HomeMy WebLinkAbout1755 ' t
:uv~iunt to {u~y auch churges when due ah:~ll t?c ~H~id by Alorlgugor to Morlgi~gre o~ dem~.• ~I(, by riuroq ii(~iny deli~ult
by Mo~tRagor undrr :~ny provision o( thia Mo~tgaKe, I11o~tgi~geo declares nll sums accund hereby to Iw due and puyuble,
Alortgugee mny then apply any tunda in eaid uccauM against the entire indebtedness se~ured hereby. The en(orceability ot
th~? ~v>venanb reu~tins to taxcy, ussraementa and inaurxnce premiums he~ein otherwi,e provided shali not be atfected e:cepl
insofur As thoee ubligutions have been met by cumplianre with this parugruph. Mortgagee may trom time to time ut ita
option waive, und ntter any such wAiver TC%IIS~AIN, any or eill provisions her~w( requiring such deposits, i~y nolice to
•Morlgaigur in writing. While auy such wai~•e~ ia io etfect, A1orPgagor ahull ~y tnxex, uxsrriamenla and insu~pn~~e premiumx
as herein elsewhere provided. •
4. To promptly puy nll ts~xes and axseasmenta t~ysesseci or Iwied under r~nd hy virfue of any xtute, teclerul, or munici~?~~I
li~w or regulation hereiiftet paaeed, agninst 111ortg~gee u{wn this Morlguge or ihe drbt hemhy xrured, or u~n ite intereat
under thia Mort6age, ptovided however, thut the total amount so ~wid tor any auch tnxea purxuant to thia {H~r:~gruph togeth-
e~ with the intereat µ~y:~ble on suid indebtedness shal) nol exc-eed the higheat lawful rute o( interest in F lorida und provided
furthe~ tlwl in lhe event ot the ~ssage ot any such taw ur regul:ition em~wsing a lnx or ussrssmenl ugainsl Murtgt~gee up-
on thia Mortgage or lhe debt secund hernby, th~t the entim indebtedneas securncl hy thia MoHR:~ge shall thernu~?on t~-
~~ome immediately due are~ ~~ayable at the option of Mortgagee.
5, To keep the Mortgnged Property insured ugainst Ic~s or duroage try tire, and ull perils insured :~guinst by an ex-
tendecl co~•en~ge endoraemeM, and auch other risks und ~~erils t~s MortgoRee in its discrelion may require. '1'he ~~oliry ur
~wlicies o( surh inanrance ehall be in the torm in general we from time to time in the Icx•ality in whi~•h thr Mortgugeci
Pro~ieHy ia situnted, ahall he in such ~mount .+s MoHRi~gee mny reasonably require, ahall be issued by » com~mny or
rom~~.~niex Approved by 111oHRagee, und ahuU contain si st.~ndard moHgtiRee c•It~u~ wilh los,4 µ~yuble to MortR:~Ree. When-
ever required hv Iliortg:~gcr, such ~wlicies, ahall Ix~ delivered immcYliately to nnd held by Mor1g:~Rc~. Any :ind al) mm~onfa
rerei~~ b~ Morlgngee under nn~ of aurh ~~olicies miiy l~e ~pplie~l by MortRuRee on the indebtcaln~ws scr•und hemby in surh
mnnner as Mortga~Ree mny, in its sole discretion, elect or, i+t !he option of MortRz~Rc~, Ihe entire amount rcrris~Ml or a~ny
~uirt thereof may F?e rnlenaecl. Neither the npplic~tion nor fhe rele»4e of any such amounts ahatl ~•ure or wnive nny default.
Upon exen•iae ot the ~?ower of snl~ gi~•en in this MortRaRe or other :~~~uisition of the~ MortRaRrci Pro~~rty or :~ny ~k~rt fh~r~-
ot by Morlgagee, such ~wlii•ies shnll 1?eco~ne the nl~lute pm~x•rty o( A1ort~:~Ket•.
