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HomeMy WebLinkAbout2465 - ADDITIONAL TERMS AND CONDITIONS- ' and the uid mortpsors do hereby promise. covenant and szrce to pay to the said mortaspa. tba said coves of money sad irrterat as mentioned is and represented by said promiuory note, or anY exteasioas or reaewsk thersof, sad accred to bs paW as atorataid, sad sYo to prry out sad perform ascA and every other eovenaet snd atreemeat Aereia set forth, and do promise, covenant snd ogee to pay aU taxer aad assessments of every kind and character levied or assessed oa said ppttoope~ty. and part thereof, betoie the same become deliaqueat aad also upon this mort~e aad the moaeys secured Aerc- hy to the extent herciaafter set forth), snd not to permit the said property or any part thereo~, to be sold on account of non-ppaayment of taxes or atsas- ments of say kind; and to ppr[omptly pay sU ituurance premiums that may become due upon iasurante policies issued upon buildinss or other improve- menu on said premises Burin` the coatinwnce hereof; and to psy aU costs, ciwdes and expenses is collectins the moneys hereby secured or is eatordoa ~~r proteclio6 the rishts and interests of the said motto=ee herein, or secured hereby, includias rtssoaabk sttomeys tea aad commissions, whether Col- lected by toreNoaare or otberwise. It is further covenanted and a6reed that, if default shall be made in the payment of said sutas of money, or any pact thereof, as specified io or represented by said note or say extension or renewals thereof, of if the iaterat that rn.y become due thereon, or any part thereof. shall be behlad aad unpaid for the space of ten days, or if default shall be made in the payment of taxes air assessments of any kind or character, a hereinabove set tomb, iasurswce pro- i miums, or any sums of money ss prorided Herein, or if there ahaU be a breach or violation of, or default in, soy of the covenans or ssreemeots herds con- tained oe the put of the mortp~ors, then it sbaU be oQtiorul witA the mortpsee to consider aU the unpaid cotes, or the cipa1 sum hereby secured and rcmsiaia~ unpaid, and accrued interest thereon, is rmmedatelr Bee and payable, and said mortpsee shall have the t tairutitute pwceedhras to enforce the coUectioa of all sums due;heroundsr,.or to torceloae the lien of this mo~tt~~aase.by mason of such broach or violat~oa hereof, at default herein by the mortTators: PROVIDED, HOWEVER, that upon any such default and the actderatton of the rcmainht~ unpaid principal sum, Daly the amount of actual cash taitiaUY advsaced lea payateats made thereon aad interest accrued aad app6sd ip tTse amount of the taa:imuer interest rste pssraittrd by Florida Law to the date of the full payment of the same :hail be rccoverabk. It is screed thsf the said wort ee,may pay eery sums of money that should have been paid by the mortp~ors. under the Coveaaats berean contained, and all such moaeys so. paid s~ beer[ interest at 1bs rate of ten par cent per aaauA fwm date so paid, and abaH be secured by Ike UNr of Ibis asortpse:- hut no payment by the moreptree of sny sum of money as hercia prorrded shall be deemed a waiter of its right to declare the principal sum due by reason ~,f the default, brach, or violation of the mortpsors, as herein speuTiad. Should foreclosure proceedinss be instituted hereunder on account of any breach or violation of the covenants here coatsioed, it is covenanted that the mort6a`ee, shall have the risht. without notice to the mortsaaon, to make sppGgtioa foe and to have a receiver appointed to take possession o[ and man- age and control the mort6s=ed property pendin` toreciosure proceediap, for the purpose of rentios, pteserrirta, or proteCtin` the sagte and spplY~t; the net inrnme therefrom to the preservation and protection of the mort6ssed property and to the paymrnt of Ilse riort~e iadebtednas in such meaner ss the coon may direct. . The term "Mortppaois" herein shall be construed to rotate to the su~ular wlterevsr appropnate aad to iadude the words "heirs, legal rspresentatna and assiprs° of the Mortpaa~ts whenever and whrrever the context so sdmits of require: and the terms "Nortp=ee" :Hall Ykewire be rnrtstrned to inctode the words "successor and assiprs° whenever and whertver the context so admits or requires. continued from reverse side - PARCEL II Lot 635 HAMPTON HOMES UNIT EIGHT, according to the Plat thereof, as recorded in Plat Book 16, page 133, of the Public Records of Brevard County, Florida. i This is a corrected deed that was originally filed 6/1/79 OR Book 2057, Page 758, Brevard County, .Florida. Documentary stamps in the amount of 575.00-were paid 6/1/79. € Intangible Taxes in the amount of X100.00 were paid 6/1/79. I This parcel is secured in the amount of 623,375.00. 6 S - l RfCEiVFQ S ND A/t iN PA':hTaif GF Tw(c""~ !979 JIJN i 8 AMA +f ~ 5S GUF OM CLrSS 'C' iYTAN6 IiIE PcP.SQN;,~ P.ROpEjljrr l f URSUMT TO CHAPTER 71-1~0, ACTS OF ~7I, FILED AIiG F,ICt;RUEO t{OCFIt PORRl1t -r~ ~ ST lUC1E COU!lTTY.FLA. CtEJtII CiRCYiT CpI~T, ST. UIC~ p. ~ ~tOCER POITRA5 _ - C~.ERK GRCIN7 _ ~ , RECORD VER{FI£OSaL - s t } a CHICAGO TITLE fNSURANCE COMPAAfI~ 2717 ORAA:GE AVENUE 3 ~ LpR~ f FORT PIERCE FLORIDA :33450: ~ ~ t,~~~ s* _ - . - .