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Home My WebLink About0542 DIRECT j10ME IMPROVEMENT % ` MORTGAGE wITN FUTURE ADVANCE C(~A~p THIS MORTGAGE. made this ~ 17th _ day of S~~:.-V___.W^`j_,_7_v__-_ . A.O., 19 , tretween' _.St1'1 Elmer Tlla S it ~ Jra Snd Sandra,~~--~~th,_~11g-yifg_-«------------ IMortgagorl and Sun Bank of St. Lucie County IMortgagee?: (Name o1 Sun Bankl WITNESSETH, that Mortgagor, for and rn consrderatron of the premises anti rn order to secwe the payment of the principal aril rnterest on the note fors herernaRer delrnedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, ds successorsand assrgns forever, the following described real property m $t• Lucie _ Crsunty, Fbrrda, to wet: South ~ of Lot 11, Block 1, WHITE CITY ESTATES, . as per plat thereof, as recorded in Plat Book 9, page 48 of the public records of St. Lucie County, Florida. THIS IS A SECOND MORTGAGE ~ ~ 3 1960 SEP 23 a~ 11~ 03 • ~ , FILED flit F.I:or:.:t ST.LUCiEE CCUNIY.I t A ~ ROGER POITRA5 D•5 In psy~t Of Tmas ` ' ~ti CLERKCIRCUIT C4L'RT Received 4 n \E:RIr'4~tf._-. ~ - Due On Class "C" IntenpklePenonsloropMq/. ? ! G ~ ~ R`C"~' pursuant To Chapter 71.134. ACte Or ! t. c.~ , ' 5498 ROGER POITRAS Cla.! Circuh Court, St. Luck. Co.. Fir. i ~ 7,?~j 'm--fir t I _ti,i; , I1 (herernatter reierred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the true to the Mortgaged Property + - • ~r~_ ' ' + and wnl defend the same against the ta~aul claims of all persons wtxrmscever. ~ ' Elmer W. Smith Jr. and Sandra C. Smith ~ PROVIDED ALWAYS, that rf ~ the Makerls) of that - jlnsert Namels?) ~E their gggee _ _ r, certain promissory note dated the date hereof (the Notel, hems, legal representatives or assrgns shall pay to Mort '.f I 5 025 70 ? r the principal sum of S ~ • as evidenced by the Note, with rnterest and upon the terms as provrd:d therein, the final ? ~ ~ rrtatunty date of the Note and of this Mortgage beusg _],~.t~- 19 , which Note provides that -''1 - all installments of prrnupal and rnterest are payable at the office bt Mortgagee, or at wch other place as the holder may designate in r ~ i wnUng, and that each maker aril endorser agree to pay all costs of collection, including a reasonable attorney's lee, upon default m the U1 payment of the Note, artd that default be made rn the payment of any installment thereunder aril that rf such default rs not made ' good m accordance with the terms of the Note, that the entree principal win and accrurxl, earned interest shall become due and payable ' wrthout notice at the option of the holder thereof, and shall perform aril comply with each and every strputatron, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage aril the estate hereby created shaft be void, otherwrse the same shall remain m full torte. hlaker covenants to pay the rnterest .and pnnupal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property: to carry insurance against free on the building on said larxt for not less than S n~a ,approved _ by the Mortgagee, with standard mrxtyage toss clause payable to Mortgagee, the f)Olrcy to t?e held by tfie Mortgagee and to keep the _ II bu+ldrng on sand land rn proper repair. i I Thrs Mortgage shad secure rwt only existing rrrdebtedness, but also wch futwe advances, whether wch advances are obirgatory or , to be made at the cpt+on of Mortgagee, or otherwrse, as are made w+thrn twenty 1201 years from the date hereof, to the same extent as rt wch future advances were made on the date of the execution of th+s Mortgage, t,ut wch secured rndrbterlness shaft not exceed at any V time the maximum pr.ncrpal amount o) S n/a plus +nterest, and any cLsbursements made for the payment . I _ ~ of taxes, :eyes, or rnswarce, on the Mortgaged Property, with rnterest on wch drshwsements. Any wch future advances, whether i oblgatory or to be made at the option of the Mortgagee, or otherwrse, may be made either poor to or after the due date of the Note or U any other notes secured by this Mortgage. Thrs Mortgage rs given (or the spec+t,c purpose of securing any and all rndebtetlness by the - O ~ Maker to Mortgagee Itwt rn no event shall the secured rndebtecfness exceed at any tune the maximum pr mupal amount set forth rn this paragraph) rn whatever manner this indebtedness may be evidenced or represented, until this Mortgage rs satisfied of record- All cove- +j Hants and agreements conta+nrd rn this Mortgage shalt be appl+cable.to all further advances made by Mortgagee to Maker under this N turure advance clause. . O _ t+ ry.r ' ~ O ' r$hould any o} the atiovo covenants tee brokHn then the Note and all moneys secured hereby shall, wrthout demand, d the x : Atortyagee, SO elect, at once b?come due anct payable anct this mortgage may be foreclosed, arxf all costs and expenses of coliechon and 7+ it reasonable attorneys' fees, including costs, expenses aril reasonable attorneys fees on appeal, a colrected by Ieyai proceerbngs or - ~ through an attorney at law, iha11 be paid by the Maker, arxl the same are hereby secured. U ~ ~ a IN WITNESS WHEREOF, the MnrtgayOr has '•xacutecf this Mortgage as of the date hest ahnvs• set forth. to I $+gned, sealed and detrverrrl . ? +n presence ~~~e iAinrtgagor STATE OF Florida 1 r COUNTY OF St• TR41~e I HEREBY CERT~ ~~N4 day, before me, an u`.f~cer duty aurhpn~e(f +n thrr Sratc• aforesadl and m the County aforesaid S~~w rim to take a,knowied~e •pe.;blfaWr ~ y gd ~~lner W ~ Sandra Smithy J~,to me knc~m to be the person descrrbecl ~i rn and who execrtl ' ~fOrC901r>•Nls~ly ~ and fh~_ acknpwicclgecf tretorP me that .__th_~- executed the same. - !f• . tJ.Q__ % 17th Sept. WtTr1j~$S ri+Y angrpt~ '°'?'°I ~i ~ounry end $tat. past ai p+dt~his _ clay of A o.. 19 t3O ,cam ~/":4•.'~ @>;_ _ ~LCC.IL~ _ j'.',~ ~~~c.•'6~=~ Notary tiles - y,~ ~,QN. ~u`.~ a~+ My Co mrssro~s~EiC. STATE OF iICNIIDA Al LAS ~ MY CO.`r1M?SSION EItPIRFS DEC 19 1983 OR BOND"cG iMRU GEt~tic,;l Ih5 UNDEdWRITf,~.__.....:,.., a-solo-ooo.~ Rev. am ~ 80QRt e~ PAGE e~ 2