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Home My WebLink About0401 , DIRECT HOME IMPROVEMENT MORTGAGE g~_ WITH FUTURE ADVANCE 493308 THIS MORTGAGE, made th+s ~.6~- daY of A.D•• 18 80 • t'e[weer'~ Glen H. C_o_le and Linda Jo Cole, his wife _ (Mortgago?) and ' Sun Bank St LuQi@ ~O n y - (Mortgagee?: - lNatne o1 Sun Bankl _ _ - WITNESSETH, that MongagOr, for aril m consideration of the prem+ses and m order to secure the-payment of the pnnc+pal and interest on the note las hereinafter dehned?, Mortgagor hereby grants, assigns transfers anti mortyages ro Mortgagee, +ts successors aril assigns forever, the follow+ng described real property in J~t Li1Cle County, Fbrda, [o wit: Lot 7, Block P, MARAVILLA ESTATES, as per plat thereof recorded in Plat Book 8, page 77, of the Public~Records of St Lucie County, Florida, ~ la ~ 11= 39 - ~ ~ PE Received t / - O ~ • M PNnrl~t Of Trrt S pRA~t ~ Due On Clsss "C° intanpibN PersonN h'oPMf~l, - t COUP • - Pwwant To Chepte? 71,184. A~ Of 1111. v• ~ RfL~~1f?EO-----r'+ ROGER POtTRl1s ~ CNft11 Clrwk Corot. >at Ludes Co..1Rai 4s33p8 - " (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby tufty warrant the Htte to the Mortgaged Property - t~ and rout defend the same against the lawful claims of all persons whomsoever. ! PROVIDED ALWAYS, that rf Glen H• It'csl P ai?(LLi nda Tp~''A1 P ,the Makers! of that • ~j i ?lnsert Namels? certain promissory note dated the date hereof (the Notel,_1~--- hens, legal representatives or ass+gns shall pay to Mortgagee j l l t the pnnc+pal sum of S ~ ~ t~A . as ev+denced by the Note, wrth interest and upon the terms as Prov+ded therein, the final y- Jul 15 , 19 86 ,which Note provides that " if maturity date of the Note and of this Mortgage being y t: _ , , + gages, or at wch other y g ' ti ' t all +nstallments of prrnupal and interest are payable at the ott+ce Ot Mort place as the holder ma desi Hate in • -y; + wriLng, and that each maker and endorser agree to pay all costs of collection, incturfing a reasonable attcrriey's tee, upon default in the _ II payment of the Note, and that if default be made .n the payment of any installment thereunder and that if such default is not made f good in accordance with the terms of the Note, that the entire pr+nc+pa! win and accrued, earned +merest shall become due and payable z without notice at the option of the holder thereof; and shall perform grid comply•svrth each and every stipulation, agreement and cov- - ! > errant of the Note and of this Mortgage, then this Mortgage and the estatefiereby created shall be void, otherwise the same shall remain ~ ~ m full force. Maker covenants ?o pay the tnterest and pnnc+pal promptly when due. Mortgagor covenants to pay the taxes and assess- ~ ~ 'lll merits on said property; to carry insurance ayainst hie on the twilling on sa+d lanrt for not less than $ li/A ,approved j _ ~ = by the Mortgagee, w+th standard mortgage loss clause payable to Mortgagee, the pol+cy to be heW by the Mortgagee and to keep the i _ - - bu+kl+ng on sa+d taxi +n proper repa+r. I This Mortgage shalt secure not only existing indebtedness, but also wch 'future advances, whether wch advances are abligatory or i f z ~ to be made at the option of Mortgagee, or otherw+se, as are made within twenty (20f years from the date hereof, to the same extent as ` +f such future advances were made on the date of the execution of th+s Mortgage, but such secured indebtedness shat! not exceed at any ~ r time the maximum prinapal amount of S _ N A plus interest, and any disbursements made (or ttw payment _ of taxes, levies, or esurance, on the Mortgaged Property, wrth +nte:est on wch disbursements. Any such future advances, whethet i ff obl+gatory or to be made at the option of the Mortgagee, or otherwae, may be made either prior to or after she due date of the Note or i any ocher notes secured by this Mortyage. This Mortgage rs given tar the spec+hc purpose of secunug any and all indebtedness by the _ ~ Maker to Mortgagee (but in no event shaft the secured indebtedness exceed at any time the maximum pnncrpal a°iount set forth rn this = paragraph? +n whatever manner th+s indebtedness may be ev+denced or represented, until th+s Mortgage is satisf+ed of record. Atl cove- ~f Hants and agreements contained in this Mortgage shaft be applicable to all further advances made by Mortgagee to Maker under th+s future advance clause. Should any of the above covenants tie broken then the Note and zl: moneYs securer! hereby shall, w+thout demaricf, +t the - Mortgagee, so elect, at once become due aril payable and this mortgage may be foreclosed, and alt costs and expenses of cOliection aril reasonable attorneys' tees, including costs, expenses and reasonable attorneys' lees on appeal, rf collected by legal proceedings or through an attorney at law, shall be paid by the Maker, aril the same are hereby secured. = ~ ~ IN WITNESS WHEREOF, she Mor?gagor has executed this Mortgage as of the date first above set forth. - ed, seated and detrvPred \ .n ou pr Bence _ _ Gl ll COl I ~~~~C~~ ISEAU - fOri, ~~r? ~ / , , i/ZL~IGt_ ISEAU (Mortgagor ? Linda Jo ole STATE OF FLORIDA ' - ~ ~ COUNTY OF $rj' LUCIE ! I HEREBY CERTIFY, [hat on this daY, before me, an off+cer duty autttor+red in the State aforesaid and rn the County aforesaid to take acknowledgments, perspnall eared Glen H Cole and Linda T Cole strYit~~i'/j~ ~~rrie known to be the person described m and who executed the foregosc+4 ~Iby~e~ ` °~~~y acknowt~dged before me that they executed the same. WITN $ my hand ari~~~) seat ~t~i v~tity aruf S e last ore>ard this 1-~}h _ day o! , A D., 1 + r f. :u ~!i` • ~ Notary Public tl1" , (jR~~ PACE ~ • ~ ~ j y My Commrss+on Expires: B4(3K t'~:• 1 NOTARY PU6UC STATE of fIORIDA At tA#~GE "%~0.~~'~"''~;~• ~w~ Mr COMMISSION E)cPIRES INAR 7 1981 4-ti014-000.7 Rev. S/77 ~~f1I?A~C t : i ~~'''~~,.i,.,:•, ~ 1ONDiQ 11'IRU ~'iENERAI. 1NS~ UNDE$WRITEftS ~ ~5~ x_