HomeMy WebLinkAbout2128 A To p~~Iai*. comaly w~d+ ~nd aad~ ~Y NcA u~d ~v~ry ,~t~pul~tion, ~yrKm~nr, condi~~on ~ad co»n~nr in ~~id pomu~ory rwN ~nd dwd ~N ta~h.
7. In N» ~v~n~ ~M ~w~idiceion oi Nw U. S. Diprict Cowt ~MII C~ invo?~d bY w~9+irot M» Mo~papw und~r ~nY ol ~M pw~~ions of fM hda~l lank-
n+p~c~r Act, sucA «~:p~, wM~hN wlwvap w inwlun~uY wi tM put of tM Moriq~~or. ~hatl automatiullr, without noric~. ~calN~n tM m~furity of ~11 ~wm
of ma~y fw~in d~~cr~E~d u~d wcw~d, ~nd tM um~ ~MU M~rwpon buom~ dw ~nd p~YabN IortAwi~h n tully ~ il rM MiII ~~f~OiN ~WM OI t~IOMY wN~
aiq~nNh a~p„lahd w b~ wtd on sucA d~n. '
To d~livw b Nid Mw~p~pN. on or b~ivn AA~rch ISM of ~ad~ yw. t~¦ nc~ipn wid~ncin9 ~M wym~nf of ~11 lawfully {enpo~ad qat~ fw tM pnc~d~nq
C~I~nd~I Y~M. M~d f0 d~liWl f0 N1d Mpr~9~~N. rKNPq WidMCielO tIM wrmNft o1 ~11 ti~na fo~ eu6lie iw~ninww..n~. ...:N.t~ ..:...r eoni .~_j~ _i.« c_:.x ::`:5'a
wcon» du~ and wYabN and b WY w di~cMrp~ w~thtn nimh day~ ~fn? dw d~t~. ~ny ud all 9ow~rrn~nql I~v~„ tM~ mar~~ m~N~ on tM narq~y~d
W~h. m Mi~ ~norqp~ a noN. a in ~ny oM~ war ~pul?inp from tM Mottq+w i+vMbt~dnNt wcw~d by M4 ma~9+9~s and if Mih condition b~ not corro~i~r1
with and p~rfanrd, uid matp~pN m~Y p+Y wd~ win o~ swm whicA ~hatl b~con~ put oi th~ d~b1 wcw~d b~r Mis n+orlqp~. and ~hall b~ar inta~Mt p ~M d~iwh
ran pwid~d in aid vraniswry noN wY~~M monddy vntil p~id a wid IlAonpapw nwy ~Nd tMt wid morr9+p~ d~W ~M?w+aon bcan~ dw r+d wY+bt~ fwtA-
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9. U b furtl+M ce+~mnNd ~nd ~wNd M ~aid wni~a N+N iw tM w~M e1 ~ tutt e«wq tw??:t.~d a brsclas Ma n+ortQtp~. tl~s Mxtpswi sl~tl Ea a+uitiai io
•ov~V s~ ++w *:+u+ p++~•~i i~cA londwun wN a d» cairt i?~vino iwisdktion M«~ef (o. NM ~opotn~~w~u o1 ~.~iv« of ~II «id sinpu4r N» nwrta~wd o?av~?h.
~nd OI ~M IIN nn~,. MKa~,. Orofib. iswN M~d t~v~nws tA~~0/. }?oe~ wANwww sourt~ d~riwdi ~nd IMr~eOee it if Mr~r ~ap~uh/ aewn~nf~d ~nd pr«d
dr1 IM twrt ~MII IorlAwilA appoNN ~ naivN e1 s~id rna?9~9~d ProVK+Y. dl ~nd i
Mprlr. ~nd o~ ~vd~ r~nb. inoowr~, yrofitt, ~uuM end ~~v+nw Mwno1. haw
wMqe~r ~eurp dwh~d. wi~A Mr u~w) oewv~ Md durir d r~c+iws is 1:k* e*u~j end ws4 saPe?nta~t drslf bs m+d~ hy aitR ww~ a a nw1+a oi ~niN ~iyh1
w dr Map~q~ Ms woew~a~. Ip~l rw?MM+afiw~ « usiyw~, r+d widww nfMM+es a N» ~dpwcr w in~a~+eY of ~M v~Iw of dy wao«h Mnby na~tp~q~d,
w b IM wlw~er p Mwlv~ 01 Ih~ Matp~pa. M~d IM~ suth nN. P?ofib. (ntow~. iawM ~nd ~~r«N~ aMll ~ poli~d 6~r wd~ nt~iv« b MN WY~+~ O1 IM
~q~Y~ Md~bNdnw. coab ~wd dwqN Koadiiq to 11w ordr e1 wd~ courf.
