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[~7~clill~ Direct Property Related
?~~~~~?e~ lNith Future Advance
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MORTGAGE
9t1~ September , A.D., 19 R~ ,
THIS MORI"GAGE, made this day of
between Larry 0 Ra e an Cin v L. Raffig,ld. ltis ~tif_~__ - (Mortgagor) and
' ~tin R3»1~~f Si- i ~irt~ ('n~~nfi~• (Mortgd9~);
(Neme of 8ank)
WITNESSE7H, that Mortgagor, for and in consideration of tt~e premises and in orcier to secure the payment of the principal
and interest on the note (as hereinaher definedl, M~rtqagor herehy grants,~tsi~uciensfers and mortqages to t~lortgagee, its successors
and auigns forever, the following described real property in
County, Florida, to wit:
Lot 16, Block 5, FORT PIERCE HIGHLANDS, UNIT I, as per I'lat thereof on file i.n ,
Plat Book 10, Page 'l9 of tl~e Public Records of St.Lucie County, Florida.
.
THIS IS A SECOND rtORTGAGE
(hereinafter referred to as the Mongaged Proparty); and the ~1art~gor does hereby fully warrant the title to the Mortgaged Property
and will defend the same against the I~wful claims of all parsons whomsoever.
PROVIDED ALWAYS, that if Larrv 0. and Cintv L. Raffield , the Maker(s)
the~r Name(s))
of that certain promissory note da~ec~t~.c~e hereof (the Note1, heirs, legal representatives or assigns shall pay to
Mortgagee the principal sum of as evidenced by the Note, with interest and upon the terms as provided therein,
the final maturity date of the Note and of this Mortgag~ being Sent. 9 ~~g 96 , which
Note provides thai all installments of principal and interest are payable at the office of Mortgagee, or at such other place as the holder
may designate in writing, and that each maker and endorser agree to pay all costs of collaction, including a reasonable attorney's fse,
upon default in. the payment of the Note, and thet if default be made in the payment of any installment the~eunder and that if such
default is nni made good in accordence with the terms of the Note, that the entire principal sum and accrued earned interest shall
becotne dus and payable witFiout n~itice at the option of the holdsr tt~ereof; and shafl parfo~m and comply with ~ach and every stipu-
lation, agreement and covenant of the Note and of this Mortgage, then this ilAortgage and the estaLe hereby created shell be void,
; otharvvise the same shall remain in full force. Maker covenantx to pay the interest and princip~i promptiy when due, Mortgsgor
covenants to pay the taxes and assessments on said preperty; to keep the improvaments now existing or hereafter erectcd on the
property insured against loss by fire, hazards included within the term "extended coverege", and such other hazards as Mortgegee mey
require and in such amounts and for such periods as Mortgagee may require, with a company app~oveci by the Mortgagee, with a
~ standard mortgage loss clause payable to Mortgagae, the policy to be held by the ilAortgagee, and to keep the building on said land i~
proper repair.
The loa~ represented by this Mortage and the Note is personal 4o the Mortgagor and tfie Mcrtgagae made the loan to the
Mortgagor based upon the credit of the Mortgagor and the Mortgagee's judgrnent of the ability of the Mortgagor to repay all sums
due under this N9ortgage, and, therefore, this Mortgags may not be auumed by any subaequent holder of an interest in the Mortgaged
Prop~ety, except as provided herein, without the prior express written consent of the Mortgagee. If all or any part of the Mortgaged
Property, or any interest therei~, is sold or transf@rred (including a transfer by agreement for desd or land contract) by Mortgagor
without Mortgagee's prior written cansent, excluding (a1 the creation of a lien or encumtxance subordinate to this Mortgage, (b)
the creation of a purchase money securi4y interest for household appliance, (c) a trensfer by devisa, descent or by operation of law
upon the dsath of a joint tenant, or (d) the grant of any IeaSehold interest of 3 years or less not containing an option to purchase,
Mortgagse may, at Mortgzgee's option, declare all sums secured by this Mortgage to be immediaYely due and payable.
This Mortgage shall sacure not only existing indebtedness, but also such future advances, whether such advances are obligatory
or to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 years from the date hereof, to the same extent
as if such future advanc@s were made on the date of the~xecution of this Mortgage, but such securad indebtedn~ss shall not excesd
- at any time the maximum principal amount of $ n a plus interest, and any disbursements made for~the payment
of taxes, levies, or insurance, on tha Mortgaged Proi~erty, with interest on such disburservtents. Any such future advances, vfiether
ob~igatory or to be made at the option of the Mortga~ee, or otherwise, may be made either prior to or aher the due date of the Note
or any other notes secured by this Mortgage. All covenants and agreemenu contained in this Mortgage shall be applicable to all further
advances made by Mortgagee to Maker under this future advance clause.
Should any of the above covenanu be broken then the Note and all moneys secured hereby shall, without demand, if the
Mortgagee so elect, at once become due and payable an~ this mortgage may be foreclosed, a~d all cosu and expenses of collection
and reasonable attorneys' fees, including costs, expe~ses and reasonable attorneys' fees on appeal, if collected by legal proceedings
or through an attorney at law, shall be paid b~y the illtaker, and the same are hereby secured.
IN WITNESS WWEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
~ ~
Signed, sealed and delivered `
in our presence: ,
~
~ ~ : i {SEAL)
(MOrtgagOp
' ~ ~-7 z «r~c1 ( ' . , ` ~ ~ ~ ~ I
~ r ~ rG~' ~ /Zl-e~j ~ (SEAL) -
90 c.°~ (Mortgagor) /
F W ~
a ~ ~u STATE OF FLORIDA )
_ a ~ COUNTY OF St.Lucie )
a r+ v' ~
$ w I HER,EBY CEFiTIFY, that on this day, before me, and officer duly authorized in the State aforesaid and in
~ o ' ' Larry 0. & Cindy L. Raffield
z~ the County aforeSaid to take acknowledgments, personally appeared
~ a r~~~ to me known to be the person describe~de in and who
~ r+ ~ , e~~cf~ted,ih~. fpregoing instrument and acknowledged before me that y %
F ~ ~ . ~
~ ~ ~ ; ~~~GU~d 4T~e ~sama. _ : ~
} N.; r_ ~-V1ll"fNES~ my hand and fficial seal in the C unty and State iast aforesaid t' ~ay of ~
v' - - A.D., 1~ ~ ~
~ _ • a
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n My Commission Expires: ~Y CO~NIISiIOM EYP JU11E 10,!!!! '
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