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HomeMy WebLinkAbout0707 TO HAYE A[`D Tn Hnl.D th~ ~Ixiv~ d~scril~l pmp~rt~~ ~~~to t:~~ ~I~1ft~;1~M E11fP~•~•r. Thc Alo~t~a};~?n c~mh~• c~~v~•n:~nts ~~~ith th~• '~1<~r1};a~iy tl~at tl?~• l~lurl~:~~ur ic in~l~dr:icihh• «•i~~vl ~vith tl~~~ ahs~~lutc an~l (e•i• simpl~• till~ to ~:u~l ~iru~~i•~h•. :iud hc~s (ull ~w~v~•r a~~~l I:?~~•(ul a~~thutit~' tn s~•11. c~~ii~~~•y. tr.~u~~i•~ :~iul in~~il~:~~~• Ih~• sa~u~•; that it sh;?11 (x~ la~~•ful :U aii~• li~m~ h~•n•:?It~•~ ~x•:~c~~al~l~• ~u~d ~~~ii~•th• t~? ~•nt~•r u~,uu. }r.~vr. I~ol~l. a~~~l ~~nj~~y s:?i~l pn~- ~~rtv, and t•~rn' ~~:trt thi•rtti~~: that •:~id pmpe•rt~• is fn•e an~l clicchar~;eY1 (n~~n :~II (i~•~~s. ~•ii~•ii~nhr.~~ic~•s, an~l c•laiin~ au~• ~ind. indudiufi tan~•s and a~si'.auent~ ~•xr~•pl as hen•in ni?te~l. :?n~l that thi• ~t~~~t~;:~~;~~r h~•r~•1~~' (~~Ih• ~~•arr.~~ds ~n~to th~• ~io~tgagee the title to said pruperty a::z3 «i!! defend ttje same a};ainst the la~rtul claims an~l d~~man~s of all persons whomscevct. PROVIDED r~t.~~'AYS, and th~se presents are on these ~xpresc rnnditious, thal ~ch~ re•ac th~ 1~1urt~aRor ic in~kht~•d to d~e Mortgagce by ~~irtue o( a n•rtaiu promissory Notc, of Pven dat~ h~~~•~+•itli, ma~lc h}• th~• \t~rt~aR~,r and pa~al~le to the onler oE the ~1~rt~;agcc i~~ the princiNal sum of T~euty _.Four_ Thousand Four_ Huadred --($24,4Q4~- ------------------------------------------pe1~1n, with interest thermn all pa~•a61~ as prm~idcd in ~ai~l Note. in la~vful mon~~• ~?f the• l~nitcd St~tes af America.- NU~Y, TflFliFl~OKE, if th~ ~I~?rt};at;or chall h~ll~• pay slid I~utc. ~?r aoy c~xte~u~ir~~~s ~~r r~?~~~•alc th~~rcY>f and sLall full~. p~v all ~the~ in~lebteclnesc or liabilih~ that may I~eanne due~ and o~~•int; h~•r~•un~l~r a~~d xeY•urcYl I~i•n•{»•. a~?d shall (:?ilh- fi~lly and promptly rnmpl~• ~~•itl~ ancl ~x•rform cach and ~~•cn• oth~~ c~~vi~nant aucl pmvixion h~rcin on th~ part of the \t~rrt~;afiur to Ix~ cr~mpli~~cl ~~•ith and ~x•r(~~r~ncd, th~•n thc~sc presi~nts shal) Ix• v~?i~l :uiil n•Icasc~cl at th~• c!c~x•usc o( thc \lori- gagor, othenvise b mmai~ in full force aud eFfect. ANn d~P \tortga~or docs hcreb~~ expressly ca~•enant and a~ree: 1_ Tn pay the Note hereinbefore r~[etred to, accwJing to the terwr t!?ereo(, and thn intere+ct th~renn prom{NI?