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, lf. T1at !f t!M ~etpp i~ i~ aer.oatio~ wit! onld aoantueeioa lo~s fiaaaelo~ c!~ ldore~ee a~ it will rekw ~ tM '
~ 6ea ot t?i~ W' oot or oon ot ew bb d~?ed ~dp ~po~ p~oa~t b~ tN ldonsa~r o~ wc~ .u~ er wm~ w?k~ ~u Ww
bcea sd•soeed by ~~a~t oa snc6 lot or loa; prrrlded. ~ows~er. thu t6e Mort~a~or ~ Eully oompued wttb tDe tera~ sod oou• F
didoa~ ot tM C'aaC tnxtioe Law betwea tMrMo~tsa~or and t~s ~n ~ed cop~ at wNei i~ I~ t~t poMa~ios ot eM
Moces~ee aad 'a ie~_ poated ~~rsfereaa ~nd oadt a put 6eresf; abiqkjr e s c b~ Mett~a~or under ~aid a~reaamt ~6aU be aoM
~idsred as e~au ot defwh nada this mo~ase.
=0. Tru tbe 1~I~~ will oe tb~ ceque~c ot th~~ fucnl~h a wrteeen ~scaoeut o! eb~ amouoc owIo~ os ctie o0lipeko w?ki
~?it ~a~t~e Mcvra and ~ate w6et~ or aot 1~ortp~or-cTitmr aar dcfeaa or ofhea t6ere~o. ~
31. 'r6at Moetta~or will oot pe~ait ~ atMr Uea~ ~s be tibd qala~t tM aid pc~mi~a and it W we6 Uaa ser ~Nd. w?etMt
par~sMmt er sobocdi~an w tW mo~ Matp~ wIq ra~e e~ awt eo be rad wia li~ di~cbu~ed in~diateb.
~~l~p~ibaU 6an tN +isht ~.Moe~o~h ~ooou~t wid~ Mortp~es tor t6e teare~t ~ad P~PV P;1~bN ~ Pro-
.ided ia t6e ooa a~ a~ be~am~ dw ooocdwa ttia+ewith.
23. If cbs Mo~a reauab. Moe~a~o~ krebl? oo.eoaua and a~ca tLu bto~ will fncni,h th. Morcpjss sanuaU~r fe~oo
cbe dace oE t6b wortsas~ imtrumeay naias wme ot?er dat~ b a~reed ~o betweea tbe a in wridn~ a ceKified audited Snaoeial ~ate-
meot of ebe Mortp~or ~od amusl oomPlete operatioi ~atema~b o~ Mocets~or. If tbe fl~c~l or esleudv rcar shall oot ooineid~ •
wit6 t~e dat~ 6erdn ~ped~ied, tbea tDe daee whici ttie Moct~asee stiall ~pecit~ shall bs a~!rlo~O~ ~LaU ~nPPb ~~i~+ ~
~u~A ot6er 8o~odsl uatameab a~ Mortsa~es ma~ ~os ti~ b dme r~equet.
Z4. Ot6er pro~biow:
This mortgage is sub3ect to the terms, provisions and conditions of that
certain Construction Zoan Agresment, clated May 21, 19bl~, entered into between the
mortgagor and the ~aortgagee herein and said Construction I,oan Agreement is by
reference incorporated herein and cnade a part hereof. Said Construction Loan Agree-
ment is available for inspection by all parties in interest at the office of the
Mortgagse herein.
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FILE~ ANO RE~ORD&9: °'`'-1..~,.. -
ST. LUCIE COUNTY. FLA,
RECORO VERIFIED ~X~~"
,CPCS,Gd~.~~
'ss ~uc~ Zs P~ 3 : y2
~5~.,
;-1~~,3`R~'3
CLERK ciw~~~~r ~~URT
(s~?r.)
j sTrw~rs oF ~
~ covrriv or ~ffi i'
~ I HBABBY CBA1
[~f t~at oe trb dq Pasooa~b ~Pla*~ ~~n ef$oer ddy aat6oris~d eo admin6ter e~tM aod tab
~ W. C. Bevan, Jr. ~.~.T
X~Cx M~rtgagw (}ffirwr p~ General DeveloBment
~ Corporation Delaware r
~ a oo~pontioo. b me wdl koo~wn b be etie pe:soas daaibed is,.a~d' 11ir,~oeea~ed !M
fore~oias aortp~e asd t~ dWj? aeimowied~ed 6elore me eLat aetins modet dne oocporue antborit7 t~e7 a~eeuted.~ ~e;`wo!-,~od im-
preacd tLe eorpo~ee sal foe t~e parp~ow eieeda e~ewed a ebe ~a aod deed of atd oorporatioo.
IN W1TN8SS W~REO~. I tisre berem» at s~ lasd aod affiud m~ ~ al seal a- '
,aid Gnuoe~ aod sta~e~ t~i. 21st ~ June _ ~s _ w : . _ ; . -
L~
_ r.!+*~RY PUBLtC. S~ATE oi FiORiDA at tARGE Naar~ Pubtiy' - -
~ X! COYMISSION EXPIRES YAY 9. 1969 . , ;
!y(r ~ awoasr . '
~
~ STATS OF )
: M
COUNIY OF ) •
~
~ I HP.R88Y CBR1'i1R~ t6u oa t~ day pa~onail~ appeared befare me, an offket dnb aut6oeised ou sdmini~eer o~eh~ ~ed tabe ao-
~ lmpw{ed~tr. and M ~t
knowo ~o be t~e per~oa dacribed in ~nd w6o e~eeated t6e ~ore~ofn~ imtrumeot sod aekaowled~cd before me tLu
ezeeuted ebe wes.
IN W1TN&4S WHSRBOI?. I ha.e 6eeeuoeo .a my 6aod ~od af6~d my offidd seat a
said ~ a~ SacG t6a dar of 19
Notar~ Pnbik
_ irty Comd.too .:pirs• .
sooK 149 ~ 37
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