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HomeMy WebLinkAbout0945 1 D'+rect Property Related 544319 ~ ~ r'T' With Future Advance ~~3?9 3 MORTCiAGE a ,1~ THIS MORTGAGE, made this 28th ~Y a september aD.,19 81 ~~g~ Vicki Sidss Ledlow ~ Sun Bank of St. Lucie County [n~,e a s~, e~~ wrrNESS~, ~ rNorc~, ror ~a M oa~aera~ a~ a~ ~~d oroe~ ~o ssau. n~• ~c a tne ~~,a- pai and interest o~ the note (as hetei~siter ds~flned)~ Mortpa~r herebY 9raMS. ess~a trensfers and mort~pse ~o Mor~~pee~ its ~iuopeg~gpfg Snd 8gg~gn8 (Ofgvg~~ th6 }pnpyy~~ ~ ~ ~ St . Lucie ~ - Fiorida, to wit: I 5 4~ 5 9 0 ` '!:,IfIt1 ~~t3 Lot 6, Block 50, Unit 7, INDIAN RIVER ESTATES, accordinq to the plat therenf ^;n~ recorded in Plat Book 10, page 75, of the Public Records of St. Lucie County, g Fllorida. `;~i'(~ Q~T -s ~ ~ ~is Ut THIS ZS A SECOND MORTGAGE. o~, ,ilJp.yMUR' ~f *KL r~~ : i~Lhl ' ~nl f d ~j~~i .~P ~ ~ ~ l ~ ~ R:~~ i~ S~ ~d s S'~t'_~~f CLJ~i Y.i lA DUE OM CL ~i ~h• . : ~ t••".•i•QY• w kCGCFi P011RA5 Puaww~uii To u~ar~_: R~,s oF ~~n , , ~~,r C_EKK CIRCU~T COURt ~ r r ROGuZ P~{l~AS RECOAU YERIFiEO ' f' camc a~q~t co~. aT. wac ca Pu~. 3~~; f t0 I r ; 544319 . 4 !--~r~; ~ ~ ~ (hereinaRer referred to as the Mortgaged Property); and the AAortgagor does hereby iully warraM the title to the Mortgaged Property and vyiN defend the same against ttte Iswful daims of ail persons whomsQever. PROVIDEO ALWAYS. that if Vicki Sides Ledlow ~~~~~s~ [~nsert Name(s)] promissory note dated the date hereof (the Note). her ~ a~~ ~I pay to Mortgagee the prinapal sum of S 6, 064 . 48 ~q ~(yy the Note~ with iMerest and upon the terms as provided tl~erein. the ~ fina! maturity dette of the Note and of tttis MortgBge being October 1 , 19 91 , which Note provides ~ that all instaliments of principal and iMerest are payabie at the oifioe of Mortgagee. or at such ower place ss the holde~ may ` designate in writing. and that each maicer and endorser agree to pay aM co~ts of cdlection, induding a rea~so+~able attomey's tee, upon defautt in the payment of tl~e Note. and that if default be made in the payrner?t of any instelkner~t thereunder and that if such defautt is rat made good in acoordance with the terrns of the Note, thatthe e~ire prir~ipal sum and aocrued, eamed inter- est shall becorr~e due and payable without notice at the option of the holder tfiereof: and shall perform and oompty with each and every stipulatior~, agreement and oovenant of the Note ar~d of this Uten ttas created shall be void, otherwise the sarne shall remain in tull forc:e. Nlaker~ oov~tts• to when ~e. oovenants to 0o pay the interest and P~~+P~ P~Y ~9a9a PaY the taxes and assessments on said ~operty: to carry instAanoe against fire on tfie building on s8id land for not less than S n/a , wittt a~panY approved bY ttte MortgAgee, with standard mortgatge loss dause payabie to Mortgagee, the policy to be held by the AAortgagee and to keep the buibding on said lartd in proper repair. ' This Mortgage shall secure rwt onty existing 'uidebtedness. but also such future advances. whethe~r suct~ advanoes are I obligatory or to be made at the option of Mort9agee~ or otheiwise. as are made within Mrert~r (20) Years from the date hereof~ to j the same extent as i~ such future advances wete made on ttte date of the execution Of this Mortgage. but such secured indebt- ~ edness shall not exoeed at any time the ma~dmum principal amount vf s n/a p{us interest, and any dis- k bursements made for the payment of taxes, levies~ or insuranoe. on the MortgAged Property, with interest on stx~~ disburse- ments. My such future advances. whether obligatory or to be made at the option of the Mortgagee. or otherwise. may be made ~ either prior to or aiter the due date of the Note or any other rates secured by this Mortgage. All oovenants and agreements con- ~ tained in this Mortgage shall be applic.able to all further advances made by Mortgagee to Maker under this future advance ~ Gause. Stwuld any of the above covenants be broken then tfie Note and all rtwneys seaured hereby shall, without demand. 'rf the ~ ~ Mortgagee. so elect, at once become due and payable and this mortgaqe may be foreclosed, and alt oosts and expenses of collection and reasonable attorneys' fees, induding costs. expenses and reasonable attomeys' fees on appeal, 'rf ooilected by ~ ~ ~egal Proceedings or through an attomey at law, shall be paid by the Maker, and the same are hereby secured. IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. • Si9ned. sealed and delivered in our pr 0\ ~ c ~ ' ~~~s~. ~ ~~~~Q.~GG~_ sEn~ ~ , . m ~ c. td'Q c Lc SEAL ~ ~ (~rt9a9~) ( ) ~ ~ W ~ ~ STATEaF FLORIDA j ~ ~ ~ ~ ~ COUNTYOF ST. LUCIE ~ ~ ~ I HEFiEBY CERTIFY, that on this day, before me, an officer duly authorized in the State aforesaid and in the ~ ~f, ~ O V~J{J~ 61~WO~ t0 lQI~Q 8~~w~~~~~ r"", ~A M7'1 `~YY`~~~ Vl(_~C 7 ~ 7~P S T.Li~1Q~ mQ ~ x known to be the ~E. ~,in and who execxited the fotegoing instrument and she adcnowl- ~ ~ edged before rtZd . ~ Cuted the same. i _ WITNE$S oMl~'~~I jn the Cou~ty and State last aforesaid this 28th da of ' ~ ~ Septembe~ ~ , Y ~ !1~ 4 , ~ . ~ - i FS ' ~ ` . , 'f~," b i ~ ; . ~ ^'.l.l~.' L . ~iL.o ~ ; j . ~ Natary Pu --T • ~ C.OIY1 E f~TARY PUBLK STATE OF fICAiDA A1 lARuf E ~'%,c~ ''~s` 1tr' ~ J~ 4~01~OOa7Ndl~1 ~ OR M,Y COMM~jSiO;~ E~PIRi$ :UtdE i0 IY85 Wtvp%D jtiRU GENE1tA1 1NS. UNDfRWR1iFJ~ ` - ~00~~4 PAGE 945 - -