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Home My WebLink About1583 DIRECT HOME IMPROVEMENT MORTGAGE 3~~7~ ~ tiv17?H FUTURE ADVANCE ji~O~(]~ TNIS MORTGAGE, matte th,s _ l4 day of _ _ December _ A O . 19 _79- , between John H, -Davis-and Frankie Lee Davis, his wife' _ IMorlyayorl aril Sun Bank of St_. _Lucie County _ - _ - _ _ ,htortgsyee?. i Name o1 Sun Bank j WITNESSETN, that Mo•tg7.}or, for ar?d :n cons:dera*.,on of the p:em=ses and ,n O:tfe: ;o v.u~e the pay;ne:N of the p+rnirpal a+Kl interest on the note las hereinafter deirnedl, Mortyaym hereby gran;;, ass,yns Uanstrrs and mortyages to Mnrtyager, ds suc.essOrs and St. Lucie ass,gns forever, the following desu,bed rear property m _ County, Flor,da, to wrt: Commencing at the South east corner of the South west Quarter (SWti) of the North West Quarter (NWta) of the . North East Quarter (NEB[) of Section 8, Township 35, South, Range 40 East, and run thence North (N) 150' (feet) to the point of beginning; from said point of beginning continue North (N) 50' (feet); thence run West (W) 100' (feet); thence run South (s) 50' (feet) thence run East (E) 100' (feet) to the point of beginning, as recorded in the public records of the above county • and State. ~ 1 ~ RII?eehrea ~ ~[~_In Payment orTaxes FIlEO AN; ~ ^ .,~cp Oue On Class "C" Inta IbbPersonalp~~,,~r~A. =T. LUCi~ ' c~~• nD~ `rte^-•7r Rr,• - pu•suent To Chapter 71. 134. Acts Or tQ?t, CtEt• r r•Rt ROGER POiTMS 9~~ RECc; - . ` ~t~, arc~n ~1., DEC 20 12 47 PM 79 THIS IS A SECOND MORTGAGE 4'7429 (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the tale to the Mortgaged Property and writ defend the same aya,nst the lawful clams of ail persons whomsoever. - ~ PROVIDED ALWAYS, that rf John H. & Frankie Lee Davis the Makerls) of that i r • [Insert Namelsll _ thier v'v••••~•~'i .,u.E hc.cOf rc`c Yui2i, ueaa, ;eyal repreaentat.vta Ur ass,yns shalt pay 1o f>.lortgagee I ' the prrnc,pat sum of $ ^ 7 , 165 -fit as evidenced by the Note, with interest and upon the terms as provided therein, the final " ~ maturity date of the Note and of this Mortgage being December 13 19 81 ,which Note prov,des that all installments of pnncrpal 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 fee, upon default ,n the payment of the Note, and that rf default be made rn the payment of any rnstatlment thereunder and that rf wch default rS not made good rn accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall becomedue anti payable without notice at the option of the holder thereof; and shalt perform artd =omply ~wrth each and every stipulation, agreement aM cov-. chant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherw,se the same shall remain rn full force. Maker covenants to pay the interest and prrncrpat promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry ,nsurance against tree on the building on card land for not less than $ _ n~a ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgage, the poi,cy to be held by the Mortgagee and to keep the II bu,W,ng on card land rn proper reparr- ~ Th,s Mortgage shall secure not only existing ,ndebtedness, but also wch future advances, whether wch advances are obligatory or to be made at the option of Mortgagee, or otherw,se, as are made within twenty 1201 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 such secured indebtedness shall not exceed at any _ :.J , t,me the max,mum pnnapal amount of S - n~a plus interest, aril any d,sbursements made for the payment _ ~ ' o! taxes, tev,es, or ,nsurance, on the Mortgaged Property, wrth interest on wch disbursements. Any such future advances, whether obl,gatory or to be made at the optron of the Mortgagee, or otherwise, may be made either pnpr to or after the due date of the Note or _ ? , any other notes secured by this Mortgage. Ths Mortgage rs given for the spec,frc pwpose of securing any and all indebtedness by the _ .a ' Maker to Mortgagee Ibut rn no event shall the secured indebtedness exceed at any tune the maz,mum pnnupal amount set forth rn this paragraph) rn whatever manner the indebtedness may be ev,dencerl or represented, untrt the Mortgage rs satrsfrEd of record. Ail cove- - ' Hants and agreements contained m the Mortgage shell be applicable to all further advances made b Mort ~ y gayee to Maker under this future advance clause. ' - T D Should any of the above covenants be broken then the Note and all moneys secured hereby shall, wuhout demand, rf the ~ •x ' h'ortyagee, so elect, at once become due and payable aril this mortgage may be foreclosed, and all costs anrf expenses of collection arxf - ry ~ reasonable attorneys' fees, mdudmg costs, expenses aril reasonable attorneys' fees on appeal, A collected by begat procedrngs or ~ ' through an attorney at law, shall be paid by the Maker, aril the same are hereby secured. ~ IN N/ITNESS WHEREOF, the Mortgagor has exrcutr_cf this Mortgage as of the date first above set forth ' S,yned, sealed and deirvererf n r dresence ~ _3~! - - - - ~ ~•_~~CL-5 ~ _ ISEAL? f ~ ! {h7ortaagori , ~ - au , - - - - - --~=-Q - - - ISEAL? Ihlortyagorl STATE OF Florida _ I St. Lucie COUNTY OF I I~ 1 HEREBY CERTIFY, that on ;his dav. beforo ma, an officer duly authorvcd r7 the Slate atoreaa,d and m the County aforv_sa,d i to take acknowledgments. pe•songtly Bpprared _John H. &Frankie Lee DaVlSTO me known to be the person described m and who p¦ecuted the foregoing Instrument and they - acknowledged Ifefore me chat they executed the same. 1YITNES$ my hand and off,ual seat m the County and State I st oresa,d the _ 14 day of December _ ~e~ - Nota•y Pubr,c t.1y Comm,ssron Exp~~~r rU1tIC STATE Of t10R10111 AT N~