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Home My WebLink About1445 tozz37z ~ ~.y5 us , S' ?0.54 iT F~' ~ - nc~[~c;i ntx~V 10. 50 REC Add F~~e S r~_ tit. ~ : . [kc Tar S S Direct.Prc~ty Related Int Tax D• S wth Futur +Advance MORTGAGE i U~•1~~:; ~ T•~al = 17th January THIS MORTGAGE m~de this dsy of q,p„ ~~0 Phill G' Sheffield Sr AKA Phill Sheffield) and Linda S ShpffiPt~i ~AKA (Mortgsgor) and Linda Shet~ield , his wife Sun Bank/Treasure Coast. Natinnal Accnriatinn (Mortgagee); (Nsme of Bank) WITNESSETH, that Mortgagcx, for and in consideratio~ of the premises and in order to secure the payment of the principal and intarest on the note (as hereinafter defined~, Mortqagor here gr u igns, iransfers and mortqages to Mortgagee, its succeuors and assi9ns foraver, the following described real property in ~uh~ County, Florida, to wit: Lot 32, Block 2239, Port St. Lucie Section Thirty-Three, according to the plat thereci, recorded in Plat Book 15, Page(s) 1 and lA through 1V of the Public Records of St. Lucie Gounty, Florida. THIS IS A SECOND MORTGAGE Ihereinahe? refened to as the Mortgaged Property); and the Mortgagor does hereby fully vrarrant the title to the Mortgaged Properri and will defend the same agai~st the lawfuld i of a!I ns whomsoever. PROVIDED ALWAYS, that ifi Ph~l~ C S~ie~ield Sr and Linda S Sheffield. his wife , the Maker(s) (Iruert Nameis)) of that certain promissory note dated the date hereof (tha Note), THEIR heirs, legal representat9ves or assigns shall pay to • Mortgsgee the pri~apal sum of S 5, 269 . 99 as evidenced by the Note. with interest and upon the terms u provided therein, the final maturity date of the Note and of this Mortgege being Januarv 16. ,~g Note provides that all instsllmants of prinapal snd interast sre payaWe at the office of Mortgegae, or at such other place st the holder may designate in writing, and tfist each maker and endo~ser agree to psy atl costs of cdlection, induding a reasonabl~ attomey's fee, upon defwlt in the payment of the Note, and thst if default be made in the payment of any installment thereunder and that if such default is not msde good in aocordance with the tetms of the Note, tfiat the entire principal sum snd accrued earned interest shalt become due and payade without notice ~t the option of the hdder thereof; and shall perform and comply with each and every stipu- i lation. s~reemeM and covensnt of the Note snd of this MortQsge, then thi: Mortgage and the estate hereby created shall be void, ~ otherwise tt~e same shsll remsin in full fores. Maker covenants to pay the interest and princip~t! promptiy when due. Mortgsgor covensnb to pay the taxes and asseuments on ssid property; to keep the improvements now existing or hereafter erected on tfie ~ property insurtd sgeinst lass by ~re, hazuds induded within the term "extencfed c~eraga", snd wch ather hazarcls as MortgaQee may require and in such amounts and for such periods as Mortgegee may require. with a company approvsd by the Mortgsgee, with a standard mortgage loss clause paysble to Mortgagee, the policy to be held by the Mortgagee, and to keep the building on said land in ~ proper ropair. g The loan represented by this Mortage and the Note is personal to the Mortgagor and the Mortgsgee made the foan to the E Mortgsgor based upon the credit of the Mortgsgor a~d the Mortgegee's judgment of the ability of tfie Mortgagor to repay all sums due under this Mortgege, and, therefore, this Mwtgage may not be aswmed by any wbsequent hoider of an interest in the Mortgaged Property, exoept as pr6vided herein, without the prior express written consent of the Mortgagee. If all or any part of tfie Mortgaged Property, or any interest therein, is sold or transferred (induding a transfer by agreement for deed or land contract) by Morcgagor without Mortgegee's prior written consent, excluding (a) the creation of a lien or encumtxance wbordinate to this Mortga~e, (b) the cxeation of s purchase mo~ey security interest for househdd applisnce, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant, or (d? tt~e grant of any leasehold interest of 3 years or less not containing an optio~ to purchase, ~ Mortgagee may, at Mortgagee's option, dedsre all sums secured by this Mortgege to be immediately due and paysble. i This Mortgage shall secu~e not only existing indebtedneu, but also such future advances, whether such advances are obligatory E or to be made st the option of Mortgagee, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as if such future advances were made on the date of N~Axecution of tfiis Mortgage, but such secured indebtedneu shali not exceed at any time tha maximum principal amount of S plus interest, and any disbursements made for the payment of taxes, (evies, or inwrance, on tf~e Mortgaged Property, with interest on wch disbursements. My wch future advsnces, whether obligatory or to be made at the option of the Mortgagee, or otherwise, rr~ay be made either prior to or afte~ the due date of the Note or any othe~ notes secured by this Mortgage. All covenanu and sgreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker undar this future adva~ce clause. ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the ~ Mortgegee so elect, at once become due and payable and this mortgege may be foredosed, and all costs and expenses of collection ~ and reasonable ettameys' fees, induding costs, expenses and ressonable attomeys' fees on appeal, if collecied by legal proceedings or through ~ 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 fortt~. ~ ~ Signed, sealed and delivered ~ in our presence: ~ ~ ~ r ` (SEAI) ~ Phill CM~{~i ld, r ! s d ~ € ~ ; z ~ > ! ~ JGL j ~ t~ ! 1 i' ~ ^ - (SEAL) Q ~ ' Linda S 5he~ield a c°~ STATE OF FLORIDA ) W U ~ y ~ d COUNTY OF St. Lucie 1 N ~ Q ~ - 3 y N I HEREBY CERTIFY, that on this day, before me, and oN~cer dul .auth~u'ied in the State aforesaid and in W,~ F L the County aforesaid to take acknowledgments, personally appeared Ph~.~~~~C~'~leffield ~Sr and Linda ~ S Sheffield, his wife ~f ~ m o to me.kn~p~bS~o~ie'~e person described in and who ~ x [ a executed the foregoing instrument and thev ,~;,_•y~P~~~.~~~e me that rhey ro executed the same. • p ' N W ' J~ ~ U~ . ~ z~ WITNESS my hand and official seal in the County and ~~tQ~s~~ ib this 22nd day of ~ 9~ . V~~+~ . _ ~ ~ z .1an~iarv , A.D., 19 " ' ' . a ti Notary Public s~ - MY • = . Commiss~ p~~xpires: r.' r~•' . ~ ...~t P~1-60i4-000-7 Rev. 4/84 mw . : L, g~oK675 FAGEi445 ~ ~ = F.....-. . a . . . ~.,~~-~_~z.~