HomeMy WebLinkAbout0521 iUtRECTHOMEIMPROVEMENT MORTGAGE ~3ab°~`
WITH FUTURE ADVANCE
_488041
THIS MORTGAGE, made th+s 28th day of Z'($Y A.O., 19 , bety een-
Paul E. Pa~?ne and Harlon R. Panne his wife (Mortgagor) and
Sun Bank of St. Lucie County (Mortgagee?:
(Name of Sun Bankl
WITNESSETH, that Mortgagor, for and rn cons+derat+on of the premises and rn order to secure the payment of the prrnc+pal and
interest on the note las hereinafter def,nedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors arxl
assigns forever, the lollowrng described real property rn St. Lucie County, Florxia, to wit:
Lot 12, Block 8, TUCKER TERRACE SUBDIVISION, a subdivision in St. Lucie County,
Florida, according to the Plat thereof recorded in Plat Book 4, at Page 54, of
the Public Records of St. Lucie County, Florida.
THIS IS A SECOND MORTGAGE
R~EIVED i~~ ~ PAYft~tT OF TAXES i. 30 t~`i t, : 2 2
Dli:.^,y Cl'SS 'C' lifTAt:G Lt! E ii:P.S.'.Y~L PROPERTY. I9~0 ttK i
j FU:.u:alt T7 .ii1?T.: 71-!•:4, ASTS Oi lA]1.
~?•t` it;iGEA PLIT:JIS mm Ftt=L ~Nl C~I•:a U
Cl_iiK q:: U)T COURT, ET. WCEE CO.. FtA.~'1, ~ ST.:L'UCIE COG:~TY.i l/t-
~O~R POITRA~
ARK CIACW i CO:i
488041 "
t.,
• (hereinafter referred to as the Mortgag+d Propertyl; and the Mortgagor does hereby tally warrant the title to the Ma•tr;aged Property
;
and wnl deferxf ttie Same ayain5t the lawful claims o1 all persons whOmSOever.
• PROVIDED ALWAYS, that rs _Paul E. Paine and Marion R. Pa~rne his wife _ ,the Maker,:? of that
Ilnsert Namelsl)
i
• :r
certain prom+ssory note dated the date hereof (the Hotel, thsir_ hers, legal representatives or assigns shalt pay to Mortyagee
1 the pnnupal sum Of S 9.039.73 as ev+dPnced by the Note, with interest anti upon the term; as provided therein, the final
maturity date of the Note and of this Monyage ber~~ 27th 19 85 _ , which Note provides that
ail installments of pnncrpat and +merest are payable at the pffrce of Mortgayee, or at such other place as the holder may desegnate m
_ writing, aril that each maker and endorser agree to pay aII costs of collection, rndurhng a reasonable attorney's fee, upon default m the
• ~ payment of the Note, aM that rf default be made rn the payment of any installment thereunder and that A wch default rs not matte
- ~ good rn accordance with the terms of the Note, that the entire pnnc:pal win and accrued, earned interest shalt become due aril payable
without notice at the option of the holder thereof; aril sha!1 perform aril comply with each anri every stipulation, agreement arxl cov-
enant of the Note and of this Mortgaye, then this hlortgage arxl the estate heret)y created shalt be void, otherwise the same shall remain
m full force. Maker covenants to pay the rn[ere;t and pnnC+pal promptly when due. Mortgagor covenants to pay the taxes and assess-
propwty; to carry insurance ayarnst f+re on the twrklrng on card land for not less than $ -__~8 ,approved
- menu on said
~ by the Mortgagee, with starxfard rntxtgage loss clause payable to Mortyagee, the pr-il~cy to be hekf by the hiortgayee aril to keep the
- <ns bur:chnq on sa+d land rn prpp..r rep-)~r
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t
