HomeMy WebLinkAbout0985 . ~o.~' L93f
836 0~ - - `
doc stamps 34.05 ~
Int tax 45.22
Direct Property Releted
~ ' ~ With Future Advanoe / ;
MORTGAGE aS ,
3`~
THIS MORTGAGE, made this 3 0 t h d~y of J un e , q,D.,19 $ 7 ,
betwee~ (Mortg~Qor1 and '
u Bank Treas~jrP (:nA~,~ uAr{.,,,~t A~~nn3~t~~,,~ (Mortgegeei; '
IName of Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises and in o~der to secure tha payment oi the p~incip~t
a~d interest on the nots (as hereinafter definedi, Mort~agor hereby grants, assigns, tran:fen and mortQSge: to Mort4agee, iu sucaeuora
and assigns forever, the following desc~ibed real property in r.t~~ { P ~
Cour~ty~ Florids, to wit: s
The South 1/2-of the East 1/2 of the Northeast 2/4 of the Southwest 1/4 ~
LESS EasC 30 feet and LESS the South 238.71 feet of Section 9,
Township 35 South, Range 39 East, St I.ucie County, Florida, containing ~
6.48 acres, ~
~
THIS IS A SECONb MORTGAGE ~
~
_ ~
(herein~her refaned to as the MoRgaged Propertll): and tfie Mortg,gor does hereby fully warrant the titta to the Mortgaged Property s
md will defend the same ag~inst ths laarful daims of all psnons whomsoevsr.
PROVIDED ALWAYS, tttst if Ravmond G RQberts and .ioAnn RobPrr~ hi Q r.,~~ Maker(s)
~nu~t Name(sl)
of that certain promissory note dated the date hereaf (ihe Note?, t~ r heirs, legal representatives or suign: shall pay to
Mortgagee the principai sum of 3 2 2.~~? as evidsncxd by the Note, with interest and upan the term: ss provided thetein,
the finat metu~ity daie of iha Nots ar~d of this Mottgege being - 1 u n e 3 0 ~ ~ 9„~
Note provides thet aii installmentt of principsl and interest aro payabte at ihe offioe af Mortgesee, or at such othsr piace is the holder
may dss+gnaie in writing, and that each maker and ensforser agree to pay all caats of collection, induding a ~easonable aKornay's fee,
upon dafault in the payment of the Note. and thsi if defauit bs mads in ths payment of any insiallment thereunder and that if such
dsfault is not made good in aocoed~nce with the Lertn: of tha Note, that the entiro princip~i sum and saxued e~rned interest ~,11 '
bacome due snd payade wtthotrt notics at the option of the hoider thereof; ~nd shal! perfornt and canply with each and every stipu- .
t~non. a~reemant and covan~nt of the Note and af thi: MortQspe, then tt~is Mort~tye and tfie e:tata hereby cxeatecf shall be votd,
otherwise the same sh~li remsin in fu!! force. Maksr caven~nts to p~y the intsrest and principal promptly when dua. Mortgpor
OOVQMrit= ta pay tha uxas and assessments on ssid propeety: to keep th! improvements now existi~?g or hsfeefoer arectad an tfis
property insurod ag~inst loss by fire, hszards induded within the tenn "exCended covers~e", a~d wch ott?er hezuds as Mortg~gee may
req~+ire and in sush amounts and for such periods ss Mong~gee may rsquire, with a company approved by the Mortg~gee, witfi a
standard mortgage toss clause payaWe io Mortg~gee, the policy to be held by the Morigagee. and io keep the building an s~id I~nd in
proper repai~.
