HomeMy WebLinkAbout0863 DIRECT NOME IMPROVEMENT MORTGAGE ~ ~ ~ ~ 3~~~ ~
WITH FUTURE ADVANCE
!93584
THIS MORTGAGE, mad. this 18th daY of JUIV . A.O., 19 sg~- ,between
Horacin and Cesilia.$ amnn (Mortgagor) and
IMortgageel:
(Name of Sun Bank)
WITNESSETH, that Mortgagor, for and ~n consideration of the premises and m order to secure the payment of the principal and
rnterest on the note las herernafter detrnedl, Mortgagor hereby grants, assrgns transfers and mo?tgages to Mortgagee, its successors and
assigns forever, the following described real property in ~~t i•ttciP County, Fbrxla: to wit:
That part of the South 1/2 of Lot 16 of the Subdivision of the Russell
Estate in section 28, To~rnship 34 South, Range 40 East, according to a plat of
said Russell Estate Subdivision recorded in Plat Book 1, page 186, Public
Records of St Lucie County,Florida, which lies West of the Old Dixie ¦ighway
described as fmllows:
Begin at Sid corner of the South 1/2 of Lot 16 as above described and run North 1
• 96.60 feet for point of beginning, thence continue North 68.95 feet, thence
~ East 227.5 feet to the West line of Old Dixie Highway, thence Southeasterly
~~}'7 along the West line of the Old Dixie-Highway 75 feet, thence West 259.2 feet to
point of beginning. Racfah~ed • D'g J M Payment OtT~
X80 JUL T2 1~N ~ 4 2 otfe on claf~s ••c•• Intsffpibl~ ~t+a ~av~r.
pp~~TT ~ girlsuarn To Challptelr 71,134. /Ictrt O~',471I.
~ga3J~4 f~A CPOITRA 4~ ROl3ER POITRAS
CCERK CtRCWT Q Ckt~ Circuit Coup, St. L,ucl~. Co.. Fla,.
tt~ RECORD VERIFIED j _ -
.'V -
(hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
-'Q" and will defend the same against the lawful claims of all persons whomsoever.
J anti ('P i 1 i a Ra am ,the Makerisl of that
tr ~ PROVIDEO~ALWAYS, that ifdDlaLf..O C h on
(Insert Namelsll ~
~ 1 certain promissory note dated the date hereof (the Notel,--t~:.t heirs, legal representatives or assigns shall pay to Mortgagee
t - the principal sum of s 5401 _ 09 as evidenced by the Note, with interest and upon the terms as provided therein, the final
s` maturity date of the Note and of this Mortgage being July 18 , fg 80 ,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
.writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the ~
payment of the Note, and that it default be made in the payment of any installment thereunder and that it such default is not made
good in accordance with the terms of the Note, that the entire principal sum and accrued, earned interest shall become due and payable
. • ~ without notice at the option of the holder thereof; and shall pertorm and comply with each and every stipulation, agreement and cov-
• ~T' 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 tuff force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
i
• • ~ rttents on said property; to carry insurance against fire on the building on said land for riot less than S _II/a ,approved
by tl?e Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
7 ~ building on said land in proper repair.
. This Mortgage shall secure not only existing ir?debtedrtess, but also such future advances, whether such advances are obligatory or
_ . ~ " t 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~a plus interest, and any disbursements made for the payment
~ U ( of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether
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
any other motes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
U Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this
a paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
nants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
~ ~ y~ future advance clause. -
~ t
W ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
~ j Q Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
1 reasonable attorrte s' tees, includin costs, ex ses and reasonable attorne s' fees on a eal, if collected b I al roceed
.-t, x Y 9 Pen Y PP Y e9 P logs or
~ i f~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured-
~
-i ! ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth-
•f ~ ~
h ' ~ ~ Signed, sealed and delivered
in our pre e:
?.,i~.~l.Qit~ (SEALI
ortgagor) ?
(Mortgagor
STATE OF Florida 1
1
COUNTY OF $ t Lucie 1
I HEREBY CERTIFY ttt7~fon t;tis day, before me, an offrter duly authorized rn the State aforesad and rn the County aforesaid
tsssp y~
to take acknowledg~~~~6ppaaredNnraCj~nd Gr~r• i l is Rahamnn to me known to be the person descnbed
.
in and who execulteOj~jtefEjr'r~rA~jQttbu t and. ttl e~ acknowledged before me that theyexecuted the same.
WITtVRESS_>'n ~~I s~ts~,ftte County and State la a resa~d this day of ,
~ 't ,
A D-, 19 z:r 'tee ,~li = WR- GV~ ~ ~ ~ ~ r
O ~ _
~ t•'
E s`fw`•'•- ~ = M ommslsion E>~A~~RY PUBLIC STATE Clf RORIDA AT LARQt
~C~ MY COrdt.51SS10N EXPIRES OEC 19 1983
e~ p~ ,
•r/C•+ U~ lONOiG THRU GENERAL INS UNDERWRITERS i
a-so,~-ooa~ Re~?. em BQOK JJ5 PACE pV2
. - :
t _
- ~ ~ ~ x _