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SUNLINE EQUITY MUN I-ui~ut _
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THIS MORTGAGE, made this 10th ~ay of November ~ Q,p,~ ~g 86 ~
between Billie Sue Abrahamson, A Single Adult (Mortyagor) and
Sun Bank/Treasure Coast, National Association (Mortgagee?.
IName of Sun Bank)
WITNESSETN, that Mortgagor, far and in consideration of it~e premises and in order to secure the payment '
of the principal and interest on th~ agreement (as liereinafter defined), Mortgagor f~ereby grants, assigns, transfers ~
11A.,..a ~ ~ Q~~,.r ace~nnc fnrever; the followin_ described rea! ro ert in
find moriyaye5 iu w~v~ ~goc~c, ii~ ~ucc.....,.,. s and q p p Y -
St.Lucie ~
_ County, Florida, to wit: ~7 ,S~ ;
~
Lots l, 2, and 3, Block B, HUNT SUBDIVISION, as per plat thereof on file in
Plat $ook 5, page 47, of the Public Records of St.Lucie County, Flori~a. C~~~ ;
: . ~-'^1-~~~~-- ~n ~ i'}'(~)t'ni ~~i . ~
THIS IS A SECOND MORTGAGE ~~n ri,.~_ br:~:fg;~:(,~ ~
;
':e ChaJ~t::r 71, 1~ 4, Ac?s ~f ?i.
}t~:t;~f! PC~lTt;PtiS ~LO
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(hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does her`eb~"ful7y'warrant tl~e title to Mort- ~
gaged Property and will defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, that if Billie Sue Abrahamson ~
(Insert Name(s))
tii~ ~~9akcr(s) ot that c~rtain SunLine Equity Account Agreement dated the date hereof (the Agreementl,
she heirs, legal representatives or assigns shall pay to Morigagee the principal sum of ~ 15,000.00
as evidenced by the Agreement, with interest and upon the terms as provicied therein, which Agreement provides
that a!! installments of principal and interest are payable at the ofifice of Mortgagee, or at such other place as the
holder may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a
reasonable attorney's fee, upon default in payment of the Agreement, and that if default be made in the payment
of any installment thereunder and that if such default is not made good in accordance with the terms of the Agree-
ment, that the entire principal sum and accrued, earned interest shall become due and payable without notice at ;
the option of ~he holder thereof; and shall perform and comply with each and every stipulation, agreement and
covenant of the Agreement and of this Mortgage, then this Mortgage and the estate hereby creaied si~aii i~z vu~~, ~
otherwise the same shall remain in full force. Maker covenants to pay the interest and principal promptly when -
due. Mortgagor covenants to pay the taxes and assessments on said property; to keep the improvements now exist-
iny or hereafter erected vn the property insured against lass by fire, hazards included within the term "extended
coverage", and such other hazards as Mortgagee may require 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 shafl secure not only existing 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 hereof, 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
+
~ 30,000.00 plus interest, and disbursements rnade for the payment of taxes, levies, or in-
= surance, on the Mortgaged P~operty, with inte~est on such disbursements. Any such future advances, whether
" obligatory or to be ~rnade at the option of the Mortgagee, or otherwise, may be made either prior to or after the
date of ti~e Agreement, or any other Agreements secured by this Mortgage. All covenants and agreements contained
in this Mortgage shall be applicable to ali further advances made by Mortgagee to Maker under this future advance
clause.
Should any of the above covenants be broken then the Agreement and all moneys secured hereby shall, with-
out demand, if the Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and
~ all costs and expenses of collection and reasonabte attorney's fees, including costs, expenses and reasonable attor-
ney's fees on appeal, if coltected by legal proceedings or through an attorney at law, shall be paid by the Maker,
' and the same are hereby secured.
~ ~N ViIITNESS WHEREOF, the Mortgagor has executed this Mortg~ge as of the date first above set forth.
Signed, seal and delivered in our presence: -
- _ ~e~.t.~ -
} Bi ie Sue A ra amson ~SEAL)
m (Mortgagor)
°
~ i „ ISEAL)
~t a u (MOftgagOr)
` W STATE OF Florida )
! ~ o ~ -
~ ~ ~ COUNTY OF St.Lucie j
W~ N I HEREBY CERTIFY, that on this day, before me, an officer duly authorized in tf~e State aforesaid
~ ~ and in the County aforesaid ~o take acknowledgeirtents, personally appeared Billie Sue Abrahmson -
~ Z~ ~ to me known to be ti~e person describe~l in arjd who exe~uted the foregoing instrument and
~ yd C`+ '
f :
I ~ she acknowledged before me ~th~t_- s~e executed the same.
= WITNESS rny hand and official seal in=the Gounty ar~d:State last aforesaid this
s, ~ ~ day of _ , i4:U:'7 ~:~~_,'a• ' -
< / .
~ 9.7 6 ~ ' .
4-6033~000 4(Rsv. 2/83) dIc ~.t~o O F~?~~~~ I~otary U~ IC "
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iV1v Commission Exoires: ~ ~