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Home My WebLink About0938 1. c90 ~ ~ /C) I ~v~~ T X ~~.25 ~ D S a 3c~ ~ pirect Property Related ~ ~~8~~~ With Futura Advance MORTGAGE ~~'1 7HIS MOR7GAGE,,~t~a~ e ~s 3rd a of October , q.p,. ~g 86 , between ~a?~ ~~d t11011 dSe r ve an~ Y.ura c~ (Mortgagor) ant! un art re sure 1Morcga~ee); (Name of Bank) WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the p~yment of the principal and interest dn the note (as hereinafter definedl, Mortqagor hereby grants, assigns, transfers a~d moriqages to Mortgagee, its succQasors and assigns forever, the fotlowing described real property in - St ~ Ui('.3P County, Florida, to wii: The East 150 feet of the South 245 feet of the East~ of the Southeast ~ of the Northeast of Section 33, Township 35 South, Range 39 East, ~ St. Lucie County, Florida, less the South 25 fpPt.fnr hiuller Road right-of-way. . . : . , . : ~ _ . : , . . . . L ~ t , - I i j'r"i• l. . - ' i_ Y' • ' (hereinafter referred to as the Mortgaged Property); and the Mortgagar does hereby fulty warrant the title to the Mongegeci Property and will defend the same ageinst the lawful ~ar~ `~a ~yr~on~"~las~~'~°rove and Lurae J. Nase] grove PROVIDED ALWAYS, thet if , the Maker(s) . (lnsert Name{s)) of that certe;n promissary note dated the ciate hereof (the Note), t~~^ heirs, legal representatives or assigns shall pay to Mortgagee the principal sum of S~_EZ., as evidenced by the Note, with interest and upon the terms as provided therein, . the finai maturity date of the Note and of this Martgage being _.~..~.~tt~bL'~` 2,~ gQ~ , 19 , which Note provides tt~at a(1 instattments of principai and interest are payable at the office ot Mortgagee, or at such other place as the holder may designate in writirtg, and that eact~ maker and endorser ag~ee to pay ati costs of cotlection, incfuding a reasonable attorney's fee, upon default in the payment of the Note, and thet if default be made in che payment of any installment thereunder and diat if wch dafault is noi mede goai in aocordance with tha term~ of the (date, that the entire principat sum and axrued earned interesi shaN become dua and payebfe wi4hout notics at the option of the holcfe~ thereot; and shail perform end cgmply with ear.i~ and evepy stipu- lation, agreemeni and cave~ant of 4fie Nota and of tfiia Mortgage, then this Mortgage and the eseate her~by rxeated shail be void, athanvise tha same shall remain in full farce. Maker covenants to pay the interast and principal promptly when due. Mortgayor ' covenanb to pay tha taxes and ass~ssments on said property; to keep the improarements now existing or hereafter erected on the ~ ; property imured against loss by firo, hezerds included witfiin the term "extended coverage", and such other hazerds as Ms~rtg~gee mey ~ ` requira and in such amounts and for such periods a: Mortgages may require, with a company approved by the Mortgagee. with a ; standard mortgage Icus clause payabie to Mongagea, the policy to be held by the Mortgagee, and to keep the building on seid tand in ~ proper repair. ~ The toan represented by this Mortage and the Note is persona! to the Mortgagor and the Mortgagea made the loan to the Mortgagor based upon the credit of the Mortgagor and the Mort~gee's jud~nent of the ability nf the Mortgagor to repay all sums due under this Mortgege, and, t4~erefore, this Mortgage may not be auumed by any subaequent holder of an (ntarert in the Mortgag~d Property, except as provided herein, without the prior express written conaeni of the Mortgegee. If all or any p~rt ot tha Mortgaged Property, ar ~a~y interest therain, is sold or transferre~d lincluding a trensfer by agreement for deed or land contract) bY Mortgagor witi~ou4 MOrtgagee's prior written consent, excluding (a) the creation of a lien or encumbrance wbordinate to this Mortgage, ib) s the creation ~f a purchase money security interest for housthoid epplience, (c) a transfer by dav(se, descent or by operatian of law ~ upon the death of a jo3nt tensnt, or (d) the grant of any leasehald interest of 3 years o~ lest not containing an option to purchase, Mortg~ges may, at Mtortgages's option, declare ali sums socured by this Mortgage to be immediately due and payable. This Mortgage shall sacure not oniy existing indebtedne3s, but afso sudt future advences, whether such advances ar+e obligatory or to ba made at the option of Mortgagee, or othervvise, as are made w:ihin twenty (20) years fr6m the date hereof, to the same extent as if such future advsnces were made on the date of tfie e ec~tion of this Mortgage, but such s~cured indebt~ness shal! not exceed at any time the meximum principal amount oi S N~ plus interest, and any disbursements made for the payment ~ 1 of taxes, levies, or insurance, on the Mortgagsd Proparty, with interest on such disbursements. Any such future advanc~s, whether ~ obligatory or to be made at the option of the Mortgagea, vr otherwise, may be made eiiher prior to or after the due date of the Note ~ or any e~ther notes secured by this Martgage. Alt cQVenants and ayreemenu contained in this Mortgage shall be applicable to all further ~ advances made by Mortgagee to Maker under this future advance ctause. ~ Should any of the above covenanis be broken Yhen the Note and all moneys secured hereby shall, without doma~d, if the Mortgagee so eleat, at once become due and payable and this mortgage may E~a foreclosed, and alt costs and expenses of collection and reaaonable attorneys` fees, induding costs, expenses and reasonabls attorneys' fees on app2al, if collected by le~l proceedings or through an attornsy at law, sha!! be paid by the Maker, and the same are hereby secured. IN WITNESS WHEREOF, the Mortgagor has ~xecuted this Mortgage as of the date first above set forth. Signed, seated and delivered t in our pre , t~: { . ~ (SEAL) ~ ~ • ~ Mortgagc~r c • ~ A s m ~ ~ (SEAL) j o (Mortgagor) ~ ~ ~ STA7E OF FL.ORIDA ) d ~ a ~ COUNTY OF St. Lucie ~ Q) ~ ; : s . a s. ~ . ~ N I HEREBY CERTIFY, that on this day, befor4 rtie, and o~icer du~y thorized in theSat for and in ~ w i the County aforesaid to take ackn~'I S~4~Vi f8 ~.~~;onally appea~ed. ~d)" I~dyfTi011(1 tldS~ f~l'~1~@ d~~ ~ '`~'tp~'tne hown to be the person described in and who ~ ~ ~ executed the foreqoing +nstrument and nowledged before me that ~ ~ ~ axecuted the same. . ~J 3 , ' : ~ m WITNESS my hand and afficial seal in the G ~ 5tate last afor said this ~~d day of ~ y OctOber A.D..1ff'-`~~°'} .i ~ ~ ' t r cn . f B~0? 5 l 8. PASEO 9 3 4 My Commission Expires: N4TAAY P~8[1C StAif 460i400Q-7 (Rev. 4/~4) mw QOMp~p~1 AU~&frte ~ao1988 ~ t -