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HomeMy WebLinkAbout0608 DIRECT HOME IMPROVEMENT MQRTGAGE ! a 3 WITH FUTURE ADVANCE 4 Q ~ { ~7~ ~ THIS MORTGAGE. made this 5th day of September , A.O., 1980 ,between Arty I. Harmon (Mortgagor) and Sun Bank of St. Lucie County _ (Mortgagee?: INameol Sun Bank) WITNESSETH, that Mortgagor, for and in consderatwn of the premises and in order to secure the payment of the principal and interest on the rate las hereinafter del?nedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and au~gns forever, the following described real property in St. Lucie County, Fbrida, to wit: Lot 36, Block 47 of RIVER PARK SUBDIVISION, Section 5, a Subdivision according to the Plat thereof, recorded in Plat Book 11, Page 31, - of the Public Records of St. Lucie County, Florida. ~ This is a Second Mortgage. - a~' X80 SEP -9 ~ ~ 39 2 Rff~etred ? 3 ~'3 ~ In Ptllyment or Tala~ . f ttEO A ~ECOaDFE 0 Due On Clsts "C' IMsnOibts Peraonsl oropwtr • - St.111C1E 4t,Y1Ni Y. E A. • ROGER P01TRAS pursuant To Chtlpw 71. 134, Acts O~ ~g?1, ; CLERK CIRCUIT COIIR ROGER POITRAS Q~° - R(1 YEcIF If t . _ ~ :.InrS Circuh Coup. St. Lucie. CO., flr. - - acca 4~Ng820 - _ (hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and witl defend the same against the lawful claims of all persons wftomsoever. _ PROVIDED ALWAYS, that if ~tY I. Harmon ,the Makerls) of that [Insert NamelsN certain promissory note dated the date hereof (the Notel, her hers, legal representatives or assgns shall pay to Mortgagee f - the principal wm of S 17 ,183.67 ~ by the Note, with interest and upon the terms as provided therein, the final r maturity date of the Note and of this Mortgage beirtg September 5 , 19 85 ,which Note provides that - atl installments of principal and interest are payable at the office of Mortgagee, or at such other place as the holder may designate in writing, and that eatdt 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 in the payment of any installment thereurxder and that if wch default is not made ~ good in accordance with the terms of the Note, that the entire principal wm and acerued, earned interest shall become due and payable without notice at the option of the holder thereof; and shall perform and comply wrth each and every stipulation, agreement and rnv- - errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwwse tfte same shall remain in full forte. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- mEnts on said property; to carry inwrance against fire on the building on said land for not less than S -~1Ia ,approved by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the buikting on said land in proper repair. . This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or ~ to be made at the option of Mortgagee, or otherwise, as are made within twent? 120) years from the date hereof, to the same extent as [ if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any y a m i O time the maximum principal amount of s n/d plus interest, and any disbursements made for the payment U) of taxes, levies, or inwrance, on the Mortgaged Property, with interest on such disbursements. Any such future advances, whether [ Y N I obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or !I G UI' any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the y a t Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this i paragraph) in whatever manner this indebtedness ny~y be evidenced or represented, until this Mortgage is satisfied of record_ Ali Cove- ii pants and •agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this Q ' L't ~ future advance clause. 5 ~ USA z 4'! Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the O ~ ~ Mortgagee, So elect, at once become due and payable and this mortgage may be torectosed, and all costs and expenses of collection and reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appal, if collected by legal proceedings or J' i ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. .t z pq - ` ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date test above set forth. " I. 5 to Signed, sealed and delivered in r sencr _ ' ISEALI ortgagor r y iirm011 ~ eaa.~ y4 - ISEALI (Mortgagor ? • , STATE OF FLORIDA 1 1 COUNTY OF S.,Z.'~i3~11~(:~.. 1 i HEREBY C~trrrTµ.•~il(~t•on this day, before me, an officer duly authorised in the State aforesad and ~n the County aforesad s Art I. Harmon to take acknov:lEll~dg~ents; p:~;n;p~ appeared Y _ to me known to be the person described In and who a ~ ent and she acknowled executed the same. ~ ut~~tT ged before me that She WITN my l?aMdalid~~ial feAt~in the County and State la foresail this 5th day of September , ~ s ~ ~ - [lac i ) C V N r Pubbt ,rrv,~•- , ~Y~~ ComnRIQIdIR~>P~~ STATE OF FLORIDA AT LAIW7: ! ~-t Y'' MY COMMISSION EXPIRES OK 19 1983 a 6014.000.7 Rev. 8/7~ = ~ a (1 ~ P.r[ ~ bONDfD iHRU GENERAL INS UNDERWRITERS r.«~.... r,...