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' 16, When fury amount of to be b the Y or to the YortSagss ttndec dte tsrn?s bsrsolshaR bs a default, of
~y ~ r ~s
should chs YortSaSor default in say of the tsrms, pcovWons or conditions of this YortpSe, rhea and in that as the Mortgagee
shall have the right, without notks to tits YoapSot, to coLsct sad recslvs from any izuint or lessee of said mortgaged prentisss
the reran. lazes anti profia of tits rani ssgta hsrsby mortSaSed sad the improvsmsna tbsreo0. std to Save proper receipa and
ttequIttsaces therefor, and afro payLnS aq commiesioas of any rental sgsat collectittS the seas. and say reasonable attorney's
fees and other necessary expenses incurred let colkcdnS Sams. to apply tbs proceeds of such collections upon say indebtedness.
obliSadon of liability, of the YortpSor hereunder. Y'he riSht Staatsd the YortpSee under this paraSaph shall be in additba t0.
std shall not limit or restrict any other riSht or riSlta Brasted the YortSaSse in this 1[ortgaSe:
17. 'that in the event that this YortSsge is Siven to secure t ooastrucdon loan. failure oa the part of the Mortgagor or the
YortgaSot•s contractor, architeeK, ettginesrs, or aub•coatractors to comply with the terms of the Coastrucdoa Loan Agreement
dated N/A whkh is by reference incorpontad herein, shall, at the option of
the Mortgagee, constitute s default hereunder. -
18. In the event that the Mortgago: males paymeatby ch«k or checks that the Mortgagor has filled to properly endorse, the
Mortgagor don hereby appoint the Mortgagee as is attorney~ia-fact oo supply oa behalf of the Mortgagor nay anti all etdorse~
mesa aeressary to neSodate said check ~ checks and the Mortgagor aStea to hold the Mortgagee humkss from any liability
whatsoever for supplyiuS aid etdorsemcnt. In the event the YonpSee shall ash s check for the Mortgagor anti aurae shall be
returned for in:uflldent funds of say other reason m that the Mortgagee V unable to collect is money, then the Mortgagor
hereby authorizes the Mortgagee to add aid sum to the principal balance of this Mortgage and said sum shall be secured by aid
Promissory Note sad Mortgage s: though it was as addltioaal advance undo the terms and conditions of this Mortgage.
19. IT IS MUTUALLY CONVBNANTBD AND AG1tIi8D by and between the parch hereto that upon request of the
Mortgagor, the Mortgagee may hereafter, at it option, at anytime within ten (10) years from the date hereof and before fuq pay
meat of this Mortgage and Note(:)secured hereby. make further advances to the Mortgagor and any such further advances, with
interest, shall be secured by this Mortgage and shag be evidenced by as additional Note then unpaid. sad the total amount of
indebtedness Hurt maybe secured by this Mortgage may decrease or increase from time to time. but the total unpaid baLnce so
secured at any one time shall not ezceed the maximum principal sum of ~ _ NIA .together with
taterest thereon sad any and all disbursements made by the Mortgagee for the payment of taxes. levies, of insurance on the pro-
petty covered by the lien of this Mortgage with interest on such disbursemena at the rate specified in the Note referred to in this.
Mortgage, std for reasonable attorney's fees and court Cosa incurred in the collection of any or all of such sutras of money.
IN WITNESS WHEREOF. the said Mortgagor has executed this mortgage under seal on the day and year herein
first shove written.
Signed. sealed and delivered in the presence of: "
r , /
X ~
• s --C~
eene s
STATE OF fl-ORIDA
couNrY oF_ MARTIN ~
Before me personally appeared DAVID J. iiAI.SN and MADELEINE M. WAI.SH
to me well knowm and known to me to be the individuates described in and who executed the foreRoirrg instrument.
and acknowledged before me chat ~he~ executed the sam~for the purposes therein expressed.
- i r tJaPI~S1TF-SS my h:od and official seal this ~D ~ day of 'Sept r 79
• - Notan? Public in and for
f ~ - .~~>=l - p ii ktCtl~~ the County and State Af.,..~ id
~t . ~ ~ r.2 , _ R POl S My commission expir~~K~O~Rfi~
- ~ CIRdAT ~~Ilflll•Olfl/fls Atl.lMgi
b-
'',s,~ , , ~ YER114f 0 ~ ~ 11~ ~llt 1st . IiBlaRfli
$efore me"personally appeared
and to me well known and
known co me to be the president and Secretary
respectively of the corporation
mmed in the foregoirrg instrument, and known to me to be the persons who u such officers of said corporation, exECUted
the same-, and thm and there the said and the said
did ukaowledRe before me that said
instrument is the free as sad deed of said corporation by them resptctively executed as such officers for the purpose
therein expressed; that the seal thereunto attuhed is the corporate seal by them in like capuity affixed: all under authority
in them duly vested by the Bostd of Duectars of said corporation.
WITNESS my hand and official seal this day of , l9
Notuy Public in and for
the County and State Aforesaid.
" My commissron expires:
This instrument pcepared by:
First National Bank ~ Trust Co, of Stuart
Sh~iren K. Mel leer
P.Q. Drawer 2316 g~t~ -
Stuart. Florida ~ 1s91