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Home My WebLink About1662• ;. , - . -. s. Thu il tbe mo~aaor faih or retuses to thYS ~eNir asJ/u~ .ipsure ~d prea~ises. o~ to deli.e~ wd~ iawranre policia. p~m~~~s Pa~d. u 1KK~~ p~d~d, er co p,r a,~a ~ a.~ usq ~.s,e+s~nt~ liN-s. chsr6es. or wher costs he~eia ~~eed to be yiid ~od discha~6ed. ihe aor~is~oe ~oal. u U's K}trt~t ww. malk-i~ tPai~s, procnre sucb iawrance. or paY and discbar~c wch ta:es~ assesuseats. liem. cbar~es or other eostsr and tlwt it slup uot be oblytuory on tl~e mortRa6ce to inquire_ iato the nece~itT or faliditr ot sucb repain. taus. astaswie~ts. Ueas. c6uAes or o~ costs• tbat nothin~t henin coataiaed shal) be co~- ~~ ~+ ~~p6 ~~t16~t~ ~+d~~nce aaY ~ooaep for aa~ oI tlie pu~poses afo~~sid; thst the e:erciae bY ~he awrt6aaee af his o~ in optiow te sd.a~oe moweri for suc6 pnrooses shall iw so wix w~~re o~ aAeet 6is or its ri~t of faecbwsr or a~~ wl~er risl~t or rewrcd~ herenade~; tUat dl aaweps tlros psid a6a11 draM iate~est st the rate o( te~ I101 pa ca~~ pec ananm. sod. ~o~etber Mit6 all reasoa~bk ~ttornef"s iee~ oew, chartes„ abtraet tces asd ~peaus oi fonecloanre or wbe~p~ oceedia`s, shaU be repaid to t6e ~o~tsa~pee. oa demaad. and s6a11 becown so a~ne6 additioaal indebtedncas huebr secured. sad i( aot othc~rise ~ psid b~ the mo~tpbor. to be paid out of t6e prooeeds ot tie sak ot t6e ~nataa10ed oresises iw nse a1 (oreclo~ure as hereis ~ I~rovided- 9. 'flut so eite~s~ et tbe ti~e ar ~odi6catia~ ~t t6e terss et pa~a~eat hereiwbore recited aor u~~ relcase o( aa~ put ac ~LS O~ tI1E AOtt6l~ld Pf'l~II~G MO lIqU6I1 /Oidt ~~tlW~l t~C CORfMt OI t~G wo~a~ . shaU release. reUere er dixhar~e t6e oon~a~or iras t6e p~lmcot o~ u~ 01 the aums 6eRbp seeured. Mu i~ meh ese~ het t~mo~a6o~ aball oerertke{qs be liabk to pay sre6 su~as acoordias ~o t6e t~s et mch e:teasiow er sadi6eatio~ ~slps e:pcessl~ rekased and dise6u6ed ia rtitins bp tLe mort~ee. 10. 7Uat ia eax of de(auh io aa~ d t6e patments ot priacipal or iaterest. accordin6 to tbe teaor or e5ect ot said note or ootes or ia case ot tbe actwl or t6reateoed de~oGtiao oti reao~al o( as~ baildia6 os sa~d preaises. w ia tbe ereat e( aa~ actual ' or threatened 'uepairmeat of tbe saurit~ 6ueb~ gaated. or is t6e e~eat oi detault ia the pa~o~eat oi ae~ part ot t6e prineipal ot . said aote or notes aeeordio6 to tLe teaor thereof. at the ta:es. premiuaa ot i~raece or aa~ other sums to become due henunder. u tt~e same shall aspectirebj betome doe ud pa~abk. or iw the t~eat o( d~e bnac6 0( a~~ o( tbc co~enaots 6trein oontained, ~heo. aod ia aa~ wcb e~eat~ t6e eatire prinapal ws 6ereb~ saared and tbe iaterat thereoa. snd asr pa7meats wbicb ma hare been made bp ibe mort6a6ee (ar repai~s. iasuranee, ta:es. as.essments. eosts. char~ e:pensea, abstraa fea. attorneli ~ees or othcnrix. ahall at t6e optioa of tbe ~taaBee, become i~ediatel~ dne aod ps~abk ~it6ont tarthe~ oaioe aad this mort6s~e sa~ be toreebsed ia ~be aanner and nit6 t6e aaoe e8ect as it eac~ asd exrr ot t6e said iadebtednesses hsd ot6erwise matured. ll. T6at ia eax wit shdl be institmed ia ~ competeat conrt to foreelase t6is oo~taaae, tLe mwt6a6ee sball be eatitled, as a matter oI ri66t, aad ~ritbout re~ard to tLe ~alue ot tbe premises. or soheae~ or insohrc~ of t6e puties. and wit6out owiae, to the appointment of some sritabk