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Home My WebLink About0813 utHECT NOME IMPROVEMENT MORTGAGE O MgQ~ 1 / wiiH FUTURE ADVANCE l~1Jt~S36` ;5•'ourteenth November 80 THIS MORTGAGE. maife th.s clay of A D., i9 _ , betvsern Gar~r_F._Ellwood and Janice_F._Ellwood, his_wife__ _ _ _ I~~r„iga,~,l a,d - Sun Bank of St. Lucie County, _ Ft._ Pierce, FL _ - - _ fti~,,,,y,g~.~), (Namr of Sun yank( WITNESSETH, that Mortgayor, for a*xf nr consuferatwn Ot the premnei and m oufei to secure the paymem o1 the pnncipal arxf mterast on the note las herrinalter cfehnedl, 61ortyayor hereby yiants, assrgns transfers and mortgages to Abrtgag•tr, its suc:essois and assrgns forever, the foltowinq described real uropi~rty in St. LUCle- County, FlorKla, to sort. Lot 8, Block S, CARDINAL GLADES, according to the plat thereof recorded in Plat Book 11, page 14, public records of St. Lucie County, Florida THIS IS A SECOND MORTGAGE. : 50'7536 ~ - _ - _ ~ ~`S in Payment Oi Taxaa Rateived i OW On Claaa "C" intanOible Paraonpl P~op«t1/. - w O~ _ _ pint To ChaveW 71.134. Aw Vi 1811. ~ ROGER lOR~ . ! ~ ~ Ciroylt Cowl t~uoh Ca. !M. (hcreinaher reterre[I to as the Mortgaged Property); arxf the Mortg.~yor does hereby fully warrant the rule to the Mortgaged Property and wnl defend the same against the lawful claims of al! persons whor-tscever. PROVIDED ALWAYS, that it Gary F, and Janice F. Ellwood the hfakerls?of that ilnsert Namelsli certain promissory note dated the date hereof (the Notel, their ~,rs legal representatives or assrgns shall pay to Mortgagee the principal sum of S 5,226.40 as evdenced by the Note, with interest and upon the terms as provided therein, the irrtal maturity date of the Note and of this Mortgage being NOVember 14 _ fg 87 ,which Note provides that all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as :he holder may designate in writing, 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 that if default be made in the payment of any installment thereunder and that if wch default is not made good in accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain in full force. Maker covenants to pay the interest and prinupal promptly when due- Mortgagor covenants to pay the taxes and assess- ~ menis on said property; to carry insurance against fire on the building on said land for not less than $ n~a _ ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the pOliiy to be held by the t~Aartgagee and to keep the ~ building on said land in proper repair- i 's Thrs Mortgage shall secure not only exist mg indebtedness, but also wch future advances, whether such advarx:es are obligatory or !I to be made at the option of Mortgagee, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness ;hall not exceed at any ~ hme the maximum prmapal amount of S n~a plus interest, and any disbursements made for the payment I of taxes, levies, or insurance, on the Mortgaged Property, wrth interest on wch disbursements. Any wch future advances, whether obligatory or to be made at the option of the Mortgagee, or otherwise, may be matte either prior to or after the due date of the Note or any other notes secured by this Mortgage. This Mortgage rs given for the spetit~c purpose of securing any and all indebtedness by the - . Maker to Miortgagee (but in no event shall the secured indebtedness exceed at any time the maximum pnnupal amount set forth in this ~ paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record- All cove- , Hants and agreements contained in this Mortgage shall be applicable to all further advances male by Mortgagee to Maker under this - future advance clause. - Should any of the abore covenants bv_ broken then the Note and all moneys secured hereby shad, without demand, d the _ ~ , Mortgagee, sc elect, at once become due arxf payable and this mortgage may be foreclosed, and all costs and expenses of collection and - reasonable attorneys fees, including costs, expenses and reasonable attorneys' tees on appeal, d collecred by Irgal proceedings or , ~ through an attorney at law, shall be paid by She Maker, arxf the same are hereby secured- _ IN WITNESS WHEREOF, the 1ortgagor has executed this Mortgage as of the date tryst above set forrh r. - U1' Sgned, sealed and delivered in our pre _ ~ ~ SEALI ,vn~ (Mon ar) (Mon ga3or STATE OF FLORIDA COUNTY OF ST. L[1~jtR ,.N ,r~ 1 I HEREBY CERTjf~1f, that pn,tkrs~fjtjeiore me, an officer duly authorised in the State aforesaid arxf rn the County aforesaid • r,` '.Gary F, and Janice F. Ellw to take acknowtedgrrsent;, pe?sM~it ap{~lilTd ~me known to be the person described- ' ~ ' % ' the the m arxf who executed ~ f ift~iirttent.~id y acknowledged before me that y executed the same. WITNESS my tt.~'~~~~ yLtr~ QQunty arxf State last aforesaid this 14th day of NOVelilber , A.O., 19_x_- x ~j i ( _ , tart' Pi,bhc • , • i t ~ My Commissi~/f~rg1UBLIC ST•~TE Of iiOttlDa A7 6Ai~ B~~K , P~GE t] MY CO;ii'+! i S51 O!~ ExP 1 R:S RC 14 i'i tf 3 G ~p~yp;(, ihRU GEt1:R.>L If15 WvDERwR11ERSt..,V..,.v.ry. n X014-000-7 Rev. 8/77 ' 4 ~