HomeMy WebLinkAbout2756DIRECT HOME IMPROVEMENT MORTGAGE ~~-~~~ ~ ~/
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wiTH FUTURE AOVANC6
THIS MORTGAGE, macle ~h~s ~.~1 ctav o~ Janu~rv ______ _. A.D., ~9 $1____ , t~r~wren
I.es~ie Rav Childs___ - ---------- ~ti~o~~yayo~i a~~a
Sun Bank of St. Lucie County~ Ft. Pierce __ __, ______ ___. __ ~Mo~~y~.~e-:
- 1Name oi Sun Bank)
WITNESSETH, Ihat Mortgayor, for anct ~n cOncide~at~on of the p~em~ses a~d .n order to secu+e the payment ot the p+~nc~pal arxl
~merest on the nole (as hereina~te~ dei~nedl, Mortyayor Aerel~v g~anis, ass~gns transfers aixl moitg.~ges w bio~tgagee, ussuCCrsso~sarxl
assi~ns forever, the ~oUOw~ng descr~be~J ~ea~ p~op~YtV ~~ St. Lucie County, fbrula, to w~t:
~s,~~
An undivided one-half interest in the following described property:
The West 5 feet of Lot 3 and all of Lot 2, LESS
the West 5 feet of Lot 2, Block 2, FAIRLAWN HOMES SUBDIVISION,
as per plat thereof on file in Plat Book 9, Page 10, of the
public records of St. I,ucie County, Florida.
THZS IS A SECOND MnRTGAGE.
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-' QUE OII CLAtt'C' IIRAMBEdIE PERSOHAt -ROPEIr1Y. ~CGE~R P~ITRAS
' ACiS Gf N71. CICF.K C;RCUIT CI'!~F'i D
' pU:15UAfti TO CMYTEIt 71-~:.~. n~ ~
~ RO~ER POITRAS .a, : ~''~~ :'. ~ 1'`'` ^ ~V
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(here~nafter reterred to as the Mo~tgaged Propcttyl; and the Mortgagor does hereby t~lly wanam the ~~tle to the Mortgagcd Property
. t and wiil defend the same aga~nst the lawfu~ cia~ms of all persons whomsoeve~.
_ , PROVIDED ALWAYS, that ~f LeS~16 RdV Ch11dS the Makerl:l of that
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certam promissory note dated the date h~reot ~the Note),_~11 S he~rs, ~e9a~ represemat~ves or au~gns shail pay to Mortgagee
the pnnapal sum of $ 10, 078• 31 as ewdenced.by the Note, w~th ~nterest a~d upon the terms as prowded the~ein, the (~nal
matur~[y date of the Note and of th~s Mo~tgage be~ng Januarv 12 lg 93 , wh~ch Note provKles tha[
ali a~stallme~ts ol pr~~c~pal and ~nterest are payabte at the olt~ce oi fdo~tgagee, or at wch other p1a~e as the holder may des~gnate in
wr~[~ng, and that each maker and endorser agree to pay aU costs oi collection, mcluding a reasonable attorney's fee, upon default in the
payment of the Note, and tt-at ~f default be made ~n ihe payment of a~y ~~stallment thereunder arxf that ~F wch default ~s not made
good in accordance with the terms of the Note, that the e~tire prinupat wm and accrued, ea~rnd inte~est sha-i become due and payable
w~thout not~ce at the op[~on oi the holder ihereoi; and shall perform and comply w~th Qach and every st~pula~an, agreemen[ and cov-
enant of the Note and oi this Mortgage, then th~s Mortgage and the estate hereby created shall be vo~d, othcrw~se the same shall rnma~n
~n full to~ce. Maker covenants to pay ihe ~n[erest ard p~~nc~pal promptly whe~ due. Mortgagor covenants to pay the taxes and assess-
nx~ts on sa~d property; to carry ~nsurance aga~nst fue on the bu~lding o~ a~d land 1c~r not tess than $~II~~ , approved
Dy the Mortgagee, w~th standard matgage !oss ctause payabte to Mortgagee, the pol~cy to be held by the Mortgagee and to keep the
busld~~g on sa~d larxi ~n p~opw repa~r.
