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HomeMy WebLinkAbout2598 . ' MORTGAGE 4~~ ~3 ~ s ~ ~ ~ , THIS MORTGAGE, made this 4th ~Y of Hatch A.O., f9 80 .between James H. Blanton_ Joined. by Betty L. Blanton, his wifee" . tatortgag«1 and Sun Bonk o~ St . Lucie County IMortgegeel: INsme of Sun 8ank1 WITNESSETH, that M«tgagor, 1« and M consideration of tM premises and in order to secure the payment of tM prrrtcipal aril rriletest On tM nOle tai herHMller definedl, Mortgsg« hereby grants. asspns trsnslers and m«tgaget to M«tgagee, its success«s and assigrit forever, the following described real property in St . Lucie County, Fb?ida, to wit: The South ~ of the South 328 feet of the North 688 feet of the Southeast tx of the Southeast is of Section 5, Township 36 South, Range 40 East, Less the East 855 feet thereoflying and being in St. Lucie County, Florida, AND less and excepting therefrom all riy;tLx vi for public roads and drainage canals and subject to easements for telephone and telegraph lines. (This is a Second Mortgage.) ~ i a / r a ~ 1980 MAR -6 AM iQ 31 OR ~ fi't' ~TAMMS ~TMr D PEr A. i5 Pv~ io aw__ ~a r-ak ~s ~ wn. , ~ wee ~t U~, pelt ~i 1~R R ~ Mre 11~ r AEgiU YERNrffD ;ill _5~; 4'~3~ m •'T~ {;L r~ j~i l (hereinafter referred to ss the M«t9apsd Propertyl: and tM Mortypor does hereby fully warrant tM title to tM M«tgaped Property ~ ~ :e ' and will defend tM same against tM lawful claims of all persons whomsoever. ~`ii; James H.. Blanton and Betty L. Blanton _ , PROVIDED ALWAYS. that i/ . tM Mskerl:) of tl+at . .:,1 hrisert Namelsl) _ F ~ ~ . ~ . grain promissory note dated the riaa hereof ltM Nael, their Min, fagot repressntstives or assigns shall pay to M«tgtrgee 6 064.28 1~ ' tM principal sum of = r as evidenced by tM Note, with interest and upon tM terms as providd therein, tM firsal 't-~`_ ~ ~ ~ ; maturity date of tM Note and of this Mortgpe being M a X e h 3 , 19 9 ~ which N«e provides that ~D - all installments of principal and interest an payable at tM office of M«tgagsa, or M such other plea as tM holder may designate in _ ! ~ writing, arsd that eatit nteker and endorser agree to pay all costs of cotlaetion, indradirq a reasonabN aft«ney's fee, upon dtfsWt in tM .r - payment of tM Note, aril that if default be made in tM payment of any instalknant thereunder and that if such delwlt is not made i goad n accordance with iM terms of tM Note, that tM entire pr incipal sum and etxrutd, Mined interest sftall become dtre and payabM -a ~ without notice at tM option of tM balder thereof; and shall perform and comply with eaM and every stipulation, agreement aril t:ov- errant of tM Note and of this Mortgage, then this M«igage and tM estate hereby created shall be void, otherwise tM same shelf remain in full force. Maker covenants to pay the interest aril principal promptly when due. Mortgagor ooverwnts to pay 1M taxes aril asssu- rritnts on sad Property: to carry insurance against tie on tM buiWirig on said land f« not less than S N/~ ,approved by the M«tgsgee, with sta,dard mortgage loss clause payable to Mortgagee, tM policy to be Mki by tM Mortgagee and to keep tM j buikfing on said land in props repair. - i This Mortgage sMll secure not only existing erdebtedness, but also web future advances, whether such advances are oblgatory « { to be made st the option of Mortgagee, « otherwise, ss are made within twenty 1201 Years from tM date hereof, to tM same extent as j i( such future advances were made on tM date oft Ner}A lion of this Mortgage, but such secured irdebtrdriess shall not exceed at any E ~ ~ time tM nlarrimum principal amount of = ~ plus interest, and any disbursements made t« tM payment ~ of taxes, levies, « inwrsnce, orr tM M«tgaped Property, with interest on such disburssmants. Any such future advances, whether - obligatory or to be•made, at )he option of tM M«tgsgee, or otherwise, may be made either pri« to or after the due date of tM Note « t any other notes secured by this Mortgage. This Mortgage is given f« tM specific purpose Of securirig any and all indebtedness by tM Maker to M«tgagce (but rn no event sMll tM secured indebtedness exiled at any time the msxwnum principal amount set forth in the z paragraph) in whatever manner the indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. Aq cove- ~ nsnts and agreements contained in this Mortgage shsl! be applicable to all further advances made by Mortgagee to Maker under thb _ ~ future advance clwse. Should any of the above coveriants be broken then the Note and all moneys secured hereby shall, without demand, i1 tM Mortgagee, so fleet, at once become due and payable aM this m«tgage may be 1«edosed, aril all Costs and expenses of collection and ~ reasonable attorrieYs' fees, inclirdrrig costs, expenses and reasonable attorneys' lees on appeal, it collected by legal protrxdings or = through an attorney at law, shall be paid by the Maker, and tM same are hereby severed. IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage ss o1 tM date first above set forth. t n z Signed, and delivered - in our pr e: (SEAL) - rtgsg«I ` ~ ISEAL) IM«tgsgor 1 STATE OF Florida I ~ 1 g COUNTY OF S t ' ~ ~utilfw*rMr?~^~4,~` 1 # I HEREBY CERT~, t~ on Wy" bjlore me, an otlirxr duly wthorr:ed in the State aforesaid and in the County of«esaid ~ . •~,Tames H. Blanton & to take scknowladgrn~~i1i,pa~sq~y~ppNlr~ = to me known to be tM persondesaibed e y an on in and who executecttfig'~ ~ rag inset ~ M~rf * 1, p;C acknowledged before me that t h ~i~veted tM same. March WITNESS my lip_ ~and~Nicial s~q1 i~tbe C~41nty and Sut! last atOresaid thK 4th ~y of , • '•/C~ AS Cary Public ~ ~Y PUdI}C 51kTE OF FLOIIDA AT L1t~ 3 'rn,,,r~ij;,,~,,: • yCommissionEx r COMMISSION E~cPIRfS DfC 19 1983 ~ ; 1~p14-0Oa~Aae.D/!>• gONDE~ THRU GENiiJ,l INS UNDzRViRETERSr~ ~ ervfn. pl(:~ ~