HomeMy WebLinkAbout2306 ~t all tin~rs Ix•.tc~~aUh' :tnd ~~uie•tla tu cu!er u~w~?. h~~l~l, cKru~~v .u~~I riyuv ..u~i L~u~l, th:it ~.~id I.iu~i ~s t~~•.• f~un? .~II c•~~rcintl~raur~•s.
tL.~t t!?ey ~rill m:~ke su~h further a~uranec~s to perfect the fee simple htle to s.ii~l l.?nd in the :~..~x~i.itiu~i ~n.?~• re•.~.uu.~!>l~• lK~
~~~j+iirrd~ and tleat t}~ey do liereby fully «•arrant the title to sai~l I.~u~l :~n~l ~~ill d~•f~•~~~f tl~r ,.un~• .~~~.?iu,1 th~• I.~..[ul ~Lu~n. ~~f
JI ~x•rti~~ns ~~hutnsix~vc~.
Y?~O1'll)I:U A1.~1':~l'S th.it if thr \1utt~.i~ur. ~?i.~ll ~~c•ll :u~~l in~h• ~~a~• uutu tl~e• .\.•~Ki.~tiut~, thi• in~i~•ht~~~in~•.~ i•~icl~•i~~•r~l
1~~• th:?t c~t~rt:?in ~xuntusor)' note, uf c~•en date herc~~ith, made bv th~• \lurtk.t~ur~ ati~l (~.i~.~hlr t~~ thr :l~~~KLitiuu, in thf~ ~iti~u~~r.~)
.um oi TVV~NTY-FOUR THOUSAND AND NO/100ths--------------- ~5 24, 000.00
~~hii~h nut~~, tu~+i~thcr ~~~ith i~~trr~~st t~ier:v~n thc~rriii s~x•c?firil, is ~~c~~.~l~ii~ in ~~~~~„thh• i~~.t.?il~n~•ncx ~iF ONE HUNDRED
NINr:TY-SEVEN AND 03/100ths-------------------------------------------------
ih~ll.~r ~s 197. Q3 1.
che 27th d:~}• oE ruch t~~o~~ch ~.~~~~~n~•~~~~~~~, ..;ch November 27, 1971 H~hi~~h ~~:?~«~e~~c.
.~re to ~x applic~ci, first to interest, and the~ balaniti~ to prine~p,?l, uutil ~:iid in~lebtecLiess is ~~:iid in Eull, and shall perform, eomply
~+ith :?ud abide bv r.?ch and every the stipul:itions, ;?~reeine•~itc, cY~nclitiuns a~id ~v~rc•i~.u~ts uf ~aid E~roinuwn- nute a„d tliis
mort~:?~e, And, including an~~ ad~~ancc~s made b~• tl?e Assuciati~m to the \fort~;u~urs, or tlx•i~ suc~cr~,a~r. in tidr, ~fu~ ant• piirpcist•.
.it am~ time tx~fore the relr.~u• and cun~~c~llatiun ~~~f thi. m~~rt~:+!~e. hut at no time sh.+ll this ~nurtfiagr sec•urr ach•ances on amiunt
~ „f ..~i~l nri~~inal nute tu~ethc~r aith ~uch a~ldit~u~~.~l .ul~~:~nc~~s in .i ~u~n in exccss of'rVVENTY-FOUR TEiOUSAND
AND NO/100ths-------------------------- lh~ll.~rs {g 24~ 000. 00 ~~li~.c :?i?v ad~~:uuti~s ncress:~n~
E~rotect the ~~Y•uritv auil costs, thrn this d~r~l and the estate h~~mbt• crr.~teKl ~h.~ll ce:u~ and l~e null :u?d ~~~~id. ~
A\ll 7'1iE \{ORTGACORS DO }trreb~• e.~venaut an~l :~~rt•~•:
t "
; l. To ~u}• all ::nd sin~n~lar the prinei~~al auc) interest :~ncl utlu•r setn~. ~f mr~nev p:i~~able b~• ~•irtue of ~uicl ~iri~r.iiss~~n,~ note•
~ ~n<1 this rnort~ase, ur c•ither, I>rum~~th• vn the d;~~•s res~x~cti~•eh• the SaII1P .e~•er.illv co~nt~ due.
