HomeMy WebLinkAbout0600 DIRECT HOME IMPROVEMENT MORTGAGE ~ ~ 4
wtTH FUTURE ADVANCE 504102
THIS MORTGAGE, made this 17th day of OC~.r ~ A.D., 19 ,between'
Rebecca Lvn~~~~~ Joined bx_~g~ hyta~h~r+n~ john A~ AlOi,fi~ (Alortgagor! and
Sun Bank of St. Lucie County, Ft. Pierces Pla, _ (Mo,tgageel;
(Name of Sun Bank)
WITNESSETH, that Mortgagor, for and in consrderatron of the premises and in order to secure the payment nl the principal and
interest on the note las herernalter det,nedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, us wccessors and
ossrgns forever, the following described real property in 3~ Ta7'r=zp _ County, Florida, to wit:
Lot lf+, Block "K", MARAVILLA ESTATES, a Subdivision accordi7'tg to
. the plat thereof recorded in Plat Book 8, page 77, Publfc Records of
St. Lucie County, Florida.
- THIS IS A SECOND MORTGAGE t'
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F;LCe ~ffc p-cca=u~ o
S1.LUCIf COh'lITY.FLA.
R°~*_;Y£0 s a 4./~i Ilf PAT`!£!1! Of TAIIEa RaGER PQITRAS .
CLERK CIRCUIT COI; T
I C:'.c C'i CL" ~S 'C' i'.a:.:~ a£ P~"cG:~" l P39r"Fifer
PL':::.:::.aT TO :`i:?~ 71•+'3, RSTS OF 1911. R:if"li \'f Fa"tF~ ~
l::C:2 PSITELAS
CLCwK piCNIT CardRTr ST, UIZ1E CO, FLiI.~•~~ .
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y r^f (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the tale to the Mortgaged Property.
and wirl defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that rf Rebecca Lynn & John A. AlO1S1 ,the Makerfsl of that
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f Z i , certain promissory note dated the date hereof Ithe Notel, f'hPl*' beers, legal repre3entat+ves or assigns shall pay to Mortgagee
r= ~ the pnncipal sum of S 10078_ 31 as ev+denced by the Note, with interest and upon the terms as provided therein, the final
;
_ maturity date of the Note and of this Mortgage be,ng petnh[xr j6 19 , wh,ch Note prov+des 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
f)) ` writ,ng, and that each maker and endorser agree to pay all costs of collection, including a reasonable attcrney's tee, upon default in the
payment of the Note, and that +t default be made in the payment of any installment thereunder aril that it wch default is not made
r good m accordance with the terms of the Note, that the enure principal vein and accrued, earned interest shall become due and payable i
' isI w+thout notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov-
_ ~ = ~ errant of the Note and of this Mortgage, then this Mortgage and the eKSate hereby creared shall be void, otherwise the same shall remain
? m full force. Maker covenants to pay the interest and prinapal promptly vrhen due. Mortgagor covenants to pay the taxes a:xl assess-
i ments on said property; to carry insurance against fire on the building on sa+d larxl for not less than $ _ n~~ ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be hekl by the Mortgagee and to keep the
~ : • building on Said land in proper repair.
w ~ This Mortgage shall secure not. only ex,stmg ~ndebiedness, but also wch future 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
.f wch future advances were;,made on the date of the executro,t of this Mortgage, but such secured ~ndebteriness shall not exceed at any
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V, nine the maximum prmupal amount of $ li~,~ _ plus mterest, and any d~sbursen~ents made for ttw payment
of taxes, levees, or insurance, on the Mortgaged Property, with mterest on wch disbursements. Any wch tuture advances, whether
obtgatory or to be made at the option of the Mortgagee, er otherwise, may be made either poor to or after the due date of the Nute or
CY any other notes secured by the Mortgage. ThK Mortgage is arven for the specific purpose of securing any and al! indebtedness by the
Maker to Mor+
gggee (but m no event shall the secured indebtedness exceed at any time the maximum pnnapal amount set forth in this ?
! paragraph) m whatever manner this +rKiebtedness may be evvienced or represented, until this Mortgage +s saushed of record. AN cove-
_ ~1 t Hants and agreements contained in this Mortgage shall be appl,cable to all further rdvances made. by Mortgagee to Maker under this
i~ tn' future advance clause.
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_ v Oi Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, d the I
W Mort e: so elect, at once become due arxf payable and this mat p
X; gage gage may be (o+eclosed, and all costs and ex erases of collection and
G~ reawnable attorne i fees, +ncludm costs, expenses aril reawnable atiorne s' tees on a y ega p g ~
y g y ppeal, rt collected b I I roceedm s or
_ through an attorney at •law, shall be pa+d by the Maker, and the same are hereby secured.
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{N WITNESS WHEREOF, the Mortgagor has executed the Mortgage as of the date fast above set forth.
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- Signed, sealed and delivered
m O p~ SenC@'
AL)
(SEAL?
(Mortgagor 1
• _
STATE OF 1
1
COUNTY OF STS'-~Z1+ 1 _ r
: i ~~+r~.L,,r~ E .
1 HEREBY C~lf~{i~~•6d`~vday, before me, an oi(,cer duly authonred in the State aforesaid and in the County aforesaid
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to take acknowie~g~arttrL ~ . •[ttjljil,aodparpd RehPCt-a T.vnn >r .Tnhn A IIl ni ~lme knovm to be the person described
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,n artd who exeN P¢,t f F nlt t aril thP.~ acknowledged before me that .L- executed the same.
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WITNESS to ~{`cislrs~aCi~ ~tte County and Stat atvresa+d thy; 17th day of f]ctohnr ,
tit r.r~ ~ ~ tars Publ~T P~L1C STATE Of FLORIDA AT LARD ~
1 ~~t
J - y Commis r
-w...;::, MYWW{SSION EXPIRES OEC 19 1983
. r~ ~ lONDED~ THRU GENERAL INS W~CfRWRITER~
4-6014-0OQ7 Rau. 8/77 _ f...,.,,,..,,.,.