Loading...
HomeMy WebLinkAbout2223a~•ruunl lu ~s~V xu~•h .•h:-r~;.~ v-h~•n du~• ,haU iK• ~r.ud b>' Murt~;:i~;u~ lu A1u~tKa~;~~• un d~~m:u-d. 11, by n•:~W,~~ ul :~ny c1~•L•uill by MortK:~Ku~ und~~r :~ny pn,cision ut thi. AturtK:~K~•, A1ur~~;:~K~y d~ylun~c :dl .umti uY•unYl h~•mby ~o IK• du~• :~nd ~,:~y:~bli•. l11uHKaK~~• may th~~o :~pply any (u~dx in .:~id :u•~•uunt aRainst thi• i•ntim iudchti•dn~~ti u•~•un~l hi~mby. Th~• ~~n(~~n•i~abil~ty u( Iht• ~•uv~•uanix m1a1~nR tu t:~z~~, :~~~c~•s+m~•ntv and insur.~nir premiunu+ hrmin uth~•rwwe pnivid~~cl xhull nol IK• :d(i~•t~~c) ex~•~~~-t u-uilur ax thuv ubligatiuns h:~v~~ IKY~n tnvt by ~•u~n~~li~uii•e wilh thi~ ~-:~raK~a~~h. I11urtKax~ti m:ry trum limr lo timr at il~ uptiun wane, and :~Iter any ~cu.•h wai~~•r reinstat~•, :~ny ur all ~~nwis~un,r hNn~,f n~yuirinR sui•h de~x,nitK, by notic~• tu !11o~IKuKur in writinK. VNhil~• any .u~•b ~vai~~•r is in i•U~~c•1. !~1urlK:~Kur sh:~l) ~~:~y I:~x~~, a:.s~:,.wnrols :u~d in,ur.~n~~~• pmmiun-s :~+ h~•rein ~•Ise~+•hen~ ~-nivid~til. -1. 7b prumpUy ~-:~y :dl h~x~~ :u~d .~.s~~..~a~•nl~ :~..i:.siri ur t~~vi~•d un~l~•r :u~d I~v ~~rlu~• •~t :~ny zl:~lr. 1~•d~•r.~l. ur tnuni~•ip:~l I:~w ur mKulatiun hi~maR~•r ~-:~s~arl, :~}~:~insl A1orl~;:~-;~r u~H~n this T1urlK:~K~• ur Ihr di•bt h~~n•by s~~•un~cl. ur u~x~n its i~~trnwt und.•r Ihis Atorl~;:-K~'. ~-rovided h~~.v.~v~•r. ~h:U th~• total :~muunl ~u p:~id lut :im• +u~•h t:~z~~s ~-ur,u:u~t tu Ihi~ ~r.~ra~;r.qih IuK~•th- i~r w~lh th~~ int~•resl ~r.~y:~bl~• un x:~id indi~ht~Yln~:~+ tih:~lt nut i•x~•~vd th~• hi~hi~st I:~wtul r:~t~• ut ~nten•+l in Flnnd:~ :~nd pruvid~yl (urth~•r th:~t in the i•v<•nl ul Ihr ~s~+w~~;~• uf :~ny .u~•h 1:~~~• ur n•Kulatiun u~qr,sinK :~ t:~x or a~+~•~,m~•ot :~~;:~ir-sl !~turtK:~~;~y~ u~~- ~~n thi, Atort~;aKi• ur Ih.• d~•b! s.ti•unvl h~•n•b~•. that the• ~•nUrr ind~•btitiin~~+. .~ti•unyl hy Ihi. A1urtK:~Ki• ~h:~ll Ih~•mu~H~n iN~ ~•u~n~~ immitiliat~•ly du~• and ~-:ry:J~l~• at th~• optiun ul lllortk:~K~r- fi. '1'u k~vp th~• 1~turtK:~K~YI Pru~K~rty insunY) :~1;:~inst lusc or d:un:~~;~• I~y f~n•, :~nd :~II ~x•nls insurrd :~I;:unst by :ui ~•x- ~~•nd~~f ~•u~~~•r.