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Home My WebLink About0959 DIRECT HOME IMPROVEMENT MORTGAGE ~ ~ - ~ o o ~ c3-~ WITH FUTURE ADVANCE 495532 H S MQ RTGA E, made th+ 6th flay of August _ A.O., 19 80 ,between' I?1ic~ael C. ~rny anc~~au et~te~irny, his vii e IMortydgor? and Sun o t . ie i.mty IMortgageel: (Nameol Sun Bankl WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal anti interest on the rtote las hereinafter defined), Mortgagor hereby grants, assigns transfers anti mortgages to Mortgagee, its successors and assigns forever, the tollow+ng described real property in St. Lucle County, florda, to wd: Got 10, Block 478, PORT ST Ll1CIE, SECTION 'IWEN'IY SIX, a subdivision. according to the Plat thereof, as recorded in Plat Book 14, at pages 4 and 4A through 4C of the Public Records of St. Lucie County, Florida. 1980 AUG -7 PN ~ 25 FILED 1R~N(`ppk~~CCOROEO `'L - ST~~ER POI~~A~~~ t in Payment Oi Tazss Ct.ERK CIRCUIT COURt D;N OIL Clas " C" Irgarlpibls Personal Proptflrty, R[COaA YERIFIEO_~~_ K To ChapzK 71. t3~. Aps Oi 1871. ~ ROGER POfTRAB y 495532 b ~ Cletrk Ckcuk Coup. S>~. Luda~ Co., Fla. (here+natter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and w+il defend the same against the lawful claims n( all persons whomscever- PROVIDED ALWAYS, that if Michael C. Gurny and Paulette Gurny, h1S Wlfe the Makerls) of that jlnsert Namelsll ' ~l certain promissory note dated the date hereof (the Note, their heirs, legal representatives or assigns shall pay to Mortgagee R the principal sum of S 6.364.47 as ev+denced by the Note, with interest and upon the terms as provided therein, the heal maturity date of the Note and of this Mortgage be+ng August 5, , 19 87 ,which Note provdes 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 tee, upon default in the payment of the Note, aril that rf,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 vim and accrued, earned interest shall become due and payable without nonce at the option of the holder thereof: and shall perform and comply with each and every stipulation, agreement and cow E errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shat! remain ' in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and aisess- merits on sold property; to carry insurance against hie on the building on sad land for not less than S n/a ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be heW by the Mortgagee and to keep the building on sad lard m proper repau. T This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are oblgatory or ! ~ to be made at the o lion of Mort p gages, or otherwise, as are made within twenty 1201 years Irom the date hereof, to the same extent as +f wch future advances were made on the date of the execution of this hlortgage, t,ut such secured indebtetness shat) not exceed at any ! O _ ~ ame the maximum pr inupal amount of S n/a plus interest, and any disbursements made for the payment k _ U of taxes, levies, or insurance, on the Mortgaged Property, wnh +merest on wch disbursements. Any wch future advances, whether - 'U obligatory or to he 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 notes secured by this Mortgage. This Mortgage +s given for the specific purpose of securing any and all indebtedness by the Maker to Mortgagee (bat m no event shall the secured indebtedness exceed at any lime the maximum pnnapal amount set forth in this paragraph) .r. whatever manner this indebtedness may be ev+denced or represented, until this Mortgage is sat+sfied of record. All cove- ~ Hants and agreements contained m this Mortgage shall be applicable to all further advances matte by Mortgagee to Maker under this _ ~ ' future advance clause. ; O ! < Should any of the above covenants be broken then the Note and all moneys secured aereby shall, without demand, +f the I .I ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, 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 low, shall be paid by the Maker, and the same are hereby secured. ? - ~r IN WITNESS WHEREO , th Aortgagor has executed this Mortgage as of the date hest above set forth- - C!:• x - ~ - Signed, sea and deliver .n our p ce _ (~,J ISEALI C . Gt~tl~3ag r ; ISEALI 1 Paulette Gur~"~g°r 1 Flori ~ STATE OF 1 t 1 COUNTY OF St. LUCle 1 s t ' HEREBY CERTIFY, that on this day, before me. an oif,cer duty authonrerf +n the State aforesax and m the County aforesaid i Michael C. and Paulette Gurny 7 ro take acknowtidgments, personally appear _ to me known to be the person described m and who executed the foregoipa instrument arxf _ they atknowtedyed t~efore me that th_ e~ executed the same. ; ~ . , WITN~SS my ttatlQ.~lGra( seal in the Coun y and Static last aforesaid th+s - 6th day of _ ~~St A D . 19 Uy r C~,f',,rJOTARY PL18UC STATE CIF fIORIDA AT L'+RGE r { _ ~1GU;rt,SAISSION EXPIRiS h1r~~1 1~4_--------- ,i`G~. Note ~PuNhdtt`~U C,tr.tKAt li~~, UtiV~n..xiiciU My Commission E~xpu/e'?s. a-6014-000-7 Rd. 8/77 . ~ ~ 9~ , i~ WV Pwt1[ , . r.. ~ ~ ~ . <; ~s~ i - ~