HomeMy WebLinkAbout24406. MoNp~se'~ RI~~1 lo M~te Ge~W~ hr~esM. In the eveat Mort~or taib to paI- o- discAu~e tAe tua. ti~biGties. or encumbru-oes. or faib to
teep the Mo~t~ed Propeny ~nsuted a ~o deuver the pdicia. p~emiums paid. a tub to repair the Mort~~d Propertr u heteia ~eed. Mort=a~ee may
a~ i~s opiion pay or dixhu~e ihe taxa. liabiGtia. and e~cumA~anoes or any put thenof. to prawe aad pay for wch insuranoe or to mste and p~~r ta
such repain. Ma~a :hau ha~re no obli~auon oa iu pan ~o de~ermine ~Ae vdidi~y or nocessiq ot sar aym~c U~eot ana any wch p.rmea~ shW aot
waive or J(en any option. lienequity or ritht ot Mon~a unde~ or by virtue of this Mort~ase. The fuU amount ot ad~ a~d erery wch pspment shW pe
~mmediately due and pa~abk and shall bur interest from the date thercot unal paid at tNe rate o( Eithteen Peran~ (1896) pe~ anaum. ~mpk iaterat. aad ta
gc~her witA such interat, shall be securcd by the lien of this Mohp ae. Nothina hercin contained :i~iU be coastrued u requinnt Monpsa to advaaoe o~
eipend monies tor any ot the pu~poses menuoned in this paragrapli.
7. hywe~~ ot ~oedes. Mon~or shall pay all the costs. char~a and eaprnses. includina rasooabk attorney's fces. dubursements and codt of
absuscts ot iiile, incurctd or paid at any time sy Mon~a due to the lailu~e on tAe pan ot Mort~ot ptomptly and tully to per(orm. comphr with and
abide by each and every stipulation, a~reement, condition and covenant ot the Nae and this Monp~e. Such.costs. charses and ezpema. sAtU se iiamedi-
ately due ~nd payabk, whelher or not there be notice, demand, attempt to coUect or swtpe ndin~, and stull bar i~tercst at the nte ot Ei~huea Peroent(18~)
pcr annum, simpk rotercst, until paid. All such costs, cha~ees aod eapenses w incurred o~ pa~d, to~ether witA such iatercst, shaU se secured by t6e liea ot
ih~s Monp6e and any other instrument securiog the Nute.
8. Addltlo~d Docr~ewu. A~ all times this Mon~e is in effect. upon Mon~a's ropuat. Mort~or shall make, eaecute and deliver or ause to be
made, executed and delive~cd to Mon~a and. where appropriate, shall ause to be recorded or filed and therafter to be re-recaded ot rcfikd at sucA
~ime and in such places as shall be deemed desirabk by Mon~a any snd all sucA turther mo~t~ajes. ~~~~,~~: or r~nn~ .u~~~«, cenifiata and
aher documenu u Mon~a may rnnsider necasary or dairabk in o~der to e~fcctwte, complete, enlu~e. petfect. or 1o continuc and prcserve tAe
obliqtions of Mort~or unda the Nae and this Mort=ase and all other instrumrnu securinj the Note. and the lien of this Mon~e u a fint and prio~
tien upon all the Mort~ad Prope~ty. subject ooly to Permitted Liens. Upon any failure by Mortpjot to do so. Mort~ee may make. execute. raord.
file, rc-recotd or refik any and all such mort~a. instroments, certificata and documet~ts [or and in tht namt ot Mort~or. Mort~or hereby.intvoca-
bly appoints Mott~ee ajen~ and attaney-in-tact of Mort~or to do all thiass neecssuy to efkttwtt or assu~e compliancY vruh this panaraph.
9. Eve~t ot Dc(wlt. Aay one of the tolbwins sAall constitute an event of default:
(a) Failurc by Mort~a to pay. u and when due and payabk, any insWlmrnu ot principal or interat duc unda tAe Note, or any deposits for tua
and assessmenu or insurance premiums due hereunder or anr otAa sums to be paid by Mort~or hereundao or under any aher instrument securin~ the Nae.
