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Home My WebLink About0569 . ~ . . . , ~ , iu;~ . :?~q,ly tiu~•h mnt., ~aw.•s :u~d ~iro1~tY nK•eiviri I~y it un thr indr.bti•dniyw ua~•unv! hrrrby'~ i~i s4ch on1~•~ i1R M~[t~~• d~•t.•r min~~». 'I~h~ right to .•ot~~r and t:~ke ~Ni~ticxiun uf Ihc 111orlKugrc) 1'ru~x~Ny, to man:~ge and o~x r:Ne Ih~• s:un~~. :~nd tu ~•ull~ti•t ~he mn~a, i~wu.KS und pmtila the«~u(, wheth~•r hy n~•Ni.~Nr or otherwise, ahull I~e ~•umulati~•r to :u~y utha•r riKht ur mrn~yiy hen•under or a(fu~de~l by laiw, a~c) muy ix+ uxen•iaed concurrently therewilh or inde~xndrnUy thenK~t. Mortxu~;~w sht~ll I~r fit~ble to nccounl unly (ur such rrnts, ieauc~t :u~d pro(~ts uctu.~lly r~~rivivl hy Mor1K+~K~'~•• 14. It the indehtedneaa e~ecumd hemby ia now or herru(ter furlhet secured by ch:~ttel mortKuKcw, aaK•u~i1y interc~?ta, fin:ini•ing st~tcmenla, p1~~c1K~~, contrai•ta of guur~aty, a:~rixnmente ut Ici~rx~s, or othur sei~urities, or i( the Morlg,~gi~l Yru- {~rly henby encumlxmdK•onaists o( morn than one µ~n•e) ol m.d pru{~rrly, Mortgugcw muy al its optiun exhuual any unr or mom of xuid ae~•urities and eK.~•u~ity brn~under, or euch {k~~cels of the ecti•urity hemunder, eithrr ~•on~•urmnU; or inek- ~~rnJently, und ~n xa~•h order :~s it muy di~termine. 15. This Morlg:~ge sh.dl e~~un not only exisling indehtedneas, but nl~o auch future adva~ni~~w, v?~hether su~•h a~dvuncrx am oblig:~tory or to I~e ma~de a~t the option of 111ort~;:ig~~~, ur otherwixe, as ~re made within fwenty 120) ycara (rom thH date hereof, lo fhe xame c:tent .~e if Kuch (uture ad~•an~~ea were made on thP dt~te ot the eYec•ution of this MorlRaKe, but such ~•umd indebtedness xh:+ll not exce~d at :~ny time the muximum pri~ci~ui) amuunl ot E N/A plua intrrr+t. and :~ny disbur~•m~nts made fnr the ~u~ymenl uf tax~~x, levica+. or insur.ini•c. un the MortK:~K~~c) 1'n,~xrty, w~lh ~nten~t on such diaburaements. Any such future i~dva~ni•c~. ~vhether obligatury or to I~e mude at the optiun of the Mor1KaK~K~, or ulherwise, may Im nu~dc• either prior to or a(ter the due dide uf the Note ur uny othcr no1~KS eur•umcl 1?y this lllurt~;ag~•. 'l'his I11origage ix given for Ihe x~~•i(ic ~?ur~xr~ o( s~ti•urinK :~ny :~nd ull indebtednesa I~y ihe h1urlKaRot to I~1urtK:~~;~~r (l,ul in n~~ event sh:~ll tht• ~•und ind~~btt~lne~ ex~Y~v1 ut :~nv timr ~hc• m:iYimum prin~•i~ud :~mount set (orth in this ~~;~r.iRru~~h) in wh:~trvrr m:~nner this indebtcvlne:~,~ mny f,r ~~.~iden~^ed or re~?r~~•nt~d, uMil lhis lllortKagt• i~ ~:~ti~c(itvl u( n~~rd. All ~•ovi•n- :~nta .~nd aKr.x•me~ts contain~Kl in this 111ortK:~Ke• shall Ix~ :q?~?li~:~hle• lo ull lurth~•r :~dv:~m~e~x rn:~d~• by MnrtK:~Kri• to Mortgugor under thia future udvunir ~•lauae. lfi. N~~ deluy by Mor~Ragee in ~•xercising uny right or n~mi~cfy hereunder, or otherwi~• uftord~~l by law, xhs~ll o~xrate ax a waiver thereof or preclude the exercise th~•rewf JurinK the iymlinu:+n~•c• of :~ny default hemundc•r. No waiv~r by MortK:~K~~c u( any det:~ult xhall ~wnstit~te a wui~~rr of or conac~nt b sul~se~c~uent de(aults. No tailure of Morfg:~Ke~e• to ex~•n•~u• :~ny option h~•rein Kiven to :tc~•eler.