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HomeMy WebLinkAbout2931 DIRECT HOME IMPROVEMENT MORTGAGE ~~r4s ~OOO~O WITH FUTURE ADVANCE ~ ' THIS MORTGAGE, made this 22nd ~ day of MaY _ , A.O., 18 80 , betviiears' T~hn_~_A~_A~f_AnAar wnA Trgu K, !7a ra AAr' hiss wife (Mortgagtx) and StLn San1c of St Lucie CeLnty IMortgageel: (Name of Sun 8ank1 i WITNESSETH, that Mortgagor, for and in consideration of the Premises and M order to f~@CYre the payment of tM principal and interest on the note las hereinafter definedl, Mortgagor hereby grants, suignslransfers and mortgages to Mortgagee, its successors and { assigns fortver, the following described real property in St. Lucie County, Fbrida, to wit: ! 4 Lot 7, Block 363, PORT ST. LLICIE, SECTION TWO, according to ! ~ the plat thereof as recorded in Plat Book 12, Page 12A 27 of the Public Records of St. Lucie County, Florida. J 1 1°~ ~1 !9~ ~IkY 27 ~ ~ ~0 - - • iaLfO itil~ +F f~tlltYt U RecMrsd t If1 Of Tafat 5 LOllN f Y f l A. Due On Class "C" Ints c 5 5 ~ b ~~,y~ ©Oi! T pu*suant To Chapter 71.13,. r~~ 0,1~ tp~?1 ' : ~ aLt7! i I:E~Ie ~r{~:If3f1._. _ ROQER N011M8 1 ~ ~l ' L :;i~-`_ ~I P'Iw?s CtrcuM CotJtt, $L L~101~ 0p.. Rft. ' . r ~ - I I ~'C 1 1 T,~~' i :3 m ~ i. rr, Lri ~ ~ i •^.-C` ' =fit ~ . ~ \ , (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mprtgaged Property ~`fr and will defend the same against the lawful claims of all persons whomsoever. ~ PROVIDED ALWAYS, that if Tnhn A [latrandPr and Traute ?•t_ Ostrander, the Makerls) of that ? ~ (Insert Namels)i _ ~ * , certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or auigns shall pay to Mortgagee ~ ~ ~ the principal sum of S 6, 812 _44 as evidenced by the Note, with interest and upon the terms as provided therein, the final w _ May 21 , 19 35 ,which Note provides that maturity date of the Note and of this Mortgage being ~ - ~ ~ all instalknents of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in •ti. ~ 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 wch default is not made • , , ; good in accordance with the terms of the Note, that the entire principal cam and accrued, earned interest stroll 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- 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 pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and asseu- ' merits on said property; to carry insurance against fire on the building on card land for not less than S n/a ,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 said land in proper repair. i ~ i~ ~ This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are obligatory-or C U to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 Years from the date hereof, to the same extent as ~ ~ ~ it such future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any ' y •.-1 „ V time the maximum principal amount of $ n~3 plus interest, and any disbursements made for the payment ~ of taxes, levies, or inwrance, on the Mortgaged Property, wnh interest on such disbursements. Any wch future advances, whether i obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or aitPr the due date of the Note or y' 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 time the maximum principal amount set forth b this -?9 w paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage rs satisfied of ?ecord. All cove- ; " p Hants and agreements contained in this Mortgage sha?1 be applicable to all further advances made by Mortgagee to Maker under this r~ frlture advance clause. ~ ~ ~ z "Z Should any of the .above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the 1 Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and alt costs and expenses of collection and reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, R collected by legal proceedings or Y ~ ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. - tN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. Sgned, seal and delivered in our cep ' (SEAL) ohn 1f+~A r ~f~j~ ~ ISEAU Traute 11?4Qrtg~vtrander STATE OF Florida 1 St. Lucie 1 `r COUNTY OF 1 i t 1 HEREBY CERTIFY, that on [his day, before me• an officer duly authorrred m the gUdtP aforesaid aril rn the County aforesaid to take acknowledgments, personally appeared John A. and Traute M. ~nptivn to be the per son described • 'r ~V g the _ ; eY in arrJ who executed the for n instrument and Y acknowl executed the same. WIT my hand and official seal m the County and S to last toresaid th r` ~ ' . ~ t7tN11~~ P~~7 r1NlIC STATE Ce R 1 Co missionSesc,;i~.=~'~''~~;' AT tMp _ _y~~r Mr G~KSION OA . 10 ttE2 . ~ • 4-5014.000-7 Rev. S/77 ~f~ ~1 ~K ~e M~~~ - c.«,,......„.