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DIRECT IK1fME IMPROVEMENT IVI~RTGAGE e~ r~Q~ ~ '
WITH FUTURE ADVANCE ~ 4 I~~;1~iV
25th January . A.O., t9 8U .between
THIS MORTGAGE, rn:.fe this day of
Russell A. Miller and Vallis F.:fillelt, his wife IMortgagorl a~
Sun Bank of St. Lucie .County _ _ IMort~a~e.l;
lNams of Sun conk!
WITNESSETH, that Mortgagor, for and in consideration of tM premises and b ortht la secure tl+a payment of tM principal srd
interest on tM note tae hereinafter dtf erred!, Mtmyapor herttbY grants, assigns transfers and mortgages to Mortgagee, its successors and
sssiyr?s forever, tM folbwing daer~ad real property ih _ St_ . tn_iP County, Fbrda, to wit:
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Lot 18, Block 43, River park Unit ~5, according to the Plat thereof.
~on file in-Plat Book ll, on page 31, aublic records of St. Lucie County,'
tc~ Florida . .
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+x ~ Subject to Mortgage from Grantees to First .Federal Savings & Loan Assn.
t of Ft. Pierce, dated ~Septelaber 28, 1978, recorded - R. Book 295 at `
~1! t t t page 1985 of t'~e puk;lic records of St. Lucie CotuzC~ii'~r`id:;, in the }
_I`'~~~` `'~I original principal sum of $36,U00.0~. -
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C+ Il~lrm _ s: a 1 111 M11ME1{T 01 TAB
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Q.~ m aE iN CLASS 'C•-INTAIt66LE REItSONAL 1'AOPERn, FILE. D AIiD~~Q
• ~1J'-'~ ~ ~ To :.NAPT~ : n- -~4, ACTS OF 1ET1. STjRU4nUC-C~i[C Y. F A.
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z ~ ttbGiR PiRiAS ~ ' - IXEW[ CdtCUR T
1111. 1~~ ~i CNMT. iT. LW~ Coe R~~ - RECORR VERIFIFQ.~. .
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Iher.~inatter referred to as tM Mortgaged Property!; and the Mortgagor does hereby fully warrant the title to iM Mwtgaged Property
• and will defend tM same against the lawful claims of alI persons whomsoever. - -
- PROVIDED ALWAYS, that it RuSSell A. yiller -and Vallis F. !filler , tM t+Aakerls) of that
_ [Insert Namelsl) -
certain promissory note dated the date hereof (the Notel, their peers, legal representatives a: ~ssegns shall pay to Mortgagee
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tM principal wm of a as evidenced by the Note, with interest and upon the terms as provided therein, the final
_ maturity date of the Note and of this Mortgage being January 25 - , fg ~ ,which Note provides that
a!1 installments of principal and interest are payable at tM office of Mortgagee, or at wdr other place as tM holder may designate in
writing, and that each makes and endoiser agree to pay all costs of collection, includirsg a reasonable attorney's tce, upon default in tM
payment of the Note, and that if delsult be made in the payment of any installment thereunder and that if such default a not made
good io accordance weep tM terms of the Note, that the entire principal wm and accrued, cerned interest shall become due and payable
- without notice at the option of the hOkte` thereof; and shalt perform and comply with each and every. stipulation, agreement and oov- ~
- errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise tM same she!! remain
in full force. Maker covenants to.pay the interest and principal promptly when due. Mortgagor covenants~o pay the taxes and assess-
- merits on said property; to carry inwraxe against fee. on tare buekl+ng on said land for not less than S n~a ,approved
- by the Mortgagee, with standard mai'tgage bss douse payable to Mortgagee, the policy to be hekl by the Mortgagee and to keep tM
building on said land in proper repair.
This Mortgage shall secure not only existeng indebtedness, but also such future advances, whether wah advances are obbligatory or
to be made at the option of Mortgagee, or otherwise, as are made within twer?ty (201 years from the Date hereof, to the same extent as
~ if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall rwt exceed at any.. f
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~ I V time the maximum principal arrount of S n~a .plus interest, and any disbursements made for the payment i
~ ~ ~ of taxes, levies, or enwrarrce, on the Mortgaged Property, vs~ith interest on wch disbursements. Any such future advances, whether
obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of tdr Nota or
~ U any other motes secured by the Mortgage. Thrs Mortgage a given for the specific purppse of securing any and all indebtedness by the
w I ~ _ Maker to Mortgagee ibut in no event shall the secured indebtedness-exceed at any time th_e maximum principal amount set forth in this
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~ paragraph) in whatever manner lha indebtedness may be evidenced or represented, until the: Mortgage is satisfied of record. Ail cove- i
~ pants and agreements contained in this Mortgage shalt be applicable to all further advances made by Mortgagee to Maker under this
~ ~c+ future advance clause.
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z ~ p Should any of the above covenants be broken then the Note and all moneys secured trereby shall, without demand, if the
~ ~ ~ Mortgagee, so elect, at once become due and payable and 'hes mortgage may be tnxedgsed, and all costs and expenses of collection and
~ N reasatable attorrxys' fees, rnclud+rrg costs, expenses and reasonable attorneys' tees on appeal, if collected by legal proccedirigs or
''i +Q through ar attorney at taw, shall be pad by She Maker, and the same are hereby secured.
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z ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
~~~D i _
T a;~
,sealed aM de~ivered
.n r presen _ ; <
- (SEAL)
~ ssell ~.°r~Y~er
~ _ - (SEAL) ~
(Mort
Vallis F. Miller
STATE OF -FlOrlda 1 _
1 - -
CGUNTY OF St. Lucie 1
. ,,-i.~-.4T).t -
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• 1 HEREBY CERTIFY, that on-this day, before me, an officer duty authorized rn the Bratty ~6i1:
rb tfte County aforesaid
~ ;i . -~y
Russell A. &Vallis F. M''
to take acknowledgments, personalty appeaeed ~i~'P~wn~+ibed
+n and who exearted the forego+ng enstrument and thgy acknowledged ~ • ~ .r exSewted the same.
VYITNESS my hand and cfticwl seat +n [he County and Sta Ian aforesaid this , " day 4 . , , _ _ .
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_ ft~iA#f RiMIIC STAfE ~ 1{~IpA ~ At IAKRI My a r. Expires: _ - ~ ~~`f
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