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Home My WebLink About1564 DIRECT ff~ME IMPROVEMENT MUK 1(iACit a ~ " a""a`°^ tiYITH FUTURE ADVANCE THIS MORTGAGE, made this 30th day of Max. A.O.. 19 _$Qbetween' Ellwood L Peterson and Dorothy L. Peterson his wife (Mortgagor) and Sun Bank of St. Lucie County _ IMortyageel: 1 Name of Sun Bank i ' WITNESSETN, that Mortgayor, for and rn consrderauon of the premises and rn order to secure the payment of the prrncrpal and v ; rnterest on the note las hereinafter delrnedl, Mortgayor hereby grants, assrgns transfers and mortgages to Mongagee, its successors and ' I~~' ~ ' assrgns forever, the following described real property rn St. Lucle County, Florda, to vier: ~ ~r.i ( I ~ Lot 9, Block 3, OLEANDER GARDENS, a Re-Subdivision of Lots 2 and 3 of MARAVILLA GARDENS SUBDIVISION, as per .;i -r Plat thereof on file in Plat Book 9, Page 8, Public 1 Records of St. Lucie County, Florida, together with the South 5 feet of vacated alley lying adjacent to and Northerly of said Lot 9. o~ ` c~ vi - - - 19~ JUN -5 AM i~ OS Recer.•~t~ ~ ~1L to Parm.rn of T.>t.. FECRR~ILR Doc pr ..C.. E f ~~E11fOCA~~~CCC ` Pur„ • o ChaptA/'J~, ~~A~ Qf 1~. S~DGER PO~i?RASA. G~ ~ ~ S/ q.f.RK CIRCWT 1 _ ROf~A ~ ~1~ f r _ REC6F.B YERtF?E^ Chrk Ci?tuit CoufR, ~ / 1 4886'71 (hereinafter referred to as the Mortgaged Property): and the Mortgagor does hereby lolly warrant the nUe to the Mortgaged Property and vier) defend the same against the lawful claims ~t all persons whomsoever. PROVIDED ALWAYS, that rf E11WOOd 'I Peterson and Dorothy L. Pete~~~ris! of that Ilnsert Namelsll certain promissory rote dated the date hereof )the Notel, thole heirs, regal representatives or assrgns shall pay to Mortgagee the prrncrpal sum of $ 10 ~ 860 • 62 as evidenced by the Note, with rnterest aril trpnn the terms as provided therein, the tinat maturity date of the Note anti of this Mortgage being May 30 14 , which Note provdes that alt installments of prrncrpal and rnterest are payable at the office of Mortgagee, or at wch other place as the holder may designate m writing, and that each maker and endorser agree to pay all costs of collection, rncludrng a reasonable attorney's fee, upon default in the payment of the Note, and that if default be made in the payment of any rnstaltment thereunder and that if such default is not made good rn accordance with the terms of the Note, that the entree prrncrpal vim and accrued, earned rote+est shall become due and payable without notice at the option of the holder thereof, and shall perform and comply with each and every strpulatron, agreement arxf cov- enant of the Note and of thrz Mortgage, then th•s Mortgage arxf the estate hereby created shall be word, otherwise the same shall tomato - in 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 rnsurance ayarnst free on the burldrng on_sard land for not less than $ nla ,approved by the Mortgagee, wrth'starxfard mortgage loss clause payable to Mortgagee, the policy to be hekf by the Mortgagee aril to keep the buddrng on card land in proper repair. • This Mortgage shaft secure not only exrstrng ~ndebteciness, but also wch future advances, whether such advances are obligatory of E ~ to be made at the optron of Mortgagee, or otherrn;rse, as are made wrthrn twenty 1201 years from the date hereof, to the same extent as ~f such future advances were made on •+re date of the execution of this 0.lnrrgage, but such secured rndebicJness shat! not exceed at any t,me the max,mum pr mapal amount of $ _ nL-_ _ plus rnterest, aril any drstwrsementc made for the payment = O1 taxes, tev,es, or rnsurance, on the Mortgaged Property, with rnterest on wch drstrwsementz. Any such future advarxrs, whether ~ - obligatory or to be made at The optron of the Mortgagee, or otherwise, may be made c,ther prior to m after the due date of the Note or _ Jr~ any other notes secured by this Mnrgage. This Mo:Tgage rs green for the SpecJ;c purpose of securing any end all indebtedness by the = h!aker to Mortgagee Ibut rn no event shat) the secured nedebtedness exceed at any time the max,mum prrncrpal amount set forth rn this paragraph) m whatever mannw tF.is indebtedness may bP evidenced o+ represented, until this Mortyage rs sat,sf,ed of record. All cove Hants and agreements contained rn this Mortga~{e shall be applrcr>fTte to all Fu+ther advances made by MOrtgagee t0 Maker under this future advance clause. Should any Of The above covenants t>p broken then' the Nnte aril a!I moneys securer) nc:reby shall, without rirrmard, rt the hlortgayee, so elect- at once become clue arxf payable anti the mortgage may be loreetozecf, and alt costs and expenses Of roiled:on aryl rv. •easonable atie•neys' fees, ,ncludurg costs, expenses arxf reasonable attorneys' fees on appeal, rf collected by legal-proceedrngs nit though an a?torney at law, ihall be paid by the Makr•+, aril the Berne are hert•by cs•curecL r IN WITNESS WHEREOF, the h".Or!gagor ha; rx.•cutr<t ±h~s Mnr;gage as Of the date f,rst atrnvr. set forth. _ -mil S,yrted, seared and delrvererf Ellwood Z Peterson T .n o Bence ~ - ISEA~1 • (M Or T yag0+ =t _ - - - fSEAL! u~ .lortyayor Dorothy L. Peterson STATE OF Florida 1 1 COUNTY OF St. Lucie r r• I NEREBY CERTIFY chat o~ th,s day, hefo,r, ma, an r~'f,cer duty autho{r~Etl,~ tbE Stat~ and and rn the County atnreSard to 'a«r aCknG;ytr+dymeM,S, persona!iy aopea"+d J:r.11W00[~ ~1d~.~,~T.tKa~ to be the p~•son described 1 ~ • _ acl~Sow(~~efore me that: e executed the same .n ;rid v~h0 exeCUted tnv fpreyO~rtq in~lrum~nT Jnr1 the_~- t " _ . f 30th - " r.~~-' Ma WITNESS my nand a^d o`f.c~al shat trio County and Starr' s; foroslgdN~r qf-_ , AD, i9-~ Ss_ 'i?. '~1y Comm~ssron Ex~~R1r~U~ll1C STATE OF f101 IDA AT LARGE ~ Mr UaArJMiSStO!J EX7IRES SEPi 14 1983 46014-000-7 Rev. 8/77 ef~K~~ F~GE~~~ ICtJDED TNRU GENERAL INS , UNOENWµI(,f~:.. , ' - ' ~r+~ -