HomeMy WebLinkAbout0976 DIRECT HOME IMPROVEMENT MORTGAGE " ~oO3~'~
WITH FUTURE ADVANCE4t~1O6fl N
THIS MORTGAGE, made this _ ZI.St day of ~rGh A.D., 19 80 ,between
Darrell Lynn Peters and Sandra Peters, his wife (Mortgagor) and
S~ BaI]~C Of St LuC~.@ ODi)iilt)/ IMortgageel:
(Name of Sun Bankl
WITNESSETH, that Mortgagor, for ancf rn cdns~derat~on of the premises and rn order to secure the payment of the prrnc~pal and
interest on the note las hereinaher detinedl, Mortgagor hereby grants, aurgns vanslers and mortgages to Mortgagee, its successors and
assigns forever, the lollow~ng described real property in $t Lucie County, Fbrrda, to wit:
Lot 4 Block 133 of PORT ST LUCIE SECTION 27, a Subdivision
according to the Plat thereof, recorded in Plat Book 14,
Page S, of the Public Records of St. Lucie County, Florida.
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_ NI PRYMEIR OF Tlt~
OUE Oy CIASS 'C' 1'.!T!!:6 SLE P' ROYAL PROPERTY. ~OU t;1~p G'~ F~1 1L' 31
9 q~ PtlRS'J1.Mi TO LHaPT~~ n-:_~. ACTS Of tfn W 11Ni~
• CL~ OiRCINi COiWTO iL tA~E ~ µ 4 ~ E01?NO ~E cgll[If 0
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-J: Ihererrwfter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and wul defend the same against the lawful claims of all persons whomsoever- ~
- - ~ . ' PROVIDED ALWAYS, that if DarY+ell Lynn PetE'YS c~21~ $dl~rd Pet@rS ,the Makerls) of that }
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certain promissory note dated the date hereof (the Notel, their heirs, legal represeniaaves or assgns shall pay to Mortgagee
the principal sum of S~ 6z 5.94 ~ evidenced by the Note, with interest and upon the terms as provided therein, the final
_ maturity date of the Note and of this Mortgage being 21• , 19 90 ,which Note provxfes that
all installments of principal and interest are payable at the office of Mort
gages, or at wch other place as the holder may designate in
writing, and that each maker and endorser agree to pay all costs of coltectiori, including a reasonable attorney's fee, upon default m 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
good in aceordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable
C~ _ without notice at the option of the pokier thereof; and shall perform and comply with each and every stipulation, agreement and cov-
Gr~ _ errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
r in full force- Maker covenants to pay the interest and principal p?omptly when due- Mortgagor covenants to pay the taxes and assess-
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menu on said property; to carry insurance against fire on the building on said land for not less than $ N/A ,approved
r _ by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the polx;y to be held by the Mortgagee and to keep the
III ~ building on said land mproper-repair. -
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This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are ol;lgatory or
to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 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 wch secured indebtedness shall not exceed at any
~ ~ time the maximum principal arcount of 5 N~A plus interest, and any disbursements made for the payment
~I W of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
~ oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or
! L _ .any other notes secured by this Mortgage. Tnrs Mortgage is given-for the specrfic purpose of securing any and all rrxiebtedness by the i
I Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum prinapal amount set forth in this `
paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage s satisfied of record. All cove-
n ~ Hants and agreements contained m this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~
~ N: j , future advance clause-
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z Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, rt the
g ~ i ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
-V ~ reasonable attorneys tees, including costs, expenses and reasonable attorneys tees on appeal, d collected by legal proceedings or
r ( through an attorney at law, shalt be paid by the Maker, and the same are hereby secured.
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IN WITNESS WHEREOF, the Mortgagor has execured this Mortgage as of the date first above set forth.
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Sgned sealed and delnered -
~n our resents:
~ ~ ISEAL)
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~o ~ ~ ~~LEAL)
(Mortgagor l
r` Sandra Peters
STATE OF ~'jpjtjjye~ 1
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I COUNTY OF $Z'. ~ 1 ; - t
~ 1 HEREBY CERTIFY, that on this day, before me, an_o'1~e ,Y~zed m~+ 'th~e
S~tate aforesaid and m the County aforesaid
' to take acknowledgments, personally aPpPar 1 Shcldra p
eo~-~ xx Tb fi~~~},~tobe the person described
in arul who executed the foregoing instrument and ~~tnoeil~ged before me that executed the same- -
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WIT SS my hand and otirual seal ~n the County;a latx ~this 2~t day of I"~~
~u~~ fitnrssro Expues:
~[R s-':~lr° *I'OTAR7 Prl(IUC STATT rl{ {LQRIOa Al LARD
R hl* L~rMtn.Siltxa tAY/RfS OEi. r tVyi
~ 4-6014-000-7 Rev. 8/77 BQ~~~v Pd~E
1[~,U t+E1~EAAl. WS . tf4rbi4~/fitiFRS
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