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ti. '1'o prifw~n, cauply with aud aLide by a~a6 and avery stipul~tloo. a8rceunrot. ~wKl~tioa uud wvc~~~t iu said p?auuwry notr ~wl deal
xt I~uth.
7. la !hc e~rnt tlie ~urixllctioa of die 1.~. S. District Court shall be in~~uked by oraga irst the I?tatba~or u~xlet suy of tl?c pro~~wa?s ot ths
h'rclcral ltankrupt~y Act. such action. v?:xthe~ votuntuy or iuvoluntnry aa thcp~ rt of the MortKagor. .l~all autanatically. wilhout ~aticr, ac~
.tidcrain tiir uwturity uf aU aw~~s oE iuor~• herc;,~ dcsc~t~ed a~xl xrured xrxi tbc sauie shal~ thrrcupon become dua wd payal,k fort!?with ~
as [ully as if the said agg~e~te swns of n~y wrrc origiuaUy stigul~tc~ to be pai~l on such date. `
S. 7o delivrr to aaid I?1ort;:a~ce, uw or befo~e \larch 15th of each year. ta~c rcceiptt evidrariug thepr
yweai of all lawfuUy iu~poacd tasat
for th~: Pnx~xl~u8 cYlendiu year, anJ to deli~~er to a~l M ee, ~cipts ~widenciug the prywent d al! lieas fw pub:ic impro~~meats within
ninetr (90) days after t6e same shall beoome
due aud ~and wpa
y or dtxharge widua oinec~? (90) d,~ys Jcer dua daca any and all
govereunental kvia tbat a~ay be m~de oa the mort=ayXe~p~o~erty, m Wjs matg,sge or aote, or ia aoy otlwr way resulting iran the Moct~Be
indebtedness aecurtd by this mat~age; and if tWs coadition be ool compLed wifb and perfo~ned. utd mostgagee msY WY suc6 sum ar swus
whicb shall becon~e put of the de~t ~cured bY ~~SR and shaU bear interest at tba de(ault rate p~ovided io s~d pranissory note j
pa)'abb inonthly w~Gl paid or sail i?lortg+utea mty elect tLat said mo~tgagu debt there+~poo becvme due and payabk forthwith.
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9. lt is further co~rcu~uted and a~eed by said patttnt tLat !n t6e eveut af a sutt beln,g ins:ituted to [oreclose ehis wo~tgagr, the Mortgagee
shaU be catitkd to app}y at any time pernling such for~clasure suit bo tLe oaut having jurisdiction thercaf for tLe appointmeat of a reoeive~ `
t
o[ all arxl au~gular the awrtga~cci! rty. andn~ al_l t:
c mnts. incomrs, profib. iss~xe and reveuues tberoof, from wd.~oever sourec ~kriveJ•
and thereupon it is hereby P~co~renantecl ~aci aFe~d that the caut shaU [o~thwitlt a skri ;
and singular. and of such rcnts. i PPant a recei~•e~ oE said mortgaged PropertY. al~ ~
profits; issues aad revenue thereaf. from wlwtsoev~er souroe de~ived. wtth the uswl po~wers u?d
du~s aE reoei~rrs in like cuses; ared su appoint~ne~t c~wll Im mad~• Ly s~ court as a matter of striM right to lhe I?tatAagee, its succaaon.
legal reprrseatati~~ or assigns, and without reEereace to the u:l~r~oacy or inadequecy of the value oE the property herebY ~S88~d. or to thr
SJI~•e~cy or iasolvency-of tl~e ilortgagor, arxl tlut such mat, rofiu, income, issues and re~rnues sliall be applircd by such receiver to the pay-
p N
nunt of the mertgaee indebtedac.~s, caats aad chuges, accoaiing to the order of suct~ aourt.
