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MORTGAuE made the day below set forth between the Mortgagor below named sad the Mortgagee, METROPOLITAN 1110RTGAGE
CO., a 1~7orida oorportation.
W HEREAS, the Mortgagor is indebted to the Mortgagee as evideaced by a certain mortgage rate (Note) otevea date from the Mortgagor
to Mortgagee ss described below. F
To secure to the Mortgages the pedormanoe by the Mortgagor of sU hie agreement: set forth in this Mortgage and the Note, including the
n~ayment of the indebtedness evtdeno_ed by the Note. interest tl_tereo4 sums sdvaaoed by the Mongag~ is aocordaaoe with the provisions of
this Mortgage to protect the lice and security thereof, and interest thereon, the Mortgagor does hereby mortgage, gent and convey to the _
Mortgagee the real property described below toget~ier with (a) aq easements, tights, tenements. hereditament:. Hots. isaua and proCt:
appurtenant thereto: (b) all buildings. structures sad amprovemeats sow or hereafter located upon acid real property. (c) all of the following
presently attacbod thence. pt plu fucturea and e4uipment, elxtrical conduit and winag and factures, heating and cooling and su
oonditionwg equipment sad futturea, s~pd~n fing and irriSatton equipment sad factures, pumps, fences and awnings; and (d) range, oven and i
refrigerator presently upon the premises; aU of the foregoing are herein nfened to ss the "Property." To have sad to hold tl~e acme unto the
Mortgagee, itt auooessors and aasigris. is fee simple.
The Mortgagor coaveaaats that be is lawfully seised of the estate hereby conveyed and 6e has the right to mortgage, grant and convey the
Property, that the Property is unencumbered except as may be below noted, and that the Mortgagor will warrant and defend the title to the
Property agairist all chtima sod demand:.
And the Mortgagor ooveaants and agrees as follows:
1. To promptly pay when due the principal of and interat on the indebtedness evidenced by the Note and prepayment and late charges as
provided therein.
2 To pay all taxes. assessments, charges, fines and other imppoossti~ions of governmental authority against the Property within sixty (tS0) days
of when due or sixty (60) days prior to the acme bxoming deGnclueot, whichever may first occur.
3. If it is noted below that this is a second or other subordinate ranked mortgage, then to promptly ppasy when due principal and interest
owing under mortgage(e) of higher priority ("Prior Mortgage(a)'~, to promptly pay to the holder(s) of Pnor Mortgage(s) sums due on aecouat of
taxes and insurance premiums ss may be provided fir under the provisions of the Prior Mortgage(e), and to of raise fully, promptly and
completely keep sad perform aA of the promises and coavenaata of the mortgagor under Prior Moresage(s) and the promissory note(s) secured
thereby; all of the foregoing wiWout regard to any waivers, extensions or indulgences granted by the hoWer(s) of Pnor Mortgages) unkas with
the prior coriseat of the Mortgagee.
4. Not to applyto, request of, receive or accept tram any holder of any Prior Mortgage any money, funds or things of value which would, ~
might or could be coastdered as an advance secured by the lien of such Prior Mortgage.
S. Not to commit waste or permit or suffer the impairmcat or deterioration of the Property, not to eruct or permit to be erected any new
buildings on the Property or any structural alterations to existing b'iiildiags without the Mortgagee's prig written consent; to comply with all
subdivision ratrictions and zoning and other regulatory laws and ordinanoa affecting the Property. If the Property is a condominium unit, the
Mort~a~or shall promptly and completely perform all of his obligations under the decla.:.tioa of condominum and the condominium
associauon's articles of tncorportation, by-laws and rules and regulatioris and other conistituent condominium documents including but not
limited to the pa nt of all n~ular and especial assessments, the liens for which against the Property might or could have priority over the lien of
this mortgage. if the Property is part eta planned unit development, the Mortgagor shall promptly comply with all provisions of the declaration
of oovenanta and restricuoris establishwg the name and shall promptly fulfill all hie obligauons under the constituent documents of the planned
unit development including the homeowaera association's or its ec~uivaknt's articles and by-laws and shall promptly pay all assessments or
' charges of every nature (no matter bow designated) the lien for which against the Property might or could have pnonty over the lies of this
mortgage.
