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DIRECT MOME IMPROVEMENT MORTGAGE 51~03 ~~~ ~~ ~ a~~
tti~TH FUTURE A~VANCE ~
TNIS MORTGAGE, made in~~ 2nd ~~ o~ February , A.p., t9 $~_ ,~tNNN/1
~ Aaron Richardson and Thelma Richardson, his wife __ __ iMo,~~o,~ a~a
~~n~ Bank _ o~$~ L{~ie Cotinty~ Ft. Pi~~ IMo~tga9rel:
(Nameol Sun Bank~
WITNESSETH, thal Mo~tyago~, to~ arxi ~n tons~dz~aUOn ot the prem~ses an[1 m oider to secure the payment ol the p~mupal and
~nterest on the ~ote (as hare~na~te~ def~~edl, Mortyagor hereby giants, assa9ns ~ranzle-s and mo~tgages tu Mo~tgagee, ~ts successors and
ass~gns forever, the (o1low~ng dascr~bed ~eai proprrty ~n St. Lucie Cp~nly, Fbr~da, to w~t:
Lot 6 of J. E. W. McCULLER•S SUBDNISION as per plat
thereof in Plat Book 4, at page 34 of the public records
of St. Lucie County, Florida. Said property lyinq
and being in Section 3, Township 3S, South, Range 40 East.
I THIS IS A SECOND MORTGAGE ~
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1'°
1981 FEB -4 A~ ~ 38 ~?.,~~~y~ S ~"~'/~ ,~ °~~~m~+nt ~tTnrqr
; ~. nn r.tsss "C :nt~r,~if::~. n.,.~.,.,~;: r--n.,p.
• - • FIL_~ RN[ ~t CONnE: , .. . .. • h.
- SI.IIlCtCCCUNTY.Ft.:. •-~.,t To Chap:~- 7i.'i a-:. . ~ -, -%' 'olt• .
RQGER !'OIiRdS ROGER P~; TRt~ ~ ~~
CIERi( CIe":f..'tt C,^' ~~T /~
~ ~~ ~'~«••ti Lucuit Court, St. Lucie, Cu., rtt,.
- V - :_ - ,, ,, ~. 515803 - -
-, (here~na(ter ~eterred to as the Matga~ed Propertyl; arxl the Mortgagor does hereby (u~ly wa~rant the t~t1e to the Mortgaged Prope~ty
f and w~il defend the same agamst the lawful clauns ot all perions whomsoe~ier_
, '• PROVIDED ALwAVS, ihat if Aaron Richardson and Thelma Richardson , the Maker~sl of that
- ' _ (~~se.t Name1s11
certain promissory note dated the date bereoi (the Note), their he~rs, legal representauves or ass~gns shall pay to Mortgagee
) the pnncipal sum of s 11 ~095_ 84 ~~;~nced by the Note, w~th interest and upon the terms as prov~ded there~n, the f~nal
;~'~ maturny date of the Note and oi this Mortgage be~ng F~~arv ~ , ~9 93 , which Note prov~des that
. all instaltments ot principal and interest are payable at the oft~ce oi Mort9agee, or at wch other place as the holder may des~9nate ~n
.~ wrrt~ng, and that each maker and endorser agree to pay all cosis of collection, mclud~ng a reasonable attorney's tee, upon delault m the
- . payment o( the Note, and that ~f default be made in the payment of any installment thereurxfer and that if wch default n not made
_~ good in accordance wifh the terms ot the Note, that the entire prmcipal wm and acc~ued, earncd ~nterest shall become ifue aod payable
. wrthout not~ce at the option ot the holder tF-ereof; and shall pertorm and compty with each and every st~pulatan, agreement arxf cow
enane of the Note and ot this Mortgage, then th~s Mortgage ard the estate hereby created shall be vo~d, otherw~se the same shall rema~n
In full (orce. Maker covena~ts to pay the interest and pnnc~pal promptly when due. Mortgagor covenants to pay the taxes~a~d assess-
- ments on said property; to carry insurence aga~nst (ae on the bu~ldmg on sad land (or not less than S ~ . apWOVed
by the Mortgagee, w~th stardard mortgage bss clause payable to Mortgagee, the pol~cy to be hekl by the Mortgeqee and to keep the
. bu~ld~ng on sa~d land in proper repa~r.
