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Home My WebLink About0973 s~a y s G, ~ ' 3 . o ~ : Direct Property Related With Future Advance MORTGAGE ~~3~'ll' ~ ~ ~ THIS MORTGAGE msde this 23rd ~ of May , q,p„ ~g 86 ~t~n i~ard L Gar ner an_ d Judv ardner . hi ~ wt f e (Mortgsgor) and Sun Bank of St .Lucie .ountv _ (Mortgsgee); (Name of 6ank) WITNESSETH, that Mortgagor, for and in considention of the premises and in order to secure tfie psv~ent af the princip~l and interest on the note (as t~ereinafter defined), Mortqagor herehy gnnu, sssig~s, uansfe~s and mortqages to Mortgagee, its successors and auigns forever, tha following describad real propertY in St.Lucie County, Florida, to wit: Lot 16 and 17 and the West ~ of Lot 18, Block 4, RIVERDALE YACHT CLUB ESTATES, UIJIT 2, according to the plat thereof , as recorded in Plat Book 6 page 40, 5~~. ~p7 of the Public Records of St.Lucie County, Florida. Rece~ved ~ `'"''"t~~f T_,Y2s ~ c~ . ?~o er.y. Due n , . . _ THIS IS A SECOND MORTGAGE p~;S,;,:n; ;o = 4.~ U~ 1~~1. iZ~~--~...~ i'JI i~'~; ~J Clerk Circuit Court. SL ~U::+e, Fla. (hereinaher rafermd to as tfie MortgaQed PropsrtYl: ~~d the AAorty~~ does hereby fully warnnt the tide to the Mortg~ged Propertv ard wil{ dsfs~d the same against the Iswful daims of all persons whomsoevsr. PROVIDED ALWAYS, that if Richard L a~~ Judv A. Gardner , the Maker(s) (Insert Name(s)) ot that certsin promissory note dated the dats hareof (the Note), their hairs, legal representatives or assigns shall pay to Mortgagee the principal sum of ~.]Z. Snst ~7 as evidenced by the Note, with interest and upon the terms QY i therein. the finsl maturity date of the Note and of this Mortgage being 22 .~~~1U Note proYides t~at all installments of prinapsl and intxest aro payaWe at the office of Mortq~gee, dr at such other place as the hotder may designate in writing, and that each msku and endorser agres to palr all costs of cdlection, induding a reasonable attomey's fee, upor~ defsult in tfie psyment of the Note, and that if debult bs msd~ in th• ~ayment of any installment tlsereund~r and that if such default is nat msde good in sacordance v+rith the terms of the Note, tht~t tfie ~ntiro principsl sum s~d accrusd eamad intsrest shsll becoma due s~sd paysble witt~out notice at the option of the holdsr thereof; and sh~l perform and compfY with each and every stipu. lation, agreemeM snd covensM of the Note snd of this Mortpps, then this Mo~~e and the astate hereby cre~ted shsll bs void, otherwise the same shsll remsin in futl force. Mak~t covenarro to pay the intsrost and principal prompdY due. Mortgpor covanants to psy the taxes and ~ume~ o~? said propsrtY: to keep the improvemenb rww exittirq or heroafte~ erected on tt~e property irxured aQainst loss by fi~e, huusis induded within the t4nm "exte~?ded coversqs", and wch other hazuds as Mortgagse msy requiro and in such amounts snd for such periods as Mortg~gee msy raquire, with ~ compsny approved by tfie Mortgpee, with a standard mortgage loss clsuss payable to Mortg~ges, tfie policy to be held by the Morcgages, and to kesp the building on sai~ la~d in proper rapsir. The loan reprosentesi by this MoRSge and the NoLe is personal to tha Mortgn~or and the Mortgegee mede ti~e laan to the Mortgegor based upon the cxedit of ths Mort~agor and tfie Mortg~gee's judgnent of tfie ability of the Mortg~~or to repay ail sums