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Home My WebLink About0203 DIRECT HOME IMPROVEMENT MORTGAGE 0009 j WITH FUTURE ADVANCE 1 THIS MORTGAGE, made thrs 12th day of •J~e A.D., ig 8U .between' James D. Murphy and Susan M. Murphy p,llartgagar? and Stin B of St.~Lucie Co. ~Martgagee?: (Name of Sun Bank( j WITNESSETH, that Alortgagor, for anti m consderatron of the premises and in order to secure the payment of the principal and mterest on .the note las hereinafter definedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property in LUCle County. Fbrida, town: Lot Block 584, Port St. Lucie Section Thirteen, according to the plat thereof, as filed in Plat book 13, page 4, ' of the Public Records of St. Lucie.Cotmty, Florida. THIS IS A SEOOND r'DRT'GAGE ~~.~•.,r.• _ ~ a .SS ?1~ pp{'~~r•::~i`t•T 4fMTI~IX~~~/ " X80 .Alfa i 3 PN ~ 54 11 lr!~ 1 • r'i~ni V.ISia~. r~~N~1,1. ~1:YTG~. r~ t ~ . / F~}:.~:..:,i :,i ~i;9 71-t34, RCTS OF i87L ~I.fO AML! Rf cORQFo I k~ufl PiATTtAS ~I'~~PN RASl1. CLGiK Cta~UT CI?IInTi ST. LtICE Ca. FU. f~RK ClRCWT C AECORf VF.RIt'fEt!_ ~ 4~396~ ' ~ (hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the thin to the Martgagrtd Property and will defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that if James D 'Murphy and Susan M. Murphy ,the Makerls) of that (Insert Namels?( l _ certain promissory note dated the date hereof ithe Note?, theiT hems, legal representatives or assigns shall pay to Mortgagee the principal sum of S ~-Z. 31 as evidenced by the Note, with u.terest and upon the terms as provided therein, ti+e final S rrtaturrty date of the Note and of this Mortgage being `Tune 12 , 19 90 , which Note provdes 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 e;.r h maker and endorser agree to pay all casts of collection, inciird:tsg 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 d such default is not made good m accordance with the terms o! the Note, that the entire principal win and accrued, earned interest shall become due and payable without rquce at the option of the holder thereof, and shall perform acrd comply with each and every stipulation, agreement and cov- x enanr of the Note aril of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain - rn full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay ills taxes acrd assess- ' menu on said property; to carry insurance against f+re on the buikimg on sad land for not less than S n/a ,approved by thr Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy :o be held by the Mortgagee and to keep the i building on sa+d land rn proper repair. This Mortgage shalt secure not only existing iridettedness, but also wch Tutu:e advances, whether wch advances are obligatory or p gages, or otherw+se, as are made within twent 120} years from the date hereof, to the same extent as to be made at the o trop of Mort y 4 rf wch future advances were made on the date of the execution of this Mortgage, but such secured +ndeb[edness shad not exceed at any trine the max+mum pnnupal amount of S n/a Plus mterest, and any disbursements made for the payment v ~ ~ of taxes, levies, or insurance, on the Mortgaged Praperty, with interest on such drsbursemenis. Any such future adva: ces, whether iblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either prgr to or after the due date a! the Note or Y l\' any other notes secured by this Morton. ThK Mor- ;age h given for the specific purpose of securing soy and a!i rndebreeiness by the ~1 Maker to Mortgagee (but in ro event sf?all the secured indebtedness exceed at any tame she maximum principal amount set forth in this ' paragraph} ;n whatever manner this indebtedness may be evidenced or rep.esenterf, unt+1 this Mortgage rs satislied of record. A!! cave- Hants and agreements contained m this Mortgage shall be app:rcable to au further advances made by Mortgagee io Maker under tha future advance clause. ~ Should any of thA above covenants be broken then the Note and ail moneys secured hereby shall, without demand, d the Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs aril expenses of collect+on and reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees an appeal, if collected by legal proceedings or ~ through an attorney at law, steal! be paid by the f,Aaker, and the same are hereby secured. lY' IN WITNESS WHE ,the kfortgagor hac executed this Mortgage as of the date first above set forth. ~ ~ $,gned, se~yecf and del e. .n our e,¢nce: 13EAL1' (Mortgagor} J ~}ty ; / ~ _ --~j`--~-I~- LI _ r 11~,artgagGri` __I~n-~ y 4 + STATE OF Fla. ~ i 1 i t..t.x`f'~~ j • • ~ St. Lucie ~ COUNTY OF a ~ ~.r S.'' 1 HEREBY CERTIFY, that on this daY, before me, ar: officer duty authonied r+i the State~i~aid ~ injt ri= q~esad ro fare acknowted menu, personae a James D. and Susan M. Murphy ~ persitii~rrbed 9 Y ppeared _ o r~fl~wn ~ ` rn and who executed the foregoing instrument arx! they acknowledged before rrttrl~t..~x ~ ~ same. mil, . sir P •rw..• ~ WI~TQ~~iiESS my hand and off:cral seal rn she County a+x1 State last aforesaid this 12 ut ~ Olb ` , ' o ry Prrbnc ~~{{ARY ~J~K1 SfAIE aF ILORIDI~ AI !/?1C~ My Comm+ssgn Expnely-~ (IM~Y Z~ ]~~4 8a0Ke~e) p1r6E MMIC~ ~1 t~ ~ ~ a-60t4.000~7Rev. 8/77 ~ E.R......aK.