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16. When say amount of money to be paid by the Mortgagor to the Mortgagee under the terms hereof shall be in default, or
should the Mortgagor default in any of the terms, psoviatotu or conditions of this Mortgage. then and in that case the Mortgagee
shall have the right, without notice to the Mortgagor, to collect and receive from any tenant or lessee of acid mortgaged prRmisas
the rents, issues and profits of the real taste hereby mortgaged and the improvements thereon, and to give proper receipts srid
aequittsttces therefor, and after paying all commissions of any renal agent collecting the same, sad sAy reasowbk attorney's
fees and other necessary expenses incurred in collecting acme, to apply the proceeds of such collectioaa upon any indebtedness,
obUgatloA or liability, of the Mortgagor hereunder. The right granted the Mortgagee under thb paragaph shall be in additioa.ta,
sad shall sot limit or restrict any other Nght or rights granted the Mortgagee in this Mortgages
17. 'That in the event that this Mortgage is given to secure a construction loan, failure on the part of the Mortgagor or the
Mortgagor a contractor, architect, engineers, or sub-contractors to comply with the terms of the Construction Loan Agreement
dated p/A which b by reference Incorpoated 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 hsa failed to properly eadorae. the
Mortgagor does hereby appoint the Mortgagee as Its attorney-in-fact to supply on behalf of the Mortgagor any and all endorac
meats aecesury to negotiate acid check or checks and the Mortgagor agrees to hold the Mortgagee harmless from any liability
whatsoever for aupplyiag said endoraernent. In the event the Mortgagee shall cash a check for the Mortgagor and same shall be
returned for itauEllNeat funds or any other reason so that the idottgagee is unable to collect its money, then the Mortgagor
hereby
authorises the Mortgagee to add said aura to the principal balance of this Mortgage sad said sum shall be secured by said
Promissory Note and Mortgage as though it was sn additional advance under the terms and conditions of this Mortgage.
19. TT IS MUTUALLY CONVHNANTED AND AGREED by and between the parties hareto 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 full pay-
ment of this Mortgage and Note{sj aecuced 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 an additional Note then unpaid, and the fatal 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 i---hi~A______-_ ,together with
interest thereon sad any and all disbursements made by the Mortgagee for the payment of axes, levies. or insurance oa the pro- -
perty covered by the lien of this Mortgage with interest on such disbursements at the rate specified in the Note referred to in this-
Mortgage, and for reasonable attorney's fees and court costs incurred In the coUecNon of say or all of such sums of money.
IIV 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: ' .
Y -
~ - Peter A. Znraw -
'.~I9 OCi -3 P?~i ~ 53
sli-EC,~~~jj~.pSflA.
~~t i~tlit?
STATE OF F'LLIRI.LIA _ RECOt~ YERif lEb
COUNTY OF MARTIN
~6~~
Before me personally appeared - PFTF.R A _ ZURAWSRI~ a single 1Rdn. _
to me well known and knows to me to be-the individual-described in and who executed the forego~n~~,-rtypeat,
and acknowledged before me that _h~ executed the same for the purposes therein expressed. ~ • -t -+tf,
_ S ~ ~ "ten
WITNESS my hand and official seal this l day of October ~-~~nq~`'
Notary Public in and for ~ ~ ,r, .
_ the County and State Aforesaidtae_ - ~ ~ ~ f.
My commission expiref,}~T ~
STATE OF _ ~tR~` Qi, IA I~T 1ARC,'g'
C OF _ MY tt~~13 ~ ` •~V'/RYTIftS
EO~~tDtD i
Before rsonally appeared ,'I~ ~ ',"''e" tltl~
and , to me well known and `l
known to me to be the President and _ Secretary
respectively of ,the corporation "
named in the foregoing instrument, and kn 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 r ectively executed as such officers for the purpose -
therein expressed; that the seal thereunto attached is the corporate seal b em in like capacity affixed; all under authority
in them duly vested by the Board of Directors of said corporation
WITNESS my hand sad official seal this day of , 19_
- Notary Public in and for ,
_ the County and State Aforesaid
My commission expires:
This inst eat prepared bv: ~K 3~.7 p~z40Q
First Natiom k do Trust Co. of Stuart 8(jQ~
P.O. Drawer 2316