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Home My WebLink About0759 e. To pecform, comply with and ablde by each and every atipulation, agr~tiiuent, rn~Klthua aixf arvenaul in said proaussory aole and deod set lortl?. . In the evcat ttie jucisclictioa of tbo U. S. Dtstdet Court sha11 be invoke~l by ora~a~nst tbe blortdaqor~~uacler any of the proti~islons of 1be FeJeral Aankruptcy AM. such arlion, whethe[ volunlary ur involuntary ot~ Uwpa rt oE tbe I~lortgago~. shnll autaw?tically, without notice, ao- celrrate the n?aturity of all suuic of money hereIn descrilxxl atid secuied and tha s~fi~e at?a[I ttiereupc?n becoma due auct payabte forthwith as fully as if ihe said ap,RreRate swus of iuo~ey were originaUy stipulatoa to be paid on tudt data 8. To delivec to uid Mo?tRagee o0 or beta~+e Alarch 15th oE e~L year. tss raoeipb evidaocing tbepa yment of a11 lawEully imposed ta:es for tM: precectipg ca]endar year. and to deliver to said Mo~ agee. rocejpfs evideaciug tLe peyment of sU liens tor puLlic improvements witwin ninety (f10) days after the sauna s6a11 beeome due sod payaLle, and to pay ~ discharge wtthin ninety (8U) days sfter due date, any and al! Ro~~emmeatal kvia tbat may ba made on the awdgaged Prope~Y, m this mortgage or note. or ta wy other way resultiug fran the Mort8~8a inclebtedness secured by d~it tnortgage; and if thi: coaditioa be not complied with and pedom~ed. aaid mortgageo maY p;?Y such sum or aww ~h~ch sh~ll becoine ~,a~c oE ehe dcbt secured by this morlbage, and tl~ull bear interest at the default rate provid~d in ~akl prom~ssory note payabie mo~thly uatil paid or said ~loctgagee may ekct that sa&1 mortsage debt thereupon bo~ome d~~e aad payable forthwith. ~J. It Ls fartbc~ cove~anted ai?d agroed by :ald partie~ that in tl~e event of a suit being ~nstituted to forecloae ttJs mortgage. tl~e Mortgagee ahall be e~tided to apply at uny ti~ne pe~xling suc6 fo~eclosure suit to the court haWng jurisdiction theceaf for the appoiatment oE a re~ceiver of al! aad ungular the mortgaged propertY, nud of a11 the rents. incomcs, profits, isaves ancl rev~eaues thereof, from w6atsoevet source derived• and thereupoa it is 6ereby ea~pr~sly covenanted aad ag?ced t6at the court stwU forthwith ~ppoiut a receiver of ~aid mort~aged propcrty, al~ s?xl siagular, and of such rent;, incom~t~ profits. fssuea aud oevenne thereof. fro~a whatsoever so~roe derived, with the usual powers and duties af receivers in L'ke cases; and such appointmer?t ahall be wade by sucL court as a matter of atrict right to the Mortgagee. its successors. ' legal representatives or assigns, and without ceference to tho adec~uacy or iaadequacy of tLe valoe of the property hereby mort8a8ed, or w the ; wlvency or inso~vency of tbe I?fortgagor, and that sudi rent, profits, ineome. issuea and revenues shall be applied by such receiver to the pa?y- ment of tLe mo~tgage indebtalness. costs aad eharges, :ccordiag to the ~det of sncL oou:t. • ~ 10. lf all ar any part of the property or an iaterest thereiu is sold or transferred by mo~tgagor without mortgagee's prior wrttten conseat, : exdudinq (a) the creation of a lien or eacumbranoe subordl~ete to lhismo~g~ (b) the creation o# a pumhase money secudty interest for ; houselwW appliances, (c? a hansfer by devise or desoeat, or by aperatlon of lav~i upa~ the death of a joint tenant, or (d) tha grant of any leasehold interest of three ears or kss not oontaining an option to purchase, aactgagee may, at ita eao, de~are all the s~,s s~cured br op e thic moctgage to be 'etely d~ aad payable. Mortgagee shall have waived s~ch option to accelerate if prior to tbe sale ar traasfer, ntortgagee and t!~ person to whom the property is to be sokl or ttansferred reach ag~eement in writing t6at tbe credit of such person is sat- • isfactory to Mortgagee and lhat tl~e interest payable on tbe swns ~ecurod by t6is mottgage s6a11 be at suc6 rate as Mortgagee shall request. 11. That in ihe event tbe premisas LerebY mort888ed. a any part tliere~, shaD be coademned ~nd talcw for publIc use w~der the power of eminent domain, the Mortgagee s6aD have t6e right to deau~nd that all damagns awarded fo~ t6e taldng of or damages to said premises shatl be paid to the biortgagee up to the amount then unpaid ~ this matgag~e and at tLe option of !he MortgaBee maY bB aPPlied uPan the PaY~~ts last payabk thereon. 