HomeMy WebLinkAbout1380 ~t .ill tim~•s ~x~a~rabh• :u~d quicth' to ~•n~er u~wn, h~~III. INY'U~)\' .u~~l rup~~~ ~.u~i I.~u~l: tli.~t ..uii I.in;f i~ t~~•.• irun~ ,t11 ~•ncn~r~l~rat~re•,;
'~~.it thev ~vill make~such [utthr:r assuranc.s to perfect the fee sirnpl~• trtlc~ tu ,.~i<! Luu1 iu ~he~ .l.~~Ni.~ti~~u as n~.i~ n:~.~~n.~hh~ IH•
.~,~uin~i; an~l th;tt tfiey du }tereby ft~l~V w.?rr:int the ti?le to s:t~~l l:uul uml ill tl~~t~~n~) tiu~ ,.uiu• .~~.ii:~tit tht• i,~~~ ful ~ Lun~c nf
~x~n,~~?+ ~~h~~~ns~K•vcr.
YHO\'IUEI) :11.~1':~l'S lh:it il ll~c \lu~l~.~~~,~i: ~I~.ill ~~t•Il :~n~l tnil~• ~~.n itntu tlu• .\,•:,~i.~,i~~u. tli~• n~~lri~te•clu~.. i~icl~•i~cril
th.it certain pnm~issun• nute, uf e~~en date here~~ith, mado b~• tiu~ \lurt~.~~~,~n an~l ~~.~~.~hl~ tiii• .\.,ui i.~tiu~i. iu tl~~• ~,riiu ~l~.~l
FIFTEEN THOUSAND AND NO/100------------------------?n~~1.~~. ~c 15.000.00
~~luch nutr, tu~rtl~cr ~~•ith inten•st th~~r.~~m thrr~in .jx~t•i(ie•~I, i~ ~~.«.il~I~• ~n ~n~mthh' iu.t:~Iln~ruls ~~t ONE HUNDRED
THLRTY-TWO AND 56/100----------------------------------------------------
1>~~Il.ir~ ~ S 132. 56
~~is dt~~ iSt dav uf each niout!? ~•u~nnu•iici?r~ ~~iti~ May 1, 1971 ~+Lic•1? ~~:?cmcnh -
~rr to Fx• .?pE~lird, first to interest, :~n~i the bal:iu~ti• to priiu•ip.il, uiihl a~i~l in~irbtc~iness is ~r.~id in full, ancl shall perform, compIv
ti.•ith and ubiclr b~• ~•:~ch and r~~ery th~ stipulatiunc, a~rremrut., ~•unJitiuns :?nd ~tii~-enant~ ,if viiil ~iruinisu~r~~ nute au~i tlii>
rn~~rt~a~e, And, induding anv ad~•anees m:?cle bv tl?e Assuci;?ti„n t~~ thr~ \(ort~a~urs. ~u th~•ir succyssurs in titt~•, f~~r an.• pur~osc~.
.it am~ time befare the release :?nd c:?ncY•il:?tiun ~~f this murtt;.t~~r_ t~ut :+t n:? time sh.~ll lhis ~n+>rt~.?~;~> serur~• ad~•:~rnti•c ~~u :1(YYIUII~
,~f .:iid ~~ri~inal nute t~~~;Mhtr ~~~ith .uch ,«ldition.il :uh:inc.~~ in a aum iu exe~~ss of FIFTEEN THOUSAND AND
NO/100--------------------------------- ~~„N.irs iS 1Si 04~. ~0 pl?u xnv a~l~~:u~~~es n~r~•sw~n•
r~~ ft[U~IY'~ t}1P ~CCUfth' :]!I(j c:~sts, th~•n this dc~c-d ancl the cstatr h~•mb~• cn•at~rl sh.?ll cYUSC• and 1~ uul) :~nd ~~~~icl.
