HomeMy WebLinkAbout0925 w - '734Q5U ~
.3MART MONEY EOUITY MORTGAGE
THIS MORTGAGE. Made this 19Lh day ot November A.D. 19 85 ;
between ~~~gago~ and ~
(Mortgagee).
W ITN ESSETH, that Mortgagor, tor and in consideration of the premises and in order to secure the payment of the pr~ncipal
and interest on the agreement(as hereinafte~ delined), Mongagor hereby grants, assigns, tran ters an~t morlgages to Mort-
gagee, its successors and assigns toreve~, the following described real property in S~ . LUC I E
County, Florida, to wit n~'
1
UNIT 906, in Islandia lI Condominium, according to the
Declaration of Condominium of Islandia lI Condominium, recorded
in O.R. Book 397, pages 2862 et seq., Public Records of St. Lucie
County, Florida (the Declaration of Condominium), together with
an undivided share in the Common Elements appurtenant to such ;
Unit and all other appurtenances to such Unit as set forth in
the De la io f Condominium.~a+'
c~~ - M hy~Mk 01 TM~N
Dw Oe 01N~ "C" I~hMt10h ti~so+~M ho0~?~
Nunuant 1b CA~I~r 71, i~. /lctt Of 1~71. ~ oS 69a
~ .n~g H 1
ROG[R MITM~ ~ Z~E~ ~~NVB 59NIAV5
A F I RS~~(~9~'~I~L . ti3~NOld N`r~~ti3Wr
~ P~°'d :°M ~+s~'1 ~Il
~hereinafter referred to as the Mortgaged Property); and the Mortgagor dces hereby fully warrant the title to Mortgaged Pro-
perty and wifl deiend the same against the lawful claims of all persons whosoever.
PROVIDED ALWAYS, that it PAUL J. KATZAN AND J EAN A. KATZAN the Make~s) of that certain.
(Insert Name(s)~
Smart Money Credit Agreement, credit line number- 1-430023
dated - November 1~, 1985 , their Heirs, legal representatives o~ assigns
shall pay.
to Mortgagee the principal sum ot $ 50 _ 000 _ d0 as evidenced by the Agreement, with interest and upon
the terms as provided therein, which Agceement provides that all installments of principal and interest are payable at the office
of Mortgagee, or at such othe~ place as the holder maydesignate in writing, and that each maker and endorser agree to pay all
costs of collection. including a reasonable attorneys fee, upon default in payment of the Agreement, and that if detault be made
~n the payment c~ a„r ~.,s.a..meni th~c2~^~er and that ii such c+stault is noi rna~+e good in accordance wiih the terms of the
Agre~ment, that the entire payment sum and accrued, earned interest shall become due and payable without notice at the op~
t~on of the holder thereof; and shall perform and comply with each and every stipulation, agreement and covenant of the
Agreement and ot this Mortgage, then this Mortgage and the estate herebycreated shall be void, othenrvise the same shall r~
main in full force. M aker covenants to pay the interest and principal promptly when due. M ortgagor covenants to pay the taxes
and assessments on said property, to carry in~~.~r~nce against fire on the building on said land for not less than the full insurable
value, approved by Mortgagee with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mort-
gagee and to keep the building on said land in proper repair.
The Mortgage shall secure not onlyexisting indebtedness, but also such tuture advances, whether such advances are obli-
gatory or to be made at the opt~on of Mortgagee, or otherwise, as are made within twenty(20) years from !he date hereof, to the j
same extent as if such future advances were made on the date of the execution of this Mortgage, but such secured indebted- ~
ness shall not exceed at any time the maximum principal amount of ~S.Q_~ OQQ _ 00 plus interest, and disburse ~
ments made tor the payment of taxes, lev~es, or insurance, on the Mortgaged Properry, with interest on such disbursements.
Ariy such future advances, whether obligatory or to be made at the option of the Mortgagee, or otherv+rise, may be made either ;
pr~or to or after the date of the Agreement, or any other Agreement secured by this Mortgage. All covenants and agreements
conta?ned ~n this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this tuture advance ,
' ~~~ause.
! Should any of the above covenants be broken then the Agreement ar~d all 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 costs and expenses
ot collection and reasonable attorneys fees, including costs, expenses and reasonable attorneys fees on appeal, if collected
by legal proceedings or 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 ot the date first above set forth.
f'
~ }
F 0° Signed, sealed and delivered in our pr ce:
~
F O ' r
~sEAu
~ a ~ (M agor~ P 1 J. ~C tzan
~ W ~ 21 A 9 :
a (SEAL)
. ~ rtgagar~ e a n a a n
; STATE OF OR I DA ) FtLED
~ SOGER F'_:,; _ ~~.~~-7
W COUNTY OF MA RT I N 1 ~
~ ~ 1 HEREBY CERTIFY, that on this day, before me, an officer duly aulhorized in the State aforesa~d aad in the
; ~ County aforesa~d to take acknowledgements, personally appeared ul l K?t?an ard .IP~i~,A. ~ta me
~ Z known to be the person described in and who executed the toregoing instrument and __r_,~P~t,
~ - acknowledged before me that - exeS~i.+~f u~e ~T'G•
~ ~ WITNESS my hand and otficial seal in the Counry and te last a oresaid thi - M
; ~ day ot N~vpmhpr , A.O., 19 ~ -
~oT~~r w?~ire si~rc a ?~a~to~ ; ~ ~
` . v~
f R1i COAAISSIO! E1fP, SEpT 6,1985 '
~ en~rxo :'MGU SErf~~l I~S. ~ip. Notary Publi ',`''r v:
~ My Commiss Expires: '''~<<,.. .
g ~.386 3~K 4~~ P~~E y~:~
t}:
~
~ -
_ . • _ . .
~ - -
a -