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HomeMy WebLinkAbout1189:u•~•uunl tu ~~;~y .u~•h ~•I~arK~•. ~~lu•n du~• .hal) IK• ~r.uii b~~ A1urt~;:~Rur lu A1ur~~;:~y;~v• un druu~nd. 71. b>~ n:~,un ul Hny d~•L•~ult b>' :11orIK.~~;u~ und~•t any ~~ru~isiu~~ uf th~. ~1urt~;:~~;a•, \lurt~;:~~;~r d~•~•I:~res :JI .u~n. .~•cun•d h~•n•h~~ to IK• ~iu~~ :~~~d ~r,~>:~bl~~. Aloriti:~k.ti• oery Ih~~n a~~pl>• an>• (und, in .:u~l a~•cuunl :-Rainst ihe ~•ntim ~ml~~bt~•dn.•., ,c~•un•d h~•n•hy. 'I'h~• i•nlun~~•.~h~l~ly u( ihr .•o~i•n:u~t~c mt:~tinK lu ta~~~s, :~~,,~•ssn-rntw :uxl insur.~nir {-remiums hen•in utherw„e ~~~u~id~rl sh:~ll not 1~ u11~K•t~r1 ~•x~~e~-t ~nsol:~r :~s thus~• ublix:Uiuns ha~~• IKr•n m~~t b~• i•umE~li~~n~•e w~th Ihis ~-:~r.~~;r.~ph. ;1lurltiagt~r may (n,m tim~• tu t~me :N its u~yion Nui~~•, and a(t~•~ anY sui•h wa~~~•~ rein~tat~•. :~ny ur :~U pru~•is~uns h~•n~~( reyuiriuK su~•h de~x,.ils, by nuhi•~• tu A1ort{;a};ur in wntink. \Vhil~~ :-ny ~uch w:~i~~~r i~ in i•11~•ct, !11ortK:~tiur tihall ~-:iY taz~•s, u~w _,.~nu•nt~ :~nd insur:uici• {,n•uiiuu~s :~. h~•n•in eluw•hen• provid~~l. -1. 'l'o {~rumpUy 1-:~y :~11 I:~x~~s :~nd :~~+~~..m~•ntc :~..~~.tiwt ur 1~•~~i~~cl tincl~•r :u~d hy cirlu~• ~~1 :~n>• sl:~t~•, li•~I~•r.~l. or m~uu~•~~r.~i I:~w or n•Kulation hi•mattrr {-:~..ud, aKainst \turt~;:~R~v u~H~n thi. Aturt~;nK~• or ih~• debl hc•r~•by ~.vunyl, ur u~N~n ~ts int~•rrst uuurr ii~is i~iurt~;aR~'. I~ro~uiiYl f1uH'~~~~•~. Ihat tht• Iut:U :~~nuunt .o ~~:ud tut :~ny su~•h taz~:~ ~~ursu:ud to Ih~s ~~:~r.~~;r:~pl~ t~~{;rlh ~•r with th~• interest p:-yal~1~• un s;~id ind~•Lt~KInrU shall nut .•xc~~•d th~• hi~;li.•st 1:~H(ul r.~ti~ u( ~ntrn•+1 in Florid:~ :uid pru~id~•d funher thal in the ~~~c~nt u( the ~-:~au~K~• uf ao~• u~ch la~~• ur n•~;ul:itiuo ~~u~x~.~nK a tax ur a~~~•a;nu•nt :~-;:nns! '~lurlk.~~;~•~• u~, ~~n Ihi. ~lurlk:~K~• or Ih~• di•ht s~y•unrl h•~mby. IF~:N tht• entim ind~•ht~~dn~:., ,cti•urwl 1~~• Ihi. A1urt;;:~K~• ,h:~U ~h~•n•u~~un iN. cumr imnu~d~utrly due :u~d payabl~• at the upUun u( l~1orlKaK~r• 5. To k~ti•p ihe. hlurtK.iKi~t) Yru{x~t~' insura~l :~y;ainst lus~ ur ~I:~nu~~;i• Ly fin•, :uid all ~x•rils ~-~+umi1 :~1;:un.t by :ui ~•x- t~~nd~Kf ~•ov~~r:~Ki• i•ndorw~menl. :~nd ~u~•h olhrr riskti :~nd ~N•rils as A1urt~;:~Rc~~ in i~s ili~~~r~•tiun ~n.