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Home My WebLink About0991 (28) Futu?r Adva~c~s. It is tu.l~he~covenanted and aqroed by ths ps?tles heroto thet thla Matqafle aiso secu~es the pey,ment of and inciudes all futura or funher edv~nces as may be msds by ihe tender to and for ths benetit of the BoROwor~ Its Aelre, personal represent- ativea or asai~na~ within twenty(20) yearo t~om lhe date hereof, ot within such leaaer pe~lod ot tlme as may bs provided ho~eafter by lav~ as a pre~equlsite o~ the suHidency of ectual notice or tecord noNce of the optlonal tuture o~ additional advancea se apainst the ~tphta of creditors o~ aubsequent pu~chesars tor valuable co~sideration The total amount oi Indebtsdneaa aecu~ed by thia Monqa9e may decrease or increase irom time to time, but the total unpaid balance so secu~ed at any one ttme ahali not exceed the maximum pn~cipal sum of s 57, 600.00 ~ ptus Interest ihereon a~d any and all disbursements made fw the payment of taxea~ leviea or (nsu~ance on the property cove~ed by the Ilen of this Mortga~e wfth Intereat on auch diabureementa at the retea specMied in the Note reterred to In this ~ Mongaga Such tu~ther or future edvancos ahall be vrholy optionai wNh the Lender and the aame shall bear Interest at the same rate ea ; specHled in the note ~etened to he~ein, unleaa and until aald Interest tate shall be modltled by eubsequent ay~eement Any auch future or turthe~ advanceawh~h may be made by the Lende~ to and for the beneHt ot the Borrower, its heira~ personal representatives or assigns. In ~ ~ accordance wlth thia para~~aph ahall be secured by this Mo~tga~e to the aame extent ea if such tuture or turthe~ edvancea were made on ' the date of the execution hereof, irrespective of whether the note and Mo~tgage are In default o~ whether the nate is past maturity and ts due and payebie In its entirery. ~ (28) Notlc~ to 8orrow~r. Any notice to the 8onower provided for in the note or this Mo~tflafle shall be deemed given when it Is deposited In the United States mef~ poatage prepelc~ addresaed to the Bonower at the address of the Borrower as it appears in lenders = rec:ords pertaining to the loan evidenced by tAe ~ote at the time notice is given ~ (30) D~ns?sl Provisions. This Mon~age appUes t0. inu~es to the benefit of, and binda ell pa~tiea hereto, their heire, legatees, devisees, adminiatratore. executors, succeasors and assig~s (b) The temn"Lende~' shall mean the owne~ and holder(including a pled~ee) ~ of any note secured hereby. whether or not named as Lender hereiR (c) Whe~ever the context so requirea the masculine gender Inctudes the teminine and ~euter, the singular number includes the plura~end vice versa (d) Captions and paregraph headings used herein are for s oonvenience ony, a~e not a pa~t oi thls agreement and shall not be used In construing if. 3 (31) AdJustable Rete Mortqs~~ Provislons. The note which this Mongage secu~ea contains provisions wh~h permi~ (e~ increases and decreases to the rate of intereat provided in ihe note on a monthty basis; tt~ increases and decreases to the monthly payment of _ j principal inte~est on a yearly basta; (c) a I~mitation on tncreases and decreases to said monthly payment amoun~ and (c~ increases in the s outstanding p~incipal amount due on the loan. Reference is made to said note for a complete desc~iption of the adjustable ~ate terms of the tndebtedneas secured by this Mortgaga ~ (32) Attomeys Fses. As used in this Mortgage and in the note "attorneys tee~' shall include sttomeys fees throughout al! appeals (33) SecuHty A~rosmsnt. This Mongage ahall also constitute and serve as a'SecuNty AgreemenY within the meanirtg of and shall ~ create a security interest under Flo~ida's Unfform Commerciai Code, the secured party being heretn retened to as'Lender and Debtor being herein referred to as'Bonower.' The BoROwer agrees to and shall execute and deliver to the Lender such "financing Statements" and such further assurances as the Lender may, from time to tim~ consider necessary to creste, perfect and preserve the Lenders Ilens § upon all rents, insurance proceeds, condemnation awards, and other personal property herein described and all additbns, substituti~ns, ~ replacements and accessions the~eta and all proceeds of its or their sate or other disposition. The Lender~ at the expense of the Borrower, ~ may cause such Financing Statements and assurancesto be recorded and rerecorded tiled and refilec~ and renewed orconttnued at such ~ ~ times and places es may be required or permitted by law to create, pe~tect and preserve such liena In the event the Borrower fails to ~ promptly execute and ~eturn to the Lender such Financing Statements as the Lendar may require to create, preserve and perfect its Iten, : the Borrower shell and does hereby designate the Lender to act as the BoROwers agent for the soie and limited purpose of executing such ~ pinancing Statements and anysuch execution by the Lerider pursuant to this Agreement shall be effective and binding upon the Borrower ? as though executed originally by the Bonower. The Borrowera designation as apent hereunder shall not be subject to revocation until the • F note is paid in fulL The Lender shall have all the ~ights~ with respect to a(I property encumbered hereby, afforded to the Lender under the Q Florida Uniform Commercial Code in addition to, but not in limitation of. the other rights afforded to the Lender by the Mortgaga Any after- • ~ aoquired personal property or fixtures used in connection with said property shall be encumbered by the lien of this Mortgage, and if f appropriete or desired by the Le~der, new Financing Statements covering the same shail be executed by the Borrower and forwarded to the Lender with the cost of recording same. f~ IN WITNESS WHEREOF, BORROWER has executed thts Mortgaga : s Signed` sea and delivered in e presen o. ~ ~ ~L/ ~ - ~ - ~ ~ (SEAL) h WI S E. C~iARLES SEITZ ~ . . r ~ v (SEAL) ~ 'I1~SS PATRICIA A. SEITZ IAAN N0. 815919-6 ~ ~ ~ STATE OF FLORiDA f SS ~ ~ COUNTYOF .5~. LI.cC~e ~ The foregoing instrument was acknowiedged before me this day of u q u S f . ~ 9~~ ~ J ~ bY E. (~iARLES SEITZ APID PATRICIA A. SEITZ, HIS WIFE ' ~ ~ . ~ : ~ ~ _ " , s~ ~,u~ ~c~ ~ NOTARY PUBLIC, State of Florida at Large . - . ~ r~' , w~ ~ I;y••:4`~~_ _ ~y' - . h{y CQmrp~ssi¢h @x~if@S:- ~ _ ~ . r, - • . . . , •ti _ 69TIeY p ~gtlr Si~ ~ rr ~,r.r tpa . _ • ~ - , , , ' Nl ; :r~ J~:`• 17,!3iJ J ~ 8.~)%i.:G ~.er._ ._'~_%~nl I;i~. U1~). ~."'~t . 84~883 '87 Al~ 19 P 2 :19 FIRSf ~~`~iE~IC~!1 TIT' E C`11,~P:iif ~FILEi: ' ~ . . . CF S?. t.~~~;~E ~u'!':Tl'. ;',C. ~DUC,_i~. ' ~ U:l: :~u•::{ 2;~ Si~E'tT ST. Lt~~ ft:,;, o'.. ,:L ~ L~~.._.^, <<:~rJ, ~ , Sf•8854-2 (Rev. A• 3/86) ARM 113 N- PaA 2(F4 4 of 4 DMOK i~ ~~'_S _ _--~~r~_L - - ~i