HomeMy WebLinkAbout1627 ~l~ PEOPLEB TRUST AND TITLE COMPANY
_ 351 N. State Road 7
Fort Lauderdale. Florida 33317
6. Mortgagee`,, Right to Make Certafa Paytarertts. In the tutor Mortgagor faib to pay alt disa:harge the lazes, liabili+ies, or encumhranccs, or lads to
Jeep the Mortgaged Property insurrD a to akliver tbe pt>liries, premiums paiA, or fails to repair tnr Mortgaged Pruperlya; t+rrein agreral, Mortgagee may
at its option pay ur Discharge the taxes, liabilities, nerd rncwnbrarxa or any part thereof, to praxure a pay for suc6'Inwrarrae a to make and pay fur
,uch rrpain. Maxtgagrr .hall have nu obligatiwt on its part to dNermine ahe validity ar I+ccrssity of any payn+ent thereof 5nJ•any such payment shall not
waive ur attrct any option, iten equity a nght ui Mortgagee under or by virtue of thu Mortgage. Thr full an+uunt of each and every auch paynceru shall br
imtrtediatrly due need payable and shall bran interest from the date thereof until paid at rhr rate of Trn Percent (IOtRi) per annum, simplr iutrrr.•.t, and to- '
gether with such interest, Shall be secured by the lien of this Mortgage. Nahing herein rontairtsd shall be construed as requiring Mortgagee: to advance a
rspcnd mania fax any of the purposes mentioned in this paragraph.
7. payment of lxfteases, Mortgagor shall pay all lht costs, charges and expenses, including tr:asonabk attorney's fees. disbursements nerd cant ul
abstracts of title, ineurreJ a paid at any time by Mortgagee due to the failure on the pan of Mortgagor promptly aril fully to pe?furm, com[tly with and
abide 5y each and every stipulation, agreement, euttditiasr+ and covntant of the Nat and this Maxtgage. Such costs, charges aril expenses, shalll be immedi-
' ately due and payable, whether ax not there be nAlicY, Demand, attempt to evlhxt or suit pending, and shall bear interest at the rate of Ten Percent (10~)
per annum, simplr interest. until paid. All such costs, charges attD expenses so incurred ut paid, together with such interest, shall be sctiured b> rhr lien of
this Mortgage and any other instrument securing the Nae.
R. Additional Doentnertls. At all times this Mortgage is in effect, upon Mwtgagte's request, Mortgagor shall make. execute and deli?rr or cause era be
made, exavted and delivered to Mortgagee and, where appropriate, shall cause to be recorded or filed artJ thereafter to be re-recorded a rrfikd at such
time and in such place`s ac shall be deemed desirable by Maxtgagte any nerd all such further mortgages, instruments of further aswrar+ce, certificates and
other documents as !1lortgagre :nay consider na~essary or desirable :n order to effectuate, caxnpkle, enlarge, perfect, or to continue ar?D preserve the
rh!igations of Mortgagor under the Nae and this Mortgage and all other inurunernu securing the Nar, anD the hen of this 1?tortgage as a tint and prig
lien upon all the Mortgaged Praperly, subject only to Permitted Liens. Upon any failure by Alortgaga to Do w, Mortgagee may tnakr, rxatiute, record,
tile, re-record ar refilr any and all such mortgages, ituuumrnts, certiC•cates at+D documems for and in the nanx of Mortgagrx. Mortgagor hereby irrrsua~-
hlv appoints Mortgagee agent and attorney-in-fad of Mortgagor to do all things necessary to effectuate or assure compliance with this paagraph.
y. ~sertl of Detauh.:\m Derr of the following shall caxuulute an Went of drlaun:
tort Failure by ~lortgagax to pay, as and when due and pa,able, any Enstallmrnts of principal or interest due under the Notr, a eny Drpanits fur taxes
and assessments ax insuran:e premiums Dur herrrutdrr, ur anv other suns w tx pail by Mortgagor hrrcunDrr or under any ante instrument seavcing the Nat
(h? Failure by Murtgagax w July ?earp, peYfarlnr StIJ ubsrlar art\ ntl+er coarnant, cutxlit~on ut agrrrmrul in the Piar, this SllNlb'agl•, any other iusuu
c. ~
\katgagre lists •:?ritten suli:a ,pa~il~ing Ina hre.rah.
