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~10RTGAGE m~Je thr day beloa~ set torth betwrcn the Mo~tgagor bclow named and the ~lorigagee, M ETROPOI.I"T Ah MORTGAGf:
l'O., a Florid~ corportauon.
N~' H k R EAS, the ~lortgagor ~s ~ndrbted to thr Mo~tgagrr a~ e~•idenced b~~ a certain mortRage note ( Note) of evcn datc (rom the Mortgagor
~u ~lortgagcr as dtscnt~ed beluw~.
i o srcurc to the Mortgagee the performanre by the Mortgagor ot all his agreements set forth ~n this Mortgago and the tiote, including the
~cpayment of the indrbtcdness efidencrd by ,he Kote, mterest thereon, sums ad~•ancrd by the Mortgagee in accordance w~th the prov~sions o(
~h~s tilortga~e t~~ protect the I~cn and ~ecun~y thereof, and interut thereon, the Mortgagor does he~eby mortgage, grant and convey to tAc
\tortgagre thr rral property drscribed below• toge~her with (a).all easements, nghts, trnements, hereditaments, rents, issues and profits
appurtrnrnt thereto; (b) ~11 buitdings, strurtures and improven~ents now or fiereufter located upon said rtal property, (c) all of the following
prcsrntl~• attachrd there~o: pipes, plumb~ng fixtures and eyuipment, electrical conduit and w~nng and fixtures, heaUng and cooling and air
~onJition~ng ryuipment and fixturrs, sprinkling and irrigaticn equipment and fixtures, pumps, fences and awnings; and (d) range, oven and
refrigerator presently upon the prcmisrs; all of the fo~cgoing are herein ~rfcrred to as thc "Pmperty." To have and to hold the same unto the
Vurtgager, ~ts surce~sors and assigns in fee simple. ,
l he ~1c~rtgagur convenams that he ~s lawfull~~ seiled of the estate hereby come~td and he has the right to mortgage, grant and con~•cy the
Pro~-erty, that the Propcrty is unrncumberrd exccpt as ma~~ be below noted, and that thc Mortgagor w~dl warrant and defcnd the tiUe to thc
Propcrty aga~nst all claims and demands.
And the Mortgagor co~~enants and agrees as (ollow•s:
1. 7 o prumpUy pa~• when due the prmcipal of and intercst on the indeMrJnris r~ idrncrd by the '~ote and prepayment and lat~ chargrs as
pm~•ided thrrem.
2. To pa}• all taxes, assessments, charges, fines and uther impositions o[ governmcntal authonty aga~nst the Propeny w•ith~n s~xty (60) ~ays
~~f xhen due or sizty (60) days pri~~r to the same txcoming delinquent, whichever ma~~ first c~ccur_
3. If rt is noted brl~-w~ that this u a secand or uther subordinate ranAed mortgage, then to promptly pay when due pnncipal end ~nterest
,,w ing under mortgage~s~ of h~ghcr priority ("Priur Mortgage~s)"), to promptly pa}• to tht holder~s) of Prior MortgagNs) sums due on a~count of
tazes and insurance premiums as may ix providcd for under the pravis~ons of the Pnor Atortgage(s), and to otherw~x fully, promptly and
~~~mpletch~ keep and perform a110( the promises and convenants ot Ihe mortgagor under Prior Mortgage~s-and tht promissory notels) secured
~hereby; all of the foreguing without regard to an~• wa~rers, exten,ions or indulRencrs Kranted by the holder(s) of Pnor Mortgagels) unless with
che pnor consent ot the Mortgagee.
