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HomeMy WebLinkAbout2668 ~ F~ z oo~ct.~s nixox 102 2 9 2 3 Add Fce r (.~11e c•, ~,,t~, Fixed Rate ~ T~' - ~ ~ ~ ' Direct Property Related Int Tn~ ~ S ~MOR'~GAGE With Future Advance J ~ THIS IS A BALI~ MORTGAGE AND THE FINAL PR~NCIPA~ PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATURITY IS 19 ~ 988 • 12 , TOGETHER WITH AGCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. MORTGAGE 31 January y~ „~~n q. L1CtdCt~t THIS MORTGAGE, made this day of , A.D., 19 betyveen t~ s;,,~_e aa~lc (Mortgagor) and Sun Bank/Treasure Coast, ~~T~tio al Rssoc~a tO~Mortgagee); (NAME OF ~ENOER) WITNESSETH, that Mortgagor, for and in considerotion of the premises and in order to secure the Qayment of the principal and interest on the ~ote (as hereinaher dafined), Mortgagor hereby grants, auigns, transfers and mortgages to Mortgagee, its successors and assi~ns forever, the following described real property in St. Lucie County, Florida, to wit: Lot 4, SABAL CREEK PNASE I, according to the Plat thereof, as recorded in D1~~ RCOK `3, r~y~ Cf ~ho DUF~~1C Re~~!"G~S Of St. ~:lCIP ~euntY~ F~O!'l~d. ~hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and will defend the same against the lawful claims of all persons whomsoever. PROViDED ALWAYS, that if .Tohn A. T~ieta2rt . a sin~le adult , the Maker~s) of that certain (INSERT NAME(S1) promissory note dated the date hereof (the Note), h~ ~ heirs, legal representatives or assigns shall pay to Mortgagee the principal wm of S ~ d,, n ~ n_~ n as evidenced by the Note, with interest and upo~ the terms as provided therein, the final matu- rity daLe of the Note and of this Mor~qage being Feb 2 , 19 , which Note provides that all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the payment of the Note, and that if default be made in the payment of any installment thereunder and that if wch default is not made good in accord- da~ce with the terms of the Note, that the entire principal wm and accrued, earned interest shall become due and payable without notice at the option of the holder thereof; and shall perform and oomply with each and every stipulation, agreement and covenant of ihe Note and of this Mortgage, then this Mortgage and the estate hereby created shaH be void, othervvise the same shall remain in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor oovenants to pay the taxes and assessments on said property; to keep the improvements now existing or hereafter erected on the property inwred against loss by fire, hazards in- cluded within the term "extended coverage", and wch other hazards as Mortgagee m.sy require a~d in wch amount and for such periods as Mortgagee may require, with a company approved by the Mortgagee, with a standard mortgage loss clause payabie to Mortgagee, the policy to be held by the Mortgagee; and to keep the bu9lding on said land in proper repair. The toan represented by this Mortgage and the Note is personal to the Mortgagor and the Mortgagee made the loan to the Mortgagor 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 Mortgage, and, therefore, this Mortgage may not be assumed by any wbsequent holder of an interest in the Mongaged Property, except as provided herein, without the prior express written consent of the Mortgagee, If all or any part of the Mortgaged Property, or any interest therein, is sold or transferred (including a transfer by agreement for deed or land contract? by Mortgagor without Mortgagee's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security inte~est for household appliance, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant, or (d) the grant of any leasehold interest ot 3 years or less not oontaining an option to purchase, ~ Mortgagee may, at Mortgagee's option, decla~e all sums secured by this Mortgage to be immediately due and payable. This Mortgage shall secure not only existing indebtedneu, but also such future advances, whether wch advances are obli tory ~ or to be made at the option of Mortgagee, or otherwise, as are made witfiin twenty (20) years from the date hereof, to the same extent ; as if such future advances were made on the date o~~t k execution of this Mortgage, bui wch secured indebtedness shall not exceed at any time the maximum principal amount of plus interest, and any disbursemenu made for the payment of taxes, ; tavies, or inwrance, on the Mortgaged Property, with interest on such disbursements. Any wch future advances, whether obligatory or r to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or any other E notes secured by this Mortgage. AI! covenants and agreements oontained 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 covenants be broken then the Note and all moneys secured hereby shall, without demand, if the Mortgagee so elect, at once become due arxi payable and this mortgage may be foreclosed, and all costs and expenses of collection and : reaso~able attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or ° thraugh 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 forth. ~ THIS IS A BALLOON MOiiTGAGE AND THE FINAL PRINClPAL PAYMENT OR THE PRINCIPAL BALANCE OUE ~ ~JPON MATURITY IS $19,988.12 TOGETHER WlTH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENYS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. E ~ Signed, sealed and delivered ~ in our presence: : ~ ~ O ~ ~ ' _ ~ i _ r i _ - ~ ~ j="'S_ 1~ _ ~ ~ , ? % > ~ (SEAL) _ ~ , ~ ~ ~ ~ ' ~ RTGAGQRI ~ ~ ~ ~ M { l, ~ - ~ ~ , John A. Lietaert ~S~A~) ~ ~ O J r ' (MQRTGAGORI € ~ ~v~i STATE OF FLORIDA ) iiJ ~ ~ ~ COUNTY OF St . Luc i e ) a ~ ~ I HEREBY CERTIFY, that on this day, before me, and officer duly authorizeci in the State aforesaid and in z O N U the County aforesaid to take acknowledgments, personally appeared John A. Li etaert L r t•Y~~f czci,: a 3 U to me known to be the person described in and who z~ ~ executed ihe foregoing instrument and h~ acknowle~ged before me that rje ~ ~ executed the same. : Z rt z ~ U U WITNESS my hand and official seal in the County and State tast aforesaid this 1 a~ day of € N ~ ~ar.uarv - , A.~., 19 90 _ . Z ~ Ea ' / 1 ~ ~ ~ U .~C ~ ~ . ~ i J!" ~ ,•Y,~ -i l ~ ~ ~ r- ~ ~ ~ Notary Public ~ r; ~p My Commission Exp' ~9:~~ F 4~~! - . L i'. s?r.?E ~ 4 1'393 J ~ ~~A .ccION EXF. ~0 ~ P4-8015-000•6 (Rev. SI86) mw f~~ ' D":Ry GEN`~',1..f3~ ~ ~ i;. t> cn . ~ " eoc~ 675 f ~cE 26fi8 , ; : _ - 4= _ ~~.`v"~F.~_.~C"a.i+s'' mLs,x."YaCtYt i~.___e~ ..1~2kS ~~~•k~