HomeMy WebLinkAbout0916 (28) Futuh Adwna~s. lt It furtfier oovenarltad aAd aQr~sd qy ths p~Alea hsreto that thts Mart~ape also ~ecu~ea tho paymAnt ot and
I~cludss ail futura or furthe~ ~dvences ~a msy be n?~ds by the lsnde~ to ~nd for the benNtt d the Borrorv~r, Re Mirs, psrson+l rspreaant-
athroa or aasi~~ wlthtn twenty(~0) y~ra trom the date herwt. orwithin auch leaser psriod ottime ~s m~ybe provided hs~~afterby law ai a
prerequiaite for fhe auf(ic~emcy of sctw! notics a rscpM notlce ot fhs opilon~l futuro or additlonal advanwa ss a~alnst ths riqhts of ,
creditors or subsequent purchasero tor valuaDla conaWeratton The tote~l amount d Indebtsdnea sscured by this Mort~a~s may dec~ea~•
or increaae trcm tlme to time, but ths totei unpald bslance so sscured at any one time ahall not exceed the maxlmum p~incipa! sum of
s 9'd ~ 000 • 00 , ptus Intsroat tt~erao~ end any and all dlsb~aements me~ds tor the paymeM of laxeq lavlsa or ineurar?ce on ~
ths p~operty covered by the Nen ol thta Mo~tQafls wRh interee! on auch disburasmsnts at ths rotss apecified In the Note rete~red to in thia
MO~QOQa. $uCn iun~oP oi i~iiu~6 acivuiri:oa a~aii b'v w~i'ivit`~ t'~3t,w a~:;3: ~,rtd #hs eame shatl bear interest at the ume rate as
specHied in the nots reie~~ed to harein~ unless end until said i~te~ost rete shali ba modHted by aubasquent a~~eement Any suah ~!~±!a or
tu?theradvances whlcfs may be mede by tAe Lender to s~d for the beneHt of the 8orrower~ Its heira pers4nel reproaenteiNes or aesl~na~ In
aocoMance with thfa paraqraph ahall be aecurod by thls M4rtqaqo to the aame extent as H such future or fu?iher adva~ces were made on
the date ot the sxecution hereof, irrespective of whethe~ the nots and Murt9aqe aro In defeult orvrhether the note Is past matuNty and la
dus and payaWe.ln Its entirehr.
(29) Notico to Borrow~~. Any notice to the Bonower piqvWed ior in tha note o? thta Mortqafle shall be deemed qiven when it Is ~
depoaRed in the Unfted $tates maf~ postage prepatd addreased to tho Borrower at the address oi the 8orrower as it appearo In lends~'a
neoordspe rtaininp to the loan svidanced by the nots at the time notlce is ~iven.
(30) (i~n~nl Provislons. Thls Mon~aqe appliea tq Inuros to the beneNt o~ and bl~da all partiea hereto, thetr helrs, lepatee~
deviseea? administratoro, executoro, successors and asebns. (b~ The tenn "~ende~' ahalf inean the ownerand holder(IncludlnQ a plsdpee)
of ~ny note seCUrad hereby, wholher or noi named as Lender hereir? (c~ Wherever the context so requires, the maacuNne yender includes
the femintne and neuter, the ainyular numbe~ includes the plure~and vke versa. Captlons and paragraph headlnya used herein ara to~
oonvenlence ony, a~s not a part of this e~reement ~nd ahati not be uaed In conatruln9 tt
~a~l j AOjYii~D10 NaT~ Mp1iQa~~ ~pliisl'vni. i
Ti6 ie'viv :.iin.;, :~.w :.+~.:y:.y'-, 5=~25eea is~n•~ ~^`-'.~:Ie~1S WhICh p6ff111~ (hCf88888
and decreaaea to tha rate of Inte~eat provided in the note on a monthiy beais; increases and decreasea to the monthiy payment of
principat tnterest on a yearty baaia; (c) a itmitatbn on incxeases end decreasea to satd monihy payment amoun~ and (cQ increaaea In the
outstandlnp prlncipai smount due an the loan. Reterence is made to eaid note fo~a comptete desc~iption of the adjuatable ~ate terma ot the
indebtedness seCUred by this Monqaga -
(32) AKom~ys F~,~s. Aa used in this Mort~ege and In the hote "attorrteys feea" shal! Include attorneys Iees throuphout all appeale.
