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HomeMy WebLinkAbout2067 ,1 a11 tii:~rs ~x~.~cr.~bh~ :u~~l iluirtl~• tu rute~ uEx~n, I~ul~l. ~xru~~~ .ui~1 ~•u~~n ..u~l Luui; tli.it ,.~i~l Lu~~l i; frc~• ituw .ill rUCUUIII[d11CY'ti: ct;.it t}ie~~~ ~ti•ill ~nake~such furthcr assurances to perfcxt the f~~e sim~~I~• title tu s,ucl 1;~u~t ~i~ the .-l~s~K~i.~tiun ;is r~i.~~• r~•.uuu.il>h• 1x~ i~ ~~uirt•tl; and that ihc:~• du hereby iully K•anrnt thc title to ~~il l.iu~l .iuil ~+~Il <i~•frnii tl~r ,.uni~ .~~~.uu~t th~• L«~iul cL~i:ns u( .Il ~x•r~un~ uh~~n~six~t•e•r. PHUt~II)h:i) :~1.\l':~1'ti tfi.~t if tln~ \lurtt;,t;~r+ ~le.l11 ~+~•il an~i tn~h• ~~a~• ttutu tlu• .~..~~~i.~tiuu, th~~ iu~lrht~•clu~.s ~~•i~l~•ucc~l }~t• ihat ce~rt.iin ~>rumiawn• uote, of eaen ctate hrre~cith, made b~~ tl~r \t~~rt;;.?~;~~rn :~u~l ~,.~~.,hl~• t~~ thr :1.,~K i.~li~m, i~~ tlu• ~,ri~~~ ~~~.~I „f EIGHTY-ONE THOUSAND AND NO/100ths------------------~~„~~,~, ,S R1, 000. UO ~.+liii•h n~~tc~, t~~t;c~tlic~r ~~'ith inte•ri~.t therr~~n X~~Ki2i~?Yr~+.~4~i~?2~~C?Y,'~~3L.?[~..1'~?.\~}i+'tI1i,X'G1i2i~?~i~~(,KXii clt t~l@ rate specified. Pi•incipal shall be duc,~ and payabl~: in full on October 21, 19?4. Iiiterest shall be due and ~ayable monthly comme?~cing oii the 20th day of November, 1971 and on the 20th day of , c:acti mc~nth thereafter until this note is fully paid Z~olLxs;Xi~xx.~x~xsxxxX ~Y12~Y2CX?CX2CYXX~:PC`[]~JE'~t?[Odll]~pfilm[D~[~YS[~C.Y~?C?CYX7~i~XX~~C.L' ~Y YK~cx x X~:bX.YXXXXXX.~XX~L•k?~3ii~t~ .~tiy);kt};3j~Kck:f~lCSxOCI~t~COipt~![lt~C.~~C~cC6~~d~Ll~, ~u~til •aid inclcbtcY~ness is p:iiil in full, a~~d shall perfomt, complv k ith and abide b~• each and e~~ery ihe stipulati~~ns, afirrrmentc, con~iitiui~s and cYrvrnanb uf s:iicl ~,romicwn• note :uid this ;nurt~.?~c, ~0~ldlc~l~}CA~4~l.~RS~RASS~c747~1~4C7~'X?~~[4C?d17I~94~I1h[~!0?t4C~ihSJs~4i~'3i~~CXRA~Ot~Ji~]~CR44?VA~,1A:4Q~9S?~G)L~C- : ~t~f+Y`t~6Yo'~~I~iEB`i~iu?C1feTeliD€~Xl~~aGX~~liKi?E~i~f~fii~t~]i~i~',C~}(~~WCKli~C7~Xb~IC~X~Xi~~Xa18J~G~C]~iiK~i~i~~ ; ~h~nkA~n~mai~xotuxot~ah~mc~ck~godo~manicxchcoxorxmx~samaa~xxo~m:dxxxx.xa.~axxxx x.~xs~cx \ YYtiY`{Y?~~YXYXX:~: C7i..YXX~.'L.~CXX?L1X.Y.~s~i.~i;:~2C~:XXX.Y.Yh: `$3~bi#X~X.l".Y: CX X'CX]i?C?C?~lY'C~![Ali~l~c}t~(~bi~#r?Ci~~;i - 2i~~~R.rt}fb:~IfiCY~Y}:~oXki, thrn this c~eecl ancl the ~~~tate h~•rrbr err:it~Yl sh.~ll cea~e :~nd I~e null and void. A\D 1'HE \tORTGAGORS UO hcrrh~• ctn•enaut anci :1~fEY•: 1. To Exi~• :ill and sin~;ul,~r the I~rinci~~:?1 ancl interest :?nd uther ~~:mc of mune~~ p:i~~;sble b~• ~~irtue of s.