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HomeMy WebLinkAbout2724 s . 11. Ta.t if eLi~ moet~ap is i~ conneak...it1 awW M ao~ccuedon lwo fm.sao~ tw Me~t~.sse a~rt« !e ..iu rslw. lra. e~. liea of t6is aqy ooe or mon of t6~ Iw~ daMred ~crap apos ~meot b~ tes Matsawr af wer .uia or wno~ wlich myr ra~e ~cen ad~anced b~rcgs~ee us ~uch lot or lon; pwridcd, 6owe~er. tbu tbe Mat~a~o~ ha~ ~ull~ oaaplied wit? tbs terms and coo- dicioo~ of t6e Oon~csueeiM~ Loan A~eeemeat betwan tL~ Mortt~x aod t?t bi~~ ~n ~eeuted oop~ at whkh M is ebe poaa~ian oE trr ' [Nort~ca and 'u inoo~ponced 6erdn b~ nfereaoe and aude a put ?ereof; aq~ t b~ ~os~a~ ~wdee said aseceaeot ~6a11 be oos- ~ aideeed aa s~eot of dchalt ~mder tLi~ mor~ase. 20. T6ac tbc M wiU ou tbe cequea of t6e Mo~a~ee turoL6 a wstecea tacaaeat o~ tbe amount owtns oa che oblisation which cki~ mortsass ~ecura sod~ mte whec6u or not Mo~awt eWmt' aay defenus or otfsee~ tLereeo. Zi. Thst ~ioregato~ will oot pe~mit aqy oc6er lian ~s be ~titd spiou tht ~ald pr~mbes and if aq~ w~c? Item us 8kd. whetbet panmwnt or ~ubordinate ~o this mortsa~e. Mott~a~or witl 6a~e oc tawe ~o be had said lie~ dbeba~ed tmmedlaalp. ?2. Moct~a~ce s6a11 ba~e cbe riaht ~o cLu~e r~a~ • aooount wit~ Mo~t~ee for etit tnters~t and priadpal pqsbk n pro- vided Io t6e poomttwq oote ~u such become~ due in ido~iudanC~s thaewitL. Z3. If the Mo~a~ea rcvuaa. MoctYa~r bereb~ oo~enanb sud a~ea ebat Moet~or will furni~6 tM Moresasee ~anuallr from cbe date ot thn morc~sse imtrumenq unlas some at6er date is a~ed eo betwaa tbe parda in wridny a esrrified audited ~inaoeial uate- menc of t6e Mort~ and annual oanplete operadns ststemenb ot Mort~or. If tLe Mo ~ f~cal or ealeodar ~eas shali not coiacids wIch t6e date Lereia spcdfied. t6en tbe datc which the MoKsa~es ~6d1 ~pedf~ a6d1 be oonte~ol ' Moct~aaor ~6ap tuPpl~ Mort~a~ce wit~ such ot6er linanrial sraemcnes s~ Moresa~se mq from time to time req~at. 24. Otber pro~isiom: This mortgage is subject to the ter:as, provisions and conditions of that certain Construction I,oan Agreement, dated May 21, 1964, entered into between the mortgagor and the mortgagee herein and said Construction Loan Agreement is b y reference i.ncorporated herein and made a part hereof. Said Construction Loan Agreement is available for inspection by a11 parties in . interest at the office of the Mortgageeherein. ~ . ; IN WITNESS WHERHOF. tLe MortQa~ur bss e:ceuced t6ae preseuu under scal the dar and year;~,abo~e ~~t~ . ~ ` and deli• in t~ p of: . C~RAL DEVELOPl~LEI~'P .CCfft.PC7RATf AN - ~ x~w~TS, s~r.) , _ ~ " ~ . ' ' l~- - ` ' By ~ . c' ' - ftJ ~ /~r/ Mortgaf~e `bfficer , r ; ~ FtLEO ANO RECORDED' , . ' ~ ~ ' ST. ~UCnE COUN7Y~ • p- t.~ . . . 16517'7 ~ ~~a ~ ~ 4 AM 10 : 07 ~s~,,~~ J~~°'U~ G~ ii+~GE. i? i-JtTR:.S CLEaK CIRCUIT COURT ~S~,~ f ` 8TAT8 OF Fr.ORTTIA ~ - E COUN'IY OT ) ~ • E ~ ~ 1 AERBBY C8R'TIFY t~at ao t~is da7 P~b appearea beiore me. m of8cer dut~ aat6oris~d to ~dmini~cer oatd ud nb ~ acknowledaemeub, 1eI. C. B~t'~.~ Jz', //L~/~ //~~j~~~l ~~~u M~rtuaFA nffi cAr o~BnAral 7laval ni mwnt ~~nnrati nn ~ ~ Tlal avarA ootppratje~. b mt weU i~o~wa b be ttie peitoor daaibed io asd w~o-aee~tea tv ~ forr~oins mort~e aad tbe~ day acknowledred beloes me tLat aetins oodtr dne oerpones authotib t~ e~etated tbe wee aAd i~e- ~ presud cbe oorporace ~a! io~ tfe parpo~a tiereiw e~ra~ed n tre aet and deed of aid eorp~ation. = IN WITNESS WA~tEO~. i tia~e hereuo» ~et ~ tiaod ~od a~ed m~ oEfidd seal at m. o. ~ ,~td ~ ,ad gc~ eW 12th ~ ~ March , 1~ 6$,, . - ~ ~ ~ ~ . ~88UC. iTATE OF FLOIUOA AT WtiE . . ~ "f ~ , ~ ~ ~~pMMi5510N EXPIR~S AUG. 16. 1970 Notar~ blie - - ~ M' ~ ~/~~OND[D iMi10u6H F11E0 W- Di~iT[~MOR~T = ~ . , ~ ~ ~~~w - ~ . , ' 1 y srArs oF ~ - = r COUN'I'Y O~ ) ~ ~ I HEREBY C.ER'i'[T1t~ e~ o~ t!a da~ prsoealb aPpsud bsfae my aa offiar dul~ autLorised ~o d~dai~er e~tl~ a~ ts~e ao- tas+eMdp~a~t~ ~od M ~t tnowo eo be ebs oeno. aaeribsd i, ~ud wro a«ua~ tL~ loryetos iarcruse~t aod act~owiedsed beiore oe ewt ~ ~ e:eewed tbe ume. t 1 1N WI'i'NESS WHBRBUT, I ra~e kre~uw ut ~?aad rd affis~d s~ eE~icld ~al at ~ ~ .aid Cart~ ud Saee, tYi~ dsf ~f H ~ ~ r •~7 r~ F ~ MI~ Cariaioe Kpies_-- ~ ~ rr k~ ~0~~1~10 ~~f.E~712 ~ ~ ~ - _ ~ ~ _