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HomeMy WebLinkAbout2204 DIRECT HOME IMPROVEMENT MORTGAGE ~~24s8 ~ ~ WITH FUTURE ADVANCE THIS MORTGAGE, made this -.11th day of January ~ A D 19 80 ,between. John E Miles and Cecelia M Miles, his wife _ (Mortgagor) and Sun Bank of St Lucie County IMortg.-fgtrel: (Name of Sun Bank! WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and interest on the note less hererna([er defined), Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property in St LLICle County, Florida, to wet: Lot 27, Block 169, PORT ST. LUCIE, SECTION FOUR, according to the plat thereof as recorded in Plat Book 12, page 14B of the public records of St. Lucie County, Florida. (This is a second mortgage.) 1980 JAN 14 Ai ~ i I ~ 39 aoosw.a ~ o~ l° o I~ ~w~«+~ a Taxes Due On Clafs "C" Intangible Personal prop+fty, - FILE I?N P~CORGEO fpursuarn To Chapter 71.134, ACta O+'9?1, - S RO~C~R~P°ITAASA ROGER POITRAS ~ - CLERK CIRCUIT COUtt Mary Cirtuk Court St. LuCN, C,O., Fla. ' _ _ , REC08D YEPIfIEO_ - _ . ; 4'72468 . ~ (hereinafter referred to as the Mortgaged Property): and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and wu! defend the same against the lawful claims of all persons whomsoever. - r ~ PROVIDED ALWAYS, that rf John E Miles and Cecelia M Miles _ ,the Makerfs) of that (Insert Name1s1) . certain promissory note dated the date hereof (the Notel, their heirs, legal represents{rues or assigns shalt pay to Mortgagee ~ S, 302 • 43 as evidenced b the Note, with interest and upon the ;arms as provided therein, the final - ~ the principal sum of S Y maturity date of the Note and of this Mortgage being January 10, 1984 ,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 in 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 rn the payment of any installment thereunder and that rf wch default is not made good m accordance with the terms of the Note, that the entire pr mcipal win and accrued, earned interest shall become due and payable without rxftice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, ctherwise the same shall remain " ~ in !utl force. Maker covenants to pay the interest aril principal promptly when due. Mortgagor covenants to pay the taxes and assess- ' merits on said property; to carry insurance against fire on the twiWing on card ?and for not less than S n~a .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 said land in proper repair. This Mortgage shalt secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or ~ to be made ct the option of Mortgagee, or otherwise, as are made within twenty 1201 years from the date hereof, [o the same extern as j ~ rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any i ' pi time the maximum principal amount of $ _ n/a plus rmerest, and any disbursements made for the payment g _ U' of taxes, levees, of insurance, on the Mortgaged Property, w+th interest on wch disbursemems. Any wch future advances, whether 3 ~ ~ obligatory er to be made at the opuon of the Mortgagee, or otherwise, may be made either poor to or after the due date of the Note or 1 any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all irxlebtedness by the ~ i Maker to Mortgagee abut m no event shall the secured indebtedness exceed at any time the maximum prmupal amount set forth in this `-7I paragraph) rn v:hatever manner this indebtedness may tae evidenced or represented, un»1 this Mortgage is satisfied of record. Alt cove- 1~ ~ Hants and agreements contained in this Mortgage shall be apDlrcable to all further advances made by Mortgagee to Maker under this f _ O wI O ~ $houtd any of the above covenants be broken then the Nnte and all moneys secured hereby shall, without demarxl, d the G ,X ~ Mortgagee, so elect, at once become due arxi payable and this mortgage may be foreclosed, and al! costs ancf expenses of collection and .a reasonable atto;neyz' fees, including costs, expenses and reasonabl? attorneys' fees on appeal, if collected by legal proceedings or w ~ fq ~ through an attorney at law, shall be paid by the F,taker, aril the same are hereby secured. ~ ~ I IN WITNESS WHEREOF, the. Mor, gage s of the date lust above set forth - ~ ~ ~ ganor has sxecuted this Mort a rn NI I Signed, sealed ancf drirvered ~ ~n our pr nce~ ~ r _ _ (SEAL) jAlortg l ~"[I f~\ ~ ~ - - ISEALI ~ (Mortgagor STATE OF Florida I 1 COUNTY OF St. Lucie 1 e - 1 HEREBY CERTIFY, that on this day, before me, an officer duly outhonred m the State alorezaxf ancf in the County aforesaid a ..:.-i g pe+spOalfy ~ppeorEd Qt1n to me kncrrn to be the person described to take acknuwled merits, J E & Cecelia M Miles ' .n and who executed the foregoing instrument ~rxf they acknowledged tfefore me that _ they executed the same. . WITNESS my hand and official seal rn the County and State less afor +d this day of - , I AD,19 + P~GE~~ Notary Public ~ 1~' f h1y Commrsvon Expires B NOIfARY flllLtC AAtE Oi itOIgOA AT tAd 4-6014-000.7 Rev. 8/77 ~ MY COMMISSION E7VIRB MAY. 12 1902 tt~nr.,ern 1'!MU CfAE~/Il INS. I~OEEtlVtISE>7~'