(33) 8ocuHry A~ro~m~n~ Thia Mortpafle shall alao constltute and senre aa a'Security A~reemenY withtn the meanin~ of and shall
craate a secuHty Interest under Fiorida'a UnNorm Commercial Code, the aecured party be(~ heretn refemed to as'Lender and Deblor
betnfl heretn refe~red to as'Borrower.' Tfie 8orrower ag~eea to snd ~hall execute and dellver to the Lender auch "Financinfl Stetements'
and auch fuKher asaurancea as the Le~der may~ (rom time to time, conaider necesaary to create~ periect and presenre the Lendere Ifens
up~n ali rents, Insunnce proceeds~ eondemnation awarde, and other peraonal property heretn descrtbed and elt additbna~ sub3tftutio~a,
replaceme~ts e~d acxesatons theretos and all proceeda of its or their sale or oiher diapoaitbn. The Lender, at the expense of the Borrovrer,
may cau8e auch Financing Stat~menta and asaurances to be recorded and rerecorded iiled and refited. and renewed orcontinued~ at such
timas and placea as may be required or permitted by law to create. peHect and preaen?e auch iiena. In the event the Borrower fetla to
promptty execute end retum tc the Lettdar such FManclnp Statements aa the ~ender may requlre to create~ preserve and perteCt its lien~
the Borrowar shall and doea he~eby dealgnate the Lender to ect as the Borrowers ayent tor the aole and timited purpoae oi executing such
~Inancinq Statementa and any auch execution by the le~der pursuant to th(s Aflreeme~t shall tie eifective and b~ndinp upon the 8orrower
as though executed ori~inally by the Borrower. The BoROwers desipnation as apent hereunder ahall not ~e subJect to revocatbn until the
note is pafd in full The Lendar shall have aii the riflhta, with respect to all property encu+nbered hereby, afloMed to the Lender under the
Florida Unitorm Commerciel Code in additbn tos but not in Itmitaibn oi, the other rights afforded to the Lender by the Mortgage. Any aftar-
ecqulred personal property or fixturea used !n connection wni~ said prope?ry ahaii ~ encumbared by the Uen of thts Mortpage,~and if
. appropriate or desired by the Lender, new Ftnancing Statements cover(ng the same shall be executed by the BoROwer and forwarded to
the Lender with the coat of reCOrding same.
' IN WlTNESS WNEREOF, BORROWER has executed this Mortgaga ~ 1
j {
i
Signed, sealed end delivered In the presence ot
/U~,?oxc.~ y ~,cv~,o~ ~ ~ ~
, (SEAL)
_ WITNESS J IN A. MW TE ,
• I ~G~~/~1GL~
(SEAL)
WITt~ESS DCRIS l.. ~iITE
LOAN t~10. 835214-8
STATE OF FLORIDA
SS
~ COUNTY OF S~. Cu C~ ~ ~
The foreyoUg instrument was acknowledged betore me this day oi IV OV Q y+ g~ 7 ,
bY
Jl1~TIN A. ii~llYE ANU DORIS L. i~M~ITE, HIS WIFE ~
~~'Y ~ q `.~.l~~i
NOTARY PUBLIC~ State of Florida at Larga
~ ~581~1
My commission expires: r;;TaPY P{}g;iC 51~TE Ci fl~RjDA
NI CCx~isSt01 EYP ~ulr ~7~ 197~ ~Q7 ~ ~ ~ ^ ^ _
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EGFi~ PAGE ~a.~ ,.ORY SOUtHF~ ~ZIDA 3 50
SF-aBSI~? (R~v. A• 3/86) AAM N i N- Part 2(FU 4 ot 4
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