~te maturity of the debt henby scrvrc~l, no torl?earamr by MortRagee IK(ore or :dt~•r lhe• exen•isr of suc•h option :~nd no withdr.iw.d or ulr~ndunm~•nt o( for~•IuYUre !)1YHY'H(Ilflr, I)y AIUf~R:1K!'( Sllall I~e 4~ken or ~•on- stru~~cl as a w:~iver of ila riKht lo ezen•ise such optian or to ac~rler.ite the matarity of the debt h~rnhy se~•unvl hy ri~as~,n o( :~ny ~~:~st. {?re.ent or luturt• di•(:~ult on the ~~art ot 111ortK:~Kur. :uid, ~n liki• m:+nner, th~~ ~?r~x•un•me~it of insuran~•~• ur th~• ~,:~y- ~rn•nt of t:~xes ur oth~•r lirns or i•h:~rKiw by llturt~;:~K~Y• vh:~ll nol iw• t:~ki•n ur ~•untitnu•d :~s w:u~•i•r of i1s rikht. tu :~~•~~•1~•ratc• fhe rrr.~turitv ol th~• d~•bt h~r~~hv ururtvl. 17. Withuut aifectinK thi• liahility of Atortg:~Kur ~?r any other ~x~r~in Irxc.~pt :iny ~x~r.u~n ex~?n•~;ly n•li.~s~vl in N•ritinK) tor ~?:~ym~•nt o( :~ny indc~Id~Y1n~:titi u~~•unyl h~•reby or for ~?er(orm:~m•e of :~ny oi~liR:dion ~•ontain~Yl herein, and N•ithout :~Uiyt- mR the riRhts of MortR.~Q~r w•ith n~s~K~•t t~? any se~•urity not expmssly rcleasecl in writin~, r1ortRaR~~c• may, :N anY timc~ :~nd Imm t~m~• to time•, ~~iihi~r IMtorn or after the m:~lurity o( ssiid note, and withoul nolic~c or c~onsent: lal Itelea,e :~ny ~K•r~n li:~ble (or ~~:~yment of all or any ~uiH of the ~nde•bt~Yln~~~ or (or ~?erformanir of :~ny nhliRation. Ibl l~ls~ke :~ny :~Krfk•nunt exti~ndinR the timc• or otherwiu :Jter~nK the tf>rn~.s of {~:iyment of all or any {~:~rt ut thr ~ndebtedn~~s, or moclifyinK or wai~inK :my oblixalion, or sul„?nlinating, m~xlifyinR or othi~rwi~~ dealinR wilh the• li~~n ur .•harxc hrnot. Ic) Exerrise or mfr.un fmm ~~xen•~sing or waiv~ any riRht A1orIRaRcr may h:n•e. (dl Accept additional ~-urity ot any kind. (e) Nelease or ~~then.•i,e d~•al with :iny Pro~N~rty,~ mal or ~?eruon.~l, euyurinq the indeblrcinc:gs, in~•IudinK :dl nr any ~x~rl ~,t ths• l~f~,rtKaRed YmF?erly. lri. Any agn~ment hi•n•afler m:~di~ hy MorlKaRur :~nr! MortRaKcr ~~un;u:~nt t~, this mort/;a~~~ sh:dl FM tiu~x•rior to Ihe• nKhls of thr holder of :~ny inti•n•~•ninK lien or encumbrance>. I ~ 19. M~~rtR:~Ror hrreby w:~i~~es all riKM of homeattnd ex~•mption. if :iny. in Ihi• 111or1~aR~vf Yru{x•rty. i YO. ln the event ot conde~nnation prcx•EYVfings o( the MortRaKecl Yro~~erty, the :~ward or ~•om~?en~:~tion ~r.~yable th~~re- ~ undrr is hereby assiKned to and shall I~v {~:~id to NortkaKee_ MorlQaRee shall 1?e under no obliRation to qu~stion the amuunt - j nf any xuch award or rom~~ensation and may a~•mpt the ~~me in the amount in which lhe s:ime shall 1?e p:~id. 1n any sui•h ~ ~•ondemnation pr~x•eedin~s, l4furtgaK~n• may t~e re•pn~,ented irv c•ounse•I selcK•t~~cf by A4orlgaKee. The prtx•etxls uf any :~ward nr ~•um~?pn~:ition rrceivrd yh.~ll. ~~t th~ option ot MortgaKee, rither be appliecl io the pre~iyment of lhe Note and :~t the rat~• o( inti•rest pm~•id~~1 th~•rt•in, reKardli•sx of thc• r.~l~~ o( intFrest payahle r?n the :~K•ard Iry the rond~~mninR :~uthority, nr at th~ ~~plion of ~tortK:iRer. su~•h award xhall I~• ~r.