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Home My WebLink About0916 . i~~~r ~t:,,:t,: 15.r~1 ;j l . ltit :.tx~ _'l!.h`~ ~ !~c'r ~`1[~ y.UU fr. •i 'l ~ ~ ~'!,v D;; ect Pr~perty Related 4Yith Future Advance MORTGAGE ~ ~ J l~ TNIS MORTGAGE, made this ilth ~Y of .lulv , q.p„ ~9 . ~hy~~ hi1r ~ 1~ n L~iLS~ f ~reier ~~c~`n ~is "~r i 1 ~,~n 1 R~~~~; i c~ i nc~ri n~~ sac~u • (Mortgagor) and c~r IIiC'iF rnur~~rv 1C' e- IMortgageel: (Name of Bank) WITNESSE'TH, that Mortgagor, for and in ~onsideration of tfie premises and in orde~ to secure the pavment of the principal and :nterest on the note (as hereinaher dafi~edl, Morteagor hereby grants, assigns, transfers and mortaages to MortgayEre, its successors and assigns forsve~, che following described real propariy in St Lucie Cour.ty, Florida, to wit: Lot 5, Block 1, oi che replat of SUtiSET F'ARK SUBDIVISION ~7" "3~~>~ as ~er ~lat thereof on fil~ in Plat Book 11, ~,,;?.a~, ~f tt~K ~ Public Records of 5:.. Lucie County: Fiorida p.. ~ ~ . . r, C;r~. :_.~~e,.:v,, ~~]s ' ;t~ereinafter referred to as the Mortgeged Proper.Y): ~nd the Mortgagoc does hereby fully warrant the title to the Mortgaged PropertY ~nd wili defend the same against the lawf 1 ds!i[n s of a'I persons whomso~ver PROVIDED ALWAYS, that if~~rilln L Muse, formerlv know as `iarily L Bass joined b~;he MakcK(s) her spousz, J. Glenn Mu~~ (~rusrtName(sZ) of that certain promissory note ds~e~ ~aie hereof (the Note1, e r heirs, legal representatives or suigns shall pay to Martgagee the pri~cipal sum of S 10 ~~~5 • 19 as evidenced by the Note, with irsterest and upon the term: as provided theroin, the final maturity date of the Note and of this Mortgaga being i>>> ~ 1 199f~ , 19 , which ~isrte provides that all installmenu of prinapal and interest are payable at the office of Mort~egee, or at such otfier place as ti~e holder may designate in writing, and tfiat esch maker ar~d endorse~ agrea to paV all costt of collectior~, including a reasonable ~ttorney's fee, upon default in the payment of ttsg (Vote, and that if defauit be msde in tha payrnent ~f any installmertt thereunder and thet if such ;efault is ~ot rt~sde good in accordsnoe with the terms of the Note, that the endre principal wm and accrued earnsd interest shall becoms due and payade without notice at the option of the holder tfiereof; and shall perform and complY with exh and every stipu- lation, agreement arhi covenant of tfie Nota and of this Martgage, tfien thit Mortga~e and the estate heteby created shall be void, otherw+se the same shall remain in full force. Maker covenants to pay tt~e interest and principal promptly when due. Mortgaq~or rovenanu to pay the taxes and asses3menu on said property; ta keep the improvemenu now existing or hereafter erected on the . property insured against I~ss by fire, hazards +ncluded witt~in the Lerm ' extended coverage , and wch flther hezards as Mortgagee may require and in such amosmts and for such periods as Mortgagee may require, with a company approvad by the Mortgagee, with a s.andard mortgage loss clause payable to Mortgagee, the pol+cy to be held by the Mortgsgee, and to keep the building on said land in ~roper repair. The loan represented 'oy this Mortage and the t~iate is persanal to the Mortgagor and the Mortgagee made tt?e loan to the ~Rortgagor based upon the credit of the Mortgagor and the Mortgagee's judgment of the ability of the Mortgagor to repay all