r If either \tortgat•ur ar am kuarantr+r ur rndun:r ul rha• lute' Ir1 hL••, a voluntary prtrriun iu h,u+?rupiay, ••r fill n adiudiaarral a binktupt ur ins.,!
a.•,: ur (iii) file- am pa•tirn.m .:r ~n,wrr uti1.+Ug :+f a:Jl:'a•,:irl!' lu .ray nlirf fur itself ulldet .+ny Lrw ,rLNing to bankrupt, y, insolaru,s .rr ..thee Irlia` La
uh' . u• Its t ,ar1.. ur r.n:,ent, la a aaGUirsees in Itrr :+pr:uin:n+rtN of :u+y uusr:Y. nr-riael ?r:nter . •r (ntuid•alur ut ihrl: ur ul rill ur a,tr.' ,utr„ tonal hart
.it; \lu: a•arad I'.•q•.t lafnl:tda, ,,ny ~;anetal ~,.tguuleui tut Ilra• laeneht ut arduu.,, ur tar! lu.,l.• nett adna•-..air in wrstiut• +1 it, il:alnlity t • (nay
...::ht, great„hy r .':a•. ha,r~me Jut; ul (ut1 a •.aut of aunth•R•ut iwisJi:raar enters an urJer. ur.lgrlucm .~r Jrarec approaul}. Itrcliuu h!ad .rg:uu,r
\t•n:EU~ur ur .t,,a - , . , r• ruJnrx+ ut rhr ;Vrte, ,aal,iuy am relict uu.l.r .,try pte,rui a•, lures. r.-Jaral, ,rat•c, •rr other sla°t.tr. I,rw ..r ra•Krlaliun lah•t
. ...:a.Urr... .•t.. rj•.y ur ut!:er r,Jict'ut a:at•t: t,, .=i:.a. ,rtda'., ,+..Itu.:+s; Ja.:a•- ....,.i:r t.rn,:.:r:ad ::ual ut+•.tayt,l lur ar:.r,~.a~a!, u! •ta:•. :!irE
,a:.:a. _a .a u.•w th:.1.,t, •_„n. tllrra. t ur t.~i., .,n, r: ,I..a., r...•.rt 'arut.Setu: as tf.ntga~ut •.i v`.1 :,t .u•~ ,ul••t.u•t•a~ p.,l:.•t
`•i.-:t.•a_r,l i`• y•pax:uc.! +:•t.uut tl:c ;ta,r wurtrn ..•u.;:l: ..t \i,r.l~ar wt•„t. ,,t :•.n.uutra ,hall len+aiu uh,aaatral .::,l,.I.,taya.t :..I mr
f ~rr_E:tte u: •s•r, tNlr J.r., a:•,:h.• ,ut a.,mc...U.a
tom, am tacaah .•I au. walranh ul ma:cnat UItlrUltl UI ally rrpn•srntauua ,t \lun~a,.,t , a:ir~au.ad m the Nutr, thi+ M11urt~a~r ur :urn other unrnu,trnt
a.wltrg rhr Nute.
