HomeMy WebLinkAbout0197 DIRECT HOME IMPROVEMENT MORTGAGE 4s~96'7 ~ a~ a°
WITH FUTURE ADVANCE v
THIS MORTGAGE, made this 13th day of June A.O., 19 , betwerrs'
Clyde Walls and Margaret Joan Walls, His wife (Mortgagor) and `
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Sun Bank of St. Lucie County - MMortgagee?: '
(Name of Sun Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and
interest on the note las hereinafter def inedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
assigns forever, the following described real property in St. Lucie COUnty County, Fbrda, to wit:
The South 125 feet of the East 107 feet of Lot 4, of -
J.I. Kellem's Subdivision as recorded in Plat Book 3, ~
Page 85, public records of St. Lucie County, Florida.
Subject to an easement and right of way over the Westerly__ _
17 feet thereof . ! ` _ ~ I ~ • . - `
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This is a Second Mortgage. _ _ "t' =
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a~•~- 111 PA`~T!R Of TAXEi 1980 .ll~l 13 PN ~ 53
RsCE1Y~1:
~ ~ 3 5 I' : Ca CLA~S 'C IrYTAN818LE PEt;:~?'1711 PROFERTYj FI EO ANC REC~DkO
~ r U.SuAi'IT TO 6U.;PTE~ 71a.°4. ACTS of 1171. SLR NCI COWITRY.~FS~A.
R;.&ER PWTRA~ CLERK CIRCUIT COURT
- Ll'~K C12.CNiT CGUAT. Si. WCIE CO. ftA.~'
RECOR! VERIFIE£t
- 4a96'~'3
(hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and will defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that if Clyde Wi311s and Margaret Joan Walls ,the Makerlsl of that
ilnsert Namelsl)
certain promissory note dated the date hereof Ithe Notel, their heirs, legal representatives or assigns shall pay to Mortgagee
the principal sum of $ lU, 831 • Ul as evidenced by the Note, with interest and upon the terms as provided therein, the final
maturity date of the Note and of this Mortgage being June 13th, , lg 9~ ,which Note provides that
all installments of principal and interest are payable at the office of Mortgagee, or at such other place as the holder may designate 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, and that if default be made in the payment of any installment thereunder and that if wch default is not made
good in attordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable +
without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov-
enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
ments on said property; to carry insurance against fire on the building on card land for not less than $ n~a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
budding On said land rn proper repair. '
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This Mortgage shall secure not only existing +ndebtrdness, but also wch future advances, whether wch advances are obligatory or
~ to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 years from the date hereof, to the same extent as
F ~1 if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
' ~I Ume the maximum pnnapal amount of $ n~a plus rnterr'st, and any d sbursements made for the payment
1, ~ t~ of taxes, levies, or rnwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
EI - ~ obligatory or to be made at the option of the Mortgagee, or otherwise, may be made ether poor to or after the due date of the Note or
E ~ any other notes secured by this Mortgage. This Mortgage rs given for the specific purpose of securing any and all indebtedness by the
t - ~ ~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum pnnapal amount set forth in this
~ paragraph) m whatever manner thrs indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
nants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
future advance clause.
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w~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
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Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
,k reasonable attorneys' fees, including costs, expenses and reasonable attorneys' tees on appeal, rf collected by legal proceedings or
~ through an attorney at law, shall be pad by the Maker, and the same are hereby secured.
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IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
_ ,,~^,I!I
i = > V9 Signed, sealed and delivered
m Our presen { d
s ~ ISEAI~
(Mortgagor) Y e Wa s
8J a~+c
ort9agor 1 ~t~113
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e STATE OF Florida 1 -
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tl COUNTY OF St. Lucie 1
~ aytirH!/1~..
I HEREBY CERTIFY - 'day, before me, an officer duly authorized "n the State aforesaid and in the County aforesaid
- 'r # `'r ~ lyde & Margaret Joan Wa113 to me known to be the person described
to take acknowledgm
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m and who execute~t ~pQ~ty}tru' ,8d they acknowledged.betore me that they executed the same. ~
N.. • ~o'ff T.
WITNESSOmy~+a~.tae[~)~f~i~l se~*~~C¢unty and State I foresaid this 13th day of June ,
ry? ~ _
oo'.,~ 3 C
i+ r, ti-y NO ry Public '
M ommissron Ex ARY PUbI.C :T..TE OF FLORIDA AT IARGE
's ''r~ ~ ~M~Y COMMISSION EXPIRES DEC 19 1983
E rrrrtiHM lONDED TFIRU GENERAL INS UNDERWRITERS
a-sot'4-ooa~ Ra?. sn~ St10Rt)t)J PAGf E.~°,^~~.~