Th~s Mortgage shall secure not oNy ex~stmg ~ndebtedness, but afso wch future advances, whethe• wch advances are oblgatory or
to be made at the opt~on of Mortgagee, or otheiw~se, as are made w~th~n twenty (20) years from the date hereof, to the same extent as
~, ~t wch future advances were made on the date of the execut~on of th~s Mortgage, but wch zecured ~ndeb~edness shall .wt exceed at any
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_ G'~ nme the max~mum pnnC~pal. arnount of S (1~ plus ~nterest, and any d~sbursements made for ihe payment
- ~~ ot taxes, lev~es, or msurance, on the Mortgaged Property, w~th ~nterest on wch disbu+sements. A~y wch (uture advarx.es, whether
~ C~
'- ~,~ oblgatory or 1o be made at the optan ot the Mortgagee, or otherw~se, may be made e~ther prior to or after the due date of the Note or
' any other notes secured by this Mortgat~e. ThK Mortgage is grven for the specrf~c purpose of secunng any and aI1 ~ndebtedness by the
- ~' Maker to Mort y p p
..; gagee (but m no event shall the secured endebtedneis exceed at an tune the max~mum rinu al amount set forth m th~s
- ~~ paragraphl in whateve- ma~ner th~s ~ndebtedness may be ev~denced or represemed, unt11 th~s Mort9age ~s sat~zf~ed o1 record. All cove-
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~,a; nantz and agreements contamed in th~s Mortgage shall be appl~cable to all (urthe. advances made by Mortgagee to Maker under thK
' lutu~e advance clause.
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l ~`n' Shoutd any o( the above covenartts be broken then the Note and all moneys secured hereby shall, w~thout demand, ~t ~he
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.., O~ Mo~tgagee, so elect, at once become due and payable and this mortgage may be toreclosed, and all costs and expenses of co~lect~on and
- ~ reasonable attorneyi tees, ~nclud~ng costs, expenses and reawnable anorneyi fees o~ appeat, ~t collected by ~ega1 proceed~ngs or
=,:, xi through an attorney at law, shall be pa~d by the Maker, a~d the same are hereby se.:ured.
. nji .
- i; cp; IN WITNESS WHEREOF, the Mortgago^ has executed th~s Mortgage as of the date first above set fo~th.
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7~ Sgned, sealed and delrvered (
~ m our presente:
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- ~~/ ~ ~~_ ~~iL~c.-t~iLL..,.=, ~
1
(Mor~
~ , LI
IMor ~gagor 1
STATE OF FLORIDA 1
.~ r, ~ 1
x t
C ., S44~f LUCIE 1
, ;'~-~~~•' •~~~E~TIFY, that on th~~ day, tre(o~e me, an ofl~cer duly author~red ~n Ihe State aforesa~d and m the County atoresa~d
`~~~~vyl~dgments, oo•w~an~ avvPa~edAaron & Thelma RiChardson io me know~ to be the persondex:~bed
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4 ~o, a-ooo-7 aev. 8m
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~utr,d the foreyomg ~nstrument and they ~knowledged before me that thev executed the same. ;
my hand and o(hual seal m the County and State last aforesa~d th~c day of l. e~ruar r~ , ~
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Notary Publit ~pT~IRY /IJ~IIC ST ~~ORIOA A1 IARGf '
" My Comm~ss~on E,cpues:
c~ MY COM+ ~SS ON EIVIRB NR. 23 1982
SO~JKJ~~ PAGE~~40 wr~an rhu, c,cr~~uu urs. u~~~r.~i:E~su,~.~..,, ;
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