HomeMy WebLinkAbout0672 • . . ' Y t 4 ; 45`•~ ' _~:.t. ~t
'!'OtiiT~Et lIi'!Y ~11 and a~e Na t~nanleats~ bee'edltwand ~edapp
w~eaa~nee~ th~e+snnl0 betion~a~ ar iRae~.
was tLereuaio ~ppeetainins and t~s raata. irwe~ aad pe~oQh theeeat. aod aiw ~li ths e~tats, ri~b titls. iat~e~t wd aU eWm
and demaad wl~t~osvae. as wdl ia l+~w as in eqnit~. a~ Mort~~e m wd b tM ~ame. indndu~t~t not limited to:
All rant~ Pro~ts, rsvenue~mia~drs~l
~N
d pe+
mII~,
oe aqt~ ~ihee~~le~ot
a~aw e~iww,W~
or~i~ mad~i. ~c~he
o[ We soil otharwus (Q) dl. ns _ ~ Neor~ heeeb7 aWer befors oe atter sqy ddwlt
r;rht to reesiv~s and reoapt tmerera aad app~ t~s ame to tbs mdeb
hereuader. ~rd 3[a nw demand. ~U6 K Y!d ~'le0~[' ~RY ~It011 ~?mdRb Ml~ ~II~II ROt b91'eQY1t'!fI ~0 b d0. and (3) all
other r~at~. iewes ~W'oAb d tbs prsmi~e~ tran 4me b 4m~ ~eeru~nB ~hsthar undet ler~a or ten~nae~ now eaustinr or
he~flee ara?ted~ to M .1w~r~?a~ w iont a. Mort~or ~s aot ia de[wlt heeeandee. the rKht to reoeiw uad
retain We renta. ~ pro6tsa
in~iLe~ (1 and (3) Laeeen.
(~.`,~p jud~menb. awazd~ d d~my~a~ ~ ~attiemeats hee~e~iter aude re~nl~ hom eondemnslioa pn~eeedi oe tbe
takint oC ths premiseso~ ~p P~ri ~t nndee the powee at emiaent domain. oe oe ao~ d~m~ whstl~et b moh
oe otberwi+~ W' or ~M impro~v~ameats {h~rson or ao~r p~K t~eroot. at to ~n~? n~t~ ~ppnet~oant ~to,
taiu~ ~)~o~ M impro
indndine W~waed Ior eh~n~b' ~de d~trest~- M t~ n h~rsb~ wthorised~ m bahalf ~nd in tAe nw~s ul Mott~or
to ezeonte ind de~i~rer ~lid aoqaitt~tlees tar. and b ipps~Ct~ram aq~ suoh judaa4ent~ oe ~waid~. Mott~esm~,~ ~ppbr ~
sneh snm~ or atq p~e~ tberao[ ~o reeMnd. itter the enL ai ~l d it~espeo~e~, ineludinr eos{~ ~nd atiaoe~s' fee~, on tLs _ _
indebtedneM ~red ke~pb7 ah at4~ mraner a~ it ak~oe~ ~?t ib op4oa. t6~ entirs ainonnti oe aq~ patt tbee+sd so reeei~ed
m~1Y bs reieM~l. . : , . -
TO A1rD '1'O HOLD tLs abore ~nnted ~nd desaribed prsmi.es to Murtga~ea its sneeeso~s ~nd a~n~ tae~ar, .
~nd Mortga~ does heeeb~ w~~nt ths titls to aid lu~ and will ddead t6s aims a~ainsL ths bwiul d~im~ d au penou~
whomsoever; providd ahr~n~t it Mo~taa~or dull p,y to Mort~a~ee tlyt, eertain promway noto abovs deseribed wd sball
pedoem all other »~eei~d asd eonditioos o[ aid note~. ~nd d W renew+l. ezteoiioa ae modisos4on thereot.
aad d~is mott~a~s, tbeo t~is mort~a~s ~nd ibs sp~~ a~e~ted ~h4R qw~s and bs.ndl sod vad. .
