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e. To perlorm, comply wah ar+d ab~d~ by e~cA ~nd ~.e~y s~~pv~hon, ~yn~mpu, cand~~~on Md cownu~~ M, ~~~d pro~~wory noN M~d dNd ~N lall?.
7. tn rM tven~ rM ~unsd6ce~on oI tAe U. S. n7,a~ict Cow~ ~MII b~ a~votM by o~ aq~~ns~ ~M Matppw undN ~nr ol tM pw~sion~ ol ~M F~d~ral !~n?•
ruptq Ac~, such aa~on. wM~Mr volvo~a~y w i~voMM~y on My rart:a' tM Mor~qapor. slutl ~u~om~uc~lly. wl~hou~ .w~~c~. KpIH~N +M m~wr~~y ol all ~unr
ol mon~v Mr~~n d~ur~b~d and ucured. ~nd tM asme sh~~l ~herevpon becom~ dw and pav~bl~ fwtAw~~h as f~lly as t1» sa~d ~yq~paN sums ol mon~y wN~
uipin~lly s~ipufatd ro M paid an u+ch dar~.
e. To d~Gv~r ro said Mortqa9ee. on a b~ta~ March ISth of ~acA y~u. ~u ~~c~ipy ~videntiny rM wv~+av of aIl I~wfully irnpos~d t~aes fa tM pnc~d~ny !
ul~ndar y~ar, ~nd a ddlva ro uid Mor~Q~ye~, nc~ipq w~dN,dnq ~M wr~~ pf a11 11ens (a publ;c improv~msnt~ w~ih:m m~~ty (40) daw at~N ih~ sam~ sMll
b~corn~ dw .nd wr•bN. and ro wY a d!uMry~ wirAio nin~ry (90! days aftN dw dat~. anY and ~II yOVfrnnMNl IfviH tM~ nur ~p+9~
,~opwty, cn tA~i mu~qp~ w nor~. w~n ~~y o~hN wW ~~iulrirp from t1+~ Ma~Qao~ ~n~bt~dnes~ tecu~ed by th~a morryay~: ~nd i/ rMis cond~f~on b~ not comc~~~
with ~nd pafam~d. uid mwtp~~ rn~Y p~Y uxh sum w swns wA~ch ahall b~com~ part of tM d~bt s~cund by Mis mw?9aq~. ~nd aMll b~ar intMn~ at tM debult
rat~ povid~d in uid wwni:wry nott paY~bN mon~hly untit paid w uid Mwp~yN rtyY ~IKt tMf sa~d mwtp~p~ d~W rAerwpon D~come dw +~d p+ysbl~ fath-
wiM,
9. 1~ is IUfIhN CONnM~t~ p~A prNd by Nid p~/fiN rl~a~ ~n ~M ~wn~ ot • suir b~u+p inauw»d ro iaaloN Mi~ ~we.~~. N+~ Mor+p~p» sMll b ~ne~~Md ~o
pply N a~1r ~iw» p~ndinp such 1a~cb~w~ suif w tlM courl Mviiq jw~~d~c~~oe ~11NlOI ~Of Nr ~ppo:nt~em oi • tK~iVN of all ~d s~npular M» ~ped propa~tl.
snd ef ~M M~ ra~. fnconw~. proHn, i~we~ Md r~v~nw~ Nwrw1. Irom wMaowM sowu d«~wd: and tM?~vooe i~ i~ M.~br ~¦pn~M covenanad and p?Md
Mat Nw cain ~1+~11 fwMwi~A ~p{wim • nc~ivM o/ Nid ewrlp~p~d prooNM. ~II ~nd ~inpul~r. ~nd ol iucA rsnU. incow~n. profin. i~sw~ end r~wnw +Awwf: irom
wha~w ~owe~ dKived, wi~A d» wwl oo'wwi M+d dutiN ef ncwwn in Gk~ c~~: ~nd avcA ~ppo n~~n~ ~MII b~ ~n~ M ~uch ca,~~ a+ • maeN. of snict ~cpM
a n*.i ~Awtp~qN. ih ~ucc~uati leqd ~pr~s~nbtivw a~ssipu. ~nd wiMaM ntNMC~ ~o ~M ~dew+cy a in~d~qu~cy o! Nw wlw of tM poperty M«by nwrtpp~d ~
or w Nw wlvMCY w irodwncy ot tM Nb??Wiw, and tM~ sud~ ~~nt. o~ofib. i~eon». iuwa u~d nvM+uN aMll b~ ~oP~ad bt~ sud~ r~c~ivw w t1~ wrrnen~ of ~M `
^~~9+9~ ~dn~. cosb ~nd c1wpM. ~ccwdin0 a fA~ o~d~r of sucA cowt.