Th~s Mortgage shalt secure not only ex~st~ng ~ndebtedness, but alyo wcA future advances, whether wch advancc-s a:e ob~gatory or
to be made at the option ot Mortgagee, or otherw~se, as are made w~thm lwenty (20) Years from the date hereo~, to the same extent as
~f wch future advances were made on the date of the execut~on oi th~s Mortgage, but wch secured ~ndebteclness sha11 not exceed at any
t~me the max~mum pr~nc~pal amount of S n~a plus ~nterest, and any d~sbu~sements made tor the Payme~t
of taxes, lev~es, or msurance, on the Mortga9ed Property, w~th mterest on v~ch d~sbursements. Any wch tuture advances, whether
oblgatory or to be made ai the opt~on of the Mottgagee, or othe~w~se, may be made e~ther pr~or to or atter the due date oi the Nore or
any other notes secured by th~s Mortgage. Th~s Mortgage n g~ven for the spec.~~c purpose of secur~ng any and all ~ndebted~esz by the
Maker to Mortgagee (b~t ~n no event-shall the secured ~ndebtedness exceed at any t~me the max~mum pr~nupal amount set forth ~n ih~s
parag~aph) in whatever ma~~er thss ~ndebtednesz may be evufenced or repr~eme~i, um~t th~s Mort9age ~s saushed of record. All.cove-
nants ar.ef agreements conta~ned ~n th~s Mo~tgaqe shall be appl~cable to a~~ turther advances ~nade by Mortgagee fo Maker under thn
future advance c:ause.
$hould any ol the above covena~ts be broken then the Note arxl a11 moneys securecf hereby shatl, withou! dema~xl, ~f ~he
Mortgagee, so etect, at once become dur arxf payab~e and th~s mortgage may be ~oreclosed, and ail costs and erpenses of coilPCt~on aRd
reasonable attorneys' fees, ~nclud~~g costs, expe~ses and reaso~able atSOrneys' ~ees on appeal, ~t coHec~ed by Veqa1 proteedn~95 or
th~ough an attorney at law, sha11 be pa~d by the Maker, and fhe same are hrreby secured_
IN WITNESS WHEREOF, the Mortgagor has rxecutecf thes Mongage asot theda~e h~si above se~ ~o~th_
$gned, sealed and de~~verecf
m our presente'
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C~Q,~~- ~ ~- ~~~~
• ~ !SEAL)
~ (Mor t9ag
~SEAL)
IMortya~o~ 1
STATE OF FLORIDA
COUNTY OF ST. LUC~~; ~• ~. ~
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1 HEREBY CERTIFIT~, that~on•thrs,da~, befpre me, an off~cer duly author~~ed ~n the State atoresad and ~n the County a~oresa~d
:o take acknowledgme4tr persp~~~W~e2-~ ~1+~ ~511e RB~( Eh1~~S to me known to be ihe person drscribed
m and who executed th! Po~~s ~t~~~~,t a~} he ' acknowledged beiore me thar he executed the same.
•-
WITNESS my handarx! o(t~~-seal ~ ihe ~:ouoty and State i a}oreso~d th~s 13th day of Januar~ ,
A.D., 19 81 . . t?. .~ ., ~. ~ 's Y ~/~--JC~~ /
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N ary Publ~t
~ Commnswn E~~~Y DUBL~C STeTE Cf fLORiDA A1 L/-R(~
MY COMlNISSION EXPIRFS OK 19 t983
g~~~~ PaGE2 (~~ 60NDiG TMRU GfNiRAI INS IIt~ERWRITERS
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4-6014-000-7 Rev. 8/7~
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