HomeMy WebLinkAbout1188 , . /
~ 1 ~i' t ' ~ i . I •
S ~ !
L . t:t~ .e ~ ,
. ;
t~ ~i~ ai ~ts as it de~n~ neoe~r~? and affectui~e tl~e e~equired inuesaoa.
a!t ~t t6e eocpaw d` t6e Ma~a~or. Aay amouat paid by tbe Mat~at~es oa aooouat d wc6 du~a, _aMeMn~ent~ .
iowarsnoe pe+~mtum~ liaa. dae~es oe re~ir~. witb intra+at thereoa le+om t6e daoe of paymeat thee+eo[ by d~e
M~a~e at the ate ot 10°~ per anuua~, be s lia~ upoa the ha~eby aacrt~aeed aal ~hsU be s debt ;
~ecn~+ed- by t~is mact~a~e. rep~Ysbk b'Y, the Mort~a~oc tath~?it6 upa~ :
To p~y ~o tl~e Mat~agee whea due and payabZe the amount of al! taxa~ iacludin~ Stst~ of F'locids iaoome laxa. .
swa~caeab. Public dua or char~es kvied ar to be levied br~law mit6in the State of Florida oa this mortga~e
or ca the ao~e a~ debt ar ia~n~ac .aured ha+eby. oc on dtie 14I ~y~ee by~ reaeoA ot the o~raenhip of tl~ roo~c-
• eag~a or the ~o~e oc debt ~ecured hereby. oc on accouat of inLerata~~ dkriv~ed thartrom; but ~f the amount cf wc6 '
taxe~, aMa~nents„ Pnblic dua o~ cliarg~a meationed ia this p~ragra~h. ~o~ethe~ ~vith iatarest oa the debt secured
ba+eby. ehati acoeed dia ma~unum amount panaicced by ts~r to be p~d toc the us~ cf moaey in t6e SeaLe oE Florida, :
ho~rev~cr that if the a~aL~ in ~
dKa die Mc~tg~ .hsu aot b~re quie+ed t~ p.y sny suc6 acoa.: provided. .
sny oae yar of wch in~a~at and audi taw s~eeMed agsinst d~e Mo~eas~e shaU exoeed such maximum amount
parmtcced by ~~r ~o be paid fcr tiie use of ~a~y in Fla~da. the M~agee msy. st ia optioa. da~an the
ent~re indebLednees ~ecured hareby due aad Paa~~ie W~oa 60 daY~~ AobioG-IE such optioa is acaci~ed and notioe
Qiv~ea. dua upQa the expirstioo of wch 60 days' aotioe, tlk eatin indebtednaa secured 6ereby s6a1! be due a~d ~
P~Y~. ~~Y~~t, thered shaU ooastitute a default unde,r tius matgage. endiliag the Mectgagee to
t6e ~e~e of aU e~gha anwng by nasoa of the hspp~nin~ eE sny ochec ~ent of deEaWt h~reund~r.
Upoa d~p~g~ by d,e Sra~ of Ftocida of any ~a?~r ;mpoa~a~p~ymeat upon the Mortgagee ot the whole oc
• any PatIon af a~?Y taze~. a~eese~aeats or otha d~ar~es asseeeed againd this mc~tga~e o~ tbe note or odia indebt
; ednea. ha+eby ,ecured, oc upon the rendaiag by? aay eour~c of oompeteat jur;saictioa of s a«~ioa d~st an w~der~
~ ~ takine,br the Mortgaeoc. hu+eia w+ovided. t~psr ~sny such taxa. a.~neab or ocher ~ kgaup i~
opecahv~e. then snd ia auy.a~ch avent the d~bt henby secured. wfdiout deductioa. diaU. a~optio~ ef the
M~gagee, beoome immadtiaLely due and PaYabl~ notwidutsadiog anythiag oontsinal in this mat~ag~e or in
aay laMr here~ota+e or 6a+eafter a~ac~ed.
a. To notify the Mortgagee at onoe af the t of oondar~natiou p~+ooeedings of aay diaracter affect
part vhol
. ing tl~ matgaged property. oc aay tbereof. Ia the rv~ent d~at t6e mo~tgaged n~vholly ooadewned.