10. If ill w ~ny part of tM propMey w an inta~pl tl~~in is wW a truuiernd bY ~1~+Oa without nqrtpap»•a pior vinitMn eonf~nt, ~:dvdinp (y Nr
c?~a~ion of • lien or ~neumb~+c~ wbordin~q b Mis mwtpaq~. ls) M» «ption oi • purcAss~ mo.ny ucwiey inr~.„t Iw housd+old ~ppliancp. (c) • t~rqfN Sy
devis~ w deu~n~, a by opersrio~ of 4w ~pon tM d~aN~ o( • jo~ot Niwnt. a(d) ~ yrant of any kasehcld 7nter~st of thre~ ysus a I~s~ not cont~ioinp sn option
ro pwchas~. mwtyaqN m~Y. u~q op~~on. declus ~II tM sums ucur~d by tAis nwnqay~ b bs immed~at~ly due ~nd p~yabb. AAortq~y~e ~MII l.~w waiwd such
option to accelNat~ it, p~ia ro M» s~k w transiN. mor~p~qN and eh~ penon ~o who~n tht p~opNty is ro be sold w tr~~sfened r~ach aprNm~nt in writinp t
rh~t Me uedi~ of such p~.san is satiifxtory a MorqpN and Mat th~ intNes~ psyaEt~ oe~ tM swm s~cwed bp tAis mony~p~ shall be at such r~t~ u Mwtp~pN
shatl rpwst.
11. iM~ in d» ewnr dr v~w~isa Iwnby na~?p~q~d. ««w w~t d~rwl, sMll b~ ca+danrwd a+d t~k~n for oub~fe uw unda M~ Porw of ~min~ dowrin,
Nr Maq~N~ sMN Mv~ 1M ripM b d«w~ed 1Mt ~11 d~wwqq arrard~d for IM f~?inp o1 a dr~~~ b srd pwiaa ~MII b~ Wid b IfM Mwfp~y» uP b ~M «na+nt
N~«+ uip~Id on Nat ww+q~o~ ~nd ar M» uMion of Nr Mor~y~qN mw b~ ~po1Nd uow+ tM ara~s 1au pry~N Ma~on.
1=. 1M leerfq~por bindl hirM~lf no1 fo ~rKf p prw~if b b~ wKNd Mry w~w buildrq~ on Ma W~wisM lw~in ~afq~p~d M b ~dd b w p~nnif b b~ ~dd~d
b+nY e! IM ubtinY Lnpo~nM rnnon a iwlc~ sn~r dw~pM p~~tiaa in s~id impownwnh wAieh ~wNri~lly tJwq~ ~M s~ a ~M ua~ rlw~of, vwlhout
tM vrrifNn cau~nt o( ~M Matpp~~. and iw N» w~nt d+er vio4~an a ~ns~W ~o violah Mis ~tiwlqion thi~ mer~p~y~ a+d ~11 swns s~cund h~nby ~lull in?
~Y l~to~ dw ~nd colbetibb M N» aqioe ol /M AAotty~yN.
1~. U N w~ctf~ully prNd tl+N tiww ia oi ~M ~swnc~ of ~s connM and Mn no ~r~7~ oi ~ny ol:iy~tion Awwndw o. e1 N~ obGy~ion ~cur~d M.~by ~Mtl N an~r
b~ MId to b~ ~ waiv~r of fM Nrna 1~~oi a oi 1M ~roawn~nt rcvred AK~by.
