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HomeMy WebLinkAbout2048 r WIT FUTURE ADVANCE ENT MORTGAGE 8~ ~3 a s ~ ~ ~ 4b~,202 c.~ THIS MORTGAGE, made this _-~~L- day of 1';aS1 _ A.p., 19 ,between' Rnger W. Davila Jr. and Janice H, Davis, his wife (Mortgagor{ and Sun Bank of St. Lucie County (Mortgagee{; (Name of Sun Bankl WITNESSETH, that Mortgagor, for and m consideration of the premises and in order to secure the payment of the principal and rnterest on the note las herernatter delrned{, Mortgagor hereby grants, assrgns transfers and mortgages to Mortgagee, its successors and assrgns forever, the iollowrrg described real property in St. Lucie County, Fbrrda, to wit: From-the Northeast corner of the Northeast ~ of the Northeast fit, of the Northeast of Section 9, Towaship~36 South, Range~40 East, run South along Section line a distance of 663.64 feet to a point; thence run West 66 feet to a point on the West boundary of Oleander Avenue for a Point of Begir~ging; thence continue :,lest G27.3 feet to a point being the Southwest cornet of the Northeast ~ of the Northeast ~ of tir<e Northeast ~C; thence run North a distance of 312.5 feet to a point; thence run East parallel to the South line of the Northeast ~ of the Northeast of the Northeast to the West bouundary of State Road 605 (Oleander Avenue); thence South - along the West boundary of State Road 605 (Oleander Avenue) to the Point of Beginning, all lying and 'being in St. Lucie County, Florida. 48'202 Re~fed..1~•S3 a„ orTf~ q THIS IS A THIRD MORTGAGE MA t Due On Clsss •'C" In~IspwsonN . : ~ 8 4 8 ourltusnt To Cnapar 71.134. /1CH 0~ ~~h. tfLEC 1~ltlC !'ECOtZUtO ROGER ?OITRl18 - p- SLUICIE CajliTY.Ftr#. ~My Clrcuh Cfwn. SL LuCM. Co., Fb. ROGER POITRAS v- tIERK CNtC1fIT fralAtT . ai (herernatter referred to as the Mortgaged Property!; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and writ defend the same against the lawful claims of all persons whomsoever. ( PROVIDED ALWAYS, that rf ~D~~'r W. Davis, Jr. 4 Janice H= Davis , the Makerls) of that . Ilnsert Name1s11 ~4_ certain promissory note dated the date hereof (the Note?, thPi r hens, legal representatives or assrgns shall pay to Mortgagee " the principal sum of S 6 ~ 264.92 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 _May 13th , 19 , which Note provides that - ~ a!1 installments of principal and interest are payable at the office of Mortgagee, or at wch 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 tee, upon default in the payment of the Note, and that it default be made rn the payment of any installment thereunder and that ii wch default is not made good rn accordance wuh the terms of the Note, that the enure prinupal win and accrued, earned interest shall become due aril payable _ - without notice at the option of *.he ho!der thereof; and shall perform and comply with each aril every sLpulation, agreement and cov- _ _ errant of the Note and of this Mortgage, then then Mortgage and the estate hereby created shall be void, otherwrse the same sftall remain rn full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and aSSeSS- ( / I " merits on card property; to carry insurance against Lie on the burldiny on lard larxf for riot less than $ n~a ,approved by the Mortgagee, with starxfard mortgage lots clause payable to Mortgagee, the policy to be head by the Mortgagee and to ke ep the burbling on card land rn proper repair. I This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are obligatory or ~ to be made at the optron of Mortgagee, or otherwrse, as are made within twenty (201 years from the date hereof, to the same extent as rf wch future advances were made on the dale of the execution of this Morrgage, but such secured rndebteciness shall not exceed at any ~ ~ p ~ trine the maxrmum pnncrpal amount of $ __~~g plus rnterest, and any disbursements made for the payment J U; of taxes, ter•ies, or inwrance, on the Mortgaged Property, with rnterest on wch disbursements. Any wch future advances, whether tll', obligatory or to be made at the optron of the Mortgagee, or otherwrse, may be made either poor to or after the due date of the Note or any other notes secured by this Mortgage. Thrs Mort a rs wen for the _ Uj gag g specific purpose of securing any and all rrxfebtedness by the ~i Maker to Mortgagee (but m no event shall the secured indebtedness exceed at any trine the maxrmum prinupal amount set forth rn this _ a paragraph) m whatever manner this rncfebteriness may be evidenced or represented, unal this Mortgage rs satrsfird of record" All cove- .j Hants aril agreements contarneci rn this h1ortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ ~ future advance clause. { ~ w' Should any of the above Covenants be broken then the Note and a;t moneys secured hereby shall, without demand, if the ~ O ~ Mortgayee, so elect, at once become due arxf payable and this mortgage may be foreclosed, and all costs and expenses of collection and G~ reasonable attorneys' fees, mdudrng costs, expenses arxf reasonable attorneys' fees on appPat, if collected by regal proceedings or v ~ ~ through an attorney at law, shall be paid by the Alaker, arxi the same are hereby secured. ~ i - ~ ~ f IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. M ~l tl1 - ~ Signed, se fail and delivered ~ rn ou+ lance' • / ISEALI ~ ISEALI IAlortyagorl ~ STATE OF I Florida - ~ , COUNTY OF St. Lucie ~ I HEREBY CERTIFY, that on this day, before me, an officer duly authorized rn the State aforesadl -arid m the County aforesaid n.r: r to take acknowledgmenas~,{1~ it r =3pp~ared BQgeT DflVi3, Jr. be J8IIiCe D&~r~?Sknown to be the person described .n and who ex>_cutr>d~tAe~Oregorng.e~ Wm !tS and they 9ed before me that the r atknowted Q y executed the same. WITNF$S~ myliand art~bE~c~al,,s~altntl!F'~ounty and Stat aforesaid this 14th day o May , S. otary Pubnc ~~y ~B.` 1 .U~ •v Commrss~tttprr~~BliC STATE ~ FLORIDA AT LARGE r`--~ _ MY COAM1MISSION EXVIRES DEC 19 1983 . 4-6014-OOQ7 Rev. Sd77 ~`~''~d v i j~' ~?`t~ THAU Gc:JFitAC {NS UNDERWRITERS g~331 P~~2047 _ - - - .,..~.--e.