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
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PURSJAIIi TO iHt.?TE: 71-.:.4. RCTS OF 1111. C! CFK ClQClfl C4URt
ROGER POITRK
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• 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~-. ~~ -
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lhT~_ wn x ~res:
B~~ ~~~A . . A~Y COuMISS:ON EXYIRfS APR. 23 198Z
•~ ..~ ' K.`NDEO TFRU C~.NERAL INS 111,OERWRIiERS~...~•,,......
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