HomeMy WebLinkAbout0577DIRECT HOME IMPROVEMENT MORTGAGE - g~- ~3 ~~'95/
ti~nTH FUTURE AOVANCE S~I~3 ~~
THIS MORTGAGE, made IhiS __ 2Ott1 =~WY ~~ __~ Februarx__- ____. . A o.~s 81 _ , t~r~wrrn
Eugene Sanders and Bett Sanders, his wife
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___ Sun Bank of St. Lucie Count~+, _Ft. Pierce __ _ ~M~„y~y~,~~
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-- ( Name of Sun 8ank 1 ---- -- -
WITNESSETN, Ihal MOrtgayOt, fOi and m COnS+de~~t~Or; Of lhe p~rm~ses and ~n o+Uri t0 x~~ure Ihr payme~~t Of the p~utcqia~ diu!
~nte~rst on the note las ~ere~nafter Aef~nedl, Mu+tyayo~ ~rreUy q~ams, ass~gns tiansfees and mo~tyagrs to AlatyageP, rts w~c~ssuis a~Kl
a:s~gn; Foreve~, the toltow~nq descr~t~ed rra~ proprrty ~n _______St. Lueie _ ____ _ _ ___ _,___ _ _ _ ~~u,,,,,. F,~„K+,. ,~ .,;,,.
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Lot 79, of WNITE CITY Subdivision, in ~ection 5, Towi~shi~ 36 South,
Ranqe 40 East, as per plat of said subdivision on file in Plat Book 1,
at'page 23 of the Public Records of St. Lucie County, Florida.
THIS IS A SECOND MORTGAGE.
~c~vfo s~ IM PAY!11fNT Of TAXEa 1961 FE3 24 !~: .~ 4 8
G!!c ON Ct~~T 'C' INTAN6:BLE PERSO~:.:t PROrE.'.TY.
~dR51itJ11 TO CH.1PT=i 71-13t. A.^.TS OF 1~7L F~Lti' tht' " l.l *.~t .
F.OG:A PGIThA.; 5?. LUCtf c:C.'~ ; v. i::.
CLERK qlCUiT CCeRT. ST, LUCIE C0. tu~~' ~`~~' ~+ ~'r~'"~•`
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s GOt4 00p-7 Rev. 8/77
(here~nafrer ~eferred to as ~he Mortgagecf Propertyl. an:i the Monyagor does hereby fu~1y wa~rant ~he T~U~• to thr A1n~;qageKl Pir~prr:y
and w~U deferxl the wme aqa~nst the iawful cla~ms ol aH persons whomsoever.
PROVIDED ALWAYS. that ~f Eugene and Betty SdY1deZ'S _ ___ __ cne•PAakerls- of that
(Insert Namels!!
ceftam prom~ssory note datecl the date nereot (the Noie), thelr he~rs, leqel rep~ese~tahves Or ass~gns shall pay to blortyagee•
:he pn~~~pa~ sum o~ $ 10 ~ 667, 72 as ev~denced by the Note, wrth mterest and upon the termc as prowdecl thrre~n, the fenai
February 22
matunty date of the Note arxf ot th~s Mortga9e be~ng , 19 86 , wh~ch Note prov~des that
ail mstaUments oi pr~nupal anc! ~nterest are pavab~e at the of(~ce of Mortgagee, or at wch other place as the hoidz: may dr,s~gnate m
wr rt~ng, and that each maker and endo~ser agree to pay alI costs ot collecuon, ~nclud~ng a reasonable at:orney's iee, upon defaut~ m tnr
payment of the Note, and that ~t default be marle ~n the payment o( any installmeni therrunde~ and that i1 such c1e(ault ~s not mad~•
good ~n accordance w~th the terms o! the Note, that the entue prenapal wm and accrued, ear~ed ~Merest shail become due and p:.yable
w~Thout not~ce at the opt~on oi the holder therPOf; arxl shall perform a~[i comply with each and every st~pulat~on, agreement arxi cov
enant of thc Note and of th~s Mortgage, then th~s Mort3,~ge and the estate hereby createtl shatl he vo~d, otherw~se the same shatl ~emau~
m fult force Maker covenant; to pay ihe mterest ancl prinupa! promptly when due Mortgagor covenants to pay rhe taxPS arxf assess
ments on saK1 property. ro rarry insurance agamst fne o~ tfie tw~kl!ng on sa~d larxl tor not iess ihan $___~~ , approw~cl
