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Home My WebLink About0999 ~~S 6 , ~ ~I 3 ~0~5 Dirsct Prop~rty RNatsd ~2 ~ ~ _3 ~ T~ With Futuro Advana MORTGAGE THIS MORTGq GE m~ thi{ 8th ~Y of March , q,p„ ~g 85 , betwe~n Wes Lela d (Matqpor) •nd ,~n Sun Ban o ~ t LLC ie Co~r ~ - (Mortya9ee); I, 7~ ~ (Namt of Bsnk) a WITNESSETH. that Mort~~, for and in conaidention of the premi:es s~d in order to secure tfie payment of the princip~l and interest on the nots (as hereinaftet definsd), Mortqa~or hereby grants assiyns, vansfan and mortasges to Mortgsgee, iu successors and assigns forever, the following descfibed resl propertY in St.Luc~e County, Florida, to wit: Lot 8 less the South 55 feet, Block L, AI.~NDA VISTA, according to the Plat thereof, as recorded in Plat Book 5, Page 49, of the Public Records of ~,~~~y~~ _ St. Lucie County, Florida. Re~~,~Vei Q I~~ m~nt Of TaxeS Du~ On .~,s In: . i,;'~ ~.i' 'ro.'ef Y~ THIS IS A FIRST MORTGAGE Pursuant Tu ri~.~;~ <t, i'::. r.:~~ G~ 1~.1. KU.;~R Pvl [ ~::,5 Cterk Circuit Court, St. Lucie~ Co., Fla. (hereinafxef referred to as the Mortyaged Propartl~): and the Mortgegor does hereby fully wa~rant tfie tide to tfie Mortg~ged Propertv and wil! defend the same ageinst the lawful daims of allpe rsons whomsoevar. PROVIDED ALWAYS, tt?~t if West Lelaad , the Makeris) (Irnert Name(s)) of that certain promissory note dated the date hereof (the Note1, his heirs, legal representatives or auigns shall pay to Mortgegea tfie principal wm of s~.19~ _ as ev;denced by the Note, with+ intercst and upon the terms ss provided therein, the fi~al maturity date of the Note and of this MoRgage being ~~'h ? 9-~~- (Vote provides that all instsllments of principal and interest aro payable at tfia office of Mortg~gee, o~ at such other place as the holder may designate in writing, and that each msker and endorser agroe to pay all costs of collection, induding a re~sonable attomey's fee, upon default in tt~e payment of tfie Note, and that if def~uft bs mads in ths payment of any installment thereunder snd that if such default is not mide good in sa~dance with the teRn: of the Note, that tt~e entiro principal wm and saxued earned int~rest shall becort?e due snd payabie without notice at the option of tfie hddsr thefeof; snd shsll perform and comply with esch and ewry stipu- lation, ayreement snd covanant of tt~e Note and of thii Mortppe, then tl~is Mortg~~e snd the estaLe hereby cxs~~ed shall be vad, otharwise the same shall remain in full fora. MakK covenar~s to pay the interest and principal promptlY when due. Mortgaqor covenants to p~y the texes and ~me~s on said propsrty: to keep th~ improwmsrtts now existin9 or hsro~fLer erecced on th~ pr~perty insured sysinst lass by fire. hazsrds induded within the term "extended coMera~s". and wch otfier hazuds as Mortgagee maY require snd in such amounts snd for such periods ss Mortg~gee msy rsquire, with a company approved by the Mortgeyee, with a standard mortgage loss clsuss payable to Mortg~gee, the policy to be held by the Mortgagee, and to keep tMe building on said land in proper ropai~. The I~an rep~esented by this Martage and the Note is penonal to the Mortgagor and the Mortgsgse made the loan to the Mortgsger based upon the credit of ths Mortgsgor and ths Mortg~gee's judgment of the ability of the Mortga~or to repay all sums due under this Mortg~ge, and, therefore, this Mortgsgs msy not be assumed by any subsequeM hddef of sn interost in the Mortp~qed Property, except ss provided herein, without the prio~ express written consent of the Mortg~~ee. If all or any part of the Mortgsged Property, or any interost theroin, is sold or transferred (induding a transfer by a~eement for deed or Isnd contract) by- Mortgagor witi~aut MoRgegee's priw written consent, excluding (a) the creation of a lien or enambronce wbordinate to this Mortg~ge, (b) the creation of a purohase money security intsrest fo~ househdd appliarws, (c) a transfer by devi~, descent or by operatian of Itw upor+ ths destfi of ~ joint tenant, or (d) the grant of any leasahdd interest of 3 years or less not containing an option to purchase, Mortgsyee may, at Mortgagee's option, dedare all sums secured by this Mortg~ge to be immediately due snd payable. This Mortgege shall secvre not only existing indebtedness, but also wch future sdvances, whether such advances are obligatory or to be made at the option of Matgagee, or athenivise, as are msde within twenty f20) YeKS t*om tfie date hercof, to the same extent as if such future advancxs were made on the date of the ~xecution af this Mortgage, but such secured indebtadness shall not exceed i at any :ime the maxisnum prinapal amount of S n a ptus interest, and any disbursemenu made for the payment or taxes, levies, or inwrance, on the Mortgaged Property, with interest on such disburstmenu. My such future advances, whethtr 4 obligatory or to be msde at the option of the Mortgagee, or othervvise, may be made either prior to or aher the due date of tt~e Note or any other notes secured by this Mortgage. Ail covenants and ageements contained in this Mortgege 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 tt~en the Note and all moneys secured hereby shall, without demand, if the ` lllortgsgee so elect, at o m:due and payable and tt~is mortgage may be foredosed, and all cosu and expenses of col!ection ~ and reasonable attomeys' f ind ding costs, expenses and reasonabla attomeys' feex on appeal, if collected by legal praxedings ~ or ttrrough an attorney at law, all {~aid by the Msker, and the same are hereby sea~red. IN WITNESS WHEREOf , Mortgagor has executed this Mortgage as of the date first above set forth. ~ Signed, sealed and deli in our presence: ~ ~ ~ ~ ~ -ti~ ~ (SEAL? „ ~ _ (Mortgagor) G } ~ (SEAL) ~ Q (Mort$agor) e W U ~ ~ ~ ~ STATE OF FLORIDA ) ~ a r.01., COUNTY OF St. Lucie i N ° I HEREBY CERTIFY, tfiat on tfiis dzY, ~eforo me, and officer duly authorized in the State aforesaid and in x W p- ~ the County aforesaid to take aclcnowi4d~nents~,pe?sonally appeared West Leland ; ~ to me known to be tfie person described in ond who ~ ~ executed the foregoing inmumertt-and • he acknowledged before me that h~ executed the same. ' ' ~ vY„~Tr~F~SS my hand and-offieial ~eal iA tfie~ounty a~d State last a4oresaid this R*h day of € ~ ~ `A'~i, ,fi9 _ ~ Notary Public ~ r ~ 1~~1 My Commission E~~:~ye~jt S1ATF Of iLORIOA ~ '1R ~V~ ~1' COIYIlSSlON EXP ,Jy~ ~5~1488 ~ 46014000-7 (Rev.4/84) mw Z~~~~ VV ~b~if ~iV+J SO~DEO 111RU GEtfEkAt IMS. UND . a ' a y < ~ ~ .Y ; • - "'i:-'~, - r- ~ - - '