10. li all w any pan of d+e w~h a ~o intenst ~her~in is wld a tr~nslar~d by mutp~pa weMou~ mwtq~pe~'s w~ wrGnen cons~n~, ~ad„dinq Q~) tM
cn~?ion of ~ t~en a enc~mbruic~ subwdinaH ~o thia mwtS~aqe. lb) tM creation of • purcMs~ nwneY aecw~~y inte~nt iw hovsehold appl~anc~s. (c) + rransfp by ~
dev~se w dcscent, w by operation of law upo~ rhe deaM of s ~ani ronant, w(d) rM 9ranf of any leaschold ~nrcreit of ~h.K yea~s w Ics~ nof cor~~+~~~rg an oPt~on ~
ro pwchas~, mo~tqaye! maY, st its option. declsro alt tM sums secvred by this mwtqaq~ to b~ ~mmedi~roly dve and WY+Sk. ~t9+9~ sh+ll Mve ws~vad such
opt~on ro acc~l~rate ~f, prior ro the aale w rransfer, mortqape~ ~nd the person ro wla~n tM wope~ty is fo be soW a ~rsnsfNred reach praam~nt in writinp
that the c.~dit of such person ~s ~aNsfxtory eo Mor~gpe~ and tha~ rhs interest p~yabt~ on th~ s~ms uc~ved Ay ~his mwtpage shall be ~t such rue ~s Mor~q+yee
sMll reQwsl.
11. iMe in rM went ~M a«n~a~s hK~M ~~ww+~. a MY o+~ tMnof, sh~ll M co.,demn~d w~d »k~n i« v~ie vN undv tM Vo~ of ~n~ do~nN~.
tM AlortpayN shall lrvs N+~ riqM a d~nd Mwt ~11 d~n~~s ~wKd~d ta ~M t~Rinq o! « dae+~yM ro uid pr~m:sy ~MII E~ p~id b tM Mw~q~yN uV ro Mr +maMt
eMn ww+id on Mi• iwa+o+v~ M+d a~ d» uWlon of MN lYlwrpapN nyr b~ wa~~d uvw~ rl+~ wYmenb luf p„r~bN tA~non.
12. iM ~no.~p~va btnds A~wudf na fo ~r~cr w pN~nir ro b~ erM~d ~nv n~w bu~ldnys on ~he w«wi~ Mnin nar~p~qd w ro dd ro a t~m~~ a b ~dd~d
a~Mr of tM ~si~eieq Iniprow~nb ~~a+ or mab Mq eMeyw w~Ntr~tions in s~id iTprov~+rwnb whieA nyN~isllp eMny~ ~M iu~ a~M va~ Mwwf, vntA~u~
tl+~ witNn cons~nt of ~M Morp+ON. +nd i~ Nr ~wnt of ~nr viol~tion w~nuno? ro violat~ tl+i~ sr~p~l~~ion tAis TMortp~q~ ~nd ~II swns s~cw~d Mnb1~ sMll in~
nadMNly bcan~ dw and co11«~~bN •t M» oo~ion ot tA~ AAony~y».
1~. 11 ia ap~cit~cally ~grwd tMt tun~ is o1 tM essM+c~ o} thi~ contrad ~nd rlut no w~irer of ~nY ob:iy~tion AKwnd~r w of tM oWip~t~on s~cwcd Atr~bY ahall at anY
ti~ M M!d a b~ ~ w~iver of Nr wms herwi w oi N» i~utrwn~n~ secw~d Mr~bY.
1!. Ii fw~closw~ pocNdnp~ of ~ny s~cond mwtyay~ w s~cond tnnt d~~d or any juniw li~n of ~nv kind sharld E~ imt~tuhd. tM Mw~p~ee m~Y. N~~s opr~o~.
im~diatdy or Hwe~fte+ d~cl~r~ ~A.s monpp~ ~.d Mw i~+d~dnys sacwed hu~by dw u~d wrabl~ tu~hwi~h. ~nd nwY ih car:on o:oce~d ro lwedos~ ~his
matp~y~•
1S. To tM ~at~nt o1 tM ind~W~ss of tM Mor~W9w b tM 1Mweq~qe~ datr~bed FKrein a secw~d Aaeby ~M IMw~p+pc+ ia her~bv s~broyned ~o d+e I~M w ~
I~~ns uid ro tM riyha ot ~h~ own~n and holden N+e.eol of ~acA ~nd ~verv Tor?9+9e t~en a othK inc~mbranc~ on fh~ I~nd d~fci.WA herein wAich i~ Wid and/a j
sstisfi~d in whol~ w in put ou1 of ~M proce~da oi tM loan deu.~bed he+~in or f~c~red herrbY. snd tM resp~ctiw liens of s~id inor~y+9es. lien~ a other ~nc~mb~~ncea
th~ll b~ ~nd tM_ aarr•~ and ~ach of tMrn hc.eby is atuned and sA~ll p~~s ro~~ b~ Atld EY rAe Mortp~ye~ h~r~in a f~cw~~y fw Me ind~bNdn~ss fo tM N1o.t9aqN
Aer~i~ describ~d a her~by ucwed. ~o tM aam~ eat~nt Mat it would haw been preserr~d and wo~td Aan bem paas~~ w snd E~en I+~td by ~Iw NlwtWyN h+d it Deen
duly ~nd rpuluy auiyned. tram(ared. sN ov~r +nd d~l~wnd ~nro Mo.~qayee by sp+r~t~ deed of ~?siprrmnt no~w~Ma~and~np ~M fxt th~t ~M sa~nt may be
s»isf~~d and c~nc~lled oi r~cad, i~ Ee:nq tM inhm~on oF tM put.es Mreto that th~ s~~ w~ll D~ wt~dted and cancdbd o1 ncad Dy eM holders th~.eof ~t a abou~
rl,~ ?~m~ of ~he recad~n9 oI ?h~s mor~qay~.
