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Home My WebLink About0954 ~ ~ ~ i (28) Futun Advances. It is turthe~ covenanted and ap~eed by the pa~tlea he~eto lhat this Mortflape alao securea tha payment of and Includea all future~ or turther advancea as may be made by ths lende~ to and tor ths benefit ot the Borrower, Its heiro, peraonal ~epresenl• etivea a ass~na within twenty(20) years trom the date hereof, or wlthin euch lesaer pe~lod of tims as may be provided hereafter by taw as a prerequlaite or the suHiciency ot actual notice or ~ecord notice ot tha optlonal future o~ addiilonal edvancea as a~ainst the riphta of creditors or aubaequent pu~chase~s for valuable conalderation The totnl amount of Indebtedneaa secured by this Mortqaqe mey dec~ease or Inc~eaae from time to time, but the totel unpatd,belance ao secured at any one time shall not exceed the maximam p~incipal sum of s 40 ~ 800.00 , plus intereat the~eon end any and all disburaements made tor the payme~t ot taxes, levlea o~ insu~ance on the property covered by the Ilen of this Monga9e with inte~est on 8uch disburaementa et the ratea speciNed In the Noie ~eter~ed to in thl~ ; Mortyage. Such turther or future advances ahall be wholy optlonat with the Lender and the aame ahall bear inte~est at the aame rete aa apecNied In the note reterred to herel~ unleaa and unfii aaid interest rate ahail be modifled by aubaequent e~~eement Any suc~ future or turthe~ advances which may be made by the Lender to and for the benefit of the Borrower, its heirs, personel ~epreaentetives or assiqna~ in accordance with this paregraph ahall be secu~ed by this Mortgape to the same extent aa if auch future or turther advances were made on ! the date of the exeCUtion hereot, irrespeCtive of whethe~ the note and Mortgage are in detault or whether the note ia past maturity and is ' due and peyable tn its entirety. (29) Notice to BoROw~~. Any notice to the Bor~ower provided tor in the note or this Mortgage shall be deemed given when it ia ~ deposited In the United 3tetes mai~ poetage prepald addreased to the Borrower 8t the address of the Borrower as it appears In Lenders records perteininy to the loan evidenced by the note at the 11me notice Is ytven (30) ~sneal Provi~lons. This Mongage appUes to; inu~ea to the benetit of. end binds all pertiea hereta their hetra, legatees, devisees, administrato~ executora, suCCeasors a~d assigna (b) The term"Lender" shali mean the owner end holder(including a pledgee) ot any note secu~ed hereby, whether or not named as Lender hereln (c) Wherever the context so requires, the masculine gender includes the feminine and neuter, the singula~ numbe~ includes the plura~and vice versa (c!) Captions and paragraph headings used herein are for convenience only, are not a part of this agreement and shall not be used in construing it (31) Adjustabls Rete MoKqa~~ Provislons. The note which this Mo~tgage securea contains provlsions which permir inc~eases and decreases to the rate o! interest provided ln the note on a monthly basta; (b) increases and dec~eases to the monthly payment of principal interest on a yeary basis; (c) a limitatton on increasea end deCreases to said monthy payment amounh, and tnc~eases in the outstanding pnncipel amount due on ihe loan Reference is made to said note for a complete description of the adJustabla rate terms of the indebtedn~ss secured by this Mottgaga (32) Attomays Fees. As used in this Mortgage and tn the note "attorneys fee~' shall include attomeys tees throughout ali appeals. (33) 8ecu~ity AqroemenL This Mort~age shall also constitute and serve as a'Se~urity AgreemenY within the meaning of and shall create a seCUrity interest under Florida's Unfform Commercial Code, the secured parry betng herein referred to es'Lender and Debtor betng heretn refeRed to as'Borrower.' The Borrower agrees to and ahall execute and deliver to the Lender such °Flnancing Statements" and such further assurances as the Lender may, from iime to time, conside~ necessary tu create~ perfect and preserve the Lender's liens upon all renta, tnsurance proceeds, condemnation awards, and other personei property herein described and all addittons, substitutions, replacements and acceasions theretq and all proceeds of its or thetr sele or other dispositlon The lender, at the expense of the 8orrower, may cause such Financing Statements and assu~ances to be recorded and rerecorded filed a~d refiled and renewed orcontinued at such times and places as may be requlred or permitted by law 4o create, perfect and preserve such liens. In the event ihe Borrower fails to promptly execute and retur~ to the Lender such Financing Statements as the Lender may require to create. preserve and pertect its lie~ the Borrowershaii and does hereby des(gnate the Lender to act as tlie Bonowers agent forthe sole and limited purpose of executing such Financing Statements snd any such executlon by the Lendar pursuant to this Agreement shail be eHective and binding upon the Bo~rower as though executed originally by the Bonower. The BoROwers designation as agent hereunder ahall not be subject to revocation until the note is paid in tuil The Lender shall have all the ~ights, with respect to all property encumbered hereby, afforded to the Lender u~der the Florida Uniform Commercial Code in addition to, but not in limitation of, the other rights aNorded to the Lender by the Mortgaga Any after- acquired personal property or tixtures used in connection with said property shall be encumbered by the lien oi this Mortgage, and if appropriate or desired by the Lender, new Financing Statements cove~ing the same shall be executed by the Borrower and fo?warded to the Lender with the :,ost of recarding sama IN WITNESS WHEREOF, BORROWER has executed this Mortgage. Signed sea~ed and del(vered in the presence of: 3 ~ r ~ (SEAL) ` WITNESS AL EU E. TIRRACCINE ~ / s-~-~-~-~-u~~-e./ - (SEAI) WITt~~S OGE J. T ACCINE LOAN N0. 774182-0 STATE OF ~ /J ~ ~ o ~ SS • ~ COUNTY OF ~'t pt^ Yo~ a, ~ ~ The foregoing instrument was acknowledged before me this 2~ day of c~c.~,~.~~t. , 19~ ~ ~ bY _ A~FRED E. TIRRACCINE AND EMOGENE J. TIRRACCINE, HIS WIFE • • - ~ - . ~f f~ NOTARY PUBLIC, State of ~i6~ at Large ~ . . _ t' • , . • GP.t't. A~i _v S.~nRT - My ~imission expires: ~ ~otary i'cbt=c t_~ th~~ :.i.:! : c:f t;cw Yar~c MOi•:::C.°. COi3 : ~ *I. Y q - Qomm3sciuo L•':pir~~~, 30, 18g.i ` . t ~ 833692 ; a ~ ~37 su~ 30 P 3:48 - 5 ~ D~~U~ ~ ` , , ~ ;i` . U. S, tITLE SECURIT`r Gt~. S'• pn puthorized TiCOR A~~~t~ 'freawre Coasi T~vrar, ~ /~Q llll South Fed°rai F~ighv,aY BOOK ~~V PAGE 954 Stuatt. F~orida 33497 . ' Tel. (305) 288-155A . ~ SF-8854-2 (Rev. A• 3/88) ARM II 8 IV • Part 2(Fla 4 O~ 4 i . '3~'~..~-y..~xcs~ + C°: . . .