HomeMy WebLinkAbout0922 Recei~•A~ ~ ~ P`~ 1S ` 7 v~~J~ Y i
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Direct Property Relsted
' • • - ' With Future Advanca
• . . • .
' ~
~ MOi~f~AG E;:, . ~ o.. F~a. ~
(lctober , ~p .19 84
TNIS MORTGAGE, made this 2nd day of
~tW~ lMo~tgagor) and
ur~ an o ucie un v iMonya9ee): ,
(Name of Bank) •
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal ~c,' p
and interest on the note (as hereinafter defined), Mortqagor hereby grants, assigns~ transfers and mortqages to Mortgagee, its successors
and assigns forever, the following described real propertY in ~t 1 ~?r ~ P
Y
Ccunty, Florida, to wit:
All of Lot 13 and the South 15 feet of Lot 12, Block 3, of Blakely
Subdivision as per plat thereof recorded in Plat Book 10 at page 50
of the Public Records of St. Lucie County, ~'lorida.
This is a Second Mortgage
(hereinafter referred to as the Mortgaged Property): and the Mortgagor does hereby fully warrant the title to the Mortgaged Propertv
'i defend the same inst the lawf~: claims of all pe?sons whamsoever.
and v+n 1 ~
PROVIDED ALWAYS, that if ~ PW~S Rice .]r ~nd Qaisy F. RIGe , the Makeris)
~~~hei
r~is)}
of that certain promissory note dated t e e eof (the Note1, heirs, legal representatives or assigns shall pay to
Mortgagee the principal sum of S ~~-9~~ as evidenced~Y th Note wi r~t rest and upon the terms as provided therein,
the final maturity date of the Note and of this Mortgage being ~~Ct0~~1" ~,~~y~ , 1g , which
Note provides that all installments of principal a~sd interest are payable at the office of Mortgagee, or at such other place as the hoider
may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney'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
default is not made good in accordance with the terms of the Note, that the entire principal sum and accrued earned interest shall i
become due and payable without notoce at the option of the holder thereof ; and shall perform and comply with each and every stipu- ,
lation, agreement and covenant of the Nete and of this Mortgage, then this Mortgage and the estate hereby created shall be void,
otherwise the same shall remain in full force. Maker covenanu to pay the interest and principal promptly when due. Mortgagor
covenanu to pay the taxes.and assessmenu on said property; to keep the improvements now existing or hereafter erected on the
property iruured against loss bY fire, hazards included within the term "extended coverage", arxi such other hazards as Mortgagee may
require and in sucn amounu and for such periods as Mortgagee may require, with a company approved by the Mortgagee, with a
standard mortgage loss clause payable to ~Jlortgagee, the policy to be held by the Mortgagee, arul to keep the building on said ~and in
proper repair.
The loan represented by this Mortage and the Note is penonal to the Mortgagor and the Mortgagee made tfie 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 under this Mortgage, and, therefore, this Mortgage may not be assumed by any subsequent hdder of an interest in the Mwtgaged
` Property, except as provided herein, without the prior express written consent of the MortgageE. If all or any part of the Mortgaged
Property, or any interest therein, is sold or transferred (including a transfer by ageement for deed or 1a~ contract) by Mortgagor
w~tf~out Mortgagee's prior written consent, excluding (a) the creation of a lien or encumbrance wbordinate to this Mortgage, (b)
the creation of a purchase money security interest for household appliance, (c) a transfer by devise, descent or by operation of law
upon the death of a joint tenant, or (d) tfie grant of any leasehold interest of~ 3 years or less not containing an option to purchase,
I Mortgagee may, at Mortgagee's option, de~lare all sums secured by this Mortgage to be immediately due and payable.
' This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory
or to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 years from the date hereof, to the same extent
as if such future adva~es were made on the date of the executian of this Mortgage, but such secured indebtedness shall not exceed
~ at any time the maximum principal amount of S plus interest, and any disbursements made for the payment
; uf taxes, levies, or inwrance, on tfie Mortgaged Property, with interest on such disbursements. Any such future advances, whether
' obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or aher the due date of the Note
or any other notes secured by this Mortgage. All covenanu and agreemenu contained in this Mortgage shall be applicable to ail further
t advances made by Mortgagee to Maker under this future advance clause.
f Should any of the above covenants be broken then the Note and ail moneys secured hereby shall, without demand, if the
~ Mortgagee so elect, at once become due and payable and this mortgage may be foreclosed, and all cosu and expenses of collection
~ and reasonable attorneys' fees, induding costs, expenses and reasonable attorneys' fees on appeal, if collecfed by legal proceedings
or through an attorney at law, shall be paid by the Make~, and the same are hereby secured.
} IN WITNESS WHEREOF, the Mortgagor has execuied this Mortgage as of the date first above set forth.
G
~ Signed, sealed and delivered
.
~ in our presence:
~ ,~V ~
~ ' • .i!C - if C~u' u- l ~ (SEAL)
~ Mortgagor)
~ r -
' ~ ~
.
~ y ~ c~_ \~~s:~. ~~C~ ~ 1t ~ (SEAL)
~ m ~ ' Mort~a~rl
Q o ~
u U ,
2 STATE OF FLORIDA )
Q y ~
~ a
w •r •r-
; ~ COUNTY OF St. Lucie 1
~ J O
I HEREBY CERTIFY, that on this da before me, and off'ce~ duly ~tfiori ed in th ta e aforesai nd in
~ ~ ~ Y' ~ewis f~ice ~r. anc~ ~aisy E. ~%e
~ cn e the County aforesaid to take acknowledgrrsenu, persanally appear
` g~,.._ > to me known to be the person described in and who
` Q executed the foregoing instrument and they acknowl~dged before me that ~X
~
~ y ~ executed the same.
~ z ~ ~
g WITN~S~ ha~d and official seal in the Cpynty and Sta ~O,res~id-t}~~r 2nd day of
~ N~° 'Q, c o~er , A.D., 19 zs4 ~
~ i c s.
~ . . ~
cn } ?Votary R • ~c ~ r : ~
~c Rr
My Corr~fnis~ion ~x~i~~:i`~/~,itCb~fiQ?I PU"_~' : -•o~^q
. , • yt~ CG ~i r: . : ~ , . . , . : . i ~ ~ 6
4-6014-000-7 (Rev. 4/84) mw , ~ j7~`~`~ ~f~c3f~3E.Q [Niw ~J~:x,;l i:.S ~ Ut:D:x':IRIjEAS
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