HomeMy WebLinkAbout0552 ` m tl ind fuly paid •i~h~° -~7~ ~=t sfter t6e
15. If an~ ot the sums oE moaey da'eia reta~cd to be not P~o P 1 n ~a~ ~nd'uions and oorenwb o[ aid promit
s~nae ~ererallr come due ~nd papable. o~ it each and~eryd. ~c
mP,ied aM'th
and
bided b~. the +i~~ate wa ~eatioaed ia aid
~ note ~ad this deed. or eit6er. ue oot dull Pe*t ~ tlut tie~e. aad dl monep ~ecured 6e~eb7. ~hall beoooe due
proaawory ao~e tben remainia~ uapaid. witk iatuat ac~~u~d d tnllr and completeir o it dl ot t6e ~sid su~ ot
aud payabk torthKith. o~ thereatter. at t6e option o[ wid Monpsee. to the ca?tracf OO~M11bfl~Ad-
p [p Mld AOIa Of ~0 ~~N~
n~oaep ~ orisiaall~ atipulated to be p~id oa wch daf. ~l~~i~itbout no~iee or dea?and. wit at I~M or 1e M~~t~ mar be pror
md ~heceupon or thcredter. at the optbn oI Wtd Mortpi~
ccuted as ii all mo~eri accured heeeb~ h~d sat~red;p~es, ired to be paid uader aey
16. I?tortsa6o~ will e~ibIt to Mact~~i~ ~rrittee reeeipq atablishia~ Pa7a?eat of anr wna r~W
wperior morgase or othe~ liea obit6atian. uo l~te~ tl~a° tire l5) d~p Pna' b~ tinne that acaleratioa oi mch wPetwr m~tL~i°
or lien could be declared tor noa•Wl~?ent theceot.
~ •
~ •
/ lg, '[hat it is the iateat 6aeoi to secd~ P~7~eat oI ~aid aote and obli`atioa whether t6e eptim amount st~11 b~+~ b~°
i ad~aneed to t6e Mon`a6or at tbe due hereot. or at a latu ~e
` auu~ t u~ ~~o o~ i ~ deb~edn ~d 1~b~ ma~ de-
to the mort6a6e iadebtedness uader tha te~as of 16i+ iasunm
c~eax or u~cre~se~r~m time w tiu~e. bat tbe total UApald ~aflCe !O slCllf!`d at aey one time ~hall aot escud tua.
!OD W~.00 plw intereu thereoa and anv disbunemeats made for tLe Wl~~q ~ecnn
aun oE ~ced bl the licn of thu mertaa~e• with iatera~ tl~ereou; and tbis morts~ie
lr?ies or iawtance oa the prope~tl or dter tbe date 6eceoi. w6ich
an~ ~nd all additiond or turtlier ma~ies w6ieh wq be adraneed b~ 1[ortRasee to the Mortgas r to the Mortp~ee bariaa
future advanca o[ mone~. if made. rha~1 be e~da?~ed b7 ~ mte or awd e:eeuted bp t6e Mo~t6a~
wch rate ot iate ~an Qw~l (10) Teus aiurt tbe ~d+te N~1°g 6~ COQa ~a°~Il be
~ceured b~ tha m 6a6 oi ~~ori~asee w make aa7 fatnre adtanc~s.
deaned aa obli;ation on tl~e part
19. T6at in t6e ereat the premises 6eceb~ nnorc6aaed or .nr nart ihueot. shall be condemne "rarded f~orithe~~ use
ander the poxer of emiaeot domain, the Mortta~ee al~all 6a~e t6e right to demaad tlut dl d~m+aes on t6is
or damagn to xid premises a6d1 be paid to the Moctaa6ee. iu snccasors or assi6ns. np to tbs amonat t6ea mPt~
mortgage md map be spplied npon tLe M7m~~ ~ P=7'meats last payable thereon•
20. The Mort6aaor shall. within fire (S) dqrs from ~rrittea demand b~ t6e Mortpgee. e=ewte ia raeh form u shdl
be required br t1~e Mortsa6ee. an atuPPel artifieate aad waire~ of detenses, dnl~ acknorled8ed. sKV°6 ~0~ b~u°
k~ ~d
priacipal aad iatuae unpaid hereunda and ~be 6enerd statw oi aaid mort6a6e. wd the failure ot t6e Mort~+ia
deli~er said estoppel certi[icate and ~rai~er of detenres withia the time doressid shall conatitnte a defanldue ~nd pa~k
f tL'a
n
mortga6e and ihall eatitkd t6e bolder herool ~ d~~an +~l of the unpaid principal balance imm~d~+ or
