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Home My WebLink About0989 /v i ~ 836838 . ,~be,~ G • Oirect Proparty Retated Wlth Future Advance ~ MORTGAGE 1(p~ I ' THIS MORTGAGE. maide this .,6th d~y of _..=T.-?l.X._...~ A.D., 19..F3~ _ , between L.._.=i"'` ~~31E$ ,~°~d h,v~,,, hPr~ h~_=_Aha~ ~~aklp~r i.~~pg, (MortgagOr) snd , Stln Bank/TreaRt;re ('OBs~t Narin al eaanriat~nn _ (MOrt~D~); (Nama of Bank) WtTNESSETH, that Mortgayor, for and in consider~tion of the premises and in orde~ to secure the peVment of the principal and interest on the ~ote (as he~einafte~ definedl, Mortgagor he~eby grants, assigns, Van:fars and mortqages to Martgagee. its sucxeuo?s and assigns forever, the fo~lowing described real propertll in Ft Pierce S~,ti Lucie_Coyntv County, Florida. to wit: Lots 21 and 22, Black 6$, Unit numbered 6, LAKEWOOD PARK, as per plat ~~U~'~.b9 thereof recorded in Plat Book 11, Pa~e 7, of the Public Records of o~p Qayme ~ pi taxes St. Lucie County, Florida. ~ pers~~~ ~'roperty. R~erved S ,.C~~ ~ntan9~ble 1971. THIS IS A SECOND MORTGAGE. Due On C~ass ~ 134, A~ ip e~ Pursu~aQUGIAS G~XON' fla. . . L~~~, St. luue~ Co.. " Clerk Circu~~ (hereinafter referced to ss the Mo~yed PropertY): artd the Mortgegor does hsreby fully vfrsrrent tfie title to the Mortg~ged Property and will defend the ~me sgeinst the I~wful daimLsisail~psrson: whomsoevar. PROVIDED ALWAYS, thtt if H. Luee a~d Oak ev Lue~ , the Maker(s) ilraet~ie~i1°ts)I of that certsin promissory note dated the date hereof (the Note), heirs, legal representatives or aulgns shall qay to Mortgagee the pr~ncipal sum of S 11.027 _ 64 as evidenced by the Note, with interest and upon the terms as provided theroin, the final maturity dste of the Note and of this Mortgege being .._.......Jul,K 5 , 19 _3L_, which Note providex that all installmenis of prinapal and interest aro payable at ths office of Mortgagee, or at such othsr pl~ce's the holder mey dssignata in writing. and that each maker and endonar agree to pay sll costs of coliection, including a rsasonabls attomey's fee, ` upon defauit in the payment of iha Note. snd thst if def~ult bs made in the payment of ~ny installment thereunder and that if wch ~ defwlt 1s not mads good in acconianoe with the tem?s ~f ths Note, that the entiro pri~cipal sum ~nd accrued earned int~rest shaJl E bscome due snd payable without notics at ths option of tfie fioldsr thereof; ~nd shall perform and comply with esch and every stipu- ~ lation, agresment and covenant of the Note and of this MortpsQe, then tt~is Mortgeys ~nd the estate hereby cxeeted sh~ll b~ void, ~ otherwiss the same shall remsln In fuU force. Mak~r c:ovan~rns to pay ths interest and principal promptly whe~ due. MortgeQor ~ covenants to pay the tsxes and snessmaMS on said propstty; to keep tfie improvemaMS now existin~ or hs~har erected on tfie ~ property insured a~finst loss by fire, hsza~ds induded within the term "extended covers~e". and such other hazards ~s Mo~~gee may ~ requiro snd in such amounts snd for such periods as Mortg~gee may require, with s compsny approved by the Mortg~qee, witt~ a ~ sts~dard mortgage ioss clause payable to Mortg~ges, the policy to ba held by tfia Moftg~gee, and to keep the buildin~ on s~id IaRd in ? propsr repair. ' The loan ropresented by this Mortsge and ths Nots is personal to the Morigegor and the Mortgegee made the loan to the ti Mortgngor based upon tfie credit