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Home My WebLink About0936 y, ~'o Dac stamps. ~20.10 • ~ Int t'ax~ 2G.71 ` Oirect Prope~ty R~lated / L f b' U G Z~/ ~~~~,,4~' With Future Advance ' . i MORTGAGE ~ ,I p ~ 'ThItS MORTGAGE, made this ..,.b.r h de of LLo..r sa,~.~ , 1 betwesn y A. D.: 19 , ~ ° ~ ~~ee~ - ~B e~ e . lMortgagor) arxl (Name of Bank (Mortgegeel; ~ WITN~SSETH, thst Mortgagor, for and in consideration of the premiset and in order to securs the payment of the principal ~ and interest on the note (as hereinaher definedl, Mort~taegor hereby grants, as3igns, t~ansfers and mortQages to Mongagee, its succeswrs a~d assigns forever, tha following described rea! property in `s* T_~ir i ra ' ; Gounty, Fiorida, to wit: Lot 4 Block 527 Port St Lucie Section Ten, according to the Plat thexeof, recorded in Plat Book 12, Pages 49, 49A through 49G of the Public Records of St Lucie County Florida THIS IS A SECOND MORTGAGE (hereinafier referred to sa the Mortgaged Propertyi; and the Morigagor does hereby fuily warrant the titte to the Mortgaged Property and wifl defend the same agaimt tha lawful dalma of all persans wf?omsoevar, PROVIDED ALWAYS, that if the Maker(s) Inaert ame(s of thst cartain promisw note d ed th te he~cof (tha Note), h p; r ry ~ 3, 3~~ 81 heirs, tegai represenestives or assigns shall pay to Mortgagee ttte principal sum of $ • as avidenced by the Note, ~vith interest and uAon the termt as provtded therein, - the final maturity date of the Note a~d of tt~is Mortgage being - Glo.t ^ b Q r b._._ , 19 _,g.g_.,. , which ~ Note provides that all instaNrr~ents of prinapal and inter~st ar~ payabla at ihe office Qf Mortgagee, or at such other place as the holder may designate in w~iting, and that each malcer and endorser agrae to pay ali costs of coltection. including a reasonabie attornay's fee, upan default in the payment of the Note, and that if defautt ba m~de in the p~yment of any installment thareunder and that if wch ~fault is not msde $ood in aacordu»ce with the terms of tha Note, that the enttre prlncipat sum and aocxued esrned interest ahall b.-ccrns dcrs and payable without not9ce at the aption of the halder thereof; and sha11 perfom~ and comply with each and every stipu- lation, agreement and covenant of tfie Nota anst of tfii: Mortg~ge, then tHi: Morr~a$a and tho estate hereby cx~at~ed shsli be void, j otharwise th0 same shal! ramain in fuli force. Maker covenants to pay the ir~terost and prlnctpal prompt(y when due. Mortga~or f covenants to psy the t~xas and asisssmertt; on said property; to keep the improvameMS now extsting or hereafter erected on the ~ ~xoperty iruur~d againsi loss by fire, hazards inctuded within tt?e term "extended covernga", anci sucfi other hez~rds es Martgagee mey recauiro arsd in such amounta and for such pertods as Mortgsgee may raquire, with a company epptoved by tha Mortgagee, with a standard mortgage loss clesasa payabte to Mortgag~aa, tfie policy to be held by the Mortgaga~, and to keep the building on said Isnd in proper repair. ~ The loan rapresented by this Mortage and the Note is personal to the Mortgagor and the Mortgagee made the loan to the Morigegor based uRon the credit ot the Mortgagor and the Mortgagea's Judgment of the ability ot the Mortgagor to repay all sums dus under tfiis Martgage, and, tfiarefore, this Mortgage may ngt ba s.ssumed by any wb~equent hotder of an interost in the Mortgaged Proparty, except es provided herein, without the prior exprest wr;tten consant of Yha Mortgegee. If al! or any part of the Mortgng$d Property, or any interest therain, is sotd or trsnsfened (including a transfer by agreement for deed or tand contract) try MoRgagor ~ withoeit Mortgagee's prior written consent, excluding (a) the cxeation of a tien or encumtxanca subordinate to tfiis Mortgage, (b) the creatton of a purchase monsy sacu~ity interest for housahald appliancaa, !c) a transfer tsy devise, descent or by operat~on of !aw upan the death of a joint tenant, or (d) the grant of any leasehoid interest of 3 years or lest not containing an option to purchase, Martgagae may, at Morcgagee's option, dectare alt sums securad by this Mortgoge to be immediatety due snd payabte. This Mortgage ahail sacure not only existing indebtednes:, but also such future advances, whether sur.h advances are obligatory ~ or Lo be msde st the option of Mortgagee, o~ otherwise, as are rnada within twenty (2A) yean from tha dste hereof, to ihe same extent as if such future advsncas ware made on the date of the execution of tfiis Mortgage, but such secured indebtedness shail not exceed ; at any tim~ the maximum principal amount of ~ n f a plus interest. and any distwrsemenu made far the payment f of taxes, levies, or insurance, on the Mortgageci Proparty, with interest on such disbursements, Any such future advances, rvhether ~ obligatory or to be masie at tfie option of the Mortgagea, or oiherwise, may be made eit#?er prior to or aRer ihe das daie of the Mote or any oti~er notes secured by this Mortgage. Afl covenants and agreements contained in this klortgage shall be applicab(e to all fu~ther advances made by Mortgagee to Maker under this future advance clause. ~ - Should any of ihe abovo covenanu be broken then the Note and alt moneys sec~ered hereby shali, writhout demand, if the ~ Mortgagee so elect, at once become due and payable and this mortgag~ may be foreciosed, and all costz and expenses of collection ~ and reasonable attorneys' feas, induding costs, expenses and r~awnabte attorneys' fees on appeal, if coileated by le~l praceedings f or through an attorney at law, sttatl be paid by the Maker, and ihe same are hareby secured. ~ IN WITNESS WHEREOF, the Martgegor has executed this Mortgage as of the date first above set forth. ~ Signed, sealed and delivered in our presen~: ~ f , ~ ~ ~ ~ (SEAL) j , (Mortgagor) ~ ~ ~ a ~ i ~ - - ~ (SEAL) ~ c - - , . - (Mo ~0~1 i a~+c _ - . : . - c-_ , . ; a STATE OF FLORIDM ) . , ~Y~ ` . : W ' - _ ! ~ , ' ~ . r ' Y ~ ~ COUNTYOF St Lucie j ~ 1~~ s~, i : . . . ' ~ 3 I HEREBY CERTIFY. that on thia day, before ms, and officer duly authorized in the State aforesaid and in - w tfie County aforesaid ta take acknowled~nents, personaliy appeared R av~mond g.j~~,'~'r',x';~;L ~ n~, ; ~A}iAYA11 A T'I'P~ }t ~ T;'i, ~ Ma ti~ stif e~ to me kno~vn to be th ' t~ ~:~~~i in and who a executed the foregoing insuurrent and .~,~eT acknowledged b_ ~iY1e~ ~hat ~ + executed the same. • ° < 2 ~ , 'ty; : ~ 6 t h- : r WITNESS my hand and official seai in the County and State last af a~thit'~ day of z October A.D 19 86 . .~..~„e. p Notary P~blic , My Commission Expire~tr~ta+v t~rrbttc. State of Florlda at L'arg 48014-00~-7 (Rev. 4/84? mw g~~ 5) ~.~ds~~ ~v wo~ trn~usi~~wi ptres Nov. 6. 1989.g. Y YubJic Underyyr~t9ta,