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HomeMy WebLinkAbout1670 oIRECT HOME IMPROVEMENT MQRTGAGE ~~.~°ook~ WITH FUTURE ADVANCE 4~y~~1 . THIS MORTGAGE, made this 14th day of Aprll h A.D., 19'~ ,between' Robert F, Dines and I?!ary x. Dines, his wife (Mortgagor) ~ and ~Lilt_Ba>:~C-;Of Sty I.lu~-C+O:IIIty IMortgageel: (Name of Sun Bank ) WITNESSETH, that Mortgagor, for and rn consrderataon of the premises and in order to secure the payment of the principal and ~rnterest on the note las hereinafter definedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and auigns lorever, the following described real property in S~. LUClg County, Fbrida, to wit: Lot S, Block 380, Port St. Lucie Section Six, according to the Plat thereof, as recorded in Plat Book 12, pages 36A through 36D, of the ~'ublic Records 'of St. Lucie County, Florida. r~o = 8, 99 ~ M~wt ~ ~ 1980 APR. 17 AM l1~ 22 Dtlc a:.ss ~ acTrxs•atE tt~sa,~:.i pROpEllnr 5 tU;ts;;1UtT TO•tRRrTaZ T1•.~4r ACTS 0~ 1l71. FI`EO AN L . ~ FCGFR PORRAS ST. L E ~R! COROf'0 CLEitK C12CUiT COWiT, ST. tW~ 04, lL~c~~ • ROGER t TRAS A• . CLERK CNtC CptAtT - , • ~ ~ SEC@RS ~•EaIFrEQ__ _ 483331 _ - - - -ii ' j~' (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby Putty warram the htle'to the Mortgaged Property and wnl defend the same against the lawful Naims of all persons whomsoever. '~-t - Robert F. Dines and Ma K. Dines His Wife PROVIDED ALWAYS, that it ~ ~ ,the Makerls) of that - _ [Insert Namelsl) ~1 certain promissory note dated the date hereof (the Notel, their hers, legal ~epresentahvr±s or assigns shall pay to Mortgagee 4492.46 - d~ ~t+ the principal sum of S as evidenced by the Note, with interest and upon the terms as provided therein, the hrral maturity date of the Note and of this Mortgage being April 14 19 84 ,which Note-provides that ' r all installments of pnnupal 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 coflection, including a reasonable attorney's fee, upon default in the C~ ~ - payment of the Note, and that if default be made m the payment of any installment thereunder and that if such default n not made _ good in accordance with the terms of the Note, that the entire principal win arxi accrued, earrxd rmerest shall become due and payable ' ! without notice at the option of the holder thereof; and shall perform and comply with each and every stipularion, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be word, otherwise the same shall remain ' t,: ~ in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- - merits on said property; to carry insurance against hie on the building on said land for not less than S n/a ,approved by the Mortgagee, with standard mortgage Ions clause payable to Mortyagee, the policy to be held by the Mortgagee and to keep the burldma on card land m proper repair. This Mortgage shall secure not only existing indebtedness, but alw wch future advances, whether wch advances are obligatory or 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) wch fuwre advances were made on the date of the execuUOn of this Mortgage, but such secured indebtedness shall not exceed at any ~ ume the maximum pnnupal arr,ount of S _ n/a plus interest, and any disbursements made for the payment _ of razes,. levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether „l`,a obligatory or to be made at the opLOn 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 given for the specific purpose of securing any and all indebtedness by the - ~ ~ Maker to Mortgagee (but in no event shalt the secured indebtedness exceed at any time the maximum principal amoum set forth in this paragraph) rn 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 - =..:J: future advance clause. _ ~ tr. O Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the ~ ; Mortgagee, so erect, at once become due aril payable and this mortgage may be foreclosed, and all costs and expenses of collection and r ~ reasonable attorneys' tees, including costs, expenses aril reawnable attorneys' tees on appeal, rf collected by legal proceedings or ~ : through an attorney at taw, shalt be paid by the Ulaker, and the same are hereby secured. - ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the dat above set forth. CJ; S;gned, sealed and deuverect :ri our presence /C/~~~ ~ ISEALI (jVlor tgagor i (,(mar/ Ro err F. Janes _ISEALI 9agor nary K. nes STATE OF FlOrlda t 1 COUNTY OF St • LUCle l - 1 HEREBY CERTIFY, that or. this day. befolre..m.,,e. an officer duly authonred m the State aforesaid and m the County aforesaid to take acknowietfgmenSS, personally appeared Lyubelrt~_ 871[ ~1'bl'V K_ .T7nPS to me known to be the person described ? .n and who executed the foregoing rnstrumenS and they acknowlixlged before me that they executed the same. _ WITl~S my hand aid oi},c~a! seal m the County and State last af~, re id this 14th daYOl _ April A D., 19 ~ . ~ Notary P ~ ~ - P ,~T;, p My Commission Exp,resa~ • - M may': PACE~~ NOTARY PUBlIG STATE ~~FLQRSQA A~'LA~ 4~014.OOQ7Rev.8/77 8~ f•V MY CUNLKISSICIN - t••~:.•.