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DIRECT HOME IMPROVEMENT MORTGAGE 1800v~1
WITH FUTURE ADVANCE 4'78103 -
THIS "MORTGAGE, made this 29th day of ~b• A.O., 19$0 ,between'
Rex G. Cummi,nys and Rosaira T. Cummings, his wife (Mortgagor) and ~
Wit. Bank of St_ Luc~,e Cpyaty IMortgageel;
(Name of Sun Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and
• ,T;~UJI interest on the note las hereinafter definedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
l St. Lucie County
' a ;~l"'~ assgns forever, the following described real properly in County, Florida, to wit:
z:`~~ Lot 5, Block 3125, Port St. Lucie, Section 45, according to the
r" m n~
m.Z~~~ Plat thereof as recorded in Plat Book 16 at page 25 of the Public
o ~D f Records of St. Lucie County, Florida.
n•+~ ..1
n Subject to reservations, restrictions, easements and rights of way
~`,S --nr of record. Subject to mortgage from grantors herein to First Federal
. t~tr..,
r_~in i Savings and Loar? Association of Fort Pierce, Florida, dated April 30
rrt 4y 1973, recorded in Or Book 214, Paqe 211_ of the Aublic Records of St.
c7 Lucie County, Florida, in the original principal sum of $26,100.00,
-.l ~-r ~ which the grantees herein assume and agree to pay.
c~ ;~r~~
~i , y
X80 MAR - 4 P~ ~ ~ ~ Reo.lvefl : ~ M P.rfm.nt Of Talas
FILE I?NC ffGTUt~!)t ~ Due On Class •'C'• N1Tsr10tbts P~RO1N1 ~1'oOMI~•
. ~ S
Rp~~R PO
TRaff~ PursueM To Chapte? 7'1.130. ~ Of 1Y71.
c/ eIERK CIRCUIT CQttRT l~Of#It ~Of111As etc
6 ~
RE38R# YERtF1f0~..~ Clerk Ckcuil CourEr !t t~ItdR C0. R1.
4'x'8103
(hereinafter refer?ed to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and •rri:t dMer:d the same against th? lawtut claims of all persons whomsoever.
PROVIDED ALWAYS, that it Rc»r _ (`itmmi ngc anri AnSair~ m S.]~nsni nC~S.~. Sth~$@r1s) of that
(Insert Namelsll
certain promissory note dated the date hereof (the Notel, hens, legal representatives or assigns shall pay to Mortgagee
the principal sum of $ $,n2S _ 7() as evidenced by the Note, with interest arxd upon the t[e]rnms as provided therein, the final
maturity date of the Note and of This Mortgage being Fecb__~ 2g , 19 S_ ,which Note provides that
all installments. of principal aril interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
writing, and that each maker aril endorser agree to pay ail costs of collection, including a reasonable attorney's fee, upon default in the
payment of the Note, and that if default b~ made in the payment of any installment thereunder and that if wch default is not made
good in accordance with the terms of the Note, that the entire principal sum and accrued, earned interest shall become due and payable
without notice at the option of the holder'thereof; and shall perform and comply with each and every stipulation, agreement and cov-
enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
rn full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
ments on card property; to carry insurance against fire on the building on card land for not less than S .~],~a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
buikding on card land in proper repair.
This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or
to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 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 such secured indebtedness shall not exceed at any
5 ! G I Line the maximum principal amount of S n~a plus interest, and any disbursements made for the payment
:r! U of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch 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
3! ' any other notes secured by this Mortgage. This Mortgage rs given for the specific purpose of securing any and all indebtedness by the
? Maker to Mortgagee (but in no.event shall the secured indebtedness exceed at any time the maximum pnnapal amount set forth in this
;!..7 paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. Atl cove-
~ pants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
u: .
s?. ~ future advance clause.
O ; V!
W' Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, d the
a G ( f4!ortg>goe, v± eierr, ar nnre hecome due and oavabte and this mortgage may be foreclosed, and all costs and expenses of collection and
j ^I [ ~ reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceerdings or
~ i through an attorney at law, shall be paxl by the Maker, and the same are hereby secured.
Lei j -
? ~ 1N WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
s~ ~
r. i!] Sgned, sealed aril delivered
in o presence: . l
Gds!<G.~ll
jj,~~ ~'~T~'~~Q~~-- (SEAL
~ i ~iM Qrtg~Or: i
~ _ , L--,~G~"J~Z'Clr/ /-C-L~J`i .'s-c.~G%~f/J~SEAL)
lmsaira T. C1
S11ATE OF Florida )
COUNTY OF St. Lucie
r
t HERE6Y CERTIFY, ;hat on ih~s day, before me, an officer duly authonred m "(pe$tate:aforesaid and in the County affforesaid
to take acknowledgments, personalty appearedReX G. Cummings and Rosc~~ir; ',~r+~!i~~t~if ifielp rsondrees abed
the
rn and who executed the foregoing instrument and y acknowl~~ " h~ executed the same.
WIT my hand and ofhual seat rn the County and State la ward thif - '"'t~~["'r+,
A.D., 19 ~ : , t i. ~
MflTAR71 r~IIC STATE ~ Notary rc . ~ ~ ~ ;
fSSIOw aOR10~ AT lAaol My C miss xp •
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l~II ~iRK ~ OCT . 10 t1s2 ~
~ i~OfLWtI :~l (f ~ ~ :..:s
4.6014.0047 R9tr. 8/77 ~ A(l
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