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Home My WebLink About0789 t3. 'Co perform, cauply with ind abidr by e~~ch and overy ttipulatba~ agree~oeat. cwnlitwa anu cutrnan! ln saiJ prou~wory uote uwl deeal set• forth. 7. In the evrut Uw juriuliclia~ oi Iba U. S. Dist~ict C:ourt du11 be invoiccal by ot a~a iust tbe Morigago~ uuda~ any of the provuiau ot tbs hivl~•rwl Bankruptcy A~i, such oction, whrtlx~ woluntary or involuntary oa thcpa rt of the Mortgagor, s1~aU autauaticaUy, without notice, aa cYlrrate tho uwturity of aU swns of nwney hcrein Jrscritx~d atKl sucured aad We ume aha11 U~reupoo becouie due arKl payabk (otthwith as tully as if the said ~ggrcgate aw~u of nwney werc originaUy stipulatet~ to be Qakl oa ~uch date. e K. To deli~•er to sa&1 Maigagoe o0 0~ I,e[ore ~tarch 1Sth oE each ye~r, tu rocYipts evideacin~ thopayu~cnt of aU lawEully tu~posal tue» tw the precY~ling cekrnlar year. anc~ to deliver to saicl Mo~t ~ gee~ receipts eviclenci~~g the paymeat of a11 Uew Eor pubUc Luprovn~~nts withiu nlart~~ (~o) Jays a~ce~ ~he same :haU b«on,e duc a,d wnl~e, ~nc1 topa y or diuharge within ainety (90) days Jter due date, any and ap Rovenuncntal levies tha! may be n~ade on tbe mortgaged Ptope~ty. on thls mo~tgage or note, or in aay other way raulting from tl~e Mortgage ' irnlrbt~dnrss securcd by thls~w~tg~8e: aod U tlw eaditfan be not eom wit6 ~nd pedormed. said awrtgagee maY WY such sum w~rns whic6 s6a11 becaae paR oE the debt socured by tWs mo~t~a~e. aad tLap ~ interat at t6e defoWt nte provkkd in ~id promissory ~wte Pa)'able aanthly unt~l paid or said Maigagee m~y ekct t6at aId mort8~8e debt tLereupon becoaie due and payable [aMwith. 1t is (urther cmrnanc«! and attreed by satd partks that in t6e event d~ suit beiog instituted to foreciose thls nwrt shaU be entidetil to nPFly at any W~~e ncliu}~ such famclesure suft to lM coud bavin BaBe, the Mortga~rr of sU und singulu the mori~c~le ~ 8 ju~isdiction thereof for d~e appoiohncot o[ a receiver anci thereu it is brreb e r"i"~Y• aud of ~U tl~e rents, inc~onx•~, ProEft~, iuues aad revrauas thereof. fmm whatscevec souroe deriveci• P~ Y xP~Y rovcns~otcd ancl agrrid lhat the caut shaU fathwith appoint a rocei~•er af wkl mortKagal P~~Y. ~ and sin~ular, nncl of stich rrnts, irK~oums. pmfits, issuca suNl ~~e~ue theceof. from wbatsoever ~urea dc~ivod, with thc usual powers arxl duti~~s uf recrivers in lik~ cases: a~xl such sppoint~nent shaU 1~ made by such court as • m,ner of seriM rtRhc ca ehe MonRaAee. its successurs~ lcga! repn~sentativGS or assigns, and without reEercnc~e to the adeqw~y or iwdequacy of 1he va]ue of the prope~ty I~ercbY mortgaged. or to the sol~•e yor insol~rncy ~ the 111ortRagor. and that such ront. pmfits. inc«ne. issues and nweaues shall be applied by such rcceiver to t6e WY- mcnt oE the mortRat~e fnJeMedness. costs aad clyrga, ~ooordina to the ader of ~ch oourt. 10. lf all w any part of the property or an iotere~t tLeiein ~ soW or transferred by mortgagor without mortgagee's p~ia written rnrurnt, rxclud~inx ( a) U~c creetion of a lien a encwnbranee snbordiaate to this mort~age. ( b) the~ creatlon of a purct~asa mo~ey secudty intcrest for household appliaaas, ( c) a trander by devise or descent, or by opentian ~ law upon the death of a joint tenant, or ( d) the gant of any lwe6old incerac of t6reeyeus or less na oa,taining ao opcion copu rch.,e, matgagr~e may. ac ttsoptI dect.re all the suws senired by this mo~tgage ~o be immediately due aod payabb. Mortgaqee shall bave w~aived sncb optiaa to aooelerat~e if ~8~8~ ~d d~e pei~on to whom tLe property is w be wld or traat[erred re~ agreem~t in writiog that t~e~cicdit such peRan is s~t- isfactory to Mortga~gee and tbat tLe inte~t payabb ao tbe smm secured by thli mortgage shaU be at a~ch rate ~ Mort~Bec shall ~uest. 11. 77iat in the erent 16e Pcemises be~ebr mottga8ed. or any pa~t thc~eof. shal! be ooodemned and eakea fo~ public use under the power of emtneot danain, ibe Mortgagee shall have the ~ght to demand that all dam~ges awuded for the tal~dng af or damaga to said premisa ~wll be paid to tho Mortgagee up to the aawunt thea unpaid on this mortgage aud ~t tbe optlan of tLe Matgagee may be aPPlied uPou the WYments last Wyable t6e~eoa p u 12. 