„t Aeceler9liun. It an carne art Drtault ,hall have uacurreJ, ~torta.+t••-a• nlea dra.ur :h, u,a-r,ul.linr ~.•ur;tt•~t ,•,t•vwd ..t the h .tt• and Iha- rn:a:c,t
:I+arra•. • alai ati Ultlal ,ant, ,r.uraJ Ollrhy, tV Ih 1Ul• aI1J LJydillr' ,nuurJwtah . l.la..,:.u,' .Icalaral.uu .r..h pna.y•.tl au,t uua•rc,l .,dJ .rth. t ,our,
'•~t'! ;:nmrd.:,R•la (r• du -:red p.fa.:h!r ai'h..ci drr.t.+nd ur nutiar.
i. krmedre-. latter lkfaull, l nave au r,enr u( Jalauh, \1u!Igagea• rua~ ~.tu,aa.) ::v „u: ut •uu, .rl law w cyully ut h) e.r, utltar ,.pp•upttata p+.wa'ra:
.•r ratuaJy ru I--! a4:ul. ~ pa,:ncut ut Iha• .`•,Nc ut Ihr p••rturntau:, . t tu, ire;-u..., ~u:.•d.u none- tla turialuu tLl. ~1:atr;age m.J to ,ell, a• .au
t",• • ur w ,a•p.,: ,i.r t.~t, ..r r+.araar.• the \lurt{altaat fhoptrrv lludrl th• lu.treru••rr: -rt d,-rn • •d .t ,•..ur ur •::rr, .•1 aun,l,_t. ul iurr,.ftatl..n. (.1 ,.rllr.i all
• .,,na•,. p:ut•~., ~,a.•nua. In.unrc and ,,thee hrnafm from the \L •rr~.t~rrl 1'r.gt•rr,. IJt at•Ir.nnt a li.a•lacl t.• a•utrr uh•n and take pour„rm of rhr
•"ga.rd 1'ropena .u.d torn aulirat all rot,, is,uas, profit,. rrcrnuc..uaulna. and uthel 1.--otter, thrrcut en.l eppN the ,ulur a, a auUfl ILdy Jlrrai anJ ,ua6
.:•rr ,hat! h..ar .?II rip.ht _ .utd ~ a,wrn tx•rmutaYl under law; ;t:rd Icl Put,ua .m. •,Ut..•r tr:u.•,1 :nat!ehlr to a in, iuJrng, bu: out limitral t., taAin~ p<.,,a„Lau
,"r \I •:taattad 1^.uprth a,tlh:r: I:r•iiaC ur h:anng t:r Mut:gagul \krl:Ealea .h.,ll L.A. ,,at:uu citLa't b, ,u.h pr+watJing, u: by the rvrraiw• ad ih (a,lwu
! . •r, rr,i,r.t to rnt:y ur tal.utg tw„e, :uu, ur *n,!h, s, \INrtgJa:aa• IIIJ~ Dalenuule
. ~ \u Kaiser. tin a'.rl:.y .•t unu•str:n of \hartgagre :,r of am hulakr ut the \utc• to racr.i,a .u+y I c~ht, IHrwar ur u•n+cJy aaaruing n(ru+ any event of Dr
'.r , ,:.IIaII a'\:WLL,1 or uupa? .,ny ,t.:h n(Cnt. power or remad, ur ,hall tx :nose: ua'd to waist any racW ~t default ur to sun,orutr aaywrsarnar Ihcrcin.
t i. \un-Eaduiiae Remrrlir.. lu t:gh; parwer ur rrm•.•dy aunlrnrd ulwn ut rr,rned w M1turtgagar Gy rhr ttiutr. thi. Mortgage ur any other instrun+rrlt
i •_,uring the Mute is evau,r.c of any u:hrr :I~:h:, poorer ur rrurrdv, but torah anJ awry ,uah right, power and remrDy shall br aumulatiar and aunaurrrm
r,rl •tiall be in addition s.. any other right, power and rrmraly gis.•n hrrruuJer •a under rhr Note ur any other instrumem .enuring rhr Mute, now er hrrr-
E€ .tt:;t r%i,UnK ar ISM, m ryutty~ ur by statute.
f iJ. ~uccesson and Assigru &rund. W'henrarr unr ul the parer, hereto I, nanrrd ur ra•tcrra'd t., harm, the non, waars,ors anD as,igns of su:h parts
• ,ea tar +naiuded and al! aosenann and aFrermrnts auntainrJ u. Ile, M1furtgagc, by ur on tarltal( of ~lurtgaga ur Mortgagor, shall bind anD inure to rhr
••rnrfits of their. rr~rQriaC hrirst cuaaessors and assigm, whether ur out ,u rsprt,xd.
