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Home My WebLink About0757~- . . •. . ~ ; ~ : ~ s Si'79"!0 ~-.~_ , .. , , ~ . k~ -':-: f /~•~ ~ 1~ PAlL!fMT u~ T).XsS i": pY qC . S•C :.•tT~CC SlE Pu:SOk~L P?9: E1jY~ /~ • iG..;,,; Jii TO .ll~?T~~ 71•li~,, ALTt OF i~ll. -1~~~ ' RG6i.R -fiiTRK ~. 1~-a . ' U J. ~~ ~ C1iRK GAGIqT C"v/AT, iT. IrCE ~ iL~~ ~• . ,~s. - • • ;/' ~ MORTGAGE made the day b~laa sct forth between the Mortgagor below ~amed and the !Nortgaget, METROPOLlTA\ ~IORTGAGE CO., a ~lorida corportation. W H EREAS, the Mortgagor is indebted to the Mortgagee as evidenccd by a ccna-n mongage note 1 Nottl of e~ta date from tbe Mongagoi to Mortgagec as described below. To ucure to the Mortgagee the performa~ce by the Mortgagor o[ all his agrtements xt fonh in this Mortgagc and t!x'~ote, incindin~ tbc repayment of the indebtedness evidenccd by the Note, interest thereon, sums ad~anced b~• the Mongagcr in accordtna v-~tb tbe pro~uw~ o! this Mortgage to protect the lien and securiry thereof, and intercst l6ereon, the Mortg~got docs hercby mortgagt, grant and convt~~ to tLc Nortgagee th~ real property described below toge~f-cr w7th (a) all easements, rights, trnemcnts, hereditameats, rents, issua and profits appurtenant thereto; {b) all bwldings, structura and ~mprovements now or her~after I~atcd upon said real property. (e) all of tbc followin~ praently attached thercto: pipes. plumbing fixtures and equipment, ekctrical condwt and w~ring and fixtuns, huting ind cool~ and au conditioning equipment and fixtures, sprinl•ling aud irrigat~on equipment and fixturcs, pumps, ferlces and a~•nings; and (d) ran6e, ovea and refrigerator presenUy upon the premises; all o[ the forcgoing arG herein rcferred to as the "Propcm~." To have and to hold the sam- unto tbe tilongagee, rts successors and assigns in fee simple. ~ The Mortgagoi convenants that he is lawfull}• seized of the estate hereb~• com•e~cd and he has the nght to mortgage, gnnt and convn tbe Propert~•, that the Propeny is unencumbered except as may be below• noted, and that thc !1longagor w•ill warrant and defcnd tbe t~tk to tbc Property against all claims and demands. And the Mortgagor covenants and agrces as tollows: 1. To promptly pay when due the principal of and interest on the indebtedness e~•idenccd b~ the ~ote and prrpa~ment and hte chargesu provided therein. 2. To pay all taxcs, assessments, charges, f~n~s and other impositions of ga~xrnmenwi author.t~ agamst thc Propeny w~t~n siut~ ~601 da)s of when due or sixty (GO) days prior to the samc bctioming delinquent, whiche~Yr ma}• first occur_ i. If it is noted below that this is a ucond or otiltr subordinate rankcd mongagc, then to promptl~• pa~~ when doe principal and eatemt owing under mortgage(s) of higher priority ("Prior Mortgage(s)'), to promptly pa~ to the holderls) o! Prior ~lortgage(s) sums due on atrount of taaes and insuranee prcmiums as may be provided for under the pro~tisions of the Pnor ~longagc(s), and to otherwise full}, prompth~ and completely keep and perform all of the promises and convenants of tfie mortgagor undrr Prior !Nortgagetsl and the promissor~• notds) sacured thereby; all ot the forcgoing without rcgard to any waivers, extensions or indulgences granted b~• the hoidetls) of Prior Mortgagcys- unkss a~th the pnor conscnt ot the Mortgagce. 