HomeMy WebLinkAbout1757 tbe psla?eat of t!K more=a~e lAdtllltdAKf, cous sad cbana. a:co~dia~ to tbe o~dt~ af ~ne6 cou~t: aad :ucb rcceiva msY be coatiautd
is possresion of tbt aid p~opettl uatil tbe time the sale tbaeof nade~ fondosua is complettd. ~
8. 1f s coa~e~ana ~ould be msde ot tbe pnmises beais describcd. or aey put thaeof. ebea aad ia :Ilit tYlAt. aad ac tbe optioa of tbt
Assau~ion. snd witl~out aaice. sll tums ot moocr sr.u~cd bere~~ shall immcdistelr and coacn~~Yntir with sucb conrcrsace btcome dYt
aad payaWs aad ia defaalt. ~
9. !n tbe eveet tbe prtmi~es beab~ a~ort~sted. or aer parc ebc~of. ~h~11 bo cona~mncd and ~aten tor puWic use uader ~Se power ot emiaeat j
doanaio. tbe Asso.riatioa ~atl bave tt~e ~i=!~t to demaad tluc all dama~a awarded [o~ the takioi of or dsmaea to said pnmises sbill be ~
paid to tl~t Associatioa, its succesioa or assitns. up to ttx amoun[ tbcn uopaid oo this more~a~e aad wa~ bs applied upoe tbe paTmeat `
o~ parm~aa last parsble [beceoo.
10. Tbt moR~atocs bind tlKmsdta aot to etett or peanit to bt t~etted anr acw bY1Wt[I~t QII tllt pK1111fK IftKiO A10[tQ~Yld O~ l0 ~Ad [O Of
ptfmlt IO bt ~d~ t0 il~ O~ tllt tltftiAj 1tOPtOttAllllti !At[lOA. o~ ea dea?olish. alta. or datcor aar mate~ial part of tbe improremenu.
rrit6oot tbe rrri~c:a co~:seac of tbe Assaistion, and ia c6e event of aar violuioa or atccmpc co riolate chis uipulatioe. t6is mon~ate
and all somt •secnrtd btcebr sball immediaul~ becowe due aad paraWe at the option of tbc Association.
! 1. !t is speciPuallY a~ned that ~IOIt tS [~lt tf~t11C! Of [~llf COAI[1C~ lOd [Ifi~ AO ~?~IYt~ OI iA~ Obllji[lOA tIt[tlllldt~ Ot O~ tllt OWIY~[IOR fKY[td
b~ablr s6a!! u aor time bcnafte~ be hdd to be a aaive~ of the urms baeof or of tbe inurnmcat secnred beabr.
! 2. If fo~eclosure ptocetdin=s of aap second moct~ape or moad ttost dmi or aa~ jnnior lien of anr kind s6onld br iauitoted. tbe AL`ociatioa
ma~ st its option. immed'utelr or tbaa(tet dedsce tbis mort;sgc and tbe indebtcdness secead lx~eb~ due aud parable.
13. To cbe eztenc of tbe iadebtednas of cbe mortga8oa to che Associatioa desaibcd l~ercin or secund heab~. ebe Aua:istioa is hcab~ .
e
sul+~at~d to tbe lien oc liens and to tbe rights oE tbe owaea,and holdees tbercof of exb aad evehr monga=e licn or otbcr encumlxana i
OA ~If[ I~IId dtfClt~ ~ltKl11 wbich is paid aad/o~ satisfird. in wbole or ia part. out ot tbc p~occeds of tl.: twn describcd be~eia or acuad ~
bereb~. and tbe respettire liea: of uid mort;~a. litns. or ocber encnmbrances. slull be aad tbe same and exh of ebem bereby is peeserved ~
aod sball pus to and be hcld br tbe Acsociation bereia u saurit~ for tbc iadebtedaess to t!x Assaiatioa 6creia described or henb~
ucnred. to tbe same e:tcnt tbat it MOYId Ili~! bttA Q[tit[~?~ lpd ~onid ha~e beea p3fStd [O 7Ad btt11 bdd b~ tbe 1laociatioa bad it beca .
dul~ and n=nladr assi~ned. uansfcned. set ovec and dtli~tttd nnto tbt Assotiation br stparate detd ot assignmcut. notMritbseauding that ~
t6e same mar be satisfied md caacelled of eecord. it being tbe iatention of ths parcia bereto c6at che ume will bc satisfi~d and caacdied of
acocd b~ t6e holdcrs tbereof at or sbont tbe titae of tbe reco~ding of t6is mortYa::.
