HomeMy WebLinkAbout1411 .
10. As additlonal ~ecurlty, the Mortgagors do hereb y transfer. asaign and set over to sald Mortga~se~ ~ny
and all rents now due, or to become due, on the above d escribed pnmises or any ~epsrata rentN pcemT~ appun
tensnt thereto, Nhtch sre sltuated on the land above deecrlbed; such nn4 to be collected by or ~t the direetlon o[
the Mortgagees and the ~et proceede thereot to be applfed to the lndebtedneas heninbetore ~ecuted. v aad wben
the same shsll become due and psyable; and for the purpoae of carrying out this pcovtdon the ~rs do
hereby constitute and sppolnt aaid Mortgagees as their true and lsw•tul attorney-ln-tact to coUect any an ~U reub
tor said abp~•e described premises, expressly authorizing the Atortgagees to recelpt teaanta thetefoc. and do by
theae presenta ratify and contirm any and alt acta of said attorney-in-[act in relation to the fotegoing power• Pro-
vided, however, that until the Jtortgagors shal! breach or be in default under any of the tetmi ot thli mortgags.
the Mortgagora ahall De permitted to collect and receive auch renta, is~uea atnd profits, but that upo11 such defwlt
or breach, the ~iortgageea shall automat[catl~ without notice become entliled to collect satd rents, l~sues aAd
prof[ts. Fallure to exercise the righta herein conferred ahall not conatitute a waiver thereo! by t1~e Mortgageea.
11. Dul~?. promptlq and tully to perforra. comply with and abide by each and every~ ths stipulntioiu. a~r~-
menta. conditions and covenants contained in the prior mortQage hereinabova described. if sny. and in the oblisa•
tion secured thereby.
12. Thnt in order more fully to protect the aecurity oi thia mort~a ~e tbe Mo~a~ o:~~ to~eth~r with ~ad iu
addition to the monthly psymeata under the terme of the note secured hereby and on t~fie aune d-a~r ot ~ach month
aa the payments under aaid note are dne and until aaid note is fuUq paid. it so reqnired by tl~e Mort~eN. ~ball
pay, to the ~dortgagees an instaliment of the taxea and aaseaamenta next to become due and lsvled or to bs levied
sgainat the mortgaged property ar?d an installment oi the premium or premiums next to become due andpay~
We
on the policies of iire and other l~azard insurance covering the mortg~ged pmperty, Snch instaliment~ shsll be
equal respect~vely to such estimated taxes and asaeasments and fire at~d other hazard insnranoe preaniums (aU as
eatimsted by the Mortgageea), less all sums alresdy paid thereon and di~rided by the nnmber oi the montLs that ase
to eLpae before one month prior to the date when auch taxea, asse~smenta or preminms ~rill beoome delinqneat,
such sums to be held by the 1liortgagees in trust to psy aaid premiams. taxea and asseaamenls.
IT IS MUTUALLY COVENANTED 4ND AGBEED by and between the Mortgagors end the Mo~ ~
that thia mortgage and the promissory note or notes secured hereby conatitute s FloridR contnet, and shal be
construed according to the laws of that State,
IN n'ITNESS WHERF.OF, the Mortgagors have executed this mortgage under seal the dsq and year tirst
above ~vritten.
;
ARr~WAK CONSTRUCTION Al~'` 5,+~k' ~~"r's.
Q~.~:
DEVE PMENT C ORA'~QI'~•''~~ ~ ~ ~ =
Signed. sealed and delivered ",t~ ~ o'••~ '
.r •
in the presence of: $ ,.~ti ~ ~ _
- .---.-Lw.-'-- = - - ~ t
Harry M Ferguso as t~ cs v~
. ~ ~i ATTEST . ' ;:t~ ?
~
.
/ -
_ .
~
~ `;;~A
...._C~.~....~.. B}~• aV ?
~ - - . -
• , Ro c . , s-Se~-r'ie~~ . ~
, ;'`~r;~i~.
- ~~-~--a~--~~:~,~....---~ ~~~-N~,~,.,,,..,~
~
STATE OF.-•-•••- -
sa.
COU~TY OF
Before me, the undersigned authosity. personalty appeared this t4q
to me well knav~n and known to be the individual.... deacribed in and who ezecuted the foregoing inatrument.
and acknowledged before me that executed the same for the purposes therein stated. '
WITNESS my hand and official seal this day of...-•---•--------•--,•-----•-_•-•-••-•---•---._...••_-•--•-••••---.., 19...........
• • •
Notary PuWic in and 1or the State and Countp aforesaid.
~iy commission expire~-•-----•
• ~T~ ANt~CY~7
~ T TE F. _FLORIDA ~ R ~11~~~ ~
s A O .
, . aE1lR IRCt{!~ QOYRf
' DU VA L aa. RECO~D UER~F~~O
;
C TY OF-----•-• -
~ ~ ~ a ~ ~'~3
Before me~ the undersigned anthority, peraooellq appeared tbis day ~ib~~~~~
~ .............Harr~r M. Fer~uson.......--•-----._ . and ......-----.Ro~er L.__Peterson-----------....
to me kno~vn to be the persons described in and who executed t6e foregoin~ instrumeilt sa ' ~ ~
Secreta ,
' President and ry, respectively of
AR.AWAK CONSTRUCTION AND DEVELOPMENT CORPORATION
i
the corporstion named therein, and they severally acknowledged to and brfore me that they executed the same
under the seal oi the corporation and aa the :ct and deed of 9aid eorporation. .
` :
~~G ~ • .
«ITNESS~ my hand and ofiici~l aeal this da ..........Novembel'' . . 19..73..
q of.. ....F:. -;..al••••-•~;
~J •.P~"._.:,._-:
~ , '
; . L~•-~._.. ~X.~
Notsry PnW in snd e S i~:Co oreaaid.
; j" ` ' a
. F„
. f C .'.4 r.1~~_.i.
~ My commiasion e:pites.~~..^.y~.~..,~T.~~.~cr`,7' ,
~ ; i ' ~
~ :
: t.~~. i
.
g~x221 oA~E1411