~y nv~uin•. 7'h.• {«,li~•y nr ~H~li~•it•s o( su~•h insur.~n~•e shal) IK• ~n the form in K~•ner:~l u+c~ Irum Iim~ to Nm~~ in the I~N:~lity ~n ~~hirh th~• :~tor~ka~;~~l 1'ro{x•rty is ~itu:~~~~i. .hall IK~ in su~•h anwunl :is 11urlRakiv may n:-sun:~bh• n~uin•, shall IN• issu~vl h}~ a~•um~~:u-y nr rum~-anir~ nppm~~~~l b)' :11urtK:~~c~•, :~ad shall cuntain a st:u~d:~ni mortRil~,'fY~ i•luuw• ~+~ith lu~s {r.~~•ahlt~ to \1~~rttiay;iy. ~t'hi•n- i•~~rr nv~uir~•d by \lurlk:-K.~~•, su~•h ~N,li~•ir~, shall !K~ di•Iiv~viY1 imnu~cli:~tely to and h~~ld I~v ~1uriK:~Kri•. Any and :dl :~mui:nts nYriv.•~I b~~ ;11ortRaK~k• und~•r :u~y uf ,u~•t- ~N~li~•i~•s may IK• :~~~~di~~c1 by A1urtK:~~;c•i~ un Ihr ind~~bt~~cln~•., .~~~•until hen•bv in su~•h mannt•r as 111nrtK:iK~r~ may, i~ its .ul~• disu•rrt~un, eli~~~l or. :~t th~• optiun uf ?11ortKaKe~•, the ~•Mim :~muunt tiu nr•fvciYl ur :~ny part the~rc~~f may Ix• n~le:~util. N~•ith~r thi~ :ip~di~:~liun nor the n•i~:~u of any vu~•h :imounts sh:~ll ~•un• r~r wai~a• :~ny d~•(aull 1~~~~ ~~x~•n•iu~ of th~~ ~xnv~~r n( s;~l~~ Kiven in this \1brtKa~;e or ~~thrr :u~qi~i.itiun uf tht• ~1urtRaK~~1 Pru~N•r1y or :im• p:~rt thf•n•- nf hy :11urtK:~Ri~c~, su~•h ~N~lit•t~s sh:~ll !nY•om~ tht• alti~nlute pru~x~rh• ut !Uur1~;:~R~N•. li_ To first ubtain the writli•n i•uns~•nt of \lurt{;a~cv. .u~•h i•unu•nt lu IH• Kranl~Yl ur ..i~hh~•Id at th~• .uli• d~s~-re•l~un ul t \1ortK:~Kt'~`, 1~•(~~n• Ic~) n•muvinR or d~•mulixl~ink ar-}• buildinK nu~v i~r hi•n:Jt~•r ~•n~•t~•d un th~• ~-n•:nis~~s, Ihl .~Iti•rink Ih~~ :+rranKt•mc~nt. dcsiKn or slnu•tural i•har.u•ter th~~n~~f. Ir) mak~nK any n•~r.un w•hi~•h incol~•e tht- n•m~n:d ~~I structura) ~i:~rts or the ~•xpusun• of the intrrior n( su~•h buildinR to thr ~•I~•m~•nts, Idl ~vtt~~zK or n•mocinK or {x~rmitiinK the ~•uttinK :~nd re•- mo~:~l o( :~m~ trcti~ ur timlx~r op thr \1ortK:fRc~c) I'n~~x~rfy, It•1 n•moa•~nR ur t~x~•h:~nKinK nny t:inKible ~x~r,ur.al pro~x~rty ~~hi~•h is ~r.