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Home My WebLink About2053 R~C ~M~ ..._.L=- SJ ()()~'f~LA~S DIRDI~ SZ'l' ~ `n~~.;T.- ~ Add F~w J_~r t.~.ie CountY , f' .fy~ L4+c Ta. . - - - - ' . rk ~,f Circuit Court l' Int Tax ~ Direct Property Related . _ _ . ~ With Future Advance ~ . `,v ~ePutY Cleci T•...,1 3 M R C~ THIS MORTGAGE, made this 25th day of Januarv , A.D., 19 90 T~hn M Bonelli and Elisa Bone 1? . his wife (Mortgagor) and ~iin Rank /Tr ~SUre C a~t. ~Iatinna~ AGGQCi at? on (Mortgageel; (Name of Bank) WITN~SSETH, tfiat hlortgagcx, for and in consideration of the premises and in order to secure the paYment of the p~incipal and interest on the note (as hereinafter defined), Mortqagor hereby grants, auigns, transfers and mortqages to Mortgagee, its successors and assigns forever, the following described real property in County, Florida, to wit: Lot 321, Holiday Pines, Phase IIB, according to the plat thereof, as recorded in Plat Book 20, at Pages 12 and 12A througti 12E, of the Public Records of St. Lucie County, Florida. ~ ihereinaher referred to as the Mortgaged ProperLY): and the Mortgagor does hereby fully warrant the title to the Mortgaged Propertv and will defend the same against the lawful d$orrsri f_all parns$n~~sa~onelli PROVIDED ALWAYS, that if ~1 tt M , the Maker(s) (Insert Name(s)) of that certain promissory ~ote dated the date hereof (the Note1, their heirs, legal representatives or assigns shall s~ay to hlortgagee the principal sum of S 9.000. 00 az evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being _Tamtary ~4 , ~g 95 Note provides that all installmenu of prinapal and interest are payable at the office of Mortgagee, or at such otfier place as the holder ; may designate in writing, and that each maker and endo~ser agree to pay ail costs of collection, including a reasonable attorney's fee, , upon default in tfie payment of the Nota. and that if default be made in the payment of any installment thereunder and that if such ~f~;a!! 's_ noi made c~o~s! in er!'!?r~~!~?~ with the terms of the hc~te, that the enti~e principal sum and accrued earned interest shall become due and payable without notice at the option of the holder thereof; and shall perform a~d comply with each and every stipu- lation, agreement and covenant of die Note a~ of this Mortgage, then this Mortgage and the estate hereby ~xeated shall be void, otherwise the same shafl remain in ful! force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pey the taxes and assessments on said property; to keep the improvements now existinq or hereafter erected on the property insured a~inst lou by fire, hazards included within the term "extended coverage", and such other hazards as Mortgagee may require and 9n 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 persc~al to the Mortgagor and tfie Mortgagee made the ~oan to the Mortg~gor based upon the credit of the Mortgagor and the Mortgagee's judgment of the ability of the Mortgagor to repay all sums due under this Mortgege, and, therefore, this Mortgage may not be assumed by any wbsequent hdder of an interest in the Mortgaged ; Property, except as provided herein, without the prior express written consent of the Mortgagee. (f a11 or any part of the Mortgaged Property, or any interest ther~in, is wld or transferred (including a tra~sfer by ageement for deed o~ land conVact? by Mortgagor ; without Mottgegee's prior written consent, excluding (a) the creation of a lien or encumbrance wbordinate to this Mortgage, (b) ' the creation of a purchase money security interest for household appliance, (c1 a transfer by devise, descent or by operation of law ~ upon the death of a jant tenant, o~ (d) the grant of any leasehdd interest of 3 years or less not containing an aption to purchase, € Mortgagee may, at Mortgagee's option, declare all sums secured by this Mortgage to be immediately due and payable. E This Mortgage shall secu~e not only existing indebtedneu, but also such future advances, whether such advances are obligatory ~ or to be made at the option of Mortgagee, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent ; as if suzh future advances were made cn the date of the execution of this Martgage, but such secured indebtedness shall not exceed ~ ai any time the maximum principal amount of S n~ plus interest, and any disbursemenu made for the payment ' of taxes, levies, or +nsuranc~, o~ tbe Mortgaged Property, with interest on such disbursemenu. Any such future advances, whether s obtigatory or to be made at the optio~ of the Mortgagee, or otherwise, 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 applicable to all further advances made by Mortgagee to Maker under this future advance clause. ~ Should any of the above covenanu be broken then the Note and all moneys secured hereby shall, without demand, if the Mortgagee w elect, at a~ce become due and payable and this mortgage may be foredosed, and all cosu and expenses of collection ~ and reasonable attorneys' fees, induding cosu, expenses and reasonable attorneys' fees on appeal, if collected by lepl proceedings ~ or through an attorney at law, shall be paid by the Maker, and the same are hereby secured. ~ IN WITNESS WHEREOF, the tVlortgagor has executed this Mortgage as of the date first above set forth. ~ ~ . ~ Signed, sealed deli ed ~ ° in our pres . ~ ~ ~ i - ~ / ~ ~ ` i ~ ~ . n C ~ i, i i 1I ~ ` v~~ ~ (SEAL) ~ ~ U ~ ~ ~ {Mortgagori John M. Bonelli /C/~ ~ $ / ~ /K~~.~r ~ ~ ~i Lt: ~?~J ~ ~ . m Z v ~ (Mortgagor) E_isa onelTi (SEAL) 0 " W ~ ~ ~ a o STATE OF FLORIDA ? ¢E v ~ ~ ~ COUNTY O~ St.1 ucie ) ~ a J ~ ~n 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 acknowledgmer.ts, personally appeared John M. and E~isa Bonelli ~ F~',, _ ;,o~ •m~ known to be the person described in aiid who ~ Q~" ~ executed the foregoir~g ~nstrument and t~~~ acknowledged before rne that t~' ~ Z y ~ executed the same. y'•'~ 25th 5 _ p z~ WITNESS my hand and official sea~ ~r5,ifi~ ~o~rrrty~and State last aforesaid this day of ~ = r p Januarz~ ; A.D., i9 ~ 4~~ _ ~ . ~ F ; - ~C.. _ ~ `a - ~ h~otar' . i~_ . b NOT RY ?UBL1C STAT~ OF FI.ORIDA ~ ~My Comrnission Expires: M~ r~I~F1i~SI0N EXP. JUNE 6,1993 ' ?4•6014•000-7 Rev. 4/$4 mw ii R B~NDED T'N.RU GEM£fS11! IMS. UMp. ~ E~~~ s7~ ~A~. zo53 , _ ~ ~ u ~ .,~:~F~~+rs ~~~s'"'^'s. 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