HomeMy WebLinkAbout0991 ' ~ duc stamps 12.15
Int tax 1ti.03 ~E)J.~~.~~
Direct Property Related
L'Vith Future Advance
,
~ MURTGAGE
'fH15 MORTGAGE made this 1$~~ dey of ~LIE'rt~mhAt- , A.O., 19 87 ,
beiwesn ' n{'=o'= a`~"t r (h1ort~agor) and
Sun Bnn1L~Tr~ Gi~r~ .r.sL'i~r , t+t~r i nn~ ~ ~ ~ - - (111ortgagee)~
(Name of 8ank) I
it~tT'NESSETN, that Mortgagor. for and in consideration of the premises and in order to secure the payment of the principal
and interest on the note 1as hareinafter defiried?, Mortqagor herehy grantsStS~I
uciensfers ano mortqages to ti4ortgag~e, its successors ~
end assigns forever, the following described real property in S
County, Florida, to wit: ~ ~
' .
Lot 8, Block 1570, Port Sr Luci~, Section Tiiirty, accarding to the Plat tt?ereof,
recorded in Plat Book 14, pages 10 ai;d lUA through IOI, Public Records of S~t Lucie
County Florida. ~~1 ~ ' ~
RQCeiVe~ S (.~3 ~n Payment OI Taxes
p~e On C{.>.ss "C,• I~~~. ng'ble Personal Proparly.
Pursuant To Ch~p!er 71, 13~, Acis Cf 1~
DOUGLAS UIXON, ~
(he~e+nafter referred to as the Mortgaged PropertY); and the Mortgagor~~sd~b¢d~utll/5w~~~`+Q ~~e to the Mortgaged Prapertv
and will defend ths same against the lawful cl i s of ali persons whomsoever.
PROVIDED ALWAYS, thst if -~~~frev Sciturro, a sin~le adult , the Make~(s)
(Insert Name(s)}
of that certain promiuory note dated the date hereof (the Note), h;~~ heirs, legal representatives or assigns shall pay to
Mortgagee the principal sum oi S~l~ - j 6 as evidenced by t~e Not~ withlj~terest and upon the terms as pr,o~tided therein,
the final maturity siate of the Note and of this Mortgage being ecem er , ~g y~ , which
Note provides that all installments of principat and interest are payable at the office of Mortgagee. or at such~other place as the holder
may designate in writing, and ihat each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee,
upon detault in the payment of the Note, end thet if default be made in the payment of any insta(Iment thereunder and that if such
default is not made good in accordance vsrith the terms of tha Note, that the entire principal sum and accruad earned intarest shall
become due and payaWe without notice at the option of the holder thereof; and shall perform and comply with each and every stipu-
lation, agreement and covenant of tha Note and of tt~is Martgsge, then this Mortgage and the estate hereby ~xeated sfiall be void,
othe~wise the same shall remain in full force. Maker covenantt to pay the interest and principal promptiy when dus. Mortgagor
covenants to pay the taxes and assessmenu on said proporty; to keep tfie improvament3 now existing ar hereafter erected on tt~e
property insured against loss by fire, hazards included within the term "extended coverage", and such other hatards as Mortgagee may
require and in such amounts and for such per+ads as Mortgagee may require, witfi a company approved by the Mortqa~e, with a
standard martgage lass clause Rayable to Mortgagee, the palicy to be held by the Mortgagee, and to kesp the bu~lding on said fand in
proper repair. •
The loan represented by ihis Mortage and the Note is perxonal to the Mortgagor and the Mortgages msde tfie loan to the
Mortgagor based upon the cradit of the Mortgagor and the Mortg~gee's judgment of the ability of the Mortgagor to r~pay all sums
due under this Mortgage, and, therefore, this Mortgage m~y not be assumed by any subsequent holder of an interast in the Niortgaged
Property, except as pravided herein, without the prior express written consent of the Mortqngee. If all or any part of tfie Mortgeged
Property, or any interest therein, is sold or trantferred (including a transfer by ac,geemerit for deed or isnd cor~iraci) by Mortgasor
without Mortgagee's prior written consent, excluding (a) the creation af a lien or encumtxance wbordinete to this Mortgage, (bj ~
ti~e creation of a purchase maney security interest for household ap~fia,ncs, (c) a transfer by devise, descent or by operation of law
upon the death of a joint ten~nt, or (d) the grant of any leasehold interest of 3 years or less not containing an aption to purchese,
Morigagee may, at Mortgagae's option, der.lar3 all sums secured by this Mortgage to t~e immediate(y due and payabie.
- This Mortgage shall secure not only existing indebtedness, but atso such futeire advances, wfiether such adrances are flbligatory
or to be made at the opiion of Mortgagee, or otherwis~, as are mada wii~in twenty 1Z0) yenrs 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 shall not exceed
at any time the maximum prsncipa! amQUnt of S n~a plus interest, and any disbursemenu made for the payment
of taxes, leviss, or insurance, on the Mortgaged Property, with interest ore such disbursemenu. Any such future advances, wheiher
obligatory or to be made at the option of the M6rtga9ee, or otherwisg, may be made e+ther prior tv or aher the due date af the Note
or any other notes secured by this Mortgage. Alt covenanu snd ag~eemenu contained in this Mortgage ~hall be applicable to all further
advances made by Mortgagee to Maker under this future advance clause.
Shoufd any ot the above covenenu be broken then the Note and all moneys secured hereby shalt, without demand, if the
Mortgagee so elect, at once become due and payable and this mortgage may be foreciosed, and afl cosu and expenses of collection
and reasonable attorneys' fees, induding costs, expenses a~d reasonatrle attorneys' fees on appeal, if co!lected by legal proceedings
or through an attorney at law, shalt be paid by tfie Maker, and the same are hereby secured. _
- IP! WITNESS WH~REOF, the Mortgagor h exec~ned this Mortgage as of the date first above sst forth.
Signed, sealed and delivered
esenoe:
, . . _.D st _P /L~--J
.r..~~. iSEAL)
(Mortgagor)
\
" ~ '/!'lL`_"_ (SEA!?
_ ,
Q (Mortgagor}
w
~ STATE OF FLOR(DA )
~
°C COUNTY OF St Lucie )
~ I IiEREBY CERTIFY, that on this day, before me, and officer duly authorized in the: State aforesaid s n
' s- Jetfrey Sciturro, a single a~uit
Z ~ the County aforesaid to take acknowtedc~nenu, persenally appeared , . .
to me known *_o be ttie persQn descrjbed in and who
_ ~ executed ihe foregoing instrument and he acknovSrledg~d.be.fpre:me-that ~ h~
executed the same. = : . , ~ =
N . . . . ~
_ ;YITNESS my hand and official s~al in the County and State last af~+' ~ thfs day of
,
nec~~her , A.O., 19 . '
, Z r
i-~ ~ . . . . ~ . . ,
_ Notary Public ` . ~ ~ ~ ~
. My Commission Ex~irlf~aTM ~!~'t~'"• ~Ta#f{~f~rl~rid~ at La?ge. '
t; F ~j~~ My ~Of11f(t15'Si011 ~+cp~fE~S NOY. Ci, 1~84,
4•6014-OOQ-7 (Rev.4/84) mw E{,'.ri!~~t+•J ~r.~~ ~ tsut~u~.. i~;~.. ~...iN~~ r~vt~~ UndcnvnteiS.
s?= ~"~vf'°-~-.'~±~ _ . ~