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TMI. m adN 1apwli~+t ~oi?1~tt ~~w~ry or drs moriW9~. t?w Matp~pa. top~tAN w~lh ~rw1 u~ adbtqn to. th~ moatNY p~Yrt~nts undN 1M tam:. i.N •
ra~~ s~cuad Mnby. on th~ sp~aMd patrrn~m daa ol ~ac1~ month unw uw ~a~d no~~ a hdhr w~d. v~nb Wy to th~ Assouatan tM IdbwWp wms
1~1 M Nqt~Mt ol th~ tws Mid ~HMSnNt~ts.l~v»d a to 0~ MvNd ~pw~sllh~ p~rtu~s covK~d br ths mort~ip~. snd an ~nst~llmsnt ol tM w~mwm
a prNmums N~at w~N b~conw dw ~nd WY~bN lo ~~w tM nw~anc~ on th~ pr~m~sirs cow~W Mnby ~yans~ b:~ by lu~. ~nd wudstam. ~s Wwd~d
~ bY W~N~~ ~ P~~~4 a wch otAN I+~a~d a nwr h~wM01y b~ ~~puW~d bY th~ Assoc+~tan. ~nd sn,~nst~llen~nt ol tM pr~mum IAat w~N
Mcom~ dw and p~Y~ ~ rN»w thi matp~y~ wswanc~. ~t any. Such mstwn+Mts sh~U b~ pwl. nspicawly. to on~•~wNhh ( V 12th10l ~M ~s-
t~ms~ed pr~mwm a ptmwms la such r~wru~p. ~nd tu~s ~nd us~ssn~nts r~at dw las ~sumat~d by tM Associatanl Nss sN ~stailm~~cs ~1r~ady
pad tMnfa. d~vdW bY lh~ nwnW~ 01 montM tAa1 W NpN on~ month W~a to tM d~a wMn such Dnrtrum a D~~rtrw++s and taa~s ~nd
ass~ssrtwna w~N b~con» dMrqu~nt. TM A~wcwoon. wlrN ~pply+~p wch W1rmN?ts to ~+swancs p~mwms. ux~s ~nd sss~ssm~ms. b~fa~ tM s~m~
wcor?» d~lwqwnt. snaM na pstr MtMqt lo tM Monpapa on wch funds. and W wc?? paYm~nts maY b~ commwwNd btr tM /?ss«:utan anth u~y
othK wch funds a anM ns own lunds TM h~~ ~n pl~dp~d ~s addiuo~a~ s~cw~tY b~ tM wms s~cund by ~1ws Matpsp~ ~nd ue wbNct to us~ by
~n. ~swcN~an n p~ym.m d°laa c?M~p.s° u?d o~nk cdNnan cnwp.s
ie~ nu ww~s m«+no~+.•d n rn. w.c.oww •~e..cuo~ ot ws w~~w•w~ a~w w wv~~s ~o a ~++o. ~n. ~,oa ~c~~w n«.er u+.u a,daed
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~oy~tn« and tM syprp~n amount tMrw~ ~?~w w oa~d py tM Ma~papor ~~cn monM u, ~ s~rp~ osvme~t ~o b~ +ovw~d bv trw AssocNian ~o tn~
fOMOMMIQ H~mi M tM OfdM Nl iOtd1 1. Tu~s. ~ss~asnw+a. ~nd r~wranc~ w~mwms 2~~1~~~ charg~s" ~nd bsnk colNc~an chupss. w+Mss pNd M
mamw provdW m pHprph a 1~1 3 IM~r~st on tA~ not~ Mcu~~d ha~blr 4 Amatuatan o1 tM p~n+upal ol s~d ron
~?rw d~ficwncY in tM amo~xH d such apprp~t• mo~tMl WYm~nts shaM. uN~ss W~d M th~ Matpapa P~ar to tM dw d~t• d th~ nsxt weh paym~nt. ca+-
suwn an w~nt of d~fauM w+dK eM mortp~p~. 1KiN+oue vwiwr d sny ripM. tM Assocwcan may cou.ct a"lat~ cherys" ss porid~d w+ u» Nou.
