HomeMy WebLinkAbout0947 ~7~~7~-~.
~8 Future Advartces. Tlus h~ortyage ~s g~ver~ !o sec~u~e no! oniy ex~st~n~~ ~ndeb!edness. t~ut also such tu?urE; aUvances
~vt,ether such advances arc: obl~gatory or are to be made at the opt~on oi Mo!tgac~ee or othenv~se as aie ~iade w~th~n t~ti~enty
years fron; the date hereot ?o the same extent as ~i such future advances vre~e made on the date o+ tl~e execut~on of tl~+s
f~tortgage Tt~e'o!a! arnount of ~ndeb',edness that may be se secureci may decrease or ~ncrease hom t~rne to time. b.it the
?c~?ai unpa~d balance so sc~cured at one t~me s~;aN not exceed tw;ce the rnaxirr,~,m ~nncipal amount no~.v to be adv<~rced ~~nder
t';e Agre~n ~ent. p'us ~n!erest thereon. and any d;sbursemen,s made for the payment o? taxes le~~~es or insuraric~ on the Mortgaged
f'~ope~ly w~?h ~nterest on s:ich disl;ursen?ents at the Default Rate as hereafter dehned
19 Obligation of Mortgagor. h"ortgayor shaii pay the cost oj releas~ng o! sat~sh;ing th~s Mo~'gage o! re:,ord
7_0 No 7ransfer. !t ~s tinderstood and ayreeU by Mortgac~o~ that as part of ti~e ~nducement to Mortgayee to make ?t~e
lo:ir~ ev~denced by the A.gieement, ~~~ortgagee has cons~dered and rel;ed on the cred~~ worthiness and reli~bi~Ry of 1,lortyagor
Mortgagor cover~ants and ayrees not to seli, convey, transter, lease or (urther encumber any ~nterest ~n or any part o! the Mortgayed
Property ~A:~thout the prior wr~tten consent ol Mortc~agee, antl any such sa~e. conveyance, transfer lease or encumbrance made
ti~rthcut Mortgagee's pr~or v:ntten consent sha~i bv vo~d. if any person sh~uld cb?a~n an ~rterest m atl or any part ot the Mortgaged
ProE~rty pursuant to the exec.uUon or enbrcemer ~t ot a;~y I,en secunty m;erest or other nght. whether s~~~nor. equai or s~bord.na'.e
to th~s Mor!qage or ti~e ben hereo!. such event sha;l be deemed to be a transfer by Mortgagcr and an event of ciefau(t hereunder
2t Detault Rate. Tne Def~~u!t Rate shal! be the h;ghest rate perm~ited by apphcabte law
22 Changes to Mortgage. A)! chanyes. al,erat~a~s delet,ons or add,Uons to the subs?a~ce of any parayraph +n th~s Mcr?ga.^,e
v:t~ ch have been agreed to bet~~:een Mortyayor and Mortgagee have been mrt~ated by Mortgagor as add~?~ona~ praot o!
P~Icrtgagor s consent _
23 Use of Borrowings. Mor?gagor represents and warrants that none o' the funds nov,~ or hereafter borro•::ed under
th,s Mortgaye and the agreements wh~ch ~t secures w~ll be used to 6nance or re+~nance the acqu~s~i:on of any i to 4 fam~ly
dwe!i~ng (~nclud~ng a condom~rnum un,t. cooperat~ve hous+ng un~t, or a mab~le home) mortgaged here~~nder or under any
other agreement ~v~th P~lortgagee Mortga~or :nciemrnf~es and holds Mcrigagee harmless (rom any and aii loss. i~ab.i~ty, cost.
cr expense ar~s~ng from any breach of the forego~ng represeniat~on and warrarty.
'?_4 Additional Paragraphs. ln the event Mcrtgagor and Mortgagee agrEe'o further c~~enants ~n th~; Mortgage requ~r~ng
an add~±~onal p~ragraph or paraqraphs. such parayraph or paragraphs sha!! be attached to th,s hlortgage unde~ the head,nq
i;" R der' and shai! be part ct '1~~s Mortgage as f set ou? ~n full here~n
IN WITNESS WHEREOF, !~~~s ~n;vumen~ has been eYecuted o~ ttie date s~rst above ~vn?ten ~a, ~
ReCeMed 1n F~yment Of Taxes
Due On C'd55 In:3n .tb1e Pe:sonal Prope::y.
S'rjn~.Cl. St'~!e:i afid ~C!~~;~e!@d
~ Pu~su,~nt lo Gh~, or li, 134~cts Ot 2971.
±ne ,~resence e' _ _ _ , ~ . ,
Clerk Circuit Cour~ St. ucie~ 00.. fit1.
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RIAN ALLE j
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(Aff~x Sea~ ~f
A~c.' cat~'e1
ST,~Tc OF ~ LORiD%{ ~
COUNTY OF gt , LuCie ~
ihe torego~nq ~nst~tr.r~ent ~.:as ackno~;~iedyed be`ore rre !r.,s _~12th_~ ctay o` _~~cemh~~1986
t;: _ _ -__BRIAI~I_ AI.LE,~I_an~i ATH _~1LLE~I-. ~i~_taif.~.--------
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`86 O~C 23 P12 :39 .
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~~ry ubl'c S±ate of ~lorda at .~arge ~ . ! . .
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ST. iuC~: rr~y Corrmis,~o~ Exp+res
Notary Pub4k. Sbbe of Flor{da ~
~1;y Commissior~ Expires Sept. 16, 199~ _ ~
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~T~'> 3'dCJ'~lj;h ;rl~i5' t7f' CO'?~G~'E?'f'CS (:f'~O! 'O E',XCCIi''~flC~ TftiS i~fO~TC~3'y'C' ~,(7
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Prepared by: Barnett Bank of St, Lucie County O
900 E. Prima Vista Blvd., om
Port St. Lucie, FL 33!+52