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HomeMy WebLinkAbout2011 ~ DIRECT HOME IMPROVEMENT MORTGAGE WITH FUTURE ADVANCE THIS MORTGAGE, made flits 2Sth day of _.Tts_ ~ _ , A.D., 19 -.$Q_ . betwNn' _$Qi~Y B. BrslBnt (Mortgagor) and Sian Bask of St. Lucie. Co. ~ (Mortgagee[; INameof Sun Bank) WITNESSETH, that Mortgagor, fw and to consideration of the premises and in order to secure the payment of the principal and interest on the note Ias Mretnattsr defined), Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns fortver, the folbwirq described real property in $t• Luci@ County, Fbrda, to wit: The Westerly ~ of Lots 1 and 2, HILLSIDE SUBDIVISION, according to the Plat thereof recorded in Plat Book 7, page 43, i Public Reocrds of St. Lucie County, Florida. ~ Jill. 29 ~M ~ 47 S~ A POI~pA. CLERK C01~ RECORD 1tER1F1f0 - 1 - 494291 o - ~ ~ 1 (hereinafter referred to as the Mortgaged Property!; and the Mortgagor does hereby tufty warrant the title to the Mortgaged Property and will defend the same against the lawful claims of all persons whomsoever. - ' 1~•~,'•~ - - , ~ PROVIDED ALWAYS, that ~f Ef~nily B Bryant ,the Makerlsl of that t.-- [Insert Namelsli f certain promissory note dated the date hereof (the Notel, }iet' heirs, legal representatives or assigns shall pay to Mortgagee ' r ~ the principal sum of 5 3+733.17 as evidenced by the Note, with interest aril upon the terms as provided therein, the final ' J maturity date of the Note and of this Mortgage being July 25th , fg84 ,which Note provdes that _ ;~`i all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in r= writing, and that each maker and endorser agree to pay al! 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 K not made ~ 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; 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 . G Z ~ in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- il _ ; ~ vl merits on said property; to carry insurance against tue on the building on sad land for not less than S .approved _ • _ h; t r by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the I~ building on sad lard in proper repair. This Mortgage shall secure not only existing indi~tedness, 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 ~ if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any time the maximum principal amount of $ n~a plus interest, and any disbursements made for the payment I _ ~ O of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether obligatory 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 C ~ A ~ any other notes secured by this Mortgage. This Mortgage is given for the spetdit purpose of securing any and all indebtedness by the _ is Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any tune the maximum principal amount set forth in this ~ paragraph?-m-whatever manner this indebtedness may be evdenced or represented, unt,i this Mortgage is.sauslied of record. Atl cove- s - O! yt Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ?a I~ future advance clause. r ~+IW z sl O ~ O Shbuki any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, ~f the }~.i', ~ i,~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and alt costs and expenses of collection and J ot.1:.--I C: reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or di ~ Ipdq through an attorney at law, shall be paid by the Maker, and tfie same are hereby secured. rl iJ r z ~ i ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first abov0 set forth. _h~+fN - ( Sgned, sealed and delivered 1~ in our pre c ~ • ISEAL? ! 5 - ortgagor) i ISEALI RtCGYED f 1•`/ Ill P11`lEtfNT OF TAlt~ortgagorl DD'c 0:1 CLsiSS 'C iKTki:6 LLE PcRS~I:n! PFO?ERTY~ STATE OF Florida t11~g:?1>,Mi TO i.11:,Piz3 71-u4r ASTS OF 1lll. St. Lucie ! sos>:~ PwTw?s COUNTY OF CLEi[KICLiCWT COWITe ill. IJIGE CQy RA.9~~ _ I HERE~Utl~~l4Fy~hat on this day, before me, an officer duly authorized in the State aioresad and in the County aforesad ~ Fins 1 y B BrVa»t to me known to be the to take adfnuElirl , ~~ally appeared _ person described :R'~ in and ~ho P,~e~tad~he f instrument arM She acknowledged before me that She executed the same. - Gs rI/ 11g1~~ mY ha~~', fjf~31 seal m the County arxf Sta ast foresail this day of , /i ~ "s.~~'~,' ' ~ 1Q~ i~V~' z• N ary Pubbc ~T~r F[18LUC STA E Of fIORIDA AT L/1Rt~ '•.,~~0 ~-~*~'~~'~Q~ Comm~ss~on Expires: MY CflMMI5510N EXPIRES p({ 19 1983 • .RIDA ~t 0~ ]ofiV[~D THRU GENERAL INS tJNOERwRITERf 4-G014-000.7 Rev. 8/77 ~~~'Ifi~twrds ot,..v.„. . p ~ BoOK~~ P4GF _ _ _ ..v ~r.