5. That ~1 tM toul 01 lh~ WYm~nb mW~ b1l 1M Monppa wW~r 01 Ds~prapA t pr~c~dup s1+a11 ~xcNd tM amount d WYmMts acluslly n?id~ ~Y tM
Assoastan 1or tax~s ~nd ass~ssm~nq u~ nwra~ P~~mwms. as th~ cas~ may b~. such ~:uss shsy b~ cnAt~d bv ~M Assonauon on wbs~pwi+c p~ym~nts
1o be msd~ by tM Monppa. H. how~vN. tM montNy p~ym~nts m~ bY tM Matpapo? w+da la) o~ psraprsph ~ p~c~~y s1++~ ~ot haw bNn wH~nt to
p~y a:~s snd ass~ssm«?ts ~nd MMx~nu D~~mwms. ~s tM us~ m~v b~. wMn th~ sam~ sAsu q~com~ dw and p~rsDh: tMn. tM Assoa~Ua? msY. ~t ns oD-
tan. ~mmsd~tdy pay such tu~s ud ~ss~ssma+ts snd msuqnc~ p~mum. ~nd tM Matp~pa sM11 psy to tM Assowtan any amoum ~sssry to rtwb up
tM dshcwnty. ind suth p~rmNn sM~ b~ dw and p~yaeN MnthM tlwty (30) di~ts ~hN tIM d~N ol msdu~p d ~ot~c~ by tha Assot~itwn Mttmp ftxth Ih~ ~ma~nt
of suth d~hc»nty. 1/. ~t NM~ GnN. tM MOrtp~pOt tMll tMxN~ to tM Astoaatwn. u? attw0inc~ rwth tAe powswns of th~ ~ot~ s~tur~d hK~by fuU p~ym~nt ot
tM ~ntu~ rd~bt~dntss rpr~+qd 1+K~by. tM Assoa~tan shW. n conquw~p tM amount of sucA u~d~Dtedn~ss. ued~t to tM secou~t of tt» Matypa am
bslanca nmsurg m tM lundt atturtwlat~d undM tlr prov~MOm ol (a) ol par~qrsph 4. i
6 To pam~L canmit w wNK no wut~. ~mpaurt~t or d~tMwr~uon o~ wd poDahr a sny p~rt thereol. snd upon ths f~Jun d ths Matpapa to kNp tM
bwW~rgs on sad ProP«~Y io 9ood eondtw~ w rp~r uW munt~ne~. tM Assoaatan m+Y d~+Mnd PropM msa+ananc~ snd tM ~mm~d~at~ rpae d ssd
bwl~Mgs. a ~n ~ncnas~ m tM ~mount ol }~cunry. a 1M ~rHn~di~t~ rpiym~nt d tM d~W hei~bq s~cured. ~nd tM Isdw~ d tM Mortpapa to comply vwth
sa~d demsnd o1 tM Assoc+stan 1a ~ D~d o1 tlw?h (30) d+ri shar consatuu a Or~ach d tn~s matqsp~. ~nd. ~t tn~ optan o1 tns AssocNtan. imrtwdlatMY
ma~we tM ~ntin amount of pr~,eioN ~na me~nst ha~by s~cw~e. and cM Assoaaaon ~m~n~d~atNy ~nd vntnout noau may nse~wt~ procNdw?ps ~o tonebs~
ths mat9ps and apply ta ths ~DPa~tm~nt d~ r~iwr. ~s 1wr~ha prontf~d: ~nd ~n use o1 tM r~fussl. ~sy4ct a~nab~ty d ths Monppor to ~psK s~d
ms~na~n ssd po(~rttr. tM Assoc+auon ma~. at its optan. mak~ wth npws a cawe tM sarn~ to bs m~. +nd sdvsnu nwnsys m thst b~hsH.
