HomeMy WebLinkAbout0522 DIRECT HOME IMPROVEMENT MORTGAGE ~ 3a~°~+ y'
::rTH FUTURE ACIVANCE
4~i042 ~
THIS MORTGAGE, r^ade this 29th day of MaY A.D., 19 80 ,between- ~
_sll'1 Kenneth La Vann DruTn>nond _ IMo„gagorl and ?
Sun Bank of St. Lucie County ~ IMortgageel. ;
INameof Sun f3ank?
WITNESSETH, that Mortgagor, for and in consideration of the premises and rn order to secure the paymem o1 the prinupai and
(merest on the note las hereinafter defrnedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
assrgns forever, the iollow~ng described real property rn St. Ia13.C~_- ~ County, Florrcia, to w(t:
Lots 9 and 11, Block 5 of Sunny Acres
Subdivision as per plat thereof recorded
in Plat Book 8, at page 25, of the pub-
lic records of St. Lucie County, Florida.
i
This is A Second Mortgage
RECE11fE0 = °Z~ 111 PA1RtEtfT CF TAXfs i
CU'c QY CL"
•S 1`!?':'' alt P~~::'.'!l P:.QFERTY. a ~1 ;
~ S,I~ FUt:S:il.1iF TJ a i 71• t, A:TS OF 1911. - ~9]~ I'~~.•i 30 ?vi 22
CLERR CI=:iii.T :.i)UkT. Si. IUaE CO. M. V~r ~.ILi:L' Rkt f~ G:'3..: 0
S ROGER
POITRIfSA
CLERK CIR~I/IT Ct'~N jJ
_
438042
' (herernafter referred to as the Mortgaged Prop(styl, and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
• ' and wui deferxl the same against the lawful claims of all persons whomsoever.
? PROVIDED ALWAYS. that if _ KellLneth La Varn Drt~moIId ,the Maker is) of that
llnsert lJamelsl?
'
certain promissory note dated the (late hereof (the Notel, hi A .heirs, legal representatives or assigns shall pay to hlortgagee -
• the principal sum of S 10,Q43_24 as evidenced by the Note, with interest arxf upon the terms as provided therein, the final
maturity date of the Note and of this Mortgage being _ ~Y 28th 19 90 _ ,which Note provides that
• _ all installments o/ principal and interest are payable at the office of Mortgagee, or at such other place as the holder may designate rn '
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 de.faurt be made in the payment of any installment thereunder and that if such default is not made
good rn accordance wuh the terms of the Note, that the ent+re principal surn and accrued, earntd interest shall become due aril payable
T i without notice at the option of the hoder thereof, and shall pcYform and comply with each and every shpulat,On, agreement and cov-
- enant of the Note and o1 the 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 imerest and pnnupai promptly when due. Mortgagor covenants so nay the taxes and assess-
' merits On said property, to carry insurance aga+nst fire on the tw+ldrng on said land for no! Less than $ ,approved
~ by the Mortgagee, with starxlard mOriyage loss clause payable to h'Ortgagt•e, the policy to be held by the Mortgagee and to keep the
~ bu:!d+n
q on said Iarx1 m proper repan
i
- This FAortgage shall secure not only ex+shng +ndebt(•(Iness, but also such future a(vances, wneiher such advances are obligatory or
to be m;xie at the option of hlortgagee, o+ othermse, as are made y.:thin twenty 1201 Years from the (fate hereof, to the same extent as
'f such future advances were made on the date of the ex~ec~ution Of this tdortyaye, but such st:curd(i md(~trtedness shall not exceed at any
tame the max.mum pr:napal amount of $ p!us interest, arxf any [i+sbursements made for the payment
- O
U of taxes, levies, or ,nsurance, on the h90rtyag(rd Property, vvdh ,merest on such disbursements. Any such future advances, whether
r - obl+gatory or to be matte at the opt,on of the Mortgagee, or otherwise, may tie made either poor t0 or after th,t due date of the Note or
i -ry1 any Other notes secured by th+s Mortgage. Th+s Mortgage s given for the specific pu-pOSe of securing any and ail ,nd~bted^ess by the
€ - ~ h!.+k4r to D11e+tyagee (but in ro event shall the secured indebteclnegs exceed at any ume the max+mum pr mc:pat amount set forth in this
! - .-7 paragraph) m ;whatever marner this ,rxfeUte(iness may btr ev+denced or rep.esentctd, unr,l th:c MortgJryt +s satisLe[1 of record All cove-
nants and Jyreements coma,ned rn th=s hlurtgage shall be Jppl:catile to all further advances ma(h• by 1Aortg.rgee to Maker under this
>J futuie .xlvance clause.
66 3 to
_ 1-r W' $hOU~d any Of ihP ,rbOV~ COY••'+JniS bP brO~.en th•rn the Note an(1 a!I rn Ons•y5 sPCUr•'d hereby shall, wrth4ul deman(1, if the
~ ~ h1=~.tgagre, so elect, at onr-a b•'COm•' due anri pavab!e and this mortgage maY b'' fo•erio:~•r1, Jnd alt co°.ts and (•xpenv ; O1 col:ect+on arxf
• .-L •easonab a attornevs• tees, rne(ud~nn costs, •°xpenses and reasonable attorneys' fees on appeal, ;f canecr=.d by Ieyal proct~.'<linys or
gg@ _ 'N ~ rnrough an a'to•ney at iav, ihali ht, p;.+rd by ?hr• hlakr•r, arK1 th;• 5,1me are h(,'r,•by SeCUr~rri.
J GA
5 - ~
tN Y~iTNESS WHFFL'JF, the M~•taa or n;r;.•x. iur•r1 this hin.r re !n.th
~ G g as ;tf the date t rsr :,fu-+vc• <,et
~ ~
c/1
$,yned, v/:flY~1 Jn(i (1e••v•'•e,l
ortn.~yor l 7
a
e'
STATE OF Florida
St. Lucie '
COUNTY CAF ~ •
I HEREBY CERTIFY. j`~ppp,}h+5 daV. bttOrn me, an ,~ff.c:.r (iu•y eor`~~~rv,rt +n tr $t;rr.• afore,ayl arui :n the County JfOresaid
tr ~r'•i.
`,Jkv Ji;k ^O:; iedgmer2f3i~ e'tlred -ACNiiCt{L-L~ Yara--LL1~W - 'r~ . 'r, nt; y: r: tr/ bF thv pwr SOn d.:SCribs•d
~ r~_ ~ -
and v.ho ex~cute~lD~,{~~Yr9 iti(~/rb~Mj an(1 ---Hg_-- _ :,cknovrc•d~.f•tl tr•'ore roc, ..,.,t - H@---- °:x~cut.-.) the sJme.
WITNESS my~,~rttlandoff:c,~r~sl rr'c1ti~Counry „rut S•ar+~ :,-,.d tha _ 29th .fay ,t May
r. •
~ tJ-~t_ c~.t a._ 7~ - ~t c.~p
o G,
BISOK~~ PAGE ~~1 ~ ; ~ ~ Noi , Pubs+~
' i• 1~OiARY Gt;~i'C ST:•,TE Cf fLOAiDA AT 1A~vE
`:i .
'•v omm,ss=on Exp •es IAY CC;.t'AISSIQN :XP:2:S Ca 19 lirb~
~ =i1 EOI:~G Ir.RU GEti:r;,•l f'.S L•.p;lj~'.Ai:E.
4-6014-000-7 Rev. 8/77
i
I