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Home My WebLink About1083 • ' OIRECT HOME IMPROVEMENT MC~itTGA~GE WITH FUTURE AOYANGE THIS MORTGAGE. marl. chi: 1Hth ~y of January . a.a., 19 80 . betweert• James A. French and Velva H. French, his wife (Mortgagr~r) and Sun B.3n o St. Luc a County iMort gages): . [Name Ot Sun Bank) WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure tF.e payment of the princi~l acid ,nterest o» .h. rwte Iss hereiratttx del ir~ed?, Mortgagor hereby grants, assigns transfers aid mortgages to Mortgagee, its suceessurs and assigns lorwer, tM tolbwirtg described rest property in St. L11C~@~,~ _ . county. Fbrrda, to wit: Lot ro. 1, Block S, as shown on the Plat of Harfalony Heights Additon i3, said plat havire~ been recorded in the office of the Clerk of the Circuit Cout, Ft. .~ferce, Florida. on January 14, 1953, in Plat 8ot~k ~9, Page 46. ~ _ 4 - ~ECEnrFa = I 9 IN rAYMdT of Tins DUF Sq Ct/tSS 'C lIITAk6•'B1E PERSOM+IL PROPEa1Y, PURSUANT TO tJ1APTER 71-134r ACTS AF N71. 'a'~~ - . ROGER POR6AS ~ . ChEMI CIRCwT COYRTr ST t~E Car F3,I~C~.~1 ~ - 4'~~'~'U This is a Ptrst ' Mortgage s:v~~^ . -s:.t ~ ~ ~ ~ ; - _ ~ X80 JAN 23 PN 2~ 32- . FFILEOANOFECt31d)EO t , ST.LUCtE COONTTY.FLA. - R46ER POITRAS 'r ! ~ ' CLERK CtRCU17 G , RECOR9VERIFIED - i i^, (hereinafter referred to as the Mort gaged Property); and the Mongagor does hereby fully warrant the title to the Mortgaged Property c ~ and wiN defend the same against the lawful claims of all persons whomsoever. ~ ~ r ~ - , - James A & Velva H. French • 1 PROVIDED ALWAYS, that if _ ,the Makerls) of that [Insert Namelsll ' ~ certain promissory note dated the date hereof Ithe Note), their heirs, ~I representatives or assigns shah pay to Mortgagee - r--- ! 1 1Vl fir-' ~ ~ ~ the principal win of $ 8, 483.09 ~ by the Note, with interest and upon the terms asprovided therein, the final • li .maturity date of the Note and of this Mortgage being January 17 , t9 87 ,which Note provides that ~t all installments of principal aril interest are payable at the office of Mortgagee, or at str~.h other place as the holder may desigrwte in f ' T - ' writing, and that each maker and endorser ree to pay all costa of collection, irrcltrdi erg rig a reasonable attorney's fee, upon default in the ~ ^ r- , paymen! o! the Note, and that d default be made in the pay:.gent of any mstalknent thereunder and that if such default is not mane Crl = ~ good in accordance with the terms of the Note, that the entire principal sum acrd atxruecf, ~rned interest shall become due and payable without notice at the option at the pokier thereof; and stroll perform and cor:rply with each and every stipulation, agreement and cov- ~ errant of the Note and of this Mort gage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain- . in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the razes and assess- - menu on said property; to carry inwrartce agarnst fire or, the buiklirrg on said land for rot less than S n~a ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the pol,cy to be hek! by the Mortgagee and to k the eeP - budding on said lard in proper repair. ~ This Mortgage shall secure not only exisi,rtg indebtedness, but also such future advances, whether such advances are obligatory or to be made at the option of Mortgagee, or otherwise, as are m:rJe within twenty (201 years Iran the date hereof, to the same extent as rf wch future advances were made on the date cf-the execution of this Mortgage, but such secured ir,deutedness shall rwt exceed at any ~ ~ tJ ~ tune the maximum principal amount of q n~a plus interest, and any disbursements made for the payment O y of taxes, levies, or mwrance, on the Mortgaged Property, with ,rterest on wch disbursements. Any wch suture advances, whether ~ -.I oblgatory or to be made at the option of the Mort may be made either prgr to or after the due date of the Kote or ~ U gages, or otherwise, ~ ~ O any other notes secured by this Mortga!ee. This Mortgage is given for the spec,tic purpose of securing any and all ,ndebtednE:ss by the w F] Maker to Mortgagee (but in no event shall the secured indebtedness-exceed at any time the maximum principal amount set forth n this paragraph) in whatever manner this indebtedness may be evidenced or represented, unt,l this Mortgage K satisfied of record. All cove- N pants and agreements conta,ned in this Mortgane shall be applicable; -to all Further advances made by Mortgagee to Maker under this ~ future advance clause. - z ~ E O ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, the ~ O X Mortgagee, so elect, at once betomr due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and ~ O ~ reasonable attorr,e s' lees, ,nCltxl, y appeal, it collected by legal proceedings or ,d Y rig costs, expenses and reasonable attorne s' fees on G ~ ~ through an attorney at law, shall be I;ad by the Maker, and fiat same are hereby secured. ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the dace fn,t above set forth. ;r UI I ~ . T ~ a S,gr,e~, seised and I,vered otrr presence: - - ~ ~ Q ~ (SEAL) Z ~~,lw -n ISEAIi (Nlortgagorl - - STATE OF Florida ) • St. Lucie COUNTY OF I ~ I HEREBY CERTIFY, that on this derv, before me, an oft,cer duly aathgr,zed ,n the State aforesail agrJ itt.tl>d',Oit~fy aforesaid to take acknow`edgments, pe+sonally appeared Janes A & Velva H Frenr,h to me k. o be !t}kpu-/9`0i! descnbeci 1 ,n and who sxecuted the tarega,rg instrument and dey acknowledged before ire that ~'Y.,~s~. -+ek~oir[E%t~ths same_ .i.~~ WITNESS my harxl and off,c,al seal rn the County and State last alorvsard th,s ~8 dey. f J ' ~ ` ~'r' ~t Notary Pubt:c ~i~ IC: rt 8324 ~ -:~LORfOu~~~;;~~. - My Cornm:sswn Ex~~r1~dM1551 ?AES A1A? ~~~'f~Rt . SEC il~tJ:,Ey~ilK ~yyRr~ 4~014-0CA-7 Rrar. 8/77 . E.ers.r..r•Y.ea