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HomeMy WebLinkAbout0947 r' - . ~e~ RECf1YE0 f~~_D _~N PA s~tMf u/ Ux:f I ~ / DireCt Pt Related O~E er Cuss ~c' U1T?KC dl._ P r. P:~u,~xtll~ 9 j.~, WithFutureAdvance !'IMiW1Mt To ta.~rTCR n•:.~. :.~?s oF u~4 ec;~R PLi r. ~s m~ ~ ~T, sT. ~ ~r-? • ~ . 544~~ . ~ MORTGIAGE ~3 3 THIS MORTGAGE, mede this 29th _ ~y p~ _ September , A.D.,19 81 , ~~n Harry I. Maheuron Sun Bank o! St. Lucie County ~Name of Sun Bar~c] WITNESSETH, that MatgaQor. for and in oortslderetio~ of tlre premises and in otder to secure the payment of the prind. ipal and interest an the note (as herei~aiter de8nned)~ Matgagor hereby graMa. assigns tranafers and mortga~es to Mortgagee. its sucoessors and assigns forever, the foibwing described reai property in ~t . Lucie ~~ty~ Florida, to wit: I S~ E, 9 i "'Etl~:' ~,:%(~1 PARCEL ONE: The North 120 feet of the East 60 feet of the West 200 feet ~ ~ of the North half of the West half of Lot 11, of the FLORIDA COAST LZNE ~ m CANAL AND TRANSPORTATION COMPANY'S SUBDNISION of the SE~i of Section 34, Y~3~i Township 35 South, Range ~10 East, accordinq to the Plat of said subdivision ~~Z. on file in Plat Book l, page ~3, of the Public Records of St. Lucie County, ~~',D~~~ Florida. LESS the North 25 feet thereof for Tumblin-Klinq Road. - f°,~~. ~ ' M~l ~ I PARCEL TWO: From the North~aest corner of Lot 11 of the FLORIDA COAST LINE ~~:r;~~ CANAL AND TRANSPORTATION COMPANY' S SUBDNISION, as recorded in Plat Book f~'; ' ' ;.t ~ i 1, page ti3 of the Public Records of St. Lucie County, Flarida, run East 110 feet for the Point of Beginninq; thence cdntinue East 30 feett thence rr~ ~r(-} run South 120 feet; thence run i~est 30 feets thence run North 120 feet to the Point of Beqinninq; LESS AND EXCEPTING tl~e North 25 feet for Tumb~in- Kling Road right-of-way. (THIS IS A SECOND MORTGAGE). ~ w,~~~j i U't : (hereinaiter referred to as the Mort9aged PropertY); and the Matgagor does hereby fuily warrant the tiUe to the Mortgaged Property end wiil defend the same against the lawful claims of ali persons whomsoever. PROVIDED AIWAYS. th8t if H~'x'Y I•~euron ,~~~~sj of that c~rtain [~nse~t Ne?me(S)I promissory note dated the data hereof (the Note)~ his heirs. fega~ ~epresentatives or assigns shali pay to Mortgagee the principal sum oi S 8800 . 37 as evidenCed by the Note. with iMerest and upon the terms as provided therein. tl~e { final maturity date ~ the Note 8nd of this MOrtgage being Octaber 1, 1991 g ~e ~g s tnat alt instalknents ~ prin~al arW iMeresc are payable at tne offioe a Mo~tgagee. of at sud, aher place as me no~der may ~ designate in writing. and that each maker and endorser agree to pay aN oo~ts of odlec~on, induding a reasonable attorney's fee, upon defautt in the paymeM of the Note, and that'rf defauft be made in the paymeM of any instaliment thereurxier and that if ~ such defauR is not made good in aooordance witl~ the tsrms oi the Note, that the entire prinapa{ sum and ac~ued~ esrned inter- i est sha11 beoome due and payable without natic~ at the option of the holder thereof; and shal! perfom~ and c~omply with ead~ = crea ~shal! be void,~ol~ rvrise same~shall~remain in~full forc~e Maker oov~ s. ~n ~s Mortgage and the estate hereby wt?en due. Mortgagor oovenants to pay the taxes ar~d assessments on said ~y the gtterest and P~~~ P~P~Y i property; to carry insurance agamst fire on the ~ building on sa+d land for nd less tfian S . with a oort~panY ePProved bY ttte Mortgagee, with standard mortgage loss dause payable to Mortgagee, the policy to be held by the Mortgagee and ta keep the buikling on said land in proper repair. ~ This AAortgage shall secure not only exisUng indebtedness, but also such future ~dvances, whQther such advanoes are ; obligatory or to be macfe at ths option of Mortgagee. or otherwise, as are made within twentY (20) Years from the date hereot. to f the same extent as 'rf such future sdvances were macfe on the date of the execution of this Mortgage. but s~x;h secured indebt- edness shall not exceed at any time the maximum principat amount of Z N~A plus interest, and any dis- ~ bursements made for the payment of taxes. levies, or imsuranoe, on the Mortgeged Property. with iMerest on st~ch disburse- ments. My such future erdvvances. wt~ether obligatory or to be made at the option af the Mo~tgagee. or o#herwise. may be made either prior to or after the due date af the Note or any other notes secured by this Mortgage. All covenants arxf agreemertts oon- tained in ttas Mortgage shall be applicable to all funher advances made by Mcxtgagee to Maker under this future advance clause. Should any of the above coverlants be broken tt?en the NotB snd alI moneys secured hereby shall, vinthout derr?and. ~t the ` Mortgagee. so elect. at once become due and payable and tttis mortgage may be foreclosed, and all oosts and expenses of collection and reaso~able attomeys' tees. indu~ing ooats. expenses arxl reasonable attorneys' fees on appeal. H voilected by tegal proceedings or through an attomey at law, shall be paid by the Maker, and the same are hereby secured. IN WITNESS WHEREOF. the Mortgagcx has executed this Mortgage as of the date first above set forth. Signed. sealed and delivered n our pr . , Har I. Maheur ~ En~~ ) ~ m ~~L,~ 1931 G~; -6 ~'4 9~ k6 ° V f~9a9~) (SEAL) ui _ ..~_•;a # ¢ • . , . . ; a TATEOF Florida ~ ;;~F;'f~c~t~i~s SA ~ W ; ~~F~S CIFCU1T C~uR ~ ~ '~~~1 4 ~ ` ~UNTY~F St. LuCle }pr~,;~~~;,fRIF':R ~ ; I HEREBY CERTIFY on this day, before me, an officer duly authorized in the State aforesaid and in the ; ~ rtty BtOr@88id ~p tg~ persong~~y gpp~ared Harry I. Maheuron to me + known to be ths ~z~ wtto executed the foregoirig insVumertt and he aclcnow~- g=q ~ND~ k• ~ ' M~V~~110• 2 . f . ~-3 F ~ W~TNES$ County and State last aforesaid this 29th ~y pf ~ g Se tember ~ ; 3, ~ t- ' . y~~~ - ? ~ , ~ ~ Notar~ublic ' - ' ~~~~rt~ = s ~ MyCOR1r11SSlptlEXplf@~OTARY FiJ6!IC STATE Gf R~RtDt. AT L;.R;,E 4~014-0Oo-7NN1 - MY CO,~nr.~3SSiGr~ Exi ikFS 1ur:~ iu ~>05 ' " galX~~ P~ 947 ~~D L~U GE,~EiiF.l INS, urvGcAn~~tt~li =