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HomeMy WebLinkAbout0929. pIRECT NOME IMPROVEMENT MORTGAGE ~` ~~_ ~~~ ~~~ W 11N fUTURE ADVANCE SiV4S~ (f• T THIS MORTGAGE. ma~1r th~s __ Sth __ daY ol ._.,---_ Fe ~~y.-----_ _-- -- . A D. 19 ~_ _._ , tK~ween ____ _June CLBarberL a_ sinqle adult _~___ _. _ _ __ .__ ~h~o~~~~yo~i a~d _______Sun Bank _of St. Lucie Count r~ Ft. Pierce____ _ __ __ .__ __ __ __ _ ~ti~o„~~; ~ • •• `-- --- - - I Name ot Sun Bank ) --- - WITNESSETH, that Mortgayor, io~ a~xf ~n cons~de~auo~ ol t1~e prrrn~ses ansl ~n o~dr~ ro u~ure thr payinent ul ~he pr~nupal a~x1 l m~erest on ~he note ias ne~eu~a~ie~ def~nrdl. Mor~yayo~ he~eby g+ants, ass~yns vanslrrs and rno~t~~s to Atu~iyogee, nssuccrssorsand ~ ass~gnt lorever, the tollow~ng desu~ecf iral p~upe~ty m-_-_-- $t. _L11C1@ ---_----_-----_-- County. FbrKla. to wrt. Lot 1, Block 4 of INDIAN HILLS ESTATES, a Subdivision according to the Plat thereof, recorded in Plat Book 10, at Page 32, of the Public Records of St. LuciP County, Florida. ) THIS IS A SECOND MORTGAGB. ~ 1981 FEC 10 A.~ !~ t i - Ftt[C t~1 ~' C(:R; F.~ " '"' S ROGER POITRAti~~ CLERK CIRCUfI CU:tF p ~I ~ ~.; .:rr .=F~ - --- d 516458 yb R°O~~ ~~ in Payment Of Tao~ DW Oft CIN~ "C•. +M~npibte Pwsonal P4~pp~h Panuant To Chap~sr ~1. 134. Acts Of i~1. • ROGER WITRqS Ci~k Ci~cuk Court. St. lucis. Co., Fis. ~ (hereinafrer referred to as the Martgaged Propertyl: and the Mortgagor does hereby fullv war~ani the t~t1e io ihe tdo~~yaged Property arwf w~~i defend the same aga~nst the lawful cla~ms of all persons whomsoever. PROVIDED A~WAYS, that ~f `TLlf1@ C. Barber the Makerls) of that ' (Insert Namelsll ttvtain prom~ssory note dated the date hereof (the Note) her ~,rs, ~egal represen-ai~ves or au~gns shall uay~to Mortgagee the pa:napal sum of S 5. 728. SS as ev~denced by the Note, wrth mterest and upon the terms as prowded therein, 1he ~~naJ matur~ty date o( the Note and of thK Mortgage being Februarv 7 1g 91 , wh~ch Note prowdes that a!t ~nstallments oi pr~~c~pal and ~nterest a.e payab~e at the office of Mortgagee, or~at wch other placr as the holder may dv.~~gnate +n nn~ting, and that each maker and endorser agree to pay a11 costs of collect~on, mclud~nq a reasonable attorney's lee, upon deiauit ~n the payment oi the Note, and that ~f detault be made in the payment of any cnstallment the:eunder and that ~t wch de!ault K ~ot made goaf ~~ accordance w~th the terms ot the Note, that the entue pr~~upal wm and accrued, earned ~nterest shati become eiue and Rayable w~thout not~ce at the opt~on o~ the holder thereof: and st~all perlorm and comply w~th each a~d e~rery st~puialan, agrrement and cov- enant of the Note and oi this Mortgage, then th~s Mortgage and the estate heret~y creatrd shail be void, otherw~se the same shaU rema~~ ~n tull torce Maker covenants to pay the ~nte~est and ~:~~~~pai promptiy when due. Mor~gagoi covenants to pay the taxes and assess- ments on sa~d property; to carry ~nsurance aga~nst ine on Ihe bu~ld~ng on sa~d Iand for not less than S n~a , approved by the Mortgagee, w+th standard matgage toss ciause payabie io Mort9agee, the pol~cy to be hekl by the Mortgagee and to keep the bu~ld~ng on Sd~d land m prop?r repau. ~ Th~s Mortgage shaU zecure not oniy ex~stmg ~ndebtedness, but a1s,o wch tuture advances, whether wch advances are oblgato+y or y.