~rl u[ th~~ :11ort~;aKrd 1'ru~K•rty, ur I(1 ~~Mf•rinK inlo or m~•d~f}~~nK:itzy I~•:~seti ufthi• ~1ur1K:~Ki~c1 {'rn~H•rt>~. 7. "1'o m:~intain th~~ ~tortK:~K~til Yru~x•r~y in K~NxI ~•unditiun :~nd re~~:ur. ~n~•IudinK but not Iim~ttKl to th.~ m:ik~nK oi .u~~h rr~r.~in :~. ~turtKaK~~c• may (rom t~m~~ to firn~• ~Ic•t~•rniin~• to 1~• n~~ct~~v:~n• tur thi• pm.t•n:~Uun uf thc~ :11ortKaKw1 Pro~N•rly :ind t~~ n~~t i•ummit or {x~rmit :lllf W,N~P ~I1f•tw~(. K 'I'u ~•umpl~• a~ith all la~~c, urd~n:uiri•., n•y;ul:~tiuns_ ~~u~i~n:~nh. ~~.nd~:iun. :~nr! n•sln~•ti~~n. :~11~•~•I~n{; th~~ \1r~rtkat;wl Nru~r~•rty. and t~ot to .ufl~•r or ~K~rmit :~n~~ ~iul.~tiu~~ thi•m~~L 9. If ~1~~rtkaKur lails tu ~~:~y :~n}• ~•laim. G~~n ur ~•n~•umhr.~nr~• ..hi~•h :s .u~n•rior tn this \lurtk:~~;F•. ur Hh~•n du~•. :~nv tax ~~r a~~t•s~m~•M ur insuran~•r prt~m~um_ nr tu kf~~•p th~• \1~~rtt;aRi•d 1'ru~x~rtc in n•Er.ur. ur .h:~ll ~v~mnut ~~r EN~rnz~~ H:~~tc~, or ~f th~~rr f~• i•umnu•n~•~v) an~~ a~•fiun ur pnN•i•~KiinK :~tf~~~•tinR iht• ~turtk:~{~i•~l I'ro~K•rh~ ur the tiUr therFto, ur th~• interr.t o( \1ortK:Ik,'fH' thc•rc~in, in~•Iu~tinK. Lut not limiti•d t~~, ~~~uin~•nt du~n:un :ui~l hankrupt~.v or n~~rkanization pm~•~~c~dinKs, thi•o VortkaKee, at itc uptiun, m:~y ~r.~y s:iid ~•laim, li~•n. ~•nrum{~rar. i•. L~x, assc•.smi•nt ~~r pn•miun~, ~+~ith riKM uf suhroK:-tion thereunder, m:iy mak~• su~•h rrpa~rc and fakt• ,u~•h stc•~~ti :~. il dF~i•ms :~d~iw~bli• to pn•c~•nl ur i•um su~•h wacte :~nd may ap~-~•ar in an~• such a~•tinn ur ~iro~-~Y~linR and n•ta~n ~~uimsi•1 tht•rf•~n. :uid taki• such act~un thrr~vn as ~1urtRa~;eE• d~tims ad- ais:~ble, :~nd fur :~n>• uf such ~~ur~N~.i•~ \turtRaKcv~ u4~y ad~an~~e su:•h sums of munep, ini~lud~nK :~11 ~•o:ts, re:~sun:iLtr aUurnec's fees :~nd other items ot ~•x~n•nw• :is it d~i~ms ni•i•i:.s:~rt•. \Iurt~:iKei~ shall hc• the .ule juJRi~ of thc• It•K:ility. validity :~nd pr~orit~• nf an}• su~•h ~•laim, lif~n, i~~~i•umhr.in~•i~, ta~, a.,c:~tim~•nt .~nd pri•~nium and ~~f th~• :unnunt n~~•r~,.~ry' tu Ix~ ~r.~id in w~Usfac•tiun ther~~oL :11orIK:~Ki•t• sh:~fl nut la~ ht•Id :u ~•~~untablc~ fur anv de•la~• ~n m:~kin~; :~nv .u~ h ~r.