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Home My WebLink About0597 DIRECT HOME IMPROVEMENT MORTGAGE ~ a`'' ~ 4 ~ WITH FUTURE ADVANCE 5n~~~ . THIS MORTGAGE, made this 15th day of OCtOber V A O , 19 80 . between• James W. Copeland and Mary E. Copeland, his wife (Mortgagorl and Swt Bank of St. Lucie County (Mortgageel: - (Name of Sun Bank) WITNESSET/f, that Mongagor, for and in consrderatwn of the premises and in order 1o secure the payment of the prrrtcrpal and interest on the note las hereinafter detinedl, Mortgagor hereby grs a ns Vanslers and mortgages to Mortgagee, its wccessors and assigns forever, the following described real property in County, Fbrida, to wit: Lot 9, Block 89, Indian River Estates, Unit Nine, according to the Plat thereof as recorded in Plat Book l0, Page 74 of the Public Records of St. Lucie County, Florida. I~~ `~5 R~f£tl'FO S aEa, OS 111 PJ11" rE'R QF T.'lXfS R - CL'_ CI CL'.;,i 'G' E F.;.S: , .l F.:r1: EdT1f. I~.0 l'~T 21 Rt, PL':.~;;:,:fi TO l.ii.: f:`: )1-`_q• l.:TS GF 1971. v tt :,~~_a PC~If:.AT ?ItEC tfiC pcC~1 I Cl:&K q:.t:UrT COURT. ST. LU:aE CO. FWT SI.IUi,(E CCtIIVtYF}``I~l, f _ ROGER F'OItRAS 1 CLERK CIRCU/1 ~ a ^rA r•r~..-.. _ti^r CC~~ : - W~~ _ - ; ~.1' ~ - ' - - - ~11 (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property - ~ and will defend the same against the lawful clarets of all persons whomsoever. ~,,•=t-~ Itli i D i PROVIDED ALWAYS, that if James W. Copeland ~ Mary E. 'Copeland, hls wifQhe Makeris) of that 1 - T + ilnse.t Namelsil i Y' certain promissory .+ofe dated the date hereof (the Note1, their hers, legal representatives or assigns shall pay to Mortgagee _ 13 040.79 - j ~ the principal wet of S ~ as evidenced by the Note, with interest and upon the terms as provided therein, the final r' maturity date of the Note and of this Mortgage being UCt. 14, ~ , 19 90 ,which Note provides that ~ all installments of prinapal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in _ I ' ~ ~ ~ writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the payment of the Note, and that rf default be made in the payment of any installment thereunder and that ri wch default K not made r ~ ~ ~ good in accordance with the terms of,the Note, that the entire principal wet and accrued, earned interest shall become due and payable -r• without notice at the option of the holder thereof; and shat! perform and comply with each aril every stipulation, agreement and cov- ~ Y ` erwnt of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be word, otherwise-the same shall remain ' in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants topay the taxes and assess- € - ~ w. n a menu on said property; to carry insurance against fire orr the building on said land for not less than S _ ,approved t 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 i ~ ' Thrs Mortgage shall secure not only existing indebtedness, but also wch future advances, whether"wch advancesare obligatory or ~ to be made at the option of Mortgagee, or otherwrse,"as are made within twenty (201 years from the date hereof, to the same extent as r~ rt wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not-exceed at any s U i time the maximum principal amount of S n/a - plus interest, and any disbursements made for the payment ` ~ ~ ~ of taxes, levies, or inwrance, on the Mortgaged Property, svnh interest on wch disbursements. Any wch tutur0 advances, whether !f i~ i 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 r C ~ i - any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the _ -a I Maker to Mortgagee (but rn n0 event shall the Secured indebtedness exceed at any tone the maximum principal amount set forth in this I paragraph) in whatever manner this indebtedness may he evidenced or represented, until this Mortgage is satisfied of record. All cove- ~ ~ pants and agreemen[s contained m this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this t ~ future advance clause. r ` Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, ii the 2 ~ ~ ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and v i ~ ~ reasonable attorneys fees, including costs, expenses and reasonable attorneys' fees on appeal, rf collected by legal proceedings or 1 --+'pq ~ through an attorney at law, shall be paid by the Maker, and the same arc hereby secured. i r-+ z ~ ~ ~ - IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. Sgned, led and delivered - rn se ~ - • ISEAI_) ~ - J s W. gt r) . ISEAL) ~ Mary E. Copel~ '~°rl ~ S ATE O F10Tlda 1 r ~ St. Lucie 1 COUNTY OF 1 1 HEREBY CERTIFY, that on this day, before me, an officer duly authorized rn the State aforesaid and rn the County aforesad ' ~T ~ i to take acknowledgments, personally apQeared.z~~ w- ~-•~r~land to me known to be the person described ~.urur+rrr rn and who executed the tW~Qrrlgrns~IWnent and th~ - acknowledged before me that they executed the same. ~ - WITNESS my ha,Ad-;WpH1Ctl/~Mtiyt}1s County and State las f said this 15th day of ~tObeT 1 P~ev[ 'eo' ~ = NYtar ubbc . ~Gt , • t,r, ~ M COnlIJlitR1' ~1iW{Q~STAiE lir i19k1JA AT LARGO ti _ = ~p~i l-~ . - rr:r Cc~,•,.hISSIOV Enrtrtn tr=,lt 21 19-114 "S ~ EGt.v:D ~Li?UJ G_u,Sc~rV. 1N5. uL4Df$~'rRlfEttS 2 4$014-000.7 Rev. 8/77 r.•. v,.-., A - - _ _ t CV-