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Home My WebLink About1447 ~ - t L t ~ i r ss t ~ , 1~ l~'T~ ~ ' - R. _ (.'n,! ( ~ ~1(!1'.ls~ r : t ) f~ ~:~•,,e 3.~.~,.~,_ SG Luci~ c~ iC . k~J/~ [~oc Tux t J~ . 3~ Clerk of ~:r...it :u..:t / j S~: ~i,t,~ 3 ~ S~~By - ~ ~ Direct Property Related C~ With Future Advance T•:.,al S`~ y~°~OATGAGE 10 2 2 3? 3 22ttd daY of tan~~arv , A.D.. 19 on TNIS MORTGAGE, made this (Mortga~or) and SunBank Tr _as ~r GoaG Nat i nna 1 Ascnr i a t i,~n - (MOrtgs9Ce~; iName of 8ank) WITNESSETN, that 4lortgagor, for and in consideratio~ of the premises and in order to secure the payment of the principai snd intereit on the note (as hereinafter defined), Mortqagor hereby grants, ~ ~s, transfert and mort4ages to Mortgagee, its successors and assi~ns forever, the following described real property in 1,ucie County, Ftorida, to wit: Lot 7, Block 2996, PORT ST. LUCIE, SECTI~N FORTY-THREE, according to the plat tliereof, recorded in Plat Book 16, Pages i5, I5A through 15L, Public Records of St. Lucie County, Florida. TEiIS IS A SECOND ~;GRTGAGE. (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Properri and will defend the same agtinst the lawful daims of all persons whomsoever. PROVIOED ALWAYS, that if Gar; A_ Ral l and TrPnP K_ Ral l , the Maker(s) (Iruert Nsme(s)) of that certain pramitsory note dated the date hereof (the Note), their heirs, tegal representatives or assigns shall pay to Mortgagee the prin~ipal sum of S 6- ~4g - 29 as evidenced by the Note, with interest and upan the terms as provided therein, the final maturity date of the Note and of this Mortgege being Januar~ 21 , 1g q"~ , which Note provides that all installmenu of prinapal and interest ane payable at tha office of Mortgegee, or at such othe~ plaae as the holdar may designate in writing, snd thst each maker and endorser agree to psY all costs of cdlection, including a reasonable attomey's fee, upon defsult in the paym~i of the Note, and that if dehult be made in the payment of any installmsnt thereunder and that if wch defwlt is not msde good in aotorsiance with the terms of the Note, thst the entire principal wm and acc~ued earned interest shalt become due and paysde without notice st the option of the hdder thereof; and shall perform and comply with each and every stipu- lation. aqreement and covensnt of tfie Note and of tfiis Mortgage, then tfiis Mortgage and ihe estate hereby aeated shall be void, otharwise the same shall remsin in full force. Maker covenants to pay the interest and principaf promptly when due. Mortgagor ~ covensnts to psy the taxes and assessments o~ said property; to keep the improvements ~ow existinq or hereafter erected on the ~ ~opesty iruured agrinst Iou by fire, hszards induded within the term "extended coverage", and wch other hazards as Mortgagee may , rec=uire snd in such amounts and for such periods as Mortgsgee msy raquire, with a company approved by the Mortgagee, with a standard mortgege loas clause payable to M~gee, the policy to be held by the Mortgagee, and to keep the building on said fand in proper ropair. The loan represented by tfiis Mortage and the Nou is personal to the Mortgagor snd the Mortgagee msde the loan to the Mortg~gor bssed upon the cxedit of the Mortgagor and the Mortgagee's judgment of the abifity of the Mongagor to repay all sums due under this Mortg~ge, and, therefore, this Mort~age may not be assumed by any wbsequent hdder af an +nterest in the Martgaged Property, exoept as provided herein, without tfie prior expreu written co~sent of the Mortgagee. If all ar any part of the Mortgaged Property~ or any interest therein, is sold or transferred (induding a transfer by agreement for deed or land conuact) by Mortgagor witt~out Mortg~gee's prior written consent. excluding (a) the aeatior~ of a lien or encumbrance wbordinate to this Mortgage, (b) the creation of a purchase money security interesY for househdd applia~ce, (c) a tronsfer by devise, descent or by operation of law upo~ the derth of a jant tenant, or (d) tfie ~ant of any leasehold interert of 3 yean or less not containing an option to purchase, Mortgagae may, at Mortgagee's oQteon, dedare alI sums secured by tfiis Mortgege to be im~nediately due and payable. This Mortg~ge shsl! secure not only existing indebtedness, but also such future sdvances, whether tucfi advances are obfigatary or to be msde at the option of Matgagee, 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 the execution of this Mortgage, but such secured indebtedness shall not exceed at any time the maximum principal amount of S n1a plus interest, and any disbursements made for the payment af taxes, levies, or inwnnce, on tfie Mortgsged Property. with interest on wch disbursements. Any wcfi future advances, wfiether obligetory or to be msde at the option of the Mortgagee, or otherwise, maY be made either prior to or after ~e due date of the Note ' or any other notes seaire~i by this Mortgage. All covenants and agreemenu contained in this Mortgsge shall be applicable to all further ~ advsnces msde by Mortgsgee to Make~ under this future advance c{suse. Should any of the above covenants be tuoken tfien the Note and all moneys secu~ed hereby sfia{I, witfiout demand, if the ~ Mortgagee so eiect, at once become due and payable and tfiis mortgage may be foreclosed, and all costs and expenses of collectio~ ~ and reasonabte attomeys' fees, induding costs, expenses and ressonable attomeys' fees on appeal, if collected by legal 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 fortt~. 6 ~ Signed, sealed and detivered in our presence: ~ / ; / : ~ • ~ (SEAI.) ~ ~ (Mortgagor? Gary A. Ball ~ ro t > ~ ~ ~ ~ m (SEAL1 lMortgagori Irene K. Ball c~ ¢ W ~ a STATE OF FLORIDA ) a W a ~ COUNTY OF St . i,uc ie ? y ~ Q ~ 3 I HEREBY CERTIFY, that on this day, before me, and officer duly authorized in the State aforesaid and in z ~ ~ the County aforesaid to take acknowledgments, personally appeared Gary A_ Aa ~ and ~ 3 ~ Trana K_ Ra 1 1 to me known to be the person described in and who ~ H executed ihe foregoing instrument ar~d, ,r,thex acknow{edged before me that tY?ev y o ..~e executed the same. ~ ro ro WITNESS my hand and officia~ ip, the~oLnty and State last aforesaid this 22nd day of _ ~ January ' ,~''1 ~ } 40 . ~ ~ ~tU~c:,.,.~.-~-.,. ~ ~ _ . ~ ~ ~-C._._-~ , _ ~ ~ - , ~ ~ ~ a ~,~~'ry P~~ , - - . - - - . My,~bmmiuion Expires: ~ ~ ' • ~ . - P4•601 d-000-7 Rev. 4/84 mw . ' • ' • . • - ~ C~ , ~ i~' - , . . . ~ Q j[ ~ . ~ooK6 5 FacE~.447 : ti ~ ~ <<a~