HomeMy WebLinkAbout0932OIRECT HOME IMPROVEMENT MORTGAGE 516461 ~~~~~ ~~Q Q
WITN FUTURE AOVANCE ~
TNIS MORTGAGE, made ~h~s __ 9th ctay o1 February ______ __ r_• A o.. ~~ _~l__ .~,~~w~,
Art Gust Russakis a/k/a Art G. Russakis joined by his wife Paula Da~~~R~~ak~
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~ Sun Bank of St. Lucfe (.bunty ~
------------ -------~----------- IMo~tq.igrel:
'•~ ~~ INams o1 Su~ Bant I
WITNESSETH, that Mo~tgayor, lo~ a~xf ~n tons~dr~at~on ol t~e prem~tes a~d ~n pi~lrr to sew~e Ihr payme;~t u~ thc t~~~~~Pal and
, . ~nterrsl on the note (as here~naUe~ del~nrd-, Mo~tyayo~ hr~tby yraMS, ass~gns ~~ansfers a~~d mortyayrs to A1o~tyagee, ~tssuccrswrsa~xl
ass~gns lo~ever, the lultow~ng descr~ed ~eal p~oprrly m______._~~~dl~.~~________._ ____ ._. Cou~~ty, FbrKta, 1o w~l:
. The South 1/2 of the NE 1/4 of Section 15, Township 34
, South, Range 39 East, less the East 80 feet, the West
~~ 60 feet and South 60 feet f~r public road and drainage
_ _.~ canals right of way.
All lying and beinr, in St. I.ucie County, Florida.
~'"~ THIS IS A SECOND MORTGAGE.
-.
: ~ 516461
^ '~~ . S LIn Perrr~ent Of ?wt
" "" ^ ~s' F`~ ! ~ i ?~ .~ ' ~ Dw Q~ Clal~ "'C" IMsnplbN PMional~Ptop~rry
F~~ti c ~!ri~ ++i c,-M ~tP P~nYant To Chepts- 71,134. A~ts Of 19r71. •
~ti S, ~~..if 4CUHTY,1, ~.
fOGF~ t'CrITR~.y Roc;~ p~xrt~g ~~
--' ..CLCRK C~;CU:T GO~.r~ CI~ Ci~cuk Court. ~t. ~ud~, Co~,. ~N.
. ~
lhere~natter referred to as the Mortgaged Propertyl; and the Mortgagor does hrretry iu'Iy wana~t the i~tle to the MortgayrYt Pro~~ty
a~d w~~i detend the same aga~nst ±he lawfui cta~ms oF all pe~spns whomwevei.
PROVIDEU AIWAYS, that ,f ~t GUSC RUSSd~C1S & Paula DdWil Russaki.s , the Maker(s10l that
ilnse.t Namelsli -
cerfa~n p~om~ssory note dated the date hereot (the Note1, their -~,~s, legal reprv~ntat~ves o~ ass~yns shall pay lo Mortyayee
the pr~nupal sum ot S.~~ _~7 as ev:denced by the Note, w~th mtere;t ar~d upon the terms as prov~ded the~e~n, the iinal
matunty date of the Note and ot th~s Mo~tgage bemg ~S:~Lldry 11 , tg .~_ , whach Note prov~clrs that
all ~nstaUments o1 prMC~pal ancl ~nter~t are payat~le at the oi(Ke o( Mortgagee, or at wch other piace as the hokfer may des~gnate in
writing, and that each maker a~d endorser agree to pay a~l costsof collect~on, ~nclud~ng a reasonable attorney's ~ee, upon detault m the
paymeni of the Note, and that ~i detault be made ~n the payment of any instalimrnt therrurxle~ and that ~i K~ch deiault ~s not made
good ~n accorOance w~th the terms of the Note, that the ent~re pr~napai wm a~d accrued, earned ~merest shall becomedue and Nayable
wrthout nol~ce at the opUOn oi the holder thereof; and shall perlorm and comply w~th each and every st~pulatan, ayreement ancf cov-
enant of the Note and oi th~s Mortgage, then th~s Mortgage and the estate hereby created shall be vo~d, otherN,~se the same sha~i remain
~n tull torce. Maker Covenants to pay the ~~te~est and p~~nupa~ 1~romptly when due. Mo~tgagor covenants to ~~ay the taxes and assess-
ments on sa~d property; to cerry msurance aga~nst fne on the tw~id~ng on sa~d land tor ~ot Iess than $ nd , approv!d
