HomeMy WebLinkAbout0505 DIRECT HOME IMPROVEMENT MORTGAGE O 3d~O ' ~t
WITH FUTURE ADVANCE
4
THIS MORTGAGE. made this _.~,s•~ • 'day of August. , A.O., 19 ~Q_ ,between'
Wallace Edward Underhill and Katherine Elizabeth Underhill: his WifelMortgagor) and j
Sun Bank of St. Lucie Co. IMortgageel;
r
INameof Sun Bank)
WITNESSETH, that Mortgagor, for and in conside?ation of the premises and in order to secure the payment of the principal and
interest on the note las hereinafter definedl, Mortgagor hereby grants, ass+gns transfers and mortgages to Mortgagee, its successors and
auigns forever, the lollow~ng described real property m $t. Lucie County, Fbrda, to wrt:
Lot 41 and the North ~ of Lot 40, Block A, West 8nd Addition as
per plat ou file in Plat Book 2, page 5 of the Public Reocrds t
of St. Lucie County, Florida. _ !
• ._r..;
THIS IS A SECOND MORTGAGE ~
~4 - ~ _ 1 9. 3 0 i
Received 8 ~~in Payment Ot Taxq
{9~ A~.1~ 22 i~ ~ ~ Due On Clsss "C" mtafipibla Pa?sonal Pyovsrhr.
Purst?ant To Chapter X1,1341, Acd 011Y11.
FILEQ RNC ~~CCRDCO ROCsER ~Lq
S R06ER
P~OITRASA \
3 CLERK CIRCUIt COURT ~ Clerk CNCYK Cotta, Sf. LudR 00. HL
u
\c1 • RECGRG f,'FRIFIf:S1_~~_-
b
49'~0~64 . -
Ittereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby sully warrant the t+tle to the Mortgaged Property
and wnl defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that rf Wal 7 aCe F.dvard & Ka hprinp Fl i rah h Ltnd _rhi l ache Makerls) of that ~
(Insert Namelsl(
certain promissory note dated the date hereof (the Plotei, their heirs, legal representai+ves or ass+gns shall pay to Mortgagee
the pnnc~pal sum of S l2 ~ 147.12 as evidenced by the Note, with interest arxf upon the terms as prov+ded therein, the heat
maturity date of the Note aril of this Mortyage being ~ Atlg. 14th lg _ ,which Note provides that
p pa gages, or at wch other place as the holder may des~gna{e in
all installments of nnu I and interest are payable at the office of Mort i
writing, aril that wch maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default m the
payment of the Note, and that if 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 pr+ncipal win and accrutd, earned intr. est shalt become due and payable
without nonce at the option of the holder thereol: 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 shalt be void, otherwise the same shall remain f
j in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
ments on sa+d property: to carry insurance against f ae on the bu+tding on said larxf for not Tess than S n a ,approved
by the Mortgagee, with starxfard mortgage loss clause payable to Mortgagee, the policy to br held by the Mortgagee and to keep the ~
bwtd+ng on said land m proper repau. nn i
This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances air obligatory or
to be made at the option of Mortgagee, or otherwise, as are made w+th+n twenty 1201 years froth the date hereof, to the same extent as
.f wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
p ! Ume the maximum pnncrpal amount of S - n~a plus interest, and any disbursements made for the payment
U' of taxes, levees, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
~ ~ oblgatory or to tw made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or
"f ~ any other notes secured by this Mortgage. This Mortgage rs given for the Speerf+c pu:IMSe of securing any aril all +ndebtedness by the
~ ~ hlaker to Mortgagee Itwt m ro event shall the secured indebtedness exceed at any time. the maximum pnncrpal amount set forth in this i
a~
paragraph) m whatever manner th+s indebtedness may be evidenced or rep:esemed, until this Mortyayr rs satisfied of record. Ail cove-
Hants and agreements contained rn th+s Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
u ~ future advance clause.
~3 cn
_ O
S'' W ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, d the
c7 p
Mortyagee, so elect, at once become due and payable aril this mortgage may br foreclosed, and all costs and expenses of collection and
'x reasonable attorneys' tees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or
r G
` ttf ' through an attorney at taw, shalt be paid Dy the Maker, arxl the same are hereby secured.
_ ~
IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first atx+ve set forth.
c~ 7 i
r i
$~gned led and de:rverrrf
~n ou presen
(SEAL)
IM or 1 !
(Mort r)
r
STATE OF Florida
~ 1
COUNTY OF ~ ~tt~C~ 1
1 HEREBY:1?Ef~IF:Yrat~~o~'ir?1'; day, before me, an officer duly autttorved rn the State aforesax and rn the County aforesaid
i7allace Edward ~ Katherine E
to take acknpfvl rrle~s/q~tbtte 4 ared Z8 et ri er to me known to he the person described
,n and who exe2u ~ e~ the
tad the for t`irtllrjfrst acrd acknowledged before me that . _y executed the same.
_ ~r
WITNESS~NN?;~tt~d and fifLua~ y~l,irtthe County and State last a e d this l5th clay of Au$. ,
``~•j; - ~ • ; Notary P .+c
,~!nr„„ MyCom +ssxxr EH@>S1RY PUBLIC STATE Of FLORIDA AT LAIIGE
- 111 ~"J PA~ ~ My COMMISSION EX? I RfS DEC 19 19 8 3
4.6014.000.7 Rev. 8/77 8~ `gVOEQ IWtU GENERAL INS NNDERWRIdiW...P.n.