HomeMy WebLinkAbout2136 10. Aa addittonsl securlty, the Mortgsgore do hereD y trans[er. aasfgn and ~et over to satd Mortga~ee~ ~ny
and all rents now due, or to become due, on the above d wc~ibed premises or any ~epsrata rental premIaei appur-
tensnt thereto, vvhich sre ettuated on the land above deacribed; such nnb to be collected by or at the dlrectton of
the Mortgagees and the net proceede thereoi to be spplied to the indebtednes~ heninbetore ~ecured. a~ aad whea
the same shalt Decoma due and payable; and tor the purpose ot carryfng out thli pmvialon the Moet~~gorr do
hereby constitute snd appolnt sald Mortgagees as their trua end lawful atWrney-ln-fact to coAect any an~! W tent~
for said abQ~•e described premises, expressly authorizing the MortRagees to recefpt tenanb thet+etor, and do by
these preaenta ratffy snd cantirm any and aq acta of said attorney-in-fact in relatlon to the tongo!ng power• Pro-
vided. however, that until thc Nortgagors shall breach or be in default ttnder any oi the tetms of thf,s mortgag0.
the Mortgagors shnU be permitted to co1lect and recefve auch renta, lssues st?d ptoflb, but tt?at upon ~ttch def~ult
or breach, the riortgagees ahall automatically H ithout notice become enUtled' to eollect said rents. lssue~ and
profita. Fa!lure to exercise the righta herein conterred shaii not constitute a walver theseot by the Mort~els.
1!• DuIY. prowptly and Ynlly to pertorm. comply with ~nd abide by each. ~nd every~ ths stipul~?tiow. a~r~e-
menta. conditions and covenante contained in the pr~or mortgu~e bereinabove described. if any. and in the oWist-
tion secured thereby.
12. Thst in order more fuily to pmtect the security oi this mort~a Qe the Mort~a~or~. to~ethsr w3L1? and in
addition to the moathly psymenta under the terma ot the note secured bereby and on the saa~~ d~a~t oi ~ach moath
~?s the payments under uid note are due and until eaid note is iuUy paid~ if ao teqnfred b~ tha D[ast~a~e~s. ~ball
pay,to the DdortgaRees an installmeat oi the taxea and sasessmenta next to become dne and levied or to bs levied
aga~nat the mortgaged property and an installment oi the premium or premiums next to become due andpaya bi~
on the policies of fire and other 7~azard insurance covering the mortgaged property, Snch insWlmeats sbsll be
equal respectively to auch estimated taxes and asaeaaments and fire and other hazard insutance pseminms (all u
eatimated by the Mortg~gees). less all sums already paid thereon and divided by the number ot the months tbat ue
to elspae before one month prior to the dste ~vhen auch taxes. aasesamenta or premiums wiU beoome delinquent,
such aums to be held by the Mortgageea in tru~t to pay said premiumn~ taxea and aaseaemente.
IT IS ~dUTUALLY COVENANTED AND AGREED by and between the Mortgagora snd the Mort~a~ees
that this mortgage and the promissory note or notes secured hereby constitute a Florida contrac~ and shall be •
con~trued according to the laws of that State.
IN n'ITNESS WHEREOF. the Mortgagors have executed this mortgage under sesl the daq and year ,ttrat+~~p
above written. ~ T
ARAWAK CONSTRUCTION AND =
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DEYEL MENT C POR.ATION= ~ • ~'"O "
Signed, sealed snd delivered B! o, ~ar~ o;~=
in the presence of: y ~
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Ha r ry Fe r g o s re "
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~.,'~~'nt "'b~ oc .
ATTEST: ~ =
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~ ~ Ro - son, As Secreta, ~
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STATE OF--------
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COUN'I'Y OF......--•--.....--•--•.....-••..._.--•-•
Before me. the undersigned authority~ personally appesred this day
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to me well known and known to be the individual_... described in and who ezecuted Lhe tore8oing inatn~ment.
snd . acknowledged before me Ehat executed !he same for the purposes therein stated.
~VITNESS my hand and official seal this day of_..--•••-•-•-•------•-•........_....---••-•••----•--_ 19..-•_--...
Notary Public in a~d for the State and County aforeaaid.
My commisxion expires-•---•-•--••.....••---....•---..._..--•----...--------_.._,..
STATE OF_.,__.___ FLORLDA_
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COUNTY OF_..._DUVAL
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~ Before me. t6e nndersigned anthority. personally appeared thia dsy
, ...~a r~.~..i~..~'
e.xgu.sQm....._._.._
at,d ...._....._.8ager_.L....P-eter-s.ora .
' to me known to be the perwns described in and who esecuted tbe foregoin~ insirament a~
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President and Secretary. respectively of
__________________________ARAWAK_ CONSTRUCTION_AND, DEVELOPNL~,~Jx,~Q~„pQR,A.TIp1V......_......,
the corporation named therein, and they severally acknowledged to and before me that they eaecuted the same
under the seal ot the corporstion and as the act and deed of aaid corporation. T
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aay or_..._..............__ .D~~b~x..___.. ie~. 2:~ .
~S'ITNESS my hand and olficial ses! this ~1 ~ . . _ . _ , p,t .
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i• + ti ~ty ic n and ior the State.lWd KQFe~+~~ y~I~
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. Q~~R ~~P P~~?Iti`t~~#~ Diy commisaion e=pires.•-• . . ._~~7'--:~' '~f~.~',
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80~ 2~.'9 ~~~'13~
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