HomeMy WebLinkAbout1213Rt-ceivHd 3 ~~ ~in P~yma ~t 'll -'-vF-~ ~ ~
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p~~-~~ant To Chppter 71. i 34. A,:t; Ot `:+-» .
ROGER POI TRAS , 2~!' ~ J~~~~ J~ ~
~'iF~s C~rcult Court. St, l.ucre, Co., Fls. ~ 3~`
~`~~o~~ 5-54, 868-5
:~tORTGAGE m~Je the day brluw set forth bctwcen the Mortgagor txlow named and the Mortgagee, M ETROPOt.ITAti MURT(iAGE
('O., a Flo~ida corportation.
R'N F R E AS, the Mortgagor is indrbtrd to the !~1ortbagee as cvi~cnced bJ• a rerta~n mortgage note ~ Nott) of even date from the htortg~g~r
to ~lortgager ~as descnhed below.
To secure to the htortgagee itie performance by the Mortgagor ot all hu agreement~ set lorth in th~s Mortgage and the tiote, including the
repay~mrnt of the ~ndebtedness e~•idenced by the \'ote, interest thereon, sums ad~~ancrd by the Mortgagee in accordance with the pro~~isions of
this Mo~tg~ge a~ protect the lien and secunt}• thereof, and interest thereon, the ~lortgago~ does hereby mortgage, grant and convey to the
~lortgagee thz real propertp described below~ togr~her with ~a) all eascments, nghts, tenements, hercditaments, rents, issues and profits
appurtenant thereta; (b) all buildings, structures and ~mprovements nuw or he~ea(ter located upon said real property, (c) rll of the tollow•ing
presentl~• attarhed :hrreto: pipes, plumb~ng fixtures and rquipment, electrical conduit and wuing and fixtures, heating and cooling and air
ronditioning eyuipment and Gxtures, sprink!ing and rcrigation equipment and fixtures, pumps, Qnces and awn~ngs; and (d) range, oven and
retrigerator prexntl}• upon the prem~ses; all of the foregaing arc hercin reterred to as the "Property." To hav~ and to hold the same unto the
\turtgager, ~ts successor~ and ~ssigns in fee simple. .
The ~tongagur convenants that he is IawtuU~• seized of Ihe estatr hereby con~ryed and hr has the right to mortgage, grant and com•e}~ the
Property, that thz Property is unrnc~mtxred rxcept as may tx beluw nuted, and that the Mortgagor w~ll warrant and de(end the title to the
Property against all claims and demands.
And the hlortgagor co~enants and agrees as folloa•s:
t. To promptl~~ pa~~ whrn dur the principal of and interest on the indebtedness r~iJenced by the \ote and prepayment and late charges as
provided therr~n.
2 To pa}~ all taxes, assessments, charges, fines and other impositions of go~•ernmental authority against the Property w~thin sixty I60) days
of when due or sixty (60) daps prio: to the same Fxcoming del~nque~t, whichr~er may fitst accur. ~
~. it rt ~c noted below• that th~s is a second or other subordinate ranked mortgagr, then to promptlp pay~ when due principal and interat
~~w ing under mortgagels) of higher prionty f"Pnor `lortgage!s)"), to prumpUy pa}• to the holdtr(s) of Pnor Mortgagt(s- sums due on account of
taxes and insurance premiums as maJ• be providcd for under the provisions of the Prior \lortgage(s), and to otherwise fully, promptly and
~ompletel~ ke~p and pertorm all of the pro~ises and c~nvenants of the mortgagor under Pnor Mortgagels) and the promissory note(s) stcured
thrrehy; 311 ot th~ foregoing without rrgard to an} wai~•ers, extensions or indulgencrs grantcd by the holder~s) o( Prior Mortgage(s) unless with
the prior consent of the !Nortgagee.
4- \ot to apply to. reyuest of, recei~r or accept from an}• holder of any Pnor ~tortgage any mcne}~, funds or things of calue which would,
might or could 1x cons~dered ~s an ad~ance ~ecured b~~ thc lien ot such F'nor ~tortgage.
5. \ut ti~ comm-l waste or permit or sufter thr -mpairment or detenaratinn of the Yroperty~; not to erect or prrm~t to be erected anp new•
hwld~ngs on the f ropert~ or an~ structura! alterauons to exisung build~ngs without the ~lortgagee's prior written eonsent; to compl~• w-ih al!
