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Home My WebLink About2356 , DIRECT HOME IMPROVEMENT MORTGAGE "$000 y~ WITH FUTURE ADVANCE 4'7'()'714. THIS MORTGAGE, made leis 18th clay of _~Sc~d11L1S1-- A D , 1~~-~ ,between Ma1Vin Kortz and _Marguerite F. Kortz, His wife IMortyagorl and Un O t UCl@ Z.`OUnty - (Mort gageel; (Name of Sun Bank ( _ WITNESSETH, that Mortgagor, for arxi m consrderatwn of the premises and rn order to secure the payment of the pnnapal arxf ~r interest on the note las hrrernatter deLnedi, Mort or hereb rants, asst ns transte+s and mort _ _ - 9a9 V 9 9 gages to Mortgagee, its successors arxf ~ assigns forever. the Ioilowinq descriGed real property in St. LUCle County, Ftorxla, to wet. I { ` ' Lot 12, Block 247 of PORT ST. LiICIE SECTION _ 6, a Subdivision according to the Plat thereof, recorded in Plat Book 12, Page 36 A of the Public Records of St. Lucie County, Florida. I`:.: . TffIS IS A SEQOND D~ORTC,A(.F. ! 1979 DEC 27 AK I1~ 16 FILED ANO FECURQEO ST.lI1C COONTTY.FLA. ROGE~ POIYRAS NtC^,i:C s ~ • 70 !:t DA`^''~~ of T.1x~ CLERK CIRCUIt LOUR C~'_ . 6 _i i.:.': L F'3'E~T?~ RECCROYER'FIED_-- fL-~.;;:.:!, iL ~t-.: r,ls tin. CtfpK G~CU~i C40bTr Si, lU:.IE COy >zA.JrN1 ' (herernalter referred to as the Mortgaged Property); aril the Mortgagor does hereby fully warrant the t~tie to the Mortgaged Property and wul delend the same against the lawful claims of all persons whomsoever- ] PROVIDED ALWAYS, that ii Ma1Vin Kortz and D1arQllerite F. Kortz, h1S Wlfe the Makerlsl of that f (insert Nametsfi I their certain promissory note dated the date hereof (the Notel, heirs, legal representatives or assigns shall pay to Mortgagee the prinupat sum of S 7 .348. 8~ 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 18 , Jg _$2__ , 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 m 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 if 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 a[ the opt,on of the holder thereof; and shall perform and comply wrth each and every st~pulatwn, agreement arxf cov- anent of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shalt remain ~ in full torte. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry inwrance against fire on the building on said land for not less than S ~}/R ,approved by +he Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the i building on card land m proper repair. This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are ohigatory 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 rl wch future advances were made on the date of the execution o) this Mortgage, but such secured indebtedness shall not exceed at any ~ time the maximum pnnupat arr,ount of S ~a plus interest, and any disbursements made for the payment of taxes, levies, or mwrance, on the Mortgaged Property, wrth 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 { i any other notes Secured by this Mortgage. This Mortgage rs given for the specific purpose of securing any and all indebtedness by the Maker to Mortgagee (tw! in no event shall the secured indebtedness exceed at any time the maximum principal amount set torch in this ~ - paragraph) rn whatever manner this indebtedness may be evidenced or represented, until this Mortgage rs satisfied of record. All cove- ( _ ~ Hants and agreements contained m this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this • future advance clan SQ. i t-. ` ~ ~ G ; Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without dPmarxl, it the ~ ' Mort e, so elect, at once become due and ( ~ ~ ~ ~ 9~ payable and this mortgage may be foreclosed, and all costs and expenses of collection and _ reasonable attorneys tees, including costs, expenses and reasonable attorneys' fees on appeal, rf collected by legal proceedings or j ~ i through an attorney at law, shall be paid by the Maker, and the same are hereby secured. I , _ f z ^ _ ~ ~ = IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first atwve set forth. =v - ~ sealed and delivered in our esence ~s~~ - _ ISEALI btalVln KortzlMortgaq ,yam ~__LWZ_ _ ISEALI Mar ite F, ~>~or? STA OF Florida 1 COUNTY OF S~ I.1ICXg 1 . 1 HERE ~~f;t4ERT1FXr~ftat on this day, before me, an officer duly authorrred in the Srate aforesad and m the County aforesaid to take acf~ lvrlgdgrr~ts, per~{nally appeared 1?lalvin Kortz ~ Marguerite. ~ rfllrl~rt~ivn to be the person descnhed rn and who, + the tare~rs insrrument and the acknowled th_ e~, $ X gad before me that - executed the same. WlTfillF~ hand dOda i~.a) y[al in the Cnunty aruf $ta las! afo card this 18th day of December . 'f:.. i ~ ~ s. ~ i-~ i : Notary bbc ^R.~,k • ~dAiEir~