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Home My WebLink About0969 ~ t ai?- DIRECT faoMt IMPROVEMENT ' RT A E ~ ~ ~ ~ ~ ~ WITH FUTURE ADVANCE ~O G G 482851 THIS MORTGAGE, made this 10th _ day al April A.D., 19 80 - .between- ' Donald L. Paschal and Dorothv. J. Paschal, his wife IMartgagor) and _ SLm Bank of St Lucie C,OLII1tY IMortgageel: - lNameof 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 hereinafter dehnedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property in .St • Luele County, Fbrida, to wit: Lot 6, Block 80, Indian River Estates, Unit Nine, according to the Plat thereof as recorded in Plat Book 10, page 74 of the Public Records of St. Lucie County, Florida. ` '1 05 - 1 _ 4. ~5 M N?YMEM~ ~ TAxN as oN cuss ~ Rmu~IstE PEesouu ~OPERn, ~p~ ~pp WRS(IAIIT TO CHAPTER 71-1c4, ACTS Of 1171. wW Rff\ I ~ ~ ~ 36 _ ROGER POITRAs - CLEAII QRCIRT COYftT, S>~ WGE OQr R~Q~ • _ 8 ~ ~~ti~R Ri+1 ~ ~ ~EIIK C CNIRT~ Q RlNR1 YE1tlf IEO °ir al.j - ~ C - I i ~ (hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property T.--{ ~ and wirl defend the same against the lawful claims of all persons whomsoever. p j ~ = PROVIDED ALWAYS, that if Donald L. Paschal and Dorothy J. Paschal, his,aTcerfsl of that _ ~ • • (Insert Namelsll ~ certain promissory note dated the date hereof (the Notel, their hens, legal representatives or.assigns shalt pay to Mortgagee 1 4625.44 rt . , ; , ; the pnncipal sum of S as evidenced by the Note with interest ar?d upon the terms as provided therein, the final . - April 10 90 . maturity date of the Note and of this, Mortgage being , 19 ,which Note provides that 1 ; ~ ' - . ~ all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in C writing, and that each make. and endorser agree to pay all costs of collection, including a reasonable attorney's tee, upon default in the t :payment of the Note, and that if default be made in the payment of any installment thereunder and that if wch default 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 rtotree at the option of the holder thereof; and shall perform and comply wuh each and every stipulatbn, agreement and cov- errant of the Note and 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 and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ~ u J merits on card property: to carry insurance against fire on the budding on said land for not less than $ n~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 repair. - I y This Mortgage shall secure not only exist mg indebtedness, but also wch future advances, whether wcf}advarxes are oblgatory or e to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 years from the date hereof, to the same extent as ~ ii wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any ~ trine the maximum principal a.:.ount of S n/a plus interest, and any disbursements made for the payment j _ U! of taxes, levies, or insurance, on the Mortgaged Property, uvrth interest on wch disbursements. Any wch future advances, whether €J! oblgatory or to be made at the optron of the Mortgagee, or otherwise, may be made either poor to or after the due date of the Note or - any other notes secured by this Mortgage. This Mortgage is green for the specific purpose of securing any and all r:rdebtedness by the Maker to Mortgagee (but in n0 event shall the secured indebtedness exceed at any time the maximum principal amount set forth irT Thrs - 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. ~ C~ - a p Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, d the ~ Mortgagee, so elect, at once become due and payable aril this mortgage may be foreclosed, and all costs and expenses of collection and . f reasonable attorneys' fees, including costs, expenses and reasonable attorneys" sees on appeal, if collected by legal proceedings or f, ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. , IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. ~ i 1 ! - ~ Signed, sealed and delivered ? ~n our prese _ • _ \ • ISEALI ~ d as `t ISEALI ~ (Mortgagor! Doroth .Paschal t STATE OF FlOrlda ! 1 COUNTY OF St. LUCle I - I HEREBY CERTIFY, that on this day, before me, an officer duly authorized rn the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared Donald L. F, Dorothy J. Pasc,~al known to be the person described and who executed the foregoing instrument and _ they acknowledged before rnT.that. _„_t~~gcuted the same. WITN~SS my hand and offiual seal .n the County and State last afore this - - - , A.D., 19 (1J ~ ~ i - ~ r? 1 Notary P is i„~~„~~ 1 I~i~Q'~~~ ~ti~~lF. IrLORiDJ1 ItF fri _ r'r fJ BG'4K~ PAGE rr+r can~r.ISS1oN EJ(PIRES ~ zy 1964 a~o1I-000-7Rev.sin fsU~.DE[? iH~J G+ctvEfti.l It~:'llf~lat7s7' i - c...,,,.,.v.e„ o, _