HomeMy WebLinkAbout0451 DIRECT lgfiAi 11iMOVEMENT . MORTGAGE ~ 4 I yis / •
WITH FtRW1E ADVANCE
TH18 MORTGAGE. made this 1st day pf habruary , A.C., 19 SG ,betwaert'
hsRoy b Blau (Mortgegor) and
o c e y (Mortgagee);
_ _ (Name o1 Sun 8ank1
W ITNESSETH. that Mortgagor, for and in considsuation of tM premaes and in order to sewn tM payment ^of tM principal and
interest on tM note less Mreinafta def irtedl. Mortgagor herby grants, assigns transfers and mongages to Mortg~. its wccsssors and
assigns forever, 1M folhwing dsscri»d rNl property in St,~ LIICie _ County, Fbrida, to wit:
Lots 29, 30 and 31, clock 7, zvc~R TBRRt+1~S, .
as recorded in Plat Hook 4, page 54, of the
' Public Records of St. Lucie County, Florida.
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This ie a Second Mortgage.
n.oiw.a • 3~- m P.rf,«tt a ~
X80 FE8 -5 AN ~ 57 cue oft cuss ••c•• i.~+a~r:
ptnsuam To CNtpM? 71..134, /lob O~'pTt.
STk o ~ PfCONOEG ROOEII 1'OITHAS
<<"~n I . ~~~~>~A, cf.r: Grf~1t coup. tafcM, Oo., Fh.
.1 ~ fA i i CLERK CIRCtNT T
tri I REC9R0 VERIFIfO ,D C~
o _ .W
- = f i 1 (i ~ (hereinafter referred to as the Mongagsd Property); end the Mortgagor does hereby fully warrant the title to the Mortgaged Property
'~~,,1 and will defend tM same against the lawful claims of all persons whomsoever-
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f:'.}~ PROVIDED ALWAYS, that if Le~Y Hugh Elam ,the Maker(s) of that
(!r",,,y~~~~ [Insert Nsmels))
zt~ c k otrain promissory note dated the date hereof (the Notel, hi9 heirs. legal representatives or assgns shall pay to Mortgagee -
m 3,658.05
~ Q ; z the principal sum of S as evidenced by the Note, with interest and upon the terms as provided therein, the final
Z.> ~ M8rCt1 1 , 19 85 which Note provides that
w~ Y i• maturity date of the Note and of this Mortgage being
all installments of principal and interest are payable at the office of Mortgagee, or at such orbs Place ss the holder may designate in
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~ ~ writing, and that each maker and endorser agree to pay alt costs of cdlsetion, irtcludirtg a reasorsabk attorney's fee, upon default in tM
. j'.= a ` payment of the Note, and that if default be made in the payment of any installment thereunder and that if such defauh is not madt
, good in aoeordantx with the terms of the Note, that the entire principal sum and accrued, earned interest shall become due and payable
! ~;iiitllii without notice st the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cotr-
anent of the Note artd of this Mortgage, then this Mortgage and the estate hereby created 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 -
r. T i'JC! ~ merits on said Property: to carry insurance against fire on the building on said krd for not less than t n~a .approved
- _ `iii by the Mortgages, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep tbs.
building on said land in proper repair.
This Mortgage shall severe not only existing indebtedness, bui also such future advances, whether such advances are obligatory or
y to be made or the option of Mortgagee, or otherwise, as are made within twenty (201 years tram the date hereof, to the same extent as
ii such future advances were- made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
m U time the maximum principal amount of S n~a plus interest, and any disbursements made for the payment
p ~ of taxes, levies, or utwrsnce, on the Mortgaged Property, with interest On such distwrsemenis. Any such future advantes, whether
.,.t oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or aher the due date of the Note or
a ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
w ?7 Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the ntaxinwm principal amount set forth in the
paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is setistied of record. AN cars-
. a
v, rants and agreements contained in this Mortgage shall be appligbk to all further advances made by Mortgagee to Maker under this
C ~ future advance clause.
~ O Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
pp Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection. and
~ r] ~ reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or
N 'dam pq through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
C IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
~ ~ N
~ Signed, sealed and dtlivered y
~n our nee: /
ISEAU
(Mortgagor)
(SEAL)
(Mortgagor )
STATE OF Florida 1 s
COUNTY OF St. Lucie 1 l ~ t+~'r _
1 HEREBY CERTIFY, that on this day, before me, an officer duly authorized in the Stag , it:~ in •ttr;4ty~foressid
• LeRoy Hugh 811981 , a"" . ~ 6e ~ ~"'shoribed
to take acknovrledgments, personally appeared •>ID4, -
in and who executed the foregoing instrument and he acknowledgedbe~ re mA. - r •'s~Ce ~ same.
1188
WITNES~?y hand and oftic~al seal in the County and State last aforesaid this `
ov ,
Nlots.y Public rcY.RY vt,dl, ~ St~'lR.t r' ~ .'9;~,~i'~,i;~ / 9
O~M~ t~ ~ My Commission Expy~~Cµ1M15S10N >E»r..ls'I~y?1?. ~s. Mf~t
B~~NOiO IHIW C,ftrfAAl-1N3. ttN~EwE1iElS
48014-000.7 Rev.8/77 E••~••~'~•