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Home My WebLink About0985 . , • t _ ~ cf~ • incoma, proAts, iiwts ond r~v~nws or~ Mr~by nwrtpo~td os if sp~tifitollp s~t forM ond d~stribed in N+~ O~ontino ond hob~ndwn . dovs~s Mr~of, ond wcA nc~iv~r sFwll hov~ ol! 1h~ b~ood and ~ff~ctiv~ fu~ctipq ond pow~~s in oey wis~ t~tnnf~d. by o court to a r~e~iv~r, ond wd~ oppow~fen~+N tlwll b~ nadt br wel~ ooun os on od~nilttd pu~tp oed o nwfl~r of obsolutt ~+p~N in IM MoNOoo~~. . ond wiMout nf~r~na to ih~ ad~quoc~r o~ inadequoc~r of Mt' volw of Nw prop~rtp n~onqop~d, or ~o MN sotv~r or inah~r of rh~ Mo~Qopw ond/or IM d~f~ndanl ond wch ~~~n. Profib. ieKOm~. issuei e~d ~eva~ws sholl bt appli~d br IM r~e~ivsr oeoordin0 to 1M li~n ond/ot ~quitp of Mn nwApa9s ond M~ prodit~ of uxfi covN, o~d wch oppantment of ~Ktivf/ fhall b~ wi1F~0Yt nQfiC~ , to onr obli9o~ Mnundtr. ' ~ NWTH: TM Mo~ipopo~ M?eby waiv~s oll ~i~hts of homtsltad ond ~xeinption 9romed bY the Constiwtan ond lows of Florida. h is speciAwllr apr~d tho~ tir~ is of 1M essence in Mis controct ond that no woiver br ~he Mortpoqe~ of anr oblipotion • her~w+der or of fM oblipotion s~tur~d h~r~br sAall ot ony time IMr~aft~r b~ held to be o woive~ of Ih~ Nrtns I+treof o? of th~ ~ obliyation s~cv~~d h~~~br. TENTH: Upon ony wte, tronsfer or conveya~ce of tF+e p.operty he~e~~ desc.ibed ond cavend by this Mat~ope to ony ~ Person, ferm or cwiporotion, whose uedit-worthiness hos not been opprovcd i~ w.itug by the holde. of this Mort~o~e, the AAat~ope~ ' o. holder sholl ho~e the riqht, ot its sde oMion, to occekrote the motwitp of Mis Mortqo9e os thaqh it were due ond poyoble on the doy of such tro~sfer, if upon nofice of soid tror+sfe~, the AAo.tqo~ee a i+olde. hos pood reoson to believe thot the security of the Mo~t~o~ or holder hos beer+ Fwni+ed « pbced i~ jeopordy. The 6o~k sholl receive o compkte cu..ent finonciol stote- ~ ment in o form ond presentotion setisfoctory to the Bonk. • - i i. QEV9dTH: If forecbsur~ proceedinps of ony second mo~t~o9e w seca+d trust deed or any ju~wor lien of onr ki~d should # be i~stitut~d, the Mort~a~e~ nwy. at its optia+ immediatel~? or thereafter declore fiis mortgc9e ond the indebtedness secured = harebr dw and payobl~. ~ . TWaFTH: That in tM ~veM fh~ p~emises her~br nwrt~aqed. anr pa~t themof. ~hall be condemned 6nd take~ fo~ public vse w~der the pow~r of eminent domoin, N~ Mortqogee shall hove fhc righ~ to denand that aN donw~es awarded for the takin~ of or domapes to ~id pnnuses shall be poid to fhe Mortyopee, up Io 1he amount fhen unpoid on HNS enortpaqe ond Ihe obli~otion secured h~~ebr o~d may be appli~d upon the pormN+ts losf p~yobl~ under this ~nortQage aed Ihe obliqation secvred herebr. THIRTEENTH: Thot irotollm~eWs. Parable uod~r 1he t~?ms henof and rhe note setwed herebr. not paid when dw, slwll be subjact, ah~r Aheen (i3) dops froni Me dw dot~ thKeof, to, and it is aqreod M«t~aqe~ siwM oollect thereon ond M~erewith, o_ "late chor~e" in IM amowM of four per ceM (4~) of IM ie~stollment dw upoe~ each w~di delinqueM i~tollment, a~d su~h "bte char~ei' are sea?r~d by Ih~ IiM htnof. ~ FOURTffNTH: WiMwut impoiri~p