A\D THE ifORTC:AGORS UO he~rebv cv?•e~~ant and a~r~r:
1. To pay all antl sii~G~dar the princip:tl aud interest and ~~tln•r ~R:n?~ ~+f muuev pav:~ble~ b~• ~•irhu~ ~~f ..ii<l }~rur.ei..~~n• nut~•
..~~1 this mortgage, ur eidier, ~xumptlti• c» ~ thc da~•s respeeti~•eh• the .amc• •~•rerall~~ enmr clue.
To pay a11 and sin~itlar the ta~es, actessments, levies. liabilitii•s, ~ybli~ation~ ;~n~l incumbranc~w ~~f r:~•rr~• uati?re an<l kin~l
r~~nti~ ~~n s:iid de~srribed ~~mperiv, or that hereafter uiav be im~wscd, suFlc•n•d, pl.ic~vl, I~~~•i~•~1, ur .iss~~~~e~i thcre~m, u~ that here.ifte•r
n~.i~• be le~•ic~l or asseu~~cl u~wn this \tortfia~;e, or the indebteciness s=•cunYl h~•r~•h.. ~•.ich ancl e~-~•n~, ~~•hr~i d~i~~ amt ~~:?~•.ibir.
«~c•onlin;; h? la~~•. Uefon the~~ lxcc~me clrlinq~~eut, :~rnl lx:fore am• interc.t :itt.irl~~•. ~,r :~ur Exvaltv is incurre•i1; arnl i~~s~~f.~r
,~~ti~ there-~f is of reami the sam~~ s1~:ill bc [xom~~t1~~ s.itisfecYl a~~d t!iuh.~n~rtl ~~E r.~tv~r~l :nid th~• ~~ri~inal n[firi.il cl~x~um~~nt ~such
~s_ for iiutancr, the tax receipt ur ihe satis(action ~~.~per offici.~ll.- rncl~~neYl ~~r ci•rtiFi~~~i) .h,~ll !N• ~~L•?c~•~I in tL~• h,~nds cif .r.si~1
~~;~~ciation :~s \tort~aticr ~.ithin ten da~~s next after ~:?~•ment; ;?ncl in th:• r~~.~nt th:it :~nv tlier~~,f is uut p:~i<t, .:itisfic~i :1hll (IISC}l1i~tYI_
•.ii~t A~cociation mav .tt am• time p:~~• tf~c tiamc or anv part tl?crcof «itliu~~t «;iic•~n~ e~r :~ffc<•tin~~ .ui~• ~~i~tiuu, lic~n, t~~uih- ur ri~ht
~inder ~r bv ~•irtue uf this \lort~:i~~c~, cend thc• f~~11 :~inaunt of ~•:~ch atul ~~~•c~n suc•h }~at•me~nt ~f~:?11 {x• i~n~m•~liati•h~ rlur :it~d Ex?~~:ihl~-
;ncl sha11 bear intemst Erom the ~late thercof tmtif E~ai~1 at th~• rat~• st.?t~~~l in tht~ nu1~• .c~~nrr~! hcrel~~ .~nil tn~~~~tL~•r ith .uch i~~trr-
~~~t sh:,ll t~e «YUre~i hv the lie~? of this ~lort~~:i~r. ~
To keep the buildin~,s and aU equipment .u~,l Exrwual pro~~rrt~• noM• or hereaiter ou said premisrs co~•ercci by this mortRaRe,
+~i~ureei in a sum eyual to at Ieast the amount o( the mort~ay,e, or an :unuuut su((icirnt to compl~• N•ith anr• co-insuranee reyuire-
n~~ iit covrring thr same under the laM•s of tt?e ~t.~te• o! Florida, co.r~ink lo+s lrom t,oth t?re and storn~, making the loss uniler saiQ
