HomeMy WebLinkAbout2047 DIRECT HOME IMPROVEMENT MORTGAGE ~°~`'v89
WITH FUTURE ADVANCE
THIS MORTGAGE, made this 16th ~y of ~y A.D., 19~~ ,between'
Gary R. Franklin and Vicki Sue Franklin, his wife (Mortgagor) and
Sun Bank of St. Lucie County IMortgapcal:
(Nameol 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 definidl, Mortgagor hereby grants, asst ns transfers and mortgages to Mortgagee, its wccessors aril
assigns forever, the following. described real property in St. ~uele County, Fbrds, to wit:
Lot 11, Block 104., Port St. Lucie Section 27, a subdivision according to
the Plat thereof as filed in Plat Book 14, Page 5 of the Public Records
of St. Lucie County, Florida. RfaoNNd ~ o7p. p 9 ~~~aTa>vo~
uw On Clsfae ••C" hK«geM~.or~lonop..er.
/ pU?fW0111 TO Chapttr 71.13~r QOM a f>~71,
~ ROGER POiTltAS
r'fwrk Chcult Cowl, LucM,, 00., Rfi. -
1980 MAY 21 AN ~ 4 3 _ _ _ _
FILEQ l~ND °EC~~R~UED [ rl : i,lNf i~~ zl1!?v - 5 + 'vt ~ ' r: ~ ~
ST LUCIE COt?NTY F~A- hr r-~r"REYEhiJE-:. ;-~'r _ ,
ROGER POITRAS :
p.Ettli CIRCWT COUR~ _ _ ~ ~r~-s_c•i~."-.
REC8F11 YEP.1FICt?__-~ r t _ _ _
(hereinafter referred to as the Mortgaged Prppertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and will defend the same against the lawful claims of all persons whomsoever.
- PROVIDED ALWAYS, that if r~ R Franklin and yicki S11P Franklin, Hist~~erlsl of that
(Insert Namelsl]
certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagee
the principal sum of $ 10, 043.24 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 June , 19 ~ ,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.
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 K not made
good in accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable
without notice at the option of the holder thereof; and shat) perform 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 shall be vod, otherwise the same shall remain
in full force. Maker covenants to pay the interest aril principal promptly when due. Mortgagor covenants to pay the taxes and assess-
menu on saia property; to carry insurance against fire on the buiklmg on card rand for not less than $ n/a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be herd by the Mortgagee and to keep the
building on Said land in proper repair.
t
~ 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
if wch future advances were made on the date of thf execution of this Mortgage, but such secured indebtedness shall not exceed at any
~o n a
~ U I time the maximum principal amount of S plus interest, and any disbursements made for the payment
~ i tv of taxes, levies, or insurance, on the Mortgaged Property, wrth interest on wch disbursements. Any wch future advances, whether
~''"i oblgatory 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
~ i ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of secunng any and all indebtedness by the
~ i-.a Maker to Mortgagee (but rn no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this
paragraph) in whatever manner this indebtedness may be evdenced or represented, until this Mortgage is satisfied of record. All cove-
• ~ Hants and agreements contained m this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
c i ~ future advance clause.
i~~
~ O Should any of the above covenants he broken then the Note and all moneys secured hereby shall, without demand, if the
V ~x t Mortgagee, so elect, at once become due aril payable arxf_this mortgage may be foreclosed, and all costs and expenses of collection and
~ ~ reasonable attorneys' tees, including costs, expenses and reasonable attorneys' tees 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.
r r-~
z, i
C ~ ~ ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. ,
$gned, sealed aril delivered
m our presence:
• ~ ISEAU
- Ga r fl0.wtyagor)
(SEAL)
Vicki ue F~fi •
STATE~OF FlOrlda 1
'
COUNTY OF St. Lucle 1 ~ ',L~,r~
- 1 \ .
1 HEREBY CERTIFY, that on this day, before me, an officer duty authorised in the StatF-alorlsaid and ~iffe_trduKtry~t~resaid
Ga R. and Vicki Sue Frank)' ~ ~ " ` ~ t `
to take acknowledgments, personally appeared known 7g<tfe t} p${ohLdesCribed
m and who executed the forege~ng instrument aril they acknowledged before jne t~t CgyeQifle same.
QI{/ 't .
WIT S my hand and orfic+al seal i~ the County and St resaid this ~JQ dA~y.Qf• ,
A.Q., 19 _ .
_
, .
~ Notary lic
~~EF~ ~tA~ My C issan Expires:
F ~K fTA1E F~,pRlp~ At LAEQ
4.6014-fJf)p.7 Rsv. 8/77 ~ tea`:~ ~ • t0 11f12 E,~,,,,,,~ o,n,
p~ 1G111~iK MrE, M~Mft1R~
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