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HomeMy WebLinkAbout1927 OU~~c uIRECT HOME IMPROVEMENT MORTGAGE ~ ~ ~ ~ tvtTH FUTURE ADVANCE 4'79828 TNIS MORTGAGE, made th,s __~th-_ day of Mar~____.-~--___~___. - A O . 19 $Q__ , between' Frederick- W.~Jones and_Caro Il_I~_,1Qn~,hi;~~rife _ fMortyayorf and Sun Bank 2f S~ L~_~5~~ - - - fMort 4a9~1: INameof Sun Bank) YYITNESSETH, that Mortgagor, for a+xl rn cons,derauon of the premises arW rn order to secwe the paymem o) the pnncrpal and rnterest on the note (as hereinafter defrnedl, Mortyayor hereby g+anls, assigns Transfers and mortgages to Mortgagee, rts successors aril assigns forever, the fouowmg described real property rn S~_~u~1~__~_-____._______- County, Ftorda, town: r Lot S, Block 2 of Quail Acres, a subdivision recorded in Plat Book 18, page 1, of the Public Records of St. Lucie County, Florida } 4'7982bi ~cavjj:o s a i~ i»t Psi or texts o.E os cues ~ a~TU,s;a~ P:>~so!~:.t P :o~t:~TY, 1980 MAR 18 AK ~ 56 r 35 PUASWWT ?0 CIIIWTE!>! 71-124r 1.~TS Of H70. ROt~R POIiRAS AIfC >wE CO~ED CirEp~ ORCNi CWRT, tL WGE CO. f1rll~jyl) ' CAIMTY.FIA. ' . • _ taRttllT COttlt >~~vn~~n._.__ (treremalter referred to as the Mortgaged Prope'rtyl. and the Mortgagor does hereby iully warrant the rule to the Mortgaged Property and wrri deferxl the same against the lavful ctarms nl all persons whomsoever. • f PROVIDED ALWAYS, that rf Frederick W_ car C'_arn7rn T Tnnca___,theMakertsloFthat • Ilnsert Namelsll ceria,n p+omrssory note dated the dare hereof Ithe Note) th@lr _ hc,rs, rega+ representatives or ass,yrrs zhall pay to Mortgagee the pnnupal sum of $ 10 ~ 86~ • 62 as evidenced by the Note, wuh ,nterest aril upon the terms as provided therein, the final maturity date of the Note and of the Mortgage br:eng March 13th le 9O , which Note provides that - all rnstallments of pnnupal and rnterest are payable at the office of Mrrtgagee, or at wch other place as the holder may designate m carding, and that each maker and endorser agree to pay alt costs of collection, mdudrny a reasonable attorney's fee, upon default m the payment of the Note, and that rf default be made m the payment of any rnstatlment thereurxier and that ri such default rs not made - good in accordance with the terms o.l the Note, chat the enure pr rncrpal vim and accrued, earned rnterest shall become due and payable without notice at the option of the hokfer thereof, arxf shall perform and comply wrth each ancf every suputation, agreement ancf cor•- - errant of the Note and of rhs lllortgagr, then ihrs Mortgage ant the estate heret.y created shall be void, otherwise the same shalt remain _ rn tuft force. Maker covenants to pay the ,nterest and pnnupal promptly whrrn due. Mortgagor covenants to pay the taxes and assess- ments on sa,d property, to carry rnsurance against f,re on the twrkfing on card land for nut less than $ n/a ,approved by the Mortgagee, w,th standard mortgage loss clause payable to Mortgagee, the pohcv to be held by the Mortgagee and to keep the hu:klrng on card land ,n proper repair. Th,s Mortgage Shari secure not only exrsrmq mdebterlness, but atso such futwe advances, whether such advance; are obfrgatory or rc be tirade ar the option of Mortgagee, or othrrrnse, as are made car;hrn twenty 120) years from the date hereof, to the same extent as ~f wch future advances were made on the date of the execution of rhrs Mortgaye, but such secured indebtedness shall not exceed at any _ ~ time thv_ maximum prrnGpal amount of 5 __n a _ plus rnterest, arKl any d,sbursements made for the payment of taxes, iev,es, o* rnsurance, cn the hlortyaged Property, wuh rnterest on wch disbursements. Any such future advances, whether _ Obt,yatory or ro be m,x1o at the opt,on of the Mortyagee, or otherwise, may be made either poor to or after the due date of the Note or ,any other notes secured by rhrs Mortyaye. This Mo:tgage rs given for the speYif,c purpose of securing any and all rndebtedness by the - hake: to Mortgagee (but m nn event shall the secured rndebtecfness exceec: at any lime the ma,c~mum pnnupal amount set forth nr th+s = parayr3phf ,n whatever manrn, the rnt/ebredness may be ev,dencecf or rep:eSented, untrt ihs Mortyage iz sanst,ect of record. Alt cove- - I Hants and ;igreements [Onta,ned ,n this hSortyaUe shat! be apphcalrle t0 all further :xlvances madr> by Morlq:fgFF• t0 I`Aaker under tha future atfvanC@ Clause. $hnuld any of ;h,> above crvr>nanrs t,tr broken then the Nnte and all moneys secured hereby shall, without demand, if the 'Jo: tyagre, so eleC+, at once beco:nt• due and nayabte and rhrs mortyage may t>e fo,t>clostd, anti all costs a~uf expenses Of rottecr,un aril -rasunal,re atto•n?yc' fees, ,nciud:ng casts, ,•xpenses anf reasonable attorneys' fees on appea', colfer_ted by legal proceerirnys ar - ~ tn.0uyn an after Hey at raw. shall b" p.r,d by the Maker, anf thee Same arP here>by SE'CUrec1. IN LYITNESS WHEREOF, c':.• !!nrtyayor h,t;••x.~cu-~d rhrs hlortyaye as of the date fast atx+ve ;e; forth S yn•>d, sear~tl ancf r;c•we,•>d jC - ~1~:"_y-:~~_>f..; r - /l k_ t t.~ ti-_'l:c'~c 1'~~-!- ~ tsEaE? -t - - - 1/ ~ Fr erick/ Inloirgago,) Jones arO yn thlart:i~ya+, ones STATE OF Florida f COUNTY OF St. Lucie ; 4. 1 HEREBY CERTIFY. +nae on ih•s;fay• r~~•'ore me, .r, off~u•r duiv authonreKf .n m.~ $rat•• afpresd;<S.~~nitr6r-O~ti(ti~r aforesaxl •o tike ~~k~~:ti:~-d~m~~is. l~e•,on,r~., a„u~a,.~} _F_rte~_d_ erick and Carolyn .r, mr- t~,a~^~~c~tihe P~Jtrdefcrrbed .n „nU ah0 ~xeCUie!f ;h., }Or.>. ~nq J. ! .,ndtll Jones y _.)a mot, r n.•n .,cknowi~dgrKf i><>turt• m.• th e d!E(~~'! ~cecu~d tf~semP. WfTtyE~SOmy hard Off ;,ar , n •ne _ 14th. ll~GOf l~ County r,rr} $1 vfOr.',,;•d ihr; _ A D . tg - NN c ~~~'••1~.- ' r - NOtarv Pubnc ~1{ F,ly Comm,ss,on Expires 327 P.cF f+Oi - RY ~ _ a~ ; C i : A ~ E FIOi tDA AT LAR(* 4-6014-000-7 Rev. 8/77 ~'f ~'-~'~~~i:.~,. _~r:!.ES ~fPf th lia9 L ~ ~ ~ viz ~ -