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8. lnepection. l.cnder may make or cause to be mnde rnuaunable entriea upun and ina{xrtiona of thp pruperty, provided that l.ender ehal)
Kive 13orrowe~ notice priur to any such ine{xrtion epecifyiug masonable caue,e therefor related to I.ender'e intereet in the Piroperty.
9. Condemnation. The proceedb of uny award or cluim for damagee, direct or coneeyuenlial, in connection with any cundemnation or
uthe~ taking of the ptuperty, or parl thereof, or for conveyanre in lieu of condemnation, are hereby assigned aod ehali be paid to l.ende~.
In the event of a total tnking of the Properiy, the ptoceeda shall t-e applied to the euma aecured by thie Mortgage, with the exceae, if any,
paid to Burruwer. In the event of a paRinl taking uf the Pmperty, unleefa Borruwer and Ixnder otherwise aKtee in writing, there ehaU be
applied W the sume secured by thie hlortKage such proportiun o[ the prcxeede aa ie equal to that proporlion which the amount ot the sumb
aecured by thiK Mortgage immediately prio~ tu llie date ot tnkin~ bears to the fair market value of lhe Praperty immediately prior to thedate of
taking, vrith the balance of thr proceecis paid to Born~wer.
If ti-e Property is xbandoned by Rorrower, or if, aRer notice by I.ender to ti~~rrower that the condemnor offera to make an award or settle a
cluim for damagea, Horrower fails to rexpond to I.e~der within 30 days efter the date such notice ie mfiiled, l.ender is authorized tu coliect and
apply the proceeda, at l.ender's option, either to restoration or repa~ir of the property or to the sume aecurecl by this Mortgage.
Unleas Lender and Borrower otherwiee uKree in writing, any auch application of proceede~ to principai ehall not extend or poatpone the due
date of the r.~onthly inak~llments referred ta in paragrapha 1 and 2 hereof or change the amount of such inetallmente.
lu. Burrow•er Not Releaaed. F.xtension of the time for pi-ym ~nt or modification of amurtization of the aums secured by this MortKage
Krt~nted by li~nder to a~iy succes~r in interest of Kormwer shall not uper~te to rele.+xe, in any manner, thP li~bitity of the original Borrower
and IiorroN•er's succrssura in interest. If~nder +h~ll not I~r rrquired to rnmmrnce pr~~ccrdinKc F~K,iinet such surcessor or refuae to extend time
for payment or othc:rwi~e muclif}- amortiz.iti~~n of the sums securtd M~ thi~ lllurt~;aKe by reasun of any dema~d m..de bp theoriginal Borruwer
:ind ltorruwer'•.s~u~c:~sun ir, iutere~.t. ~
1 l. Horbearance by Lender Not a VPa~ver. Anv [urbearance by (.ender in exercising any right or remc~ly hereunder, or otherv~~se
affordcd bv ~pplicable law, shall not be a waiver of or preciude the exercise of any such right or remedy. The procurement of insu-ance or the
payment of ta::ea o-pther liena or charges by I.ender shalt not be a waiver of i~ender's riKht tu accelerate the maturity of the indebtednesa
secumd by this Mor~aKe.
12. Remediea Cumulative. All rrmediea provided in this Mortgage are distinct and cumulative to any other right or remedy under thie
1~torti•age or afforded by law or equity, and may be exercise~i concurrendy, independently or succexaively.
I'3. ~ucceasora and Assigne Bound: Joint and Se~ eral Liebility; Captione. The covenants and agreements herein rontained eha11
hind, nnd the riQhta hereunder ahall inurn to, the respective succesaora and assigns of [.ender and Rorrower, ~ubject to the provieiona of
paragraph 17 hereof. All covenants and aqreements of f3orrower shall t-e joint and several. 7'he caFiions and headinKs of the paragraphs of
this Mortgage are for covenirnce only and arn nnt to be uscd to interpret or define the proviaions hereof.
1~t. Notice. F.rcept for an~ notice rec~uired under applic.ible law to t-e Kiven in another manner, tal ~ny notim tc~ Korruwer provided forin
this MortKaKe shall be Kiven by mailinX such notice by certified mail addreased ta Rormvrer at the Pruperty Adrlress or at such other addreas as
};orrower may desiKnate b~• notii~e to I.ender as pru~•idrd herein, :~nd Ibl any notice to I,ender shall be ~i~•en by certified mail, return receipt
reyuestrd, tu 1~~nder's addreas stated herein or to such other addresx xs I.endrr may c3esiKnxte by notice to Rorruwer as provided herein. Any
nutice pro~~ided for in this Aiortg.~Ke shal) be deemc~l to hm~n c~rn given to E3orruwer or I.ender when gi~•en in the manner desiRnated herein.
