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Home My WebLink About0455 DIRECT HOME IMPROVEMENT MORTGAGE ~ ` - ~ ~ t WITH FUTURE ADVANCE ~ r' 491521 j THIS- MORTGAGE, made this 25th cwy of June A D 19 •80 .between Harold L. Holerger and Lola A. Holerger, his Wife _ IMgrlgagorl and Sun Bank of St. Lucie County IMortgagee?: i (Name of Sun Bank) - ! r 1YITNESSETH. that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and r intrrest on the note las i,ereinaiter defined), Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and St Lucie 11 assigns forever, the following described real property in .County, Florida, to wrt: Lot 8, Block 2, of Orange Blossom Estates, a Subdivision in t Section 21, Township 35 South, Range 40 Bast, according to a plat thereof recorded in Plat Book 11, at page 6 of the public records of St. Lucie County, Florida. ~ ~ ~ t~ ~ ~ ~ - - - . This is a Second Mortgage - ~ ~ ~ u ~ 1 j 1980 JUl - I PN 2~ 3 I 6 a`~ M PAY11fliT Of TAX!! ' g0 RlLElYEO s F~Er •Nf fECO c0 LUf C:~ CL=SS'C IRT1UlG.8LE PFRSOHAL PROPERTY, SL~UGECCUNTY.F'LA. PURSU«Ni'TO CNAPTEg 71-1~4i ACTS Of 1171. R06 POITRAS ~ R05ER POITRAS _ CLETtK CIRCUIT CGU~~ CLERK ClitCllli C011QT, i1. LIIC~ COie AECfii•i \'EFt£i~0-- ~ l f (barer:rafter referred to as the Mortgaged Property); and the Mortgagor does hereby tufty warrant the true to the Mortgaged Property and wnl defend the same against the lawful claims of all persons whomwever. PROVIDED ALWAYS, that if gold L b Lola A Holerger _,,ne Makerls) of that llnsert Namelsll certain promissory note dated the date hereof (the Notel, their hems, legal representatives or assrgns shall pay to Mortgagee the pnnupai sum of S 3,136.70 as evidenced by the Note, wah interest and upon the ter as provided therein, the final , maturity date of the Note and of this Morxgage being June 25 19 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 and endorser agree to pay all costs of collection, including a reasonable attorney's tee, upon default in the payment of the Note, and that ii default be made in the payment of any installment thereunder and that if wch default iz not made good in accordance with the terms of the Note, that the entire pr mcipal win arxf accrued, earned interest shall become due and payable without nonce at the option of the holder thereof; and shall perform and comply ?vith each and every stipulatbn, agreement and cov- t errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain in full force. Maker covenants to pay'the interest and principal promptly when due. Mortgagor covenants to pay the taxes aril assess- ments on said- property; to carry inswance 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 tc be heM by the Mortgagee and to keep the budding on card land in proper repau, i ~ This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or - ~ to be made at the option of Mortgagee, or otherwise, as are made wrthrn twenty 120) years from the date hereof, to the same extent as ~ i ~ rf such future advances were made on the date of the xecutron of this Mortgage, but such secured indebtedness shall not exceed at any J ~ ~ ' f time the mazrmum principal amount of $ n a plus interest, arxi any disbursements male for the payment ~ of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether I obligatory 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 J an other notes secured by this Mort This Mort iven for the specific put g - y r ~ ; y gage. yage K g pose of securrn an aril all indebtedness by the t ~ hlake. to binrtgagee itwt in no event shall the secured indebtedness exceed at any time the mazrmum pnnupal amount set forth in this paragraph) rn whatever manner this indebtedness may be evidenced or represented, until this Mortgage is Satisfied of record. All cove- - ~ Hants aril agreements conta+ned rn thr; Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this C/] future advance clause. ~ w ! - 'b p . ' ~ $hou!d any of the above covenants t>e broken then the Note acid all moneys secured hereby shall, without demand, it the ~ Mortgagee, so elect, at once become due anti payable and this mortyage may be foreclosed, and alt costs and expenses of collection and ~ ~ , reasonable attorne s' tees, inciud:n, costs, ex eases and reasonable attorne i fees on a ` f'9 p cU ' y q p y ppeal, d collected h• 1 al roceedrngs or - ~ ~ ' through an attorney at law, shalt bP paid by the Maker, arxf me same are hereby secured. - 'b - ~ ~ - ~ ~ ' IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first 2fx,ve set forth. { = c~ to I c $~ynrd, sealed and de:rverecl I ! .n our re. nC _ (SEAL) J r IMor tyagor 1 l ~ ` / y_ ~ (SEAL) 1Mo tyagor! ` r STATE Of Florida i 1 i i COUNTY OF - i St. Lucie 1 stttunr~;~, I HEREBY CERTIF`,~a11~~M~l~{~y,,be}or9 me, an off,ce+ duty authorrred rn the State atoresaKl end rn the County aforesaid 1 TO iaxe acknewledgme ;ja, per 4 L old L S Lola A Holerger_ to me known ro be the person descnbecf f j~ q .n and who executed c3sC~t~9Qsf,+?n~?t tt~ , they acknowledged t>cfere me that they executed the ame. t i WITNESS my hdmffrcpl_sea~r~t_ne CA~Aity and Stare past of rf~sard this 2S day of _.Itlne , 1 ~c7~ +C/ .t Notar ub~rc - rr4yC mrsswn Ex ~r~YRY PUdLC S7,aTE OF FLORIO~ A! lh..;c _ ,.,s` / CONLIAISSION EnrIRE$ OfC 19 IS+o,, a 6014-0047 Rev. 8/77 ~''t_ f r' BG K~4 p~ i~ TFIRU Gff>f;rZ,gl INS UNOERWfff~ -