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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 of 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 said mortgaged premises
the •ents, issues and proRts of the real estate hereby mortgaged and the improvements thereon, and to give proper receipts and
acquittances therefor, and after paying sll commissiatu of any renal agent collecting the same, and any reasonable attorney's
fees and other necessary expettses 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, or subcontractors 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.
18. In the event that the Mortgagor makes payment by check or checks that the Mortgagor has failed to properly endorse, the
Mortgagor does hereb}• 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 blortgsgee 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 Aortgagor
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 of 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 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 an additional Note then unpaid, and the total amount of
indebtedness that may be secured by this hortgage 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 off _ N/A ,together with
interest thereon and any and all disbursements made by the Mortgagee for the`payment of taxes, levies, or insurance on the pro-
perry covered by the lien of this Mortgage with interest on such disbursements at the rate specified in the Note referred to in this
lllortgage, and for reasonable attorney's fees and court costs incurred in the collection of any or all of such sums of mone}•.
THIS IS A BALLOON HORTGAGE AND THE FINAL PAYMENT OR THE BALLOON DUE UPON MATURITY IS
$27,703.20, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE
MORTGAGEE UNDER THE TERMS OF TRIS HORTGAGE.
IN WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on the day and year herein
first above written.
Sign ,sealed and delivered in the presence of:
•
C EILEEN L. DEHLE
X919 OEC 21 A~ i l ~ 54
FILED /thC PECUKDtD
I,I STATE OF Florida 3 ROGER
POITRAS A•
COUNTY OF Martin CLERK CIRCUR COURT
$~COttO YERIFtEO_~~~
Before me personally appeared Eileen L. Dehler
to •me well known and known to mr to he the individua~drscribrd in and w•ho rxrcuted the foreRoinF insvument,
and ac owledged before me that S ht` executed the same for the purposes therein expressed.
~ i' • ~ {l{ ESS my hand and official seal this ~ ~ day of December 79 ,
; ~ j
. .
.
~ ~`-t N tan, Public in d for
• the Countt• and State Aforesaid.
f ~ .
BSI!,/
,Al~• commissio
:~,i'r~~F ~IQ~fU{lIC STalt u itC'><' •
NfT'~~"i ss. MY C.AMMISSION f7~IlES JISI~ to 19th
COb~TTY OF ;c1nDED THRU GEtJE~t/r.l :N' -•.rrc : i
Before me personally appeared
and , to mr well known and
known to me to br the President and Srcrrtan•
respectively of ,the corporation
named in the foregoing instrument, and knurw•n to me to be the persons who as such officers of said corporation, rxrcuted
the same; and then and there the said and the said
did acknowlydFr hrfon• mr that said
instrument is the free act and deed of said corporation by them rrsprctivrh• rxrcuted as such officers for the purprnr
therein expressed; that the seal thereunto attached is the corporate seal by them in {ikr capacity affixed; all under authority
,n them duly vested by the Board of Directors of said corporation.
u'ITIESS my hand and official seal this day of Iq
\otary Public in and for
the County and Stair ~lforrs:ud.
\h• commission expires:
This instrurnrnt prepared hy:
F=irst `ation:tl Bank do 'Trust Cu. of tituart
Sharen K. Welker f