HomeMy WebLinkAbout1967 e. To performs comply with nerd abide btr ettki ad eae*f stlplrtitr4 abet, caerdrtion sw oureaaaR ie said pramaswry note and deed
set forth.
7. to the eve•rrt the jurisdiction d the U. S. District Curt slW be insaked bfi er the artgs~o~ coder aoY d the d the
Federal Banl:rtrptcy Act, such actroe, w•3aetber vduataq• err ivaiuetary a tLe pmt a[ tLe ~toctrta~or~ ,shay arrtarmaticaUy, wi •e, no-
ct•Irrate the uratunty d all sums d mosey derem deacas}.ed aed srcored, and tLr saes sfw/ tbrrrupos become deft and payable forthwiit
a_, fully as if the said aggregate stiaarts d mwey sere oripoaYY stipolaoed to be pad w sr3 dry
8. To dedivex to staid liortxsgrrr m .r >tiiane Atarci ISth d sad Steer, tan res~pb evti.'eociea the pn~meat d s0 IavrEully imposed lases
for the prrat+ding calendar S•w, and to ddner to sad atart3;,age+e; re,ctipts esialetnisnt for payment d aU Beres for public iwp:oreu?rnts within
„inety i cJU) da)•s atteY the same staall he+camr due and yljr, and to ppuay or deeisarlpr .ntWn o:oetY i `~O) days after due date, any and aU
Kuzenu,srr,trl lrs ies that uaay l,r rraadr cru the aiortRaped~p~tY: ere then ®orttvtpe a note, a in any other Wray resulting from the Mortgage
iudebtadr,esa secured by dus mortt.',age: and d this o0odzisrrc 3.r eaR eoarpied wirL and performed card martAaxee maY PwY such sum « suuu
whic•1, shall k,cmomr part d the det,t s,eaarad bey this atarttt~uer, and stu¦ bear iaaevest aR the default rate pro+idtd in card pranissary note
pa>:,ble monthly wail paid or said !?toatgat,•crc may elect that said murtlagrr d,rbt thneepm bee®e der aced payable forthwith
~r It is furif,cr cmrnantod and agreed by said parties that r the neat d a sryt bees ms:uoMd to foreclose this mortgage, the ;1lorigagee
shall hr entitled to apph• at any tzars pending we}.. fmcziceu:e s:ust uo rbe court halms jre~drebon tbrred for the appoiat?nent of a re<eiser
_,f all and sarrgular the meatgace•d and d afl r•-~.:. r,:•.-.~ ~ ps~rL•ts, issues and revraaes thrned, from w vtr scone clrriscYl•
noel tlrt•reupou it is hereby espres~cvarxcd noel agse,e+d that the Goner stall [orthwit6 appoint a receistr d sail mrxt#:ar,^ed Pt~rtY. ~
and singular. aril d sucl? re-r,ts, inavuzrs• p:tRits` issues area •e•vr~+ the+ed, frm whatsoeser source derired, with t},e Goan! powers and
darn-s of revellers in like cases; and such spprnvir:,E-reef s.:s13 lr msdr by s>.ch evert ati a mcittct d strict ri~?t to t},e ~tort;agee, its successors,
le-;al reprrsrrrtatives a acs,gns, and wit}xwt ,rfenvcr to fir adr;uw. or ioadegeac7r d the .slur d for pc hereby tzzortKagcrl, or to the
wlcer,cv a iresolserKy d the ~tort;.;agor, and chat soda re:,t.p~ vlitsc c+caar. iis:ars and :r+eaas sba0 be ap~by srteb :ecezver to the pay-
u,ent of the sramtgage indel,re+dness:, cysts and chargts, xrorrizat :o the ceder d sacb snort
1 U. if all or any part d the property Q se iarertst ibevrL is sJ! ar nraasferse.3 bf mortSattar sitFrzat nwrtsCSytK's prior written , urtieat,
rzcluding (a) the ereatioo d a lira or esKVt,d,»rrcr sdeoedinate b t~.is eort~re0. [6i the creation d a peerchut nsoow u•cnrity interest for
houceF,old appliances. (c) a tran_sier by- drviy m d:sa~ or tn• ogee:con d last apoa the death d : mat tena.~, or t d) the :;rant d any
le :iec•hokl iutezest d three scars or less not tnrrtauawg as aptica to rchtse. morl~aree• maY, ai its optiar>. decktre aU the sums secured by
flu. n,ortlCaEe to be irrurx-d,ateh• due and pa}•aLlr. \Iortra~-er sISu,A ~s,r w-aused such option to accYirrate if, P-ior to the sale or tn,~fer,
n,ort_agee and the person, to sz-Lom the property r to l•e soM m Laratevred teach a'reemc~at in writing that the credit d such person alert- '
i~facton• to \torigage+e and that t},e interest pa~•a}Je m tfx seas x,cvrrd br t},s mortgs~r shad be at such rate as ~lort~rgee shall recluesL •
t I - 7dzat in the rent the prerr,ises here-; moctgage+d, or ary° part thereat, shah br ceademrrd a~ tken for p,zWic use order the power
of «•:uirx•nt dcmzain, ilr 1ltortga.er s}zall laze t}x ri_L! to dtzzaa:,d that aB dama3fes awa-drd for the taking d or darnares to sail premise9
+h.+ll •l,e paid to the atort:aces up to the amazed ihea ur~aid m t:m toertFa~r and at the optim d the ~tartgagee may be applied upon
t},r payu,e•nts last payal~e thereon.
