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Home My WebLink About1676 •te s ~~~Ur1 .')~i I V ~ V ~i ~i . ~0 3 ~,.~St L~..~c' ~~y , ;'az ~ Cl~ . 'c' • . ~ ~ t`1'ax = E3y . ~ r._ Direct Property Related wth Future Advance iii, .,~~[1C Total i r..-. MORTGAGE rHIS MORTGAGE. RowarCi: , ar er an e vsY~ean a , s w e ' A'~" 19 qn ~~n (Mortgagor) and SunR-~nk/TrP^citYP L'nacY ~latinn~l A~Cnn~~r~~ 1MOft~D99Q~' . (Name of Ba~k) WITNESSETH, that Mortgeyor, for and in considerstion of the premises and in order to secure tha payment of the principal and interest on the note (as hereinafter defined), Mortqpor hereby gnnts, sssigns, transfen and mortqsges to Mortgsqee, i~ successors and mi9ns forsver, the following dascribed ~etl property in ~r i lir; o County. Florida, to wit: Lot 15, Block A, AVON MANOR SUBDIVISIOH Unit Number 1, according to the plat thereof recorded in Plat Book lb, Page 19, Public Records of St. Lucie County, Florida. (hereinaher referrod to as the Mortgaged PropertYl: and the Mortge9or does hereby fully vrsrrant the title to the Mortgaged P~opertv and will defend the ssme ag~irnt tha Iswful daims of al1 perso~a ~m r. PROVID~ED ALWAYS, shac if Howard R. ana ett~ean Carter , the Maker(sl (Insert Name(s1) of thst certain promissory note dated the date hereof (the Note1, rhpi r heir:, leg~l representatives or assigns shall p~y to Mort~pss the principal sum of S 4n n3 s: evidenoed by the Note witfi interest a~d upon the terms ss provided therein, the final maturity d~te of tha Note and of this Mort~ege being T~ arv 18th 2Q~, which Nots provides thst all installments of pri~apsl and interest aro payable at the office of Mortq~yee, o~ st wch other plsce ss the holder may desi~te in writin~, snd thst each msker and endorssr agree to psy all costt of cdlection, includirp a reasonsble attomey's fee, upon default in ths psyment of the Note, and that if default be made in the payment of any installment tfiereunder and tfiat if wch defsult is not made qood in aacordance with the terms of the Note, tfiat the entire principsl wm and eccrued earned interest sh~ll bacome due and paYsde without rwdce at the optio~ of the holder thereof: and shall perform and comply with each and every stipu- lation, a~reemertt and covenurt of the Note and of this Mortgage, then this Mortgt~e and the estate hareby ae~tsd shall be void, otherwi~ the same shall remsin in full foroe. Maker covenants to psy tt~e interest and principal promptty v~hen due. Mortg~gor covenants to pay the Lxes and assassmenu on ssid property; to keep tha improyements now existing or heresfter erecoed o~ the property insurod a~inst lost by fire, hszards induded witfiin the Lemn "extended coverage", and wch other hazsrds as Mor~gagee may requi~s snd in such smounts snd for such periods as Mortgpee msy require, with a company spprovad by the Mortgsgee, witfi a standud mortg~Qe loss clsuse psysble to Mortgaqee, the policy to be held by the Mortg~gee, and to keep the building on said land in proper ropsir. The loan ropresented by tfiis Mortsge and tt~e Note is perwnsl to the Mortgagor snd the Mortg~gee made the losn to the MoRPgor b~sed upon the cxedit of tfie Mortgsgor and the Mortg~gee's judgment of the ability of the Mort~sgor to repay sll sums due under this Mortq~ge, and, tha?efore, this MoR~e may not be asu~med by ~y subsequent hdder of an intemst in the Mortgaged Property, exoept as provided herein, without the prio~ exprest written consent of the Mortgegee. If all or any prt of tt?e Mortgsged Property, or sny intemst theroin, is sold or tnnsferred (indudirp a tnnsfer by agreemsnt for deed or land co~trsct) by Mortgsgor without Mortqegee's prior written consent, excluding (s) tha creation of a lien or encumbrance wbordinate to this Mortgage, (b) the cxeation of a purcha~e money security interost for househdd sppliance, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant, or (d) the grsnt of sny lesset~dd interest of 3 yean w leu not containing an option to purchase, Mortga~sa may, at Mo~tgsgee's option, dedare all sums secured by this Mortg~ge to be immediately due snd payable. T~`it~ MortgeQe shsll secure not only existing indebtedness, but alto wch future sdvances, whett~er such advances are obligatory or to be made at the option of Matgagse, or otherwise, as are made within twenty (20) yean from the date hereof, to the same extent as if such futuro advsnces wera made on the date of the e~cecution of this Mortg~ge, but wch secured indebtedness shsll not exceed at any time the maximum principsl amount of S n~ a plus interest, and any disbursements made for the psyment ; of taxes, levies, or inwrance, on tt~e Mortgaged Property, with interest on wch disbursements. Any wch future sdvances, whether ; oblig~tory or to be msde at the option of the Mortgeyee, or otherwise, may be made e9ther prior to or after the dua date of the Note ~ or any other notes secured by this Mortgage. All covenants snd agreemants co~tsined in tfiis Mortg~ge shall be applicable to ~I further ~ advances msde by Mortgsgee to Make~ under this future advance dause. ! Should sny of tfie sbove covenants be broken tfien the Note and al! moneys secured hereby shall, witfiout tiemsnd, if the Mortg~gee so elect, at once become due and payaWe and this mortgoge may be foredosed, and all casts and expenses of collection ~ and reasonable attomeys' fees, induding oosts, expenses and re~onsble sttomeys' fees on appeal, if collected by legel proceedings ~ or through ~ attorney at law, shatl be paid by the Msker, ~d the same are hereby secured. i IN WITNESS WHEREOF, the Mortgegor has executed this Mortgage as of the dste first above set forth. ; Si~ed, sealed and delivered ! in our presen~: ~ 's ` ~ ~ y ~ ~ (SEAL) ~ (Mortgago~) E ~ ~ ~ y ~c~_,G~~Y~~~ ~ R ~ ~ " ~ \ (SEAL1 ` °D ~°n 1 rtgagorl ' o ~ = Q d ~ a STATE OF FLORIDA ) n W ° 0. COUNTYOF St. Lucie 1 ~ y ~ ~ I HEREBY CERTIFY, that on this day, befor~ me~;ar~ officer d auth r ed 'n t e State aforesaid and in ~warcP C~ar~er ~ z the County aforesaid to take acknowledgmenu, ~e.~ja~~y'ap~baiQ~d : ~ ~ and Bettv Jean Car~er - r~ co ~ o~e~kdown co be che person described in and wno E Q executed the foregoing instrument and ' acknowledged before me that they ~ y @XCCUt@d thC S2m8. ~ - ` ~ ~ , ~ r, •~~p, ' . ~ y ~ wJanuary Y hand a~d official , A I~iM ~ e;_ ~ty arui tate last aforesaid this 19th day of i `~~JV C~ ~.1 . . ~ ~ ~ c „ ~ l.' ~ t--m c-c.., V~ ~7 " - ~ • Is J . ~ ' . i ^ . ~ ~ ~ . ~ ^ a ~ - 1MY~~1u Expires: ~ - ~ . . . ~ P4-6014-000•7 Rev.4/84mw " C:ti~; . , .a. . _ ~ BooK674 P~1676 ~ - - . .~-~r..~. ~sf ~,E. _ -xf_~:il' . .-~,::z~-.~~=