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Home My WebLink About0543 i~ DIRECT HOME IMPROVEMENT MORTGAGE ~3a6a~ WITH FUTURE ADVANCE 4s~s~o ~ THIS MORTGAGE, made thrs 19th daY of June A.D., 19 80 ,between' Jim Cain Sr and Virginia Cain, his wife (Martgagorl and Sun Bank of St. Lucie County (Martgageel: (Name of Sun Bank] WITNESSETH, that Mortgagor; for aril rn consideration of the premises and in order to secure the payment of the princrpal and rnterest on the note fors herernafter detinedl, Mortgagor hereby grams, assrgns transfers and mortgages to Mortgagee, its successors and assrgns forever, the following described real property in St. Lucie County, Florda, to wit: Lot 10, Block 1, Shafer's Subdivision, as per plat thereof on file in Plat Book 7, Page 26, public records of St. Lucie County, FL X980 JUL -2 AM ~ ~ 7 9/ S~l! C~COUViY.fLA. R~e~ s M ~n a Taxst " ° CLfRK CNtCUIT COWtT Due On Class "C" IMsnpbla Pw'sonal prOM'tb. . e~ ~ _ pursusM To Chflp~r 71.134, Acts Or'~T. t,_ RCCO~ \ERIiIEh___ ROGER POITAAS 4~J ? ~ Cle?>, Circuit Court, St. Lucis. CO., Fla. - (hereinafter referred to as the Mortgaged Property): and the Mortgagor does hereby fully warrant the t=tle to the Mortgaged Property pi ' and wul defend the same against the lawful claims o! all persons whomsoever. ~ PROVIDED ALWAYS, that H Jim Cain, Sr and Virginia Cain ,the Makerls) of that - i (Insert Namelsll certain promissory note dated the date hereof (the Notel, their heirs, legal representaUVes or assrgns shall pay to Mortgagee the pnnupal sum of $ 9, 775.41 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 `Tune 19 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 ! wrrtirg, artd that each maker and endorser agree to pay all costs of cotlectron, including a reawnable 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 if wch default is not made ` ( goad in accordance with the terms of the Note, that the entire prmcipa! win and accrued, earrted rnterest 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 word, otherwise the same shall iemain in full farce. Maker covenants to pay the interest and princrpal promptly when due. Mortgagor covenants to pay the taxes and assess- merits on Bard property: to carry mwrance against fue on the burkimg on said land for not less than S Il~a ,approved bV the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on card fond m proper repair. Thrs Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are obligatory or T to be made at the optron of Mortgagee, or otherwrse, as are made within twenty 1201 years from the date hereof, to the same extent as a.1 ~ rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any _ ~ O Ume the maximum princrpal amount of $ il~a plus rnterest, and any disbursements made for the payment ' U' of taxes, levies, or insurance, on the Mort Pro t _ gaged per y, wqh rnterest on wch disbursements. Any wch future advances, whether - ~ obligatory or to be made at the optron of the Mortgagee, or otherwrse, may be made either prior :o or after the due date of the Note or ~ an other notes secured by this Mort Thrs Mort rs wen for the specific purpose of secun an and all indebtedness b the • U; V gage 9a9e 9 n9 Y Y i _ a ~ Maker to Mortgagee (but rn n0 event shall the secured indebtedness exceed at any trine the maxrmum princrpal amount set forth in this paragraph) rn whatever manner this indebtedness may be evidenci?d or represented, until this Mortgage rs Satisfied of record. All cove- - ~ rants and agreements contained rn this Mortgage shalt be applicable to all further advances made by Mortgagee to Maker under this ~ ~ future advance clause. ~ W 't3 p ; Should any of the above covenants be broken then the Note and ail moneys, secured hereby shall, without demand, J the ~ ' Mortgagee, so erect, ar once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and - O ~ ~ reasonabte attorne s' fees, indudm costs, ex erases and reasonable attorne s' fees on appeai, rf collected by I . at roceedin s or N ! through an attorney at law, shall be paid by the Maker, and the same are hereby secured. - _ ~ CA = 'O - ~ O IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as o: the date first at:ove set forth. ~ cn to - $:gned, sealed and deavered .n r presence / / _ Q~~ 'T - ~-1L~~ V C~'itT/ ~.5~~_ ISEALI ~ / r rlMortnagor ) ISEALI ~ - - ihlortgagorl - - i 3 STATE OF ptloriua I I ' COUNTY OF St. Lucie I ref . , I HEREBY CERTI~~t~;i~y, before me, an officer duty authorrr._<i rn the State aforesarcf and m the County aforesaid r ~ Jim Cain 3r ~ Virginia Caitt~~ ' to take acknowtedgr*t,~fl, pl~Saiiallr~p~red - -lo me known to be the nersnn described ~ ~ ,n and who execut~tJ t~;Iprejor~iii~r? and they acknowledged before me that they executed the same. ] " WITNESS my?wrtd s+fd pfitwl s!~ the County and State i foresard this 19th _ day of June N a Pubtrc ~ ''V w rV 'f ~ ~I h Commission Expires •tin~ ~ ~ >;t ; r~,~ F NOTARY PU?UC STATE C1f FLORIDA AT WtGi ~ ~A MY COAhAM1 I SS 1 ON ExP 1 RFS DEC 19 19 8 3 4 -6011-0047 Rev. 8/77 ~-ij a ~rj(~K tOND:O Ti-if:U GENiERAL INS UtwERWRI ~Eks