~id ~?cer tu Mort~;:~Kor (ur mYt~~r.dion of the 11or1Saqed Yro~?erty. 21. !f A1ortKa~~K•. pur~u:int lu a~•onstru~•tiun luan aK~~•emcnt or luan ~•~~mmitm~~nt made by 111orfK:~Ree with AtortKaKor. aKmes to m:ike conwtructiun lo:~n ad~•:uu•~~c up to th~• ~?rinci~Hd amuunt of lhe Note, then Murtgagor herel?y ~•u~rnantx that it will ~•um~,ly w•ith all ~,f th~• terms, ~~rn~isiun, and ~•~n~rn:~nls uf ~:~id ~•unstru~•tiun lo:in aRriKment or lo:~n ~ommitmenl. will ~IiliKe•ntly ~onstract fhe imprm~ements to f~e t?uilt ~?ursoant to th~• tarn~s therfxif, :+II n( the terms thereuf w-hi~•h .~n• in- ~•ur{x~rat~Yl hc•rnin by nd~•n•n~~~• ati thouKh ~cc~t (orth tully hen•in and a•ill ~Mrmif no def:wlts to «•~•ur th~~n-undi•r and il a de- L~ult sh:ill n~•~•ur thc~reand~•r. it sh:ill ~•unvtitul~• a~l~~taulf und~•r this 11ort~:~Q~• :~n~l the N~it~•. Y'L. At th~• u~~tiun u( :~1ortKaK~r•, ~turlK:~xnr sh:~ll provide ~lort~;:~K~~• with ~?erirNli~• ~•erUfi~•d :~udite~l st.it~•mentx of thc• (in:~ncial ~~ondition of MortkaK~rr. ' ~ 23. 11urtKaKur rFq~r~~umis :~nd w:~rr.~nls that if ~•~~r~~urati~~n. i! is duly orKaniziYl :~nd ~:~6dly exititinK. ~n K~NNI tif:~nd- ~ ~nK undrr the• IaKS ul thN ~;tati• uf its ~n~-or~N~ratiun, h:is st~N•k cwt.tandinK v~•hi~•h has INY'O duly and ~:~hdly is~ue~d, :~nd is qu:~li(ied tn du busin~~sti :~nd iw in ~;~KKI ~t:~ndink in Ih~ St:~t~• n( Flnrid:~. w~ith (ull ~NIWk~r and :~ufhoritp to ~-on.r•umm:~ti~ lh~~ ~ lu:~n ~•unfempl:dt•d h~•n•hy: and. if ~?artnF•nhi~?, it iv duh• torm~~l and ~:ilidly exixlinK, :ind is (ully yw~li(itvl to do busin~~~s ~ ~n th~~ St:~te ot F'turid:l; N'I~FI IUII ~NIN'Pr and :wthnrity to ~~unsumm:d~~ th~~ In:~n i•ontrmplat~~c1 h~mhy. ~ 'l4 ln the• ~•~~•nt :~n}~ ~~ni• or mun• of Ihe ~~roc„iunti ~•~~nt:un~rl in this h1~~rtK:~Re or in the :`'ote shall tur any rt•a~~n ~ Iw• h~•Id to fK• in~•:~lid. illc•~;:+I ~?r unenfore•oabl.~ in :~ny ~('Y~M~•f, tiu~•h ~m•:~lidity. illeK:~lily or uncm(on•e:iblity ~hall. at fh~ ~ upfion n( th~• MorIK:~K~r, nut :~tti•~•t :~ny athe~r pmvitiions u( this 111ortR:iK~•, I~ut this MortRa~;~ nhall IK rnr»trucxl as if su~•h ~ invalid, ille•~;al or u~u~nfon~~~:~hl~~ ~~m~~~ion had ne•~~~r Ix~en ~•nntainiKl hc•rein or thervin. The tol:d intemsst p:~y:~ble ~x~r!suanf to ~h~~ Nute or this 11nrtK:~xr shall nnt in :iny ~m~• ~•~:~r ~~x~•~~~K1 thc~ hiKh~rst lawful r.~le of intenwt in the State of Flurida. ~ .,Fi. 7'he ~•~i~enants and :igrce~nents hemin ~ unt:i~n~-~I ~h:~ll hind :~nd the Ix•netitx and ad~•:~nt:~gi•s sh:~ll ~nun• tu th~~ n•.~N~~•ti~~~ h~tir-~. t•xc~•uturs. admin~Klr.~tors. tiu~•~•~•sti~~ra. :ind :i~tiiRns of lhe partii~s h~~r~•t~~. ~VhFm~•er use~1, !he sinKular ~ numl~•r shall in~•lu~l~~ th~• plural, thr ~dur.~l Ihr sin~;ular, :~n~i Ihe uw• o( :?ny K~~nder ~h:~ll Ix• :ip~di~:~hl~ !n :ill Rend~rs. All ~ ~~nvrnants, aKnw•mcnts and und~•rt:~kinKa sh:ill ia• juint .~n~f ~•~•er.il. In ~h~~ i•~rnl ad~lilir~n:~l numtx•rcrl ro~~E~nants or para- ~ ~;raphs an• tor comeni~•n~•e inu~rted in thia ~1ortK:~~;~•. tiu~•h :~drlitian:+l ~•~~~i•n:+nts tih:~ll !x~ n.~d and ~i~~en ~•tfcN•t .~v Ihouj{h ~ fullowinR this covenant in ~•onse~-utic~ .~rder. ~ ~ -3- ~ ~ dOC'X ~.~7~ P~ ~ ~ ~ ~ -~n. ~ ' ' - ' - - _ - - - - - w ~ ~ _ _