HomeMy WebLinkAbout1064 O~' ~~~a~
DIRECT HOME IMPROV1rMENT MORTGAGE
WITH FUTURE ADVANCE w~y.a~~~
THIS MORTGAGE, made this 26 _ day of. February y' ( A.O., 19 80 ,between'
Daniel W Shaw and Ruth Sha~~l++ a fa (Mortgagor) and
Sun Bank of St. Lucie County (Mortgagee):
(Name of Sun Bankl
W{TNESSETH, that Mortgagor, far and in consideration of the premises and in Order to secure ttu! paymem of the Prlnclpal and
interest on the note las hereinalter del inedl, Mortgagor hereby grants, suigns transfers and mortgages to Mortgagee, its successors and
suigns forever, the following described real property in County. Fbrda, to wit:
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I.ot• 7, Biock 64, INDIAN RI~18R ESTATES, UNIT 3, As per plat thereof
recorded in Plat•Book 10, Page. 73, public records of St. Lucie .
County, Florida.
THIS IS A SECOND MORTGAGE }
~cavEV = / S• a/T tN PAY1tENT OF TAXEf 13`~ FE8 28 9' S9
CC oaE oy cti:..., c• r.-aT:::c~_-1_~ P%i.~o-i: ~ Pr~PERTY,
()7 PURSOi,Mf t9 71- 4, :;:i iii lstl.
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1 txCBl( q..13.T ::CJ~:T, ST. Lti..tE fA.r F1.A.~ ST,LtlC Ct111i1il:Flt,
ROGf~ POITR,*5
0.ERK CiRClAT COtlit
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~-t Itsereinafter referred to as the Mortgaged Property): and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
`,Dt 1 1~ and will defend the same against the lawful claims of all persons whomsoever-
' ! Daniel W & Ruth Shaw
J PROVIDED ALWAYS, that If ,the Makerlsl of that
[Insert Namelsl) t
r,',, •Ei•: -~-1) certain promissory note dated the date hereof ItheNotel,- their Heirs, legal representatives or assigns shall pay to Mortgagee
' c • ~ fit; 7, 605. IS ~ ~idenced b the Note, with interest and upon the terms as provided therein, the final
- the principal win of 5 Y
; ~~'f-i February 27 ,19 90 ,which Note provides that
I 1 i . ~ r maturity date of the Note and of this Mortgage being
7 gages, or at wch other Y 9
1~ all installments of principal and interest are payable a! the office of Mort place as the holder ma deli hate in
writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the t
~ - - ~ payment of the Note, and that if default be made in the payment of any installment thereunder and that it wch default ii not made
C'? ` ` good in accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable
v; ~ without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov-
gage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
' ' errant of the Note and of this Mort
~ in full force. Maker covenants to pay the Interest aril principal promptly when due. Mortgagor rnvenants to pay the taxes and assess-
~ ments on said property; to carry inwrance against fire on the building on said larxi for not less than S n~a . approved
by the Mortgagee, ilvith standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
building on said land m proper repair.
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~ This Mortgage shall secure not oMy existing indebtedness, but also wch future advances, whether wch advances are obligatory or
j t~ to be made at the option of Mortgagee, or otherwise, as are made within twenty 120) 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 not exceed at any
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~ r ~ U ' time the maximum pnnppal amount of S n a 'plus interest, and any disbursements made for the payment 1
~ ~ ~ i of taxes, levies, or inwrance, on the Mortgaged Property, wrth interest on wch disbursements. Any wch future advances, whether
•U IIII oblgatory or to be made at the option of the Mortyagee, or otherwise, may be made either poor to or after the due date of the Note or
Z , a i any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of secunng any and all indebtedness by the
. ~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum pnnclpal amount set forth in this
~ paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
~ Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
future advance clause.
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~ i Shouts any of the above covenants be broken then the Note and all moneys secured hereby shalt, without demand, d the
~ ~ Mortgagee, so elect, at once become due anti payable and this mortgaye may br foreclosed, end aii costs and expenses of co:lec.:on and
i ~ ~ ~ reasonable attorneys' fees, including 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 seine are hereby secured.
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_ ~ ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date (first above set forth.
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i Signed, sealed#nd delivered
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g ,n ou? presennn tt a^
(SEAL?
IM~tgagor)
)Mortgagor
~ 1
f STATE OF Florida
i COUNTY OF St. LU„Cs~~. 1
1 HEREBY.pf~i'F!~'1', taa~~^ thu day, before me. an officer duly authorized In the State aforesaid and m the County aforesaid
to rake ackno@1'tets~rs- sonau~~ aced Daniel W & Ruth Shaw to me known to be the person described
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in and who ei rid the for instf~0lr?ent end ~ ackn )edged before me that they executed the same.
4
WITNESS't~ ar1~r~, r~.6ee1ril_the County and State ast a resa\ his 26 day of Februa ,
A.D., 19 AA
1: Q. 1 ~ `
- lp-~ ; .
. r,~~~i_ !f{~; No.ary Public
r,,ri , My Commissan Expires:
NOTARY PUBLIC STA'E OF FLORIDA AT LAl~#
d~ p~~~~ .~M'YMCOARMiSS10N EXYIRF$ pK 19 1983 E.e.ut.whex
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