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1f. Test lt t6Sr moetsa~e i~ in caaoeetioo wic6 muidple•ooa~eniaioo loao finaocln~ tLe a~rsa it wip rela~ traa eM
lieu of this mon~age~ any ooe or mora of the lat dauibed bereip npon p~neot by tDt Mlort~r~we6 ~um or ~wns w6ics may haw
beea advanccd by Mon~a~ee oa ~ucb !ot o~ ba; provided, 6owcrer, thu the Mwt~s~or Aa~ tull~ complied witr tLe terar aad oon-
ditioa~ of tbe Con~truetioo Loso A4reemeut betweea tbe Mort~a~o~ aad t?s u~
~ee, an sueuted ooP7 0~ ~?~kA L tn t6s Po~c~ioO o~ tM '
Mort~a aod 'u iacorporated ?eoan 0~ referea~t and made a pa~t 6ereoE; ~q? defaalt b~ Mortp~or under uid a~reement ~Aall es eoa-
udered aa t~ent oE deEaulc under tLi~ cnoc~e.
10. T6at tLe Moet ~or will oa the requac of t6e Mo~ furoiiL s writtea ~uaneat of t6e amouot owL~ oo tDe obllsation wWJ
~a or
c6is mort~a~r ~eeuns and tDereia uare whetLa or uot Mort~or c aim~ ac~ defeasa ot oft~eu thereto.
Zl. That Mort~a~or will not permit W atLer lieo~ to be Sled ssain~t tLs atd p~tsa aad U an7 wc~ liau ue Skd. wbet6sr
param~unt or ~ubordlnate to thi~ mort~a~e, I?fo~tQaeo~ wiU 6~~e ot awe to be 6ad ~aid liea~ discharRed immedLteb..
22. Moctsagee ~6a11 ba~e t6e d~Lr to cDa~e Moreg r'~ ~ooount witb Mott~ascs for t6e Interat and prindpal p~abk a pca
vided in the pro~nuwr~ note as snch bcooma due in iooo~d~n~ee thaewicL.
23. If t6s Moctga~ce requats~ Mortgagor Sereb~ oovmanb and agrca thu Moet~a~or will furuisA the Moregagee snnualtl tcom
~he due of t6ii mortgsge inserwamt~ ualas wme ot6a date is a~ceed to between tbe paraa ia wridn~ a cereified audited itnanaRl auo-
mcet of tbe Moctgagor and annual oanplete operatin~ aate~neua of Mortga~or: If t6e Mo~sor'~ fucal or calendar iYSr ~ha~~ na ooincide
wit6 t6e date berein ~peci~ied. ~6m t6e date wbieh the Moct~a~ee shall speeifr ~6a11 be eontcollins. Mort~ago~ ~hall tuppl~ Moirt~a~te witb
sueL other 8naacial ~ataaeaa s Morts~ee may fe~om tinae to tlme request.
2~. Otbe~ pro~iuons:
This mortgage is subject to the terms, provisions and conditions
of that certain construction Loan Agreement, dated May 21, 1961~,
entered into between the mortgagor and the mortgagee herei.n and said
Construction I,oan Agreement is by reference incorporated herei.n and
made a part hereof. Said Construction Loan Agreement is available for
inspection by all parties in interest at the office of the Mortgagee . ,
~
herein.
1N WITNESS WHEItEOF, tLe Mortga~oc h~ e:ee~ced c~ese pramu uoder Kat cLe da~ and reu fir.c above ``r`
e~ ~ A j~~~
Si~~ed and de' io t~e"p f: C=ENERAL DEVEI,OPMENT C0~ ~ ~'I'ON
/ ~ , f. s,,EAEj
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f f ~io~~gage Offti.cer * ~
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s'rA'rB oF FLORIDA ~
COUNZY OF
i
1 HEREBY CBRTiFY eLat oo tris d•r P~~b iPPa~ aa offiur dnl~ aotborised to admiui~ter oat6~ aad tab ;
acknov~ledganmts. TAT.. f` Awvan~ .Tr} ~,~.6~,~
i~~~~ Mor .uaaA Officer o~ f~nAral Tlr~vc~lq~,mrar~t~
,
Corporation Delaware ~ b~.np ~Own b be cbe pe,soo. aaerlbed~•!u .nd ~whiio e~xoced ttis
forc~oing mortgage sod t6e~ dnl~ acknowled~ed before me tLat aetina mdes doe corporue a~orit7 t~e7 -~.,~l~e :a~:-~nd im-
preped tLe oDrporttt ~eal for eLe parpous tLereia e~re~cd d cLe aet and deed of ~aid oorporatioo. :
IN WITNESS WHBR80~'. I ra.e dcreawo .et m~ 6and aod afHzed m7 oHid~l +ea1 a FA 'a~~~~)~ -'I~iami, Florida
sa;d l~ounty .ad Sest~ t6b ____~t3~. dar of .FA~,r3~~rv ~ 19 . . ' , .
` .
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~ '~OTARY PUBLIC. ^F FLORIOA At otar~ Public _'.i _
~ MY COM' AUG. 16y 197
3~ ~r ~ ~ONDE^ ' W. DIEST[LNORfT - • .
~ ,
~
S'TATB OF )
~ ~ M 'a
~ COUNTY OF ) s
~ I HEREBY CER'TIFY. tLat on thii da~ penonall~ appcued before m~ an of8ar dcl~ autLorlsed ~o admiai~ter oatLs aad taloe ao- i
~
~ I~o~kd~emead, aad N at
~ ~cnown eo be the persoa dacn'bed in and wLo e~eented tbe io[e~oin~ inrtrumeat and ~clrnowledged before me tbu
ezetuted tLe tatne.
~ IN WITNESS WBEREOF~ 1 hare bereunto at m~ hsnd aod affised my of8cas] ~eal st
~ said Comt~ aad &ate, this da~ of 19
~
~ Notar~ Publie
~3 My Commistoo apiea•
~
go~~~ ~~~~5
~
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