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DIRECT HOME IMPROVEMENT MORTGAGE
wtTH FUTURE ADVANCE A p~h~.~
THIS MORTGAGE, made this 21 ~y of March `!C7 (J~ A.D., 19 8O ,between'
John R. Chesnard and Margaret (~esnard, His Wife (Mortgagor) and
Sun Bank of St. Lucie County (Mortgagee?:
(Name of Sun Bankl
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 hereinafter definedl, Mortgagor hereby grants, assigns [ransfers and mortgages io Mortgagee, its successors and
assigns forever, the following described real property in ~t I,jlrle County, Florida, to wit:
Lot 7 Block 205 of South Port St. Lucie Unit 15, a Subdivision
according to the Plat thereof, recorded in Plat Book 16, Page 42,
of the Public Records of ,St. Lucie County, Florida.
I
This is a Second trlortgage
~ PAYNEMT of TAxES q80 MAR 27 PN 12~ 31
t2ECE1YED =
Dt?f ON CtrSS 'C' IYTAt16'f3LE PEP.SOttAL PROPERTYs
S PURSUANi TO CNAPT'_R 71-1~4. ACTS OF 1,71. i
Q R06EA POITRAS m.
Ct1EiiK tlitCINT COI1ttT, ST. WCE Ca. !LL ~ ~EWf G CU
T ~S,t,,,QQ
. - - RECBti~ ~'ERtFIE~J..~l_____
L c ~ v. i~~ s
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J (hereinafter referred to as the Mort Pr I
_ j~ gaged opertyl; and the Mortgagor does hereby fully warrant -the rule to the Mortgaged Property
- and veal defend the same against the lawful claims of all persons whomsoever. 1
• r' PROVIDED ALWAYS, that if John R. Chesnard and Margaret Chesnard, his -w~4~tu+akeKls?of that
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' ~ Ilnsert Name1s11
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_ - their
' I certain promissory note dated the date hereof (the Notel, iteus, legal representatives or assigns shall pay to Mortgagee
_ A ~ the pnncrpal sum of S 5836.24 as 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 March 20 , tg 9U ,which Note provides that
' ; ~ all installments of pnncipal and interest are payable at the office of Mortgagee, or at wcn other place as rite holder may designate in
writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's lee, upon default in the
1 i` , payment of the Note, arxf that if default be made in the payment of any installment thereunder and that ii wch defauh is 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: artd shalt perform and comply wrth each Arid every stipulatan, agreement and cov-
~2) - anent r•r rho NnrP 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-
_r menu on sad property; to carry insurance against fire on the building on said land for not less than $ n f a ,approved
' by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
- " ~ building on said land in proper repau.
' This Mortgage shall secure not only exist mg indebtedness, but also wch future advances, whether such advances are oblgatory or
p gagee, or otherwise, as are made within [went 1201 years from the date hereof, to the same extent as
~ to be made at the o tion of Mort v
+a if wch future advances were made on the date of the executwn of this Mortgage, but such secured indebtedness shall not exceed at any
9 time the maximum principal amount of $ plus interest, and any disbursements made for the payment }
7 of taxes, levees, or ,nsurance, on the Mortgaged Property, wrth interest on wch disbursements. Any wch future advances, whether E
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 ~
q any other notes secured by *.his Mortgage. This Mortgage is given for. the specific purpose of 5ecunng any and all indebtedness by the
~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this
i ~
LL I paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
~ Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
` ~ future advance clause. '
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? Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, rf the
• r~i Mortgagee, so elect, at once become due and p:,yable and this mortgage may be foreclosed, and all costs and expenses of collection and
z ¢i reasonable attorneys" fees, including costs, expenses and reasonable attorneys' fees on appeal, ii collected by legal proceedings or
mil through an attorney at law, shall be pad 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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_
C" S: , seali~d and deiiverecf _
.n o Dresence
(SEAL) i
(Mortgagor?
_ Ii~~J~~ ~~i~'~a~`l/li-~ (SEAL)
(Mortgagor)
STATE OF Florida I
' 1
COUNTY OF St. LUCIe - ~ 1 _
s k
HEREBY CERTIFY, that oR,~. tiRtgre me, a~i~ofhcer duly a~thonretl ~ n the State aforesad arxf m the County aforesad =f
to take acknowledgments, pBr~Y' ~ Chesnard r1aT aret Q~~R,~f~ to be the person described
.1 .F
- in aril who executed the toregt9~
g ing t e acknowledged before me that executed the same.
WITNESS my hand a'?~p#1 sg~jn,~ ty a~ Stet las ioresaid this 21 day of March
' A.D., 19 80 i~ r.•.
t.r~~<ii. ~ f~ _
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Notar ubhc Al lr?~
' , ~ M i 1[x6Tit!1E ~ f0' 0 l~iZ
4-6014.000-7 Rev. 8/77 c~~}p ~ ~ ~N t~. i r•..,,
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