4. \ot to apph~ to, rcquest of, receive or accept from any~ holder of an~~ Pnor 1~fongage an~~ mone}•, lunds or things of raJue wh~c3~ sou{d. might or could be considered as an ad~~ance secured by the lien ot such Prior Nortgagc. ' 5. \ot to commit w~asie or permit or su(fer the impairment or deterioration of the ProE-ert~; not to erSct or perm~t to be erectod an~ nex buddings on the Prapert~• or an~- structural alterations to etisting b"uildings w•ithout the \lungagcc's pnor wrntea conseat; to comph wzth all ~ubdi~ ision restnctions and zonmg and other regulator}~ law•s and ordinances affectmg the Prupert~ If the Propert~ is a condom~mum unrt, the \tortgagor shal) prompU~• and completely perform all of his obligations under thr de•_ia:at~on of condominium and the coadominium associat~on's articles of incorportation, b}•-laws and rules and regulations and othcr ~~~~.utuem condominium dor~menu includ~nE but not I~mited to the pa}•ment ot all reg~lar and special assessments, the liens for which against thc f'rupert~ m~ght oi coufd have pnontc o~rr the lirn of this morigage. If the Property ~s part of a planned unit devclopment, the Mortgagor shal! prompl~~ compl~ with all pro~isions of the decLratioc of co~•enants and restrictions establishing the same and shall promptly fulfill all his obl~gat ions under the constituent documenu of tbe pLnnod unit development including the homcow•ners associatio~: s or its equi~~alenCs articles and A~•-law~s and shall prompily~ pa~~ all ass~ssments or charges of evcn• nature (no matter how~ designated- the lien for which against the ProE+ertc m~ght or cuuld ha~Y pnorit~~ o~rr the Lrn oi thss mortgage. - - 6. To kcep all the Property insurcd as ma}~ be rcquired from ume to t~mc by thc ~lortgagcc agamst loss b~ fire. w-indstorm. huirds_ casualties and cor.tingencies for such periods and for not less than such amounts as ma~• br rcasonabl~ requ~red b~ the !~ortgager u-d to pa~ prompth• w hen due all premiums for such insurance. The ~iorigagor agrces to delicer renewal or replaamcnt polir.es or cerUficita thenfor to t he tilongagee at least fifteen (' S) days prior to the expiration or anni~•crsan• date of the: xistrog pofuia. The amounts of insuranoc roq;simd b. thc !~lortgagee shaU be minimum amounts for which said insurance shall be w•ritten and it shall be mcumbent upon the ~lortgagot to munt~~ such additional insurance as ma}' be necessary~ to mcet and complt• fully with all ca-~nsurancc requ~remenu ~ontained in said poLcm to tt~e cnd that the Nortgagor is not a co-insurcr thereunder. lnsuranc: ma~~ be w~ritten b~ a compam or compames appro~~td b~ the ~lort¢aget 1wh~ch appro~al shall not be unreasonabh~ w~thhcld) and all poliacs and renew~als sFall be he{d b~ thc !~longagee unkss in the possessioa of a holder of a Prior Mortgage. All detailed designations by the ~tortgagor which are acapted b~~ the ~lortgagee and alt agreemtnts betwern the ~lort~¢agor and Mortgagce relating to insurance, now existing or hereafter made, shaU be in w•nting and shal! be a E+art o! tAis mortgage agroement u full~ u though ut forth ~~erbaum hcrein and shall gocern both parties hercto_ \o lien upon an~ poLc~ of ~nsuranee or upon an}- refu~ or murn prem~um w hich ma} be pa}•abk on the cancellation or termmation theteof shall be gnen to other than the 4lortgagee excrpt a holder of a Pr.or ~1 ortgage or b~ proper endorsement affixed to suc:~ poGc~• and appr~~~ed b~• the Mortgager. Each policti of insuranoe sha;l ha~r affue~ thrmo a Standard tiew York Mortgagee Clause V1'ithout Contribution malcing all loss or lusses under such polirc pa~abie to tbe Monpgoc as iu interest ma~~ appear_ !n the event an}• sum or sums of moncy become pa}•able thereunder thc~ MortEtagee shall ha~e the aption to r~ocnt and apply the same on account of the indebtedness secured hereby or to perm~t theZfortgagor io rcctnt and use it or an~ put s~tLoui wa~~~ng or ~mpairing an~• equity, lien, or~nght under ar.d b}• ~~rtue of this mortgage. In the e~ent of loss or ph~-s~cal damage to tbe Ptope.tcthe `.lortgagor shall g~ce immed~ate nouce thereof b}• mail to the Llortgagee and the Nor.gagcc ma~ maAc proof of loss ~f tht same u not prompt}~ r~~ade b~• the 4fongagor. In the event of foreclosure of this mortgage or other transter of