~ the M~agee diaU reaive fe+om t6e Me~tgag+oc snd/o~ t!~ prooe~eds of such oa~~tioa pr+ooeedings, t~e
b~e d gninci
~-,~-1 ~ining unPaid on ~aid ~u+omieeocY noLe. ~vith ia~+at d~er~eon Lo du date payment is
r~oeivecl ia Hudord. Co~aecticut, and all otber indebtedaas secured by thL m and witb attocney's
iea. oourt oosb aac! all other a~sa incurred by the Mortgagee ia aoanectioa wi sudt eondanas~tioa If.
ha~ver. t6e ma~ga8~ Pt'oP~Y u P~Y ~ Mat~aBa d~aq bav~e tbe r~g6t aad optioa bo deta
mine the amount of wch ooadannatioa pe+ooeeds as it willreqwre to~ward the reductioa oE tl~e m~sg~ debt,
~?ich inta+at t6aeoa to die date of payment and, in additian tba~Lo, d,e M tlwll pay tio d~e 1K -irtgaeee
atl attocney's fas. oourt oosts aad other rxpensa incurr+ed by th~ Mo~aaee~i~anectia~ ~ritL wch oondem•
- nation. The M sha116av~e a lia~ oa any moaey :udgmeat ac a~ra~dg~v~a er aiade tq, ar in tavar ef. tha
Ma~agac as a~~t
aE any such eoademaation p~+ooee~ings ac as a rault ef any e~oe~e ef tbe rig6t ot anin~at
- domam. whetha ec noc tbe saana is made th~ wb jecc ef oourc prooeedi~gs. affecting t6e hereby merc-
' gaged. c~ aay part thareof. Nothing hereia sb~~ll be aomidered as a~raiver of dx r~'
ht of tl~e~yort;a~ee to be mada
. a party tio such ooodemaatioa prooeedings. ec aay ' aHectis,~ t6e b"tk to aaid p~+oQKtY. a~Y P~
ther~eof. and shal! aot obviate tl~ neoeesity of ' t6e c~tgagee•party t6eneta
'.9. In d~e event all ar aay poctioa of the henby martgagai is ind~d in sny drainage a~ otba imp~m?o-
' mwt diatrict fecmed ac authai~ed s~~bse~t m the data hereof. a~ ia_ t6e rvent said or snY P~
. , tha+eof. is in a drainag~e ac othar impro~vanent d i s tr
i
d as e f t
b
e d
aie h
e r~
e o E a n d s u
b s e quai~ d ste b e
r
c
o f
~ the bonded indebtednees ef aich distri~t is in~ed oc the district u authori~ed to make sdditio~al ssee~s-
mmts far;moro~a in acoees af !S% oE the se.asme~t in fa+a aoid effeet as ef tbe date l~~eof~ dna in sa~?
of such rv~mb. t6~ M~ tnay. at its option~ deClare th~ eatire u~deDtedne~s de~+eD~? ~ecut+ed due and ptyable .
uPon ~is tn~t6s' notioe. f such option is ehcer~cised and aoti~eg~vea. dun~n du txp~ration of ax~ auc mondu'
uotioe. d~ entirr+e indebtedneas ba+eby secured ~hali be due and poyaak and nonpaywent tha+eof s6aA oa~aticut~
• a defaWt~unda . th;s ma~tgag~e and tlk ~ ma~xbe odkcbed by fo~+edos~re a~ ia any other maaner pc+o~vided -
by law. Haw~ver. if the Mo~tgago~ pays the said additi~al a~t in c~ah within said en~ moaths' paiod.
