HomeMy WebLinkAbout1101 DIRECT HOME IMPROVEMENT MORTGAGE ~ 3~?b3cj
iN1TH FUTVRE ADVANCE A U~~~
THIS MORTGAGE, made th,s _?nd daY of July l,7 - . A.D•. lg ~Q_ ,between
S Sie B. Perry ^ IMortgagorl and
Stan Bank of St. Lucie Co. Ft. Pierce Fl. IMortgageel:
(Name of Sun Bank)
WITNESSETH, that Mortgagor, (or and in considerauon of the premises and ~n order to secure the payment of the pnnc~pal and
interest on the note las here natter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
sss~gns forever, the following described real property in $t• Lucie Coumy Fbrrda, to wit:
The East 100 feet of Lot 8 of McCullers Subdivision •
according to Plat of Bald Subdivision recorded in the
office of the Clerk of the Circuit Court of St. Lucie
County,-Florida,
being the same property described as:
Lot 8 (except the West SO feet) in J. E. W. McCuller's
S.D., according to the Plat therof recorded in Plat
Book 4, at page 34, records of St. Lucie County, Florida.
491923
R[CElVEO i.~.-- M ~AYMdIT OF TAxEf
LUE OII CLASS 'C INTd1NCl8LE PERSONfII PROPERTY. p~
~ PUASU:JIT•TO CNAPTE
~ t~~i OF 117E ~ ¦n rjf ~ I O
_ _ _ _ _ . _ . _ - . c~mc axar co~r~ sT. u~cs a. . •~u~.
.f• •.r ry
(ltere~nalter relerred to as the Mortgaged Property): and the Mortgagor does hert'by fudty warrant the tale to the Mortgaged Property
and wul defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, tl?at if Susie B. Perry ,the Makerlsi of that
(Insert Namelsll
certain promissory note dated the date hereof (the Notel, her hers, legal representatives or assigns shall pay to Mortgagee
the principal sum of S 431.9_ as evidenced by the Note, with interest and upon the terms as provded therein, the final
maturity date of the Note and of this Mortgage being _Tp] v 7 , 19 ,which Note provdes tfwt
all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may desiynate 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 it default be made in the payment of any installment thereunder and tfwt if such 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
without notice at the' option of the pokier thereof: and shall perform and comply with each and every stipulation, agreement and cov-
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 lull force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
ments on sad property: to carry inwrance against fns on the building on said 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
buiki~ng on sad land in proper repair.
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This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or
to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 Years from the date hereof, to the same extent as
if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
time the maximum principal amount of S n /s plus interest, and any disbursements made (or the payment
of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch luture advances, whether
E obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either error to or after the due date of the Note or
any other notes secured by this Mortgage. This Mortgage K given for the specific purpose of securing any and all indebtedness 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 sausfred 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.
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1 Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demarxi, ~f the
7i 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, if collected by legal procr:edrngs or
through an attorney at law, shall be pad by the Maker, and the same are hereby secured.
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IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
'7
Sign ,sealed and detrvered
~ ou /presence: a.`
l•(,k l~ !SEAL)
Mort r)`s~~
ISEA~I
(Mortgagor 1
STATE OF Florida 1
1
COUNTY OF St. Lucie
1 HEREBY CERTIFY, that on this day, before me, an officer duly authorized rn the State aforesad and rn the County aforesad
to take acknowledgment.~,,trcr~~tMfalq~.appeared Susie B. Perry to me known to be the person described
in and who executed thdfWllst/yment and She acknowledged before me that She executed the same.
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WITN my-hartd~gd~ ffrtr~j~l (tithe County and State la staid this day of _Tnl T ,
. ~
'li , ' j ~ ~ = Notar Public
j , ' E ~ FLORIDA AT LARGrt
My mmrssion EII~iHilY PuBI.C '.i..T
~ t ~ .•'<<L` l MY COMIeiiSIt71V EXPIt1E5 OEC 19 1i7b3
4-601-0Oa7 Rev. 8/77 ~r .r
1 J' gQQK~~ IFIRY GENERAL INS Yt~WRITERS
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