by the Mortgag~, wrth stanclard mortgaye loss clause paVable to Mortgaqer, the pol~cy io be hetd t~y the Mortgag!~rr an~1 fo kr~p the
bu+td~nq on sa~d land in proper repa~~
Th~s Mortgage zhall secure not unly ex~stm9 ~ndebtedness, but also wch future acfvances, whether such aclvancFS are obl~gatory o~
to be made at the opt~on of Mortgagee, or otherw~ze, as are made tivnhm twenty (20) y.:ars from the date hereof, to ihe ~.~mr. extent as
~f wch (uture aelvante: were madF on the date of thP execut~on ot th~s Mortqoge, but such sewreci ~ndebteclness shalf not ~r~crecf at any
t~me the max~mum pnnc~pal arnount o1 S.~~___ - plus ~n[erest, arxi 3ny d~sburS~meMS maclv lor ihv payment
pf tazes. lev~es, o~ ~nswance, on fhe Mortgagecl Property, w~th imerest nn wch drsbursemen[s Any such (uture aclvanctK, wh~ther
obt~gatory or to be made at the opf~on oi the Mortgagee, or uthe~w~se, may tre macfe e~thor pnor to or att~r the due daTe of the Note or
any othei notes secured by th~s Mo~tgage. Th~s Mortoage rs g:ven for the spec~f~c pur~sr of secunng any and a~l mc3ebtedness by th~r
Make~ to Mo~tgagee (but m~o event shall tne secure[1 mdebtMlness exteed at any hme ihe max~mum prmapal amount set forth ~n thiz
pa:agraph) m whatever manner th~s ~nefebtedness may t~ ev~denced or represented, umJ eh+s Mortyaqe ~s Sac~shecl of record All cove-
nants arxl agr~ments conta~nrd ~n th~s ~dortgaqe zhall be appl~r.able to atl further aclvantes mad~ t~y 1Ao~TgaqF~e to FAakrr unUer th~s
f~ture :~dvan[e dause
Should any of ih~ abovF covenants be broken then th~ Note and all moneys secured he~eby sha~l, w~thout drmar~d, ~! Thr
Rlortgagee, so eiect, at once brcomv duv orx) {~aVab~!' and th;s mortyage may ne foredosed, end 'd11 costs enr! t rpr.rses of co!iection arxi
reasonabte atto~neys' fees, ~nc~ud~ng costs, e>pensez ar.cf rPasonahie a~rorneys" ~ees on appeat, rt couer~ed oy ie•qa~ proceed~nqs o~
vhrouqh an attorney at 4ayy, 5ha11 bP p3rc1 by thn MakPr, ancl thr 5~me a~e he*eby secweci
IN WITNESS WHEREOF, rne Mn~tyago~ ~,as e~,er•cu+•~cf :h~s ti~o~tgaqe a5 of fne date fi~sr ,,i~~~r s~r tu~fh
S~qned, SCdlec7 dn(1 dCiivered
~n our presenCe
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~ IMort9a9o~
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/ ~ti"o taa;o•1
STATF OF FIARIDA
COUNTY OF ST. LUCIE
1 HEREBY CERTIFY, tnat o-~ th~s day. before me, an ~
so take acknowledgments, pe~wnally appPareC Eugene '
~n ~nd who eKecutMl the fpregO~ng ~nstrumpnt y~Kf t~
WITNESS my harx2 and r,ff,~,al seai ~n tne C~unty arW'f1
AD.19$~_
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fK/i~fl~Y ~n the Srate atoresa~d and ~n the County afcr~~
Y - ~S te me known ro be the person descr~bed
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,~e.~~ ~"" spRno b@iore me that they executed tne same.
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e~ af . es~1 __~¢ day of F h ~arV___ .
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'~ ~. ~~ ~I~IIC STA7E Of ftOtiW1 Ai L/~Ki~
Ei~ K'J~~ F~~ ~~ MY . mess~ n~`~~11MISSION fX-IRES /IM. ~3 1952 ~
~Of~DED 1fW GH'~RAI INS U-~D`RWRITERS
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