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Home My WebLink About1513 DIRECT HVME IMPRVVEMENt MVK 1 l~HI~C ~ WITH FUTURE ADVANCE 4855 THIS MORTGAGE, made this 13th day of May S A.O., 19 , between Leslie L. Drawdy, Jr. and Evelyn V. Drawdy, his wife (Mortgagor) and Sun Bank of St. Lucie Co. Ft. PIeree Fl. IMortgageel: (Name of Sun Bankl WITNESSETH, that Mortgagor, for srd in cons~derat~on of the prem.ses and in order to secure the payment of the principal and interest on the note las hereinalter defined), Mortgagor hereby grants, assigns transfers arxd mortgages to Mortgagee, its successors and assigns forever, the lollowirtg described real property in ~ St. Lucie County, Fbrda, to wit: i r The East 1/3 of Lot 20 and all of Lot 19, Block 27, BILTMORB ~ PARK, according to the plat as recorded in Plat~Book 4, page i 52 of the Public Records of St. Lucie County, Florida. I THIS IS A SECOND MORTGAGE f i 1980 I~A~ 16 Pf; 2~ I S FILEO ANC FI<"Uitai U R~itfo0 _ ~ ~ 5 RO ER POITRAS 6LER~ CIRCUIT COU T D~ ~ CIMS ~ a~flxglla Me~1Ri RFCLMts VERIFI[~_-~~- P1~t To CMptor 71.1i~, Aw of • G 96 4 X855 a«« arc oar s~. t~?o~,w. - . - (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby tully warrant the title to the Mortgaged Property and wid defend the same against the lawful claims of all persons whomsoever. - ` j PROVIDED ALWAYS, that if Leslie L. Drawdy, Jr. and Evelyn V. his wife, the Makerls) of that ~ ~I [Insert Name(s11 r' certain promissory note dated the date hereof (the Note1, their heirs, legal representatives or assigns shall pay to Mortgagee the principal cam of S ~e 827.58 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 12th , 1990 ,which Note provides that all installments of principal and interest are payable at the office of Mortgagee, or at such other place as the holder may designate in y 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 if such default is not made - good in accordance with the terms of the Note, that the entire principal cam and accrued, earned intereri shall become due and payable . - without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- t errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain in tull torte. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- . I _ ments on said property; to carry insurance against fire on the building on said land for not less than S n~a ,approved by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the bu~kding on said land in proper repair. I This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or ' to be made at the option of Mortgagee, or otherwise, as are made within twenty 120) years from the date hereof, to the same extent as ~ ii wch future advances were made on the date of the execution of this Mort E gage, but wch secured indebtedness shall not exceed at any O time the maximum principal amount of S II~a plus interest, and any disbursements made for the payment ! V of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether 41 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 ~ ~ u any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the ~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any tkrte the maximum principal amount set forth in this ra paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- s pants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this G ~ future advance clause. ~ ;N O, ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the J ~ ~ ~ Mort e, so elect, at once become due and payable and this mat ma be foreclosed, and all costs and expenses of collection and gage gage Y reasonable attorneys' tees, including Costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or r ~ ~ I through an attorney at !aw, shall be paid by the Maker, and the same are hereby secured. ~ z ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. = cti' ~ ~ Sgned, sealed.arxi delivered m our pr nce: (SEAL) / (Mortgagor) ~ v (SEAti I (Mortgagor) ~ STATE OF 1 z i 1 s COUNTY OF 1 i ~ 1 HEREBY CERTIFY, that on this day, before me, an officer duly authorized in the State aforesad and ~n the County aforesaid to take acknowledgments, personally appearea•~slie b Evelyn Drawdy to me known to be the person described in and who execut~~t~f~OCr~:~~fMg~nstrvment and they acknowledged before me that they executed the same. 13th May WITN haAifOflic~?,serr~~Lthe County and State I oresaid this day of . ~ ~ ~ N ry Public ! r^---~~ , ; ~C:'rt`~~, Commiuwn Expues: NOtAitY PI18UC STATE QF FLQRIDA AT LAS • ~ tc~ MY COJKMISSIQN EXPIRES OE{ 19 1953 a-6014.000-7 Rev.B/77 ..•'~:,~•`t/jj,~°;~~~~~,'• $(~OK~1 P~iEi5i3 1GNGED THRU GENE INS W~DiNNIANiIi • .ijwl?r