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DIRECT HOMIE IMMOVEMENT MORTGAGE ~ /
WITH FUTVpE ADVANCE 4~~
THIS MORTGA~3E, made this 13tH day of Feb2t3aY'~ . A.D., 19 80 .between' -
John and Don Marie Kelly (Mortgagor) .nd
~ Bank of St Lucie Calmtv,~. Pierce Fla_ ~'~LSO (Mortgages!:
(Names of Sun Bank!
WITNESSETH, that Mortgagor, for and in consideration of the premises and in oMK to secure the payment of the principal and
' intKast On tha note lac hKNna/tK destined!. Mortgagor hKaby grants. sssigtts trarofets and mortgages to Mortgagee. its wtxesso?s and
sssigru forevK, tha folbwing deserted real property in St. Luei@ County, Fbrida, to wit:
Lot ll, Block 72, Indian River Estates, Unit Nine, a subdivision as recorded
in Plat Book 10, Page 74 of the Public Records of St. Iucie county, Florida.
(This is a Second Mortgage
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RECOff9 VERIi'Ir0
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~ (hareinaftK referred to as the Mortgaged Property!; and the Mortgagor does hereby fully warrant the title to the Mortgaged Proparty
and will defend the same against the lawful claims of all persons whomsoever.
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' ~~Q} ! f l PROVIDED ALWAYS, that ..if John alld DOn Malrie Kelly ,the MskKl:l of that
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• . ,t certain promissory note dated the date hereof (the NoteF' t~leiT heirs, legal representatives or assigns shall pay to Mortgagee
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i r: • 10, 860.62
~ ~ the principal win of s as evidenced by the Note, with interest and upon the temps ss provided therein, the fins)
r' y"~""' ~ • j maturity date of the Note and of this Mortgage being ~b • 14 , t9 90 ,which Note provides that
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Q,~ ~ ~ all installments of principal and intKest ant payable at the office of Mortgagee, or at such other place as the hokfK may designate in
't':'?-~,z N writing, and that each maker and endorser agree to pay all costs of collection, including a rresonable attorney's tee, upon defauh in the
}1 wiW m payment of the Note, and that if default be made in the payment of any installment thereurxNr and that if such default is not made
I t:r ~ im accordanp with the terms of the Note, that the entire prirttipsl sum and accrued, earned intKest 3tw1I become due and payable
4 jig without notice at the option of the hokder thereof; and shall perform and comply with each and every stipulation, agreement and cov-
~ : ° errant of the Note and of this Mortgage, then this Mortgage and the estate hKe4y created shall be void, otherwise the same shall remain
. J;~ = in full force. Maker covenants to pay-the intKest and principal promptly when due. Mortgagor covenants to a~ the taxes and assess-
~U;;~'~41iliUll n a
manta on said property; to carry insurance against fire on the building on said land for not less than S .approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to tie held by the Mortgagee and to keep the
building on said land in proper repair.
j ~ This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such 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 advances were made on the datew
o'f the exewtion of this Mortgage,but such secured indebtedness shall not exceed st any
~ Y ~ time the maximum principal amount of $ l~ a plus interest, and any disbursements made for the payment
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p U of taxes, levies, or insurance, on the Mortgaged Property, with interest On such 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 the Note or
a •ri any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
wVy Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this
~ paragraph) in whatever mariner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cova-
Q ~ : ~ pants and agreements contained in this Mortgage shall be applicable to all tunhK advances made by Mortgagee to Maker under this
~ t~ future advance clause.
z O Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
~ reasonable attorneyi fees, irxlud~ng costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or
~ ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
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~ a IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
r=- ,sealed and delivered
in o presencr
(SEAO
Kelly (Mortgagor)
ISEALI
(Mortgagor) ;
ti _
STATE OF F10TIda 1 Don Hattie Kelly _
J" /J
~ COUNTY OF St. T.1tCle ) y ~~n~6;_',f`
1 HEREBY CERTIFY, that on this day, before me, an officer duly authorized m the State afo[!si' and in~hQ. ` a resaid
to take aCknowl ants aortal! red .JO}Ul and Dan Marie Kell to me krtitwh ~to~be t ~ ,,~~~.".'.{~'de8cribed
ed9rn ,Per y appea _ _ .t _
j _ r^'~ • -
m and who executed the torego~rg instrument and acknowledged before me th~'~ t(d;tf1L same.
WITN my hand and official seal in the County and State last aforesaid n 13th ~
A.D., 19 ~ . - ~ . ~ Y tL_
i f _ _ f `cam ~~•,.^F
s ,l
Notary Public
a My Commiesion Ex es.
QR IQAt I~IC ~A1R ~ AOt10iP At lAb
~o,f~-ooo-~ a.~?. Bin BOOK~~ PACE Mr IoM wrr oat. to I~~z e.•~~•.•.,