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Home My WebLink About0967 ~C.E'~G-- / i O P / I / ,rl 0 - ~ c~ ~ - ~ / ~S ~ TX ~ a v • ' Direct Property Related , ~~~C~~~ 11Vith Future Advance, ~ ~ MORTGAGE i i TWIS MORTGAG~, made this lSth da of , A.D., 19 ~i~ , j betwgen un an o S lMort~ago~~9~ f (Name of Bank) WITNESSETH, thet Mortgagor, for and in consideration of the premises and in orcier to sacure the psyment of the prinaipal and interest on the ~ote (as hereinaf~er definadl, MortQagor hereby grants, auigns, tronsfe~s and mortvages to (tir`longngee, its successors and auigns forever, the following describad reai property in c" a P_ County, Florida, to vuit: Lots 10, 11, and 12, B2ock 18, PARADISE PARK. ~ R Grantees acknowledge that no title search by the scrivener has been requested by them and that none has been performed by the scrivener and that they take title subject to a11 matCers. THIS IS A SECOND MORTGAGE. (herainaher raferred to as the iNortgaged PropertY): and the Mortgagor does h~reby fully warrant tfie tide to the Mortgaged Properhr and will defend the same agair?st the laarful daims of al{ persons whomsflever. ~ ~ PROVIDED ALWAYS, thmt if R^?"'*'t L Mg,],;~,Q~~~ Ra~b_ara it~h~on Myldrew , the Meker(s) (lnsert Nams(s)) ~ af that certain promissory nate dated the date heteof (the Note), - their heir:, legal representatives of auigns shatt pay to Mortgagee the Rrincipai sum of S.~=5..~.49$. 5- 3-,--~ es evidenced by the Note, with interest and upon the terms as provtdesi therein, the final maturity date of the Note snd of this Mortgage being ~~~rr _ t S , tg 9~, , wt~ich Note provides ~that all insta~lments of principal and interest ara payatr~le at the office qf Mortgagee. or at sudh ~ther ptace as the holder may designate in wri~ing, snd that eac~ makef and endorser agrea to pay all costs of collection, inc(udtng a re~sonable attorney's fae, upon defauit in the payment of the Note, and thet if default be mad~e in the payment of any installment thereundar and thst if such ciaf~ut~ is not made good in aacordence wit#~ the termt of the Nota, ~at tha entire prlncipal sum and aocrued earned interest shail baceme due and payabta withaut rwtlce ai the a~p4ion oT tha hotd8r zYi~reof; and shalt perfcxm and compiy with each and evsry stipu- iation, agrc?ament and covana~t of the Note and of tfiis Mortgage, tt~en tf~i: Mortgage and tfie est8te he~eby aeaced shall ba void. otharwis~ the seme shatl remain in full force. Maker covenants to pay the interest and prinaip~! promptly when due. Mwtgayor ~ covenanb to psy the t~xe; and assessments an s~id proptrty~ io keep tfio improvemants no~r exisdng or heremfter erecied o~ the ; praperty iraured againtt loas by firs, hezards inclue4~d within the tarm "extendad coverags". argd such other hazards as Mortgegee msy ~ requiro and in such amounts and for such psriods as Mortgagee may require, with a comRany approv~d by the Mortgegee, with a ; standard mortgage lass clause payable to Mortgegee, the poticy to be held by the Mortgagea, and to keep Lhe building an seid land in ~ proper repair. . . Tha loan represented by this Mortags and the Note is pananal to the MortgegoP and the Mortgagee made the loan to the ~ Mortgeg~r based upon the credit of the MortQagor and the Martg~gee's judgment of tfie abiiitY of tt~e Mort~Qor to rapay a!I sums ~ due under this Mortgage, and, Lherefore, this Mortgage