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HomeMy WebLinkAbout2353 oiRECT HOME IMPROVEMENT WITH FUTURE AOVANCE THIS IS A SECOND t40R'1`GAiGE. 1 1 1 THIS MORTGAGE, ma[fe th~s , 12t~1 da~ ot _ MarCh `_____ , A U., 19 4.~.__ , between James R. Gould and Joy J. Gould, his wife ___ ~ti~o~~yago~l a~a _ Sun Bank of _St. Lucie Countv, Ft. Pierce __ iMo,,~ee~: INameot Sun Bank) WITNESSETH, that Mo~tgagor, for a~+d ~n cons~drrahon o) the prem~ses and ~n order to secure tne paymen~ ol ~he pnnupal aod ~nte~est on ihe rwte (as here~na}te- de~~nedl, Mortyagor nereby grants, ass~gns uansle~; and matgages to Alortgagee, qs successors arxl ass~gns toreve~, the follow~ng deui~ed real property ~~ -_~,~~~NC1@ -----------__ Ccwnty. Fbrda. ~o w~t: . ~o.3S Lots 9 and 10, Block 29, PARADISE PARK,-as per plat thereof recorded in Plat Book 8, Page 17 of the Public Records of St. Lucie County, Florida. 17 ? M ; ci ; ' ~r~ # .~' ~ ~ `'1 i .. ~~ = ,s. ~ i= : t ! _ . _ . ~ ) Y i >. a~ G U _ ~ ~ ~ i ~ ~ ~ , ;.; `_ :J 4~ . J q ` ~1 ~ ~ ~ : ~ - :~ ~ • RECfJ~EO f ~3~• ~ M~ MriENT OF TAAI~ fJy ouE on aass ~r MT~xcreLf ~saxu -eov~m. PU:tSUkNT T~J iIAP?fi 71•13{r ACTt Of_M)1. RaGER POITRAS ~1 CLLAK p:iWT CODRT. ST. WC~ p. M.~ ~ S2~U6~7 ~~-~3a 9 ~ ~ ~. 1981 NAR 17 1W ~ 4T Fi~E~ ~nr ~~ ccFni o st.~ cir couNtY fs a. ~n~~a ~~~~~~~ CLERK CIRCUIi CfUR /J ~ r ~~~~ (here~nafte~ reterred to as the Mortgaged Propertyl: and the Mortgagor does hereAy fu~ly wanant the trtle to the MortgagEd Property and w~!1 deterxl the same aya~nst the Iawiui cfa~ms o( a11 persons whomsoevrr_ PROVIDED ALWAYS, that ~f James R. and Jov J. (;OUltl __, the Makerls) of that Ilnsert Namelsll ce+tai~ prom~tsory npte dated the da!e hereo( (the Notel, their -~,rs, kgal representat~ves or ass~gns shall pay to Murtgagee the pnnupat wm of S 6~ 823. 64 as ev,denced by the Note, w~th ~~terest and upon the terms as prov~ded there+n, the t~nal matunty date of the Note and oi th~s INortgage be~ng March 11 , 1984 , wh~ch Mote prov~des that a11 ~nstaliments of prmupal and ~~terest are payable at the o(f~ce of Mortgagee, or at wch other place as the holder may des~gnate ~n wrrt~ng, and that each maker and endorser agree to pay a11 costs ot coltecuon, ~nclud~ng a reasonable attorney's i~, upo~ default m the payment oi the Note, arrl tha~ ~f detault be made ~n ~he payment of any ~nstaliment ther.wMer and Thar ~f wch defaul[ ss not mad~ good ~~ accordance w~th the terms of the Note, that the ent~re pr~nc~pai wm and accrued, earn~d ~nterest shall become due and pay:.ble w~thuut not~ce at the opt~on of the holder thereo(; and shati per(orm and comply w~th each and eve~y st~putat~on, agreemcmt and cov- e~ant of the Note and ot th~s Mortgage, then th~s Mortyage and the estate he+eby created shall be vo~d, otherw~se the same shall rema~n m tull lorce. Maker covena~ts to pay the ~nterest and pnnc~pal promptly whe~ due. Mo:tgagor cove~ants to pay