HomeMy WebLinkAbout0987 / ~ ~ ~
Do~ stamps 15.15
~ /
Int tax 20.18
Direct Property Related
wth Future Advancx
h10RTGAGE ~~3~8~ .~l ~
THIS MORTGAGE, msde this 23rd ~y of ~y , A.D., 19 86 ~ ~
c o as Mon¢ot~nia and Gerol oma Mon~gQn1 a h~ c~rt (Mortgsgor) a~d ~
o Snn Ran1r nf ~t T.~L.~in Cnunt (MOrt~B~}yg~' ~
(Nsms of Bank) ~
WITNESSETH, that Mortgagtx, for and in consideratio~ of the premises and in order to secure the payment o# tfie principal ~
and interest on the r?ots (as hereinafter defined), Mortqagor hereby grant~,t~~icie ansfen and mortqages to Mortgagee, its successQrs ~
and assigns foreve~, the followEng described real p~perty in
County, Florida, to wit:
Lot 2, Block 253, Port St Lucie Section Four, according to the PZat
thereof as recorded in Plat Book 12, pages 14A through 14G of the Public
Records of St Lucie County, Florida.
This is a second Mortgage.
(hereinafter referred to ss tfie Mortga9ed PropertYi: ~~d the Mortgegor does hereby fully warrant the tide to the Mor~ged Properttr
and will defend the same ~qairut the lawful daims of all persons whdmsoever.
PFiOVIDED ALWAYS, that ifi Nichola~ Mo`n„~nYnia and GerolnLn_a Mc~n~~,~n3a hi~,~ifeWe Maker(s)
their~ Name(s?)
of that cercain promissory note dated the dsts hereof (the Note), hairs, lagal representatives or suigns shall pay to
Mortgsgee the prinapal sum of S~0 . Q89 . 33 as evidancad ~~hsLA~ote, with +nterest and upon the terms as provided therein,
the finai maturity date of tha Note and of this Mortgage being , 19 .~t.~. , which
Note provides thst all instsllments of prinap~ and interest ara payable at ths off'ice of Mort4pqes, or at such other place as the holder
may designate in writing, and that each makar and endorser sgtee to pay all casts of collection, induding a roasonable attomey's fea,
upon default in the payment of the Note, and thet if default be madt in the payrr+ent of any installmeni tfisreunder and that if wch
deS`wit is not msde gaod i~ socwdsnce with the terms of 2he No~te, that the entiro principal wm snd accrued eamed interest shsli
become due and p~yabla without rwtice at the option of the hddsr thereof; ~d thdl perform snd comply witfi etch and every stipu-
lation, ayreement and carenaM of ti~a Nota and ot' thi: Mortqps, tt~en tfiis Morty~~e u~d the sstaLe hereby cre~ted shall be void,
otherwise ths ssms sh~ll remain in full fora. MakK ooven~rtts to pay the int~mst ariH princips! jxompdy when due. Mortgpor
coven~~tt to psy ihs taxas and assessmer~ on tsid Qropsrty; to keeQ ths improvemartts now existing or heroafter erected on ti~e
property insurod sg~irut loss by fire, hazsrds induded witt~in the term "extended covenqe", and such other hazards as Mortgsgee msy
requiro a~d in such amounts and for such periods as Mortg~gee may require, with a company approved by tfie Mortgagee. wit#~ a
standsrd mortgage loss clause payable to Mortgrgee, the poticy ta be held by the Mortpgee, snd to keep the buildin9 on said lsnd in
proPer repair.
The loan roprese,nted by this Mortage and the Note is personai to the Mortgagor and the Mortgigee made the toan to the
Mortgsgur based upom the aedit of the Nbrtgsgor and the Mortgsgee's judgment af the ability of the Mortg~g~r ta ~apay a!! sums .
~ue undar this Mortgigs, and, therefore, this Mortgsg~ may not be assumed by any sut;ssequeM holder of an interost i~ the Mortp~ged
Rroperty, exoept as provided herein, witfiout the prior exprou written consant of the Mortg~gee, If all or any part of the Mortgaged
Property, or any interest therein, is sold or transfeRtd (ireduding a transfer by a~eement far deed or Isnd contract? by Mortgsyor
witfiout Mortgagee's prior vrritten consent, excluding (a? the cxeation of a lie~ or encumbranca wbo~inata io this Mortgsge, (b)
the creation of a purchase money security interest for hoeisehdd appliance, 1c) a transfer by aevise, desce~t or by operation of law
upon tt~e destfi of a joint tenant, or (d) the grant of any leasehdd inter~t of 3 years or Isst not containing an optiort~ to purchase,
Mortgs9en may, at Mlortgsgee's option, dedsre all wms secured by this Mortg~ge to be immediately cfue and payable.
This Mortgsge shall secure not only existing indsbtedneu, but aiso such future advanees, whether sud~ advances are obligetory ~
or to i~e msde st the optiore of Mortgegea. or otixrwise, as are msde within twenty (20) yean from tfie date hereof~ to the same extent
as if such future advances were made on the date of the exeaution af this Mortgage. but such secured indebtadneu shali not excesd
at any time the maximum prirscipal amount of S n~a plus interest, and any disbursemsnu msde ior the payment
af taxes, levies, or inwrance, on the Mortgac,~ed Property, with interest on such disbursements. Any such future advances, whether
ob~igatory or to oe made at tha option of the Mortgagee, o~ oth~erwise, may be made either prior to or after the due date of tfie fVote
or any other notes secured by this Mortgage. All covenanu and agreemenu contained in this Mortgage shall be applicable to all further
advances made by Mortgagee to Maker under this fut~:re advance ciause.
Should any of the above covenanu be broken the~ the Note and all moneys secured hereby shall, without demand, if the
Mortgagee sfl etect, at arxx become due and payable and this mortgage may be foredosed, a~d all cosu and expenses of collection
and reasonabie attorneys' fees, induding cosu, expenses.and reasonable attorneys' fees on appeal, if collected by legal p~oceedings
or through an atto~r»y at law, shall be paid by the Maker, and the same are hereby secured.
IN WITNESS WHEREOF, the Mortgagor has executed this Mortgsge as of the data first above set fo?tt~.
Signed, sealed and delivered
in our prosen •
~ ~ ~ ~
` ,~'t / / f ~ ~
~,c
(SEAL)
(Mortgagor?
i'
_ / ~
} G~ ~Z ~f ^ ,2-~____ u-~- 2~-`~L (gEAL)
o (MortgagorE
W~
W ~ STATE OF FLORlOA )
COL'NTY OF St Lu~ie )
i FIEREBY CERTIFY, that on this d3y, tsefore me, and afficer dul ~u thoriz in the State foresaid a~ in
; \ ~
z r._ the County aforesaid to take adcnowledgmenu, personafiy appeared Hicholas an~ ~eroloma ~Iongognia
' husband and wife
~ ~ to me knc,wn to be the person described in and who
~ ~ executed the foregoing instrument and thev aclcnowledged before me that they
y executed the same.
WITNESS my_ hand and official ssal in the nty and State tasi afor ' this 23r~ day of
H May
Z , A.D., i9 .
~ ~
Natary Public F-
f1 A Sl
? ~o~ 502 o~~E 9 M„ ~m~~~„ ~Xa,~:.
46014000-7 (Rev. 4/84) mw ;~rotatv F~ ~~t„~ „t F~,.~da at ~arge.
'Y :.cm,--:__,_- _ P._v. 5. 1989.
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