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Home My WebLink About0980 819630 ~ I Fixed Aete MORTGAGE With Fuiupe Adva~~ce~ THIS IS A BALLOON MOR7OAGE AND THE FINAI PRINCIPAI PAYMENT OR THE PRINCIPAL BALANCE DUE UPON , MATURlTY IS 52,475.64 , T03BTHER WITH ACCRUED INTEREST, IF ANY~ AND ALL ADVANCEMENTS MADE BY TH~ MORTOAGEE UNDER THE TERMS ~F THIS MORTOAOE. ` ~iun i v'i.wc • ~ ~ THIS MOF~7GAGE made this 1~_.day of ~April . A.D., 19 87 ~ betwean ~rRaret J. Marks, A Single Adult (Mortqagor) and Sun Bank Treasure Coast, National Association~Mortgagee); (NAME OF LENOER) WITNESSETH, that Mortgagor, for and in consideration of the premises snd in orde~ to securo the payment of the p~incipal and interest on the rate (as hereinafte~ dafined). Mortgegor hereby grants, auignt, transfers snd mortgages to Mortgagee, iu wxessors and auigns forover~ the foifowing described real prapeny in St . Lucie County County, Fiorida~ wit: ~3,G~~~ As per attached Exhibit "A" ~ v F,y'"~~~ Y•~^s ~ F.ecnri•:~~ a - ~ :e. i i: tr y, i l~ t.,, : , _ _ . . . . i _ ! r~,: c ~ ~a = c:,~s._,,;~ _ ' ~J ° ~ UC':~:i. ~ ~~f~~'"~ ila. ; THIS IS NOT THE HOMESTEAD OF THE MORTGAGOR ClerK Ci~cu~l Co-~~~ S~• Lucie, Co~. - (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully werrant the title to the Mortgaged Property and will defend the same against the lawfui ctaims of all penons whomsoever. PRQylp~Q A~WAYS, that if ar~a t.l._ Mar G , the Maker(s) of that certain itNSERT t~IAii~EtS)) promissory note dated the date hereof (the Note), h~r heirs, legal rep~esentatives or assigns shsll pay to Mortgagee the principal wm of ~ 73 , 600 . 00 ~ evide~ced by the Note, with inte~est and upon the terms ss provided therein, the final matu- ~ rity date of the Note arxi of this Mortgage being April 10 ~ ~g 94 Nots provides that all installments ` of principal and interost are payable at the office of Mortgagee, or at wch other piace as the holder may dasignata in writing, and that ~ e~ch maker and endorser agrea to pay ail casts of collection. including a reasonable attornay's fee, upon default in the payment of the ~ f'iote, and that if default be made in the AaYment of any instaliment thereunder and that if wch default is not made good in axord- dance with the terms of the Note, that the entire principai wm and accrued, eamed interest shall beoome due and payable without ~ notice at the option of the hotder thereof; and shsll perform and oomply with each snd every stiputation, agreement and cove~ant of t!ie Note and of this Mortpage, then this Mortgsge and the estate hereby creatad shall be void, othervvise the same shall rem~in in futl forai. Mtker covenants to pay the interett s~d principal promptly whe~ due. Mortgayor oovenants to pay the taxes and assessments on , said property: to keep the improvements now existing or heresfter erected on the propertY inwred apainst !ou by fire, hazards in• ctuded within Lha ierm "extended coverage", and wch other hazards as Mortgages may require ared in wch amount and for such periods as Mortqagee maY re4uire, with a compsny approved by tfie Mortgagee, with a standard mortgage loss clsuse payable to Mortgagee, the policy to be held by the 144ortgagee: and to keep U?e building on said land in proper repair. The loan represented by this Mortga~e and the Note is personal to the Mortgagor a~c! the Mortgagee made the loan to the ~ Mo r t g a gor based upon the credit of the Mortgagor and the Mortgagee's judgment of the abiliiy af ihe Mortgagor to repay all sums ~ due under ihi: Mortgage, ar?d, therefore, this Morigage rr~ay not be sssumed by any wbsequent holder of an interest in the Mortgaged Properiy, excspt as provided herein, without the prior express written consent of the Mortgagee. If all or any part of the Mortgaged } Proparty, or any interest therein, is sold or uanaferred (including a trensfer by sgreement for deed or land contract) by Mortgagor z without Mortgagee's prior writte~ consent, excluding (a) ihe creation of a lien or encumbranoe wbordinate to this Mortgage, (b) the creation of a purchase money security interest for househoid appliance. (c) a transfer by davise, desvent or by operation of lew upon the death of a joint tenant, or (d) the grant of any les~haid interest of 3 Ye~s or lau not oontaining sn optwn to purchase. . Mortgagee may, at Mor~agee's option, declare all wms secured by this Mortgags to be immsdistely due and payable. This Mortgage shall secure not only existing indebtedness, but also such future adva~ces, whether wch advances are obligatory or to be made at the option of Mortgagee, or othervwse, as are made within twenty (20) yaars from the date hereof, to the same extent as if wch future advances were made on the date ot the xecution of this Mortgaga, but wch secured indebtedneu shall not exceed at any time the maximum principal amount of S n a plus interest, and any disbursemenu made for the payment of taxes, levies, or inwranoe, on the Mortgaged Property, with interest on wch distwrsements. Any such future advances, whether obiigatory ar to be made at the option of the Niortgagee, or otherwise, maY be made either prior to or after the due date of the Note or any other notes secured by this Mortgage. All oovenants and agreemenu oontained in this Mortgage shall be applicable to all further advances ~ made by Mortgagee to Maker under this future advar?ce ciause. ~ Should any of the above covenants be broken then the Note and all moneys sECUred hereby shall, without demand, if the ; Mortgagee so elect. at onoe bnaome due srxi payable and this mortgage may be foreclosed, and ali costs anci expenses of collection and ~ re~onable attorneys' fees, including costs. expenses and reasonaWe attorneys' fees on appeal, if collected by legal proceedings or through an attorney at iaw, shsll be paid by the Maker, and the same a~e hereby secured. IN WITNESS WHEREOF, the Mortgsgor has executed this Nb~rtgage as of the date first above set forth. F THIS IS A BALLOON MORTGAGE AND THE FINf?L PRINCIPAI PAYMENT OR THE PRtNCIPAt SALANCE DUE ` UPON MATURITY IS 52,475.64 ~ TOGETHER Wt'fH ACCRUED INTEREST, tF ANY, ~ AND ALt ADVANCEMENTS MADE BY THE MORTGAGEE UND~R THE TERMS OF THIS MORTGAGE. ~ Signed, sealed a delivered Margaret J. Marks c in our presen ~ - i ~Y"' - t?' ~ i ~ < - 2a. \ , r ~ ~ ~S~A~~ ~ ~ (MORTGA R) r. ~ ' ~S~ML/ ~ (MORTGAGOR) STATE OF ~ Nf~ ~ = o Q d COUNTY OF ~FFoL ) w z I HEREBY CER7IFY, that on this day, before me, and officer duly authorized in the State aforesaid and in s N~ N :~o rsur.ty :to:es-i~+ i:.ke a~kn: •~!~gments, FersQn»Ily appeared _,rsa~aret J. Marks a:o co to me known to be the pe~son described in and who ~ ~ executed the foregoing instrument and she acknowledged before me that she W " °1 axecuted the e. ~3r~ a ESS my hand and official seal in the Cou ty and State tast aforesaid this day of ~ a c~o , A.O., 19 . ~ Z 01 y A H ' ~ Nota Pubtic ' ~G ry NOTARY PUBUC, SWte ot New rork ~ ~ - My Commission Expi s: ~y _ M0. 52-(H~U3630. Sutf~lk po , ilrm ExWres~ 30. 1 , ia P46015-000•6 (Rev. 6/861 mw : gooK 539 976 ~ - - - - _ -