HomeMy WebLinkAbout2461Sl. MortQa~a fu~ ooveuaaq aad agcea tiut at tbe reyuat oE Mo~a~es to furni~6 a~t~adarcl ternoits boad imuriog a damago
hy in[ostatbn oo the buildia~ now a 6ere~Eter bcatad ao tbe awct~~ed Prope~tp. in ~uch smaunb aod terrm. u~d witL ~ paay as
•pproved anJ ~equired by M.rtgages~ and to the evaac MortYa~or doe~ oot oompy- wttb tLb oo~ve,~at Mat~oe s6a11 have che ams rt~ha
to obtata iams ~ imuranos oo~ver~e uoder oovewot ~3 LeceoE.
ZS. 7bst fn tbe eveat that thl~ aortgage L g(veo to secure a co~tru~.tlon ~hilure ai thep~rt af tbs Mo~~or or ths Mat~sgor i
cootnc~tor. architect. en~pineers. or ~ub-oootncton to oomply with tl~e tennt of Coostructioa Lwp of sva~ dats berewltl~,
xhKl, Ls by refereuoe tncarporated Lereb-. sbdl. at the optba oE the Mo~t~ea. cco~tttute ~ de(ault bereu:~
than~tW ~(30 ~y~s ~~cad~of the fbcal • oae to fonr Family dweWnB. tbe I-tort oovenaab wd agrees that be wi11. aot latet
rty yrar furnis6 uaw tha Ma:iRtion ~ oom ete arnf ~ccur~te baWice sheet wJ proEit ~nd ba
~taternent retlecting tLe Mort~gar's 11abWties a wel~ u p~oEit aod bu for ebe fiscal year, ~ud suc6 balanoe sheot aud pioEit aad loss slata
,neat alall be prepared by a oertified public aooountsnt Uoeased in t~e State oE I+1ori~a. and ~ball be oectifled as betn8 corroct by ~ch oerti-
tied public ~ecouattn4
24. I( any of the ~a~ms oE ~ooocw berrin rcEeRed to i~e oot D~~Y ~d ~ D~d ~o ~- (30I~ uest ~iter the same cevenlly
beeome due aod payable or if each andever~~ the stip ulahioa~.a~ree meob. oooditloos and oowe~ab oE promis~ory note wd thi~ mort-
as~~. a ei~her .m aot dul~ verro~mea. ~M~"a .h~b .da .bided br, tbe~~~p~ oe .mn mentio~ea in ,.,~a pratds.ap ,wte t6.u beoowe
~ue aod payabtie fathwith oc thereatcer at the opUoa of the Mortie~R~. r~' ~ ao~ie~e~- r iE oW wm of nwc~ey ~vos aigi-
^a11Y Wp~Lhd to be paid eo sncL daY. eve~ytLin8. in said Pwmiuorp noEs or 6ereio b tbe oon4try.
2S, ln the evaat tLat tLe Mattta~or mska p~,ycoe t b~r cbeck a checlcs lh~t the Mo~gsgor h~s Eailod to properlr eado~se. tbe
~tort~gor does berob~- appaint tLe Mortaaaee u its •~ttorne,y-in-fact tu supply ea bebalE d the ~f~rt~gor a~- and dl wdow~ neoeuary
to aettotiate uid CheCk or c~ecia and the IKwt~gocag~~s to hold the Alortxagee 6Rrmler Eran a~- Wbility whaboevec fa aipp~-Iag :alcl
eodonemeat. In t6e event tbe I-to~g~gee shrll caih a ched~ for che Mortga~x wd ~me ~LaD'be ~t~u~ed fa i~+~k~t f~mdt « my atL~
reasao so that tbe Mo~tgsges it unabk to collect its n~a~eY. then the Moitgagor bereby ~utho~ius the M to add snid ~m to the
~a~ ~ . ~a,~ ~ ~~ «e~ t,~ ~a t~ ma r~r ~.oa ~ ~ d~~.~.~ ~.aa~e~ ~
4s. special provision.:
1N Wl1TiESS WHEREOF, the aid btartga~ 6~s emec,vted tWs mortgage under ie~i.ao the dq aad/year 6srefa fiat abave wdtte~.
SiBned. sealed ~nd deilveaed in tbe pra~a~ooe of;
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Statc of
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T6e foregaing ~~vas ~dmo~viedged befoa~s ms thi~
by
t-ty commi~ioo mpine.:
Notsry pn6lio ---
( Notary Se~l)
S~~ ~ FLORIDA
~Y ~ 1HARTIN
T~ f~ ~ ~ ~ ~ ~ ~ 2nd ~r ~ February
bY FRED R. NORGAN II , Presf dent sarkx
ANCHOR BUILDING CONTRACT~ORS, INC., a Florida corporatton.
on beL~lf of tLs awpaeaWq~..
. >~~
Mr Cammtwioo
~Nafary 8~tl)
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Notary
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= Florida at Large
g~~347 P~c~2~55
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