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D~RECT HOME IMPROVEMENT MORTGAGE ~a ~~ a p' pL~/3U
~'~ i f H FUTURE AUVANCE S22590 ~
Ti11S MORTC,AGE. n,,,u«~ v:,t `4th __ ~i.~y ot rr`+rC~ A D, 1J ~1 , t~i~t~~r.•n
Edward G. Ratich _ . ~R,,,•,y:,,~„~ ., ~~
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_ S~ni_Bank of St. Lucie Coi.mtY - ~n,~~,~y.~,,•r-.
i Nemr of $un B,~nk'
WITNESSET-~. e~,a~ r,1u~~y.,vo~, io~ a:~d .r: ..~n,~u~ ~.,;~ur. of the p~rm.,r, ..~~d u~ uin.•~ tu ,.eur.• th~• ~~a~mrnt nt thr tumc~p.~~ .uw1
~rNr~est On IhE r~ote I.~c hr~e~ndite+ t7r}~n K11. \~u~ty~•.~ur he•~.•uy ( IJnlS :t~5~(j(11 tr.~n~tris e+~d morty.r~rs lo !11ii•ty.~~.~~~, ~75 su~-ir•~tu+t a~Kt
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JtSiynS IO~evN~, Th2 foilO.~~ny UcSCnt~c~(i ~rJl p~u{~rrtV ~•~ _ - . .- . . . Cc~unty. ~w;:d.~, IO ~V~t-
l.ot 11, Rlock 3124, Port St. I.ticie Section 45, accordinQ to the Plat thereof
as recorded in Plat Rook 16, na~e 25A of the Public Records of St. I.ticie Count~~,
Flori~ia.
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Crerk Cir~h ~OfiR~y~ a 1871.
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~~. 3~ Th i s i s a second mortga~e . 52~590 `C
~ 1981 A'Fc - ~ ~,~: !~ 0 7
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It~ere:nafter referred [u as the MOrtg:~g~d Prop~K[y). ~n(1 the Mortg3gor does he~cUy fu~ty war.ant thr t~ttr to the A1<n?y„c~art Pioprrty
a~xf u~~~i defend fhe s:ime aya~~st tAe ~awiut ua~ms o1 311 pe+x~nc wlzomsoevfrr
R1UC}1 ,
PFOVIDEO AIWAYS. that ~f ---~aN`'ird C. - - _--- -_-_ -- --. _ __ . _ , the F:t.,krr(;1 0l that
(Inse~t Namelsl'
certa~n prom~sso~y note dateii thr d(a~te hereof lthe Note1, ___ }11S _ t~c~rs, !eyai ~ep~es._wntat~ves or a;,~yns shaii pdy to Mort~~;..w~
~he pr~n~~pai sum of $ ibsS~)7• `r~ _ a5 ev~dP~c~~c1 by ihe Nor.~, w;th ~r.terrst ~nd upon the2eim5 az prov~dr~rf ttierr;n, ihr hnal
' matunty date ot the Note anci o1 th~s Mortyage tx:~ng r~rch 2~ ~ ~y 93 , wh~ch 3Vote p~ov~des that
ali ~nstallments of pnnt~pal a~d ~nterest a~e payable at the otf~ce o{ Mo~tgacxe, or at such o~he~ place as 2ne '~otdarr may de•:~yna~r ~:~
wnt~ng, and that each maker and endorzer agree to pay a11 costs of co!lect~on, ~ncluJ~ng a reasa:~atzlr at:orney's fee, upon detau~t ~n the
payment of the Note, ancl that ~f default be macle ~n ihe paymem of any instat~ment the~eunder and that :~ such deiauit is not made
good in accordance w~th the terms of the Note, that the entne pnnc~pal sum anci accruerl, earnvd ~nte~est sfiall become due arul pay:~ble
""' , w~[hout not~ce at the opt~on of the hoider therpof, and sha!1 perform and compt~• wnh eath and r.vr~y zt.pu~at~on, ayrerment drd cov
en~nt of the Note arxl of ih~s hlortg:ige, then th~s M.o:tgvge arxi the estate h.rr.K~y create~d shal! be vo~A, oth~r~vn~se ihe same shau rema~n
m tuff to~ce. Maker ~ove~ants ro pay the ~~terest ancl pnnC~pal ~xpmptty wh.•n due hlortgagor covenanis to pay the taxt~i.;rxf asiess
ments on za~d property, to carry ~nsurance ayamst f~re on ihe bu+k7~ny on sa~d lantl for not less th~,n 5__ n/a _ apprpvnl
~ by rhe !~~ortgagee, w~th s!arria~d mnrtyaye foss daus~ payah~e t~ Mortgayer~, tt,e poi~cy to be hrf~t t~~• rn.• Murry,,ye.r „nd to krep the
bu;id~no on sa~d tarxf m pioP~~ rupau.
