HomeMy WebLinkAbout0410 12. (a.l Thol tM Abtrroct a/1bu~an~ ot tiH~ ond wrw~pi s w^r~? cowr~^0 ~M ~w~qaqid Prop~rtp sha11 0~ oU ~im~s. dur~ep ~M Gf~ ol Mis
~arpop~. w~o4? in th~ posaWon of tM I?iwciotion ond in Mw ~wn~ of rM foncbwr~ of thi~ marpop~ a otM~ ua?i(a of _titf~ b tM
R1O~~Q~ ProPwM ~h^p~+IsbnMM e~ HN ind~bl~s s~cvnd 1+K~by. oll riphf, ~iH~ ond +nttr~st oi tM Mo.~qopo~~ in ond b o~y sud+
Absaac~s o1 Ktb ond aww~rw's wwhr ~I+oll pda b•H» purclw~r o~ p~oetM. .
i~. TIN /luodoNon nar. af iM opNon, aid wi~l~ou1 wolvln0 ib Npht ~o aa~hroH tM ind~~s; Mnbp Ncw~d aw! b bnclo~ ~M wn~~.
pOY N1~f ~fpf~ Of O~fN ~il1alNKr 011y Of ON O~ NNN CNbin O~iQOfiOnf fpVilM~ ~ ifN 1N1ns ~1N~Of b~ POid by f~ AAOft900pt~
ia th~ pro~~ctbn of tM nanpop~ s~aui~r w/a tM aoit~ction o/ th~ ~ed~btdne~s ha~by wcvnd. All wira w odvoac~d w poid by tM
MsoNotion ~lwll b~ ehorp~d inb tM nnal0op~ oeaowN and b~oan• an inlprol poA tMr~ol, wbj~tt in oN etapah ~o tM t~m+a, oa~ditions.
ond cownoe~s of tM olorNO~d prom~~ory noq.~ awi this nar~qoq~. o~ fully ond b tM som~ ~xhnt os Na~qh u pon of tM apinol in-
- d~bt~dn~u w~d~nc~d bZ wW ~M ad wcw~d by N?is nanpop~. ~ac~inp. how~,rN, M+o~ wid sunn sholl b~ r~poid tM Aswciotion forth-
witN vpon iM dMno~d and b~ io oddition b tM ?pvlo~ly nanthly iestolln?~e?1s providd by ?M mat~op~ noh_
14. ~hot ~o-woiwr oi ony oownont Mr~in or of iM obliqo~lon s~eund M~~by sFal! or ony ~im~ MrooNK b~ Mid ro b~ o woiv~r o! tF» t~ems
a of th~ not~ ~cv.nd l+K~br.
.m~e?t, liopili?y. .obl+pation a~newnbraoe~ vpon wid prop~~r os I+K~i~ prwid~d. i~ ~lwll not b~ e»e~swry nor hquisi~~ tlwt tM /bsoe~or-
ia? ~holl fint poy tl» son~. .
1a_ It i~ fuA1~ cowewnt~d ond aqntd py th~ /?~we;erqn o~d t1N ~Aort9oqwt thot~in tM ~wnt of o wit b~inp initinned b ~w~elos~ Mi~ mon-
pop~, tM Auociorae sholl b~ a~ri?I~d w opply m oey rim~ pandinp such iw~cbwn wit a rM Cowt ~
ow hovinp juriul+ction thaeof for N+~ op~
po;nt~n~M of o nc~lv~? of oll pnd s;npulor t!M morryop~d propNty. ond of oll r~nti. incwms. prohrs. 'issw~ ond ~~va?ws tMnfrom. han
wholwNN aa+~b dKiwds ond tM«+pon it is hK~by ~rprKtly oonwnont~d ond op~e~d thot tlq Cowt shoN fpthwith oppoim wch r~ctiwr
wirh rM uwol pow~n ond dut;~s oi r~aiwn in lik~ cos~: ond :oid oppoiorn,Me iholl be +rad~ by tM Coun os o monK oi strict ri~ht to
~M Aswc~aria+, ond wlthovt nhnnc~ a Mr od~q~wcy w inalpuocy of tM volw of rM p.opertr Mnby ~nae~oped, w a tM sohnncy w
intoh?Mty of th~ Mpr~pppprs p o~r p~M~ pony- ~f~e~dO~t ~p sue~ wit. TM Nbrpoqon f~~by sp~eifitotfr woiw tM Nyht 10 obj~tt to tht
oppointm~nf oi o nc~iwr os olwaoid ond h~nby ~nprpslp con~nt thot wcA oppoinlm~nt sl+oll b~ nwdt os on odmind puity ond os o
mon~r of obsolut~ rpht w tM A.~sociorion ond tho~ tM wm~ ma~ br doea witlaut notic~ to ?1+e Mort~o~oa.
