HomeMy WebLinkAbout2204DIRECT HOME IMPROVEMENT MORTGAGE 5~-4160 ~ ~ " ~3~ ~3/ ~,
WITH FUTURE ADVANCE
THIS MORTGAGE, made u,rS Fifth~_ ray of _______-D@C@Itlber ____.____.__ A.O., t9 80__ , hetween
_ Dan Pressleyand Bernice Pressle_y_L_his wife_^_________ __ __ Ihlnrtgayurl ancf
_ Sun Sank of St._ Lucie County, Ft. - Pierce _ _ T ____ _ _ _ _._ ___ ____.__ __ _ (Mortyagrel:
INameo! Sun Bank!
WITNESSETH, that Mortgagor, for aril rn consrdeeauon of the premeses anti rn order to secure the paymtnt o) the pnncepal and
rnterest on the note las herernalter dehnerll, Mortgagor hereby grants. assrgns transfers and mortgages to Moetyagee, its successors and
assrgns forever, the lollowrng desurbed real property rn _ ___ $t• Lt1Cle _. County, FlorKfa, to wet:
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Lot 43 of SHERATON PLAZA, UNIT ONE, according to the
Plat thereof as recorded. in Plat Book 14, at-Page 32
of the Public Records of St. Lucie County, Florida.
THIS IS A SECOND MORTGAGE.
... - - RSr:~lY£0 s ~_ 0.3 ~ IN PA:'Yf-R CF TAXF~ IaO~ DEC I ~ ~ $: S6
r._ ~ Cl:~ C'f C:'.SZ 'C' tuTi''& St'_ P:""~"'L P~rEe2TYr FILEQ tAC NE~COHpFO
_ .. '`ii TJ t,~t~.?Tr:. 71- . t, x.:13 Ids 1971. S1 LUCIE CWuyjY f A
• f .:w P..I1:.15 ~ ~E~K C RCU1T 0U81
` ~ Gl•ni( G.:,.Ii1T Cu~:~T. ST. WylE CO. FIA.Q ~%~
sso~so
Ihereena(ter relerred to as the Mortgaged Prapertyl; and the Mortgagor does hereby fully warrant the tale to the Mortgaged Property
and wrrl defend the same against the lawful clams of all persons whomsoever. _
PROVIDED ALWAYS, that rf Dan and Bernice Pressley _ ,the Makerls) of that
[Insert Namelsll
certain promissory note dated the date hereof Ithe Notel, their hares, legal representateves or assrgns shall pay to Mortgagee
the prrncrpal sum of $ lU, 158.62 as evedenced by the Note, with rnterest and upon the terms as provided therein, the final
rrraturrty date ni the Note and of thn Mortgage beeng December 4 , fg 88 , whech Note provdes that
au installments of prmapal and interest are payable at the oifrce 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, rncludirsg a reasonable attorney's fee, upon default rn the
payment of the Note, and that ~i default be made en the payment of any rnsiallment thereunder and that rt wch default rs not made
good in accordance with the terms of the Note, that the entree pr rncipal win and accrued, earned. rnterest shall become due aril payable
wehout notice at the option of the holder thereof: and shall perform and comply with each and every stepulatron, agreement and cov-
enant of the Note and of ihrs Mortgage, then this Mortgage and the estate hereby created shall be word, otherwrse 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 Sand property: to carry insurance agaenst free on the buridrng on card land fnr not less than $ n~a ,approved
by the Mortgagee, with standard mortgage toss clause payable to Mortgagee, the polecy to be held by the Mortgagee and to keep the
buridrng on card land m proper repair.
This Mortgage shall secure not only exrstrng rrxlebtedness, but also wch future advances, whether wch advances are ohligatory or
~ to be made at the optron of Mortgagee, or otherwrse, as are made wethrn twenty 1201 years from the dase hereof, to the same extent as
~, rf wch future advances were merle on the date of the execution of flies Mortgage, but such secured endebtedness strait not exceed at any
"- 7i trine the maxrmum pnnupal amount of $ n/a plus rnterest, and any disbursements made for the payment
J r~ of taxes, levees, cr mwrance, on the Mortgaged Property, wrih interest on wch disbursements. Any wch future advances, whetfrer
- obtgatory or to be made at the optron of the Mortgagee, or otherwrse, may be made eether prior to or alter the due date of the Note or
~~ any athe. notes secured by flies Mortgage. Thrs Mortgage is green for the SpeCrlrC purpose of securing any and all rrulebtedness by the
,.~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any trine the maxrmum pnnupal amount set forth in flies
- 7'
- a; paragraph) rn whatever manner flies rrxlebterlness may be evidenced or represented, unt,l flies Mortgage n satrsfred of record. Atl cove-
Hants and agreements contained rn flies Mortgage shall be apptrcable to ail further advances matte by Mortgagee to Maker under ihrs
~j future advance clause.
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- .y,~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, wrthout demarxl, rf the
O~ Mortgagee, so elect, at once become due aril payable and flies mortgage may be foreclosed, a+d ail costs and expenses of coitectron anrf
~ reasonable attorneys' fees, rnctuding costs, expenses and reasonable attorneys fees on aPPrar, rf collected by legal proceedings or
.- =-. ~~ through an attorney at law, shall be yard by the Maker, and the same are hereby secured.
•. Cris
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IN WITNESS WHEREOF, the Mortgagor has executed ihrs Mortgage as of the date hest above set forth
Sg:ied, sealed and levered
in our presence
STATE OF FLORIDA
COUNTY OF ST. LUCIE
LI
1 HEREBY CERTIFY, that on flies day, before rne, an officer duly autlionaed m the State atoresard arxf rn the County aforesaid
to take acknowied menu, personal) rted '~ and Bernice Pressley
• 9 Y aPPr!a~ r to me known to be the perwn described
+ ~.. ~
in and who executed the foregoing rnstttt and they acknowledged before me that they executed the same.
-, .
WITNESS my hand and official seal rn the County fi~td State last fore rd~hrs 5th day of _ December -
A'O., 19 ~[L . f
rl~ • ~ NOtar Public
i 600K~~~ vacE~V~J ~'` ~ MY Commrssr~~rA~K STATE or AT t~
Mr cortli~+-ISS1oN fi1VIRB wu-r . is ~9ei
4.6014-000-7 Rev. 8/77 - '-?!~tw K A rL`i0 fHRU Gf1~Ml INS. UNrEtMlE11Ei~
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(SEAL)
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