~y'me•nt. Hhirh dt~l:~~• m:i~~ ri•sull in any additiunal ini~•rt•st, ~~usls, i•h:uK~•., ~~x~w•nsi~ or uth~~rKi.~• 1(l. \l~~rt~;a~ur ~~~11 p:n• tu ~lurtK:~kF•i~_ ~mtn~•rlc~tt~h• and,~~th~~ul ~Ir•m:~nr1. :il! sums ul tn~~m•~• ad~anr~~t! h~• 11nrt~;:ie:t.~. tu protee•t thc~ u~~•urit~' hi•n~~f F~ursu.mt t~~ fh~s \turtK~~K~•. in~~ludink all ~•~~st., r~;~um:~hle• :Nt~~rnF•t~~~ tc~i~s :~nd oth~r ett~ms o( c~xpt•ns~•, t~~rether ~cith int~~rrst ~~n t•:+~•h su~•h ad~an~•~•mrnt at thF~ hikh~~.t !:~«lul r:H~• nf ~nt~~rrct ~~~•r :~nnuei ~r th~~ titat~~ ~~1 Florid:~. :~nd :~II su~•h sumx :~nd int~•n•st th~•mun .h:ill he~ tic~~~urt•d hF~r~~h~~ il. All sum. ~~f m~~n~•~• :~•rurrd hf•n~h~ .h.~ll IK• {~;~y:~hlF• ~~~thuut :u~~• n•h~•t ~+h:~t~•~r•r In~m :~m• ~:~lu:~tiun ~~r :~~~~~r.n.f~ nt~•nt I:~~c._ 1'L. If ~1e~f:~ult Ik• mad~• in ~~a~•mt•nt of .im~ instalm~~nt u( ~~nn~~~p:J ur ~nt~•n•.t u( thc~ \ot~• or :~n}• {r.~rt th~•r~•uf ~~hi•n ~iu~~_ .~r in p:~ymc~nt, ~~h~~n du~•, ur am• uthc•r sum u~~•ur~~i h.•n•t~~~. ~~r in ~x•rfurm:~n~~~• i~t :inc ot \1ort~::~:;or'~ uhh~;:~hu~is, ~•~~~~•n- ;~ntv ~~r :~Kr~~~~mi~nts h~•re~md~~r. :~II uf the indi~btrcLu•ss se~-unyl hrn~h~~ sh:~ll tM>~•ntn~ :ind tx• ~mnu~diat~•1~• du~• :en~1 p:~y:~hl~• :~t th~• ~qdion of ~1ortK:l~fY•_ K"ItfIUU~ n~~ti~•~~ ~~r dc~mand ~.h~~•h ar~ here•b~' i•xE~rr~sly w:u~rd. in ~~hi~~h ~~~rnf ~1urt;;aKi~i~ rna~• a~ail it.t•If ~~f :~11 ri~;hts and n•tnrclii~s, at la~~ or in i•quit~•, and this \tortK:~Ki• m:~y fx• (orri•lus~vi ..ith :~II rikhts :uid n•mF•ditw atfurd~~i h~~ th~~ laati~ uf I~lorid.~ and ~lurtk:~kur sh:~ll {~ay :~II ~•~~~tc, ~•h:~r{;i~x :ind e~ac~x~n.~•s tht•rt•nt, ~ni•IudinK :~ n•:i~un:strlt• attornry~s t~•~•. in,•ludink all su~•h rnsiv. ex~K~ns~~s :ind atl~rrn~•~-'. t~•~~v t~~r an~• mtn:il. r<~h~:in~i~ ~~r a~~{N:~Is 'I~hi• ~nd~•ht~•~1ne•ss .r~•un•d h~~n•h~. shall I~c•:rt int~~rr.t :~t thf• h~Kht•st I:i«(ul rati• ul intt•n•~t ~n~r :wnu~n ~n tht• titatc~ uf Flnnda frvmi :~nd a(t~•r thf• datt• ~~f am~ xu~•h dt•(ault o( ~t~~rt~:~~or. If th~~ \'otf~ pm~idt•s fr~r instalm~•nt ~r.