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14. Thst if tLis mortra~e !s in oonne~ction nith rauldple coostrucdao Iwa fnaodn~ t~e Moetraste a~rea it r~rill releae lran t5e
Geu of tbii ~ortga~e any one or wore of tse lob dacribtd 6eran npun p~ymaat by tbe Mort~~,~or ot weL sum or ~uau w6ich mq ht~e
been sdwa~ced by Mort~a~ce on ~uc6 !ot or lob; provided, bov:e~er, ~hat the Mort~a~or 6af fuUy oomplied with t6e ternu and con-
dicioos of ~Se Conuructiou Loan A~reement betv.een the MoetQa~o~ aad cDe Mortgssee, an executed oopr of w6icL i~ in tbe pawnsim of thr
Mortaa~ee ~nd is incorpor~ted hereia by reference and made a part btraof; aay def:uit by Mort~a~vr under ~aid s~rtenoent ~htfl be oon-
aidered sa erent of defsult under this tnortga~e.
20. That che Mart~a~ar will oa c6r requat of the Mart~ages furaiah • written etate~aent of t!?e ~mount owin` on the obll~+ttiou w6k6
thu mortaa~e ~ecura aad therein ~tate whether or na MortQa~ar claims aay defenses or offset- 75entu.
21. That MortQagor will not permit aay other lie~a to be ~led a~aiwt t6e ~aid premise~ aad if anr ach liens are ~l~d,, whetha
par~AOSUnt or subordiaate to thi~ mort~e, Mortga~or will ha~e or uuse to be had ~aid lietu di~cbu~ed immediately.
22. Mortgtgee ~DaU have the riQ6t to char~e Mort~agar'~ ~coount wnth Moit~a~ce for tbe interdt and principal payable a pro-
vided ia che promis~ory note a such becoma due ~n accordance therewic6.
23. If the Mertgagre requesb, Mortgsgor 6ereby covenanb aad agtees t6at Mortgagor will fucaish the Mottgagee annuaUy from
the date of tAis mortgage in~trumenc, unleaa wme other date is agreed to bttween t6e partia ia wridng, a certi£ed audited financial ~ato-
ment of t6e Mortgagor and annual wmplrte operaang uatements of Mortgxgor. If c6e Mortgagor'~ ~ircal or calendar yesr t6a11 aot coiacide
with tbe date hereia epecified, t6en the date which tbe Mortgrgee shall specify ~hall be concrolling. Mortgagor shal! ~uppl~ Mort~aQee with
suc6 ot6er fiaancial atatemeod a~ Mortgagee m~q from ti~e to rime requeat.
24. Other provi~ione:
This mortgage is subjecti to tha Lorms, provisions and conditions of ~hat
certain Construction Loan Agreement, dat~d riay 21, 1961~, entered int~ between
tho mortgagor and the mortgagee herein and said Cons~ruction Loan Agreament is
by referencQ incorporated herein and made a part hareof. Said Construction
Loan Agreement is availabls for inspection by all parties in intorast at the
office of the Mort;ageo herein.
. , .~'l,.
1N WITNESS WHEREOF, t6e biortgagor haa exrca.trd these presenta undcr eeal t6e day and yrrr fir~t ibovt writted.
Signed, ~ealcd end delivered ia t6e p e of: ~
GEIdEFtAT, DEVEL~~ CO~PORA~~dN
: ~i - - r---- -
- , L , ~ << ` ' ~ , ~ ~ _ ~CO1tPOR~T`E SEAL)
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' ;l,!~ 7 y-% ~ ~,-z~ 1 l i,%t ~ -~C~ - Me~~~t 0£fibe~" -
~J ~ ~:~CX , . - -
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, ~ t ~~e~o~. - _ - - - - - - -
~ E D E D
- - . ~ Me~a . . . ~ o o K.
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~ ~ Or;- I . 2 6 - - - - - ~ _ - - - --(SEAL)
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' S1-. t_'~C',~ C:;U~l~Y.
FLORID~ F 1~0 R l D A
sT~~-~ oF ~
Co[,TNZ-~ OF DADE °
I HEREBY CERTIF'Y that oo thi~ day perwoaUy sppeated before me, an officer duly autborised tcr admiaister aathe aad take
ti•d. C. Bevan, Jr. ~g
ackno~vledgeroenta, - - , ~
Mort aQe Officer af Genoral Devo~opment
~ Gorporatior~ Do awaro
a wrporuioa, to me wdi icnown to be tbe penons dexribed in aad who eiecuted tLe
foregoing mortgage and tbep duly utnowledged before me tl~at acting under due corporate autboritq thrq e~ctcuted the eame tnd im-
pressed the rnrporate ual for the purpaaa cherein ezprewed u tbe act and deed of said oorporation.
Miam~. . .
IN WITNESS WHEREOF I ha.e hezeuneo ut my haad aad sffixcd my officirl eral ae -~~:.,t.~.." -
l~th November 19 ~5 ,
said Counn and 5tasc, tlw - daq of
i ~ - .
~ ~ ! ~
.
~ % l~_ ~~'r , f
t:OThRY PUEIiC. ST~~TE ef Fi~R!~:+ ai l'+R~E No£ary Public ~ , ~ - _
I2 h' - J
t ti~r cov~.i~ Et~~~~E~ ,~r,r ~ ~ ^ . _ - _ .
j My ~LIYlq1~7 ~E[~l~r. _ -TEIr~UR-:1 ' . ' . .
i ,
~ ~ ,
! srnT~ oF ' . . '
p " :t:1;~ii~~' '
CQUNTY OF )
i HEREBY CERTIFY, that e~ this day peraonaliy appeared before me, an ofFzrr duly autlwrir.ed tn administa wths and take at-
imowied~emmCa, and e~ ae
known to tse the peraon deyeribed in and w6a ezecuted the foregoing instsumtnt and aclcnowledged before me that
ezecut~d the ~+une.
IN WITNESS `dVHEREOF, I 6ave hereuntu sct my baAd aad affized my o~ciat uil at
eaid Cvunry ~d 3tate, thi• day of 19~.
Notary Pvblic
iriy Commiwian e:pira:_..------------_
gooK 131 289 ~
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