The URL can be used to link to this page

Home My WebLink About0405 DIRECT HOME IMPROVEMENT M RT - ~ 3a~~ 5 WITH FUTURE ADVANCE O .GAGE ~ 493312 I THIS MORTGAGE. made this 8th day ,ol July A.O., 19 _.gQ_ ,between' { Gerald Lee Metz and Bonnie L. Metz his wife - IMortgagorl and Sun Bank of~iSt. Lucie Co. (Mortgageel: (Name of Sun Bank) WITNESSETH, that Mortgagor, Ipr and in consirieratron of the premises and in order to secure the payment of the principal and interest on the note las hereinafter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and - assigns forever, the following described real property in St• Lucie County, Fbrde, fo wit: i Lot 8, Block 1, PINECREST ESTATES UNIT ONE, a subdivision according to the Plat thereof, as recorded in Plat Book 16 at page 34 of the Public Records of St. Lucie County, Florida. " THIS IS A SECOND MORTGAGE ~ 4~~ i" Jam;: r ! ~ _ _ ~8A ,~A 18 PN 1Z~ 59 m trFt'i ~i '?E:'th.. - COURT ~ Received • ~ • 6 ~ to Paymefn Oi Tauoa ~ Due On Class "C' intanpipN ParsaMl Pto~ly. - Punwnt To CinPtM 71.1i1r ARIR q tf71. - - IlO~EIt ~Of1~11S CIse1L ClreL~lt vertR LiM1iR~,lIR. (hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby lutly warrant the true to the Mortgaged Property and will defend the same against the lawful claims of all persons whomsoever. ~ PROVIDED ALWAYS, that if Gerald Lee Metz and BO1~ie L Mete his wife ,the Makerlsl of that [Insert Namelsll I Certain promissory note dated the date hereof (the Notel, thPi r hens, legal representat,ves or ass+gns shall pay to Mortgagee the principal sum of $ 3.520.44 as evidenced by the Note, with interest arxf upon the terms as provided tlierem, the final " maturity date of the Note and of this Mortgage being 'j~y 7th , 19 83 ,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 i writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the f 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 ' l good in accordance with the terms of the Note, that the ensire principal win and accrued, earned interest shall become due and payable ~ without notice at the option of the holder thereof; and shat) peYlorm and comply with each and every stipulation, agreement and cov- enant of the Note aril of this Mortgage, then this Mortgage and the estate hereby created shall be vo,d, otherwise the same shall remain in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- merits on said property; to carry insurance against fire on the building on card land for not less than $ n~a ,approved i by the Mortgagee, with sta:xlard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee .and to keen the ~ building on said land in proper repair.: j This Mortgage sha11 secure not only existing indebtedness, but also wch future advances, whether wch advances are obligatory or ! to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 years from the date hereof, to the same extent as 1 of wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any O time the maximum principal amount of S n/a plus interest, arRf any disbursements made for the payment _ U j of taxes, levies, or insurance, on the Mortgaged Property, wnh interest on wch disbursements. Any wch future advances, whether ! i oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or G v ~ any other notes secured-by this Mortgage. This Mortgage is given for the specific purpose of securing any aM all +ndebtedness by the . + ~ Maker to Mortgagee (but in no event shat) the secured indebtedness exceed at any time the maximum principal amount set forth in this j I ,.a ~ paragraph) m whatever manner this rndebtednezz may be evidenced or represented, until this Mortgage is satisfied of record. Afl cove- , Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker urtdei this C ' ~ ; future advance clause. - - ' ' ~ fn ~ t O , z W ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, d the °Q D ! Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collectior. and _ • aG ~ reasonable attorneys" tees, including costs, expenses and reasonable attorneys' fees on appeal, rf collected ny legal proceedings or T ~ ~ ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. ~ y ara - ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. ~ _ ~ ~ - ~ ~ ' Signed, seated and de' erect i ' m our presence: I - ISEALI - IMortgagor? , ~"„~-_`.Q~ ISEALI (Mortgagor) ' ~ STATE OF Florida ( { _ ~ COUNTY OF Sta Lucie ? r t Nlt/ f• I HEREBY;ft~~u~f ~t this daY. before me. an officer duly authorised in the State aforesaid and in the County aforesaid ! to take ackno~e~tgpq~i~ly~appeared ~-pral_d Lee br BoririiP Mpt~ to me known to be the person described ~n and who ~I 'r~f~r ~ nt and the~? - ~le R tTjlne acknowledged before me that y executed the same. ~ " • y WI l~~~~~~~~d ! b+ the County and State a foresaid this 8th day of Jul A.D., 19 ~ ; . - J , ,'i r`G N ary Public %.~~V1t! p ~ `at 4' CommisvYePU6UC STATE ClF FLCIRIDA AT LARGE ' `s.r MY COiMMISSION EXPIRES OK 19 1983 ~ONDf6 JMRtI GEt~iERAL INS W~ERWRIt~~ f 4-6014-0047 Rev. 8/77 c~ "^t,,. i,.~o,~, y 30t~1K~J5 PAGE t - -