t~tlc to thc Propem ali nght. titk and interest of :hc ~lortgago: m and to the ins.urance polic~es shaU pass to the purchaser or grantec. , ?. If the Mortga~or fa'iE t~erform h~s co~cnants and agrcementsconta~ned ~n th~s mongagc_ or ~f tbe ~~onpagor fa~ls to perform an~ dut~ ur obligat~on ansing under a Prior 1lortgage (mcluding the payment of pnncipal and or ~nterest. depos~ts un act~unt of uxes and insurr.nrt ~remiums and late charges even though the holder of thc Pnor ,~ongage has made no demand thrreundcr and has not threatened an~ aevon in ronncet~on w~ith the same), or if am~ action or procreding ~s commeneed wh~ch matenall~ affects the Nortgagcti s ~ntemts ~n the Propert~. includ~ng but not I~m~ted to em~nent domain or code enforcement or arrangements m~ al~-mg a bankrupt or decedent. or if therr u an apparent abandonment of the Propert}, thcn the Mortgagee at its option ma}• pay to the holder of a Pnor Rlortgage ali or parts of thr sums r-ettssan to hring the Pnor ~lortgagc current, mat• make appearances, may enter upon and secure the Propertti, ma~• d~sburse such othcr sums (-nciudin~ but not limrted to thr pa}•ment of insurance prem~ums and taxes), and rra}~ talce such other act~on as the Mortgagee reasonabl~ ~eems neccssan ar advisable to protect h~s interests in the Propert~•, all without regard to the ~•alue ot the Propem•. An}- amounu disbursod b~ tbe fNongagec pursuant t~~ the proc~sions of th~s paragraph, together w~ith interest thrreon at the rate ot e~chteen I lE~<<t per cent per annum shall t+e:or.,r additwnal ~ndehtedness of the Mortgagor secured b~ this mortgage Cn:css the ~lortgagor and ~lorgagct agrec m~nung to somr othe~ trms o; pa~•ment, such amounts shall be pa}•able immed~ateh•. \othing in this paragraph shall reywre thc ~longagor to incur an~ =xpense. ma-c an~ dubursement ~r take an~ action w•hatecer. 8. .All proceeds o( an}~ aw•ard or daim for damages d~rect or consequenual in connecuon w~th am condemnat~on or an~ oiher talin~ D~ eminent domam of the Propert}• or am• pari thereot, or for conveyance in Leu of condemnation or em~nent doma~n are herrbc usigne~ and stsatl be pa~d to the Mortgagee. l:nless the Mortgagor and Mortgagee othencix agrce ~n wnung 1a1 atl proc:cds recc~•.ed b~• the ~lonp_a~tee shali t+e npplied to the sums secured b~• this mortgagt w~thout imposuion of anc prepa}•ment charge, and f b 1 thc applscauon of proxeds shali not eatend or postpone the due date of installments of principal and interest or change thc amounts thercot 9. Am• forbcarance b~• the Mortgagee in ezercising an}~ right or remed}• hereunder or otherv~~se afforded b~ appLcabk law siial; not be a waiver of or preclude the exercise of sueh right or rem~~dy. The procurement of insuranee or the pa~•ment of tax~s or other luas or char~ or thc pacment of sums under a Prior Mortgage by the Mortgagee shall not be a w~ai~~er of the ~lortgagee's nght to accekrate tht matunta of tbe ~ndcbtedness secured b~• this mortgage. All remedics pro~idcd in•chis mortgage arc d-sunct and cumulau~-e to am other nght or rcmedti ur-d:r th~s mortgage or afforded by law• or equity and m~. be exercised concurtentl}~. independenth~ or succtssi~ch. 10. To pa} aU costs charges and cxpenses including attortr_y's fees (whether or not litigat~on occun and if it does then thosc on appcliatc as wcll as trial level- and abstract costs reasonablp incurred or paid at an}• time b~ thc 4lortgagcc bccaiue of 1hc fazlun on ihe part of tix Mortgagor to perform, comply with and ab~de by all c` bic co~enants set forth m this mortgagc and or th~ lotc and or Pnor Nortgagd s i and the ~romisson notNsl secured thercbv. ~~'x349 f_-~ 7 ~~ s IH : kc. !Mr ~ f ~~ E~Prepared b} Stanlr~ H SF.~eler. Attornec. 4'(K) B~sca~ne;~ouletiard, \I-ar1~. Flonda ~31?" ~ ~ ~~ _ ':~°'~ 3-'=. ~~::