HomeMy WebLinkAbout0815 r ' ~ ~ " ~ • ! f ~ ~
t Lr ~ ~
~ ~
t r~~~ ,~T ' . ~ ~~~j~j ~ .
~ 7~~~ f'~ . ~ f ~.iiA~~
~ ~ ,
Toelrrass wrra .u .aa .in~ular we t~eman l~cediwnanb .nd~p~urt~eoaaee. tL~ab eslon~;u~ ae is
u
was thenuaw appertaiain~ aad the reaq. i~wes ~ad ts t6~e~sot~ snd ~ho +~i? ths e~t~t~. ri~D~ titk. iutee~at aad ~il e1+~
m
~nd dem~ud ~hatwwer. ss ~~il In law ar ut eqai~y. Martia~ae ia +ad b Rbs pmq, Lnaludint bnt not limit~ed to:
M rent~ pmAts! revenue~. rap~lties. ngbts wd beoeAh dwivea hom (1) ecop arown oa Mid ~ee~uriqr aad peodnas
e
d the soil othawus C2) wl. or miaeral le~~es al ths prepii~e~ oe atU thee~ed now ensoin~ or A~e~tt~r asada witti ~u
ri~h~rsoei~rs~ reoeipt ~or ~nd appl~+ the aa~e w W~ indeb ~eoaee~ hersby. either bdors ot dke aqy detwlt
a~[~ m+J? dem~nd. sue rK ~ad raoowr aqy s~h p~ymaata bat sl~aU not bs reQaird a b d0. ~nd 4HI a1!
otLer reata. iwea ~ad D_ro8ts a~ tbs P~~ le+om time to tims aeoroiu~t wbethee wider le~~es oe ~ao~aeies ao~ exispn~ ae
+e
~ee+e~Ecee ae+e~t~al~ w
d p~
m~
Qb
i
a • bowe~a~ .o bnr a. Mar~r,. no~ in de[uol~ henunder. ths ri~ht b rsodv~e sod
rst~in ~s renta. ~snes (1 ~nd (3) h~+etn. ~ ~
(b) A11 jnd~nnents. ~w~rd. ~oi dam~ ~ aetHemeaa het~ttar m~de e~anl ' hom e~d~m.oaiioa oe tM
t~ku?~ a~ 1~ premises or W Port ~~ed nnd~r the pawar a~ amiaent do ar, ot~or p~ e~ tneh
ot ot~erwi~ ~o ths WY aam~ vh~ther b~
pcami~es or the improve~a~eats the:+eoa or aq~ p~tt thaceot. oe b~sy' rl~ts ~pPurko~wt ti?ereto,
u~ W fae oh
n~s
d~~ o! ~trests. Moet~es is h~bj wLhorised. on behal[ and u? ths nams d Mort~a~or
to e:ea~b aad deiivee ratid a~oqnit toe. and to fe~m ~a~~oh _
~PP~ ' u ~OV or ~w~rds. D~a al~ .
c
saeh swns a aq~? p~et ~he~o~ p reeeived. *tbec tbs ent d a~l o[ it~e~e~. ,edndin~ aatc ~d st~qs'~ee~~oa
ths
~~indebtedn~~~eeae~ed ~reb~ m snoh m~n~r ~ it ta, a, ~t ita opt~n, We entie+e ~monat ae ~etT p~t t~bee~o~ ~o ~oetved
TO HA~ AND TO? HOLD ta?s ~bo~e sr~nLed and de~ecibed preani~ea to Martga~es. it~ aiveeNOes ~ndaa~~
e~e~ torever, ~
~~ad Mostga~oe doa hec~eby[~ w~re+~ut the titb to nid~, and w~l detaad wrs wme a~ainst the brrtal d~ims ~idl
w
b
o
m~ o s
v
e e;p
r
w~ d
e d a
1 RRys t
b~
t d M
o
r
t~ o
e ~
i u
l
l pw t
o Mort~~es t
b a
t oertain prom~roq aois a
b o
t ro de~eribed ~
peetoen a~ oWer eu~eeant~ ~d ~oaditiow u~ wd Promiror7 nots. and d ~RT renew~l. ~eactaoaioa or modiflo~ioi?~. ~
~nd ct t~ martgaa+s. tLen this mort~e asd the e~tats Ls+siqy~ erp~ied sl~all ae~~e and bo aull aa~d void. ~
M farthet ea~vena~?ts ~nd wit~6 ~I . • , ° . ~ - ' .