7 To perform. tomply vinth ~nd ~bd~ bll ~ad? M~d wMy tM supulatq~a. ap?NmMts. co+~tqns snd townsnts ~n ss+d promasay not~ snd ttws mortpip~ sN
tOrth
8 To cornpi~r nnth th~ wbd~ws.on nsu~ctans and U» mwwc~p~l zonr+p ordwnc~s aPplicabN to tM ma~ysyed prow~ty. r?ot to ~nct a pam~t to bs Nscted sny
r,mn, pwW„qs un the pr~rtwsts hKUn matpsp~d a to ~dd to a pKm~t lo b~ add~d to. make a perrtut to W mad~. ~ny suuctwN sltastwns to anv or t1+~ ea-
nang ~mprowm~~ts tMrwn rvuhout tM wntan cons~nt of th~ AssouaUOn. ~nd m th~ ewnt o1 ~.?y wolstan w stampt to vrolats these st~pubtans. w s~+y ol
tAem. thn matpay~ s~d ~N sums Mtw~d M~~Oy sM~l ~attly bKan~ du~ and WYSWe at tM ePtan of th~ AssocNtqn. .
9 Tna~ m pse of s atsuh in ~ny of tM tMms o1 llrs matpp~ ~od tM 6hnp d~ W1 to for~cbse th~s a any otMr mortyays encumbs~n?p tM vmtlrn descnb~d
properry. tM Assoc~atan sh~d b~ snt~Wd to ~pph. ~t any um~ nntlaut rat~p p~~imp such loncbwro wa. to th~ court hsvmp ~urRd~ctan tM.wl tor tM sp-
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pwntment of s rece~ver ot ~N snd snpular th~ matp~p~d pqpaty. ~nd d ~11 U+~ r~nts. ~ncom~s. pohts. ~swss snd rove.wes tMnol. trom wMtsow~r sou~u ~
denved: snd. tMreupon. it is hKMy ~~p~ssh rownam~d ~nd sp?Md q++t IM cou~t shsN torthvr~th sppant s nce~w. ol ssd mort9aq~d propKty. sN snd i
s~~~gubr. and ot wch rsnts. ~ncom~s. pof~u. ~ssu~s and r~v~ew~~s tMrwl. from whstsosver souru der~vM. nnth the uwsl povvKS and duelss of r~vws ~n I~Le
cases. and wch sppoN+tm~n1 s1aU b~ mad~ bY such couh ~ ~ matta of :uKt rpht to tM Assoc~atan. and anthout re~srenc~ to ths sd~~uscy a~adsVuacy ot .
the value of tAS propsrt~r h~nby maty+pW. a lo tlw solwncy a~ruolwncy of ths Mortysya. snd th~t such ronts. prohts. ~ncomss. ~ssws. snd reverwss sAsN
pe app6ed by such rsc~ to tM psym~nt ol tM matpp~ md~badn~ss. cosa ~nd chsrpes. acoadw?p to the ader of wch coun
10 That in the svsnt tl+e ownenh~p of tM monp~p~d p~m~s~s. or ~nr Wrt tMnot. b~com~s wsted ~n s person otAer than the Mortyayw. the Assonauon msY.