the taxes and assess- ments on sa~d prope~ty; to carry ~nsurance aga~nst fue on the bu~ld~ng on sa~d land tor nof less than S-~~a , approwd by the Mortgagee, w~th standard matgage loss clause payable to Mortgagee, the pc~I~cy to be hekf by the Mortgagee and to kerp the bu~Id~ng on saKl land ~n prope~ repa~r. Th~s Mortgage shall secure not only ex~st~~g ~ndebtedness, but also wch tuture advances, whether wch advances are oblgatory or to be made at the opt~on of Mortgagee, or othe~w~se, as are made w~th~n twenty (20) years trom the da~e he~eoi, to the same extent as ~f wch tuture advances were made on the date of the execut~on of th~s Mo~tgage, but such secured ~ndebtednes: shall not exceed at any t~me the max~murq punupal arrount oi $ n~a plus ~~terest, and any d~sburseme~ts made for the payment oF taxez, levies, or ~nsurance, on the Mortgaged P~operiy, w~th ~nterest on wch d~sbursemerrts. Any wch ~uture advances, whether obigatory or to be made at the opt~on ai the Mortgagee, oi otherw~se, may be made e~ther pr~o. to or after the due date ot the Note or any other notes sewr¢d by th~s Mortga9e. Thn Mortgage K g~ven for the spea(~c purpose of secur~ng any and all ~ndebtedness by the Make~ to Mortgagee (but ~n no e~;ent shall the secured mdebtetlness exteed at any t~me Ihe max~mum pr~nc~pal amouni ;et forth ~n th~s paragraph) ~n whatever manner th~s indebtedness may be ev~denced or represented, unt~l th~s Mortgage ~s sat~sf~ed ot record. Ail cove- rtants and agre¢ments conta~ned ~n th~s Mortqage shall be appl~cable to all further advances made by Mortqagee to Maker under thn future advance ctause. -~ Shouid any of the above cove~ants Ife Aroken then the Note and all moneys secured hereby shall, w~thout der~a~xf, ~f ihe Mortgagee, so elect, at once become due and payabte and Ih~s mortgage may be toreclosed, and ali costs a~d expenses ot coltec2~on a~cf reasonable atto~neys' fees, ~nclud~ng costs, expenses and reasonable attorneyi t~ o~ appeal, ~f coilecred by ~Pgal proceecl~nqs o~ through an attorney at taw, shatl be pad by the Maker, a~c1 the same are hereby s¢cured. IN WITNESS WHEREOF, the Mo~tgagor ~as?xecuted th~s h1o~tgagr as of the date f~rst above ;et fo.th. Sgned, sealed nd deiwered in our pre ce' ~ ~'7G~~z~~ - -- - - STATE OF FLORIDA COUNTV OF ST. LUCIE 1 HEREBY CERTIFY, that on th~~ to take acknowiedgments, pe ~n and who executed the fore WITNESS my hand and A D., 19 g~_ - 4 5074-Opp~7 Rev. 8/~7 jt ~,, •. MORTGAGE ~ ISEAL) ISEALI an otficer Au~y author~red m the Srate ato~esa~d and m the County aloresa~d ~~r~n n. a~ uvy .~. u~~uiu to me known to be the peryondescnbed f•' ~ _ acknow~edged t~tore me that theY executed the same. wit~y and State last aforesa~d th~s 12th_ o~ March __ ` hotary Puhs~c ~T~ ~~ STATE Of FICMfOR ~; tARGf " ~Y Comm~ss~on Exp~re ~Y COMMISSIpV EJ~IRES AP~ . 23 1982 Iw~ ~.rW~ ~01~ED THU t,'EJ~RAL INS UNDERWRISEAS B'}f~I i~ltb~ F.....,_....,.