HomeMy WebLinkAbout0029
18 fAU 24
, 51. lllCl~' COU"ln, n"~_,~. " \
pl~rf('fUlU1('P M "h,,'n'allC~ n! wy NIY~iU;.nt, L,()ziditlliii Gl' '"~t in II&JU !:\()l!~, tlt' In lUly U'.l!tT\.in,,'nt ;,OW (Ii ,\€'f1;'
a!tPf t,'id('H(,in;!; <'r llil"Curing the "'&rot', wd the holder d. aid note m>>.y r.ppt). pIIlymt'lftu reo.'iH~i Oft ;,;,ny I1mU\ln\.ll
du~ ther;cundE'r or un<:kr llm t~rmll of MY i'olltnur..ent 0019' or ~ oe"~ or ~urin!!; 8I',ld note, lI.~ 5\l!'h
hs>kl,pr may dt,termine;
2 To pt:)' I.be inck-btedt~ hereby~ured and mt4!\l'eSt tMn.lcc promptly on t~ dAy-8 pp<<!tied for th.. sam",
le~' due MId p8!,,,bl€,!Uld also on demimd any othet ~~ thAt may ~t' AI1d becvrnr due Md pay-
able to the mortpgee under the terme and pt~ m thia mortcaee;
3, To k~ the mOt"tpfed ~ in aood Tepllir; toneet.ber oo:.umit ~or eufterlltrip or wtl.Ite on the mort-
~ prnn.i8e!!; to obt&W the vrit~ 00DBI0t.1A the I11m...- ,*ore ~~, removinJ or materially a1terin&
~n! ~~tructure or lmproveuwrt now or ~.er Upt.C the l~ pmn- or \wolore a~owinr: I\nY llUo::h
bllddms, . Ut"P or unpro\'ement: to ~ ~..~ ~.~terially <f.ftd; not to OOlOnllt nor lUffu uy
8<'t by wbkh the uN... of the mo:tpCI:d Pf'OOlM may be !.Il\pIJled; &n<i DOt to violau- r.or permit the viQlatiOll of
an)' law, by-law, uroU\lUlce or l.'oot.ract ~ the m~ ~; DQt, ~o viol.&te Mr !lUffer the violation of
tht' ('(lVenant!\ and ~U\, if any, of record ap.inlli the ~ premld;
4. 'To pe.y before delinqu('.nt or before any penalty for oOl.\pe.yment attAt;hal thereto aU t,~"l'1l, impo'lltions,
-L~1nt'nh', water raU'1<. nnd eh&J'll"6 of every nature ADd w whome~..er ~ Qat mllY now or nt;>reafu-r be
imvc--i. \f!".-~l or !l~~ upon (If apiMt t~ m~ pn"~ at any pll-rt thereof, or upon thf reu t.. , il!Suell,
inrome or profitll th..reof, wht'th~r Uly or &l1 of ~ ta%H, ueet'l8IIlent8 or cb.an;es be l{'vi('(l din....tly or indirel'tly
or t\." excilie u..xa or SIi ine<llm! tAUOI!;
5. To ket'p thE' buildingg and impr<lveme!1u now $tanding or here&i'oor ~rectoo upon the mortgaged premi9c:-s
and any and all appat'lllu~, fixtu\'e$ and apPurt~n&neetl now or hereafter in or attAChed to !laid building!! or improve-
ments. insured apinv.IOll1> or damage br fire a.nd lIUch other hue.tds &II the mortpgl."l" may from time to tirn" re'quire,
alleuch im!urant"e tn be in fOl'ffill, in eompal1Ml6 -.nd in '!'Ilm!1 (not ~ than IlUffieient to avoid lUly ci.l\im 00 !.he part
of the insurt?n for ~inIroraure) Mtisfaetory to the m~; that aU inaurance polkiftl shall be h€ld by and 8hall
be fo-.- the bmefit of and fim peyahle iri cue cf 1081 to the mortpp;oe, and that lIl.t le&l!t fifteen days before the cxpi-
ratioo of f'aeh llUeh polley, a nt'W and IIuffieient policy' to take the place of the one 110 expiring !!hall be ddiV~rM tv
the ro~. T~ mortpgOl' hereby UIlignIl to the mortp.pe rJl roOM)'l! recoverable ulld('~' rllch Iluch policy,
and ~ that in the rve..t of !\ 1008 the amount collected undel' IIJlY policy of inIlUTanC€ on ;;aid property m'lY, at
tM option of the mortga.gf'E', be il.pplit>d by the mort~ upon any indebtednetlll 3Jldjor ohlig1\tion !.'e('ured hereby
and \n IlUeh OMPr as mort<<i1gE"e may det.emUne; or 8f&id amount or any portion thereof may, at tht, option of the