by ihe Mortgagee, wrth stancfard matgage loss ctause payabie to Mortgagee, lhe pol~cy to be hekl by thr-Mortgagre ancl to keep the
, bu~kl~ng on sa~d land in prope: repair
~ Th~s Mo~tgage ,iwll seture not o~ly exist~ng ~rxlet~;edness, but also wch tuture aclvances, whether wch actvances are ob:gatory or
to be made at the opt~on of Mo~s~agee, or othe~w~se, as are macfe w~th~n twenty 120) years t~om the date hereoi, to the same extent as
~ ~f ~h fwure advances were macfe on the date of the executwn of th~s Mortgage, 6ut such secured ~ndebtecfness sh'oll not exceecl at any
y t~me the max~mum pr~nc,pat arr.ount o1 $__-jla plus uite~est, and any d~sbursements mSC1e tor the payment
~ ot taxes, iev~es, or ~nsurance, o~ the Mortgaged Pruperty, w~~h ~nterest on wch d~5bu.semenls Any such future advances, whether
obtgato~y or to be made at the optwn o1 the Mortgagee, or otheiw~se, may be made e~the~ pr~or to or alter rhe due date o1 tt~e Note or
e any other notes secured by th~s Mo.tgage. Th~z Mortgage n gwen tor the spec~}~c purpose of srcurmg any and a1{ ~nefebte.iness by the
~ ~ Maker tc Mortgagee (but ~n na event stwll the secured ~ndebtedness exceecl at any hme the max~mum pnnupal amou~t set forth m tha
'~, paragraphl m whatever manner th~s ~ndebtrd~ecs md be ev~denced or r
Y epresented, unt~i th~s Mongage ~s sat~sf~ed oi retord A11 cove-
~~ ~ nants and agreements conta~ned m th~s Mort9ar~e shali be a~l~cable to all furthrr advances macie b/ Moregayer to Maker uncler thn .
~ `ti; 4 future advance clause '
ti .J\ •~
_ Shouid an:: of the abovv covPnants t~r, broken then the Notr anA a11 moneys srcurei{ nereb/ shall, w~thout demancf, it the
~~' Mortgagee, so elect, at once br.~ome due and pa able antf th~s mat prnses of collect~on and
\1 Y ~age may be toreciosrci, ancf atl costs and ea
; ~~\ reason~te atto~neys' (ees, ~n~luA~ng ~pcts, expensrs ancl reasodable attorneys' f~s on appeal. ~i coiiected by ~egal proceed~nqs o~
f~ through an attOrney a! iaw, shafl be pa~d by the Makrr, arxf ~he same a~e hereby secured.
f;~ ~ IN WITNESS WHEREOF, the Mortgagor has rxrcu~ecf th~s Mortyage as of th date tust above se lorth ~
~ ~ O
Sgnecf, yealecl and delrverecl
m our pre ce `. ~
'~I~LC~L ~~ i~ ,--- -------- /~~ • ------ --- ~SEALI
~ ~ ~ \ (Mo~tyagor) ,
- ~. ii. ~~ 't-d^'s~1-- - %~~'i i .'~~z= . ~ ( ~ ~ ~
(Mni tqagor 1
STATEOF FLORIDA
1
COUNTYOF ST. LUCIE COUNTY 'f' '
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1 FlEREBr CERTIFY, that on c~ra~ ~ m~, ~~dthce~ duly autAonred ~n the Stafe aforesaU ancl m the County aforesa~d
~o takr acknowtecfgments, pe~sona~.q~ltF~t 1f~d Paula Down Russak~~me lc~~own ~o be the person descr~bed
„ .-
~R a+x1 who execute~f the foregp~np t~ ~~t and ~ t '~f• acknowledqed before me tha! thAV executed the same.
~ Feb.
WIT8~SS my hand and of~j~~rn 1he Co~1tY3r~d State last ai sard ~h~s ay of ,
A D., 19 it._!. ..~' ,~. A,. - ~
., f.~ , : _.~' , /:
, `~-"-11-~~~i:~~„`~` Notary Publ~~ '
No~-,unr ~~c sr~h a OA AT U1RGE
' ' . My Comm~ss~on Exp r
I ~COMMISSICN E7~-1 AIR. 23 1962
I 4-6014-Q00-7 Rev. B/77 a~f.~-3~~ ~d(~~ V•J~ ~'~ ?I!1! GB+E~AI II~iS. tN~DERN'pi~ ~,,.......