I?- The usorigaLOr binds hiotse~f not to tort ter permit !n tae evectitd aey rtes 6dldirt~ m the premises hrrem nNMgagecl or to a,ld to
or Pe•n„it to l,e added to any d dr es:istinz imp:enr•mrats there+m or make arty ebaa2es or akerations in said improvrrnrnis which materially
c!:.rn~_e the same or the use t},rrt+of, without the wzitttn cac:se•nt d t}t ~totts'at~rr, and ua the event d any v:~l.aron a attempt to violate this
.t~t,ulation this moriga_e and all sums secwed htxtley shalt immr._':atEly became else atd ro8ectibir at the option d the ~torteagee.
1 It is specificall)• a;re~ed that ti:„e• is d t}r estie°r,ct- cx ~'.i. covt•act noel that oo waistr d any o}-4_stion hereunder or of t}re oblit;atioo
u•r u,e:l hereby shall at any time i,r heM to Le a w-aia~r-. d tax- te•3ms iereaf err d the instrame~ srcurtd 6erebY_
~4. if foretaosurr praecxlings d am• secnr,d rnoe+t~ie er seticond tern-i de+td or azrr r=aloe b-n d nay land shark! be intitnteel, the ~lort-
~ c::.'••e• ,nsy, at its option. irrun~
jiate}y or thrreafttt dc.iare tlsis wuatYagr and the i~odebtedness srca:rd lwreby drsr and payable forthwith, and
n« at its option prxeed to forrdase this rnorts:a2e•_
I To tl,e a:teat d the indebte~as d ~e \fortga3por to ibr ~Ixtester dr3crbrd herein or secured hereby the \lort2a¢ee is hen',y
.u!.rr,gatevl to t},e Len m liens noel to the ris;}ats d the ow•nrts asd h,d:3rss tbezrd d each and tsar nrwrtagt lien or other incumbrance on the
',,,n ! desc-•ri},eel }rerrin xhich is paid and/or satidie+d m w'..r,3e ac m pa-t oat d the proceeds d t~t kzan drscti},ed herein or srYUCed hPrrLv.