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11. H for~dwur~ p~ocN6nos of arnr Ncond nwrty~p~ a Ncond tru?t dwd or ~ny juniw IiM of a~ry tind shouW E~ irotihrNd, tM A~orfw4ee +n~r. ~t ib aW~w~.
fmm~d~aNly or tlrrwhw d~clan M~ia nwnpp~ ~+d Ny ind~bNdiras s~cur~d Iw~M du~ r+d o~raN~ forN~witA and ~r n its option proce~d a tancbN ~Ms
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13. To 1M ~aM~r of My ind~bNdnp~ d tM Mortp~po? a ~M A1wt9aqe~ d~su~b~d Iwdn w~cw~d Aw~by N» Nbrty~y» is Mreby ~uboq~qd to tM li~n a
I~~ns and » tM riyhb of fM ow+rrs ~nd holdua Me?wf ot eacA and ~wry ~nortg~p~ lien w odrr incwnbrr+c~ on NN bnd dMniMd Mr~in wlrek i~ p~id ~nd/o~
a~tisfi~d in whoN or in part a+l d M~ Prur~ of tM Iwn d~scrib~d har~in « s~nx~d 1~~bY, and tM resp~ctivr li~m d said ~atppes. I~t~s a wAe~ inc~.nMwrces
sh~Il b~ ~nd ~M_ uRw ~nd wth d~w Atreby is ats~rwd and sMll p~aa ro and b~ heW DY tM Monp~qN lrnin u~sify fot dr ind~M~deru M tM Mort9~qN
Mr~in d~uriA~d a herebY }~cw~d, b rM ss~ ~¦knt Hw it wovld haw been p~serv~d ~nd wwdd luv~ Men ws~rJ w ~nd be~n Mld Ep ~M Mw~q~y~e had it been ~
d~ly ~nd rp~rlwy u~iqn~d, u~rufnr~d, wt ow ~d d~Gv~r~d una tM MorW+9~ M s~PM~N ded of essiqinwnt nWw;Maundinp tM iact tMt tM ~ryY b< i
urisfud ~nd c~nc~ll~d d ~~card it ~:no th~ inNnrion of M» p~rti~s l,KNO tM~ th~ sawr wtll b~ s~tofid u~d crwlkd of r~cad Dy Nw holden Maw} it a about
tM tin» of tM r~cpdny d tAis mortp~q~: ~
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16. To wY all ~nd sinpula? the cosri. cha?qea and ~~pena~s, includirp lnwyer's f~a, resaonably incwr~d a w~d ~t any time bp th~ Mertp~y~e, b~au~ ot }
rhe fsikrn of tM Mort~qw to periwm, cwnply with and abid~ Mi wch snd every the stipubYwm. prsem~nb, conditiau. ~nd cov~nan~s of wid pamia~wy
noee ~nd Mis dNJ, or ~i1Mr, and ev~ry wch phrm~nt ahall bsu intKest iroen d~» » t!N deiauM rsN povid~d in s~id ptamiaswy npp.
