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19. That i( th' mort is iq opq~ction with comtructioa loan tinancing, then thia mo~tgage u=ubject w the Consttuction Loaa
Agrcement dated ~lay 1§ O'i ~ betweca the Mortgaao~ and the Mortgaaee, aa exauted copy of w~ich it ia
che pos~euion of the Mortgagee and is incorporated henia by retennce and made a part he~eof; any deiault by Mo~aao~•uader uid aa~
ment ihaA be coniidered an event ot detault under this mo~age.
20. T6at ~he 1~fortQago~ will oa t6e ~cquat of the MortQagee furni~h a writtca ststement of the amount owiaQ on tLe obligation which ~
~hi~ mortgage ~ecura and tAerein uate vrbaher oc not Mortga~o~ claiao~ aay defenses or offaen t6ercta
21. 'I'bat rtortgagor will not permit any other liem to be filed ~Qaiast the ~aid premiaa and if any suc6 liens are tiled~ rnc~t6e~
paramsuat or ~ubordinate to t6is mortQa~e, Mortgago~ will have o~ eau~e to be 6ad said Uew disc6arged immediately.
22. Alortgagce ahall have the rig6t to c6arge Mortgagor's accouat wit6 Mo~tga~ee for the intereat and principal pa~-able a~ pro- s
.•ided in the pmn:ia~ory note aa ~uch becoma due iu actordance there~cit6. f
23. ]f the :~iortgagee requats~ Mortgagor 6creby tovenanp and agrees t6at Mortgagor ~rill furnisb t6e Atort~aRee annually frao
the date of thie mortgage instrumeot, u~laa some other date is sgceed to bet~ceen the partia in vrriting, a tertificd audited financial atate-
ment of the 1lfortgagor and annual complete operating statemenb of btortgagor. ]f the Mortgagor's fiscal or calendar }-ear ehall not coincide
~tith the date her~in apecifitd, thea the date x6ith the Mortgagee shall specify shall be controlling. Mortgagor shall supply Mortgsgec w~ith
suc6 aEer financial atatcments u Mongagee roap from time to time requat.
24. It is agreed that nothing herein contained nor any transaction related the~eto shall be construcd or w operate as to require t6e
~iortgagor to pay interest at a rate greater than it is now law[ul in such case to contract tor, or to make anr pay~nu?t or to do any act eoatrat~
to law; that if any claus~a or pro~~isions herein contained operate or would prospectively operate to invalidate this Mortgage or uid Note in
whole or in part, then, such clauses and pwvisions only shall be held tor ~aught, as though not herein contained, aad the remainder of thit
~iortgage shaU nmain operative and in tull torce and effat.
2S. Othes provisioni:
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IN ~YITNESS WIIEREOF, the Mortgagor 6as ezecuted these prexna under ieal the day and ~•ear f1lft ~bOYt ~rflttt4. ~T 3
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Sigoed, ~ealed and dcli~ercd in t6e prtsence of: GENER DEVEL ENT CO~FB ` IbN -
~!IrL~ll~ l~C.~~[?.~0 ~ (C9~F~R SEAL)
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, ~ /`,•~C'Z,-C ~Plf~9€~[ ; ~ . ~ ~ . ` .
- ~ - - W C . Bevan Jr~,. ~
F~ ~AND RECORDEO~ _ n«~~: '
, T. CIE COUNTY~ FL - R~'ortgage Officer ;,;~1~~`''~
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' S nFCORp V~RIFIEO y ~
, ~ ~ t ~c~~t : K i / f f~~~iz:lc~_, c_t•ti~~ .
' k9f~'XX ?
~9 ~ y M 2: 59 Lumaine B. Rosskamp
~ 185'?'01 Supervisor, Contract Administration
i (SF.AL)
i - kp;;~R :•017RAS
~ CLERK CIRCU{T COURTi .
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~ STATE OF_~ZQY'i ~a ~
~ cor~vz-tr oF Dade _i'
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~ 1 HEREBY CER'I'IFY that on t6is day penonallr sppeared beEore me, aa officer dulr aut6orised to adminiucr oat6s aad tate
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~ ackno~.ledgemena, W_ _ Revan _ Jr and _I~U~!'(Sj.ne R_ RnSSk~~ , tespetd~el~
~ _"~iort~a~e Officer_ ,,,d Supervisor, Contract Admin of GENERAL DEVELOPMENT f
R ATION' , Delaware oorporatioa. w me well known to be ebe penons dacribed ia apd-v~bo-~t:eented t6e
g f, regoing mortgage and they duly ackno~ledged bcfore me t6u acting under dne eorporate aut6onty tLey e: ~tb!' sai£~ and im-
pressed the corponte seal for the purposa t6erein e:presed a tbe ut and deed of said eorporation. .--v`~;
~ iN WITNESS WHEREOF. I 6a~e hereunto set my 6and and affized my ofCei.1 seal at Mi ~mi~yr;$1~~~9.L
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~ ,iid County and State, t6ia l~th dq of November 19~. _ -
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N~TARY PUBUC. ST~ITE ,1 iIOR?DA at URGE -
aary Publie ' •
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MY COA3~tSStON EXPIRES SEPT.. S. 1973
~ My Canmiaioa esplres:--- ,>'•1,• ` -
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STATE OF _ )
: a
c'nCN1'Y OF- )
;s I HERERY CERTIFY, t6at on this da~- penonaU~ appeued bcfore me. an officer duly authorised to administer oath~ and tate u-
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knowlydgm?can, _ and to me
- t~nown tn be the person dexribed in and who ezauted the foregoing instrument and _ uknowledged before me that
ccecurrJ the samt.
1N WiTNESS WHEREOF, I 6ave 6ereuoto m my hand and a(fized my official seal at
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s~~d Connty and State, this day of 19_.
Notary Public
My- Cummission espird-- _ _
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~ 800K ~~1 PACE ~OV
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