err«~! tl,r re•spettive liem d said n,orieat••rs. lic-res or eR},er irxuz.}.rancrt•s slsa3 l.e and the same and rxh d them hereby is p:esened anal shall
p.:., to and Le held ln• the \tori~a_e•e beet-ia as srcvnty for. the z:nk-l~c,sness to for >toctgazer herein elescrt-t,ed or hereby scturrrl, to the sneeze
« ct«•nt that it would haze l.e-en p:ese•ned and rwld :,as~r }wee pasyrd to and been belt! by rho \tort-Ta~e had it teen doh- and re>;ularly
,,,.i ~r,.,l.. trarsft•rred, set over and delizrr! j unto the ~foRZa~e~t l:,y- stparale - s«i d a~i~aarent aotvrit~tan«}inq the fact th:,t the s:,m.• may
~I .:,tidied and cancel} d d record_ it !.slot t}w irlentioe d the partr_s br-tern lint the same ~d> be satisficrl and nrtce[ler! of r,;or,! by the
! ?u•1,'.,•rs tLen•uf at or about the time d the re,rordia; d this sraatFa~•
lf;. To pay all and sin~,lar th.- cysts_ c•}zar•~ and rc~-mss,, ioci~~i~• ~e~ri Eces rrtsonabtr iocnrred or paid at arty time by the \tort-
Fx•e au~e d t},e failure of tlw y«xt_agar to perfcc~- c~~lv wi-b an= ab r be rxh an! every ti1~ stipulation. agreerrn•nts, con,!itions-
3:~ ? i fl\.•i,:il,t? d snarl pron,issc.r~• rxdP au•l this de+w'. or est},c•r. and r.. ts' such p3•zaeat steer!! lea: interest from date at the default nt? pro-
'i ~ i, ~ .,1 in sire! prornisson• note_
' - :,«•n am an,urIDt of rr,oeae-v to kK paid by the ltattgapor b the llada^re rsrrder the termcf hereof steal! bP in defa,dt. or should the
~ \lr,rica^_or *!e•faezjt in :.m- of ilr Mazer te•rtns.~r
cnnaoes or ccai', , :.s d this ~lartaz?_ then nest! in t}ut sax- the \tori,a_ee ~i~all 6.,ce the
I. rr_l:t. w-:t},out notice to il,e \1ori_aror. to cY~:+ct and recri,r from ~s te:aa_d or b-~see d said mortg3rsCed premises the rents, iss,a•s and
p•e,fits of the real estate her•-}n r„ori^a^c+d ar,d the i:rrp:twt-:neats th~reoa. and to ~r pso~er receipts ant! an}uitt.uacrs t},errfor• and after
I p «i io_ :,11 conunissions d am- rental meat cdkrti~ lase sasse. aad erne reasmabir :ttor~y s fees aryl other necessary evpenses innrrred in
„!I •~-tiu_ same, to apph• t},e procc~c-as d snc~i coilKboen u~ua srr•- ir,e3e6trdrxss d•~zat+oo err 6abilzty. d the ~tortga,tor here+rncler. The
_ i:t Granted t}se \torigace•e urrdrr this par..
aph shall ty in additim ~ nerd sbsH fro[ 6sit or restrict., nay other right or rights >tiranied the
\1n•t-age•e in this ~ttntcage.
7 ti- If the lfori•,a^ors at the time d making this ~lo-t~Fe a ~ thereto take net Irfe insurance desizzutin¢ the \tortgatLee herein
i,.-nrficiar. with a cnm;nam• apprn.•~1 ln- 1}K \tr,r-tgaPC+r or asRSSS j tD the alorttaaee for tM purpose a< securing the mortga^e kzaa
' h••-• I,.• .e•(vrtd, tbr•n tl,e \fortca:.-e shah haste t},e n~ht !o par my rezni® ac+crrnat madrr said policies. and aD sums so esperded sh:,ll he
:,'~!••c) to and }w.•nnp a part of the- principal i:del+tedness se_~cmrd ~+s• tbrf alartr~trr art! shag be t+czc.! br the ~I~rtRa¢rrr to the ~tnrtga2ee
~ r c.•.•h•e r iual c.,nsecati.r rr,ont},h• irzctaIlrrxats, tht fi:~ mordNy instal}mmt to br paid as a part d and m addition to the monthly payment
i urnler this \tortga_e in t},e first cllendar mooRh fallcnca,_ the• e•tpendim,z d said s~ Sorb suazs so esperrled Oo bear interest at the me
i at czhich intere:R is pazal,le upon said principal ind?l,trdraess ant! the liter d thus ~latts~ge shall atend to and secure the Burns so erpeneled
to •••ther with interest thereon ss berein},c-fore prvcidcd_
i 1 ct ~t mori2agee's option. togtt}aer with and in addiitiaq so the moaRhk_ pas~aeat d principal and i~trest payable ender the terms d the
srnred herel•c- ~torigacor shall pn to \tori~zrr each marrtla ~ts1 sad odes falM paid, mr-ttrelfth f 1/1Z) d a sum e,lual to tht
annual premium due far fire. eztc-ndPCl co+rra.r. and ot}xr lua-d loser-3ar roebrd~ E~ood ir,sarance, cosrring the mortgaged property,
tas•s and assessments nett due an the rrtortpst+ed pmpe,rty f a1 as estimated by ~lort~artee} less aD nuns already paid thtrefex. and to be
! d,ti~led by the nnml:••r d months to elapse prior to the date w-bro sib fairs and ataessmeeRs sba~ become delinluent. Said stereo sha0 be
h«•lr! by ltorigaser in trust or credited to the principal d the iaaia. to Pa8 said ~wraecG rases. and assessments a~ shall be applied on the
pa}-meat thereof w•l,er, d„e. Aaz• e°zcess held in trust !ry \taetraeee s~beta said losers paid is fail shag be paid to ~tortcagor, or his assigns,
nr personal mpresentativ+°s. In the earnt d a default err fore+clofuoe said stuns }•,eld o trust mar be applied m any casts d damages sustained
:r: conr.••ction .with the miletitan d tine rate sm,rrd ber•t•trr w~tetbet M slot (ore,dosarre_ or etbnwise_ ~tort¢as[ee any from tismoer to time at
it. option .rai.r, and after ar?y such waver, reirntatr erne err all pro?icions bead rea~r6rs< sash deposits, by rtotiee to ~fortga in writing.