(b) Failu~e by Mort~or to duly kap, Pe~ro~m ana obserYe anr «~ co.~e~a~~. condition a atreement in the Nae. this Mort~e, any aher instro-
mrnt securin` the Nwe or any other instrument collateral to the Nwe or exa-uted in conaection with the sums secured herebp for a period of 10 dsys after
Morty~ee siva written notice specifyin~ the brcach:
(c) If eithe- Mortaaaor a any suuantor w endorser of the Note: (i) fita a voluntary petition ia bankruptcy. ot (ii) is adjudicated a bantrupt a insol-
vrnt; or (iii) fda any petition or answer seekins or acquiacina in any rdiet for itselt under any law relatinj to bankruptcy. insolvency or wher rdief fc+r
debtors, or (iv) sceks or coasents io or acquiesces in the appointment of any trustee, reoeivet. muter or Ipuidator ot itself or of aD or any subsantial pan
oi the Mort~ed Property. a(v) malca any aenenl assianmrnt tor the benefit oi aediton. or (vi) maka any admiuion in writint ot its inabiGty to paY
iu debts ~aUy u thep become due; or (vii) a court of competenc jurisdiction rnten an ader. jud=ement or decra approvina a petition filod s~ainst
Morya~or or any ~wraator or endorser ot the Nae, scekin~ any ~dief under any prarnt or future tederal, s~ate. or ahtr statute. law or rttulation relat-
ing to bantrupcy. insolveocy or otha reliet for debtors, which ordu, judsment or dcaa «mains unvaca[ed and unstayed for an surctate of sixty (60)
a~~ whnn~ « ~« ~~~~.~ r~om ~n~ a~« or m~n ~n«~or: or (vii~) any tnutee. ~aeiver a liquidator of Mon~or ot all or any substantial put of
the Mort~ed Property is appointed without the prior writtrn conscnt ot Mon~ee. which appointment shall rertuin unracated and unsuyed for an
a~re~ate of siuty (60) days whether ot not consecutivt.
(d) Any breach ot aay .rarranty or mataial untruth of any reprosrntation o( Mort~at containod ia tl-e Nae, this Mon~e or any whet instrume~t
sccurin~ the Nae.
10. AaeknNo~. If an event of default shall have occurred, Mort6a6a may dalarc the outsandin= priacipal amount oi the Nae and the interat
accruod thereon. and all wher sums secvred Ixrcby. to be due and payabk immediatdy. Upon such daluation such principal and interat and otAer sums
shall immediattly be dut and payabk witAout demand or notia_ •
11. Remedies afler Default. l:pon an e~ent of default, Mortgagee ma} proceed by cuit or suits at law or in eyuit~• or by any other appropnate procecding or
rcmedq to: lalenforcc pa~mcnt of thc !~ou or the pcdormancc o( any term hereo( or any othcr righr, lb)iorcclox this Mongagc and to sell, as an rntirct} or in
~r pa rate lot~ ar parcels, the Alortgaged Property Under the J udgcment or decree o( a court or courts o( compctent jurisdiction; lc1 collcrt aU rcnts, ~ssucs. profits.
rr~rnue, incomc and other Ixnefits trom thc Mortgagcd Propcrt}•; (d)appoint a rccci~rr to entcr upo~ and uke posscssion o( the Mongagcd Property and to
~.~Urct all rents. issues, profits. revcnuc, income, ard other benefits lhereot and appi~ ~he same as a coun may direct and such reccivcr ihali ha~~e all rights and
~uwers {xrmittcci under law; arni (e-pursuc any other remcdy a~adabk to i~ including, but not Gmited to taking posscssion o( thc Mortgagcd Propcrty without
n:+ucc ur hearing to ~lortgagor. Mortgagcc shall ukc action oither b~ such procccdings or Aytheczcrcise o(its power with mpcct tocntr~ or talcing posscssion.
~~r both, as `fortgagce ma}~ dctcrminc.
