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Home My WebLink About1669 DIRECT HOME IMPROVEMENT MORTGAGE WITH FUTURE ADVANCE 4~5~~~~ THIS MORTGAGE. made thrs 11th day of April A p 19 $U ~ ,between' j Salvatore Patti and Cecelia Patti _ IMortgagorl and 1 Run Bank of Rt L.LCie Co _ (Mort gageei: (Name of Sun Banks i WITNESSETH, that Mortgagor, for and rn consrderatron of the premises and rn order to secure the payment of the prrncrpal anti rnterest on the note las hereinafter defrned), Mortgagor hereby grams, assrgns transfers and mo?tgages to Mortgagee, rtssuccessorsaril li assrgns forever, the following described real property rn St. L11Cle County, Fbrrda, to wit: Lots 11 >inld I2, Block 2, and the 5 foot vacated alley i running North and South next adjacent on the East of Lots 11 and 12, Block 2, Alamanda Vista, according to the Plat thereof on file in Plat Book 5, Page 49, of the Public Records of St. Lucie County, Florida. This is a Second Mortgage. 19fi0 APR 17 AK il~ 21 RSCFlYfD : g.7°1 IN PAYIQENI OF iA>~ FILED F!W Cdt~0 SI.LY.f A. GUc G9 CE:•LS 'C' L'ITA'tiG:Blf PERSOK:.! Rr';~i•~1~1 R RA~ fURSti:.lii 7J' .Nf~TE.R 71-1~4. ACiS OF l~fl. OtEIl1(CMLCI!{T ~ - RGGFR Pt1LTRAS b A• Lt:,CAirJ YERIFiEO_..._.~ CLEAK pACiIR COURT. ET. WGE 110,. RA. AALLAA`` - ^w 4~vV~o ~ ~ 4 . ~ Iherernatter referred to as the Mortgaged Property); arxf the Mortgagor does hereby fully warrant the tale to the Mortgaged Property : and writ defend the same against the lawful clams of all persons whomsoever. - ~ PROVIDED ALWAYS, trial rf Salvatore Patti and Cecelia Patti the Makerlsi of that s_ ~ ~ !Insert Namelsll , T` their t ~ - certarn promissory note dated the dare hereof fthe Note, heirs, legal representatives or assrgns shall pay to Mortgagee 1 ' I ? the prrncrpal sum of S as ev,dented by the Note, with rnterest and upon the terms as prov,ded therein, the final .=r - maturity date of the Note arxf of this Mortgage berng Aprll 11 _ ; 19 $7 , which Note provides that r _ . ~ all installments of prrncrpal and rnterest are payable at the office of Mortgagee, or at wch other place as the holder may designate in • I)! - ; wnUng, and that each maker and endorser agree to pay all costs of collecAOn, including a reasonable attorney"s fee, upon default rn the ' payment of the Note, and that rf default be made m the payment of any installment thereunder and that rf such default is not made ~ ~ r good m accordance with the terms of the Note, that the enure prrncrpal vim and accrued, earned rnterest shall become due and payable ~ without notice at the optron of the holder thereof; and shall perform. and comply with each and every strpulatron, agrcYment and cov enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shau be void, otherwise the same shalt remain ~ _ m full force. Maker covenants to pay the rnterest arxf prrncrpal promptly when due. Mortgagor covenants to pay the taxes and assess- j merits on Bard property; to carry insurance against fire on the twrkirng on card land for not less than S ,approved .Cr, by the Mortgagee, w;th starxfard mortyage loss clause payable to Mortgagee, the policy to be held by the ~or[gagee and to keep the S~ bwldrng on card farad m proper repair. ...z ~ This Mortgage shall secure not only exrsung indebtedness, but also wch futwe arvances, whether such advances are obligatory or to be made at the optron of Mortgagee, or otherwise. as are made wrttlrn twenty 120+ years from the date hereof, to the same extent as rf such future advances were made on the date of the execution of th.s Mortgage, but such secured rndet>tedness shall not exceed at any i. trine the maxrmum prrncrpal amount of S plus rnterest, and any disbursements made for the payment - of taxes, levies, or insurance, on the Mortgaged Property, with rnterest on such disbursements. Any wch future advances, whether obligatory or to be made at the optron of the Mortyagee, or otherwse, may be made either prior to or after the due date of the Note or any other notes secured by tT)rs Mortyage. Thrs Mortgage rs given for the specific purpose of securing any and all indebtedness by the Maker to h4ortgagee (but rn no event shall the secured rndebteriness exceed at any trine the maxrmum pnncrpai amount set forth in Ihrs paragraphl rn whatever manner Ihrs indebtedness may be ev,dence[f or represented, unh! this Mortyage rs saustred of record- All cove- nants and agreements Eontarned rn this hlorigage shalt be applrcaSle to alt further advances made by Mortgayee to Maker unifer this future advance clause. - Should any of ihr above covenants Ire broken then the Note and all moneys srCUrecf hentby shall, wrihout demand, rf the Mortgagee, so elect, ~t once become due arxf payable and Ihrs mortgage may be foreclosed, and all costs and expenses of eoliecuon and - reasonable attorneys' lees; rnclydrnq costs, expenses aril reasonable attorneys" fees on appeal, ;f collected by legal proceedings or through an attorney at law, shall be paid by the h7aker, and the same are hereby secured. - IN WITNESS WHEREOF, the I1Arsnigagor has ext>CUtt~c1 ±hrs Mortgage as of ihP date first af>nve set forth. Signed, sealed rid de:ivererl ` ~n our prey e fsEaL? y~ Ihiorttj~ 1F.7ortyar~r 1 STATE OF Florida 1 7 - COUNTY OF St. Lucie I t HEREBY CERTIFX, that vn th,s day, before me, an officer dWV authnr~rtd rn the State atoresaKi :,rid rn the County aforesaid ro take acknowied~qui~~,:'pry~Hy atapear~al_~tatp~_~at ~ $irbaknewn to be the perwn descrrberl ,,,r•'+•. Sr .n and who exeEtited tJW,~tegorrtg'm~tJrtS@rtt and their acknoriledgecl before me that executed the same. • y ~ WITNESS~my,fstti~`ari2f ~t~c~ se,P1 ra t}te Courrty and Srarn las rrsard Ihrs - 11th rfay of _ A,f~X'il t - ~ ~?"-y;u: r s- h Commission Exprre~OTARY Pt1BLlC STATE Of FLORIDA /1T LARGE ~Q . MY COMMISSION EXPJRES OK 19 1983 r<---• ~ONDFG THRU GENERAL INS UNDERWRITER>i 4-6014.0047 Rev. 8/77 ~•n ~ ' 8~ ~~lE.~~ F.., v.a.