• aa th~ wme ~hall bocane due. - 2. To pay all taxcs, ~cccssmentc an~l pub:ic charFrs alr~T~iy IM•icd ~c ascrcccd or tl~at may h~n-:~fter lx~ IP~inl cx ascccscd u~xx~ a a~ainst said land and prnnices tx aFainst :my ix~rconal p~~~{xYlY h~n•i~i rnnveyt~l, v?he~ dn~ and pa~ahk aecurdin~ !o l:t~v. 1mGxe lhe~• 1?r- ~v~~n~ (~1'Illll~q~'tll. dM~ IM~lN1• aur iut~•rr.t ~~r {w•u.~lh• sL:~tl atla~ h: t~~ ~:~G~•cY to ll~c \lurtca~~~•, on ~x I~F~K~ !?1.ln•h lct of cach y~ar, tai receiptc n•idrneinq the pa}~~ne~t of al) such ta~es fur the pre~yviin~ c~lendar ~r.~r. atKl tn ~I~lic~t tn t6e ~lort~;a};~r re~riptc rvidi•ncin~ the pa~•~ncnt of all licnc fur puhlic iinpro~•~ in~•ntc Wit6in ui~uiy (~0? ~1:~> c a(tc~ Ihc cvn~ chall 1?ci•cwn~ clue and payaMc, ancl to pa~ and dis- chuge within ninety (90) da~Y a(ter due dafe an~ ancl all gm-~rnmentil 1~viec that m~~- 1?r n?a~1r ~?n lhe mcxtRa~ed pro~+e*tY- 3. Ta pennit. rntnmit. o~ snlfer uo ~cacte•, impaim~~t or d~•IPf1~tt.1I1/M O~ ~:~~d prop.~rly M am• part lh~rmf. ancl u~n th~ (ailure of tl~e ~to~tQa~ur to keep tl~ b~tiildin~;c on ciid pro~~ertq in ~~.~cl canelition of rrp.:9:. :F::- ~!^:!;i;;rr •1^:r.~s~! thr imtmnliitP ?.Tiir nf ~:ea 1t;:e!t!e.^.~~, a.^. i:t^sri~a in !hr anttn:t:t scnui!y, nr th~ itn:nrtliat~ pa)ntrnt oE Iltr tlr~:! ~1!`[C~~1'[TY'ttltYl, .lRtl I}U• 111~t1(P o( th~ ~itxt- f;.7QM ~O f(Nll~l~\' N't~~~ S.IN~ 1~1`Ill.llll~ 1~~ ~~IC ~~1N1Q.lS;/Y•. ~IN ~N'f11MI O~ UIIII)' (~~I (~1\'C, (tl:l~~ lYNlhl~lt~l` ~NP1C~1 O~ ~~IIS 111~1f1f',1i;C. .9O/~ at thc option at thc ~1~t~a~cc, i~mnnliati•ly ~nat~~r~ thc ~•ntirc a~nuunt oI pnni ipal and iut~Yrcf h~•r~{?y c~~ nrnl, :mc~ Ihc \1o~t~aQ~r immali- atcly and without natice ma~ institute proceedingc to forcck?ce thic mort~ag~ ,~1 ,~~1.• t~K 1he ap~x?intn~~nt o( a liecci~•cr, at hrrcinaftcr pro~~idCd. _ -1. To kerp the h•~iklin~c ar~ all er~~~i{~mcnt and p~rsona) pr~-rta• nnw or IIf fM~1P! on t~id prr~nicea ~m•~red b~• thic mort¢aRe in- curcd against k?:c hy firc and N'IIN~~~~N111 Of O~~IR caa~alh• in .l c11(11 (l~ C111Oi SII~~1~'IPOI 1!~ QI\'P ~~1~~ (~fO1M11Rp ~f~ ~'1C ~tOft{~1~M. ~/11t ID ~ ~•~•~ut in a c~nn li•cc than Ihr unp.~i~l pr~n~ i~w~l c~~•~~nvl hy thic u~nrt^_.~1~~. Pmvid~~c1. I~~~~t•~•~~•r. tl~.~t ca~ h incurarK~~ ix in a~n~~nnfs ad(ici~nt to complp vcith ang a~-encur.~ntr rrqni~ctn~•ntc co~r~in~ c~m~ ~uid~•r thc 1.~~~•c of ~II~• SI:I~P t~I I'IOlIII:1. .1M~ ~lf~)\'~/Il'(~ ~IUIIIPC Ibat !h~ ~xtli~~~• or palicit~c chall hc~ ~~-rillrn in ~ rnnqr.~n)• .~r ~nnq~ani~~c ~nd tbr~wu;l? :~n aC~~n~}• ~.~si~f.~~t~~n Iu Ih~• \LNh~.