HomeMy WebLinkAbout0954 Doc Stamps ts. iv i~~ ~?~r- ,~~C 375~
Int Tax 11.60 •
Rec Mtg °.00 ~ i
i Qirect Property Relat
?3 'L~ Wth Future Advance
MORTGAGE ~~7 ~
20th Febr~iary 86
TNIS MORTGAGE ma~~q i day of , A.D., 19
between R~0 MA~ ~l (Mortgsqor) and
-"~'~Tr'"'$AICK'0'f' SI'I:OLZ'E'Z;t3iTlC'T
(Name of 9ank) IMortgagee);
WlTNESSETH, that Mortgagor, for and in consideration of tha premises and in order to sec~re the payment of the principal
and interest on the note (as hereinafter defined), Mortaagor hereby 9~~tuLu~c~~e=' transfers and mortqages to Mortgagee, its succesxors
and assigns forever, the following described ;eal property in
Couniy, Fiorids, to wit:
Lots 5& 6 Block 1470 PORT ST LUCIE SECTION '
' FIFTEEIr', according to the Plat thereof as
recorded in Plat Book 13, Pages 6, 6A through
6E of [he Public Re~ords of St Lucie County>
Florida
(hereinafter referred to as the Mortgaged Property); and the Mortgegor does hereby fully warront the title to the hlortgaged Prmperty
and will defend the same against the lawful daims of all person ~ er.
PROVIDED ALWAYS, that if ---~Q r~AR HOM~S, , the Maker(s)
th~l~ert Name(s)) '
of that certain promi~sory note daied ihe date hereof {the Note1, hein, legat representatives or auigns shall pay to ~
Martgagee the prinapal sum of S 799 - 3~ ~ evidenced by tfie Note, wi int~~t nd upon the terms u provided tfieroin,
*he final maturity ciate of the Note and of this Mortgege bei~g Februarv lyy~ ~g
tdote provides tfiat all instailments o pnnapat and interest are payable at ihe offiea of Mortp~ges, or at such other place u the holder
maY desi9nate in writing, md that ~ maker and endorser agree to pay all costs of collection, including a reasonsble attomay's fee,
upon default in the psyme~t of the Note. and that if default bs made in the paymant of any installment thereundar and tfiat if wdi
default is not made good in acco~dance with the tertns of tha Note, that the entiro principal wm and aoc~ued earrted inierest shall
become due and payable without notice at the optio~ of the holder thereof; and shall perform and comply with each and every stipu-
iation, ayreement and cavenant of tfie Note ar?d of this Mortgage, then this Mortgage and the estate hereby cxeated shall be void,
otherwise the ssme shail remain in full force. Maker cove~ants to pay the interest and principal promptly wheR due. Mortgagor
coyensnta to pay the taxes and auessments on said p~operty; to keep the improvements now exi:ting or heresfter erected on the
properiy insured ageirest loss by fire, hanrds induded within the term "extended coverage", a~d wch ott~er hazards as Mortgagee may
require and in such amou~ts and for such periods as Mortgagee may require, with a company approved by the Mortgagee, with a
standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee, and to keep the building on seid land in
proper repair.
The loan represanted by this Mortage snd the Note is perso~al to the Mortyagor and the Mortflagee made the loan to tt~e
Mortgegor based upon the a~edit of the Mortgsgor a~d the Mortgagee's judgment of ttse ability of tt~e Mongagor to repay all sums
due under this Mo~tgage, and, tt~erofore. this MortQage may not be assumed by any wbsequent hdder of an interest in the Mortgaged
Property, except as provided herein, without the priar express written consent of the Morigagee. If a1! or any part of the Mortgaged
?fOp@R}/, or any interest tfierein, is sotd or transferred (induding a transfer by agreement for deed or land contractl by Mortgagor
without Mort~egee's prior written consent, excluding (a) the cxeation of a lien or encumbrance wbordinate to this Mortgage, (b)
~e creation of a purchsse money security interest for househotd applienoe, (c) a transfer by devise, descent ar by operation of Iaw
upon the death at a jant ta~ant, or (dl the grant of any leasehold interest of 3 yean or less not containing an option to purchase,
'~lartgagee maY. at Mort9a9ee's option, dadare sll sums secured by this Mortgage to be immediately due and payable.
This Mortgege shall secure not only existing indebtedness, but also such future adv~ces, whetfier such advances are oWigetory
or to be made at the option ot Mortgegee, ar otherwise, as are made within twenty !20? years from the date hereof, to the ssma extent
as ~f such future advanaQS +~e made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed
at any time the maximum principal amount of S n/a plus interest, and any disbursements made for the payment
of taxes, levies, or insurance, on the Moirtgaged Property, with interest on such disbursements. My such future advancxs, whether
obligatory or to be made at the option of the Mort~agee, or atherwise, may be made either prior to or after the due date of tt~e Note
or any other notes secured by this Mortgage: All covenants and ac,~eements contained in this Mortgage shall be applicable to all further
advances made by Mortgagee to Maker under this future advance clause.
Should any of the above covenants be broken then tfie Note and aii moneys secured hereby shall, without demand, if tt~e
'riortqagee so elect, ai once becorr~e due and payable and this mortgage may be foreclosed, and all cosu and expensas of collection
ar~d reasonable attomeys' fees, induding com, expenses and reasonable attor~eys' fees on appeal, if collected by legal proceedings
or through a~ a~torney at law, shall be paid by the Maker, and the same are hereby secured.
IN WtTNESS WHEREOF, ihe Mortgagor has executed this Mortgage as of the date first above set fortt~.
Signed, sealed and delivered ~
in our presence:
RIO MAR HOMES, INC. ~ '
_ ~ BY : G ,C - --C~~Z ~ - ; ~c _
(S~AL)
Mortgagor) ~ .
• ~ S
~
~ ~ BY: ~i • - iSEAL)
F' (Mortqagor}
V ~
s =
a v STATE OF FLORlqA )
z
~ COUNTY OF ST LUCIE ~ ~
y J
Q ~
~ I HEAEBY CERTIFY, that o~ this day, before me, and officer duly authorized in the State aforesaid and in
z the County aforesaid to take acknowiedgmenu, personally eppeared ~riyra Ri anrn
W
~ x Loc S~oel~~~ to me known to be the person described in and who
~ z o executed the foregoing inmumenr and ~~Q~ ~ acknowtedged before me ihat thaX
~ 3 z executedthesame. 20th
WlTNESS my hand and official seai in the Cgr~inty a~d st aforesaid day of +
y ~ FQhr~,ar~~
- , A.D.. 19$~~
T Z C
~ c/~ ~ MQisf~/ P~1bIIC ~
MY. Commissiori es:
?-6014t~04-7 (Rev. 4/84i mw ~ ~ 1+'~Y CUMY: F;;'~ ; , .
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