Loading...
HomeMy WebLinkAbout0918 C ~ / . " ~ ~ ~ ~ Y i \ ~ ~ ~ . . 3 ~ ° ~r~ D~rect Prupertv Relaied ~~'ith Future Advance MORTGAGE ~~~48~ ~fHIS MORTGAGE, made this 23rd day of ~uly , A.D., 19~6 between ~~X~~~' ~?~>>G and ~iar~?ret 1 an [,~'ai~s. his wife (Mortgagor~ and ~~in Rank _nf__St _I.t~rie (:~tini_v IMongaqee); (Narne of Bank) WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the Gayme~t of the principal and interest on the note (as hereinaher definedl, ?1Aortcagor her'by.~rucieassigns, transfers and martqages to Mor2gagee, its successors and ass~gns forever, the fallowing described real property in County, Florida, :o wit: The South 12S fc-et of the East 107 feet of Lot 4, of ,T.I. K~LL.:~1'S Sl'BDI~'ISIOti, (less thE South 12 feet deeded to the County, in O.R. Book 3$4, Page 192,) according to the Piat thereof, as rec~rded in Pla[ Book 3, Page 85, of the Public Recorcis of SL.Lucie County, Florida. TF~IS IS A SECOND ~SQRTGAGF. (hereinafter referred to as the Mortgaged Property); antf the MoKgagor dces hereby fully warrant the titie to the Mertgaged Propertv ar.d witl defend the same against the lawfui claims of allpe rsons vrhomsaever. PROVIDED ALWAYS, that if Clyde and *iar~aret Joan Walls , the Maker~s) (Insert Name(s)) or that certain promissory note dated the date hereof (the Not~), ._.~y~~ heirs, legai representativps or assigns shall pay to i~~ortgagee the principa! sum ofi $ 19 79 . 81 as evidenctid by the Noie, with interest and upon the terms a rovided therein, ,ne final maturity date of the Note and of this Ilfiortgage being - -i y 22 ~~~2001 ,~i~ Note provides that all installmenu of principal and interest are Rayable at the offi;,e of Mortgagee, or at such other place as the holder rnay designate in writ+ng, and that each maker and endorser a5ree to pay all costs of collection, including a reasonable attorney's fee, upon default in the payment of the Note, and that if default be made in the payment of any instal~ment thereunder and that if wch defautt is not made good in accordance with the terms of the Note, that the entire principaf sum and accrued earned interat shall aecome due and payabla wit~out not~ce at tha option of the holder thereof; and shall perform and comply with each and every st+pu- lation, agreement arsd covenant of the Note and of this Mortgage, then tfiis Mortgage and the estate hereby cxeated shall be void, ottierwise the same shall remain in full force. Maker covenanu to pay the interest and principal promQtiy when due. Mortgsgor covenants to pay the taxes and assessments on said prnperty; to keep the improvements now existi~g or hereafter arected on tfie proparty insured against lass by fire, hazards included within the term "extended coveraqe", and such other hazards as Mortgagee may require and in such amounts and for such periods as Mortgagee may require, with a company approved by ihe ~ilortgagee, with a standard mortgage loss clause Rayable to Mortgagee, the policy to be held by the Mortgagee, and to keep the building on said Isr~d in proper repair. The toan reQresented by this Mortage and the Note is personal to the Mortgagor and the Martgagee made the loan to the ~Aartgagor based upon the credit of the Mortgagor and the Mortgagee's judgment of the ability of the hlortgagor to repay a!I sums dua under this Morgage, and, therefore, this Mortgage may not be assumed by any subsequent holder of an interest in the Mortgaged Property, except as provided herein, withtwt the prior express written consent of the Mortgegee. If all or any part of the Mortgaged Property, or any interest therein, is sold or transferred (including a transfer by agreement for deed or land contract) by Mortgagor without Mortgages's prior written consent, excluding (a? ti~e crEation of a lien or encumbrance wbordinate to this Mortgage, fb) thz c~eation of a purchas8 money security i~terest for household appliance, ic! a transfer by devisa, descant or by ope~ation of law upon the death of a joint tenant, or (d) the grant of any leasehofd interest of 3 years or lest not containing an option to purchese, ",lertgagee may, at Mortgagee's aption, decla~e all sums secured by th~s Mortgage to be immediateiy due and payable. ' This Mortgage shalf secure not only existing indebtedne:s, but also such future advartces, whether such advances are obiigatory s or to be made at the option of Mortgages, or otherwise, as are made within twenty (201 yesrs from the date hereof, to the same extent zs if such future advances were made on the date of the execution of ttiis Mortgage, but such secu~ed indebtedness shal! nat exceed ~ at any time the maxim~!m principal amount of $ nf a plus interest, and any disbur3ements made for the payment of taxes, I~vies, or insurance, on ths Mortgaged Property, with interest or s~ch disbursements. An;~ suc.h future advances, whether € obligatory or to be mede at the optian of ttie Mortgagee, or otherwise, may be made either priar to or after the due date of the Note ' or any other notes secured by this Mortgage. Ail covenants and agreemenu contained in this Mortgage shall be applicable io all fiurther advances ma,~e by Mort~agee to Maker under this future advance ciau~e. . Shauld any of the above covenanu be broken then the Note a~d all moneys secured hereby shall, without demand, if the ~ `,1ortgagee so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection A and reasonable attorneys' fees, including costs, expenses anci reasonable attorneys' fees on appeal, if collected by legal proceedings ~ ~r through an attorney at law, shall be paid by the Maker, and the same are hereby secured. ~ IN WITNE.r,S WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. Signeci, sealed and delivered ~ ~ in our arese ce: j~ / i/ ~ ~ ~ ~ ~ ~ ' ' 1 ; ~ Gc,,Gc.,~=--~G--- ~ I.SEAL) ~ (Mortgagor? ~ ~ j ~ _ . , . e } ~ Cr~~""~ ~ v' O'yti r' 1SEAL) (Mort gor? i~ i ~ / ~ ~ ? STAT~ OF FLORIDA ) ~ k' W ~ ~ ~ COUNTY OF ) ~ St.Lucie K 2 ~ ~ ~ ! HE~iEBY CERTIFY, that on this day, before me, and officer dul authorized in the State aforesaid and ;n ~ ~ U Y ~ ~ 7 ~ the County aforesaicf to take acknowledgmenu, personalfy appeared ~vde and Mar~aret Joan 47alls ~ to me known to be the person described in and who ~ v cn executed the foregoing instrument and t ey acknawledged before me that they ~ ; 7 w executed the same. ~ ° WiTN my and and official seal in the hty and State~asi res 'd th~s °'?~~``y day of ~ ~ ~ _ . A.D., 19 ~ ; ~~:~1/~.~~( ~ I ~ ~ ~ r~ t1 t /`~J 1~[~( Notary Public = f G I r~ hl 17A( V.iV MV CommissiOn Expires: =~1:E ~'a:.= ~ ~ ~ 9~Ox uv~ 6:~r+i:'.~'~ tt: „t~ lE•,'~_'r -+~Fi014-000-7 (Rev. 4%84i mw ~ e~~: - ,~r<< ~ ,Q:. , _ _ ~ ~ : : - - =.*~.»'~`ti`.°5.G-~"•.x"r xx,±,?' F-~z' a y:~. i ~ ' .