16. To pay ~II and sinqula? tM costs, charges ~nd eapensa, includiny lawyer's fees, ~easonably incurr~d w paid ~t ~ny time by the Mortya~ee, bsca:n~ of
rhe fsilvrc of tM Mortyayw ro periorm, comply with ~nd ~bide 6y each snd every the stip~lations, sgresments, conditions. snd covenanh of uid pamisw~y
nota and thia dead, w either, and ~v~ry such payment shall bsa~ interpt from d~M at th~ d~fs~it raM povided in s~id promiasory noM.
' 17. VYMn any ~ma+nt of moMY b b~ p~id bY 1M Matp~qor M tM Mortp~~ wder Me h+ms Mreof sh+ll M in d~fwM, or sharld tM Mwtq+yw d~f~uh in
any of tM orMr tenns, povisana a cond~tioro of Mis Monqp~, tMn ud in ~hat us~ the M«~yaqe~ sh+ll A~v~ Nr riyht, wirhov~ no~~c~ ~o Hr Mw~y+qw, to
cottect and rec~~w fran snr t~eunt a bssM of s~id mortq~qd w«s~s Nr rMp. iswe~ ~nd pofd of rF~ r~al esua hereb/ ~~9+9d ~^w~~^K^y
tAereon. ~nd to piv~ pop~r r~ctipb u~d xqvin~ncp therefw. ~nd ~fter paYinp all comn+issions of ~ny rM~i1 pent colkctiny eM same. ~nd snY reuon~bl~ ~ttorney's
feea ~nd odhr necess~ry e¦p~ns~s incwred in collutiey s+~ne, fo ~pph tM procecds o~ such colled~an ~rpon any indeW~dn~ss. Qbl~yaGon u li~bility. oi ~he
Mortpayor Aaeunder. TM ri9At qr~nted tM Mortp~~ und~r IF~is ppsqr~ph sh~ll be i~ addit~on to, and shall not limit or restrict, any o~ha nyhr p nqhri pranltd
th~ AAortp~gp in this JNorty~q~.
18. If tM Abrlq~yws at Ih~ tim~ of mtkinp this /NOrfq~ye a subseatnnt the~~ro t~k~ out lif~ iosw~nc~ desiqn~liny iM JNortpaye~ herein ~s bcne}iciity with s
wmpa~Y appoved by ~M Mwtp~qN o? sasiQrra poliues to th~ Mwtq~ye~ for tA~ pwpou of secwinp dw rnortp~qe Iwe~ h~r~bY secwed. then tM Mortp~pe~ J++II
; have tM r~pAt b p~y any pani~wn ~tau~nq unA~r s~id policiet. ~nd ~II sums so ~apended slull b~ sdd~d ro~nd Decorn~ • part M tM pintip~l indebtedn~ss ssax~d
~ bY Mis Mortpsq and sMlt be paid by tM Mwty~9w to tM Mwtqaqe~ in fvwlv~ eqwl consecutive monMlp inst~IlnwnM. ~M }iM monMhr inslallment to b~ p~id as a
p~rt of end in ~dd+t~on to tM monNdy Wyment dw ~+nder this Mwtqaye :n tM (int c~lendar month tollowinq tM •xpendieq o~ uid sv~n_ Such auins w~apended
E ~o bear ~merpt st tM r~te ~t wh:ch imera~ is p~y~bb ~pon s~~d princ~pal indebtsdnssa and ~M I~en of thia Mwty~y~ sMll estend ro~nd s~cvr~ ~Ae ~urns so e:pended
~ ~og~Mer wiM ~mn~ft thereon as heranbdu~ P~mrided.