pmoa or wrpontioa ai a reoeirer of and far ad ~ad aiw~ular tbe aort6a6ed premixs and t6e income aad pro6b thereo(. sue6 reoeirer to 6are the mwl po~+ers asd daies of reeei~as iw ssc6 cases. intludin6 t6t ris6t to eatcr npoe. receiee. recove~ and uke, eo~plete poasasioa oI said propert~ and tbe rents, inco~se aad profits tlereo( which s6a11 be spnlied br sue6 recei~er aaocdias to law a~d usder tbe direuio~ ot tbe coart makins such ~ppoiuuaeat ~ 12. T6at in the event tbe mort~ed premises shaU be sold ia fo~cclown prooadinas or other prooeedia6s t6at ma~ be authoriaed br lar, tbe prooeeds of sac6 sak sball be applied as follors: FirN. a t6e pa~ment ot al) upanes inearred beceua- der. inelndin6 a reasonaWe attorae~s tee for meh senic~es as ~q be wecasatp !ar tbe eolkclioa oi t6e setwred iadebtednas or an~ part t6ereoi aad t6e toreclowrc ot this aartEaae: seoowd. to tbe pa~est ei v6ate~er anm or sums t6e moet~aaee ma~ ba~e pud or become liabk to par in urtpioa out t6e optioss, ters~s and stip4latioas ot tlus sort6a6e; t6ird. to the paTmest aad satis- faetion o( said'note and the iaterest tLereon. ~ 13_ That t6t mailina oI a~rrittm aotioe or danaad addressed to tbe ornu o( tecord of t6e mortasaed premixs. ot dineted to tbe said owaer at the 4st addras aeaall~ tnrnis~ed to tbe mon6a6ee. or diree~ed to said oraer at said ~ed Premi~es. and maikd br the Uaited States mails, shall be aiicient ootice aad demaod in u~ case ariain6 ander t6is iestrameat and m quircd br t6e prorisions hereoi or b~ law. 14. Tkat tbe mort~or herebp ~ai~es all ri6ht of Lo~stead e~ptiow u tbe 6ereiaabo~e dnaibed propert~ aad a6rea t6at tha mortgaRe and the note oc aots abosr dese~ibed s6aU be eomtrued :ooordi~ to tbe la~s ot t6e State o[ Fbrida. 15. T6at in tbe erent tLe mort6aaor s6ou:d aesian tbe renu of tbe ~ortaa~ed premises, or m~ part t6ercot ~itboat t6e oon- sent oi t6e mortdasee, tl~ea tbe eatire principd snv aecured bereb~ shdl, at t6e option o( t6e vort6aate. become immediatelr due and pa~abk: ~hat tbe mort~or. to furtber secure tbe pa~mew ef tbe indebtedneas 6erein above dexribed. does bacb~ axi6o to t6e reort6asee. dl the reab and profits of aaid prea~ises wtariss aad beoooiio6 due sa6mequeet to and dorins t6t pee- dencr of an~ defsrlt in t6e pa~meat of ae7 pciacipal or iaterest 6ere6~ xsored or is tbe puforsance oE ur oi t6e eorenaats herein coataiaed. 16. That anY and all a~rards 6erca(ter to be made br any autAaru~ ia tbe e:ercise o( t6e power ot eminent domain. or an~ municipal, couat~, state or (ederal auttwrities to tbe preseat and all su6eequent oxners oi t6e premise.s co~ered bp d~is mortaage. inchtding an) aNard or arards w6et6er (or a takin~ o( titk t0. p~on of, or aa~ interest in, tht mortaa;ed premises or anT part thera~S( and an~ aeud or arrards receired (or damaaes sustained bf tbe awrt~ed preaniscs or an~ part tlrcreol or (or aa~ ehanbe or rhsngec oi grade ot vrcets alfectin~ raid prem~, are herebs as~~~tned to ~he murt6agee: a~d the mort~aaee, a~ hia option, is krrcby autborized, directed and cmporered to collect and receisr the proceeds of an~ wch awud or aKUds froo t6e antborities makin6 tEe same aad to 6i~e proper receipts aad acquittaoces t6en(or, i~ld l0 ipp~] IIIt St01t lOKUd III! P1JOIdl~ O~ ~IC i~AOU~II owing on account o[ t!x mortaaae deM. notwitl~standins t6e fact that the amount ovinS on account o[ the mortaaEe debt ma~ aot be thea due .nd Parabk: and the mort6abor bettbT covrnants and aaroea to and ~sith t6e mortaabce, upoa reqnes! b~ t6e mort• ga6ee, to make. uecute aod deliver any and dl assiRnm~n~s aad wher i~utruments wtticient for the purpose of aasi6nina the atorc- said aMard or aw~ards to the mort~aaee (ree, ckar and dischar6ed of anT and all eocumbrances ot an~ kind or nature ~rhataoe~~er. 17. 