6. To (irst obt~in the w~ritten rnn.~nt of A1ortQaRcr, surh i•on~~nt !0 1?r ~Cr:~ntcyl or wilhh~ld r~t the ~~I~ disi•reliun of
MortqaRee, be(~~re (~1 remo~~ing or demoli~hinR any huildinR nuw• c~r hern:~(ter c~tr•tMl on lhe prFmisc•s, Ib? .~IterinR fh~•
nrrnnRement, design or atruMural i•hnrsi~•!er thereof, (r) ma~kinR nny re~u~irs whi~~h im•ol~•e fhe remo~~ai! o( sfrurturfil paHs
or the e:~xisure of the interior ot su~~h buildinR to the elemrnl.~, (d1 cuttinR or rPmovinR or ~~ermitlinR !he c•ultinR and rP-
mo~•al o( any trees or timtx~r on thP MortRnReci Pm~x•rty, (c•) remo~•ing or e:i•hanRinR :~ny tnngihle ~x•rw~na~l pro~x~rfy whi~h
iR ~~.~rt of the MortRaRcti1 Ym~mrty, or If) pnterinR intn or mrxlifyinR an~ IP:14P3 O~ YF1P M~r1~:~R~1 Pr~,~?rrly.
Z To mainte~in the hiortgaRevf Yr~~~erty in R~NKi ~Y~ndition und repair, in~•IudinR 1?ut nof limited to lhe makinR of surh
re~~irn as MortRagee nu~y lrom timp fo time detPrn~ine to lrp ne~~sw~ry tor the prearn.~ti~~n ~~t thP i1l~rftCaRE~I Yrn~~rtv and
to not rnmmit or ~iermil nny w~yte then•u(.
R. 'I`o ~~~mply H~ith s~ll I~~vs, ordinan~•~, r~~Rul:~tians, ~-o?•en:uitv, ~•~~nditinnc :~nd rt~stri~•ti~~ns r~1(~rtinR fhc• ~1nrIR:iRcv1
I'ro~x~rty, and not fo sutfer or ~x~rmit any vi~?laiiun Ih~rrrof.
9. I[ MortRaRur t:~ils fo any ~•lai~n, li~~n ~?r ~•ni•umhran~~~• ~•hi~•h is wu~~r•ri~~r I~r thic 141~~rIK.~Rc~, ~~r whFn du~. :~ny t:~x
or an.srsvment or inturan~r prnmium. or to k~rp th~ A1or1R:~ReY1 Pm~~rlY in rf~~r.~ir, nr chal) ~-ommil ~~r ~~~rmil .+:~st~, or if
there I?e ~Y~mmPnc-~~d any a~lion or pnN~eeclinK alf~fin~ thi~ 111ortR:~Red 1'ro~~erfy or fhe fitle th~relr,, ur IhP infPrFCt nf
MorlRaRee thernin, inrludinR, hut not limitc~l to, e~ninent dom:~in :~nd br~nkn~pt~•y or renrQanizs~fion pm~•ralinRs, thPn
Mor1K%~Kee, at ifa option. m~y pny s.~id claim, li~n. en~•umhP:~mr. ts~x, :~s~4c~c.4~nPnt or premium, with riRht nf cuhrr~Q~fion
Ihrreunder, may m~ke su~•h rnp:~irr s~nd t:~ke su~•h sfF~w :~s it deems sid~~iw~hle lo prF~rNnt or ~•urP sua•h wr~stP, nnd may
appear in any sui•h a~•linn orpnx•eedinR a~nd retain cuansel therein. and t.ike sui•h a~•tion therein :is MurfQ.~R~~e dPC~ms ad-
visaMe, and tor s~ny of su~•h pur~H~ses IlfortR:~Ree m:~~' ad~~:u~ce cu~•h sums ol mor~ey, i~i~•IudinR :ill i•~~sls, re.isunut~le .~tlorney's
fees and other ilems of ~x~xns~e :~s it ~leems ne~~ecw+ry A1orIRaRc~• shall I~e the ~bIP fU(IRP O( ~F1P ICR7fIlIV. ~'7I1(II~V and pr~orilv
of am~ su~•h ~•l:~im. lien, en~•um{rrnn~~e, ta:. assecvmc~n! and prc~n~ium .u~d uf lhr :~m~nmt nM•e~.sanr tn Ire ~r:~id in Qatis(:~rtion .