wanou~ notKe to the Matpsya. d~al nnth sucA succ~ssp a succ~stors u+ mbnst nnth nlNence to t~rs r?wrtpaqs and ths deW hs.~bY sscured. m the ssmt
manner as vnth tM Matysyor. vinthout m sny w~y wUat~np or bstlNrp~np ih~ MatOspoi s AsbMq hereunder d upon tAe debt hs~eby s~turad No ssls ot the
p.erruses nerebr mortq~prd snd no tawuance a+ tM v+n o1 ths Assou+tan. ~ad no e~uns~o~ ot tMe ume ta tM wrment ol tne deDt Mreb~r s~cund prven
by the Auocwtan..s~aN operste to rsNsss. dncharp~. mod~t~r. chsnpe a ~1f~ct ths a~na~ ~a~~t~ ot ths Mortpsya hKSU~. Nther ~ wl~o~s or ~n psrt
1 1 That ~n the event tha p~m~ses h~reby matp~p~d. a aMr pan thK~of. shW b~ cademnsd uW uken under the power ot em~n~nt doma~n. tAS Assoaauon shsY
have the rght to demsnd thst s11 damspes award~d for ths ukrp of a~nwry to ss~d prem~ses shs1l bs pad to the Assoustwn. ns wccessws or sssryns. up to
the amount then unp~d on ths mortps~e. and may b~ app~Nd to sny wms tast psysda hereunder
12 Tha~ ume K of the esse~ce of tMS contrsct snd that ~o wan~r ot ~ny e~b4patwn n~wnder, or ol [he oW~gatw~ secured hereby. shalf st any ume tnereaher be
Aeld to ba a warver of ths terms he~pl pr ol tM prom~ssory note secured hereby
13. In the event of any delault u? snr ol ths terms of tMS mortpaps. w n ths nou s~curad hereby. and scce~eratwn by the t+ddsr. a any oths. s~twtan tna[ would
cause the unerest ps~d a psyaWe undu ths oblpatan to ~:ce~d the mtvest rsts authorued by Isw. tne~ m such eve~t au s:cess ~ntersst ther~totae pad shall
be aedted to pr~napsl s~d sN accrwd ~nd unp~~d ~auu mtenst sNN ~te ~rd shsu not be sn obl~gabon ol the msksr a of any othe~ person
14 That to tha e:tsnt oL ths ~ndebtedness ol tM Mafpapa to U+s Assoaata~ dtscr~bsd herem or secured hereby. the Assocut~on a Aereby wbropatsd to tAS tK~
or Dens and to the rghts o( ths ownN ~n0 holda thM~of of e~th snd every mortp~Qs. w other entumbante on the Wnd destnbed here~n, wMch ~s pad snd
saast~ed. m w1+de o~ ~n part. out of ths procesds d tM Iwn descnbsd M.an a secursd hereby. a~d she respecuve I~ens of ssd mortysyes. 4ens w othe. en-
cumbrances. shatl be. snd the s~m~ u+d e~ch o/ them henby ~s p~ssrved ~nd sha11 pszs to anO be hetd Dy the Assoc~auon Aere~n ss secw~ry for the ~n-
, debtedness ~o the Assoaatan 1rors~n d~scnD~d or henby s~cw~d. to t1+~ sa~ne eatenc that ~i wouM nave been peserved a~d would have bee~+ passed to and
been held by the Auoaatan hsd rt b~en duh ~nd r~pularly issprkd. uarnfprsd. set over. and delrve.ed u~to tAs Assoastwn by sepsrate deed of ssspnrr.ent.
'i nocwrtnstsnd~ng tne txt tMt ths sun~ may bs satni»d snd canc~tlW of nco.d. ~t be~np ths mtentan ot the psrues he~ew thaf ~he seme w~11 be sausbed and
canceued ot rscord by ths hoWas thH~o1 at w aCout tM am~ ot tM r~cad~np o~ thrs mwtpipe
15 That d any o/ tne wms of money haa~ rHsrnd to b~ not pomptly snd fully pa~d nnth+~ tlur~y 1301 dsys ne•t aiter tAe ssme sevaally become due and wyable.