roortp&fe. eithE't be ul'lt'ti in ""placing. repairing or restoring the improvements partially or totally lh"!<troyl'd to a
condition eatillfa<.tory to !lAid mortgAget' , or be 1'elealled to the mortp&Or, in either or which <,wntl' thr' mortgagt'e
llhal1 not be ebliptt'd to _ to thE' i'roper awlkation thereof; nor shall the tmlount II() n-IetlllE'{1 or u!!Ctl he dt'ellli'd a
pa~t on en)' in&bt('{lnM.~ !If''('\lred he~by. 11le mortpeor hereby" lloppoint8 the mortpgl'<' attorney irreV(X'Able
0; the mortgagor to ~igll ('lH'b slJl'h policy ill the ~vent of the roredowre of thill mortgage;
6. To pay 1L1lsums, the failure to pay which may result in the acquWition of Ii lil'1l prior to the Ikon or this
lIJO~t'. before 8ucn il prior l.it'r. ma)' Il.vACb;
7. ThAt upon failure to romply with the p~in& coven&Ilt or with any of tM rovenar.ts ad lI{l;re.~ment8
M to ~ymt'f1t of tax~. imJ,x^f>itionF. ~nta, water n>tee lUld ciu&.l~, makin<< of reptlirs or maintenance of insur.
!We(' l\l! afon".NI.id. the mort~'lp;,*" without preiU11i~ to any rightll liVeD under llUbecqUt'ot pat'l\Pphil herein, lPay
rnAkl' adValll:1e6 to perform thr II$.IDC in behalf d the m~, and the mortp<<Or he~y agree8 to repay aU sums
S<) adviill<'t'd in h~ htohalf. on delIlAtld, ....iU1 inle1"fJflt from the d8.t~ ad"~ r.t t.he rate of eight per eentum p<>l' 8.tlnam,
&Ill! all 8Umll &0 aJ"AJl~1. with'intel'f'St 58 aJ~id, .hall be immediately dulllllld payable and be lIeCU~ h~reby,
having the beftf'fit of the lien hereby Cn'Ated, and of its priority, but no web advallCftlw1i be deemed to rdiew: the
mortgagor from any default bereunder or impair aay ri<<ht. or ~y cooeequent thereon, and th~ exercise of the
rill;ht to make adV4.\1t"eS gran~ in this parspaph shan be optional with the mortp9le and not obliJe.tory, &nd the
rr.ortga~ IIW\ not in any elllit' be liab!~ to tM mortgagor fot failure to e'l2rci:te any lIuch right:
8, That the mortpge<' 8bal1 be subrnpted fOf' further IleClJ.rity to the.lisn, 1l.1though rc~j of lX't:ord, of
l<ny and all eucumbl'fln<<,~ paid out of the pl'(X~1I of the loan l!et'uroo by this mortgage;
9. Th&t, whHl' thf'f(' ill no dt!fault in the performanc~ ur obeervan~ of An}' of the COvt'OftIlW or !l.gf(\ementa
bt'f(.in ~ilnt&ineod, the mort~ lIhall have the privi~e <:J ooi\ectmK and rereevi::g an rents accruivll. under !'Ja8e3
or contrae!s of tellMley for the In'Ot'tgacoo Jl'IlCMB or any part then:ol;
10, Thill, if sny actinn or proceeding be commen~ (f'xeeptiDlJ An ~ to foreclCllM' tbll mort.ga.ge OT to
("Jlk'('i thE' d...bt hereby ~lJ.red), to which I\oCtion or proceeding the mortgagee i8 made a party by "'.MOD of the e:&:e-
rmiQI\ of this mortgagt' or the notE' which it !!i)':Ul'e!l, Ot in which the mortp.&OO dee1m it U/IlOOlI!lllri to defend in order
to uphoid the lie!'; oi 1hi:. lnGr\l/:s:.gl.' or th{' priority theYeOf or ~itJD of r.&i>:! mortp.ged premiaP.:s, all3UIm paid
or incurred t,y the Im)li[1;~~ far Cl)uIlK'I feee and ~r expel\llCll in 3Uch Il.ctkm Of proceedmg shall be repa.id by the
mortlP'gm, t<:>gcther wit h intf'reBt thereon from dliote of payment by the mortga<<fle. at. the rate ot eight per een~,um
per !\nnulll. and aU llueh "UlUi' and the interea... thereon wll be immediAtcly due wd pay~ble .wd be !!('Cured hereby,
having the hcnf'fit of the lien b~reby created y,d ul i~ priority;