;~ulisic~s. rach rnd rvrry. p:+yable to thr .-~+~ex~atioti. .u mortKaker. ac its in~rri~t ma} ~~~pear. and s:~id insur:uue shall t~e iu a Kood
~nd rt~s~>onsible iusurauce comp:+u~ s.uic(a~tun to .eid .~,so~iatiou. :~n~! w~rittru b~ a tr~s~~onsible lo~.~l aKent sa[isL~ctory to said .~sso-
, ~:.+tion: at?d the ~wliiv or ~N~li~its ~hall In..t ,tami.~nt mortK.lkr ilau~c h~ithout contributiott. and. if ttee oreKit~al printipal amount
~~t tl?r rnortKatie is ritt~ "Thousand and rio 1~N~ Uoll.irs (S5l?.INN1.tN)j in ~•xeess thrrcof, shal) br held ha the .~ssociation, and, in
~hr r~rnt am• sum of mone~ tx~on~c•s ~~a~ai,lc un~lrr xuch ~ilicy or E~liiies. the As.wciation shall ha~e the optiou ro rr~cia•r and apply
ehr ~:une on account o( che indebtedness hernc~ sri~ue,1, or to prrmit thr mortKaKors to recei~~e and usr it, or :~uv part tt?ereof, for
~~thcr pur~~ou•s. Mithout tl~ereL~• ~.ai~iuk or IOfF3airinK an~• cY~uit~~, lirrt. or riKht ander and b~• ?irtue o( this mortkaKr, and may
{,i.+cr and F~a~ for su~h insurance. or an~ E~art therc~~L without ~.ai~i~~~; or altectinK its aption to (orecluse, or :m.• riKhc hrre~nder,
+nit the [ull anwuut o( rach and ecer~ such pa~men! .hall tx• imrocili.~trl~ due anil pa~~able and shall Ix•ar intrrc~st from the date
~f~rreot until paid rt thc rare stated iu thr nutc u~ured hrrcb~ ani! a~;cih~•r with such i~~tcrrst sh.~ll tx• srcurcd by thc lirn o( this
~tortgage. ~ "
To Pertnit, cr.mmit, ~rr suffer ni? ~c;iste, imFr.iirment ur clrt~•n~~r.itiun ~~f ,.~i~i }~ru~x~rt~, ur .ii~~• ~i.irt tl?e~reuf_ :uul i~Fxrti
ti~r fuilum ~~f the murM.?~nrs t~~ kec~~ the f,uiiclin~~s un ~aicl ~~rvi~rrtt- it~ ~~xxl c~mdifi~~a~ n! rr~r.~ir. th~~ :1s.ociatiun ma~~ clemand tli~
~;~n~tY3iate• re}~ir of ~:iid bu;ldinRs ~r thc• i?nruYli.ite tt•p:i~•ment ~~f the ~leht h~•ri~h~~ .~YUn~I, an:! th~• failure ~~f thr ~nurt~;:igurs
, t: comj~k ~~ith saitl dcm:ind oE th~• ;~S41K'I.itinn fur a lx~ri~xi ~~t Thtrt~• (.31)1 ~lat~s, •hall c<mtititut:~ l~n•.ich uf this tr.nrt~:i~e.
ind, at the npti~m of the Asscxi;itir~n, immecli.it~h~ inahir~~ the• t•i~tim .;muiu~t ~~f prineiPal :~nd int~•r~•st ~~er<~lre sec~~re~cl, ar~d d~e
1~~~x~iation, immec~i.itel~' anci ~eith~n~t nuticr, ma~~ i~~sttte~tc~ proe~~~•~liu~,. h, fnre~e~luc~• thi. mnrt~~:~~i~ an~l .i~il~h• f~~r the :~P~~intm~°nt -
,~f ~ licr~i~•cr, ac hereinaft~•r pr~~ciderl. .
