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HomeMy WebLinkAbout0553 ~p ~ s..2oo.~:o.o.a..oa . sto,?~T. ta~a.. ~~x.............~.......... ~•..._~a. ~ ~ FOl! YJlLO= 1lECE1YeD. t?~ ~ninwd. lolwtlT aai ~:Wt. P110M3~ TO PAY !s tr ee~d~r ot .......FZRS~T..~TIA~t+1~I...B~DT'C..:OL~ ..BTt,A?u'~,.-..a...aatioAal••baoki'a4..ataociation.~...Stua~t,.Flat• .Tt~...g~iQBED~..TH~lII..11dD~...a0~140.-.-.----~~--~~~~~~~~~.,~:~,~:~~~~,~--~---.... aoi.tars. u.......81S...Co1oi=ada..l?7~tsau~....Stua~t+...~'lorida........._ .~.........._...oe s.e1~ ars p1~o..s w. ~old~ bar~a[ awT dMl~aaf~. ie wsWa~. fe~tMs wUh ist~s~s! traa dat~ d iL~ raN ot._..~_2..._..p~s wat~m pu aanwa o~ !M nap~W balaso~ aaW matuttlT. TM ~ald prleeiDal ~ed iot~t~st sba11 b~ du~ and pataW~ as Mlbws: Il1 ~~ill OA O= batose ninety (90) days altar data. a g f' It idwlt M~ tK ~ 5--- i~ t~ ~assa~t ~t as~ futaliM~t et MKi~a1 or i~br~st K w MK elwret. tL. ~r6eM •a~ tww e~aafaw ~ vlt? lot~erat Jdl at tid/~~ NtiM~ ~w u~ }~7aW ~itl~t ~etiee. FaUan b ucwcis~ wd MtMw s?~11 ~N ea~tltat~ a~alwr d ; 6e te ~eeeiw t1~ s~ i~ tM ~~wt ~f ~~Nw~t ~t~rM. /?ftK ~treit~ bet` ~isc4v a~ ~cerwd i~terest siall bear iat~rest at .............Nr awt aw~u~ atil Mk 71~ a~k~ a~ ef tAL ~eb Ivt?K ~i~~ i~ea~, ~etla ~1 wo~-Mr~t asi prots~t If tiis aob is Nt rY ~t ' twit7 a~i tb ~w ia.l~+ad ~it6 ~s ~ttKNs tK cotl~cUe~. eh~ ~es ~s~ eado~~es ~ed +Ke+~ te w aq c»b ef coll~ctiew. ieclodta~ iu eerrt ~b ua rMS~wa?b attwwrp Is~. QLITDOOR RSSORTS OF AMSRIC~1, INC. , a ~ . Tenneseee oorporation authorized to do busineea in the 3tate of Florida . ~(corporate seal) ...,..H~:~~_~~~4«_.._~l.d~t.~~~S.~,~_~.~._._...cs~.? Its Prasident a~: --•---~---•-•~-.~~tt~- -w ..~o~ SQa _ ......................cs~.~ . - - - - - - 4:.~ ~1~~~.....~ld~l.ti~~.~......ts~t.~ and ahall duly. prompUy aad fully perform. discharge. execute~ .effect, complete. comply ~vlth and aDiOs by ~ach and every the stipulations. agrcemeats. condiuons and covenant8 0[ said promissory note u~d ot Ws mortgage. tben thls mortgage and ths estate hereby created ahall cease and be null and void. It is underatood tt~st each of the words, •`note,•• •.mortgagor" ~and "mortgagee•• respectlvely and the pron- ouiu nierring tberetq, whether in tha eingular or plural anywhere ia thls mortgage, shall be singular ii one only and shall be plural iointly aad severally, it more than one, and ahall be masc~line, feminine and/or neuter, whe~ evu We oontext so implies or admits. Md said l[ortgagor tor hlmieli and his heirs, legsl representativea„ succeasors and aasiga~, hereby oovea- ants ana agrees W aad with said l[ortgagee. hia lsgal representatives. succeasors and assigns: 1. To pay all aad dngnlar the prlncipal and intereat aad tbe various and sundry aums o! moneY PU?able br rlrtw of sald proaal~ory note. aad tNu mortgage, each and everY. Pmmptly on the days reapsctively tbe sarm~ ,everauy eecome ane. 2, To psy a11 aad singular tbe • taxa, aas~aments, levies, lisbllitiea. obUgaUons and incumbrances of ever~ nature and kind now on ~atd descrtbed pmperty. and/or that hereaiter may be imposed. suitered, placed. levied or ase~ascd therenpon. and/or Wat hereafter may be levied os asaessed upoa thj~ mortgage and/or the indebted- ness secured hereby. each aad every. when due and payable according to law. beton they Secome delinquen~ . and befors any lnterest attaches or any penslty is incurred; and in so tar as any thereoi is oi record the sam~ slull be pc+pmptly aatfdied and discharged of record and the original otficial documeat (such as. tor instanoe. the Wc receipt or tha ss.tidactiaa paper otficially endorsed or certifiedl shell be placed fn We hands of said ' Hortgagee ~v(thiii ten days n~t after payment; and !n the event that any