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Home My WebLink About1613 r DIRECT HOl41E Ih9PROVEMEkT IVIpitTGAGE ~ ~ 3~~~ 3 WITH FUTURE ADVANCE Y~ THIS MORTGAGE. made this Qt11 day of Naviamher . , A.O., 19 8Q- .between' Dennis R_ Mc Mahon and Efl@en E~ Mc Ma_h_on~, his wife (Ms„tgagor) Sun $ank of St_ Lucie ~ounty~, Ft_ Pierces FL I~,tg~l; (Name of Sun Bank] ` WITNESSETH, that Mortgagor, for and in consideration of the premises and M o?der to srcwe the payment of the principal and interest on the note ias hereinsfter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its sincKwrs and • auigns forwer, the following sletcribed real property in St. LUCle County, Fbrda, to wit: y go Lot 29, Block 67, INDIAN RIMER ESTATES UNIT S, according to the Plat thereof as recorded in Plat Book 10, Page 73 of the Public Records of St. Lucie County, Florida. - - - _ - - _ t THIS IS A SECOND MORTGAGE. r_ ;T ` - ! F f_.i-_ 1 ~ to - - . a i,. : , Kitt ~.t! 1 . ~i~ ,i 1 RECEnEO s__ G` IN PAY1~f11T OF TAXES Ig~O P;8'! -1 I(~ 04 DU. Oli CEA.,S C N17ANG BLE PERSONAE PROi'ERTr, FUCSBt,NT TO : HA.°T=' TI-i::4, AC1S OF N71. &~G~R PIrITRAS ~ It Ef : ~P , , CLERK CGGWT CG>tAT, ST. LtlGE Ca. ~9~ • ~ fi ~ ~ ~ s, i : ~ " F ~ `.i CLE ! - . _..i 5444 - (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully wanam the title to the Mortgaged Property and wul defend the same against the lawful rlaims nt all pwsnns whnmsrwvPr PRUVIDEO ALWAYS, that if Dennis R.. and j:ileen E_ MC Ma_h_on the Makalsl of that (Insert Namels?) certain promissory note dated the date hereof (the Motel, f'h hens, legal representatives or assgns shall pay to Mortgagee the principal sum of S T~?~- as evidences! by the Note, with interest and upon the terms as provided therein, the final rr?atunty slate of the Note and of this Mortgage being NoyemUer 4 . , 19 ,which 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 writing, and that each maker and endorser agree to pay all costs of collection, ,ncluding a reasonable attorney's tee, upon default in the payment of the Note, and that if default be made in the payment of any installment thereunder and that it wch default is not made good in accordarsce with the terms of the Note, that the entire principal win and accrued, earned ,merest shalt becstme due and payable without notice at the option of the holder thereof; and shalt perform and comply with each and every stipulation, agreement arsd cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain m full torte. Maker covenants to pay the interest and principal promptly ;when due. Mortgagor covenants to pay the taxes grid assess- - - li - merits on said property; to carry inswance ayainst fire on ttte building on said Writ for not less than S ,approved by the Mortgagee, with standard mortgage loss clause payable ro Mnrtgagw+, the policy to be held by the Mortgagee and to keep !ffe it building on said land in proper repair. - I~ This Mortgage shall secure not only existing indeb.edness, but also wch future advances, whether wch advances are obligatory or ~ to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 years from the date hercol, to the same extent as O if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any ~ time the maximum rinc+ I amount of n a P Pa 5 - ~ plus interest, and any disbursements made for the payment ` _ _ ; of taxes, levees, or insurance, on the Mortgaged Property, with interest rxt wch disbursements. Any wch future advances, whether 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 ~ any other notes secured by this Mortgage. This Mortgage is given for she specific purpose of securing any aril all indebteJness by the `r ~ Maker to Mortgagee (but in rso event shall the secured indebtedness exceed at any time the maximum pnnapal amount set forth in this I ~ r r h) m whatever manner this indebtedness m3 be eve-fenced of r s I y.t, Pa ag aP y ep:esented, unfit this Mortgage is satisfied of record. All cove- ~ Hants and agreements contained in this Mortgage shall be applicable to al! further advances made by Mortgagee so Maker under this ~ ~ future advance clause. W 7 ~ x` Should any of the above covenants tte Itroken then the Note and all moneys securix! hereby shall, without rfemarid, it the L w ~ Mortgagee, So elect, at once become due and payable and this mortgage may be foreclosed, and alt costs and expenses of collection aM 1 reasonable attorneys' tees, including costs, expenses and reasonable attorneys' tees on appeal, i1 coltectecl by legs{ proceedings or through an attorney at law, shall be paid by the Maker, and the same are hereby securest. r, ~ 7_ ~ - ~ t/)i IN WITNESS WHEREOF, the Mortgayo- has exocutecf this Mortgagees of the date first above se? forth- _ ! Signed, Si!atett arW delivered in our presence' ~ - ' G ISEALI ~~~-~~v ~ ~ ~ r _ ~"TSEAII 1 Mor tgagor STATE OF FLORIDA 1 1 COUNTY OF ST. LUCIE 1 HEREBY CERTIFY, ~p fOre me. an officer duty autttonrid in the State aforesaid and m the County aforesaid 1 `a•Y dom. 'r' - to take acknowledgment cperlfbrWlly,a a,P~ ~ me known to be the person described .n and who executed tFie.?e~ i ru v acknowl s 0`~-. rjtYlklYi~ thaT edged before me that they/ executed the same. E WITNESS my harid•ant~tl seaQiAttlk County and State I toresa~d this dth day of lypyp„~~r , ~ - C 'r N ty Pubbc r n /~'a r•r~~ My Commission E,~,Mc~Y~~COMMISSICMJ E1lYiliES DK 19 19t13 • S~ ;'i 1,~,~'~~:' lvrlCFD THW GENERAL INS . WvOfRWRIT~i , r....r _..n, a-so,4-ooo.T Ra?. am r gp~e3~ P~Ei61~ - f.. ~ ~ - - s ~~y