HomeMy WebLinkAbout1215OiRECT HOME IMPROVEMENT MORTGAGE ~~j~Q ~~ _~ ~ ~a~ ~
NiTN FUTURE AOVANCE ~'~~z~.~VV ~~
THIS MORTGAGE, macfe th~s __ zOt}l ~~Y ~,~ ___AJanuary _______ ~ 81 _
. A U . 19 _ . l~etwrrn
~ Carl W. Hutchcraft and Alice F. Hutchcraft, his wife_____ _ i~~o,~9a~o,i „~
Sun Bank of St. Lucie County, Ft. Pierce______ _____ ___ ______ ~Mo,,~y~~:
- - ------------ (Name ot Sun Bank1
WITNESSETH, that Mo~tgayor, (o~ a~~c1 ~n tons~derat~on oi the prem~ses anci ~n o~de~ to secw~ Ihe {~ayment of the pnnc~~wl a~xf
~nterest on the note i~s here~natter de~~ned1, Moityayo~ hr~eby yrants, ass~gns t~ansfe~s a~at mo~tgages to Aio~tyayee, ds suctesso~s and
ass~gns forevei, the Io1low~ng drsu~ed ~eal p~opr~ty ~n St. LIICl@ __^__ . _._._ Cow~ty, Flor~cia, ro w~t:
Lot 35, Block•46, INDIAN RIVER ESTATES, [INIT 7, . i~'~~
according to the plat thereof as recorded in .
Plat Book 10, Page_75, Public Records of St. Lucie
County, Florida.
THIS IS A SECOND MOR'PGAGE
' ~ 1981 JAN 26 A~; il~ 00
c•~ it£'~411tf0 i/ g• $~• IN M`~!l~KT Of TAXEt ,
'" DU. OV CL~Si 'C N~TA:if.3tf Pc~::.~•:rL PFS"rE-tTY. ,
FI.EO ttiC Ff CG~+it! U
__ PO:w~ TO ~p;.pTiz 71-:`~. l.~iS Cf 1s71. ST.LtItIE COUY!Y.ft .'..
;~„~ p~~T;~; ROG~R POITRAS
ClEfq( qAGUR CG~AT. Si. lU..iE t0. FLA~~- C_ERK CIRC~1! ~^;;R;n
. . . ?l rn~:~~ . . . . . ~~'
~ ~ . 514859
~ (here~nalcer ~eferred to as the Mortgaged Propevtyl; and the Mortgagor does herrby tu:ly warrant the trtte to the Mortgagr.~c1 Proper~y
and w~il defend the same aga~nst the tawiul cla~ms ot atl persons whomsoever. ~
' PROVIDED ALWAYS, that ~r Carl W, and Alice F. HutChCraft __ , tne Makerlsl oi that
_ [Insert Name1s11
certa~n prom~ssory note dated the date hereot (the Notel, their ~,rz, iegal rep~ese~tat~ves or ass~gns zhall pay to Mortgagee
the pr~nc~pal sum of $ 9, 431.9fi ~~,denced by the Note, w~th ~~terest and upon the terms as p~ov~ded there~n, the f~nal
matunry date ot the Note and o( this Mortgage be~ng January 19 ,~g91 , wh~ch Note prov~des that
a11 ~nstallments ot pnnupal and interest are payable at ihe otf~ce oi Mortgagee, or at wch other place as -he holder may des~gnate ~o
wr~Ung, and that each maker and endorser ag~ee to pay all costs of collecUOn, ~nclud~ng a reasonabie anoroey's ~ee, upon default m the
payment oi the Note, and that ~i de{ault be made ~n the paymen! of any ms~aliment thereunder and thai ~t wch detauli K not made
goocl m attordance wrth the terms of the Note, that the eMae pr mupal wm and accrued, earned mterest sha!t become due and payable
w~thout not~ce a[ the op~~on of the holder thereoi; and shall perform and comply w~th each and every st~pulat~on, agreeme~t and cov-
enant of the Note and oi th~s Mortgage, then th~s Mortgage and the estate he.eby created shali be vo~d, othe.w~se the same shall sema~n
~n full torce. Maker covena~ts to pay the :nterest and pnnc~pal promptly when due. Mortgagor covenants to pay the taxes and assess-
.ments on sa~d property; to carry ~nu~rance a9a~nst fue on the bu~lding on sa~d land tor not less than 5 n/a , approved
by the Mortgagee, w~th standard mortgage loss c~ause payable to Mo~tgagee, the poi~cy to be held by ihe Mortgagee arxl to keep the
bu~ld~ng on sa~d tand ~n proper repau.
