HomeMy WebLinkAbout2014 , 1 ~ ••'~,1 • "t
i'NO~'!l)F:l), AI.R'A1'ti, that if thr 11ur1K~~uw ~u1~1 p:~y ~?nln ~thr ~l~.r~F.~~~~~ th~• imlrbt~•dnr•+ r.i~lrncc~l by a
ce~taiu psomiuory nule of which tl~e [ollowmg in wor~ls a~~d fi~;un~ ie a t~ue cup~.tu•wit:
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~Q(t VA~UE RECEIVED the undeitipned D~omites to por to the ordcr of nR • S Tnr1PY Rl1CIlLIPI -
- _ the printipo) tum of ' ~
, ; ~'•~,i EN TfIOtJ,~,`+~Dji~ ~TY I1iTTI??RP:~ = i
-,~,~t~..s T~( ~ t~ ! i1~1 Do!i~» S- 1 r~ '~~7 - 1. togethc? ~+ith (ntcresf the~con from doto et tho rate of
~~='-n Y 1~ _ p c rc c n~. p e r ~nrn~m ~„t;i maluri t y, Eosh pr~ncipal ond intcrest ~oing poyablo in lor.lul nooey of 1he United Stutes, o? iti
~~U~~oi_~r o~ nQ~ N~xth Fec1~_r_ a l. _ tliRhc•~z_y. II~ l anc
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c~i~ principnt sum end in!erest to bo poyoble on the dote~ oe+d fn the omounts o+ ~pecificd belo~+, ro-w;t: Prinei~zl p~yahle lIl
~•^~~en (7) consecttti~~e ~nnual ~n~tallm~nt:~ toc~ether r~ith zntere~:t ~n impaid Y~al-
,,:?,r.e. mhe fir~t pr~.nc:in~t pa_ymen` in ~he :~moiint ~f ~?.,?.3~.1_0 Pl.tl ~ inter~st shall
du~ anc~ pay~ bl.e on !~?Zrr.h J.5~ 1975 ~n~l a 1_ike sum pl.us intere~t sh~ll he paid on
~~ch t~laxch 15'~h t~ier.eattcr t~r tl~~ fol_l~c•~inq three (3 ) yezr. s: the nrincipal s~.~m t~
S?~?.3£3.0~ p~_tts inte.rc~:~t sf?all l~e nai~l on ria~cli 15, ].979 ~n~1 ~ lil:e stlm plus ~
=-,':erest shall_ be ~~icl on e~ch t•larch 15t11 thezeafter ~or t.he falloc•~ing tc•~o (2) h~
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r7ote r.tay be ~rep~ic~ in c•~hole ~r in part at ~ny tim~ caithrnit Penalty~
Such ~r.sta~~men: ~+~}•ments shnlt ~e ~ppl.e~ t~rst to tfir mtere•.t ~ccru~^~ ~~r;/~r t!:e term~ of th~~ r.:~•~, on,! t~ o rcA•~etion of the : i
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-~~01 ir,~chtcdncst. ~ ~ R
•s nrc~•erv ~~~d etch of
...r, mtker erii ~r.1c'~^r ~e.er.~~ty wa~.~e~ Aema^~. P.or~~• n^~1 : 1 ,-.~•:,..•v ~.a~,:,.e^~ o• n'.~'~.• s^'` ^ .
r.b!e rs ~*~~e~s en 1 er:.f.~~ve~s E
~ h.na•a .f r.~:~••,~,.., .n:~vA••y -raio..•h~w a•r:.•n~y'• ~rH r._r ~.•r,..~.-! nl r~:!~ o~ tny
r,.h mate• en~ ecdere±+ •7+ecs. i,~-nrly an9 se~e~n iy. (~+v n - ; ~
t}:+ P':raPil o. arY ~r.•e~est tT~re~~~ n rnt P~~~.1 a• t1. . .Je ..,a.~•,ry ' ~~~~1 . ra.~ ~.r.:.~.? •e:n~a~v c~.~ne.r y. . ~errt, vJ.e'fitr 7.t M
~ or roe a1 c:c'! es f`~~mrnt ot r.•earrev~% ~r.s rrn-at. y
. , f ra'e r.f-- l_~n p~• ~rnr pr• n-,n,.m }.om r+eru.,.~ ~ i.~ ,1
~s r.ate er.d defc~red '+ote•rtt paymen•f s~a•~ b~+~r in•r.e~t at t e -
IT'inl? E :1/
1^ ~ P r..n:~ a~~: o~ e.rn d~•e te•ew~+!+ a~d n to M co^t••.~d •c~t enfo~ceA e:cu•d~r~ ~o •~.e la.vs nf tF.e ;~sH of F!orid~;
'1;~ p0!Q secv~ed h~ s~U_Ct c'iS-- - ~ u~w~d aAail for+hw~th b~corM
. rfaul~ ~n ~F. paymerr o! C'~rc~pe' e~~j c~ nrces! C e o^ ro•e aec.:•e9 hv tsd r..o•tilag•, a~~ e~~a~~ny to eecund end re:r.a~n:nq
..y pey~h'e rtota~:Fstandir..7 ,`e~• leno•. ct th• c?'6r.o n~ t~e I.o~ia•
A PT:L;RLE IiILI, T3iIILDIN(~ CORI'ORIITION ~
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and shail per[orm, compl~ with and abide b~~ each ~nd evtry ihe ~tipulatione, agreeraent~, conditions and covenants o(
eaid promissor~ note anJ of this deed, then thie deed and ihe eetate thereby created ~h~ll cease and be null and void.
