HomeMy WebLinkAbout1638 10. That the Mortgagon will give immediats ~wtice by mail to ths Mortgagee of any conveyance~ t~anster o~ chang~ of
ownership of the ptemis~s.
1l. That np waiver of amr coveoa~t hKein or of tM obllgation securod hemby shall at any tim~ thenafter b~ heW to bs
a wsive~ of the terms heroaf o? of the note securod MnDy.
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12. That N ths Mo~tgagors defsult In any of tM cow~sob or aB?sements rnntafned heroin, or lo said note then the
Mortgagae msy pertorm the same. and all e~cpe~ditures (induding reawnable attorney's tees) made by tM Mortgsgee in so doing
shall d~aw interost st the ate of eight perceoium (8°~) pK annum. and shall be npsyaWe tmmsdiatey a~d without d~mand by
the Mortgagors to the Mortgagee. and. togather with iMerost and costs accrui~g tMroon. shall bs sacured by this mortgags•
13. That the msiling of a w~itten notice or dema~d addrossad to the owne~ of record of the mo~sged premises. or dirocted
to the said ow~er at the Iast addross actwly tumisMid to tM Matgagee. or directed to ssW owner at said mortgaged Wemises.
and mailed in the United States malis. shall be wffkient notios and dema~'~d in any case arisinQ u~der this tnst?umeet snd ro-
quired by tM provisions Aeroof or by Isw.
14. This Mort~e sAalt seeure not only existina fodebted~ess. but slso such futuro advance~ wh~thK such sdvances ars
oWigstory or to be msde st the opRion of the Mortg~gee. or otherwise. ss aro made within twenty (20) years trom tM date Mro-
of. to ths aame exteM ss H such futuro adva~ces wero mad~ on the dat~ of ths execution of this matgsgs. but wch securod
indebtedness st~all not exoead st any~time the maxlmum principsl smount of = 11 . plus i~erost, and am
disbursements made for the paymeM of taxes. levks or insurance. on the property coverad by the Ikn of thfs mo~tgsg~, with i~-
terest on such disDu~semeMs. ~
The covenants herNn cwMai~ed shsll Dind. and the benefits and sdvantagas shall inuro to. the mspective heia, executors.
admtnistratas and assig~ of the parties hercto. Whe~ever used. the singular number shall include the plural, the plural the singu-
lar. and the use of arry gender shail include all genders.
IN WITNESS WHEREOF, tt~e said Mortgsgors have hereunto set their hands and seals the day and yssr flrst atoresaid.
Stgoed. sealed aod delivered in the presence of.
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" ohn E. Gatz
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Evel Ruth Gatz
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(SEAL)
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STATE OF FLORIDA ~ u.
COUNTY OF St. Lucie
i Beforo me. the unders~ned suthority. on thk day personaly appeared 3ohn c?dwaTd Gat2
~ and ~elyn Ruth Gatz . his wife. to me wetl known and known to me to be the individuals described in
~ and who executed the foregartg instrument, and acknowledged before me tbat they executed the same for the purpose therein -
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WITNESS my hand and oificial seal this _ 4th day of Au~u6t .1~~~.
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i4~5 ~yUTARY FUBUC, STATE d FLORIDA at3J+1~6 4:•
MY CGMMISSI~N EXPIRES DEC. 7. 1~77~ O'
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