~C~~r, an~) tl~al ~aid ~~lic~• nr ~w?licirt shall be held by ihe \t~xt~a~tr and ch:?Il }.r,u d t~.lfl(~df(~ ~CW l'ork \1or1Qa~~r Cla~:ce K~ith~N~t r~~ntrihntion makin~ the kxc nntler sxid policies payable to the \ltxtga~ee ac h~c intere~t ma~ appear_ It is a~rccd that in caec fhc buildint~a ~a? ~aid rr.?1 ntal~ ar~ t~c~f~~ac~) ~~r damaC~'c1 h~~ fir~. w•ind~Mnn, nr h~• ant• nthe~t ~ao~alh• acainst ~vhich ina~rance chall }~a~•~ bcrn nv~ui~Ml h~• t1~~ \1~rtC~e~'r. N~~n. th~~ \I~rts~:i~e~r ch~ll h~c~ tL~• ri~ht t~. a~,plv th~ in~nran.~~ prncmlc in r,yme~e of e6~ de•bt sre•nrrd F~~na~~•, edh~r in ~chol~ ~x in ~~:ut. aad ~~•h.-H~r~ tl~~•u ~ln~• ~.r n~~l. hT ~~~luiri• Ih~• inqtruc~•~n~•ntc l0 1N• n•~,.~iuyl <~r rr{?laccd, ~i:i~cr parth• r?r ~•ntir~la•. b~ thi• uc~ of caicl pnrtY+lc. tl~~• nnp:~id jxnti~n o( th~- l~,:m tn r~~ur.~in in forcr. Any such proccccls held bv the ~IortRsgee for rcpairs nr r~pl:~cemcnts shall Le co hekl ~~•i:INNt~ ~ld)"IIIPR~ or all~~~c:~n~~ nf int~rMt. 5. In thc earnt Ihc li~n ~f this m~xt~.~~;~• ic accrpt~Yi :~c a~rrundar~• ~r in(r~u~r lu•~i. c~,l~,nlin.d~ arn! cn}•i~~-t tn am• prinr martcae~ ii~n or otht~r ~ncmnlrr.tincr. Ihr \1oit~.~~:~r i~~c~•nint~ and aLrn•c t~ k~•.•p ~II ~nch ~~f~~n m„~r~t~s~~• li~nc :~ml ~~fl.~r ~•m~~ml,r.~oc~c in cnKl ctanclin~ antl to ~HV(~~nn. carojrl~- aciN~ :~n+l ahi~l~• i~v r~ch .~nd ~•~~•i. th•• .ti~» ~I.~ti~~n.. ~~~~y•u~~~nt~. ~ nml~t~~~nc :~u~l rn~•on.~ntc cnntain~d in th~ a~reemf•nts rcidencinc cnch pri~.r li~•nc and ~~•ill n~~t ~~~~nuit cnrL ; n~~r liruc ~~r m~utt;.~c~ c t~~ I,.~~ ~.m~'in ~1. (:u~lt an~l ~vill pnmipth• pa~• 'I any indcbtcclnesc sccurrd by ~uch prinr li~h?c an~l m~t~ac~ i~(~x~ Ili~- ~.~~n,~ INr ~~uu• ~L~l~u~~w nt. .~n~) ~n th,• 7d \I~nIL'.~L'~~rc cL:JI (ail { so to do, lhcn aich failur~ sl~all itim~titnt~ .i d~f~nlt in tLie n~nrtt.~~:~• in th~~ ~au~~• m:~nn~~r :uH) t~. tL~• e.~~n~• ~ zl~~ut aa i( Ih.•r~ ~~•~n• :e d~fanlt ! ~n thc tcnns arKl rnnditianc o( tLi~ mMt~acc. or thc n~t~ cn•nr~.l h~r~b~. ~ 8_ Should th~ \IoriC~COr (ail tn u~akc pa~-ntt~nt o( am• lacrc. accn~m~•ntc ~r ~~nhli~ rha.crc 1..~(~,rr Ihr~- M-r~im~ rl~lin7n~nt. or FM(nro any interest ot pena~ty s}?al~ :~tt~rh. or any irtu~~.inc~ -prrmi~emc nr oth~~r char~~ c~,:~c:~hl~- l~c tLr \~nrt,a~nr_ nr eh~~~~id th~• \inrt~a¢~r ~ai~ tn make pacment nf a~v prin~ipal rx intr Kt cnnrnl h~• any nxNt{~ae~ ~~r lu-n p?i~~r 1~~ Ila~ 6~•0 ~,f tlu~ nn~rt~,L.- fr•(nr~• th~ ~.