HomeMy WebLinkAbout0601 DIRECT HOME IMPROVEMENT MORTGAGE n ~d ~3~
WITH FUTURE ADVANCE 5L4~03
THIS MORTGAGE. made this 17th ~y of ~ OCtOber A.p", 19 80 , between'
James H. Ruby and Barbara A. Ruby, his wife _ (Mortgagor) and
- Sun Bank of St. Lucie County, Ft. Pierce, Fla. _ IMortgageel;
(Name of Sun Bank)
WITNESSETH, that Mortgagor, for and in consderauon of the premises aril m order to secure the payment of the principal and
interest on the note las hereinafter defined), Mortgagor hereby grants, assigns transfers and mortgages Io Mortgagee, ils successors and
assigns forever, the following descrbed real property in St. LUCi@ COUnty _ County, Fbrdd, to wR:
Lot 11, Block 131, South Port St. Lucie, Unit 8,
according to the plat thereof recorded in Plat Book 14,
page 26 and 26A through 26D of the Public Records of
St. Lucie County, Florida.
THIS IS A SECOND MORTGAGE.
19E0 OCT 21 ~ti ~ 42
~rrr•tcr~ _ / PA'°'.cVT CF T'XES fIIEQ ?NC N' CC??'JtD -
I~ • CrJ~ C'1 c>_=.:.~ : " ~ ° - - t P8a`f..iYr $T.IIJCIC COIfNTY.FIA.
PIi;:5~;.4i T~ 71- •1, :::.la u? 1811. ROGER F ~ITRAS
- ~ f:., i=~ P..IT:.A; CtERK Clptilii CCLt~ D
:r CILRK pAt11IT COd&Tr ST. LYciTE M.~ ~ ri, i•.•gli t•~ t; a ~ i 7
~~3a - 504103
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I jj (hereinafter referred to as the Mortgaged-Property); and the Mortgagor does hereby fully warrant the tale to the Mortgaged Property
l) and will defend the same against the Lawful claims of all persons whomsoever.
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i~~'.~, PROVIDED ALWAYS, that if James H. & Barbara A. Ruby, his wife ,the Makerls) of that
~ - z: ~ (Insert Name(sll
' , certain promissory note dated the date hereof (the Note), their heirs, legal representatives or assigns shall pay to Mortgagee
.-t~ ~ 7,643.07 as evidenced by the Note, wuh interest and upon the terms as rovded therein, the final
- the pnnupal sum of S- p
. ~_i
~ .,J,(- maturity date of the Note and of this Mortgage being OCtOber 16 , 1990 _ ,which Note provides that
~ 1 _ _ i-~ i r~ 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, including a reasonable attorney's tee, upon default in the
i payment of the Note, aril that if default be made in the payment of any installment thereunder and that if wch default n rot made
, - good in accordance with the terms of the Note, that the entire principal win and accrued, earrxd interest shall become due and payable
L without notice at the op:ion of the holder thereof; and shalt-perform and comply with each and every stipulation, agreement and cov-
- errant of the Note arxf of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
i ~ L - in full force. Maker covenants to pay the interest aril principal promptly when due. Mortgagor corenants to pay the taxes and assess- '
merits on said property; to carry insurance against fue on the building on said land for not less than $ n/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.
IF
I This Mortgage shall secure not only exrzting indebtedness, but also wch futwe advances, whether wch advances are oblgatory or
i to be made at the option of Mortgar~ee, or otherwise, as are made within twenty 120) years from the-date hereof, to the same extent as
i O rf wch future advances were made on the date of the execution of this Mortgage, but such secwed indebtedness shall not exceed at any
U ` time the maximum prinupal amount of S n~a plus rnterest, and any disbursements made for the payment
~I of taxes, Levies, or insurance, on the Mortgaged Property, with rnterest on wch disbursements. Any such future advances, whether
-'i ~ oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or alter the due date of the Note or
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~ any other notes secured by this Mortgage. This Mortgage n giren for ?he specific purpose of securing any and all indebtedness by the
v ~ i Maker to Mortgagee (but in n0 event shall the secured indebtedness exceed at any time the maximum principal amoun: set forth ire this
l paragraph) m whatever manner this indebtedness may be evidenced or represented, until :his Mortgage rs satisfied of record- Atl core-
~ Hants and agreements contained m this Mortgage shall be applicable to all further advances made by Mortgagee to Maker-under this
rp ! future advance clause. '
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Cl, i Should any of the above covenants be broken then the Note aril atl moneys secured hereby shall, without demand, d the I
~ ~ Alortyagee, so elect, at once become due and payable and thn mortgage may lae toreclosed, and all costs anrf expenses of collection and
~I reasonable attornRys' fees, including costs, expenses and reasonable attorneys' tees on appeal, it colfectcK) by legal proceedings or
~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. i
Ci
- ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. r
Signed, sealed and delivered '
m our pr rice -
ISEALI r I
rtg - ~
- ?'~~s (SEAL)
(ktortgagar)
E If
f STATE OF FLORIDA 1 } I'
COUNTY OF $qi*t~,jjG,j~ 1 ..~1
,~1~~y • 1"!, r~1, EE
( 1 HEREBY ,C~TIfWy~ti~`riday, before me, an officer duly authorized rn the State aforesaid and in the County aforesaid f
~ ,.9 ' James H & Barbara A.
to take acknowied ^,6ffiOrlal~appeered Ruby to me known to be the person described
in anti who ex4 r ~t~i~insfrutl~t and they acknowledged before me that they executed the same.
r-
WITNESS: 'ri~ryd~ic~4{eAl~t~ie County and State last at card this 17th _ clay of OCtOber
My C mi ~~~KI
SS ION EXPIRES OECa19. 198u3~
4-601400x7 Rev. 8/77 ~~N ~ G THRU-~~ INS W~DfkWRITERS t,,,,.,,..P..,
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