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HomeMy WebLinkAbout1349 • ~ ~cECT HOME IMPROVEMENT MORTGAGE 4~ ~3~ ~~o I r H FUTURE ADVANCE THIS MORTGAGE, made this .6th clay of ___._~~ttL A.D., 19 -~Q.- • between Gorden D. TgrrX an gp7pn Tarrv_ his nrlfg____-----___~-------------- u~n,fyagor? and The Sun Bank of St.__Lucie County IMorty.gee). (Name of Sun 8artki WITNESSETH, that Mortgagor, for arxi m consrderaUpn of the piemrses and rn order to secure the payment of the pnncrpal and rnterest on the note las herernalter defrnedl, Mortgagor hereby grants, assrgns transfers arxl mo?tgaryes to htonyagee, its successors and assrgns forever, the following described real property rn St. Lucie _T_ County, Florida, [o wet: Lot 18 and the Northeasterly 16 feet of Lot 19, Block 4$, of BILTMORE PARE, a Subdivision according to the Plat thereof on file in Plat Book 4 at page 52 of the Public Records of St. Lucie County, Florida. THIS IS A SECOND MORTGAGE ~leWD S a0.0~ 111 iAttYEffT OF TAXR OUE OM gJrtS ANOIaIE rEkSONAL PROPERTY, ~uY ~ I S r ! ~ Puaw~wr To c~uvrEe~~iPiiw'~isTS of wn. Jai ~ I~ 15 a~RU a~car couRT, aT. waE ca. Fu?.~!~ ' ~~EO ~ CIRCUIT CplNt'T ~ORR VERti1E0 ;.7 4'~1~490 (hereinaher referred to aS the Mortgaged Propertyl: arxf the Mortgagor does hereby tufty r:arrant the t;Ne to the Mortgageri Property ~ and w,+I defend the same a(ta,nst the lawful clams of ail persons whomsoever. PROV tDEO ALWAYS, rhat rf GOrdon D. br Helen M. Terry ,the Makerls) of that • ' llnser, Namelsll ' certain promissory note dated the date Hereof (the Notel, thier _ hens, legal representatives or assrgns shall pay to Mortgagee _ . ~ the principal sum of $ ~OaO~l3 24 as evidenced by the Note, w,th rnterest aril upon the terms as prov,deri therein, Yrte heal ; maturity date of the Note arks of this Mortgage being March 4, ig 9U ,which Note provides that all installments of pnnupal and rnterest are payable at the nfhce of Mortgagee, or at such other place as the holder may designate rn ` wasting, aril that each maker arxi endorser agree to pay all costs of coliectron, includ,ng a reasonable attorney's fee, upon default in the payment of the Note, seed that d default be made rn the payment of any installment thereunder and that'd such default s not made good m accordance wdh the *.erms of the Note, that the entree pnrtcipal sum aril accrued, earned interest shall become clue and payable " without notice at the option of the hokler thereof; aril shall perform and comply w,th each and every stgiulation, agreement and cov- _ errant of the Note a„d of this P,Aortctaye, th.