10. If sU or any pa~t of the prope~ty or an intcrest the~ein is wld or traasfernd by n~ortgagor without mort~agce's prior written conunt,
rxcluding ( a) the creation of a licn or encumbrance subordinate to this mort~a ge, ( b) the creatio~ oE a purch~se security interest for
housrlwkl appliances, ( c) a transfer by de~tisc or descent, o~ by opera tion of law uiwn the death oE a joiat tenant.~d ) the grant of any
le~ehokl inlerest of threc vcars or less nM containi??Q an option to purrhase, mortgagee may, at itsop
tiau. declare s11 the sums secured by ~
;his n?ortFa~e to be i~nmediately due Anc! payabk. :~tortRa~re shall tw~r w~aived such ~ptia~ to accelerate if, prSor to the sak or tra~ufer~ _
~nortlCaXee and tbe person to whom the property is to lw sokl ar transferred reach a~reement in writing that the credit of such peison u sat-
i.factory to Mo~tgaRee and that the interest pay,~ble oa~ tlie sums secured by this m«tgayee sha11 be at sach nte u ~?lort$agre shsll request.
1 l. 7~at in d~e e~rnt the pre~nises herel?y mottgagexl, or any part therrof, shall be eondemnctil anrl takea for public use under the pow~er
of Pa~inent domain, the \tortA:~~cr sha4 ha~r the flp,tl< <O tIP[i18f1(I ~I41~ dII d81I1d((CS awardetl for the takinR of or dawages to said premises
shall hr paid to the 11~ort~a~ee up to the amamt fhen unpaici oa this mortRa~e and at the optia~ flf lhe :ltortgaRee may bc appiied upoo -
th~• pay~nents last p3yabk theceon. '
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12. The mo~tRa~ gor binds himself not to erect or pennit tu bc ert~eted any new building,t on the premises hcrein ~nort~aK~YI or to add to i
or pe•~mit to lie added to any of the auisting imprmrmentt tliereao pr maLe any chan ges or alterations in said improvements which materialk
c•hanRe fhe vzme or the use thereof, without the writtro consrnt of the I?lortRagee, And in tbe event of any violation or attempt to violate thic ~
,tipulation thic mort~a~e and all suiru secured herehy sha11 imnxd;ately berwne due and coUectible at the optio~ of the ~tortgagee. ,
l.i. )t is sprciiically aRrt~l tlwt time is of ihe r~u~ncc of thit ca~trart and that no waiver of any d~liKadoo hereunder a of the abligatim t
.~~-unYl hcmh~• shall at am• timc hc held to he a waiver of the temu hemof or of tl~e iasttiment secured hercby. ;
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14. If fomcknure proceecliu~s of aay seroncl mort~a~e or seco~xl tn~st deed eK aay junior lien of any kind slwuki be institut«l, the I?Swt- ~
~ ua~cr may, at its optio~, inune~iately or thcreafter declare this ~nortgaRe and the indebtedness secureci hereby due and payahk forth~vith, and F
may at its option procccd to forecla~se this moitECaq~•_
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15. To the extent of thr IM~P~~~f(~M'SS oE thc• \forts~:~~or to thr ~inrt•~•i~ec described betein ar ~.,rcd herrby the \lortqagee is Lereby f
suhroeated to the lien or liens and to the riAhts of d~e owtixKS an~i holders t~ereoE of each and e~rry rnortAa~e lien or other irK.vmbrance on the ~
laud descrihed hercin which is ~aid su~d!or satisfied in whok or in pa.t out t?E the procrFds of iht loan descri}~d herein or secured hereby ~
arxi d.e resprctive liens af said nwrtga es, liens or other incurnbrancrs shall be ancl the same and each of them hereby is presf.ved and shal~ •
pa.ss to and he he41 by the ~ltorigaKee ~rein as sec~rity fo: the indebtedncss to the ModgaRee hentin described or_hereby secured, to the same s
rxtent that it N~auld havc becn presen~ed and wa~ld havr 1x,en passed to and been held by the Mortgagee had it been duly and reRulady
assi~i, transferred, set over and deli~•ered unto the ~foctgagm by separate deed of assigtunent notwithstanding tl~e fact that t6e same may }
be sati,fied and cancelkd of mrnrd. it bein~G the intentiao of the partiec hemto that the same wiD be satisfie~ and cancepee; of record bv the .
holders therrof at or about thc time of the reronlinK of this mortg,afie. " ;
16. To pay all and sin~,~ular the cadts, rharges an.l e~ensrs, incluclin~ I:.~~yer's fees, reaw~ably iacumed or paid at any tiu~e by the \iort- ±
ita~cr, bcrausc of the failure of the ~tortgacor to pe?form, c~nply with and abide by each and evrry the stipulations, agreeinents, conditions, f
, and co~rnants of said pranissnn• ~M1c and this d~rd, or either, ancl e~•ery such payment shall hrar interest from date at ihr default rate pro-
~ided is said promissorv nde.
