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Home My WebLink About0954 . ~ /~C.c~_ `j. a-~' 7!~'f ~ ~O - G~Dd ~02 f ~ 3~ y ~s 3/, os _I ~ Oirect Property Reletad ~ ~th fiuture Advance ~ MORTGAG~ ~ ~ THIS MORTGAGE, made this ~3~1e day of Nnveq~pr_ _ , p,p„ ~g Rh , betweeri ~..a$- Walter~. R~illg~ P__ A[j11~ (Mortgago~) aixi r.~..-_...~ S 1~~f.Y~lsxiira r.,~Rr Natinna~ A,~,snrtatinne-----,,.~.,a,~.4~.. (MOrig9J88~' (Neme of 8ank) ~ WITNESSETN, that Mortgagor, for and in consideration of tha premise~ and in order to secure the payment of the principal and interest on the note (as hereinaher definedl, Mortqagor he~eby g~an~ ass~~~,iteansfers and mortqages to Mortgagee, its successors and auigns forever. the following described rQal property in County. Florida, to ~vit: Lots 8 and 9, Block 10, FORT PIERCE HEIGHTS. according to the Plat thereof, as recorded in Plat Book 1, Page 39, of the Public Records of St. Lucie County, Florida. 1.0~ 3 THIS IS A FIRST MORTGAGE. ?~~~~F~~r~ ~ (hereinafter referred to as the Mongaged Propertll); and the Mortgago~ does hereby fully warrant the titfe to the Mortgaged Property and will defend the same against the Iswful daims of al!pe rsons whomsoever. PROVIDED ALWAYS, that if G. B. WalCers , the Maker(s) (Iruert Name(s)) ~ ; of that certain promissory note dated the date hereof (the Notei, his heirs, legal repretentatives or aasigns shall pay to { Mortgagee the Principal sum of $?~tb9.Q ~ R as evidenced by tt~ Note with ~rl~eresE and upon the terms as~~ovided therein, ~ the final maturity date of the Note and of this Mortgage being ovember ~ ~ ~~i~ Note provides that all installmenu of principal and intaretc are payable at the office of Mortgages, or at such other place at the holder may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a reaaonsbie attornsy's fee, upon defautt in the payment of the Note, and that if defeult be mede in the payment of any instellment thereunder and that if wch ~ default is not made good in aocor~a~~ce witt~ ~iha tartns of ths Note, that the entire principal sum a~d axrued earned interest shall ~ become due and payable witfiout notice at the option of the holder ths~eof; and shall perform and comply wfth each and every stipu- ~ lation, agreament and covenant of the Note and of this Mortgege, then tt~i: Mor~gaye and the estats hereby created shell be ~aid, ! othervvise the same shaU remain in full force. Meker covenents to p~y the interest and principei prompdy when due. ~iNortgtyor ~ covenantx to pay 4he taxes and auetsments an said property; to keep the improvaments natv existing or her~after erected on the ~ property insured against losa by fire, hazards induded within ths term "extende+d coverage", and wch other hezard: as Morcgagee may ; requiro and in such amounts and for such periods as Mortgegae may require, with a canp~ny apptoved by the Mortgagee, with a > ~ standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee, and to kesp the building on said land in proper repair. The loan represented by this Mortage and the Note is penonal to the Mortgagor and the Mortgagee made the loan to the Mortgagor based upon the cxadit of the Mongaqor and the Mortgagee`s jud~»ent of the ability of the Mortgagdr to rep~y ail sums due under this Mortgage, and, therefore, this Mortgage may not be assumed by any subsaquent holder of an interest in the Mortgaged Property, except aa providsd herein, without the prior exprass v+ritten consent of the Mortgegee. If ali or any p~t of the Martga~d Prop~erry, or any interest therein, is sold o~ transferrcd (induding a tranafer by agreamant for deed or Ignd contract) by Mortgagor vvlthout Mortgagee's prior written cansent, excluding (a) the creation of a lien or encumbranoe aubordinate to tfiis Mortgage, (b) the creation of a purchase money security interest for household applience, ic) a transfer by devise, descent or by operation of lew upon the death of a joint tenant, or (d? the grant of any leasehold int8rest of 3 yean or less not containing an option to purchase, tJlortgagce may, o Mlortgagas's option, dQClare all sums secured by this hiortgage ta be immediately dus and payable. This Mortgage shatl ucure ~ot only existing indebtedn~ss, but also such future advences, wfiether such advances are ablig~atory or to be m~cle at the option of Mortgagee, or otherwise, as are mede within twenty (20? yean from the date hereof, to the same extent as if such future advances were made on the date of the exacution af this Mortgage, but such securetf ind~btedness shalt not exce~d E } at any tim~ the maximum principsl amount of $ n~a plus intere3t, and any disbursemanu made for the paymen2 - of taxes, leviss, or inturance, on ohe Mortgaged Property, with inter~st on such disbursements. A?ny such future advanceg, wliother obligatory or to be made ai the ~ption of tfie Mortgagee, or otherwise, may be made either prior to or after the dus date of the Note or any other notes secured by this Mortgage. All covenants and agreemenu contained in this Mortgage shalt be applicable to ati further advances made by Mortgagee to Maker under this future advance ctause. Shouid any of the above covenanu be broken then the Note and a!I rr.~^s~s secure+d hereby shall, without demand, if the Mortgag~e~ so elect, at once become due and payable and this moRgage may be foreclosed, and all costs and expenses of collection and reasonabie attornays' fees, induding costs, expenses and reasonable attorneys' feea on appe~l, if cotlected by iegal proceedings o~ through an attornay at law, shall be paid by the Maker, and tha same are hereby secured. tN WI7NESS WHEREOF, the Mortgagor has executed Nsis Mortgage as of the date first above set forth. Signed, sealed and delivered in our pr8sence: ~ (SEAL1 Mortgagor) G. B. Walters a 0 . U ,-1 ~ m ~ lsEaL) ti-+ (Mortgagorl ~.3 ~l ~~1~ ~ ~ a~"c a, r°n ~ s r TN P~~1T ~ Yl~ ~ ~ a~ o Q STATE OF FLQRlDA ) ~~~~C tMpNGIBLE PERSUNAI PROP[Rn~ w y°~ ~ COUNTY OF St. Lucie ) pU~iSUht~'I TO CHAPT~EE~7P~l Ti~`CTS O f„ l911. a c s~, iL G p t J R T Sl. WG~[ ~ ftl~ ~ I HERESY CFRTIFY, that on this day, befare me, ~nd;ot~iCer duly author~ir~~~f~ 5tate a1`oresaid and m W . ~ the County aforesaid to talce acknowled~nents, personally°~rec#~^ G. B. Walters ~~;G~~~ :~,~own, to ba the person described in and who ~ executed the foregoing instrument and ~'r~ ~~Clc~l~qiyt before me that he N e--1 '~L e_ ~ `F x• : . • executed the same. • , ~ Z :,.:~j ti . 13th ?-~i ro W!7 NESS my hand artd official sea sin%~fi'e ~y~xl.$ ~ resaid this day of H ~ November , A~ "4~19 ~ x,.: '~~f ~ N „ ~~~,y~ ' r~ - ` ~ ~ . .1~, 'l.; :r i . Y! c, ; ,~j ~ :l j:• J My ~friri?r~~iojr~ p res: u ; i ~ ~r.. ~ ~ . • . : : ~ L.~~ ~ J. ` ' :~~y,•;~ .:it~. of'i:k;i ! .•r. ~ A_[:l11A_MA_7 IRav a/RQ1 mw