a. \ot to ~ppl~ to, reyuest ~~f, recei~t or accept fram any~ holder of anv Pnor \tortgage am• monep, f~nds or things of value which w~ould,
nugM or could br r~~n~iderrd ~s an adv~nce ~ecured b~• thr I~en of such Pnor ~iortgagc
5. \ot t~~ commit Naste c~r pcrmit or ~ufter the ~mpairment or deterioration of the Propert~•; not to crect or permit to be erected any new~
hwldin~~ un thr Propert~ ur an~ ~tructura! alterations to rxisting buildings w~thc~ut thc \lortgagee's prior written consrnt: to compiy with all
~uh~li~ u,on rr~tnct~un. and roninti and cither regulaton lau~s and ordinance~ aflecun~ the Propen}~. !f the Property is a condomin~um un~t, the
1lortgagor ~hall, promptly and c~~mpletely ~-rrtorm all of his obligat~ons under the derlarahon uf condominium and the condomin~um
.,,~oc~auun'~ arUrles of incorportauon, by-laws and rules and regulaUons and other consUwent condominium documents includ~ng but not
: imite~ to the paymr~t of all regular and special asscs~ments, the liens for which against the Property m~ght or could ha~e priorit~• o~~er thc lien of
~ hu mortgagc. 1( the Propert~ is part of a planned unii de~•elopment, the ~lortgagor ~h:~ll prompltv complv with all oro~•is~ons nf ~h~ drrla~a~~...,
~i cu~~enan~~ and restnctwns rstabhshing the samr and shall promptly (u!(ill ;~U his ubligations under the constiwent documents otthe planned
un~t de~elupment including the homeownen association's or its equ~valent's aruc~es and h}•-taws and shall promptl} pay all assessments or
: hargrs o( c~rr}~ naturr (no matter how drsigr~ated~ thc lien for whuh aga~nst thr Propert~ might or could have priority o~•er the licn of this
rrii~rtgage '
6. To kerp aU the Propert} msurrd a+ ma~ be rcywred from t~me to ume bp the tilor,gagee against loss by fire, wmdstorm, hazards,
.:esualtirs and conungenc~rs fur such penods and t~r not Icss than such amaunts as may be reasonably required by the Alortgagee and to pa}•
~r~~mptlc when due all premiums (or such im~rance The \1ortgagor agrees to del~~•er rcnewal or replacement pohe~es or certificates therefor ~n ,
i hr ~torigagre at teast fifteen ( I S) da} s pnor tu thc expiration or anni~•ersar}~ date of the ex~sting pol~c~es. The amounts of ~nsurance required b~•
' ne ~turtgagee shall be minimum amounts t~r wt~~ch ,a~d msurance shall be wntten and ~t shall be incumbcnt upon the Mortgagor to maintain
~uch addiuonal ~nsurance as ma}~ be nrcessarr t~~ mret an~ ci~mplc fuily~ with all cu-~nsurance reyuirementsconta~ned in sa~d poLciest~ theend
e n~t thr ~1o-tgagor ~s nut a co-~nsurer thereunder Insurancr ma}~ tx wntten b~ ;~ com~;,ny or companies appro~ed by the Mortgagce (wh~ch
+npru~ai shaU not be unreasunably~ withheld) and all p~~licies and rer~ewats ~hall be hrld b~ the ~lortgagre unless ~n the poisession of a holuer of
+ f'nor tilortgagr. All detailed designatiuns b~ thr ~t~~rtgsgor which are accepted b}~ the ~tr~rtgagee and all agrcements between the Mortgagor
s nd tilurtgager rclating to insurance, nuw• exishng ur herrafter made, shali be ~n wnUng and shal: Me a part of this mortgage agreement as full} as
;h~,ugh set torth verbatim herein and ~hal! gu~ern both part~es hereto. tio htn upon :~np poGcy of ~nsurance or upon am• rcfund or rcturn
,~:: m~um whirh rna~• be pa}able on thr cancellat~o~ or termination .hercof shall be grvrn to other than the 4lortgagee cxccpt a holder of a Pnor
~1r~rtgage or fi~ ~roper endorsement :~tfized tu tiuch puLc}• and appro~•ed by~ the ~tortgagee. F:ach pohc} of ~nsurance shall ha~e aff~xed theret~ a
itandard \eu• ti'ork '~lortgagee Clau.e ~~uhout Contnbution mak~ng a!1 loss or ioises under such polic}• pa}~able to thc Mortgagee as its
~nterest may appear_ In the event am sum or sums of monep txcome payable thcrcunGtr the Mor.gagec shall hace the opuon to rece~~~e and
~pph~ the sart~e on account of the tndebtedness secured hereby or to permit the Murtgagor to rece~ve and u~c it or an~• part thereof w~thout
~a ~i~:ng ur ~mpauinK any eyuit}-, lien, or right under and h~• ~~utue crf this mortgage. In the e~•ent of locs or physieal damage tn the Property the
~~~'«K~K~'~ ~h~~~ K~~e ~mmrdwte not~cr there~~i b~ mail ~n the ~lortgagee and the ~1or~gagee ma~• make prouf of luss i( thc Wme ~ti r~ot prompth
•~.ade h~ the ~lortgagur I~ thr rcent of furrilucurr u} th~s morigage or other trans!er of utle to ;he Propert} ali nght, tulc and mtrrest of ihe
ti1~~rtg,~~;nr in and tu thr insurance pobc~es shall pa~i to the purchaser or grantee.
