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HomeMy WebLinkAbout2178 . ~ , - - nIRECT HOME IMPROVEMENT MORTGAGE ~~•+~~/~W ~ ~Q WITH FUTURE ADVANCE THIS MORTGAGE, made this 5tl'1 day of ~x A.D., 18 8.0.._.. between' Rich~~ T. Quercioli quid Jeanette Quercioli, his wife (Mortgagor) and Sun Hank of St Lucie County (Mortgagee?: (Name of Sun Bank) . WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and interKt On the mote las hereinafter definedl, Mortgagor hereby grants, assigns uanslers and mortgages to Mortgagee, ns successors and ~ ~ a r.... Tatac!i ~ County, Fbrida, to wit: ! sssigrts forwer, the folbwing described real property in i I • 0 r t ~ , ~ ATiLE[, #3 : Be~~imis~g at the Northwlestezly earner of Lot 10, Blk. 26, n~zAN w{ _ RIVER F~TAZES, #5, as recorded in Plat Book 10,-Page 58 of the Public Records ° of St. Lucie Oolntq, Florida;. thence run N 58.11'E, a distance of 106.73'; i thence run S35 48'E, a distance of 152.44' ; thence run S7823' 19"• ill, a . z~,~.~ distance of 128.13'; bo a point on a ctnv~e ca~cave to the W, having a radius ~ = of 380.86' ; thence run Northerly slang said cuncvle having, an Inter3~or angle of 7 05'55" and a length of 47.19'; thence run N31 49'W, a distance of~60.75', ~ do the POINT OF BD~. v'',T A ' P~ *4: Begin at the Nortlraesterly coxtrer of Lot 10, Blk. 26, Il~DIAN - -`"..~1(( RIVER ESS'TA1ES, ~5, as recorded in Plat Book 10, Page 58 of the Public Records m~ of St. Lucie Canty, Florida; thence run N 58 11'E, a distance of 106.73' to , - - ° ~ the POIl~ BDIGl.~NII~1G: thence cori<titn~e N58 11'E, a distance of 3S.09' ; thence ` ~ ` rn N54 12'E, a distance of 45,00' ; thence run S35 48'E, a distance of 150.00' ; ~ Z I thence run S54 12'W, a distance of 80.00'; thence run N35 48'W, a distance - of 152.44' , to the POIIJT OF BaGIl1~lING. . CIE _ , F (hereinafter reterred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and wid defend the same against the lawful claims of alt persons whomsoever: PROVIDED ALWAYS, that if Richard T. Quercioli and Jeanette Quer~{Isi °f ttrat (Insert Namelsll t"' ~ ~ their heirs, legal representatives or asst ns shall pay to Mortgagee c ~ ~ ~ certain promissory note dated the date hereof (the Notel, 9 rL ~ tfre principal sum of S 4 ! 179 • 39 - as evidenced by the Note, with interest and upon the terms as provided therein, the final o y maturity date of the Note and of this Mortgage being 4 f , 19 82- ,which Note provides that c~.s ~ all installments of principal and interest are payable at the office of Mortgagee, or at strcA other place as the holder may designate in d a. writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the ~ ~ ~ d ~ payment of the Note, and that if default be made in the payment of any installment thereunder and that if such default is not made m . good in accordance with the terms of the Note, that the enure principa! win and accrued, earned interest shall become due and payable' ~ a ,r o ~ without notice- at the option of the hoiden thereof; and shall perform and comply with each and every stipulatgn,•agreement and cov- - M z = °C ~ errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall 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- ments on said property: to carry insurance against fire on the building on said land for not less than S ,approved H c~ t°. ~3 by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to tie held by the Mortgagee and to keep the a c ~ O building on said land in proper repair. . ° ~ ~ ~ This Mortgage shall secure not only existing ,ndebtedness, but also wch future advances, whether such advances are obligatory or w > > to tx: made at the option of .Mortgagee, or otherwise, as are made within twenty 120) years from the date hereof, to the same extent as ~ o if wch future advances were made on the date of the execution of this Mortgage, but wch secured ,ndebtedness shall not exceed at. any _ lime the maximum prmnpal amount of $ N~A plus interest, and any disbursements made for tfre payment - of taxes, levies, or ,nsurance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether oblgatory or to be made at the option of the Mortgagee, or otherwrse, may be made either poor to or after the due date of the Note or 30 any other notes secured by thn Mortgage. This Mortgage a green for the speufic purpose of securing any and all indebtedness by the d~ Maker to Mortgagee ibut in no event shall the secured ,ndebtedness exceed at any time the maximum pnncrpat amount set forth in this - paragraphi m whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record- All cove- _l ~ Hants and agreements contained in this 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 arKl pavable arxf this mortgage may be foreclosed, and all costs and expenses of collection and 1 reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, it collecte.l by legal proceedings or through an yttorney at law, shall be paid by the Maker, and the same are hereby secured. 4 - - 17NESS WHEREOF, the Mortga has executed the Mortgage as of the date first above set forth. S ed, aled arxf delwered in ur p Bence: ~ r - ( of 1 ~ ~ 'chard T. Que cioli ' iseau . anette ~ °"~°'1 Quercioli j STATE OF FLORIDA ? ~ 1 COUNTY OF ST LUCIE ? ` I HEREBY CERTIFY, that on this day, before me, an officer atbQtited ;iYil}~ ~ aoresard and ,n the County aforesad to rake acknowledgments, personally appear 'tsTcrTowrTt'oTie the person descr,bed ~ ~i. r : 4 ~n and who executed the foregoing instrument and `'ri>pvv~i~ lfe~gre~~hat executed the same. ! c WIT my hand ar{{r~~,1 oyif,ciacl sea~~lyym the County and Stats ~jCS,a~d~ day of _ , A.D., 19 ~ flA l ~s tttfl ~ 44 U ~ - ~T: _ , r, ItF e a .:~~c ?t10 - - E ' fR'?OIAiRT My m~T T'Tl18CIC STATE C1f ~Ow tDA AT LARGE Pr1Ytf~~ CNICWT MY CCWLMISSIUN EXPIRFS SEPT Ib 1983 4-601-t>~7 Rev.$/77 _..,,.,k. v..,, IiF~QRtYERIF1Et1..-_~. - dEN~DED THrtU GF~:ERAI trJj U~.~::,^;R;iERS ~ .