HomeMy WebLinkAbout1684 _ , .r . . . - ..c• • r . • , .
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O~ tll! ~ ~ ~ ~it wb y ~I1~1101it ~11~ p~P ~ b~ ~Yf~ ~ L1N Y~O~'~~
p~.. ree sb. s+eor~es t1w~~o[ ba? ~onelowe+~ ot i~'xortp~. ae fa w otlMr m~anK w*mttt~d ~s laa .s cw Morc-
p~w M~ct..rp?~ ia t1M aot. ae m cer ~tortps+ auntafn~a to ta. eontrars tlrtc~tO soe.dtA~tad~lt. 'tfpoa :oe~-
dwur~~ thlr I~Laetp~ t~ ~f~ot'~i~w ahW b Mllo~wed M• p~rt o~ tM 1nd~bbdnMa r~e~tr~d ~7. ~?d tM Mort-
asa' •s~• ~ wu?. .?tt a~asb .ad .~S 1~ ~n eoaa.ctlon tn«e~e*?it1~. lad~u~ss re~o~ att~ra.ri t.+.. oosc o:
tlW aad !~c s~areh urd tb~ ~actwwioa to daM o! ~s abstraat oi tltle or tilM pouq: a~ fa o~ eiaw~ ~oerc~o~urr procee~-
1n~s ae~e utUW b~tor~ th~e oooiwmmatlow tMr~of oe tM esu'7? ot 3u~n~ ~Rl? nsd? eorta ~ud ~+~ad other
e~e~ea b l~seurerd. fereludlos a rwoe~bb aLtora~t te~. ~11 neve?t~tas b~ pdd. TM ~[o~asaf or W Darb fn
t~rest. Lelei Rbr 1+libMrt bideke. may' b+ a Wrc~s~r ~L ~x7 torecla~ure a~1t. A0.1' ~ tlre Mortssiee as btrein pro- -
~ vlded fos may bt acerdssd lmm~dlab~' nPon detwul~ vz at aeq? tln~e thereatter~ ~u~d notble~ rlWi M co~trued W be •
wdver ot such rl~ht unleu wldm~sd b~ ~ lnWrument !n wdtins to tMt elie~t dulY ~etutad by tM Mort~~ee. The
Mort~asoc w~lws a11 sl~ht ad Lom~stMd wd ~oanpttati ~ranted bY the (bnrtituUon and La~vs ot Flo~ida.
AND THE b[OR'1~GAGOR FUIiZ'~ILR COt~VF.NAN1`3 AND AGRF•P~:
1. To pay? ths prlndWl iodebtdnw with lnterest aa 1n tt~e nots provlded. 'ib P~Y moatl~ uato 'tM Mnrt~agee.
1n addltioa? to ~nd at the time snd place fo~r eacb psymeat o! p~dpal and interest~ rn 1n~t~Ument o! each ot the follow-
1M
(v Taxes and u~unantr. i+~ral or speclal. aad R11 other chat~es levled or to ba levled ~~ient tha Premfses.
(b) Premtums to beooa~e dae an~ ps~abl~ tor~ arW to ret~ew~ the lnsurance oa the P~ ~ 10o by ~'e and
. attcb otMr ha~ae'd~. casualries ~nd eontini'enctea ~s hereln pro~vlded ios or e'Mulred itam tlme to tlrne.
Tbe amount at tAf racpeeWr+ mo~?tbb l~nenb slrall be eQual to the r~nw~uat ot tM uueual respecdw ehaK~ next
QII! ~Y Mf~li!!d b7 UI! ~Di~R~lf~~ ~~Hf~!!lb ill'lady F~~ f21Qt'QtOt~ ~YY1t~OQ ~ Lb! 11111t1~1f! 0~ 1YlORL211y 111-
sltUmenb tberefo~ beeomtaf dw aot later thaa one maath prbr to tbe due date o~ ~np sueA cbae~e and adatl b~ sub-
ject W lncreare ar decie~se to tbt ezUent ~uired ta cre~te ~s o! a ma~thq? payment dat~ au tl~e note not less than oae
mo~w prior co ct~e aue a.te ot .w? wch cAarge~ i?+? .anounc suLndent fo: ebe pay,nent tMereot al~et, ane .na p~yseYe.
