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DIRECT ROME IMPROVEMENT MORTGAGE 3a ~ ~ ~
wITFf FUTURE ADVANCE -
THIS MORTGAGE, made thrs 11th day of June , A.O., 19 ~Q_ ,between'
Ben3amin F. Coleman and Phyllis M. Coleman, his wife IMortgagorl and
Sun Bank of St. Lucie Co. (Mortgageel;
(Name of Sun Bankl
WITNESSETH, that Mortgagor, for and rn consideration of the premises and in order to secure the payment of the prrnupal and
interest on the note las hereinafter defrnedl, Mortgagor hereby grants, assrgns transfers and mortgages to Mortgagee, its successors and
assigns forever, the following descrbed real property m St. Lucie County, Florda, to wit:
Lots 15 and 16, Block M HARMONY HEIGHTS ADDITION,
a Subdivision according to a plat therof recorded
in Plat Book 8, page 38 of the Public Records of
St. Lucie County, Florida. _
THIS IS A SECOND MORTGAGE
RfC*_~1fED s S•~_ tN PA`.~:'kT r3F TAB
Ctl"c R.1 CtA3S 'C' INTI IIC.SLE P 5~:•' : 1' Ewf~, 19~ .~I 13 PN ~ 53
iUKSIr1JIT 70 C1IAFTE4 71-134. ACTS OF 1111.
ROGER PWTRAS F ``EO ~F •
CLEJiK QRCWT CWY'T, ST. LIIgE CO., E11A~ S R06EP01 RA~A•
CLERK CIRCUIT
RFCORS VERIFIED.___
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(hereinafter referred to as the Mortgaged Propertyl; and the, Mortgagor does hereby fully warrant the true to the Mortgaged Property
~ and writ defend the same at;arnst the lawful clauss of all persons whomsoever.
O PROVIDED ALWAYS, that rf Beniamiri F_ and Phyllis M_ Coleman ,the Makerlsl of that
~ 1 ~ jlnsert Namelsl)
1 certain promissory note dated the date hereof (the Notel, hens, legal representatives or assrgns shall pay to Mortgagee
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f~- ~ the principal sum of S 2-852- as evidenced by the Note, wrth rnterest and upon the terms as provrdrd therein, the final
I maturity date of the Note and of this Mortgage being June 11 , 1984 , 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 that each maker artd endorser agree to pay all casts of collection, including a reasonable attorney's fee, upon default in the
payment of the Note, and that if default be made m the payment of any installment tfiereurxfer and that rf wch default is not made
good in accordance wrth the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable
without notice at the optron of the holder thereof; and shall perform and comply wrth each and every strpulatron, agreement and cov-
.e ~ I errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be word, otherwise the same shall remain
i r m full force. Maker covenants to pay the rnterest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
merits on said property; to carry ursurance against Lie on the building on card larxt for not less than S of ii ,approved
by the Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the policy to be held by the Rlortgagee arul to keep the
building on said land m proper repair.
Thrs Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are oblgatory or
to be made at the optron of Mortgagee, or otherwise, as are made within twenty (201 years from the date hereof, to the same extent as
rf wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
O; trine the maxrmum principal arr.ount of $ . n a plus interest, and any disbursements made for the payment
i w CJ; of taxes, levies, or rnsurance, on the Mortgaged Property, wrth rnterest on wch drsbursements_ Any wch future advances, whether
0l; oblgatory o. to be made at the optron of the Mortgagee, or otherwise, may be made either prior fo or after the due date of the Note or
any Other notes secured by this Mortgage. Thrs Mort rs rven for the ecnc~ pur
U gage g sp pose of securing any and alt rrtdebtrtc?ness by the
t _ aj Maker to Mortgagee Ibut rn no event shall the secured rrtdebtedness exceed at any time the maxrmum pnncrpat amount set forth in this
'"a paragraph) rn whatever manner this rrxfebtedness may be evdenced or represented, umrl this Mortgage rs satisfied of record. All cove-
Hants and agreements contained rn this M1lortgage shall be applrtable to all further advances made by Mortgagee to Maker under thK
future advance clause.
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~ rat; Should any of the above covenants be hroken then the Note and all moneys secured hereby shall, without demarxl, rf the
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• Mortgagee, so elect, at once becorne due and payable and this mortgage may be (oredosed, and all costs and expenses of coUectron and
~ reasonable attorneys" fees, rndudrng costs, expenses and reasonable attorneys fees on appeal, rf collected by I~,gal proceerirngs or
_ 41 tiS+ through an attorney at taw. shall be paid by the Maker, aril the same are hereby secured.
C~ IN ~"JITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date Lrst above set forth.
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~ 5~gned seated and de:rvered
rn- rp ezence~ Y~-
~ (SEAL)
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IMor tgagor 1
STATE OF Florida 1 ~ •
St. Lucie I
i COUNTY OF 1
i
I HEREBY CERTIFY, that on this day, before me, an ofircer duly authorrred rn the State aforesaxf ar.d rn the County aforesaid • [
to takr ,tknowledgments, per' ~ red Benjamin A Phyllis Coleman to me known to be the persondescnbed i
rn and who executed the fOr~~u;tfri~8nd they acknowledged before me that they executed the .,ame. 1
WITNES~rpy hand .and pfficral seal m tlt2 County and State fast afore rd this 11 tl+ day of --.TtiiA~4 ,
~ y
- ~ ~ ~ ~ Notary Public
P~ 1~ ~r. rtcL~ ; - ~ My Commtil~lfil~F'r/lJIFK STATE OF fEORIDA AT LAS
f Mr COMa?ISSIfJN EXPIRES AMY. 1Z 19A!
4$014-000.7 Ray. 8/77 r~~lr _ f1i(it+DiD fHRU Gt1`JERAL INS. IJrLJERWRIIT~ t..,.t...?...:
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