I 17. VMA~w arry ~ount oi womy b b~ v~d !'Y IM Morfy~qpr fo tA~ AAe.tp~p» w+der +M ta~ro Mrwf +MII b~ in de/wh, a should th~ Mort
any of tlr odw tarna, provisia+i w condtam d Mis 1Nortyay~. NMn and in ~h~~ c~~ rM M«t sAall Mw tM i W~ de(suN in
` 0+4~ pM, wiNaul notice ro tM Morty~9w, ro ~
~ collett ~nd rlniv~ f?an ~r Nn~nf w I~ssN oi s~id rnptpp~d p~p~i~y 11y r~nM, iuuls ~nd pofih of th~ nal ~sNN ke~~bp w~ortp~y~d a~d th~ inprpvenNny
M~raon. b 9M v~W~ ~~c~iqs ~nd acq~rin~nas tMr~fw, and ~iw payinq alt canm~si+om oi any r~ntal p~M cdls~tiny Mr u~. ~nd +rw rason+bb Nwrnep's
~ fees ~nd alrr neceiwy ~sPM+a~s incun~d in oolhctinq san», w apply tM Woceeds of such cotkctrom ~pon ~nY ind~M~dnp~. obtiyation a liabilihr, of tM
MwtWqw ht+ew~d~r. Th~ riqht qr~nqd tM Morty~pN und~~ this p~rpraph shall b:n add:t~on to and Jr1I nw liwit ar r~fnict,
I rh~ Mafp~q» :n this Monqay~. ~ aMr r:yht a ri9Ah pran~ed
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k le. If d» JNorppon ~t th~ tiw~ of mtkinp tAis Monyp~ a subs~qrwN th~r~ro r~k• ow I~f~ i~svranc~ daiqn~tiny th~ I?{orp~q~~ her~in p benefici~ry witA a
~ to~+oa~Y ~owov~d by ~M Mwfp~qe~ a nsiqia policih ~o th~ Ma~q~ye~ (a M~ purpoa~ oi aecwing fM mwtpay~ Iwn Mr~ secw~A, then th~ Mortq~ye~ sAall
~ have M» ripM ?u Wti +~1~ P~~ ~ocrv:ep undu said policies. and ~It swro so ~ap~nd~d sfull b~ add~d b~nd b~eony • W?~ of Nw Prine~Wl indeb~adey~s s~cw~d
by Mis Mo.?p~p~ ~nd ~I,~O b. pa;d b~r fM a fM Mw~
! Nlwfq~ya yape~ in tvwM ~owl conaecwiw wion~hl~r unutM~n~a, Y» fint monMly in~Nllm~nt to M~id ~a a
~ pan o( snd in ~ddition a H» nanM1Y wY~~ dw under this Mwtqaq~ in tM finr ule+~du ewnN~ followiny tM ~ap~nd~nq oi uid aww_ Sud~ suwn w~spend~d
ro besr .m~resr » dN r~» a~ which im~res~ :s qY~p1~ ~pon w;d p:nc;p~l ind~bt~dness and rM li~n of ih:s Mwty~y~ ~11 ~aund a and s~tyr~ the sum~ w eapended
~ foqetAer wilh tnMfpf IhM~on b hqNnb~1W~ pf4rid~d.
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i 19. Af mat9+~'~ aWip~. ~oy~tFw with and in addi»a~ ro the monthM P+Y~t of pinciWl u~d inNr~at WYable undei tM tMrro of tM nott a~cund
I hMeby. Murty~qo~ ~lytl pay to Mwtpg~~ ~ch month ~ntil said ~o» is fuly paid, orw-tw~Hth (1/1~ oi a wm sqwl a tM ~nnw{ prsmium du~ for firo, eat~nd~d
i ~ove?+ye, and aMr hanrd imurw~a includinp flood irau?anu, cwrrin9 the morpw~d P~~h, dw q:es and usessm~nb n~~t dw on the mo.ty+q~d woper?Y
f (aIl u~stim~t~d by MorppM) leas all suns abs~dy p~id Nwrefw, and a bt divided by tM rMwnbN of months b elaps~ prior ro jM dab 'm,Mn sucl~ tsx~s snd ~
~ auessm~na ahsll b~can~ dslinq~~nf. Said swns sh~ll b~ MW bp AIlorqsq» im m~t w vsdted ro Ms P.~nc~p.l of r1» Io~, to psy s~id irowu~u, taaa, and
~ easesunanb u~d ahall be appli~d an th~ psyrr~f th~nof wMn dut. My ~:cps h~ld in trtwt by Mw~pays~ wh~n ~aid ban q p~id in full ~II M p~id 10 '
` ~9+Oa, w his ass'ro~+, w persa++l rprp~nqtnr~s. In tM event of a d~f~uh or for~closun, ss~d suens held in trvst may b~ pplied on anY cosb of d~m~y~s ~
svstsimd in cwr»ction with th~ oollaction of tht nw~ wcvr~d Mr~by whetMr by wit, (or~ctoaun, or otlwwia~. Mortyaqc~ msy f~om tim~ ro time n its op
I f~on w~iv~, and ~ftar any such waiwr, reiroqN any or ~II p~arisioen Mnof nQUirinp wch deposiy, by rqticr ro
~s in tff~et Alortyapw shall pay p:ss. ~ssesam~nts and ierw~nw ~ writieg. Whil~ sny wd~ waivw .
