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HomeMy WebLinkAbout2219:u•~•uunl tu ~-:~y surh ~•h:~rti~r whi•n du~• .hall Ir~ ~~:nd I~v lllortga~;ur tu Aturt~;:~K~v un d~•mau~l 11, by n•:~.un ul :~n~• d~•L•udl I~y MurtKugur undrr :~uy ~~rwisiu~~ ul Ihis ~turiKuKi~, Mo~tKagtv dr~•lan•s ull stttnx u•cun•d h~•rrby to IK• du~• and ~-:~>:~I~It~. AtuHgaKir~ m:~y lhi•n a~q~ly :~ny r~~~i~ ~~~ ~:~~~i :-~•i•uunt :~K:~inst thr entirn indc~ht~~cln~•+.v z~r•un•d h~•n•by. 7'hi~ ~•n(on•~•:~bilit~• ~~( ih~• ~Y~v~•o.u~tw n•latinx to tax~w, :e.~:s.•~+nu~nta .~nd insurun~r pmmiutns hen~in oth~•r.visr ~,r,.•id~rl sh:~ll nut IK :dt~K•t~vl rx~•ept i~w-(:~r :~s Ihus~~ ui~lig.~liuns huv~• IKVro met by i•ua~plian~•e with IhiK ~-:~r.~gr.q~h. 111urIKaK~r ma~y fn~m tim~~ tii timt~ :~1 its u~-tion N:~ivi~, a~nd a(ti~~ :iny such wuivi•r mia~•lat~•, ainy ur :dl pnivisions hrmuf myuirinK su~•h di•~wsits, hy nutici• lu AturlKaKu~ in writinK. Wh~le :~oy such wui~~•r is in ~•UiY•t. lllurtKaKor shall p:~y I:~x~~., u„~:~+in~•uts :u~d in.uran~•~~ ~-rem~ums :~s h~•~ein elx•~vhen pn-~~iJ~~l. 4. '1'0 ~~rumptly ~-:~y all lax~~ and :~~..•..a~~vi1~ ax.u•+.,url ur 1~•vi~~d und~•r and hy ~~~rtu~• nl any ,tat~•, I~vl~•r.~l. ur muiu~ i~-:~1 L•~w or n•Kulatiun h~•m.~(ier pa..ur1, :~Kain.! Aturt~;aK~r~ u~K~n Ihis Mo~tguKe or the dt•hl hi~mby uyunYl. ur u~H~n its interrst uudi~r lhis A1urIKa~;e. Ilryl\7lIlYI EIUNP\'Pr, that tLe tutal :~muunl so ~-:~id lur :~ny su~•h t:~x~w punu:int to this ~w~r:~~;r:~~~h !~~x~•Ih- .•r aith th~• int~•~esl ~-:~yabl~• un s:~id ind.~bl~Kln~:.s +hall n„t rz~•~~~1 Ih~• hikh.•st lu~ful r.~t~~ ut intrrr.l ~n Flur~d:~ :~nd pru~~idi•d further lh:~t in th~~ ~•v~~nt o( th~• pc~ss:~tie ol :~n~• tiui•h I:~w ur n•Kul:~liun i~n~x,sinK :~ l:~z ur :~sses,~u~•ul a1;:~~nsl \1ur1~;:~Kir• u~-- un Ihi+ :~1or1~;:~K~• u~ th~• d~•1~t .~~.•unYi h~~n•by. Ihat th~• ~•nlin~ ind~•blitiln~ws v~~•un•d bv thi. rlort~;:~k~• ~h:~ll th~•n•u~N~n iw.. ~•unu~ imm~Nliut~~ly due :~nd ~-:~yabli• :d th~• uptiun uf MoHK:~~;~.r•- 5. '1'o w~yp Ihi• Alurtk:~K~~cl Yro~x~rty insun~ct :~ti:~~nsl I~~k. ur d:~nr.