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HomeMy WebLinkAbout2179 - aer DIRECT HOME IMPROVEMENT NIpRTGAGE ~ 4a~s~ WITH FUTURE ADVANCE ; THIS MORTGAGE, made this ..,3Qth day o1. April ~ , A.O•, 19 .between' Axel L. French and Ines A. Preach, his rife IMortgagor) and ~_Aunlr e~ St i.ue~g [tn_ Ft_Pi,wrrw ~ = (Mortgagee); (Nsme of Sun Bank) WITNESSETH, that Mortgpor, for and in consideration of the premises snd in order to secure tM payment of the principal and interest on tM note las hereinafter defutadl, Mortgagor hereby grsnts, assigns transfers and mortgages to Mortgagee, its successors and asspns forever, tfte iolbvving described rql property in St. Lucie county, Fbrida, to wit: Lota 4 ~ 5, Block 145 LAKEFTOOD PARR, [TNIT 11, according to the Plat thereof, as recorded in Plat Book 11, Psges 32A thru 32 D, of the Public Records of St. Lucie County, Florida. THIS IS A 1ST. ?pRTGAGB i QI ?AY~ OF T~ b S DuRE~ tJiSS •rr IIiTAN6t8lE PFRSOHAL wooPEeTY. ~ NAY -6 ~ ~ ~ 4 S PITRSL'IWT TO LNAi'TfA 71-1~4, ACTS OF-1171. ROf:ER Pt11ThAS ~ • ' . tX AK q CY,T COYATr ST. (LYa~ W. F1,A.~ A C ~ iw ~ t1T - ~ ~ ~ . (hereinafter referral to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrantthe title to the Mortgaged Property j ~.:r and will defend the same against the lawful claims of all persons whomsoever. - ~ ~ French ' PROVIDED ALWAYS, that if Azel L. French, -and Inez A. ,the Makerlsl of tint s . ~ (Insert Namelsll m epresentauves or assigns shall pay to Mortgagee ` certain promissory note dated the date hereof (the Notel, their hels, legal r " the principal sum of 5 3 X088.32 as evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Nate and of this Mortgage being April 30 , 19 83 ,which Note provides that - ?111 N all installments of principal and interest are payable at the office of Mortgagee, or at such other place as the holder may designate in - m writing, and that each maker and endorser agree to pay all costs of collecUOn, 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 installment thereunder and that it wch default is rat made s i i i! : is good in accordance with the terms of the Note, that the entire principal wm and accrued, earned interest shall become due and payable without notice at the option of the holder thereof; and shall perform and comply with each and every stipulatan, agreement and cov 1 fj ~ ( 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- _ LUCt;: menu on said property; to carry inwrance against fire on the building on said land for not less than = n~_ ,approved gagee, the policy to be held by the Mortgagee and to keep the • • ~i' ~ by the Mortgagee, with standard mortgage~bss clause payable to Mort building on said land in proper repair. 'i ~ This Mortgage shall secure not only ewsting indebtedness, but also such future advances, whether such advances are oblgatory or to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 Years from the date hereof, to the same extent as if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any Y ! time the maximum principal amount of $ ~d .plus interest, and any disbursements made for the payment ~ ~ ' p ` of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether - _ V ~ - obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior 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 indebtedneu by the _ Tf ! Maker to Mortgagee (but in no event shalt the secured indebtedness exceed at any time the maximum principal amount set forth n this ~ ~ paragraphl in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- T U' - - r] ; Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ ~ future advance clause. _ ~ ~ }~.i; W Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, it the Q Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and ! reasonable attorneys' fees, ,ncluding costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or ~ ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. ~ , CQ ~ ~ - - "I IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. m, , y ~ ~ ~ Sgned,.sealed and delivered E ~n our pre e: - EAU iM tgagor) ` ~ ISEAI.) ) (Mortgagor) STATE OF Florida I r 1 COUNTY OF St. Lucie 1 rt 1 HEREBY CERTIFY, that on,>ih!s day, before me, an officer duly authorized in the State aforesad and rn the County atoresa~d a ~a7 ~ nez A. French to take acknowledgments, p ,eAr~d to me known to be the person described m and who executed the ~ i. theg acknowledged before me that they executed the same. WITNES6 illy' •of~f~tt-' sLs~trnty and State last aforesa this 30th day of April , A.O., 19_..8.0_ . _ s in PaRK~~ Notary Pubhc a~ AtK ~ j~ My Comm~sswn Expires: t _ ~ . MOTJ1Rr aIAIIC STATE Of ~f0111 AT t/1~ r ~x - «~r COMIIntSS~4N E)VIfIt~S MAY. IZ 1982 a~o1a-000.7Rav.8177 >;~;.i"_ • r.«,~M~.., a _ 80frUriG iFlxtd t.tPhRAI INS. UPIUERWRIffR3 r ,