~K~• endurs.mi~•nl. and .u~•h uth~•r ri~ks :~nd ~N•rils as AturtKaK~~~ iii its discn•tiun may nv~uin•. '1'hc• ~M~li~•y ur ~N~li~•i~•. of su~•h insur:in~•e shall IK• in th~• furm in Ken~~r.~l iiu• Irum tim~~ tu tun~• in thi• I~H•:~lity in ~hi~•h Ih~~ rlort~;aK~rl I~ryi~N•rly is .ituat~Yi, ,hall 1~~ in ~u~•h amuunt as rturlKaK~~• may rc•asunabl~• nr~uin•, ~h:Jl IK~ i~~uwi h~• :~ ~v~m~-any ur ~•unqr.~ni~w a~~~~ro~ivl by :11urtK.~R~r~, and tihall ~~~:ntain a st:~ndurvl ruurt~;:~Kw• ~•lauu• wdh I~~~~ {~ay:~ldc~ tu !11urt~;:~K~~•. ~ti'h~•n- rv~•r nv~uimd b~• \1ortK:~K~ti~, .:i~•h ~H~li~•i.•s, shall IK• di•li~i•nyl immivliat~•Ip tu and h~•Id hy 1lnrtkaK~r•. Am and :JI amount~ r~Yti•i~~~til h~• 41orIKa~;~y und~•r :~ny o( su~•h ~x~li~•iex m:~y b~• :~~q~li~til hy \1urIK:~K~Y~ u~ Ihr indi•bt~~dn~•.s s~•i•unv) hrn•by in su~•h m:u-n~•r as \turtKa~~~e m:~~•, in ilti sul.• d~.~•r~•tiun, ~~I~~~•t ur. al th~• optiun ut A1urIKaK~r, th~• ~•~tiri~ amuuul xu nti•i~i~~~Yl nr any p:~rt thi•n~( ma~~ IM n~l~•auvi. Nc•ilh~~~ Ihf~ a~ppli~:ition nur th~• nd~:~.e u( any su~•h am~~unf~ ~h:Jl.~•ur~~ or wai~•t~ :~m• d~tault. l~Ex-n ~~x~•n•i~a~ uf thc• ~x~~~•er ot w~l~~ ~;i~en in thi. 111urtK:~Ki~ ~~r nth~•r :~~~yui~iliun of Ih~• ~1nrtK:1~;~YI {~f(1~N•rh• or :~~y part Ihen•- o( by lllortK:l~/Y`, ~Ul'FI ~N/I1C11!ti sh:~ll IN~•um~~ thr :~bu-lute ~-ru~K~rh• u( !11urtK:~Kt~~•. 6. 7'u tirst ubl:~in the writl~•n cuns.•nt ui 11urt~;:~K~y. suc•h ~•unsa~nt tu Ih• Krant~d or ..ithh~•1~1 :~t th~~ .ut~• diw•mhun ul ;~turtK:~Kt~~, IK~(urn 1:~) rernovinK or di~~nul~:hinK ar-y hu~IdinK nuw~ or h~•n•:Jtiv rn~•t~ti! ~~n th~~ pri•m~su~s, 1l~~ :~It~•nnK th~• :~rr.~nKemt~nt, desiKn ur stnu•iur.il ~•h:~r.~~•t~•r the~nr~f, 1~•) mak~nK :~ny m~~:~irs H•hi~•h ini~ul~'e the n•mu~:~l of stru~•tural ~-:~rts or th~• t~x~w,um of the int~~rior u( su~•h buildtnR tu Ih~~ ~•lem~•nt~, Idl ~•ultinR or n•murinR or ~~•rniiltinR~the ~•idtin~; and re~- mu~~:d of an~• tn~h ur timlh~r un thi• MortRaKcYI 1'n,~x~rty. trl re~mo~•inK ur ~~:~•hankinK any t:~nRible• ~x•rsunal ~-nqx•rty N•hi~•h ~c ~r.