Th~s Mortgage shall secu.e not on!y ex~st~ng ~ndebtedness, but also wch tuture advances, whether such advances arP obligatory or
>~ to be made at the opt~on of Mortgagee, or othe~w~se, as are macie wrth~n twenty 120) Years from the date hereot, to the same eztent as
~ ~f wch tuture advances were made on the date oi the execut~on o~ th~s Mortgage, but such secu~ed ~ndebtedness shall not ezceecl at any
t~me the maximum pn~c:pal arr.ouM of S n~a plus mte~est, and any disbursements made for the payment
-_ J of taxes, lev~es, or ~~surance, on the Mortga9e.d Property, w~th interest an wch d~sburzements. Any wth future advances, whether
~ obigatory or to be made at the option of the Mortgagee, or otherw~se, may be made e~ther pnor to or atter the due date of the Note or
\~ any other no[es secur¢d by th~s Mortgage. Th~s Mortgage ~s grven (or the speut~c purpose of secunng any and aU indebtedness by the
- hlaker to Mortgagee Ibut ~n no ev~nt shatl the secured ~ndebtedness exceed ai any tune the max~mum prmupai amount set forth m th~s
'a peragraph) m whatever manner th~s ~ndebtedness may be ev~denced or represented. um~l th~s Mortgage ~z saUSl~ed ol retord. A~I cove-
- nants and agreements conta~ned ~n th~s M~rtgage shalt be appt~cable to ai! fu~ther advancas made by Mortgage~ t6 Maker urxfer th~s
-' future advanCe ciause.
. - U',
~'" Should any ot the above cove~aMS be broken then the Note and all moneys secur~c) he~eby shall, without demancl, d the
~. hlo.tgagee, so elect, at once become-due arxf payab~e and th~s mortgage may bP forecloseel, and ali costs and expenses o` collection and
~ .easo~able attorneys' fees, ~nciudmg costs, expenses and reasonable attorneys" fees on appeal, ~t collected b/ legat proceed~ryqz or
-~ ;. throuqh an attorney at law, sha11 be pa~d by the Make:, arxl the same are hereby sewred.
~
-.: IN WITNESS WHEREOF, the Mortgaqor has executecf fh~s Mortgage as oi the date i~rsr above sef fo.th.
~
_ •r, .
: ~ - Sg~ed, seated detrverecf
m our prese e:
(SEAU
IM tgago~
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~. ~, . /jOO~~w1.,c/ --- ' _ ISEAL!
1 Mo. tgagor 1
.ti•. ~c<<~ '
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`;~','~ ~;'~~~~$x_ATE OF FIARIDA .
,~ ..,. ~/ i
~
. R ~ ~ •~ !~ •• CfylJNTY OF ST. LUCIE ~
,~ ~
' ~ t/ f'; C! HEREBY CERTIFY, that o~ th~s dav. be~ore me, an o}ficer du~y author~red m the S+ate aforesad and m t•+e ~ounty aforesa~d
'~~ ~ '' Carl W. & Alice F, Hutchcr F*
tq take acknowiedgments, perspnatly appPa~ed ~A Tne known to be the person Aeur~bed
1 •, ' . .
~ , . m and who executed the forego~ng ~nstrument and they ~knowledged before me that they Px uted the same_
.. . WITNESS my hand a~1 o}f~c~af ceal ~n the County and State iast af sa~d h~s 20 ~ Janu __
. A.D.. 19 SL- ~
~Votary Publ~c ~ .
6~`~347 F~~1212 M~~~'~ SS.ONFx11RES APR 23T198 ~.~3~~-
a 60 t 4-000-7 Rev. 8/77 f.....,,,.......
~Qt~OED TFW GENER/LL INS . W~DER~'. J~
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