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18. Futw~t Adv~tno~s. This Mortgage is give~ to secure not oMy exlsting indebtedness, but al~o such luture advar~
whether ~ adva~ are obliaatory or are to be made at the optiUOn d Mortqapee~ or otherwise~ as are made within tweniy
years nom a~e aac~ ne~ea. co cne ~ame e~ern as ~ s~cn tu~~e ~d~a~cas w~ maae o~ n,e dace a ine e~ecx~~o~? a cn~
Mortgaga The tdal errbunt d indebtedness that may be so secured may decrease or if~ease from timme to tun~ but the
total unpaid balarxe so ~ec;ured et one time shall not e~aceed twice the maximum princtpal amouM now ~ be advanced under
the Agreement. Pius interest thereon~ end ary d~sbutsemer~ts mt~de for ttle pe~ymeM d ta~aes, feNies Cr it~N8rx~9 on the Mortgeiged
P~operty. with iMerest on such disbu~seme~ts at the Deiautt Rate~ as he~eatter defined.
19. Obifq~tlon ot Mo+rt~s~or. Mortgegor shaN pay tha cosi d releasing or satis~ying this Mortgage d rec~rd.
2p, No 7hrtsla. It is undersbo0d end agreed by Mortgagor that a~ part d the inducement to Mortgagee to. make the
loan evidenced by the AQ~eemer?t. Morl8a9ee has c~onsidered and relied on the c~ed+t w~orthi~ess and reliability d Mort9agar
Mortgagor oanr~ants and ~ees not to se~..cor~uey, trarule~ lease a turt~ enc~xnber ary imerest in or a~rtiy part d the Matgaged
Propetty without ihe prior written consent d Mottgagee, and any such sale~ cornre'yarx~ transier, lease or encumtxance made
pri
vv~hout MortOagee s pritx written cor~sent shaN be void. N arry pe+gon should obtain t~n interest in aM or ariy part d the Mo~tga~ed
Propecty pu~suar~ ~a ihe eoceixrdo~ or er~to~err~er?t d any Gen, secu~y i~ or olher rigM. whett~ auperioK equal a subord~nale
co this Morlgage or che Nen hereof. such e~eM sh~~ be deemed ro be a trar~ster by M«tgagor and an ev~er~t d default hereunder.
21. Detault Rat~. The De~auit Rate shail be the t~ghest ~ate permitted by appiicabie law
22. Ch~gnlo Mo~q~: AN c~?anQes, a~or~s? delations a adddor~s ~o the subslar~ce d any paregraph in tl~is Ma~Qage
Mort and Mort hav~e been initialed by Mottgagor as additional prod d
wh~ch hav~e been agreed to beMreen 9&9a 9a9~
Mortg~qor's consent. ~
2& tJs~ of 8arowit~. Mortgag6r repr~ts and warrants that ~ne d the funds now or hereafter borranred under
this Mortgage ar?d the ag~ee+ments which it secures wiH be used to finance or r~inance the aoquisition of any t to 4 ta~miy
dw~eNing (ndu~ing a c:ondomi~ium urit. cooperaGv~e housing unit, or a mob~e homa) mortgaged hereunder or under arry
othet agreement with Mortgagea Mortgagor indemn~ies and holds Mortgagee harmless from any and aN Ioss, liabilitY. c~st.
or expense arising from aur~r bfeach d the ioregoin9 rePr~eMation and warraMy.
•24. AdditiortM P~age'aplts. In the event Matgagor ar~ Mortgagee agree to further cavanants in this Mottgage requiring
an ad~tional,paragrra~ph or paragra,phs, such paragraph a paragraphs shall be attached to this Mortgage under the heading
of "Rider" and sha~ be part d this Mortgage as it set aut in fuU herein.
IN WITWESS WHEREOF, ths insUument has been executed on the date first above written.
Signecl. sealed and deliveted
in tl~e presence d:
Leonard I. Cottom, Jr.
(Affix Seal if
Applicable)
STATE OF FL~RIDA )
COUNTY OF ST. LUCIE ) •
The fo~egang instrument was ackna+~Aedged before me this 5th_ dey d ce^¢e~,~,or - t 987 ,
by i Pnnard I' Cnttem, .Sr
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. • ;~N~ . FiLEO At~:? ~t~` -
~ ~ QOTUGL A S ; ~ ; s j ~ J~:. My Commission Expres:
I
'~~J • S1. LUC~~ f'{;'j,; ~ E i:~ HICr:3Cll ?'t;:~:, ~~~~40 Cf ~~Gf)GJ 1 ~
r. ~ I
, - My Losrmissi~r: ExF'ues May 3d. 19~`~
~ .
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'This paragraph must be completed prior to executing this Mortgage.
. N aeha,. eaAO~s .n a~aae ,w22+ Rev Ho+ e8 me~n
PREPARED BY: Barnett Bank of St. Lucie County
Lake~rood Park Of f ice
5345 Sunshine State ParlcWay Feeder Road g00K 7
' ~ " ' ' ~ Fort Pierce, FL 34951
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