~{~e Ly (~n•, :u~d :~II ~N•rils ~nxun•d :~Y.ainst Iry :~n ~•x- Irnd.•d ~•oc.~r.~K~• ~•ndurs~•~m•nt, :~nd tiu~•h uih~•r risk.r• :~nd ~K•rils :~s AturtKaK~r in it~ d~u•n•tiun m:ry n~c~uirr. 'fh~~ ~N~li~w or ~N~li~•i~~s o( sui•h inwr.~n~~c• sh:dl tK• in th~ lorm in Kenc•r:J uu~ trum tim~• tu timi• ~n Ihi~ I•N•alily in ..~hi~~h Ihr Atorty;:~K~~cl 1'n,~N•rly i. .itu:~t~ri. sh:~ll IN• in ~u~•h :unuunt as Afe~rtK:iK~Y~ m:ry m:~sunablp nK~uin•, sh:Jl IK• :stiuwl b~• :~ ~•um~-:~ny or ~•u~n{-:~ni~•s. up~-n,~~vl hy A1ur1~;aKt~~, am) shall ~•untain a st:~e-d:m1 nwrtK:~K~~• ~•I:~u.~~ wilh I~~~s ~r.~~:~bt~ tu 1~1urt~:~K~•~•. ~\'h~•n- ~•v~•r nK~uimd by Alortk:~K~~•, +u~~h ~N~I~~•i~•s, shall M~ d~•li~i~n~l immwlial~•ly tn and hf•Id Irv ~1ortKaK~~c•. Any ar-d all :~muunts reti~e•ivirl by ~1urIKaK~~a• u~id~•r :~ny uf w~•h ~H~li~•i~w m:~y IK> appli~d hy hlortKak~~• un ~h~• iud~•htivln.•~. w•rurwl hi~n•I~v in surh mann~r :~~ 111ur1K:~{~~r may. in its W~li• dis~•r~•li~~n. i•It~•t ur, at th~• uptiun ul A1o~IK:~R~y, th~• imlin• :unuunt w m~•~~i~•~~ti or anY parl th~n~( ma~ ix• n•I~:~~.rl. Nc~ith~•r th~ a~~pli~:~tiun nor th~• n•I~:~u• o( :~ny su~•h :~muunts shall ~•un• or wai~•~• uny dPtvult. U~-on ex~~rc•iu~ of th+• ~N~N~~~r ot +:~I~~ Kiven in Ihis \1ortRaKe or nth~•r a~Y~uisition of th~• \1urtKaKw1 1'ro~x•rh• or :~m• ~~:~rt th~•n•- uf by ;11urtK:+{;tY~, ~u~•h {x~lii•i~•s tih7~I INY'OI/1P th~• :~I~ulute pro{H•rty o( ~turlR:~{;~ti~- fi. "l~o tint ubtain thc~ wTiU~•n i•uri+~•nt uf MortKak~Y•, su~•h ~•uns~•r-1 tu la• kr.~ntiKl ur withh~•Id al th~• sul~• d~u•mtiun ul \tortk:~K~Y•, IK~fore 1:~) remu~•~nK or dc•mul~shinK :~~ey buildinx nuw ur h~•n•ait~•r ~'ffY'~~YI un thi• prr~n~+~•s, IM- :Jt~•nnK th~• arr.~nKc~m~•nt, dc•xiKn u~ stnu•tural rharact~•r IhE•rcti~(, 1~•) makinK an~ n•~-:~irs .vhi~•h im~ol~~e thi• n•mov:+l of stru~•tur.~l p:irts or Ih~• ~•xpusum o( th~ int~rior of su~•h buildinR tu Ih~• elc•nu~nts, ~dl ~•uttinK or n•muvinK or ~KrmittinR th~• ~•uttinR and re~- ~nucal o( any tnYw or timlK~r on the Mort~:~Rc~! Pm~K•rty. li•1 rernovinK ur ~~xi•h:~nKinK a~~Y tanRibli• ~x•nunal {~ru~x~rty ..