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HomeMy WebLinkAbout0032 w _ - . - oIaECT fKMfF IMPROYEMEMT ~0~~~~~~ - ~~9a WITH FUTURE ADVANCE ~~~C a~ THIS MORTGAGE, made this 151 day of _Jj~~y. ,A.0., 19 , betwsat' ,osrrfah A. and Nariorie Aauer , his wife (Mortgayorj and ` ---r- Sven Bank of St` Luc~,g County _ lMatllagser (Narne o! Sun Bank) - - ~ WiTNESSETH, that Mortgagor, for and in consrtleration of the premises >r~ in order to secure the parr-;ent a! the principal and 4 intvest. On the rrott (as hsrtinafttr defirtErtl, Mortgagor hereby grants, assigns transfers and mgrtgages to MOttg~sget, its suc~:essrxs and sssigrt;; forever, the followietg dtscrrbed real property in $t. Lucie Courr;;, Fbrida, to wrt: l - s - _ ; Lot 9, Block 140, L.'~ICEWOOA PARK UNIT lI, as per plat ! thereof on file in Plat Book ll, page 3213 of the Public - - Records of St. Lucie Courityr Flarid:i - - - i - _ t THIS I8 A SSCnND h!t)RTGAiGE - a~ JAN 17 Pp ~ I2 . ~._..~d 8 - iftPsyltt~ur ui ~axp - ~ / - f D Alto RECOtZDEO . ~ t)us On Ctafit "C" O>falgbl~ Ptfrsonal P~opMtj/. - S ~ POITftAS ~ - Punuaf+A_Ta Clltttp~ 7f• 1~ Aas Of 971. . . - mare cF~/~' > eoc~ N0~'t'N?s f . ~ -Chic CIroWt Coact. •t tn~oiR Ca Ha - - ~ ` (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property ~ ~ ~ vi~`~ and wiil defend the same against the lawful claims of all persons whomsoever. - . _ _ ~ ^t'~ PROVIDED ALWAYS, that if ~oseait A_ 4 -1~lar jor±e Baler ,the Makerlsl of that 'I~i - - III ~ i (Insert Nametslj Z ~!`z - certain promissory note dated the date hereof (the Nnte)," thell~irs, kgel representatives,or a signs shall pay :o Mortgagee ` ~ c~bf the principal vein of S 9.224.22 as e~bdenced by the Note, with interest a~td upon the terms as provided therein, the final - . ; maturity date of the Note and of this Mortgage 6eirrg - s3~tl82y ~4 , 19 90 ,which No(e provides that ' ; alt installments at principal grid inlersst art payabM at the office of Mortgagee, or at such other place as the holder may designate in _ writug, and that each maker and endorser agree to pay-all costs of colketion, iEtctudmg a rcasortabk attorney's let, upon default in the r'~.- L'~; - payment of the Note, and that if default be made in the payment of any installmtrrtt thereunder and that if such default i3 not made f . r good in accordance vvi:h the terms of the Note, that ehts entire principal win and accrued, earnedinterest Ytwll become due and payable l ~ Imo[ _ without notice ai the option. of the holder thereof; and shall pe.torm and comply with each aced every stipulation, agreement and coy- i ~ levant of the Note acrd of this Mortgage, then. this Mortgage and'the estate hereby created shall be void, otherwise the same shall remain W ' S ~ i^ full fort-. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay tfte taxes and assess- meats on said properly; to carry inwrance against fire on the building on said land for not less than S nor ,~o~ ~p by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the r buikliag an said lirrrd in proper repair. - - ' ~ ' This Mortgage shall secure not only existing indef••edrress, but also such future advances, whether such advances a•e obligatory or j to be made at the option of Mortgagee, or otherwise, as sre made within twe+tty 120) years from the date hereof, !c the same extent as , of sw_°h '-rture advances were made on the date of.the execution of this Mortgage, but wch secured indebtedness shall not exceed at any r } ~ ~ ~ rirrta the maximum principal amount of S 22$ plus interest, and any disfwrsecreentt made far tl?r+ payment n of taxes, levies, or inwrarrce, on the Mortgaged Property, with interest on -such disbursements. Any such future advances, wftether U ~ oblgatory or to be made at the option of the Mortgagee, or otnervvae, may tic ^~=t+a+ odor to or after (Fee due date of the Nate or G ~ any other notes secured by this Mortgage. Thor Mortgage is given for the specific purpose of severing any arxf all indebtedness /y ii-.Z f Make* to Mortgagee (but i!± rro event shat; the secured xrdebtedness exceed at any lime the maximum principal amount set forth in this i ~ U ~ paragraph) in whatever marrter this indebtedness may be evidenced or represented, until this Mortgage a satisfied of record. All cave- rn i Fj na~ts and agreemFrrts car.:ained xr thes Mortgage shall be applicable to all f~!ther advances made by Mortgagee to Maker under this ~ future advance clause. ' _ } ~ i Should any of tftr above covenants be broke" the.( the Note and all moneys secured hereby shall, wit!?out demand, if the ~ .1 ~ W Mortgagee. so elect, at once become due and payable and this rrortgtge may be foreclosed, and ell costs and expenses of coilection and i ~ 1 33 ul~ O reasonable attorneys' fees, irtctud:rtg costs, expense and reasonable attorneys' t!'es vin aop~l, :f collected by legs! p:ccradings or ~ b ~ .X ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. Z ~ - - ~ ~ IN 1MITNESS WHEREOF. the Mortgagor has executed tics Mortgage as of the date firs[ above set torte?. ~ y - - w' ~ i Signed. sealed and desrvered _ - - U) - m our pr t= - ~ EALI - ~ (Mortgagor) - iMorts g! ~~1~{n~f~: r~~~y z ST14TE OF Florida ) ~ ~ ~ 1 ` ~ ~ Y St. Lucie 1 ` s~~ _ • fJ„~~':ay • COUNTY OF - 3 . - _ I HEREBY CERTIFY, that on thr, day, before me, an officer duly autfroriraJ in the Staf - rd~ the "Forward to take acknowtedgrtents, personally appeared Joseph A & Marjorie Bluer Ic ~ •7 ~ - - they t ~•s" s, ' rn and who executeu the fgregorrrg rnstromen* arXf aCknowledgrd before me th3gr ~ tre same.- ,L 1?. ` - - WITN~ESTS my "acrd and otficral sews m the Cor:nty and State fast aforesaid the ~r~~7J. oayrh?r ' A.p., t9 . ` iLi~~ ~ Notary Qu41ic My toK+rtiissron Expires: ""f°r1 ~C. ~l! f~ F1M1~ tie ~ ey CooY¦itiile4 fotglr~ Ma~? at. t9~ d-&014f)047 ter', R/?7 t~ - - E.«~,.~..r..~