°et~~oe ~e~s a~rt~e! ~ tdbw~: ; : , . ~ , . : ~ : • - - ~
l. To pq all snms ineiu ' interast ~eonred bei~sb~ whan~dqer as pro~ided foe in
pid p-e note ~ad a~'a~y i~ene~wal,
extamion or modiseseion W~ iod i~n tbi~ moe~ars, a~l sneh snma eo be~ab~e in L
lwtti
m~
of tbs Unilsd B1N~ d
Amariva ai Ma~a~e's ~toraq~id p~p~l o~lo~, ae weh other p~es y M~es,~o~y d~q ~q
2. To p~y wLen dqs. and withon0re qurrint aoy sotiee t~ M t~s~ alt ti?~e~. ~wmeob a~ WY-RYP~ c~ nsiurp ~nd
ot6ee lwied asr aa~ee~e~d ~gsfia~t tbe' W+ea?ises hee+ebY eneam~bee+ea~snd prodaae reee~ipts tLeh~tor npan dem~nd. To.
immedis~y
psy and di"sah~ege eL'mn. Uen ot enoumbr~nee sgaiast suah pe+smi~es whio4 mRy be ar beoome snpq~io~' #o
t4is mortp~e ~nd to ~ennit no d~iuilt or delin9~4X ~ ~1Y Q~ eaenmDe~os °r °Lae~e a~Y~j !oeh.~eemi~. ) ' . , '
3. .It req~ired b9 Mort~a`as. t~o aMio m~ioe mpnth~ d~po~i4 with Mar m s aus-iate~e~set bs~r~a~ aeeol~tp~
with aod in addi~ion to inteeest and~ af same qnaI to one-twa~I~ ye~r~ t~tas and a~~e~neata v~ueb ~
be lsniea .i.inao the nre~e.. .na ('d so req
`wrea) ons-twelrth at shs prem~
nm. ior in~nnaes t~.reo.. Tbs' oaut~at ~
s~ t~, are~aeats wd Prsniums. whqa ~ni~wa, a6all bs e~tiims~ H~rt~~e, ~eh depoits ~h~?li b ~ Mort~
~ss~b
p~ saeh Lu~oes. awesmea~s atd P~inms when. dne. Aq~r d tneh t b pqy wah . wr~n .
dne bs p~d by M to l~ar~ oa ~ma~:.U. b~ reron a aq~ adt by~~r~o~ atider al~r~p;p~a~t at
b
~eelat+es ~11 w.iw ~ea~red art~a~es tben ipp~ aqy ~nnds in -
s~id ~oeo~
~~ia~a~aina~
iirs indebtednen ~eonred be~rs
~ Th
enf ~ at ~eoareoaab
~~w L~ne bee(i
~urd iawe~aatptem~nm~ bera~n osbe~twise ptoTided aball not bs af[eetd e~ospt~'va ~o far as thws ~
by
eomptiaaes ~rit~h ~his a r
~
s
p
h. M
o c fi t~ t~
e e m~ ilrom tims to time ~t its option w~i~e, and att~ee meh wai~er ~
W a~ W'~~~ ~«l~[ ~
P a
i i
s. b
9 ao i i a e t
o 2
d i
a w
r i W
l
u'
l e ~ meh
~t. ~ ~ah waivar is in btlt~ ~ ~ e ~ 1
M~
s
i!'~ ~ P R
I' V~. a~.e~o~eats and msnranes p
e e
m iwmR M~~~
d~
s w
h b e+
s p
r
o~
i d
s d. _ -
4. Toprom~p ~?11 t~?se~ ~d ameesments aweesed or leried under aad by ~rLue d aqy ~4 tederal. ar
bw or re~obtion~ter am e t~
nnder tbis nP°° this ~ or t6s deb= he~eby ~i or upon itr-`~~~Ite~ .
