HomeMy WebLinkAbout2121 DIRECT HOME IMPROVEMENT MORTGAGE 4~`~:13~
WITH FUTURE ApVANCE
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24th February : A.Q.. 19 80 , berHesrt'
THIS MORTGAGE. made this wy of
Walter P. and Patricia A: an _ IMottgagor) and
_ - (Mortgageet;
(Name of Sun Bsnk( -
WITNESSETH, that Mortgagor, for and in consideration of the prvcnises and in o:dtir to securtl tht payment of the principal aM
interest on the note lss hereinafter definedl, Mortgagor hereby grants, assigns trartslers and mortgages to Mortgages, its successors and f
assigns forever, the folbwing dest:rbed real R'OltertY in ~ ~ County, F order, to wit: - {
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Lots 1 and 2r Block 30 of San Lucie Plaza Subdivision _
-according to the Plat thereof recorded in Plat Book S.
Page 57 of the public records of St, Lucie County, Florida.
. THIS IS A SECOND MORTGAGE. .
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s a/. 5 M N?r~r of T11~!
. one ~ cuss ~ alTUf~ - ~ 1980 JAN 30 AK it'd 06
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f106ER PtrIT. A~ ,n. ~ _ C= o V ~ t.... O R ~ ~ = ~ FILEO I?ND CORUtO
gtiClNi fpYRT. ST. lNZ1E COy RA.~ S T ark ,;,a5 ~ A lA E' ? fT. LUC C TY.f LA.. -
~ UO_C'J_N1EN;AR`!_:.., _RO~E~P TRAS
UEPT._Ui kEYcNiiF. i' ~ C(RCWT COURT
~att3t,'ti; +'c.e-,yE'!~" ' 6. Z 0. 11ERIFIEO - .
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- (hereirtaiter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property '
and will defend the sane against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that if Walter P artrl Petri r~i a A Ray n - ,the Makerls_1 of that
(Insert Namelsl)
certain promissory note dated the date hereof (the Notei, their legal representatives or assigns shall pay to Mortgagee
the principal wm of S T A= 795 _ 79 _ ~ evideneed by thi• Note, with interest and upon the terms as provided therein, the final
maturity date of the Note and of this Mortgage being. aTanuarx 23 . fg 90 ,which Note provides that
al! installments of principal and interest aro payable at the office of Mortgagee, or at such other place as the hokkr may designate in
- writing, and that each maker and endorser agree to pay all costs of cdketion, including a rwsonabk 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 such defavtt is not made
good in accordance with the terms of the Note, that the entire principal sum and accrued, earned interest shall became due and payable
without notice at the option of the fickler thereof; and shall perform and cornPH with weft and every stipulation, agreement and cov-
errant of the Note and of this Mortgage, theft this Mortgage and the eittate hereby crested 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-
menu on said property; to c.'rry inwrartce agair?st file on the buikfing on said land tw not less than S ~ . aPProv~
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be hekl by the Mortgagee and to keep the
building on said land in proper repair.
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~ - This Mortgage shall secure not only exerting indebtedness, but also such future advances, whether sixh advances are obligatory or
~ to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 years from the date hereof, to the same extent as
if such future adw~rtces were made on the date of the execution of this Mortgage, but such secured indebtedtiesx shall not exceed ~ any
} ~ time the maximum principal amount of S na plus interest, and any disbursements made for the payment
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Q j of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wth tuture advances, whether
K ` obligatory ar to be made at the option of the Mortgagee, or otherwise, may be made either prior tt: or after the due date of tttt Note or
2 I any otfte< notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
Maker to Mortgagee (but in no event shall the secured indebtedness exceed atan~r time the maximum principal amount set forth in this
s paragraph) b whatever ma?xter tha_indebtedness may be tvidexed or represented, until this Mortgage is satisfied of record_ All cove-
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Hants and agreements contained in this Mortgage shall be applicable to all"further advances made by Mortgagee to Maker under this
Q ~ future advance clause.
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~ _ Should any of the above covenants : _ broken then the Note and all moneys severed hereby shall, without demand, if the
Rf Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
b rwsonable attorneys" fees, including costa, expanses and reasonable attorneys fees on appwl, if collected by legal proceedp?;s or
F 1] through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
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W i ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. -
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F=.. i Signed, sealed arts slivered
in our presence:
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(Mont
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Florida ~ f z
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STATE OF / . ~ .
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( + COUNTY OF St. LIICie 1 _ I" ~;.~i~:,- ti
1 HEREBY CERTIFY, that on this day, before me, an officer duty a+~thorited in the State afori.~`id'' ~t? gtaid
Walter P & Patricia A R~ra~ k~~ ~
~q~!@y _~riQ~¢iCs
• to take acknowledgrents, personally appeared
in and who executed the forego+ng instrument and they acknowledged before me that - - • - _ 'the same:
WITr
$EO my hand and official seal in the County erne: State last aforesad :his 24. day Of`~.
A.D.; 19 ~ _ .
Notary Pub1iG
My Commission Expir~ COASMIiS1Uv EA1RfS IWAY . 2t "19f11
frCtipED 1'ffRA! tatF*!:l4t + . ..+`:J-Rt•RiTFlS