HomeMy WebLinkAbout1803 _ . ~
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to malce aad Pertosaa at We M~ort~asors' owa expeose. wch rq~irs aod maWteaaaces u 1[attsa~ee ma1 t~rom tlm~e to tlme
req~ire. Mort~a~cee betn~ nereb~ made We sde ~ud~te d the aecessib theretor. Witbout ltmitic~ the ~enerali~y a[ tbe toreroinY.
the Mort~a~on shall cause all such butldia~s to be paiated aaR less o~tea Ww once la ever7 tl~ree-~~ar Derlod.
a. In the eveat the Mort~aQors sh~ll tail to compv ~ritti W con?enant coatained ia Pu+~D~ i. ~ oe 5 L~reoZ. l[ort~asee
ma~ (but s6u11 b4ve no obliQation ~o) pertacro such cavenant an bebalf ot t8e Mortsa~ors aad the full unount ot aver~ Ps~lmeat
made D~ Marf~s~ee ia sucl~ coaaactioa sball bear lnt~est at tbe rat~ at 10l~. D~' anaum t~rom ms datis so ~afd and sbaD be ~a
cused b0? the liea ot this mortga~e. Ii 11~ort~asee sLari peziorm W eoveaaat coaWned ia paratraph S. ~I[at'fis~e~ m~,1 add ~o
sucd pa~ment a tee eQual to 100% d such ~?ment for Ma'ttyi~'s sezvices ln arraa~in~ such perto~a~nn. ~oe~a~ee shaII
alao have t6e uPtlo~n to eKect ~re and e:teaded covera~e insntauce in an amount sui6cieat fenm tiene b tim~ t~ disch~r~e tbls
mo~rt~s~e aad the aote secured hereb7 and tbe Mortaa~a~s abaII have no interest ia such insurance. ot~er tban tbeir iaterest in
such c1lscLar~e. aad the fuII amouat at every panneat a~a~ by Mactis~ee ~oe such insurance sbaII beat iaterest at the nte d
1096 per annum rrom me aate eo paid ana sh.u be securea tp v,a uen a tbls mo~rf~s~e.
T. ~at (a) in the event a~ aW? such b~eac6 d this mort~aYe or aW? ot tbe tenas hereol oe default on tha part ot the Marw
taaon. or (b) in tbe evmt a~ sunws ci moae7 referred to berein be aAt pcomptb and fulu P~id as tbe same bsooa~e dne and -
payaWe. or (c) ia the event ot detault in the pa~ments uader said proo~isaar~ aote: then. it aa~ such detanl4 tball oontinue tac
a pestcd d 10 dsys. the Qsiacip~l sum sat out in said promissor~ note thea rta?aloin~ unAaid. and aIl moaeYs stcur~d hereb~.
s1w11 beconae and be Immedisteb due and pa~able ~at ffie oytioa ot Mwrt~allK ~tLout notice or demaad (which ara beteb~ ez
pcess~ waived). aad this ma~t~a~e au~ be foreclosed ~vilh all rl~h4 and semedies attatded. bl tbs Lws d lriocfd~. mcludin~
We appo~intment ot a receiver. ii applied tos b7 l[ort~a~ee. In the a~vent tbat ldort~atee shall declate tbe pri~l suan set
out ia said Pz"omlas~? note then remalNo6 unpaid. and all awnqs secured herebY. immediateb due and p~,yable. tLe Ddac~
Qal~ors ahpll immedtatel~ pa7 to Mact~aace an amaint eqw~l to the siaouo! at ~rbich this note could tben L~vtu14 be Pi'~D~
pius aw ot6er a?on~e~rs secured hereby.
a. No deleY b~ Maitga~ee ia ezerclsin8 ar~y rIght a~ semeiq hernunder shall operate as a waiver tharco! ae Preclude the
ez~ciae thereaf durin~ tbe continuance a[ a~ default hereunder. No ~vaiver b1 M~ee ot a~4 default ~6an ooostltute a
waives od ot conaeat to subsequ~t ~eLulta.
9. lbis martSage and the aote secured bereb~ constitute a ~7arlda coatract and shaII be constsued acoadtot b tbe la~vs ad
that state.ll~e Mort~a~ors hereb7 ~vaive aII bomestesd ezemption ~ranted b~? the Caostitutioa and I.tws ot Piorida.
~e covena~s and a~reea~ats cootained ia thls mart~a~e sbaII run ~rith the Lnd and blad Mort~ata's. tbe beirs. Pei'sooal
representatives. succesaors and assi~ns a~ Ma:t~a~ors and all sub~eque~ o~vners. encumbraaces. tenants and subtenants at
tbe preanisea. and ahaII entne to the beaelit et the Mact~a~ee. ffie successora and asstsns d tbe ~oitll~Bee and all subseWmt
holders ot tWs mo:'t8a~e•
1N WHERP~F. tbe MartSaB~'s have ezecuted mis instrument under seal oa the daT and year lfsst above wtittea.
Si~ad. and vered
tbe at:
Y1 i~/11•~~i't/ -1~.~ (SEAL1
Me~a :~Tallac e
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STATS OF FiARIDA «L~
ss..
COUNTY OF Str _ LLiC~,@ ~ (SEALI
Before me personally appeared rielba Nallae e ;
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to me well known and known to me to be tbe individual_ described in and who executed the foregoing instcu~neAt,, and. ac- ~
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kaowledged before me tha+ she executed the same for the purpose th ein ssed. - .
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ALl St? ~~`~~.•`i':1..-~. ,st''
W11R~ u~y hend aad oitlcial seal t~+~a 22nd day of ,
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N PabBc. State of ; , . . _ :
at I.arge. j • - _ ' ~ c
M commission e:pires: f• _ ,
ovember T?s 1971 ~~1;: i".~'~, - i
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~ O FILED ANp R
ST. LU~IE COUNI~Y f~~q
~ W O R~CORp VFRIFI p
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~ ~ ~ ~ '68 SEP p~~ ~
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~ R~~~R ~'OITRAS
~ O ~ ~LERK CIRCUIT CO T'
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ao~ ~.7~ P~~7
FoRM 4o~.ses ~ : ~ ~ .
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