- !o be made at the option of Mo+tgagee, or otherw~se, as are macle vr~thin twenty !20) vrars Irom the date he~eot, to the same extent as ~ ~f wch tutu~e advances wer¢ made o~ the date o1 the execuUC~ oi th~s Mo~tqagr, but such secured ~ndebteclness sha11 not exceed at a~y a t~me the max~mum pr~nc~pa- arr,ount of S n/a plus ~ntPrest, and a~y disbursements made tor the payment of taxes, lev~es, or ~nsu~ance, on the Mortga~ed Pro~erty, w~th ~nterest o~~ wch d~sbursements. Any wch future advances, whether ' oblgatory or to be made at the opUOn of the Mortgagee, or otherw~se, may be made e~iher pnor to or after the due date o( the Notr or any other notes secured by th~s Mortgage. Thes Mortgage ~s g~ven for tAe spec~i~c p~rpoze oi secur~ng any arxl ail ~+xlebtedness by 1he MBker to Mortgagee (but in no event shati the secured ~ndebtedness exceed at any t~me tho max~mum prmupal amount 5et forfh ~n th~s paragraph) m whatever manner th~s ~ndebteclness may br ev~dented or representetl, unt~1 th~s Mortgaq~ ~s sat~sf~ed of recori All cove- ~ nants and agreements conta~ned ~n th~s Mo~tgage shalt be appl~cabie to atl (u~ther advances made by Mortgagee to Maker unJec ~hK ~ future adva~ce clause ~ :~ Should any of the :~t>ove crnrenants be broken then the Note and all moneys secured Ae~eby shall, w~thout demancl, ~t the ~ gage payable and th~s mortgage may be ipredosed, ancf a11 costs and expenses of coRec~~o~ and ~ Mort e, so e~ect, a+ once become due ancl ~easonable attorneys' fees, ~nciuding costs, eapenses and reasonabte a.torneys' ~ees on appeal, ~i co~lected by Iega1 proceed~ngc or ~ through an atto+ney a: Iaw, ~i~ail be pa~d by the Maker, ancl the same a.e hereby sewred :l ~ ~ IN WITNESS WHEREOF, the Mo~tqagor has r.xecuted this Mortgaqe as ol the datr tust ~ovr set forth Sgned, sealecf a~d delrvered m our presence ;~r..~~. ~ ~ -- _ ~~ ~ ;" /i~'----- v V - - ~~ ' _. ~-_ - ISEALI (Mor tyayor ) IMortga3o~) 4SEAl) STATE OF FIARIDA COllNTY QF ST. LUCIE 1 NEREBY CERTIFY, that on th~s day, • n • ~o take acknowledgmenfs, perspnally app~ ~~•'v YY! ~ ` •, ~ ~,j~. ~ ~n and who executed the forego~ng ~nstrum~j~~~ `V - ~ WITfVESS my hand and off~c~ai seal ~fT~iy~~j~~ A D., 19 ~.L__ .1 `.r .la': ~ . ~~~`s~'~ f 4duly authonrecl ~n the Siate aforx~~d and ~n the Cnunty atoresad F. '%Barber ro me know~~ to be the pe~son deunbed '~ ~.:1 ,~.;~ atknQwledged t~elore me that She executed the same. ~~j~toresa~d ~n~s 5th ~ay February ~r t~y Pub1~c 1i07/1RY h±~ TA7E Oi iLORIDA AT LAAGf My Comm~ss~on Exp~res M1f COM S~ON fX~IAfS /1P1. ~3 19A2 .~ ~ ~„~ ~. ~,.~~ E.rv•+~ o•~v~ ~~~3~8 pAlif 929 :~~::. ~ o.so»-ooo-~ R~. sm B~~!( S =~-.::£-_5.... _... . , . _ . . . _ ~ - .~:...:.. .......r.'i:~t+a~