HomeMy WebLinkAbout0977 ' 0035
CrIRECT HOME IMPROVEMENT MORTGAGE ~
1rYITH FUTURE ADVANCE w
THIS MORTGAGE, made this 25th daY of ~rCh . , A.D., 19 80 ,between
Arll>~rt r._ Allis Sri_~~atrlcia Allex, his wife lMor[gagorl and
~m Aarlk of St Lucie OOUt1tY IMortgageel:
(Name of Sun Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and
interest on the note las hereinaher definedl, Mongagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
assigns forever, the fa!!a:•ring drscrrbtd :ca! p:opriy in St Lucie - County, Fl+rirfa, to wit:
Part of Tracts 1 & 2 of S~irora Heights Stiibdivision as recorded in Plat
Boole 7, Page 14, of the public records of St Lucie Oauity, Florida,
being more particularly described as follows : from southeast corner
of said-Tract 1, r~ w!~t 171 feet to point of beginning, thence
cantinas west 82 feet, thence on an angle of 108` 5ti' 30" as measured
from east t_o north run nortla~aesterly 127.38 feet, the=x:e on an angle
of 710 03' 30" as measured from south to east, rLm east parallel
with south line of said Tract 1, 84 feet, thr~nee run southeasterly 126.75
feet to point ~f beginning,
. RECEIVED i~ M PAYMENT Of TAB ~j.
)1.55 PURSUANT TO CH
iE~7t-Bt'4.PACTS OF 1R~RTM• ~Q ~ 27 PK ~L' 3
R06ER p01TiAS
CLERK CIRCUIT COURT. ST, IUCE CO. P~II ~ RLEO AHO PEg(lAD{-0 -
ST.LUCIE COUNTY.fLLA.
. . ~ ^ ROGER POITRA5
. _ q.ERK CIRCUIT CO!!Rj /J
~ECCM ~'ERI~tE~-~_-~
4~~061
- ;-r; (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the atle to the Mortgaged Property
and will defend the same against the lawful claims of all persons whomsoever.
_ ~ ~ PROVIDED ALWAYS, that if L• Al1G~y? `Sr• and Patricia Alley ,the Makerlsl of that
_ Y (loser! N1.irrielcll
certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagor
1 ~ the principal sum of S 3, 686.83 as evidenced by the Note, with interest and upon the terms as provided therein, the final
. -r_ .
. maturity date of the Note and of this Mortgage being 24 • , 19 86 ,which Note provides that
all installments of principal and interest are payable at the office of Mpri
gages, or at wch other place as the holder may designate in
- =1 _ writing, and that each maker and. endorser agree to pay all costs of collection, including a reasonable attorney's tee, upon default in the
r ~ ~ payment of the Note, and that if default be made in the payment of any installment thereunder and that ii wch default. iz not made
: , ~ good in accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable
• without notice at the option of the holder thereof; and shall perform and comply with each aril every stipulation, agreement and cov-
errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain
in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
•~n
menu on said property; to carry insurance against fire on the building on sad land for not less than $ J A ,approved
ill - ' by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the '
err building on said land in proper repair.
i
~ Y 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 120) Years from the date hereof, to the same extent as
i if 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 amount of S N/A plus interest, and any disbursements made for the payment
j ~ ~ of taxes, levies, or insurance, 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 after the due date of the Note or
C any other notes secured by this Mortgage. This Mortgage K given for the specific purpose of securing any and all indebtedness by the
~ Maker to Mortgagee that in rto event sl?atl the secured indebtedness exceed at any time the maximum principal amount set forth in this
~ r ra h) in whatever manner this indebtedness ma be evdenced or r
i ~ pa ag p y epresented, until this Mortgage is satistied of Yecord. All cove-
p , Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
1 future advance clause, r,
~ ~
r i
Should any of the above covenants be broken then the Note and 'all moneys secured hereby shall, without demand, if the
Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
1 ~
y ~ ~ reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appal, rf collected by legal proceedings or
~ ~ ( through an attorney at 18w, shall be paid by the Maker, and the same are hereby secured.
z r,
c3! I IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set to+th.
- C!) ~
~ ~ Sgned, sealed and delivered
i our presence:
1 (SEAL)
I A OrtpaOp .
I ~i • , Jr
r ~ v i ~ (SEALI
I Patricia AIle~IMortgagor)
i
~ STATE OF Florida
1
COUNTY OF St Lucie )
i 1 HEREBY CERTIFY, that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid
I ~ - Rd~ert L. All and Patricia nn~~ pp~~
~ to take acknowledgments, pr~on~l4r~~apred ~ To?f1'It~7sdwn to be the person destrrbed
in and who executed jHY+~f~going inst(urEiEnt and t•'~' acknowledged before me that `+"'Z executed the same.
t
WITAI~SS my ttat~~a,/fdoffic~l~a1•irr,~he County and State last aforesaid this 25~• da of I~r~'1 ,
A.D., t9 ASS • = s ~ ~ 11 4 : ,
i `v'i ~ , Notary ubhc
:.ti 3`~-
1 . L .v, My Commission ExpireOs:``R f L :'!-I 5 ' T: ;i. FLC'. tJA AT 14R~
4-6014-000.7 Rev. 8/77 ? - - a~ 3~ PAGE 9`77 , ` _ ~ f ~ ' E i `=S R1' R I6 148)
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