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Home My WebLink About0940 ,~Q,~~.~ # o . ~ ~ ~fX ~ ~ ~ ; ~~Xed ~~t~ ; ~ ~ ~ ~S MOR`fGAGE ~~~1'~'o pirect Property Related ~ , . _ With Future Advance ~ ~ ~ THIS IS A BALLOON MORTaA(3E AND 7HE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BAI.ANCE DUE UPON ; MATURITY 1S 49~02~2 , TOQHTHER W17H ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENY3 MADE BY TNE MORT~At3EE UNDER THE TERMS OF THIS MORTt3A0E. ~ MORTaA(~E 7th October S6 P.ichard A. Nermann 7NIS MORT~iAG~, made this day of , A.D., 19 between and ~fargaretia A. Hermas~~or) end,S»n Rank/Trvas~ rp Cn2st~ iCa~~~1,~ec 6_i~j~n (MO~tJegee); (NAME OF LENDER) WI7NESSETH, that Monga• gor, for and in constderation of the p~emisea and tn order to sacure ihe payment of the principal and inte~est on the note (as heretnafter dbfinad), Mortgegor hereby g~ants, essigns, transfers and mortgeges to Mortgagee, its successors and assigns torever, the following described real prnpeny in St .Lucie County, Florida, to wit: ~E, ~ Recelved ~n PoY?nent Ot oxet As Per Attached Exhibit "A" Due On C'ass ~n'an ,ib'o Persona! Propariy, Pursuan; To Chap er ~ 1. 134, ACIS Ot 1971. ~ FtO~ER Pi1tRAS i Ci~rk Circuit Court~ S` LuCie, Co~,..~~s ~ ~ ~ 1 lhereinafte~ ~eferred to as the Mortgaged Propeny); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and will defgnd the same agalnst tha lawfui claims of alf persons whomsoevar. ~PROVIDED ALWAYS, that if Richard A. and 2~ ar h~. ~}erman , th~ Makar(s) of thet certain INSERT NAME(S)) promissory note deied the date hereof (the Note), ~h~~r heirs, (egal repretentatives or assigns shall pay to Mortgagee the princlpal sum of $ 60,000.00 8s evidenced by the Note, with interest and upon the terms as provided therein, the final matu• rity data of the Note and of thls Mortgage baing October 6 ~~~2001 ~~~ch Note provides that ali installments of prineipal and i~terest are payable at the office of Martgagae, or at wch other place ss the Molder may designate in writing, and that each maker and endorser agree to pay ail coats of collection, inciuding a ressonabla attorney's fee, upon defau{t in the payn~ent of the ~ Note, and that if default be made in the payment of any installment thereunder and that if such defauit is not made good in accord- dance with the terms of the Note, that the entire principal wm and accnred, eameci interest shati become due and payable without s n~tica at the option of the hoider thereof; anci shetl perform and oamply w)th each and evary stipulatio~, agreement and covenant df ~ the Nota and of this Mortga~e, then this Mortgege and the sst.te hsr~by created si~e~l kte voi~~ othenwise the same ahsll remein in fuli ~ force. Meker covenants to pay the interest and prinaipal promptly when due. Mortgagvr oovenants to pay tho taxes and assessmants on said propeRy; to kesp the improv~ments now ex+~ting or hereafter erected on the property inwred egaintt loss by fire, hazards in- ~ clude~ within the term "extended coverage", and wch other hazerds as Mongagee may ~equire and in such amount and for such ~ periads as Mortgagee may require, with a company approved by the Moctgaflee, with a standard mortgsge loss cla~ase payable to ~ Mortgagee, the palicy to be heid by the Mortgages; and io keap the building on said land in proper rapair. '1'he losn represented by this Mortgage and the Note is personai to the Mortgagor and the Mortgagee made the loan to the Mortgagor based upo~ the cr~dit of the Mortgagor and the Mortgagee's judgment of the ability of the ~Vlortgegor to rapay all sums ~ due under this