HomeMy WebLinkAbout1722 ol! Wlu~e, oi iwthe~ odvances ot ihall ba mo br th~ Morfgogee ho~Nn or ns wcce»~~~ . _ _
N1ort9o9a, iti hei?s, pe~sonal rep~ese~tative~, a ossifles, within ten yco~s f~om tne dote he~cof or the maximum per'wd of ~i~ ,
pern+itled by Iho bws oF Ihe sto~e in which tM Ma~gaged P~op~erty i~ Iqcoted, whicheve~ is the (eue~, M the some ~,e~en't Q~ ii '
wch (u1u~e advances we~e n+ode oe ihe doro of ~he execu~~oo of ~hi~ Mo~rga9e• The ro~e~ amoun? of ind~btedne~s that mor be • .
~ccwed br Mii Mortgoge may decreose or inaeasa from tims to tima, but the total ~npoid bolonce w setur~d ot ony o~e t~me
shai f cg 1he moximurt~ principo) sum permiKed by the lows of ~he stale ie which the Mo~tgaged Property is locoted o~ ~ `
s_,_~~~, ~U~O togcther with interest lhereon and any _
(whicheve~ i~ the (euer iE o specific amount is. specificd),
ond oll disburscments mode by thc Mortgogee fo~ the poyme~t of taxes, lovies, o~ insuronce on the property covered by the I~cn of !
gage with interest on such disbursemenK ot the rote ~petified in the Note teferred fo in this Mortgoge, o~d Eor rcaso~able
~ r's feet c~d cou~? costs inturred i~ theYOllettion of ony o~ oll oF suth sum~ of m~~ey. Such fdrthe~ o~ future advances sholl ,
qy optior.ol w~~h the Mo~tgogee, and ~he some iholl beor intcrest ot the some rote os specified in the Note refened ro hc~e~n. t
'd interest rote sholl be modified by subsequent ogreement. ~
14, This Mortgoge is mode pursuont to o constr~ction ond/o~ ~development Loon Agreement (herein colled "loon Ag.ee-
menl") between Mortgogo~ end Mortgagee or its os~gns. o fvlly executed copy of which is maintoined at the oA'ice of th~ Mort• '
qogee or ih oss~gns, ond this Mortgogs is subjed to el) of the provis;ons of such loan Ag~eement, oll oF which ~ore inco~pororzd '
heroin by reference os though se1 fonh he~ein. Mortgegor will permit no defoult i~ said toon Agreement; onr default by Mongogor .
under soid loon Agreement sholl be to~sidered oe Event of ~efoult vnde~ thi: Mo?rgoge, Mo~tgogor eorenonts cnd agree: to com-
plete the construcrion on~/o~ developenent of the Improvements upo~ the Mo~tgaged P~op~rty eccording to plans and speci5cot~ons
hererofae opproved by the Mortgogee wi~h due diligence, end fully poy for somt.
p. 01her provisions: - - t
t
: SEB RIOER A2TACHED HERETO AND SPECIFICALLY MADE A PART HEREOF FOR OTHER PROVI- ~
~s
SIONS. ' - ~ : ,
M WITNESS WMEREOF, the Mortgagor 1~os executed these praents under seol the dey and year first obore- written. ~
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SiQned, seoled a~d delivered in the presence of: Mort~ogor: (li Corporotion) ~•JR F~~ •a
~~G
~ ,y
. 1
.
•
lidAL KASSUBA L < • ~7 ,
.
~ Q~ : ~ p ~ t `
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, ~ - ~~f~< 1 1, .:.v~~;.
BY : " ~ t 'r ,Q, _ - -
a
Attest : J y ~ ~
, `11,Yk:~~: {
y,~
. . - Moet~oyor. (If Individuats) ~ ~
- rsEAU
- . - . . - - . ~A~)
STATE Of F~~A - .
~ ^ ~ u CORPORATE ACKNOWLEDGMENT - . . "
COUNTIf OF - '
1 HEREBY CERTIFY lhot on this doy personplly oppeored before me, on officer duly aWhorized to odminister ooths and .
toke ocknowledgmenn, Walter J. Kassuba and ~ic el J. Lynd - •
, ~ ry
?espectivelr as President ond - F_,~et°
. of Walter Kassuba Realty Corporation ~ ° ~ ~ - -
corporotioo, to me weli knowo to be the pe~sons destribed in and who exetuted the foregoing instrument and ihcy,,i~u~r•4C);?~Q'"~~-
edged before me thot octing under dve corporere euthority they executed the same ond impressed the cocporct~~al f~or'~b;e
purposes therein expressed os the ad ond deed of said corporotion. ' a~`
. ~ ~ J • -
' IN WITIvESS WHERcOF, 1 hove hereunto set my hond ond offixed mv ofi'iyol seal ct ~s~ ?
seid Countr and Srote, this 12th dey oi Marc 19 73 ==r O,, . .
f < ~y ~ _ -
c.- : r-
! Mr Commiss+on exp;res: - - • - ~ . ~7 ~ .
i t~taary trLl:a S~ot. •.«d ~
; ' = 1 r,, - 'l1w~M'Sil
Sf3ZC O{ ~1~'Y_t. ia ~ . • ~ ~Q _
. NotarY - ~ , ; i i . ; ~ ;~'1
. . - ~ ~mmisswa Ez;~' S -
Son~'~6 b-• Ac:r.s lasa~~~ta Ca ~i~°~~~^
STATE OF - ' ' y
~ st INDIVIOUAL /ICICNOWLEOGMENT
' COUNTY Of
-r~~.-- -
~ 1 HEREBY CERTIFY, thot on thi~ day personolly eppeored before me, an oiF'icer dvly authorized to vdminister ooths ond
toke ocknowledqments, and . • ~
to rt+e known ro be the person(~j descr~bed in end who executed t6e fore~oin9 imtrument ond ~ oclcnowledged
be[ore m~ thot euetuted the some. ~ _ '
~ IN WITNE55 WNEREOF, 1 hovt hereunto ut mr hond ond o~:ed my officiol seol o!
soid County ond Sta~e, th~t _ dor of . 19 . •
~ _ _ . •
~ Mr Comn~ission e:p~re~: •
f . . ~ ~N/r ~y~~( SlOff A~O/I~
~ . (t~p.~w H~N.w) S~eq
'r -
I 6. • ~ .
~ ' ~ 84t;~(~l~ PAGE JO~ ~ .
~ - . -°oox ~14 ~ac~ 1721.. .
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