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Home My WebLink About0414 DIRECT HOME IMPROVEMENT MORTGAGE ~ ~ ~.~`~6 i ~vlTli FUTURE ADVANCE ~VS~,Sw THIS MORTGAGE. madN th+s ---1St day of _ August--------- A.D., 19 80__ .between' rnnniP Ross anA B~exni.ce_~OSSr- 11S---1d.1.f8----------------------------- - (Mortya+~orl aril Sun Bank Of St. Lucie County _ _ IMortgageet: (Name of Sun Bank) WITNESSETH, that Mortgagor, for arxf +n cons+derauon of the prem+ses antf in order to secure the payment of the princgtal arxf interest on the note las hereinafter det+nedl, Monyayor hereby grants, ass+gns transfers and mortgages to Mortgagees, rtssuccessorsand St. Lucie Florxla, to wet: assigns forever, the lollow+ng described real property rn - County. Lot 16, Block 3 revised SUBDIVISION LINCOLN PARK # 2, as per plat on file in Plat Book 4, page 77 and Plat book 3, page ~ 4, of the public records of Saint Lucie County, Florida. ~4'~ 7 . 1960 AUG -5 PN ~ 08 J~C,/ FILED RNO FECOiiGCD Rscetved # In Payment Of Textllft ST.UICIE COUIITY.FIA. Ous On Clsfss "C" InterpiblePersonafprot+W~t~rr ROGER POITRA5 - CLERK CIRCUIT COU: ~ Wrfcuent To Chapter 71. 134. AcU Or'p~t. aECOa~ ~rrt~IFfrn ~ - _ ROGER POITRAS Zh.! Cleclfit Court St. t.ucle. Co.. FIl?. _ - 495159 (here+nafter referred to as the Mortgaged Propertyl: arxf the Mortgagor does hereby fully warrant the foie to the Mortgagt•t1 Property and wrrl defend the same against the lawful clams of alt persons whomsoever. Lonnie Ross and Bernice Ross, his wife PROVIDED ALWAYS, that rt the Makerfsl of that Ilnsert Namelsll f cerra+n promissory note dated the date hereof hhe Note1, shpt r _ hens, legal represematrves or auryns shall pay to Mortgagee the pnnupal sum of S -Q,~4RR_U2 as ev+denced by the Note, with rMereSt and upon the terms asprowded there+n, the final rr'atur+ty date of the Note arxf of th+s Mortgage being AUgllSt 1 _ _ 199 , which Note prov+des that alt +nstanments of pnnupal and +nterest are payable at the office of Mortgagee, or at wch other place as the holder may devgnate in wr+t+ng, and that each maker and endorser agree to pay ail costs of cnllect+ort, rnclud+ng a reasonable attorney's fee, upon default rn the payment of the Note, and that +1 default be made +n the payment of any installment thereunder and that +i wch de(au!t rs not made good rn accordance wnh the terms of the Note, that the ensue pnnupal win and accrued, earned interest shall become due and payable w+thout nOt+ce at the option of the holder thereof; and shall perform and comply w+th each arxf every st+pulatan, agreement arxf cov- errant of the Note and of flies Mortgage, then this Mortgage and the estate hereby created shall be vo+d, otherwise the same shall remain ~ rn fuN force. Maker 4rettt~++t's?to pay the +nterest and pnnupal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on sa+d property: to carry insurance against lire on the bu+kirng on sa+d larxl for not less than S NA ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on sari land +n proper repair. I j Th+s Mortgage shal? secure not only ex+snng indebtedness, but also wch futwe advances, whether suth advances are obligatory or to be made at the option of Mortgagee, or otherw+se, as are made wrth+n twenty 120i years from the date hereof, to the same extent as E ~ gage, but such secured indebtedness shall not exceed at an ~ ' :f s+:ch future advances we•e made on the date of the execution of th+s Mort Y _ U _ trrne the maz~mum pnnupal amount of $ . NA plus +nterest, arxf any disbursements made for the payment f - ~ of taxes, leWes, or +nsurance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether obligatory or to be made at the option of the Mortgagee, or otherw+se, may be made other poor to or after the due date of the Note or .a any other notes secured by this Mortgage. This Mortgage rs given for the speufrc purpose of securing any and alt +ndebtedness by the - A!aker to Mortgagee (but .n no event shall the secured +ndebtedness exceec! at any t+me the maximum pnnr;,pal amount set forth in flies • pa•agraph) rn whatever manner th+s rrxfebtedness may be ev+denced or rep.-esented, until th+; hlortyage s sausf+ed of record. Au cove- a1 N Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under th+s ~ ~ w future advance Uauze. _ aC O '"'a Should any of the above covenants be broken then the Nnte and all moneys secured hereby shall, v+rthout demand, +t the Alorgay~e. so elect, at once become due arxf payable and this mortgage may be foreclosed, and al! costs and expenses of roltect+on and ~ ~ ~easonab!e attorneys' fees, +ndud+ng costs, expenses arxf reasonable attorneys' lees on appeal, rf collected by legal proceedings or - x though an aaorney at taw, shall be paid by ilia Maker, and the same are hereby secured. r = s. _ ¢7 N IN ~YITNESS WHEREOF, ;he Dortgagor has ex~eurecf this hlortctage as of the date first above set forth. $ y~ed- sealed ana de.rvnred ow ore,ence . ~"r - , Q-~-~- _ (SEAL) IMo: tgagor - - 1SEAL1 IMcrtyayor I STATE OF Florida t i couNTYOF St. Lucie l I HEREBY CERTIFY, that ore !ha day, before me, an officer duly authorrter) m the $rate aferesaKl and m the County aforesarrl 'o 'aka ack~olv:?dymertis„peY,sonally zlrpeared ._~nnle and Bernice ROSS- to rn~ known to br thr~ person clescrrbed : c, they they - a•*d oho executed t):1p fo?e9oRtg•Rrstrymertt Ind aeknowle[fgrxf t~fore me that _ executed the same. i~ ' = 1st August IYITNES$ my hind and a}f~+~al rrS~ii~~ounty and State sr ferr•sa~d th„ cfay o'. _ ~ _ N •y Pubirc ~.ts-' " h Comm+ssron ~:QTriRY P~J3i'C STtiTE C>f ?LORIDA AT LARGE F ,S M.Y CG;:;'.aSSION ExP1RFS DEC 19 19ts3 ~ ~w,~~ 1G r-L Tf:kU Gi\uLll INS UNDERWRITERS, 4 6014-0047 Rev. 8/77 r `pW~~ PiCE W1V~ WV A~ i ~~y - - STL - ~ r _ ,~qy - ly~y~ '~l- r^ ~ sy f