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Home My WebLink About1788 E?1, ~2~ ~ 13:~9 GIJNSTER-~Oi.A E~-1 mortgage indebtedncss unclez the terms of this inatrument inr.ludinq, but not limited to, accrued interest, tuture advances, edv~ncea for real estote taze~, insurdnCe, attorneys' f~es and costa and other ~dvances to presarve or protect the Mortgaged Properky and tt~e Mortqaqee~s secuxity in~erest thorein (ell of which are collectively refatred t0 herein ~S the "6ecured Indebl.e~ness"), the entire Secured Indebtedness b~ing equally secured with enA having the same priority as any amoun~s advanceed on the date hereOL. Section 1.3 Futu~e AdYencgt~ It id agreed that any adc3itional 3um or sums advanCCd by thc then holder o£ tti~ Note to or fOr the bPnefit O! the Mortgagor or the Martgagor's permitted assigne~s, whethet Such advanccs are oblig~tory ur are made e~t the option of the Mortgagee, or otherwise, at any time withfn twenty (20) yeat3 from the date of this Mortyage, with inter@St therPOn dt the i rate agreed upon ~t the time of each addiCional loan or arlvancc, shall be equal~y secured with and have the same ' priority as the oriqinal indebtedness and be subject to all of i the terms and provisions of this Mort9age, whether or not such ; additional loan or advance is evidenced by a promissory note of ? the borrowers and whether or not identified by a recital that it is secured by this Mortgaqe; provided that the aqqregate ' amount of princxpal indebtednesa outst~ndinq and sa secuced at any one time shall not exceed the sum of EIGHT MILLION DOLLARS (~8,00O,OOU), plus interest and disbursements made for the ~ payment of taxes, levies or insurance on the Mortqayed Property ~ with interest on such disbursements. It ia understood end ~ agreed that this future advance provision aha~l not be ; construsd ta obligate the Mortqagee to make any such additional ~ loans or advances. It is furthet agreed thet any additional ~ note or notes executed and deliver~d under this future advance provision shall be includecl in the words "Note" or ~'Secured ~ zndebtedness" wherever ei~her appears ~n the contezt of this ~ Mortgage. The Mortgagor, for itsolf and its successors in ~ title ana ita successor~ and permitted assigna, hereby F egpressly waives and relinquishes any rights yranted under ~ Section 697.04 of the FloriBa Statutes, or otherwise, to limit khe amount of indebtedness that may be secured by thi~ Mortgaqe at any time durinq the term of thia Mortqage. The Mortqagor further covenants not to File fvr recore any notice limitinq the m~gimum principal amount that may be secured by this ; Mortgage and a9rees that any such notice, if filed, shall be null and void; and except as hereinafter provided, of no ; effect. In the event that, n~twithstandinq the foregoing ~4 covenant, the Mortgagor or its successor in t~tle Eiles for ~ record any nokice limiting the mazimum principal amount that n ~ may be secured by this Mortgage in vi4lation of the foregoing e .w~ 3 ~~75 PaGE178$ ~ s ~ ~ 1~ ~ ~ ~.~.~~.;w~.~ ~ ~r~