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' - 16. When any amount of money to bt 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, provi~igns or copdicions of this Mortgage, then and in that case the I?tortgagee
shall have the right, without notice to the Mortgagor, to collect and receive from any tenant oc lessee of said mortgaged premises
t.te rents. issues and profits of the real estate hereby mortgaged and the improvements thereon, and to give proper receipts and
acquittances therefor, and after paying all commissions of any rental agtnt collecting the same, and ant reasonable attorney's
fees and other necesury expenses incurred in collecting same, to apply ehe 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.
1T. That in the event that this illortgage is given to secure a construction loan, failure on the part of the I?tortgagor or the
Mortgagor's contractor, architect, engineers, or subcontractors to comply with the terms of the Construction Loan Agreement
dated A NSA _ - _-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
I?fottgagor does hereby appoint the Mortgagee as its attorney-in-fact to supply on behalf of the 1ltortgagor any and all endorse-
ments necessary to negotiate uid check or checks and the Mortgagor agrees to hold the I?tottgagee 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 authorizes the Mortgagee to add said sum to the principal balance of this 1ltortgage 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 bortgage.
19. IT IS MUTUALLY CONVENANTED AND AGREED by and between the parties hereto that upon request of the
Mortgagor, the 1ltortgagee may hereafter, at it option, at anytime within ten (l o) years from the date hereof and before full pay-
ment of this 1lfortgage and Note(s) secured hereby, make furchec advances to the Iltortgagor and any such further advances, with
interest, shall be secured by this 1ltortgage and shall be evidenced by an additional Note then unpaid, and the total amount of
indebtedness that maybe secured by this Jortgage 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 of i-__-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-
petty covered by the lien of this Mortgage with interest on such disbursements at the rate specified in the Note referred to in this
\lortgage<, and for reasonable attorney's fees and court cosec incurred in the collection of any or all of such sums of money.
1IIIS IS A BAIIACN M~i~(a~ AMID ~ FIldAI. PA~Tr OR ~ BAIIADr1 I~ I~CN MfA1URTt'Y IS
9 831.00 7~0(~'Ii~t WTiii AO(~8~ Il~I~, IF ANY, AND AIL ADVANCII~@TI5 MAC BY 1~
iER ~ ~ZS OF 1~IIS M~iCaA(~ .
IN WITNESS WHEREOF, the said bortgagor has executed this mortgage under seal on the day and year herein
first above writeert.
Signed, sealed and delivered in the presence of:
O L~'
~ L.
Patricia Pa eY
STATE OF_' f~, -
COUNTY OFD ~
Before me personally appeared DO[k~l'd L• Pat~ey a~ Patricia A. Paisley, YriLSb3nd and Wife
to me well known and known to me to br the indieidua~ described in and who executed the foregoing instrument.
and a~pw~pde(,o~e me that ~he~ executed the same far fhe purposes therein expressed.
~ t~ ",.~I'tft~~tand and official seal this day of ~~$Q-
- , APR 24 PH 12~ 2{ .
F ot~ • ~ / ~ ~ a ~g~ tiotary Public in and far
e.: f 6~"'" rP . the County and State Aforesaid.
xt,~. :
F Z1.- F~LFD /?MC r:ECORfit0
~ J? ..~.~r!C3?~ir,~= Si.tUC1E CO~TY.F~(?• My commission expires:
: ~ ROGER P ITRA
A~'•:3~tr±r-=' 'LEi~t CIRCUIT COIfRT
3 ~Oarlr,Ii~~
- 4843'73
Before me ovally appeared
and , to me arll known and
~ _ -
known to me to be the President and Secretary
respectively of ,the corporation
E named in the foregoing instrument, and known 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 art .nd deed of said corporatian by them rrs -rierh• executed as such officers for the purpo,e
therein expressed; that tfie seal thereunto attached is the corporate seal hr •m in like capacity affixed: all under authori~~
in them dul}• vested by the. Board of Directors .~f card ~orpuration.
V!'ITNESS my hand and official seal this da_v of ~ . 19~ 3
485813 C~-i:e~~r~
py C
~,AY '7 PN ~ Natary Public in and for }
the Count}- and Starr Aforesaid.
olCOwt d
P1LEC Ah~ ~ ~fy urmmissirrn rx lees:
l ST. LUCI~CCUY T Y. itA. P
~ This in umrnt prepared by: trot PpITRAS
' First \rtio Bank Qc Trust Cu. oC St~~( C11tCWT C/OU~RT
P.O. Drawer 23{6 l
_ ~ aaox330 P~cE 372
` Stuart, Florida 33494 6(J~JK~ pe~2?~