HomeMy WebLinkAbout0933 ~~c~~3~v a~r~-•
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18. Futura IWvanCes. This Mortgage +s given to secwe not only existing indebtedness, but also such tutute adwances,
whether such advar~ces are obligatory or are to be made at the option of Mortgagee, or othervvise, as are made within twenty
years trom ihe date nereof, to the same extent as il such tuture advances were made on tt~e date ot the execution oi this
Martgage. The total amount of indebtedness that may ~e so secured may dec~ease or increase from t+me to time, but the
total unpaid bala?ece so secured at one time shall not exceed twice the maximum principal amount now to be advanced under
the Agreement, pfus intc~rest thereon, and arry disbursements made fa the payment d taxes, levies a insurar~ce on the Mortgaged
Property, with inierest on such disbursements at the Default Rate, as hereafter defined.
19. Obligatia~ of Mortgagor. Mortgagor sha!! pay the cost ot releasing or satisfying this Mortgage ot record.
20. No TFansfer. tt is understood and agreed by Mortgagor that as part of the inducement to Mortgagee to make the
loan evidenced by the Agreement, Martgagee has considered and relied on the credit worihiness a~d reliability of Mortgagor.
Mortgagor covenants and agrees not to se!I, cor~y, transier, lease or turther encumber any interest in or any part oF the Mortgaged
Property vsrilhout the prior written consent of Mortgagee, and any such sale, corneyance, transfer, tease or encumbrance made
without Mortgagees prior written consent shatl be wid. li any person should obtain an interest in a!I or any part d the Mortgaged
Property pursuant to the execution or enforcement d arry ~en, security interesi or dher right, whether superio~ equa! or subordinate
to this Mortgage or the lien hereoi, such event sha!! be deemed to be a transfer by Mortgagor and an event of de(aull hereunder.
2t. Default Rate. The Default Rate shaU be ihe highest rate permitted by applicable law. f
22. Changes to Mongage. All changes, alterations, detetions or additions to the substance d a~y paragraph in this Mortgag~ '
which have been agreed to betw~en Mortgagor and Mortgagee have been initialed by Mortgagor as additiona! prooi ot s
Mortgagor's consent.
23. Use of Borrowings. Martgagor represents and warrants that none of 1he funds now or hereafter borraved under
this Mortgage and the agreements wt?ich it secures will be used to finance or refinance the acquisition of any 1 to 4 family
dwelling (ncluding a condominium unit, cooperative housing unit, or a mobite home) mortgaged hereunder or under any
other agreement with Mortgagee. Mortgagor indemnities and holds Mortgage~ harmless irom any and all loss, liabiliry, cost,
or expense arising (rom arry bteach of the toregoing representation and warranty.
'24. A~ddttionai Paragraphs. tn the event Mortgagor and Mortgagee agree to turther covenants in this Mortgage requiring
an additional paragraph or paragraphs, such paragraph or paragraphs shall be attached to this Mortgage under the heading
oi "Rider" and shall be part oi this Mortgage as if sei out in full herein.
IN W{TNESS WHEREOF, this instrument has been executed on the date first above written.
Signed, sealed and delivered
in the presence ot:
8'72531. ~ .
'8B FEB -5 P 2 :59
n Weber
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~OUGLA~ ti1!i.~ J~~_ argare . Weber
C R K.
ST. LUCI~ r~: ;•f? i~ (Affix Seal if
Applicable)
! STATE OF FLORIDA )
i
` COUNIY OF ST. LUCIE )
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The foregoing insirument was acknowledged before me this 25th day ~ January, 1988,
Alban Weber and Margaret K, Weber, his wife ~
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PREPARED BY: ~~z,~~ -
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i Barnett Bank of St. Lucie County Notary Public, Siate of ~lorq~a-a~?Lafge
East Fort Pierce Office - ~4`,~~y - •~Y.:
i 2421 Sou th U . S . ~ 1 ; , ° ~ f9~r': ~
For t Pierce , FL 34982 My Commission x r n~ ~[~tB~e hL :
~lota?rY Publ~. S~~~FlO r~ ~ 19~ I
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MY ~m;ssion Ma . ~
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'This paragraph must be comp!eted prior to executing this Mortgage.
AA pre+~ous ed:t:oru are cDSae'e • 1i4221 Rev Nov 86 (09r~
. goox v~ce
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