Mortsa~oe fatW4e eo~aov?M wd ap+~e~ wiW D[ort~l~es ~a idbwr• . . _ . - , , , _ . _ . . . -
1. To p~,~r ~ll ~um~ m~ 0~eenrsd barsby when dna M prn~ided fos in Midpro~iaot~ not~ and ted 8t~tes d
est~eo~ion or modisaatioan~ aad-ia tl~ mo~aa^~s. ~Il sneh mm~ to bs ~n l~w[ d tLs Uai
Ameries at MoetRa~ss's atoee~id peinoip~i omos~ a~t soeh otLar pLas as ~att~a~es.my? ds~ ia:writin~:
2 To p~y w6on daa and witlwr~`t~e qti~irini ~ notiee ho~a M al? ~au aneamenta d sqlr ~q arn~~ and
other e levled ort as~eeeed a~ainat We premi~es Lee+eby eneum~~a~d pro~noe reoeipts' therdor ~tpon dem~ad. To
immed~s'~
p~
y and disob~ige elaim. Gen or en~mbeaaoe ~ain~t sueh prsmises whioh msy be or beoume snperior to
this mo~~e a~i to permit no d~nlt or de~nqqaie~ an~y other; Wn._~ue~ua~os ot e~e~a a~ wo~ D~l~ ~ i
3 It nqairsd b7 ~dcet~~, to abv maios ~namtb~~ dapo~t~ with io ~~oadntte~e~t be~'ins aeoonn~~o~eii~r ~
with ~nd in additian t~o intei+s~t and~~, o[ ~ wme qn~al to oas-tw~~'~ ya~tb_tate~ aad ~~ab whiob myr
bs bvied asainst the pe+emi~e~ ~nd ('d so req
'aubd) a~twdRh d the ~e~r~y 'nms fos mwranoe tha+eon. Th~ amouat e~ " ~
eaoh ta~oe~. ~er~ents ~od Peemiww,=wbep ~sball ~ esti~tsd~~~~~;~ 8qeh depo~its atid tied ~ MorF
gagee bp~? sneh w~es. ~sesmen4 snd praminn~s.w dne. Aq~. ~ a~eao~qt to~y ~ qha~a~ whq~e
dos ibaII be paid b~ M to 2~[orttates on dem~ad.~Ii. b7 re~an ittT wit b7 Mat~or~de~ W pe~a at
thn mort~a~e. Maet~agesa~s aII snms ~ea~e~d D~eb~ to bs due and Ma~a~eem~r t~u aPp~ ~ W f~ in
a~id.aooouaL a~ain~t the entirs indebiedaew ~ea~red hee~eb7. 1`he eot a~ eoven~nM rsii?ti~ t~o ta~oes. aeee~~en4 t
v
aad in~ura~osprem~nnu l~ i n o t h~ w
n e p e ~
s~
e d ~
L a
ll no t b s ~eo
t
e d e~oesPt m~o far ~s tho~s o
b
l~ho~ns hsve besa met b
y :
oompL'aaas ~rith thisp~ra~ h. M m~,y ~rom tims to time at id optioa wain. wd atter aoy weh waiqr reinst~t~, j~
aoy ar ~l1p~+ov~~u~anr ba~eo~~re4niri~~dePaits. bY notias to Mortfa~oe ia wri~. Whil~e an,~ snoh waiver i~ ia eQeat .
Mort~a~os ~aII pq ta~oes. arersmeats aad inweaaes premi~tms as heewa eLewhee+e pravided. ~ -
To.prompl~yp~ sll ta~ces and.aoeomenfs aweesed or levied nadee aad by virtue d~qy stste~ tedeeat, o= einniap~l
bw or r~gul.tion here~iter paesed. ag~i~t Mortgagee npon this m. or ihe debt hareby reouredj or npon ifs ~t,oc~e~t,
te
under tLis mortgage. provided however. thst the total amoun! w pad ar an~ anah t+?~ pnrsnant tio t~Ws Pai'~B~'+P~
.vith the iaterest p~yaWe on Ssid indebtednes ahaU. not ax~oeed the he.t 4wiW rste d interest ia Florids and provuied
further that in tLe evmt ot the pwage d any snah Lw or reg~4tion,~ ea~re iadebtednes seow+ed by Lhis mort~age ahall
Lherenpon beeome immedh?te~y dus aud p~ysble st the optioa K .Mortga`e~. ' . . : : . _ . . . . . . . .