14. To ps~ aU aad sinQular tFx costs, char~es. and expenses, inclading law~cr ftes. iacarccd or paid at aa~ time by tbe Association bccanse
t6e failuht of t6e mortga~ocs to pe~fwm, comply wit6 aad abide br cxb and everr t6e stipulations. agncmmts, conditious aad corenants
of said promissoq note aad tbis more~a;e, or eitber. aad evcnr such payment s6a11 bar iatecat from date at tfx default nte as aated in
puaynph 2. and aa~ snms so paid shall be repaid co t6e Association upon dcmmd.
I 5. Tbe moctgagor funbcr coves~ants t6at if moner is to be advanctd on this mortgagt du~ing tbt contse of coauructioa af a bailding upoa
tbe above dacdbed pmpertr. tbm said bnJdin= sball be completcd wit6in da~s from the date txreof and s6a11 be censtrocted in
xcordana wit6 plans and sptciCutioas sobmittcd to the Associseion and tbat s6ould said bnilding aoc be coastructcd withia the above .
t
time limit and/or said building abal! na be constrneted in xcordance witb snc6 plaas aad specifiations. then aad in ehat event tbe i
mortgaga may. at its optioa. declan all sums mared herebr immedutcly dne and parable. ~
16. T6at if tbe mortgagor shall procnre contncts of insarance npon 6is life and disabilit~ insarana for loss of time b~ aaidentai iejur~ or ~
sickarss. or eittxr. making tbe mortgaga. assignee thcnnader. t6c morcgaga mar pa~ ebe preminms for snch insnrance and sdd cbc ame i
co the principai indebtednas secnred b~ this mortgage and uid amounts shall be repaid to tbe Associatioe immediatdy upoa demaad. ;
and tbe failore of the mortgaYoa to complr witb the demaad of the Auocutioa for a pcriod of t6irtq (30) ds~s shatl constitatt a baxb j
of this mortgage and tbe Association. at its option. immediatel~ and withoat notict. ma~ inuitnte pcoceedinYs eo focccloae this mortgaYe f
and sppl~ for tbc appointment of a caeircr as beceinbefon pcoeided. _ ~
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j IN WITNESS WHEREOF. t6e uid moctgaYots brtennto set their hands and seals t6is da~ and ~ar brst abore written. ~
4 !
~ Signed. snJed and ddi~ered in tbt preseaa of:
~ ` -~i. ;
~ " - 7 - - csEU.~ ~
- - -
'W'~s~lter . Mnnr e, 3r. , r
(s~.) ~
~
- -
tL,.~- _ - . (SEA[.)
- - - ('a~~_ ~
C~$ire K.. Muaroe ~
- (s~t.)
- - - - - (SEAL) s
- _ - +
C~I~~, - - -
- , Wl~C~1~ (SEAL) 3
R[ 0 rt~us~~~ }
~ S Z ~s t~1'~~ ~
~
s-rA~ oFFLORIDA 2'~8u ~
~
ceutv~rSt oF 1'ALM BEACH s
I. an o6icer aatbonzed to take xknowled~mcnts ia tbe.. ~:1~n~count~ aamed above. 6cnby cercif~ t6at ~
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` ._~E K.__MUNROE,--his_wife--------------------~~r
WALTER M MUNROE~~~;,;~d
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co me personall~ koor?a, thu da~ xkaowledac~`bjl~~t?~Ih'i, t~t..~ szauted the foregomg ~ostcumcat. and 1 FURTHER CERTIFY r
.
chat ! kaov? tl~e said rson makin said x ~ to be, diridoalS d~scribed :n and who cxauud tFx ~id iostrumenr.
P~ S S `
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. ' ~ . ~ , a ~ ~ Lake Worth ~ e cao #
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IN R?, TN£SS WHEREOF. I bcrcuaco iet ~rp b~nd; ~d;HvB+t'til;~ ~t' . _ . _ - - . . - - - _ . ~ . #
p e y
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and $t7tt. ihtf , -~~~l~!S~ ':i.~.t~ ` -
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My Commiuion Ezpires: - - - M~ _ ~ :
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~ YrOMItsi011 P~fS ` Naarp Poblic
~ In~N1 b!N!~+~ tM ~~t 01r
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