUkSUANT TO INAPT:? 71- 4, r!r,TS JF 197E
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~ CL_RK CI::~U.T .:CURT, ST, lU..IE CO.. FLA. ~rl~`
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f LED eti' ~ - ; :UEO
- THIS IS A SECOND MORTGAGE 5~. LUC'E . ` ! `FLA.
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Dec 13 3 so PM'1.
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(here.nafter referred to as the Mortgaged Property); and the Mortgagor does hereby sully warrant the trite to the Mortgaged Property
' ~ ! and will defend the same against the law(ui claims of all persons whomsoever.
PROVIDED ALWAYS, that rt Marjorie J. Bunce and James Edward Stancil ,the Maker(s) of that
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certain promissory rate dated the date hereof (the Note), their heirs, legal representatives or assrgns shall pay to Mortgagee
3,792,83
the principal sum of S as evidenced by the Note, with rnterest and upon the terms as provided therein, the final
December 11 84
maturity date of the Note and of this Mortgage being , 19 ,which Note 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 in
writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, 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 rs not made
good in accordance with the terms of the Note, that the entire principal vim and accrued, earned interest shall become due and payable
without ratite at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov-
enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be word, 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-
;
merits on said property; to carry insurance against fire on the building on sad land for not less than $ n~a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
building on sad land m proper repair.
This 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 1201 years from the date hereof, to the same extent as
rJ if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
~ - d time the maximum prmapal amount of $ n~a plus interest, and any disbursements made (or the payment
Cj of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
- ~ obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or
.,.f any other notes secured by this Mortgage. This Mortgage is given for the specdic purpose of securing any and all indebtedness by the
U Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth rn this
$ _ paragraph? m whatever manner this irxfebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
- Hants and agreements contained in this Mortgage shalt be applicable to all further advances made by Mortgagee to Maker under this
y future advance clause.
_ u-1 Should any of the above covenants be broken then the Note and ail moneys secured hereby shall, without demand, if the
~ Mortgagee; so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
_ ~ reawnable attorneys fees, including costs, expenses and reasonable attorneys' fees on appeal, ii collected by legal proceedings or
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through an attorney at law, shall be pad by the Maker, and the same are hereby secured.
~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date (uzt above set forth.
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$ignad, sealed and detrvped
m ow presence:
' ~ ~K
ISEAL)
a
or g r?
r _ ISEALI
/ Ifi or gagor)
f STATE OF Florida 1
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COUNTY OF St. Lucie 1
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~ I HEREBY CERTIFY, that on tt)~day, before me, an ott,cer duly authorized in the Slate aforesad and in the County aforesaid
Marjorie L, Bunce and Jame ~t^TiSISS~n ~t',~~~~
to take acknowledgments, perjbnally attpeertlo. - ~o rson described
in and who executed the foregp' rhttr rn~lt"An8 they acknowledged before me that they executed the same;
',tom' 12 December
WITNESS my hand an~'gificfaLet'i~l N? tfieiCounty and State tact afore d this y of
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.r, Notary Public
~ ~ - ~ My Commission Expires _Y