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HomeMy WebLinkAbout1520 DIRECT HOME IMPROVEMENT MORTGAGE v"~~3a 90~ WITH FUTURE A~VANCE 5~~~0 ~' THIS MORTGAGE, made ~n,: _ 3rd ___ ~,Y ~~ __ ___March ___ , q p. ~g 81 ___ , ~~~Ween ~ ftoward D. Coleman and Barbara C. Bryant1 now b-y marriage ____ ~Mp,,9,~,~ ;,,,~ - --- Bs~D~Y~~: Cal~i-an ' --- Sun B~nk of_ St~ Luc~_CQ13IltK~-F~~PIP~~~ -- -- ------ --- (MO~tyJgk'CI: I Name o( $un Bank I WITNESSETH, that Alortgagor, foi a~xi ui cons~de~ahon p) !he prem~ses a~c) ~n order to iecwe the payment ol the pr~ncipal anct ~ntrrrst on the note (as hereanaite~ de~~nec11, Mortyayoi hereby grants, ass~gns tianstr~s and mo~tyayei to Mo~tyayee, itssutcessorsancl ass~9ns lorever, the lollow~ng descr~t~ecl ~rat pioperty ~n ___ S~. Lucie ____ ,__ __ co~~»~. F~o~K~a, to w~t: ~3,es Lots 19 and 20, Block 1, AMY ANNA PARK, a subdivision as per plat thereof on file in Plat Book 4, page 72 of the Public Records of St. Lucie County, Florida. . ,-, ;.~~ - ~ -'/ 'i ,.-. ,. - ;~ ` . . . ,;. r~ T i~ _ ~ - ~ :J J ~ _ :1 ~ . = ~! . G .J;, ~ ~~ ~ . ~ ~ ~- _ ~ ~` _ ` ~ _ ~ THIS IS A SECOND MORTGAGE. t'"^"!C^~ S ~•/ p! ~AY1~KT QF TJI~Et L~`. t l '.t : ; •C' . ~ ~ ~ • . .; . . ? ~";`ERl'Y~ f~:.3:::.:ii T~ .i;..: f. 71- 4, A.ia i.r IStI. = t:.: PutTi.~tS CL~fiK CIlWIT COOdT~ ST. W~IE CQ, F~,~ ~s~ NaR i s~s a~s F~~to akr Feco~c~ t~ S). WCIf COU.VTY.i! A. CLERK C RC UT C bsi~ '<<~~~" 1'! +•'r~- n ~T (/ " SzU24U (heremaice~ re~erred to az the Mortgaged Propertyl, anci the Mortgagor does he~eby tully wa~ranl ihe t~tle to the Mortgagt.~cl Property and w~~l defend the same aya~nst the I~wtul clauns of all persons whomsoever. PROVIDED ALWAYS, that ~f Howard D. and Barbara C. Coleman _, the Make~Is1 of that (Insert Namelsll certain prom~ssory note dated the date hereol (the Notel, their heus, legal representaUves or ass~gns shall pay to Mortgagee the prmupal sum of S 9• 084 • 82 as ewde~ced by the Note, with mterest and upon the terms as prov~ded therem, the hnal matur~ty date of the Note and of th~s Nlortgage being March 2 , ig 91 _, which Note prov~des thal alt mstallments ot p~~nupa~ and ~nterest a~e Fayable at the ottece ol Mor[gagee, or at wch o~her place as the holder may des~gnate ~n w.~ting, and that each maker and e~+dorser agree to pay a~l costs of collect~on, ~nclud~ng a reasonab!e attorney's tee, upon de~ault ~n the paymont ot the Note, and that ~f default be made ~n the payment of any mstallment thereunder and that ~i wch default ~s not made good ~n accordance w~th the terms o( the Note, that the e~t~re pr~nupal wm and accrued, earned ~~terest shail become due a~d payable w~thout rahce at the opuon of the holder ihereof: and shail pe-form and comply w~th each and every st~pulat~on, agreement anef cov- enant of the Note and o~ th~s Mortgage, then th~s Mo~tgage and the estate hereby created shall be vo~d, otherw~se the same shall iema~n ~n tuli torce. Maker covenants to pay the ~nterest and p~~~upal promptty when due. MOrtgagor covenants to pay the taxes and assess- ments