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16. >?nT srsxitmi of ! to be paid by the Yo:tS~os sa the 1[ottgagee wider the tasms hereof shall be in default. or
should the 1[argaSor disfiult in sa?y of the tecnw prrocrlNaos a eottditioas of thM YortpSe, rhea and in that case the YortpSee
shall Gave the rlSht, without aotios tb the YottSaSor, tp onUstt and teosivs from say tenant ~ leas of said mortgaSed premises
die teats ~ surd p~oflpt of the eesl eetass hereby mortSaSsd sad the improre~o thersoa. sad co Lire Proper recipes end -
aoquittaaeee therafor, and after payiaS ail comtnissiar ad[ atgr aiatal spat eo{l•cti~ die same. and a~ ressoaabk attoraey"s
flea sad Date: nscasa4 sapeasss iacacted eoiteeeWS same, sD apply ~ P of sum colkcdoaa upoaf say ittekbadaes~
obliptbo of Wbillty, of the b_
e:eunda:'l~e risht Scanted die M~atppe under this parsiraph ebaU be in additba to„
and shall swt limit aZ rescdctya~ rlSlu o:.rte Scaatad efts YoctpSee is thie a
17. That la the e~eat that this YortpSe is Siren to sscu:s a coasrruction loa4 failure oa the part of ate YortSaSor or the
ldortSaSor's catuactoc.architect. oc sttb-contactoa to ewaply wld? the tecats of the Coastcttction Loaa ASreereteat
~ PI/A which is by refecsnce iocorpo:aeed hernia, shsU, st the aptioa of
the YorgaSe~. coosdtute a defiuh ksreuadet: .
19. Ia tks erect thst the YorepSor makes paymsat b~ check or checks that the YottSaSor bas fiikd to properly endorse, the
YosgaSor dos hereby appoint the J~1ort;aSee as is aoorney-ia-fact to supply on behalf of the Yortp~o: auy sad aU endorse-~
meats neceaaty to aaSoe4ts said cbac>r of cbscks sad tM r ssrses to kola the YortSsgee harmless from say WbiUty
whaaosr~er f+orbneu~S said eadoeseaaeat. In the Brent the YoctSsSee ahaA ark a eked fo: the YortSsSor and same shall be .
retttraed for t fuad~ of say other reason sa that tke IdortpSee b usable to collect is money. then the Tt[ortSs~Sot
hereby auk the Yortppe tQ add said sum co the prlndpd balance of thb Mortgage sad said sum shall be secured by said
Promissory None sad YgrtSaSe a tkouSk it was sn additional adrartce under the terms sad coaditlaas of this Yorcgtrge. .
19. 1T IS 1[LPI~JALLY O~NVBNANTBD AND AGRBBD by sad between the parties hereto that upon. rerittest of the
l+tor~o~, the Yo:tpSee may hereafter. at it option, at anytime within ten (10) years from the data hereof sad before full par
meat of this A[ortpSe and Noa(s) secured hersbT. tnalce fu:tber adanca to the 1[urtpSor and stay such furdrer adrancet, wlth
interest, shall be secured by this Yo:tgaSe sad shall be erjdeaced by sa additiond Noce rhea unpaid, sad the total amount of
irxleb drat may be secreted by this >Atorepge may decruse or iacrwe from time to ttn?e, butthetotal unpaW bahuue w -
~ecuzed st any one time shall not exceed the maximum pdndpai sum of i NSA , together with.
t interest thereon and say sad aU disbursements made by the Mortgagee for the payment of taxes, !Braes. o: tasursnce on the pro-
petty covered by the lien of this Yortdage with laterest on suck disbwsemeata at the rate specified is the Note refereed to in tbb
E Mortgage, sad for reasotabk atooraey's fees sad rnurt costs incurred is the collection of any or aU of such sums of mosey.
IN WITNESS WHBRBOF, the acid Mortgagor has executed this mortgage under seal on the day sad year herein ~
Rrst shore writsea.
delivered is the presence off ~ ~ r .
1~~
~
STATH OF ~ ~ ' '?fit- ~ a ~ -
v 2 ss. FILE p i#•
COUNTY OF
Before me personally appeared ~1~ ~Fllil~ a~ BF,'NE!r ~Ft~ ~B CST -
;.8 : i
to me well known and know=`~be .the indivWu:1~ described in and who executed the foregoing instrument,
and +4clte~?Igd4ed befoA are d~ .ex~~to~the same for the purposes t/herein expressed.
m,~hitud'at1~ ofNtial sasd;t~u ~ ! ~ day ofy ~ 'f ~9 ~ .
s
f ~ ~ ' r ~.i` b!i for
~ s~`y~ ~~y~'..~ ~ the Co sad - resaid.
4 ~ , if y commission expires: ~ _ t
F , .T~c _ _ _ ~ ~ q_ V
i,~= -0
t ~nally appeared
-
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 known to be the persons who sa such officers of said corponrion, 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 them r ely executed as such officers for the purpose
~ _ therein expressed: that the seal thereunto ateached is the corporate seal by like capacity affixed; all under authority
~ in them duly rated 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 Stan Aforesaid
My commission expires:
This instrument prepared by:
First National Bank a< Tru:< Co. of Stuart
Shaven R. T~Ellcez 8~~ PNGE
P.O. Drawer 2316