The loan representad by this Mortage and the Note is persanal to the Mortgaycr and tfie Mortg~gee made the loan to the
Mortgegor based upon tfie credit of tha Mortsagor and the Mortg~gee's je~dgment of the ability of tha Mortg~~or to repey all sums
due under this Mongage, and, therefore, this MoKgage may not be oswmed by any subsequsnt hdder of an intersst in the Mortpaged
Property, exaept ss prrntidad heroin. without the prior express written consant of the Mort~qee. tf sll or any p~rt of tha Mortpe~sd
Property. or any interest iheroin, is wld or transferred (induding s transfer by agraement for dsed or i~nd contract) by Mortgsqo~
witfiout Mortgegee's prior writtan consent, excluding (a) the rxeation of a lien or encumbranca wbordi~ata to this Mortgage, (b)
the creation of a purchase monay security interest for househdd applianoe, (c) a transfer by devise, descent or by operation of law ~
upor~ the death of a jant tenant, ar (d1 the gra~t of any Isssehdd in~erest of 3 y~n or lest not containing an option to purchase, ;
Mortgaqee may, at Mortgagee's option, dedue sll wms secured by th~s Mortgsge to be immediately due and payaWe. ;
This Mortg~ge shatt secure not only existing indebtedness, but slso wch futura sdv~nces, whether such sdvar~ces are oblig~tory ~
or to be made at the option of Mortgagee, w otherwise, as are made within twenty (20) years from tt~e date hereof, to tha same exte~t
as if such future advences were made on tt~e date of the e~ecution of this Mortgage, but such secured indebtadness shall not exc~ed ~
at any time tha msximum principa) amount of S n a plus inierest, and any disbursements made for the payment
of taxes, levies, or inwrance, on the iVSortgsged Property, with interest on ssich disburuments. Any such future advsnces, whether
obtigetary or to be mada at the option of the Mortgagee. or othervvise, may be made eittter prior to or after the due dats of the Note
or any other notes secured by this Martgege. AI! covenants snd agreemenu contained in this Morcgage shal! be applicable to all furthe~
advances made by Mortgagea to Maker under this future advance clsuse.
Should any of the above covenants be broken tfien the Note and ali moneys sacured hereby shall. without demand, it the
- Mortgagee so elect, at once become due and payable a~d this mortgeye may be foredosed, and ail costs and expenses of cdlection
and ressonable sttornays' fees, induding costs, expenses and ressonable attorneys' fees on appeal, if ooNected by legal proaedings
or ihrough an attorney at law, shall be paid by the Maker, Snd the same ara he~aby secured.
IN WITNESS WHEREOF, the Morigagor has executed this Mortgage as of the date first above set forth.
Signed, sealed and detivered ~
in our presenca: , ;
~'u--~
(SEAL)
(Mortgagor)
m ~ (SEAL?
~ IMortga rgq ~b J a, f 3
? Rece;ved S~~_~~ In a r6ert1 Of Taxef
eq„ STATE OF FI,ORIDA ) D•~~ On Cl~ss "C' lntang;ble Personal PropeH~?~
~ Purs:: n; To Chapler 71, 134, Acis Of 1971.
` COUNTY OF S t Luc ie j DOllGlAS DIXON,
; ~ Y Cl~k Cir~ui~ Cou~ S~ ie ~~J~
1 HEREBY CERTIFY that on this da , before me, and o~oer u y aei iz uf t°~' e afar id and in
i the County aforesaid to take acknowled~m ents, personall Ra mon~ Roberts an~
Y ~r ~
JoAnn Roberts his wife ' person des~ihbed in and who
~ t h e v ~to me known to be the
~ executed the foregoing instrument and . aCknowledq~cf before me that y
executed the same. , ~ ' ` - •
WITN JSS ey hand and official seal in the Cou8ty "and ~tate las~fo ' this day of
_ , A.O., 19 . ; - ~
~ " -
~ Notary Publi'c'~
O p E~80 ~tary P~inl9c, State oi Florlda 8t L'atg~,
s~~ ~~V. FAt MY Commiss(on Expire~y Commission Explres Nov. 6, 1989.
460t4000-7 (Rev. 4/84? mw nvuonu u„~ ir~iary rubyc Undenvriten,