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Home My WebLink About1532 - - oIRECT HOME IMPROVEMENT MORTGAGE ~~~~375~ WITH FUTURE ADVANCE 501041 THIS MORTGAGE, made th,s 2~t11 day of _ S~j1~D~~Y' A.D., 19~.Q-- ,between' Lester Lee Spainhoward or VTV~an S,gainhowa~~bis Ililiff~ (Mortgagor) arts _ Sun Bank of St. Lucie County, Ft. Pierce (Mortgagee); (Name of Sun Bankl WITNESSETH, that Mortgagor, for and to constderatton of the premises and in Order to secure the payment of the pr,nc,pal and rnterest on the note fors here,nafter detinedl, Mortgagor hereby grants, ass,gns transfers and mortgages to Mortgagee, ttswccessorsand ass?gns forever, the lollowrng riescrrbtd real property rn SL. I.1iC3o County, Fbrrda, to wit: Lot 12, Block 3, SOUTHERN VIEW SUBbIVISION, as per Plat thereof on file in Plat Book 9, at Page 45, of the public records of St. Lucie _ County, Florida i- i c ~ F " - F (iC?~_UMENiAR~" iZ.~.Mi'r~ r. . THIS IS A SECOND MORTGAGE. tri ~r.-~~-N_v~,~~;f-- , RECEIVED : S • Sb 111 PAYMENT OF TAIIE'N +9$~ SEP ZG Ki'i ~ G DUE OM CIASi 'C UITAN6:ELE Pit;50K :l PF:O?EkTYr FILED RhG FEGOni:EO c~~ FUaSJRHT TO CHAPTER 71.1'-4, ACTS Of 1!!1. ST.LUCIECCUNTY.fIA. ~ ROGER POIit.AS - ROGER F'OITRAS CLEIUI tlACUR COYItT. ST. LI{~E CO. F1A. $ CLERK CIRCUIT COuR~! 501041 (herernalter referred to as the Mortgaged Property): a+xt the Mortgagor does hereby fully warrant the title to the Mortgaged Property and w,rl defend the same against the lawful claims of alt persons whomsoever. PROVIDED ALWAYS, that +f -,the Makerls) of that (Insert Namels l ~ f certain promissory note dated the date hereof (the Notel,-#.b@1~-- hers, legal representat+ves or ass+gns shall pay to Mortgagee the pryncipal sum of S ~.,~a 21 as ev,dertced by the Note, wrth ,merest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being September 25 , Fg ZQ_ , which Note provdes that all installments of principal and interest are payable at the of (ice of Mortgagee, or at wch other place as the holder may designate in writing, and that each maker and endorser agree to pay all costs of collection, irtchrding a reasonable attorney's fee, upon default in the payment of the Note, and that ii default be made in the payment of any installment thereunder and that if wch default is not made good in attordance wrth the terms of the Note, that the enure prutc,pat win and accrued, earned rnterest shall becomedue and payable without not,ce at the option of the holder thereof; and shall perform and comply with each and every st,pulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain in full torte. Maker covenants to pay the ,merest and prrncrpal promptly when due- Mortgagor covenants to pay the taxes and,assess- rttents on sad property; to carry insurance aga~ns! Erne on the burktrng on said land for not less than S II~a- ,approved by the Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the policy to be hekf by the Mortgagee and to keep the burldirtg on said land in proper repair- This Mortgage shall secure not only exstmg irtctebtedness, but also wch future atvances, whether such advances are obligatory or ~ to be made at the option of Mortgagee, or otherwise, az are made wrthm twenty 1201 years from the date hereof, to.the same extent as 0 if wch fu_ lure advances were made on the date of the,,e~xecutron of this Mortgage, but such secured indebtedness shall not exceed at any V; time the maximum principal amount of S __4 +¦i a plus ,merest, and any disbursements made for the payment N of taxes, levees, or insurance, on the Mortgaged Property, wrth ,merest on wch disbursements. Any wch future advances, whether ''rl 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 CN a~ any other notes secured by this Mortgage. This Mortgage rs given for the specific purpose of secur,ng any and alt indebtedness by the I Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum pnnapal amount set fonh m this paragraph) in whatever manner the rdebtedness may Fie evidenced or represented, untiLthis Mortgage rs sahshed o! record. A!I cove- ; ~ Hants and agreements conta,ned ,n this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under thn ~ ~ future advance clause. ~ ws - ~J Oi s Z J ~ Should any of the abotie covenants be broken then the Note and all moneys secured hereby shall, without demarxl, d the Mortgagee, so elect, at once become due and payable and this mortgage may be forecjesed, and all costs arxf expenses of collection and _ b~ reasonable attorneys tees, rnCludmg costs, expenses and reasonable attorneys' Fees on appal, if collected by Iwlal proceed,ngs or through an attorney at taw, shall be pad by the Maker, and the same arg hereby secured. • 7 O' IN WITNESS WHEREOF, the Mort r has executed this Mort ~ gago gage as of the date fast atxive set forth. Signed, sealed an ed in our en (SEAL) _ . (Mort r) Lester Lee _ \ G~ D • Spai oward ,?~L,L,~/! a _ ~~~~/li. .Ai~~i~~B1 ISEALI ~ (Mort got) Vivian L. Spainhoward STATE OF FLORIDA 1 COUNTY OF ST. LUCIE i . 1 HEREBY CERTIFY, that on this,lfa~ before me. an off,cer duly authon~ed in the State aforesad artd m the County aforFSad 1 to take acknowledgments, ~iertt,r_ f~r1rif>jFee~Ed Vj~i~n L.= to me known to be the person descnbed Spain oward in and who executed t ~ r v F+G~!j11l~'~+tiftl ltd t}L2s-- acknowledged before me that _-executed the same. r:tt WITNESS my hatffj'j~' \l~! ib the-t;JOUnty and State last aloreiaid s 25th d _ . r' ay of t1 •de~,.- ~i"~.t Notary Pubac s _ My Comm+ss Exp~res_~TARY PUdLtC STATE fJF iLORIDA AT LARCE 1 '~~~•~:ri?'y-{~4` !rf CO;.t~.;:~510?~ E~PIRcS l)EC 19 1983 1 a-6ot4-000-7 Rev. s/77 !'1~ 5 ORc~~ EGhD.L ~r-,Ru GEjviRAl INS WvgEJIW$(TfiS , ;.5. r. ~ BOOK PAGE~e~2