HomeMy WebLinkAbout1213 .~t tim.•s ~x:u~c:~bh~ :u~d ~lui~•th• tu ruter u~M~n, ~~ulcl. ~Kru~»• .ual cv~p~~ ~.le) Luul; tlk~t s.~id I.u~~l u i~iti• ftun~ a~) ~•i~cwul~r.u~crs,
th.it thi•~• a•ill ~n:i1~e ~aich furthr.i assurances to perloct the Ieu sioq~li~ ti~le to xiid Lind in thr A~wK•~.~tiuu as ;:i.~~• n•.~su~~.~blv Iw•
r~•yuircvi; :~nd th::t Il?ey do li~~reln• (ully w•amant •.he titie to s:tul (au~l ,in~l ~~~II d~•(ru~l tl~r ..~u~~• :~t~:inrt tlu• 1.~~~(ul cl.~uu~ ~~f
..II ~x~nnus ~~huni~~K~vc~.
1'RO\'ll)F:l) AL\1'AI~S tl?~t if the• \Iurt~.~L~n~ ~I~:ill ~~ell :~ud t~ul~' ~~.~v untu th~~ .\~.~K~~.~t~un, tl~~• ~n~ii•hlivh~~•~c l'\'1lll'hIYYI
1,~• th.tt ~rrtaii? ~~~.?misson' t?ote, uf crrn tlate hr~c~cith, m~dp b~• tl~i• \1ort~.it;~rn an~! ~~e~ahle• tu thi• :1~.+x•iatiuu. i~i thr ~~rim•?~~.~1
,,,,,,,,~THIRTY-TWO THOUSAND AND NO/100---------------------~~„II.?r~ ~S 32~ (100, 00
~~hich nu:r, to~rtf~cr ~~•ith intt~rst thcr.v~n a. l~u•rri~~ s~w~e•ifie~cl, is i?.~r.~l,lr in ei~unlLlr iustallnn•nts u! TWI~ HUNDRED
I~`lr't~ -SEVEI~I AND ?9/100--------------------------------
~~~tt:~n ts 257. ?9 ti.
d~~• lst ~t:~.• ~•:a~h JU1N1~~1 /ti111lU1i',~~•~„~ ..~~~I? September 1, IJT1 N'IIICII F>:i~'!I}C}!~S
.~m tu h~• .ip~~li~Yl, fir~t to intc~rst, and thr l~:il:mcr to prii~ciExtl, until ~id in~lcl~t~~inc-ss ~s ~uid in f~dl. and shall perform, comply '
~vith and abidc b~• e•ach and c~•rry th~ sti~~td.?tiunc, a~nyiucnts, conditiuns :~nd ~.~ve-~~:?nts of said prumisson~ notr aud t}iis
~nuriG:~~c, A~~d, including anv ad~•ancrs made bv the Associati~~n to thr \1ort~;a~e?rs, or thrir xucrc~a,rs in tid~•, for am~ +iurEx~.u-,
.?t :un• ?ime hefom mlrase and c:~n~r~llatiu~~ of this murt~;a~~•. hut :it uo timi• +hall thi~ ~nort~a~;e• s!•cure ad~•ancY~c ~N~ :~cc~~unt
~~E ..ii~l ~ui~in:tl uotc hn;cthcr ~vitl? .u~~h .«Idition,~l :tdvan~~e~s in a sum in i~~erss uf T~IRTY-TWO THOUSAND
:1ND NO/100----------------------------~----th?ll:irs rs 32~U00.00 ph?s anv advuuees n~Yrssan•
t~~ luutcY•t the .~rurit~• and r.~sts, then this d~Y~cl :?nd the ~yt~te h~~n~b~• rn•at~Yl sh.~ll ~raW~ and Ix• null and voi~l. ~
A\D TNE ~tORTC:ACORS ll0 h~•reM• cvvcnant ;ind a~rer:
1. To ~~y al! :enil sin~,ry~lrr tl~e principal and interc•st and ut6er ~uu?s of ~nunc•y j~~•abk liv virtue of ~id ~~ru~:?i~u~n• nut~•
.n~l thi~ mortt;ase, ur rither, iin?mpth• un the-el.i~•s cespecti~•elv the same• u•verallv come due. ~
To pay all and sin~ul:~r the ta~es, assessmesits, levies, li:~bi!ities, ul,ligatiu~~s :trnl incua~l~r:?niti~c of rvrr~• uature ancl kin~l
un ..ii~l d~~c•rilx~ci pm~xrtv, ar that hereafter ~nav be im~xiscd, su(Fereci, i~la~Yrl, )e~•ieY1, or :~csi~.si~c! thereon,~o~ t6at hem.?ft~-r
m.i~• be le~~ i~~i or ;?csess~Yi u~wn thic \iurt~age, or the indebtednesc sec•urc~~ t~emin•, c•:~ch and er~n•, a•hrn de?e• and j~v:ibl~•,
.~:ronlui~ to 1.~~~•, tx•(orr thet• lx~c~c?me ~le•li~N~nent, anil Ix fure ar~~• inte~n•st attaches vr :~m• Emnalt~ ie ine~~rmd; aiul iasof:?r .u
ther.Y~f is of rea~rd the wmt• ahall lx• prutn~~tk ~.itisfuYl and dischar~t~i of r.°conl au~l th~~ ~~riginal o(ficial dix•ument (su~•h
