HomeMy WebLinkAbout0928 ~
9.00 Rec. ~
lil, 20DS
13 , 4 3TX Direct Property Related
~'~[~~r~ With Futu~e Advance
IV
NfORTGAGE
21st September , ~p , ~g 84
TH IS MORTGAGE made this day of
David L. rc d (Mortgagor) and n
~~n Bank of St.Lucie Countv (Mortgageel;,n„T~
(Name of Bank) 1
WITN~~ETH, that Mortgagor, for and in consideration of the premises and in order to secure ihe payment of the principal
and interest on the note (as hereinafter defined), Mortqagor hereby rants, assigns, transfers and mortqages to Mortgagee, its successors
and assigns forever, the following described real property in ~t uc~e
County, Florida, to wit:
Lot 17, Block 2, BEL AIRE ESTATES, as per plat thereof, recorded in the Public Re~ords
of St. Lucie County, Florida in Plat Book 14, Page 21
Including a 1965 Fleetwood Mobile Home and all improvements on said property. -
Serial Number of ~fobile Home ~tDL4FS4358.
{hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the titie to the Mortgaged PropertY
and will defend the same against the lawful ai f II pe ~ who v r.
PROVIDED ALWAYS, that if ~av~~ La. an~ ~oan~ ~rcher , the Makerls)
(Insert Name(s))
. . e : +L 1,.,...1 ..,,..e~....*~~:..ne n? pctinne el+~ll n~v tn
of that certain prom~ssory note dat t c ~~ettv~ lanc ~vvw?. , • - _ • --r•---..--•--_ ---:i: : ~ .
"~lortgagee the principal sum of S('' 1' as evidenced by the Note, with interest and upon the terms as provided therein,
the final maturity date of the Note and of tfiis Mortgage being Sentember 21 , 19 ~2 , which
Note provides thai all installments of principal and inte~est are payable at the office of Mortgagee, or at such other place as tfie holder
may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attomey's fee,
upon default in the payment of the Note, and that if default be made in the payment of any installment thereunder and that if such
defauit is not made good in accordance with the terms of the Note, tfiat the entire principal sum and accrued earned interest shall
became due and payable without notice at the option of the holder thereof; and shatl perform and comply with each and every stipu-
lation, agreement and covenant of the Note and af this Mortgage, then this Mortgage and the estate hereby created shail be void,
otherwise tfie same shall remain in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor
covenants to pay the taxes and assessmenu on said property: to keep the improvements now existing ar hereafter erected on the
properiy insurEd against lou by fire, hazards included within the term "extended coverage", and such other hazards as Mortgagee may
require and in such amounu and for such periods as Mortgagee may require, witfi a canpany approved by the Mortgagee, with a
standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee, a~d to keep the building on said land in
proper repair.
The loan represe~ted by this Mortage and the (Vote is personal to the Mortgagor and the Mortgages made the loan to the
'Aortgagor based upon the credit of the Mortgagor and the Mortgagee's judgment of the ability of the Mortgagor to repay all sums
due ::nder this Mosiqage, and, therefore, this Mortgage may not be assumed by any subsequent holder of an interest in the Marcgaged
! Property, exceQt as provided herein, without the prior expreu writta~ consent of the Mortgagee. If all or any part of the Mortgaged
P~operty, or any interest therein, is sold or transferred (including ~ transfer by ageement for deed or land corivact) by Mortgagor
I; without Mortgagee's prior written co~sent, excluding (a) the creation of a lien or encumbrance subordinate to this Mortgage, (b)
! the creatian of a purchase money security interesi for household appliance, (c) a transfer by devise, descent or by operation of law
E ~pon the death of a joint tenant, or (d{ the grant of any leasehold interest of 3 years or less not containing a~ option to purchase,
`~1ort~agee may, at Mortgagee's option, declare all sums secured by tf~is Mortgage to be immediately due and payabie.
This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obiigatory
j or to be made at the option of Mortgagee, or oiherwise, as are made within twenty (20) years from the date hereof, to the same extent
~ ~s if such fiuture advances were made on the date of the execution of this Mart9age, but such secured indebtedness shall not exceed
; at any time the maximum principal amount of $ n~~ plus interest, and any disbursements made for the payment
` of taxes, levies, or insurance, on the Mortgaged Property, with interest on such disbursemenu. Any such future advances, wheiher
; ~biigatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note
:,r any other notes secured by this Mertgage. All covenants and agreemenu contained in this Mortgage shall be applicable to all further
~ advarzces made by Mortgagee to Maker under this future advance clause.
~ Should any of the above covenanu be broken then the Note and all moneys secured hereby shall, without demand, if the
k '~tortgagee so elect, at once become due and payable and this mortgage may be foreclosed, and all cosu and expenses of collec:ion
~ 3nd reasonable attomeys' fees, induding cosu, expenses and reasonable attorneys' fees on aapea!, if collected by legal proceedings
~r through an attorney 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 ihe date first above set forth.
5
~ Signed, sealed and delivered
~
~ in our presence: -
z / > / ~r~ z' / G `--'~'t f. ~9 'L--~-~
(SEAL)
~ / ~ ~ (Mortgagor)
~ ~ 't~:. ~~~/l~%~~i~~~~~_ ~ / ' - ~ - ----(SEAU
> '
~ o - lMortaaaorl
~ ~ ~
= s
~ STATE OF FLORIDA )
u
~ C ~
` ~ ~ COUNTY OF St.Lucie )
F n ~y .
Q ,o u
Y i ~ I HEREBY CERTIFY, that on this day, before me, and off~cer duly auttiorized in the State aforesaid and in
z~ o the County aforesaid to take acknnwledgments, personally appeared David L. and Jo3n E. Archer
~ to me known to be the person described in and who
~ z~ ~ executed the foregoing instrument and t e~ acknowledged t~efore me that they
4 ~ executed the same.
G :'VITNESS my hand and officia! seal in the unty d State ast,~foresaid this 21st . day of
~ n~ ~ September , A.~.. 19;, , ~ ~'f-
~ s. ~i~!'Gl-~t~"~"~~-d'~r~.,
F ' _
I,K /~A ' ~ Notary~~ublic
~ t'~;`)K ~'I`I ~~r,E t~~ : , ~~V Corr~mission Expires: • : .:•t,,, ~ _ .
M' "r~i~..,\ Ecc .
-:-6014-000-7 (Rev. 4/&11 mw ? ti-.~ r~::~ ~~S~~F~ ;w~. ,;r~.
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