HomeMy WebLinkAbout2763 S. 1e oM~w~r. caww~.~ a svltv ne wah. in~w+rwrn~ p dnv~on~an o1 •.~d o~ovM+r. a Mtt vue Nwwf. v~d wa? Mw fWlw~ d ~M awriiWv N?~ ~M
Ouild~ny~ on w~ wop~h iw qood cond~an ol rwW. N» Ma~yM wyy O~n~ ~?y i~vMd~~N r~o+~~ ol w~d brldio~ w~n 'v~a~ in N» ~ww~~u of NcwiiY. a
~ iwrw~duN rp~Yiw~M ol tM d~t I+er~bp ~cw~d ~nA N» f~ilw~ of N» Maty~pw a compFy w~d~ Nid d~~and o1 ~M Ma~p~yN fw • oKiod ef M~ny 1~0)
dh~b ~MII ca+uiwN • b~acA o1 ~ nwr~q~. ~nd. N tM op~~on e1 IM Maty~p». i~nnrd~Nb nNwn ~M ~n~in ~+wount el p~nc:M~ w+d inNra~ Iweby
~~cvr~d. ~nd I~p~ly ~nd aiHwu~ notic~. M~ ~W~YM n~ iroNwM orocMd~ w fw~clw~ M{~ inw~~q~ M+d ~pp1y fa ~M ppo~nrwwM ol • Ra~iv~r. N
Iw~in~/Ne pwid~d. . . :
0. lo patwm, coenply w~M ~nd' ~blde by ~acA ~nd wery pipv{~tion. ay~pm~n~, cond~:on snd cown~nt in eaid womiau+y rwh w~d de~d u~ fo~th.
7. In tM ~vMt 1M Iwiadiction of N» U. S. Di~nict Cour~ ~hall b~ inw?ed by w p~inu tli~ Mwp~pa „n~r ~nr o1 ~M pwi~ion~ of fM f~dn~l lank-
~upKy Ac~, such ~c~~on, wM~M. vol~,n~~.y w involvnruy on M» parl of ~M Mon9a9w. ~A~11 ~utom~t~ully, wi~faw no~ic~. ~cat~.ar~ tM mNwiry o/ ~11 wna
of moMy Mr~~n d~a~~b~d w+d wc~~~d, ud N» shall ~Mrwpon b~carr du~ ~nd paY?bM fo~thwid~ ~s f~lly if tM H~d pqrpaa w.m of maKy wN~
aip~n.~ly .np,l~nd a b~ w~d a+ wc1? da~..
e. To ddivN ro sa~d Mortqap~e. on a. b~fa~ AI4~ch lSth of ~ach y~ar. t~x ?KNPb fvid~ntiep My p~Ym~nt d~II I~WfYIN iRpOf~ t~~H IpI fM pfK~illp
ulendw yNr. ~nd W dNiw~ b wid MorfppN. nc~ipb widM~cinq th~ paymtnt of ~II I~~ns (a puElic impowm~nti wnAin niM1y (9p) d~ys ~ry~r th~ ~am~ shall
btcar» dw and wY~bl~. and b wY a diuMrq~ witAin nirwh (90) dayt ~fN? dw daN. w+y ~nd dl 9ove~~~nq1 lev~a M~~ m~y M mad~ on rM mwpaq~d
w~h. an tAis mortyp~ a nor~. « in any orhN waY nsvlr~np trom ~M AAa~p+w iml~bf~u Ncw~d by Mia mor?9+9r, and i/ Mis condi~ion k» no~ comr~~M
with a~d paforerxd, uId mwtpap~e maY paY such wm u ~ums which sA~tl b~com~ pa~~ ot th~ d~W wcw~d Sy ~his mw~p~q~. ~nd sMii b~~r in~KNt N th~ d~(wIt
~ar~ wovid~d ~n u~d praniuory eot~ wr~ble ~rwnN,ly „nnl pa~d w a~id Morqap» nwv ~lut that ~d morrp~y~ d~bt tMrwpon b~com~ dw and wY~ tath-
wilh. '
9. It is /vr~Mr cowtinad ~nd ~wNd bl~ uid o+~~iu ~Mf i~ M~ w~nt o1 ~~uit b~i~p iru~7M~d te for~clw~ Min ~nortq~q~. tA~ Mw~p~pM ~hall M~nri~bq ~o
+OOM „+~li 1ia» p~ndiny ~ud+ far~clo~u.~ wF~ ~e Nr court Mvle~y iwi~dictiaw M~rwl fa th~ ~ypoimew~+t of • nc~ivM of ~11 ~nd unp~IM N» aw~pped WppatY.
