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Home My WebLink About1216~ 8'~-f~3~ P?/ DiRECT NOME IMPROVEMENT MORTGAGE S~4~Q ~viTH FUTURE AOVANCE ~ i THIS MORTGAGE, macle ~n~s __ 22nd _~w~ ~~ ^__ January _____ _ A p ~g Sl , betwrrn Willie Paulhill and Frances Paulhill, his wife____ _._____,__ _~M~,~ya~o,- „~n Sun Bank of St,__~ucie Caunty, F~_ Pierce ------ -------- I~Ao~tyagrr). INameof Sun Banki WITNESSETH, tha~ Mo~igayor, to~ a~x1 m cons~de~at~on o( the prem~ses and ~n o~de~ to srcure the payrnent of the pr~nupa~ arx! mterrst on the no~e las hrra,naRer del~nedl, Mo~tgayo~ heiel~y 9ranti, ass:gns tra~sle~s ~nd mortyages to A1o~tgayee, ~ts successo•sarxl ass~gos loreve~, fhe follow~ng descr~Y~Qd ~ea1 p~op~~ty ~~ St. LL1C1Q ___~___^_`___ Cou~~ty, FlorKia, to w~t: g. as Lot 5, Block 23, SUNNY ACRES SUBDIVISION as per plat thereof recorded in Plat Book 8, page 25 of the public records of St. Lucie County, Florida. '` THIS IS A SECOND MOR'I`GAGE. cv ~ ~~ ; ~ ; ~ . Rt"f1YE0 s /0• S~I IN ~AttNENT Of TAXE= CU: C.i CL~~S 'C INTR.4S:BlE P~RS;~NAL rA0PERIY~ ~ .. r-u:.~~:,~r To c~rr~~ n-:=a, ,~cTS oF nn ~81 Ja~~ 26 t~; ~I~ 01 + R~GER P41TfiAS ~.~' _ CLCRK qAtl{iT COeiIT. =T. W~:IE 1~. F1~ FIIEf ehr Ls C~rt~l: D Si.LUCfE CCUYiY.F~ A. ' RCGER f'OITR.15 i CLERX Cl~i!~!? C^~rR' ! pE °f;ni ~'=: i , . _ ~14860 (here~naiter referred to as the Mortgaged Propertyl, arx! the Mortgagor does hereby tully wanant the t~tle to the Mortgagrcf Property ` and w~~f defend the same aga~nst ihe lawtul cfaims of all perspns whomsoever. •- PROVi0E0 A~WAYS, that ~f ~'~11111e alld Frances P~ulhill , the Makerls) of that " (Inse~t Nameisl) certain prom~sso-y note dated the date hereot (the Note) their he~rs, ~egat representat~ves or ass~gns shall pay ta Mortgagee the prinapai sum of 5 S ~435.97 as ev~de~ced by the Note, wnh ~~te~est and upon the terms as orov~ded there~n, the (~na1 maturfty date oi the Note and of th~s Mortgage be~ng JaIIUd~J 21 , 1g8~_ , whrch Note prov~des that all ~nstallments oi pr,nc~pal and ~nterest a.e payabte at the offKe oi Mortgagee, or at wch other pi~e as the hoider may des~gnate ~n vwrt~ng, and that each maker and erxlorser agree to pay all costs o( coliect~on, ,ncludmg a reasonable attorney's Fee, upon defautt m the payment oi the Note, and that 1f ~efault be made ~n the payment ot any ~nstaliment thereunder and that ~f wch detault K not made good m accordance with the terms oi the Note, that the ent~re pr~nc~pal wm and accrued, earned ~nterese shail becnme due and payable w~thout ~ot+ce at the optron of the hotder thereof; and shall perform and comply w~th each and every st~pulat~on, ag~eement and cov- enant of the Note and ot th~s Mortgage, the~ th~s Mortgage and the estate hereby created shall be vo~d, otherw~se the same shall rema~~ m tull force. Maker covenants to pay the interest and pnnapai promptly when due. Mortgagor covenants to pay tAe taxes and assess- ments on saed property; to carry ~nsura~ce aga~nst fire on the bu~tdmg on sa~d tand (or not less than S B~s3 , approved by the