-n th,s MortgJge and the estate heret)y Heated shall be void, otherwise the same shall remain rn `.ulf force. Maker covenants to pay the rnterest and prinapal promptly when due. Mortgagor covenants to pay the taxes arxi assess- merits On said property; to carry insurance a~),nst Lee on the bu~Wing on card lan<t for not less than S ,approved by the Murtyagee, wcth standard mortgage los: r}JUCe payable to Mortyager~, the pol,cy to be held by the MnrtyJgee and to keep the _ bu•icLng on said land rn proper rapJrT. Th,s fl~ortyage shall secure not only ex,st,ng :adrbtedr:ess, but also such future actvanns, whether such advances are ubl,yatory or to be rnaie at the option of fst!ortgJgee, o+ othersv•se^ as are m.,cfe within twenty 1201 years from the date hereof, to 'he lama extent as ~f such future advances were made o~ the date o! the execut,on Of the= Mortgage, bu: wch secured indebtrrriness shalt not exc~•erf at any _ tan,: the max,mum p. ~ncipal ar.,ount of $ plus rnterest, arxi any drstwrsemen» mach for the payment O of ~Jxes, lev~eS, ur insurance, on tht• Mortgaged Pronrr[y, w,ih ,Merest on wch disbursements. Any such luture advances, whether Otil:y;tnry or to be rrJde at the option of the. MortyageP, or otherwise, may he male either prior to or after the duP date of the Note or Q1 any othTrr notec Secured by the Mortgage. This htortyage •z y,ven for the spec,l,c purpose of xcurmq any aril Jtl indebtedness by the ~ lllar,w to A,1Grtgagee tbur .n no eve+:t shalt i`e se'curcd indebtedness exceed at an time the max,mum C; y pnnupat Jmount set forth rn this a pdrayraphl .n v.hatev?r manner ;n,S ,rkiebte<innss may b~• rv,tlr~ncetf Or rep:esenred, until th,z fLlortyagr a Satrshetl Of record A!I cove- ~ - rnnr,a,n.•rt ,n rh~c Mnr.aane: shall t)c' aupircable t0 alt further arfvdncr•s made by MOrtgdyee t0 Makrtr under this futon, .rdvence Cruse LJ 3 to W $nourd dnY Of lh.• .,bGVH Cnvrna nt5 be b•Okrn than the Nnle_ Jed :a'1 n:enr,ys sr•eured hereby shall, without de•marxi, J the ~ ".torty.tgrv. co ?!ecr, at one e become clue Jnri pavat)le and rhs mortgage may Ix^ foreclosa•r1, and all Costs and expenses of collection arxl ea;or,,~tre Jt:o•nevs' fees, .nctudutg cnsTs, etipe•nses aril r.•asonable attorneys' fees nn appeal, ,f collected by Irrilal prnceerimgs or - j, trr,o~ugh an att0-r'cy at 4a4. ;hall tie pdnl by tea +a:rk,•r, erxi the sJme are he,+•by Secured. - ~ !rL• ~'iiTNES WHEREOF, th•• !n•tc R tailor vx••cur-.f :h,s Rlurtyayfr as of the date f~.st atxiv.• sort iOrth c G $-4r"'r1, . (Pd end de rr1 ur r 2Sr'*}e - ~ ^ ~ , ' I J' - _ L(,C'.~. `-r ~~~i~f - - - - ~r SEAL) J (fSlgrtu:rgOr! l _ - - - - - ~ - - - - - -~-f _ _ fSEALI STATE of Florida I co~~rTY eF St. Lucie { (-!EF!_BY CERTIFY. !}~a;•~/'tj~11,4~ y. bE•tG'.• r^Q. J^ ,~f!~c,•r duty au:hnr~r~rf ,n tn•, Sr,te afnr,asawi r,nti rn th:• COUnty aforesaid i?• .l . _ :e••• ~tk^G:+~~!'n.3ment5., ¢flfsonaiiy ed _SrO~d.4II-~~_._~ A~~~r~1_M. Terry to m,. ~r,G:,r. to b+. ()s•,Spr, d,~SCr,hed r' ,,•u: v--. n,0 9xeCuted.thp fi114Q~;)nStrUm: ~'t;nd .---they----. JCknGV,lerlgeri tiefon• m,• rhat _th~j-- n~ _ ~~./Y~ x.cured the Samr•. W ITNES my 7arrtl a~oi~ .coal sl9f tlyg County .rift Siat...ast or.•sa~d m~S - -5th d„y of larch ~ J `w~ ? lV ary Pub`,[ ~ ~r~' Y~UBUC STATE OF FLOR1r 1 MY CO/~1M1SStOri EXDtFES ~A AT EARGE 60 t 4 000-7 Rev. 8/77 eONDE~ THRU GE. ~ 19 1 v d 3 a~a~r 327 ~~i~G4$ \El1A~ 1 _ _ • ~ ~ -