HomeMy WebLinkAbout1406 10. As addittonsl ~ecurity, the Mortgagors do hereb y transter, r.s~ign ~d set csvac to aatd Mart~a~ee~ ~.ny
and all rents now due, or to become due. on the sbove described pnmises or ar?y ~eparate tanW premi~e~ appur~
tensnt thereto, K•hlch sre situatM on the lqnd above deacrtbcd; such renb to be collected by or at ths directioe or
the Mortgagees and the net proceeds thereof to be spplied to the indebtednes~ heninbefore ~acured. ~s and when
the ssme shsll become due and paysDle; and for the purpose of csrrying out thL provision the MortQarora do
hereby constitute and appoint ssid Mortgagees as their true and iswful sttorney-ln-tact to collect any an~ a~l ranN
tor satd abqve de~cnbed premiaea, expressly authorizing the 1?Sortgagees to receipt tenanb thetefoe. and do by
these preaenta ratify euid confirm any and all acta ot aaid attorney-in-fact in relatlon to the fongo~?$ ~power• P~o-
Wded, however, that until the Aioctgagora ahall breach or be in detault under sny ot the terma of thf,s mottgag0.
the Mortgagora shall be permitted to collect artd receive auch rents, is9uea ar?d proflts. but that upon ~uch default
or breach, the I?tortgageea ahall automatlcally without notice become entitled' to eotlect Wd renta. 1que~ a~M
protits. Failure to exerclse the righta herein conferred shall not constitute a wsives thetYOt by tt?e ][ort~a~eea.
11. D~ily. promptly and lully ta periorm. coraply with and abide by each ~nd svery~ th~ sttpnlatiow. a~ree-
ments, conditions and covenants contained in the prior mort~a~e heretnabove described. ii any. and in the obusa-
tion aecnred tl~ereby.
lg. '1`}liL ~11 order mose fuliy to pTOtlCt Ld! ilCil?1Ly Ol Li`?ZD iuui sac wc a.vav
~~°.^.0~ t^~!~!!!' ind ~II
addition to the monthly psymenta under the termn oi the note secure~bereby and oa t~i~ sune d~ay of Mch moath
u the payments under said note are due snd until said note is inlly paid, i! ao nqnired by the ll[ort~a~~se~. shall
psy, to Lhe Mortgagees an installment of the taxea and assessmenta nezt to become dne and lsvied or to b~ leMed
agansL the mortga~ed property and an installment of the premium or premiams nezt to become dus sadpapa
bl~
on the policies of i~re and other liazard insurance coverinq the mortgsged pmperty. Such insWlmeuts sbsll be
equal respectiv~ely to auch estimated taxes snd asaeaamenta and fire and other hazard inanranee pre~tinms (all aa
eatimated Dy the Mortgagees). leas all sums already paid thereon and dimded by the nnmber a2 the months tbat are
to eLpae beiore one month prior to the date when auch ta:ea. assesaraents or premiums will beoome ddiuqneat,
such sums to be held by the Mortgagees in trust to pay aaid premiums. te~xea and assesaments.
IT IS MUTUALLY COVENANTED AND AGREED by and between the ]ldortgagor~ and the Morlga~es
thst this mortgage snd the promissory note or notes secored hereby constitute a Florida contract, and shall be
construed according to the laws of thst State.
IN NITNESS WHEREOF, the Mortgagors have executed this mortgage under aeal tbe dsy aad ye~tr tirst
above written.
S:1 j'.~.:',,
AR.AWAK CONSTRUCTION -
T ORPO '~i~~::`:
Signed, se 1 DEV LOPMEN ~
a ed and delivered y ` ,~w; ~ a'
in the presence of: $ • ~ "
~ ~ Ha r _ on s ,s~'s a~~~ % ~ a
~ A TTES - ~ ~ ~
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R . eterson, As Secrefa~E;~,-
.._.~:~:!-:r~,~...__..~~~?': y:~.¢~3,,,~~ •~~f~~~~~~ •
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STATE OF.....--• -
ss.
COUN'i'Y OF....-•--•-•-••------•---•--•••-•-•-••••••-••-•..----...-•••--.._.___...._..._...
Before me. the undersigned sut6ority~ personaily appeared thi~ dsy ,
to me well known and known to be the individual_... deacribed in and who executed the foregoing inatrument.
and acknowledged before me that ezecuted the same for the purposea therein atated.
WITNESS my hand and official seal this day of....----..._..._..----••-•---••-----•--..._...-•------••--••--••---... 19---__.....
Notary Pubiic in and far the State and Countp aforesaid.
; My commission expires...----...-•
. i D A 0~~TY fL~
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f ` : ' Roc~a
Fo~T ~s~ ~6p,
: STATE OF.._.-•-----•--•• FLORIDA_..---...-~ EQM ~I~~~ tt~NMfi -
; NEO~RD VERtfItO ~
~ COUNTY OF DUVAL - t~
as. ~ ~ ~ ~ ~
° Before me. the undersi~ned anthority~ personallq sppeared thia daq ( 5'Z'1
; Harry_M._Ferguson snd ~ RA.gex..L..._.P..e.ters~o~n....._...
' to me kno~rn to be tbe persona d_scribed in and who executed the fore~oin~ instrument as '
i President and Secretary, respectivelY ot - ~
: .................•---...,A~A:VY.AK._G0.11I3TRU.C.TI!~N ANII-,IIEU~~4~ME-1~FT--G4I~PF}1~.:~43'~i0i~i--..,
the corporation nemed therein, and they severally acknowledged to and before me that lbey executed the seme
under the aeal oi the corpor~tion and sa the act and deed of aaid corporation.
` 1t ITNESS my hand and ofiicial seal this daq oi......._..._...---_..~oyer~~ez . 19.....7.3.
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` .:1./..1,~. ~
4'.,.,.
Notary Pu~ in- _ t~te and:County aforesaid.
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~ My commisaion ezpirQs.:..~F.~"._... . ~
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