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Home My WebLink About1515 DIRECT HOME IMPROVEMENT MORTGAGE WITH FUTURE ADVANCE THIS MORTGAGE, made this 3rd day of -1u1~ A.p., 19 __~Q_ ,between' Golli4 and Lillie Faniel _ (Mortgagor) and _~un flank pf St Lucie Ceuaty (Mortgageel: (Name of Sun Bankl WITNESSETH, that Mortgagor, for and in Consideration of the premises and rn order to secure the payment of the principal and rnterest on the note fas hereinafter dehnedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and auigns forever, the following described real property m St Lucie County, Fbrda, to wit: Lot 145 of Sheraton Plaza, Unit Ones according to jhe plat thereof as recorded in Plat Book 14, page 32~ Public Records of St Lucie Coulaty, Florida Y ' _ Ib•o5 RECaYEO : a a a In PAYIIIENT of TA)~ ~ .IIA. •9 AM 11=~ 18 OUE 011 CLRSS 'C' INTAN6;BLE PFRSONAI PROPERTY, fU2S11.:lIT`TO CH1lTTER 71-1.'A, ACTS OF 18]1. R06:It POITkAS f'1 iPx CIRCUR COURT. Si. LOGE C0~ RA.~ Q~ _ _ C6fNtT ~ \ r. Kt~OR~ Yf1UFIE0 I~ i a ~ co ~ JJr (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the true to the Mortgaged Property ~'},~~x and wul defend the same against the lawful claims of all persons whomsoever. ~ PROVIDED ALWAYS, that it Collis and Lillie Fani_1 ` ; ~ ,the Makerls) of that ~ (Insert Namelsll I _ certain promissory note dated the date hereof Uhe Notel,~heir heirs, legal representat+ves or assigns shall pay to Mortgagee • ~ the pnnupai sum of $ 10601.85 as evidenced by the Note, with rnterest and upon the terms as provided therein, the final 11 ~ I maturity dais of the Note and of this Mortgage being , 19 ,which Note provides that - tl,•, alt installments of principal and rnterest are payable at the office of origagee, 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, include 1 rig a reasonable attorney's fee, upon default in the payment of the Note,. and that if default be made rn the payment of any installment thereunder and that if such default rs 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 l ~ { without notice at the option of the holder 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 aril the estate hereby created shall be void, otherwise the same shall remain Y m full force. Maker covenants to pay the interest and pnnupal promptly when due. Mortgagor covenants to pay the taxes and assess- -;i: t merits on said property; to carry insurance against fire on the twilling on said larxi for not less than $ Ll~a ,approved by the Mortgagee, with standard mortgage toss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land m proper r I epair. i This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advaixes are obligatory or to he made at the option of Mortgagee, or otherwise, as are made w+tfiin twenty (?Ol years from the dare hereof, to the same extent as j if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness steal{ not exceed at any ~ y ~ time the maximum pnnupal amount of S _ n/e plus interest, arxf any disbursements made for the payment ~ of taxes, lev+es, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether € C~ Obliyatory or to be made at the option of the Mortgagee, or otherwise, may be made either poor !o or after the due date of the Note or a any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the _ --+i Maker to Mortgagee (but in no event shall the secr;red irxfebtedness exceed at any time the maximum pnnupal amount set forth m this paragraph? in whatever manner th+s indebtedness may be evidenced or represented, until th+s Mortgage +s satisfied of record. All cove- f _ ~ i E Hants ancf agreements contained in this Alortgage shall be applicable ro all further advances made by Mortgagee to Maker under thK [ i f future advance clause. } I Should any of the above covenants be broken then the Note and ail moneys secured hereby shall, without demand, d the Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and reasonable attcrne s" fees, includin costs, ex enses and reasonable attorne s fees on a Y 9 p y " ppeal, ii collected by Iegat proceedings or t ~ rhrough an attorney at law, shall t[e paid by the Maker, anif the same are hereby secured. I - "y IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first atsove set forth. _ r:i k - .r € `7 r/] Signed, sealed and de:ivered f in ow pr2 e + - _ ISEALI (Mort r) ~ ISEALI {Mortgagor l , STATE OF Florida l r { COUNTY OF $t LUCj,e l RfM' -w:~," i4 1 HEREBY CER ~ nK, day, before n+e, an officer duly authorized in the State aforesaid and in the County aforesaid *o take acknowted~hients,a!!F'sotSSnyyap'~,e,~t~tf Collis 8Ad Lillie. Faniel _ to me known to he The pe*sondescnbed i ~ . , U ~ in aril Nho exec,,7'ti~~he t i?~~nitijrrtltJntiand sl+vu_ acknowledged before me that ~y_~___~ executed the same. t ~ ~ A L z"cT "'Cr WITNESS r}?Y-hart~and~~iey?ie~jln`iheRCounty and State I resaid this 3~d day o1 ',.'~~Q ti~`~~~ Not y Public NO~.+f:Y f;;~t..C :.T:.TE Oc ?1,ORIDA AT LAS t '•.,~,'~/(T._~ ~1 M ommiss+on Expires /yt~f COJAMISSION E)(PIRES DK 19 1983 'rM,; : {ONOED IWW GEt4ERAL INS UPOERWRITERS 4-b014-000.7 Rev. 8/77 AA r... ,t.....n, 80~K•.Jc~'Z PNGE~~ _ , _ _ _ .