HomeMy WebLinkAbout1401 !0. /1s addittonal ~ecurlty, the Mortgagon do hereb y transter, as~lgn and set over ta said Mart~a~ees any
and al! rents now due, or to become due, on the above described pnmfaes or any ieparate rental premLei ~ppue-
tenant thereto. M•hlch are sltusted on the land abo~~e deacribed; such renb to be coliected by or at the dlrectia? ot
the Mortgageea and the r?et proceeds thereot to be appliM Lo the lndebtednes~ heralnbefora ~acured. a~ nad when
the ssme shall become due artd payable; and tor the p~rpo~e of carrying out thla provt~ion the Mortga~on do
hereby constitute and appoint sald Mortgageea a~ their true and tswiul attorney-Ut-fact to collect any and all rent~
tor sald abpve described prnmisea, expresaly authorizing the MortRageeb to recelpt tensnts thenfor. and do by
these presenta rati[y snd contirm any and all acts ot aatd sttorney-in-Lact ln relsMon to the lorego~power~~
Wded. however, that until the liortgagors ahall breach oc be in detault under ahy oi the ternts o! mo
the Mortgagora shall be permitted to collect and receive auch rents, isaues and proflts. but that upon such detault
or bnech. the Atortgagees shall automsticaily ~~ithout nottce become tntltled' to collact ~aid ranta. isw+er sad
protlts. Failun to exetctse the rights herein conterred ahNl not rnnstltute a waiver thereof by the Mort~a~eea.
11. Duly
. prnmptly and lully Lo perform. comply vrith aud abide by each and everq~ the ~tipulatioiu, a~r~e
menLa. conditions snd eovenante contait?ed in the prior mort~a~e hereinabove deacribed. ii auy. and in the obii~a-
tion secured tbereby. -
12. mhst in order more fully to protect tne f~uriiy oi zuis uiui ~~e wa ~-a:a. :.~~t:~er ~*h a*_~
~ddition to tbe monthip paqnienta under the terms of the note sec~heseby and on t~~ wms day ot ~ach month
•s the payments vnder asid note are due and unti! saW note is iullq paid. ii w seqnired by t1~s Mort~atae~. shall
pay,to the Mortga~tees an installment oi the taxea and asseaamenta nert to become due and levied os to bs levied
aganst the mortga~ed property and an instsliment oi the premium or preminms next !o beeome dus andpaya
W~
on the policiea of f~re and other 'hazard insurance covering the mortgaged pmperty. Such insWlmenL shsll bs
equal respecti~ely to such estimated taxes and esaeaaments and fire snd other hasard inaurance pt~eminms (all u
eatimated by the Mortgagees), less all sums already paid thereon and divided by the nnmber at tbe months tLat are
to elipae before one month prior to the date ~vhen auch ta:es, assesamenta or premiums will beoome delinqne~,
auch sums to be held by the Mortgageea in tru~t to paq aaid preminm~, taxea and assesamenta. •
IT IS MUTUALLY COVENANTED AND AGREED by and between the Mortgagora and the ldortQagees
that this mortgage and the promissory note or notea secured hereby conatitute s Florids contr~ct. and shall be
construed according to the laws of that $tate.
IN iVITNESS NHEREOF, the Mortgagors have executed this mortgage under aeal the day and year lira!
above written. ~~~NUUUi~n~.
ARAWAK CONSTRUCTION AND,~.~'''j4~~ti ~~.~'r•,~
DEV E OPMENT CO RA TIC~'~
$igned. sealed and delivered - ~ - ~~~C'b i~~~.~ o.•~ ~ ~
in the presence oi: BY~ R..._ AL). 't'•' .
a~: :
' ;
ATTES . rguson, re ~t• ';i,~ ' ;
, _
1~
, _
.
- ~
-r-----~-,•`~-'-~~--• • ' ~ ~~.'i
~ $y.._.. - " ' `
~
Roger . Peterson,~ As Secretar'y,:,`~t
. . ~ ~ ~ ~
~1~ ;
STATE OF .
COU\TY OF ~ .
r,t•~
Before me. the undersigned authoritq. personaily appeared this dsy
-
to me well known and known to be t6e individual._.. described in and who e:ecuted the foregoing instivment.
and acknowledged before me that executed the same tor the purposes therein atated.
~VITNESS my hand and official seal this daq of•--••-.....---...-----........--•--._._...._...-•--•---••-----•-•_.._, 19_..._.._.
~
, :
Notary Public in and for the Stste and County aforesaid.
I
' My commisaion expires .
~
' . ~,~~~t~~~~~ #
~ ~o~ s ~ ~
~ F LO RIDA ~A~t~IRC~~ ~ ~ ~
STATE OF T[~1l1 ~~~~~r
~ At
;
~ COUNTY OF._.._.DUVAL.....---•----------------------------•-•--• ss. _ ~ ~ ~
~
Before me, the undereigned suthority~ peraonally appeared ~thia tLy .
og 2b9'~~3
~
' Harr M. Fer uson R er L. Peterson
.
; ...............Y..........._.._....... snd ~
, goin~ instrument ss
~ to me ktiown to be tbe pezaona d..scribed in and who ezecuted the fore ~
i
` Prtsident and ~ . - . • Secretary, respectively of
i
; ,...._„_.__„~,~~y,A~{,.~Q~~,~,~~,i~'~~O~j. AND. DEVELOPMENT__CORPORATION '
. . -
the corporation named therein. and they severally acknowiedged to and before me that theq e:ecuted the same ;
;
nnder the seal oi the corporation and aa the act and deed of said corporation. '
i /Zt~- ?
~~ITNESS mY hand snd oHicial eeal this -~•l~••••-••.•••- day oi...._.......November 19......73
;
~ .....`.~1!L_ . .......~:2~~..._.....C.~.t.,~--~---.
` Notarq Public i d for tLe ~tate snd Couaty~
oreaaid.
~ My commission e:picea~ ...:~~~~`~5
'-'.::~~~~~v
_ ' ' ' ~ ~ . .
. ~ _ ~
s Q Q _i • -
8~K22~. ~a~t~.401
~'f~~r. .;r . i