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e 19. At mortgs9es's opYwn, foyether with and in addition ro the monthly psyment of principst snd interest wY+bN under ths terms of tfie noa secwed
~ hxeby. Mwtg~qw shalf psY ~~t9a9~ e+~ w+til said raM is fully psid, wx-twelhh (1/14) of ~ swn eqwl ro the snnwl premiwn du~ for fir~. ~:te~d
~ cover+p~, md other hazard inswsnce 7ncludiny flood insurance, coverinq tF~e mortqaged property. Dlvs h=es and assessmenes ne:t due on the mwtpay~d Wope~tY
~ (all as eatimated bY Mlortysge~) less all sums already paid tlwr~for. ~nd lo be div~ded by tht number of monMs to elapse prior to ~he d+te when wch ta¦es and
assessmenb shall become delinquent. Said s~ms shali be held by Mwty~qee m hus~ a vedited ro ehe principal of the loan, to paY s+id irowance, taaa. +nd
y asxssments snd shnl! be spplied on the payment rhereof wha+ due. Any exceaa heM in truat by Mortys.pe~ when said loan is paid in full shall b~ p~id to
g Mwt9syor, w his auigns, w personal representatives. In ~he evenr of • defi~H o? faecbsun: piGds~u'lwld in'tr~st m~Y be applied on ~ny costs of damayn
S s~,suimd in comection wieh the callecran of the note s:cwad her~by wMfher by su]t, fwactos~re, or orherwise. Nbrty~ges n+ay iram tirn~ to t]me at iri op
s tion wsive, and afte? any auch waiver. reinstate sny a all prwisioro hereof nquiriny suth oeposiri, by notice to Mortyaqw in writinq. Whil~ anY such w~iv~r
~ ~s in effect, Mortqsyw shall paY taaes, assessments and ~~swsnce premiu~ u he?ein dsewhera provided.
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~ 20. Mortqsqw shsll comph w~th tl+e p~ovisions of ~ny leau. if this mortgsqe is on s IeaseF~old. If ih~s mo~t9spe ~s on a condom~n~wn ~n~t. morey~yw shsH
~
~g perfo~m sll of mortgapor's obligat~ons u~der the declaration of condominiun a master deed, the bylaws and req~,lations oF tAe condom~nium pro~~ct and con-
~ st~~~ent docume~rs. Mortyaqw f~rfher covenants thst he snd rhe sssociatron rnP~a~ble fw ~he opera~~on of fl~e condom~n~um will obsave •II of ~M provis~o~s
~ of the sa+d decla~atio~, ~nd anr a:nendments N~ereto, and of the Condom~nium Iaw of the stete, snd wil~ perform sll obliqations thereul+der; and s(silwe to do
~ so which is not cvred within 30 daya after notice qiven by the mwtqagee to the 'nwt9+9« and rhe u~d assuiarion shall constitute s defsvlt vnder tius mw~9~9f•
Morty~w fvrther specifiully covenants, bot not by wsy of limitstioe, that he and che association will observe all of tF+e provis~ons of said dectara+~on of condo-
minium relating to ins~ysnce coverage.
" 21. Mortgagor further covenanri and ayrees that st the req+xst of Mortgaqee ro fur~~sh a standard term~te bo++d ~nswing sgainst damaye by ie(estation on
~ rhs bu~Id~ngs now a hereafter located on the mongaged Woperty, in such amounts and terms, and w~th such compa~y as apW~~d snd reQvired by Nortqs9es;
~ and in the event Mwtgs9or does not comply wi~h this covenant Mortgaqee shall have H+e same riqhts eo obtain same as ins~rs~ce coveraye ~nder covenarst
x ~3 hereof.
a
z 42. That in t!x evmt th~t this mw~gage ~s given to ucure a constrvction loan, fsil~n on ~he psrt of the Mortgaqor o~ the Matgsgw's contrxtu, srchitM,
~ enyinecn, or aub~contrsctws ~o comply wiM the terms of tM Cmstruction losn Agreement of ~ven date herewith, which is by reference incapwated herein, shall,
sr tM opt~on of tM Mortqayee, cw+st;tut~ a def~vh here~,nder.
43. If the mwty+q~d prrnis~s is otlwr th~n a one ro focx f~rnil~ dw~lliny, tM Mo?tya9or coveiunh and ~qrees t1+at he will, not I~ter thu~ thiAlr (30I d+Y~
~ ~her th~ ~nd of ~he fiual ysar, fum~sh ~nro the Assacistion • c«nplete and xcwste balance slret ~nd Wof~t ~nd Ioss sptement refl~ctirq tM AAortyayor's li~-
- 6917ti~s as wtll n profif and Iou fw the fisul yssr. Md sud~ balance shaet and pofit r~d tou statement shsll b~ prapand by a cartified pubtic ~ooame~nt li-
a~ cena~d in tFw Stat~ of Ftorida, and shall b~ c~rtiii~d u beiny correct by wd~ drtifi~d publit ~aounhnt.
~ - Boox239 PACE1815
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