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Home My WebLink About2004 DIRECT F~WME IMPROVEMENT MORTGAGE wITH FUTURE ADVANCE - 25th July 80 HIS OR GAGE, made thi clay of A.O., 18 . between' Pero ~nterian an~~Isa R~Tfl~erlan, s e O t. 8 ty IMortgagorl and (Mortpageel; )Name of Sun Bank) WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the prmcipal and interest on the note las hereinafter defined), Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successes and assigns forever, the following described real property in .St • Luele County, Fbrda, to wit: Lots 3 and 4, Block 377, fort St, Lucie Section Six, according to the i plat thereof, as recorded in plat book 12, pages 36A thru 36D, of the public records of St. Lucie County, Florida. f Tfiis is a sfrcond mortgage. THIS IS A O~RRECTIVE IrpRTGAGE BEING RECORDED •h0 OORRECT LEGAL DESCRIPTION ON I?~aRT('~IGE LIATED FEBRUARY 13, 1980, RECORDID IN 0. R. BOOK 325, PAGE 2215, ' .OF THE PUBLIC RECOItD6 OF sT. LUCIE oo[~nY, FLORIDE?. 494284 . NeaE ~cEwEO s Co+E4ecinC IN PAST of TAB ~ ~ 29 AM ~ ~ 46 OV. ON Cif ~S 'C' INTRtl6 0LE PFk:.rJY:.I PROPERTY. f E RIFE` RE fOaS:ialiT TO GH.1P1~S 71-,~;. RATS OF 151E - 0 C( ROG:R PuRkAS P~N~A• aiilK p:.CICT CO11ATr SL UI+~ C0. N~~~- IRpNT COURT RECORD VERIFIED (hereinafter referred to 8s the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and will defend -the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that if Pedro R. Interian and Elsa K.Iiiterlan, h1S ~ttt~Makerlsi of_that [Insert Namelsl) certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagee the principal sum of S 10, 043.24 ~ evidenced b the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being ~ebruary 13, , 19 90 ,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 makfN 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 if default be made in the payment of any installment thereunder and that if wch default is not made good in accordance with the terms of the Note, that the entire principal wm and accrued, earned interest shall become due and payable 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 and the estate hereby created shall be vod, otherwise the same shall remain Pre full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry insurance against fire on the building on said land for not less than S n a ,approved by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be hekd by the Mortgagee and to keep the building on said land in proper repair. ' This Mortgage shall 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 1201 years from the date hereof, to the same extent as ~f wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any 1 time the maximum principal amount of S -,]/a plus interest,-and any disbursements made for the payment } ~ ~ of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements: Any wch tuture 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 ~ 1 any other notes secured by this Mortgage. This Mortgage is 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 principal amount set forth in this :rte ~ ; paragraph) in whatever manner this indebtedness may bb evidenced or represented, until this Mortgage is satisfied of record. All cove- n ~ ~ Hants and agreements contained 'in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this Q future advance clause. -I f, ty,l Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the d Mortgagee, so elect, at once bernme due and payable and this mortgage may be forf~losed, and all costs and expenses of collection and ~ reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or ~ ~ ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. _ j ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. Signed, sealed and detrvered ~n our Bence: (SEAL) P R. i~Pr' . Q (SEALI ~ Elsa K. Int~~ig°rl ~ STATE OF F10rlda 1 i COUNTY OF St • LUCle 1 1 t 1 HEREBY CERTIFY, that on this day, before me, an officer duly autfgnied in the State_ aforesaid and m the County aforesad to take acknowledgments, personally appear~edr0 R. and Elsa K. Interia>~ me known to be the person described m and who executed the foregoing instrument and they acknowledged before yie that a led the same. WITNE my hand and official seal .n the County and State last at esad thns ~P" day of , A.D., 19 _ k Notar ~ ~p• lic ~i TAf[Y $IltE-Of FIARID~ aTl fJ?iCri 4.~1~.~ Rav. Psi - , w~,,~~'l ppC EXPIRES MAR 21 1984 f.nWne 1,•y i . _ _ ~I A - ~ _ c __i_ _