~rl ut th~• 11ort~;:~~;iY1 Yru~H•rty. ~~r f(1 ~•M~•rinK intu ur m~KlifyinK :~n~~ 1~•:~.~•. ~-( th~• ~1ortK:~kwl 1'ro~x•rtp. 7. 'I~o m:~int:~in th~• l~lortKaKcy) Ym~x•rty in ~',INNI ~•und~h~~n :~nd n~pair, in~•IudinK t~~~t not Iimit~Y1 to th~• m:~kinK ut w~•h rr~r.ur+ :~+ ~1ortKaKiy m:~y trorn time tu timi~ d~•ti•miuu• to Ir~• ni•i~~~c.:~ry tor Ihe ~~n~~•n:~tiun of the MortKaK~~cl 1'ro~N•rtp :ind to nut ~•un~mit or ~x•rmit an}• waztc~ th~~nr-(. K '1'u ru~nph~ ~+ith :JI I:~N~, urd~n:~n~•i•~, n•Rul:~tiuns. ~•u~rnant., ~~undiUu~i. :~nd n~+tri~~liuns :~U~•~•hn~C thi~ ~1orIK:~Kw1 I~f1~~N•rt~•, and nul fu suU~•r or {K•nnit :~n~~ ciul:-tiun ih~•nN~f . !1. 1( \lurtK:~Kur f:uls to ~r.~y any ~•laim. li~•n ur ~•n~•umhr.~n~•~• whn•h „.u~~~•nur tu theti ~tortk:~k~•, ur v~h~~n dui•, :~n~• tax ur a»~:ctirn~•nt ~-r ~nsuran~•~~ ~~mtn~um, ur tu k~•~•p Ih~~ ~lortka~~•d Yro~»•rl}~ ~u n•~-:ur, ur shall ~•uuim~t ur ~x•rm~t N':151t•, or d thivi~ fM• ~•umnx•ni-~YI ant• a~•tiun or ~~roi•iyYiinK .~tfevtink thr i\1urtKaRtv1 1'm~wrh• or th~• tidr th~n~to, or the intemtit o( ~lortKaRt~c thi~n~in. ~n~•IudinK, hut nut limitivt t~~, ~•mi~i•nt dumain and I~:~nkniptcy or nN~rRani~•+tion ~)rIN'l'/YI1f~S, then ~1~~rtK:~K~~•, :~t its option, m:~~ ~-:~y s:~id ol:~im. li~•n. ~•n~•umbr:~n~•r. t:~a_ as.~~;.m~•M or pr~•~nium, w•ith riKht ot SubmRati~~n Ih~•reundrr, niay m~~k~• su~•h n•p:urs and t:~k~~ w~•h sti•~~. as it d~~~~ms ad~~i~~hl~• to pn•~~•nt or ~•un• w~•h ~:~tite, and may ap~Kar ~n :un• ~u~•h artiun ur ~-rui•~ydinK :~nd «•1:-in ruuu.i•1 lfi~•n•in. and tak~• su~•h artiun thrn•in as '~1prlKaKi~i~ dir~ms ad- ~is:~ble, and fur any oI su~•h pur~N~si•_. \1urtK:i~;~•~~ m:n• a~1~:in~~i• sui•h ~ums ot nwn~•y. ~n~•Iu~l~nK :dl custs, re:~u~nablr attorney~~s (cti•s and oth~•r itrms n( ~•x~N~t~x• as ~t ~Ici~m~ nr~•~•ss:~n•. ~1ortR:~K~~• .h:~ll IK• Ihi~ .ul~~ ~udK~~ uf th~• IeKality. validih and priority uf any w~•h ~•I:um. lii•n, ~•nrumbr:uu•i•, t:~x. as..