Th~s Mortgage shaU secure not oniy ez~st~ng ~ndebtedness, but a~sn wch turure xtvancf~t, wnvthe• wc~~ .xtv,~nces .~re ob~~y.etory or
to be made ai ihe opt~on of h4o~tqagee, or othe~w~se, as are macl~r w~thm twenty (20) years }~om the dete n,~r~~o1, to the ~an,c~ f~x+.•nt es
'_ ~f wch future aclv~ncrs were m:3cfe~ on the date of the e ecut~On of ttus Mn~tgayF•, but wch e~~;;ur._r) ,ndet~s•~nn~~ss sh.~:: np~ r~ctrYi ai arfy
~ t~me thr m.~x~mum pr:nc~pa? art~ou~t of S-----_-n~~ ----_------- ptus ~nte~es!, e~~cS arry d~st~ur;~rments mvrle tor in., payment
-- ot taxes, fr,v~zc, o~ :nzurance, on thn pl~ortg~yecl PrOperty, wiih ~ntrrrit on wch d~~t~u~semen?s. Any such futurt~ ~1w,nccK, wnether
obLyato~y or to oe made at the opt~on o! the Mortyagee, or othe~w~se, may th macle r~7her pr~o~ to or ei~s~r The due cfate uf th~• Note or
"' any o?her note:_svcurecl by,th~s Mor;g:3gN Th,z Mortgage is g~~en for rhe spEt~f~c pu+pose nt ~cw~nq ~+ny arnf aii ~ndebtedr.ess by rhe
= b1;,ker to hlortyagee Ibut ~n no event shal~ the 5ecurtd ~ndebteciness excrrercf at any t~me the max:mum p~~nc~pa~ .,mount csrt forth ~n th~5
~- ~. parayr~ph) ~n wh~te~e~ mdnner th:s indPb!ednesz may t~ ev~denctYl pi reprezenteti, unt+! rh~s Mo~ty~q~ ~a yis;i!.ed of record qll toy~-
. na+~!s and aoreements conta:ne~f ~n th:s 6,10rtc3JC3e sRa~l be app~~c:,t~fe to att fu+cher ,iclv~ncez n:,xf.• t~y P;torry,,;;t•~ ro '.l.ake~ und~•• tt,~;
~ '-' !uture ,7(~v.in[e ciauSC
~` Should ~ny of ;h., .ibov covrnan!s b~~ h~ok~n rhrn tnr Nnte and ai~ rnoneys s.•cur.•d heret~v s~~e:i, r.~~nuJ' d~•m~,•u1, ~f •h,•
~ r~ ' A'o~tq3qev. s0 e:eCt, at ence bs•comv dur an~1 ~~aVabie and thit morty.aqe~ may bv fOieuoted, dnd eIt cosis .irirf ..~P•••~,ir•; Oi co:~ect~o~. ~rKl
,f.; •rasu~+~'e atio;neys~ fees. ~nciud:~,r, costs. .'xpense~; dncl +~asonable :~itor~~ry4 }B+'S o~~~ dPP~dl, ~~ e.oiiected b~~ ~'~~yal proce,~_d~n~~5 or
- •hrouqh 3n a,tornay at taw. nha~~ b<~ p,3:d bY ,+~•~ f.1d~.vr, jntl th~• s7me:i~: h~•:eby vrcur.xi
' i.; iN WITNESS WHEREOF. *h~•'Ne+!g_iynr hdti•.x..cct.r! •~i, h1o•?y.ay, az r~` t~:~:far.. f.,zr ,etn~v. ., ro•~h
_, S g~,e~, se' ~t and c1e r:~~ ecf ~ ' /' /
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~~~~ Ed-,ard G. Rauc~
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$TATE OF 1=lorici~~ ;
1
COUNTY ORt. I~IClE,' ~
I HEREBV CERTIFY, rh3t O~ !hi5 dJy. t:P!Uro mP, :in Off~r~~r Unu~~r, a~t~h7r~~cr1 ~~. tn•. $r.e+•. 3+Cr~•ia~c) anr) ~n thp COunt~ ~!pre58.d
•o takr 3ckr~~o~~n2d~ ments, VersOndll Edward G. ric11.1C1:
3 Y aPPear~d ------- ------------------ --- 'o me kn.~wn to be thc• person drsenb~d
i~e
~~ a~.c1 w,no erecuted *.ne forPgpmg'~nstreu~yg~t arid __________._ _ 3ck~o,h~edq~f be(orc~ m~vhar ___he _ execur~d the same
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