6. To keep all the Property insured as may be required from time to time by the Mortgagee against lass by fire, windstorm. hazards,
casualties and contingencies for such periods sect for not less than such amounts as may be reasonably required b)r the Mortgagee and to pay
promptly when due all ppremiums for such insurance. The Mortgagor agues to deliver renewal or replacement polices or certificates therefor to
the Mortgages at kart fifteen (1 ~ days prior to the expiration or anniversary date of the
existing policies.The amounts of insurance required by
the Mortgagee shall be minimum amounts for which said irisuranoe shall be written and it shall be incumbent upon the Mortgagor to maintain
such additional insurance as may be necessary to meet and comply fully with all co-insurance requirements contained is said pohcres to the end
that the Mortgagor is sot a co-insurer thereunder. Insurance may be wntten by a company or companies approved by the Mortgagee (which
approval shall not be unrcasonabl~r withheld) and all policies and renewals shall be held by the Mortgagee unless in the possession of a holder of
a Pnor Mortgage. All detailed designatioaa by the Mortgagor which are accepted b~ the Mortgagee and all agreements between the Mortgagor
and Mortgagee relating to insurance, now exisung or hereafter made, shall be m arising and shaA be a girt of this mortgage agreement as fully as i
though set forth verbatim herein and shall govern both parties hereto. No lien upon any polity of insurance or upon any refund or return
premium which may be payable on the c~noellatioa or umm~ation thereof shall be givsn to other than the Mortgages except a holder of a Prior
Mortgage or by proper endorsement affixed to such policy and approved by the Mortgagee. Each policy of insurance shall have affixed thereto a
Standard New York Mortgagee Clause Without Contnbution making all loss or losses under such polity payable to the Mortgagee as its
interest may appear. Ice the event any sum or soma of money become payable thereunder thelblortgagee shall have the option to receive and
apply the name on account of the indebtedness secured hereby or to permit the Mortgagor to receive and ass it or any part thereof without
waiving or impairing any equity, lien, or right under and by virtue of this mortgage. In the event of loss or physical damage to the Property the
Mortgagor shall give immediate nouce thereof by mail to the Mortgagee and the Mortgagee may make proof of loss if the same is not promptly T
made by We Mortgagor. In the event of toreclosun of this mortgage or other transfer of title to the Property all right, title and interest of the
Mortgagor in and to the insurance policies shall pass to the purchaser or gr!>:tee.
7. if the Mortgagor fails to perform his covenants and agreements contained in this mortgage, or if the Mortgagor fails to perform any duty
or obligation arising under a Pnor Mortgage (including the payment of principal and Jor interest, deposits on account of taxes and insurance _
premiums and late charges even though the holder of the Prior Mortgage has made no demand thenunderand has not threatened any action in t
connection with the same), or if any action or proceeding is commenood which materially affects the Mortgagee's interats in the Property,
including but not limited to eminent domain or code enforcement or arrangements involving a bankrupt or decedent, or if there is an apparent
abandonment of the. Property, then the Mortgagee at its option may pay to the holder of a Prior Mortgage all or parts of the sums ne+c~ssary to
bring the Ppor Mortgage current, may make appearances, may enter upon and secure the Property, may disburse-such other sums (including
but not Waited to the: payment of instirarice-premiums and taxes), and may take such other action as the Mortgagee reasonably deems necessary '
or advisable to protect hk inttrats in the Property, all without regard to the value of the Property. Any amounts disbunod by the Mortgagee
puniuanr:to the provisions of this paragraph, together with interest thereon at the rate of twelve (1296) per cent per annum shall become
additional indebtedness of the Mortgagor secured by this mortgage. Unless the Mortgagor and Mortgagee agra in venting to some other terms
of paytnent,.sach amounts ahaU be payable immediately. Nothing in this paragraph shall require the Mortgagor to incur anyexpense, make any
disburseuieet or taEe any action whatever. _
- 8. All procooda of any award or claim for damages direct or consequential in connection with any condemnation or any other taking by
emiAeitt domain oltbe Property or any part thereof, or for conveyance m heu of condemnation or eminent domain are herby assigned and shall
be paid to the Mortgagot. Unless the Mortgagor and Mortgagee otherwise agree in writing (a) all proceeds neeived by the Mortgagee shall be
applied to the sums secured by this mortgage without imposiuon of any prepayment charge, and (b) the application of proceeds ahaU sot extend
or postpone the due date of installments of principal and mterat or change the amounts thereof.
9. Any forbearance by the Mortgagee in exercising any right or remedy hereunder or othsrwise afforded by applicable law shall not be a
waiver of or preclude the exercise of such nght or remedy. The procurement of uisurance or the payment of taxes or other liens or cl?arga or the
payment of sums under a Prior Mortgage by the Mortgagee shall not be a waiver of the Mortgagee's right to aaxkrate the matunty of the
indebtedness secured by this mortgage. All remedies provided in this mortgage an distinct and cumulative to any other right or remedy under
this mortgage or afforded by law or equity and may bt exercised concurrently, independently or successively.
!0. To pay all costs charges and expenses including attorney's foes (whether or not litigation occurs and if it does then those on appellate as {
well as trial keel) and abstract costs reasonably incun~od or paW at any time by the Mortgagee because of the failure on the_ part of the
Mortgagor to perform, comply with sod abide by all of his wvenanta set forth is this mortgage and/ or the Note and/or Prior Mortgage(s) sad
the promissory note(s) secured thereby.
I. The. Mortgagee is a licensed mortgage broker under Chapter 494, Florida Statutes. 8~~~ ~~~~e,'=V
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oPrepared by Stinky. H.-Spieler, 4700 Biscayne Boulevard, Miami, Florida