HomeMy WebLinkAbout0928
UIRECT NOME IMPROVEMENT MORTGAGE ~~ _ ~ ~~ ~~~
WiTN FUTURE AOVANCE Sis~~~ • (~
r
TNIS MORTGAGE. macfe ~n,~ _ _5th---_ ~~,v ~~ - -_-_----FQbrlld2']!-- - _ - . A D , 1981-_-- . t~r~wern
JoYCe E._Gibson__andQuentin M._Gibson, her_husband __ ~h+o„y,~o,~ ,,,n
--- Sun_fldilk_Qf_St. 1.uCie._CnunL~[..__Et..Pierce---- - . -----.--__ _-- IMa~~y,~y~l.
IName ol Sun Bank!
WITNESSETH, tnat Mo~tqago~. 1or a~xf m cons~Uerat~on ol the prem~ses anct ~n orde~ to seYwc ~ne payment ot ~he P~~napai and
mterrst on tne note las hrre~na~ler del,n~fl, Mu~iyayor hr~eby g~a~ts, ass~g~s tiansirrs and mo~tgayes to hio~tyagre, its suciessois ard
ass~qns lo~ever, the foltow~ng descr~Ued ~eai p~oprrty ~n ___~^ _St. Lt1Cl@ ___T-___- __ County, FIO~Kfa, ~o wu:
I.ot 3, Block 2, ORANGE BLOSSOM ESTATES, SECOND ADDITION, as per
plat thereof, as recorded in Plat Book 14, page 2, of the Public
Records of St. Lucie County, Florida.
THIS IS A SECOND MORTC~AGE
/
1981 FEa I 0 A~ :~ I 0 R~.~ ~~~.~, ~J
Ou~ On Class .. ~r~ ?~vr"rnt Of T~
ifLEC LNC ~rCl•:?..! :~ C~~ ~ntany~bly ~a r
SI.LUC1f CGLNSY.1 :~ e sonal Pf
.
.. _ RQG~R PDiTRAS Wwad fio Chaptar 7~. ~34, ~'h-
i CtE~M cik~ur c~•_~: /I ~R A~+ Of 1871.
: ~ , ~ 1 r-c-; •~ •. q~k ~RAS
~7 - ~ ~t ~r. ~uct~,, Co.. F1~. ~
- ~ 51645'7
• (here~natter reterred to as the Mortyaged Propertyl; and ihe Mortgago+ does hereby iu~ly warrant the hUe to Ihe Mortgagect P~oper~y
and w~il detend the samr aga~nst the Iawiul clauns o1 all pe~sons whomsoever.
PROVIDED ALWAYS, that ~f Ja~/ce E and ~uentin M .ihson ~ _, the Makerls) oi ihat
[Inse~t Namelsll
certa~n prom~ssory note dated the date hereot hhe Notel, their ~,~s, legal represemai~ves or au~gns shall pay to Mo: [yagre
'~ tne pnnc~pa~ sum ot S 6 ~ 42 3. 2~ as ev~denced by the Note, wrth mterest and upon ~he terms as prov~dcd the~em, the hnal
maiur~ty d3te oi ~he Note and ol th~s Mortgage be~ng Februar.v 7 . 19 8~L- , wh~ch Note provufes that
all ~nstaliments of pnnc~pal and mterett are payabte at the ot(~ce ot Mo~tgagee, or at wch other place as the holder may dez~gnate ~n
wr~t~ng, and that each maYer ard endorser agree to pay a:l costs of collecuon, ~nclud~ng a reasonabte attorney's tee, upon defau~t ~n the
payment ot the Note, and that ~i de(ault be made ~n the payment oi any ~nstallment thrreunder and that ~( wch defau~t K not made
good ~n accordance with the terms of the Note, ihat the enlue pnnupal wm and accrued, earned ~nterest shall become due ancf peyable
w~thout not~ce at the optwn of the hokler thereof; a~d shall pertorm and comply w~th each arxf eveiy st~pulat~on, agreemem and cnv-
enant of the Note and o~ th~s Mortgage, then th~s Mortgage a~d the estate herel~y created shall be vo~d, other~rwse the same shali rema~n
~n tuU torce. Make- cOVenants to pay ihe ~nterest and prmupal promptly when due. Mortgagor covenams to pay the taxes and assess-
~ rr~nts on sa~d properly; to carry mwrance aga:r.s! tue on the bu~ld~ng on sa~d iand tor not less than S n,a , approved
by the Mortgagee, w~th standard mori~age loss clause payable io Mortgagee, the poiecy to be hetd by the Mortgagee and to keep ihe
bu~id~ng on sa~d land in prpper repa~r.