+ut~i~~ision restr~cUons and ioning and other regulator}~ laws and ordinances af(ecun~ the 1'ropert}•. If the Property is a condominium unit, the
~tortgagor ~hall, prompth• and completel~~ perform all of his ob6gations undrr the dec:aration of condom~n~um and thr condom~nium
a~sociation's art-cles of ~ncorportation, b~-lau•s and rules and regulauons and othrr constituent condominium documents includ~ng but not
~:mited tu the pa~ ment ot all « gular and special a~sessments, the liens for which againct the Property might or could have priority o~~er the lien of
t his mortgage. If the Propert}• ~s part o( a plannrd unit de~elopment, the ~tortgagor shall promplt~~ compl}• w~~th all pro~ is~ons of the declarateon
•~! c~~•rnar.:s a^d restrictwns es.abl~sh~~~g the same and shaii prumpdy (ulfill alt his obligations under the constituent documents of the planned
~~nit de~elupmrnt including the homeouners asscxiation'~ or its equivalent's arUcles and b}•-laws and shall prompth• pay all assessments or
:harges of c~rn naturr ~no matter how desigoated- the I~en for wh~ch against the Yropeny m~ght or could have prionry over the lien of this
mortgagc_
6. To keep all the Propen}• insurcd as may~ be rryuired from ume to t~me by the Mortgagee aga~nst loss bp fire, K~indstorm, hazards,
casualues and cantingencies (or wCh penod~ and for not lest than such amounts as ma}~ Ae reasonably reauired b}• the Moregagee and to pa}•
~romptl~ uhen duc sli premiums for such ~nsurance. 'The 1lortgagoragrces to deli~•er renewal or replacement polic~es or certificates thercfor to
the `lortgagee at least fi(teen ( I S) da~•s pnor to thr rxpiration oranni~•ersarydate of the ex~sting policies. The amounts o( insurance required b~~
thc !~fortgagee shall be minimum amounts for ah~ch said ~nsurance shall be u-nttcn and ~t shall be incumbent upon the Mortgagor to maintain
~uch additional insurancr as ma~~ t~e necessan• to meet and eompiy full}~ with all co-insurance rcy~irements conta~ned ~n sai~i polic~es to the end
that -.hr ~lorigagur is not a co-insurer thereunder. Insurance ma}• be written b~• a compan} or compan-es ap~royed by the ~lortgagee (xhich
~ppro~a{ ~haii nut t~e unreasonably withheldl and ~11 puhries and reneKals shall be held b~ the tilortgagee unless in the possession of a holder of
3 Pnor ~tortgage. All deta~led designauuns b~ the ~fortgagor whuh are acccpted bv the'llortgagce and all agreements betw•een the ~tortgagor
ind ~lortgagee relating to ~nsurance, now~ ex~stin~ or hereafter made, shall be in wnt~ng and shall be a part of this mortgage agreement as fuli~ as
though ~et lorth ~~erba:im herein and Shall gmern both partics hereto. \o I~en upon ant~ polic~• of insurance or upon any refand or return
premium w hdch ma~~ be pa~~able on thr cancell~uun or trrm~nation thereof ~hall tu gi~en to other than the Mortgagee except a hotd.r of a Pnor
~lortgage or b~• prnper endurcement aftixed tu Such polic~ and approved b} the ~lortgagee. Each pohc}~ of insuranee shall have affixed thereto a
Standard \ew Fork ~lortgagee Clause ~4'~thout Contribution making all loss or losses under such polic~• payablc to the Mongagee as ~ts
tnterest ma} appear. In the event am sum or cums of money Decome payable thereund~r the Mortgagec shall ha~•e the option to rcceive and
3pply the iame on account oL tlle-indebtcdness secured hereby or to permit the Mortgagor to receive and use it or an~~ part thercof without
~ai~ ing or ~mpainng am eyuit~•, lien, or right ur.der and b~• ~•irtue of this mongage. !n the event of loss or physical damage to the Property the
~!ortgagtix sh-s!! gt~e :m;ne3;a;e no.~cr thcrco} h} mail t~ ihe 1lurtgagee and the .Ltortgagee may make pron! of loss if the same ~c not prompti~
~~ede M thr \1c~rtgako•. In thc r~ent of fore~.t~sure u( th~s mortgage or other trans(er a( title to the Propert~ ali nght, tule and intrrest o: the
~1~~rtK.~g~~r ~n and to the ~n~i~rance poL•c~es shal! pass to the purchaser or grantee.
