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DIRECT HOME IMPRO~(EMENT MORTGAGE - ~ 3~ 7 ~ s
WITH FUTURE ADVANCE SA~~~
THIS MORTGAGE, made this 16th day of October , A.D., t9 82. ,between'
George M. Eidsonand Teresa T. Eidson, his wife - !Mortgagor) and
Sun Sank of St: Lucie County, Ft. Pierce, Fla. tMortgagee?:
(Name of Sun Bank)
WITNESSETH, that Mortgagor, for and rn consderatron of the premises and in order to secure the payment of the principal and
imerest on the note (as hereinafter defined!, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its wccessors and
assigns forever, the following described real property rn St. Lucie County, Fbrda, to wrt:
Lot 1, CORSO COURTS SUBDIVISION, as per Plat thereof on file
in Plat Book 12, Page 23, according to the Public Records of
St. Lucie County, Florida.
- THIS IS A SECOND MORTGAGE.
5 ~ - 1980 OCI 2 I A!~ 8~ 4 2
RECEIV;D s 7.0~ 1!1 PA" ;'::R OF TAXES .
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CL'E C:! tt'CS'C' i\.= ~ ST.LUCIE000NTY.F A.
PIlaSJlJIT TO iH.:~ t ~ 71• i#~IS Qt W7L RpGER P011RA~
i;.~i:.c PSIt::AS r CLERK CIRCIIIT f•nt T
q.ESK gAtUR C08i.T, ST. LUi,lE CO. . _ r _ ~
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i - (hereinafter referred to as the Mortgaged Property!: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
_ and wul defend the same against the lawful claims of all persons whomsoever.
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i j} PROVIDED ALWAYS, that if _ George M. & Teresa T. Eidson ,the Makerlsl of that
[Insert Namelsll
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" certain promissory note dated the date hereof Ithe Notel, their hers, legal representatives or assrgns shall pay to Mortgagee
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- the prmupal sum of S i as evidenced by the Note, wrth interest and upon the terms as provided therein, the final
• c_ - y gage be,ng October 15 19 84 ,which Note provides that
' l' matunt date of the Note and of this Mint
~ ~ _ all insfallments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
1 ! - ` wrrUng, and that each maker and erv[forser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the
j. payment of the Note, and that if default be made in.the payment of any installment thereunder and that if wch default is not made
C~ S L. good in accordance wrth the terms of the Note, that the entire prmupal vim and accrued, earned interest shall become due and payable
~ ^ _ , without notice at the option of the holder thereof: and shall perform and comply wrth each and every stipulation, agreement and cov-
j errant of the Note and of this Mortgage, then tMs Mortgage and the estate hereby created shalt be void, otherwise the same shall remain
~ ' , in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-`-"-
menu on said property; to carry insurance against fire on the building on said land for not less than S n/a ,approved
by the Mortgagee, wrth standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
j building on sad land m proper repair. '
This Mortgage shall secure not only existing indebtedness, but also such fuwre advances, whether wch advances are obligatory or
` to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 Years from the date hereof, to the same extent as
rf wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at ar•.y
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~ ~ time the maximum pnntipal amount of S n~a plus interest, and any disbursements made for the payment
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Uj of taxes, levies, or insurance, on the. Mortgaged Property, with interest om wch disbursements. Any wch future advances, whether
Ni 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
.a ~ any other notes secured by this Mortgage. This Mortgage rs given for the specific purpose of secuung any and all indebtedness by the •
" ~i Maker to hortgagee (but in no event shall the secured irxfebtrdness exceed at any time the maximum principal amount set forth in this
~7~ paragraph) m whatever manner this indebtedness may be evdenced or represented, until this Mortgage iz saasfied of record. All cove-
_ pants and agreements contained in this Mortgage shaft be applicable to all further advances made. by Mortgagee to Maker under this
1.ii future advance clause. S
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wr' Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
..^...111 O Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
a
- ~ ,X reasonable attorneys' tees, including costs, expenses and reasonable attorneys' fees on appeal, ,t collected by legal proceedings or
b through an attorney at law, shalt be paid by the Maker, and the same are hereby secured.
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- ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
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~I Sgned, sealed a delivered
m our press
or tgggaaagg~~~rrr 1
(SEAL)
!Mortgagor) ~
STATE OF gLORIDA 1
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COUNTY OF ST. LUCIE 1
1 HEREBY CERTIFY it this day, before me, an otl,ce. dWy aurhorvzid in the State aforesaid and in the County aforesaid
dHt~~~4~~rr~h
to take acknow?edgrrLpT~s, perlWio~~red Ce01'ge M. ~ Teresa T. EldSOf~ me known to be the person desr_ritled
.n and who execubtd~fte~fpRgo~ttp i~ri~iifiyt and they acknowledged before me that they executed the same- i
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WITNESS.rayj~_?~rsnd~pfii~sea~~~.t ¢County and State last toresaid this 16th day of OCtOber I
~ f r )Y-'- ~X Lam- ~
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` ! l 1. Not y Public -
!U T'.`r~~Gi" . My ommn!'16?TiPll[~:C STATE of w:EOl11D/1 AT tAIEGE
~ ~ MY COMMISSION EitPIRES DEC 19 1983
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a-6014-000-7 Rev. 8/77 ~~r!~rr„~+..~,~•`'~• lONDEG TMRU GENERAL INS UNDERWRITERS
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