HomeMy WebLinkAbout0566 .':ITH FUTURE ADVANCE 1~8V¦\ ¦ Vl1V¦r.
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THIS MORTGAGE. made the 29th day of A.O., f9 ,between'
Edmund D. Johnson, Jr. and Barbara Johnson:_his wife_ iMar,yaga,l and
e..., Bank of St. Lucie Go._ IMortgageel:
(Name of Sun Bankj
WITNESSETH: that Mortgagor, for and rn consrdrrahon of the nremrses and rn order to secure the payment of the pnnapal and
rnterest on the note las herernafter defined 1, Monyagor hereby grants, ass,gns iransleri and mortgages to Mortgagee, nssuccessorsand I
assigns forever, the following described real property rn __St. Lucie _ County, Floral,, to wit:
Lot 1, Block 90, LAKEWOOD PARK UNIT N0.8,
according to the Plat thereof as recorded in
Plat Book 11, page 19 Of the Public Records of
St. Lucie County, Florida.
THIS IS A SECOND MORTGAGE t
isao ai~Y i p~ x
p.~'iltaa : t!l PAY'tcliT Of TAXES ~ r1T 2~ y S
~ ~0 LS.. 7 'C :'i:,.t;: oLE Pi SQ~iil PItJ?ERTr. FILLO AfVC F;
FL'•.;_: a: T.7 tii-.~": :c T-'•:4, ACTS 4F 1'71. ST.lUC1EC0U
TY
~A.
_ t PuITftAS ROGER PQQ~~T ~ S
CL.:•K CI . u.T ~::J~:T. ST. IU~IE CO., FIA. CIERK CIRC!)IT
4L~33'~'
(herernafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
- C7 and wrrl defend the same against the lawful clams of all persons whomsoever.
PROVIDED ALWAYS, that rt Edmttnd D. Johnson Jr. & Barbara JOhrisOn ,the Makerls) of that
I Ilnsert Namelsl!
i
certain promissory note dated the date hereof (the Note, tihei Y heirs, legal representatives or assigns shalt pay to Mortgagee
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the pnnupai sum of $ 5 •577.85 - as ev,denced by the Note, wrth rnterest and upon-the terms as provided therein, the final
matwrty date of the Note and of this Mortyage being April 29th 19 87 , which Nore provides that
all mstallmenU of prrncrpal and rnterest are payable at the oiGce of Mortgagee, or at wch other place as the holder may designate m
i witting, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's tee, upon default rn the ;
payment of the Note, arxf. that rf default be made in the payment of any installment thereun[fer and that rf wch default is not made
good rn accordance wrth the terms of the Note, that the enure prrncrpal vim aril accrued, earned rnte+est shall became due arxf payable
without notice at the option of the holder thereof: and shall perform and comply wrth each andwery stipulation, agreement and cov-
enant of the Note aril of this Mortgage, then this l,Aortgage and the estate hereby e[eas:KJ shall be void, otherwise the same shall remain
rn full force. Maker covenants to pay the rnterest aril prrncrpal promptly when due. hlortgayor covenants to pay the taxes and assess-
ments on card property: to carry insurance ,gams[ fire on the burkfrng on card land for no? less [han $ n~a ,approved
j by the Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the pol,cy to be held by the Mortgagee and to keep the
~ bu,ld,ng on card larxf rn proper repair.
I - Thrs klortgage shall secure not only existing ,ndebtedness, but also wch future advances, whether such advances are obhgatory or
~ to be made ai the optron of Mort ee, or otherwise, as are made within twenty 1201 Years from the date hereof, to the same extent as
i g` g
i ,f wch future advances were made on the date of the execution of this Mn~igage, bu? such securrrf rndebt.~ciness shall not excr~e[i at any
~ _ O -
U time the maximum pr mc,pa! arr.ount of S - -n/`~ Plus interest, arxf any drstwrsrments made for the payment
~ of taxei, levies, or insurance, on the Mortgayed Property, wrth rnterest on wch drsbursemems. Any such future advances, whether
- •r-f obhgatory or to be made at the opnon of the Mortyagee, or otherw,se, may he matte either pnor to or after the due date of the Note or
CJ any other notes secured by this Mortyaye Th,s Mortgaye rs g,ven for the specri,c purpose of securing any ancf all indebtedness by the
- , j ~ Maker to hlortyagee (but ~n no event shall the secured ,ndebtedness exceed at any trine the max,mum pr,nc,pal amount set forth rn this
pr.agraph) in whatever manner this rncfebtecfness may tw evidenced or represented, until th,s MortyagP +s satisfied of record. All cove-
a.l Hants and ayreements eontarnecf ,n th,s Mortgage shall be appircabl.r to alt further advances m~rcl•• by Mortyagecr to hlaker under the; }
~ future advance clause ~
_ f-+ W 4
~ O $hould any of the .$>ovP covenant; tie hro~en inen the Note and all moneys s.•curr•rf hen~by shall, without demand, d the
- blot tyagee, so elect, at once became clue and payable and the mortgage may bt? forndos[xf, and alt costs and expenses of collection arxf t
~ reasa:able attorneys fees, mclucfrnq casts, expenses arxf reasonable attorneys' fees on appeal, rf collected by legal proceedings or i
J Cq ?hrough an attorney at law, ,hall be Paid by th.e PA,,ker, arxf the s,ime are hereby vrcured.
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_ ~ ~ IN WITN S WHEREOF, m.• hlortyayor ha; ex.•eurc<f this ".tortg_ age as of the elate firs? above se; forth.
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_ $iyned _ nd fe erect
! _ ISEALI
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_ l /~y~ Mor tyago• 1
e ~ _ ~ .0~./,~ ISEALI
STATE OF Florida ,
COUNTY OF St. Lucie t ,
~3 I HEREBY CERFIFY, that on rn~s dav. r!e}ore me, o?t,eer [tiny aumon~eY) :n the $ra,"r afor.riiza~~,c}}f,,,,,,rd rn the County aforesaid .
ro rake acknowledgments, pe•.:Orlally ~appedrtd EdlIIUtnd D _Johnson,__Jr. _ 5 Bar~,~a~ kX84ttM•fyf4~ the person described ~
-
' - the
.n ancf who execute:: ttie fpr~a rnitrument a~,o ----they___ ~uknorn•?dq•.i} t>wfore me that y executed the same.
29th April
1"JITNESS my r,a~d andoff~r,,a1 seal ,n th~• Cnunty ,,r;d S?ar• as? a'or -aid a _ rtay of .
A D . 79 ~Q - ~
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{riT.Jrs PWE ~ ray Cor^masron Expires.
f NoTARr F+U~fC STATE pF i~ORFpyF AT
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4-6014-0OpJ Rev. 8/77 • r ~SSION fXOfRg µAr - i2 i98`A~
1/~• UNl.ERwRIfERg
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