~m~ }~•romP i dcliru~~~cnt. Ih~n thr \1nrl~iCCr tn~~- n~alr p:1~lDrt11C n( fl~e• ca~nr. an~l al.~ u~:n• :~+1.•.,~n ~.~i~l ~•~r,nr~•e (rn~n t.~~ ~.~1~• ~ailhnnl auv oh!i~+ali~~n t~ inquir~ into thc ~alidih• ~,f anclz t:~~rc_ acci~ctn~•ntc and t:?~ ca1~K r lL•~• nr~~~~~t. th~• pu•t,• r~.1(i~ ~ r. lv~in~ rnr~t L~ci~•~ ~~id~~nM ~f th~ tialidity and amrnmt tFMrrnF)_ In cacc cnch pa~inrntc h~• d~~ \Mr~}!:~~~•r. tl~~ \1~~ri~.ie~~r :~~_n~t In rri~uli~!r~~~ 1~u• \1~?rt~.~C~•~• nn d~•marnl. ant~ th~ amounts so pait~, ~cit~~ inf~-rr~et thcr~on at th~ rat~ o~ trn ~x•r ernt ~~~•r :tnmim eli.~~l ~N• ~d~~e d tn au~l Ix-rorn~ p.irt ~~f th~ ~lrht sr- cnrec~ I?p llicce pr~centc ~riQuNd ~+ai~~•r r.( am• riRht arici~~ from hre•a~h ~f an.- ~~f Ih~ ~.n~•n:ir.t.. :uN1 (~x «~cli p~~tin~•ntc_ aa•itL intrsrct ac aforesaid. the pre~ni~es hrrcin}Nfrxe ciescni~d. as weii ac ih~ Uo~ty(.~Ko~. s}~aII Iie Ixw~nt~ to t}ir ~am~ ~~~t~nt that th~.• are- }x~u~xl f~r lhe pa~•- mcnt of the note hercin d~scribrd_ . 7. That any aumc ~•hich chall n~~t be paid When d~~~. .~~h~h~r pr~rN~p,l, internt. ~~r mnmh• rn~in~ frx a~i~-ancMnent~ hy the holdrr pursuant ,o the tcrmc of thic ?~iort~a~c, chill bear intcr~st at thP ratc o( tcn ;+cr ~~nt ~~r inmm~. S. That in thc e~~cnt that ~aid X~~t~~ is p~act~cl in th~ handc of,:?n•xttomc~~ (~r cnllnli~,n. ~x in r:~c~ th~ \IfniC3i'~'r chall }HrMn.~ a party cithcr as ~ laintif( M ae d~i~•n~lant in an~~ enit nr le•Aal nrrN•~~-~lin}! in r.~lation t~, Ih~ ~~n.~,.•rtv ~1~<crilx,cl r,. 11~~ li~•n .•rr:~tiYl hrr~in. ~r (~x thP rccm•~ry or rrc~tcrtinn nf ~air1 irnl~~l~tnlnc~c, th~ ~furtRa~~rr ~~ill r~pa}• ~~n rlcmas::! all :,Kt< ~n+l ~.~~•nc~~c ari.ine tl,~n~f~~~m. in- :Icdin¢ rracnn~hlc atlorrM~'s frc. ~~•ith int~r~t th~vmn at thr rafe nF t~•n pM trnt pcr annnm ?ntil paid. all ~if w•hich cnmc, i( unpa~d. _ shall he addecl to an~ hecY~me a p~rt th~ d~}~t cm~rnl hy- thece rrecrnfc. 9. That thP \tortcaCe'~. µifh~~.d nnti~~. m~~• a~+nr ~a•ith ant~ part}- nhliC~tnl on ~ai~l indr{rtn~ncce_ nr }i»•in¢ an intrn-~t in th~ crn;;it~' clrscri}.ed herein, to rene~~ or ~~terxl d~~ time for paytn~nt n( am• part or all o( the ind~•btrdnccc crcurt~l hrr~h}•, w•ilh~~t in am• ~~a~~ af- fcctinR cithcr thc licn hercof or thc liabilit~• nf am• olhcr part~•. 10. That if d~fault mad~ in th~ T.a~:s:rnt ~f am• inctallm~nt nf c~ic~ ~ntr. ••'i~rthrr ~F ~r~n~~~al ~r inl~r~l. nr in thr r• +fcm .