thert~?f. 111ut1~taRee shall n~?t l~• h~ld a~ ~•ountalrl~ fur an~• dcl:n~ in m:~kinK :u»• su~•h ~r.n•mF~nt. w•hi~•h ~lPl:~y m:~v rc~cul! in
I
' an)- add~tional interewt, c~~gts, ch:~rRes, c•x~x~ns~~ ur ~~th~n~isF~.
i
I 10. M~tt1RaR~~r will p:~~• to 111~~rfR:~R~. imm~~li:~tFl~• anrl w•ith~~ui ~iP~n:md. :~11 .cums of tm~nNV :uh:~n~•~~d hv M~~rIR:+~c~
~ to pmte+•1 fh~ ~•urify here~~f ~rursu:+nt fn thic 1Nort~:~R~. inc•Iu~1inR :~II t'(79IS, fPi1RlII1:IIIIP aUurne~•'c (PFw :~nd ~~IhPr it~m~ .?f
{ ~x~~enee, t~~Rether with iMPmtl on ~:u•h su~•h :~~1~•:m~•f~ment :if thr hi~hPSt ~~u•fu1 r,ilP nf int~rNSl ~N~r :~nnurn in fh~ ~f:~l~• ~rl
~ r'lorida. an~1 all anrh ~ums ~n~1 inlpnw! thPm.m ch:~l) {M c~,•urnd her~h~•.
f
~ 11. All sumc ~i( n~~~nrc vr~ urFy1 h~n•h}• ch:+ll Ir• ~r,~y:~bl~ ~~ifh~~ut ;urt• mlif~l wh,~fe•~~•r fnnn :~n~ ~:~lu;~finn ~•r :~~rpr:ii~~•
~ mPnf 1:?~~~a_
~ 12. U dvl:~ull IK• m,idf• in ~r.~y~ne~nt ~~f :~n~• insl:~lnu~nt ~d ~~nn~•i~r.~l ~~r int~~rNSt ut thP Nnfe~ ~~r :~ny ~rarl Ih~rv~~f w~hr~n
du~~, nr ~n payment, whe~n du~. or :~m• ~dher awn cc•~•urEVl hNrrhY, ~~r in ~re•rfurm:im~e ;iny nf hlnrt~aRor~s uhliQ.~fiuns, ~•ovt•n-
a~its or :~Rrc~ments hc~r~undt~r. all ~?t th~~ in~irhl~dm~sc aw ur~~~l h~rr•Iw ah:lll IM1'~IIIIP :1I1/I IN• If11II1FYI1:lIPIV fIUP :in~l ~myahlP al Ih~
opfi~n ot MorIRaREr, wilhuul noli~•r ~~r d~m:~nd whi~~h arc~ here~h~• t•x~rrreslv N:i~~•ed. in w~hi~•h P~~ent M~,rtRa~~ nrnp :~~:~il its~l(
~~f :~II r~Kht4 :~nd n•mMli~c. at I:~w or in rquify. :~n~l Ihic l11urIR:~QP tn:~v I+c~ I~rr~~i•Ins~~d ~ith »II ri¢hta and rE~merlie~ n(fordNC1 hv
Ih~• Ia~~~R ~t H'I~rida :ind 111ortK:iQ~~r sh:ill p.~y all ~~uctv, rh.1fKPS :IIIfI P7(!If'nce~c th~reul, includinR reawin;ihlP atfarney's fcr.
