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DIRECT HOME IMPROVEMENT MORTGAGE ~
WITH FUTURE ADVANCE
THIS MORTGAGE, made this ui~ day of A~Li 1 , A.O., 19 $a-. ,between' t
Donalfi S. Jacobson and Marilee I. Jacobson IMwtgagar and
Sun Bank of St. Lucie Co. IMortgageel:
(Nameot Sun Bank) '
W ITNESSETH, that Mortgagor, for and in consideration o1 the premises and in order to secure the payment Qf the prmapal and
interest on the note las hereinafter defined), Mortgagor hereby grants, assigns uanslers and mortgages to Mortgagee, its wccessors and
assigns forever, the following described rest property in ~t~ *-••.~+s County, Fbrrda, to wit:
Lot 1, Block 1, Bayshore Estates, according to the Plat there of -
as recorded in Plat Book 11, Page 40, of Public Records of St.
Lucie Co.
_ _ _ _
t.,
THIS IS A SECOND MOR'PGAGE. ~ w ' ~ ~ M E N IA R 7 - + , N' : ' ~ , ~
-
RFC[1rFD = a
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9 ~ IN PAY6!EM Olt TA'~E3
DUY CN CIASS 'C IYTAM6'SL£ Pi.t;:~ilAl PRfJPERTY.
PURSiIJINT TO f.NAtTE:: Tl• •.4. IlcTS of un _ 1980 APR 23 AN i l ~ 03
R06fR POITIMS
' ~ 5 CLEIiR CfRCWT COURT. ST, LRCE D0. i~(a.~ ~ FILED MD
pk~~CfiR D
~ S ROGE~cPQITR
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tLEltK ClRCWT C6
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(hereinafter referred to as the Mortgaged Property): and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and will defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that rf Donald E Jacobson and Mari lee I Jacobson ,theMakerls) of that
(Insert NamelsH
certain promissory note dated the date hereof (the Note1, their heirs, legal representatives or assigns shall pay to Mortgagee
the principal sum of 5 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 Ap~'ll 16 , 13 ,which Note provides Thai
all installments of principal 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 ersdorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the
payment of the Note, and that if default be made in the payment of any rnstatlment thereunder and that if such default K rsot made
good in accordance with the terms of theNote, that the entire principal sum and accrued, earned interest shall becomedsle and payable
without notice at the option of the holder thereot; and shall perform and comply with each and every stipulation, agreement and cov
errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be word, otherwise the same shall rema,n
in full force. Maker covenants to pay the ,merest and pnnc,pal promptly whets due. Mortgagor covenants to pay the taxes and assess-
ments on card property; to carry +nsurance against fue on the building on card land for not less than $ A~a ,approved
by the Mortgagee, with riandard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
bwld+ng on card land rn proper repan.
O
Thrs Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are oblgatory or
41 to be made at the option of Mortgagee, or otherw+se, as are made within twenty (201 years from the date hereof, to the same extent as
''i +f wch future advances were made on ttie date of the execution of this Mortgage, but wch secured rndebtedrsess shall not exceed at any
U
> ~ 1 ume the max+mum tine n/a
~ p teal amount of S plus interest, and any disbursements made for the payment
of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
obtgatory or to be made at the option of the Mortgagee, or otherwise, may be made either error to or after the due date of the Note or
~ any other notes secured by this Mortgage. Thrs Mortgage ii green for the sper,f+e purpose of securing any and ail rrx)ebtedness by the
_ 4., Maker to Mortgagee (but m no event shall the secured rrxfebtedness exceed at any trine the maximum pnnc,pal amount set forth in this
d 3fi paragraph) rn whatever manner this indebtedness may be evidenced or represented, until this Mortgage n sarisf+ed of record. All cove-
v~„ Hants and agreements contained ,n th+s Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
` ~ ~ future advance clause.
Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the '
~ ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, aril all costs and expenses of collection and
- 1
- ~ hl reasonable attorneys' fees, mclud+ng costs, expenses and reasonable attorneys' (ees on appeal, d collected by legal proceed,ngs or
_ through an attorney at raw, shall be paid by the Maker, and the same are hereby secured.
j IN WITNESS WHEREOF, the Mortgagor has execureci this Mortgage as of the date f+rst above set forth.
S+gned, sealed and de~+veretf
r pr rice. ~
(SEAL) ;
1 r r)
. (SEAL)
r (Mort gpr)
STATE OF Florida ) j
1
COUNTY OF St. LuCle )
r'
I HEREBY CERTIFY, tha: on tlfa day, before me, a~ off+cer duly author+red +n the State aforesa+d and rn the County aforesaid
edg r~ra~""'t'„fr;~, Donald E. and Marilee I. Jack
to cake acknowl m,,~~[[~~11~•~ear mown to be the person described
+n and who executed.t~~p+t~Sl~t?rtjl~yi~a~sfgt and 1tttP~/ acknowledged before me that executed the same.
. Yom: _ .
WITNE$ S rrgr ~ande~~l,~ey~~~,h4County and State sc a oresa+d th+s 16th d of April
A.D.. 19 8Q ~ _ ~ _ ~
y`~r ~ .g 1_~ Ti ~ N ry Pubhc
ti
~ Comm+tsron ExprresNQTARY Pti~L'C cT}.TE GF FiC+2iDA AT IARG)E
'•F/pr.~~~,;, 1` MY CO;lJ.:ISSIOtJ EX?JRES DK 19 1983.
a~so~+-ooo-~ R.t?. sin _ _tIR~~1~ s.~=~~"~ eon ~t;RU c><rr~ DNS uNa~v~y~,~~rts