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HomeMy WebLinkAbout2533 DIRECT HOME IM?ROVEMENT MORTGAGE ' ~3~~0 ~ WITH FUTURE ADVANCE THIS MORTGAGE, made this 6th day of Jung A.D., 19 , betwsert' Joseph B Peck and Jacquelin H. Peck, his wife _ (Mortgagor) and Sun Bank of St. Lucie Co. IMorigagee?: (Name of Sun Bankl WITNESSETH, that Mortgagor, for and in consicJerat,on of the premises and in order to secure the payment of the principal and interest on the note las hereinafter defined!, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the toBOwing described real property iii St. Lucie County, Fbrda, to wit: Lot 28, Block 72, RIVIIt PARR UNIT 9-C, a Subdivision according to the Plat thereof recorded in Plat Book 15, page 28-B, Public Records of St. Lucie County, Florida. TRIS IS A SECOND MORTGAGE ry~ 1~ _ ~ - Rscehred • M Psrnrwtt Ot Tlno~ FILES ~NC'ECcOttOiD ~~~y1o~~. St' UCI COUNT Y. f L A. Dus ~ N~ - POITRAS gnsuar>ll To CLE111t CIRCWT COUa cA~w ~1.13b. Aob Ot ~~Jjt. i , ~ ROOEA POITRAS _ j REtoa• vERIF!EQ ZIffXS circuit cowl, LIUCN, Co.. Fpl. 49251 - . ; _ (hereinafter referred to as the Mortgaged Property!: and the Mortgagor does heri~y fully warrant the t+tle to the Mortyaged Property and viol defend the same against the lawful claims of all persons whomsoever. . ~ PROVIDED ALWAYS, that ,fJoseph E. Peck and Jacquelin M. Peck _ ,the Makerfs) of that • ~ - !Insert Namelsll their certain promissory note dated the date hereof (the Notel, heirs, legal represematwes or aligns shall pay to Mortgagee the principal sum of $ ~~036.22 as evrdericed by the Note, with interest and upon the terms as provided therein, the final l ' v ~ matunty date of the Note and of this Mortgage being `Tune 6th 19 90 ,which Note provides that ' - al! installments of pnnc,pal and interest are payable at the office of Mortgagee, or at wch other place as the holder may desiynate in - 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, arxf that if default be made in the payment of any installrr.e+tt thereunder and that if wch default rs not made -y - good in accordance with the terms of the Note, that the entire pnnerpal vim anti accrued, earned interest shall become due and payable _ without notice at the option of the holder thereof; and shall perform and comply wrth each and every stipulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shalt be void, otherwise the same shall remain in full force. Maker covenants to pay the. interest and principa~ promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property: to carry insurance against fire on the twilling on said land for not less than $ 11~a ,approved by the Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land in proper repair. i This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such 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 wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any ! time the maximum principal amount of S n~a plus interest, and any disbursements made for the payment of razes, levies, or insurance, on the Mortgaged Property, wrth interest on wch disbursements. Any wch future advances, whether I - ~ oblgatory 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 OJ' any other notes secured by this Mortgage. This Mortgage is g.ven for the specific purpose of securing any and all indebtedness by the is ~ Maker to Mortgagee (but in n0 event shall the secured indebtedness exceed at any time the maximum pnncipal amount set forth in this ~ paragraph) in whatever manner this indebtedness may be evidenced or ren:esemed, until this Mortgage is satisfied of recrxd All cove- ' Hants and agreements contained in this Mortyage shall be applicable to alt further advances made by Mortgagee to Maker under this O! ice: future advance clause. O ~ ~ ' ~ ~ ` Should any of the above covenants rte broken iher. the Note and all moneys secured hereby shall, without demand, if the c _ • ~ ~ hlorcaagee, so elect, ai once become due and payable arxf this mortgage may be foreclosed, and all costs and expenses of collection and S }i r-t' reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on anneal. if collected by legal proceedings or } ~ ~ ~ through an attorney at law, shall be paid by the Maker, arxf the same are hereby secured. yr ; D IN irVITNESS WHEREOF, the Mort a r has executed this Mort a ~ 9 9o y ge as of he to fast above set forth. H ' - Signed, sealed and de:ivered .n our p _se ce' - _ ~ (SEAL) • / (Mori agor? IMortnagor 1 i I STATE OF Florida I 1 1 COUNTY OF St• Lucie 1 ; c t 1 HEREBY CERTIFY,rthat on this day, before me, an officer duly authonted in the State aforesaxf ancf in the County aforesaid s.1NUirur~ to take acknowtedgrtlen~~s r ~ red -j(Lerh br TaCiUelilL-PECk to me known to be the person described ' x ~g .n and who executefilhe:~Jfttagolrtl~w •;r~~ arxl they acknowledged before me that they executed the same. # WITNESS m ~ ~ 11 ycF+~fStt;~r?~Oi~~?tWA(tirr~~ounty and State I roresaid this~/~ 6th y~ day of June p t GB ~ hio ry Pubhc iC J~~-o;, - NOTARY Pu8l1C STATE CIF !'LOR!DA AT LAkCi i _ s h1 Commission Expi es 'i '~ri MY COMMISSION E::i.~~S U:C 19 198 j ~ r~/~+, •,'q f~R r EONDED THRU Gc:acr.~~ It~i LNGfRWRITERS ~ 4-6014-000-7 Rev. 8/7T e~ BC~K~~ P4GE~ t. .