12. The mortsta¢or binds himself aot to erect or permit to be erected any new buildingc on the premises he~in mortgaged or to add to or permit to be added to any oE ihe e:isting improvements tI?ereon or mai~e a~oy cbar ges or aiieraa~s in said iwpmve.-„~uL~ w~i~ :rbtaria~r chaage the same or the use thereof. without the written conseat of t6e Mortgagee and in the event of any violation or attempt to violate this stipulation ti~is niortgage and all su~ secured hereby shaA immadiately bec.~orne c~ue and collectiWe at the option of tlie Mortgagee. 13. It is specifically agreed that time is of the essence of thts oontra~t end that no waiver of any ob 'gation 6ereunder ar of the obligation secured he} by shall at aay time be held ta be a waiver of the terma hereof or of the iushwnent secured hereby. 14. IE foredosure Pn~xedin _ d aay sa~ond mo~tgage or second tru:t dead or a~np janior llea af any loiad s6ould be ~astituted the Mort- 8g8~ +~+Y. +~t Its aption, ~ately or thereafter declare this mort8a8e ana the indebtedness aecared hereby due aad payable fort~wit6, snd may at its option proeeed to fore~lose this mort fgage„ 15. To tLe adent of the indebtainess of tbe Mortgagar w the Martgagee ~described herein or seeured hereby t6e Mortgagee ii hereby subrogated to tLe lien or lie~u aad to the righb of tbe ow~ners and holders merrof of eacL and~ery mo~tgag~ lien or other incumbnnoe on ths land deacribed hereia which is paid ud/or tatisfied in whde or in part ont of the prooeeds oE the io4n described hereln or axured hereb and the respective liem af uid mo~tgages, lk~s or other incumbranoes ahall be aad tLe same and au~ af them hereby Is preserved and ~ ' p~ss to and be heW b_y tLe Matgagee hertin as axurity for tt~e indebtcdness to the M~g~ herein described or hereby sacured, to the same estent that it would b~ve been preserved and would have been passed to and beea heW the Mort~agee ~had it been duty and r~egularly amgned, trausfer~ed, set over ana deliverai nnto the Mortga8ee bY seWrate cked of asd~nmeat notwitl~standing the faM t}~at the same may be satitfied and c~ncelled af reco?d, it being t6e intentioa of the parties bereto thst tLe rame vrill be satisfied and concelled of record by t6e holders t6ereoE at or abo~t the time of the reoording o# tbis mortgage. ie. To Fay aII and sin~tar t~e oos~s, cha~es and mclud~ns lawyer's kes. ~easooablr 3acumed oz ~aid a~ a~ time br ehe t?tat- Sagee. becanse of tbe Lilure of the Mortgagor to o~ oomp1~ wtt~ and ablde by eac6 aod eveiy the stiWilatioat. aS~ments. conditions, antl covenants of said promissory? noGe and this dea~ar either. and every such PaYmeat s6a11 bear interat fram dabe at the defauh rate pro- vided in said promisaory note. . 17. Whena~y amoant dma~ey to be P~id bY tbe M to the Mort$agee unckr the terw btceof s6all be in default. or shouW the Mortgagor default ~in my of tbe other~terms,prov~sions or~c~'tioat of this Mo~ge, tbm an~ ia that case the Mwtgagae shall 6ave the ~t, witbout mtiae to the Mortga8or, bo ooDe~.~t aad razive fmm anY teaant or 1es~ee af said matgaged premiaes the reats, iss~es and profib a~ the red atate herebY mo~tga8ed antl the improve~ments thenean. and to S~ P~ *~P~ ~~9aittanoas the~efor. and after PaY~B aII oommissioas of any rental agent ooQecting t6e :ame. and any re~sooable attorn~y s feu and other neoes~q' espenses incurred in odla~ing same to apply tbe pm~oeeds of such ooUectiom upm an ind~obiigation or liabilitY. of the Mort~~or he~wnder. Tl~e or right ganted t~e Mortgagee under this ParaB*aPb shaD be ia tion bo, and not Nmit or restrict, anY other right or dghts gianted the Mort$88ee in ihis Mort~tge. 18. If the MortB=Bms at the time of maldng t1~ Mort~age or uent theneto taloe out life iasuranoe des;~atin8 the Matgagce herein u beneficiuy with a oomp~y approved~y tLe Mo~tgaS,ee a~ assignt~ides b the Mortgagee f~ tLe purpoee of secu~ing the mortgage ~I~o~aa be~ siecnred~the MKtg,agee ahaII htve the right to pay anY premium aoc~iting a~der sti~ Adic~s, anet aA sm~t ro e:peoded s1uII be ~ twelv~e e~quai c~caH~~th~ly ipi~iudehtednas sernrod by this Matgage ana sLaIl be paid by tbe Mortgagor to tl~e MortgaBee ts. the first monthly insp~meat to be paid as a part of and in addition to tbe mouthlY P~Y~ d~e under ~ Mertgage In ihe Brst cakadar rr~th folloadng tbe~p af sajd smm. Snc~ suun so e:pended to bear interest at tbe nte at which interest is PaYable upon :aid piindpd indebtednss and th~e li~~thi: Mortpg~e sbaII e~tmd to and aecu~ the ~ so emmded together with inter~t t6ereon as hereinbefore provided. . 