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Home My WebLink About0952 ~to y~y yr ~ ~~d ~ ~ 7X g.~ ~ 1~5 ~ y 5 C~ ~ 1 ' Uirect Property Related ~ ?~I~~e`~~ With Future Acivanc~ MOF~TGp,G~ 7HIS MORTGAG~ rnade thi ~ 2th da of A.D., 19 ~6 , becwaen rence onroe o~hson (Mortga~or) and (MOrtgBgee); (Name of Bank) WITNESS~TN, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and interest on the note (as hereinaher definecii, Monqagor he~eby grants, assigns, transfers and mortqages to Mortgagee, its successors and auigns forever, the following described real property in St «rjp County, Florida, to wit: Lot 10, 61ock 2, revised Subdivision of LINCOLN PARK No. 2, according to the Piat thereof as recorded in Plat Book 4, Page 77, of the Public Records of ~t~ ; 5t. Lucie County, Florida. t'~~ THIS IS A FIRST MORTGAGE This is not homestead property. The Mortgagor herein resodes at 1405 Avenue "F" Ft. Pierce, F1 33450. (hereinafter referred to as the Mortgaged PropertY): and the Mortgago~ does hereby fully warrant the title to the Mortgagad PropertY and will defond the same ag~inst the Isarfu! claims of all persons whomsoevar. ~ PROVlDED ALWAYS, thac if ^r~o~l~onras~:ause~ , che Maker(si herNamets)) of that certain promissory note dated the date he~eof (the IVote), heirs, legal representatives or assigns shall pay to Mortgagee the nrincipai sum af $~,d~'~ 1 ~ as evidencad by t Note with ' ter t, upon the terms as provided therein, the final maturity date of the fVote and of thia Mortgage b+eing ~ovem6er ~y~ , 19 , whici~ Note provides that all installments of principal and interest are payable at the offioe of Mortgagee, or at such other place as the holder may designate in writing, and that each maker and endorser agree to pay all casts of collsction, including a reasonsble attorney's fee, upon default in the payment of tha Note, and that if c~efault be mede in the payment of any installment thereunder and that if such default is not made gooci in aocordan~e with-the terms of the Note, that the entire p~incipal sum and acc:rued oarnec! interest shalt become due and payable without notice at tfie option of the holder thereof; and shalf porform and comply with each and every stipu- ~ lation, agreement and covenant of tfie (dote and of this Mortgage, then tttis Mortgage and tha esiate hereby created shall be void, otharwise the same shall remain in full force. Maker covenants to pay the interest and principal promptty when due. MortgaQor covenants to pay ths tsxes and assessments on said property; to keep the improvements now existing or hereafter eracted on the property inaured sgainst loss by fire, hazards included within the term "extended coverage", and such other hazards as Mortgagee may require and i~ such amounts and for such periods as Mortgagee may require, with a company approved by the Mortgagte, 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. 4 The loan represented by this Mortage and the, Note is personai to the Mortgagor and the Mortgag~e made the ~oan to the ~ Mortgegor based upon the credit of the Mortgagor and the Mortgagee's jud~nent of the ability of the Mortgagor to repay all sums due under this Mortgsge, and, tfierefo?e, ihis Mortgage may not be auumed by any subsequent holder of an interest in the Mortgaged ~ Property, except as provided herein, without the prior express written consent of the Mortgagee. (f all or any part of ihe raortgag~d Property. or any interest therein. is sold or transferred (including a transfer by agreement for desd or IaRd contract) by Mortgagor ~ witf~out Mortgagee's prior written consent, excluding (a? the creation of a lien or encumbrance subordinete to this Mnr-tgage, (b) F: the creation of a pe~rchase monsy security interest for household applisnce, (c) a trensfe~ by devise, deacent or by operation of•law upon the death of a joint tenant, or (d) the gran4 of an~ teas~hold interest of 3 years or les~ not contsining an option to purct~ese, ~ Mortgagee may, at Mortgsgee's aRtion, declare a!I sums 3ecurcd by tfiis Martgage to be immediately due and payable. This Mortqage shail secure noY only existing indebtedness, but alao such future advances, whether such advances are obligatory ~ or to be made at the option of Morcgagee, 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 suc~ secured indebtedness shall not exceed ~ at any time the maximum principal amount of $ Il~~ plus interest, and any disbursemanu mada for the payment ~ of taxea, ievies, or insurance, on the Mortgaged Property, with interest on such disbursements. Any such future advances, whether ~ obligatory or to be made at the option of the Mortgagee, or otherwise, may be made eitfier prior to ur after the due date of the Note ~ or any other notes secured by this Mortgage. All covenants and agreements contained in this Mortgage shall be appticabte to al) further ~ advances made by Mortgagee to Makar under this future advance ciauss. ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the ~ Morigagee so elect, at once become due and payable and this mortgage may be foreclosed, and all cosu arsd expenses of collection ~ and reasonable attorneys' fees, induding costs, expenses and reasonable attorneys' fees on appeai, if coltected by legal proceedings ~ or throu~ an attorn~y at law, shall he paid by the Maker, and the same are hereby secured. ~ tN WITNESS WFiEREOF, the Mortgagor has executed tt?is Mortgage as of the date first above set forth. ~ Signed, sealed and delivered in our presen . 7 ~ _ / v EAL? - cMortgagor) 3 ~O . y~, - Q )/,L ( ~ y Z - I l~fl~ V)C%~~" ~(SEAL) 0° + (Morigagor) - ~ ~ REUEtYBO ' - ~ ~ D~ pH CU4SS 'C INiA;1GtBLE PE2SOt1Ad PAUP~~~' w o STA7E OF F~ORlDA ) ~~t Yp ~pptt3 71-134. ACTS n' ~ ~ ROGER PO(TftRS N P CoutvN O~ Florida ) ~j c~et~ r_.-%„ 3 N v~i I H~H~BY CER7IFY, that on this d~~Y~ ~fc~~e rne,~and officer duly authorized in t~ie State aforesaid and in _ z m a the County aforesaid to take acknowlg~d~fi~.s;'pefsonatlY appeared F1Qrene ~Sonroe GdU52y ~ ' ~ ~~to me knpwn to be the person descrit~d in and who ~ ~ , ~ executed the foregoing instrument and ' ~ ~ ~ ~knowiedged before me that Sh2 - .n c executed the samu. . ~n~: - 2 i. R} y," r'.- ti W~TNOVemDerand and o~iciaF~leal in ~t~ ~jt~ijr end~S~tate last aforesaid this 1~th day of ~ m p ~P- , , _ ~ ' " . . ~ N ~ C1 ) f ~t ` , r ? x : S'~TF i: F' ~~':i:d - i ;^;U t~~t,rL~ ~7': l ~=:;~e~ Sion Expires: ~~'~,;?~~ii;i^~ Ea~. K:, t, a~ , Nr t. O 6)~:;~ 11s~t; 6EktP,4? )k=. c: e cn~~_nnn_7 (Ra., d/f~tl1 mw