i Tms Pdortgage shall Secure not only rx+sting n:d~•bteeinrss, but also wch foture :xfvances, wheU)e• such atlvences are ut)Igatory or
I ' • - to tx' made at the option of hlortgagee, or o?her r:~se, as are m xl:• vnthu) twenty (201 years !rum the date hereof, to the same extent as
:t wch future advances were made on the date o_1,ihe execution of this Mortyage,but such secun>r1 n)detneyfnesz shall not exceed at any
• t:mn the max•mum princ:par amount of $ _ Pius mtert•st, arxl any d+stwrsemenTS made for the payment
I ~ O of taxes, ievres, or insurance, on the Morigayed Property, wnh interest on such drstwrSements Any wch future advances, whetlwr
- U ob:.yatory or to be made at the option of the Mortyagee, or otherw+se, ma~• he made ether poor to or after the due date of the Note or
y any othe• notes ceeured by in , 1.lartgage Thrs hlortgage +s given for the. s}>c+:J+c purorxe of Srrcur.ng any arxl ail indebteefness 6y the
P,1a~er to hlertueyee that rn no event shdii the- seeurecf indebtcxfness exceed at any time the mawmum pr+nc:pal amount stet lorih in this
- V
~ pdragraphl rn whatever manner ,his rrxtebt•rdness maV b" ev:dr•nc'~i or rep:esenterl, t,nt,i this hloayar}e :s'ti;+t~sf+ed of recnd All enve.-
"f nant; and ay•:~ements conta;nad rn tha illorrgc+ge shall aVPtrc.itiie to ail further tidvanrr•s matt•• bV 1Aortryaye•: to Maker under this
- ?Uf Ure :rdvJl)CB (sGaa Se
- r) ~ $houid any of th•• .rUO`t c;)vrrants tw hrpken then th•• Nnle and aft rn oneys sc~eure<1 henrby ;I)all, V:+thout rf.rmand, +1 th.•
W ?.lnrtyayee, b e'PCr, at onro b.•com.• due and Payable anf ih+s mortyage may tr• for.rctov_•d, and eft Colts aril exp!•nses of collection arxl
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I1~ ea;onatne artorney~.' fw s, mciud+ng costs, ••x},irises arkl :eesonable atTprneys' lens on apo<al, :f ro';ecterf by teya! pr-nte•!•dinr}s or
I+ ~ t^•:~ugh an atto~nr•y at ieY:, ,help be pa.A by ih.• ?,taker, a•xf the tivme are hereby u•cur,d.
IN WITNESS WHEREOF- m.• ,,;n.•ga;:or ••x• cut.ri t+n: ".tnrt:yage• as of tho riat•~ first at)nve set fv•th
6 1~
- to S•4r~•'d, v`ai•-rt a Id c1•~.:v•..+.rt
.r Our U' .eerier
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a rhtnrtgagor
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` $TaTEOF Florida i r
' Cu~~yTY OF $t~ Lucie '
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I HEREBY CERTIFY, that on TMS day. beiOr• me. an :~r}.os du~y a~thorr~.Kl .n th•• $tari efur.-sa:d r+crl .n the Cnun?y aigresa+d
~lratrw,,
~ss w 'N, .
•o • acrr•-oY.:±durr_--nts ~A111_~+_ bf_.~dLiOIl R. P3YII~ •r, me rr.r cr.r, m br thr• p~ru,n d.~scr:brtl
n y^.d Y•hU ewCUTed ~1g MS~pr and _-th@L. acknOwtwlr}cq1 ti•.rrrr.. nl.: iha• they__ "x.rCUTYd the same
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?vITNFSS my ham artd~~i~ r_A. ~ iSunry :end S sir. ~ to...~a:d r +~s 28t~L rfay of ~3?-----
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P~GE ' - ~ - v Commrs~on~A~re~ P(:;.::C :L`,IE Ci FL^~RIDA AT LARGc
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f st;-' MT CO:N~iISSIG~ ExGIRfS L'iC 19 1933
' ~~f•~1 bONDfQ j11AU Git~Eic•:L INS 1i::~~R'.~R1iERL
4-6014-0OQ`7 Rev. 8/77 ~
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