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Home My WebLink About0198 • ~ ~4 MORTGAGE 3`° 3 ' DIRECT HOME IMPROVEMENT 474 WITH FUTURE ADVANCE TNIS h~ORTGAGE, made the 13th day of _ ~1]nB A.O., 19 .between' -Philip L. Butz and Donna C. Butrz, his wife- IMortgag~rl aria s Sun Bank of St Lucie County _ IMo„,; INameof $un Bank] WITNESSETH, that Mortgagor, for and rn consrderatron of the premises and rn order to secure the payment of the principal and t interest on. the note (as hereinafter delmedl, Mortgagor hereby grants, assrgns transfers and mortgages to Mortgagee, rtssuccessorsarxi assrgns forever, the following described real property m _ County, Fbrrda, to wit: i 1 The West 15 feet of Lot 7 and all of Lot 8, and the East 20 feet of Lot 9, Block 16, LAWNWOOD ADDITION, according i to the Plat thereof, as recorded in Plat Book 2, page 16, r .of the Public Records of St Lucie County, Florida, 0 1lccavro : /o.~ 1N PA`.'F.1ENT oc TAXE= 1980 13 PN ~ 53 ~ CL's G71 CLt~S 'l;' INTsN& 3LE P~RS~k~I PRO?ERTY. FNRSIirLYT TO LIIaPT:~ Il- :4, ACTS Of 1171. F LE8 Illy REC R06e~T PURi'+AS ../l. SR SIR PWTRA~~A. CLEpX CL'tCWT COUitT. ST. LIICIE CO, fLA.9 ? l CLERK CIRCIpT St 48~6'~4 p l (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the Utte to the Mortgaged Property ~ and watt defend The same against the lawful ctarms of all persons whomsoever. ~ PROVIDED ALWAYS, that rf Ph111Q L'. Butz and Donna C. BIItZ _-,the Makerliloftf)at i,~;~. ?Insert Name(sl! ! , certain promissory note dated the date hereof (the Notel, tllelr t)errs, tegat representat vet or assrgns shall pay to Mortgagee i the pnnupal sum of 5 S O8 as evrdencecf by the Note, wuh rnterest aril upon thente~rfms as provided therein, the final maturity date of the Note arxi of this Mortgage berny nR('_R1t11']er 13 , - 1982- ,which Note provides that - all installments of principal and rnterest are payable at the office of Mortgagee, or at wch other place as the holder may devgnate en writing, acrd that each maker and endorser agree to pay all costs of collectron, ~ncludrng a reasonable attorney's fee, upon default rn the payment of the Note, and that rf default be made rn the payment of any mstadment thereunder and that d wch default rs not made t good rn accordance with the terms of the Note, that the entire principal vim and accrued, earned rnterest shall become due and payable a without notice at the option of the holder thereof, and shall perform and comply with each and every strpulatron, agreement and cov- 1 enant of the Note and of Thrs Mortgage, then this Mortgage a:xf the estate hereby created shalt t>P void, otherwise the same shall remain rn tuft force. Maker covenants to pay th.r mte+est and pnnupal promptly wtren due. hforTgagor covenants to pay the taxes and assess- ments on sacd property; to carry insurance ay;rrnst fire on the tw:Wing on said tariff for rot less than $ N~A _ ,aOProved 1 ~ by the Mortgagee, with standard matyaye toss clause payable t.) Mortgagee, the policy to be held by the Mortgagee and to keep the I~ bw:drng on said land .n proper repair. Thrs fdortgage shalt secwe not only ezutrng indt'btedness, but also wch Tuture advances, whether such advances are obligatory or to be matte a: The option of Mortgagee, or otherw~s«, as are m:xfr w~thrn twenty 1201 y•rarz !rom ;he date hereof, to the s„me extent as ~1 such futur« :xlvances were macf.t on th« date of the execution of this Mortgage,.but wch secured indet)tedness shall not exceed at any Line the maximum pnnupal arr.ount of S plus ,merest, arKS any dat)ur5ements made f0* the payment 1 of fazes, !ewes, or ,nsurance, on ths' Mortgaged Property, w+th rnterest on wch d,s!)ur,«ments. Any such !afore advances, wh°t her i obligatory or to be made at The option of the Mortgarr••^ ~r otherwise, may t~ matte erthP. Rr,Or to or after the due dat? of the Notr or f' any other notes secured by th•; h1n•tyage Thrs Mortgage _rv«n for the Wr~c~t:c purlwu• of securing any arxf ale ~rdd)tectrress by the i~ Maker to hlorryagee (but rn no event shalt the secured indebter/Hess exceed at any time the maximum pnnupal amount set forth rn this - ~ paragrapnl .n whatev«r manner this indebtedness may be ev:dr•ncecf or represented, untie +h,s Mcrtgarly rs satisfied of record. Att cove- Hants and .agreements contained rn th,s Alortgag« shall be appLCat)le to aft furthw -.rlvance; marfe• by ?><lortgagc'N to Maker under this future advance clause. ~ Should any Cf ttr<• .rt)Ov covenants t>'• broten then th« Note arKf a'I moneys secure*f hr_reby ;half, without demaerf, ri the ¢ Q 1~iortyayee, so elect, at once become due arxt payable .,rid this moriyage may t>~ foreclosed, arxf alt costs grief expenses of collectron and •easonabie attorney,' fees, rncluding cents, exp«mes acrd reasonable arorneys' tens on appeal, :f couect~•ef by tegai pmc~•erfrngs qr - ~ tr•rough an atto•ney at law, shad be paid by the FAaker, arxf the same are hereby v~curetf. - Iti 7rYITNESS Y~NEREOF, The h!nrTgarlor r:a;.•xecu*•<f this ":SurTt}age as of Th•• date fast .rixwe set forth. - f ~ - - S•yned, s«alect and de~wr•rrrf ~n par r - n r ~ _ - P li LJMn~Tr,aq~r? B tZ _ir C/K-It.~ tSEAl1 !Aloe tr;agor l ~ Donna C. But ! STATE OF FLORIDA ' i 1 ~ cov!vTY of ST . LUCIE t r • i HEREBY CERTIFY, That on rhrz day, before, me• on pf!,c«r duty authorved m th« State aforesaat end rn the County aforesarJ 'O Tdk« ~Cknp,y(apym?ni5, person pea+edPhlli~ L. Butz and Donn Can Bu~p~,~ Thh~s~wdlfPb~ ; .n a-td ,tih0 ex?toted the }>brQp~il~~t~(lrJtCr/~rtnd _ t~_ . aCknowiedgeCf brforN mN Thai th~_ executM the same. 1 WITNESS my harftl1~~pN,c,al seaTul !F}p Pyunty grief Stare fast a res :d th,s __,.~t~l-- day pf --~11IIL - . VV • ~'~A tt 7 ' - . acv, • ~ ~ Votary Pubic ! B~ P~Cf r~ ~ v i; u S I.~~ ~T ~ ~•~Y Commrss'o~E%1~e~lLIC STATE of FWRI AI IAR~E a sofa-oo0.7 Rev. 8/77 ~ ` ~1y f. ~~OMMISSION EXtII~S AMR 7 1984 ~ IiRU GEWEML INS. UPlpflSWRITERS•- .