HomeMy WebLinkAbout1338DIRECT HOME IMPROVEMENT ~
M~RTGAGE 8~ - ~ 3~ 8S ~
1viTH FUTURE AOVANCE 513112 /
THIS MORTGAGE. ~nade th~s _ 7th ;iay ol -------'7~uar~7 - - - - . . A D., 19 81_ -- . betv-een
~ Lawrence Johnson and Margaret Johnson, hiS,wlf~ _. ~~~o~~y~~~~ ~~
Sun Bank of St. Lucie County, Ft. Pierce _ ~ti~~~~
-- ----------- ------- - y39rr1.
IName ol Sun Bank1
WITNESSETH, that Moityagor, lo~ a~xl ~u ~ons~driaUOn o} !he p~em~ses antl ~n o~ue~ to secwe Ihe payment of 1he prmapal an[1
~ntrrrst on the note las he~e~nalter del~~ed1, Mo~tyayor he~et~y y~ams, dss~gns Udnsters and mo~tgayes w Afo~tgagev, ~ts successors and
ass~qns lo~ever, the follo~v~ng descr~rd reai property ~n St. Lucie ________ __ c~u,,,~. F~o~xfa, to ~wt:
Lot 9, Block 3, of PROGltESS PA1tK, ZWO, a subdivision ~1•NO
in the City of Fort Pierce, Florida, according to a
plat thereof recorded in Plat Book 12, page 16, of the
public records of St. Lucie County, Florida.
~~ ~ THIS IS A SECOND MORTGAGE
~~~' 1981 J4ti I 2 Pf~+ ~~2
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--- ~ RELfIYE~ S ~3.17 {N PAYh:ENT Qf TAXf3 • SI.IUCIE CtUHjY.FIA.
, G0: 0!1 CIR=S 'C' tNTl.':S'2lE Pir;S::::~! P'9: EwTY. ROGE R P01 i RAS
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, PUkSJl1NT TO ~Hlu'T[: 71-• y. ^,~
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` 513112
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(here~natter reterred to as the Mortgaged Propertyl, and the Mortgagor does hereby tully wa~ran~ the nNe to the Mo~tgag~xl Property
and w~il defend the same agamst ihe Iawiul cla~ms of all persons whctmsoever.
PROVIDED ALWAYS, that ~t ~~rence dlld Margaret Johnson , the Makerls) ot that
(Insert Namels)I
certa~n prom~ssory note dated the date hcreof (the Notei, their ~,~s, legal representat~ves or ass~gns shall pay to Mortgagee
11,583.57
the pnnupa~ sum of $ as ev~denceti by the Note, w~th ~nterest and upon,the terms as prov~ded there~n, the hnal
maiur~ty date oi the No~e ar,d of th~s Mortgage he~ng January 6 , ~g91 , wh~ch•Noie prov~des thai
ait ~nstallments ot prmc~pal and inierest are payable at the off~ce oi Mo~tgagee, or at wch other place as the holder may des~gnate ~n
wr~t~ng, a7x1 that each maker and endo~ser agree to pay all costsoi collect~on, ~nctuding a reasonable attorney's fee, upon default ~n tAe ,
payment of the Note, and ihat if defau~t be made ~n the payment of any ~nstafiment ther~under and that ~i wch default is not made
good ~n xcordance w~th the terms o~ the Note, that the ent~re pr ~nupal wm anef accrued, earned ~nterest shall become due and payable
without notice at the option of the holder thereof; and shall pertorm and comply rv~th each and every st~pulat~on, aqreement and cov-
enant of the Note and of this Mortgage, then th~s Mo~tgage and the estate hereby created shall be void, otherw~se the same shall rema~n
~n full (orce. Maker covenants to pay the ~nterest and pr~nc~pal promptly when due. Mortgagor covenants to pay the taxes and assess•'
ments on sa~d property; to carry ~nsurance aga~nst (ue on the bu~id~ng on sauf land for not less ~han S n~a , approved
by the Mortgagee, w~th standard morigage loss clause payable to Mortga9ee, the pol~cy to be hcld by thP Mortgayee and to keep the -
bu~td~ng on sa~d larxi ~n propw ~epa~r. '
This Mortga9e s~ali secure not o~ly ex~zt~ng ~ndebtedness, but ai;o wch future acfvancez, ::hether such advances are d~lgatory o~
to be ~nade at the opt~on o( Mortgagee, or othe~w~se, as are macfe w~th~n ~wenty 120) years from the date hereo~, to the same extent as
~f wch fut~ire advances were made on the date ot the execuUOn o( th~s Mortgage, but such sewred mdebteclness sha11 not excPed at any
ume the maximum p~~nupal amount ot S ~~a pius interest, and any d~sbursements macle for the paymeM
of taxes, feviei, or ~nsurance, on ihe Mortgaged Property, w~th ~nterest on wch d~sbursements A~y such (uture advancez, whether
oblgatory or to be made at the opt~on of the Mortgagee, or utherw~se, may be macfe e~ther pnor to or after the due date of the Note or
any othzr notes secured by ih~s Mortgage. This Mor*gage ~s gwen for the zpeuhc purpose ol secunng any and au ~ndebtecfness by the
Maker to Mortgagee (but in no event shall the secured ~ndebtedness exceecl at any t~me the maz~mum pr~nc~pal amount set torth ~n th~s .
paragraph) m wbatever manner th~s ~nciebtedness may be ev~denced or represen~ed, unut ih~s Mortgage ~s sahst~ed of .ecord. All cove-
nants and ag.eements conta~ned ~n th~s Alortgage shalt be appl~cable to all further advances mad~ by Mo~tgagee to Maker under thn
future advance clause.
Sfiould any of the above covenantz be broken then the Note and all moneys secured hereby shatl, w~thout demarxi, ~1 the
Mortgagee, so :1ett, at once become due anef payab~e and thrs mortgage may be foreclosecl, anci all casts ancl e~pe~ses 4f ~flllect~on and
reasonab~e attorneys' iees, ~nclud~ng costs, expenses and reasonable attorneys' ~ees on appeal, ~i collected by Iegal proceed~ngs or
through an attorney at law, shalt be pa~d by the Maker, ancl the same are hereby secu~ed.
~IN WITNESS WHEREOF, !he R1ort~ago+ has executed this Mortgaye as oi the date f~rst above set ~o.th.
S~gned, sealed and dei~ver~d
in our pr e:
r,~a,~cd.~ c~ 'ox do
_ ISEAL)
Mprt
G,~~ • ' _ fSEALI
/~ (Mortqa I
STATE OF FIARIDA
COUNTY OF ST. LUCIE
1 HEREBY CERTIFY, thot on th~s day, before me, an ofi~cer duly author~red ~n the State aforesa~d and ~n the County atoresa~d
to E~ke acknowled menti, per ~ ~ I.awrence and Margaret Jo}~,,~
g {Q~MIII~ ~1A~~d. ~ "ttf'r~S~known to be tAe perspn descnbed
~~ and who executed the (O ~egOin~ ~ns ~Ma[ri ~~ they acknowledg?d before me that they executed the same.
, ~ -
WITNESS my hand~aw~otl~C~i~al m{ti~~Cou~ty and Srate atoresa~d th~s 7th day of January
~ . AD.19 81 ~.~ ? ~ -% .
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