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HomeMy WebLinkAbout2355DIRECT HOME IMPROVEMENT MORTGAGE ~ ~~ ~~ ~/ ~ ~ YViTN FUTURE AOVANCE A~~~ ~ THIS MORTGAGE. matlp th~c _l3th-__ _ d.iy ol -_--~rCh__-~- --- . A O, 19 ---81 . between -~~y}~i~~~~.- -- (Mu~tya9or) and _ $un Bank of ~- yycie Count,y _ IMoriyayeel: (Name ol Sun Bank- WITNESSETH, that Mort~agor, tor and ~n cons~cierat~on ot the prem~ses and in ordM to setura !he payment o~ the pr~nc~pal a~d ~ntere<_! on !he note 1as ~err~na~se~ de~:~rJl, !4loetgjgo! herelzy gr3nls, ass~gnt tt~rsle+s ant! mprtg~ges ~o A~o~igag€e, ~ts successo+s ancf ass~gns lorever, Ihe Io1low~ng descr~bed real propcvty ~n $t._,~LlCie Countv. Flor~da, to w~t: ~5.~~ IAt 11, Block 45, Unit 1~ 5, of LAKEWOOD PARK, as shown upon plat thereof on file in Plat Book 11, Page 5, of the Public Records of St. Lucie County, Florida. ~rhis is a seconcl mortgaqe. 1981 H~-R I~ ,~!; ;~ I;$ RECf1YE0 = ~O•l IN -A~fli~iifi 8f iR~€$ . f•'l.ff Etti: ~'Cu~ : i: S' LUCIf CCUY I Y 1 t A 9pg ~y CLASS •~' ~N7~.'~G'3LE PiRSONAI ~1Y• . . ftUGFR F'OI1RA5 PURSJAIIi TO iHt.?TE: 71-.:.4. RCTS OF 1111. C! CFK ClQClfl C4URt ROGER POITRK ~pX C~GWi CO~Rj. iT. WC! a. ~~'~ ` _ :''. _ tt t ;: •' w - ~ ~~~~ ~ t[~ tL) ( 1!1 ~ 1~-.+'Y''~ ~ ~._ ~ i . - __ ~ '~ ~ ,. . ` ¢ ~ ~ Y y :~. t~. G! J~ y, - .~,: U', = a: ~! ~ _ ~+ :7 ~li~ ~ ~ . ~ ~~ ~ ~ ~ r~ • 6014-000-7 Rev. 8/77 iherematter relerred to as the Mortga~ed Propertyl; and the Mo-tgagor does hereby tully warrant the t~tle to the Mortgageci Property and wul detend the same agamst the lawful cia~ms of all persons whomsoever. PROVIDED A~WAYS, ihat ~f Kathleen E. Christian , the Maker~s) ot ~hat (Insert Namelsl) her certa~n prom~ssory ~ote dated the date hereof (the Notei, he~rs, leoal representat~ves or au~gns shall pay ro Morigagee the prmapal sum oi s ln _ n96 _ 34 as ev,denced by the Note, witA r~terest and upon the te.ms as orovKied [herem, the hnal matur~ty date of the Note and ol th~s Mort9age be~ng ~rch 12, 1993 .~g , Wh~ch Note prov~des that all instatlments of pr~ncipat and mterest are payable at the ot(ice of Mortgagee, or at wch other place as the holder may dez~gnate in wrning, and that ~ch rt-aker and erxlorser agree to pay all costs of collection, ~nclud~rx~ a reasonable attorney's fee, upon default ~n the payment ot the Note, and that if default be made ~n the payment ot a~y ~nstallment thereunder and that ~f wcn default es not made good ~n accordance w~th the terms of the Note, that the entire pr~nc~pal wm and accrued, earned mterest shall become due and payable without notice at the option o( the holder thereoi; and shall per(orm and comply w~th each and every s~~pulatan, agreement and cov ena~t of the Note and o( this Mortgage, then th+s Mortgage and the estate he~eby ueated shatt be vo~d, otherw~se the same shall rema~n in tull (orce. Maker covenants to pay the riterest ard prinupal p~omptly when due. Mortgagor covenants to pay the taxes and