tha obliqo?ions of Mwt~a~ oontained in para~~ophs SECOND. THHtD and FOURTH - hereof, cnd for opplitation to 1M purpos~s Ih~r~of iroofar as th~ san~ sholl be w!f'iaMt, Mortpopor shoN, in addition b ths t^~^~ PoY~~ of printipol and iM~resf as stated in the ori~ina) note (and in 1he noh or notes s~cured hereby~ provided b b• made, paY o rnoMhlr wm and amoa+t ~qual to one-twelhh 11/12) of the estinwted o~rNwl taxes, osses:nients ond inwroece p?emiums upon 1he r~al ~sfat~ sewrify, as th~ omow+t. thereof is datermined fro~n time to time br the Mort~opee. HFTEBdTH: That fhe Mortpapor sholl fumish annuollr, ot the requesl of the Mo~t~a~ee, Rnonaial :tatemenls ie forn~ and cen~fied in o nwr~r sofisfoctory to the Mo?t9ape~. • i 51)RE~TH: This nwrtpo9~ olso s~wres anr and aU renewak and exte~sions of the promissory note referred to herein ond ; secured he~ebr, a~d all instalbn~Ms Mareof, and also aMr ofhe~ notes whid~ hore beee or mor be ~ivee ro the Mort~aQee br the ~ E Mort~o~or, ond any Wher indebtedn~ss of the Nkort~a9o? to the Mort~aqee whicty however, sholl not exceed ot arry one time ~ ~ rhe a~pre~ote unpaid prinapol s~sm of - ~ - ~ 4 ~ - ~~~w~~~~~ . # -FORTY FOUR THOUSAND AND NO 100------- =-~bn ~s 44~ 000. 00 ~t b~i~p fM sp~tific iMantion fhat furN~er odvonces mor be made br the Mortyayee ot its option b ~he Nlwtqoyor, either prior to, ~ or ofter the dw dotes of tM obove ref~ed to pranis~r note herebr secwedj end this nw~t~aqe is yiven for the specifk ; ~ purpose of s~curinp am? ond all ind~btedness by ~he Mortqapor 1o ihe Mort~aqee in whotevK nanner Me some mor be evi- slenc~d o? repres~nted. until NNS nart~a~e is satisfied of raaord: and oU oove~onls ond a9roe~nenrs contaw~ed in Nrs mort~oye sholl be opplicobb fo oll furthtr and futw• ad~o„ces nwd• by n+e M«roo~ee a~he ~«r9oyo. o~d oll oN+er adebtedness of ~ Mart~a~or to H~ MorfpaqN, and oer and all r~ntwols or extensions ther~of. ~ SEVENI~1'e: [rbrt9ac~or expressly agrees to aomply with eaeh and every prvvision of ~ ~ the Declaratiba~ of (bndomini~n o~ ttr aordoiainiua af whic~ the instant unit is a part. ~ Tt~is incluc7es the p~ovisions of the Articles of Inoorpocatian of the oondominiun associatian, ; together with the pravisia~s of the aondo~ini~ association's ~y-Iaws, ar~d includes, if ~ applicable, the provisions of the Long ~eYn Le~se (if any) arW tbe prryvisions of the ~ Manaqe~oent Aqreement ( if any In the event of default an the part- a~ lbrt~gagoe in ar~y ~ one ar mare of the pravisions of the afaresaid Agreements. Mo~rt~qagee may, at lbrtgagee's ~ sole aption, declare the default of any of the aforesaid Aqreesaents mentiened in this ~ instant Article, to be a default.under t2~ p~cqvisians of this instant Mrnrtgage, arad may ~ further, at lbrbqagee's sole q~tion, ac~elerabe the incjebtedness due hereunaer, declare the ~ entire indebt~edness due and payable in full and/ar seek juilicial renec7ies urder the - ~ provisia~s of thfs instant lbrt~gage. - ~ EIGEIIF.G~Ni'e: ~is M4rtgage ~d the Note which it sec.vres shall be aonstrued under the ~ la~ws of the State of Florida. ~ ~ . . ~ -3- BOOK2~ ~ ~ ~ ` . ~ _ -~1~ ~ - - - - - . .