~ ~ ' .
To pay aH and siiigular the taxcs, assissments, le~•ies, liabiliti:s, obli~atiuns ami inrumbr.u~c~y of cven• nature and kind
`r ,~:~u~ c.iiel d~~srrilx~d pmpert.-, ~x ti~at }~err:tfte~r nl:~v 1~e im~~secl, .u[[ered, E~I.icixl, ]t~vie~l, or .~s,e.sc~e] therec,n, or th.it hen•afte~r
ni.i~• Ue lr~it~cl ur assra~~Yl u~wn this ~tort~:~ne, or the indebtecine;s s~~cun~l hereU~•. rach aue[ e~~rrv, ~~•hen dur an~i Iu~~.ibte.
_ ,~conliu~; to l.?~~•, lx•fore the~' lx~curn~• ~irlin~~urnt, .~n~t lxf~sre au~• i~Etc•n•st 1«:tCllC.C or an~~ Ex•nalh• is incurrrd; .ij2d iiu~~far :u
_ ther~~f is of rcYUni the same sh:sl~ tK~ fxum~~tlv s.?tisfie~cl an~l iluch:u~~t~l of r.iv~rcl und the ori~inal official dcx•umrnt (siich
is, for i~r.'tancr, thc t:ix rc•cci~~t ur thr ~.~titif:ictiun j>:ij~cr offici:~ll~• endursr~i ur ccrtiFicYl} .h,ill 1~c ~il:icrtl in t}?c hands of s.~ici
- .1su~ciatinn :~s \1~~rt~i~~~~c ~~~ithin ten cla~~s n~~~t a[trr Pa~~me~nt; atul in thr e~~•nt that anv thenti~f is nut paid, s:ttisfied ancl discharfieYl,
~aid As>~x•i:itiun nri~• at anv time F~:t~ ti~i• ,.u;ie ~r a~i~• l~art tl~c•rr~~f uit~~r+ut ~c:ti~•iu~ <rr a(fe~e~tinG .~nv c~E~tion, lien, e~~uih• ~~r ri~ht
- a~ndrr or f~~• t•irtue of this \lortt;.i~c, aud tiir full ainu~si~t of ~•:ich an~l e~•en~ such !~:?~-mi•nt ~hall Ix• inun~•~li:?tch• dur and [k?~:?hle
.ir?cl shall lxar interest frum tl~e ~iate thereof unti! ~,aid :it the~ r.zte st.?t~•~l in tlu• rn,tr se~c•i~re~l I~t•re~l\ .111t~ f~1~~fIIiE~r ~cith ~iic•h int~•r-
~~st sh.ill 1H~ ccY~ured b~• the lien uf this \iurt~~a~e. ~ ,
3. Tu keep thr buildinqs and all ryuipment an~! ~,ersonal proE~rrty now or herea(ter on said premixs co~•cred by this mortRaRe,
u~sutcYl in a sum (Y'UJI to at Irast the amount o( tfir mortKaKr, or an atuuunt su([i~irnt to compl~ with any co-insurance rctjuete-
mrnt co~cnnR thr sartre undrr the' IdN'S OI thr 5t~tr of Floricla, co~rrenK lo~. trom bott~ fire and stonn, makinR ehe loss uuder said
:a Fx~liiit~c. raih .~nd r~~ery. E~a~ablr to the Assoeiation. ,~s u?ortKaxrr. aa its intrrest ma}• aNpeat, aud said insurence shall be iu a~ood
and rrs~wnsible ensurancr comF~.~m s.~ti~[a~tur~ tu ..?i~! :lesociateon. .~n<t hrittrn 6v a rrsponsible laal aRrnt satistactory to s?id .-1sso-
~iation: and thr ~~lii~ or ~~liiic~s shall t~cat .i st.~n~l.~td mortK..yr ~iautir N~tt~out contributiou, anct. if the oriKi~~al princi~~al amount
