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18. Fu!turo Advances. This Mo~tgage is given to secure not only existing indebtedness, but also such (uture advances,
whether such advances are obligatory a are to be made at the option o( M~xtgagee, or othenvise, as are made wiihin twenty
years trom the date hereof, to the same extent as if such future ~dvances were made on the date of the execution of this ~
Mortgage. The total amount ot indebtedness that may be so secured may decrease or increase f~om time to time, but ihe ~
toial unpaid balance so secu~ed at one time shail not exceed twice the maximum principal amount now to be advanced under ;
the Agreement, plus intefest thereon, and ar~y disbursements made for the payment of taxes, tevies or insurance on the Mortgaged `
Property, with interest on such disbursements at the Oefautt fiate, as hereafter detined.
19. Obllgatlon ot Mortgaqor. Mortgagor shal! pay 1he cost of releasing or satistying this Mortgage ot record. f
20. No 7Fansfer. It is understood and agreed by Mostgagor that as part of the inducement to Mortgagee to make the E
loan evidenced by the Agreement, Mo~tgagee has considered and retied on the c~ed'+t w~o~thiness and reliability d Mortgagor.
Pulprtgagcx calenants and agrees not to setl, oornrey, transier, lease or lurther encumber any interest in or ary part d the Mortgaged
Property without the prior written conse~t d Mortgagee, and any such sale, conveyance, trans{er, lease or encumbrancs made
vrithout Mortgagee s prior written consent shall be void. If any pe~son should obla9n an in?erest in aA or any part d the Mortgaged
Property pursuanl to the execution or enlorcemenl d any 6en, security interest a other right, whether superior, equal or s~abordinate
to this Mortgage or the lien hereof, such event shall be deemec! to be a trans(er by Mortgagor and an event d default hereu~der.
_ 21. Default Rate. The Detault Rate shall he the highest rate permitted by applicable law. E
22. Changss to AAortgage. All changes, aiterations. iiel~t~o~ or additions to the substance d any paragraph in this Morigage
which have been agreed to between Martgagos and Mortgagee have beeR initialed by Mortgagor as additional proof of "
Mortgagor's consent.
23. Use of Borrowings. Mo~tgagor represents and warrants that none oi the tunds now or hereafter borrowed under
this Mo~tgage and the agreements which it secures will be used to tinance or refinance the acquisition oi any 1 to 4 iamily ~
dwelling (ncluding a condominium unit, cooperative hous+ng unit, of a mobile home) mortgaged hereunder or under any `
other agreement with Mortgagee. Mortgagor indemnifies and holds Mortgagee harmless (rom arry and aA loss, liabilii;r. cosi, ~
or expense arising irom any breach of the toregang representation and warranty. ~
•2A. Additional Parngraphs. In the event Mortgagor and Mortgagee agree to turther covenants in this Mortgage requiring ~
an additional paragraph or paragraphs, such paragraph or paragraphs shal! be attached to this Mortgage under the heading ~
of "Rider" and shall be part oE this Mortgage as if set out in tull herein.
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IN WITNESS WHEREOF, this instrument has been executed on the date first above written.
Sigr~ed, sealed and delivered
in the presence of:
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. - CAIN III l -
$E L. CAIN ~
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Bn~I~~ (Aflix Sea! it ;
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STATE OF FLORIDA ~ ) /
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~ r,' s l1
~ COUNN OF ST. LUCIE S~. ~
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~ The foregang instrument was acknawledged betore me this 31st day oi December. 1986
~ RALPH GAIN, III and BETTY L. G~TN
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~ Prepared By: , ~
~ Barnett Bank of St. Lucie County Not Pu ic, State of Flai'a ~ Lar
~ 900 East Prima Vista Blvd.
~ Port St . Lucie, FL 33452 • ~ " l ~ ~ ~
~ My Corr1m~ssio~re~tP. Of Fbt~' • ~ ' '
~ ~Ca~r9mission Exoires : „
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' ~:,~':`~'t~'ty,~ ~
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' 'This paragraph must be completed prior to executing this Mo~tgage.
~ "`t~r.~.,,,ew:,r ,
Ar pe+~ous eot~ns are obso+eta t1o221'~vNArABt09an
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