•hi~•h ~, ~~:~. of th~• \lurtk:~K~~d Yru~H~rty, ur 1(1 i~ntt•rinK intu ur ~n~NlityinK :~ny I~:~,~~~ o( th~• A1urtK:~K~yf Pru~N•rty. 7. 7'o m:+intain thi• ~1ortK:~K~~c1 Yn,~K•rty in R~KKI ~Y~nditiun :~nd m~~:~ir. ~n~•IudinK l~ut not lim~ti~l to thi• m:~kin~ ut su~•h n•~~:~in :~s ~1c-rtKak~~c~ may (mm tim~~ tu tim~~ d~•tc•rmin~• lo I~c• n~•~•~•~w~ry fur th~~ ~~n~•n:~1~on ~~t thc• ~1nrlKaKcYI 1'ro~H•rl~• and to not ~Y~mmif or ~N~rmit :~ny wavtt• !h~•nY~(. tt "1'u ~•u~n~d~• Hith :ill lat~x, urtl~n:u-~•i~~, n•~;~:I:~liuns. ~-uv~•n:~nt., r~~ndiliun. :ind re•stri~~ti~~ns :~U~~~~t~nK Ih~• \turtKaK~~1 1'ro~N•rl}•. :~nd not to ,u(I~•r or ~N~rmil .~ny ~•iul:~tiun thi•nv-f. 9. I( \t~~rt~;:~Kor t:uls to ~r.~~~ :~n}• ~•I:uin. Gi~n ur ~•nrumhram•~~ ..hi~•h i~ ~u~n•riur tu th~. \1urIK:~K~•. ~~r Nh~•n du~•, :~m• t:ix ~~r :~~ei~s.timrnt ur ~nsur.~n~~i~ pmmwm, ur to k~•~•~~ th~• ~1urtKaRiY1 1'r~ryx•rt}~ u~ nqrair, or ~hall ~~omm~t ur ~N•rnut w:~st~•, or if th~~m !N• ~•omn~t~n~•~~l :u~~• a~•tinn or pnH•~v~linK atfir•tinK Ihr :11ortKaK~Y1 1'ru~x•rty or !hi• fdl~• th~•nNo, ur the iMerc~sf o( A1o.tKaR~Y• thc•min. im•IudinK, biU nut IimitcYl tn, r~nin~•at duma~n :~nd bankn~pt~w ur nvir~;:~niz:~lion pnx•c~~links. thi•n 11urtKaK~r~. at ilv opl~un, rnav p:~v ,;ud i•laim. li~•n. ~~n~•umbran~•e. tax. :~sw•cvm~~nt nr pn~mium, with nKht ~~f tiubruKatiun tht•reund~~r, m:~~• ~n:~k~• yu~•h n•~-:~ir~ :ind I:~k~~ su~•h sirpc :~s it d~~~~ms arlcic:~bl~~ tu pmai•nt or ~•un• tiu~•h w•:~st~•. :~nd m:~y a{qK~ar in :ui>~ ,eu•h :~~-tinn ur pnK•t~~clin~; :ind n•t:~in ~•uun.rl ti~.~rr~n. :~nd t:~ki• sw•h a~•I~on ihrrein as AturtK:~Ri~• d~r•m~ :~d- ~~s:~ble, and lor any uf .u~•h pur~H~s~~. ~turt~;:~K~•c~ ma~- ad~:~n~-r su~•h ~ums uf nwr~~•}•, in~•Iu~1inR :ill ~•ust~, rt;~,onahl~• attorney's fttiw and ~,th~•r ite~ns nf i•xEH•ns~• :~s rt dc~•ms n~~~•~ :c+:~n'- A1urtK:~K~y ,hall ik• th~• sulr judKe o( th~~ I~•kality. ~':~lidily :~nd priority ~~f :u~v ~uch ~•laim. lien, ~•nrumbr.