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• SUNLINE EQU11'Y MOHTGAGE 5"U. t U T~ ,p ~
- ~ '~~810~ 3~ ~
THIS MORTGAGE, made this 8~'~ day of. ~tn~'-r - , A.D., 1~
between P~~ick J Bitetto and Gladys M Bitetto, his wife (Mortnagor) and
~~n Rankj~[~-Pa~~irs=. r~~,,,.;~+-;nn ~ 1Mortgageel. !
(Name of Sun Bank) ~
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment I
of the principal and interest on the agreQment (as hereinafter defined~, Mortgagor hereby grants, assigns, transfers
and mortgages to Mortga~e, its successors and assigns forever, the following described real property in
St. Lucie _ County, Florida, to wit:
Lot 15, B1ock 697, PORT ST LUCTE SDCTION EIGHTEII~I, acoording .
to tt~ Plat thereaf, reoorded ~n Plat Book 13, Pages 17,17A ~
through 17K of th~ Public ~ords of St. Lucie Coun~±:~' ida•~n PoYmen4 Ot TaxeS
, . , . Reeatved
_ Due On C~ass ~nl~n~ib'e Pe~son~ Prope~~Y~
: _ . . ~ ` ~ ;'?s f ; , r~ : ~ Pu?suant To ChaP.er I1. ~ 3~. Acis Of 1971,
i~Ci23'ri~{~~: • ROGEft Pi17E2NS ~'a
- ; s • ' ' ( $L LUCI@~ CO.~.
~~(hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor do~ftlS~~f~t4varrant the titie to Mort-
gaged Property and wiil defend the same against the lawful claims of ali persons whom~oeve~.
PROVIDED ALWAYS, that if Patrick J Bitetto and Gladys M Bitetto, his wife ~
(Insert Name(s)) ~
i
the Maker(s) of that certain SunLine Equity Account Agreement dated the date hereof (the Agreement), ;
their heirs, legal representatives or assigns shall pay to Mortgagee the principal sum of $ 25,004.00 i
as evidenced by the Agreement, with intsrest and upon the terms as provided #herein, which Agreement provides -
that all installments of principal and interest are payable at the office of Mortgagee, or at such other place as the
hotder may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a
reasonable attorney's fee, upon defauft in payment af the Agreement, and that if default be made in the payment
of any installment thereunder and that if such defautt is not made good in accordance with the terms of the Agree-
y ment, that the entire princi~al sum and accrued, earned interest shall become due and payable without notice at
~ the option of the holder thereof; and shafl perform and comply with each and ev$ry stipulation, agr~ement and
covenant of the Agreement and of this Mortgage, then this Mortgage and the estate hereby created shall be void,
otherwise the same shall remain in full forc~. Maker covenants to pay the interest and principal promptly when
due. Mortgagor covenants to pay the taxes and assessments on said property; to ker.p the improvements novr exist- ~
ing or hereaft~~ erected on the property insured against loss by fire, hazards included within the term "ext~nded
coverage", and such other hazards as Mortgagee may requira and in such amounts and for such periods as Mort-
gagee may require, with a company approved by the Mortgagee, with a standard mortgage loss clause payable to
Mortgagee, the policy to be held by the Mortgagee; and to keep the building on said land in proper repair.
{ The Mortgage shall secure not only ~xisting 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 (20)
years from the date fnereof, to the same extent as if such future advances were made on the date of the execution
of this Mortgage, but such secured indebtedness shall not exceed at any time the maximum principal amount of
;
i $ 50,000.00 plus interest, and disbursements made for the payment of taxes, levies, or in-•
~ surance, on the Mortgaged Property, with interest on such disbursements. Any such future advances, whether
; obligatory or to be made at the option of the Mortgagee, or othervsrise, may be made either prior to or after the
3 date of'the Agreement, or ar~y other Agreaments secured by this Mortgage. All covenants and agreements contained
in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this future acivancA
clause. ~ ~
Should any of the above covenants be broken then the Agreement and all moneys secured hereby shall, with-
out dema~d, if the Mortgages, so elect, at once becom~ due and payable and this mortgage may be foreclosed, and
all costs and expenses of collection and reasonable attorney's fees, including casts, expenses and reasonable attor-
ney's fees on appeal, if collected by legal proceedings or through an attorney at law, shall be paid by the Maker, ,
and the same are hereby secured.
IN WITNESS WFiEREOF, the Mortgagor has executed this Mortgage as of ths date first above set forth.
ig d, seal R elivec~d ' our presence:
(SEAL)
• m (Mortgagor) Patr k J Bi
~ W ~ e. (SEAL)
~ ~ ~ ~ (Mortgagor)
a ~ TAT E O F . ) GI dys Bitetto
N ~
a COUNTY OF St. Lucie ) -
~
W I HEREBY CE~iTI FY, that o this day, before me, an officer duly authorized in the State aforesaid y
i~
and in the County aforesaid:~~~~~tn~wledgements, personally app~ared Patrick J Bitetto &_~1~
~ o~ ~ ~ ,
; Z~ to me known to be the pe~~ r~.~le~c~~~ie~l ih ~iid who executed the foregoing instrument and
~ they ~ ~
~ N ~ ~ acknaw ~~~ec~~~fpre 'm~ ~i~at . ~y executed the same.
.
_ - • . r . .
1} ~
~ A WITNESS my hand~~~k~ p~f~~ial's~al,~n,{~e County and State last aforesaid this 7th ~
~ ~ . t r:,-t ~J.
* ~
day of _c~ctinbe~' ~ ' ° " :.-~~~`:`~19
:y - -
4-6033-000•4 (Rev. 2/83) dlc 5' g~ P~6~0 9~ 6 N ry 1C ~s1T1,AY PUBIIC SiATf OF FiORI~A ~e~~
My C missian x ires: ter"~jSSJQ9 EX9. ~;i 14~i~ ~
P 60~r.n u,:~