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10. As additlonal aecurlty, the Mortga~ors ~M herab y trsruter. asalgn and ~et over to ~ald l~[or asea ~r~y
and ~11 rents now du0. or to become due, an the above described pnmue~ or any aepar~tte reat~t p appur~
teaant thereto, which are situated on the land abovs deacribed; such renb to be collected by or at tM directlon of
the biur2gagees artd the net proceeda thereot to be spplied to the indebteMe~a heselnbefor~ ~ecured. a~ and when
the same shall become due snd payable; and for Ne purpose oi carrytng out tAia provi~ioa the Mo~ajon do
hereby constitute and eppoint aald Mortgagees u their true and lawtul attorney-in-fact to oollect ~?ny an~l aU ret~t~
for aaid abpve described prnmises, expreasly authorising the ~tortgagees to recelpt tenant~ theretor. ~nd do by
Lheae presents rattfy asd confirm any and al! acts of said attorney-in-fact 1n relsdon to the fongo powee; Pro-
Wded. however, that until the 1?tortgagora ahall breach o~ be In default under any oi the ternna oi~ marLe~e. (
the Mortgsgors ahall be permitted to collect and receive auch re~ts. taaues and proifta. but thst upon such dafault '
or breach, the Mortgagees ahall automattcally w~ithout notice become ea~tltled' to collect raid ret~ta. laue~ and i
prniit~. Failure to exercise the righta hetein contentid ehall not conatttute e walver thereof by the ][ort~a.
11. Dul~r. promptiy and tutiy to pertorai. comply aith and abide by each ~nd every ths stipulations.
ments. tonditiona aAd covenants conta~ned in the prIor mortes~e hereinsbove deicribed. if any. snd ia th~ ob~-
tion aecured thereby.
:P That in order more luUy ta protect the ~ecuri~y of this mo~ ~e tha Mort~a~or~. to~ethu witb and ia
addltion to tha monthly payments under the terme of ths note securecChereb~ and on th~ um~ da a~ ~ach monlh
re
u the payments under said note are due and until aaid note is f~illy psid~ ii w reqnired b~ tbe ortsss~s. ahalt
p~y,to the Mortgagees an installment of the ta~cea and asseaameata nert to beeome dus and ls~ied or to b~ laded
a~a~~st the mortg
a~ed pmperty and an insUsllment oi the premium or preminms next to become due andpa~a bi~
on the policies of i~re end other ~azard insurance covering the mortgsged property. 3mb 3nsWlmenL sbsll bs
equal respecti~ely to such estimsted taxes and aaseasments and fire snd other hazard instuance preminms (all u
estimsted by the Mortgageea). leas all sums already paid thereon and divided by the number a~ the ;aont~s tbat are
to tlapse before one mont~ prior to the date when snch ta:es. sasesaments or preminms wW beoome delinquant,
auch sums to be held bq the Mortgageea in trust to paq aaid pseminma. taxes and asseeamenb.
1T 1S DdUTUALLY COVENANTED AND AGREED by and between the Mortea~ors snd the I[o
that this mortgage and t6e promissory note or notes secured hereby conetitate s Florida contnct~ and slis be
conatrued according to the laws of that State. _
IN NITNESS WHEREOF. the Mortgagors have executed thia mortgage under aeal the dty and yesr i{rit
above ~vritten.
• ARAWAK CONSTRUCTION AND
DEVELOPMENT C PORATION
Signed. sealed and delivered ~ ~;i;~~
in the presence of: B~I• ji//\
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~,~-c..~,~'.._~ ATTEST• 4 ~
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By.:.......--- . L-: . . n ~
:~S E ` ° °a -
' l r~o r . Pe erson, as ~o~e~ar q. ~:i r:
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STATE OF....--•- -
sa.
COUI~TY OF
Before me, the underaigned suthority, personally appeared this daq
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.................~-----•-•._.._...._.__._..._.__...----------_....---••-•--••--•-•_-••-••---•--..._........---._.._..--•----•-•--•••-•-•-----•--._.....__.._._._•--.._._.._.........Y._... ;
to me well known and known to be the individaal.... described in and who ezecuted the foregoing instsument,
and acknowledged before me that ezecuted the aame tor the purposea therein ststed.
WITNESS my hand snd ofticial seai this daq oi•-••--•-.........._--••--•--•--•_---•--......--•--•__...._....__.., 19.--•.._--•
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Notary Public in and tor Lhe State and Countq aforeaaid. ~
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~ biq commisaion expires.--~--...-•---•--•--......--•-.....---••--•--•--•--........_... ;
E F1~E0 Alt~ RECOADEe ~
! FLORIDA n-~~~E CouMtrfU. ~
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~ STATE OF..._...-•---.....__..---._ tIERK~Ei~~,:Cll1 C URT .
RFCGfl: v~Fif tE0 `
; COUNTY OF
.............~Uv~~a......._..__......------...__...._...._.
' DEC !0 ~ 28
s Before me, the undersigned authority, peraonally appeared this day
` 2'7414'7
~ Harr M. Fer uson Ro er L. Peterson
; ......__._._..........Y...__._..._._---...~ and
~ to me known to be tbt persona deaeribed in and who exec~ted tbe foregoin~ instrument sa
` Preaident and Secretary~ respectivelY oi ~
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; ARAWAK CONSTRUCTION AND DEVELOPMENT CORPORATION,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, :
5 . .
Lhe corporation named therein, snd they severally acknowledged to and before me that t6eq ezecuted the same
't under the seal oi the corporation and as the act and deed of said corporation.
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° ~ti ITNESS my Eund ~?nd otijcial seal this ..P..~.----••----- daq oi...._._~9.Y.~~~'.......»..........__._.._.._.... 19....?3.
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= Notary Pn . In. .td•a~qd-C°unty aforesaid.
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