~nd d all tM ?~nb. Mcon~. Orofif~. iuwi ~nd rrv~nw~ /hw~ol. f~an wMhowM w~wc~ daiv~ds ~nd tM~~uoow it if MnAy ~ap~uM covtnan~ed and prNd
d+at Ny ewA ~MII iarN+wi~A appWrN ~ r~Iva of wid nwrtp~q~d w~h. dl and sinpu4r. ~+d ef sueA e~nn, ineaw~~, P•ofih, iuuy ind nv~nu~ M~wl. haw
wrMne~w? wwe~ dKivrd, wi~h tM ww1 oeMw~ ~nd dwiM d naiw~s fn liti uur, awd sueA ~ppo?nMw~n~ ~Mtl b~ n~ad~ bq aueh eou?1 a• nreb. d shiet riqM
b ~M Mortq~q~ iM succ~ssw~. Mq~l ~~wwM+utivw a~~Vrr. ~nd wiNaut nhr~nn w M~ ~d~owcy w in~d~qwcy ef M» v~lw d dw wow~H 1w~11 ~w?p~Y~d.
a to tM wlv~ncY a~Y ~ 1M Map~pw. w~d Nw~ sucfi r~n~, V~otiq, incow». iuws w~d awnuM ~Aall ~~pplied b~r w~d~ nCSivw ts ~M WY~~ ef 1M
~9~ ~s~. cwb w~d cAarv~i. aawdww b ~M erdw d wd~ wwt.
10. 1( •11 or any put of r!w proprry w~n intM„~ ther~in ~s wid w hans?wred by rewrgipor withow mortqayN's pra~ writr~ co~s~nt, escludinp th~
creat~on of a I~en w e~c~mbranc~ subordin~t~ ~o th~~ mwtqp~, (b) ~M aeafion of a puaMs~ mw~ey ~~cw~ty 'w+tere~t }w household appliu~ctt, (c) • t~anifK by
dwii~ or descenr, a by operatioe~ of taw upon the dea+h o/ • jo~nt tenant, w(d) M+~ q~ant oi amr kas~hoM ~nrereit of eMee y~an w less not con~aioi~q sn option
to pwcMse. mcvt~ye~ maY, st ~es opt~on, declu~ sll rM sums secvr~d by Mis mortqaye ro b~ Gnmad'ut~ly dw H+d payabh. N1w~y~yee alull h~w w~iv~d such
option ro acca~e~are if, prior ro rM sak a tranafe~, mwt9agaa and tM ptrson ro whom tM properly i~ to be sold a hanstened nach pre~ment in writinp
rhar tM cr~d'it o( such pk~on is satis(xtory ro MorpapN ~nd tMt tM in»reat payabls on Me ~ums secwcd by ~Ais mut~pa sMll be ~t such r~t~ aa Matp~ye~
ahall nquesf.
11. 11»~ ln M~ went ~M p~niwf Aw~by nartq~y~d, a ~ny put tAw~oi, aAdl ~ conde~d a~d r~t~n fw publie uN w~da ~M powp ol ~wwnNa Jowyin,
1M Morq~p~~ ~Aalt haw /M riqA/ a d~wwnd 1Aar all d~nyp~a awMded far tM takinQ of e~ da~s ro uid p~nish ~hal~ b paid to tM AllonppN up ro tM amaircf
IAln 1~PiiA 01~ Il~i~ w~qtp~q~ Md ~f Nn aW~a+ of ~h. N1o.rww~ T+r b~ +oo~i~d ucw+ rM wy~~+ lau wr•bl. ~M..on.
