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Home My WebLink About0294L111iECT HOME IMPROVEMENT MORTGAGE ,589 g ~ "g~ ~ ~ ~``~ 1vIrH FUTURE ADVANCE 9~ il ~ 28th November v '1 THIS MORTGAGE, made uhs __ _- day of ____ _. ____ A D , 19 _80 ,between Willie Broadneax and Bessie Broadneax his wife _-____-____ IMortyayorl arxf __ Sun Bank Qf St. Lucie County. Ft. Pierce _ _____________^___-_- (Mongagee-: (Name of Sun Bank j WITNESSETH, that Mortgagor, (or and in consrderat+on of the premises and rn order to srcwe the payment of the pnnc+pal and interest on the note las hereinafter cfehnedl, Mortyayor hereby grants, assigns Uanslers an;l mortyayes to Alortya9ee, its successors and assigns forever, the following described real property m __ SL• LIICle _ ~_______ __ County, FlOrda, to wet: Lot 4, Block 4, GLIDDEN TERRACE, as Per Plat thereof on 3•~ file in Plat Book 7, Page 47, Public Records of St. Lucie County, Florida. THIS IS A SECOND MORTGAGE. RECTNEO f ~ • ~ ~ _ IN PAYMfi~tt OF TAXEa OUE QY CL~SS~i''E° P`''OI:AI PROaERTy, FUkSL'A11T TO iN.:?i~• 7i• 3, A+.TS f)F ilJ1. RUG:ii P•,.iT..AS CLERK CIRCWT COrATr ST. Ltli:lE CO. ~~'~ ` 1960 OEC -2 PN 12 OS S~~LUCIE CO1111Y.ilA. - R06ER POITRAS CLERK CKtCWT COIIPT ~SECORD~'EAIfIE(--___ - --•-- SU8991 (hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the t+tJe to the Mortgaged Property and wrrl defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that +f Wlllie and Bessie Broadneax ,the Makerls) of that (Insert Namelsll Cer tarn promissory note dated the date hereof (the Notel, thelr hers, legal representatives or assigns shall pay to Mortgagee the pnnupal sum of $ 2.549.14 as evdenced by the Note, with interest and upon the termsasprovded therein, the final maturity date of the Note and of this Mortgage being ~8~8X 1"IaY 28 , 19 82 ,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 des+gnate in wr+t+ng, and that each maker and endorser agree to pay all costs of collection, includ+ng a reasonable at[orney's fee, upon default in the payment of the Note, and that i( default be made in the payment of any installment thereurxler and that +f wch default is not made good in accordance with the terms of the Note, that the entire principal win aid accrued, earrxd +nterest shall become due and payable without notice at the option of the holder thereof; and shall perform and comply with each and every st+pulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shalt be vod, otherwise the same shall remain +n full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on sad property: to carry insurance against f+re on the build+ng on said land fnr not less than S Il~a ,approved by the Mortgagee, w+th standard mortgage loss clause payable to Mortgagee, the pol+cy to be hekl by the Mortgagee arxs to keep the bu+lding on sad land in propM repair. Th+s Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are oblgatory or to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 years from the date hereol, to the same extent as rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any time the maximum principal amount of $ _ n~a plus interest, and any disbursements made for the payment of taxes, levies, or inwrance, 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 otherw+se, may be made either prior to or after the due date of the Note or any other notes secured by this Mortgage. This Mortgage +s g+ven for the specit+c purpose of securing any and all indebtedness by the Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum prmupal amount set forth m this paragraph) in whatever manner this irxlebtedness may be ev+denced or represented, urt+l this Mortgage is satisfied of record. All cove- nants and agreements contained rn this Mortgage shall be appl+cable to all further advances made by Mortgagee to Maker under this future advance clause. Should any of the above covenants be broken then the Note and ail mon?ys securers hereby shall, without demarxs, it the Mortgagee, so elect, at once become due and payable and th+s mortgage may be foreclosed, and all costs anct expenses of collection and reasonable attorneys' fees, including costs, expenses and reasonable attorneys' tees on appeal, rt collected by legal proceedings or through an attorney at law, shail be pad by the Maker, and the same are hereby secured. IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. Sgned, sealed and delivered in our presence: '~~ / / lG C~~''GC 1sGCts t/ ~~~ ISEALI /- ~MortgagRorl Willie Broadneax _~L" ~~S' IF. ,` D ~ y ISEALI (Mortgagor-BfaSSle BrOa eaX r STATE OF Florida COON;\~~: ;~ rk::r; :~...- ~ ~.;. St. Lucie ;'•~4,H~R~BY~Rrj11`.Y, that on this day, before me, an officer duty autfiorired in the State aforesaid and in the County aforesad til.talte ack0Aw1A0groH(tts, personally appParedW1111E & BeSSle Broadneax to me known to be the person described F, .:ijn'~ht{ w~{O tptecytgd t~ 3oreyo+ng instrument and they acknowledged bef r me that executed he same. ~ Y~11Tp m~r nd,~np of(fcral seat in the County and State last aforesaid this day of ~•~ "L- , NCO-, ~ ! .\ ~~ •:f r• 1• `{,4 .~• ~~ ~ •~ • ~ Notary Pubbc • My Commission Erpves:NOT,~r p~1~ STA1F Jf - Mr c EtORi6/i 7lT A c~ OMI-{ISSION EXDIRES SEPT , U~! ~ F;o, a-ooo-~ Rt,-. sin B~K~`t PdCf a~.ey 10`''~o rrutu c,~n+Exal 1 rvs , f . ~ .tp,a.~ ~.n.' ,