\l },ale any nx•h vsai•rr is in e•ffert. \lartearor shall pay lases. assesamesxs a>d immerses pcemiams as herein elsewhere ed_
'tr. \1ori.agor shall cotnpl. with tl,e• itrcni~ians d oar lease, d this mortpete is m a leasehold_ If this rnorigaze is on a coct,lotninimm nail,
m~-t_agar shall perfo,r• all d mortJrors dslrzations nsrdr the ds,!aration d cmdo®® or master dyed, the by-laws and rrqulatitrnc of
cvrnlomini~:m prote•c-1 and constrtoe^,t ,j«vmeats_ \lort_a_or fr::t}:er *_•osesnaRS that 6e and for association re•cprxrsi}?k for the trperation
of 'he concl„minium tail! ol,cerre all d t},e prozicims d t..e said de+dantim_ and anrs• amendments tLrreto. and d the Condominium law d
t!«•• .fate. arNl will tx•rform all er}•li~at:ortc t}?etr;:rMi-•T, and a fazltnt to do st? which a cot ewred within 30 days after notice glom by the !Nort-
ea~e•e• to t}?e rnortea_'r•r an•1 the said asscsciatirsn shall rnnctitute : defa•z)< aw3rr this mortt'zte_ \tort=attvt farth!r specifically rnvenants. but not
h.• w•ay of limitation, that be and the associatton w-iU obc.r,e a/ d the psa+iisiims d said de+claratioo d ecxdominium reLzting to incunnc-e
rovenge.
21. Mortgagor further cm•tt,ants and a^ret~s that :t the regocst of ~tortraeee to fmais6 a standard termite hood instzrinit againrst darrrage
j },v infestation on the huikiings now o. hereafter located on the matuxd property. in sorb amamis and terms, and with s,rch companz as
aPPrm-cd and re•, ,iced by Moricaee•e: acrd in the e+rrt ylartra_a does oat earsrpl!r vrit6 this covenant atarlRasae shaD have the same rights
i to obtain same u imuraace aosrrage melee coseaaed a3 beted_
T1,at in the rvver,t that this rrw-ttage is Aisrn to senate a cvaatroct5ao loan fatlmr m the part d the ~tort>vagor or the Mortgar;ors
f contractor, architect, engirreYrs, or soh-cw~t-actars to coruph• .-rt6 the terms d tM Coratrnctim [.can Agreement d even Batt herewith,
x-hash is by reftrrnce iacapcrrstc+d herein, stall. at the option d the llort¢ag~ eoostitute a drfank 6ere+adtr.
9~3. if the mortgaged prraaises is offerer reran a cot to foot fa:rc'Iv ds•e~m[, the ~lart¢asoar covenants and acrees that !rr wi0. not later
ti,.u, t}tirty ~ +(t? days afte-r t},e end d the fecal yTar. furnish ®to the Associatim a coorplete and accante h~alance sheet and profit and ksss
.t:,t,-rr,ent reflecting the kfortgacor's Lalxlities ss arC as peeler and ions for the fiscal ~rar. and sac6 balance sheet and profit and Mns statr-
me-r,t shall be prepared by a certified ptabiic acrocatant bcensed ie the State d Florida, and shall be certified as being correct by such certi-
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