w~1 exh and every ths sbpulatans. apre~ments. cord~twns ~nd cownants ot sa~d pronussory note and tMs mo.tgage. o. e~ther. are not duly perfamed. com-
f pbed w~[n and ab~ded by. the sQprs~ate wm unpad unds~ sa~d promnsory note and tMS matga9e snaN Oecome due and payable forchnnth o. thereatter. sf the
k optan ot the Auocwtan. ss fu~r snd wmpMtNy as ~f wd ~pprpat~ wm ol money were a~y~nally supulated to be pard on such day. anriMrp ~n sa~d
! prom~ssory rate d here~n to the contr~ry notw~thst~nd~np
gagor par any tas assessmen~. bab~hty. obl~ga
! 16 ihai wder to accelerate the m~t~x~ty ol ths u~dMtsdnets hsr~by s~cursd bscause of the 1a.lure o1 ihe Mat to
~ t~on a entumbrance upon sa~d ptopsrty ~s her~m prowd~d. ~t shaM rot be ~ecessary nw reqws~[e that cne Assouai~on shatl I~rst pay the same
~ 17 It a conveYance shouW be msde by ths Mwtys~w of tM psm~s~s nero~n descnbed. p any psrt hereol. and tne grantee named such conveysnce fa~ls or
retuses to aswme ihe psyment ol the oDl~atan ev~dsnced by s~~d pom~uwy rwte ard secured by th~s mwtgage. and ~n xcadance vr~fh then respei:uve
teims. a~d abde by the rules i~d ~spu~atans o~ tM Assoaatan. ~nclud~np paYment o~ s reasonaWe translm fee. then. and ~n that event. at the opt+on and upon
the demand o~ the Assouatan sll wms ol money sscured M~eby shs~~ ~mmed~ately become torthvr~th due and psyable
18 That tt~e abstract a sbs[rscts o1 btk coveru~y the ~nwty~ped p?op~?ty shslt at aU umes. dunng tt~e I~fe oi tMS mortgage. rema:n m the oossess~on ol the
Assouauon and. rn event ol tha toreclowre of tMS mortpsps. w othsr trsns(e~ of utle w the mortga9ed p~openY. m e:i~ngu~shment oi the ~ndebtedness secured
hereby. ali ngh1. utle and mte~est o~ ths Matpayor ~nd to srry such abstraas o~ e~tle shall pass to the purcAaser w grantee
19 Shoutd the ral~drty or hen ol th~s matpsy~. a ths note secured thereby. be conteste~ by 4ugauon or otherw~se the Mongagw agrees to pay to the Assouatan
the cost of defend~ng the sams ~nclud~np ~ reasonsble anorney's fee
20 To pay au and s+ngular the costs. charyes a~d eipe~ses. includng ananey"s (ees reasonably ~ncuned a paid at any ume by the Assouation. because ot tt~e
~ iaJure of the Mortgagor to perfwm, comply vinlh and at»de by tach and every the s~~pulat~ns. agreements. cond~uons and covenants ot sa~d promissory note
and thn mortgage. or e~t . and every wch (ax for ths payment ot the monthly ~nstaUment as requued by the Prom~ssory Note) shafl bea~ ~nterest trom
date et the rate of 15~ ZjQf',11 f~~y paid.