' 1( the \tc~rtgagur ~a~ls ro prrform h~s co~enants and agrtements contained m this mortgage, ur d the 1lortgagor fa~ls to perform an~ duty
•~r ohligah„n an~ing unJer a Pnor ~lurtgagr t~nr!udi~g !he pa}ment o(principal and or interest, depos~ts on account of taxes and ~nsurance
;+rrm~um. anJ tatr charges e~en though the hulder ~~f the Nnor titortgage has made no demand thrreunder and has not threatened am action in
,:~anerti~~r. w~th the ~ame), ur if am .:ctinn or proceeding ~s commenced u~hich matenallc atfectc the ~fortgagee's ~ntere~ts in thr Propert~,
nclud;ng hut n;~t I~mited to rm~nent doma~n or code enforcement or arrangemrnts ~nvo:~ ~ng a bankrupt or decedent, ~r ~f there is an apparent
abanJ+~nment ut the Propert~. then the ~tortgagee at ~ts opuon may pa~~ to the holder of a Prior ~lortgage all or parts of the sum~ necessan• to
~nng thr Pru~r ~t:~rtgegr iurrent, ma~ mai~r apprsrances, ma~ enter upon and ucure the Prupert~, me~ dishursr ~uch o-hrr ti~ms linciudin~
~ut ri~,t liniitrd tu the pa~ mrnt ut insurancc preni~ums and taxes), and mac take such other ~ction as the ~lorlgagee reau:naht~ dermti nrrcti:an
~: .id~iti.,h;~ t~~ pr~~trrt hiti interesis ~n thc Pr~.pert:. al! withuut reg~rd m the ~alue of ehe Proprrt~- :~m amounts ~iitihuned fi~ the \1nrt~::gre
~unuant ti~ [hr pru~is~~~n~ of thi~ paragraph. tu~eti~er «iih interr.t there~~n ~t thr ratc ut cighteen 1 IYS~"; ) prr cent prr a~num ~helt hrcumr
.idd~ti~~na! ~ndrhtednr~~ uf the \lurtgagor ~cured h~ th~+ m<~rt~age. l'nle~t the ~turt~agnr and ~1urt~agrr agrer in wrihn~ tu sumr ~~ther trrm~
ut pa~ mrnt, wch .~r.~~~umti ,nall hr pa~ahle immrd:atrls ~uthing m thi, paragraph tihsH rcyuire the ~lnrtga~cr t~~ ~n~ur am expr~x, make an~
~l;.hur5rment or takr an~ act~r>n KflslC\CL - '
S. Ail proceeds of am auard or cia~m for damages d~rect or c~nsequential in connection with any condemnation or am• other tak~ng by
e~inent domain of the Propert}-or am part thereof. or for con~eyance ~n lieu of condemnatton or eminent domain are hereby assigned and shalt
be pa~d to the ~:ongagee. l'nless the ~lortgagor and ~lortgagee o!herw•ise agrce in wnting (a) all proceeds rccci~ed b~• the !~lortgagte shall be
applied ta the sums secured by this mortgage wrthuut imposiuon of am prepayment charge, and (b)the apphcation of proceeds sha!1 not extenA
or postpone tFe due dare of ~mtallment< <~f pnncipaf and intercst or change the amounts thereof.
9. Am (orhrarancr hJ• the :~lortgagee ~n e?cercis-ng am nght or remedy hereunder or otherwisi aiforded by applicable law~ shall not be a
wai~er of or preclude the exerc~se of such nght or remed~•. The procurement o(-nsurance or the payment of taxes or other I~rns or charges or thc
pa}ment of sums under a Prior Mortgagr b}• the tilortgagee shall nut be a K~ai~~cr of the Mortgagee's nght to accelerate ;he maturit~~ of the
~ndebtedness sccured b~• this mortgagr. All remedies pro~~~ded m th~s mortgage are dist~nct and cumulauve to an} other nght or remed~• under
this mortgage or affordcd by !nw or eq~itq and ma~ be e~ercised concurrently, independently or successi~•ely~.
10. To pa}~ all costs charges and ezper~ses ~ncluding attorney's fces (w~hether or not litigation occurs and tf it does then those on appellate as
well as tnal le~ell and abstract costs rcasonabl}• ~ncurred or paid at any time by the Mortgagee because nf the failure on the part of the
!Nortgagor to perform, comply wie~ 3nd ab~de by all nf his co~~enants set forth in this mortgage and or the \ote and or Pnor MortgagNsy and
the pr~~m~sson nntel~l sec~•ed ~herem
1 1. Thr ~1c,rtkegcc i. a hcrnsed mortgagc broker under Chapter 494, Fiorida Statutes.
H~ '~'~ i'rrpared M Stnnlr~ H. tinicler. Attorne~. J:'~N) Biscatne Houle~ard. ~'l~ami. ( londa ?il~'
~ ~ - ~ ~ ~ - ~t.',,~351 P~1210