!~. Uniform Nortgaqe; Governing I.aw; Severability. This form of mortKagecombines uniform covenanta for national use and non-
uniform covenants w-ith limited variations b~• jurisdiction to n~nstitute a uniform security instrument cx:~•erin~ real prnpert}~. This btortgage
snall be Ko~•rrntrl b}~ the law• of the jurisdictinn in w•hich the 1'roperty it, tcxated. In the event that any proviaion or clauKe uf this :~1ort~aRe or
the lote conflicts w•ith appticable luv-, such confiict sh:+ll not affect uther pru~~isions of this ~1ortKaKe or the NuG• which can be Kiven effect
«•~thuut th~ ~vmilictinK pm~•is:on, and tu this rnd the pro~~isions of tht• MortKaKe and the Nute are declared to t-e severable.
16. Burrower's Copy. F3orroaer shail be furnished a cunformrd copy oF the Note and of this ~1ort~LaKe at the time of execution or after
recordation hercK-f.
17. Tranyfer of the Property: Asyumption. If all or an~• part of the Yroperty or an interest therein is sold or traneferred by Borrower
w-rthuut t.ender's prior written consent, excludinK I.u the creatiun of x lien or encumbrance subordinate to this MortKaRe, (b1 the creation of a
purch~se money s:•curity interest for household appliances, Ic) a transfer by devise, d:scent ur by operation of law upon the death of a joint
tt~nant or (d- the grant uf any leasehold intemst of three years ur less not containing an opt~on to purchase, l.ender may, at I.ender's nption,
r3eclare all the sums secureu by this MortKa~e to he immeciiately due and payable. I.ender shall have waived such option to accelerate if, prior
tu the sale or transter, l.ender and the persrm to whum the 1'roperty is to F-e sold or transterrcd reach aQreement in writin~ that the credit of auch
~Ntrti0I1 13 3ilI1SfRCtOR' IO l.ender and that :h~~ int~ retit p:iyublr un the sums secun~l 6}• this ~tortKuKe shall be .it such rate as I.ender shall
rK~urs!. If LF•nder h.~s w•xiti~f~d th~~ nptiun tu acc~~•le~r:iti• pr~~~•ided in this para~[raph 1;, and if Rurrow•er's su; cessor in interest has executed a
u ntten .tssumpt:on aKrrrment acc~•pted ~n w ritinK hy I.c•: :ier, lw•nder ch~il l release HormWer frum all ubliK.itiun~ undrr this :11ortKaKe and the
\ ute.
(f Ixnder exercis~w suc•h optiun tu ac~•rt~•ratt•, 1.~•ndf~r vhall m:-il Rornrw•er nutice of acceleraUun in accurdaner with paraKraph 14 hereof
tiuch nuticr shall pr~~~~id~ a peri~~ uf nut less th:-n :~ i~i ~ys frnm the dat~~ the n~~ti~•e is mailed w•ithin w•hich Tiorruw•e~r ma}• pat• the sums deciared
due. If F;nrro~cer fails to pa~~ such 5um~ priur tu the expiratiun uf surh periud. Ixnder may, w•ithout further notice or demand on f3orrov-Pr,
~n~•akeany remedi~K permittfK! hy par.~ti•ranh IK herc~~f.
17-A. The proceeds of the loan evidenced by the prorr~issory note secured hereby have been
~rocured by Lender pursuant to Loan Agreement between HOUSING FINANCE AUTHORITY OF ST.
~_UCIE COUNTY, Florida, and Lender, the interest of the Nousing Finance Authority of St.
-, Lucie County, Flor~da; in said Agreerient having been assigned to FLOkIDA NATIONAL BANK OF
MIAh1I, Florida, as Trustee under a trust indeni~.~re from said Housing Finance Authority of
St. Lucie County, Florida. Under the tern~s of said Loan Agreement wh,ich expires at such
time as all the Bonds shall have beEn fully paid or provision made for such paymer.t pursu-
ant to the Indenture, whichever shall be earlier, certain loan guidelines are imposed upon
Lender whicn must be adhered to by Lender and Borrower, any default in which by Borrower
shall automatically accelerate all remaining unpaid installments remainin~ due under the
pramissory note secured hereby. A copy of the Loan Agreement is on file with Lender,
Nousing Finance Authority of St. Lucie County, Florida, and Florida National Bank of Miami,
~' _ availabie for examination by any party during legal business hours of each business day.
Among other things, the loan guidelines in said agreement provide as follows:
"Alortgage loans, a~ith the exception of FHA-insured or VA-guaranteed mortgage
loans, may not be assumed except by a person or fan~ily which would have been
eligible for a rrortgage loan originally under these guidelines for a term not
to exceed the tern~ of this agreemer.t. The interest rate on the mortgage loan
may be increased in the event of such an assun-ption, but only after the agree-
~^ent has terminated. In the event a mortgage loan is assumed, lender may not
charge or impose an assumption fee in excess of one percent of ~he outstanding
principal amount of the mortgage loan."
If any part or parts of this Covenant 17-A is in conflict with any part or parts of Covenant
17, supra, the terms of this Covenant 17-A shall prevaii.
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