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Home My WebLink About1669 ! DIRECT HOME IMPROVEMENT MORTGAGE Q~s ~ $°°°~7 ~ WITH FUTURE ADVANCE THIS MORTGAGE, made this 29th day of April A.O., 19 80 ,between' Edwin G. Barrow and Sharon Barrow His Wife (Mortgagor) and Sun Bank of St. Lucie County - (Mort gages); (Name of $un gank( WITNESSETH, that Mortgagor, for arxi rn consrderatron of the premises and in order to secure the payment of the princrpal and ! rnterest on the rote las hereinafter defined), Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property rn St. LUCie County, Fbrda, to wit: Lot 11, Block 77, South Port St. Lucie Section 5, according to the Plat thereof as recorded in Plat Book 14, page 12-12J, of the Public Records of St. Lucie County, Florida. a~^^:vt^ f l9. d23 1!) P1kYYE4T DF TAXES 55 GUS u:4 C1=~ S ' i':-,`~.~ E N wSJ':'~l PRDPEaTY• `a. PU:rSU::~1T TO ~::...'T~ ~ 71- i, A::TS OF 1lll. P~ITnAS 19811 MAY - I PII ~ 32 C1Eit1< QRCUIT COIJRTr ST. lUUE CO. FLa}~•~• - LEpp ANC !=COaOEB , t,t1G COWij Y. f lA. - + ~ CINCUIT C l~" s~ ~ ~E~9 }'~RIFIED._. t t f j (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby sully warrant the title to the Mortgaged Property and wirl defend the same against the lawful claims of all persons whomsoeve?- • f PROVIDED ALWAYS, that rf Edwin G. Barrow and Sharon Barrow, His Wlfe ,the Maker);) of that _ . (Insert Namelsl( ~ certain promisso?y note dated the date hereof (the Hotel, their heirs, legal representatives or assigns shall pay to Mortgagee - i 1 the princrpal sum of 54(?l4 _ 90 as evrdencedl~by~ the Note, wrth rnterest ancf upon the terms as provided therein, the final ' maturity date of the Note and of this Mortgage being April 29 , lg g~ , which Note provides that - ~ ~ all installments of principal and rnterest are payable at the office of Mortgagee, or at such other place as the holder may designate in 1 ` writing, and that each maker and endorser agree to pay alt costs of collection, indudm a reasonable attorne s fee, u g y' pore default in the payment of the Note, and that if default be made rn the payment of any installment thereunder and that rf such default is not made good in accordance wrth the terms of the Note, that the entree princrpal win and accrued, earned rnterest shall become due and payable - without nonce at the option of the holder thereof; and shall perform and comply wrth each and every stipulation, agreement and cov- _ snorer of the Note and of this Mortgage, then this Mortgage ancf the estate hereby created shall be word, otherwrse the same shall remain - _ rn full force. Maker covenants to pay the rnterest arxf princrpal promptly when due. Mortgagor covenants to pay the taxes and assess- . merits on card property; to carry insurance against fire on [he burkiing on card land for not Tess than S n/a ,approved - by the Mortgagee, wrth ztandard mortgage Toss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on card land rn proper repair. ~ Thrs Mortgage shall secure not only existing rrtdebtedness, bur also such future advances, whether such advarxes are obligatory or to be made at the optron of Mortgagee, or otherwrse, as are made within twenty 1201 years from the date hereof, to the same extent as rf such suture advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any + trine the maximum prmtapal amount of 5 n~a plus rnterest, and any disbursements made for iris payment _ of taxes, levees, or insurance, on the Mortgaged Property, wrth rnterest on wch disbursements- Any such future advances, whether a obligatory or to be made at the optron of the Mortgagee, or otherwrse, may be made either prior to or after the due date of the Note or - ~ any other notes secured by this Mortgage. Thrs Mortgage rs given for the specific purpose of securing any and all rndebtedness.by the Maker to Mortgagee (but in no event shaft the secured indebtedness exceed at any nine the maximum princrpal amount set forth rn this 4 ~ paragraph) rn whatever manner this rndebtt.•dness may be evidenced or represented, until this Mortgage rs SaUSired of record- All cove- - Hants and agreements contained m this Mortgage shall be applrcabte to all further advances made by Mortgagee to Maker under this future advance clause- ~ r: ' J~ ' Should any Of the above covenants be broken then the Nnte 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, and al! costs and expenses of callec:ron and 1 ' reasonable attorne s' fees, rncludrn costs, ex crises and reasonable attorne s tees on a Y 9 P' Y ppeal, rt collected by legal proceedings or r-+ through an attorney at law, shall be paid by the Maker, and the ;ame are hereby secured. - C _r IN WITNESS WHEREOF, the Mortgagor has execwed this Mortgage as of tree date (rrst obove set forth- - Srg ed, sealed arxf deirvered ~ 7 rn O Pre - / r BarIUIV~9a9orl 1. '~..r- ISEALI Sharon Barrow t~gOr 1 ' ~TE Florida , St. Lucie i C UNTY OF I HEREBY CERTIFY, that on this dav. before me. an ofl,cer duly authonred rn the State aforesaid aril m the County aforesaid ?o take acknowledgments, pe~sonaily appeared Edwin G. and Sharon Barrow - to me known to be the person described .n and who executed the forego ma instrument ,irx) they _ acknowieciged before me that theA.y, executed the same- WITINr,SS my hand and o}f~c~al seal rn the CounTy anrt Srata past afo sa thn 2~ day of -twill A.O., 19 tSli Notary P ~ } - c~ MrSF,r~~3i~?~~ icrir.IJ%. Ai LARGE BB~KJJV P~CEIVJ•7 ; ;yK ywl?Ssioni'Exolr~_rrf, 21 19ti4 4$014-000-7 Rev. 8/77 ~I~y ~~~l~E$!1k INS • 4;~,;cKWR1 iEil4 r ~ p,. ! . c .