In no ~veat Mall the Mortsaaee recelvl~ such P=Y~~nt be W?ble !or a~,y laterest on W aaio~unt patd to tt as herain
reclulred. and tDe mane7? w reeelved may be held ~vith ifa awn lunds pendit~ P~?Y~nt or applkatlaa thereot as h~ia
pravlded. Tbs Mort~or sAall furntsh anW ti,e Martga~a at lcast lltteea d~ys before the due date sn oIDcW statement
ot the amo~mt at aqy taxes or wMe~tnb next due, ~ fU!CZl MO1~~~Q! i~IW p~ ~IlQ ~DOYf CTL~l~Ei TA LhQ l1ri0Ul1L 01
tAe then unu~ed credit thenior as and wlier? thry becoms seve~llY due ~snd payable. The ldort~a~ee my'~ ai fts optfon,
P~Y W~ oi such ct~r~es ~v1ka Wy~ble. Nt~?er betore or after they are delLnque~?~ wlt!?o~~t Aottce~ or make advances
therefor 1n eacen at the then amour~t of crcdit for se?1d char~ea. The exeea ~unount sdvanoed sAall be lmmedfately due
~ad pa~?sWe to the ffiortg~ee at~d shall be secured es an addiUonal prlndpal ~um under this lnstrunnei?t abd beer the aame
rate oY interest iram date ot advancctnent ~ tho prlacipal indebtMnear. Aa ofilcial recelpt LAet+etor shal! be conclustve
- evfdex?ce of wch payment e~ad oi tl~e v~1ldlty o! such cherges. The Mort~a~ee m~y applf credita held by it ior the above
char~es. or any part thercot. ae~ acevunt oi any del~?quent lnataAmenL oi psladpal ar interest or any otber paymenu
matusln~ or due under thtt instrumrat uW the emount of aredlt .&~dstin~ at nny time shall be reduced by+ the t~moant
~ thereoi paid or spplied ~s herdn provided. The amount of the e~clstia~ cndit hereunder st tlu tltne oi any trander oi the ~
PropertY ahail wlthout asrtpuaent thee+eoi Wura to the beneSt of the wcc~aror owner of the propert,y and shall be applied
under aad tub~ect to aU of ihe provistons hareoL Upon the payment iia tull ot the indebtedada, the amount of any
w'ntsed credit ahall be spplkd W the p?ymeat thareoi.
The Mort~ee auY saUect •"late char~e" not to exceed four cents (!c) for each one dollar Qi1.W) oi esch montNy
1nsWlment p~ytnent requirxd on the notei end under this MoMga~e whfch ls mon thaa niteeu (15) dsys 1n arneu~s, to
~y~r t6e extri e~cpense involv+ed 1a handlin~ delinquent p~,yments.
2 To p~y, when payal?1e. W taxes aad a~rnents, ~eneral or spsclal. waUer s+ents +~nd tround seia4 and wll otrier
cbar~es wtu?boe.wer levfed up~ or as~ea~ed or placed a~ainst the premiks. PmvWoa for rvl~irh h~s tsot been aude here-
inbefore. and wW P~DVY ddivrr the osicial rMripb therefor to the Mort~a~ee; W lilcewSse pty all taxes, a~rtmnent~
and other char~ea. lrvled upon or asaes~ed, placed or made against this lnstrulf~ent, oe the lndebtednws or Rny interest of
ths Mort*a~ea in tl~e pa^emfsea or the obll~atlau?s securpd henbY. Provfded th~t tAe paymeat M aay atch ta~[
• punt or ch~r~e by ths MortRa~or 1s not contrsry to law or would not result in the p~Yment oi aa uatawiW nte ot lnter
est on the fndebted~as hereby securcd. In the event oi tAe pawQe aftrr the date oi thls instrument o~ any le~w of the
3te~te. or subdiv;do~ thereoi, wMrein the Fremtses are sltuated, creattn~ or providte~ for any tax~ a~fent or chsrQa
w+hicd by tht: ~ abvve prawLo L not W be paid by the Mortae?~or, tbe Undebtedner~t seeured het+eby W~etbes with interest due
tdenan, shall, at the option oi the A~ort~a~ee, become lmrnedlatelY due aad p?ysbde~ and in the event payment there-
~ ot b mot mads forth~wlth. the Mort~agee may take or cause to be takea such actian or proceedina as may be taken here-
under in the cafe o1 aa~ other de~tault in the p~yment oi the indebtednesa.
~ 3. To l~eep We bulldin~s and r?ddttions thereto ~ or beriealter rrected or placed upen the Iand fnsurM s~sinat loas
by ~re and such oEher haze?rds~ c~sualtks snd contln~e~cies, includi~n~ war dama~es !t at aqy time a stat~e o~t war eydsts or
it appeus to t~ holder oi the nota ihst war L fmminent, aad In wrh amounts and for such perlods, as may be required
irom t4me ta tirae by U?e Mort~a~ee, tod to p~y promptlr when due all premlwns an wch insurance, provlaion tor WY-
tnent oi whlch h~u r~at Deen msde hereinbeforr. The polidcs at inwranre shail !u?ve lo~s paraWe provldons aoceptable ta
tde Mortg~ee and stu~ll be delivered to and ~ld by tlie Mortaa~ee, or ~s lt m~,y dinct, uat11 thls Mort~e is satts~cd.