'Ibat eaeh ~sd e~r tbe eo~eeaeb. terms„ cooditioas and ~eeaeats 6ereii ooatained oa t6e part of t6e mortaasor to be pertormed aad kept, s6all e:tead w aad biad eacb snd erer~ tbe ~ort~ors, if tbere are more than one, and each aad e~er~ tMir hein. 1caa1 apcaenutiees aod aqsi;as, aad tlut tbe same s6a11 wnre to t6e bene6t ot tbe mort~ee, aad/or beirs. sdois- istntors, kbal reprcxntatires„ soroeseors aad aesi6m t6atof. 18. 77~at the mort6aaee. or tbe 6eirs. as~igas, leaal rcpreseetatires, and/or srceessors, thereof, a6a11 be wbro6ated for (uh6er securit~ to the lien, tlau66 rekaxd d~ecord. at aa~ aed a0 encam6ranca paid e~i oI tbe prooeeds of tLe ban xcured b~ t6is murtRa6e. x 19. It is e:presslr undentood t6at aU tbe pranissop nws sccnred 6? t6is a~on6s~e shall be deea~ed o( equd di~it~ aad that aone of aaid promi~eor~ notes s6all hace an7 Pnorih, or o~en.ix, mer a.~ a6er of sa;d proa~iasor~ naes. 20. The whok oi said prinapal sun secnred b~r t6is mort~e, ~nd t6e aocroed ioterest theroon.~hall bhome due at the option of tbe said Mortaa~ee, npoo taian oi aa~ owoer oI tbe abo.e deseribed premises to ooapl= ~itf ao~ Iaw oi the Stue of Florid• or ~+it6 the requinments of as~ ordinanoe or ~nt ot tl~e Ciq ia ~r6ich said premim or~e sitwted, relatin6 to said mort6~6~ ProP~~7 or ae~ part tbereof, witLio tea Ts aftn nwice ot ssc6 reqnireaeats sLall 6are beeo 6i~ea to die tbm owaer ot said premis~ b~ tbe said Mon;a6ee, or ot6er aat6oriq. 21. li forcdobare pro~eedin~s of anT aeoond moctsaae x aecond trust deed, ar aor lien of an~ kind inierior to t6is mwt- ~e deed s6ould be iestiwttd, tbe Mort~~ce ma7. at his op~ioa, iwmrdiatdT or t6tiea(ter decLre t6is ~ortsa~e and tbe ip- deotedness sawred 6erebT du~ ud pa~abie. 22. Mort~a~r will pq to ~[ortaaaa~ to tbe ~tmt reqoe~atod bT tLe Mortaaaee, oe dates apow whic~ ietaest ii pa~abl~ sach ' amoYSb as tbe 11[ort~~ee ma~ f~os tiee to time estimate as ~cce~ear~ to crrate aod maintsin a resene fuud trom wbich to Qay be(ore tbe same bcoome daG taxea, a~eats~. lieps ud c6uaes on or aaaiast t6e ProP~f ~~1 ~6+6~. aad premiu~ tor insnwnce 6dd or required b~ tLe Mort~~ PaTments frae said reserre fand tor aaid pnrpoees ma~ be wade b~ t6e Monaa6ee at its dixrtioa e~en tbou~ snbseqotnt owneis of tbe propertf deerribed 6erua ma~ benefit t6erebT. lo tbe e~eat of aa7 detaalt atder the tams of this mortaa~ aa~part or dl of said reserre fna! ma~ be applied to aer p~art of tbe iodeMedneas bereb~ se- cnrod and ie refuodina aaT part d aaid r~er~e fund tbe ~(wt6a6ee ma~ dal wit6 x6omcrer is rcpresented to be the o~rner ot said prvpertT at that time. ReCeive.'. S ~~ -~ :r. ?ayn~nt .7i Tvt~s Due On Ctass "C'" +r.tonprWe personal Ptop~tl-. Purswnt To Cha~ser 71.1~1,, At~l~ OI 1~11. ROtiEA rOfiAA~ ,rr+~`~ cMrk dr~aat Co~A. !t t~ 0~.!!a / ~3~s ~~s~ /G~0 ~et ~ilness ~ti~, t4 Mortppr o~ the dq ud ~ear 6nt abeve vrittea, ws e:entcd tbese presewts ~edcr