This mort~aGe enntraet ~>mvicleti for .lrliliti~,n.e; aih•auce~s ~~L:cL in.~~- lx tna~l~• .it tL~~ uj:tiun i~f the• assuei.ition anil
.f~ciired bv this mort~a~r, and it is agreed that it~ the ecent of ~ncl? :uh•:utc~•s th~~ :?:nuunt mat~ fn• :uldr~l tn th~• n;~~rtt;:~~e cl~~bt
~:id shall inere:ise the unr:iid balance of the nnte herel~v see~tre~l bv th~ am~uu~t uf suci~ ach~ance :inci sh:~ll I~e a i~.irt of sai~l
~~~~te indebtedne•sc under ail th~ terms ~~f saiil note :irni tlus ci~ntr.u•t ::s fullt~ :+s if r~c~+• s~tch nr~te• :iiit~ cuntr.u•t ~~~~r~~ esrrnt~v!
~n~l ~leli~•erec#. .-1r~ .iclditiort:~l aeh•~ncr :+;rerin~~nt rn.ic h~~ ki~e~n c~ncl .ire~~~~te~l f~~r tiuch aci~•;inn• aixl jirn~~isi~~n n~;~~ iK~ lr~.ulr f~rr
'~ffer~•nt monthlc p:~cments ;:u~l a diff~rent interest ratc• ancl oth~~r f:~~~ress m«lificati~ms nf thc• c~nitrac,, hnt i~~ .~11 ~~thr~r rrs~x~c•ts
; hi; c~,ntract shall rcrn;?in in full fnrcr and ~•ffi~ct as t~~ caid iml~•btrclncss. incln~lin~ :~il adc.~na~s.
6. If at~~~ n{ the sums of muney herein referred to be not prum~~th• and fi~lh paid ~.ithin 'l~l~irh~ i;:ilr ~~ia~~s ~m~t aft~•r
tfi~• same set-erall~~ cY~me due :?n<I pa~•ablt~, c~r if ea~h and et•er~' the sti~~uF.~fio~~s, a~,re•~•mrnt. cimditiuns, ,?nc1 ra~•eriarits ~~f s.ticl
~~rumissory note and this c~eed, or either, are not duly performs•c!, cumplic~~l .cith an~l abide~l hv, thc .it;gre~atr suo~ mentioned
~n wid pmmi~.~~n• note and anc other amount or amounts ad~led to the tn~rtLa~e• inclcbtedncss ~~nde~r the te~r:ns of this murt~a~e
chall become duc :uid }k~~~lble [orth.~-ith or thcreaEter at the optiori of thc Asso;i.itiun, as fulh• anc! ~~~~mE~l~~tc•I~• .is if .;~id ;i~~~r~~~,~tt~
.um of monev was ori~inallv stipulated t~ be paid on such cta~~, am~thin~ in said promis~rtin• ~udc~ ~~r lie•r<~in t~~ th; c~nritr.~n• nnt
~a ithstandi~~g. . . .
To deli~rr to the Ascociatiun, un or 1x•fore Varch I:ith, «f t~ac1~ te.+r, t.~x rFC~inh r~~iele•t?ciii~ the ~~a~~inent i>f .ill la~c-
f~+11v imjx~sed tasc~s f~~r the ~~reciYlit~~ c.~lrn~l.ir vear; M delivrr to th~~ :~sscx~iati~m rertiptti ~~~~idenc?nt~ the~ pa~~n~~nt of :~11 liens
~~~r public impro~•ernents w•ithin ninety (90) ~ays after the same shall lxrtinx dnr a~ui ~a~•ablc, an~l to ~~ay or dischart;c ~vithin
•~~nety (90) dat~c after due date, am• 3nd all fiuvcrnmrntal levies that mav Fx~ mad~• ~~ii thc mort~.~~ect pru~~rtv, ~~n ti~i. m~~rt~a~~•
~r not~, ~ir in :u»• ~ithtr wa~• resulting fr~m the rnurtGage indebtc~ciri~•,s serun•~1 hr Ihi~ m~~rtt;,~e~•. ~
~~191 1~
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