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Home My WebLink About0989 . 9• ~ ~ ; ~3`7~3 ~ . ~ ~,z,~ s ~6 - D ~ birect Prope~ty Related ~th Future Advance MORTGAGE ~ ~s THiS MORTGAGE, made thi: 3rd day of June ~~p . 19 86 ~ ~iW~ 7.Ioram O. Petersen, Adult (Mortgsgor) and ~un an o t, uc e o'~~ (Mortg~9ee): (Name of 8ank) WiTNESSETH. that Mortqagor, for snd in considention of the p~emises and in order to secure the psvment of the principal and interest on the note (as hereinafter definad), Mortaagor hereby gnnts, assigns, usnsfen and mw~tqsges to Mortgsgee, iu succeswrs and assigns forever, the following described resl property in SY_ .ucie Ccu~ty, Florida, to wiY Lot 13 and the Northerly 25 feet of Lot 12, Block 2, ANGLEVILLA SUBDIVISION, accerding tc the plat thereof as recorded in Plat Book 9, Page 25, of the Public Records of St.Lucie Ceunty, Florida. R~~ p g ~ 1~ Paym~nt Ot Tex~~ ~ Due On Ctass "C" Intan ;ib:a Pe?sonal Pro~rty~ THIS IS A SECOND MORTGAGE Pu7s~ant To Chap:er 71, 134, Ac1s O} 1971. - RaceR ~r:~as~~ c~s?~ Circuit Gourt, SL Lucir. CO~. (hereinatter raferred to st the Mortgs~ed Property): ~nd tfie Mortgegor doe: hereby futty warnnt t~e title to the Mortg~ged Propercy and will defend the same ag~inst the i~wful daims of all s v~homsoever. PROVIDE~ ALWAYS, thst if loram ~~etersen , the ~kat=) ; (Insert Nama(sil ; nf thet certai~ promissory note dated the date hereof (the Note1, ts~c heirs, 1ega1 representatives o? as~igns shsll pay to ~ Mortqagee the prinapal sum of ~~-Q42 -3~i. as evidenced by the Note, with interest a~sd upon the terms u provided theroin, the final maturity date of tha Note and of tfiis Mortpge being . 19 , which Note provides that all installments of prinapal snd interest a~s payabla at ihe office of Mortgegee, ar at such other ptace as the holder may desiqnate in writing, and tfiat each maker ~~d endorser agree to paY ~ of cdlection, induding a ressonable attomey's fee, up~+ default in the psyment of the Note, and thst if default be msd~ in ths psymant of any insbllment thereunder and that if wch default is noi made good in sccordsr~ce with the term~ of the Note, that the entiro principal sum arxi aocrusd earnad int~rest shsll t~ecome due and payable witi~out notice at tfie option of the hddsr tfiereof; and shdl perform a~d comply with each and av~ry stipu- 13rion, sqreement and cavenant of tfie Note a~d of this Mortpsge, then this Ma~tg~Qs and tha estate hereby created sh~ll be void, athernriss the s~me shsll romain in fuli force. Mak~r covanarrts to ~?sy tt~e intersst ~nd princip~l promptly when due. Mortg~yor cavsnants to pay the uaces snd as~ssmerm on said propezty; to keep th~ improv~meMs now axisting or here~foer erocted on tfie property irssured aQainst loss by fire, ha=srds induded within ths term "extended coveraqs", and s~ch ott~er hazsrds as Mortgsgee may requiro snd in such amounts snd for such periods as Mortg~gee may nqu+re, vvith s company appro+?ed by the Mortqapse, with a standard mortgage iass ciause payable to Mortgagee. tfne policy to be held by tt~e Mortg~gee, and to keep the building on said land in proper repsir, The losn reprssented by this Mortsge and the Nots is perso~sl to the Mortg~9or and tha Mostg~g~e made thc loan to the Mortgegw based upon the cxedit of the Mortqpor and the Mortgayss's judgnertt of the abiliry of the MorigeQor to repay all sums aue under this Mortg~ge, and. therefore. this Mort~gs msy not be stwmsd by any sub~equent hddef of an intenst in the Mortgeqed Property, except ss pravided herain, without the prior exprou yvritten conssr~t of the Mort~yee. If slt or any prt of the Mortgsged Property, or sny interest thecein, is sold or va~ferred (induding a transfer by agreeme~t fa~ dsed or land eonvsct? by Mongspor without AAortg~gee's prior written consent, axctuding (a! the cxeation of a lian or encumbnnce wbordinate ta this Mortgsgs, (b) the creation of a purcha~e money security intsrest for household applianoe, (c) a transfer by devise, descent or by operaticm of lawv ~,pon the death of t~int ten~nt, or (d1 the grant of sny lessahdd interest of 3 yean or less not containing an option to purchsse, !Vlortgagee may, at MorOgsgee's option, dedare all wms secured by this Mortg~qe to be immediately due arsd peyable. This Nlort~age shsll secure not onty existing indebtedness, bat also wch future sdvanc~s, whether such advances sre obligetory cr to be made st the optio~ of Mortgeges, or othsrwise, as are rr~sda within twenty (20) yean from the date hereof, to the ssme extent as if such future advances were made on tha date of the execution of this Mortgags. but wch secure~ indebtednesa shalf not excead at any time tha maximum principal amount of S n~a ptus interest. and any disbursements msde for the payment of taxes, levies, or inwranoe, on the Mortgageci Property, with inierest on wch disbursements. Any such future advances, whether obligatory or to be made at the option of the Mortgagee, or otherwiss, msy be made either p~ior to or after the due date of tt~e Note ~ or any other notes secured by this Mortgage. Q?li covenants and ageements contained in ihis Mortgaye sha{I be applicab(e to al( further ~ advances mscle by Mortgag~e to Maker under this future advance clause. Should arsy of the above covenanu be broken then the lVo2e and a!1 maneys secured hereby shall, witfiout demand, if the ~'Aortgegee so elect, ai once became due ar~d payable and•this ma-tgage msy be foredosed, and all cosu and expenses of collection and reasanabie aKOmeys' fees, induding costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or through an attorney at law, shatl be paid by the Maker, and the ssme are hereby secured. IN WiTNESS WHERE~F, the Martgegor has executed this Mortgege as of tfie date first abov~ set forth. Signed, sasied snd delive~ed ~ / - in out p ce: i~ , ~ ~ ~ ~ ~ ' ~qll J m 0. Pe~~~~l . ~ u m o ~ (SEAL) a v (Mortgagor~ W Q v a ~ STATE OF FLORIDA ? W ~ 0. COUNTY OF St.Lucie j N y,l 3 ~ 1 FiEREBY CER'fIFY, that oR ihis day, bs~re me, and officer duly authorized in the State aforesaid and in z o ihe County aforesaid ta take acicnawledgments, perstx~ally appeared -To_r~ 0._ PetQrsen ~ ,,e ~ to me k~own to be the pe~son described in a~sd who ~ ~ executed the foregoing instrument arul e acknowledged before me that hP y executed the same. ' ~ ~ ~Q ~ ~ WI ESS my hand and officaal seal in the,Coc~rtty State lasi aforesai th' day of y z ~ , A.D., 19 ?j~~u~ ~Cr~ =~L~~`~ ~ . ~lotary Public ~'c,p~ y~~2 PA~,E 7~~mmissio~ Expi~es: ~~~T ~IC if~tE OF il011I0~ a-6014-000-7 (Rev.4/84) mw ~r co~xt~uf [~r ~uec ~s.»N _ ~~Ee r~~ ~~e?~ s~. E : . _ . _ . - ~ f ,