' If thr ~1~~rtgagur (a~ls to perfoim h~s ca>enanb and agreements contained in this mortgage. or if the Mortgagor fails to perf~rm am~ dut}
;~hlig:~tirn, an~ing under a Pri~r 4lortsage I~ncluding the payment of princ~pal and or intetest, depos:ts on aceount ~~f taxeti and msuranee
~~ m~utns and late ~ har~tes rrrn though th: hulder of the Pnut 4lortgage has made no cirmand thrreunder aod has not threatened am ach~~n ~n
~nnrct~~,n with the samel, ~~r ~f ant actir~n c~r proceed~ng ~s commeneed w~h~ch matenall} affecta the ~lortgegre'S interr~h ~r the Prupertt,
~~uding hut n~~t lim~;ed t~~ rmin~nt dom3~n or cude enforcement or arrangements im~olvinR a bankrupt or decedent, or i( therr iti an appnrcnt
, nandunmrnt ut the Prupert}. then the ~1or~gager ~t ith aption may pay to the h~lder of a Pri~r Mortgage all or parts of the sumi necessa: ~~ t~~
~~r:ng thr Pnur ~1~~rt~:~~;r rurrrnt, ma~ makr ap~er:u.+nces, ma}.enter upun and ~ecure the Pn~prrt}, -n.,~ di~burtie ~uch uthei ,um, l~nciud~n~
~~ it nut linuird t~~ ihr pdti rnrnt nt incurancr ~remium: ~nJ taxrc-. and mac take ~uch uth~r actiun a~ the ~1~~rt~~gee reawn~hh drrmti ne.r».~n
~: .~d~iti.ahtr t~~ ~r~~tect hi, ~ntrrrtit~ in thc 1'ropert~, ~II withuut reEard tn the ~aiue ~~f the Proprrtc. :~m am~~unt~ duhunrd h~ ttir ~t~~rtgagrc
:~~.~i~usnt t~~ thr ~ru:i.iun~ ~~f this psragraph, tugrthrr wuh ~ntrrr.t there~~n :~t thr ratr ~rt rightrrn f Ih'; 1 prr crnt Jxr annurn .hall hr.~nnr
rJ~f~h~~n.~l indrhtednetis ~~( the ~turt~;agnr tiecared hc thic m~~rt,agr 1`ntrti, t!~c ~turt~.i~:ur:~nd ~turt~::~~rr agrer ~n wnuri~ tu -"nir ~rthrr trrn»
~t p:~~mrnt. wch amounts ,h~ll he pa~ahle i~mrdiatel: `~~thing in this raragraph sh~ll rey~trc the ~1~~rtEagrr t~i incur an~ r~prn~r, n~ak, an~
'.,-hur~rment ur take am~ acti~~n uhatr~er. -
K. AU pmceeds of an}' award or cla~m for damages dircet or rnnsequrntial in connecti~n w~th am cundemnauon or any other taking by
~ m~nent domain of the Propert~ or any part thereuf, or for com•et~ance in lieu of eondemnation or eminent doma~n are herebv a~vgned and shall
~r paia to the ~lartbagee. Unless thr '~lortgagor and ~1ortgagee otherw~se agree ~n wnung (al all proceeds rc~eived bv the \1~rtgagee shaN tx
,~p~licd to thc sums secureJ by thss mortgaqe w•~thuut ~mpo~~tion of any prepayment charge, and (b) the applicaeion of p~ occeds shall not extend
~r ~~~i:pone the dur Jatc of ~nstallments of pnnc~pal and intercst or change the amounts thereo(.
9. :1ny~ forhrarance b~ the ~tortgagee ~n exerc!cing any nght or remedy herrunder or otherwise af(orded b~ applicable law shall not be a
.~ ai~er uf ~~r precluJe the exerc~se ~~t such nght or remedy. The procurement o( ~nsurance or the payment of taxes or other Lens or charges or the
;~<<ilent of ~urns under a Pri~~r \lortgagr by thr Mortgagec shall not be a w•aiver of the tilortgagee's r:ght to accrlerate thc matunt~ of the
r.debtrdnrti, secured by thu mortgage. All remedies pro~~~ded ~n th~s mongage are distinct and cumulau:e to any othrr nght or remedy under
~!us n:~~rtgage or afforded t-y law or eyuitc 3r.d ma~ he exereised eo~currentl}•, independenUy or suceess~~•ely.
10. "~o pay all custs charges and expenses including attorney's fees (uhethe: or not litigation occurs and if it does then those on appellate as
~.~ell as tria! Ic~el1 and abstract costs reasonabl~ incurred or oa~d a1 any time by the M~rtgagee because of the failure on the part of the
~tortgagui tn ~xrfrrm, comply w~th and abide b~ all of his covenants set forth in th~s mortgage and or the tiote and or Pnor `lortgagelsl and
thc pr~~m~sson notc~>) ~ccured therehv.
I 1 l h•. ~t~rtgagcr is a licensrd mortgage broker under C'hapter -094, ~=londa Statutes.
!s[ : ,i~
~ ~'rrparcd h} ~tanlev N tipicler. ,~ttorne~. 4'(N) B:tic.~cr.c B~~ulc~ard. ~1~em~. Fl~inda ii~17
~;'~ 3~~ : :~ 1~12