Mortgagee, w~th standard mortgage loss Nause payab~e to Mortgagee, the pohcy to ue hekf by the,Mortgagee aocl to keep the bu~Id~ng on sa~d land in proper repa~r. Thn Mortgage shall secure not oniy e~~sung ~ndebtedness, but aiso wch future advances, whethe. wch advances are obl~tory or to be made at the opt~on oi Mortgagee, or otherw~se, as are made w~th~n twenty 1201 years from the date hereot, to the same extent as ~~ wch fuwre advances were made on the date of the execut~on of th~s Mortgage, but such ser_ured ~ndebtedness shan not exceed at any Ume the max~mum pn~c~pal arr.punt oi S n~a plus ~nterest, and any disbwsements made for the payme~t ot taxes, lev~es, or ~~wrance, on the Mortgaged Property, w~th ~~terest on wch d~sbur~ments. Any wch (u~ure advances, whether oblgatory o- to be made at ihe opt~on ot the Martgagee, or otherw~se, may be made e~the- pnur to or afte~ the due date o( the Note or any other notes Setured by th~s Moriqage. Thrs Mortgage rs g~ven for the speC~f~C pu~pose o! secunng any and all ~ndebteclness by the Maker to Mo~tgagee (but ~n no eve~t sha~~ the secured i~debtedness exceed at any t~me the maz~mum pr,nc~pal amount set torth in this paraqraph) ~n whatever manner th~s ~ndebteclness may be ev~denced or represented, until ~h~s Mortuage ~s sat~sf~ed o~ record. Atl cove- nants and agreements conta~ned ~n th~s Mort9age sha11 be appl~cable to alt furtAer advances made by Mo~tgagee fo Makei under th~s iuture advance clause. Shoutd a~y of she above covenants be b~oken then rhe NotP and ail moneys secur~d hereby shall, w~thout demand, ~t the Mortgagee, w etect, at once become due a~xf payable and th~s morigage may be toredosecf, arxf aU costs and expenses oF coltect~on and reason~ble atiorneys' 1e¢s, ~nclud~ng costs, expenses and reasonable attorneys" tees o~ appeai, ~f collec~ed Ay legal proceed~nqs or through an attorney at larv, shall be pa~d by tAe Maker, arxf the same are he~eby secu~oci. IN WITNESS WHEREOF, the Mortga9or ha: rxecutecf th~s Mortgage as of the date first above set forth $gn~. sealed ar~d deirvered ~n our presen l ~ ~ c~ _ u ~~~ • ,!/ : ~ . ~~; ' ~,/~.t-C-~~ STATE OF FLORIDA 1 i COUNTY OF ST. LUCIE ~ ~ t- ' . I HEREBY CERTIFY, that on th~s day. befo ~~ ~sr~ti~ to take acknowledgmen~s, perspna-ly appPar~ ~~ • '~~ . - ~~ and who execuced the (o~eyo~rtg .nsvumenfianQ ~ . ..l ~ V WITNESS my haM ancf o~hual seal ~~ thQ - an6'$tare la A D., 19 81 ~t ~. ,f•. S 6014-OOp~7 Rev. 8/77 . `sy~ z ~_.':~ .,..: .,._ -, .. ._ .. _ ~ ' ISEALi / ` (~' C/'~" r) ^ tSEAU I Mo~ t ga~or - du(y.author~red ~n the State a~oresa~d and m ~he County afo~esa~d ~8 Paulhill to me known to ~e the person descnbed : ~~,~'{Cknowtedged before me that thev _ ezecuted the same. ti'~ _ ~ ~ ~'ato~esaid th~s ?~ day oi J~~ , . i i ~ ._.. 7 d`,~~'•. •' '• ` ^ ', t/~~. -~N~-Fs-y Qobhc ~~ /~~IC STAiE Of IDA AT L/-R~ '~' "='7~" I4-y Comm~szan Exp~tOMMISS~ON fXP A7R _~3 1982 so~~ii 347 PaGE i~Z~ +oNO~ n.u c~u +NS .~:Y. ~~. ~s F .e. ~~..e nn~ ~ y"~ ~ ~ . -' ~t : ; `.~. ~ .4 ' ~"w_°z ~s ~°. ~~d _` .~~