12_ No Wdrer. No delay or omiuion of Mort~a or o( any hdder of the hwe to euercite any riaht, powu ar remedy aaruina upon any event of de-
fault sha0 exhaust or impair any such risht. power a rcmedy or shall be construed to waive any event ot default or to constiwte acquiescenoe theran.
13. No~-~elasln Re~cdies. No riaht povrer ot remedy conkrraf upon or reserved to Mon~ee by the Nott, this Mort~e or any aher insuumrnt
securin= the Note is exclusivc of any other riaht, power or remedy, but each and every•such ri~ht, power and remedy sAall be cumulative and concurtent
and sAall be in addition to any aher riaht, power and rem~dy `ivrn hercunder or under the Note or any aher instrumrnt savrina the Nae. now or here-
after e~istins at law, in oquity a by statute.
It. S~eca~ors ud Asi=a Bor~d. Whenever one of ~he par~ia herao is named a referred to herein. the hein. succasors and usiEns of'such patty
shall be included and all rnvenants and agreements rnntained in this Mortsaae, by or on behalf ot Mortgaaor or Morcgaaee, shall bind and 'wure ~o the
bsnefits of their rapectire hein. succeuors and usisns, whether or not so expressed.
1 S. MMceW~coas. In the evrnt that any of the mvenants, asreements, trnns or provisions containod in the Note, this Mon~e or any aher instrument
securina the Note shall be invalid, il{e`al or unenforceabk in any rapect, the validity of the remaininE covenants, asramems, terms or provisiont contain-
ed herein and in the Note and any other instrument sccurins the Note shall be in no way atfacted. prejudiced a disturbed thereby.
16. AttonrY's Fees. The trnn"attorney's tea" u used in ~his Mortgaae includa any and all ksal fees of wAatever nature includin~, but not Gmited to.
fecs raultina from any appeal o( an interlocutory cKder or final judgment or any other appellate procadina uisin= out of any litiption_
t7. No T~ata. It is understood and aarced by Mortaasor that u pan of the induoement to Mon~et to makt the loan evidenced by the Note,
Mort~ee hu cons~dered and relied on the credit worthiness and rdiability of Mort~or. Mortp~or covrnants and sarees not to seU. conrey. transfet,
least or (unher encumber any intaest in or any put of the Mort~cd Propertr without the prior writtrn con~rnt olMort~et, and sny sucA sak, convey-
ance. transfer. kase or encumbrance made without Mor~~a's prior wtittrn consrnt shall be void. It any person should obtain an interat in all or any
pan ot tfie Mon~ed.Property pursuant to the exavtion or enlorcement of any lirn. savrity intaat or aher rijht. whetAer superior, oqual or subordin-
ste to this Mort~e or the lien hereof, such evcnt shall be deemed to be a tnr-sfer by Mat~or and an event of detsult hereunder.
IB. Caqes lo Ma1p~t . All chanaa, alterations. dektions a additions to the subsuoa of any parasraph ~n this Mort~e which have been aQad to
betwcen Morc~or and Mon~ce have been initialed by Mortsaaor as additional proof of Mon~or's consrnt_
IN WITNESS WHEREOF, the Mort6aaor has extcu~ed ~his ~nstrument ~he day and ytar ~bovt fitst wrtitten.
SiEned. ualed and
delivet in the
pr of: G
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w'jl es /~/L~ ~snat "
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Witness Si ature
Witness Si6nature
STATE OF F10RIDA
~
COUM'Y OF
The forqqq~ instrumeot was acknowkdsed beforc me thir /~ dsr ot "x-~~-~h-~
h\s`! ~ ~ •
E].mo :~.. lor~gue ~d Lillian Yongue
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Mti-flk,.1U'*~., _'G''`'-'.,'
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C~~ Seal
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19v~,trr
(Mortgagor's names)
/ /cy~L.Q!!l
Naary Public. Su~e ot F7orida u I.ar~e
. . , _ , ~ _ .,.,.
. .~.. .:~. ~. ao~346 PA,E2436
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