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DIRECT NOME IMPROVEMENT MORTG~IGE 4~~~ ~ ~ ~ ~
sVITN FUTURE ADVANCE ~v
THIS MORTGAGE, made thrs -13tH day of _~cember q p t9 79 ,between
Tompa~M. Yorje~ Charles E ~ Williams . as Trustees~ad t~F, { t a„d I
fi/
Sun ~t•Ta ernac e, ssem y o 0 0 ort ~'°ilce
gages!;
' I Name of Sun Bank 1
WITNE$SETH, roar Mortgagor, for and rn consrderatron of the premises and rn order to secure the payment of the prrncrpal and
rnterest on the note las hereinafter detrnecl?, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
assigns forever, the fotlow+ng described real property rn St • Lucie County, Fbrda, to wit:
Lots 11, 12, 13, 14 and 15, Block 6, FAIRLAWN SUBDIVISION,
as per plat thereof in Plat Book 6, at page of the public
records of St. Lucie County, Florida,
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.~F ~-r ' RE~EiVED s 1b~ ~ PA1f11E1fT OF TARE= WCit ~'.i ~ FIA.
i i DUE OY C:~-S 'C' iNil!aG'BlE PrRSJtbtl PROPERTY, AUG~
•.o, PURSJANi TO .HaPT: 71-+~;. ACiS Of 1971. CLEk?.. .'~URT
~ ROGER POITRAS 11ECON'' ~ "~:'r L' i
' ~ ~ CLERK gACYR COUAT, ST. WGE CO., p~.~ ~ u
Doc 13 3 so P '1`~
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• (hereinafter reterred to as the Mortgaged Property!; and the Mortgagor does hereby fully warrant the t+tle to the Mortgaged Property
~ ~ ~ and will defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that it Calvary Tabernacle Assembly of God ,the Makerlsl of that
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of Fort Pierce
certain promissory note Boated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagee
the principal sum of S pT111,..,5.7 as evidenced by the Note, with interest sod upon the terms as provided therein, the final
maturity date of the Note and of this Mortgage being 12-12 , 19 ~2 ,which Note provdes 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 rn the
payment of the Note, and that if default be made in the payment of any installment thereunder and that rf wch default is not made
good in accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable
without notice 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 Mongage and the estate hereby created shall be word, otherwise the same shall remain -
rn full torte- Maker covenants to pay the interest and principal promptly when due- Mortgagor covenants to pay the taxes and assess-
I merits on said property; to carry insurance against fire on the buckling on said land for not less than S n/a ,approved
IE by the Mortgagee, with standard mortgage toss clause payable to Mortgagee, the pol+cy to be held by the Mortgagee and to keep the
building on said land in proper repair-
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f Thrz Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or
Ii 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 future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
trine the maximum principal amount of S n/a plus rnterest, and any disbursements made for the payment
of taxes, lev+es, or insurance, on the Mortgaged Property, with rnterest on wch disbursements. Any wch luture advarxes, whether
oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made ether prior to or after the due date of the Note or
any other notes secured by this Mortgage. This Mortgage K given for the specifK purpose of securing any aril all indebtedness by the
~ Maker to Mortgagee (but in rto event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this
1 ~ ~ paragraph) m whatever manner this rrdebtedness may be evdenced or represented, until th+s Mortgage is satisfied of record. All cove-
4 I Hants and agreements conta+ned in th+s Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
~ r-1 future advance clause.
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? Should any of the above covenants he broken then the Note and all moneys secured hereby shall, w+ihout demarxl, if the
g ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
' reasonable attorneys' tees, +nclud+ng costs, expenses and reasonable attorneys' fees on appeal, rt collected by legal proceedings or
~ through an attorney at law, shall be pad by the Maker, aritf the same are hereby secured.
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IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
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Sgned, sealed and delivered Firs Assembly of God
m Our presence/ 3 ~
(Mort
- ` _ ISEAU
(Mortgagor 1
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STATE OF Florida I r,; -
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COUNTY OFSt , Lucie ?
1 HEREBY CERTIFY, that on this day, before me, an office+'~ /-~ORhor~i~~j
j ftre.$tate aforesaid and m the County aforesaid
to take acknowledgments, personally appeared ~ to me known to be the person described
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m and who executed the foregoing instrument and ''t _ ttEfete me that _1~liC~L. executed the same-
- 'r h - December
WITN my hand and oti+c~al seal m the County an ~ - eSO+d~Atif day Of
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