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TM1: MORTGAGE, nsade this 6th d.y of Jung , A.O., 19 80 ,between
W t 1 t ra L.. Penn nd Beverly J`~,~~? his vif a IMortypurl and
Sun Bank of St. Lucie County IM«tgaga.l:
(Name of Sun Bsnk) ;
WITNESSETtI, tMt M«tgsgor, for end M considtratan of the premises and d «der to secure the payment of tM principal and
interest on tM rate lea hereinalta delinedl, M«tgages hereby grants, suigns transfers and mortgages to M«tgapee, its successess and
assigns foreve., tM lolbwirg described real property in St. Lucie County, Fbrida, to wit:
Beginning at the southwest corner of the W~ of the W~
of the SW~ of the NE3t of Section 8, Township 35 South,
Range 39 East, run North along the West line of the W~
33 feet; thence turn and run East 42.5 feet for point of
beginning, rhwnce continue East 147.5 feet, thence turn
and run North 250 feet, thence turn and run West 147.5
feet, thence turn and run South 250 feet, to paint of
beginning; the same being Lot 1 of an unrecorded plat of
the W~ of the W~ of the SWt~ of the NEB of Section 8,
Township 35 South, Range 39 East.
(Th~s is a second Mortgage)
Gl '4fZ Recsttred • ~ In Psyft>,nt Oi Taxes
Due On CIMt1 ittgnpible PeraOSlat P?p~Mrtyr
19~ JUN I 1 IIM ~ 46 ou.auafn To ~t, t~,,t~ a
RpOER POITRAS
A `A. ~er>< Circuit Cour>L SL 4fclf?, Co.. Rr.
_ - NEINt CIRCUIT C T
- t118~•lIERIPIlQ
- (hpeirsalter referred to ss the Mestgaged Propxtyl; and the Mortgages does hereby fully warrant the titN to the M«tgaged Property
` and whl defend the same against the lawful cgwns of all persons wlsomsoever.
PROVIDED ALWAYS, that it William L. Penn ~ Beverly J. Penn his wife ,the Makarls) of that
' ~ Ilraart Narrtelsl)
- certain promiss«y voce dated the date hereof (the Notel, their hears, legal representatives or assigns shall pay to Mortgagee
1 _ 1M principal sum of = 5 , 239.88 a, evidenced by the Note, with merest and upon the terms as provided therein, the final
~ maturity date of the Note srd of this Mortgage being June 6th ~ tg84 ,which Note provides riser
r all instalknents of principal and interest are psyabN at rise office of Mortgagee, « at sych otMr place as the hoklar may designate in
writing, and that each maker and ardorsN afire! t0 pay all coats of tolktMion, including a rMSOrsable aft«rsey's lee, upon default in the
payment of tM Note, and that if default ba made in the payment o/ any instalMnent thereunder and that if such default is not made
good in socordsnce with the terms o/ tM Note, that the entire principal sum and accessed, earned interest shall become due and payable
without notice st the option o1 the hokter thereof; and shall per/orm and comply wish each and every ssipulstion, agreement arsd cov-
srsant of the Note and of this M«tgage, then this Mortgage and the estate hereby created shall be void, otherwise the soma shall rertsain
in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the axes and assess-
i ments on said property: to carry inwrance against fire on the buiktirq on said land f« not less than = n~a ,approved
by the M«tgagee, with stardard mortgage bas clause payable to Mortgagee, the policy to be held by the M«tgagee and to keep the
bu~ldug on sad IMd M proper repair. _
This Mortgage shall secure not only existrrq esdebtadrsess, but also such future advances, whether such advances xe obligatory «
to be made st the option of Mortgagee, « otherwise, as are made within twenty 120) yeas from the date hereof, to the same extent ss
j if such future advarst»s were made On the date of the execution of thisM«tgage,but such secured inrkbtedness shall not exceed at any
i
V time the maximum principal amount of = n~a plus interest, aM any disbursements made t« the payment
o/ rues, levies, « inwrance, on rite M«tgsged Property, with interest on tud? disbursements. Any such future advances, whsther
obligatory or to be made at rise option of tlse Mongagee, or otherwise, may be rrsadt either prior to or aher the due date of the Note «
u any other notes secured by this M«tgage. This Mortgage is gwen for 1M specific purpox of securirq any and all irsdabtedrsess by the
y., O Maker to M«tgsgee (but b ra event shall the secured irdebtedrwse exceed at any time the maximum principal amount set forth in this
~ pxagraph) in whatever manner this rrsdebtedness may be evidenced w represented, until this Mortgage is satisfied of r~c«d. AM cove-
nants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
• _ ~ to future advance clause.
O Shoukt arsy of the above covenants be broken then the Note and all moneys secured hereby shall, without densarsd, if the
_ x Mortgagee, so elect, at once beconse due and payable and thismortgsge may be f«edosed, and all costs and expenses of collection and
~ reasonable attorneys' tees, rneludnsg costs, expenses and reasonable aft«neys' fees on appeal, if collected by ~ proceedings «
~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
y IN WITNESS WHEREOF, the Mortgagor has exewted this Mortgage ss of the date first above set forth. s
rn
. _ Srgrsed, sta and delivered ,
in Our pt .
r• ~
~ ~1'~'~ ~i+ (SEAL)
or r)
d (SEAL) I
1 1
i
STATE OF glorida ~ ?
COUNTY OF St. Lucie
~ IMrrt;,,
1 HEREBY CERTIFY, that on this day, bef«e me, a,~~~l~~~*~fitMrized in the State aforess~d xd w+ the County of«eaid
t to take acknowledgments, personally appex~dj11i8T~f ~ D to me known to be the person described
s
in and who executed the (oregoirg insvumem and ~trs~l~d before me that they executed tM same.
$ W ITNES4 my hard and oltKral seal rn the Counttrs~ S~e !ate th$ day of ,
A.D., 19 tSU s' ~ ' ~ ? ~ ~ O
NOTARY PUBLIC ST:~TE CtF RO?!DA AT LARGE ~ es:
Mt :OlN1iiS510~; E/Pir~S i.;~ ti t9iss r~. _ ~
f~i01~-0OP>!RM.f!» ~faNG.i. Il'IRN CiENcK.a hiS vt.Liic:/Rlit:iu E..o,r...ns
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