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10. That tM Mortgagors will giw immediab notkae by maN to tM Mo+Rgagee d any' conveyance. transfer or change d
ownership of tM pnmbes.
11. That no waiver d any eownant henln or d tM oWiptbn secured Mnby shall at any time thereafter be heW to be
a waNsr d tM temn Mnof or d tM note second Mnby.
12. That M tM Matgagon default M any d the oownanb or agreerrreob wntalrled herein. or M saW rota than tM
Mortgagee may Perform tM same. and aN expendRures (htdudhtg reasonable attorney's fees) made by tM Mortgagee in so ddng
shall dew interest at tM rib d al;ht perceMum (896) par annum. and sMll be npsyabh Imntedlatey and without demand by
the Mortgagor to tM Mortgagee. and. Mgether wNJr interest and costs accruing tMnon. shah be secured by this mortgsge.
13. That tM ensiling d a writbrr notka or demand addressed to the owner of record d tM mortgaged Premises. or directed
to tM saW owner at tM last address aetwly tumished to the Mortgages. or directed to said owner at said rtartgaged premhtes.
and mailed in tM United States maib. shall be sufflciant notice and demand In any case arbing under this Instrument arrd n-
quind by tM provisions hereof or by law.
14. Thb Mortgage shah secure rat ony existing Indebtedness. but ahzo such future advances. wMtMr such advances an
obligatory or to be msde at tM option of tM Mortgages. or otherwise. ss an made within twenty (ZO) ywn from tM data here-
of. to tM same extant as ff such future adwrrgs wen msde on tM dent d tM execution d fhb mortgage.. but such second
Indebtedness shall not exceed at any time tM maximum prinNpal amount of = 25 ,000.00 ~ ,plus interest, anti any
disbunerrrenb made for tM payment d taxes, levies or Insurance. on tM Property covered by tM Ikrn d thb mortgage. with in-
terast on such disburerrteMs.
TM cownanb herNn oonbinsd shall bind, and tM benefits and advantsges shall inure to. tM respective heir. executor.
administrators and ass[gns of tM parties hereto. Whenever used, tM singular number sMll include tM plurel. tM plural tM singu-
lar. and tM use of any gander shall inducts aN genders.
IN WITNESS WHEREOF, tM saki haw herwnto set their hands and seals tM day and year flrt aforesaid.
Signed. sealed and delivered t a*
(BEAU
Albert E. Lounds, Jr.
• Uu~t,a.~ tsEAU
Betty F. Lounds
csEAla
sTaTE of FloRlt~r? St. Lucie }
COUNTY OF
a on this day personaly appeared Albert E. LOUndS , Jr.
Before me, tM undersigned uthorrty
and Betty F. Lounds .his wHe, to me well known and known to me to bs tM individuals described in
and who executed the foregoing Instrument, and acknowledged before me that they exewtad tM same for tM purpose therein
expressed,
WITNESS my hand and official seal this 15th day of tuber .19~_•
N ry bl Stets d Fbrid~..
r • r RECOR~~,~ My commission expires: . ~ .•~T..
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~~U ~~C `L' P • i36 n Notary Public, State of Florida At large. yf ~ c~
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U l:•~. 1`'~ 1~? Commission Ex~~res :an- 17, 1982. :S~' ~,t•
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