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10. That the Mortg~gors wi8 give immediate notke by mail to the Mortgagee oi aoy conveyance. transier o~ change of ~
ow~ership of the p~emises.
11. That no waiver of any covenant herein o~ of the obligstion secured hereby shall at any time thereafter be held to be fi
a wsiver ot the ta?ms hereoi or oi the oote securod heroby. ~
12. That if the Mortgagors detault in any of the covenants or agreements co~tained herein. o~ lo said oote then the j
Mortgagee may pertorm the same. and all expe~dituros (including ~easonaWe attorney's ises) made by the Mortgsgee in so doing i
shall draw interest at the rate of eight percentum (8°~fo) per annum. and shail be repayable immediatey and without demand by
the Mortgagors to the Mortgagee. a~d. together with-interest and costs accruing thereon. shali be secured by this mortgage.
13. That the mailing oi s w~itten notice or demand addmssed to the owner of rocord of the moKBaged premises. or dlrected
to the said owner at the Iast address actualy tumished to the MoAgagee, or directed to said owne~ at said moetSeged Promjses.
and mailed in the United States mails. shall be suffkisnt notice and demand i~ any case arising under this instrument and ro-
Quired by the provisions hereof or by law.
14. This Mortgage shaH securo not ony existing indebtedness. but also such future adva~ces, whether such advsnces aro
obtigatory o~ to be made at the optio~ oi the Mortgagee. or otherwise. as a?e made within twenty (20) years irom the date hem-
of. to the same extent as if such tuture advances wero made on the date oi the execution oi this mortgags. but such secured ~
indebtedness shall not exceed at any tima the maximum p~incipal amount of = 5, 000_ 00 . plus interost. and sny ~
disbu?sements made for the payment of taxes, levies or i~surance. on the property covered bY the lien oi this mortga8e. with in-
terest on such dlsbursements.
The covenants herein corHained shall Wnd. and the benefits and advantages shall inuro to. the respective helrs. executors.
administrators a~d assiQns of the parties hereto. Whenerer used, the singuiat numbsr shall include the plural. the plural the singu-
lar. and the use of sny geode~ shall ioclude ali genders.
IN WITNESS WHEREOF, the said Mortgagors have hereunto set their hands and seals the day and year first aforesaid.
Signed, sealed and delivered in the presence oi: ,
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Yw~ (s~?U 'U
Charles F. Stephens
~ ~Yn,~,Gs.c,s-•~/~~l~-/~t''`'~'°"`-~ ~~?U
l~arisn 8. Stephenson
(SEAL)
- (SEAL)
STATE OF FLORIDA ~
CouNTYOFS t Lucie
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€ Before me. the undersigned authority. on this day personaly appeared ~ailes F. Stephenson
~ and g , his wite. to me vrell known and knovm to me to be the individuals described in
and who ex~ec~F~ie forego~iig ins~ru~r
ent. and acknowledged before me that they executed the same for the purpose therein
expressed. .
2
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~ WITNESS my hand and official seal this 6th day of Juae . 19 74 .
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otary Pubiic. State of Florida
:1:~ • . • My commission racpires:
F. L. T$11ant,Jr. ,V~ aad 6ashier N'~Of~' ~~~~~e b~ te"~.
- ?M C+ww.isd«. E=vk~s J«~. i~. 1~7s
` a-- ~ooa.e br An.rlca~ fir~ 8 Cosw~ry Co.
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