HomeMy WebLinkAbout0944 - k~d y ~ ~
Doc Stamps; $46,50 ~ /
Intangible Tax: 61.96
Recording ; $9.00
• • . ~~g$.~3- Direct Property Related
~ With Future Advance
MORTGAGE '
`f ~
THIS MORTC~C~E~m~e this day of. OCtOber ~ q,n„ ~g f36 , t
betwean d roWn d11 oiit te B rnwn a hl wi fp (Mortgagor) and ;
~Mortge9ee); !
(Nsme of Ban ) ~ '
WITNES5ETH, that Mortgagor, for and in conside~ation of the premises and in order to secure the payment of the principal i
and interest on tha note (as hereinafter ~efinedl, Mon4agor here y grants, 8ssigr~ s, transfers and mortqages to Mortgagee, its successors =
Lucie 1:0U11tV
and assigns forever, tNe following describ~d reai property in i
County. Fiorida, to wit: i
Lot 4, Tract 121, A Resubdivision of Blocks 113, 114, 127 and 128, _
GARDEN CITY FARMS, according to the plat therof recorded in Plat Qook 8, -
Page 3, of the Public Records of St. Lucie County, Florida. ~
t
This is a first mortgage. ;
3
(hareinaker referred to as the Mertgaged PropertYl; and the Mor4gago~ does hEreby fuliy warrant the titte ta the Mortgaged Propertv ~
and will defend the same sgainst tha lawfuf ~la
i~n~of ~Ir~ew~n and ~.oul
se' B. Brown , hi s wi fe
PROVIDED ALWAYS, that if , the Maker(s1
(Iruert Name(s))
of that certain promiuory note dat~ t$e~~a~6hereof (the R~ote), ..~hi9.i heirs, legal representatives or assigns shall pay to
Mortgagee the principal sum of S 3U ~ • as evidenced b t~ie ~lote,~n+ith,inierest and upon the terms as provided therein,
the final maturity date of the Note and of this Mortgage being ~C o er , 1996 , which
Note providas that all instailments of principal and interest are payable at the office of Mortgagee~ or at such other ptace as the holdsr
may designate in writing, and that each maker and endorser agree to pay all costt of collec4ion, including a reasonable aKornsy's fee,
upon default in the payment of the Note, and that if default be made in the payment of any inst~llment thereunder and that if such
cbfault is not m~de goc~d in aocordance with tha terms of tha Note, that the entire principal sum and accrued earned interest shal!
bacome due and payable without noti~e at the option of the holder ther~of; and shall perform and comply with each and every stlpu-
lation, agreement and covenant of the Note and of thi: Mortgage, tfien tt~is Mortgage and the estate hereby cxeated shall be vaid, -
otherwise the same shall remain in full foroe. Maker covenents to pay the interest and principal promptiy when due. Mortgegor =
covenants to pay the taxes and assessmeMS on said proparty; to keep the improvements now existing ar hereafter erected on the
~ property insured against loss by fire, hezards induded within the term "extended coveroye", and wah other hezards ~s Mortgagee may -
~ requiro and in such amounts and for such periods as Mortgagea may require, with a comp~ny approved by the Mortgagee, with a
standard mortgaga laas clause payable to Mort~gee, the policy to be held by tfie Mortgagee, and ta keep the buitding on said land in
proper repair.
The loan represented by this Mortage and the Note is penonaf to the Mortgagor and the Mortga$ae made the loan to the
Mortgagor based upon the credit of the (Vlortgagor and the Mortgages's jud~nent of the ability of the Mortgagor to repay all sums
~ due under this Mortgege, and, therefore, this Mortgage may not be assumeaf by any subsaquent holder of an inter~st in the Mortgaged ~
Property, except as provided herein, without the prior axprsss written consent of the Mortgagee. If all or any part of the Mortgaged
Property, or any interest therein, is sold or transferred (including a transfer by a~eement for desd or Isnd contract) by Mortgagor
without Mortgagee's prior written consent, excluding (a) the ~reation of a lien or encumbrance subordinete to tt~is Mottgage, (b)
the creation of a purchase money security interest for household applianoe, lc1 a transfer by devise. descent or by operation of lavsr
upon the death of a joint tenant, or (d) the grant of any leasehold interest of 3 yeats or les: not contHining an option to purchsse,
Mortgagee may, at N{ortgagee's option, declare all sums secured try this Mortgage to ba immediately due and payable.
This Mortgage shall ucure nat only existing indebtedness, but also such future advances, whether such advances are obligatory
or to be made at tha option of Mortga~ee, or otherwise, as are matia within.twenty (20) years from the date he~eof, to the same extent
as if such future advances were made on the date of the exacution ofi this Mortgage, but such secured indabtedness shall not excesd
at any time the meximum principa) amount of $ N~. plus interest, and any disbursemenu made for the payment ~
of taxes, levies, or insurance, on the Martgaged Property, with interest on such disbursemenu. An;~ such future advances, whether
obligatory or to be made at tfie option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note
or any other no4es secured by this Mortgage. Ail coven~nts and agreements contained in this Mortgage shall be applicable to all further
advances made by Mortgagee to Maker under this future advance ciause.
Si~ould any of the above covenants be broken then the Not~ and all moneys secured hereby shall, without demand, if the
Mortgagee so elect, at once became due and payable and this mortgage may be foreclosed, and all cosu and expenses of collection
and rexsonabie attorneys' fees, induding costs, expenses and reasonable attorneys' fees on appeel, if collected by legal proceedings
or through an attorney at law, shall be paid by the Mak~r, and the same are hereby secured.
IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. ~
Signed, sealed and delivered
in our presence:
?
~
~ + ' (SEAL)
~
~ r- ~ (Mortgagor) Cad : W , [irown
~ ~
C U / '
O O t '
•r {n
} (SEAL)
O° z ~ (Mortgagor)
°w . Louise B. Brown
a N STAI'E OF FLORIDA )
W ~ -
U
~ COUNTY OF )
~ St. Lucie _ , `
~ ~ 1 HEREBY CERTIFY, that on this d~y, before "[~i et
Snd officer duly authorized in the State aforesaid and in
z ~ the County aforesaid to take aclcno+nrledgme ts; pe~sAnal~ a~peared ad W. Brown and
~ ~ ~ ~ tto me known to be the person des~rjbed in and who
~ executed the foregoing instrument and - pcknowledged before me that y
tt 3 ~ : : . ~ ; .
Z o ~ executed the same. ~ ~r;' .!Ks
:>N,= _ h
rts WITNESS my hand and official ses~'1?~:{h~:~ou~t7('and'3 ~ e last aforesaid this ,~._o day of
' ' ~ ~
°D ._._1),G.~LLh.2 C , A D.,.19 ~ ~
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e)?~~`~-~ {
x v~ ' f+Fotary' Pabrc ~ . . - _ ~ ~
eK4 518 PAG~O 9~ 0 My Commission Expires{ ~y.,y~ ~ ,r~~,..~
r.,y,.,~ ~r:.~ ::~r_;.-! sr,_. ,,r.'. ~
46014000-7 (Rev. 4/84) mw