thm d~e right oE the M to aeo~krata the debt sa:ur+ed harby. [ar said specific noopaymeat, shaU ta
. mina~e as w swch defauika~~t ia sny manner sHeccing the ts of d,e Moctgagee under any other e~cisting '
- or subeequent default under this mactgage or the note secur+ed~y. If said a~neat may be paid in in-
stalntenb. d~en. at theop
tion ot the Mo~tgagee. the Mortgaigor myary avail himself of sudipn snd
t
h a+
e
a[ter no r
i
g
h t o[ s
o o e
l
a
a
t
i
o a s
h a
U b e a
v
a i l a
b
k t
o t
h
e M o c t
g
a~
e e u n k
s s a d e
f
a W t o o c
u
r
a w~
d
a r s
a'~'
i n
s
t
a l-
' m
e a
t p
a
y
m
e a
b a a
d s
a i d d
e
f
a u
lt is not cura! ia t
h i
r t
y da
y s aiter ~ts due date, in which event, the M o~ t
g
a
8
e e
ttli)?~ it ib Op~ t~CL LO 8COC~!lBLt ~ Ql0[~'dgC ~L alld pi00CCd ~IIL~ tI1E COIICChOA SIId~Or IOI~CCIOit1i~E L~DO~.
` :`,10. To pay. PramPaY all instalmenb due othas upon agrxments of kaae a eonditia~al sak ooatracts of alt fixtura.
- furnishings and equipa,ent bcated on said ~~aty. Should t6e Moctgagor fajl t~ malce anY ~ P~Ym~~.
=he Me~rgagee may. wid~ouc danand or noao~e,~pay oc eatisfy the same a»d the amatnt so enpwded ahall bear
interest at tbe rate of 14% Pa annum and shaU be pa~rabk by the M a~oc ~t~~ tbe McRgag~ee upoa demand
~ and shali. with the inca~ac th~, be sxurod by dus moregage. Aliaw~~'undmilb. w~P~. P~P~B P~b and
F ~ irri~gation or eqwpma?t ueed for theur~a
tioa oc drainag~e d said pnopaty, oc fa stodc wataing. oc -
domestic purpose~sd~~. atl a~otors. e~inea and ~vioa for th~ oneration of said ~viodm;lls. pumP~• P~P~B
" . ' . plants and inigahon ar ~ ~qwp t~ur~a~ and ~
e~a ~and~alt m ~~tion and ' ~ a~ra~ -
~ • • ~ ~~8. ~t~~
g~ ~ ~H fi e9tuPII! t, ota'~. ~ Y~a
. a harafter ias~Ued in, on a abont said prep~rty.~
v~e oE the mannK of uutallavoa. are snd/oc
.;mmad;atdy upoa tlre installaciou thereo[. shail beoome and be 6atura and a parc of t~ realty and ahaU noc be
~ ~ r~noved irom said property wid~out the r?rittea oa~sent of the Ma~t~agee.
ii. To pay t~ the MortBaB'a P~'~PVYwpou daaand alt oosts. acpaWa aad at~an~y's fea„ induding the ood oE
any titk ea~aminatio~. wppiarientai albs~ct at tide ac dtk inauanae. d~at may be incurned by tbe Macga~ea
in aaY Prooeedia~. kgal a otbawa~ aBecti~B tl~e matBaged p~~atY. vr any p~rt thereo[. ac the titk ther+eto,
or tl~e validity ar p~ionty of t6is mo~tgage. ar that may be incure~ed by tbe Moct~agee by reasoa af the failure
' of the M to loeep and per[am any of tbe eotieaants oc agr+eaneab oonta~ned 4a+ein ac in aaidp~+~nis-
~ - ~~ory aote.~wch oosb. ~asa and attan~y's fas paid bY th~ Mortgagee s6alt bar interat fran tbe date
s ef p~ymeAt thereof at the rate of 10% Pa annum until repaid by the Mo~ega~oc snd s6aU. ~rith sud? iata+at.
. be a part oi the debt ~ecu~+ed by thia moctga8e.
; . iZ. Ia dre ev~ent oE default in the p~yaieat of tbe pc~omis~ay note hereby securod. or any part tf,a+eof. or any
~ rene~ral o~ ext~ension ther+eof. or if the M thall be adjudg~ed baakrupt or s6all malce aa aapgn~aent tat
r d~e benefit of creditas. or iE any prooeedin~s~ be talcea against t6e Mort~agac looking to the appoiatrneat
. .
9' ~
~
~ ~O .
~ - P~ ' .~$8 -
~ _ • , . - . . _ r.~. i' .
~ ~ • ~ . _ - ,
' .
~ ~
<z_; ~Q~~,~:.•~~,:s~. ~Y-.~:~~.~,.~a.~.