x
r
~
~
~
Gi
~~~
I
W~
--+i
U~
a:
a;
.i
y°:
:li;
~ w~
:J
a xj
~ C;
~j
r [fj~
~ '
Ci
. -3~
~ . J7'
Th~s Mortgage shall secure not only ex~st~nq ~ndebtedness, but aiso wch tuture advancez, whether such advances are abl~ya-ory or
to be made at the opt~on of Mortgagee, or otAerw~se, a: are made w~th~n ~wenty 120) years irom the date hereoi, to the same extent as
~1 wch future advances were made on the date o~ the execuhon ot th~s Mortgage, but wch secu~ed ~ndrbtedness shail not exceed at any
t~me the max~mum pr~nupal ~,«,~~ oi 5_ n/a plus ~nterest, arxf any d~sburzements made for the payment
oi taxes, lev~es, or mzwance, on ihe Mortgaged Property, wrth interest o~ wch d~sburseme~ts. Any wch lutwe advances, whetAe+
obtgatory or to be made at the opt~on of the Mortyagee, or otherw~se, may be made e~ther pr~or to or aiter the due date of the Note or
any other notes secured by thts Mo.tqage. Th~s Mortgage ~s g~ven tor the speal~c purposr ol 5¢cur~ng any and a1i ~ndebtednesz by the
Makes to Mortgagee (but ~n no event shal~ tl~e secured ~ndebtedness exceed at any txne the max~mum pr~nc:aal amount set torth in th~s
paragraph) ~n whateve. manne~ thn ~~debtedness may be endenced or represented, untsl th~s Mortgage ~s sausf~ed o~ record. All cave-
nants ard agreemeMS conta~~ed ~n th~s Mortgage zhatl be appl~cable to all (u~ther advances made by Mo~tqagee to Maker under thK
lutu~e advance ctause
Should any ot the above tovenants be broke~ then the Note arx) all moneys secured hereby shali, w~thaut demancf, ~t the
Mortgagee, so etect, at once become due and payabie arxf fhis mortgage may be ioredosed, and a~l costs ar~d expenses of coilrct~on arxl
reasanaple attOrneyS' feBt, ~n~lud~rtg costs, expensrs and reasonable attor~eys' lees on appeat, ~t coliec~eef by I~~gal proceeFf~ngs or
th~ouqh an attorney at law, shalt be pa~d by the Maker, and the same a~e hereby secured.
IN WITNESS WHEREOF, the blcrtgagor has?xecuh~f th~s Mortgage as of the datr hrst atx,ve set lorrh.
S~yned, yealed artd dei~ver¢d
~n our pseience'
~ : / i2~v". yyL/s .y~~ - -
STATE OF
COUNTY OF
nj :A~~1~-TN~i $-~n
f3'•' -
T'~ ' •~ ;: c ` ~ 4~'~~=
~ : ~ ~ _:~t;4i,
.~~lL ~j~ ~ . ~t'.,/`.y'r
aiT ~`~`. ,
a .~` ~,Y~~~y. .,~.
.~. ~ :~- .
FLORIDA
ST. LUCIE
AL)
1 MEf1E'gY:~,ERTIFY, that on thn day, Lefore me, a~ off,cer duly authonred in the Srate aforesad and m the Coumy aforesa~d
~ '- ~ e • ~ '„ 4
to ~'-ackd~~~~ents. Pe.sonaUy appPared .Tp~i^P F_ t~. ~Pn i n_~L. C~? hsS~ me known to be the persor. descr~bed
;Y~•,.r"•. •
• (,+~r?.a~~Wt~ e 1he forego~~a mstrument and they ~knowledged belore me that the execu*wf the same.
a so t 4-000-7 Rev. 8/77 ~'~. :". ~
.•
~:~~.v-....-u, _. ~ - . - =
and otlrc~ai sea~ tn the Cou~ty and State ~ast aloresa~d thn Sth d y ot February __
Noia~y Pub~~c ~~~~~A1E Of fIORIDA AT U1~f
My Comm~ssron Expue
~rR~ (~c~p MY C MISS:ON fX-IRES /JR. 23 1982
n1~K •J~~ P~GE c7~,0 ~ot~ ~-~w c~~tu p~ts. tt-rotRr.~ur~ts
c .~..~......«
-- _ _~r~ISEALI
~
.~ , ~.~ ;~~