HomeMy WebLinkAbout0937 the final maturity date of the Note and of this Mortgage being ~ulv c3 ,,y _
iVote provides that all installments of princiPal and interest are payable at the office of Mortgagee, or at such other place as the holder
may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a reasonabte atto~ney's fee,
upon default in the payment of the Note, and that if defautt be made in the payment of any installmeni thereunder and that if such
default is not made good in accordance with the terms of the Note, that the entire principal sum ansi accrued earned interest shall
become due and payable without notice at the option of the holder thereof; and shall perform and comply with each and every stipu- j
lation, agreement and covenant of the Note and of this Mortgage, then this Mortqage and the estate hereby created shall be void, '
othervvise the same shal) remain in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor
covena~ts to pay the taxes and asseumenu on said property; to keep the improvements now existing or hereafter erected on the
property insured against lou by fire, hazards included within Lhe term "exiended coverage", and such other hazards as Mortgagee may
require and in such amounu and for such periods as Mortgagee may require, with a company approved by the Mortgagee, with a
standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee, and to keep the building on said land in
proper repair.
The loan represented by this Mortage and the Note is persanal to the Mortgagor and the Mortgagee made the loan to the
Mortgagor based upon the credit of the Mortgagor and the Mortga9ee's j~idgment of the ability of the Mortgagor to repay all sums
~!~~e ~!~der this Mlnrtgaoe, and: therefore, this Mortgage mav ~oi be assumed by any subsequent holder of an interest in the Mortgaged
Property, excepi es provided herein, without the prior express written consent of the Mortgagee. If all or any part of the Mortgaged
Property, ot any interest therein, is sold or transferred (including a transfer by agreement for deed or iand contract? by Mortgagor
without Mortgagee's p~ior written consent, excluding (ai the creation of a lien or entumbrance subordinate to this Mortgage, (b)
the treation of a purchase money security interest for household appliance, (c} a transfer by devise, descent or by operation of law
upon the death of a joint tenant, or (d) the grant of any leasehold interest of 3 years or less not containing an option to Rurchase,
Mortgagee may, at Mortgagee's option, declare all sums secured by this Mortgage to be immediatety due and payable.
This Mortgage shall secure not onty existing indebtedness, but also such future advances, whether such advances are obligatory
or to be made at the opt+on of Morigagee, ~r otherwise, as are made within twe~ty (20) yea~s from the date hereof, to the same extent
as if such future advances were made on the date of the execution of this Mortgage, but such secured indebtedness sha(I not exceed
at any time the maximum principal amount of $ plus interest, and any disbursements made for the payment
of taxes, levies, or insurance, on the Mortgaged Property, w+th inierest on such disbursements. Any such future advances, whether
obtigatory or to be made at the option of the Mortgagee, or othervvise, may be made either prior to or after the due date of the Note
or any other notes secured by this Mortgage. All covenants and agreemenu contained in this Mortgage shall be appiicable to all further
advsnces made by Mortgagee to Maker under this future advance clause.
Should any of the above covenants be broken ihen the Note and aU moneys secured hereby shall, without demand, if the
Mortgagee so elect, at once become due and payable and this mortgage may be foreclosed, a~d all costs and expenses of collection ~
and reasonable atto~neys' fees, induding costs, expenses and ~easonable attorneys' fees on appeat, if col(ected by tegal proceedings
or through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
IN WiTNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set f th~.
Signed, sealed and delivered
in our preserLce: -
~ . .
f , ~
- ~ - ~ \ (SEAL)
~ ' Rick G. Fril~gorl - .
`L ~/r~/~i~!'~/~ / `/i~' ;r~~ :C~ _ _
y T L `~L! ~ _ ~y ` C , {SEA~)
O0 Cyn hia A N~tt4~j) ~
„ • -
~ ui u
~ ~ STATE OF FLORIDA )
W ~
~ a ~ COUNIY OF St I.ucie )
i Q i.,
I I HEREBY CERTIFY, that on this day, before me, and officer duly authorized in the State aforesaid and in
~ z y the Co~!~*.y afpracaid ro take acknowledgments, personally appeared Rick c. F~tschv and
W _s,,y,~hia _A Fr~.sci~~, ttis wife " to me known to be the person described in and who
~ ~ ~
Q executed the foregoing instrument and ~'_T~ acknowledged before me that t11.~X,
y c~ executed Lhe same. ~
y~~ WITNES ~ U y Y and and official seal in the Co~ n L
y-
a n~tatg last afore~aid this 24th day of
_ ~ ~ , A.D.. 19 . 1 t - , ' ,
~ ~ : _ ~t.,~,7~.~ _ -~z'.-~ .
~ Notary Public ~
3 My Commissiorf Expi?es:
n r ~
~ ~ ~
P4-6014-000•7 Rev. 4/8A mw
K::c,• .•s?~
' , • . C{ . ~ _ . -
~ , ~ , ' ` R'i1l"i_0 i~:2~ cst~:~~~ :1:.
i
~Ja~~~l~ 5" i .
' , f 5
" TN 1 S I S A CORRFCTED MORTGAGE BF 1 NG GI VF:N 1'0 Oirect Property Related 1~•
CI.ARIFY THf: I.EGAI. DESCRIPTION With Future Advance
\ L~
MORTGAGE
TFIIS MORT~~~~, ~ad~~F~i~, 24tii ~ IA AdaFRITSCHY, hisywife . A.O., 19 87 ,
(Mortgagor) and