~i<1 prur.iis.~~n• uc~t~• ~:ul this mortt;.~~c, ur ~~ither, prumE~ti~• un ti~e ~ia~•s res~xcti~~el~• thr s:u~~r •e•ti~e•r~l1v comr de~c. ~ To pa~• all and sin~ular the ta~es, .issessments, Ievirs, liabilitirs, ubli~atiuns anci incumbr.inces of e~~rrr e~ature an~l ki~id r,~,~~• un s.~id ~l~~,c•ri(~ed pre~i~ert~•_ ar th,it hen•:ifter ~u:i~• bc im~wsril, si~ffered, pl.?cY~cl, Je•~•it•d, e~r :?sse~.sc~cl thereon, or t}?at hemaft~~r ~Y r~~.i~• l~e ]e~~ie~l ~,r assestie~d u~wn this \tort~;~~e, or the indeUtednc•cs .:~c•unYl hcreb~~, c~ach a~id e~•~~n•, ~~~hen duc :ind ~,:~~abl~•. .~lY'Of(~III~ tu l:i~~-, Lefore the~~ lx~c~me ilelinyuent, :tncl ix~fure :u~~• int~•rest attachrs ~ir :u?~• Ix~n,ilh• ic izicurmd; un~l iiLCOfur a~ .~n~• ther~~f is of recurd tFie s~me sh;ill lx• ~~roin~~tk ~.?tisfii~ci ,inci ~Ii,cL.u~~e~1 of r:i~c~rc) .iuci tl~~~ ~~ri~inal ofFicia! dix•ern~er~t (surh ~s, for inst:inc~e, the tax rc~eeipt ~~r the ..cti.factiern i>.ij~•r ~~ffici.~lh• enclt~rsi~cl e~r certiEii~el )~L,~11 br ~~lacrcl in the h;m~lc of s:?ici _ \s.~~ciatinn as ~fort~:~~c~c~ ~~•ithin ten da~~s m~~t after I~.i~~me~nt; :?ncl in the e~~ent that :u~~• there~~f is not ~~:ii~l, satisfie~l and ~lischar~~~ci, ~aicl As:ti~x•i:~ti~~n tu:~~• at :+m• time pu~ tiie ,am~ nr au~• l~art tlu~rcuf ~~il}~uut ~~:ti~•en~ c~r affc•ctin~ .u~~• ~~~~hun, ~ien, e~~uit~• or ri~ht under or b~• ~•irh~e uf this \lortt~.i~.;c, and tlie Cull anu,iu~t c,f ~:icl~ .ini1 e~•rn• :urh t~at•rz~e>nt s}~:~Il Ix' 1tAlpf'(~l:i~f'IY (Iilt~ unil ~a~:~h1c = inct sh:tll be•ar inte•rest frum the ~1ate thc~reof until p.iiil at the~ r:?t~~ st.ite~il in thc• rn~tr ~t~•~imil herrb~~ :ind t+n~~•th~~r ~~ith ~uch int~~r- ~~>t sh.:ll lx• ~trured b~• the lien of this ~turt~~:~~e. ~ - - ~To kecp the buildin};s and ail cyuipmrnt .~n~1 }~craon-rl proExrt~ noM• or iiercafter on said premises co~•ered by this mortgay,e, ~~uurrd in ~ sum cY~ual to at Irast the amount ol thr mortKaKe, ot an :unouut sutfi<irot to comph• Nith anv co-insurance requirr- nirnt co~rrinK thr s.+me uuder the law~s of the ~t.~a• o( Floricla, co~rnuK lo•~ Irom botti fire and storm, making the loss uuder said - Ewii~irs. r.teh ,~nii c~rr~. patabir [o thr :1~sutiativn. .~s ntortKa~;ee. ac its intcnct may a~,Nrar, autt said insurance st?aU t?e in ~~oot1 - and re~spon~iblr iusinancc ~on?pan~ sati~l.utor~ to ~.+id .