5. To 1~eep tbe premi~es insored~ _a~ai~ut lou oc damnge b9 Me, windstaem and snoh otber ba~rd~ ~e my bsreqnirei
Martgaaes. ia farm wd amouaia Lirhdio~9 to: and in inr~aranee eomP+~nies a~pm~+ed ,by M~~ga~e~, t~hs poliae~ [or w~
ia~aisoes ~alt be pyahis t~o Mo~rt~aaee. Bueh polioiei, and aba~raets ~nd ot~er atls e~ndenes. s6aII bs dek~ered to and held
yY Morf~~,g'e~, Up°° tap~e
d
viis or otLer aoqniatton ot tba~peao ae ao,y' p~ri ~1~ee+eo[ b7 Ma~~~!'ee, ~
pohaes. sb.~et..ad titie ab.u~~s tLe .b.otats pe~ope~r d M
'~et~.~~ea. _ _ :
6. T
o S
e~
a
t o
b
t a
i
n t
L s w
r
i
L
t
e
n e a
n
s e n t a[ M sneh eon~ent to bs ~
r
a
nted ~ witLheld i?t ~s wle diieretion ct aneh
l[ortga~ss. betae~s (a) reomo~in~ ar dem~ a~~
e aow or hee~e~tter ~ee
t
e d m W s premi~, ( b~ v t~
i n
t t h
e +~+~a
mm~ de~+tn ae siruotnral el~~raet~ar We~+ea[. (e ~+u~Y r~ir±whieh in~oJv~ Ws r~mo~~i d strne t
n r
a l parts or ~he_~nrs
ot the interior d areh bmldin~g to t~s eieme~ntat or emesPt far doaaestie-D~P~+ ~~i a~nB a~ ptnut ~ie
euttinj ~nd remoral d aqy t:ees or timber on i~e premiw.
To maintain p~emise~ in ~ood eoudition aad rep~ir. indnding bat not limit~ed !o tars m~tin~ o~ meh rap~iis as MortBagee
my from time to time determine to be weeewarf for th~ pre~erv~?tion d fhs prs~es ~nd to not eommif nor permit any wasts ~
thareo[. ~
8. To eomp¢ with alt bws. oedimwoe~. reg~ilstioas. eovenants, ~ondition~ snd restriotions ~Reoting the prsmiaes. aad not
to snser ar petmit aay vioLtion thared. . i
{ 9. It Mortga~or tails Lo ~v as4 elsim, liea or enenmbranas whieh is superior to thia mort6a6a. ar. whsn dae. aa,Y tas or ~
f a~se~sment or in~aranae P~eaunm. or t~o 1oeeP We in repair. or sbail eammit or Fertnit wa~te. or d thera bs oommeuaed f
! aqY aetion or DeneeedinB aseetins the premise~ or titis tLeMto. ind~t not t~ted t0. eminent domain and bantrn~ta7
f,hen Mort~a,~~ee, at ita option. m~,Yp~y said lien. enenmbt~noe. tau. ~eses~ent ot preminm.
w~'ith righ~be~~tioa . maY mvice sneh repairs aad_t~te snd~ stepa a~ it dea~s sdvi~abie b L or enre sneh
waste. ~ndm~? ~PP~ ~ W? sue~ aetion ot pe~ooeedin~ and rs~a eoumet thersin. and tai~e ~nd~
~d. n~e~~~onsbls
deems sdvi~nbb. and !or aqy ot a~ purposes Mortgsgee ma~1 adraaoe sneh snms d monely~
sitorney'a tenes aad oWer itams d e:Psms as it deems neeeesar9• Morp~a~e shaII be the wle ~ndg~e d tLe le6ahh?~ vvidih? and
pnonty d any wah elaim. tim. eno~mlx~nee. t~, aseesment and nm. ~nd d ths ~mouat neees~e~ to bg paid in s~tit
i~otion thdreot. Mart~~gee shall ao0 be hdd ~eoonntsbls fac any d~ mabn6 ~Y ~ 1MymenR ~hial? de4Y m+~? resali
ia ~
aoy additiaed inteirest, eorts. ahatt^es ar eo~psn~e oti?erwi~. .
