HomeMy WebLinkAbout1475~lu. iuKlrr t4is \lu~t~;age iu N~u first ~~sl~ud:.r ~~-w-th fulluw~ub dw e:p~•nding of s:tid aum. Such stuus w r=~xu~levl W l.rur iuter~•st At t6c rat<•
~t ~v6i~~Ii iutontit is ~?:~Lk uput- s:-id priui•i~~,al iiKl~btrduess atd tba lien o( this ~lortguKr shaU rxt~~xl tc~ and xtun• ll~~• ,iiu~~ w~•s~H•u~b•~l
~~~~;rtl~r~ with i~den•st thcn„n as t-cmiutx:Foro providad.
IJ. .~t u~nrt~;a~;~ti•'s upUun, to~rther vv~th ancl in additi~m to the mouthlypa yuknt of ~rincipal ancl i~t~•rc;tpa yal,lr under the tem-s of the
~~~~t~• wY•ur~~i hcreby, ~IOI'ty;;ij~Of SIIAII p~ y to 111ortgag~e each moath unti! saiil aute is fully paiJ, u~x.~twelQh (!/12) of a sum e~ u:~l to the
uwual prrwiun- due for fire, exlr~Klt~l rovr~a~;e, a~cl othe~ hawrd insurancw incluJiog flooel irtsurxna~, cc;~~i•riuy~ th~ mortkay;~yl pro~x•rty,
~~lu. t:~x.~s ancl :us.•asuu•uts ucxt duc o~ tha mongagcd prupcrty (all as cstincdcvl Ly ~lorty~ag~r) l.nss aU suu4s almady p.iicl ihc•r~~for, and tu Ir~
~ Ih i.l~~l hy tl~e ~~unl,er of nwnths to elapse pricr to the date when sueh ta~ces ai~d xsu.~cments shall liee.~n~ deliayuent. Said suuiti sl~all 1-e
~~..~~~ {:y ~~Niijyuj.:iL' ii: ::i:SI fi: ~:~:.~..f::~ ~G 2~ii; j~iiti~iji.iZ U~ ii~e =wti, Zfi j~.~j` aaiil iiuiil:ti~a.Y~, Iaata, ~ft~ iwav~~~i•1~[~ a~~~ ~j~aii ix• :lppli~'l~ ul~ ij~t•
~~.~yiiu~ut thr~rof wi~r~~ duc. Any excrss hcld in tn~st by \tortgaKee whe•n s::id lau~ is paid in h~11 shall be paid to 1~lortgagor, or his assi~s,
~~~ {x~r.uiial repn~•nt~ti~es. In d~e e~~~nt of a defa-dt or fureclcuure, said sunu held in trust may be apptied an any custs of damay;cs siutaiiK~d
~u .~uuu~Y~tiun with th~ collection of the note secured hereby whethe~ by suit, foreuliuure, or othe~•iu. \tortga~ir may from Iiwe• to tinir at
~ u{~tiuu ~~:ii~r. :unl aftrr an~• sucl- w•a~~cr, rrit-state auy or all p~ovisions hemof rc~~uiring ~urh Jrposits, by uotia: to \1urt~ay;ur ~u writiuK.
~1I~i1~ .~ny sucL wui~cr is in ctfec:t, ~tortga~;or shaU pay ta~ccy, a~u~u~nts aiKl in-uranoe prenuums at herein elsewhere providrd.
1A AIn~loaan~ c6e11 ..1.. ...:~6 ~6.. :.L 1.. :l ~4x~ r.. ~ a~ ~ l~ ~L~~J t[ ~Le .~ _
_ ....... ..m.,:e.....~ .... ~..~ ._ .... ..~ ~~ _ -_~____ __ _ "_ _ _
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_.. _, __._' .___' - ___c.'_ __' " __•• j c'~~"~ ~ c"n' cc_cce_~' ' ' e..
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~nortgag~r shalj~ perform all o~ modgagors obligationt under the declaratioa of oondominium or master deed, the by-lavr~s and reg~datioru ol
ti~e conclonunium project and constitueat doc~unents. Mortgagor furthe~ covenants that 6e aiul the associatioa msponsihk for the o~rs-tion
, f the ~rodominium ~~~ill obsen•e all of the pro~~isions o[ the said deckuation, ancl any amendments thereto, and oE the Coudomi~ium 1:-w uf
i~~~ .~:it~~, :~ud H~ill {x~rform all obli~;atio~u them»nd~r; ai~ci a failure to do so wl-ich is not cun.d K-ithin 30 days aftcr notice gi~~en by th~ \iort-
.~~i~a• to the u~orty~aFor anci the said associ;~tion shall ro--stitute a default under this mortgaKe. Atortgagor further specif+cally covenanGc, but not
i~~ ~~•ay of limit:~t~~~~~, that he atHi the a.cux•i.~tion will obsenr al) uI the pro~•isions of said dec•laratiim of condominium n•IatinR to insurance
~ ,~~i•ra~{e.
'!. \lurt~a~;or [urthi•r eY~~•cuanl+ u~Kl :igri•~h tl~at at tl~e nv~uest oi ~(urtgakec to fumish a sta~Klard tcrmite Ix~nd ituurink a};aiiat dama~;e
1~~ inf~•st:iti~~n on tln• Luildiny~s uow• ur herraftrr Icx•at~d un the uwrt~;ar~~Yl property, in such a~nounts arNl tenns, and with such comp:-ny as
.~ppru~~Yi and rer~uintil by \1ort};a~re: a~Nl in the c~•ent \fortgagor does not cauply with this c~~~enant \1ortKaK~ shall hare the sa~ne riRhts
t,~ ~~6t:iin ,:uu~~ a, ;nsnrancr covrr.~y~e und~•r ~~c-venant ~3 herrof.