12. TM narlp.po. bnda h~e».N na a«~c+ o. a«nw~ ro b. ...cr.d .ny ~+.w b,~~dny. on ~M w~..s Iw~i~ wa.p.y.d a~o .dd a o. o«nrr w M•dded
ro aMr e/ tM ~aipinp iwprown~nh dMrra? a en~k~ ~ny eh~npM a ~Ih~~tioro in Nid ienprovNMnb whieh nrNrialM eMnp~ tM or ~M us~ tlwwl. w~~AwA
Nr wri»«+ eon~nt of ~M Mo.fp+9N, and in IM ewnr o1 ~nY viol~tion a stM~W ro vio1~N dws s~ipul~~ia~ tlr~ n+afp~p~ ~+d NI sunn ~~eur~d Mnby d+dl :eo-
nr6Nflp McpM du~ ind co11~MbN N NM OpfiOn ol tM Mo?lyp~~-
1~. U is w~cifiullp ~y?wd tlyt rinr is o~ tM es~+c~ of Mi~ comr~ct and Nwt ~o wai~rei of ~r cb~q~ran h«•w+d.r a o~ N+. ob~~w~;a+ s.cwed n..•br s~+au .nr
tiny b~ Mld to b~ • waiv~r of tF~ Nrem hv~of a oi fM ~rotrvmen~ sac~w~d hM~by-
1{. It fw~elaswa proeNdieqs of any Heond ~nwty~p~ a s~eond er~s~ dNd o. ~ny jun:or li~n ol aMr k:nd ahould b~ im~irvNd. tM Morepayw eeyr. a~ ~ts op?~on,
i~rurrdi~uly or Iha~aher d~cl~r~ this mwty~p~ and tM ind~M~dewss a~cwed Iw~by dw ~nd Wy~~h iwMwi~h, and n»Y ~t ib aP~:on Yvoceed to loncbu ~Aia
enortp~p~.
1S. io ttr ~~n~ 01 tM ind~b~dr»u ef tM Mor~q~pa b M» 1Morty~pN dnu~Md Mre:n or ucwed I~~by ~M Mor~p~pe~ is Mreby aubop~~~d so rM lien a
li~ns and to ~M riyha of ~M ownus ~nd holden M~wf of ~rcA ~nd w~ry inorryaq~ 1~ a od+er incwnbr~ on ~M I~nd d~uriMd her~i~ which is p~id ~ndla
•atisfi~d in wlwl~ or in pw~ ou1 0( ~M poce~ ot tM Iwn d~an~b~d Mr~in p s~cwed hMeby, ~nd ~M resp~ctiw liem o! aaid rnu~q~qes, liens a oNar ~nc~mb~nc~s
aMll b~ u~d tM. wr.~ and wd~ of th~m Aerebp i~ p~ser.ed ~nd sMtt p~i~ a~nd b~ MW by d:~ Mortp~qe~ Mnin as s~cw:ty fa ~M ~nd~bNdn~u to ~M Mw~y~qN
Mr~in deurib~d a her~by s~cw~d. a ~he sam~ este+n M~t it wautd Mn b~e~ pr~serwd a~d wadd hsve b~en paaa~~ w ~nd been MW by tM Mwtp~y~e Md if Ee~n
~+N +~d ~~pv~srhr as~pn~d. h~euf~rred, ut ovu and deliv~r~d ~,nro tlr Mw~gaqM by spuNt d~~d of naiprrnent ewew~tlurudiip tM fxt tMt tM s~nw m~y be
urisf~~d and cancNled of ncwd. it E~~rp t!r inaiu~on of eM pwties Aneto ~Mf th~ am~ w~tl Ee utisfiad ~nd t~nc~lld of recad by ~M Aoide+~ tM.eoi ~t a abou~
flf~ tirll~ O~ f1N fKp~fg O~ 1Fuf nW~tq~qf.
16. To paY ~II and sinqulx tM costs, chsryes snd e:penses, inctudi~q (ayvyer's fees, reasonably incwred a paid st any time by tM Mwtyrq~e, b~csuN ef
rhe f~ilwe of tM Mwtyaqw ro perform, comply with end ~b~de by exh and every the atipulatiora, ayreements, conditions. ~nd covenanh of uid promisaory
' noM and Mis daed, or ~itMr. ~ ~very sixh payme~t ahall be~r interest froen daN ~t t!w defsult nt~ ptovidsd in ~aid pomiasory ra1e.