moetgag~e, pco.ia ho.e.er tb.t the toad amonn! .op~ or any snoh t.xe. puewant to sh~. p~a~sp~ fo~e
wiLh. the in~~st p~ys~ qn ~?~d inde~tedness d~all aot exeeed ~e. ' t 4wtd•rate iot iniec~e~it in-I+~otida anct prp~ ~ -
furtber th~t ia tbe e~t o~t the passegs of any anah Isw or rqgulstion,~eat~s indbbtednew ieowad by tLis morS~e siull
e
therenpoa beeome ieimedi~te~+ dne sad pq~?ble at Lhe option a~ Maefta~~ee~ . •
b. To l~eap tbs premi~ea insareda~n~~ los oe da:na~e 69 Me. windstorm and sae~ ot~iier has~ed~ ~ msT be _
Mort~~~ m[orm and amonnt~ sati~Tae~or9 i0. aad in mwranas eomP~uies ~DPi'nvedby M t~~, t~he poli ae whi~e
im~oratas slrp~bs pbrapls ~o M 8weh poi'rbies, and abatr~ets wd oihear titis evideuae.aih~li bs delivec~ed to
snd beid . ,
by Mort~es. IIpon fa~eeiosur~~mort~~s or otLer aequiri~ d ti~sp~aowa ar ~ p~rt thareot by..Mortsag~, aid
polide~, absLn~ts aad titls evi~aneb sluil~ beoome =Ab ~bwlnte property d D[or~es. . .
Q To Mt obt~ia tbs writt~en ooment d Marly~moh eao~ent w be panted oe ~ithhdd st t64 wk dise~+etion d sne~ ~
Mar~aj~es. Ddors (w) re~.o~io~ u~_ now or bet+e~tter ereosed aaz the Drami~es. (b +lterin~ the at*an[e-
meal, des~ei ae ~tsaotns~l ebsraoter tbered. to ~ aqy e~egairs whiah invd~e tLe ~ d strue~
parts or tha.°:F°s°r°
d Ws in~ior d~eh ~ to tbs d~en~en 4e O a~eePt ta~ dome~tie I~~r~. ~~t a PermiWa[ ibs
entting ~
a ~
d esm
o
v
a~ d~ te+ee~ or t
i
m
b e r on~ peemise~. .
7. To mainhin Ar~nwes in aood eoadi~cn and~e~r
. inetadinB bnL not limited to ths makin~ d sae~ rep~in ~s Mort~ges
m~y imm ntns to tims deLermias to bs neede~ry for tbe pe+e~erds4on d the peami~es ~ad to noi eommit nor permit aa~ wasts
theeeot. ~
8. To eomp~ with a114va. ardmanoes. reQalstioas. aoM1'enanb, eoadition~ aad e+ertsiotions a![eetine t~he ptemises. snd ~t
to anRer a~ pernuL aq1 vuuLtion tibrea[.
~
9. If Maetgagor ta~s t~o p~y an~}r elaim. lim or enaumb~snae wLieh is sape~iar to tbis martsaga, or. whea due,, aq7 tax oi~ '
•ssesembnt or inwnaee Preaunm. or to teep tbs ia rep~ir. or ahall eommit or permit wa~te. or it t~Leeb bs oommeneed ~
atU aetion or ~rooeeding aseetin` t6a pre~es or , tit3a theMto. ~ n~
. bat not tim~ted to. emiaent domain and b~wkra~to9 :
or reor~ani:+~han thea Mort~gee, st rt~ optio~ ma~p p~~ys~d'
. oW'm. lieo, eaaum~rauos. t~, aere~went ae p~aunm, i
with rigLt d snbmastion er. may m~lce saeh repa~s a
a d taice ~ah ateps as it deenu ~d
v
L i a
b
l e t~op~s~?e~nt at onre wah
waste, aad aPpesr ia an~r weh aetion qar pe~oaeedias aad reMia eonmel thee+ein, aad ta~Ce a~h aotioa Lheeein as M~tga~s - ~
d
e e m s a d
v~
a
b~ aad tor a
q
y d aaid P
n
r
p o~ s M
o
r t~
e e m~ advanee. s~
h wms a~ mon , i
t~
d
i~ sll eoa
t s, reNOn~b1s
sttorney's fee~ ~nd othec items at atpeo~s ~s d deam~ neeees~ry. Morttag~es a6ail bs the aoie~udgs d the le~atity. va~idity aad
pe~on~y oi ~roy soeh d+im, li~, eaoambrsnes. W~. aasesaaenL aad~~
um. and d the a~nount to be p~id in sutis-
f~?a 'hoa tbee+eo[. Mort~agee aLall not bs held ~oeonntsbls tor aqy ctdi4Y ++tY ~ p1Y~~. wL' delq m~y resnlt in ~
' at~y additional in~est, eosts. char6'ed or a;Peose o~Lerw~e-