~ 21 The Assocwuon shall have the npAt st sny t~me and from t+ms to t~me and nntlwut noUCe to or consent ot any person to lal re:ease any poruon o( the prem~ses
from t?ie t~en of th~s mortqaps. (b) ~elease s~ryr pa~son MsWs fw p~yment o1 any indebtedness secured tiereby, Ic1 extend the t~me ol payment w alter tMe terms
of pavment of aIl a any pan ol the ~rde0tsdrsess. wrtAOUt aH~cunp a rNess~np tAe personal Dab~l~ty ol a~y pe~so~ ~~ab1e lother tAan any person released pur-
~ want neretol for the payment of any wm a interest sscw~d hereby snd rnthout ~n any w~se attennp. varymg. w d~rrurnsh~ng tlu faces. effects. a ben ol tMs
matgage o~ a11 the prem~ses not spst~6tslFy relessed Irom ths ben of th~s morto~ py the Assouauon
~ 22 Any agreement he~eafter msde by Mortyayor an0 Assoaat~on purwsnt to th~s mortqa9e stwll be supenor to the nghts o1 the holder of any mterrenmg I~en or
~ entumbrance
~ 23 lipo~ ~equest of Mortgaga. the Assoustwn may, at rts sole opuon. from ume b ume. befwe full payment ot au u,debtcdness sewred hereby. make fwtMr ad•
vances !o Mortgagor. provbed. Aowever, thst tM btN p~~nup~l secured hereby and rema~rnng unpad. mclud~ng any such adrances. shafl npt at any t~me e:-
ceed the a~nal pnncK,al wm sscursd hereby MatQpa shall pay ~tl such furtAer advances w~th ~nterest a~d tne same shaN be secured hereby All provisqns
~ ol th~s mortgage shall spply to exh further advsnce as wsH as to sl1 otAer ~ndebtedneu secured hereby Not?ung here~n co~ts~ned, hpwever. shall hrtwt ths
~ amount secured Dy th~s mortgage ~1 wch ~meu~t n ~ncre~ssd Dy advsncas made by the Assoc~atron. as here~n elsewhere pror~ded for to potect the secunty
~ 24 In the event the Mortgsgor here~n. or any wbsequent Matgagor. or any pe+son a corporat~on owrnng any ~merest whatsoever, shou~d encumber the propsrty
herem mortgagsd by an instrument tommor~ly re~l~red to and known ss s'"wrap-around morigage" w~thout (ust obta~n~ng the wntten consent ot the AssoCN-
F~ tron, then. at the optan ot the Associst~on. the obl~gatron secursd Hy tM~ Mptgage sha11 ~mnxrbately become due and payable
~ 25 To provde the Assoaatan vrith Flood Insurance Covasys d tM rNl pnp~Ay ~s nowr a hereaper dete~nr~ed to be-nntMn a spec~al Rood haiard area as ~ "
` on Flood Hezard Bourdary Map/flood Inwqnce Rate M~p as~ubf~tf'b~_tIN.Federal Insurance Ad+~uustratwn
Z8. At the rsquest ol ths Mortyaya, tM Assoc~at~on sprNS W w~iMrNf~p
~od~{oµs Of p~tap~aph 4 relatrve to the ueauan of a hstsrd mwrance sccount. p.ovd~
however. tAat the Asaoaa[an r~uxn tM rpht. at ns optioti~,
t~ ~rlnMat~ ~udi ~ of sad p~.sprsph 4 as m oDl~gat~on of ths MortQspa 1»rsunder upoR~.
ine naoo.nng o~ uw ot en. rouowuq: - • q~~
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A. fa~bro to mak~ any paYmsnt nqua~d und~r fM:t~Tp~ tlN no{~ on.o~ iMW~ tM dus Caa tAereof ~
B. Fa~h+re to comphr ,~ntA tM u?wnnc~ provn~ons o~ p~rpqp~ 3. ot ot u~y p{~th~ otMr tNms and oaidtwm o! tlws mort~ a not~. or rwth tM uiwru~c~ '
r~quK~m~nts contain~d m tM D~danUOn ot (~Mdorf~MMins.MM rM~t«k.~oq~ts should t1» mor~y~y~d wope?h~ b~ oomm~tt~d io cadoawrum~ ;
devebPmsnt " - - - ` " r'n i
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3TATS OF FIARIDA )~Th rego~u~ was acknowledged before me this
«~'~'n COUNTY OF 3T. LUCIS ~::tl~` of Juae, 1979, by L. DANIffi.
~ MLCA 12 ~1 Y, hu band and wite .
~ iY f. ~LK STAIE ~ R~ AT
My Co~lssion Expf~+E~~ ~ ~ ~
~ r, ,?tRU C~nf~Al MK. t~HMiR~ i E!S grv C l