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Home My WebLink About0975 g~ ~ ~ ~~so~s Direct Property Related l With Future Advance ' T sIS A BALIOON MOR1'GAGE AND THE FINAL PAYMENT OR THE BAIANCE UUE UPON MATURITY IS ~20.729.19 , TOGETHER WITH ACCRUEO INTEREST, IF ANY, AND ALL NDVANCEMENTS MADE BY THE MORTGAGEE UNDER TNE TERMS OF THIS MORTGAGE. ~ MORTGAGE THIS MORTGAGE, made this 4th ~y of Febniarv ~ A.D., 19.$~L_.between Brian R. Sager and Marilm SaQer, his wi e~~~~) e~ Sun Bank o£ ~t. Lucie Co~nty ja., oT a~~~(Mortgageel; { (NAME OF LENDER) t WITNESSETH, that Mortgagor, for and in c~r?sideration of the premises and in order to secure the payment of the principai f and interest on the ~ote (as hereinafter defined), Mortgagor hereby grants, assigns, transfen and mortgeqes to Mortgagee, its succeuors and assigns forever, the following described real property in ----~t. Lucie County, Flo~ida, to wit: Lot B, Block 24, QUEENS COVE, UNIT 2, according to the Plat thereof, as recorded in Plat Book 20, Page 6, of the Puhlic Records of St. Lucie County, Florida. ~ THIS IS A FIRST MORTGAGE ; (hereinaher referred to as the Mortgaged Property); and the Mortgagor dces hereby fully war~ant tAe title to the Mortgaged Property and will dafend the same agairut the lawful claims of ali persons whomsoever. PROVtDED ALWAYS, that if Brian R. saeer and Marilvn Sa~ r_ hia fgthe Maker~s) of that certain (INSE T MEIS)) promissory note dated the date hereof (the Noie), heirs, legal representatives or assigns shall pay to Mortgagee the principal sum of S 134 .000. 00 ~ eY1~~ by the Note, w ~nterest and up~n the terms as provided therein, the final matu- rity date of the Note and of this Mortgage bei Februarv ~ yl ng - . 19 , which Note provides that all installments of p~incipal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in writing, and tfiat each maker and endorser agree to pay all costs of collection, induding a reasonable attorney's fee, upon default in the psyment of the Note, a~d that if default be made in the payment of any installment thereunder and that if such default is not made good in acoord- dance with the terms of the Note, that the entire principal wm and accrued, earr~ed interest shall beoome due and payable without notice at the option of the holder thereof; snd shall perform and oomply with each and every stipulation, agreement and covenant of the Note and of this Mongage, then this MoRgage and the estate hereby created ~hall be void, otherwise tfie s~me shail ~emain in full force. Make~ oovenants to psy the interest and pri~cipal promptly when due. Mortgegor covenants to pay the taxes and assessments on said property; to ~Ceep the impravements now existing or hereafter erected on the property inwred sgainst loss by fire, hazards in- cluded within the term "exLended coverage", and such other hazards as Mortgaqee may require and in such amount and for such Periods as Mortgagee may require, with a company approved by the Mortgagee, with a standard matgage lou dause payable to Mortgagec, the policy to be held by the Mortgagee; and to keep the building on said land in proner repair. The loan represented by this Mortgege and the Note is perso~al to the Mortgagor and the Mortgagee made the loan to the Mortgagcx based upon the cxedit of the Mortgagor and the Morigegee's judgment of the ability of the Mortgagor to repay all wms due under this Mortgage, and, therefore, this Mortqage may not be aswmed by any wbsequent holder of an interest in the Mortgaged Property, except as provided herein, without the prior express written consent of the Murtgagee. If all or any part of tfie Mortgaged Property, or any interest therein, is sold or trensferred (including a transfer by agreement for deed or land contract) by Mortgagor without Mortgagee's prior written consent, excluding (a) the aeation of a lien or encumbrance subordinate to this Mortgage, (bl - the creation of s purchase money security interest for househdd appliance, (c) a transfer by devise, descent or by operation of law ` ~ upo~ the death of a joint tenant, or (d) the ~ant of any lessehold interest of 3 yesrs or less not containing an option to purchase, ' Mortgagee may, at Mortgagee's option, decl~e sll sums secured by this Mortgage to be immediately due and payable. . ~ This Mortgage shall secure not o~ly existing indebtedness, but also such future advanoes, whethe~ such advances are obligetory or to be made at the option of Mortgagee, or otherwise, as are made within twenty (20) yean from the date hereof, to the same extent as if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not excxed at any time the maximum principal amount of S plus interest, and any disbursements made for the payment of taxes, ~ levies, or insurance, on the Mortgsged Property, with interest on such disbursements. My wch future advanoes, whetfier obligatory or = to be made at the option of tfie Mortgagee, or otfierwise, may be made either prior to or after the due date of the Note or any other ` ; notes secured by this Mortgage. All oorenanu and agreements oontained in this Mortgage shall be aRplicable to all further advances t made by Mortgagee to Maker urider this future edvance clause. ; Should any of the above covenants be broken then the Note and all moneys sec:ured hereby shall, without demand, if the = ! Mortgagee so elect, at once become due and payable and this mortgage may be foredosed, and all cosu and expenses of collection and ~ reasonable attorneys' fees, including costs, expernes and reasonaWe aitorneys' fees on appeal, if collected by legal proceedings or F through an attorney at law, shall be paid by the Maker, and the sarne are hereby secured. i IN WITNESS WHEREOF, the Mortgegor has executed this Mortgage as of the date first aboye set forth. E ~ THI~~~ q~ALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BAIANCE DUE UPON MATURITY IS ~ $120, 1 , TOGETHER WITH ACCRUED INTE~iEST NY, AND ALL ADVANCEMENTS MADE ~ BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. ~ Signed,sealed and delivered / = in our presence: { ~ ~ ` AL) ~ ~ > ~ ~ ORTGAG 1 : U ° ~ \ ( \ (SEAL) x ~ ~ (MORTGA 1 W ~ STATE QF F LOR IDA ) ~ ~ f y e COUNTY OF St.Lucie ~ # ~,A ~ I HEREBY CERTIFY, that on ~is dsy,.before me, and officer duly authorized in the State aforesaid and in { z,~ the County aforespid to ke acknowkdQrt?enu, pe~sonally ~ppeared -Brian R. Saster and Marilyn ~ j,., o Sa~er, his wi~e to me known to be the person described in and who Q ~ ,.~c executed the foregoing instrument and~~-- the~ :~~N,~~ they y p~ ~ executed the same. ~ , 9~ before me that y ~ ~ WITNESS h~ aand and offidal teal in the 86nty and Sute last aforesaid ihis 4th day of F ~ ~ - , A.D., 19 ~J~~:~t~( ~ ~ ~ Notary Public lOT~lf~"Pfie~~~4~~~i~OAIDA ~j~ ~ . 4-6015-000•6 (Rev 4/84) mw ~tr toutstlet Exv ,tu~E 1S.~~a ~k ~'~I ~~rse bg ~ BOqEO 11tRU 6EMfAAI I~S. IiD~ ~ b v .'TV ~ . . . . . . . . ~ . ~ . . " ~ ~