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. ~.?10RTGAGE Q~~52 ~i~~ ~
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THIS MORTGAG ,made this 22nd day of February A.O., 19 80 , betv?eert j
Richard Crosby and Janet Crosby,. His Wife _ (Mortgagor) and
Sun Bank of St. Lucie County, Ft. Pierce, Fla. 33450 IMortgageel:
(Name of Sun Bankl
WITNESSETH, that Mortgagor, for a-td in cansideratsan of the premises and ,n order to secure the payment of the p+intipal and
interest on the note (as hereinafter detiriedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
assigns forever, the following described real property in St. LUCle County, Fbrda, to wit:
Lot 7, and the North Half (N~) of Lot 8, Block 35, Indian River Estates,
Unit Four, .according to the Plat thereof recorded in Plat Book 10, page 49, j
of the Public Records of St. Lucie .County, Florida.
Subject to: Restrictions, Reservations, Easements and Covenants of Record.
14iis is a second mortgage.
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MIRSDAIIT TO CFA ;PT_ 71•:~~r R:TS OF 1171. t iIEO AkQ Ft C(1RDF D
IcC~ PuQ.:AS SLIUCIF C!}iIHTY.FIR.
, ROGER POITRAS
t~ Ct,TtCi1tT COtla7l. SL L1ii~E CO,. • CLERK CIRCUIT COUR -Q
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! z;DRI (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and will defend the same against the lawful claims of all ersons whomsoever. ,
~i'~ ~ Richard Ci^osby and Janet Crosby, His Wife
- ~ , PROVIOEO ALWAYS, that if _ _ - _ ,the Maker(s) of that !
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certain promKSOry note ~e~tJtg-~/hereof (the Note), heirs, 1¢gal representatives or assigns shall pay to Mortgagee
- !~-~1 the principal sum of S s bb~U as evidenced by-the Note, with interest and upon the terms as provided therein, the final
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N , maturity date of the Note and of this Mortgage being Feb. 23 , fg 90 ,which Note provides that
i3 Ta..1~ all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
fV ~ writi
rig, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's tee, upon default in the
U, --r! payment of the Note, arxf that if default be made in the payment of any installment thereunder and that if wch default is not made
T. ' good in accordance with the terms of the Note; that the entire principal wm and accrued, earned interest shall betiome due and payable
i ~ 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 shalt remain
` ~ ' errant of the Note and of this Mort
in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
' merits on said property; to carry insurance against tre on the building on said land for not less than s n~a ,approved
by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
buikfirg on said land in proper repair.
~ This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are obligatory or
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
U if wch future advances were made on the date of trye execution of this Mortgage, but wch secured indebtedness shall not exceed at any
? ~ tame the maximum principal amount of s n a plus interest, and any disbursements made for the payment
s
~ i,~ I of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
T ~ U I 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
C ~ ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
gages Ibut in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth M this
2 Maker to Mort
a i paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage K satisfied of record. All cove-
~C/; pants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under fhb
~ future advance clause.
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z `~',x } Should any of the above covenants be broken then the Note and alt moneys secured hereby shall, without demand, ii the
Mortgagee, so elect, at once become due and payable and this'mortgage may be foreclosed, and all costs and expenses of colleci~on and
j ~ reasonable attorneys' tees, 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 same are hereby secured.
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to IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
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in o r rice
ISEALI
C ~ (Mart r) by Z
ISEALI
(Mortgagor)
E - Janet Crosby
i STATE OF FlOrlda 1
1
COUNTY OF St- LUCle l
rtiraarnrri~rr.
1 HEREBY CERTIFY, tl~af,~~h~day,lSleJ,ore me, an officer-duly authoNzed in the State aforesad and m the County aforesaid
to take acknowledgments, perlkAal ~ 'Richard and Janet Crosby
fy'appOfred'i;~ = to me known to be the person described
in and who executed the lore9pilt() ~tfyr~ter?t~rtd iht~ acknowledged~gforg me that t_-h~
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to the same.
WITN1,~$ my-hand arN_ of(icitrf seal in tfte County and State I st of e~id this n day of I' ty ry ,
A.O., 1f3 88 VV _
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~•,1?.-,~ Notary Public
_ ~ ~ My Commission Expires:
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