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16. Wbes> nay atrawtt of mossy m bt paid by tht l[ottgagot to tbt N undo the crass Mceof ahsU bt in dsfauit, or
~ t]N l~o* dafauit is ray of the eetass. provitiotM o* coaditioae O[ ~11Y Rart~. t~1ln i11~ iA that Ca/a lift Y
l shall haws tb~ dlf;bR wittfout twdce to lbt lbapps. to coiltit sad tacet~t from any tenant o: Mwet of said afottpded pcemlaa
tbs reab? itstltt and pto~ta o[ th* rani sstate hereby mortpged snd eht itaprOVSmtnb thersoa. and to ghe proper recsipb and
acquictaacss ehsafo~ anal afoa payieg all ooatioiMioat of say teatsl agea~t coilecWtg dfe cone, sad any resanabls attorney's
btss sad atber atossa~r~~aperwsa iucuarsd is col{scdog tams, eo sp~ ebe pcoctsds of such collettioas upon nay irldeboedaar,
uw wa+.~iyw .w..w......
ob or lisblUty. at q1t Koetg~or oaeraoer. Tai - _ _ - ` I~•~•P :b:~ be ~ -~i~ to. -
ard
~ lisalt oc nse:iet ~ otira risllt or rlgltb getattd eats 1[oresagss m this 1[ortgaga
17. '!flat is the sweat floc thM Mortgage B gtvea to secure a noasutlcdan ban. failure oa the part of the Moztgagor or tht
Mortiagos'a eoatractor. architect, eagiaescar ar afb~coauactors to comply with the tetrns of the Coastructioa I.oa4 Agreement
~ dated I1/A which is by refertttes incorporated herein, sbsp. at the opdon of
the Mortgagee, caastitutt a dsfauk persuade:
1 f1. In the event that the Mortgagor maka payment by check or checks that the Mortgagor has failed to properly endorse.the
l[ortpgos does hereby ytptfiat the Mortgagee as ib attornsy~in-fact to supply on behalf of the ltortp~or any utd all eadozso-
mesa aeeessary so as~otfatt said check os tdyecb sad the Mortgagor agcaa co hold the Nortpaee pruatks~ from any liability
wpatsoever for~utw~p said erdomement. to the event the Mortpgoe shall cash:check for the Mortgagor and same shall be
_ :±~.e*~a f%•r + !!l! t fimda er any other reawn so that the ltortpPee is unable to collect ib moael?. then the h[ort~or
hereby autporises the Moctgsgee m add said soar oo the psiaalpal balance of this Mortgage sad said sum shall be secured by said .
Promissory Note and Mortgage m though it was an additional advance under the terms sad conditbrp of this Mortgage.
l9. 1T IS MUTUALLY ~NV$NAN?BU AND AGRBBD by safd between the parties hereto that upon request of.the -
• Mortgagor. the Yostgagee may hereafter, at it option, at saytune within ten (10) yeah from the date hereof and before full pay
went 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 M and shall be evWenced by as additional Note then unpaid, and the tool amount of
utdebtedaesa that may be secured by is Mortgage may deccaue or increase from tune to time. but the tobl unpaid. balance so
secured at nay one time shall not ercesd the maximum prIndpsl sum of = ,together with
interest thereon and any and all disbuaaaenb made by the Mortgagee for the payment of taxes, levies, or insurance on the pro-
perty covered by the lisp of thb Mortgage with utterest on such disbursemenb at the rate specified in the Note referred to in this
Mortgage, and for reasonable attorney's fees and court cosh incurred ut the collecdoa of any or all of such awns of money.
IIV WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on the day and year herein
_ tltac above written. ~ ~ .
Sig~1. sealed and dellve~ in the presence of
`yCa
~
lu.»t
~ ~ x'75163
~ fE6 -5 AM 1~ 48
S . i
ci ~~°~0i?.
Y.f~
STATE OF FLORIDA P,LREfilf CIRCINT RA T
.COUNTY OF r~AR~TIN ~ RECQItB ~'ERtFtED_
Before me personally appeared WILLIAM W • JOHNSON
a a? sad known to me to be the individual-described in and ~rho executed the foregoing instrument.
- ~ ~ ore me that _he_ executed the same for the purposes therein expressed
f 8~
. i. ~i - ' ~ February .9
f ~ ~1; . ~ - i my land and ofliciil seal this 4th day of
-'x:
r
. ~ ~ sit
~c Notary Public in and for
the County and SatFltt~s=tt>' - -
` e20tA[Y Pty Si
A7F ~ RrOtIDN AT tAft~
, My commission expire~r a1AAAsf5dN~4t]tyt1P5 ut_ ~ iv5_°
COUNTY OF ~
19~
Before me persomlly apparel
and , to me well known and
known to me to be the President and Secretary
respectively of ,the corporation
named in the foregoing instrument, and known 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 respectively executed as such officers for the purpose
_ therein expressed; that the seal thereunto ata~ched is the corporate seal by them in like capacity affixed; all under authority
in them duly vested by the Board of Directors of said corporation.
WITNESS my hand and official seal this day of , 19-
Notary Public in and for
the County and State Aforesaid.
My commission expires:
This instrument prepared by:
First National Bank do Trust Co. of Stwrt
P_A_ Drawer 2;16 ~