-~~cociation..u~d Mrittrn L': ;i TCS~~IISII)~f I(xal aKrnt satisfactor}• to said :\sw~ - ciation: auil thc Ex~lii~ or ~x~li~ic~s sh:ill ix•at a tit.~n~l.ir~( mortKaKr il.~utr witl~out contribution, and, i( the oriKinal principa[ a~nowit - of thr morty;.~Kr i~ filt~ "Ch~ui~.~?~d and no IIN~ [iolt~r~ (55U.Op(1.(NI~ ~~t in cxtess thereof, sttall be hrld by tttr associateon. and. in = thr• r~rnt any sun~ of ~~eut+r~ Ik~o~nes p.~tiil~le untier cuch }x~lir}~ or ~~olieirs, the :~ssociation shall t~a~r the option to recrice and applY thc~ ~:imr on account of thr indrbtedncas hereb~ sciw~Y1, or to ~~ermit thr morty;aK~~n to recei~r a~~d uu it, or an~~ F~art themof, tor uthrr E~urpocrs. M~ithout thc~rl» ~vai~iu}; or impairiny; anv ~ti~uit~. 1irn. or riKht under aud b~~ virtue of this mortgaKe. and may , placr a~~d pa~ (ot su~h iusur.lnir. or anq p,~rt thrrrof. witlioue w:~i~ink oc af(ecti~iR its optiori to toreelosr. or at~v riRht hereunder, = .~ui! thr fu!! a~uou?~t o( r.uh :uii! r~rn suih ~~.~~mrnt ~h.~ll tx• inunr~li.~trh ~tur and pa}able and sl~all Ix•ar i~urrest (rom the date _ therrof until paid at the ratr st.ued in the tiotc x~ured herrb~ ar.il t~~rthe•r Nith wch interc~st shall br se~ured by the lien of ehis - \Iorcgage. ~ ~ -1. Tu ix•rn~it, c~~:mn~it, c~r suEfer iiu ~~aett~, imj~.urnu•nt ~~r ~I~•t~~nur,?ti~m t~f ..~i~i ~~r~~~x•rtc, ur .im~ E~.irt thi•rc~~f, :u~d u~rrn = tl~r failurc+ uf the nx~rtt,;.it~urs tu kccj~ thc h~~il~l~n~s ini tiaiil l~r~~E~~•rt~ in ,~K~cl cuncliti~n~ ~,E r~~ir.~ir, thc _~c,ociatiuu mav ci~•~n~nd th~ i~n;~uYii:it~~ re•~xur i~E s.ii~i ~~u~Idiu~~s ur the i~nmr~ii::te rrE~a~~mrnt cif t~u~ c1~•}~t Iil7f'~1\' ~lY'iiftYl, d~iel tl~e~ f.~ili~re~ tlir uiurt~;.~gurs = tn curn~~l~ ~~it~t ~aicl ~)~~rn.in<! of thr :1s~ix~i.~ti~>r~ f~~r .i ~x•ri,xi uE "I~hirt~~ (:311} il;i~s. ,h:~il cunstitut:~ :i hreacli c~f thi~ ~n~~rtt;a~t'. _ .~n<l, at th~• ~~~ti~m oE the ~ss~x iatinn_ immedi:~tf~l~• n~.ihire~ t}tr e~~itin• .un~~unt nf 4xi,~ci~~.~l and intc•n•ct here•h~• secureYl, and the ' 1~~~K•i.~ti~m, innnecliatel~' and ~~~ith<~ut nutice, mav inslitutP ~inx•~~r~lin~,. t~~ fnrc•cl~~se~ thic murt~a~,i~ :~rni .~~~~~I~• f~~r tii~ a~~~x~iutment =3 ~if a Rt~cc~i~~rr, :~c hcreinaft~~r iin,~•ic1r~~. _ i. 'I~his m~rrt~a~e ~•~~ntr:u~t ~~m~•icleti firc .u{~liti~~i~.il :?elr: n~~•, ~~[~~cli ~u.~~' Ix ma~ii• .?t ti~~• uE,ti~m ~~f t1~e .~~s~x•i.itiun an~) ~ecur~~c! bv this nivrt~a~c~, ancl it is a~rc~c~ci that in the r•tent <~t +uc•h .uIr.i~itrs the a:nuunt ?n.iv Ix• .i~l~leil to tlir m~~rt~;a.