inrladinK :~11 Qu~•h ~•~~91~s, PXlMI15f'.C an~) :+ttornf•v'R I~F~c (or :~ny rrtri:il. rFhearinR nr fl{)F~.lI9. ~I~IIP ItIfIPI1~pfJflPC9 3PCUtf'O FIPfPI/Y
sh:~l) ix•ar int~r.•sl :~t thp hiKh~•sl Ir.Hful r.ile~ ~~f int~~rrcl ~~r :+nn~~ni in th~• St:~te nt Nlori~l~ trom :~nd .iffNr thP d:ifF :~n~•
wu~•h d~t~ulf nf ~1orIR:~Q.~r. I( Ihe• N~d~ ~rrm~~dF•s (ur inzt:~lmF~nt ~r.+~•mF•ntc, 11~~ A1nrfR:~K~ m:~~•. :~I ife oplivn. ~•r~llr~•t late•
rh:irRe not tn ox~•t~l twn r~~nlc t„r h~~nP ~i~~llar nut ~~:~id In thP !11nN~:~RE•~ tichNn rlur. f~~ r~•irnl~ursu• IhE~ I~1~~rtQo~Re~F~ I~~r
r•x~x•n~.w ~n ~•~rll~rfinK an~1 v~~r~i~•~nK Qu~•h ~nclalrnF=nt p:~vmE•ntc
1:1 I( dt~t:~ult 1~• mad~ ~n p:~ytne~nl. Kht•n duF. nf :~ny in~ie~htE~dn~~~e v~~~•~ire~rl he~t!~h~~, in ~r~rfnrrnan~~~• r~( ;~n~• ~~t
M~~rtQ:~~~~r'v ~~hltK:~f~ons, ~~~rcF~nanls rrr :~KrF•~~m~~nf F1PfPUlI(IYr.
~ ~:~1 Mn~1K:~Rc~e ia aulhnrirt~d :~t any timF~, w~ilhout n.~ti~~P, in ilc sul~ dis~•reticrn to Nnt~r upnn .~nd t:~k~~ ~~~~>.f•s~inn ~~I
~ th~~ 11~~rtQaQfv1 YnqrPrh~ ~,r :~m• ~mrt IhFV~•~~f. In ~~F~rt.~rm ~ny a~•I4 A~~~rtk:~QrP ~Irrma n~~~f~cwery nr ?~rn~,~r In rrrna~~n~.• fhr
~ ~e~vnly and ~u ~•ollf~~•1 :~n~l r~~~~i~r :~11 ~F~nfa, i~cu~w a~n~l ~~~t~(ifc IhPrN~~(, in~•Iu~linR thr~sP p:~cf dur vs vrFl! :~c th~~at• arv niinR
~ thvrea(ler: an~1
~
~ thl M~~rt~aQ~e CIIiIII FM PI?IIIIMI, S1R nu~ll~r n( chirf riRhf. wifhnuf h(~II('A :IOfI PX~~Af~P. 7fIfI WI~FIIr11I rc~Rard fn thr
~ v~luP ~r ~H•~•upan+•y thF v~v•urily. nr Ih~ s~rlv~?n•v nf i~inrt~::i~.~r. .rr thv adsK~a~~•v r,I Ih~ Mnrt~~R~d Ymjx~rty as c~~•uri~y f~r
s ~he N~tP. la hnvP A fPl'PI~'P~ :I~1~Nqfl~f~d In ~nfPr u~Hrn sind t~kP ~x,c~~si~~n O( ~flP R1r~rtRne~vi F'?~~~rty. ~~~Ilvrt ~F1P /Pf1~R ;1R(~
~ ~~mf~ts thpr~(mr» :m~l applv Ih~ ann~F nv IhP ~•.~urt ms~y ~1ir~~•f, euc•h r~c•PivPr to h:~.•P :dl thP riRht~ anrl ~xrw~rs ~~rmitfFd
undf•r th~ laws of Flonda.
~ In ~~th~r ru~~h ~•s~~p, Mo?tK+~RPe ~rr IFu• fPl'PICPf may alc.~ t.~k~ ~?.rsc~csi~m ~rf. aml for ~h~~ pur~xrcrs u~. :~ny and all '
~x•rw~n:~l pn?~?~rh• whi~~h is si ~?s~rt ~r! the 141ort~nRM1 !'rn~Mrty nnd u~d hy Morftt~Rnr in thP r~nt~l or I~:iainR therc~nf ~r
:inp ~,:~rf therecrL '1'he F•x~~nse linc•IudinR rF•~~eivPr'a fw•~. c•rn~ns~l tPea. ~o4f~ and aR~nt'v ~~~mpena,ationl in~urr~d pursuant ~
tn Ih~ ~x?wc~ra her~in ~•nnl:~inwl xhall tx~ aecu?ed hPrphy. Mf/(~((:il?,PP RFIAII IA~~Pf nAV(f1P/1~ of all ~~.sts and ex~encEw in~urrPrll
~ ~ -2- ~
i , : ~ ~ ~ ~ ~~'r 312 ~~..F 1753