17. To tM ~x?~nt of eh~ ind~pt~dnys of tlr AAoetpopon_ w rh~ Assoc;ution d~xrib~d herein o~ sscursd Mreby. tl?e Asiocio~ion is Mnby • wbro-
por~d w tM li~n u lisen and b tM iqhn.of Mw ownKS a+d holdas ther~of of ~od+ oad twry mor~qop~, lan or other ~nc~rnbro~xes oe
tM lond d~sc.ib~d h~rtie which is poid ond~o~ soNtfid in whol~ or in port, ow of N+~ proce~d~ of the loon dacribed htrein or sec~r6d
Mrsby and tM r~~p~cttw liu?s or aid morqoq~s. li~ns o~ otM? encumb.onc~s. tholl b~ ond the aomt ond wch of N~em henbp ii presav-
~d ond tAoll poas.M oad b~ held by th~ Auociotion Mr~in w sacurity for tM a+d~bt~dness ro tM /luociatio~ h~~sin described or hertby
Hcurd. w Nw fORM ~=tM! rho? U would 1ww bNw pr~sen.d ond would how been possed ro ond beeei Mld b~r rh~ Assocarioo hod been
duly ond .pub~ly ouiqrud, tronsternd, sN ovN ond d~liwnd unto tM /lssocation by s~porate dsad of ouigm~ent, no~rithstondin~ tM
(oct thot th~ ~onw moy fqw b~ wtiifi~d ond tonqtled ot ncord, it beirg rhe mtsnrion of tM panies herero thot rM some will be sat-
isfi~d ond ounc~l{d of noprd bp tM lal~d~n tMnof ot or obovt th~ tim~ of the ~~cordinp oi Mis mort~~ or soon thereofta.
la. TM AstOC~otion or th~ 1qld~r h~npf mor. io writinp. hwrorg~. odjust ond ~:tend the tim~s and vnaunts of poyme~ut of int~~sif ond~w
printipol of tM not* s~cund by thii ^w~fpoye b'Y oqnnr»nt wi~h tM present w wbseq~ra?f ownN of t1?~ reol es~at~ sscurinp the wme.
w~tFaM notic~ w w oon~ent of o~d without r~Uwsi^p o^r Po~Y liobl~ tharwn.
!9. If a~r of tM wrns of n~o~sy tNr~;n r~fernd to ba rqt prpnpthr and fiilty poid within Miny ~30) doys ne~t aker the soen~ severatly ooms
dw end PoYubl~. w if sod~ ond ~nry tM st~p~rb~~ons. og~NmeMs, co~dition~ end mrenonts of eoid promissory not~ ond this mortqogs .
w ~iti+er, on not dulr P~~fornwd, comPf+ed wirh ond obidd bp. N+e oygroyore sum mentioned ia wid prom~uory note a otherwis~ secured
hereby sholl b~com~ du~ a~d poyobl~ forthwith a ~hsreoher ot th~ optan of ths Associotion,. os fullr ond completely os if soid a~repot~
sum of mon~y wos ui~lnolly stipulot~d ro b~ poid on wch doy. onyth~np in wid promissory noM to the co~trory notwithstond~ny.
20. In tM ev~nt th~ mort9oyori abxond w obondor? tM propertr, w yo in hid~np and corvwt be Iocoted, w how leh -the Sta~e of Florido,
~ ~M - morf9op~e w' its op~nb, nay imrn~d'atdy rok~ pou~ssioris of tM . Proper?Y ~o prorect the some. ond rent the tiwn~ ond ony monies
•ectiv~d (rom itn?s. lett t!N poym~nt of ta:ss, inswanc~ ond vpkeep. shoU b~ opplied on ths indebtedness. Norhi~g h~~ein sholl preve~?f
tM mor~qo~N from ~a~rc;sinp ia rght b forecbse irs nw~oye.
IN WITNESS WHEREOF. tM soid morqo~on herwnto ~r tM:• honds ond ~culs ?he doy ond yeor .o6ore wrina+. ,~~1w~~~~~.,..,
~ r ~ .
~.d ~ M ~ VASO, INC. a Florida ;~;C, • ~
Nt~c~ ~f rs: ~fe .
Corporation ,`ti ~4 ~
` _ - ~ ~ . -
~ d . Macr~ie Vascellaro, '~re~i~e
o'T.t.l,~` _ ~ ti~ G?~ ~ : `
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fllEOI~MDR RDEO
ROCER POITRIS _ - ~
f : ~CUI? CCU
- - -IsEAy
S1ATE ~~~o~. J~~ t0 2 i~ PN - .
~o~,? ~ ~ u 4€~'7508 _
1 Me~Y~r wAilp MM M thtt ~r. aN. ~n ~ffksr drlp wIMd:W in 11» Shte af~?tteid and In 1M Cew~tp ahnsaid N tak~
/ , r ~ Sr s-
aa~»w+.+s«..~a. rn«~ar .r'..~ * *~ie Vasoellar~, Pr~.si.c~nt ~ of V~90, INC a
Florida Corporatioa~, _ . * * -
h ~w 4n~wn N M IM Mn~n~~) I~uriwd M an/ ~ri~o ~~neN~d IM lerp~i~y Iwsteww~nl enr ee4n~wl~i„d b~hn w» Mw
~cvf~d !M ~arM /N tIM prrNw NNni~ ~~s~. .
wmress ~fAdel rNl M 1M Cweq en~ fNM Inf ohnsei/ ~is Nw 20~ ie~r ~--+7~ A.D. 19 ~8_.
Mr GwwwkfiM Ezpins: `
~ ! ) ~ , . , ~ Nkwfr flelt fbrido a1 Lerye.
Notary P~t,~it, St~t~ of ~;o~:~: :t ~~:Ge . "
1Ar Cc: t : ;s:i;,~ Ex;;ues ~et. 1~. ;;~i! ~ : . - -
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?r.nd~~ 2Y a:.u :~a : r+ : Ce::rr~ ~uuraw~ - '
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