may not be assumed by any wbssqu@nt hdder of an tnterost in the Mortgaged ~ Property, exaept as provided herein, without the prior express written consant of the Mort~~ee. !f all or any part of the Mon~gad Proparty, oi any intarest tharein, is sold or tran:ferred (induding a transfer by a~eement for~ daed or land contractl by Mongsgor ~ tivithout Mortgagee's prior written consant, excluding (a) thb cxeation of a lien or sn+rximtxance wtsardinate to this Morig~ge, (b) tha creation of a purchese money sacu~ity in4erest fon c~wsehdd applie~fle, (c? a trantfer by devise, dascent or by operation of law upon the death of a Joint tenant, or (d) the ~$~t of ~ny lessehold interost af 3 yeers or lesa nat conteining an option to purchase, r hlortga~e may, at Mortgagee's 6ption, declare all sums secured by this Mortgage to b~ immadiately due and payab(e. ~ This Mortgage shall secure not only axisting indebtedneu, but alsa auc~ future advances. whetfier such sdvancea are oblig~iory ~ or to be made at the option of Mortgag~e, or otherwise, as are meda within twar+ty !20) ye~n from the date h~reof, ta +the same extent as if such future advances were msda on tfie date of tf9e execution of this Mortgage, but such securod indebtedn~s ahall nat exceed ~ at any time ths maximum principal amount of $ n~a plus interest, and any disbursements made for the payment of taxes, levies, or inwrance, on d~e Mortgaged Property, with interest on su~ disburtemenu. Any such future advances, whether obligatory or to be made at the option of tha Mortgagee, or otherwite, msy be made aiiher prior to or after the due date of the Note or any other notas secured by this Mortgage. All covenanu srad a~aements cantair~ed in this MQrtgage shall be applicable to all further adv~nces made by 11+9artgagee to Maker under this future advance clausn. ~ Shoutd any of the above covenanu be broken then the Note and atl moneya secured hereby shaN, without demsnd, if tfie Mortgagee so elect, at onca become due and payable an~ this mortgage may be foredosed, and aU cosis and expenses of collection and reasonable attorneys' fees, induding costs, expenses and reason~ble attorneys' fees on aRpeal, if collected by le~l procesdings ~ or through an attorney at laay, shall b~ paid by the Maker, and the same are hereby secured. ~ , IN WITNESS WHEREOF, the Mortg~gor has executed this Mongage as of the date first above set fortfi. . Signed, sealed and delivered " ~ in our presence: ~ ~o ~ ~y°~` ~'9-r- (a.'~ ° 4/ csEa~1 (Mortgagor) Robert L. Muldrow c~ ~ ~ (SEAL1 ~ .a (Mort go~) Barbara binson Muldrow r ~ W V ~ w ~ ~ STATE QF FIORIDA ) o~. N COUNTY OF St . I.ucie ) a ~ 3 o I HEREBY C~RTIFY, that on this day, 6of~r~,tne;'~d officer duly authorized in the State aforesaid and in ,x the County aforesaid to take acknowledgmentsip~riortallY sp~ared Robet't L. Muldrow and W o ~ a Robins n Muldrow ~f ~ r~~:-_ . ' nown to be~the psrsan describsd in and who _~.~r3~~'~. .~2 to rr~e l~ P° axecuted the foregoing instrument and ` ,a,:. ~ac~Cnowledged before me that the~ t ~ ~ _ y ~ ~ executed the same. ,.`;~f:-~~`i~````` ~ WtTNESS my hand and official seal i°~~~he County ar~ Siite tast aforesaid this 15~L day of _ _ _.,_~~t=. , A.~:; ~,si ~ ~ C~ e:~~ _ ~ - U R ~ ' IjOTARY POBIIC STRTf GP FLORIUA ~~6 PI~6E ~6~ My Commiasion Expifes~,~ t01lNISSIOM ExP. MAY 2E,1988 800K 46414-000•7 (Rev. A/84) mw 00lOED iMAU 6fiERAI INS. u1F0. ,