HomeMy WebLinkAbout1855~IRECT HOME IMPROVEMENT
MORTGAGE ' S9 -~3~ ~90
WITH FUTURE ADVANCE 516968 ~/
THIS MORTGAGE. macie th~s ---llth _ t1.ly o~ ----- F~brua~ -----_ ---. A o. 19 .81__ . t~e~ween
___` Arthur Kehres_and Virginia l._ Kehres,_ his wife _ _ _ _ _ _ __ __ ~~~~,~~,~ d„~
_ Sun Bank of St. _ Lucie _County, Ft. Pierce __ ___ _ ~Mo~~~~-:
! Name ol Sun Bank ~
WITNESSETH, tnat Mortgayor, loi a~xi ~n cons~de~~t~on ol the p~em~zes antl ~n o~drr ro secu~e the payment ol the p~~nci~Wl antl
~nlerest on the note (as he~e~naftrr def~nrd~, Mo~tyayor hr~N~y y~ants, ass~yns transfr~s and mortyages ro Moityagee. ~tssuccesso~sarxl
St. Lucie
sss~gns to~e~e~, the foflo~v~ng Jesc~~ed ~ea1 p~opritY ~~ -- --------------------- --- CountY. FlorKfa. lo w~t:
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~~ Lot 12 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. Lucie County, Florida.
THIS IS A SECOND MORTGAGE.
~
~e = b. 3 8 ~-~-,n~r a Tu~s
DgE ptC CLAii 'C ENTAltCIBIE PEQSONAL MtOPE~Y•
~, PURSUIINT TO iNAPT,. 71•+?~. ACTi OF l~fl.
~06f11 -~71iRIS
~ CLEp~ CItGWT CO~ftT. tT. LlIC~ p~. lu.Q'~.
1981 fE6 I 3 p~ ~: 42
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S16968
(h?re~nafte~ reterred to as the Mortgageci Propertyl; and Ihe Mortgagor does hereby tuity warrant the t~tie to the l~Aor~gagecf Pr~pe~ty
arxl wi~l detend the same agai~st the lawful clauns ot all pe~sons whomsoever.
1'
PROVIDED ALWAYS, tnat ~f Arthur anti Virginia l. Kehres the Maker(s) o( that
(Insert Namelsll
certam prom~ssory ~ote dated the date hereof Ithe Notel, their ~,~s, legal representai~ves or au~gns shalt pay to Mortgagee
the pnnapal sum oi S 3~ 188' 92 as ewdence~l by the Note, with ~nterest and upon ihe terms ss prowded there~n, the I~nal
ma~ur~ty cfate ol the Note a~d oi th~s Mortgage be~ng February 13 .~g 86 , wh~ch Note provules that
all installments of pr~nc~pal and interest are payable at the o(f~ce of Mortgagee, or at wch other place as the holder may designate ~n
wr~t~ng, a~d that ~ch maker arxl endorser agree to pay all costs of collect~on, mcludmg a reasonable attorney's tee, upon de(ault ~n the
payment of the Note, and that ~f detault be made in the payment oi any ~nstallment thereunder and that ~f wch default K not made
good in accordance w~th the te~ms oi the Note, that the entire pr ~nc~pal wm and accrued, earned ~nterest shall become due and psyable
w~thout ~ot~ce at the option of the holder thereof; and shall pertorm and comply with each and every si~pulat~on, agreement arxf cov-
e~ant of the Note and oi this Mortgage, then this Mortgage and the estate hereby t•eated shall b¢ vod, otherw~se the same shatl rema~n
~n tull torce. Maker covenants to pay the interest and princ~pal promptly whe~ due. Mortgagor covenants to pay the taxes and azsess-
me~ts on sa~d property: to carry ~nsurance aga~nst f~re on the bu~ld~ng on sa~d land (or not less tha~ S n~a , approved
by the Mortgagee, w~th standard mortgage loss clause payable to Mortgagee, the pol~cy to be hekl by the Mortgagee and to keep the
bu~ld~ng on sa~d Iand in proper ~epair.
Th~s Mortgage shall secure not only ex~st~ng indebtednrss, but alyo s;uh tuture advances, whether such advances are oblgatory or
~+
~ to be made at the opt~on of Mortgagee, or otherw~ze, as a~e made w~th~n twenty 120) yeari from the date hereot, to the same extent as
~ ~t wth future ad+ances were made on the date ot the exewt~on of th~z Mort y
gage, but such secured ~ndebtedness shali not eaceed a- an
7
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time the max~mum pr~nc~pal arnount of $ n/a pius ~nterest, and any d~sbursemenis made for the payment
- V ~ of taxes, Iev~es, or ~nwrance, on the MortyagE.d Property, w~th ~nterest on wch d~sburseme~ts. Any wch tuture advances, whether
~ i oblgatory or to be made at the opt~on of the Mortgagee, or otherw~se, may be made e~the~ pr~or to or aiter the due date oi the Note or
' U any other notes secured by th~s Mortgage. Th~s Mort9age ~s g~ven for the specific purpose of securing any and all ~ndebtedness by the
a M~ker to Mortgagee ~but m no event shall the secured ~ndebtedrwss exceed at any time the max~mum pr~napai amount set torth ~n th~s
- paragraph) ~n whatever manner th~s ~ndebtedness may be ev~denced or represented, until ih~s Mortga9e ~s sat~sf~ed ot retord. Ali cove-
_ nants and ayreements conta~~ed ~n th~s tdortgage shall he appi~cable to all further advances made by Mortgagee to Maker unde. th~s
~
y - ~ future advance clause.
.
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` O~ Should any ot the above coverants be broken then the Note and all moneys secured he~eby shall, w~thout demarxi, ~f the
__ ' Mo~ tgagee, so e~ect, at once became due and payable and th~s mortgage may be foreclosed, a~x1 all costs and expenses oi collect~on and
- 'r~ reasonable attorneys' ~ees, ~nclud~ng costs, expenses and reasonable attorneys' (ees on appeal, ~1 coUecteA by Irgal proceed~ngs or
= ~~ through an attorney at law, shali be pa~d by the Maker, and the same are hereby secured.
, ~~
- "'
- ~ IN WITNESS WHEREQF, the Mortgagor haz executed th~s Mortgage as ot the date tusT above se~ forth.
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- ~ Sgned, seaied and detrvered •
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m our presence: .
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--`l~V~'"°" ~~ /~tc-• - ~° ISEAU
~ (h1o~. gagor~
' u~ ~9~~ ISEAl1
(Mortgago~ -
' STATE Of FLORIDtI 1
~ 1
COUNTY QF ST. LUCIE ~- ~
r I HEREBY CERTIFV, that on tAi~-b~~ m~; an ot(~cer duiy authonied ~n the Srate atoresa~d and m the County aforesa~d
~Y~huf & Vir inia l.Kehres
to take acknowfedgments, personally:~ _ g to me known to be tt~e person descr:bed
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u~ and who execuced the toregomg ir~tjymer-4=~jiy' they ack~ow~edged be~ore me that they _ executed the same.
WITNESS my hand and otf~cia~a} ~he~0unty and State last atore th ~~ F@Druary
A.D., 19 ~1 ~.. ~ ~=~F . ~ ' -~
~4,.~ ~~' - Notary Pub R~1C RA FLORI
~ •~= MyComm~ss~ISS10NEX1~ /VR.23198Z
` 6"~r 3~8 ~a~E 1854 ~~ ~ .~,~ ~ . ~w~r~
1 e 5pt4-OOp~7 Rev.B/77 .
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