assess- ments on sa~d property: to carry insurance aga~nst (~re o~ :he bu~id~ng on sa~d Iand for not less than S NA , approved by the Mortgagee, w~th standard mortgage Ioss clause payable to Mortgagee, the pol~cy to be held by the Mortgagee arxl to keep the bu~ld~ng on sa~d land m proper repair. Th~s Mortgage shall secu-e not only ex~st~ng indebtedness, but alyo wch futu~e advances, whethe~ wch advances are oblgatory or ~o be made at the opt~on ot Mortgagee, or ~the~w~se, as are made w~th~n twenty 120) yearz irom the date hereo(, to Ihe same extent as ~t wch future advances were made on the date of the execut~on ol this Mortgage, but wch secured ~ndebtedness sha~l not exceed at any t~me the max~mum pr~~c~pal arrount of S ~ plus ~nterest, ~nd any d~sbursements made tor the payment ol taxes, Iev~es, or ~nwrance, on the Mortgaged Property, with ~nterest on wch d~sbursemmts. Any wch future advances, whether oblgatory or ~o be made at the opt~on of the Mortgagee, or otherw~se, may be made e~ther prwr to or after the due date of the Note or any other notes setured by thK Mortgage. This Mortgage is gwen for the spec~tic purpose ot secunng any arxl all mdebteclnesz by tne Maker to Mortgagee (but ~n no event shall the secured mdebtedness exceed at any t~-ne the max:mum princ~pal amount set forth m th~s paragraph) ~n whateve~ manner th~s ~rdebtedness may be ev~denced or represented, unt~l thn Mortgage ~s sat~sf~ed of record. All cove- nants and agreemen[s conta~ned ~n th~s Mor[gage shall be applK~le to a11 furthe~ advances made by Mortgagee to Maker under thK iuture advance clause. Should any of the above covenants be broken then the Note ar-d all moneys securecf hereby shall, w~thoui demand, ~1 the Mo~tgagee, so elect, at once become due and payable and thK mortgage may be (oreclosed, and all costs and expenses o( collect~on and reasonabfe attorneys' ~ees, ~ncludmg costs, expenses and reasonable attorneys' tees on appral, ~i coltected by legal proceed~ngs o- through an attorney at ~aw, sAall be pa~d by the Maker, and the same are hereby secured. IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as ot the date I~rst above set forth. S~gned, seated and del~vered ~n our presence: ~ ~ t ' ISEALI IMor tgegor! IMor t9agor 1 STATE OF FLORIDA ~ 1 COUNTY OF ST. LUCIE 1 ISEALI 1 HEREBY CERTIFY, that on th~s day, betore me,:sn off~ter duly wthorti~d ~n the State aforesa~d and ~~ the County a~oresa~d to take acknowledgments, per~nally appPared to me known to be the perso~ descr~bed m and who executed the (oregomg ~nstrument ard ~~• ~~ •.~YVl~dO~d betore me that She executed ihe sume. WITNESS my hand and o}t~c~al seal ~~ thC C~~I ~prx~.~p e 1 4~ '~ T a o( , A.O., 19 ~_ . yf- '~ j ~ ~,,1~-. ~~ - _'y .t• ~V."•v~;t~' ~ ~ ~ • ~ : : = aY: ~ , - . ~"~ -• ~. ~oi~ur ouaic A1E Oi fLORIDA Ai L/1~E lhT~_ wn x ~res: B~~ ~~~A . . A~Y COuMISS:ON EXYIRfS APR. 23 198Z •~ ..~ ' K.`NDEO TFRU C~.NERAL INS 111,OERWRIiERS~...~•,,...... a~ < ~: ~.