~n~•~•, Iaa. a+,.:c,nu•nt :snd prrmium :+nd ~~( th~• anuwnt n~~~•i:cv~rn to }~e paid in s:desta~•tion therruf. \1urtKaK~Y• sh:Jl n~~t IK• h~~ld ar~-uuntahlr fur :~ny d~•I:n• u- ~u:~k~nk anc ~u~~h ~r.~.~n~•n~, whi~•h d~•I:~y m:~~• n•stilt in :u~y' a~ld~tiuna= irdt•n•~t, ~~~~sts, ~•h:~rKrs, rx~k•ntii•s ~~~ ~Nft~•rvtic~•. 10. ~1or~kaRor ~~ill ~r.~}' tu ~torlf::~Rw~, ~mmt~dc~lt•1)• :in~1 w~th~~ut d~~~n:~nd. :~i! suins ot rnnn~•v ad~an~vd hy ~lurtkay;~v to prute~•t th~~ se~•unh• h~~ny~( pursuant tu Ih~ti 11ur1~;:~~;~•. in~•ludin-: :dl ~~~~~Is, m:~-~~nah1~• atl~rnc•~•'s fi~iw and .dhPr item~ of rx~H•nk•, to{;i•th~~r ~cith inte•rrst un ~~:u•h .u~•h :~d~•:~n~•~•m~~nl :~t th~~ hi~hr.l I:~~ful rat~~ ~~( int~~r~~st ~N~r :~nnum in th~ tit:it~• ol Florida. :~nd all surh sums :~n~1 int~•mst th~~r~~~~n tih:~l) IH~ s~~•unv~ hrrrh~• Il. All sums ~~1 nwn~•y >~•~~iu~•d h~~r~•h~ .h:~ll IH• ~~:~~:~bl~• ~+~thoul :~n>~ n•lu•I ~-h:~l~•~~~r Irnm :~ny ~:-luatiun ur :~~~pni.r•- m~•~t I:~NS. 1'L. If ~I~~L•~ult IK• mad~• in ~r.~~•m~~u1 ~~f :~n~ u~sl:~lm~•n1 ~~f ~rnnrip:~) nr ~n.~~rr.t o( the Nut~• or am• ~nr1 thi~rt•u( wh~•n da~~, ur ~n p:~ymi•nt, wh~•n du~~, or :~m• nth~r sum w~~•unYi h~~r~•by. or ~n ~H•rlorm:~n~•~~ +~t :~m' uf ~1urtK:~K~~r's of~liK:itinns. s•o~•~•n- :~nts ur :~Kn•t•m~~nts hrn•und~~r. all ot th~~ ~nd~•hi~~dn~•.x s~~~•uri~cl hf•r~~1~y sh:~U IM~•omt• :~nd tN• ~mm~Kli:~t~~ly due :~nd p:~yabl~~ at th~~ uptiun uf ~1urtKaK~~~, vvithuut noti~~e ur d~•m:~nd wh~~-h art• hen~ln• ~•xpn•~~ly warvt~d. ~n w•hict~ z•~~.•nt ~1ortKaK~r• may~ a~ail ilu•If of al! ri~hts and re~m~Ylit~s. :~t law or in ryuity. :~nd thi. MurtK:~Kt• may 1~~ tun~•lowYi .+ith :~11 ri~hts :~nd remi•dit~s :diorriiYl Ir~• th~• f:ir~s o( Florid:~ :mc1 111ortK:~Kor shall ~,ay :~II ~•u.t., ~•harR~'~ :~nd ~•z~ff•nw~s Ih~•rw~f, in~•IudinK :~ rt~asunabl~• altorn~•>•'s (~~•. in~•ludin~; all su~•h ~•usts, c•x~x•ns~•x an~1 :~Uurnt•y'ti (ww tur any n•Irial, rf•h~.~rinQ or ap{x.~ls. '1'h~~ ind~~LtF~1n~~.s u~~•urtKl hrmb~ sh:~ll tx•ar intert•st at the~ h~~;hrst laavtul rat~• of inte•nrt ~x~r :~nnum ~n th~• 51:dc~ ~-i r~i„~~a:~ from :~nd :+(ter tht• dal~~ ~~( :~ny su~•h d.•fault ~-f 11ottK:~Kur. I( thi• ?