HomeMy WebLinkAbout2932 DIRECT HOME IMPROVEMENT a ~ O' 1
MORTGAGE 48~4~ r
WITH FUTURE ADVANCE
THIS MORTGAGE, made this 23rd ~y of Nag , A.O., 19 .$4_ .between'
Walter Victor Eerman~Jr and Alta B, 1Lrmari~_.atf~ IMortgagorl and
y~tm Rank Of St. Lucie Co Ft ~~rCE'.~ $l, lMortgageel;
(Name of Sun 13snkl
WITNESSETH, that Mortgagor, for arvd in consideration of the premises and in order to secure the payment of the principal and
interest on the note las hereinafter detinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and -
assigns forever, the following described real property m i.ue•ta - County, Fbrda, to wit:
Beginning at the t~ort~least corner of Outlot 2 of Plat of
WHITE CITY SUBDIVISION, as recorded in Plat Book 1, page 23,
St. Lucie Cot,>uaty, Florida. Fublic Records run thence East, Along
the North line of said Outlot 2, 260 Peet t:><ence South 0°,•17~~ ;
min. West, 225 feet; thence West 260 feet to the Bast rightrof-way {
line of Slm Avenue' theace North 0°17'1 min East, along the Bast
rightrof-of line of Elm Avenl~e, 225 feet to the Point of Beginning,
containing1.34 acres, said tract being a part of aforesaid Outlot
2, WHITE CITY SUBDIVISION:
THIS IS A SECOND ?~RTGAGE Ast~Ntt~ ~ M faMN~MK ~ T~lat
~4~ Oue On Class e'C" ~rttat~hRlotflM~oP'~'hr
_ ..="r ~ ; ; ~ ~Q N(tY 27 PM ~rJ~ w?st,ant To Cnapw fit, 1311. AoM O~ ~ ~
RO~iER POITRAS
1 ~ 5 5 6 ! t ED Atti KC01~tft~D ._tttnS Circuit Court, St. lards, CrO.e Fwe
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~i ~Rt$@RS ~rFRlftr_~_. _~.tt~
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rr . - (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title. to the Mortgaged Property
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~ ~ ; l+ and wnl defend the same against the lawful claims of all persons whomsoever.
l ~1~ Walter Victor Herman Jr & A7 to B HPl'IttAT1 ,the Makerls) of that
i - _ x: ~ PROVIDED ALWAYS, that it rr
~ (Insert Narrielsll
' certain promissory note dated the date hereof (the Notel, thPi r heirs, legal representatives or assrgns shall pay to Mortgagee
r't,-,_`: -1.1 4 182.46
- , the principal sum of S as evidenced by the Note, wdh interest and upon the terms as provided therein,'the final
1 i 1 maturity date of the Note and of this Mortgage being N(~v _ 99 _ 19 ,which Note provides that
all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
U ~ 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 d default be made in the payment of any installment thereunder and that it such default is not made
r ! t good in accordance with the terms of the Note, that the entire principal vim and accrued, earned interest shall become due and payable
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_ i. without notice at the option of the holder thereof; and shall perform and comply wrh each and every stipulation, agreement and cov-
~"J errant of the Note and of this Mortgage, then this Mortyage 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 assess-
ments on card property; to carry insurance against fire on the building on said land for not Tess than $ n~8 ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
~i ~ building on said land in proper repau.
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
i ~ O if wch suture advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any 1
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_ time the maximum pnnapai amount of S nI~ plus interest, and any disbursements made for the payment
_ ~ ~ of taxes, levies, or insurance, on the Mortgaged Property, with in,erest on wch disbursements. Any wch future advances, whether
if U ~ 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
~ ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
f ! Maker to Mortgagee (but m no event shall the secured indebtedness exceed at any time the maximum pnnupal amount set forth in this
_ ~ i paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is saUSfied of record. All crnre-
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- ~ I Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
future advance clause.
~ W
O x ~ Should any of the at~ove covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
q., ~ ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and j
V U ~ reasonabie attorneys' fees, including costs, expenses and reasonable attorneys' tees on appeal, if collected by legal proceedings or t
~ through an attorney at lase, shall be paid by the Maker, and the same are hereby secured.
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= h ~ IN WITNESS WHEREOF, the hortgagor has executed this Mortyage as of the date first atxtve set forth.
Sryned, sealed and delivered ~
a
m Our pr nc
_ EAL)
Q J Mortgagor)
~ ~ / ~ o-"~ GL. O f C~~I:.C.GA.~ ~ T _ ISEAL)
(Mortyago+)
3
STATE OF Florida I
1
COUNTY OF St. Lucie l
1 HEREBY CE_R_ T M!f .>~bA, this dav, before me, an oft,cer duty aurhoriraf in the Slate aforesaKi and in the County aforesaid
to take acknow' ;ice Ij~altpear«>~alter Victor ~ ~.ta Herman to me known to be the person described
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m and who ex~i~q~A~l+ gll~~oir>jp~~tf~p_nent and acknowledged before me that executed the same.
t V Jam- y ,
WITNESFr~y~utdand or~~f,ia trio County and State last aforesaid this .2,~ -day of irte.v
A.O., t9 -$Q-~f 'Coco
~ ~ j,~•,. -`V Notar Public -
~a`~`"~ • TARY PUBLIC STATE OF ROftIDA AT,LARGE
- X,.~,!' ~ My Commission Exp~
Y CO~h'+t15510tV EXPIRES OEC 19 1983
ar•r,.,. . ~~1111~~ P~~r 4pNDEL T11AU CiEtJtAAE yNpE/tWRtTE~
4$014.000.7 Rev. 8/77 Ci.•cor„e Rex