for i~~.~t:xncr, the tax receipt or thr ~:~tisf:?Miun ~~.i~x~r uffiei:?ih• end~?rcecl or eertiEi~~I) .6,~11 F?e ~~lactYi in the hands of s:~i~i
:~s.e~ciation ;~s ~lort~.i~~r ~~-ithin ten ~ia~•s ne~t a(ter ~a~•ment; and in tlie event th:~i anv tficn~c~i is aot ~x~id, satisfie~l :ind dischar~tvl,
.ai~l A<«x~iation ma~~ at :ert~• time jxi~• iin~ ,am~ iir am• ~~:?rt th~~mof ~~-itLuut ~~~aiving or a[(rcting anv optiun, li~n, cr~uih• ur ri~ht
nnder or b~• ~irtue uf this \1ort~;.?~e, ;~ncf the {ull :~nu~uut af ~~ach and eren• wch ~x?~•~nE•nt sl~~l) lx• immeYliat~•Iv ~lue aud j~.~~:~hle ~
.~nd shall lxar interest frum the datr themof until ~:aid at the r.ite stat~vi in the nute se~•iirc~t herel~~ :in~~ tu~ethe~r ~~•ith such int~~r-
~•ct sh.~ll [x~ cecured In• the lien ~f this \[ort~.~fie. ~
3. To krrp the buildinRs and all eyuipm~nt :u~d prrwnal prapert~~ now ur hema[ter on said premises c.•rereci by this mort~Re,
m:urcd in a sum c~~ual to at lrast ttee amount o! thr mortRaRr, or au amouut sutticirnt to comply kith any co-insurance require-
mrnt covrrinR thr same under the IrMS o[ the 5t~tr o( Florida, co~•eriuK la+s from bo.h tire and stortn, making the loas undtr said
Fwti.~e~s. eaih and rverv. payablr to tt?r Assaiation. as mottRager, ac its i~itrrrst mar aNprar, a~~d aai~1 iusurence shall be iu a gootl
and respousible ihsurance ~ompa~~~ satista~ton to said :lssociation, aad writtrn by -r rrsporuible iaa) agr~e~ satisfattory to said ltsso-
e ~.tti~rr: ane! the policv or E~olic ies shall bear a st.indrrd mortK:~e i laux w•iehout contribution, and, if the oriRinal principal atnMm~
~~f ihr monK.~Ke is ti[~. "Thousand aud no, 11N? 1)ollan (S50.OO11.(N?) or in rxcess thereo[, shall be held b~ the :~ssociation, and. in
thr rvrnt ai~c sum o[ money brcomes pa}~able undrr such pulicy or policirs, the Associatio~~ shaU ha~•e the option to rtcei~e and appty '
ihc same o~~ accouru ol the indrbte~iness heretn• u-cureYi, or to permit the mortRaqon to reteive and use it, or any part thereot. ior :
uther purposes. w-ithout therel» wai~inR or imp.~irinR an~ eyuit~•, lirn. or riRht under and 1?Y virtuc o( this tnortgaRe, and ~,ay '
~,I~ce and pa~ tor such insuraucr, or an~ part tt~ereoL Nitlwut wai~in~; or :.f[ectinR its option to (omlosr, or anv right hereurxier.
.~ud the fup a~nouut o( cach and ca~n w~h pa~mrnt shall t~r immcYti.~trh~ ciue and ~ay~able and shaU bear intrrrst trom the d~te
tt~rrrol untii pai~i at the ratc statrci in the noer ~ecurecf hrreb~ and toyrther with wch inttrtst shall tx se~urc-~l bv the lien of this
~Jongage. '
T~ rermit, ~Y:mmit, ~~r su(fcr no ~~ast~•, im~~~rment or drte•r?ur.ateon ~?f c.ii:l ~>ru~x~rh, ur .~uti• ~x~rt thereof. an~l uEMnt
t},r failum uf the murt~:?~urs to kce~ the buildi~i~s ~~n wid pn?p~•rt~• i« ~~xxl cunditi„u uf repair, the :\ss~xi~tiun m.t~• dr~nand th~
~•ntnc~iatr rc~a,iir of said btt:lelin~s ur the in?nu~diate rcra~~tnent of the debt her~•1?r uruntil, .inil thr failure ~~f thc~ nK,rt~agurs
aamph ~~~ith said demand of tht~ :1ss~x~~ati~>n f~~r ~e~ri~K{ nf T'hirt~• (:3(i) ci:~~•s, ,l~.ill cuastitute hre.?ch af t}u. rn<~rt};a~~•.
