The URL can be used to link to this page

Home My WebLink About0918 `1 K~~. ~.oo 10 . 65DS ~~1~ Direct Property Rel~ted 14 . 18TX With Future Adwnce MORTGAGE THIS MORTGAGE, msde tfiis _ 5th ~y of October ~ , A.D., 19 ~4 b~twesn L lMortgsgor) and her us a lMort~9se1''0 (Name of Bank) , WITNESSETH, thet Mortgeqor, for snd in c.~nsidaration of the premises and in order to secure the paYment of the principsl and interest nn the ~te (as hereinaher defined), Mortsisgor herebY 4~anu, as;igns, transfan and mortqages to Mortgagee, iu successon and assigns forsver, the following described ~esl property in St e County, Florids, to wit: The South 15 feet of Lot 14, ar.d all of Lot 15, Block 5, Wilbuwe Subdivision, according to the plat thereof as recorded in Ylat Book 6, Page 24, of the Public Records ).vo'E~~3 Received 3--L-~- ' . ^ ; ,Yes of St. Lucie County, Florida. o^. . i . . THIS IS A SECOND MORTGAGE 1. Cterk Ciicui! Cou: t, '~t. Lu~. ~;o., : :a. ' " ' ~ (hereinafter rafeRed to as the Mortqsged PropertY?; and the Mortgagor does hereby fully warrant the title to the 11Aortgaged ?ropertv and will defend the same againrt the lavvfu! daims of all rsons whom:oever. , PROVIDED A~WAYS, that if Laverne ~roctor Harrison & Lewis E.Harrison ,~e Makc~(s) (Insert Namels)1 their of that certein promissory note dated the date hereof (the Note), heirs, legal representatives or assigns shall pay to Mortgagee the principal sum of S~,Z-~.A3_._at evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being nr}n}~PT' ~ , 19 ~.4._, which Note provides that all installments of prinapal and interast are payable at the office of Mortgagee, or at such other place as the holder may designate in writing, and that each maker and endorser agree to pay all costs of coliection, including a reasonable attomey's fee, upon default in the payment of the Note, and that if default be mede in the payment of any instaltment thereunder and tfiat if wch default is not msde good in aocordance with the terms of the Note, that the entiro principal sum and accrued earned inte~est shall become due and payabla without notice st the opiion of tfie holder thereof; and shall perform and comply with aach and every stipu- lation, agreement ar?d covenant of the Noie and of this Mortgage, then this Mortgaye snd the ertate hereby cxeated shall be void, otherwise the same shall remain in full force. Maker covenarm to pay the interest and principal promptfy when due. Mortgagor covenants to pay the taxes and assessments on said property; to keep the improvementx now existing or hereafter erected on tfie property insured ageinst loss by fire, hazards induded within the term "extended coverage", and sud'~ other hazards as Mortgagee may require and in such amounts and fo~ such periods as Mortgagee may require, with a company approved by tfie Mortgagee, with a standard mortgege toss clause payable to Mortgagee, the policy to be held by the Motigegee, and to keep the building on said fand in proper repair. The loan represented by tfiis Mortage and the Note is personal to the Mortgagor and the Mortgagee made the loan to the Mortgagor based upon the cxedit of the Mortgegor and the Mortgagee's judgment of the ability of the Mortgagor to repay all sums due under this Mortgage, and, therefore, this Mortqage may not be aswmed by any wbsequent hdder af an interest in the Mortgaged ! Property, except as provided herein, without ttte prior express written consent o` the Mortgegee. If all or any part of tne Mortgaged ~ E Property, or any interest tfierein, is sold or transferred (induding a transfer by agreement for deed or land conuact) by Mortgagor ~ without Mortgagee's prior written consent, exctuding (a) the cxeation of a lien or encumbrance wbordinate to this Mortgage, (b) ; the creation of a purchase money security interest for household applia~ce, (c) a trartsfer by devise, descent or by operation of law k upon the death of a jant tenant, or (d) the gront of any Isasehold interest of 3 years or less not containing an option to purchase, I ~ Mortgagee may, at Mortgagee's option, dedare all sums secured by this Mortgage to be immediately due an~l pay:~ble. ~ ~ ~'his Mortgage shall secure not only existing indebtedneu, but also such future advances, whether such advances are oWigatary ~ or to be made at the optio~ of Mortgac~ee, or otherwise, ~ are made within twenty (20i yean from the date hereof, to the same extent R as if such future advances wefe made on the date of Me e'jecution of this Mortgage. but such secured indebtedneu shall not exceed ~ at any time tne maximum principal amount of $ n~ a plus inte:~*_, and any disbunements made for the payment ~ of taxes, levies, or insurance, on tfie Mortgaged Property, with interest on such disbursements. Any such future advances, whether obligatory or to be msde at the option of the Mortgagee, or otfierwise, may be made either prior to or after tfie due date of the Note ~ or any other notes secured by this Mortgage. All covenants and agreemenu contained in this Mortqage shall be applicable to all further advances 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, witfiout demand, if the Mortgagee so elect, at once become due and payable and this mortgage may be foreGosed, and afl costs and expenses of coilection ~ and reasonable attorneys' fees, induding cosu, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or throu~ an attorney at law, shall be paid by the Maker, and the same are hereby secured. ~ IN WITNESS W_l.iEft€OF, the MGrtgagor has executed this Mortgage as of the date first above set forth. i Signed, led and delivar9d in our p ce: ~ t: ~ / ' , (SEAL) m ~ ^ (Mortgagor) ~ ~ ~ 9 _ ~ ~ ~ 1 ,~,~~!!~.t.-~~c~~;~?c__ ~ ~ ~ } ~ . (SEAL) ~ C° U (MortgBgOr) 0 ~ ~ ; a •V STATE OF FLORIDA ~ % ~ a COUNTY OF St . Lucie 1 ~ ~ ~ ~ j I HEREBY CERTIFY, that on this day, before me, and officer duly authorized in the State aforesaid and in ' z w the County aforesaid to take acknowledgmenu, personallY appeared Lat~,erne Proctor Harrison and i ~ p LeW1S E. Harrison ~~o me known to be the person described in and who ~ ? x executed the foregoing instrument and t~.'~~ 'i~Y acknowledged before me that thev N ~ executed the same. ~ ~ ~ ~n ~ OCLTNESS my hand and official seal'Tn the Y a~ 8tat las fore,~aid ihis 5th day of ~ ~ • A a- ~ ` C'' ~ ~ ~ ,.f- ~ . ~ ~ ~ : " r~iosa~v'~ubtic ~ ~c... My ~mrtEission Exp~ce~; , , ~ _ S ~ F ~ ~ : ~AE . , i9~?d ~ 4-8014-000-7 (Rev. 4/84) mw ~ p ~ . !`K "o"~ ' ...z - Z iti~ . ~ F~C~!! IMS.` UMt`. PaGE ~O f 8~1K~ . • ~ w - ~ `.,,..ro`~ - ~