17. VYh~n any an+o~wn of n~oerr b E~ Wid bY ~M Morq~yor ~o tM Mw~y~pN w~d~r 1M terms Mr~o1 sh~ll b~ in deiwlt. w shouW tFr Mwty~9or def~vh in
any of tly WI~ tsmn, provisipq w cond~tiom of this Monqp~, tMn and in thn us~ fhe Ma~yaye~ sh~ll Mv~ tM riqht, wi~out notice ~o Mr Morfpsyd. ro
col{ect ~nd rtc~iv~ irpn ~ery fee~nt or {es?M of a~id n+ortyaqed panis~s 1M renb, isiues snd polin of tM r~al tstab her~by mufq~p~d ~nd th~ i~nprovemenb
rMr~on. ~nd to piv~ pop~? ~~ceepn ad xqvin~nces ther~fw. ~nd ~ftar p~yirp •II commi~s~au of a~y r~nql pent colkcrirp ~M s~Te. u~d ~+r reasonsbq neorney's
I~ fNS ~nd othw neceuary ~ip~na~s incwnd in colbctinq aam~. ro spply tM proceeds of avcA colltct~ons upon any indebf~dnefs, obt~yation a li~biliry. of the
f Mortq~yor he~eund~r. TM riqht qr~nted the Morty~ye~ undei this parpripl~ sh~ll b~ in addition b. ~nd sh~ll not limit a reshict, anr oth~r riyAt or ~iyAb yranted
~ rh~ AAwtprye~ in tAis Ma~p~q~.
~
~ ld. If rM A6wtp~qon at th~ ti~ of inekirq ~his Mon9sp~ a subspwnt NKr~to uk~ an Iil~ insuranc~ dea~yre~~irq ~h~ Mw~yapN herein ~s Eeneficiary w~th ~
( ~u^D+~Y +Pwored Dy th~ Nbrt9+ye~ w~uiqns poliaea to tM Mortq~ye~ fa th~ purpou ot secwiny tM enptqp~ Iwn Aenbp secw~d, tMn th~ Mortp~pt~ ahall
E havc N+e ~iy~r a wr +~r a«~cwn .cvw~ w+a.. sa~d ooiK~.s. and ~II ~vms ao eapend~d shall b~ ~dded to and b~canr • w~t of tM p:~cipal indeMederss s~nwed
~ by ehis 1Mortp~y~ ~nd shall Et p~id by tM Mor~q~por to tM Mon9ayee in ~w~lv~ pwl cautcufive montMly inat~lt~rnb. IM first momAlp irot~lbnent to b~ paid q a
p~n of end in addition ~o tM monthly par~m dw unde~ thi~ Mwfp~q~ in ~M first ulendar ma+th folbwiny th~ tapa~d'inq of said sum. Such swes so tapended
ro 6ear ~nte~es~ tM r~a ~t whKh im~rn~ is p~y~bl~ ~pon said pincipal indebtednesa and tM li~n ol this Mortp~y~ ~hall ~ite~d b u~d secw~ th~ sums w eapended
~ogerMr with ~nNre~t ~h~rwn u Mr~a~fa~ pr~vided.