10. Mort~~gor will to Mott~ag~e0, immedistdy ~ad withoni demand. all wms d money ~dvaneed by Mortgares p~usaan~
W tl~ir mor~a~ey iad~ ~ll eosfa. re~wn~ble att~orney's tees ~ad ot~Ler iteaos d eacpense, tag~ethar with interest on eso6 sme~t
advanosment st tLe nte d tm per oen~. (10%a Per aannm. and ~11 snah sams aad iatec+est Wereon ahall be eeenred heroby. `
11. All anms d moae~ sea~red hersby sLait be p~yabk wit~out aay r~}ie~ w}u~teveetmm aq~ vslnation or sp~t Lws. . {
lZ. It detanit be made ia pqmeQO d~qy installment d prinap~l ~r interesL d said note or p~rt thereat w~an dne, oe a
iri p~ymeat, wh~n dne, d othe~ snm ~eaired hereby~ ae inp~{
orm~nee d sn,y d Mar s oWi~atiaos. eweoants at ;
ag~~eements he~nder. all d~ indebtedne~s seaured hee+sby shall beoome aad be immedia ne and p~,y~Ws ~t the opLion ,
d M~rtga~es, wiihaut notioe or denuand wLioh ars he~eby~y waived, in ~vhioh erent Mortga~es m~y a~ iadt d `
all rights aad remadiea, i?! Lw~ at in eqni~y aod this maetg~e nyy 6e fa+eoiwed with a1t rights and rem~dias asorded by Wa
Iaw~ a[ P'to:ids snd l~iortgagar sLail p,y afl oost+. ebar~es wd espeu~es thereot, inaladinj a reiua~ble atta~rnear's fee. .
18. It deisnlt be made in paymmt~ when dne, ot ~q indebtedne~s ~eenred Lereby. ae in pertormaaes a[ any aI Mortgasor'~
, oWigations. ooventu~t~ oe age+eeo4enfs haeunder: ~
(s) Mort~~ee ffi snt~ori:ed d aq~? tima. without notioe. in its ~ols diaeretion to mtar $yon aad take poereesion d
tbe preaniee~ ar_aaq?p~~ r6ered? to peefaem an~ uets M deems neeees~ry o~~pro~e~ to oonserve the seenrity s~ W
eolleet aad reoe~ve aII rents. ie~nes and peo![ts thee+eol. n~~~thoes ~ast due as well a~ Wo~e aoerui~ tbere~[tee, aad
(b) Mart~ages ahsll bs e~tit~d. ~ a mstter d striet right a~ w?thont te~ard to the valne or ovaupaaay aI t~e eeourity, .
to Lavo s rsoeiver tad to enter npoa~nd t~epo~e~
o~ ot t~?e Premiee~~ eoIIeet the rents aad pmflts theretruo~ ~nd aPDly ~
t~he ssme a~ the ~m~r d~eat. sueh reeeiver to luve aII tLs right~ and porrenspecm~tted nndee the L?wa d Fiorida. -
In aitLer sneh eaee MKt~a~eo t~r•~,1~ ' er ayy aLo taica ot. and for Uia~e pnrpwe~ n~e. sny and al! peTwnsl
property oontained in the premues ~od med~y Mort~nr in reetal or le~ng ihareot or aay' Part thereot. The espenee t
(inol `ndu~ reo~eiver's tees, eounssl fees, oosq aad a~ent s eoanpen~stion) ~rred parwaat to ~S powees h~n eont~ai~ed s6~U
be ~ee~u+ed hee~sby. M r~ aLall (~ttar pRymen~ c~ sll eosts ~nd eo~pe~ue~. ineurred) +DP~j' saah e~anh. i~sues and .pa+os~
reoeived bY it on the iadea
tiLedneN aso~+ed her+eby in saoh order ~s Mortgsgee dete~mines. The nBht b ent~er and tahe ~oae~tion
d~i~d fo mana~e ~nd opente ehs ~me, and to eolleet Lhe rent~„ iesues aodp~
ts tt~ereot w6sthee bg s reeeiver ot
otherwiss,~~~e onmulahvs to othet r~ht or i+eanedy herenader or aRorded b,~ Lw, and m~'bs ezere~sed eoseure+en~r
thae+dwith or indepeodentJ,~ tl~aal~ortia~eB s6a11•be liabls ta aeoouat on~y for wa~ ren1+. isues and pe+o~ta re~ reoeiired
~9 ~a~~
~ . . R ~ ~ ~~~Q' . , a .
goo~~~ r~ 8Z3 O~F~CIAL ~ ~
. _ ,
~ : - - ~ - _ ~ . - - - , - . _
~