10. Mortg~ar w11p~ to Mortaagee, immediuteky and wiWont dea~and. all sums d mone~ advoneed by Mortgagee pmswat
to Wris mortg~s. ineludin~ all oosta. i+e~sonable ~ttorne~~ fees and ot~her itams d espanae, tog~ether with inte~est on eaoh s~h
sdvaaeement nt ~he este d ten pee oeut. (10%) Per +nnum. ~nd all meh sams and inte~+est thee~eon aha~l be aeoured Lee+eby.
11. All aams ot money ~eane~ed Lec~Y shaII be P~,Yibb withont w:did whstevee irom any valuation or ~pprai~ament Lw~.
iZ. If ddanli bs made in p~yment d a~,y installment d priaeipal or int~ere~t ot aid note or part theeeo~ w~en dae, ar ;
in p4ymen when d~neti, d ot~her snm ~eonred hereby, ~ inp~[ormaaoe d au,y d M a oWiQstions. eoveoanfs or i
L, her
~m~ts he~edar. all d~ indebtednees sawred Lee'ebY ~hal1 beeome aad be ~mmedia ne aad pa,yable~t tlrs optioa ~ ~
d MKtga~es, withont notiee or demaad whieh ~e~e hereby ea~pre~ waived. ia whieh event MartQages m~y ~rail itaelf d ~
a11 righ4 and remedies, si 1a~ at in eqai~y ~ad thi~ mart~age ma,Y bs foreelo~ed with all r~ht~ ~ad remedies ~ocded bY tLe '
Lwa a[ Floridu aad Dd~tga~ar sLali pyr a~l eost~, eL~Se~ aad eacpenses thareot. indndins s re~soo~ble aLta:ney's tee.
13. It defanlt be made in p,ymen wLm dne. d any indebtedness ~eonred herebY. or in Per[orm~aos d aqy d Mortgasor's _ '
obligations. oovenants ar agree~ents~erenndar: - ~
~ MaetBages is snthorised at aq~ tima withont notios. in its sob disorstioa to mt~ npon ~nd ta~e poseerinn d ~ -
fhe prem~s or aqyp~ Wereat, to perform aqy wts M dee~s neeeesary or~proper to aon~ee~vs t}ts ~eanrity aad to ;
eoIIeet and naoeive aII ren ~nes and pmQts thet+ea[. inel~tho~e ~at dne a~ well ae tho~e aearainB t~ereatter. aad =
P~ :
~ N) ~~R+~'~ ~ bs e~titlsd, as ~ matter d striot right ~nd rnthont re~aed W the valne or ooaip~ney d the aeanrit~. s
to Lavs a e~eee~ver apPou?ted to mterupoa and taicepo~e~swn d the preaii~ee, eolbat the r~t~ ~ad pm~ts ehee+efrom a~ spl~~ #
the aame as ths eonrtm~y direo6 snoh r~eeiver b h~ve aD We ri~hts and poweespe~m~tted nnder tbe Lws ot Florids. ,
In eit~rer s~h aNS Mort~ee os the reoeiver mU abo ta1[epo~eown d. aad ioe~ theoe Pnrposes we. a4Y P~o~ T
eont~ained in the premues ~nd nsed b1 Mortfagor in the eant~l ot le~eing Werao[ or aay D~rt tl?eeeof. The ~Penie
(~uN~~reeeive~~ fee~. oonmd teer. eosts and asenC ~ eompeos~tion) inenre+ed Pnnaant to ~he Puwen he~+ein oontained ~hall ~
be h~by. M~~~ ah~l (Jter pRymen! d all eosL and ~pames inouned) ~PP~ a~h ren~s, issnes ~nd Prosts ~
reoeived by it an tLs iadebi~edne~ ~eoured Lereby in woL a+der as Mort~a~ee detarmine~. TLe t to enter and take Pooewi~
ot aaid y to manage aad uPer~?ts We same. and to oo0eet We r~t~. issues andproSts~~eo~ wheWer~r s reeeivee or - €
~ otberwne.~a~ ~s onmuLqve to otber righ~ or rem«~v hereunder a aRorded b~* bw. and mq ~be ezeccisea oonourt~ent~? $
~eeewith ar inde~eadent~y tLee~eof~oet~a~ss sh~ll bs liabk to ~eewwt oab? for saeh rent+. L~na and prosa aatual~y reeoived ~
~ .
~ ~ ~
.
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