ind, at the ~~ti~~n of the ~SSOflatiun, immrdi.it~lc rn;~tnre- the e•~itir~• .zr~u~emi of principal :~nd intere~t hereh~~ sec•unYl, anzl the
1:u~ci..tHm. immedirtch• and ~+ith~~ut n~ticr, ma~• institute pmc+•i•~lin~,. t~? f~~r~~c•I~?ci~ this m~~rt~a~~• and .~~i~k f~~r the ap~~intment
+f a Iten~i~er, :~c hcKeinafte•r pr~?~•idevl. ~
This mort~a~Ge mntr.~ct pmvidcs fur additi~~n.~) ad~~an~~~•s ~+hich n~:~v Ix~ nw~lc at tLr u~~t~un nf thr .~ss~K•iition and
•~rum~ bv this mort~ag~, and it is agreecl thrt in the event of .uch .ah;uurs the a:nuunt mav f,e addc,l t~~ thc~ m~xtKa~e drbt
:;,~i chali incre.ise the un~:aid baiance of the note hPreb~• scr~~rec! bv the• arnuunt of surh a<lvrnce .+nd sh.ill ~~e a ~~.ert af s:ie~l
•r-.te ~nde~Ltcdn~•ss ~nidrr all the tenns nf s.iid note :ind this rnntr~et ::s fulh• a: if a nc•w snch n~~tc ;ind ce?ntr.~;•t .~rre• e«rut~rl
~n~1 ~ieli~•erecl. .~n .~~lditiut~.~l :i~kancti~ a~reY•~niR~t ma~• IH~ ~i~~~n :?~iil .?cc~t~~~tevl f~~r su~•li atl~•ancr and pr~~vi~iun nr~~ Ix• m.i~le f~?r
!~ffrrc~nt mot~tl~h• ~?.~~rr~rnts .au1 a dif(crent intrri~st r.de and ~~thcr ~~~Eircys rruxlifii•atiuns ~~f the r.mtrac;, hnt m.~il ~~ther rc.ix~•ts
~hic ty~ntr~et sb.~ll rein.?in ir~ f~~ll h~re~ and e•(fect at t~? caid inclrbt~tilne:cc. ineludi~~~ all .~dv.:nee•~.
6. If an~• nf the stuii~ uE n,uney here~n re(c~TeY! ta be nut prum~th :?nil (+dl~• ~~i~l Htthin '1'f~irh t~i~~ ~ d•ti}'s uc~t akrr
r}~F• semtr seti~•~.~lh• ~•~me cl+~c :,nri ~~•able•, „r if each a~td e~•en~ thc~ 5~1~>UI.I~NIUC~ J~~ftY'tltt'fl~. CI~~I/Il~l~~il[~ .II1lI iu~•en.~nts ..~i~!
;~.n~missory nnte~ ~n~l this <l~x~cl, ur either, are net duh~ petfonnt•~i, ey~mplieYl ~.ith au~l .~hidcYl h~•, !he :~~n~at~- su~ri mcntione.i
u~ c,~~d ~rurnic.,~n• ru~tc ~n~l •in~• othcr amount or :~m~s~n~ts addftil t~~ thr m~~rt~;a~r ~uilrbte^clnres undi~r the trrn~s of thic mu~rt~aqr
~tiaU bt-rome ~i~u~ .,ruf ~x~.-~f~l~ furth~cith or thcrcaftrr at the opth~n ot the Associ,~hun, 3S EUR~" .tlll~ ('ni(1~)It'trlt• .i~ ~f ..u<I u~~n~.~tr
:~rm oI trKm.~~• «,~s ~,riQinallv stipulate~I tn be ~aid on su~•h da~•. am•tliinfi in s:?id ~~ru~nisw~n~ ~r.~t~ ~sr h~~ie~iu tn tli. i-~~ntr.~n ie.~t
ithstanclir.y,, "
7~, dcb?.•r tu th~• .~swxiati~,n. uu ur lx•fnre ~l~nh l:itl~, ~~f cach ~~•.~r. I.~r r~~ri~~ts ~•~-~~Icncin~ tiie j~~nwnt ~~f .~I) l.~w-
' illv sm ,s~<I t.:x~•~ Fur thr ~tilY ~Y~ltl(~ ~•.il~•n~1.~r ~•~ar, Nr ~I~•1~~•rr M th~~ :~~ux iahun n~tv ~~~h ~•ci~l~h~iin~ tIN• ra~inrtit ~~F all Getiu
'~~r pub~ec im~ro~•.•mc-nts w~~thiti r~i~irtv 1 JO1 vays a(tct Ihc s.~nx shal: Ix~c~~m~• Ju:• .~nd ~~~•.~I?Ir. :u«I ti~ ~rr cliac}~rLr witlun
•~~rk-tv (~Ml~ ef:~~~ a(f~r elur ~iaf~_ anv anel a~~ ~;urrmrnrnt.~l 1ew~e•s !}~.d rna~• tx• rn.~ek~ ~H~ t1u• rrH~rts~a~evl ~~urt*e•riv_ a.n tl~ie nu~rt~.~~r
r n+,tt', rrl in .inv ~,If~ri ~+:~Y n•~ultiu~ ~tnrn 1~~~• m~rrt~aF;e~ Ir?*~~•~?f~~:.~~•~~ ~tY•~ir~~~ fln~ mutt~.~y;r
a~~~ iy4 i~i3
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