1 L That ..ny au,! all awards beretoiol"1l madeo and hereafter to ~ made by the City of Fort ?i~rce t Fla.
')'1' It.I1y munielp.ll.L OOIll1ty, gl,al~ or fedenl a.uth\.lrit.iels to the prt<<'lIlt and JlJllJUbeeq~t mrnel'l\ of \'00 premmea c(lv~red
by tI1.is Inortg~, in~l~ini any awwd OT&warda f~,.~L~~~ ~ Jit~ t,.o, .~~. of, ,or any int,ere.st in.
!..he... mortgal(\'d &>rl'lU.II'Ie$. or lLllY past thereot and ~,~ or ,~ rrei.y~ t~ ~p~1)y t.he mort-
~ prNn~ 01' .!lIlY part thereof or for QaY ebJmte or'~ r:l ifi;.de (j( ~fil ~.1lferoJl!l:l!!, fl,re hereby
R'Il'riV1~ ,in the, ~?ri~T~ the m~. .,t it,$ ~! UI ~~ ~~f ~J~r:~ 1UW €mpowe~ to col~t
t\.r.a i'l"t~<'lW' [fie ~. of &ty sL~...wi.M RlIw~ ~~ q~Imt*-mtJdlE th.. !lIUl1e l.lond to glVl' pr'ope:t
~ip\.S a.nd ~~'l4~"'6n4 t.ll a~tM ~ t~ the p.t.yment of the amount o'!>lng 00 ~x,.)\~nt of
the tnor'.ps<' ~n4t~~~f~.. :ll.moont owh-.a; 00 e.ctOlmt of the m~~ debt may not to')
thl!Oe du~' :wd '(l\\:ys.Nt; and tf.ilr mort.~ hereby eo~t8..nd ~ to,t-nd with the rW)~, UfXll' i...>que~
n,(, ";c>ft.g~' ~.\r!l.ifl'l!', e::K'I'~ ~:l ddive: !l-\'lY aud iJ;i~ ~~~tl; ~1 ":~. imti"%men(,,' suffu:~mt inr ttJ~
pllr{Y..Qld!; of. ~~ll~g~ tJ~ a~.s:: IlmlordS'j.u the m(lt~'AfIE": l~, {..eu l{m ,;.\l!cl~'i1 (,t ..,;'lY M..rui "Ii :::;;('1}J;'I'
i.,rJU)~' cl fDY'k:i.nd N l},!',tll1't wh!lwp-yer;
12. ThAt MY fIl.iJ<!;t\';' to ell:CrC!:IJe wy nl,ht ~nder &b'loll n-'Jt ('.(.Qi1Ji"tll.e i:\I:,'i btz, l.".:lWit.ruaU ~ II. ~...l{~"er,ff
~,h"t ti(ht Ilt snyi'trtuffl ~';'" .
U. -ra"t thli! muri'i{~~ cn>att\l! iI\, Ct.'mtimq /1;,'11 toO 1IeC'.J.l'e the !uU f,t..1{\ ~l pl>1'mMt of t.i:w d~ht ~i'6by
oc:f'".red ar>d itoll olt"t:e'f ob.tip.tKi!l8 ~ hereby lU'id hemd'ter ...~
... if t.htl paymeu.tri ~'.' p~ and ..n ~ f(n~ Cl..W~ta lm\.1 ~lnenUl !lore l-\f'..x!Ot.~!
U\d ~r"!~, thil'l mOl~~ ehsJl be nun md void a.1d th4~~~Jt ~CO$t olw ~ot, whiciJ.!:lOOt
the roOO.pgOT ~'1I'l t~ ~y; but. up.oon ~ dei~ b the ,.~ (/, ~ ~ ~~ :;ooun:d. w of ~,r
lm~nt ~ or oJ. i:n.~m;f, ~~;, M they ~y ~ dut., (ift upoo ~y ~l~ m the p.e>1orIDltJ.)A'J\!
....... 4'..