?~. 'fhat in the event that this mort~;age is gi~•en to secure a construrtion la-u, failure on U~e'parl of the ~tortgagor or the \lort};agor's
,~~ntr.~ctor, architrc•t, engineers, ur sub-rnntractors to eomply with the tenns of the Curutn~etion Lain A~;reement of e~rn date hemwith,
.~ hi~•h is by refen•na• inc~rporatecl h~•min, shall, at the option of the \iortgagee, corutitute a defa~dt 1-ereuncler.
~3. I( t6r ~uuriy~aK~YI ~~re~nix~ is otl-er t6an .- onr to [our family cheelliny;, tl~e ~1o~t~;aKor cv~•en:tnts .~ncl a~re•r, t6:~t hr ti~ill, ~u-t later
tl~,~n Ihi~h~ (30) day~ a(ti•r thc end of tht> fiscal ycar, furnish untn the Association a complete and a~YUrate 1h-lanc~~ she~c•t :md pro[it an<l losx
~t,~t~•iue~t reflirtiu~ thi• \tortgauors IiaUilities as w~~ll :u profit anc! loss for the fisea! year, ancl sueh balancr sheet and profit and lcus state-
~:~~•nt al~all Ix• prepanxl b~• a crrtifiecl public accountant licrrw.d in tLe State of Fiorida, and shaU be eertified as {~einR eorrert hy s~~ch crrti-
~~„~ Enu~uc :~i~;,i~uLt~lC.
_'-~. lf any of the ti~w-< o( u~oni•v hrre•in n•ferre~cl to Ix• not prompNy arxi fully paicl ~vithin thirt}• 130) d:q~s ncst afh•r the ~me se~erally
!~ co~n~• duP aud payahle. or if racl~ ancl e~•ery the stipulations, ageeme~ts, conciitions ancl covenants of said promissory note and this nwrt-
~.~er, or ~•ithrr, are not duly perforu~cd, c~~~~pli~d with anei abided by, the a~gQregate sum mentionecl in said promissory note shall hecome
~I:u• and payable.(nrtl~with or therraitcr at the uQtion of the Mortgagee, as full,v and completely az if said a~RmRate sum of nx~ncy vwas orifci-
~~ ilh .tipeilatirl to Ix• p,~i~l un such ~l:~p, e•~rp~thinR in said promissory note ol herein to the contrary notwit}~stancline.
?a. In thc c~~•nt that th~~ ~lortgay~or makes payment hy check or rhecks that the \tortQay;or has (ailc~l te proprrly erxlorse, the
\t~~rtLay~or ~lix~ he~reb~• appoent th~ \lort}~a~ee as itc attomey-in-fact to supply on belualf o{ the ~1ortKa~or any ancl a11 er~clorsetnrnts necrssary
~~~ n~•~;u6ate• ~id ch~ti•~; or chec•ks aud the \tort~af~ur aqrees to hokl the \torty;aRee harmless frorn any liability whatu-e~~er for supplyin}; said
• u•l~:rw•~w•nt. In th~~ ~i~•nt th~• \tortgat;ur sh.ill cash a check for the 1liurtKaKor and same shall be returr-ecl for insufficicnt funds or any other
~~ awn so that tl~e \tortytaxee is unahle to collect its money, then the A1ortKaKor hereby authorizes the \tort~ay~cr tn add k~id sum to the
~,rincipa) balancr of this mort~ay;e and said sum sh~ll hc urureci by said promis~sory notc arxl mortRa~~ ac thou~l, it was ;m additional arl~~ancr
~ n~l~•r thc tcmic a~xl conclitions of thic mortgaRc.
'_(i. S~~cial pro~ icions:
I\ \t"1 f\1•:SS ~\'l1EREClH, th~~ ~aid ~~oriRa~;or has ezecuted thi. iuurt~:::^_e• i~n~l~•r >ral un the da~• and/c~~an c~•rcin first abo~i• written.
~_ u. ~l, ,~•.~ 1:~u~l tl~•liccred in the~ pr~•sc~nc~~ ~i(:
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The fomgoiag instn~mcnt W15 BCLIIOK'IE'(I~P(~ bfFOlC me tl:is
~'` E~N~:~:"'NxDE, JR. and JOAN S. HYDE, his
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"ih~~ forr~oin~ i2~tnu~~ent w:ts acknowlecl~eci before me this
i~v
m {~•h;df of thc cor~oration.
~~~.'~~ ~ ~.~`_~.
~ "'~1-~""~'1~ ~ ; SE ~L )
Edwin T. Hyde, Jr.
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'~ ,p-.~ ~ ISEALI
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Joan . Hyde
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~~~, a~,~ ~r /V1it~t~,,,~ , is 81 ,
wife. ,~ ~
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\utan• ublic
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. `,:. ~. ~y~~
521~;
:-n~i
day of
1981 M~,R 27 ~,; ~t~ 15
f1:EC LKC F: CUr:~• ~i
`i'.LUCI[ CCU4'. f.F i %•
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CLER~( C1~C,1' ~~
n
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~ 19 ,
of
~1} (:~min~i~si~m cxpire~s:
\otary Yublic
~ \utary S~~all ~ya~~V~ Yj.~t~1~71