thereo[~ is not so paid, satLstied aad ~ diac6~rged, sald l~ortgagee msy at any time pay the aame or any part thereot without waiving or aftecUn~ ~ aay optloa, lleA. equity or rig6t under or by virtue ot thia mortgage, and the full amount oi each and every ~ such payment ahall be immediately due and payable and ahall bear interest from the date thereot unUl paid ~ at the rste ot ten per cent~un per annum and together wilh such interest shall be ~ecured by the lien of this r mO~g~ge, ~ a, '11p piaae aad continuously kcep on the bu;ldings now or hereatter sltuate on said Iand Me and wlndstorm S tnsurance tn tRe usual atandaM poi~cy [orm, in a aum not leas than i.~ll~}Y~~B~---~:AS•13~d~}~@~Yn ~~com- pauy or comp.^.niea as may be approved by aaid Moriga~ce; and all ~uch insurance policies on any of said build- ings, aa,y fnterest Werein or part thereof. in the aR~regate sum a[oresaid or , in excesa thereot. shall contain ths nsual standard mortgagee clsuae making. the lo~ ur.der said policles, each 4nd every. paysbte W said Hortga- _ gee as his interest may appeu. and each and e~~ery auch policy ahaU be promptly deliveced to and held by said ]~Iottgagee; and. not less than ten dsys in ad~•anre of the expiration of each policy, to deliver to aaid )rtortgages a reuewal theerof, together with a receipt for the premium of ~~oh renewal• and there shsll be no such inaur- ance placed on any of said buildings, any interest therein or part thereoi. unless in the torm and wfth t1~e 1os~ payable as atoresaid; and in the event any sum ot money becomea payable under such poliey or policiea said b[ortgagee ah~ll have the opUon to receive and appiy the aame on ucount ot the indeDtedn~ss secured hereby or to permit said Mortga(Cor to rnceive ar?d use it or any part thereoi !or other purEwses w[thoai thenby waiving ~ ot impairing sny cquity, Uen or right under or Dy virtue ot this mortgsge: and in the event safd Mortgagor shall ~ for any' reason tail to keep the aaid premises ao in~ured, or taii to dellver prompUy any ot ssid policld o! ~ insurance to said Mortgagee, or tail promptly to pay tully any premi~un tberefor, or ia any reapect fdl to per- torm, dtscharge. execute. ettect~ complete, rnmply with and abide by tRis covenant, or any part hereof. said b[ortg- aaee may place and pay for such innurance or any patt thereof without walving or atfectlng any option, lien. equlty or right under or bq virtue oi this mortgage, and the t1iU aqnount of each and every iuch payment shaU be UnmeBiatel~ due and paysble and shall bear interest trom the date thereo! unttl pald at ths rate of ten per oenturn per aanum and together vrith sach lntenst shall be ~eeured Dy the liea oi tAi~ awttgage. 4. To peraiit, commlt or suiter no waate. impairmeat or deterloratlon of utd propecty or anr patt thereoL ~ 6, 1b psy a11 ~ad ~Ingular the costs, charga and expensea, tncluding na~onaDle lawrye~~ tees and cost o! aDstra¢b ot titk, Incurred or pald at at~y time by sald Mortgagee beciwss and/or la tt?e erent a? the faflur~ al the paet ot tM sald l[ort~agor to duly, promptly and Nlly psrtorn~, dlscharge, e:ecute, eKect. complet~ campl~ wltl~ aad abide by eacL aad every the stipulatiwu. aareemmt~. conditlons aad oovenant~ ot said pmmis- ~ ~orp nots. at?d Wa mort~age. any or elther. and safd cosb. charBas aM esPen~. each and svery. ~hall bs im- mediately due wd payaDle. ~rhetber or not tbere be notfee. demand. attempt to oolkct or sWt pendtng: and t2N ; iWl amount ot eact~ and e~ery such p~yment ~hall bear 1nt~rest !rom tM d~t~ thareof until pald at the nte ot t+~a P~r ceAtum per anoum• uid W~!d oo~ts. chaBe~ aad tzPsnw w l4cunrd oe patq. tojetMe wrftb wch !n- ; t.er.t, .b.n e. aecuna bp ib. u.n or w~ ~norts•s•: . ~ ~ s ~i~6 ~ ~