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Home My WebLink About0540 DIRECT HOME IMPROVEMENT MORTGAGE s~o~~ WITH FUTURE ADVANCE JO~M~RT V C~!{ made tQs An o9ne a .~/etter, ~pt • e - . A.D., 19 80 . t~etween' et er an _ IMor tgaga 1 and Stn BaTlk Of St. Lucle Canty - 1Mortgageel: • (Name of Sun Bank) WITNESSETH, that•Mortgagor, for and rn consrderatron of the prerrtrses and rn order to secure- the payment of the prrncrpal and interest on the note las herernalter delrnedl, Matga~or hereby grants, assrgns transfers and mortgages to Mortgagee, its successors and assrgns forever, the following described real property rn St. Lucle County, Fbrrda, to wit: Lot 25, Block 99, South Port St. Lucie, ifiit S, according to the Plat thereof as recorded in Plat Book 1.4, Pages 12 and 12A thru 12G, inclusive, of the Public Records of St. Lucie Canty, Florida. ~I 5 - 1 ~i ~ • 1980 ~I:P 23 A!I il~ 02 Fll.Ee ~Ir,c 4Cco:~;u o S ROGER P01?RAS~• Q CLERK CIRCUIT Ca T Reoelved ! 7 In Peyms~t O/ Tua~ " ~ ~1 Oue On Class ••C' InbrgiWs Personal °rape•t1? pursuant To Gwptar 71, 134, Acts O~ •p~~. _ ,4' _ ROGER POITRiAS . - , SU0496 cl?c„It cowl. st. wa.. co., w.. _ . . ; ?tr ' . Iherernatter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the true to the Mortgaged Property rs and wrrl defend the same agaest the lawful claims nl all persons whomsoever. f~~g, • I PROVIDED ALWAYS, that John E. Vetter and Antoinette M. Vetter, his wile 1~lakerls) of that jlnsert Namefsl? certain promissory note dated the date hereof (the Notel, t}lelr~rrs, legal representatives or assrgns shall pay to Mortgagee ~ the pnnapal sum of S 1,043.24 ~ evedenced by the Note, with interest and upon the terms as prgvdect therein, the boat ~ t maturity date of the Note and of this Mortgage being Sept ~ 19 , 19 90 , which Note provides that a gages, or at wch other place as the holder may desrgrwte in rn ~ all installments of pnnapal and interest are payable at the office of Mort wr~trng, and that each maker and endorser agree to pay all casts of coliecuon, rncludrng a reasonable attorney's tee, upon default rn the _ ~ • payment of the Note, and that it~d_elault fie made m the payment of any mstaltment thereunder and that d wch defaulr is not made good iii accordance with the terms of the Note, that tfre entree principal win and accrued, earned interest shall become due and payable writiout notice at the optwn 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 thes Mortgage and the estate hereby created shalt be word, otherwise the same shall remain ` in full force. Maker covenants to pay the utterest and pnnapal prompNy when due. Mortgagor covenants to pay the taxes and assess- merits on sail property: to carry insurance against tyre on the buelding on said land for not less than $ n a ,approved by the Mortgagee, with standard mtxtgage loss clause payable to Mortgagee, the pbfrcy to be held by the Mortgagee and to keep the buildeng,on card lard in proper repaer. T Thrs Mortgage shall secure not only exrsring endebtedriess, but also wch future advances, whether such advances are oblgatory or I to be made at the option of Mortgagee, or otherwese, as are made withen twenty 1201 years from the date hereof, to the same extent as rf wch future advances were made on the date of the execution of ihrs Mortgage, but wch secured mdebttrlrtess shall not exceed at any ~ fJ I time the maxemum pnnapal amount of $ _ n/a plus interest, and any desbursements made for the payment _ ~ of taxes, levees, or insurance, on the Mortgaged Property. wrih interest on wch disbursements. Any wch future advances, whether tJ ~ oblgatory or to be made at the opUOn of the Mortgagee, or otherwise, may be made either prior to or alter the due date of the Note or ~ ' any other notes secured by then Mortgage. THes Mortgage is geven for the specrfrc purpose of securing any and alt irdebteriness by the I Maker to Mortgagee (but in no event shall the secured rrdebtedness exceed at any trine the maxemum principal amount set forth in thK ; ~ ( paragraph) rn whatever manner this indebtedness may be evidt=need or represented, until this Mortgage es satisfied of record. All cove- r ~ ; V; ~ Hants and agreements contaened in ihes Mortgage shall be appticable to all further advances made by Mortgagee to Maker under this t future arlvanee clause. r 0 <'C ShoWd any of the above covenants ere broken then the Nnte and al! moneys secured hereby shall, without demand, d the l tit Mortgagee, so elect, at once become due arxt payable arxf rhea mortgage may be foreclosed, and all costs and expenses of r_ollecteon and ~ I reasonable attorneys' fees, encluding cost;, expenses and reasonable attorneys' fees on appeal, et collected by legal proceedings or i through an attorney at law, shall be paid by the Maker, aril the sameare hereby secured. ~I ~ ! IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date hest above set forth. - I _ 'r~ Segned, sea" and dei~vered in o p rice _ ~ ~ AIJ` - -v// C~ ISEAL? J E. ett~rtartgogOr) - tOlllette i~:No(t<~rf~r STATE OF Florlda 1 ~ , 1 COUNTY OF St. i { r.•' . - 1 HERE~~~ b y, before me, an officer duly authorrrerl in' the State aforesaid and m the County aforesaid ~ A S ro take a ~I men r `'~redJOhn E. and Antoinette M. VetbYtlt.•'knowrt to be the per son described ~n aiid ~ eQ-~ve(rar rd{t~>~nt and wiey acknowledged befo~req that the -executed t same. WI` jti,,.~~,~,~t, ~Fipe rtthe County and State Last of resard rhea ~ 1~ day o , A ti f ~Q~ . ~ i F sir e~ ~ • '~t~ • '~~cyM #?'s~i, Notar ublec - • `"~MrIffNllMS~i~ My Commruion Expires: ' e-so,4.aoaa R.r. em 800 ~ PAGE ~ MMr>n? hlll~ s~4t ~ ~t . f... ?.n.