on sa~d propt+ty, to carry ~nsurance aga~nst f~re on the bu~ld~nq on sa~d iand tor not iess than $ -, approved by the Mortgagee, w~th standard matgage lozs clause payable to Mortgagee, the pol~cy to be h41d by the Mortgayee and to keep the bu~lding On sa~d land in prpper repa~r. Th~s Mortgage shall secure not only ex~st~ng ~ndebted~ess, but aiso wch future advances, whether wch a~fvances are obigatory or to be made at the opt~on o~ Mortgagee, or otherw~se, as are made w~thm twenty (?0) years trom the date hereot, to tt~e same extent as ~t wch tuture advances we~e made on the date of the execut~on of th~z Mo~tgage, but such securecl ~ndebteelness shalt not exceed at any t~me the max~mum pr~nc~pal arrount of $ n/a plus ~nterest. and anv d~sbu~sements made for the payment of tazes, Iev~es, or ~nsura~ce, on the MortgagErcl Property, w~th ~nterest on wch d~sburseme~ts. Any wch tufure advances, whether obl~gatory or to be made at the opt~on of the Mortgagee, o~ otherw~se, may be made e~ther pr~or to or atter fhe due date of the Note or any othe~ notes secured by thK Mortgage. Th~s Mortgage ~s grven tor the spec~~~c purpose of secunng a~y and ail ~ncleCtedness by the Maker [u Mortgagee (but ~n no event shalt the Secured indebtedness exceed at any t~me the max+mum princ~pal amount se.t torth ~n th~s paragraph) m whatever manner th~s ~nciebtedness may be ewdenced or represented, unt~l th~s Mortgage ~s sansf~ed of ~ecorJ. All cove- nants and agreements conta~ned ~n fh~s Mortgaye shall be app~~cab~e to all lu!ther advances made by Mortgagee to Maker uncter th~s future advance cfause Should any oi the above covenants be broken ihen the Note and ali moneys secu~eri hereby sha~l, w~thout demand, i1 the Mortgagee, so elect, at once become due arxl payable and th~s mortyage may be forccbsed, anef all costs and rxpenses ol coltect~on and reasonable attorieys' tees, ~ntiudmg costs, expenses and reasonahle attomeys' 1¢es on appra~, ~i collected by iegat preceed~nqs or th~ough an attorney at taw, shalt be pa~d by the Maker, arxl the same are hereby securec~. IN WITNESS WHEREOF, the Mortgagor has vxecuted th~s Mortgage as ol the date hrst aiwve set forth Sgned, sealed and delsvered m our pr nce' ~ --- - ~ ~ - --- - "1 `/~ `- 1~ - ISEAL) n Iklortga9orl ~+Y-~~+ __ ISEAL) ' ------- - --~~ ' IMortya~r 1 ~ STATE OF FI,ORIDA 1 1 COUN7v OF ST. LUCIE 1 1 HEREBY CERTiFY, that o~ th~s day, betore me, an ott~ter du~v author~red ~n the STate aforesad and ~n the County aforesa~d ro take acknowtedgme~ts, pe~sona~~y appra~ed d B rba C C(a~~~„~n to be the pe~son descnbed • ~~ arxl r•rho executed the forego~ng mzirume~~l'`~ + = acknowledged before me that they erecuted the same. !~~ " .~j . ' ~`~r WITNESS my hand and off~c~al seal ~~OW~~aAA~~Wte qft ~Oresa~d this 3r day of ~h . ' ~~ AD.19~-. ~; ,~ cs~ ~ . ~ ' / ; ~ ~'. ~ ,~. ~ ,~~=~!'~~ - , . 'Notary Pubnc ~~ My COmmissl~~~~~C STA1F af fLOR~~A A1 U-RGE ~iK '~ v y;' Mi ~OMMISS:ON EX-lRfS A-~ :23 198~ 3~~3~ ~~~i5~.9 _ _-~.-~ - ~;~ T~~ ~. ~RW~,~ c.K„~......,. a 50 t 4-000-7 Rev. 8l77