pruniuiro as ha~in ds~wMre wovid~d. 'r~
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! 20. Mdtypw sh~ll camply with the pwisiwn of any I~nt, if this mwty~~ is on a k:sehold. If this ~owtyaq~ is an • cand'pndniwn unit, mo+tgayw ah~ll a~
' perfwm sll of morf9ago.'s obliyations ~nder the dec4rarion of condominiun or masrer deed, the bp.l~vrs ~nd reyulat~w~s u( the condomin~um proied u~d cp~-
st~~uem docwnanrs. Mortq~por fwther cw~n~nb that he snd th~ associstion responsible iw ~h~ operauon of tM condomin7~m will observe all of ths prwisiw~s •
of rhe s~id decbration, and any a.nendmen?s tMr~ro. and of the Condo.ninium law of the state, ud will pertum •II obliyations therew+der: ~nd • tail~n to do
so whith is not tvr~d within 3p dars after notice yiven by Me rnprtqa9te ro tM mwtpaqw and the said assotiation slqll comtihM s default vnder thia mwty~pe.
~ Mprtq~Of }yftlNf ~plCi{iC~lly coverwna, but not by w~y of limitarion, that M and rhe auoc:ation will obs~rv~ ~II of N+e poviiions of said d~clar~t~on of condo. ~
miniwn r!{arinp tp inwranc~ covN~ge.
21. Mwtyayor furtha~ covananb ~nd ~qrees thst ~t th~ requ~~t of Mwtys9ee to f~rn~sh .a srandard te~mite bord irourirg painst d~rnpe by inf~station on
rhe build~ now w hereafter located on the morqaycd property, io suct~ amounts snd tKms, and with wch companY as approvW ~nd ~eqvired by Moreq~q~;
and in tM eve~t Alb~tysyor do~s not comply wiM this co,renaM Mortgayee sh~ll have th~ same rights to obtain um~ as inswanu cwerpe w~der coven~nt
x3 Mrcof. ~
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That in tM ~wnt th~t tAis mortq~ge o piven to secure • constnxtion Ioan, t~ilw~ on tAe p~rt ot the Mortyager ar tM µwtypa's contr~cto~. uchit~ct, s
cnqinNrs, w s~b-conpMw~ Io compty wi~h tM te~ms of rhe Co~atnrction loan Ayreernenr of ~ven d~t~ herewiflr, which is by n(er~nc~ incorpor~t~d harein, shall, ~
at tM oPtion of tM AAortpaq~e, ca+stitut~ ~ dehvlf Fw~wider.
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23. If th~ enorty~qd pr«nis~s is o11~ tlw~ a oe» a fou? family dw~llirq, tM Mortq~yo? eav~nb and ~yrtei Nwt he will, not lat~r than 1hir1Y C~ d~Ys t
aA~r tM ad of 1he fisnl pwr, fwnisA unro th~ Associa~ion s complN~ and ~aur~te b~lancs sFwrf ~nd pafit ~nd bas st~tement nfbctinp th~ Matppor's lia-
b~t~ri~s a w~ll as p~of'n and lou fo~ tM fi~cal p~+~, and wd~ balrrc~ sMq ~nd p~ofit ~nd Iws cbNnrnt sh~ll M w~v+~~d M a c~rtifi~d w+b~k aooaintant li-
ce~sd ia 1!N ShM oi Florid~, and ahall b~ prfifi~d ~t b~inq oor~tt by futA qtlifiNd P~blk ~oOOUMSnt.
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