of the Morigagor and the Mortgsgee's judgmant of the ability of the Mortg~~or to repay all sums due under this Mortg~ge, and, therefore, this Mon~ge may not be ~ssumed l~y any subsaquent hdder of sn interost in the MortDaged Property, except as provided herein, without the prior expross written consent of the Mortqe~se. If sll or any part of the Mortgs~sd s Property, or any interest theroin, is sold w transfarred (induding a transfer by agreamant for deed or land conuactl by Mortgsgor wiifiout Mortgegee's prior written c~o~sent, excludiRg (a) tfie creation of a lien or encumbrence wbordinate to this Mortg~ge, (b) tha creation of a purchase money security interest for househdd appli~os, (c) a mnsfer by devita, descent or by operation of law ~ upon the de~th of a joint tensnt, or (d1 the grant of any le~~hdd in~erost of 3 yean or ie~ not contsining sn optlan to purchsse, ~ Mortg~~es may, at Mortgagee's option, dedue all wms securod by this Mortg~ge to be lmmedlately dus and psyable. This Mortgige shsll secure not or~ty axisting indebtedness, but also wch futurs adv~nces, whetfier such advances are oblig~wry ~ or to be made at tha option of Martgegee, or othsrwise, as are mede within twenty {20) years from the date hereof, to the same extent as if such futuro advances wsre msde on the dste of the exacution of tfiis Mortgags, but such securecf +ndebtednass shall noi exceed ~ at any time the maximum prinapal amount of S n~a plus interest, and any disbursemenu made for the payment ~ of taxes, levies, or insuronce, on tfie Mortgaged Proparty, witfi interest on such disbursements. My such future advances, whether ~ obligatory or ta be msde at the option of tfie Mortgagee, or otherwise, may be made either prior to or aher the due date of the Note or any Qther notes secured by this Mostgage. All cavensnb and agreements contained in this Mortgaye shall be applicable to all furtfier ~ advances msde by Mortgagee to Maksr under this future advancx clausa. . , Should any of the above cavenants be broken then the Note and all mo~ys secured hereby shall, witt~out demand, if tfie ~ Martgagee so elect, at once become due and payable and this mortgeqe may be fotedosed, and all costs and expenses of co{lection and reasonable ettorneys' fees, induding costs. expenses and ressonabla attomeys' fees on appeal, if oollected by legal proceedings - or through an attorney at {aw, shall be paid hy the Maker, and the same are hereby secured. - IN WITNESS WHEREOF, ttse Mortgagor has executed this Mortgage as of the date first above set fonh. Si$ned ed and ivered . in presence: ~ ` ~G (SEAL) o ( r) is ~ H. Lueg u ~ ~ u ~ ~ (SEAL) - o N (Mo Oak ey ueg w us ~ ~ ~ ~ STATE OF FLORIDA ) W y„~ d COUNTY OF St . Lucie ) < ctl / - ; ~ I HEREBY CERTIFY, Yhat on fhis day, before me,'ah~ officer duly authorized in the State aforesaid and in ! N the County aforesaid to take acknowledgments, pers+6nalt~y~~ppeared Lisa H. Lueg and ~ ~ ~ Oaklev Lug~ ~:td{ Me~k~qrwn to be the person described in and who ~ executed the foregoing instrument and .S.hev ~c11~4wladged before me that thev i.. . y~ ~ executed the same. Z- , ' bth . y~ ~ WjuNESS my hand and official seal in the5~ nty ~dBCate, f~st aforesnid this day of J ly , A.D.,19 f ~ • ~t.E:~ C~l./!~-x.s~.~ ~ . N°u~' ~or~ar , 0 UK554 ~~~E 98~ ~~mmission Expires: Nr tOxxtsS~p~ f~Pt N~ ?s~i5aa t BO~DEO TM 4601400~-7 (Rev. 4/841 mw BO ~f! 6f1~ERAL ItlS. y,yp.