19. At mortq~yes's option, toq~tM~ with ~nd in ~ddition ro tM monthly P~yment of pincipal and iMerpt wYabb under the terms of tM noh stcur~d
her~by. Morr~gw sh~p p~Y ro Mwtyapk exh moneh until said not~ is f~lty p~id, orw-twelfth (I/12) of a sum pwt ro the annwl pneniwn dw fw fir~, eatended
~ coverape. ~nd Wher harard inwru+c~ includiny flood i~wranc~, coverinq the morlqsqed popaty. Plv~ taaq and assesseMnh n~:t due .on the mortq~ped properry
{sll ~s ~stimat~d by Mortyaq~e) leu all sums •4tady paid tMr~for, and ro be divHMd by tM number of months to el+ps~ piror to fM daN wMn such t~xes ~nd
~ aaseasmenb shall bcome d~lirp~ent. Said sums shafl M Mld by Mwtysyet ~n tnnt w aedited ro Nw principal of th~ {oan, eo p~y said insw~nct, qxa, snd
ass~sun~nts and sMll b~ sppliee! on tM payment N~ereol when d~e_ My •aceu held i~ trvit by N~wrq~q~ wlxn sa~d Iwn is paid in full sMll b~ p~id to
Mwtyapw, or his auiyns, p penonsl rprtsentatives. In ?h~ event of ~ d~fwb or fo~ec{osun, aa~d s~xns h~W in hust nry hs pp~ld ~n any cwts of d~m+~a
~ suatained in connectio~ with tM cdl~ctio~ of the not~ secured hereby wh~ther by wit, fonclosur~, a otherwise. Morty~qN may fran tin~ ro tima at its op
~ tion waive, ar+d after ~y such w~iwr, reinstat~ ~ny or aIl provisions Iwreof reqviring wch deposib, by no»ce to Morty~yo? in writinp. Whi{~ uiy wcfi w~ivtr
F h i~ ~ff~ct. Mort9a9w shall pay t~,~es, usessmenb snd irourance premiwro a Mrein Nsewhere provid~d. '
~ 20. Mortpaqor shall canply with the pwisions of snv leau, ii thia mortqpe is on • leaulwld. If rAis mat9a9e is on • condo~ninium unir, muty~qw iM11
~ perfwm all of mortyaqor's oblpations vnder th~ d~claration of condomini~wn w master dKd, rh~ by-laws snd req~lst~o~s of the condomini~m projKt ~~d cors-
~tituent doc~ments. Mat fvrther covenants that he and the a:socistion
~ yayor respons~ble fw the operar~o~ of tM condom~~~um will obstrve sll of rhe prwiiions
~ of tM said decl~r~tian. ~nd any smendmenrs tMreto. ~nd of rhe Condom~nivm Isw of tke ataN, and will per(am all obli9ationi thercvnder; and • fsil~re to do
~ sa wh:ch is not cw~d within 90 davs ~fter nat~ce 9iven br rhe mortgsqee to tAe mortyipw and the said associ~rion shall consriwn a d~favlt ~nder this maryay~.
Martyapw fwtMr spac~ficalty covenants. buf not by waY of Ifm~ution, ehst he and rhe ~ssociarion wili observe ~II of the provisions of uid d~clararion of condo-
z m~nium r~latirq to inwr~nce cw~r~ge.
~
¢ 21. Mwtqsyw furthe+ coven+nts and agrees that at the reWest of Mwtyaqee ro fwnish a stsnd~~d termite ba+J inswiep aqa~nst dam~ye by ~n/estation on
~ rh~ b~ildinqs now a haeaiter louted o~ the mortqaqed properN, in svch amovnts and terms, snd with such companY as a.~prov~d ~nd rp~ir~d by MortqayM; •
~ and in the event Mwtypor do~s not comply w~th this cavenant Mortg~yee shall f»ve Me same riyhts to ob4in same as ~rouru~ce cove~aye veder covenant
~ ~9 heraof_
~
~ 22. Th~~ in M,e av~.H rM~ this mwt is iven to s~cun + c«+struc~ion laan, (ailws on the p+n of rht Mw a
~ yaye 9 tq pot w ti~e Mwlqaga'~ conNxtot, srchiNCt,
~ eny~neers. o~ wb-contravon ro complY w~th tFie re~ms of rhe Consrr~a~on lo~n Ayreement of even date herewirh, which is by nferenc~ incwporat~d herein, shall,
~ sr tM option of rh~ Mwfqay~e, cons~irvN a defauh hKeunder.
23. If tM matp~y~d pr~mis~s K o~Fwr tMn • one ?o fax f~mily dwsllinp, eh~ Mony~qor cove~+anh M+d prMS that M will, not Itlw tMn tl+irfy (~O) d~ys
~ sh~r tM ~nd of /M fisul y~ar, fixntsh un~o tM bsociation s compt~» ~nd ~ccw~M bslsnc~ ~heef and p~ofit ~nd loss atatement r~(bctirg Mw Nbrty~qors li~-
~ bilitiM a well ~s pof'~t and loss for tM (iual yw. ~nd such balanc~ sheN and profit ~nd los qaanwn/ shall b~ ppand b~r • wrtifi~ publie aaou~t~nt li-
~ ca+wd i~ 1M St~p of Florid~. ~nd shall b~ c~rtifi~d u b~irq owstct by wch artifi~d public aocountant. _
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~ _ _ _ _ _ . - 600K PACf 7 ~ ~
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A ~k -
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