HomeMy WebLinkAbout0566 ' 16: ~Iben any sanouat of enoeay to be paid by the Mortp~So: to the ltottgaSee under the; terms hereof shall be is de6ult, or
should the lii default in nay of the terms, ptovWoas a: conditions of thin YostSagt, rhea and in that cue the Mortgagee
shall have the~~ shout notice to the YorgaSor. to collect awd eeahe from sa)r teoaut of kssse of acid taottgsged premises
the reaa? itsuae anti proAa of the ral ante hereby mortSaged and the improvstasna thereon„ and to Sive proper receipts and
acquittances therefor, sod after payloS all commissions of any renal agent eollettinS the same, sod nay teasombk attorneys
feet' ind other nseeasary s~easa iacucred m cdkctie~ scene. oo apply tM proceeds of such colkctbw upon any indebtedness.
ob tea or UabUi4, of the 1[ for bereuader.lLe N
jht Spaced the li[ort~a
jee under this pae,s
jraph abaU be is addition to
srcd shall not Wait or restrict aQi~' abet c#Sht o: rISLa Started the 1[orgaSee is tWs D[orepSa
17. 'IUat in the event that this MottSage b Sivsn to iecute a construction lose, failure oa the pact of the Mortgagor or the
Mortgagor's coattaccos, architect, enSineets, or subcontractors to ootnply with the scraps of the Construction Loan Agreement
i dried 1!l ~ Z~Q whkh b by r~snnce incorporated herein, shall. at the option of
the Ito . coaatitu a defauh heceuesder.
18. In the event that the Moregagor makes payment by check or checks that the Mortgagor hu failed to properly endorse, the
MortSagor does hereby appoint the YortSs;ee as is attorney-is-fits to supply oa behalf of the Mort~or any and all endorse
mean accessary to negotiate said check or checks end the Mortgagor agrees to hold the Mortgagee hsrmlar from any liability
whatsoever for supplying saW endorsement. lie the event the Mortgagee shall cash a check for the Mortgsgor sad crane shall be
returnal for Insufliciept fund= or any other raison ~ that the Mortgagee 4 uaabk to collect its money. rhea the Mortgagor
herby svthorix~ t3~ Mortg m zdd zaM suns m tha priscipe! b~aCt ssfthis Mortgage and said sate e~hall be secured by mid
Promissoq Note and Mortgage u though it Gras an additional advance uttder the term: and conditions of this Mortgage:
19. IT IS MiT1VALLY CONVBNANTHD AND AGREED b~ and beteveea the patties hereto that upon request of the
Mortgagor, the Mortgagee may hereafter. at tt option, at anytime within tea (10) years from the date hereof and before full pay-
. meat of this Mortgage and Note(s) secured hereby, make further advances to the Mortgagor and nay such further advances, with
iatcrest. shall be secured by this Mortgage sad shag be evkkaced by an additional Note then unpaid. and the total smount of
itdebtedness that may be secured by thin Mortgage tray decrase or tacrea:e from time to time, but the total unpaid bshuxe ao
aecural st nay one time shall tat exceed the maximum prindpal sum oft N~A together with
interest thereon end-any sad all disbursements made by the Mortgsgee for the payment of tsxes~ levies. or insurance oa the pro- .
petty covered by the lien of this Mortgage with interest on such disbursements at the me specified is the Note referred to in this
Mortgage, and for teaaomble attorney's fees sad court cases 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 the day and year herein
first above written.
' Signed, sealed and delivered in the presence of
- - flat et' IIla
19~ ~E8 -S P~ ~ 44
Fl~rid8 ~~cult t~j
STATE OF
~II - ~ppYERIftEO~-
COUNTY OF Q~~~
Harvey Ulano .
Before me personally appeared
to me well known and known to me to be the individual- described in and who executed the foregoing instrument,
atal.ac~kl~rh:dged before me that _he- executed the same fqr the purposes therein expressed. 80
f ,s~.; ~~,~?jjyyt 3 ' yE
• • my hand and official seal this day of tv
.A
. ~ Notary Public in and for
" ~ ~ . ~ the County and Stata¦,l4fet~esaidr~ -
Q = ~ f~K iTIyE ~ IiC8fOr1 A7 tMta
~'a `~~yQ , My commission expi~
~ w E78t~ NR. M 1983
: ~ . _ ~ lnlant!1 M!t C31~lFUll It~lS . I~a9rQW~ti 1F15
QI:n;
Before me persoaaU geared
and , to me well known and
known to me to be the resident and Secretary
respectively of .the corporation
named in the foregoing instrument, and know o me to be the persons who as such officers of said corporation, executed
the samr, 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 t respectively executed as such officers for the purpose
therein expressed; that the seal thereunto attached is the corporal i 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 a for
the County and State Aforesaid.
My commission expires:
This rumens prepared by:
First Nate Bank ec Trust Co. of Scuarc p~ e~c~
Bt~~ PI6E
P.O. Drawer 2316
Stuart. Florida 33494