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FOR HOME EOUITY CREDITLINES ~O 4'ON
R~iv~d = In Pay~enl Of Taxsf •
Dw On Class "C' Inla~gible Personal Property,
Punwni To Chaptar ~1, 134, Acts Of 1971.
DouGUs?s ~ixoN, Mort~a9e and Secu~ity Aproement
tlwlc Circuit CouN, Si. Lud.. Cw Fla. ~
This Mortgage is made this 15th ~ a Mey, ~987 ~~~~n
ALAN S. RRIMSLEY AND VALERIS A. KRIMSLEY, HIS WIFE
("Mortgago~"), and 8atn~ri 8ank of ST. LUCIE COUNTY ~ (~~Mortgagee").
the address d which is 9Qfl prima Vista Boulevard, Port St.. LUcie, Fl. 33452
Witness~th:
WHEREAS, Mrxtgagor and Mortgagee have entered into an agreement whereby Mortgagor may borro~w from Mortgagee
~ an undetermined sum not to exceed the ma~dmum prinapal sum d**Ten Thousand and no/ 100**
together with interest thereon, all as evidenced by ihe CredRline Agreement
(the ' Agreement") d even date herewith. executed by Mortgagor and deliv8red to Mortgagee; whereunder the outstanding
advarxed princip~ may fluctuate up and cia++m from time to tim~ and aA sums advanced under the Agreement or otherwise
o~w~d under tlie Agreemer?t pertaining thereto shall bs sectared herehy, and no notioe d ary advance need be recorded to
_ evidence such advance. The Agreement by refere~ce is made a part hered to the same extent as though set out in full herein;
N01N, THEREFORE to sectare the performance by MoRgagor d alt cov~enanis and condiUons in the AAre~nent artd in this
Mortgage and in aU dher ir~struments securing the ABreement, and in order to c~targe the properties, interests and rights
hereina~ter described with such payment and per(otmarxe and to secure adtnUonal advances. renewals and exte~sions thereo(
and ta and in ~deration d the sum d Ten and noI100 Ddlars (St0.00). Mortgagor does hereby mortgage, sell. pledge
and ~sign to MoRgagee:
. Ths MortQ~~d ProPsrtY
~ (A) A!I d the land in the county d SC. Lucie County , described belaw:
Lot 8, Block 137, SOUTH PORT ST. LUCIE UNIT EIGHT, according to the Plat thereof
as recorded in Plat Book 14, Pages 26, 26A through 26D of the Publi~ Records of
St. Lucie County, Florida.
to hav~e and to hdd the saR~ together with all the improvements now or hereafter erected on such property and ap fixtures
now or nere~ attached ti,ereta togett,er wid, eac~, and eu~ery tenements, nereclitame~, easerr?er?ts. rights, powers, priviseges.
immunities and appurtenances thereunto belonging or in anywise appertaining and the re~rersion and reversions, remainder
and remainders, and also aN the estat~ right, title, irtterest, homestead, right d dowrer, separate estate, property, possession
and daim whatsoe+~er in law as wetl as in equ~ty d Mortgagor d, in and to the same in ev~ery part artd parcel thereof unto
Mortgagee in fee simple
i (B) Tog~ther with a security irnerest in all fixtures affixed to and personal property, ezdud~ng household goods which are •
; not purChased with the ptoceeds d the Agreerr~ent. loc2ited on the property desc~bed in paragraph (A).
~ ~ (C) To9ether with ap ~ents. ~ssues. Profits. revenu~ incorr?e snd other benefits from the property described in paragraph
(A) hereof to be applied to the indebtedness secured hereby, prarided hvw~ever, that permission is hereby given to Mortgagor
so long as no delautt has ocxurred hereundet, to cdlect. receive, arxi use such benefits irom the property as they become
due and payable~ but not in advance thereof.
(D) Everytning referred to in paragraphs (A), (B) and (C) hereoi and any additional property here~ter aoquired by
Mortgagor and subjec~ to the ~ oQ this Mortgage or any part o~ these properties is her~in referred to as the "Mor~ged Property.~. .
PRONIDED ALWAYS. tliat ff Matgegor shall pay to Mortgagee tl~e Agteement at the times and in the mannet ~tipulated
the~ein, and in a~ other ir~uments securing the Agre~ment~ inGuding renew+als, e~ctension or modifica6on thered, and in
tlus Mortgage and in aM ~her instrumerris sec~ring the Agreement, to be kept, performed a observ~ed by Mortgagor, then
this Mortgage~ shad cease and be void. twt shall othervvise remein in fuN force and effect.
Mortgagor couenar~s and agrees with Mortgagee as fdlows:
1. CompHanw wid~ A~sn~ent snd Mo~a~e: WarraMY of Tttis. Mortgagor shaJl comply with all provisions d the
Ag~ee~'neM. this Mortgage and d e~u+ery other instrument securing the Agreement. and witl prompdY pay W Mortgagee the
prinapal with interest thereon and aN other sums required to be paid by Mottgagor under the Agreement and pursuant to
• the provi~ d this Mortgage and of every dhet in~rument securir~g the Agreernent. Mortgagor covenants that Mortgago` -
o~wr~s and is indefeasibiy seized d the Mortgaged Prope?ty in tee simpte~ thai the Mortgaged Property is free (rom all
encumbrances eoacept as noted in the tegal description aboue, that Mortgagor has lawfui authority to cornrey, mottgage and
encu~riber the sarne as provided by the Mortgag~ that Mort9~ ~Y Pe~~~Y ~ quieUy enjoy the Mottgaged Property,
and that Mortgagor will detend the Matgaged Property against the claims d all persons wFwmsoever, and that Mort9agor
so v~arrants.
NO DOCUMENTARY 8TAMP TAX IS DUE AWD PAYABLE HERE4N SlNCE THE AZiREEMENT SECURED
HEREBY 18 NO? A PROMI8E TO PAY A 8UM CERTAIN. RULE 128-4.52(8), F.A.C.
N pevian ed6a~s ars obdNa ti0221 Rsv NOV 98 (09~~
~oax 5~3 P~E 96~
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