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HomeMy WebLinkAbout0293t)IftECT HOME IMPROVEMENT MORTGAGE sc~~y9o g~- S 3 ~ ~ ~ v4ITH FUTURE ADVANCE J THIS MORTGAGE, made this ._~ 28th clay of ~__ November _______ A_p„ Ig 80 _- , tietwern ___ Mildred McPhee Sa_nd_s and George Sands, her husband____ _______ IMo„ya,~,l ,,,,~ ~~( ___~ Sun Bank of St. Lucie_C_o_u_nty, Ft. Pierce - ___ ._ _._ _,.__.__.______ (Mortgageel: _ (Name of Sun Bank! WITNESSETH, that Mongayor, for and in consideration of the premises and in order to secwe the payment of the pnnapat and interest on the note (as hereinafter delrnedl, fdortyagor hereby yrams, assrgns vansiers and mortgages to Mortyagee, its successors and assrgns forever, the following described real property in $ta LIIC}~__________ County, Flarrda, to wet: ~ A.3S Lots 17 and 1~8, Block "B" of Revised Plat of Alamanda Vista Subdivision, as Recorded in the Public Records of Saint Lucie County, Florida. THIS IS A FIRST MORTGAGE. REt'ffYEO f ~3r~ IN PAn!~!(T OF TAXES DU. ON Ch"S 'C' IATl.1:,".lE P..;:, .'l Ftbr^^EkTY, pppp pp~~ ~~,, FU:^..=MT TO ~11J1? NLG:R P ITiiAS; GF 19)1. (r70o oEC ~2 ffl ~G• ~5 CLARK C4tCUlT COST, ST. W~ ~. ~~~1 FILED ANC FECOROEO S ROGER POITRASA~ CLERK CIRCWT COUR ReC0110 YERIidED-_ _ -_- - ~~~j,~8~ ~V (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and wu1 delerxl the same against the lawful clauss of all persons whomsoever. PROVIDED ALWAYS, that if Mildred McPhee and George Sands _ ,the Makerls) of that (Insert Namels-1 certain promissory note dated the date hereof (the Notel, thelr heirs, legal representatives or assiyns shall pay to Mortgagee the pnncrpal sum of $ 6, 879.12 as evidenced by the Note, with interest and upon the terms as provided therein, the final maturrt date of the Note and of this Mort November 28 87 Y gage being , 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, 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 rf wch default rs 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 shalt be void, otherwise the same shall remain in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry insurance against fire on the building on said land for not less than S n/a ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee aril to keep the building on said land in proper repair. This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or 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 T rf wch future advances were made on the d,:te of the execution of this Mortgage, but such secured indebtedness shall not exceed at any ~-+ G: a, time the maximum principal amount of $ n/a plus interest, and any disbursements made for the payment _. U' of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either error to or alter the due date of the Note or rJi any other notes secured by this Mortgage. This Mortgage rs given for the specific purpose of securing any arsd all indebtedness by the -' '~~ Maker to Mortgagee (but in n0 event shall the secured indebtedness exceed at any time the maximum principal amount set forth m this ~~ paragraph) m whatever manner this rrxlebtedness may be evidenced or represented, until this Mortgage rs satisfied of record. All cmre- .] Hants arsd agreements contained m this Mortgage shall be applicable to all further advances made b Mort y gagee to Maker under this ,i future advance clause. ~' ': E ul' • .; Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demarxf, A the ~' = O~ Mortgagee, so elect, at once become due and poyable and this mortgage may be foreclosed, and all costs and expenses of co!lechon and ' ~. x! reasonable attorrse s fees, mcludm costs, ex erases and reasonable attorne i fees on a Peal. ii collected b I Y 9 P Y p y egal proceedings or .. b! through an attorney at law, shall be paid by the Maker, aril the same are hereby secured. ~! IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date lust above set forth. ~ _. ~ I Signed, sealed and delivered m our re ce: ~ t - - SEAL) ~.-~ ~i ortyagor) ~ ~ l} ' j° _ _ (SEALI iM tgagor STATE OF FLORIDA ; 1 COUNTY OF ST. LUCIE t+r~i 1 HEREBY CERTIFY,.tA`~~ ~yy, before me, an officer duly authorized in the State aforesaid and m the County aforesaid ~~~ ~~ r j ° Mildred McPhee & Geor e S to take acknowledgments, personally r ~ g ~h~fe known to be the person described ~ . m and who executed th~loreflerrt nktrutnentt~~ -they acknowled before me that they ged executed the same. WITNESS my hand~ando)fitialrsea,~i tltcnty and Sta~st aforesaid this 28th d y of November . tdU ~ st ~, ,' ' r : ,, A.D., 19 - . -. . ~ "`r • Otary Public - , ., , ~ ,. NOTARY fUluC STATE Of fLCIR10A T A LAR(,~ .; r,~ •.,,n MyCommrszan >~~~S,y._ ISSIO ' ~ C~7MM N EXPI RES pEC 19 1983 ' OR ~oNOEo TFfw a 6014-000-7 Rev. 8177 B~ _ `a~ FdGE ~V ( ~~ INS IN~ERWRIT~R~ ,.,,, o n ~, _ - _ ~ 1 .- ~ _'