1. The ~1ortRagor hereb~• covenants anJ agreee:
To p~r •Il •nd sin6ul~r the princip~i and iotereu ¦nd o~her sums of money p~)~ble I~y ~ir~ut of wid promi~sory ~ote ¦nd thi• ~
deed, or either, promptly un the d~ys ~espeHi~~ely ~hr ~ame Eeverally becomt~ due.
Ibl To pcrmi~, commit or sulEer no Nr~te aud to m~inuin lhe improvement~ ~t all times in ~ stuc u( Rood rep~ir ~sd eoadition; ~nd
to do or permit to be rion~ to ~aid prcmi~c~ nuthinF that will aher or ehanEe the u~e ~nd eh~racter of a~id propertr ~r in •ny w~7
impair ur weaken the sccuri~y uf ~his mortda6e. And in ~ue e( tLe rt~uwl~ neEleet or in~bilily u( the ~lort6a6or to rep~ir and m~i~uin
a~id proptrty, the ~1ort6a~tee m~y. ~t his optiun. m~kt sue6 repair~ or c~u~e the ~~me to bc in~de, and ~dv~n~e moners in th~t beFulf.
Ic! Tu pay ¦11 ind sinFulrr the t+~es. r~seK~neots. levie~. li~bilitie~, and oblisatioeu of e~ery ~ature un ~aid Jescribed pruperty taeh }
aed every ..hen due and p~y~ble ~ccordinE to law. be(ore thty become d~linquent. ~nd t~ deliver to the \lort~a~ee on or before M~reh i
lSth of e~rh ye~r t~x receip~s evidencinr the p~yn~rnt ut all I~Miully imposed uxes ~or the pre~edin6 cdendar ye~r; to indannif~ ihe '
riort`atee upon hi• demand for all u:e~. awewmrnts ~nd ch~rE~ ~hat m~y !x ~ue~sed upun this mort6a~e on the inJebtedne+s seeured :
herebr. ~nd p~id by the mur~sa`et. ~ithout reprJ tu a~y I~w heret~~fure enacted or here~ft~r to be enacted i~npoting p~rment of tht ;
whole or ~ny part thereot opon the ylort6s~cee.
(d1 To p~r all ~nd ~in~ut~r tht eu~u, ch~r`e~ ~ud e:penses. indudioE I~~vTen' (ees and al,unct cwtc re~~on~bly incurred or p~id ~t '
an~ time b~ the dortp~ee because ut thc t~ilure on thr p~n ef fhe NortsaRor to perfom~. complr wi~h •nd ~bide by e~eh ~nd every
the ~tipul~tiom. ~~reemeau, conditiun~ ¦nd cu~en~nt• u( taid prumieeury note ~nd this deed. or eithcr. ~nd everr ~ueh p~rmcnt sh~ll
be~r interat (rom date ~t the nte uf
Iel It i~ furlher eovenanted •nd rEreed Ly wid partie~ ~hat in ~I~e e.ent o( • ~uic'beia6 instituted tu fureclu~t thi~ morts~`e~ ~he :Kort-
p~ee shdl be entitled to ~pplr st ¦ny tiine pendina such (oreclo~ure suit ~u tl~e court h~via6 juritJic~iun el~ereof (or the ~ppointment
o! • receiver ot ~11 ~nd tin6ul~r tht murtg~sed property. ~nd oi d) ren~ti incumea, probu~ is~ua and revenun thereot, Irom ~+balsoever ;
~ouree derived; ~nd thereupon it i~ hcreby expreaaly cor•en~nted ~nd ~greed t6~t ~he Court ~hal) forthwith appoint ~uth tteeiver r+ith
the u~ud p~r+en ~nd duties oi rrcei.ers in {ike c~se~; ~nd wiJ appointinent ~Full bt m~de b~ the court u~ m~tter of uri~t risbt tu
the ~1ort6~Ree. •nd without reference tu the •deyu~cr ur inadequ~~r u( th~ ~rlue of the property hercby mort~sRed. or to the ~olvency
or inwlvener of the ~IortE~`on or •nr uther p~rty defend~nl tu ~u~h ~u~t.•'Tht Non~~6or hereby 6Ptrl~Ifil~] w~ive• the ri~ht ~u
object to the ~ppointment uf a recei.c~ .~E •fure~aid ~nd h~reby ~xprradr eon~ents th~t ~uch s~ppuin~u~ent ah~ll be m~Je ~n ad~nitted
equitr and u a m~tter of ab~olute ri~ht to the Nort6s6et ~nd tl~t thc same may be dont withou~ noti~e to the Nort~`or.
