The URL can be used to link to this page

Home My WebLink About1668 • ~ DIRECT HOME IMPROVEMENT MORTGAGE Q~s WITH FUTURE ADVANCE THIS MORTGAGE. made this 29th day of April _ A.o., 19 ,between' 1 ~St11 Ernest W H>i l l and and T.urann C_ IMortgagorl and i _ Sun Bank of St. Lucie Co. IMort~~?: Ifvameof $un Bank1 WITNESSETH, that Mortgagor, for and rn consideration 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, its successors and assigns lorever, the following described real property in St• Lucie County, Fbrda, to wit: Lots 22 and 23, Block 6, INDIAN RIVER ESTATES, Unit 01ae, as per plat thereof recorded in Plat Book 10, Page 43, Public records of St. Lucie County, Florida. } This is a Second Mortgage 4 X5128 RECQYfD s [!i.13 1!1 PAY4~'!R Of TARE! DUE OV-CL•uS 'C' IHTf.\S 3tf F:.~")~'! PCOPERTY. p~ u b5 FU:+S;;:.NT TO C}!i}T2 ]1- S. i~ • 19)1. ~,9UU f1AY - t PM ~ 3 t ' ~o' Cl %K Cf:`.UiT :.OURT, ST. lU-IE :;0, FIA.~•~~ FF ST.~Et~iEE COUfITY~Ft A. ROGER POITRAS • CLERK CIRCUIT -1TQ , _ M .n ~ ~rERlftfD~ I.t; I t , v~ i " ~ ~ (hereinafter referred to as the Mortgaged Property); arxi the Mortgagor does hereby fully warrant the title to the Mortgaged Property j aril Weil detencl the same against the lawful claims of all pr.•rsons whomsoever. tt 1 i ! 1 1 PROVIDED ALWAYS, that it Fmoet 4T _ Ni 1 7 and and T urana G _ H{ 1 1 and _ ,the Maicerls) of that 1 , Unsert Namelsll }•y~`• ! certain promissory note dated the date hereof (the Notel, theiY heirs, legal representatives or assigns shall pay to Mortgagee Fr , the pnnupal Sum Of S 7,062,47 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 29, 79 90 ,which Note provides that . ~ all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may devgnate in _ writing, and that each maker and erxlorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default rn the - ~ payment of the Note, ar)cf that if default be made in the payment of any installment thereunder and that if such default rs not made i good in accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable j 1 without notice at the option of the holder thereof; and shall perform and Comply with each and every stipulation, agreement and cov- _ ~ enant of the Note and of ;his Mortgage, then this Mortgage and the estate hereby created shalt 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- merits on said property: to carry insurance aya:nst fire on the building on said land for not Tess than S -_~~a ,approved ~ _ by the Mortgagee, with starxlard mortgage toss clause payable to Mortyagee, the policy to be held by the Mortgagee and to keep the ~ - building on card larxl in proper repan. _ " - This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or j ' ~ ~ to be made at the option of Mortgagee, or otherwise, as are marls' within twenty (201 years from the date hereof, to the same extent as O rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any ~ _ U time the maximum pnnupal art•ount of $ n a _ _ plus interest, ar:d any dist)yrsements made for tlw payment ~ of taxes, levies, or insurance, on the Mortgayed Property, with interest on wch disl)wsements. Any wch future advances, whether 4 - U; obliyatory or ro be made at the option of the Mortgagee, or otherwise, may t)e made either prior to or after the due date of the Note or ~ any other notes secured by this Mnrtyaye This Mortgage is given fog the ,pecilic Du+{rose of securing any arxi alt indebtedness by the a~ Maker to Mortgagee !but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth m this ~ paragraph! in vvhatever manner this indebtedness may bs• evidenced or represented, until this Mortgage is sahified of record. All cove- t ~ to Hants and agreements contained in this Mortyage shall be applicable to all further ;,rivancez matte by hlortg~gee to Maker under this _ ~ q-t !uture advance clause. CO O' Should any of the above covenants tx~ broken then The Note and all moneys secursYl hereby shalt, wnhout demand, if the yr p; I4!or tq„yee, w elect, at once become clue and payable and this mortgage may 1)e foreclosed, and all costs and expenses of collection and ~ •easonab~e attorney.' fees, rnciud~ng costs, ~•xpenses arxf reasonable attorneys' fees on appeal, .f coliecred by legal proceedings or ~ _ -.a ' ih:ough an attorney at law, shat! be paid by :he Maker, and the ssme are hereby securEK1. . r+ ; CS ~ ' - ti to IN N/ITNESS WHEREOF, the Mo•tgagor has r•xecurid this Mortt;,)ye as of the date i:rst :,tr.eve se! forth. $:yned, sealed and tfe:iv?rPr) .n ow s ce i - - ISEAL? t IMorty oil A - a - - - - _ l/VSEALt i ~ ~ ih9urtgayorl - = Cvv/ i ' STATE OF Florida ~ St. Lucie ` , COUNTY OF i F 1 HEREBY CERTIFY, that on this day, before' are irff,r:,.• cfuiy au;hon~EYf ,n the S•ats• stun:,sect and m the County aioresd~ci e y -o ' ikN acknov~ledgments, pe~irwidhlitl~hpa3r"rT'TlleSt {ii. br Lurana C. Hillard, ms• knc-;,n to be The person drscnbed ~ .n ,ynrf .trio executed tna,ro~~11q ~ ~trrllnert and acknuw:ecfartl tW(Ore me that They _ executed the same. r WITH my harxi aMl OlfiUal iedl in the County ;,rid $rair~ past afOrN, this --_24 lay of April , _ Nota• v Pubs+c `s ~ ".1y Commrss:on Expnes 8[xM pJaYC~~ f _ NOt/1Rtl !'INLtC S1A1E Of FLCIRiDA AT LARQ ! - a 6014-000-7 Rev 8177 ' ' Mr COnr+M{SSION EX?1 ~ /IllAr. t~ we= fK,r+'Jip ff•1iW c.EfvcRAl INS. U'NtxRWR1i~