The URL can be used to link to this page

Home My WebLink About2180 : ors- - - - - ---r---- , ----a-• DIRECT 110ft1E IMPROVEMENT ~V10RTGAGE ~ trvlTN FUTURE ADVANCE ' THIS MORTGAGE, made this day of , A.D., 19 .$Q..._ ,between' Richard D. -Bailey a single Adult ~ tMortgago<I and Tba Sun Bank of St. Lucie County ~ (Mortgageel: (Name of Sun Bank1 " WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of tltil principal and interest on the note las AareinaftN defined), Mortgagor.hereby grants, assigns translers and mortgages to Mortgagee, its successors and suigns forever, the folbwirp described real property in $t. Lucie County, Fbrids, to wit: F Lot 1, Block 5, MABAVILLA TBRRACB, a subdivision according to the plat thereof as recorded in Plat Book 5, page SO of the public records of St. Lucie County, Florida. THIS IS A SBCOND MORTGA6B - ~~~~8 9tCQYEO fem.... ~ PAYMdfT Oi TAB @@ • OqE OM CIASS 'C I1ITIIIf6tBLE P~fESOti?.l PROPENTYe ~ MA~ "V 5 `f~ ruRStlltlli TO clulril:R n-..;4, AC15 OF 1171. r ~ ~ 4 5 fiCGEA PW7n11S q;,px CgtCIRi COYICT, ST. ~Yi:lE- OO.r Fl~~~r A. A ili'1 ~ ~ - ?'ll i lrl - YFf~tFfEO t 2.4 5 3 2 -~~O - (hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby tully warrant the title to the Mortgaged Property ' ~ "'~j and wiil defend the same against the lawful claims of all persons whomsoever. f l I~1 PROVIDED ALWAYS, that if Richard D. Bailees ~ ,the Makerls? of that a r••;Tr--{~ (Insert Namets)) - T~z -n r -.cI ` 1+ certain promissory rate dated the date hereof Ithe Notel, hi8 heirs, legal representativesor assigns shall pay to Mortgagee -t : the principal sum of S 3,560.5$ ~ ~i~ced by the Note, with interest and upon the terms as provided therein, the final E ~ ~(1 maturity date of the Note and of this Mortgage being ~0• 4th , 19 81 ,which Note provides that ~ all installments of principal and interest are payable e< the office of Mortgagee, or at such other place es the holder may designate in • writing, and that each maker and endorse. agree to.pay all costs of collection, including a reasonable attorney's iee, upon default in the c~,~+ payment of the Note, and that if default be made in the payment of any installment thereunder and that if wch default is not made 1 1 l ~ jE bood in accordance with the terms of the Note, that the entire principal sum and accrued, earned interest shall become due and payable O ~ _ without notice at the option of the holder thereof; and shall pertorm 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 shalt be void, otherwise the same shall remain f 71 It. ' 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 r n g p Operty; to carry insurance against foe on the building on said lard for not less than $ ,approved Q by the Mortgagee, with standard mortgage bzs clause payable to"Mortgagee, the policy to be held by the Mortgagee and to keep the building on sad land in proper repair. I; This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or F to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 years from the date hereof, to the same extent as if such future advances were made on the date of the execution of this Mortgage,.but wch secured indebtedness shall rat exceed at any T, p ~ trme the maximum principal amount of S n~a plus interest, and any disbursements made for the payment ~ ~ I V of taxes, levies, or insurance, on the Mortgaged Property, with interest on such disbursements. Any such Future advances, whether y 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 C ~ U any other rates secured by this Mortgage. This Mortgage is given for the specrfic purpose of sewnng any and all indebtedness by the y Maker to Mortgagee (but in no evefit shall the secured indebtedness exceed at any time the maximum principal amount set forth in this is paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- ; v, I ~ Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ ~ I~ i future advfnce•clause. O I-' iw ~ Should any of the above covenants be broken then the" Note and all moneys secured hereby shall, without demand, if the " ~ : ~ ~ Mort S gggee, so elect, at once become due and payable and this mortgage maybe foreclosed, and all costs and expenses of collection and ' reasonable attorneys' tees, including costs, expenses and reasonable attorneys fees on apprai, if collected by legal proceedings or ~ ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. z.,~ gg ~ C IN WITNESS WHEREOF, theMortgagor has executed this Mortgage as of the date first above set forth. • - ~1~ id ~ ~ ;tn I Sgned, sealed and delivered in our rase ~ 6 s (SEAL) s ~ (Mortgagor ISEALI (Mortgagor 1 c STATE OF Florida 1 St. Lucie- 1 COUNTY OF 1 a 1 HEREBY CERTIFY, tha -iltri day, before me, an officer duly authorized in the State aforesad and in the County aforesaid ,iitiiu,,. ` Richard D. to take acknowledgments, y: a•.r Bailey to me known to be the person described 1 ,n and who executed the' ¢ r' irt;iXMy~fre~i ~ he acknowledged before me that ~ executed the same. i• WITNESS my hang ~ ~i~~gpty and State last of rasa n Sth ~y of ~y - ' A.O., t9 . - ~ s''• t A;' < b"- • - _ - Notary Public ~ .t ~ r ~ ~ ~i tsy"•. My Commission Expires: - ~ • . ; ' =x NOq<ll~ 11~IC STAI! Gf l1~~11 AT tA4 a-6014-001}7 Rav, 8/77 • t t:. i • t • MY~NIMISSlONE7QUli MI1Y.14 19i! E.ccutweRew •Y. ` /iW Q61~YK Il6. la*pFx'NRiTH~ t