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Home My WebLink About0456 1 CIRCCT HOME IMPROVEMENT MORTGAGE ~ WITH FUTURE ADVANCE 491522 ' 1 THIS MORTGAGE. made this 27th day of June A.D., 19 . 80 ,between' 1 Charles Russ and Hassle Russ, his wife IMortyagort and Sun Bank of St. Lucie County (Mortgageel: fName of Sun Bank] WITNESSETH, that Mortgagor, for and in consideration of the premisss and in order to secure the Vayment of the principal and interest on the note fors hereinafter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property m St. Lucie County, Fbrda, to wit: Lot 1 of Block 5 of LINCOLN PARK SUBDIVISION according to the plat thereof on file in Plat Book 3, at page 4 of the Public Records of St. Lucie County, Florida. t REKIYI:D = I'f. SS IN PAZ'!!AE1tt Off TAXE! p~ ~ . L•'.:~ CY Cl::SS 'C' tNiAf:6iBLE P~RSO:f~I P~3'ERTY, IQU`/ Jut. _ I 5 PG::Sv;,Nl• TO GfUPTE.i 71-124. ACTS OF 1971. J tit ~ry 9. ~ I R06Elt POITRAS ?r, f~aCIRT ST• ~ FILED R ~ECOkdfO SLIUCt CGUNrY.FLA. - ~ - ~ - , ~ CLERK CIRCUIT COURt - ~y ~ . RFCBRA \rcp?F!rC+---•7~-~~_ r (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and wul defend the same against the lawful claims of all perwns whomsoever. PROVIDED ALWAYS, that if Charles RusB and flasSie RuSS ,the Makerls) of that f Insert Namelsl] certain promissory note dated the date hereof (the Notei, their heirs, legal reprrsentatwes or assigns shall pay to Mortgagee the principal sum of $ 7,423•$5 as evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being June 27 19 87 ,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 if default be made in the payment of any installment thereunder and that if wch default is not made good in accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable i without notice at ilia option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- enant 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 and assess- I merits on said property; to carry insurance against fire on the building on said land for not less than $ n~a ,approved by ilia 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. - I i i This Mortgage shall secwe not only existing indebtedness, but atw wch future advances, whether such advances are obligatory 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 ~ if such future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any O time the maximum principal amount of $ _ n~a plus interest, aril any disbursements made for the payment U' of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether v ~ 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 U y gage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the ~ an other notes secured by this Mort ! _ Makei to tiiortgagee (but in no event shall the secured indebtedness exceed at any time the maximum pnnupat amount set forth in this f par raph) in whatever manner this indebtedness ma bP evidenced or r _ ag y ep•-esented, until this Mortgage is satisfied of record. All cove- - • Hants and agreements contained in this Mortgage shall be appl,cable to all further advances made by Mortgagee to Maker under thrs ~ !uture advance clause. Should any of the above covenants !~e braken then the Note and all moneys secured hereby shall, without demarxl, if the ' 'C3 O: C ~ Moitgagee, so elect, at once become due arxf payable aril this mortgage may be foreclosed, and all costs and expenses of collection and ~ •rasonabte attorneys' fees, including costs, expenses and reawnable attorneys' fees on appeal, rf collected by legal proceedings or _~a~ CO ?hrough an attorney at law, shall be paid by the Maker, aril the same are hereby secured- - T CQ - .b [ - ~ f3 IN WITNESS WHEREOF, the Mortgagor has Nxvcutett this hlartgage as of the date first attove set forth. c7 7: ~ ~ S~yned, sealed and deavered m Our pr nC_ I Oitgaq~ / - fSEALI it\lortgsyor l r STATE 7F Florida 1 COUNTY OF St. Lucie t ` I HEREBY CERTIF`~f.;,;t1tat CR• ~~y, before me. an off,cer duly auttNYri~tV ,n the State aforesadl and ,n the County aforesaid ( `s ~ ~r _ Charles Russ and Hassle Russ ~*r .r, take acin0.•.iadgrr~lrts. T~efcopdtl~t~a~ the to me kn trR@n t>c the person described h y .n and Nho execut~ ape tot~ow~strulr~pt ~d y _ acknOwledgrd tptore me that -executed the same. WITNESS m~Ytgnd~nd of!.c,al s~ r>:titet3ounty and State ~ aloresa d this _ 27 day of June , } ~ ~ r. L b f - - :.,L ary Public ' ' i v Commission ExRY PU6ISS ON EXPIRES DEC 19 1983 _ M COMN? WRIT a-Bola-ooo-~RN.sn~ BCCK~~ PdGE 4~ ~0"DE~ THRU cENERnL tt~s uc~OEA i. ~ti.`...,