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HomeMy WebLinkAbout1256 DIRECT HOME IMPROVEMENT MVK 1 l~,~f'~l~C WITH FUTURE ADVANCE THIS MORTGAGE, made this l2th day of May A.O., 1980 ,between' Clyde R. Sipe and Muriel R. Si ,his wife (Mortgagor) and ~ o ie unty i (Mortgageel: (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 interest on the note las hereinafter definedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, itswccessorsand assigns lorever, the following described real property in St. Luele County, Fbrida, to wit: Lot 7, Block 3123, Port St. Lucie, Section Forty-Five, according to the Plat thereof as recorded in Plat Book 16, Page 25 of the Public Records of St. Lucie County, Florida. E . : 1 1. 1980 NAY 15 AN 11 ~ 0 I R~;y~ s ~ . ~ 3 in Payment Ot Ta>as • ~ iY FI`A. Due On Class "C" intanpibN Personal Itiop«w, ~ ~ ~~1~ `55 Pursuant To Chapter 71.1i1„AslsOf 1s~71. ~ ~I~CIIIT C013Ri Q ~ >i~ ROGHI ~OfI1W sl> >,tEftll•tf0-- CNrh Circuit Cart !t lAril~ !N? 486683 L!'9 . _ N . t (hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property _ qC7 ~ and will defend the same against the lawful claims of all persons wfwmzoever. i ~ i PROVIDED ALWAYS, that if~Yde R. .Slpe and Muriel R. Slpe, his wife ,the Makerls) of that ~ ~ (Insert Namels?1 • `"°V~ their r ~ certain promissory note dated the date hereof (the Notel, heirs, legal representatives or assigns shall pay to Mortgagee ' 5417.08 . • ~ the principal sum of S as evidenced by the Note, with interest and upon the terms as provided therein, the final ~ maturity date of the Note and of this Mortgage being ~y l2 , 19 ,which Note provides that z _ - , i all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in t " ~ writing, and that each maker and endorser agree to pay all costs of collection, 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 ii wch default K not made - ~ ° good in accordance with the terms of the Note, that the entire pnncrpal win and accrued, earned interest shall become due and payable I without notice at the option of the holder thereof; and shall perform and comply wrth each and every stipulation, agreement and cov- enant 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 pal promptly when due. Mortgagor covenants top n Fjea taxes and assess- pay the interest and prince / . . , . mains on said property; to carry insurance against fire on the building on said land for not less than S ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on sad land in proper repair. This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are obligatory or ~ 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 ~f wch future advances were made on the date of the executwn of this Mortgage, but wch secured indebtedness shall not exceed at any ~ O ~ time the maximum principal amount of S 1,t/ a plus interest, and any disbursements made for the payment ( of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether O ! 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 'V I any other notes secured by this Mortgage. This Mortgage rs given for the specific purpose of securrrtg any and all indebtedness by the ~ E Maker to Mortgagee -(but m no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this ~ paragraph) rn whatever manner this indebtedness may be evidenced or represented, until this Mortgage rs sausfied of record. All cove- • ~ Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ i future advance clause. z ~ ~ f Should any of the above covenants be broken then the Note. and all moneys secured hereby, shall, without demand, ii the z ~ ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs arxf expenses of collection and ~ `Z ~ ( reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, rf collected by legal proceedings or ( 1, ~ ~ through an attorney at law, shall be pad by the Maker, and the same are hereby secured- ~ G4 l r~--i - ~ ~ ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. ~ sealed and delivered ~n Ou presence: . ` (SEAL) 1 Mortga E de .R. i lSEALI r • Muriel R. Sipe gor l ' TEOF Florlda 1 1 I COUNTY OF St • Lucie I P I HEREBY CERTIFY, that on this day, before me, an otf~cer duty author red ~n the State atoresad and m the County aforesad j to take acknowledgments, personally appeared -Clyde R. and Muriel R. Slp~ me known to be the person described .n and who executed the for ~r. instrument and the the ego g acknowledged before me that y executed the same. - WITNE~my hand and offiual seal in the County and S4i1 rs "12~ day of May , A.D., 19 z• .rL i ~ , ~ . . r, ~ ' s . ~ T' PUdL I C STA1E Clf fLOR I GA AT LARGE ~ _ •<I• ~{iOMMISSICIPI E)(PIRtS MAR 21 1984 c~C~ # ~~'LprgbEQ Ib61J ~Er~6AL I(~, urvt~RwRti~ ~ a~sola-ooa>• Ra?.8m BOOK~~ PAGEh.W _ C.~ E.K~,....•,. ; . /l~j' _ '