~M~• provid~•s lor inst:+lm~•nl paymrnls, thi• ;11ortKaK~r m:~y. :~t its uption. ~•nllc~•t a latt• ~•h:+rKt~ n~~t tu e•x~•~~K! twu ~~i•nts (or ra~•h un~~ dnll:~r not p:ud to thi• 11oftK:~};~~• ~hen ~1uc-. to n•~mhurW~ the~ ~1~~rtKaR~r (nr ~•x~x•ns~w in ~•ullr~•tinK and s~•ni.•inK su~•h in~talm~•nt paymi•nts . t 13. If d~•L•~ult IM• m:~d~• in p:~ymi•nt. Nh~•n du~•. o( am• in~l~•ht~•dn~w.v u•~•unvf h~•n•h~~, or in {N~rlorman~•r uf :iny o1 \lurtk:~y;or's uhliKat~ons, ~•~~~~~nants or :+Kr~~~mc•r.t hrrrund~•r- lal A1urtK:~ke~~~ ~s authurirt~tl :~t :~ny timf~, ~~ithuut not~rF•, ~n its u~le diu-n•tion to <•nti•r u~M~n and takr ~K~~u•sswn u( th~• ~tor1K:~KFY) Nro~x•rty or :my p;~rt thi•ren(, to ~K~rlorm any a~•1~ 11~~rtRa~;i•t• diymc nec~~cv~ry nr pm~x~r to ~•onsen•~• Ih~~ sr~•untv :Fnd tn ~'ollw•t and rerei~-t• all mnts, itisu~w :~nd profits th~•ny~l, in~•lu~l~n~ tho,e• p:~tit du~ :~s ~•e•11 :i~ fh~i~u~ :i~~•ruihK thE•maft~r. :~nd ~ Ibl MortKa~;~~e~ tih:dl IM ~•n1iNeYf, :~z :~ mcitt~•r nl slri~•t ri~ht, w•ithuut notii•~ :~nd expartc•. :~nd w•ithout reRard to th~~ ~:~lut• or rK•~•u~-anry of thi• .MVrity. or th~~ soh•~•n~•y ~~( :11or1KaRor. ~~r the ad~K~ua~~~• nf thi~ ~1nrtQaRed Yro~x•rty as seti•urit~ fnr th~ Not~•. to ha~•~• a rf•~•Fi~E•r ap~wintt~d tn ~~nf~r u{~n :~nd tak~~ ~N,.+u~k~ion of th~ A1ortQaKeci Ym~x•rty. ~•olle~-t th~ mMs and ~-rofits Iherefrom :~nd apply thc~ c:~mF~ as thf• ~•nurt mav dinr•t, sui•h r~i•i•i~•er to ha~~c~ :d{ the riRhts and ~xrwer:~ ~-Prmiti~d undt•r th~• I:iws uf H'Innda. In ~~thc~r wu~•h ~•a,~~. ~1orlRaKe~• ur th~• n•~•~•i~t•r may :~Iw~ !ake ~x~s5c•ssion ut, :~m1 tor thf~u p~eriN~u~~ use. any :~nd all ~N~rM~n:d prolff•rty whi~•h is a part o( thf• AtorlKaK~d Yro~~rtv and uuK1 hy \1ortRa~;or in the mntal or Ii.~sinK fhereof or :tm• i:art th~~r~•o(. 7'h~ ~•x~wnw~ (in~•IudinR rt•cei~~er's f~rs, :•~wnsel (e~c~. ~•osls a~nd .~Kenl'~ com{~ensation) ~nrurrc~t pursuant to the ~«~w~ers hemin ~~ont:uneYt .hall 1~ sec•urcxi hc~r~•hy. \1~~rtK:~RcW tih:~ll la(ter pa~m~nt at all costs and expenseg incurrvdl -2- :,,,:~x • ''" 3~9 ~,i.E 2218