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Home My WebLink About2040 DIRECT HOME IMPROVEMENT MORTGAGE riITH FUTURE ADVANCE 4889U6 THIS MORTGAGE, made this 2nd day of Jllile A.D., ftJ' ,between' John B. Lyman and Sandra P. Lyman, his wife (Mortgagor) and Sun Bank of St Lucie C9unty IMortgageel: (Name of Sun Bank) WITNES5ETH, that Mortgagor, for and rn consrderatron of the premises anti in order to secure the payment of the prrcrpal and rnterest on the note las herernaiter detinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property rn .St • Lucle _ County, Fbrda, to wit: Lot 11, Block 1637, Port St. Lucie Section Five, according to the Pla% thereof, recorded in Plat Book 12, Pages 15A through 1SD, Public Records of St. Lucie County, Florida. Rzczr,l:a s d 1.78 . n ~~•.,...r~ ,.t:1,aEri c~~:.:;~ i:.t. ~ i s~ ~r,rx 19&) JUN 5 iUr^.S:::.~f TJ 71- - , ::TS -6 PM ~ 03 K~:_a har~a~ CLERK QaGWT CONST, ST. LUtiE CO. ~ F3iQ' ~ PW TAASO CO TY. A. ~ CLERK 61RdNT--`6~ ItECORS ~rCRIFiEO~ 1: ~ 48906 ' (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the true to the Mortgaged Property and wnl defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that of JOhn B. Lyman and Sandra P. Lyman, hls wife ,the Makerlsl of that 1 - (Insert Name1s11 ' certain promissory note dated the date hereof (the Note), their heirs, legal representaUVes or assegns shall pay to Mortgagee - ~ 10 887.72 the principal sum of 5 ~ as evidenced by the Note, with rnterest and upon the terms as provided therein, the tirtal maturity date of the Note and of this Mortgage being `j~e 2 s , 19 90 , 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 writing, and !hat each maker and endorser agree to pay all costs of collection, including a reasonable attorney's tee, upon default rn the payment of the Note, and that of detautt be made in the payment of any rnstatlment tMreurder and that rf wch default is not made - good m accordance with the terms of the Note, that the entire pnnapal win and accrued, earned interest shall become due and payable without notice at the opt,on of the holder thereof; and shall perform and comply with each and every strputation, agreement and cov- enant of the Note and of This Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain ' in full force. Maker covenants to pay the rnterest and Pnnupat promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry insurance agarnsi f ere on the building on card laird for not Tess than 5 n a ,approved by the Mortgagee, with standard mortgage toss clause payable to Mortgagee, the polecy to be hekf by the Mortgagee and to keep the building on said Land rn proper repair. ~ This Mortgage shall secure not only exest,ng indebtedness, but aao wch future advances, whether wch advances are oblegatory or to be made at the opt,on of Mortgagee, or otherwese, as are made wethen twenty (201 years from the date hereof, to the same extent as ~ rf wch future advances were made on the date of the execut,on of th,s Mortgage, but such secured indebtedness shalt not exceed at any i G ume the maximum pnnapal amount of $ - n~a plus rnterest, arxf any disbursements made for the payment i of taxes, levees, or esurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether j _ y obligatory or to be made at the option of the Mortgagee, or otherw,se, may be made ether prior to or after the due date of the Note or any other notes secured by thes Mortgage. Thrs Mortgage es given for the spetetec purpose of securenq any and all edebtedness by the Maker to Mortgagee (but en no event shall the secured edebtedness exceed at any trine the maxemum pnnctpal amount set forth in this ~ paragraph) in whatever manner thes ,ndebterlness may be evidenced or represented, until this Mortgage es sateshed of record. AR cove- 7f ~ Hants and agreements contaened m thes Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this iuture advance clause. _ C Should any of the above covenants be broken then, the Nnte and all moneys secured hereby shall, without demand, d the A7ortgagee, so elect, at once become due aril payable aril Thrs mortgage may be foreclosed, and all costs ancf expenses of collect,on and ~ reawnable attorneys' tees, entluding costs, expenses aril reasonable attorneys' fees on appeal, d collected by legal proceedengs or tnrough an attorney at law, shall be peed by the Maker, and the same are hereby secured. 7i ! =_j; ~ IN WITNESS WHEREOF. the Mortgagor has exrr:u;ed this hlortgage as of the dare t~rst above set forth. Signed, sealed and de~evered I 'n oQQu~~r presence- ~ ~~eifl'w'y • _ _ ISEALI ~rrnnWlo gagor ~ GCt 1-_~ ~ (SEAL) (Mortga r 1 Florida Sandra P. Lyman ~ STATE OF 1 } s COUNTY OF St. LUCle l 4t R 1 HEREBY CERTIFY- That on this day, before me. an offeeer duly autfw+ered in the State aforesaid and m The County atoresaed s r to take acknewied9ments, personally appeared ~]nhn R_ and Sandra P_ T VIIIaTlp me known to be the perwn described ,n and who executed the foregoing ,nstrumenr and - , acknowledged before a that the executed the same- • •t - T ) WITN my hand a^.d o!f,ceal seat .n the Counti,.~d3~e, , a reseed thes cfay of , . . +'14 - - ~ . . fr~ .ublec ,.~~~r.Y Yu LtC STATE OQ fLOAIDA AT LARGE ~j~ e';;MyCommessron Exp,res, r Ly,..,:i,~IC:T Eiu'1FES Net.it 21 1984 8t R~~ PtGF2,~7~7 _ A~C~;~'. ie:r.J IiJ~. u;+utxwAlT~ls_ 4-&014-00p-7 Rev. 8/77 ~ F , :Ain. , -a - _ Ns