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Home My WebLink About0468 :1 , ~ DIRECT HOME IMPROVEMENT MORTGAGE ` ~ 3~ WITH FUTURE ADVANCE A~O~ THIS MORTGAGE, made this 20th day of Au$ust A.O., 19 ~0 , trctvreen' George W. Long and Glenda K. Long, his wife (Mortgagor) and Sint Bank of St. Lurie .j,Q. IMortgageeh INameot Sun Bank) WITNESSEtH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and interest on the note las hereinafter defined), Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property m St" Lucie County, Fbrda, to wit: Lot 45, Block 51, Unit 7 of Indian River Estates, a Sub Division as -ecorded in Plat Book 10, Page 75 of the Public Records of Saint Lucie County, Florida. THIS IS A SECOAID MORTGAGE Aga RECEIYEO s ol`J IN PAYt1t:NT OF TAXES - DOE ON Clr'`'S 'C' IKT `:i% 3iE PiRS9NAL PRO?EIITrr PUASUAfIt TO •ttarf: r li- :3, R:.TS di ii]i. AGGcR PUITfiAS txEat aRCYR cou>zT, sT. welt co, RA.~~ ~ - 1980 AUG 22 AK ~ 54 ST IUCIE CO0F~~ECjTO~ipF`A ~ ' , ~ v 1 ROGER POITRA?$ ' - _ _ ~ ` ' ~ ` ~ - CLERK CIRCWT CO . ~ I T FECQRD S'FRIFttED~ Ihereinaf*.er referred to as the Mortgages! Property!: a:xf tfie Mortgagor does hereby fully warrant the title to the Mortq~ged Property and will defend the same against the lawful claims of alt persons wfwmsoever- PROVIDED ALWAYS, tha: if George w_ Long A Glenda R. Long his wife "the Makerls) of that Ilnsert Namelsil - certam promissory note dated the date hereof (the Notel, their hens, legal representatives or assigns shall pay to Mortgagee the pnnupal sum of $ 3,136.70 as evidenced by the Note, with interest and upon the terms as prowled therein, the final - maturity date of the Note and of this Mortgage being Aug" 19th , Tg 85 ,which Note provides that all installments of principal and interest are payable at the hffice of Mortgagee, or at wch other place as the holder may designate in - wrrUng, and that each maker and endorser agree to pay all costs of collecUOn, 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 such lelault is not made good in accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become lue and payable without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall semam in Lull force. Maker covenants to pay the interest and Principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on sarJ 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 matyage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land m proper repair- • This Mort shall secure not onl exishn indebtedness but also wch future advances wherher wch advances are ohl for or gage Y 9 iga Y ~ 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 v if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any ~ y ~ t) ~ time the maximum prinapal amount of S _ n~`~ .plus interest, and any lishursements made for the Payment . of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether .-7 ~ obligatory or to tie made at the option o1 the Mortgagee, or otherwise. may be made either pnor to or after the due date of the Note or any other notes secured by this Mortgage. Iris Mortgage is given for the specific purpose of securing any and all irxlebteciness by the Maker to Mcrtgagee (but iii no event shalt the secured indebtedness exceed at any time the maximum principal amount set forth in this ~t paragraph) :n whatever manner this indebtedness may be evidenced or represented, until this Mortgag? is satisfied of record. All cove- r, Q Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this 3O future advance clause. I-i .~L' ~ ~ $hould any of the shove covenants tie broken then the Note and atl moneys securer) hereby shall, without demarxf, it the ~ 1ortgagee, so elect, at ons•e become due aril payable and this mortgage may be foreclosed, and all costs and expenses of collection and ~ +easorable alto+neys' fees, including costs, expenses and reasonable a[torneys' tees on appeal, d collected by legal proceedings or through an attorney at law, shall be paid by the Maker, aril the same aro hereby secwed. - tJl L - IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the to fast atxiwr set fo+th. - $iyned, sealed and deiwerecl ~ in u presence: $ ~ ~ ISEAL) r ~ /rrrtgagor) - (SEMI ~ - _ (Mortgagor) 1 STATE OF Florida St. Lucie t COUNTY OF 1 1 1 HEREBY CER~slftlf!!Ihi?t,gf+ this lay, before me, an officer duly authon~ect in the State aforesaid arxf in the County aforesaid ~ . r- rotake acknow;eTlt]~,mewt~;f)~JrSpPear®eprge br Glenda I,pI1$ to me known to be the person described in and who execinerf tJt fo in` tr 'i'nert and then acknowlid before me thatthe . ego Q+y~s y gel executed the same. ~ V tr WITNESS i'<'iy hand and f~k Beal he Counry aril State la aforesaid this 20th day of A1lp,. A.O., 19 ~ - , o ; G ~J 3 / ~ -1~~ • N ary Public r c-"Jv My Commission Ex ties: ~ 1t~ ~'•~'~r' ' NO~AtY PU3L:C STATE Of FLORIDA AT LARGE 4.6014.000.7 Rev.8/7T N:V CO~~;~1155iGN EXPIRES DEC 19 1983 (~~7 PA~iE ~ BO!t~ v ~rti:U Gi.;rv.~L INS UNDERWRITEkS`"+'°°~'° Bf10K