~~•m~mts, thi~ 11~~rtr;a~~~~ m:~~•. :it its ~~~~tiun. ~•i~!le~~•t a lat~• ~~h:~rKi~ not to f•xi•~~t~ci tw;~ ~•e~nts for ~:~~•h une~ dnlL•~r nut ~r.~id tu thr ~1~~rt~:~{;~~• wh~~n ~lu~~, to rt•~mhr.r..• th~• Vort~;nk~~F~ tor F~x~x•nw~s in ~•nll~•rfinK :ind s~~n u•~nk su~•~t ~nst:~lnu•nt ~~aymrnt~ 13 11 ~I~•fault 1~• m:idr in paymt•nt. ~~h~~n dur, r~f :~ny in~l~~ht~vln~•:s .~•~~un•d ht•r~~L}~. ~~r in ~„•rforin:~n~•~• i~( am• of ~S~~rt~;:~~;ur ~; uhli~:~tiuns, ~-o~i~nants or :~Km~•rnrnt h~•rt•und~~r: I:~1 ~lurtk:~~;~~e• ~s ::uthoriz~~d :~f :~m• hrr.~•, ~+~thout notu•~~. in ~1. sul~• ~li:~•re•tiun tn ~~nte•r u~N,n and I:~k~~ ~N~.s~•,.i~~n i~f tht• ~t~irt~;ak~K1 Yro~x~rty ~ir :~m• ~r.~rt then~ui, to ~x•rfurm an~• ;n•ts ~1nrtRa~~•t• di~~~ms n:~~rs.:~ry or ~~ro~x•r t~~ ~~onst•n~~~ th~~ ~v•untv :md to cull~~i•t and r~~~•cn~t• :~II rt•nt~, i.;u~•. :u~d prntit. th~~rrnl, ~n~•IudinR thuv~ ~r.~st r1u~• :~s ~~~~II :~s th~,.~• a~rruin~ the~re :~tter. :~nd Ih1 ~1~~rtKaK~~~ tihs!! IM• t~ntitlrKl, as a matte•r nl .tri~t ri~ht, withuut nofi~•t~ and ex~~arte, :,nd ~vithnut :e~~ard t~~ the• ~:~luc• nr ~x•~•up:in~•y~ nf th~• ~~•uritv. ~~r th~~ .rrl~i~n~•~• nF \1~~rt~:aQ~~r. nr th~• adryuai•p of thc• \tort~;a~rd Yn>~K~rt~~ as v~i•unh• fnr thc• Nntt~. to h:~~•t~ a ~~~~•c•i~c~r ap=Niintc~d to ~•nt~~r u~x~n :ind t:~kc• ~w~,~~~,i~~n of thc~ 11~~rt~a~cv1 I'roEk•rt~•, ~~ollc~~•t 1FF• r~nts an~! pra~fits thc~refrom and a~~ph~ th~ sam~ a~ ihf~ ruur! m,i}• ~lim~•t, su~•h rF~.•~•i~~r•r tn hac~~ all !h~• riQMs an~1 ~x~w~~r. ~-~rmitt~Y1 undrr th~~ t:~as nf Fl~~rid:~ In t~~thc~r tiu~•h ~:~~•, ~1urtK,~K~r ~~r thF~ m~•t•nc~r rnar :~Is~~ I:~ki• ~N~sM-::s~~rn ot. :uzd (~~r thf•~ pur~NiK•s uu~. anY and all ~x~r~~~nal pru~x~rty u•hi~•h is a ~r.~rt of th~~ ~1~~r1~;aKtvl Prn~k•rt}~ :~nd us~~d hy ;11~~rtka~or in thc• n•nt:~l ur I~~:~sinR thertY~( or :my parl ihf•nY~f. Th~ i~x~x~ns~ lin~•IudinR r~•~•~•ict•r~s f~•i~s. ~~~unsrl (F•e•s, cnsts and :~Kt~nt's ~•om~Mns:~tionl in~•urrc~d punu:int to ~hc ~~~•~•rs hen~~n ~•ont:iin~ shall be secured hF~r~by. :11nrtK:+R~~• shall lafter paem~•nt o( all ~•osts :~nd exE~enses in~•urrFCli -2- E~t;~?K ~5~ f'~UE ~186