~:ktinu•nt ancl pn•miwn and uf th~• :unuwit nc•~•t•c~ary to IK p:~id in s:itisL•u•tiun thrreuf. ~turt{;aKiY• shall nol Ir• h~•id :+~•~•uuntahli• f~~r :u~y' di•L~~• ~n nc~kink :u~v .u~h ~-:~~~n-t•nt. ..hi~•h ~1t•I:~~• m:~~• n•sult ir~ :~oe :~ddiliunal iMen~c~, ~•usls, ~•h:~rK~:., ~•x~x•ns~~s or ~~thi•tv~is~• 10. 11urt~;:~kor ~~ill ~r.~~• t~~ ~torl~ak~r•. ~n~m~~r1c~1~~h• :u~d .~~thnul dr~n:~n+l. :dl •~nn~ ut ~non~•>• :~d~:~n~~~•d I~v ~1urtKak~~e• to prutiti•t thc~ sc~~~urity h~~n~~i ~~ur~uant to th~~ \lurt#;ax~•. ui~•lu~lin{; all ~•ovtc, m:~sonafd~• :~tt~~rn~•~ ~s f~~iw and othc~r it~•ms o( ~•x~N•nu•, tn~;~th~r w~th intrrcwt un ~:u•h su~•h ad~:~n~-e•mt•nt at ih~~ hiKh~•.t I:iHful rat~• o( int~•n•sf ~H•r annum in th~• St:df• ol Florid:~. :~nd all .u~•h .ums an~1 int.~n~st th~•mon .hall In~ .i•i~umd h~•mh~. 11 All ~ums ~~t tnun~•~• <~•~•un•rl h~•r~•h~• .h:~ll IH~ ~~:i~:~LI~• ~.ilh~~ut :~n~• n•lu•t wh:~t~•~~•r frum :u»- ~alu:it~~~n or :~~~pr:u.i•- in~•nt I:iw•.. . 1'L. 11 d~~lault Ih~ m:~d~• in ~r.~pmrnt ~~f :~n~• inst:~hn~~nt uf ~inn~•yr.~l or ~nte•nwt o( thr \~~li~ ur any ~r~rt thF•reK~( wh~•n dui•, ur in'p:iymrnt. v~h~•n dui•. or :~nv ~~th~•r ~um .~•~•ur~Yl h~•r~•h~~, ~~r ~n ~x•rtorm:~n~•~• of :~ny uf \1nrtK:~~or'~ ohliKatiuns, ~•oct•n- :~nts ur aKm~•mrnts hnn•und~~-. :+11 of thi• ~nd~•Lt~•dn~•.. .~•~•unvl he•n•by ~h:~ll I~ti~umF• and IN~ immENii:~ti•Ip -lu~• and p:~t~ahl~• :~t th~~ ~~ption of 11~-r1~:iK~r, w~ithuut n:~ti~-~~ ur dt•m:u~d .+hi~•h are• h~•ml.y ~•xpn~+;h• wa~~•~~d, in w~hi~•h e~'enl ~1ortK:~Kcv~ m:~y a~:~il its~•It o( :~11 ri~;htti :~nd rt~m~Yii~~s. at I;~w• ~~r in f•qu~~~~. :u~d this 11~~rtRa~;~• m:~~• iN• tur~ti•lu,iyi ~ith all riKhts :~nd n•m~•diis af(urd~~i hy. thi~ L•~HS ~~t F'lorid:~ anil \iortK:~Kor sh:~ll ~r.~y all ~•e~.l., ~•har~~~. :~nd i~x~N•nu~ th~•n~~t, in~•IudinQ a rra.un:~hl~ attorney's ft~e~. in~•IudinK :~II tiu~•h ~~osts. t~z~k•n~e~s :uid atturne~~'s 1~~~•s (~~r any n•lrial_ rehi:~rin~ or :qqK:~ls. 'I'h~• ~n~le4d~Klni~s.~ uKVn~1 h~~rt~h~. sh:~ll I~ear intt•r~~st :~t the hikh~~sf I:~wful r.