HomeMy WebLinkAbout1396 • • • 16. When say atnouat of money to be paid by the Mortgagor to the Mortgagee under the terms hereof shall be to default. or
should the Mortgagor default is any of the terms, provLioas or coaditiotu of th4 Mortgage, then sad in that case the Mortgagee
shall have the right, without snare to the Mortgagor, to collect and receive from any tenant or lessee of said mortgaged premises
the rents. iaues sad proRts of the real estate hereby mortgaged and the improvements thereon. sad co give proper receipts and
acquittances therefor, sad after paying all comntiasioaa of say rental agent coUectittg the same, sad any reasonable attorney's
fees and other necessary expenses iucurted to collecting same, to apply the proceeds of such collections upoa any indebtedness.
obligation or I1ablUty, of the Mortgagor hereunder. ?he right granted the Mortgagee under this paragraph shall be Ia addiaoa to.
anti shall not Umit or restrict any other right or rights granted the Mortgagee Ia this Mortgage.
17. That is the eveat that this Mortgage h gives to secure a construction loan, failure on the part of the Mortgagor or the
Mortgagor's contractor, architect. engineers. or sub-coatnctors to comply with the terms of the Construction Loan Agreement
dated which Is by reference incorporated herein. shall, at the option of
the Mortgagee, constitute a default hereunder.
18. In the event that the Mortgagor makes payment by check or checks that the Mortgagor has failed to properly endorse, the
Mortgagor does hereby appoiat the Mortgagee a: its attorney~ta-fact to supply oa behaUof the Mortgagor any sad all endorse-
ments necessary to negotiate said check or checks and the Mortgagor agrees to hoW the Mortgagee harmless from say llabiUty
whatsoever for supplying acid endorsement. Ia the event the Mortgagee shall cash a check for the Mortgagor sad same shall be
returned for ir?sullicient funds or say other reason so that the Mortgagee is unable to collect its money. then the Mortgagor
hereby authorises the Mortgagee to add said sum to the priaNpal balance of this Mortgage sad said sum shall be secured by acid
Promissory Note and Mortgsgs-as though it was an additional advance under the terrns_and conditions of this Mortgaga_ _
19. IT IS MUTUALLY CONVBNANTED AND AGRBED by sad between the parties hereto that upon request of the
Mortgagor, the Mortgagee may hereafter. at it option, at anytime within tea (10) years from the date hereof and before full pay
meat of this Mortgage and Note(s) secured hereby, make further advances to the Mortgagor and any such further advances. with
interest, shall be secured by this Mortgage and shall be evidenced by as additional Note then unpaid, and the total amount of
indebtedness that may be secured by this Mortgage may decrease or increase from time to time, but the total unpaid balance so
secured at any one time shall not exceed the maximum principal sum of = ,together with
interest thereon sad any and all disbursements made by the Mortgagee for the payment of taxes. levies. or insurance on the pro-
perty covered by the lien of this Mortgage with interest on such disbursements at the me specified in the Note referred to in this
Mortgage, and forreasomble attorneys-fees and court roars incurred in the collection of any or all of such-sums of money. _ . _
IN WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on the day and year herein
first above written.
Signed, sealed and delivered in the presence of:
E len Marie Z emba .
458654
~9~ SEP 13 P~ 2~ 22
FilEOJ?Nt)f~fCORiitO _1.
STATE OF Florida Si ~ COUNTY.FIA.
R pOiTRA :
~~~7
. ~ ~ V,
COUNTY OF St. Lucie IXEtMi~C1NT T
Before me personally appeared Ellen Maz~~a~T ~ •Y"-'
to me well known and known to me to be the individual described in and who execute fotsttbi~~4`~Lment,
and acknowledged before me that ~h~ executed the same for the purposes therein expressed,
e
~ WITNESS my hand and official seal this day of . ~9
Notary Public in and for
the County and State Af resaid._ _ _,E cj,,,,,; ;t
1`.
My commission expires: qty Cory..°ai,:~_.n Ex~itet ter:: q
STATE OF /,~e~car. fue a `
ss.
COUNTY OF
Before me personally appeared
and ~ , to me well known and
known to me to be the President and Secretary
respectively of ,the corporation
named in the foregoing instrument, and known to me to be the persons who as such officers of said corporation, executed
the same; and then and there the said and the said
did acknowledge before me that said
instrument is the free act and deed of said corporation by them respectively executed as such officers for the purpose
therein expressed; that the seal thereunto attached is the corporate seal by them in like capacity affixed; all under authority
in them duly vested by the Board of Directors of said corporation.
WITNESS my hand and official seal this day of , 19_
Notary Public in and for
the County and State Aforesaid.
My commission expires:
This instrument prepared by:
First National Bank tit Trust Co. of Stuart
• 8~~~316 P~1~~
P.O. Drawerc316