~no~ " ~~f any of th~ cv•~~~mnlc rnnt.iin~Yl in thic \Irni,i':~t',~. ~ntl :un• ~in~ or in~r~ ~f a~~h d~•(ai:lt: ch•ll h.~~~• r~mtinn~vl 1~x ~~~~ti~rl ~Illl'~}I rla}-s cx mrnc. or n~n thc ~~ap~•nin~, anc nthrt ~~~~nt ~~•hich acc~~rclinr tn thr t~tmc ~~f tLic \1~Kt~a~r nr r.~id ~~~tr ~h:dl rnh11~• Ilu• hnld~r t~ acrFl~rat~ th~ dn~ d:~t~ n( caid \ot~•. th.•r: 11~~ u•hnl~ unpaid ~~rinc ipal cn~n in ~aiil ~~t~ acrr~ ~l in la- pai~l. ~c~lh inMr~~l i~-rn,~+l th~:~•- ~n. ~~~a~~ at am~ tim~ a~t~r tn~ cxpi::~ti~in nf cnch p~riiK~_ ~r al anc timr ~ftrr th~• ha{~~?~~nin[ n~ c:uh r~~•nt r~d~nrrl tc~. ~t tl~r n~~ti~~n ..f th~• ~ h~~~~l~~r of ~aid XM~_ I~com~ dn~ and ~~i~-ahl~ ~cith~~ut m~ticr ~r di•m:md, :~ncthine hcn•in ~~t in cai:~ \nf~ tn thr mnir.~n• nrK~a•~Ih~Li,~~linC. and nt? ornicci~~n on thr p~rf o( N~~ holtlrr t~~ e•a~rc-i<~ ench ~ti~m t~-fi~•n ~n1i11~Y1 ~r~ 1~ ~l~ eh~li h~ ~~mdrn~Yi ae a H':~i~•~•~ ~~f anrh ti~i~t. ~ ~ Il. ~c ~<ldition.~l antl co1LN~•ra) «Ynrih• f~~r 1L~• p.~~-mcnf r~f c.utl \.Ar_ f~n• \lnrt^_.ii'~~r :ic.iCna 1~~ th~- \1~wlr.icr~~ ;~II Ihr mnlc. ir,i~~c. ~r~~fite. antl inc.~tn~ rtf th~• r~a1 r~t.~tr an~1 ~H•t«.u:~l {~n,~rla~ alxn-~• d.•~rri1H<l irr,~n th~• d.~t~• n( thi< rn~tnmu•nt nnfil Ihr- ile•}•t h+~r.•h~ ••±nr.•d ~ ~h ill IM p.~id in (nll. ~a~ilh fh~- ri~ht to rccr•i~~~ th~ cimc and ap{ih• thcm to said \ot~ or ~~th~r in~l~hlnlnrcc mcin~ on aeraunt th~reY~( aRcr default in the conditi~ns thrrmf. 1?. Tl~al thr ~1~~rtc.+eor ~~•ill p:~~ all t.~~~~.. 1~~•(r~ro Ihr c:~mr {M•crn~s~ ~lclinr~~~rnt. ~chich nr~}• Irci~Yl ~,r ac~~cc~•d undrr an~• la~~• ~~t thr Statc n~ Fl.xi~la. ~r any i~~rlrral L~~~. u{w~n thc ~I~~rt~.~Ctr'~ int.~rrct in c.~i.l r~a1 rKl:d~ :~n:1 irn~,mcrm~nlc. ~n~l ~chi~h ~na> I~ci~yl n~n thic \lort~a~~ m fh~• d~•ht ~n nnYl h~•n•h~• ~x thr h~~ldr? Ih~•r.•nf ~ hn~ nnh• tn fh~ ~•tt~•nt Ihat ~•u lr ic n+~t prnhil~it~•~1 h~- L~~~' .ai~d ~~nl~• fn tftc Ctt~nt f}rtt euc~~ u-i~~ n~~t m:~~;~- fl~i. ~~~.~n ~~a~ti~H~e 1. ~mt e•~~ ~nr]i~~Q :~m- ~rx•tim~ fa~. Slalr ~~t Frv~r•r.~~. i~n~~ne~~t~ ~n th~• \Inr1~+:~~~Y'. ane~ «~ill fil~ th~ o((icial rFre-ipt ~lun~•fn[ c~~i~h p.~.~inrnt u-ilh thr \InrtCae~'••. 11. at ac~c tim~~. am- I.~«• nr cYmrt d~rr~r prnhihilc th~ p.i~m~ nt h~• thc ~lortgagor of am• taa, othcr than irn~mnc tac. 1~~•iccl apon tl~~ ~1ortQag~rs intctcst in thc rnort~;a~c~l rcal cctatc ancl imprrn•cmi•nts, or Page T'wo BOOK~ PA6E ~U 1 - - _ - ~ ~;A z; ~ - - _ a~ ~ ~ , =1 - w-~`°:' _ ~ _ i _ ~ _ r X~ _ -