HomeMy WebLinkAbout0979 , . I.~. v - ~
` ~ £~36832 ~f ~ J -S .
' o? d'~'~ T
X Oirect Propeny Related
' Wtth Futuro Adwnoe
MORTGAGE
16th July 8~
. /~D.,1~ .
TH~
It~MORTC~~jn~N ~mi r. an unmarr'~'~c1"'a u (i~~t~'1 an~
Sun Ban rea , Assoc at on (IMptt~pe);
(Nxr?a of B~nk)
WiTNESSETH, that Mortq~por, for and in oort;idoration of tfie premises and in order to securo ths pal~ment of tfia prlncip~i
snd interort on the note las heroinafter definedl, MortsNqor her~q~y 9?~ucie =ipns, trs~sfen snd mort~ to Mongpse. ib iuxesson ;
and ani~ns iorsver, the followin9 desc~ibed real propsrtY in ~ ~
County, Florid~, to wit: /
, „r« ,ti io.~~ra.a~ ~
See Attaci~cu ~,ct~.~~.. , y - , : _
~v ~ „ . . ';ctty, ' r( 1 '
, _ ; , i.:-+, j\_ts Ui11)i~. ~~i
.1~~
. . , ~ ~~v. -
~ C. Ccuri, St. Lutie, CO., F~ai
4
(hareinafter roferred to as ths Mortg~ged Property): and tha AAort~apor does hereby fully warrant the tide to the Mort~ged Propertv
and wilt defand the same sgiinst the Iswful daims of alt persons whcrosoe~rsr.
PROVIDED ALWAYS, thet if •_~~r td Smith; Tir,!_~, , the Maker(s)
h~is~ Name(s))
of that ceKain promtssary note d~ted the data hareof (the Note), heirs, legal reprosentatives or suigns shall psy to
Mortg~yee the prindp~l wm of S~ a evidenoed by~i~o~ with interest and upon the terms ss provided therein.
ths finsl matu~ity dste of the Note and of thi: Nbngsge being _ ' . 1992--~-. wh~ch
Note p~ovides that dl instalimerns of principsl and inte~eat aro payeWe at the office of Mortgepee, o~ at such other plaoe as the holder
may desigr?~ts in writin~, and that esch msker arid endorser agree to piy all cats of collection, induding a ressonable attomey's fee, ~
upon defauit in the psyment of tha Note. and that if cbfiult be m~ds in the payment of sny installment thereunder and that if such ;
dsfault is not made good in aocordance with the temns of the Nota, that the entiro principal wm and attx:rruusd earned i~terest shall
bscome due and payable without ~otice at the option of tha holder thereof; and shsll perform and comply with esch and every stipu-
latio~, a~r~eement and covanant of the Note and of this Mortg~ge, then this Mortyaye and tfie estate hereby ~x~ted shali be voi~,
othsrwise the same shall remain in fuil force. Maker covensMt W pay the interest snd principal promptiy when due. Mortgagor
covenant= to psy the taxes snd assessments on said property; to iceep the improvarr~nts now existing o~ heresfter erocted on the ~
property insurod agsinst (oas by ftre, hazards~induded within ths term "extended coverags", and such other hazarris ~ Mo~agee may
requiro ertd in such amounts and for such periods as Mortgagae may require, with a company approved by the Mortssgee, with a
stendud mortgwe lou clauss payaWe to Mortgagee, the policy to be held by the Mortgagee, and to keep the building or~ said land in
propsr mp~ir.
'The loan represented by this Morta~e and the Note i: penonal to the Mortgagoe and the Mortgegee made tfie loan to the
Mort~gur bssed upon the credit of the Mortgagor and the Mc~rt~egee's judginent of the ability of the Mottgegor to repay att sums
due u~der this Mortgage, and, therefors, this Mongage may not be sswmed by any wbsequent hdder of an intemst tn the Mortgaged
~ Property. exoept as provided herein, without the prior expross written consent of rize Mortgegee. if all w any part of the Mortgmged
F Property. or sny interost themin, is ~ld or trar~sfarred (indudin~ a tnnsfer by agresmsnt for deed o~ larxi contnctl by Mortqsgo~
wltt~oui Mortgegee's prior written consent. excluding (a1 tha cxeation of a lien o~ encumbrance wbordinate to this Mortgage, {b)
~ the creatio~ of a purchase money security interest for household appliance, (c) a tronsfer by devise, descent or by operaYion of law
~ upon tfie desth of a joint tenant, or (d) the grant of any leasshdd interest of 3 yesn or less not containing an option ta purchase,
Mortga~ee may, at Mortgagee's option, dedaro sli sums secureci by this Mortgege to be immediatelV due and payable.
This Mortgeqe shsll secure not only existing indebtedneu, but aiso wch future adva~ces. whether such advances are oWigatory
or to be msde st the option of Mortgagee, or othenivise, as are made v~ritfiin twe~ty (2Q1 years from the date hereof, to the ssme extent ;
ss if suc.h future advsncxs were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed ~
at any time the maximum prindpal amount of S n~a pius interest, and any disbursements made for the payment ~
of tsxes, lavies, o~ inw~ance, on, the Mortgaged Property, witfi interest on such disbursements. Any wch future advanoes, whethar
oblig~tory or to bs msde at the option of the Mortgegee, or otherwisa, may be made either prior to or after the due date of the Note ~
or any othe~ notes secured by this iNortgage. Ali covenants and ayreements contained in this Mortgage shsli be applicable to ali further
sdvancas made by Mortgagee to Maker under thi: future sdvsnce clause.
Should any of the above covenaMS bs broken then the Note snd alt monsys serured fier~by shati, without demsnd, if the
Mort9egee w Nect, at oncs b~come dua ~nd paysble snd this mortgege may bs fcredosed, and all corn and expens~ of collection
, and ressonable attomeys' fees, induding costs, expenses and reasonable sttorneys' fees on appeai, if oollected by lege{ p~oceedings
; or ihrough an attaney at Isw, shsll be paid by tfie Maker, and the same are hereby secured.
IN WITNESS WHEREOF, tha Mo?tgegcr h~s executed this Mongage as of tfie date first above sat forth.
,
Signed, sealed snd deliMered ~
E~ in our presence:
~
~ ~ (SEAL)
~ ~ Elmer W. Smi~h~;~:~
z
~ • dZ~~' .
~ } . (SEAL}
~ ~ ~ (Martgagor)
~ ~ o
< v Sl'ATE OF FLORIDA )
~ ~ ~ COUNTY OF St. Lucie )
~ ~ N ,
~ ~ ~ 1 HEREBY CERTIFY, that on thi: day, bsforo me, and officer duly autt~orized in the Stsu sfaressid and in
~ k Elmer ~t. th. Jr.
~ ~ H the County aforesaid to tak~ scknowladQnents, personaliY appsared _
~ W ~ t- ~to n?s knawn. to be the person describsd in and who
~ ~ ~ executed the forspoing instrume~t and he - ~ acknowiedged before me that
u~ sxecuted ths ssme. ~ s'
~ WIT E my hsnd and official sssi in tt?~ C nty and Sta~e t afareseld thi: _ l~ dsy of
~ _ ~ , A.D., 1B
~ - Not~ry PuWic ' .
~Ay ~Amm~ft~ti ~!(~fAf' IIQTARf PUBIIC ST~iE rr tlQRIOA
~ ~ P4~6014-000-7 Rev.4/84mw g00K V~O ~~uE v~~ . Kr co~~t~s~cy c«~ ~:rr ;s,isaa
~ 80k0:D iriRtl 4ENERAI 1kS. UW
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