sums due ~nder this Mortgec~e, and, therefore, this Mortgage may n~t be auumed by any wbsequent hdrier of an interest in tfie Mortgaged Property, except as provided herein, without tfie prior expreu written consent of the Mortgagee. If a!I or any part of the Mortgaged ~ Property, or any interest therein, is wld or transferred (includ'+ng a transfer by agreement for deed or land contract) by Mortgagor ; without Mortgeyee's prior vvritten consent, exciuding (a) ~e cr$ation of a lien ar encumbrance suborciinate to this Mortgage, (bi ~ *,he creation of a purchase money security interesi for househald appliance, (c) a transfer by devise, descent or by operation of law i uRan the death of a jant tenant, or ld) the ~ant of any leasehdd interest of 3 years or less not con2aining an option to purct~ase, i ?.lortqagee may, at Mortg~gee's option, declare all sums secured bY this Mortgage to be immediately due and payable. This Mortgage shalf secure not only existing indebtedness, but also such future advances, whether such advances are obligatary 'f or to be made at the opticx~ of Mortgagee, or otheswise, as are made withi~ twenty (201 years from the date hereof, to the same extent ~ as if such future advances ware r.?ads on the date of the execution of this Mortgege, but wch secu~ed indebtedneu shall not exceed ; at any time the maximurss principal asnount of S n~a pius interest, and any disbursemenu made for the payment = of taxes, levies, or inwronce, on tt~e Mortgec,~d Property, with iRierest on wch disbursemenu. Any wch future advances, whether ' obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Mote or any othar notes secxired by this Mortgage. All covenants and agreements cont~ined in this Mortgage shall be applicable to all further ~ advances made by Mortgagee to Maicer under this future advance cfause. Shoutd any of ttse above covenanu be broken then the Note and all moneys secured hereby shall, without demand, if the ~ ~lortgagee so elect, at once become due and payable and this mortgage may be foredosed, and all cosu and expenses of collection ~ and reasonable attomeys' fees, induding costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings ~ or tf~rou9h an attorney at law, shall be paid by t~e Maker, and ihe same are hereby secured. IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set !orth. ~ Si sealed and delivered ~ n our p ence: ~ ~ ~ 'l - ` ~ ay ~~c~, .Y, ~ ~ ~ ~ l (SEALI ~ ~ Ma ilyn I.~ us~ortgagor fcrmerly known as ; ~ , j 'ia r n s s ~ y I ;c `i ~ ~ , ~ ~ ~ ' (SEAL) ~ m g ~ L ` J Glenn Mus~°~~9°f) c - a STATE OF FLORIDA 1 w` ` y COUNTY OF St I.ucie ~ ~ u ` ~ 1 HEREBY CERTIFY, rhat on this day, be~ore me, and officet duJ auth ri~~ m the State aforesaid and in ~ ~ L the County aforesaid to ta~Ce a~knwvlc~~menu, persona~ly appeared `~ariYlyn ~ Muse ~ y ~ S J Glenn Muse • ~ to me known ta be the person described in and who ~ ~ z ~ executed the foregoing instrumen4 a~d fhev xknowledged before me that the} ~ z 3 x executed the same. ~ ll t h ' J ~ JuWITNESS my hand ar~ officiel seal~in the ~gunr{ te tast aforesa' is day of - ly ,'A.D., 19 ~ t ~ r, . . y T . = ~ ~ ` ' Notary Public ~ kiy Commission Expire{~ ~~~ar v~.e!.: .;'irE 0! rioart~~ . . MI ~'vK~i:~.v~ i+('r. G1.i lU.iy~U ~ 4-Sp14-004-7 (Rev. 4/84) mry ~ ~ or,K 5~o PAGE t~16 1= - ~ ~ : C . . . _ _ _ . _ ~ _ _ " ' _ - _ . _ . _ . . +?'i. C ,.-.'=43* fia~ .a' r4 ati` X ,.:':-'L ~r: sy-. ' .n4'~y "C ~