17. V~?hen any amuunt of to bc paici by the \~ortgagor to the Mortgaqee under the terms hereoE sliall be in default,- or should the
~[urtAal[or clefauh in any of t~r tern~s, provicioiu or rn~ditionc of this Mortgaqe, then and in that case the 1?~ortgagee s6all have the
ri~ht, witha~t notiee to the ~iortKagor, to rnDect and recri~r from any ten~nt or kssee of said mostgaRed premises the rents~ iss~ies wd
profits of the real estate hereby ~nortRaRed and the imprrne~nents thrreon, and to 've rec~ei and a 'ttances therefor
K~ P Ws Mw , and after
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' pavinA all com~nissionc ~E any rental agent colkctin~ the sarx. ;nd an}• reasonabk attomey s fces and otl~er c~ecessary eipetises uicurnd 'm ~
I coflecting sa~ne. ta apply d~e p:oceeds of such colk~c.tians upon any indebtrdness, obligation or liability, of the Mortgagor hern~nder. The
rizht ~ranteci the MoTtqagee ~radPr this paraqraph-shall }x~ in addition to, and shall not limit or restrict, any other rip~t or riyJ~ts ttranted the
'i \tortLat;re in this ?1lortftaee.
18. If the ~fo~tcagars at the time of mal:in~ this ~tort;;a~c or subsequent t6ereto take out life insuraoce desigoating the I?iortgagct herein
l~enefiriaR• x~th a rnmpany appm~~ed by the ~tort¢atcee or amgns poliria to the Mort}Sagee for the purpose of securinR the uwrtgaRe ]oan
~ h~.rby srcured, tl~~ the ltortscaRee shail ha~-e the right to pay an~• prernium accnung under said policies and all sn~m so ezpended shal] be
addecl to ared l~ecane a part of the princ~i
1 ~ndebtedc~ess secure~l by this MortRage and shall be id b the Mort
;n t.arlvr.e~nal cor?se.~~ti~~e monthty installments, the first mon installment to be Y SaSor to the !liortgagee
dily paid u a part of and in additioo to L4t monthly pay~nent
duc urtder this \1ori~Cas~P in the first calerxlar ownth followinA thee~pend inq of said sum. Such svms so e~xsncied to bear interest at the rate
at which intenst ic "pa~•abk upoo said principal indebtPCinesc and the ]ien of thi~ MortRage sha1) eiteix~ to and secure the siuns so espenclea
to~ether with interest theman as hereinbefore provicled.
19. !tt mort¢aqee's option, to¢ether wit}:~ and in sddition to tbe monthlypa yment of rinc~pa] and intemst~a yabk under the terms oE the ~
iln<<' SPCUfEY~ IN'7PI/y', !1~artcatcor sl?a11pa to ~lortQaQce each month unNl said note is fu~y pa~id, one-twelfth (1/12) of a sumec~ual to the
annual preinium due for firc, eatended co~~eratLe, ancl athec harard insurance includinR fbod insurar~ce, cm•erin~ the mortQa ed pnoperty, ;
plus ta:rs and ascessments nc7t due on the mortgaged property (aD ac estimated by MortRascee) less all sums already paid t~or, and to lx
~li~i~led by the number a[ months tn elapse prinr to the date when such taaes and assessments shall beco~ne delirx~uent. Safd sums shaD be
hPld by MortRaQee~ i.e trust or crrdited to the principal of the loan, to pay said insnrance, taxes, ana a:~essments anci shail be applied on the
p:~>-ment thermf ahPn due. ~1nv Pxcess h~1d in tn~ct hy \irnt~aQe~ w-hen said loan is paid in full shall be paid to LtortRagor, or hic assiRns, ;
or percanal rrpresentatives. 1n the e~rnt of a default or forechm~m, said sums held in trutt may be applied on any oosts of clamages sustainecl
+n rnnnectioo with the collect:on of the rwte.~r+ired hPreby whether hy sait, foreclosnm, or otherwisr.. Mort~agee may fmm Hme tu time at
~ itc c?ption ~sai~r, arxl aEtPr any su~-h wai~er, reinstate any or all prm-isior~ hereof requirin~t st~eh deposits, by mtice to ~iortRal¢or in writinR_
<<'h~M ar:f s~~ch ~rai~•er ic in effrct. \fort¢a~or sha11 Ta~ taxec. acsessments and inturance premiutnt as herein elsewhere provided.
