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Home My WebLink About0917 I6. 'When any amount of money to be paid br tlse Mortga~or to the Mortaatee under the terma be~eof shall be in default~ or ! should tht Mortgagor de(ault i~ anr of the tetms, ptovisions ot condltions of this Mort6age. then aed in that case the Mortgagee ! _ shall have the righc, w~ithout ~otice to the Mortsagor, to coUect u?d receive from any terunc or let:ee of said morcgaged premixs the rents, iuuea and profiu of the ral esute hereby mortgaged and the improvements thereon. and to ~ive proper teceipts and , acquicuace: therefor, and atter payinR all commissions of any rencal agent coUectin~ the same, and any rraaonable attorney's fees and other necessary expenses incurred in collecting um~, to apply the piocerds o( such collect;ons upon any indeberdness, obligadon or lisbiliry. of the ~dortgagor hereunder. The right gra~ted tAe Mortsagee under thL paraaraph shall be in sddition to, and ahaU not limit or reatritt any other right or righa gnnted the Mort~agee in tAis Mortgage. 17. That in the event that this Mortgage is given to aeture a construction loan. fallure on the part o[ the Mortgagor ot the Mortgagoi s contnttor, uchitect, engineers, o~ su~contractora to tomply w~ith the terms o! the Consauction Losn Agreement _ which ia by reference incorporated herein, shaU, at the option of the Morcgagee, constitute a default hereunder. 18. ln the event thzt the Mortgagor makes payment by check or checks thac the Moctgagor has fiiled to properly endorae, the Mortgagor does hereby appoint thc Mortgagee as iu attorney-in-fact to aupply on bthslf of the Mortgagor any and all endorse menu necessary to negotute said check ot checka and the Mortgagor sgcees to hold the Mostgagee harmleas from any liability ~ ~whatsoever for supplying said endorsement ln che event the Mortgagee ahall cash a checlc for the Morcgagor and same shall be _ feturned for insufficient funds ot any ather reason so that the Mortgsgee is unable to coUect its money. then the Mortgagor hereby auchorizes the Mortgagre to add said sum to the principal bilance of this Mongage and said sum shill be secured by said Promissory Note and Mortgage as though it w~u an additional advance under the terms and conditions of this Motegage. 19_ IT IS MUTUALLY CONVENANTED AND AGREED by and between the parties hereto that upon request of the Mortgagor. the Mortgagee ouy hereafter. at it option, at anytime ~vithin ten (10) years from the date hereo[and before full pay- ment of this Mortgage and Note(s) secured h~reby, make further advances to the Mortgagor and any auch further advances, ~rith interest, sluU be stcured by this MortgaRe and shap be evidenccd by an additionti Note then unpaid. and the total amount of indebtedness that may be aecured by this Mortgage rtuy decrease or increase from time to time, but the toul unpaid balance so sccured ac any one time ahall not exteed the maximum principal sum oE - , together with interest thereon and anq and aA d'ubursements made by the Mortgagee for the payment of taxes, levies, or insurance on the pro- perty covered by the lien of this Mortgage with interest on such disbursemencs at the rate specified in the Note referred to in this Mong:ge, and for reasonable attorney's fees and coutt costs incurrtd in the collection oE any or all of such sums of money. -Z- ~c:,~ 1._ ~~~~~Q Paul A. Guillette , /r-0~f•-s~, i x ~ Caroline J. Gui ette STATE OF ~ ~ - ss. COUN7Y OFT_ _ Before me personaDy appeared / ? ~ to me well know•n and knoR•n to me to be the individu~l_ described in and a•ho executed ehe foreQoirig - instrnment, and acknowledged before me that r he~ execuied the same ior ihe purposes therein expressed_ '.~t~~~~ ° WITNESS m} hand and official seal this ~ O day of i i9 g~ , - ~~~1 , l~t : . ~ ~V • `,,;t;~ .I ,C , +~~i t • Notarp Public in and for = . ~ ~ ; ~ ~ chc County and Stace Afaresiid ~ '`r' j ' J~7y commission expirer I Q'~+~ ~ STATE OF 4s " I ss. ` -~:r1c-`'' ~ 'COUN7Y OF I ~ o - . . "'j~:.;,,: . - E F ' Before me personall~• appeared ~ and ~ to me well knoa•n and kno~rn to me to be thc Presidrnt and Secret~n• iespec~i~•rlq of , the corporacion namrd in thr fore~oin~ instrument, and knoR•n to me to be the persons a~ho as such off~cers of s~id corporatior~ exre~ted tht same; and then ~nd there the said and che said • ~ did acknoa•ledRe before me that said ` instrument is the iree act and deed of uid corporation b}• them respectivel~• executed as such ofiicers for the purpose ~ therein o:pressed; that the seal thereunto atuched is the cosporatr seal by them in like capacicy affixed; nli under authosiq• in thtm dul~• .~ested b~ the Board of Directors of saio corporation 4.. ~C'ITI~ESS mp hand and off~cial seal chis diy of ,]9 ~ sy1~5 \otar~• Public in and for ch~ Count~• and Statc Aforesaid_ _ T~St• commission expires: ~'1.~- . ^.:rr.', h~•: ~ r-:... : ~ T~~~i c„ 4 ~ ~ ~ P12 :47 . - , . . - ~ ~ C C ~ - - aa~~~~JJ PAGE ~6 - . ~ f ~ILG t ~ ~ ^ t+ , ~ ~ P.O. Dnwer 2316 ~tOGER r ' h"~ ~ ~ • ! ~ Stuart, Florida 33494 $T. LI~C~E ~"'V ' ~ , _ _ _ ~ - _ _ ~ ~