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Home My WebLink About0987 , 8368~`~ ~c ~D,sc~ i''' " ~ " dT~ ' ~ /G-~o ~ Direct Prope~ty Related o~/~ ~ ~ With Futu~e Advance MORYGAGE THIS M TG G, ada i: • 6th y of JU1 ~g 8~ : ~ ~Mort~yo~) and ~ (Mort~e9eel. . ( ams f n WITNESSETH, that Mortgagor, for and in considention of tfia premises and in order to secure the payment of the p~incip~l and interest on the note (as harainaher defi~edl, Mortp~go~ hereby grants, sui~~s: t[snsf@rs and mortcages ta Mortgage~, its successors and assig~s foraver, the following described ~ea! p~operty in ? t-UCIe County, Florids, to wit: . ' Lot 1, Block 4, INDIAN NILLS ESTATES, as per plat on file in Plat Book 10, Page 32, public records of St. Lucie County, Florida. This is a second mortga9e. (hereinaftcr refened to ss the Mongaged Propertyl: ar~d the Mortgeqor does hereby fully wsrnnt tfia tide to the Mortgsged Property s and wil! defend the same agoinst th~ lawfu~~wdre~°fG~a~o~ar~'e°r ~'co~t Ra nd Barber Kerr Russel 1 PROVIDED ALWAYS, thst if , the Maker(s) ar er an June . I~~ert N.me(:1) ar er ` of that certein promissory nota d ~p ~t hereof (the Nota1, heirs, tegal representative: or asstqns shall psy to E Mort~ges the principal sum of S~~•' 79 • as evidenoed by the Note with interost and upon the terms ss pro ed theroin, ~ the final maturity date of the Note and of this Mortqage being . 19 , which Note provides that all instaliments cf principal and interest ara payable at the offioe of Mo~iqugee, or at such other piace ss the holder ~ may designate in writing, and thst each mskar ~nd endorser agree to psy sil casts of coilection. indudin~ a rea~nsble attomay's fee~ upon defauit in the payment of the Note, snd th~t if default bs msd~ in the payment of ~ny instillment thareunder and that if wch ~ defsult is not msds good in sa:ardanoe with the t~nns of the Nate, that the entiro principal surr~ and sa:ruad eamed interest shall ~ becoma dus and ~yable without ~otice st the option of the hdder tfiereof; snd shall perform and compty with each and every stlpu- ~ latian. agreament and covenant of tt~s Nots snd of tfiis Mcrtpage, tfien tt~is Mort~~e ~nd ttts astate hereby aa~t~ed sfiall b~ void, : othsrwise the same shall remain in full force. Makx cove~~~ts to pay tt~s interost and principad promptly when due. Mortga~or ~ covenants to Wy the tsxes snd sssessmerns on said property; to keep the impro~rsmsrrts now existing or here~fter erectad on tt~e . = proparty insursd aq~inst lou by fire, haurds irtduded within ths term "ext~nded coven9e", and wch other h~zudt as Mortgigea may requira and in auch amounts snd for such psriods at Mortg~gee may require, with a company approved by tfie Mortge~ee, vrith a ~ standard mortgage loss clauss payable to Mortgeges, the policy to be held by the Mortgagee, and to keep the twitdiny on said lind in ~ proper repair. < Tha loan reprosented by this Mortage and the Note is personal to the Mortgegor and the Mortg~gee made the loan to the ~ Mortgegor based upon tha credit of tha Mort4ag~r and the Mortg~~ee's jud~ment of the ability at the Ma~tgigor to repay all sums due under this Mwtg:ge, and, therefore, this MortQage may not be sswmed by any subtequertt hdder of an interoat in the Mort~aged Property. except as provided herein, without the {xio~~expre3s wriKen ~or?s~tnt of tha Mori~eges. if sl! or any psrt of tht Mort~oged Property. or sny interost thsroin, is sold or vansferred (including s trensfer by ayreemsnt for deed or la~d contractl bY Mortga~or - = witt~out Mortgegee's prior written consent, axcluding (s) the crestion of a lien or encumbrance subordinate to tfii: Mort~aage, (b} ~ the creation of a pu~chase money security intsrast for househdd applisnoe, (c) a trsnsfer by devise, desce~t or by operation of !sw ' ~ upon the desth of a joint tenant, or (d) the girant of any tessehdd intsrest of 3 yean or less not canteining an option to purchese, ~ Mortgagee may~, at Martgagee's option, dedare s!! wms secured by this M~rtgtge to be immsdiately due and p~yaWs. ~ This Mortqsge shall secure not only existi~g indebtedneu, but also such future sdvances, whether such advanoes a~e obiig~tory ~ or to be msde ~t the option of Mortgegee, or otherwise, as ara made within twenty (ZOi yeus trom the date heroof, to the same extent as if such futum achrances wera made on tfie date of the executicn of this Mortgage, but such secured indebtedness shall not exceed at a~y time tha maximum principal amount of S plus interest, and any disbursements made far the payment ot taxes, levies, or inwrance, on the Mortgaged Property, with interest on such disbursements. Any such future advances, whether obligetory or to be made at the option of the Mortg~gee, or othervvise, msy be msde either prior to or after the due date of the Note or any othe~ notes secured by this Mortgage. All cuvensnts and ageerrtents contsined in this Moriga~e shall be appiicable to all further _ advarxxs made by Mortgagee to Maker u?~der this future advsnce cisuse. Should any of the abova covenants be broken then the Note and all moneys sacured hereby shall, without demand, if the Morigagee so elect, at or.ce becoma due snd pay~ble and this mortgege may be foredosed, and alt casts and expenses of collection and reasonable attomeys' fees, induding costs, expenses and ~easonsble attorneys' fees on appeal, if coilected by legel proceedings or through an attorney at law, shsl! be paid by the Msker, and the same are hereby secured. IN WITNESS WHEREOF, the Mortgegor has executed this Mange~e f the date first above set fortt~. Signed, sealed and delivered f.- . in our presenoe: - ~ ~ % ! G~Q`~ ~~/1~A~Z~ (SEAL) (Mortgagor) ¢ , } z ~ O~~C/l•lilT~c-s't''~ ~ (SEALI - m " (Mo gor) ~ a ~ M STATE OF FLORIDA 1 y _ -tt ~ 1!'~~> W d °C couNrY oF St. Luci e ? ~ ~ ; I HEREBY CERTIFY, that on~this day, before me, and officer duly authorized in the State afo~esaid and in W`" s°'. ~ the County aforesaid to take ackri 'led 'enu, penonally appearedFdwaC'd Cdbot B~i,~'~g1^. Scott R~vmond g~ ~ Barber. rr~(~(~5,,,~~] ,B ~,+$~1^~1?ne known to be the person described in and who ~,a executed the foregoing instrurt~it artd~~.~,_:5,._ t~~_ acknowledged bafore me that tbP.T_ _ . y ~ e° ~ axecuted th~ same. ..";y': f ~t ~ - i~ W TNESS my hand ani~ official~.~ieA~ jrt,the ounty a~d State last aforessid i: ~ day of _ s. c _ as 3 F. ? A.~., 1 • ' = 00 N tt. F~ . < ` ~ ~ .~-y"w~`"~ K 4 t {~Q~ry ~ . ~ ~ ~ 3GRK ~c3~ PA6E M1+ Commission Expires: ~j1A~Y PU9L1C STATE OF FLORIDA 46014000-7 (Rev. 4/84) mw hY C~i!lIJSSION EXP. MAr 28,l9i8 8411f,E0 1NRU 6EMfR11l IIlS. U~. : f_........_.~..~:''~j~ Z_~~~'~._...~r'~i" O-Z "~..a~"c.. . _