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HomeMy WebLinkAbout2543 4 ~3~Slo I - - DIRECT HOME IMPROVEMENT MORTGAGE WITH FUTURE ADVANCE THIS MORTGAGE, made this ...~l~-day of April A.p„ 19 BQ- , txtween' Ethel M. 8dwards a single adult (Mortgagor) and The Sun Bank of St. Lucie County (Mortgageel: Name of Sun Bank) WITNESSETH, that Mortgagor, for and m consrderaUOri 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 transfers and mortgages to Mortgagee,itssuccessors and assigns forever, the following described real property rn St. Lucie County, Fbrida, to wit: Lot 4, Block N of Alamanda Vista Subdivision recorded in Book 5 page 49 of public records of St. Lucie County, .Florida. M~YEO : 6__ I g ~ IN PAYMENT OF TAXI 4 D19 I ~ ~p 5 OUE Oil CLASS 'C INTANQIIRtE PERSONAL PIOPEJCry~ - rWiSUANT TO GRAFTER 7t•!3{„ ACTT Of 1071. R06ER PORRAS OItNK ~CrIT coINIT, sT. LYCt fu.~.~ ' ~ •T ~yj 36 t:~-:'; JhltiviARY Silatvl~ `I•' ~ 2 (hereinafter referred to as the Mortgaged Propertyl; aril the Mortgagor does hereby fully warrant the title to the Mortgaged Property and whl defend the same against the lawful claims of all persons whomsoever. PROVIOEO ALWAYS, that if Ethel M. Edwards ,the Makerlsi of that jlnsert Namelsll certain promissory note dated the date hereof Ithe Notel, her hens, legal represemauves or assigns shall pay to Mortgagee the principal sum of S 3 s088• 32 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 April 1st. , Ig 83 ,which Note provides that alt installments of prinupal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the payment of the Note, and that rf default be made in the payment of any installment thereunder and that rf wch default is not made giwd 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 and every stepulation, agreement and cov- enant of the Note artd of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain in full force. Maker covenants to pay the interest anti principal promptly when due. Mortgagor covenants to pay the taxes and assess- merits on said property; to carry insurance against fire on the (wilding on card land for not less than S n!a ,approved j by the Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the budding on card !and in proper repair. i ~ This Mortgage shall secure not only existing indebtedness, but also wch luture advances, whether such advarxes are ob:rgatory or j 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 !I ~ rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any V ~ time the maximum pnnupa? amount of S _ n/'g plus interest, and any disbursements made for the payment ~ f ~ ~ of taxes, (ewes, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether U obligatory or to be made at the option of the Mortgagee, or otherwise, may he made either prior to or after the due date of the Note or a ~ any other notes secured by this Mortgage. This Mortgage rs given for the specfic purpose of securing any and all indebtedness by the _ ~ hlaker to Mortgagee lout m no event shall the secured indebtedness exceed at any lime the maximum principal amount set forth m this t _ I paragraph) rn v~hatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- I ~ ~ N ; Hants and agreements contained m this Mortgagr shall be applicable to ail further advances made by Mortgagee to Maker under ihis ' ~ ~ future advance clause. f-i L'-i ' W O ~ ~ ~ Should any of the above covenants be broken then the Note and a{I moneys secured hereby shall, without demand, if the ~ ~ Mortgagee, so erect, at once become due anrf payable and this mortgage may be foreclosed, and all costs and expenses of collection and ~ reasonable attorneys' fees, including t.rsts, expenses and reasonable attorneys' fees on appeal, d collected by legs! proceedings or through an attorney at law, shall be paid by the Maker, and the same are hereby secured. - Fr ~ ~ ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. - Signed, sealed aril de:rvered , in our pre _e' 1 f (Mortgagor) i s - _ ISEALI I IMortgagorl r 5 j STATE OF Florida 1 ~ COUNTY OF St • Lucie ` , i 1 HEREBY CERTIFY, that i r~ay_ before me, an officer duly authorised rn the State atoresaxl and .n the County aforesaid tt~9rlY1r},r, - ^ a ~ ' Ethel M. Edwards to take acknowledgmentsa~~s~tQlfy._,71~4q[ _ to me known to be the person described _ m and who executed ttQT}oregpi rnstrllRi she acknowledged before me that -~--executed the same. _ ^9 ,e~~ . WITNESS m h_ ~ ~ (s y , Y Of4uiafseW~ n fife. nt and State :ast rd this _ day of April ~t • / f -r. ~y ' ~ Nota Public a~Q P~E~~~ My ommrssro~~QPt~sPUSUC STATE Of FLORIDA AT IAItG~ 328 ~ =z ~ : ~ - . " a!`+ s MY COMMISSION EXPIRES DK 19 1983 iy • . r1 1 S _ •v' ttONOcG TNRU GENERAL INS UNDERWRITE 4-6014-000-7 Rev. /77 +iN.... c o,~„ r'