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HomeMy WebLinkAbout2133 1 DIRECT HOME IMPROVEMENT MO~tTGAGE ~ ~ - ~3a ~ WITH FUTURE ADVANCE 4'7815 t THIS MORTGAGE, made this 29th day of February A D 19 80 ,between. Morris S Drawdy and Josephine L Drawdy, his wife (Mortgagor) and _ Sun Bank of St. Lucie County (Morlgageel: [ Name of $un Bank) WITNESSETH, that Mortgagor, for srtd ,n consideration of the premises and rn order to secure the payment of the prir?c,pal and interest on the note (as hereinafter definedi, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and suigns forever, the following described real property in St• Lucie County, Fbrida, to wit: Lot 14, Block 139, I•AKf'WOOD PARK UNIT NO. 11, according to the plat thereof as recorded in Plat Book 11, pages 32A through 32D of the public records of St. Lucie County, Florida. ST,~TE o~ FLC~1C.' , ~ ro'Z DJrUMENTARY~~=°° STAMt' ~ N ~rl= r: _ ,Iln2~ This is a Second Mortgage d ' (p nt OiYaxflls 1980 NAR -4 P11 ~ I 0 • P'Y11° , 1l~o.N?.d ,,,C„ Pfllnwf+al P!rop.ttl?. p"` Aas Ot 19x11• o P T Y. lA. Pwsus~ to CMp~ X1.134. ~ y~ ~~qqS p01TRAS /J c, I ~gdXM1 COINtT - LucN. Co•• Fls. ~V/ t, ~lED..., C{erft C~cuit Court. 4'78105 (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby tutly warrant the title to the Mortgaged Property and ::rt dtfe^d !!!e same against the lawful claims of all persons whomsoever, PROVIDED ALWAYS, that if Morris S & Josephine L Drawdy ,the Makerlsl of that [Insert Namelsl] j their ' certain promissory note dated the date hereof (the Notel, heirs, legal representatives or assigns shall pay to Mortgagee the prir•.cipaf sum of $ 1Cl~ 078 ~ 31 as evidenced by the Note, with interest and upon the terms as provded therein, the final rrwturity date of the Note and of this Mortgage befig March 1 t9 90 ,which Note provides that all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate 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 r payment of the Note, and that if default be made in the payment of any installment thereunder and that if such default is not made z good in accordance with the terms of the Note, ti~at the entire principal wm and accrued, earned interest sftall become due and payable w,thout not,ce at the option of the holder thereof; and shall perform and comply w,th each and every stipulation, agreement and cov- enant of the Note and of this Mortgage, then th,s Mortgage and the estate hereby crea[ed shat) be vod, otherwise the same shall remain 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 ,nsurance against tae on the bu,lding on said lard for not !ess than $ nIa ,approved by the Mortgagee, w,th standard mortgage toss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the bu,ld,ng on sad land in proper repair. Th,s Mortgage shalt secure not only ex,st,ng ,ndebtedness, but also such future advances, whether wch advances are obligatory or ~ to be made at the option of Mortgagee, or otherwise, as are made with,n twenty 1201 Years from the date hereof, to the same extent as ~ ,f wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any 5 O t,me the maximum principal amount of $ n~a plus interest, and any disbursements made for the payment U ~ of taxes, levees, or insurance, on the Mort Pro ert ~ gaged p y, with interest on wch disbursements- Any wch future advances, whether d ~ obligatory or to be made at the option of the Mortgagee, or otherwise, may lie made either prior to or after the due date of the Note or c ''i' any other notes secured by this Mortgage. This Mort ,s iven for the pose of securing any and all indebtedness by the U 9a9e 9 specific Pur a ~ Maker to Mortgagee (but m no event shalt the secured indebtedness exceed ai any time the maximum principal amount set forth in this a i paragraph) ,n whatever manner this indebtedness may be evidenced or rep.-esented, until this Mortgage a satisfied of record. All cove- nants and agreements conta,ned ,n this Mortgage shall be appLCable to all further advances made by Mortgagee to Maker under this ~ future advance clause. 1 O ! Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the ! kMO~+ganee, sn P:PCr, at once become due and payable and the mortgage may be foreclosed, and ae costs and expenses of collection and O x ~ reasonable attorneys' tees, including costs, expenses and reasonable attorneys' fees on appeal, ,f collected b t ~ y egal Proceedings Or - r0 through an attorney at law, shall be pad by the Maker, and the same are hereby secured. ~ ls1 ~ I C` R ; !N WITNESS WHEREOF, the Mortgagor has executed the Mortgage as of the date first above set forth. ~ - ! Sgned, sealed and del,vered ,n our rice: ~ ' (SEAL) t Mortgagor) (SEAL) !Mortgagor 1 i STATE OF Florida I ~ COUNTY OF St. Lucie I HEREBY CERTIFY, tE+at on this day, be!ose me an officer duly avthor,zed ,n the State aforesad and ,n the County afOresad to rake acknowledgments, perst)nalt ~ Mods S & Josephine L Drawdy Y aPP~l~ r to me known to be the person described +n and who executed the foregoing .nstnlrtker?t they acknowledged before me that they ex~uted the same. f~ 29th February WITNESS my hand and ~tcral st~,q the County arsd State last resa~d the day of r AO.,t9~_. t No y Public NO?ARY iUBUC STATE pF FLORIDA AT lJ1RGd M Commssron Ezpn eIKY C01/,MISSION EXPIRES DEC 19 1983 BOt~DFG TWJcU GEt,IERAI INS U.'~tDERWRITERS ~ a-6014-000-7Rev.sm t~~~ E.K.~,~,....n.