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16. When any 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, provisions or conditions of this Mortgage, then and in that case the Mortgagce
shall have the right, without notice to the Mortgagor, to collect and receive from any tenant or lessee of said mortgaged premises
the rents, issues and proRts of the real estate hereby mortgaged and the improvements thereon. and to give proper receipts and
acquittances therefor, and after paying all commissions of any rental agent collecting the same, and any reasonable attorney's
fees and other necessary expenses Incurred in collecting same. to apply the proceeds of such collections upon any indebtedness,
obligation or liability, of the Mortgagor hereunder. The right granted the Mortgagee under this paragraph shall be in addition to,
and shall not limit or restrict any other right or rights granted the Mortgagee in this Mortgage.
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 s contractor, architect, engineers, orsub-contractors to comply with the terms of the Construction Loan Agreement
dated N~A____ _ _ _ _ which is by reference incorporated herein, shall, at the option of
the Mortgagee, constitute a default hereunder.
1 S. in the event that the Mortgagor makes payment by check or checks that the Mortgagor has failed to properly endorse, the
Mortgagor does hereby appoint the Mortgagee-as its attorney-in-fact to supply on behalf of the Mortgagor any and all endorse-
ments necessary to negotiate said check or checks and the Mortgagor agrees to hold the Mortgagee harmless from any liability
whatsoever for supplying said endorsement. In the event the Mortgagee shall cash a check for the Mortgagor and same shall be
returned for insufficient funds or any other reason so that the Mortgagee is unable to collect its money, then the Mortgagor
hereby authorizes the Mortgagee to add said sum to the principal balance of this Mortgage and said sum shall be secured by said }
Promissory Note and Mortgage as though it was an additional advance under the terms and conditions oC this Mortgage. ;
19. IT IS MUTUALLY CONVENANTED AND AGREED by and between the parties 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 full pay-
ment ofthis Aortgage 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 an additional Note then unpaid, and the total amount of
indebtedness that maybe secured by this Mortgage may decrease or increase from time to time, but the total unpaid balance so
secured ac any one time shall not exceed the maximum principal sum of i 1~~ ~~~Q.~~ ,together with
interest thereon and any and all disbursements made by the Mortgagee for the payment of taxes, levies, or insurance nn the pro-
petty 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 collection of any or all of such sums of money.
IN WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on t day and year herein
first above written.
Signed, sealed and delivered in the presence of:
~1 ~'Ia~ ~.~;.~~n.Q-x cal--~
•.oEO
iT.IUCI~ f~A.
-1 ~ - EN LOP A. GEAR
CLERK.. ~~i ..LRL A
STATE OF Florida oE~ ~ (O 11 ~'1 h 48'7861
f couNTY of Martin ss. .
Before me personally appeared John A. Gear and Penelope A. Gear
I
to me well known and known to me to ~r the individuaL.S described in and w•hu executed the foreRoinF instrument,
pad acknowledged before me that ~ht~ executed the same for the purposes therein expressed.
.•••.i. ~q
_ - WITNESS my hand and official seal this IaCV~•v day of September 79 i
S ~ Win: - - ~_.Gy/,t.~ ~~~~~TGtJt/1'~~'~~.h~
~"J Notary Public in and for
r,:~
- the County and State Aforesaid.
~~.q -
`r e~ My commission expires: ~ ~ • •Q i
S't11~ OF /lT u~1 ~ .18 t9tt
COUNTY OF zY• ~,h •K•t0f4RMR1TFi:3
Befog mr personally appeared
and , to me well known and
know : to me to be the President and ~ Secretan•
rrspecti~•eh• of ,the corporation
named in the foreKoing instrument, and know, ~ mr to be the persons who as such officers of said corporation, rxecated
t the same; and then and there the said and the said
did acknow•ledRr before me that said
instrument is the free act and deed of said corporation by them respect executed as such officers for the purpose
therein expressed; that the seal thereunto attached is the corporate seal by them 'ke capacity affixed: all under authurit}•
in them duh• vested by the Board of Directors of said corporation.
Vt'ITNESS my hand and official seal this day of , 19-_
Nutarv Public in and for
- the Count~• and State Aforesaid.
My commission expires:
"1'hi~ instnintent prepared by:
f=irst \atiunal Bank Qt Trust (:o. of Stuart
Sharen K. Welker
P.O. Drawer 2i1G (ik~~,i _ {~1