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10. That the Mortgagors will giw immediate notice by mall to the Mortgages of any conveyanq, transfer or change Of
ownership of the promises.
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11. That no waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter bs held to bs
a waiver of the terms hereof or of the note secured hereby.
12. That ii the Mortgagors default in any of the covenants or agreements contained herein, or in said note then the
Mortgagee may perfomn the same. and all expendtturos (including reasonsbk attorney's tees) made by the Mortgagee in so doing
shall draw interest at the rate of eight percentum (8°~) per annum. and shall be repayable immediatey and without demand by
the Mortgagors to the Mortgagee, and, together with interest and costs accruing thereon. shall be securod by this mortgage.
13. Thai the mailing of a written notice or demand addressed to the owner of record of the mortgaged promises, or dirocted
to the said owner at the last address actualy fumishad to tM Mortgagee. or directed to said owner at said mortgaged premises.
and mailed in the United States mails. shall be wfficierrt notice and demand in any case arising under this instrument and re• !
quired by the provisions hereof Or by law.
14, This Mortgage shall securo real ony existing indebtedness, but also such futuro advances, whether such advances sro
obligatory or to be made at the option of the Mortgages, or otherwise, as are made within twenty (20) years from the date here-
of, to the same extent as N such futuro advances were made on the date of the execution of this mortgage, but such secured
indebtedness shall not exceed at any time the maximum principal amount of = s~~ • ~
.plus interost, and arty
disbursements made for the payment of taxes. levies or insurance, on the property covered by the lien of this mortgage, with in•
terest on such disbursements.
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The cownants herein. contained shall bled, and the benefits and advantages shall inure to. the respective heirs, executors.
administrators and assigns of the pa!ties hereto. Whenever used. the singular number shall include the plural, the piurel the singe-
lar. and the use of any gender shall include all genders. .
IN WITNESS WHEREOF. the said Mortgagors have hlrouMo set their hands and seals the day and year first aforesaid.
Signed. sealed and deliwrod in the presence of:
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(SEAL) ~
F d R. a
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L. Jean a Morgan
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(SEAL)
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(SEAL) ~
STATE OF FLORIDJI t
COUNTY OF St. Lucie ( -
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t3etoro me the uncle ignW authority. on this day persona!!y appeared Fred R: Morgan
and L..~eanne organ ,his wife. to me well known and known to me to be the individuals described in
and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purpose therein r
expressed.
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!+!llTNESS my har!c! ~4d offisial swl this Z~ St day of December ~ .
_ .ter ,
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Notsrj? PuWi~ $
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My commission expires: ~ s -
Notary Pablic, State of~~de~at Larga•~ d4;"'
My Commission 6cpires •Jyi'ja(~I, J ~~aaa.~`
~T9 OEC 31 P!i 2 46 - ~ 't,t~„~~••,
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f'LENK CIRCWT CWRT
TORO VERIFIEt1
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~~323 Pact 215