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CIRECT HOME IMPROVEMENT MORTGAGE 4~s y-
WITN FUTURE ADVANCE I$
THIS MORTGAGE, made this 12th ~y o1 June I A.O., 19 80 , berveen'
JAMES H. BROWN AND PATRICIA BROWN, his wife (Mortgagor) and
SUN BANK OF ST. LUCIE COUNTY
(Moe tgageel;
IName of Sun Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises and m order to secure the payment of the pnnupal and
interest on the note las hereinafter defined), Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
assigns forever, the following described real property m St. Lucie County, Fbrida, to wit:
Lots 16, 17. and 18 of JEFFERSON PARK SUBDIVISION, as per
plat thereof recorded in Plat Book 4, page 96, of the Public
Records of St. Lucie County, Florida. .=~'-.>.;i_; ~ = ~ ; ~ -
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This is a second mortgage. - `a~ , • " - t•.: ~ D ~
X80 .~lN 13 P!i ~ 54
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L Gf TAX'S, FILED r1kQ pE f0
- r F:.~;•i::TY Sl.LLItCiE .F`A.
Ct:: ~;T Zt . ~ , - RQGER P01 RAS
Pif::~u;uYT TO :.::13:_a 7t-,..4r ACTS ol: 1911. CLERII CIRCN!t CDU t
Q~G3 p61T&AS RECORR YERIFt£~0
aEWI Qt~T CWNiT, ST. L1KIE CD. NAr Q' ~
48968
Iltereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the true to the tortgaged Property
and viol defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that if James H: Brown and Patricia Brown the Makerfs) of that
(Insert Name(s))
certain promissory note dated the date hereof (the Note), their heirs, legal representaUVes or assigns shall pay to Mortgagee
the principal sum of S 5.941.98 as evidenced by the Note, with interest and upon the terms as provided therein, the final
maturity date of the Note arxf of this Mortgage being June 12 .1985 _ ,which Note provides that
all installments of principal and interest are payable at the oifrce of Mortgagee. or at wch other place as the holder may designate m
writing, and that each maker and endorser agree to pay all costs of collection, including a reasorrabie 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 it wch default is not made
good in accordance with the terms of the Note, that the emne pnnui.al vim artd accrued, ranted interest shall become due and payable
~ rnthout notice at the option of the holder thereof: and shad perform and romply wrth each and every stipulation, agreement and cov-
enant of the Note and of this Mortgage, then this Mortgage artd the estate hereby created shall be void, otherwise the same shall remain
~ in full forte. Maker covenants to pay the interest and principal promptly whin due. Mortgagor covenants to pay the taxes and assess-
! merits on card property: to carry insurance against lue on the twilling on said land for not less than $ NA ,approved
I by the Mortgagee, with standard matgage loss clause parable to Mortgagee, the twlicy to be hekl by the Mortgagee and to keep the
bwlding on said land in proper repau
6
~ This Mortgage shall secure not only exist mg irxfebteriness, but also such future advances, whether wch advances are ubirgatory or
~ to be made at the option of Mortgagee, or otherwise, as a+e made within twenty 1201 years from the date hereof, to the same extent as
~ it wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shalt not exceed of any
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U limb the maximum principal amount of $ :1A plus interest, arxf any disbursements made for Ui:r payment
of taxes, levees, or insurance, on the Mortgaged Property. with interest on wch disbursements. Any wch future advances, whether
3 _ ~ ~ obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either error to or after the due date o} the Note or
!i ~ ` any other notes secwed by this Mortgage. This Mortgage rs given for the specific pu:pose of securing any and alt indebtedness by the
i ~ a f Maker to Mortgagee Ibut in no evem shall the secured indebtedness exceed at any time the maximum principal amount set forth in this
?a ! paragraph) in whatever manner this indebtedness may be evidenced or represented, until this .`.1o=igage is sat+stied of +ecnrd. All cove-
- Hants and agreements contained in this Mortgage shalt t>e apQl.cabte to all further advances made by Mortgagee to Maker under this -
~ ~ lU1Ure adVanCe CiaUSe.
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' ~ W ~ Shoulo any o' the attove r•wenants br broken then the Note and all moneys securrrf hereby shall, wrthnut rirmartrl, d the
ri. O r
~ x ~ .Mortgagee, so elect, at once become due and payahle aril this mortgage may be forectosetf, and all costs and expenses of coitection and
~ ~ ; reasonable attorneys' fees, including cosh, expenses and reasonable attorneys" fees on appeal, a ohected by legal proceedings or
et) ; through an attorney at law, shall t>e paid by the Maker, aril the same err- hereby secured.
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- O ! IN WITNESS WHEREOF, the k!ortgagor has executed this Mortgage as of the date lust above xt forth.
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- Signed, sealed and detwered
in o pr Bence
x _ ~ a~~~-~ a ISEAII~
IM.o+ ago `
_ ISEAl1 i
~ (Mortgagor 1
STATE OF Florida i -
1
f CaGUITY OF St. LIICle 1
t11N1tlii
HEREBY CERTI ~j _ y, before me, an off,cer duly aothotired m the State aforesaid and m the Coun ~ aforesaid,
SN~b' ' ~ii
to take acknowledgre2nt~;il8rSt1+1~My.a qd James H S Patricia Brown to me kncwn to be the person describer{
as _ t •
m and who execuj f~lgign~ st tad they acknor+ledged before me that they executed the same. ~
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WITNESS m1~ lsTtt7~+d dticial ~ {:ounty and State i aforesaid this 12 day of .1fJlte
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~s'%,~Q• Commissron ExpueNG:~ i.Y PutiLtC ST:+:Ev> -:~=!7A l+'. L;+ftC~
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