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Home My WebLink About0523 DIRECT HOME IMPROVEMENT MORTGAGE ~ ~ ~ ~O° ~ 9 WITH FUTURE ADVANCE a 488043 THIS MORTGAGE, made this 28th day of May A.O., 1980 ,between' W. James Frawley, Jr. and Jean M. Frawley, His Wife (Mortgagor) and Sim Bank of ~r I11C1P t^ntmty (Mortgageel; (Name of Sun Bank) 1~ITisL$$ETfi, toot iri3ityoyui, fpi ~Rd it Cia.+S:,'ltt.:::'u i, of 2ht Vis:.t...ta 3'~d ttt ^v Tt'.LT t0 •wt' p3~^.t~^t Of flu ~r.rvr~l drrd rnterest on the note las herernalter defined), htorigagor hereby grants, assigns transfers and mortgages to Mortgagee, cis successors and assigns forever, the following descrrbttd real property rn St. LuCle County, Florda, to wit: Lot 12 Block 184 of South Port St. Lucie, Unit 14, a subdivision according to the Plat therof, recorded in Plat Book 16, Page 29, of the Public Records of St. Lucie County, Florida. This is a Second Mortgage. 1980 t!A'; 3p Ali ; 22 f ~ RECEtYfD f •~O. O IM PA:'ll!FIIT OF TAlf1:S . ! ~ QUL QV CL~:+S 'C' I't~ 3lE PiRS'Ja.l P.~r1iERTYI FILER crjL F,+.Uhtrt 0 tUR;;+Nti To r:i,`.?T~_' 7t-':1. ACTS OF 1911. SLLUCIECC;iN1Y.fLA. lt;;oiR P:;IiitAS ROGER PQITRAS (yt • C~ERX CIRCUIT CO;; T~ t q.:GUiT COUaT. ST. LUCU: 00, FIA.({~ _ 7 488043 tsj (herernalter referred to as the Mortgaged Property); arxf the Mortgagor does hereby fully warrant the true to the Mortgaged Property _ ~ and will defend the same against the lawful claims of all persons whomsoever. 1 ~ t PROVIDED ALWAYS, that rf W• James Frawley, Jr. $ his wife Jean M. Fra~~,~~akerls) of that _ - } )insert Namelsl! certain promissory note dated the date hereof (the Note), their hems, legal representatives or assigns shall pay to Mortgagee I - ~ ~ 10 043.24 the principal sum of $ ~ as evrd~nceduby the Note, with rnterest and upon the terms as provided therein, the final • ~ maturity date of the Note and of this Mortgage being _L' a~ 27, , 19 90 , which Note provides that ! all installments of prinupat and rnterest are payable at the ofLce of Mortgagee, or at wch other place as the holder may designate in - t writing, and that each maker and endorser. agree to pay all costs of collection, including a reasonable attorney's tee, upon default m the = payment of the Note, and that rf default be made rn the payment of any installment thereunder and that ri wch default rs not made - ~ good rn accordance with the terms of.the Note, that the enure prrncrpal vim and accrued, earned rnterest shalt become due and payable without nonce at the option of the holder thereof: and shalt perform and comply with each and every stipulation, agreement and coy- enant of the Note arxf of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain rn full force. Maker covenants to pay the rnterest and prrncrpal promptly when due- Mortgagor covenants to pay the taxes and assess- ments on Bard property: to carry rnzurance against irre on the lxirWrng on card land for not less than $ n/a ,approved by the Mortgagee, with standard mortgage toss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the bwldrng on card land m proper repau. Thrs Mortgage shall secure not only existing indebtedness, but also wch futwe advances, whether wch advances are obligatory or 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 ,f such future advances were made on the date of the execution of this Alortgage, but such secured indebtedness shell not execx.Y1 at any Q time the maximum prrncrpal amount of $ n~a _ plus rnterest, aril any disbursements made for the payment y ~ v of taxes, levies, or rnzurance, on the Mortgaged Property, with rnterest on wch disbursements- Any such future advances, whether obligatory 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 aecurrd by this Mortgage. Thrs Mortgaye rs given for the SpecrLc purpose of securing any and all indebtedness by the - Maker to Mortgagee (but rn no event shalt the secured indebtedness exceed at any rime the maximum principal amount set forth rn this pt - ~ paragraph) in whatever manner this indebtedness may be evidenced or represented, untrl-thrs Mortgage rs sansfred of record. All cove- s ~ Hants and agreements contained rn this N{Ortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ future advance clause. ~ rY C . Should any of the above covenants t>'t b+oken then the Nnte and all moneys secwed hereby shat), without demarxf, d the - Y, ~ Mortgagee, 50 elect, at once beeomr• clue and payable and this mortyage may be foreclosrxl, and all costs and expense; of collection and ~ reasonable attorneys' fees, including Cost S, exper.sez and reasonable attorneys' fees on appeal, rf coiiecn:d by Irgal proceedmys or through an attorney at law, shall be. paid by the Maker, ant the same are hereby wcureti. i - - ~ IN SYITNESS WHEREOF, the htn~tgagor has ex•~eut.:d *,hrs Mortgage as of the date tryst at~me set forth. .r ~ - i' $;gned, se cf and dei.vered .n OU p nC / ' ft/+C2 - ~ ~ ~ - ISEAU C/ Mortgago~l _ ~ ISEAU Jean M. Frawl -r STATE OF Florida , `r r - ~ COUNTVOF St• LUCle i '•C ~ t..- I HEREBY CERTIFY, that on th;s day, before me. an officer Bury au!horra2d rpq~r~ ~ aforesaxl arxf rn the County aforesaxl to tak« acknow~edyment;, pe•sonaUy appearc~~James Frawley, Jr. • k~~WthFt~ the pPrsondezurbed ' they ~ ~ ` ; : the m and who executed 'he foregO~np instrument ancf aCknOW~Cdged fm~that Y PxeCUted the same. WIT S my hand and off ~c.al sea! .n -he County and St afores~lii tbis ~ day of , A D . '9 • t . . Nola Pub c : ~ • y.s, ~ .~:r , iQRAR11 ?UILIC tTATE Di R,ORIDA AT tNC~E My omm ssron Esp~` ; ~ GOMMIiS10M 0~1~ OCT . N N02 _ a-6ota-ooa~ Rev. sin pfd III ~Al Ya. y~Mq>i / pRi - r. 8tZ(M~ PjGf _ ~ _