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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 or 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 rents, issues snd profit: of the real state hereby mortgaged snd the improvements thereon, and to give proper receipts and
acqultances therefor, and after paying all commissions of any renal agent collecting the same, and any reasonable attorney's
fees and other necessary expenses incurred in collecting acme, 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 sub•contnctora to comply with the terms of the Construction Loan Agreement
I 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 hereby 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 of checks and the Mortgagor agrees to hold the Mortgagee harmless from any liability
whatsoever for supplying said endorsement. In the event the Mortgagee 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 Mortgagor
hereby autharizes the Mortgagee to add said sum to the lrincipal 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 coal amount of
indebtedness that may be secured by this Mortgage 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
Mortgage, and for reasonable attorney's fees and court costs incurred in the collection of any or all of such sums of money.
1IIIS IS A BAIIAQJ M~t'IC~AL~ !SID ~ FINAL PA~Nf OR ~ BAIiAQ1 IX~ tA'(N NAIURIZ'Y IS
3 388.21, TOC~Z4~R WTIH A~~ Il~'ST, IF ANY, AMID"-AIL ATNAN(~IIJlS I3e'~ BY ~
~ ~1S OF 1i~S M~t'P(aAGE.
IN WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on cite day and year herein
first above written
Signed, sealed and delivered in the presence of
B. -
.
N 20
ftLEC AMC Fa:O~t?:
ST.lUC1E CCUNTY.fI A.
f ~~(j C~ CLERK C RGUtT COJR7
STATE OF
COUNTY OF -
Karel B. Peslninkr a married man '4 /
Seforr me persoruily appeared
~ to me well knowm and known to me to be the individual Sdescribed in and who executed the foregoing instrument.
and acknowledged before me that '~he~ executed the same fo the purposes therein expressed.
~L.'"g~,VR1TNESS my hand and official seal this ~ 3~ day of .
~ L/
' Notary Public in and for
• the Countv and State Aforesaid.
ROBERT L CORWIN
• A1y commission expires: ~ATiORNfY AT-LAW
-STATE OF NOTARY PUBLIC, State of Flew York
ss. !10. 52-0771300 • Suffolk County
CO OF Term Fires Narch 30, 1981 /L~
Before rsonaily appeared / 0
and , to me well known and
known to me to be the President and Secretan•
respectively of ,the corporation
named in the foregoing instrument, and kno o me to be the persons who as such officers of said rorporation. executed
the same; and then and there the said and the said
If did acknowiedge before me that said
0
instrument is the free act and deed of said corporation by them res iveiy executed as such officers for the purpose
therein expressed; that the seal thereunto attached is the corporate seal by t in like capacity affixed; all under authority
in them duly vested by the Board of Directors of said corporation.
R'ITNESS my hand and official seal this day of . 19_
Notary Public in and for •
' the County and State Aforesaid. #
M~ commission expires:
instrument prepared hy-.
First ~ tional Bank do Trust Co. of Stuart
P.O. Drawer 231 _
Stuart. Florida 3 1494 _