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DIRECT HOME IMPROVEMENT MORTGAGE 'Q/~~` }
:PITH FUTURE ADVANCE ~ile V =V~ ~
THIS MORTGAGE, made thi: 28th day of February A.D., 19 80 .between ;
i
F H Klueu>Delber~, Jr. and Sharon Kluenpelberg, his wife (Mortgagor) and
Sun Bank of St Lucie County IMortgageel:
[Name of $un Bank1 '
WITNESSETH, that Mortgagor, for and in consrderaUOn of the premises and m order to secure the payment of the pnnc,pal and
interest on the note las heremaher definedl, Mortgagor hereby grants, assigns uansiers and mortgages to Mortgagee, its successors and
assrgns forever, the following described real property in .St Lucie County, Fbrda, to wit:
West 1/3 of all combined Lots 20, 21, 22 and 23, Block 3;
Wagner Subdivision, as recorded in Plat Book 9, page 74,
of the Public Records of St Lucie County, Florida,
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(hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property s
and will defend the same against the lawful claims of all persons whomsoever.
ti~`e+, E H Klueppelberg, Jr, and Sharon Kluep~e~a~er s ~f that ~
PROVIDED ALWAYS, that if
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- / certain promissory note dated the date hereof (the Note, their MKS, legal representatives or assigns shall pay to Mortgagee r
the principal sum of S 10.043.24 as evidenced by the Note, with interest and upon the terms as provided therein, the final
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' maturity date of the Note and of this Mortgage being FebruarX 28 , ; 19 ..J_S!- ,which Note provides that
. ' T ; ~ ~ aft installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the hokter 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
- _ - _ ° _ payment of the Note, and that if default be made in the payment of any installment thereunder and that ii wch default is not made
. : t; good in accordance with the terms of the Note, that the entire principal wm and acerurd, earned interest shall become due and payable
without notice at the option of the holder thereof; and shall pertorm and comply with each and every stipulation, agreement and cov-
i Z ( errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shalt remain
in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
_C,~ (Hants on said property; to carry insurance against fire on the buikfing on said land for not less than S N~A ,approved
i -'l~ % by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the t
buckling on said land in proper repair. i
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 1201 years from the date hereof, to the same extent as
V if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any ~
_ trme the maximum principal amount of S N ~A plus interest, and any disbursements made for the payment =
of taxes, levies, or inwrance, 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 alter the due date of the Note or
c 1 any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
4 Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this
v1t paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
~ Hants asd agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
future advance clause- -
z ~ ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, ii the
Mortgagee, so elect, at once become due and payable and thismortgagz may be foreclosed, and all costs and expenses of collection and
~ reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees en appeal, if collected by legal proceedings or
r~ f through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
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~ i IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
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Sgned, sealed and delivered
in our pre nce:
tLtJ ALI
1 1 , ~ _ _ E . luep
EAL)
Sharon Kluere~ir~rg
STATE OF Florida ? 1
1
COUNTY OF St Lucie ~
1 HEREBY CERTIFY, that on this day, before me, an officer duly atariio~u~ed in the State aforesad and m the County aforesaid ~
to take acknowledgments; personally appeared r • ' me ~ewn~4 be the persondesAibed
lt~ier
in and who executed the foregoing instrument and the •.•`f~ ,'.fpre me tha executed the same. i
WITI~SS my hand and otfiual seal ~n the County and Sta ttl day of February i
A.D., 19 jSV - 4" ~ '
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