HomeMy WebLinkAbout0305 DIRECT HOME IMPROVEMENT MORTGAGE ~3~ ~
WITH FUTURE ADVANCE AA(~c
`t~q~ ~
THIS MORTGAGE, made this 5th day of Sept. A.D., lg 80 ,between'
James Edward Moore and Germaine Geraldine Moore IMortgagor? and
Sun Bank of St. Lucie Co. IMorrgagee?;
(Name OI Sun Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and
int,~rsst on the note las hereinafter definedl, Mortgagor hereby grants, assigns transfers and mat9ages to Mortgagee, its successors and
assigns forever, the following described real property in st• Lucie County, Fbrda, to wit:
Lots 3 and 10 of Block 3 of SILVER LAKE PARK SUBDIVISION, as
per plat thereof on file in Plat Book 10, at page 4 of the
public records of St. Lucie County, Florida.
3~ This is a Second Mortgage ~
~0'
1980 SEP -8 1~ 2; 3S Rsceitfed • ' 7 y ~n Paymsnt O~ Taxp
Oue On Clap ..C.. lnbn~ible Personal proM.ty~
FILFO eNC DECO pu?aueM TO Chrptsr 71• X34• Acta O+ ~Q7
S1 lUC1E COtINIY~'A, _
ROGER POITRA~ ROGER POITRAS~~
CLERK CIRCt11T CW1RT ~,tftrS Circuh Court, St. Laacis• CO.. FII,.
4:~6i5
(hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the titlr to the Mortgaged Property
• j and wnl defend the same against the lawful clauns of all persons whomsoever,
' PROVIDED ALWAYS, that if Jame8 Edward ~ Germaine Geraldine Moore ,the Makerls) of that
t; ~ 'L (Insae Namels)? ,
i certain promissory note dated the date hereof Ithe Notel, their hers, Legal representat+ves or assigns shall pay to Mortgagee
the principal sum of $ 10, 860.62 as evidenced by the Note, w+th rnterest and upon the terms as Dtovided therein, the firsal
maturity date of the Note and of thrs Mortgage being Sept • 4th 7g 90 ,which Note provides 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, arid.that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the
payment of the Note, and that if default be made m the payment of any installmen! thereunder and that d such default is not made
_ good in accordance with the terms of the Nole, that the entire principal vim and accrued, earned interest shall become due and payable
without notice at the optwn of the holder thereof; and shall perform and comply with each and every stipulatan, agreement and coy-
erwnt of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
in full force. Maker covenants to pay the interest and prrne+pal promptly when due. Mortgagor covenants to pay the taxes and assess-
ments on said property; to carry mwrance against fire on the budding on said land for not less than S ~A ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee arxf to keep the
build+ng on said land in proper repair.
. This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wth advances are obligatory or
to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 years from the date hereof, Io the same extent as
if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
~ time the maximum principal amount of $ n~a _ plus interest, and any disbursements made for the payment
of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements_ Arty such future advances, whether
obligatory or to be made at the nptwn 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 Morgage. This Mortgage a given for the specific purpose of secunng any and all indebtedness by the
A ~ Maker to Mortgagee (but rn no event shalt the secured indebtedness exceed at arty time the maximum prvncipal amount set forth n this
_r,, i paragraph) in whatever manner this indebtedness may ire evidenced or represented, until this Mortgage is sat+stied of record. All cove-
- ~ Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
a ~ future advance clause.
f ~ ~ Should any of the above covenants be broken then the Note and ail moneys secured hereby shall, without demand, d the
Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
~ ~ reasonable atto+ne s' fees, includin costs, expenses and reasonable attorne s fees on a y eg proceedings or
r-t ! Y 9 y ' ppeal, it collected b I at
r"l i through an attorney at law, shall be paid by the Maker, and the same are hereby secured, j
v: ct1
-rl, tJ !
~ ~ IN WITNESS WHEREOF, the Mortgagor has exeeured this Mortgage as of the date first above set forth.
H ~
! Signed, seated a delivered
m our present .
~~1
rt r
AA ~ ga •
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ISEAL?
(Mortgagor 1
STATE OF F10Tid8 )
COUNTY OF St. Lucie CO. ~ ;
r
1 HEREBY 1"•
pn this day, before me, an off,cer duly authorized in the State aforesaid aril in the County aforesaid
to take ackn Lf•- ''ll
t~i •,'pK~oA6 appeared T ra dine2L~Ioore rsainee to me known to ne the person described
i ~ - ment and acknowled
and whr~~ ~r"' ~h$ T'f!? t~tiy ged before me that they . _ executed the same..
WITN~ ri?~lrart~a o~~~t lm the County and State last a r id this 5th day of Sept. ,
A.O., f9 . ~a f.
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f - t K- iwV Notary ublic
~ ~ T~Qy PUSUC STATF
r7f. MyC missgn~
iprRS: CF FLORIDA AT tAt~
- _ MY C01vr,f55tO:~ cAl'i?iS CiC i7 19d3
4-6014-000-7 Rev. 8/72 liR~~p s c~ ~~L TN2U Gc;+rit,L~ fr~S U:.D.icv.i~lt:~...,.;,...,.
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