21. Ir u speciGcall~ aareed t6u time ~s of t6e ax°a of this eontract and that no ~?ai~ex of ~n~ obligat.
ot the obliaation seeured hereb~ s6a11 et an~ time t6enafte* be held to be a~rai~er of the temn l~ereof or of t6e ina~cumr~~
secured hereb~. o t to tbe Mwtaag~r
22. It is undentood and aareed that the Mort6a~ee may ~t any time. .rithcwt notice to any peiio . 6~
'an~ modification of any kind or natnre nhatgoe~er. or dlo~r anr chaage or chaages. snbati~~~ ~~,~°L~; m°~
T~ ~fcet-
Pmpertr dacribed in thit mortgs6e or an~ othe~ oollatual ~?hich msy be held b~ the Moct6ag ~nt of wid
iaa the liabilit~ oE the Mortsagor. u?p endasers oi the u?debtedness herebr ~u ~le to t6e Mort6~dee+ a~d ~O
~~t ie an7
~IfdCtlltdDE6~. IOgllbtt MI~II interest and aa~ other sums vhich ~ainder ptYthe P+oP~rt7 and wher ooU:tenl ~rhich is not
manner ai[ecting er impairing the lien of t6is mortgage nP~that the Mwtgagee ma~ at an~ time. withont aoY~ce W w~ per.
changod or su6etituted; and it is dao undus~ood +°d a~ree~ rtion oi an7 othe~ eo1•
aon. release an~ portion of tLe propert7 dacribed in this morta~6e or anq other oollateni. or anl Po
lateral which ma~ be hdd ~s secnric7 fot the P~7~nt oi t6e indebtedne+es hereby seennd e~'~ *~it6 or ~rithont a?7 ea~sidcra-
tion tor wch relwe or releasa, withont ie an7 m+uner dfectiag t6e liabilit~ of the Mortgaaor. aU endoner~. if +nl?. and all
other pe~sons ~s6o are or slull be liabk for tbe papment of wid indeMedness. and r~ithont affectiog. distarbina or impairing in
aur m~nner Mr6auoeser t6e ~alidit~ aad priorit~ of the lien oi chis mortg+6~ ~EnpO the mt~ue remaindtr of the m 6a6ed P~P-
u
uapaid. together with all interat and sdranas ~*hich sh+ll be.come pa .
ertp v+hich is unreleaxd. and withoat in an~ maaner af(t+:ting or impairing to any etteat ~?6atsoerer ~a7~ ~ M~t~t
'i security which mar be hdd br tLe Mortga6ee- It is distincd7 nnd~rst°°d aad agned b~ the Mortaaaor or
i aa7r release or rcleases mar be made b~ the Mortgagee ~rithout the coosent or appro~al ot an~ other Pei~ou Pa°°Rs
ecer.
'1.3. If the ~tortga6or defaults in the periormance ot anY of ~[ortga6or a COYt090I5 and agreemeots contained herc~n.
F particularls including, but not limited to the cmtnae~s and aammrnts cunained in Pars6r~Phs Z. 3. 4• 8. ind 11 hereof. snd
~ the yaid detaalt can be cured b~ t6e pe7m~~ of moneT, Mort6a~e siull hare the right at any time, and ~+ithout v~a~Y~~6 °i
•(fectin6 it~ optiort to forr~lose or sn~ other ri6hb hereunder, to p~~ such sums of ma?ey as m=Y b~ ~e~~~l or required t~
curc tl~e default, and all wm~ ~ p~~d shall (orthwith upon ps~ment thereof. togeeher with intercst thereon at the rate o( ten
per cent I1C''¢) per annum, and any and all costs. charges, abstract tees. attorneys (ees and other e:petues in~~rted~O;~~stand as
in conr,ec~ion xith the sa+d payment, be due snd payabk trom the ~tatB+Bor to the ~tonaa6ee, and t6is mortga6e
securits there(or, and any su~ so paid shaU be deemed an ind~btedne~ ia addition to the indebtedoess hereb7 sec~rcd•
'1.
I~ is the intmt of all parties t othis trattsactioo to abidr strictly bv the interest limitations imposedby the laws of Florida,
the hulder sha~l not 6e entitlecl to collect aay interest ~hich is in Pxcr_:~ o(~1he le~al rate and the botruNet shall be efl~itled t oa re-
(und oi an~~ amount collcrte+l hereun~ier ti~~hich ma~• be determin~l to be e~ce~tii~e rx no? pcrtnitled by la~~~.
IN WITNES5 WNEREOF. the ~iortgasor on the dap and Tear first ~bore ~.ritten. eas e=eented these presents nnde* seal;
if, rrhen and as s corporation, bp and through ib duly au~horized ofticers. as the act and deed of the corporat' . wlwx aames
appear hereunder.
~Y ( Corporate Seal ? _
AnESr: - . ~ _ B~ )
~r h I VI Sz attottp-intstiact
,
~ Sisned, sealed, rtad ond dslipt{ed in tht Wesence o/: --Y -
~ ~~/7 ; 9. ~ /t~~ ` _ ( Seal )
C~J G: _
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~ socK 232 PAGE 552 .
r~`G' CORAL G1~9LE3. FLORIDA
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