due undar this Mortge~e, and, therefore, this Mortqags may not be aswmed by sny wbaequent hdder of sn intsrest in the Mort~a~ed ~ Property, except ss provided herein, without the prior expros~ written co~sent of the AAorty~yee. If all or any part of the Mortgsged ' Froperty, w sny intefest tP~eroin, is sofd or trsr~sferred (induding s tnnsfer by agreement for dsed or land co~trsct) by Mortgsgor I witt~out Mortgegee's prior wrritten consent, axcluding (a) the cxeation o~ a lien or encumbhnce wbordinste to this Mortgage, (b) i the creation of a purchase mo~ey sacurity interes~t for househdd appliw?oe, (c) a transfar by devise, descsnt or by e~eration of law upon the death of s joint te~snt, or {d} tt~e grsnt af any leasahdd in~erest of 3 y~rs or less not contsining an option to purchase, Mortqagee may, at Nlartgsgee's option, dedsra all wms securod by tfiis Mortg~ge ta be immediately due and payable. This Mortg~ge shsll sec~re not only existing indebtedness, but also wch future sdvances, vrt~ether such advances are oblig~tory G~ to be msde ~t the option of Matgegee, or othsrwiss, as are msde within tvventy 1201 yesra fr~m the date hercof, to the same exteM ! as if such future advancxs wefe msde on tt~e date of the executian of this Mortg~gs, but such secured indebted~eu shall not exceed at any time the maximum principal amount of S n~a plus interest, and any disbursemenu made for the payment of taxes, levies, or insurance, on tt~e Mortga~ed Property, with interest on wch disbursaments. My wch future advances, whether I aDliqatory or to bs made at tha option of the Mortgagee, or otherwise, may be made either prier to or after the due date of tfie Note ~ or any other notes secured isy tfiis Mortgage. All cavenants and agreements contained in this Mortgage shall be applicable to all further zdva~is made by Mortgagee to Maker under this fute~re advance clause. Should any of tfie above covenanu be broken then the Note and all moneys secured hereby shall, without demand, if tt~e Yiortgagee so elect, at once bec~me due and payable and ~this mortgege may be foredosed, and all costs and expenses of collecti~n and reasonable attomeys' ft±s, induding casts, experues and ressonable attorneys' fees on appeal, if collected by legal proceedings ar through a~ attorney at law, shail be paid by the Maker, and the same are hereby secured. IN WITNESS WHEREOF, the Mortgegor has exccuted this Mortgege a3 of the date first above set forth. Signed, sealed and delivered in our presence: ~ L~ (SEAL) (Mort~agor) ~ a~ i~~'C~c..C~f~~ , ~~~ZC.~.~s?-~ ? ~.c:".'"'7 Q•~Wli,l / UJ C. iSEAL) ~ ~ ~ 1Mortgagor) ~ ~ o U a ~ STATE OF FLORIDA ) ~ ~ ~ ~ ~ COUNTY OF 5t.Lucie 1 4 ~ a ; v I HEREBY CERTIFY, that or~ this day, bafore me, end officer duly authorized in the State aforesaid and in `n the County aforesaid to take aclcnowledgmenu, personaily .~ppesred..~.~=~ichard L. 6 Judy A. Gardner o _ •~"to ~m~nown to be tfie person descthbed in and who executed the foregoing instrument and eY.~,;: ~acknowledged before me tfiat y ; ~ ~ executed the same. ' ? y ~ WITNESS my hand and official seal in tti~~unty and S te st a said this 23rd day of ~ C ~jja;c, , A.D. 1,Si` ~~l.Ll~~ i ~ ~n . Notsry Public = Mot~~tr iHTE OF i101t[DA n ~ My Cornmissi n•Expjt6s: ~1 CB~t~l1lR JY~E 1S.i~ ~G01~ 5~~ V~GE J6 f' ~ o t o r w R r e t~~ t c~ s. u i o. 46014-O~DO-7 (Hev. 4/841 mw • _ _ _ . - _ - ~ -