> uf thr mortK.~kc• ~s Fift~ 1 hous:end and no f~M? !)~~11ers (SSO.IMNLINI~ ~n excess therrof, shall be hcld b~ tt?e Association, and, in
~ thr e~cut am sum of mvne~ becomrs E»~ef,lr un~ter xuih Ewlicv or ~,ufieu-~. ehc~ associaeion shall have the option to recri~~e and apply
thr s:,mr o~~ zccount ot thr indebte.inrss hereb~ ~t'IURYI. O~ to Fxrtnit th~~ mort~aKon to recei~e and usr it. or anv part thereof, fot
uthrr ~?urEwses. w~ithout therrln M~aninK or i~nE,a~riny; .~m ryuit~. tirn. or riKt~t under and l,~~ ~irtur o( this mortga~e. and may
~~lace:++~d p.~s (or suih insuraiur. or an~ p.~rr thrrc-ol. N•iehoue hai~ing or ,~(trctinR its option to (oreclcnr. or anv riqht hemunder,
ind thr full a~uount of each and r~rr~ ,ueh v.+~ment ahell tx inunrdi.uch due and E~ayable and shall 1?ear intrrrst (rom the date
_ thrrrof uutil paid at thr ratr st.+ted in thr ~wte +e~ured hrrc•b~ and to};ethcr with such interest shaU be secureci by the iien oi this
\tortgage. .
Tu ~xrisiit, crmmit, nr suffrr no ~~~.?stc, unE~ainnrnt nt <1~•t~~nur.~ti~~n uf s,u~l j~ru~x~rt~, ur .~m• ~~.irt thcreuf, ancl u~xm
_ the failure+ i~( the ~nurt~;.~~urs t~~ kec~i ihr hui1~lii~~s un ..ii~l ~~ry~Escrh- in ~~Kxt c~~r~cliti~+t~ e~f rc~~~.tir. !he• :1s.~~iahu~~ mav de•inanJ the•
=a ~r~~rnt-el~.~tr rc~xiir of suid bu;lelin~s or thr~ iium~•di.ite re~ia~-ment uf th~• ~lf•ht I~e•rri~~ ~e~cun~1, .i~:~l thr f.ulure uf thi• ~uurty;agors
: tu c~~mjih ~~~ith s.~i~l il~•man~i of t1u~ :~s,~K•i.iti~~~i f~~r ~x•ri~Kl ~~f "I~hirt~- t~30~ ~l.~~s, ,h.~ll c~,u;titui~• hr~~.~ch uf thi: m~~rt~at;c,
and, at th~ n~ti~m of the Asu?c•iati~~n, imm~~li,~t~l~~ m:~hu~~ th~~ i~~itire• :inwunt ~~f princir,,l .~nc~ i~ite•tr~t hereh~- scti ;~rrd, and the
~s.ciei.~tiun, immt~cli.~teh' ancl ..ith~~ut n~ftiec~, m:n• in~ttt~~tP pmc•~~<~~I~n~~~ tn F~>rcrlus~~ t}eic n~i~rt~.i~e~ :~nrl :~~>~~1~• f~~r t}~e~ :ip~~intment
j' nf a R~~e~ri~ cr, :~s hc~r~in~k~~r j,r~n~uleYl. ~
:i. 7-his mort~a~e contr.~ct [~m~icfe~ti for .:ilclit~e,n.~~ ailvai~cr~ ~tiliii~h tn.?~~ 1?e nia~le• at t1~e• u~~t~un uf t6e .t.s~xi.~tion .tnd
- cecur~~d bv thie mnrt~ag~, atui it is a~reeci that u~ thN e~rnt of cuch aci~.~ners the amouiit m:iv lx .i~lde~l t~~ th~~ mortKa~e drbt
- .~n~l shull inere.ise the iu,I,.iic. balance of the note hereh~• see~:red b~~ ihe~ amount uf sucl~ :ui~~.iuce anil ah.~ll l~ :i ~~.~rt of sai~l
= n~~te indebtc~ln~•s~ unele•r a1I tt~e terms ~~f s.iid nute ;~T«i thi. c~ntr~et ::s iull~• as if a nr~a• snch n<~t<~ .?nd cuntr.+ct .~~•re exEY•utr~c!
