HomeMy WebLinkAbout0862 DIRECT NOME IMPROVEMENT MORTGAGE ~ y " ~ 3 ~
WITH FUTURE ADVANCE 9~Cp~ ~ /
I 7HIS MORTGAGE, made the lArh day of T~T-- , A.D., 19 ,between'
nrh and Patricia Dixon (Mortgagor) and
S4R--8aazk of 5t LuciQ--l~auat~ 1Mortgageel:
(Name of Sun Bank(
WITNESSETN, that Mortgagor, Iqr and rn consderation of the premises and in order to secure the payment of the prinnpal and
interest on the note las herernafter definedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
assrgns forever, the /ollowrng described real property in $t Lucie _ County, Fbrda, to wit:
Lot 9, Block 1, and the West 7.5 feet of vacated alley adjacent on the East of
,11i11ie~Johnson's Subdivision, According to the plat thereof, recorded in plat
book 8, page 46 of the public records of St Lucie County,Florida.
Less and excepting portion deeded to the City of Fort Pierce fora right of way
easement in-and to lands described therein for street and public utilities
plYrposes in Deeds recorded in Deed Book 23$, Page 359 and Deed Book 238, Page
363 of the public records of St Lucie County,Florida.
This is a second mortgage.
fl ~ - and
Lot 4, Block B. revised plat of Alamanda Vista Subdivision, as per plat
thereof on file in Plat Book 7, page 40 of the public ds gn~~TaDO~t
- Aaoflllwd i
County,Florida. Ous ~ Clsss ~n~~ prstsprlett+Tapaet~~
- This is a second mortgage. Tt, CMpRlfar ~l• 1~• ~ a ~ -
r~ RO~iER p01TRAS
Mary CMCUIt Cofrrs~ St.it~. Co., Rr.
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(herernafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
! ; I and will defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that if OSbie and Patricia DiZOn ,the nrtakens) of roar
• (Insert Namefsll
,
- i certain promissory note dated the date hereof (the Note1, ..thy heirs, legal representatives or assrgns shall pay to Mortgagee
1 the principal sum of sfi969, 9& as evidenced by the Note, with interest and upon the terms as provided therern,.the final
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- . _ maturity date of the Note and of this Mortgage being ~j{ah--1$ 19 $Q-_ ,which Note prov,des that
. all installments of pr,napal and interest are payable at the office of Mortgagee, o: at wch other place as the holder may designate in
_ . y writing, and that each maker aril endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the
~ payment of the Note, and that d default be made m the payment of any insra0ment thereunder and that if such default is not made
a _ 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 holder thereof; aril shall perform and Comply with each and every st+pulation, agreement aril cov-
_ , . , , errant of the Note and of this Mortgage, then th+s Mortgage and the estate hereby created shall be void, otherwise the same shall remain
in full force. Maker covenants to pay the interest arxf principal promptly when due. Mortgagor covenants to pay the taxes and assess-
i Z ~ merits on card property; to carry insurance against tyre on the buikiin9 on card land for not less than S ,approved
by the Mortgagee, with standard mortgage loss clause payable to Njortgagee, the policy to be held by the Mortgagee and to keep the -
_ budding on sa,d land in proper repair.
. r 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 120) years from the date hereof, to the same extent az
rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
~l hme the maximum principal amount of $ _ I1~S plus interest, and any disbursements made for the payment
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`)i of taxes, levies, or insurance, on the Mortgaged .Property, with interest on wch disbursements. Any wch future advances, whether
_ obt,gatory 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
an other notes secured b this Mort
•U~ Y Y gage. This Mortgage rs 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 pnnupal amount set forth in this
.-7} paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
, vj Hants and agreements contained +n this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under ihrs
;r,i future advance clause.
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• ~ O Should any of the above covenants be broken then the Note and ail moneys secured hereby shall, without demand, rf the
I x; Mortgagee, so elect, at once become due and payable aril this mortgage may be foreclosed, and all costs and expenses of collect+on and
y CI reasonable attorneys' tees, rnclud,ng costs, expenses and reasonable attorneys' fees on appeal, it collected by legal proceedings or
through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
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- IN WITNESS WHEREOF,-the Mortgagor has executed the Mortgage as of the date fast above set forth.
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S:geed, seal and de:ivered ~~q I
m our Pre ce: ~ ~ i ~
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_ ISEAL)
~j TY.i 1 a agor)
ISEAL!
(Mortyago i
STATE OF Florida ? •
483583
COUNTY OF St Lucie 1
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r,,arr„
I HEREBY CER~Ih"~; t4et•p ~tjy~s day, before me, an officer duly authonterl +n the Starr. atorthard and m the County aforesa+d
!o twice acknowl ~~enti''~i~ '~~j 4' Orbie and Patricia D1XOn
- i • ~ - - to me kncwn to be the person descnbed~
,n and who exegtr~6 jf~/lrr~pg ,n9~ ` apt and they acknowledged trefore me thattheY executed the same.
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WITNESS~rha~l ai~otfi~ •r~f1e County and State atoresa,d th+s 1$~__ clay of-July _
AD,19~,~.i r? o r.3_
TARP PUBLK STATE
• r/L;,~ My Commrss,on'E"~r~ISSION EXpI ~~IDA AT URt1E
EONOED T11RU GENERAL 1N~5 OE6 19 1983 •
4 6014-0047 Rev. 8/77 ~R~~ UNDERWRI IEI~i , ~
80~K
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