~t~• uf intt~n•.t ~N•r annum in thf• titatt• o( Flonda frum and ahi•r the date of :~m• +ui•h dt•(aidt of ~1ortK:~~;or. If th~• tiutc• pnwidi~~ fur inxtal~ni~nl ~~:~ym~•nta, thc• ?1lurtk:~Kt~r may. :~t its e~pii~~n. ~•ollt•~•t :~ lat~~ ~•harK~• not to ~•X/'fYYI IK'O ~•~•nt. (ur ~•a~-h on~• rlullar nnt ~:aid to th~• ~turtK:~R~~~ wh~•n du~•. tu m~mhurs~• th~~ \1~irtK:~~;~~~~ for ~•x~K~nk~v in ~•oU~•~•t~nK ahd s~•n•i~tinK su~•h in~talnu•nt ~~:n•m~•nts 1:; U rlf~L•~ult IM• mail~~ in p:~ymi•nt. µh~•n du~•, o( :~m• ~nd~•ht~~dn~:.s ~~~•ure~d hrrt~b~•, ur ~n ~Mrtorm:~n~•~• o( am• of ~1~~rt~;:~k~~r~s ~~hli~:diun:, ~•uc~-n:~nt~ or akrc~•tn~~nt h~•r~~und~•r. ~al ~1ortK:~K~~~~ ~s authuriz~Y1 :~t any titni•, ~ithuut n~~ti~•t~, ~n its s~~l~• di.i•n•Uon ta ~~nt~•r u{nm and take ~N~>u~s.iun u( thi• ~1nrt~;:~R~Y1 Yro~k~rtY or any ~r.~rt thrrt~of. tu ~N•r(orm nn~' a~•t. ~1url~aKt~t~ r1~r•ms nc~•i•s.~:~ry or pro~x~r to consen~~ th~~ ~ururilv :~nJ to ~•ull~~~•t :~nd rw•ri~r all n•nts, i:.u~•~ :~nd prnfit~ fhi•nK~(_ ~n~•IudinQ th~r.~ past du~• as wcil :is thou~ a~rn~inR thF~n•a(tvr: and ~ 11~- \1~r1K:~K~~.• shall IK• e•ntiflMl, :~s :~ m:~tt~•r ~~f stri~•t ri~;ht. withuut neh~•P and t•x~-:~rte, :~nd w'ithout reR:~rd to Ih~• ~:~lu~~ or ~N•~~up:~nry u( th~• sc~•urit}•. or th~~ s~~l~~cm~•~~ o( ~1ort~:~Kor. ~ir thF• :I~kY~ll:~~•y of fh~• 11orfRaQc•d Yro~~rty as ~~i•urih• (or th~• ~301~•. to ha~~~~ :~ r~~•~i~er ap~N-int~•d to c•ntf~r upon and t:~k~• ~N~~.~~ion ~~( Iht~ :~1orlRnReci Pm~-erty, e~ollect th~ rc~nts and pro(its th~•re(n~m :md apply thF c~me :tc th~~ ~•ourt m:~p dim~•t, su~•h rw~en•Pr to F-:n~~ al) th~• riRhts an~l ~x~wt~n ~-~rmifttYl under th~• 1:~~~. ~~r r~i~~~~~i:~. . In ~~ith~r su~•h ~:~.r, :11ortKak~~• ur thr• m~•t~icf~r m:~y :~IM~ taki• ~Nrsw~s.tiiun ol. :+nd (or th~~ pur~r~,es uu•. any and all ~x•r`un:~l pro{-~rt~ w~hi~•k iti a part of thf~ linrt~;aK~Y1 Yro~x•rfy and u~•d try Mort~aRor in thF renta) or I~~:~sin~ themof or :~ny ~r.~rt fh~•ny~( 'i'h~~ ~~x~K~nu~ lin~•IudinR rf•~•~~i~~f~r's fers, ~•ounu•1 (~•s, ~•osts :~nd aRent's ~~om~-ensationl in~•urmd parsuant to the ~x~wt~rs hemin ~•ont:~in~d shall tx~ sec•ured h~~rehy. \1~rtK:i~t~~~ shall la(tvr ~~~~•me~t o( aU ~•osts an~f expenses incurrc~rll -2- ~>;;K34~ ~~,~E2222