17~e mortgwgo~ binds Limcelf not to erect or permit to be erected any cew buildings m tbe premises herein mortgaged or to add to or permit to be addal to xny of tbe e~sting improvanents theieon ar make any c6sn~e~ or alteraHatu in saici imprwe~nertts which materially change the same or the use theroof, without tbe written coiuent oE the Mortgagee, an in the eveut ~ any violatiou o~ attempt to vio4te this stipulation this mortRa~e and all swns secured tureby :hatl imme~liately become dne and caUectibk at the optian of the Matgagoe. 13. lt is specifically aRreecl that Hme is of t6e estenee of this eontract aud that ta waiver of any ot?ligation hereunder or of the obligatioo , secured hereby shall at any time be hcld to be a waiver of the temu hereof or of the tastrument secured hereby. . ~ I 14. If foreciosure pro~reciin~s of any second moirtKagc or seconcj trust deetl or aoy j~mtor lien of any kind shoukl be iastituted, the !~tort- f ga~ce may, at its option, imcnediately or thereafter dedare this mortttage and tbe indebtedness secured hereby due and payable forthwith, and may at its option prorced to forecloae this mortqa~e. 15. To the estent of the indebtedness of the Atortgaxw to the !1tortQagee ~ksrribed herein or secured hereby the ~fortsCagce is hrreby subro~atecl to the lien or liens aad to the riRhts of the owcen and holJen thereof of each and every nartAa ge lien or other incumbrance on the ' lanci descri}xd 6ereia vrhich is paid and/or satisfied in whole or in part out of the procecds of the loan descrilxd herein or secured h~reby u 'i ancl the respective liens of said mortga es, lieiu or other incumbrancrs shall be and the aame aad each of them hereby is preserved and s}~ j pass to and be held by t~e Alortga¢ee erein az security (or the inJebtedness to the Mortga~ee herein described or hereby securecl, to the same ~ exteat that it would ha~ + becn preserved and wouW }wve bcen d to and bccn held by the Mort~agee had it been duly ancl rcAularly AaiRnecl, transferred, se ov~e~ and delivered unto the Mortgagee b~y separate deed of assignment nohvithstanding the fact that the same may be satisfied and rsncel~.ed of reconl, it bein~ the intention of the parties hereto that the same will be satidied aad cancelleci of record by the ! holders thereof at or about the time of the reoording of tht~ mortgage. i ~ 18. To pay all and sinRular the costs, charges and espenses, iaduding lawyer's fees, reasonably incurted or paid at aay time by the Mort• ~ Qaaec, berause of the failure of tbe Atortqa~tor to perform, complY with ancJ ab?de by each and every the stipulatioas, aAreemcnts, conditiom, i encl eo~rnants of said promissory notr and thts deecl, or either, ancl e~rry sueh payment shall bear interest from date at the default rate pro- ~ided in said promissory note. i . 1T. When an~ amrn~nt ofm~y to be paid by tbe Mortga~or to the MortgaRee under the temu hereof shall be in default, or shouki the 1lfortgagor clefault in any of the other ternu, provi~ions or conJitions of this MortgaRe, then and in that case the AtortRagee shall ha~•e the i riQht, wilhout notice to thr ~tort~aqor, to rnlkrt and recri~~e from any tenant or lcssee of said mortRaQed premises the rents, iuucs and profits of the rral estate hereby mortRaged end the impro~~ements thereon, anci to Rive pro~er receipts and ac~uittancrs themfor, arxl after ; pavinR all commissions of any renta) aRent collectinR thr same, and any reasonabk attomeys Eees sixl other neceuary e:penses incurred in ~ callectinA same, to apply the proce.~ecls of such colleciio~s upa~ anv indebteclne~s, obligation or liahility, of th~ !liortRagor hereur?der. The ri~ht Rranteel the MortECagee under thic paraRraph shall he in ad~itwn to, and shal) not Ilmit or restrict, any other rifiht or ri~hts Rranteci thr ~ ~iortytaqee in this 1liortqaRe. ~ lA. lE the ~tort?;~~ors at th~ tirrn• of makin~{ this \tort~,a~;c or suhs_ uent theretn take out life irourance desiqnatin~ the \toriea~~• h~rein ~ ~ic tr•nefician• ~a•ith a rnmpany approvrd bv the rtorteasCer or acsi~nc p~~~cics to Ihe I?1ortRagee for the p~irjwse of securin~ the mortuac~ Men . i h~n•b}• ser~~rrYl, then the Ato:tgasc~~e shall have thc riKht to pay anv pmmium accming under said policies, arxi all sums so expend~~d shal) !