~ :'A. A~ortia¢or shall c~anply w~th the pm~~~ions of anv k~asc, if this mortgaRe is on a leasehokl. If this mortRaRe is o~ a rnndomininm unit,
rn~rtRaqor shall prrforrn al) of mortKagors obliRations uncler the de~claraNon of condominium or mazter deed, the by-jaws arxl refnJaticns of
~ thr corxlominium project and constituent documents_ \tort~;s~;.~r further co~~enants that he and the atso..-iation responcible for the operatifln
c. the rnndisminium w11 ohcerve all of the provisions of the saicl declaration, and sny amendments thereto, and of the C,ondonunium law of
~ th~ state, and wi11 perform all obligations thereurxler and a failure to do so which is not cured within ?A days after nutice given by the Mort- •
~ ea¢f•e t~ fhe nx~rtQaR~r an~l t}u~ ~~ii! acsoeiation shall constifute a defauk wder this mortRaRe. 1liort~{aKor further specifically euvenants, bat not
~ h~• way oi Iimitation. that he~ and the acsociation will olnen~e aIl of the provuions af said declaration of rnnclomini~~~rs mlatin~ to i~~~ranee ~
c mrraqe. ~ :
~ 21. \tortECa~or furtl~er covenantc and attrees t:~at at the request of Atortttagbe to fumish a standard tennite bond insurinR aqainst damage
1~.~ infestation on tl~e lwildinqs now qr hercafter located on the matgaged Property, in sud~ amounts and terms. ~nd with such compam as ~ni .
apprm~e~t1 and rer~nired hy ~tortstaq~ee; and in d~e ~~ent ~iortQa~or dces not comply with this covenant Mort~,,:Rte shall ha.~e thr same rifthts
tn ohtain sanx u insurance cm~eraRe iu~der covenant ~3 6ereoE. ~
•l..". That in lhe event that ihis mortRa~e is ;ci~en lo sec»re a constnution loan, failure on t}~e part of the ~fortKaQor or d~^ 1lorigaqors m
controctor, arehiteet, enp,irx~ers, or sul?-contraMors to oomply with the terms of the Constroctiore i.oan ARreemrnt ~ even datr h..rewith,
.z•hich is b} reEeren.r incrnpnrated herein, shaU, at tbe option of the Matgagee, co~utit~~te a de(sult hereunder.
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~3. If thr mortKaqed premises ~s other than a one to fa~r famih dwcllinA, the Mort~Caqor cmenants and aqrces that hc will, not later
E ::~ar d~i r t y i
0) days a hc~ t h e ~ x
l o
f t h e fi s
c
a) year h~mis
h ~mto t hc Associatian a com p
i e tr a n d accurate balar?re sheet arxl pmfit and l~s
~ ~tat~rne.mt ref~ectinR the \lortstagori liab~lities as wel~ as profit and loss for the fiscal year, aud such balance sheet and p:olit and loss state-
~ mrnt shaD be prcpa r
e c
l b
y a oerti f
i e
d pu
b
l i c acco~mtant l i
c
e
r
~
s
e d in t
he State o
E F
l o
r i d a, a t d s
h a ll be certified as heinR cortecY by s~icfi cesti- ~
i fied p~:blic accountaM.
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