Common use of Future Advances Secured Clause in Contracts

Future Advances Secured. This Security Deed shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or to be made at the option of the Lender. Upon request of Borrower, and at Lender's option prior to release of this Security Deed, Lender may make future advances to Borrower. All future advances with interest thereon shall be secured by this Security Deed to the same extent as if such future advances were made on the date of the execution of this Security Deed unless the parties shall agree otherwise in writing, but the total secured indebtedness shall not exceed at any one time a maximum principal amount equal to double the face amount of the Note plus interest, and costs of collection including court costs and Reasonable Attorneys' Fees. Any advances or disbursements made for the benefit or protection of or the payment of taxes, assessments, levies or insurance upon the Property, with interest on such disbursements as provided herein, shall be added to the principal balance of the Note and collected as a part thereof. To the extent that this Security Deed may secure more than one note, a default in the payment of any note shall constitute a default in the payment of all such notes.

Future Advances Secured. This Security Deed Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or to be made at the option of the Lender. Upon the request of Borrower, and at Lender's option prior to release of this Security DeedMortgage, Lender may make future advances to Borrower. All future advances with interest thereon shall be secured by this Security Deed Mortgage to the same extent as if such future advances were made on the date of the execution of this Security Deed Mortgage unless the parties shall agree otherwise in writing, but the total secured indebtedness shall not exceed at any one time a maximum principal amount equal to double the face amount of the Note plus interest, interest and costs of collection collection, including court costs and Reasonable Attorneys' Fees. Any advances or disbursements made for the benefit or protection of or the payment of taxes, assessments, levies or insurance upon the Property, with interest on such disbursements as provided herein, shall be added to the principal balance of the Note and collected as a part thereof. To the extent that this Security Deed Mortgage may secure more than one note, a default in the payment of any such note shall constitute a default in the payment of all such notes.

Future Advances Secured. This Security Deed Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or to be made at the option of the Lender. Upon the request of Borrower, and at Lender's option prior to release of this Security DeedMortgage, Lender may make future advances to Borrower. All future advances with interest thereon shall be secured by this Security Deed Mortgage to the same extent as if such future advances were made on the date of the execution of this Security Deed Mortgage unless the parties shall agree otherwise in writing, but the total secured indebtedness shall not exceed at any one time a maximum principal amount equal to double the face amount of the Note plus interest, interest and costs of collection collection, including court costs and Reasonable Attorneys' Fees. Any advances or disbursements made for the benefit or protection of or the payment of taxes, assessments, levies or insurance upon the Property, with interest on such disbursements as provided herein, shall be added to the principal balance of the Note and collected as a part thereof. To the extent that this Security Deed Mortgage may secure more than one note, a default in the payment of any such mortgage note shall constitute a default in the payment of all such notes.

Future Advances Secured. This Security Deed Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or to be made at the option of the Lender. Upon the request of BorrowerXxxxxxxx, and at Lender's Xxxxxx’s option prior to release of this Security DeedMortgage, Lender may make future advances to Borrower. All future advances with interest thereon shall be secured by this Security Deed Mortgage to the same extent as if such future advances were made on the date of the execution of this Security Deed Mortgage unless the parties shall agree otherwise in writing, but the total secured indebtedness shall not exceed at any one time a maximum principal amount equal to double the face amount of the Note plus interest, interest and costs of collection collection, including court costs and Reasonable Attorneys' ’ Fees. Any advances or disbursements made for the benefit or protection of or the payment of taxes, assessments, levies or insurance upon the Property, with interest on such disbursements as provided herein, shall be added to the principal balance of the Note and collected as a part thereof. To the extent that this Security Deed Mortgage may secure more than one note, a default in the payment of any such mortgage note shall constitute a default in the payment of all such notes. The filing of any notice limiting the maximum amount that may be secured by this Mortgage pursuant to Florida Statutes Section 697.04 or otherwise shall be and constitute a default under this Mortgage.

Future Advances Secured. This Security Deed Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or to be made at the option of the Lender. Upon the request of Borrower, and at Lender's ’s option prior to release of this Security DeedMortgage, Lender may make future advances to Borrower. All future advances with interest thereon shall be secured by this Security Deed Mortgage to the same extent as if such future advances were made on the date of the execution of this Security Deed Mortgage unless the parties shall agree otherwise in writing, but the total secured indebtedness shall not exceed at any one time a maximum principal amount equal to double the face amount of the Note plus interest, interest and costs of collection collection, including court costs and Reasonable Attorneys' ’ Fees. Any advances or disbursements made for the benefit or protection of or the payment of taxes, assessments, levies or insurance upon the Property, with with, interest on such disbursements as provided herein, shall be added to the principal balance of the Note and collected as a part thereof. To the extent that this Security Deed Mortgage may secure more than one note, a default in the payment of any such mortgage note shall constitute a default in the payment of all such notes. The filing of any notice limiting the maximum amount that may be secured by this Mortgage pursuant to Florida Statutes Section 697.04 or otherwise shall be and constitute a default under this Mortgage.

Future Advances Secured. This Security Deed Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or to be made at the option of the Lender. Upon the request of Borrower, and at Lender's ’s option prior to release of this Security DeedMortgage, Lender may make future advances to Borrower. All future advances with interest thereon shall be secured by this Security Deed Mortgage to the same extent as if such future advances were made on the date of the execution of this Security Deed Mortgage unless the parties shall agree otherwise in writing, but the total secured indebtedness shall not exceed at any one time a maximum principal amount equal to double the face amount of the Note plus interest, interest and costs of collection collection, including court costs and Reasonable Attorneys' ’ Fees. Any advances or disbursements made for the benefit or protection of or the payment of taxes, assessments, levies or insurance upon the Property, with interest on such disbursements as provided herein, shall be added to the principal balance of the Note and collected as a part thereof. To the extent that this Security Deed Mortgage may secure more than one note, a default in the payment of any such mortgage note shall constitute a default in the payment of all such notes. The filing of any notice limiting the maximum amount that may be secured by this Mortgage pursuant to Florida Statutes Section 697.04 or otherwise shall be and constitute a default under this Mortgage.