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~ 8. T}ut th~ partiss o= th~ fir~t pr?rt hereb~ transfsr sad
dsposit rith the p4rt~ oi ths •econd part, ~?a ~ssign~ent ot Kort-
gag• oi s~ea d~?t~ her~xith~ troa ~d8 8. WlBIBG to AlRRIB C08-
STBIIOTIOF CORpORlTIOM~ 8B-~~~igniag the above ~sntionsd notes a?nd
sortg4gsa bac]~ to the 8?8BI8 OO~i$T~TOTIOM OOBP08LTIOli.
0. Thst in the ~vent o~ ths nonpay~snt of the ~7',255.00 pi'o-
aieeory note, or in the eveat ths tirst vor~gag~s in ia~or ot tho
FIBST 1'SDEB?L SIYIlT~i3 de I.OIN i3300ILTI0g OF F08T PIBROE, oeaee to
bsaose in good standiag~ for a pariod o! fittssn daJs nszt aiter
.
the eaae baooss due~ th~ partie• oi the iiret p~rt authorise snd
herebJ instruot ths eaid Ssoror ~gent to dslivor the 4bovs deeoribed
instrumente to the said BIdrL?x S. ~?TLRiHG= P80VIDSD, HOi~BVSB, that
xritten notice oi dateult has be•n delivered to IxYIN FB~1~g, JIt.,
as Ssoro~? Jgent, ~hereupon ths eaid 8eorow 1?geat sh~?11 give notice
by registsred sail to the 81aRI3 0088TRIIOTIO~T OORPOAlTI08, st 721
Quinoy ,venus, ~'ort Pisrce, Florida, advising eaid oorporation of
i
the reaeip~ o! ths notiae of the delault and turther advfeiag eaid
oorpor~?tion that at the ezpiration oi thirty daye xhich said de~ault
ooaurred. the Bscrox Agent ehall deli~rsr to ~ 3. K18ING, the s
oollatersl held ia searox unlese oatiei4ctory ~vidence hse been itiir-
niehed to the $sorox igent in xriting that eaid ~7,255.00 nots is
'i no long•r in default.
k
~ D. Thst it eriall be th~ reeponeibility oi the B~.aBI3 COHSTBIIC-
~ TIOB OOBYOBATI08 to sstiel~ the Esorox lgent referrsd to her~in, that
th~ fir~t sortgagse reisrred_to abov~ in ia~or o! the FIHBT FED~
3lYI8a3 l8D LOI~T ~3300IL?I08 Ol~ l~OR2 PIS80E ars sll in good stsndiag
~
st sll tizes, P80YIDI8G, HO~i/88, that tho esid collstsral eball not '
bs deliisred to said 8LM18 S. X~RIHa~ tor a p~Mod oi thirtf da~e
and n~zt aitsr the delanlt on any o! the said iirst aortgsgeo; thus
giving ths H~BRI8 0088TR'~t3TI08 OOBPORiTIOS thirty d~?~s in xhiah to
bring all oi the dsiaulted lirst ~ortgAgsa into good standing.
That it ~hall b~ th~ roapon~ibility oi the HarMe Oon~trno-
tioa Oorporation to ~atiei~ th~ Ercrow ~gsnt rsi~rr~d to h~r~ia thst
th~ taz~• and la~uranc• are not in d~taglt= PjtOYIDED, HOIiBYaB, lhat '
th~ ~sid collatsnl ~hall not b~ d~li~~r~d to ~h~ ~aid II~1B 8. W~RIIta,
ior a p~riod oi thirt~ daT~ n~st att~r si~ia~ th~ notia• ot d~ianltj
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