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Home My WebLink About2132 f DIRECT HOME IMPROVEMENT MORTGAGE ~3a~~a WITH FUTURE ADVANCE 4?781~4 ~ ? THIS MORTGAGE, made this 29th day of February A.D., 19 80 ,between' Franklin E. Staples ~ Marcia A. Staples: his t~rlfe IMortgagor? and ! Sun Bank of St. Lucie County IMortgagee?: lNameot Sun Bank) WITNESSETH, that Mortgagor, for and in consideration of the premises and in order [o secure the payment of the principal and interest on the rate (as hear^sfter dCfinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, ns successors and attigns forever, the following described real property m Sf, T-t1C{s' County, Fbrda, to wit: Lot 10, Block 456, .PORT ST. LUCIE SECTION 20, a subdivision, according to the plat thereof ! recorded in Plat Book 12, Page 49, of the ;=.:~r-~~ ~ Fi_.J~ public records of St. Lucie County, Florida: STATE °F )OCUMENTARv,v:- ~ SiAM~ ~ 18IS IS A SECOND MORTGAGE - ,E; i~F REVEYUE.= fi ~ I P.B _ , irl0? ~ 1 t i . ~ ~ ~0 e+.r;:a„rd s 1_L.- in Patymsnt of TfitOfM l OuE• On Class "C" it?tsnaiblo P~tsl h'Op~flY. • ~ . Pursuant To ChspRSr 71,1 S4, Aftls O# 1111. 9 ROGER PORRAS r~`~ a~i,.. ~ - Clerk Girton Court, Et. Lueie/. C0. Fla, 4'x'8104 t (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby lulls warrant the tale to the Mortgaged Property . arx! err?! deler+d ?ho camp aoamst the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that if ~ranlrlian E $tArle~ br MSICia A $tan~ Pa ,the Makerls) of that L 1lnsert Namelsll certain promissory note dated the date hereof (the Notel.~h{pT fseir5, legal representatives or assigns shall pay to Mortgagee rhv prinfiilal sum of S 10,860.6'1 as evidenced by the Note, with interest and upon the terms as provided therein, the firsal maturity date of the Note and of this Mortgage being Feb. 28, , tg 90 ,which Note provides that all instalments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in ling, and that each maker and endorser agree to pay alt costs of collection, including a reasonable attorney's fee, upon default in the t of the Note, and that if default be made in the payment of any installment thereunder and that if wch default K not made accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable ~ - notice at the option of the holder thereof; and shaft perform and comply wdh each and every stipulation, agreement and cov n the Note and of this Mortgage, then this Mortgage and the estate hereby created shau be void, otherwise the same shall remain ~f~ ~ orce Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- - - _ son said property; to carry insurance against fire on the building pn said (anti for not less than $ II~a ,approved _ y the Mortgagee, with standard mortgage loss clause payable to Mortgagee; the policy to be held by the Mortgagee and to keep the w ~it7ing on said land in proper repair, ~ ' Thr; Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are oblgatory 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 ~ rf wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceetf at any U QJ time the maximum principal arr.0unt of S A!g plus interest, and any dsbursements made for the payment of taxes, levies, or insurance, on the Mortgaged Property, with enterest on wch disbursements. Any wch tuture advances, whether U ~ obligatory or to txt made at the option of the Mortgagee, or otherwise, may be made either prior to or alter the due date of the Note or a any other notes secured by this Mortgage. This Mortgage rs given for the specific purpose of securing any and alt indebtedness by the ` Maker to Mortgagee fbut m no event shaft the secured indebted*.ess exceed at any time the maximum principal amount set forth in this _ +I' paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All ctwe- Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this w' .future advance clause. 1 3 O. _ O , - ~ x' Should any of the above covenants be broken .then the Note and all moneys secured hereby Shall, without demand, d the f = ~ Mnrroaoee, sn elect, at once become due zrxf payable and this mortgage may be fgreclosed, and al! costs and expenses of collection and ' i. - U reasonable attorneys" fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or t = ?hrough an attorney at law, shall be Daid by the Maker, and the same are hereby secured. '7 to IN iYITNESS WNf_REOF, the Mortgagor has execute' this Mortgage as of the date first above set forth. ~ ' Signed, sealed and de+nrered ~n our pre' ce~ ISEALI orLgagor ISEALI Ih ori9agor STATE OF glorid8 I ` i , COUNTY pF'' '~~i 1 , - HE n~• , ?i~ on this day, before me, an off,cer duly authonred in the State aforesaid and in the County aforesaid ro take ~n fprylty appeared Fr$IIk1iII b Marcia Staples to me known to be the perwn described .n and - e~hthe t ~ ~ instrument and ackntwvledged before ~e.that executed the same. ~ _ -BALI, t fiand~ •f I seal in the County and State 1 .aforesaid this 29th day of Februar . - dti r :~^iC `lcC~ tars Public 1~ SMITE Of FLORIDA AT ~ 4 1y Commission Exp,r~. ~ l;iOiIAMISSION E%PIRES DEC 19 1983 .trri~ ~ ~'~D Iwtu GEN:RAL lNS Ut~.RWRITERt a-sot4-ooo-~ Rev. sin 800K PAGE~e~