HomeMy WebLinkAbout0602 DIRECT HOME IMPROVEMENT MORTGAGE
WITH FUTURE ADVANCE
THIS MORTGAGE. made this 16th dyy of OCtObeY _ , .A.D., t9 80 , tretween•
Lavinia L. Rt3dd, A Single Adult iMortgagorl and
Sun Bank of St. Lucie County: Ft. Pierce, FL tMortgageel:
(Name of Sun Bankl
WITNESSETIi, that Mortgagor, lot and in consideration of ttte premises aM in order to secure the payment of the principal and
interest on the note las hereinaher defined!, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
auigns forever, the tOllOwing described real property in St. Lucie CO21I1tY County, Fbrda, to wit:
That part lying East~of the Florida East Coast Railway right
of way of the South 79.16 feet of Lot 3 0~ the J.O. Fries
Subdivision of Government Lot 1 in Section 1, Township 36 South,
Range 40 East, as per plat thereof recorded in Plat Bonk 4 at
Page 43 of the Public records of St. Lucie County, Florida.
THIS IS A SECOND MORTGAGE. "
190 OAT 21 Ah' ~ 42
R=~ftY:D a °Z0. 0 tIl PA"'+'tVT DF TAXEs
C(fc C=1 CL-•~i 'C 1?{T:.::?l Pi~~~.''L PF.OrERTYr FfLfO AN: F~ CGkG[~(3
P4.:3;::.HT ZD L.' 71-~:5. x::7S OF I>a)1. ~ S1.LUCIF GOUHTY.FIA.
ROGER POITRAS
It~G;R Pt:ITI;AS CLERK CIRCili7 CQ',fR
f1.EEK q•L:U,T CSUkTr ST. LU~iE CO.. Fi,A.9
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y,--{' (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 lawiul claims of all persons whomsoever.
_~.3~ •
rst---+ PROVIDED ALWAYS, that it Lavinia L. Redd.A Single Adult ,the Makerlsl of that
Ilnsert Name1s11
certain promissory note dated the date hereof (the Notel, her hens, legal representatives or assigns shall pay to Mortgagee
' ' ` ` the principal sum of $ 10.043.24 as evidenced by the Nose, with interest and upon the terms as provided. therein, the final
tt t maturity date of the Note and of this Mortgage being OCtOber 15 , 19 80 ,which Note provides that
? l~ 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
~ t~ r payment of the Note, and that if default be made in the payment of any installment thereunder aM that it wch default is not made
_ t ' good in accordance with the terms of the Note, that the entire principal vein aM accrued, carried interest shall become due and payable
~ f ~ without nonce aC the option of the holder thereof; and shall perform aM comply with each and every stipulation, agreement aM cov-
~J i ; - errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shalt be void, otherwise the same shall remain
- i _ . ~ in Lull force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- "
_ merits on said property; to carry inswance against fire on the building on said lanrt for not less than S ___II~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 5n proper repair.
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This Mortgage shall secure not only existing indebtednes>, but alto wch future advances, whether such advances are obligatory 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
if wch future advances were made on the date of the execution of this Mortgage, but such secured mdebterdness shall not exceed at any
time the maximum principal amount of $ T1~a plus interest, and any disbursements made for the payment
of taxes, levees, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether
i eblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either poor to or alter the due date of the Note or
i
any other notes secured by this Mortgage. This Mortgage is given for the sperilie purpose of securing any and all iMebtedness by the
- Maker to Mortgagee (but m' no event shall the secured indebtedness exceed at any tune the maximum principal amount set forth in this
paragraph) in whatever manner this indebtedness may be evdenced or represented, until this Mortgage is satisfied of record. All cove-
Hants and agreements contained in this Mortgage s.1a11 be applicable to all further advances made by Mortgagee to Maker under this
- ~ future advance clause.
Should any of the above covenants be broken *hen the Note aM all moneys secured hereby shall, without demarxl, it the
yam.[ ~O, Mortgagee, so elect, at once become due aid payable and this mortgage may be foreclosed, and all costs and expenses of collection and
W reasonable attorneys' tees, including costs, expenses aM reasonable attorneys fees on appeal, rf collected by legal proceedings or
through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
~ ; IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
= ~ ~ Sgned, sealed a delivered ter-- "
m our prese
` ISEAII
, Rdor tgagor ? .
Q~~ !.K a-- ~ - l~ - ISEALI ~
ikiortgagori
STATE OF FLORIDA ? . T
1 _
COUNTY OF ST• LUCIB 1
i si prrrr,rryrr -
~ 1 HEREBY CE,jdt'IFY~ ttj~~1?.,Msc day. before me, an officer duly authorized in the Slate aforesaid and in the County atoresad
to take acknowled`~S~''~/¢~~,,.~^!rW~t•1~~y~'+6.teq _ ~vinia L. Redd to me known to be the. per son described
. in and who ex tor~~lg'`rnSji'timent and S~~ acknowlerlgetif before me chat She executed the same.
WITNESSS3 nq~ r>rd'~#"~~~sedl irrthe County and State la foresail this 16th day of October .
A.O., 19 ~ i~ ~ •'~,:3 ~ • ~ ~
! ~ s
~r;, ~~~€~•Q I ~ N ryPuM~'T/1RY PUbIK StA1E OF fLOR10A At LA1[~
~ w~~'.~+••`~°.•~ M Commiss~1lryfSSION EItPIRES DEC 19 1943 i
• ~ qtr+:...• lONDED 11tRU GENERAL INS UN[tERWRI TERS
•~rtr~
4$014-000.7 Rev. 8/77 r...:.~.,.?...,
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