HomeMy WebLinkAbout1565 utHECT HOME IMPROVEMENT MORTGAGE ~ 3~ ~ ~
WITH FUTURE AbVANCE
m thi 21St da of oetober `5U4b4~. A.O.. tg 80 , between•
THIS MORTGAGE. atle s Y
Rov E. Jenkins _~d_Saro +ZPan ~Tenkins, hia wi~~_ _ IMortgagorl anti
_ Sun Bank of St. Lucie County _ _ (Mortgagee?;
lName of Sun Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises aril rn order to secwe the payment o! the principal and
interest on the note las herernalter delrnedl, Mortgayor hereby grants, assigns t+ansfers anti mortgages to Mortgagee, its successors aril
assigns forever, the following described real property rn St. 'LuCi@ - County, Flarrda, to wit:
The South 200 feet of the East 225 feet of the SE 1/4 of the
NE 1/4 of the NE 1/4 of Section 24, Township 35 South, Range
39 East, public records of St.Lucie County, Florida.
Excepting fray the above the South 20 .feet. thereof and the East
~ 40 feet thereof, being rights of way for public roads. _
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Rtflceived s 7 r In PsYnlent Oi Tlpteft
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` { C tla)[• ss COn~I C !)U6 On C1fs53 "C" IrlMl~pibls Parf[onsl~ty,
S.-LUC11r (q;RjY fl ~ Pursuant To Chapter 71.1$4. AICIB a 1s 1.
RC6ER PgTRAS
• CLE61i C1F.CV1F C^.URT ~ ROGER POITRAS ~
_ filers Circuit Court St. facie. Co., F1flt.
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m ~ 50464'7 ~ ~
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(herernalter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the true to the Mortgaged Property
11 ! and wirl defend the same against the lawful dairtss of alt persons whomsoever.
' ~ PROVIDED ALWAYS, that ii ~Y E• Jenkins and Carol Jean Jenkins _ the Makerls) of that
• ~ (Insert Namelsll
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certain promissory note dated the date hereof (the Notel, their fie,rs, legal represematives or assigns shalt pay to Mortgagee
the principal sum of S as evidenced by the Note, whh rnterest and upon ilia terms as providtxf therein, the final
maturity date of the Nate and of this Mortgage being OCtOber 20 , /9 94• ,which Note provdes that
• all installments of principal and rnterest are payable at the office of Mortgagee, o? at wch other place as the holder may designate in i
- writing, and that each maker and endorser agree to pay a!I costs of collection, rncfuding a reasonable auorney's fee, upon default in the-
. payment of the Note, and that if default be male rn the payment of any installment thereunder arui that if such default K not made
good in attordante with the terms of the Note, that the enure principal win and accrued, earned interest shalt become due and payable
without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement aril cov-
. • errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
i in full force. Maker covenants to pay the rnterest and pnnapal promptly when due. Mortgagor covenants to pay the taxes aril assess-
' ~ E i merits on said property; to carry insurance against fwe on the building oil said tariff for not less than S -n/a ,approved ~
` by the Mortgagee, with standard mortgage toss clause payable to Mortgagee, the policy to be held by the Mortgagee anri to keep the
building on card land in proper repair.
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E - This Mortgage shall secure Hat only existing indebtedness, but also wch future advances, wheihrx wch advances are oblgatory or '
Et 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 indebtedness shalt not exceed at any
~ - O' time the maximum principal amount of S n~a Plus rnterest, and any disbursements made for the payment i
U - of taxes, levies, or :assurance, on the Mortgaged Property, with rnterest on wch disbursements. Any wch future advances, whether {
Q), 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
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U~ any other notes secured by this Mortgage. Ttus Mortgage rs given for the specific purpose of securing any and all irxlebtedness by the
Maker to Mortgagee (but in no event shall the secured irdebR'rlness exceed at any timeshe maximum principal amount set forth n this _ r
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~ paragraph) in whatever manner thin indebtedness may be evdenced or represented, until. this Mortgage is satisfied of record. All c~•e- i
- ~i Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this !
tA~ future advance clause.
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r-t O~ Should any of the above covenants be broken then the Note anrf all moneys secured hereby shall, without demand, d the
` 'n Mortgagee, so elect, at once become due arxi payable and this mortyage may be foreclosed, and all costs aril expenses of collection and -
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- ~ C. reawnable attorneys- fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or
b through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
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IN WITNESS WHEREOF, the Mortgagor has exeeuten this Mortgaye as of the date first above set forth.
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Signed, ed and delivered
.n our Bence:
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_ (SEAL)
IMor tyago
- ortgagor)
STATE OF FLORIDA 1
COUNTY OF ST. LUCIE 1
1
1 HEREBY CERTIFY, that on this day, before me, an otl,cer duty authorired in the State aforesaid arxf m the County aforesaid
to take acknowledgrttpti(k f~j~(i! •'Sppeared Boy E~ & Carol Jean Jenkins to me known to be the person described e
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in and who execu;ld th¢~gQ~}a{ts~simQnt and they acknowledyed before me that _ executed the same.
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WITNESS rhy ~S~YTpa` t se?F~br County and State I aforesaid this 21st day of _ OCtOber
~.f ~ ~ s•~~ - aryPu~ARY 1~K STATE Of flCA1DA AT IA~ r
. . ~ • l ~ C~i`vv? ; Pf?>' Commrssttlili C~MfYt1fSION EXPIRES oK 19 1983
3 ~ 40lnEp THAI
4 46014-Ot~•7 Rev. 8/77 + ~ '`ass ~ GENERAL INS W'1DERWRI TERS t ,
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