~e clebt ~ ,~rnl ~hall incre~,?se thc• un~~ai~: balaucr uf the nute herrb~- cerureil lro th~• a~nuunt uf such .?al~•unce :?nd sh:,ll t~e a~.~rt uf s:ii~l _ :u~t~ is~clebtc~ln~•.~ iiueler .ill thc• tern~s ~,f s.ii~i notc• ancl t}iis contrart ;:s fulh• at if .i ne~~~ such n~~te~ :~nd cuntr.irt ~~e•rr exrciilc~l - .~n~l ~ieli~c~retl. :1n .u3~litiou.+l :ul~-arice a~rre~in~~nt tn.~~ i~t• ~i~•~~n att~i accepte~i (nr su~h aclt•ance aa~d E~rri~isiun rn.~~ }k• rn.~cle~ fur <t~ff~•r~•nt rnunthl~• ~~.~~mrntc ,:n~! a<lif(rrrnt inte~rest r.~te~ ;~;~~1 othe~r r~j~r~ss ma3ific,~tiuns ~f the cuntr.~c;, hut in .ill ~~th~•r re.l~Yts ihi+ c~ultrict ~h.ill rcin.~in in full furcr an~l rffcK•t :i~ tu c.iitl inclt~t~ti•clnccc. incluiliut; al) acl~~ance~_ 6. If .~n~• c~F the sunts uf muney herein refemd to be nut ~xum~~tlc ancl f~llh~ ~~ie1 ~sithin "fhirh- ~:31?~ elati-s ?u•~t aft~•r the• same se~e~r.~lh: ~~,me cli~e :~nrl ~ki~•.ible~, nr if each and e~•en• tht• ~ti~~uL~ti~~u., :i,rc~~rne•+it, cnnclrtiunc, .uul co~•e•n.~nts ~~f s.~iil ~~n~missun' n~~t~~ ~n~l this ~lecYl, vr either, are not dulv ~~rforrnrel, c~~inE~lieYi ~~itf~ ancl ai~icfed h~~, the a,~m~ate sum mentioneci m c,~id ~run?i.,t~rv uutr :?uci an~• ~ithcr arnuunt or amou~~tc adclFC1 tc~ thr rn~~rt~;?t;e~ iriclebt~dnrss u~tder the te•nn. o[ thic m~>rt~.~~i• shal) fx•ann~ clue~ .,nd p:i~ ~blt• f~,rth~s-ith ar thcreaftc•r ~t the ~~pti~~n ~~f the Atiso:~i.ihnT~, as fullt• and c~~rn~~le~tel~~ :is iF ,.iid a~~~rr;;atr ~um ~if mr~n<~~• ~~,~c i~ri~;in.{Il~• stipulated M i~e ~~aid on such d:~~~. an~•tl~in~ in c:?id ~rom~~tiun• n~~t~ ur '1Pif'III t~~ th~ c~~ntr.?n~ n~~t ~?if}utau~lin~;. Tu deli~rr to thc• .~s.~K~iati~m, un <~r ln~fure ~I.~r~~h l.ith, uf rach ~~~.~r. t.ix re~•ri~ts rvicle!~cin~ the Eu~'inrnt .~11 1,~~~- _ fi~lh~ i~n~r»~•cl t.~xi~. f~~r tlie ~~rrY~~~1in~ c.~lrn~(.~r vF~ar, tn ~Irl~~t•r to thr :~stiiKiati~m rrcciE~h ~•~~~Ic•nrink th~~ Exi~-tnent oE :ill liens fur publie imiuo~~e~nents ~cithin ninetv (91?Y da~•s afte~r the same shall txYY~m~• clue~ an~l ~~:~vahle~_ an~l tn ~x~v or disehart;e within ; nint•tv (SX)) da~~s after du~~ d.,te, an~• .~nd .~11 ~u~•<~nuti~nt.+l le~~ies that mae be ~nacle~ ~m thr murt~_.~ti~Yl p~~~~x~rt~•, ~m thic rrn~~t~.u~~. ' ~~r nnt~, ~~r in a+i~• nthrr t+.n• r~•~nltin~ frnm th~~ rnurtt;a(;~ incl~btr~lnr~s ~:Y•iu~•~l lr~ this trn~rtc;.~Lr. ~ ' ~ - zcR~ 1~ r~bGf ~(14