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Home My WebLink About2869 ~ - 16. Wbea say amount of money to be paid by the Morgagor to the Mortgagee wader the terms hereof sbsU be in default, or ~ dtould the Mort~sgot tfefiult is say of the cerws. NrovWoas or eooditioas of this Mortgage. rhea tad in that cue the Mortpgee shall have the right, without tatke to the Mortgsgot. to collect gad receive from say tsaact oc lessee of Bald mortgt~gsd premises dte reaar hates tad ptofin of the real esaa bett:Dy taQrt;a jed gad the imprwemean ehereo0. gad to live proper receipts and acquittttacee therefor, sal after paying sq commbYoaa of any reseal agent collecting the same, and nay reasowbk sttorney'a fees tad other necessary e:petcsa incurred is collecting same, to apply the proceeds of such coUectioas upon nay indebtsdness. obliptioa or Uabitity, of the Mortgagor hereunder. The rl~ltt grated the IiLoetgasee under this paragaph shall be is addition co, gad shall tat WNt or restrict say other right to ri8bts r:±nsed the Mortgagee in th4 Mortgage. ~ . 17. 'T'hat in the event thst this Mortgage it given to secure a cotutrucaan loan, isilure oa the part of the Mortgagor or the Yo:tpgot's contractor, uchitect, englnet:n, or sub~coatractors to comply with the tetras of the Construction Loan Agreetaeat I dated N!A - wbkb is by reference incorporated herein, shill. at the option of the Mortgagee, consdtute a default hereunder. . 18. In the event that the Mortgagor makes payment by check or t.hecb that the Yorcgagor has failed to properly endorse, the Mortgagor does hereby appoint the Mortgagor s its stt~:,.elr-ia-fact to supply o:.~~lf ~f the Mortgagor nay gad all eadorse- mean necessary oo negotiate said check or checks sad the Mortgagor agrees to hold tlu Mortgagee baranless from any- liability wbttsoever for supplying said endorsement: Lt the event the Mortgagee a1,s11 asah :check for the Mortgagor snd same shall be returned for inatRkieat funds or sny other reason so that the Mortgagee L unable to collect in money, rhea the Mortgagor lere5y turbos+~es she Mortgages to eck! said s':m to the l+rincips! b~thnce of tbs. Morn~age and aid sum shall be secured by said . Ftorstiao:)r Note gad Mortgsge as though it wss ass sddstiotn! adva.~ u~r. she terms snd~coadisiors of this MOr~aga 19. IT IS M1lTITALLY CONVHNANTED AND AGIt13ED by and between the parties hereto that upon request of the Mortgagor, tht b/ortgaget: msy hereafter, st it Option, at an~INme s>ridri.. !-st (:aj years fmm 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 gad shall be evidenced by as additionsl Note rhea uripakl, and the total amount of indebtedness that tiny be secured by this Mortgage tray dettrue or iarxesae from time to time, but the total unpaid balance so secured at any one time shall not exceed the maximum prindpal sum of = NSA ,together with interest thereon attd any gad all dLbursementa made by the Mortgagee for the payment of taxes. levies. or insurance on the pro perry coveted by the lien of this Mortgage with interest oa such disbursements at the rate specified in the Note referred to in this Mortgage, gad for reasoasbk attorney's fees gad rnurt costs incurred in the coltectioa of any or all of such sums of money. 1~IIS .LS A HAIJAQ~i I~,A~B A1~ID ~ F'IIJAL PAS OR ~ BAZ~AQrT DtE j~ I~fA1~R1'IY IS . 17 898.00, 10G~'~ ~I_ AOCR[~ Il~T, Il~ ANY, Ai~ID AtL AnVA~1is ~ BY ~ MD~GA~ ZI~t ~ ~S OF ~S MC~Gl~. - tN WITNESS WHEREOF, the s_ aid Mortgagor has a:ecuted this mortgage under seal on the day and year herein first written.. - - Signed, scale eliver in the presence of - - j~ y - ~ csEAL) G, Royer - - ~ ~ - 'Gc`•~ . (SEAL) Cec lies S Ro r - STATE OF FLARIDA - COUNTY OF MARTIN. - ss. - - Before me personally appeued M. ROYER and CECILIA S. ROYER, his wife _ ` ~ a,rr, to me well known and known to me to be the individuals desc in and wrho ex toted _ - klait?Aj., and acknowledged before me that .~6 executed the same for th u therein ex r ~ - ~ WITNESS my hand and official seat this 6 day of ~ ~F~~:t. ~ •y _ ~ . p. K - - a .t - Notary Public in and for • ` ; ~ O , ' ~ G, ~ ~ ~ ~ ~ 1 the County and State. Aforesaid. '~i ' ~ S~, M commission ex rtes: /~f 'i -,j STATE OF fp 1?h'C CD v ~ - .lE Ci.iiliTY Fu. y Q ~ _rWfts'sfr- CO OF s~ERPOTC~,t4t ~ F41V~ J"I f~ERti CIRCUi Before m rsonally appeu~gq;,,~1iE~1F:CQ-- ~ _ and , to me a°ell known and known to me fo be the resident and Secretary - respectively of _ ,the corporation named in the foregoing instrument, and wrr to me to be the persons who as such officers of said corporation, executed the same; and then and thtre the said ~ and the said _ _ ~ - did acknowledge before me that said instrument is the free act and deed of said corporation by t respectively executed as such officers for the purpose therein expressed; chat the seal thereunto attachedu the corporate 1 by them in like capacity afYixed; all under authority . t in them duly vested by the Bond of Directors of said corporation _ _ € WITNESS my land and official seal this day of . I9 Noury Public in and fo - - the County gad State Afor - - . - ~ My commission expires: This r ment prepared by: - First Natio Bank do Trust Co. of Stuart M ~ P.O. Drawer 2316 _ B~iK~lt~r~ P~~~r~ Stuart. Flnrida 33494 - .