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rJ!RECT NOME IMPROVEMENT
MORTGAGE ~~~ts ~ ~ 3~
WITH FUTURE ADVANCE ~ ~
21st. December 79
THIS MORjGA E, matte this y f A D . 19 _ ,between
Marcie Downward _ancT Aelen ~oWnw~>`fi- _
IMor tyayor 1 ant
~un_~ank of Lucie. Count (Mortgageel,
(Name of Sun Bank I
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• - ~ WITNESSETH, that Mortyagor, for arxt rn consrderauon of the premises ancf m orUrr to wcure the payment of the pnncrpal acid
~ ~ ,nterest on the no!e las herernalter delinetfl, hlortyagor hereby grants, assrgns transfers and mortgayrs to Alorty.~gee, rtssucCrKSOrsand
- y. ~ ? assrgns lorever, the louowrnq described real prope+ty rn _ St. L11Cle _ _ _ County, Florida, to wit:
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• ~ Lot 11, Block 1, GREEN ACRES SUBDIVISION,
- - ~ .
,r as per plat thereof on file in Plat Book 16, at Page
,,,-r 10 of the Public Records of St. Lucie County, Florida,
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~ along with one 1971 Marion 12X60 Mobile Home Ser. #4406583
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and all improvements on said property.
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" " ° (This is a second mortgage.) :9T9 DEC 27 ~ ~ 6
frlEp AIfQ FECUAUt tl
ST.IIfC(E C011NTY. it A.
Rr.-. , s `7.85 _ t•; - r^ T?X'S a~~
P01TRA5
t0 C ~ _ ; - - r - • ~ ,TY, CWT CO~U,ft~T
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CL=i~1 . U.T L~:...i, ;,L .J=i~ ::0, fL,~, J
4`7'~`~'ts
(herernalter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
` and wrN defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that ,f Marcie W. Downward and Helen M. Downward the Make+Is! of that
~ `Insert Namelsll
their
certa,n promissory note dated the date hereof (the Note1, hens, legal representatives or assrgns shall pay to Mortgagee
3923.38
i the pnnupai sum of S 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 been December. 20, 1982
I 9 , ?B ,which Note provides that
all installments of pnncrpai and interest are payable at the olfice of Mortgagee, or at wch other place as the holder may deirynate m
~ writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default rn the
j payment of the Note, and that rt default be made rn the payment of any installment thereunder and that rt wch default rs not made
f` good rn accordance with the terms of the Note, that the entire principal win and accrued, earrxd interest shall become due and payable
E I without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement ancf cov-
errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shalt be void, otherwise the same shall remarrt
rn full force. Maker covenants to pay the interest and prrncrpil promptly when due. Mortgagor covenants to pay the taxes and assess-
i
ments on said property; to carry insurance against fire On the building on card !and for not less than S ,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 card land m proper repair.
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\ Thrs Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or
,t11 ~ to be made at the o tron of Mort
p gggee, or otherwise, 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 rndebtertness shall not exceed at any
N/A
_ time the maximum pnnppal amount of 5 - plus interest, and any drsbursv_ments made for the payment
of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether
k ~ 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
1 ~ any other notes secured by this Mortgage. Thrs Mortgage is given for the specific pwpose of securing any and all indebtedness by the
Maker to Mortgagee Ibut in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth rn this
paragraph) rn whatever manner this indebtedness ma be evidenced or r gage
0~ Y epresented, until this Mort rs satrshed of record. Au cove-
nants and agreements contained in this Wlortgage shall be applicable to alt further advances made by Mortgagee to "Acker under this
future advance clause.
Should any of the above covenants t>P broken then the Note and all moneys secured hereby shall, without demand, rf the
Mort a ee, so elect, at once become Aue and
_ ~ ~ 9 9 Vayable and this mortgage may be forEClosed, and all costs and a¦Venses of collection and
reasonable attorneys' fees, mclud.ng cosrz, expenses and reasonable attorneys' fees on appeal, rf collected by Irrgal procerdrngs or
t- through an attorney at law, shall br paid by the Maker, and the same are hereby secured.
j ~ 1 IN WITNESS WHEREOF, the Mnrtgago. has ~xecurtKf this Mortgage as of the date first atrovr• see forth
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- ~ Sgned, sealed aril delivered
in our pies ce
;s
IMnrty r)
f ~l1~IQ~~i~L_ . I SE A L
IA,1n1t oil
STATE OF Florida ?
St. Lucie ?
COUNTY OF I
I HEREBY CERT~f 1(~~~1S~on this day- before me, an officer duly authonrerl m the State aforesaid and in the County aforesaid
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to take acknow sr'~~p~?fy appeared Marcie W. Downward and HZ~~{},~~o
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k jt~9 - person described
in and wh0~ ~ r
Jt!'fpr~pwAdJnivument and they acknowledged before me that -they exe uteri the same.
~ "t~ 21st. December
WITH rtd arrp pffi[r al rn the County and State I r of ward this day of
Ao..ts_ _ ~
3~~~jr~• ~,tr.~~. Notary Public
• M ~I^~IC ST
• )tk f1.ORIQA AT ufad
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