gtene~,Al pul?cles o~ lnsurance~ pnaiiums for which have been lully paLd, are to be furnlthed to tlte Mortg~ee at least
~iteen dsys prior W t?s~ cxpisatloa date ot tt?e uua~rance the,rebY ~evred. Tbe lnsur.nde thall be wrltten fn oo;apsnies
approvM by tbe Mort~asee; in tto eveat ahall We Mort~a~ea be held reapo~naible for failure to paq !or any insun~nce
written or for any loss er dainage ~rw?!n~ out oi a defeFt in aep poHcy or ~ro~wing out oi any istlure oi a~ny Snsun~noe
~P~Y ~ W~Y tor any lars ar dama~e inaared a~ainst Ia the event o! loa the Mort~~or shari stve imm~ediate nottce
by matl to the Mortra~ee wAo may make prooi of loa !t not made promptly by tbe MortgaQor; e~ch insurance comP+~Y
conc~erned L,riereby authoriserl and d[reGtM to make psyznee~t tor lo~ directly ta the ~ortgagee lnstesd oi ta Lhe Mort-
ga~or uid the Mort~agee jointlY; the insurance prooeedr, or any p~rt tbereof, may be applied bq the b~ortgagee, at !ta
optton. to the expenses. it say, incurnd by it !n the collectloa thereof~ to the reduction of the indebteduas Aereby se-
cured, to t~e restoratlon or repafr ~ the property datraaged, or rel~ased W the Mortga~or wlthoat 19ability upon the Mort-
ersgce tor sueh releaae. All pollcles of Lnsurance are hereb~? wi~aM ta the Mart~agee es addl~iaatl securlty ior tbe ppr.
ment oi tlfe wnu u~ lnterest iecured bereby; fa the tvent ot foreclosura o! this Mortsa~e or ottrer trat~sler a2 titl• tp the
pramL~es W extln~ui~hment oi the 1rWeDtsdnesr, sll right~ dtle and fnterest oi tlse Mortga~or !n and to any lmusance
polid[s thea in force shall pan to tbe purcha~er or L~tee.
" 4. To caanplete within a res~ooaWe tfane aap bulldta~ or buildtnp now or at any titae in tl~e proces oi erectton upoa
' t~e lmd and to prcmPW nPVs~ rssWre or rabulld anr bulldia~ or irapravemeats aow or herealter on tM land w~hlcb
may beeo~w d~d oe~ be dertrayed. aod not ootn~nlt oa~ perail2 to bs daan~ ~ e~dat aa or ~bout 4he pnmi~aa anl~n6
wMer~by tt~e prernise~r shari become las valuabk: to coQ?p~ with all laWS. ru1a, resulatlons, or ordinances oi any sa~ern-
. meatal r~ncY arid noL vfolste or permit the violaUas~ a~ to the premisew et +~n~? bufldins ar use restricKfoas; te keep the
~ land and lmpmvar~4 tl~ee~eoe~ lsee hom mecbanfc's end msteslalmea's 1leus and w1II s~ot suser any 1!~ auperbr to the
lfen creatad br UeL leostrument to attach to or be enfosced t~aintt tbe p:rmisa.
S I! d~La~lt b~ m~d~ ia tb~ D~t o1 t~ca~. ~u. Wns, ~W~, fae~ranq praniums ar a~ otJles charse
wlast~ow~r~ or a~o7 Part tlxxot. or fa tl~e p~rtonauece oi +u~7r aet, to be pald o~ pertorared b~ tM ~[ostp`or ander' tbs
vro~?iabas l~r.ot. u,e ffio~tps+. mar. at fts option. mate pa7~c tharaa or p~rrorm au?r ,Vrt rputna o[ the ~aorcgaor
W sq~? form oe m~an~r 8e~med e~cpsdfeat and pa~? atqr otAer wra tLat fs n~eo~a~aey to proteet t~e ssc~trity ot !h!s inftru-
rneat; t,l~e afnounb ao pafd. wtth ittterat tA~rreoia b+o~n tM date oi s~tch py?m~rnt ~t t1r ~a~e ssN ~s b~oe~ne b3? tbe
~
~
~'a~er~d a~~~ ~ ~~p~x~~ ~t hereb~? antl~o
~ed to
b~e
- made b! th~ adort~a~w ~ be m~ ~dlt~ to ~ay bq1. ~tatar~t oc eWmate tuiNshed ~ p~+oeured tro~ the appro-
pelata pubtk o~1ce ae tM P~~ P~U~t wltlro~tt 1n!quiry lnto !t!N ~sur~? os rmiWlb tUecrot. and tlie tyoelpt a~
~y pnbile oRfa~t oe partr !q tb~ t~a0s d tM l[at~ee al~l! Qe condadv~ rvfdeno~ a! tbe nlfdlt~ and ~a~aront of lten~
wp~ • tha lSoztpse~ sAali, st its optSoa~ bs f~ubroptt~d W ~wT ~unbrano~ 1l~0. cWm oe d~usnd~ ~d to ~11 tB~ rf~hts
~nd secitdtle~ f~ tbf PRY~t t~rea~. D~id a~r~eA with th~ prladpat sa:q ~eured bet^eb7 or b~ tLe Mortp~ee
nadar tat A~ ~d ~e~? w~ch mbroq?tlon 1r1~L1 sl~11 M~dditlonal ~ad ~uni~IRttw sacuril~ to thta Mort-
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