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Home My WebLink About0742 DIRECT HOME IMPROVEMENT MORTGAGE Soz3~S WITH FUTURE ADVANCE THIS MORTGAGE, made tnrs 1St day of OCtOber _ q,p., fg 80 ,between Robert W. Harrison or Cecelia G. Harrison, his wife IMortgagor? and Sun Bank of St. Lucie County, Ft. Pierce, FL - ~ IMortgageel: (Name of Sun Bankl WITNESSETH, that Mortgagor, for and rn consrderatron of the premises and rn order to secure the payment of the prrncrpal aril rnterest on the note las herernalter clef rnedl, Mortgagor hereby grants, assrgns transfers and mortgages to h'lortgagee, its successors and assrgns forever, the following described real property rn St. Lucie County, fbrrda, to wit: The East 552.50 feet of the South 250.50 feet of the North 606.09 feet of the Northeast quarter of the Southeast quarter Section 16, Township 36, Range 40 East, less and excepting the East 23 feet for road right of way. i ~ it cYl~K. ~ ~ ~ i This is a Second Mortgage I9EO UST -7 1~3 2S f f; CQ ~ ~1• f; CUrthf V Si.IUCIE CGUNIY.F[A. pl PA'P'EtR Of TAXES RQGER PQTTRAS R!'CE[YED s C G'JE C'1 CL'- :'C' 1 :T.".:ii~:3LE PiS: =.t=.l F^0?EdTY. CLERK ClRCL'tT CI:GIti PU~:S~'Jli TJ ili;wi:° 71-':4, F:IT OF 19)1. i•.":3~~t'fFl~'~.^._. _ f:.:~£2 P::IT..A3 C~ CLERK Cl.t~UiT GGU]iT, ST. LU:.IE CO, FL~~' SO231S Iherernafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and wrrl defend the same against the lawful clarrns of all persons whomsoever. 2 PROVIDED ALWAYS, that rf Robert W. and Cecilia G. Harrison . ,the Makerlsl of that [Insert Namelsll certain promissory rwte dated the date hereof (the Hotel, their hens, legal representatives or assrgns shall pay to Mortgagee the principal win of $ 3, 555.51 as evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being October 1 , Tg 80 ,which Note provides that all installments of principal and interest are payable at the office 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, incltrdrng a reasonable attorney's fee, upon default in the payment of the Note, and that rf default be made rn the payment of any installment thereunder and that if wch default is not made good in accordance with 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 shall perform and 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 shall be void, otherwise the same shall remain rn full force. Maker covenants to pay the rnterest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry insurance against fire on the building on card laird for not less than S Il/a ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land in proper repair. I ` Thrs Mortgage shall secure not only existing ir?debtedrrezs, but also wch future advances, whether wch advances are oblgatory or ~ to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 Years from the date hereof, to the same extent as f rf wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any f > y p _ time the maxrmum prinapat amount of $ n/d plus rnterest, and any disbursements made for the payment i _ U! of taxes, levies, or inwrance, on the Mortgaged Property, with rnterest on wch disbursements. Any wch future advarxes, whether - U ; oblgatory 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 any other notes secured by this Mortgage. Thrs Mortgage rs 9rven for the specific purpose of securing any and all rrxiebtedness by the J, Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maxrmum pnnupal amount set forth in this `'a' paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage rs satisfied of record. All cove- Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this = future advance clause. ~ - C ~ Slioutd any of the above covenants be broken .then the Note and all moneys secured hereby shall, without demand, d the ' ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of coltection and x~ reasonable attorneys' fees, including costs, expenses and reasonable attorneys' foes on appeal, d collected by legal proceedrngs or R]' through an attorney at law, shall be paid by the Maker, and the same are hereby secured. L ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date fast above set forth. ~ 7 gin. - Sgned, sealed and delivered . r :n our pre e: ~ ISEACI ~IMort r) "z _ S ortgagor) } 1 STATE OF FLORIDA 1 d 1 COUNTY OF St. Lucie ) ' I HEREBY CERTIFY, that on tars day, before me, an officer duly authorrred in the State aforesad and rn the County aforesaid to take acknowledgments, pgrs+Difi~'y""ad~;earedRobert W. & Cecelia G. Harri~o~le known to ae the person described rn and who executed the f~o~~rrf9-rnsVtlrt~bgt irrd they acknowledged before me that they executed the same. WITNESS my hand and otf~ial seal in the County and Slate last for card tha 1St y of OCtOber r A.D., 19 80 f Notary Pubht r• My CommissrOn Exprres!'rt)IARt' ~U~11C NAIL ~ , M1~OMMf$SION~/f~AAAY.IX~~ 4-6014-000-7 Rev. 8/77 a~~ p~ b' ;rvcU tH,TU GfPt:R/1l 11YS UK,ERIWt?i~ r _ 9_' 9. ~ Sri. - t•