HomeMy WebLinkAbout1567 DIRECT t~10ME IMPROVEMENT MORTGAGE V~~', ~ ~
WITH FUTURE ADVANCE C.{
THIS MORTGAGE: made thrs 22nd day of ~ October A.O., 19 , txtween'
Frank D. Vanater and Lenora Vauater~ his wife (Mortgagor) and
Stan Bank of St. jueie (Mortgagee):
(Name of Sun Bank)
WITNESSETN, that Mortgagor, ter and rn consrderatron of the prentrses and ,n order to secure the uayment of the prrncrpal and
mterest on the note las hera,natter dei,nedl, Mortgagor hereby grants, assrgns transfers and mortgages to Mortgagee,rtssuccessors and
assigns forever, the lotlowrng described real property rn $t• Lucie _ Coumy, Fbrrda, to wit:
West 37.2 feet of Lot 4, and Lot 5 less the West 5 feet of said Lot 5,
Block 4, MSRRIWEATHSR PARK SUBDIVISION, Less the North S feet thereof
as recorded in Plat Book 6, page. l6 in the public records of St. Lucie
County, Florida.
THIS IS A SECOND MORTGAGB
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T~R'~~~• pUrc~rTnt Tn Chepte~ 71, 134, Actft Ot lB71.
C.F,~IY t~1RT ROGER POI7Tts~S
" - " ---~'1 : lt;•~ •"~r^u+t Court. St. Lucle. Co., Fly.
to 504649
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(here,nafter referred to as the Mortgaged Property!: and the Mortgagor does hereby fully wacrant the title to the Mortgaged Property
1 i ? i' aril wirl defend the same against the lawful claims of all persons whomsoever.
. ( PROVIDED ALWAYS, that rf Frank D. VSnater ~ Lenora Vanater his wife ,the Makerls) of that
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i certain promissory note dated the- date hereof (the tJotel, their heir legal representatives or assigns shall pay to Mortgagee
the principal sum of S 7 ~ U62.47 as evidenced by the Note, with mterest and upon the terms as provided therein, the final
' maturity date of the Note and of this Mortgage being OCt 21St- , 19 90 ,which Note provides that
all installments of principal and interest are payable at the offrte of Mortgagee, or at wch other place as the holder rrw~y designate in
writing, and that each maker aril endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the
payment of the Note, and that'll default be made in the payment of any installment thereurxler and that if wch default K not made
~ good in accordance with the terms of the Note, that the enti.e principal vim and accrued, earned mterest shall become due and payable
f without notice at the option of the holder thereof: and shall perform and comply with Each and every st,pulation, agreement and cov-
- = • . errant of the Note and of this Mortgage, then this Mortgage and the estate hereby cleated sha4 be void, otherwise the same shall remain
in full force. Maker covenants to pay the mterest arxi principal promptly when due. Mortgagor covenants to pay the taxes and assess-
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merits on said property: to carry insurance against fire oh the building on card Wrtr1 for not less than S rile ,approved
_ _ by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
_ ~ bwkling on said land in proper repair.
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~ This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are oblgatory or
to be made at the option of Mortgagee, or otherwise, as are made within twenty 120) years from the date hereof, to the same extent as
f it wch future advances were made •on the dale of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
M U I tame the maximum principal amount of S , II~8 plus mterest, and any disbursements made for the payment f
1i W of taxes, levies, -or mwrance, on the Mortgaged Property, wnh mterest on wch disbursements. Any such future advances, whether i
f f{ 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
II 4 ~ ~ any other notes secured by this Mortgage. This Mortgage is given for the specrtK purpose of securing any and all rrxfebtedness by the a
a MaM.er to Mortgagee (but m no event shall the secured indebtedness exceed at any trine the maximum principal amount set forth m this i
_ paragraph) m whatever manner this rrtdebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
Hants and agreements contained m this Mortgage shall be ap~iicable to all further advances made by Mortgagee to Maker under this
' ~ future advance clause.
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f D Should any of the above covenams be broken then the Note and all moneys secured hereby shall, without demand, if the
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~ i Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
~ reasonable attorneys' fees, including costs, e>penses and reasonable attorneys' tees on appeal, ,f collected by legal proceedings or
~ ~ ( through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
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~ i IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above: set forth.
- I Sgned, sealed and delivered
in our presence'
~r V'
~~.+Q~~.s.l ~ ~ (SEAL)
• IMortg
ISEALI .
g (M rtgagor)
€ STATE OF Florida 1
St. Lucie 1
COUNTY OF 1
1 HEREBY CERTIFY, that on this dayYb^,~gre me,-an officer duly authorized in the State aforesaid and in the County aforesaid
to take acknowledgments, personally_ r i"~ilC_D. ar Lenora Vanater to me known ±o be the person described
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in and who executed the fore~ouy~filtf~ ~ -acknowledged before me that they executed the same.
WITNESS my hand aril of r , ' ~'n ~ St@te lass ato card this 2 of ~t• ,
' - ~ t~r~+:j`,~?_t'js'~ ~fotary Public ~tAxr ATE OF FlARIDA AT tAI~E
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} 4-6014000.7 Rev. 8/77 ~ . ~ ~plll~ GB~RAL 1~ . T~ `
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