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HomeMy WebLinkAbout1179 DIRECT HOIME IMPROVEMENT MVK 1 l.iAl~C ~ WITH FUTURE ADVANCE 90309 ~ 1~a~I~fMr ~TG~le ails ~r.- ~ 17th ~'~i~ey, J~ 1 e . A.D., 19 8U .between" y~ (Mortgagor) and Sun Bank of St. Lucie County lMortgageel; (Name of Sun Bankl WITNESSETH, that Mortgagor, for and rn consideration of the premises and in order to secure the payment of the principal and interest on the note las hereinsfter deiinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its wccessors and attigns forever, the following described real property in St. LL1Cle County, Fbrda, to wit: Lot 3, Block 136, fort St. Lucie Section 27, according to the Plat thereof on file in Plat Book 14, pages SA through I, of the public records of St. Lucie County, Florida. RECTO S /a•O6 NI PAIIYENT OF TARE: CU: 0.! Cil'•SS 'C IRTRtiG~flLE PERSO~fil PROPERTY. ~ 1a0A ~ ~O ~ ~ 4 I ~~j pU~$ui11T TO LiitPiER 71.134. ACTS OF 1171. ~ vl/ q • 4G6ER PORRAS s A~W~~~_~_~~~ a CLCfK CIP~CUrT COURT, ST. LUCIE CO, FLA.$ ~~i'a1TFiA~ CNGAT OOURT RECbRB YER1fIFD 490309 !:l ~ (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby Cully warrant the title to the Mortgaged Property -j • - ~ and will defend the same against the lawful claims of all persons whomsoever. Cr - PROVIDED ALWAYS, that riWalter D. Miley, Jr. and Becy,~ E. Rile His W,' f "1 ys , tt~PlNakerls) of that _ [Insert Namelsl) _ certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagee the principal sum of $ 6 •U29 • 21 as evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of thn Mortgage being Jlme 17, , 19 90 ,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 o _ ~ writing, and that wch maker aril endorser agree to pay all costs of collection, including a reasonable attorney's tee, 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 a rtot made good in accordance with the terms of the Note, that the entire principal cam and accrued, earned interest shall became due and payable without notice at the option of the holder thereof; and shall perform and comply with each and every stipulatgn, agreement aril cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain in full force- Maker covenants to pa/ the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- . , • Y : ; merits on said property; to carry insurance against fire on the building on card land for not less than S 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 building on said land in proper repair. This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are oblgatory 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 wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any trine the maximum principal amount of S n/a plus interest, and any disbursements made for the payment of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether QK pblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or ~ ~ ~ any other notes secured by this Mortgage- This Mortgage is given for the specific purpose of securing any and all uxdebtedness by the ' Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this ~ paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- ~ Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ ~ ~ ~ ~ future advance clause. zQ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, it the Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and ~ reasonable attorneys" fees, including costs, expenses and reasonable attorneys' fees on appeal, ii collected by legal proceedings or ~y through an attorney at law, shalt be paid by the Maker, and the same are hereby secured. 6 z ! IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date t,rst above set forth. Signed, sealed and delivered ~n our presence: t! J ~ ISEALI alter R~ J r ISEALI 1 ky E. Ri 9a4or ' ~ ATE FIOTTda 1 r 1 y COUNTY OF St. Lucie j r - p 1 HEREBY CERTIFY, that on this day, before me, an officer SyMy'tldllwtyfed rn the State aforesaid and m the County aforesad Walter D. ~ t.:end Bec~? ~ to take acknowledgments, personally appeared . m to be the person described f r .n and who executed the foregoing instrument and ,~~'%`>laltaOrJled~Adbe~ore mathat executed the same. WITNE my hand and ofLual seal m the County"end.' ~ day of ~ , A.D., 19 r~%, s • I V fT, ~ ~ "1r'OTARY PURL STATE OF FLOG f DA AI 4 `~A •.rF~'', • ~~Q~~,~cfsres:MY COMMISSION EXPIi'cES /LkR 21 1984 r~'J=•~Jj ~ ^S ~~)juNt+tt`r``'' ~D iFtrW Cbu~cKAL rrV~, U~:U:icWRIiERS 4014-000.7 Rev. 8/77 r...,.r...n...