HomeMy WebLinkAbout1566 t~IRECT HOME IMPROVEMENT MORTGAGE ~
WITH FUTURE ADVANCE
THIS MORTGAGE, made tni:23rd ~y of OCtbber A O , 19 80 ,between'
NathaQi~dl Porter and Margaret Porter, his wife _ IMortgagorl and
Sun Bank of St. Lucie Co. IMartgageel:
(Name of Sun f3ank~
WITNESSETH, that Mortgagor, for and rn consideration of the premises and in order to secure the payment of the principal and
interest on the note las hereinafter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its succeswrs and
auigns forever, the following described real property rn St. Lucie _ County. Flc+rda, to w,t:
From the Southeast corner of the Northeast one-quarter of the Northeast
one-quarter of Section 6, Township 35 South, Range 40 East, run North
0°13'10" East, 348.51 feet along the center line of a Street to a point
in the extended North line of Avenue R (According to a recorded plat of
SUNI.AND GARDENS); thence North 89°24'50" West, 25 feet to the point of
beginning; from said point of beginning continue Westerly, 150 feet; thence
North Oo13'10" East 286.29 feet to a point in the South line extended of
Avenue S (according to said recorded plat of SUNLAND GARDENS); thence
South 89°24'SO" Bast 150 feet to a point in West line of a Street; thence
South 0°13'10" West, 286.29feet to the point of beginning; ERCEPTING
THEREFROM' the Southerly 70 feet thereof.
THIS IS A SECOND MORTGAGB v`38 O
~ 5U~ Received s a $ In Psytnent Of Taxfat>p
t~'3~ ~ 1~~0 ~~j 2 one On Ciafs "C" IntanpiblsPerfsons?~nifr
4
A4 li~ 2 ~ pursuant To Cheptsr 71.134. Acq O+ •9~1.
sl~`iUCi MI• `u"u; p ROGER POITRAS
ROGER PO
TRAS r=+Pr~ Circuit Couf't. St. facie. CO., Flt..
- - CIEfiK C?RCUIT C~j
't~ 7
W
(hereinafter referred to as the.Mortgaged Property!: and the Mortgagor does hereby folly warrant the title to the Mortgaged Property
and writ defend the same against the lawful claims of all persons whomsoever.
t'1 -
PROVIDEO -ALWAYS, that rfNathaniel Porter and Margaret Porter his wife ,the Makerls) or that
d,•• jlnsert Namelsll :
.t ti}"-`•
iF ~ ~ ~ certain promissory note dated the date hereof ithe Note), their hens, legal representatives or assigns shalt pay to Mortgagee
.
~ 10 898 55
• ~ .the principal sum of S s • as evidenced by the Note, with interest and upon the terms as provded therein, the final
l
maturity date of the Note and of this Mortgage being OCt 22, t9 90 , wh,ch Note provides 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
' v?Titang, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the
- payment of the Note, and the[ if default be made m the payment of any installment thereurxler and that if wch default is not made ~
1I" good in accordance with the terms of the Note, that the em,re princpal win and accrued, earned interest stialt become due and payable
• - I without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and coy-
~ orient of the Note aril of this Mortgage, then the Mortgage and the estate hereby created shall be word, otherwise the same shall remain ;
- • • m full force- Maker covenants to pay the interest aril principal promptly when due. Mortgagor covenants to pay the taxes and assess- '
merits on said r ~
L ~ p operty; to carry ,nsurance against fue on the burkiing on card land for not less than S n~a ,approved
' by the Mortgagee, w,rh standard mortgage Toss clause payable to Mortgagee, the pol,cy to be held by the Mortgagee and to keep the
~ burld,ng on said land rn proper repiir. s
j ._.r..t:.:
This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are otllrgatory 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
if wch future advances were made on the date of the execut,on of this Mort t
gage, but such secured ,ndebteciness shall not exceed at any 1
r
' Oi time the max,mum prinapal amount of $ n~a plus interest, and any disbursements made for the payment
V~ of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
d ~ obtgatory or to be made at the opuon of the Mortgagee, or otherwise, may be made either prior to w after the due date of the Note or I
ar. other notes secured b this Mort
' O; y y gage. This Mortgage rs g,ven for the spee,fic pwpose of securing any and ail ,rxlebtedneu by the
Maker to Mortgagee (but m no event shall the secured rndebtednessexceed at any tune the maximum prinupal amount set forth in this !
- a
paragraph) in whate+er manner this indebtedness may be evidenced or represented, until this Mortgage is satslred of record. All cove-
Hants aril agreements contained ,n this Mortgage shall t>e appl,cable to all further advances made by Mortgagee to Maker under this
y! future advance clause. {
~ ;
w~ a
pi $houe any of the above covenants be broken then the Note aril all moneys secured Hereby shall, without demand, iI the
_ ~ ~i Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collect,on and
T pq ~I +easonable attorneys" fees, rncludrng costs, expenses and reasonable attorneys' fees on appeal, rf cotlectr.•d by legal proceedings or
~ ~I through an attorney at law, shall be pad by the Maker, and the same are hereby secured. i
~ i
~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date fast atx,ve set forth. ~
' O!
_ tn,
- Sgrred, sealed aril de:rvered
m Our p rice' '
- ,
- (SEAL)
z _ ISEAL?
(Mortgagor
STATE OF Florida 1
1
COUNTY OF $t. Lucie CO.
1 HEREBY CERTIFY, that on th,s day, before me, an ofl,cer duly authorized in the State aforesad and in the County alor4sad
to take acknowledgments, pe+sonatly appeared Nath8I1 to me kncvm to be the person described
t
in and who executed the foregoing ,nstrument and the ~ ~ •~Mj~d`betore me that they executed the same.
WITNESS my hand and off,c,al seal in the County and 9t ; _ t~a~~? ^ ay ni=t ,
~ ~ .1tBtIC SSA tai Fl10RItiM? AT IAtlt'Fi
ISftON ~ Ate. Z3 19rtZ
4 TMt, Cr~IM INs • I,NDEIIwpTt~f
a-soya-oooa Ret?. em 80~K~~.1 PiGE~t~ : ' t....,..,....,,
~/j.
f
. , ~