HomeMy WebLinkAbout1526 ' 16. When say amount of rnoaey to be paid by the Mortgagor to the Mortgagee under the terms hereof shall be in default, or
should the Mortgagor default is any of the terms, pwvi:iott; of cgndltioas rf this Mortgage, then and in that case the Mortgagee
shall have the right. without notice to the Mortgagor, to coQect and receive from any tenant or lessee of said mortgaged premises
the rents. Issues and profits of the real estate hereby mortgsged and the improvements thereon, and to give proper receipts and _
acquittances therefor. and after paying all commissioas of any rental agent collecting the same. and any reasonable attornty'a
fees and other necessary expertses incurred is collecting same. to apply the proceeds of such collections upon soy indebtedness,
obligation of ILbility, of the Mortgagor hereunder. The tight gaoled the Mortgagee under this paragraph shall be in addition to,
and shall not limit or restrict say other right or rights gamed the Mortgagee in this Mortgage.
17. That is the event that this Mortgage is given to secure a construction loan, failure on the part of the Mortgagor or the
Mortgagor s contactor. architect, engineers, or sub•contcactors to comply with the terms of the Construction Loan Agreement
dated which is by reference iacorpoated herein, shall, at the option of
the Mortgagee. constitute a de4ult hereunder.
18. In the event that the Mortgagor makes payment by check of checks that the Mortgagor has failed to properly endorse, the
Mortgagor does hereby appoint the Mortgagee ss its attorney-in-fist to supply on behalf of the Aortgagor any and all endorse-
ments accessary to negotiate said check or chicks 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 tot insufficient toad: or any other reason so that the Mo;tgagee is unable to collect its money, then the Mortgagor
hereby authorises the Mortgagee to add said sum to the principal balance of this Mortgage and said sum shall be secured by said
Promissory Note and Mortgage as though it was an additional advaree under the terms and conditions of this Mortgage.
19. IT 1S MUTUALLY CONVENANTED AND AGREED by and between the parties hereto that upon request of the
Mortgagor, tht Mortgagee may hereafter, at it option. at anytime within ten (10) years from the date hereof and before full pay-
ment ofthis Mortgage sad 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 total 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 of i .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
Mortgage, and for reasonable attorney's fees and court costs incurred in the collection of any or all of such sums of money.
IN WITNESS WHEREOF, the said Aortgagor has executed this mortgage under seal on the day and year herein
first above written. '1"'
Signed, sealed and delivered in the presence of:
~
• Daniel Agost o
~ ` 490541
_ ~9~0 J~ 23 1~ :1= 17
FILED Iii ~ 1i°~ ~
STATE OF FLORIDA st
covNTr of MARTIN ~
t:f ~.FR~~~ _ ~ _
Before me personally appeared Daniel D' Agostino, unmarried
j to me well known and known to me to be the individual described in and who executed the foregoing instrument,
~ and acknowled~~~rStae that _he_ executed the same for the purposes ther in expressed
.~~~~~,~7, hatf8,and official seal this it 0 day of wSL11L
Nara ' _ _ _ ~
.j~~~R•r •
r ~ • t ci . 1~otary Public in and f
i-
_ - the County and State Aforesaid
`r - ;
a ' >R~:-_
$~~sl-v i~~, My commission expires:" _
~
1
~ Before me personally appeared
and , to me well known and
known to me to be the President and Secretar~•
respectively of ,the corporation
named in the foregoing instrument, and known •io.me to be the persons who as such officers of said corporation, rx~catrd
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 uid corporation by them res ively executed as such officers for the purpose
therein expressed: that the seal thereunto attached is the corporate seal by t in like capaciq• affixed: all under authoritt•
in them duly vested by the Board of Directors of said corporation
~('1TNESS my hand and official seal this day of . 19_
d
!\otary Public in and for
the Count~• and Starr Aforesaid.
j Al.• commission expires:
e This instrument prepared by:
First \atwrul Bank d: Trust Co. of Stuart
B~~ P~E1524
P.O. Drawer 2116
Stu.:rt. Fi~~nda ii.19a