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Home My WebLink About0982 (28) ~uturs Advances. it la turthor covenantecl and sgrt~+ad~by s partl~a hereto that it~le ti°ortg~q~ aiso s~cures the paymant af and . Includes aN tutu~e, or turther advancea ae may btt made try the Lender to and (or tha benefit ~f the ~orrower, fta hefra, portonai re~present- ativ9a ar asai na, within twenty(20) yearo t~dm the dat~ hereot, or withtn su~h lease~ periad o! tima as may be pravicied heraatter by I~tw as a prerequisite ~d~ ih~ suNiciency ot actual notice or ~~~rd notice ot 1he opttpnal future pr additionel edvancea as egalnaE tha Hghta oi creditora or aubaequent purchasers tor valuable consideration the totel ar~ount of Indebtedn~a$ secured by thle Mortflape may dec~~a~ ~ o~ Increas~ from time to tima, bVt the total un~aid balance so secured at any one time shall not exceed the maximum principsi aum o( s I 1 b~ 800.00 , p~us Intsrsst thereon and any and alt dlsburaementa made tor the payment of taxes, leviea or Inaurance on the property covarad by the Ilen of thia Mortgafle with interes~ an such dtabu~sements at tha rates speciiled In the Note re(ened to in this Mortgage. Such further or future advances shali be wholty optional wftt~ the Lender a~d the same ahall h+aa~ Intereat at the same rate ao speciiled in fhe note reter~ed to hereln, unless and until eatd interest rete shall be madfiled by subsequent agreamont Any such future or further advances which may be made by the Lender to and tor the beneiit of the Sorrower, its heire, parst>nal representetive~ or as~igna, in accordance with thls pa~agraph shall ~be secured by thia Mortgage to the same extent as ~t such (utura ar turther e~vances were made on. the date of ihe executian he~eof, Inespactive of whether the noto and Mcrtgage are In default or whether the note Is past maturity and is ~ due and payable tn Its entirety. ~ (29) Notlce to Borrow~r. Any notic:e to the Borrower provided tor In the note or this Mortgage shall be deemed given whan it is - ~ deposited In thA United Statea m~,i~ postege pr~paid, addreased to the Borrower at the addre~s oi the Borrower as it appears tn Lenders ~ y records pa~alnlnQ to the loan evidenced by the note at the tlme notice is given . ~ ~ (30) t3~n~~al P~ovltlons. 1'his Morigage epplies tq, tnures to the tZene(it of, and binds all parties heratq, their hetrs, Isgateea, devisees, adminlstrators, executors, successors and assigna (b) The term"Lender'shall mean the owner ant! holder(inciuding a pledgeej ? of any note secured hereby, whether or not named as Lender herein (c) Wherever the context so requires, the mascuiine gender includes , ih~ feminine and neuter, the singular number inciudes the plura~and vice versa. Captioris and paragraph he8dings used heretn are (or conventence onty, ere not ~ part of thls eg~eement and shall not be used in construinq it ; (31) Adjustabl~ Rata Ma~ts~~e Provision~. The note whtch thls Mortgage secures contains provtslons whtch ~rermit: (a~ ti~creases t~:,~f, and decresses to the rate oi intarest provided In the note an a monthiy bas(s; (b) tncreasea and derreases to the monthly payment of principal interest on a yt~a~ty basis; (c) a limitation on increases and decreases to said monthly payment amount; and increases in the outstanding principal amount due on tha loan. Reference is made to sald note for a complete descriptic,n ot the adjustable rate te~ms of the in~ebtedness sscured by this Mortgage. ~ (32) Attorneys Fe~~. As used in this Mortgage and in the note "attorneys fees° shail include attorneys Iees throughout ait appeals (33) S~cu~Ety ~l~rsem~nt. Thls Mortgage shall aiso constitute and serve as a'Security AgreemenY within the meaning ot and shall create a security tnierest under Florida's UnNorm Commercial Code, the secured party being heretn ~eferred to as'Lender' and Debtor being he~e~n referred to as'Borrower.' The Borrower agrees to and shail execute and daltver to the L~nder such "Financinfl Statementa" and such ~~the~ assurances as the Lender may, from time to time, conslder necessary~to create, perfect an~t preserve the Lende~'s Ilens upon a' ~ ants, insurance proceeds, condemnatton awards, and othe~ parsonal properry herein dascribed and ali s~dditlons, substitutions, replacements end accessions thereto. and all proceeds of its or th~ir sale or other disposition. The Lend~r, at 4he expense of the Borrower, maycause such Financing Statements and assurances to be recorded and rerecorded filed and reilled ~nd renewed orcantinusd at such times and places as may be ~equired or permitted by law to create, perfect and praserve such Ilena In the event the Borrower fails to oromptly execute and rQturn to the Lender such Financing Statements as the l.ender may reyuire to create, preserve and perfect its ilen, the Borrowershall and does hereby designate the Lender to act as the Borrpwers agent forthe sole and limited purpose of executing such : Flnancing Statements and anysuch execution by the Lender pursuant to this Agreement shai! be effective and bt~ding upon the 8errower ~ as though executed origlnaly by the Borrower. The Borrowers des(gnation as agent hereunde~ ahall not be subject to revocation until the note ls pafd In fulL The Lender shali have all the rights, with respect to all property encumbered hereby, aHorded to the Lender under the r Florida Uniform Commercial Code in additlon to, but not in Iimitation of, tha ~ther rights aHorded to the Lender by ihe Mortgage. Any after- acquired per3onal property or fixtures used in connection wiih said praperty shall be encumbered by the Ilen of this Mortgage, and if appropriete or desired by the lender, new Financing Statements covering the same $hall be executed by the Borrower and torwarded to . the Lender with the cost of recording same. ' . IN WITNESS WHEREOF, BORROWER has executed this Mortgage. ~ Signed, sealed and delivered in the presence o~ ~ t ~ - ~ ~ ~ ~ ~ ~~u O.h-F- ic-~J~._ _ (SEAL) W I TNESS DONAI. U P. ALBERT . ' ~j "~.Z "-y+ ~ Q~~-~-~ (SEAL) - W I Tl~icSS NL~RfttA E. ALBERT L~~AN N~~ ~4929l-4 STATE OF FLORIDA _ . SS ; COUNTY OF ~ • ~ f The foregoing instrument was acknowiedged before me this aY` ~ day of ~r.-E ,19 , by i D~NALD P. ALBERT A(?!U NGRMA E. ALBERT, HI~ WIFE j~ ~ _ ` - \~.~.2~-c,~_._~'r-~_ ~ € NOTARY PUBLICti State of Fiorida at Large ~ . . ~ My commisaion expires: ~~~,?S ~a~ ~ _ 5 # 4 ' ' } i ~ • . / • ~~5314 ' ; . _ _ _ y~ , ~ _ ~7 ~ ~ . ~ - ~Z 1 ~ - ~ ~ :R 1 ~'L~D .p . s . ~O~GGAS ~l~ ~~~~~'~~'E~u ~ 'v}r ~f . - ~T CUc,iE ep~;: f ~Rt~ ; , - - ; ~ a R ~aGE ~c~ ~ BU~K SF•8954•Y (Rev. 8- 1QI87) AAM il Q N- Pari 2(Fl) 4 Ot 4 ~ F ~ . .......~~~.-.~.'Yp . . , ~l•'!~ ~'•3~'._ . _ "..+s3 ~ ~r_.~..'Y.'..'.'?~ss - . .