(f) If fore~lowre pru~eedinFs shuuld !x instituted apinst the ptuperty cu«reJ hy this mort6sRe upun any other lien or elaim whether
alle~ed to be wperior ur juniu~ tu the litn o( this ~nunR~6t, thr ~torlEr~ce may rt his op~ion immedi~tel~ upon im~itution o( ~u~h
~uit or Jurin` Ihe pendency thrreuf deel~rt this mur16~6t ~~d tlx imlebtedn~ss ~~cureJ hereby due •nd p~~~ble (onhw~th and mar ~t
iU oplion proceed to for~~lo~~ thic mortF~F~•
1`1 1'lut the Nort~a6or will 4eep sl! r~al •nd penonal property noN or h~rralter ~n~umb~red by th~ lien uf thi~ murt~Re in~ured
~a ~nay be required frum time tu tuue ky thr NonEaftt ~6ainst I.~cs t.y fire. Mind~turu~ •nd othtr h~rarJe, ~aw~l~its anJ ~•ontinEen~i~~
~ for anch period~ and tor uut IetE ~hsn w~h •mounts as ma~ tre r~quired b~ th~ ~lortpRee and Io p~r prompdy when Ju~ •II premium•
~ (or iu~h in~uran~e. Thc •muunu u( in~urrnre r~quired br ~h~ NolIRaF~r shall Le th~ m~n~n?un: au~ounts fur wl~i~h Esid in~ur~n~e ah~ll
~ Le w~ritten •nd i~ ~h~ll be in~ wnL~nt upun the Nor~pEor to mainuin ~u~h aJdiei~~n~l inFUnn~~ as mr~ Le n~~~eeary ~o m~~t anJ ~omp1Y
fullr with •11 eainaur~n~r requ~rement, ~ont~ined in wid polieiu to ~h~ enJ that the said tilortf~Ror iE not s ~o•~n~urnr ther~under.
~ Imunn~e sha11 b~ writ~en by ~~~~n~p~n~ or .~umprni~~ appro~ed ur d~siFn+~ted by Ih~ lfortRaRet and all puli~ies •nd renewds thertot
~h~ll be~ held Lr the ~1or~Ra~ee. All deuiled d~siRnationf by tlx Mor~~aFur ..hi~h ar~ accepted by t6~ NortR~Ret and ~Il sRr~emenu p
~ betwetn MortR~Ror and 1~ortRaRt~ relati~i to insunn~e, noK exi•u~iR .~r h~r~af~er msde, shall be in writinR •ad ~hall be • p~rt of thi•
mortR~Re aRr~ement u fully ss ~huuRh set ~ortb ~~erba~im he~tin md slull Rovtrn both p~ni~a hcrt~o snd Iheir eut~~EFOrb •nd aaiFoE.
~ No lien upon ~nr o( s~i~l puli~i~F u( inwnn~~ or upon ~nr refund ur r~Wrn pr~mium .chi~h m~y be p•nble un tht ~~n~~llation •r
termin~t~un thereof. sh~ll 1.~ Ri~en to o~her than ~I~e ~lortpRea ~~r~p~ by Qroprr ~ndursein.nt dfixsd 10 •uth poli~y and •pprov~J hf
NonR.~«. E:.~h Pot~cr of insnr~n~e shall hut alfix~d 16~rttu s:Nandatd r~+. 1'ntl. NorlRrRe~ 1'laust will~oul CoMribWino, mak~nF
- •11 loa or los~es under ~u~h poli~y p.y~bl~ ~o ~h~ ;1ortRa~et aE it• inl~nsl mY~ ~ppr~r. in th~ tvrnt •nr ~um ur ~um~ of mon~y br~om~
p~r~hlr th~r~und~r ~he ~Ior~RaRr~ ~hrll luce 1he option to r~~tivr and ~pply the ~~m~ on a~~oun~ n( th~ indebteJnt~e hertA) e~~ured,
or Iu prrmit Ihe :NortpRo~ to recci~~~ •nd use it. or ~nr part t1~tt~o1, wrilhout tt~~rebr w~i.inR or imp~~rinR •nr ~quitr, li~n, or riR1~1
under and br vir~u~ of thi~ mor/R~K~. In evenl o( low or phytiiral d~~nrRe to Ih~ mortRaRrd propertY Ihe MortR~Ror ~h~ll F~v~ ~mme-
- di~te nntice thercof by m~il to the NonRsRee •nd the NortpRre ma~ makr proo( o( low if th~ wm~ i• not m~rk promplly by ~he
NurtRa~ur. In even~ of fure~lowrt ut thia mortR~Re or other tr~n~fer u( ti11e to 1he morlR~Red prop~rly ~n extinRui~hm~M of ~h~ ind~bt-
ednee~ ~ecured herel~y~ •11 riR}?l. title •nd inter~~t of !he 111on~t~R~r in ~nd to •n~ insur~nct policie~ thtn in (or~e ~h~l! p~~a to tbc.
purehaar or `rantee-
lbl To perform. eomplr ~+ith ~nd ~bide b~ e~ch •nd every the ~tipoluiom~ •{reement~. eoadiliom ~nd covewnu is uid promiwor~
i npte ~nd in thi~ deed ~et torth.
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