.~ncl ~leli~~rrcd. Art .ul~litio~i.i) :icl~•a~?c~~ *rcc~rnrvit nr.~i• la~
~ ~i?~•n autl accel~tetl f~~r such acl~•ance :+nci pru~~isiun ~n:?~ lx~ rn.icle fnr
~i?fferrnt monthl~• ~~.~~menth .:r~~l a differe~nt inte•rest r.~te~ an~l othe~r r~~xess m~xiifuvtie~ns ~f the c~mfr.u•;, but in .~ll ~~ther retiExYtc
- ~hi: cnnU:irt tih.~ll rc~n~.~in in f~ill fnrcr ~nd ~•[fc~c-t as t~~ ti,~ici inclc~btc•dncst, inciudin~ all ach~ancrs.
6. If auv c~f the sums uf mune~• herein referred to t~c~ nut prom~~th• anc{ fulh~ ~.~i~l ~cithin 'l~hirt~~ ;:31~~ ~la~s ?z~•~t aR~•r
t6~~ same se~•er:~lh• e~,me ct~~e :incl p;?cable~, ur if each antl et•en• thF sti~~iil.~tini~., .?•,nY~me•nt, cun~iihu~is, anci ~•u~•e~n:~nts ~~f s.,i~t
~~mmiss~~n• n~~te~ ;?n~t tfiis clc~~, c~r eit}~er, :are not dulv ~rformrcl, cr~~nE~tieci ~~it?t ;i~rcl ,il~ided b~•, !he ac;grE~ate sum menticmecl
- in s.~id ~rumis.~~n• iiute .iuil am• ~ther amuu~it or amc~uuts addtYi to the• mortt~.i~e incirbteclness undc•r the tenn, of thic morts;age
shall bccome dut~ .~nd i~.~v ibl~~ k,rth«-ith or thereafter at the oPti~~n uE the Asu~ciatiun, as fulh• and cnrnE~letel~• .~s if :aid a~~m~;.~ti•
_ sum of mune~• ~.ac ori~in.ilh• stipulated t~ be ~~aid on such da~•. am-thm~ in saic~ ~~rom~sson~~n~~te ~~r he•rrin t~~ t~~~ cti~ntr.~n n~~t I
- ~~•~thstandin~. ~ ~
_ i
_ To dele~r; to thr .~s.~,ciatiun, un ur lxd~ire ~t.~rch [Sth, ~~f ~•.ich ~r,~r, tai rcti~eirts r~~iclencin~~ tt~e j~a~Tnent uf .~Il l.iu-
F~rllv irn (wu~ci t.?sc~s for the• ~~r~~c•r<lrr~~ c.~!<•nrl.er ve>.~r, <le•lirer to th~~ :1~s~x~iabu~~ rtY~<~ii~ts ~•~•idencink ~th~ ~ra~Tnent of :?U liens
fur public imj~ro~~rments Nithin ninetv ~51111 da~•s after the same shall 1?rcv~me dur and Pacable, vxl to p:~~- or dischar~e within
ninetv {901 da~•c :?fter dur d:~te, am• and ;?11 t;u~rm?nental le~•i~~ that ma~• t~e rn:u3~~ ~m the mvrt~*aga~cl pruExrtv, ~m tF~ic m~~rtt;a,~• -
- n~~t~, ~~r in .~n~• ~,the•r ~+:~v n~~i?itin~ fr~~m the ~u~~rt~;a~e• indel~tedr~~;t ,e~c•uce•~~ h~ tFiis mc~rtKeGr~. ~
= ~~RK 196 ~~~2~~