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Home My WebLink About0260 DIRECT WOME IMPROVEMENT MORTGAGE ~a'~~ ~ WITH FUTURE ADVANCE :w.~~ ,I I ' hi ~ c THIS MORTGAGE, made this 26th day ai September A.O., 19 .between' Ma H. Hoskins and Jonas Tho and Joann Thor his wife as _ 3 2 5 3 j p' a (Mortgagor) and Joint Tenna~t~ ~ o ~Y,v~i~s ~.l~t'.€ 1Mort ' Ct ;i INameof Sun Bankl s ~ _ , -i~ WITNESSETN, that Mortgagor, for and m consderatron of the premises and in order to secure the payment of the pnncipal and interest on the note las heranatter delinedl, Mortgagor hereby grants, auigns transfers and mortgages to Mortgagee, its successorsard .i ~ ~ ;;n ~ ~j assigns lorever, the following described real property in _ St. LuC~,g County, Fbrda, to wet: t 'r 1 ! Lots 13, 14, and 15, Block 10, PARADISE PARK, according to the Plat thereof, as recorded in Plat Book 8, Page 17, ' •-;~.1 ( of the Public Records of St. Lucie County, Florida. . • ~ err ~ 1; Lot 13 -THIS IS A FIRST MORTGAGE. I J~ - , - i~• Lots 14 and 15 - THiS IS A SRCOND MnRTGA(:F. - ,1 - _ . .I~~ t t m PaV~ttlnt Of 7exee S I. t GCiC ~ F~CCNhfU Received 4 RQGCR P~ TR. 5 ~ Due On Clsss "C" ItllOltlgfble PdfdiOfi81 piroperty. art CLERK CIRCLtIT C!WgT;~ ~ PTO Ch~Or 71.134. Acts ~f is~11. '9 T~ e~.r+lal~oo~r~, se t~ a~. 5U204~ (ftereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby Cully warrant the tale to the Mortgaged Property and Wirt defend the same against the lawful claims nl all persons whomsoever, PROVIDED ALWAYS, that if I~a~y H_ Hosk~ ns and Jonas & Joann Thorve ,the Makerlsl of that Ilnsert Namelsll certain promissory note dated the date hereof (the Hotel. tbe~ heirs, regal representatives or assigns shall pay to Mortgagee the pnnupat sum of $ 3, 779.81 as evidenced by the Note, with interest and upon the terms as prov,ded therein, the (treat maturity date of the Note and of this Mortgage being September 26 t9 86 ,which Note provides that all mstallmertts of pnnupat and interest are payable at the office of Mortgagee, or at wch other plxe as the holder may designate in writing, and that each maker and endorser agree to pay all costs of collection, includirsg a reasonable attorney's tee, upon default in the payment of the Note, and that if default be made rn the trayment of any installment thereunder and that it wch default K not made good in accordance w,th the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable without notice at the option of the holder thereof; and shat) perform end comply with each and every stipulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shalt be void, otherwise the same shall remain m full tome. Maker covenants to pay the interest and pnnupat promptly when due. Mortgagor tovenants to pay the taxes and assess- ments on card property; to carry insurance against f,re on the building on said tartef for not less than S .nja _ ,approved by the Mortgagee, with standard mortgage toss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building On said land in prepw repair. This Mortgage shall secure not only existing indebtedness, but aliq wch future advances, v+heths:r such advances are oblgatory or to be made at the option of Mortgagee, or otherwise, as are made within t:vr-rtty 1?Ol years lrom the date hereof, to the same extent as if wch future advances were made on the date of the execution of this Mort y i.+ gage, but such secured indebtedness shall not exceed at an 5 ~ ume the maximum pnnupat amount of $ . nja plus interest, and any disbursements made for the payment of taxes, levies, or inwrance, on the Mortgaged Property, wnh interest on wch disbursements. Any such future advances, whether _ oblgatory or to be made at the option of the Mortgagee, or otherwse, may be made ether prior to or after the due date of the Note or W any other notes secured by this Mortgage. This Mortgage is given for the spetdie purpose of secunng any antd ail indebtedness by the ' ~ Maker to Mortgagee abut in no event shall the cured indebtedness exceed at any time the maximum principal amount set forth in this paragraph) m whatever manner this irtrtebteriness may ne evidenced or represented, until this Mortyage is satisfied of recrxd. All cove- . Hants and agreements contained m this Mortgage shall be appl,cabte .o alt further advances made by Mortgagee to Maker under this r future advance clause. Should any of the above covenants rte broken then the Note and alt moneys secured hereby shaC, without demand, d the Mortgagee, so erect, at once become due arxt payable and this mortgage may tie foreclosed, and all costs and expenses of collection and _ ~ reasonable attorneys' fees, ,nctudmg costs, expenses and reasonable attorneys' fees on appeal, ii collected by legal proceedings or ~ through an attorney at law, shalt be paid by thr_ Maker, and the same are hereby setUrCd. - ~ ~ IN WITNESS WHEREOF, the Mortgagor has executer( this Mortyaye as of the date first above set forth. - ~ t~ Siynetd, seated deiiverCtl .n our pre• e ~ . ~z~ ' • - (SEAL) IRlortgayor) - ISEAU ~yy~ IMorsgagor) STATE OF FLORIDA ? ~'r ~ ~ SEAL) I (Mortgagor coutvTY OF ST. LUCIE 1 HEREBY CERTIFY, tha! on this day, before me, an off,cer duty authorrred in the State aforesad and m the County aforesad tc take acknowt?dgmertts, personaU a Mary Hoskins and Jonas and : v 17ttp~fi~ _ to me known to be the parson described f .n and who executed the foregoinG31~(~e~s!"~xatttl 1 the;( acknowledged t>Pfore me that -they executed the same. WITNESS my harxd and t)ffi~,alf~ Y~nd State last aforesaid this ?C,th day of $entetutser a -;l Nota.y Pubhc P~ ' ' ;1 1_ ; _1,,•! +~~r i. My Comnnssron Expug~~ (K~if: STATE of • _ RrOL10Y1 AT t11~ Aa OOAAMISSION EIVI~ MAY. iZ Mti! ~ 4-6014-000.7 Rev. 8/77 ' ~ ~ P~ 11W Gflsll~ INS. IA4ifA1A1RiT)o~.~. h -