HomeMy WebLinkAbout1591 UIfiECT HOME IMPROVEMENT MORTGAGE ~~'~~°a ~ 3~``'Z~r
wtf H FUTURE ADVANCE 4,9~~i~ypp
THIS MORTGAGE, m,xlr thn __7~t1. day of ____-~1i9Y$_t--_.._ _ A O.. 19 _$C) , between'
Walter D. Pride and Better J, Pride, his wife 1Mnrtyaynr) ants
_ - -
Sun Bankof St. Lucie County _ _ _ IMottgayrr?;
(Name of Sun Bank I '
WITNESSETH, that Mortgagor, Inr ancf rn consrderauon o1 the prrmrsrs ancf rn order to secure the payment of the pnnupal anti
rnterest on the Hole las hrrernatter cfrf,nedl, Mortgagor hrrelry grants, assryns transfers and mortgages to Mott.~-?ges, ,ts successors anti
assryns forever, the lonow,ng drscrrbed real property rn .~_-_S_t,__Lucie------------------ Coumy, FlOrrda, to wet:
Lot 2 B, except the North 25 feet thereof, J. F. WOOTEN'S
SUBDIVISION, according to the plat thereof recorded in Plat
Book 1, Page 197 of the Public Records of Saint Lucie County,
Florida.
Except all of that part of the above described property
lying west of the Florida East Coast Railroad right of way.
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(This is a second mortgage.)
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1980 AUG 12 ifl~ 9~ 0 7 Received s ~arJ S P~~ a T.x..
oue Or+ Class r•C" Inunp~pw~~
pursnanl Tp Ch ~
Ftf.EO AND FfCON17E0 sptflK 71.134` A~ a
ST. WCIE COUNiY.F A. ROGER hOITHAB
' ROGER POITRA~
CLERK CIRCUIT CO T '"Iwr~ CtrCUit Coup, $t, CO.. ~
RCCQ!0~ YCRiFIED___~- _
(hcre,naRer refeued to as the Mortgaged Property!, and the Mortgagor does hereby fully warrant the tale to the Mortyagcr1 Property
and viol defend the ame against the lawful clams of alt persons whomsoever. ;
PROVIDED ALWAYS, that rf Walter D, & Betty J. Pride, his Wlfe_ tfteMakerlslofthat
!Insert Name1s11
certain promissory note dated the date hereof (the Note1, their hors, legal representatrv?s or assigns shalt pay to Mortgagee
the prrnerpal sum of $ 1 Q • 2 7 5 - 19 as evidenced by the Note, with interest arxf upon the terms as provided therein, the heat
' maturity date of the Note arXi of this Mortgage bring _ August ~ t;9 83 , whech Note provides that
all ms[allmer,ts of princ,pal ancf interest are payable at the office of Mortgagee, or at such other place as the holder may designate in
wr rung, aril that each maker arxf endorser agree to pay all costs of collection, inclucirng a reasonahle attorney's fee, upon default rn the
payment of the Note, and that ,f default be made m the payment of any installment thereunder and that rf wch default is not mane
good ,n accordance with the terms o1 the Note, that the enure principal vim and aecruer~, earned interest shalt become due and payable
swthout notice at the option o1 the holder therrrof; and sha!1 perform arxf comply weth each and every strpulat:un, agreement and cov-
enant of the Note arx/ of ihrs Mortgage, then this Mortgage arxf the estate hereby created shall be voed, otherwese the same shall remain
m full force. Maker covenants to pay the rnterest and pnnctpal promptly whr>n due. Mortgagor covenants to pay the taxes aril assess-
ments on Bard property; to carry insurance ayarnst fire on the burklmg on card land for not less than S ,approved
~ by the Mortgagee, wrih standard mortgage loss clause payable to Mortgagee, the pofecy to be held by the Mortgagee and to keep the
~ bu,ldinq on Saed :and m proper repair.
I a
' O Thes Mortgage shall secure not only exesteng nxfebtedness, but also such future :xfvance.K, whriher such advances are ublrgatory or
U to be made at the option of Aiorigagee, or otherwrae, as are made wrthrn twenty 1201 years from the date hereof, to the same extent as
j rf such future advances r.?re made on the date o1 the execution of ihrs Mortgage, but such securr.•cf mdebtfxiness shaft not exceed at any
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-,-f nm2 the maxrmum pnncrpal amount of S N~A plus rnterest, arxl any desbursements made fur the payment
U of taxes, levees, or insurance, on the PJlortgaged Property, with rnterest on wch drsttwsement;. Any such future advances, whether
~ oblegatory or to be made al the option of the Mortgagee, or other;nrse, may be made either pr,or to or after the due date of the Note or
i y !}age. Thrs Mortgage s gwen for the speeehc purpose of Securing any and all r:xiebtedness by the
! - an other notes secu*ed by this Mort
I - A!akr: to Mortgagee (but in no event shall the secured indebtedness exceed at any trine the maxrmum pnnupal amount set forth ,n this
~ _ J-t paragraph) .n whatever marnv_r this rrxfebtedness may be evidenced or represented, untr4 the; h7ortyage es sansf+ecf of record. Alt cove-
- `n Hants and age^.~ments contained rn thee Mortgage shall be apptecahle to all further advances marl•• by Mortgagee to F/laker under this
T future advance ct
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ii $hould any of thf• above covtnants be brok?n then the Note ancf a;l moneys secured hereby shall, without demand, rf the
- 7 ~ A7ortyagee, so elect, at once become clue anti payable and [ties mortgage may be forecloSf.•d, and at! cots aryl expenstts of coliectron and r
J b reasonable attorneys' fees. ,ncludrny costs, expenses ancf reasonable attorneys' fees on appeal, ~f collected by legal proceedings or
(Y~ through an attorney at lasv, shall be paid by the Maker, arxf the same are hereby secured.
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~ - ~ ~ IN WITNESS WHEREOF- the Mortgagor has exeeunxl Thrs hiortgage as of the date hest above set forth.
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g - $.yneo, ,?cried and de.wererl
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E ~ e~1K-CL - ` ~BC.~ - P ISEALI
(Mort ore
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STATE OF Florida 1
St. Luc~[7sr-,
COUNTY OF ~ r~.,• 1 r
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' I HEREBY CcRTI 'Q
~bn h~s~tllt~v~8fbrr• me, an of h;.er du+y authon~td rn the Stat.• afon~sa Kf :;n;t ut the County of oreia rtl
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'o tare ,rck•.u:1t.~cfgmr ~pFrsOrt~'~r-~~rec}~_D._.P~ _~SeWlc~rvP to tt" the p~rsnn described
.n ,;nrf :.ho ?xecuted 1'}~egptK;inStnrfMll•nt af1~~1-~ acknowiedgetf tx•fpre m•r that -~ey ?xrcuted the same. e
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4YITNESS my ha~d~1~ O~f~l leal~r the C~sty ancf State last afrar.•sa~d this -~ul- _ day of - ~f~lLt
A O . 19 8Q. ` f
~A • Notary Public - ,
•rr'41i. rti A1y Comm~ssron Exp.r r ri': 4<, .?:;I° n{ :_,.,:a ?.t y~
s 6014-000-7 Rev. 8/77 uNVw VW P~~f~ • • , ~ . _ .
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