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Home My WebLink About0457 1 DIRECT HOME IMPROVEMENT MORTGAGE ~S3a~3,ir WITH FUTURE ADVANCE THIS MORTGAGE, made this 30th ~y of June 5 A.O., 19 80 ,between' John G. Johnstone and Judith J. Johnstone, his wife _ - (Mortgagor) and Snn Ranh of St ~ T.uC i e C(1. Ft. Pierces Fl. IMortgageel: INameot Sun Bank) WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and rnterest on the rate las hereinafter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assrgns forever, the following described real property in $t. LUCie County, Florda, to wit: Lots 7 and 8, Block 41, of INDIAN RIVER ESTATES SUBDIVISION, Unit 7, as recorded in Plat Book 10, page 75, Public Records of St. -Lucie County, Florida. THIS IS A SECOND MORTGAGE ~ - ~'.~-1` , a'-' - - - - . 1 : r' . _ _ y_r ~ ~ ! 3 vfl s~ , REC~11E0 s /a.8o IN PAYIIIEIA' of TARE! 1980 JUl - I PM 2~ 3 I DUI: Otl CLASS 'C' 19TAti6'BEE PFRSOTiItI PROPERTY, ~5 PUh3U;.lIT'TO ii~PT - • Tt- ~I. ACTS Of 1171, ftLEO ANC 4EC0~pt 1 :aGE3 PLRftAS ST.IUCtE COUIltY.iLA. CLERK CI~iGWT COURTr ST. LUCIE C04 RIL ROGER POITRAS CLERK CIRCUIT LOUR tiECCRO~rtR.IFlEt3---- ~ 491523 (hereinafter referred to as the Mortgaged Prope+tyl: and the Mortgagor does hereby Cully warrant the true to the Mortgaged Property and will defend the same against the lawful claims of all persons whomsoever- - PROVIDED ALWAYS, that if Jo n G_ rid T tdith T. To na on ,the Makeris? of that Ilnsert Namelsl) certain promissory note dated the date hereof (the Notel, t.~3p{*' heirs, legal representatives or assrgns shall pay to Mortgagee the principal sum of $ ~a~iOl.64 as evidenced by the Note, with rnterest and upon the terms as pronded therein, the final maturity date of the Note and of this Mortgage being June 3O , tg 87 ,which Note provides that all mstaliments of pnnupal 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 rs not made good in accordance wuh the terms of the Note, that the entire pnncipai win and accrued, earned interest shall become due and payable without notice at the 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 m full force- Maker covenants to pay the interest aril pnncipai promptly when due. Mortgagor covenants to pay the taxes and asse3s- merits on said property: to carry insurance against hie on the building on said ianct for not less than $ II~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 ~ bwlding on said land in proper repau. ~ ~ This Alortoage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or I J-I to be made at the option of Mortgagee, or otherwise, as are made within twenty 120) 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 V' time the maximum pnnupal an.ount of $ - n~a plus interest, and any disbursements made for the payment 1 of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances,-whether O' obi ator or to be made at the option of the Mort y p .,i; 9 y gagee, or otherwise, ma be made either nor to or after the due date of the Note or - U any other notes secured by this Mortgage. This Mortgage is green for the specific purpose of securing any and all indebtedness by the ~ ~ Maker to Mortgagee (but m no event shall the secured indebtedness exceed at any time the maximum pnnapai amount set forth in this r~i paragraph) rn whatever manner this irxlebtedness may be evidenced or represented, until this Mortgage is satisfied of record. Atl-cove- ` ~ ~j j Hants and agreements conta.ned in !his Mortgage shall be applicable to all further advances made by M17ortgagee to Maker under this UJ' future advance clause. - C W? 3 O Should any of the above covenants be broken then the Note and all moneys secured hereby shat), without demarrJ, if the s~ x! Mortgagee, so elect, at once become due anti payable and this mortgage may be toreciosed, and all costs and expenses of cotiecrion and i Gt1 reasonable attorneys' fees, mciudmg costs, expenses and reasonable attorneys lees on appeal, if collected by legal proceedings or i through an attorney at law, shall be paid by the hlaker, arxf the same are hereby secured. , ~ C' IN WITNESS WHEREOF, the Mnrt agor Has exrcutcd this hlort ~ g gage as of the date (fist altovN set forth. i7 - Spy^.rd, sea and de:wrrPd JL~i 1 ,n Our p Sen -/V~^- ' - ISE A L 1 - Ihtortyayor l _ ~ it-,ado ~J, . .->~r? - - - L1 (tloriryac rl I sraTEOF Plorida 1 St. Lucie ' COUNTY'OF i Ni . 6 1 HEREBY CEhq t~••+t~~±±bJl.thrs day, he`ore me. an of};ter duty au.honterf in the State aforesa[f arKl .n the County atoresad :o take acknosZtPdgdlen,s,.~p~sona~~ app?ared ,IohII G. de Judith J. .IOhIIStO$tQrne kncvm to be the person described .n and who s>.tte~yted ~ ~yrgipqq~n~,. rtyyiment and - the~? acknowledged before me that they ~ _ executed the same. WIT r-ty hand.ard or'..R I (io the Counry and Scary ast resaid thy; ~Llt1„ _ day of __~~p _ } J ^ / Nota Public ' ,~E`~l~/r,~ 5~ty mm~ss.on ExP~res • NOTARY PUBLIC STATE fJf t10RIDA AT WtGE 4-6014-000-T Rev.8/TT at,(~~~ ~+M ~f~ MY COMMISSION EXIIRES DEC 19 1983 woC f r.. BONDED THRU GEiJERAL INS UNDEZy:Rt'ERS