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HomeMy WebLinkAbout0557 . _ _ . . _ . _ . _ . - • . _ ~ ~ ' , . . e • • j ~ ~ ~ . ' ~R rOli~r Oy13~ ~O Ol~O ~dR~dQ ~1' O~Dt• ~l~ Ot ~ ~j~~ ~tr 01'3~~~ N01~1~ Zi01~Yb~~ ~ . ` . ~h t.b0 ~~tt ~t. ~O ~AaU Y~~L ~0 MD3'~~$'~ ~1rMl ~i0 0~01~ ~ ~R~ ~ tb! ~ p1~OSA Ot t`SDM03~0~ 01~19s' ~!9 0= ~01i ~1~~ Oi' ~ 0O4~~t'1~ t.io~ o! 3~p~ovare~ts ~a~/or additia~a to asiating bailydings, tbs 11p ~cpa~saa~jr i- a~rNa to dpposit vith ths 2+iprtgags~ ~ an e~aunt o! a~u~r Kwil to t~s bs- twsn t~rs n~~E po~oaeeds o! ~hs lom and tt~e total e~unt, . aa dsts~sined b~ tb0 lrf~i"t6age~~ rscluirsd to lVtlla? oo~plets said oonstacuati~on ~ 3a aaootd+~u?oe vith tba plans aad apsaiti- ost3~o~ns Lerstoibre au6sitted bp? t.bs t~artgagor e~ad epprotrod b~ tb~ M~rl~gagss. 3al,d emouat o! aoney toget~sr with t~s as~ proceeda o~ t~hs loat~ ~sball b~ plsosd b~ tbs Martga~g~se in c~Loans 3n ~aeea Aooount~ ia ths aa~s ot tb~ M4rt~g~gor, aad ~6s se~s . s6s]1 be used bar t.he ~brtgegee to pe~ tbs ooet,a, aha~rgea abd ss~enaes inanrrsd in : ooAOSOtioa ~+ith said oonat~nbotion. Tt is ~er that in t.Ls e~r~eat saLd oar staru~ot3ron ia a~ot itiilly oompS,etsd on or bei+os~a t~hs a~'!~r t~s d~ats ~rs- o! in acvordaaoa with said pSaas and apeoiriost.3,oAS, or t.~s e~r~ea~t t1~st t!a vork on ~ ~ asid oonstruot3oa stia].1 oeaee betbrs i1~7.1. oo~l,eta,on and ana6 osasst.3ron ah~,tl oant~ws _ ~ !br s period o! iiPtsen (15~ depro, or if sv~bstantiel oont3~tn~oua progrees abesl not bs ~ds ia suah conatruation, t~sn end 3a ao~ a~oh even~, tha ea3,d ag,6~~ P~~ oipa3. aad 3a~ereat, mesttioaed in eaid pso~iaeort r~ts, aud all a4niss esoared l~ers~, a~]l beoama due ead peVable tbrt~hirith, or tbarest'Ees~, at l~ha op~3~on ot' aaid Nort- . gag~ee; aad in t,2~e ev~ent o! aucb cee~st3An o! vork vpoa asLd oonst~x~ot,i~on ibr a perirod o! littee~n (ls) dqys, or i! subetant.i,al oantinu~ous p~ogi~oas she~ll not be seds 3a suah oonst~ruuct~3oa, as atbreeai~d, t.be 1+Iortgagee a~r at its op~ipn, enter 3ato and upoa t~e ac~"t6a6ed Pat"eod.see a~rd ooeplete said oonstaruatioa ia a~wh aanaer ss it d~ee~s a~dvisablrs vitbout aqy 3aterterenoe l~oa the Kortgagor; the eai~d Nortgagor hsre6~ 6iv3n6 m~d . 6~~6 ~ t?~e Mort.gagee ib]1 poti?er and aut,I~rity to ~ie~los euoh entty lato aad npoa said ~os`tgaged p~e~isea! to enter 3ato suah ooatreats or ar~caageveuta ss ae~ bs neces- ses? to oo~plete said oonetruat~on, aad to espend aqT ao~nirsa reas3ining in its Ls~ds in said ~Loms 3a Prooesa Aaooutzt" aad in a~iditiroa aqT stms o! ~eo~neT neoeseaty to - oo~oplete aaid oonstar~ot3~oa; and ac~y ead all ~ooniee eocpeaded bp? t~e l~ortgagee 3n oo~r ' neatiaa vith suoh oo~mpletioa o! c~onetruct,3,o~n 3n eocoeaa o! the mon3,ea ia aaid xLoane . in Proceae Aaoountw ahnl]. be edded to tLe-said p~iacipal dobt aad sball drav 3mterest at t1~ rats psovicled ia sa3d p~omiaeor~ nots, end ebal.l be esaured ~ this liart8~ s end sha]1 bs peyable by ttie Mortgagor oa d~emand. ' ~ Uo. 22 bslaw aalaaovl,sd~eat on 9 Ls~eol. . ffi IiTT~iB~3 ~F, t.Le aaid l~or g~ag~or Leretaato eete hie Lsad and aeal thia ths t de~ aad y~sar lirst abov~a vritten. . " ' BI~88 C1Q~CH, I1C., a . vered in tbe Presenae ~ s pa~o :Lorida oorporat,i,oa~ . ~ - • le' . . ; , _ Ltte~t: ' ~sg~ly~ ; . • a/ . ~ :~..r~_ ~ ' r" t i A rr~ ' V~ • . ~ t0i 1 ~s ~ ~ s~a o~ ~r~oam~? ) . ~ , ~ c ~ ~ o~ o~~ , - ~ ~ _ ~ . . ~ ~ Herore ~e Perew~nll~ dPQeat~d ead . ~ , hia vite, ~to me lmova to be t2~e p~srsona. desoribed in and ~ ~ w~ ezeauted the fore~oing 3nstrweent, aod aolmavledg~ed betors ,e tbst t~e~r e~eecuted • the seme !or tl~e purpo~sea tl~ere3n e~cgreaeed. , YTTAE.S9 ~q hnnd end oi~!licisl aeel tbie cl~qy oP 19 . ~ . ~ ~ . . - ~ Hotar~r Public, 3tste o! Pl,os~3~d~s at Le?rge : - I~jy eommiae3~on eocp3res: ~ { , f j . . ~ . , o 1 • . ; ~ • , . . • : ; ~ ~ ~ . ~b~~ ~ ~ ~3 ~ ~ ~5~ . . _ . - - _ - - _ - _r