~e addecl to anc! lxrome a part of the prinnpa1 indchtniness secure~ by this A1ort¢aR~ And shall be p-rid by the »ortlqa[or to the \tort~aQcr in twrh•r e~ na) consecuti~~e monthly installments, the first nwnthly installment to he paid as a part of and in addition to the monthly pay?nent dur urulcr ~is biortRa~c in the first calPrnlar month following thc e:pendin of said sum. Such scims so e:pencird to bcar interect at the rate ~ at whirh interest is pa}•abk npa~ said principal indPbtPClness an~) th~ lien ~this Alortqa~e shall eztend to and secnre the s~uns so e=pended ~ torether with interest thereon at hereinbr{ore pro~ided. ~ 19. At mortfr,aAee's aQtion, together with and in addition to tbe monthlypa yment of rincipal ancl interestpa yable unde~ thc terms of the ' notP secural hereLy, ~fortttattor shall pay to ~1ort~aRcr Pach nwnth ~mtil said note is fu paid, one-twelfth (1/12) of a sumc~ nal to the f annual premium due for (irr, rztPnded cmrnge, and other hazard insurance includinA ood insurance, cm•erinA thc mortgaRecl property, ~ plas taies and asse~ts neut due on the mortQaged property (aII as estimated hy AlortfiaQee) lesi all s~nu alrrady paid therefor. and to he ! di~~ded by the numlx~r of months to elapse prior to the date when such t~es and asscssn?ents shall become delinquent. Said sums shall be ` h~ld by 1lfortqaRee in trust or credited to the principal of the laan, to pay said insurance, tues, and assessments and shaD be applied on the payment thereof w6en doe. My ~cess held in tnut by MortgaRee whrn said {oan is paid ia full shall be pstid to MortRaRor, or his usigm. or personal rcpresentatives. In the event of a default a foreclosure, said sums held in trust may be applied on any costs of damagcs suctained I connectim with the rnllectian of the note secu*ed herel?y whether by s~It forerlos~~re, or otherwise. Mortp,agee msy from time to timc at- itiopt ion waive, and aker ury such waiver. reimtate any or all prmdsiau ~ertof requirinR such deposits, hy notice to !1lortgaqor in wriHng. ~Vhiie any s~uh waiver u in eKert, MortKaRor shall pay taxe~, assessmmts and iraurance premiums as hercin els~vhere provided. 20. I?fort~ga~~or shall complv with the ~rmisions of any leasr, if this mortAaqe is on a leaseboid_ If Ihii mortgage ti on a coodominiumu~~ mortQaAor shall pcrform all o~ mortRaQors obllgations under the declaration of condomiafum or master deed, the by-laws and reRulatioas of the condominium project aud rnnstituent documents. NortKaAor further cm~enants that he and the associaNonrapo ns~~le for the aperation ef the condominium will ohserve all of the provisions of the said declaration, and aay amer~dments thereto, and of the Coodominium law of ihe state, anci will pedorm aA obliRations thereundrr• and a failure to do so which is not eared within 30 days after ~atice p,tven by the Mort_ zaqee to the mortp,aaor and the said association s6a11 constitute a dcfault under this mortga MortKaaor fi,r~her spec;Rcatly cove,,,.,ts, but not a by way oE limitation, that he and ihe association will obsern aD of the provbiont of sa dedandon of condomtnium relatinR to insurance covenge. 21. Mortgagor (urther cavenants and attrees that at the request of MortAagee to fumish a standard termite bood insuring a~u ast damaRe hy Westation on the bniWin~s am~v or hereaftet bcated oa tl~e mort6~t~ P*~Pe*tY. in suc6 aoaunts and teRns, ard with such company as gDProveci and reqiiired by I1iortKaB'x: and in the e~•ent Mortqagor does not comply wlth thts covenant MortKeKee shall have the same righb , to obtain aame as insunnce oovenRe uader oovenaM lt3 bereof. - 22. Thst in the event that this mortRage is given to serure a constn~cUon 1o~n failure on thepa~ d the MortqaRor or tbe MorcAaqor's contractor. architect. enKinee~s. or sub-contractors to comply with the tenns of t~e Constr~xtion Laan t~ even Jate herewitb, ~vhich is by rcferrnce irx~orporated herein, shall, at the optton ef the 1liortECagee, c~?stitute a delanlt henhu1 4.3. if tF?r mortRa~ec1 pmmises is oti~er thnn a oner to (our family dw~cllinA, the A1ortgaRor co~~enants and aqrecs that he will, not L-der than thirly (30) days a(ter the end of the fi.sca) y~•ar, furnlsh unto the .4zsociaticx~ a compiete and accunte lalance sheet arwl pmfit and loas staternrnt mflectint~ thP ~iortKaQor's liabilities u a•el) as profit and loss for the fisca) year, ancl sueh balanre sheet ancl profit ancl locs atate- rrH•nt shall be prrpared by a certifiMl poblic acconntant licensed in the Stat~ of FbrZda~ ~ shall be cettified as beinA correct by snch crrti- rZ finl pnblic sccamtant. dOOK~~ 'j~~ ~ ~taE ~ : ~ . _ . 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