r ! ~Lscellaneuus. In rhr csem that arts of Ihr auscnants, agrern+enr,, tenu, tort prosisiuns comained in the !rote, [his ~tortgagr a any other itulrumrnt
bltnl: t!1C ~UIr ,hall be invaLD, illegal or unrnforcrable in any rrs{tr+at, rhr salidhy of rhr remaining covenants, agreements, term, ur prusisiuns contain-
t,a•rrw and in the Nutr and any other instrumem ,enuring rhr Nutr shall tar in noway affected, prejudi:ed or disturbraf Qlrrcby.
i6 Ataarney', Fees. fhr term "auornry's fates" a tsat1 in thi, \lartgagr nlaudrs any and ail legal fees of whatever nature ittduding, but nut limttrd to,
.a. rr,uumg scum any appeal of an interiasauton order ur final juDt:mrnt err any other appeitate pt.xtetling arising out of any iirigatioo.
pbGxation of MurtKagur. Mortgagor ,hall pay rhr ao,t ut relrasin(e ur satis(ymg this M1fungage of record.
.x ?o Transfer. It is understood and agrec•D M Mortgagor that as parr of rhr inducement to Mortgagee to make the loan eaiJenard by rhr ttiutr,
~I•~r•lagre has aonstdcred and reheD on tier crrJit wurthines, auD reliability u( M1turtgagur. Mortgagor ~uvrnants and agrees not ru all, aamcy, transfer,
c., •e ur further erx:umbrr arts mieresr in or any part of rhr M1kxtttatta•J Property without rhr prirrr:.w;nltq~yOU t f ~lortga K, and any wch salt, cunvey-
.:r., e, transfer, (ease ur encumbrance made without Murtgay:re's pour written consent shall be said. tf any ~ sliiult~lr(~pr- tin all or any
r. of the M1tortgagrd Pnaperty punaam to the eaaeurion .•r cnfurarment .rf any lien, srcunq• interest or other {~itsb su ior~yual a subordin-
r ru thi, \turtgage ur rhr lien hrreaaf• such event ,hall fa Jerrnrd U• hr a tramfrr by Mongago: and an event u to
I v. ('hstnXas to NurlgaRe. Atl ahangr,, altrratiun•, drletiuns ur adJiuum to rhr substanar of any paragraph iri Ihtt MtJfrigit?tw~ICs?I>p,~e~agrerd to
Nrrn \turtgagu::.nd M1kntgager have hero unttakJ by \tortgagur as aJdrtiunal pnxaf of Maxtgtltar's COrtsen4- •~•-a P~::16 ; •tt
a b : nOtr
Il w I f 1F:SS N"HI.Rf.(.1 ,rhr \lurtg:lgur has rvr.uterl thi, mstruntem the day and year above first written.
r'i~- _
ti enrJ. ,raleJ nerd 4'72143
.frlt•.ered to the
^rc,rnae uf: ~~pp e
y~'tt~ - IJUV-~-•~ ~ ~ 3v esker -
FILfd-~ KECOR11E0 _ t
. ~ , - -----1-
' toes. TY.fLA. Maker
~ ROGER pp
TRAS
STATE OF FLORIDA CLERK CIRCUIT COUR
~ ss
t~- RLCOaO YERIFIE(1. -
,
T i I~raS~acknuwled~¢ed before me this_ __l-_ _day uf- _ , 19~ , b
j ~
- - . . ~ LARGE
~ • f..
- ~jR P,~E16~8 ~ ~~r.
s ' - Noury Public, State of Florida at Large
~ ~ r + - - •
- ~ This ~ e in acao*danae whh . hapter 636.17 Florida Statutes a~ aathorized by Chapr_. 687.12 Flort~a~t~4t~s.,i