HomeMy WebLinkAbout1449DIRECT HOME IMPROVEMENT
WITH FUTURE: ADVANCE
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MORTGAGE C '~~
509E,g~
TH15 MORT AGE, made thr 4th clay of ~ ~C' A.O., 19
James 1~. Copeland an Mary E. Copeland, his wife
m ~n n ssr~a nsutsfv --
80 ,between'
(Mortgayorl and
(Mortgageel:
(Name of $un 8ank1
WITNESSETH, that Mortgagor, for artcf rn consideration of the premises and rn order to secure the payment of the principal and
rnterest on the rsote las hereinafter detrnttdl, Mortgagor hereby grants, asst ns translers and mortgages to Mortgagee, its successors and
assrgns•lorever, the followtrt9 described real property rn St. ~.ucle County, Fbrrda, to wit:
Lot 9, Block 89, Indian River Estates, Unit Nine,
as recorded in Plat Book 10, Page 74 of the Public
Florida.
'THIS IS A SECOND MORTGAGE.
X80 ~C -9 TIM ~ 56
F~ rilEC fECOROEO
S~~GER p0 TRASa.
CLERK CIRCINT CCl-RT Q
RE60R0 \'ERIF7fC _g'- ~"T--
509686
according to the Plat thereof
Records of St. Lucie County,
Rf!:f:IVEQ T~ 111 -AYflEIR tli TA>~f
CUF OV CUTS 'C' 19T"•;C 4! E P++Sr11:71 E"lIOPERIY,
FUS.,',Jt11Ei TJ k .: f 71- 4. A:TS Of 1~7~j
ctuac aulpT E:ORitT, sL u1crE a. .
(hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and wrd detertd the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that rf JameS W. and Mary E. Copeland, hls Wlfe ,the Makerls) of that
(Insert Namelsl-
certain promissory note dated the date hereof (the Notel, thelr hens, legal representatives or assigns shall pay-to Mortgagee
the principal sum of $ 5314.33 as evidenced by the Note, with rnterest and upon the terms as provided thereto, the final
maturity date of the Note and of this Mortgage being December 3 _ , 19 85 ,which Note provides that
all installments of pnnupal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate rn
writing, and that each maker and endorser agree to pay all costs of collection, rnclttdrng a reasort~tle attorney's fee, upon default in the
payment of the Note, and that if default be made rn the payment of any installment thereunder and that rf wch default is not made
good to accordance with the terms of the Note, that the entire principal win artd accrued, earned rnterest shat) become due aril payable
without notice at the option of the holder thereof; and shall perform and comply with each and every sttpulatan, agreement and cov
enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shalt rte void, otherwise the same shall remain
in full force. Maker covenants to pay the rnterest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
ments on said property: to carry insurance against rue on the tturlding on said land for not less than S n/a ,approved
by the Mortgagee, weth standard mortgage loss clause payable to Mortyagee, the policy t0 be held by the Mortgagee and to keep the
burklrrtg on said laird to proper repair.
This Mortgage shalt secure not only exrsung rnrfebtedness, 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 120! 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 shall not exceed at any
time the maximum principal amount of S _ n~a plus rnterest, and any disbursements made for the payment
of taxes, levies, or insurance, on the Mortgaged Property, with rnterest on wch drsbursemenls- Any wch future advances, whether
obligatory 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
any other notes secured by this Mortgage. This Mortgage rs given for the specific purpose of secunng any and all rrxfebtedness by the
Maker to Mortgagee (but rn n0 event shall the secured indebtedness exceed at any time the maximum pnnupal amount set forth in this
paragraph) rn whatever manner this rndebtedneSS may be evidenced or represented, until this Mortyage rs Satisfied of record. All cove-
nants and agreements contained rn this Mortgage shall !te applicable to all further advances made by Mortgagee to Maker under this
future advance clause.
Shou:d any Of the above covenants rte broken then the Note and all moneys secured hereby ;hall, without demand, rf the
Mortgagee, so erect, at once become due and poyattle and this mortgage may be foreclosed, arxf all costs and expenses of roltectron and
reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, d cohected by legal proceedings or
through an attorney at law, shall tw paid by the !Acker, and the same are hereby secured.
IN WITNESS WHEREOF, the Mortga-3or has executed thn Mortgage as of thr date fast attove set forth.
__ ISEAI)
(Mort gor) ~ .
_____-_-_ ISEAU
ortyagorl
COUNTY OF St • Ll1Cle
1 HEREBY CERTIFY, that on this day, before me, an officer duty authorrred rn the State aforesaid and rn the County aforesaid
to take acknowtedyments, personally attpeared~.Ja111eS W. and Mary E. COpelar>t~ me known to be the person described
~-~+•• •°• ~• theV the
.n and who executed the fort~njts~rrtten4r~rpti ,. 1 acknowledged before me that _ y_ executed the same.
117 )`rr~
WITf~fjfjS my hand arid' ZyySeell'IntJ~e,>l;Obpty and State last afo rd this 4th day of Dec • ,
' •. •
aooa344 Pec~~449 '~ -- •v°~1~_` r :~ ~ • NoTar ubfrc
~~s :~• r" tL ? My Commission Ex nes
- ~+ V 8 ~~ ~i. "_ ..-~;ray c:n~ fr cr~TC Cr FtC~.1~r. AT LAECiE
46014-000-7 Rev. 8/77 ',~C.~`~ ;:.~..••~.`~~yt= f:;i CV:a.+I5510N EhFli~i ,.,,~„( Ll 1YD4 1..,
..'ii~,~/1pr ~11. s~ _ ._'.J IruiJ ~atl.EtliLL Iti~, .. ....... ~ ... f.
STATE OF Florlda 1