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Home My WebLink About0956 ~ y~ ~ ~-o~_~; ? ~ . t: t ~5,x •r`~~"`~ 1 Oirect Property Re~ated With Future Aclvance MORTGAGE i THIS MORTGAGE, made this 26th day of Februarv , AD., 19 between A h~ ta Hair~ A Sin~lP Ar~~~lt (MOrtgagOr~ end Sun Rank St _ T.>>r~i a Crn~nt~t . s ( Mor ~gagee (Name of Bank) WITNESSETH, that Mortgagor, for and in consideration of the p~emises and in order to secure the pavment of Me principal and interest on the note (as hereinafter defined), Mortqagor hereby grants, assigns, transfers and mortQages to Mortgagee, its succsssors and assigns forever, the following described real property in St .Lucie County, Florida, ta wit: Lot 4, Block "C" of BENJAMIN HOC~G'S ADDITION, as per plat ther~of recorde~ in Plat Book 1, Page I, of the Public Records of St.Lucie County, Florida. THIS IS A FIRST "lORTGAGE (hereinaher referred to as the Mortgaged Propertlr); and the Martgagor does hereby fully warrant the title to the Mortgsged Propertv and will defend the same against the lawful daims of all persons whomsoever. ~ PROVIDED ALWAYS, thst if Alberta Hair , the Maker(s) (tnsert Name(s)) of that certain promissory note dated the date hereof (the ~lote), her heirs, fegal representatives or auigns sha!I pay to Mortgagee the principal sum of 3~ 907 • 82 as evidenced by the Nota, with interest and upnn the terms as provided theroin, che final maturity date of the Note and of this Mortgage being FPh _ ~R , 19 _SL_ which Note provides that all installments of principal and interest are payable at the office of Mortgagee, o~ at suct~ other place ss the holder may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, uaon defauli in the payment of the Note, and that if default be made in the payment of any installment thereunder and that if wch default is not made good in aa:ordance with the terms of the Note, that the entire principal sum and accxued earned interest shall becane due artd psyable without notice at tha option of tfie holder thereof; a~d shalt perform and c+omply with each and avery stipu- lation, agreement and covenant of the Note and of this Mortgsge, ther? this Mortgage and the estste hereby aeated shall be void, otherwise the sama shall remain in full force, Maker coven~nts to pay the interest a~d principal promptly when due. Mortgaqor . covenants to pay tha taxes and auessmeMs on said property; to keep the improvements now existing or hereafter erected on the property insured against loss by fire, haxerds induded witfiin the term "extended coverage", and such other hazards as Mortgagae may requiro and in such amounts and for such periods as Mortgsgee may require, with a company approved by the Mortgagee, witfi a standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee, and to keep the building on said land in proper repair. The loan rep~esenteci by this Mortage a~d the Note is penonai to the Mortgagor and the Mortgagee made the loan to the Mortgegor based upon the cxedit of the Mortgagor and the Mortgagee's judgment of the ability of the Mortgayor to repay oll sums due under this Mortgege, and, therefore, this Mortgage may not be assumed by any subsequent holder of an intersst in the M:mgaged Property, excxpt as provided herein, without the prior express written consent of the Mortgegee. If all or any part of the Mortgeged Property, or any interest theroin, is sold or transfened (inciuding a tra~sfer by agreement for deed or land r.o~tract? bY Mertgagor without Mortgegee's prior written consent, excluding (a? the cxeation of a lien or encumbrance wbordinate to this Mortgsge, (b) the creation of a purchese money security interest for househdd applianoe, (c1 a transfer by devise, descent or by Qperation of law upon the death of a joint tenant, or (d? the grant of any leasehdd intetest of 3 years or less not containing an option to purchase, Mortgagee may, at Mortgagee's option, dectare a!t sums secured by this Mortgage to be immedistaly due and psyable. This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligotory or to be made at the option of Mortgagee, o~ otherwise, as are msde within twenty (20) yean from the date hereof, to the same extent as if such future advances were made on the date of the execution of tfiis Mortgage, but such sewred indebtedness shati not excead at any time the ma~cimum principal amount of S plus interest, and any dishurseme~is made for the payment of taxes, tevies, o~ inwrance, on the Mortgaged Property, with inierest on such disbursemenu. Any such future advances, whether obligatory or to be made at the option of the Mortga9ee, or othervvise, may be made either prior to or after the due date of the Note or any other notes secured by this Mortgage. A11 covenants and agreemenu contained in this Mortgage shall be appficabfe to ali further advances made by Mortgagee to Maker under this future advance clause. Should any of ihe above covenanu be broken then the Note and a!I moneys secured hereby shall, without demand, if the `Aortgages so slsct, at once become due and payable and this morigage may be foreclosed, and all costs and expenses of collection and reasonabte attorneys' fees, induding cosu, expenses and reasonable atiorneys' fees on appea(, 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 of the date first above set forth. ~ Signed, sealed and delivered ~ in our prese,~_~ . • ~ ~ ' ~ ; ' ~ i ~./~~__;cr---i fSEs~l) (Mortgagor) ~ ~ ~ i- ~ ~ ~ ~ r c i~ '_J,~y"~ ~ . ~ - - y l (SE~~1 m ~ (MorEgagor) s ; ~ ~ • a STATE OF ~lORIDA ) 1 c U ~ ~ ~ ~ ~ d~ COUNTY OF St .Lucie 1 J L ~ u ~ ~ HEREBY CERTIFY, that on this day, before me, and offi~er duly authorized in the State aforesaid and in y r o the County aforesaid to take acknowledgmenu, perso,l~lly appeared.. Alberta Hair to :rnt~tflOwn t,p,bE the person described in and who r~ ~ executed the foregoing instrument and ~~P ~ ' qt;lcnovy~~~sd before me that she y p ~ executed the same. , s ,f ~ LZ~ n~ ~ WtTf~~, S~ h an d a n d o f f i c i a l s e a! i n t h e C r~# y, 3 n d ~ t a l e l a~ a f o r e s a i d t h i s d a y o f s ~~C , A.D., 19 b ~C~,~.~~~ %ZC.~~~~ ~ " ~ ~I`'-'~~ A`~ NoYary Public j~~ •J~ v~~ My COmmissiOn Expifes: ~TARr Dt'BtIC $iliE OF i~pi~jp~ V ~ ro~~ISiIp~ CxP JJNE lS,1i9i 4-6014-000•7 (Rev. 4!&1) mw ~`y^FD ;,+r:- ~~,,,t:Rt ~n, ~ ; ~ ~ r ~ x~