19. At mort~gce's option, tog~er rvith ~nd ia addittan ~o tLe monthlypayment of prindpel and iatertst yable muder the terms of t6e notc secured bereby. Mortgagor s6aDpa y to Mortga~ee each month until said note is ftilly _paid, ooe-tvrelfth ~1f12) of a sum nal to the annual premium dne for fire, rsteaded coverage, Rod other ha7ard inswanoc ind~~ flood i~urance, covering the mort Qlus tazes and ave~ts next due on tbe matga8ed Prope~t~? {aA as estimated by ~at~sSee) less all sums aiready paid dx.~~, and~be• divided by the mm~ber of montbs to clapse prior to tl?e date wben snch ta~ces and as~meats shaIl beoome delinq~nt~ Satd sums shaD be held by Morcgagee in anse or credtced ro the principal of the 1ow, to p~r s~atd insuraaoa t~a, and a~a,ents and s6all be sppl;ed a~ the PaY~t thereoE when due. My acess held in trrat by Matgagee when sdd ben 6 paid in fnll :haII be or peisonal representatives. Ia t6e event of s deEanh or forx3osure, said sums held in trutt maY be applied ~aMr Moos~~ S~*dam ges~~,u~ in aonr~ection with the oollection af the note securod hereby whether by smTt, f~r~edosure, or ott~ervvise. Mortgsgee may from time to time at ftso~ on waive, and after any? sncL waiMer, n~ia~tate any or aD provlsiam hereoE re9u~n8 s~h aepaaib, bY notioa to Mortgagor in writiug. W6fie any mch waiver is tn effect. Mortgagor shalt wY taus. aueasmeab aad i~aranoe prami~ms as heiein eisevvhere pm~vtded. 20. Mortga sLalt~y with the rwitioos of a~r kase, ~f this mortg~ it on s leaseboid. If t~is mortgage b oo a oondominimn mortgaga ~°`~erfo~m all a~ ~g~s obligaciom maer ~e adle~a.ratian af°~oodomfni~mn or ma~r aeea, rhe b,?-yws ana regnla+iaast°°ft, the coodominium projax and oonstitaent documwb. Mortgagor firrther aavenants ti~at he and tLe as~octatlan~~ ie for the operation o~ tbe ooadominium wiD obderne aD of tbe pmvisioos of- the said doclsnt~o, and any ameadmeab drereto, aod a~ tbe C~oodominium 4a oE the atate. and vr~l perform aD obligatiom thereunder• nnd a fa~lnre to do so whkh b not cuied sv~thin 30 ~da~s after not[oe ~vea by th~ Mort- gagee to the mmtgager and the said a:sociaNon ahal~oor~itute a defauk ~maer thi~ 8eg~. Mort8~8oi' f~uther specificaDy covenanb, but ~wt bY waY af limitation, that he.and tbe association wiIl observe all of the provisiaos o~f said decLraNon of ao~ndamintum relaHng to insuranoe ooverage. 21. Matgagor fmther caveaants and agroes that at the request of Mortgagiee to fiunlsb a st~ndard termite bood insvring:~aa damtge by Wrstation on the bn~dir,gs no~w or i?ertaEter lxaced on tbe mortsaged P , in snch amo~mrs ana terms, and w;th s~ch apprm'ed and *e4uired bY 1Nort8a8ee: and in the event Mortgagor dces not o~ with tbis oovenant Ma~tgagee ~aII have the ~righb ~ to obtain same w imnranoe ooverage ~mder oovenaat ~3 Let~eaf. ~ 22. That fn the eveat that t1~ uwrtgage fs ~ven to iecnr~e a oonstmctlon]~, failme on thap~t of the Mortgapor or the Mortgagor'a contractor, architect, engineers, or sub-contracto~s to oomply with tbe tern~s of tbe Co~bn~ction Y.oan ~ of eveiu date here~vitL, ~ wLich is by refereace incapotated Larein, s6aI1, at the o~ption of tbe Mortgagee, oaasdtuoe ~ defaok Lerewxler, t 23. If the mortpged premjses is other than a one to fau family dweain8, the M~tga oov~enants and agrea tLat be will, not later tban thjrtY (30) days after tLe end of the fitc~al year fumish ~mto the Associatian a oom~plet~and socarate balanoe sheet and profit and loes atatement reflening tLe Mortgagor's liabilities as we13 ai profit and bss fa tbe fL~~~caly . and snch balanx aheet and pr~it ~nd bss state- ment shait be prcpared by a oertified pnblic aooountant lloeiued in the Stace of Fbrida,~and :haD be certlfiad as being eorcect by s~ch oerH- ~b~ k 299 ?59 ~ ~ - ------f-.-- ~ <K..~ . _ r ~ " P