Mortgage, and, therefore, this Mortgaga may not be auumed by any wbsequent holder of an interest in the Mortgaged ~ Property, except as provided herein, without the prior express written oonsent of the Mortgagee, if ail or any part af the Mortgaged Property, or any intersst therein, is sold or transferrad iincluding a transfer by agreement far deed or land contract) by Mortgagor ~ withotit Mortgagae's prlor writta~ consant, excluding (a) ihe creetion of a lien or encumbrance subordinate to this Mongage. (b) the cregtion of a pureh~se money security interest for household appliance, (c) a transfer by devise, descent or by operation ot law ~ upon the d~ath of a joint tenant, or (d) tt~e grant of any lessehoid interest of 3 years or less not oontaining an option to purchase, ~ Mortgagee may, at Martgagee's optiort, d$clare all wms seaired by this Mortgag~ to be immediataly due and payable. This Mortgage shall secure not 9niy existing indebtedness, but also such future advances, whether such advances are obligatory ' or to be made at the option of Mortgagee, or otherrnrise, as are made within twenty (20) years f~om the date hereot, to the same extent ~ as if such future advances were m~e on tha dete of t e execution of this ttAortgage, bu4 such secured indebtedness shall ~ot exceed at ; any time the ma~cimum principal amount af plus interest, and eny disbursemonts made for the payment of taxes, ; levies, or inwrance, on the Mortgaged Property, with interest on suc#~ disbursements. Any wch tuture advances, whether obligatory or ~ tn be made at the option of the Nlortgagee, or oiherwise, may be made either prior to or after the due date of the Ngte or any other i notes secured by this Mortgage. All covenants and agreements contained in this Mortgage shaft be applicable to all furiher advances ~ made by Mortgagee to Maker undar thia futu~e advance clause. Should any of ihe abova covenants be braken then the Note and all moneys secured hereby shall, without demand, if the Mortgagae so elect, at once b~come due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and ~ reasonabls attorneys' fees, including casts, expenses and reasonable attorneys' tees on appeal, if coUected by legal proceedings or through en attorney at law, shall be paid by the I~aker, and the same are hereby secured. # IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of tha dete first above set forth. ~ THIS IS A BALLOO{V MORTQl~?QE AND THE FINAL PR1111CIPAL PAYMENT OR TidE PRINCIPAL BALANCE DUE ~ UP0~1 MATURITY !S 49,026.42 , TOGEYN~R WITH ACCRUED INTEREST, IF ANY, /aND ALL ADVANCEMENTS MADf BY TH~ MOi~TGAGEE UNDER THE TERMS QFT~$ MORTGAGE: ~ 5igned, sealed and delivered l r in our pres~n : Laitne s : , . ~ " ~ ~ . r r # . ~ ~ i / . ' ISEALI ~ ~ , (MO, T AGO • ard A.Hermann ~ ~'G2 O~l~C~ Q-~-sn.+..,-_-...~SEAL) ~ ~ (MORTGAGOR) l:argaretha A. Nermann ~ o STATE OF FLORIDA ) ~ COUNTY OF ) Q z ; W ~ ' I NERESY CERTIFY, that on this day, before me, and officer dulY authorized in the State~afdt ~ d in ~ N ~ Rich 3rd A, and i4`,argdrat~a the ~ounty aforesaid to take acknowledgments, personally appeared ~ ~ Hermann tQ me known to be the persan de;eri •'~~i`~n ~ : . z~ ~ executed the foregoing instrument and they ~knowledged befor~ me that ~ ~ ~ executed the same. L~ 1 ~ i i~': r ~ WI NE my harxi and ~official seal in the County and State iast aforesaid this ~_'4'~ ~"~..day cft>.~ ~ a~ ~ A.D., 18 t~'i 4 ~ v> a~ o • • _ , ~ x~ . ! x a ~ ~ ' Notary Pub~ic • ~ t" ~ ~ My Commission Expires: 3~- g9 ~ c~ ~ ~n " ° ~ • , r ~ , F A ~ N ~ ~ • i~tk f ~ ~ P46015-000•6 (Rev. 6/86) mw . , . - ~ z ~ ~~0 5 i ~ P~~~o ~ ~ s ~