HomeMy WebLinkAbout1338 DIRECT HOME IMPROVEMENT MORTGAGE 3as.~$~ I
wI7H FUTURE ADVANCE 4'71968 ~ ~
THIS MORTGAGE, made this 7th day of January A.D., i9 80 ,between
Jackqulyn Patricelli, a single person
IMortgagorl and
Sun Bank of St. Lucie County A_ IMo,tgagee?:
(Name of $un Bank)
WITNESSETH, that Mortgagor, for and +n cons+deration of the prem+ses and rn order to secure the payment of the pr,nupal and
_ ,merest on the note las hereinafter dehnedl, Mortgagor hereby grants, assigns tr9nsters and mortgages to Mortgagee, its successors and
St. Lucie
' ' ass+gns forever, the follow+ng described real property ,n County, Florda, to wit:
t'+' - ~ )
i
~ Commencing at the SE corner of Lot 47, of MARAVILLA GARDENS
• UNIT N1, as per plat thereof recorded in Plat Book 6, at page
~~~r'- 55 of the Public Records of St. Lucie County, Florida, thence
~ run Westerly along the Southern lot line of said Lot 47, 636.64
feet to the point of beginnings thence continue Westerly along
-•r. said Southern lot line 64 feet to a point, thence run North-
,;i erly 129.54 feet more or less to a point on the Northern lot line
~ of said Lot 47, said point being 695 feet from the NE corner of
cr: - said Lot 47 as measured along said Northern lot line; thence run
v,- Easterly along said Northern lot line 64 feet to a point; thence
.:1~ run Southerly 129.54 feet more or less to the point of beginning.
~~tv><o s 7.35 ~ PAYNl91T OF TAl(Et
~j DUf 8Y Ctr•~S 'C' frt. *iG 3if PcS,ip9+SL PkOPERTr,
THIS IS A SECOND MORTGAGE PU:~S'~rWT TO ; ri?: i... 71-::;4, b~TS Of 1971.
• r;LO~:T PGIT'JIS
CLCBK CI:;;,U:T COURT, ST, IUGE CO. FLA. '
(hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and wail defend the same against the lawful claims of all persons wtsomsoever.
Jackqulyn Patricelli
PROVIDED ALWAYS, that rf -.the Makerlsl of that
(Insert Namels?1
certain promissory note dated the date hereof (the Notel, her beers, legal representatives or assigns shall pay to Mortgagee
3,672.85
the pnncipal sum of $ as evidenced by the Note, with interest and upon the terms as provided therein, the final
t__.._~- c
maturity date of the Note and of this Mortgage being uairuaiy v . 19 0~ ,which Note provides that
alt ,nstallments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
wr,ting, and that each maker and endorser agree to pay all costs of collection, irscltrcling 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 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 void, 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-
~ ments on said property; to carry insurance against fire on the building on said land for not less than $ n~a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be hekf by the Mortgagee and to keep the
bu~ld+ng on said land in proper repair.
.This Mortgage shall secure not only exist,ng indebtedness, but also wch future advances, whether wch advances are obligatory or
C to be made at the lion of Mort
+ ~ oP gggee, or otherwise, as are made within twenty (201 Years from the date hereof, to the same extent as
U if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
,C ~ t+me the maximum pryncipal amount of S n/a plus interest, and any disbursements made for the payment
j = of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
it oblgatory 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
~~7 any other notes secured by this Mortgage. This Mortgage is gnreri for the speuf,c purpose of securing any and all ,ndebtedness by the
Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth n this
- .i
- .aJ~ paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is saNsGed of record. Atl cove-
~i Hants and agreements contained in this Mortgage shall be applicable to al! further advances made by Mortgagee to Maker under this
C w` future advance clause.
Ci
C ~C Should any of the above covenants be broken then the Note and all moneys secured-hereby shall, without demand, rf the
Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and alt costs and expenses of collection and
r Ipi reasonable attorneys' fees, mdudmg costs, expenses and reasonable attorneys" fees on appeal, rf col?ected by legal proceedings or
through an attorney at law, shalt be pad by the Maker, and the same are hereby secured.
- G!
' ~ ~
z ~ I!I IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date fast above set forth.
- ! S+gned, seal and del,vered ~
+n our pr n
- IM gagorl p r-
~~N _S ~ 4 ~ _ ISEAII
4'71968 -IMS
~I~IE
~o~~tY~
STATE OF Florida 1 ROGER POITRAS
s 1 CLERK CIRCUIT CO
a COUNTY OF St. Lucie 1 RECORD YEFtf'E'?__ _
i HEREBY CERTIFY~t11)s day, before me, an officer duly authoraed .n the State aforesaid and rn the County aforesad ,
r
Jack 1 Patricelli
to take acknowledgme~tl? y~ppeared ~ Yn to me known to be the person described
+n and who executet4~11~~~~syu!n8 instrument and She acknowledged before me that She executed the same.
rY
WITNESS my fi>tY~loffrtial setjl'm~ljte County and State last ore this 7th ay of Janus
. _ ' /1; ,
~ Nota.y Public
a
- My Commission Exp+AQTARY N11LIC RATE a Al LAS
? - V ~ ~ (l~~~ Mr CQMMISSION EAIR~ MAY. 12 1952
~ 4-6414-000.7 Rev. S/77 8~ PaCE~~ ~ON~fD 1FMIJ CEI~AAL Ili, UNT~iRWRFT1Ey
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