HomeMy WebLinkAbout2999J lu ~~ruiuptlq p~y ,,tl ta~r, enJ ~.,,r,.ui~nt, ~~.r~.rd u~ IrvirJ undr~ arxl by vutuc u! any strtr. f~tifrr~l, or muni~ipal law ~~r ~rguL-u~n
hrt~•~Itct ~)d~\l'~I. .l(::1111\~ ~1u(IEa}~-~ up~m th~~ \lutlga~;r ur U~~ J~bt hrrrby ~rcurcJ. u~ upun ~ti ~ntrrrst unJtt this Mu[tgage. p~uv~dcd huNrvrr,
th~t ih~ t~~sal ~m~umt ,u paiJ fur an~ .u.•h t:-~rs pu~.uant to th~. psr:~r.~ph Iugcthrr w~th the ~ntrrr~t pay~bk on uid ~r-clrbtcdness shaU nW
r~re~d lhe hikhr.t IaNful rr~r ul imrrrct in I lunila ~nd procKirJ lurthrr th~t m thr e~~ent uf the pa~,~gr uf any such I~w or rrgulanun in~pusmg
:1 (:1\ u! .I~~l'~~Illl'M :l},d10J1 Murt~~gre upun th~s \lurtg.yce ur ~hr Jrht +rrurtd hrrehy, th~t the rntirc irnlrbtrJness crrurrd by this Mortga~te shrU
~hrrrupun be..imr immrdwtrly Juc and payrbk at ~hr upuun uf -fort~agrc.
5. fu ke~p th~ \turt~ag~Y1 f'ruExrq• insurrd ~~einst lutc ur Jam:~r by hre, rtnl a0 prnl. inwr~tii agains~ by an e~~endrd rover:-ge rndorse-
mcnt. anJ wrh oth~r ricks and Fxnl. a~ \f~,rtE;~Kr~ ~n ~ts J~srrrUun may rrywre. The ~w6cy or puUr~es ot wrh insuian~Y shall be m thr ioim ~n
.~nr~al wr frum luue to timr m the kxaGly in which the ~tortg,~grd Property is sit~~atrd, shall be in such amount as Mortg:qtee may rerwnably
rcquirr, .hall br i.w~Y1 hy a rumpany or cumpanirs ~ppruved by ~tortg~ger, and shall cont.un a~tanJard mort~t;~ee clause w•ith bss payabk to
\tort~~~;rr. N'hrne~•er rryuircJ by \fortg~~t, .uih pohr~rs, shall be deGvercJ immrdiatrly to and hcld by Norty,agre. Any and ~11 amounts reccivrd
b~ ~turt~a~cr~ undrr any ot .urh puG~irs may be appl~rd by Mortg:~er on thr irxlebtrJness cerured hrrrby in su~:h manner u Mortgagee may, in
i~. .~d. di,rreuun. rlert u-, at thr uptiun uf \tuit~;sg~r, thr rnurr amuunt w reren•rJ or any part thrr~uf may br rclraxJ. Ne~thet the applicatiun
nur the rel.:-,e ~~i ~ny wch amuunt..h;-ll rurc or uaive any drfault. Upon e~rn7sr of the power oC salr ~,~~rn in this Mortgagr ot uthtr acqw~hion
~~f thr ~turtKag~d Pru~x rty ~~r any part therrof by ~turtga~,re, ,uch pu6cies ~haU become thr absulute pruprrty of Nortga~;re.
6. T~~ hr,~ uhtam thr u ntt~n ru~i~rnt ut \lurtlaKtt. ~uch iun.rnt to tx ~;ran[rd ur u'uhhrld at the wle dicclcUun o! :1lurtga~r, befure l-e)
~em~~cing ur d~muli+h~rsf eny hwkiin~ nua ur hrrr~ftrr rrcrtrJ un thr preuuxs_ Ib- rlterin~e thr atrang~m~nt, dr~tgn ot ~ttuctura! ch~tacter lhe~rof,
icl m~kin~ ~n~~ rtp~~rs whi~h mculve the remuval of stroctural parts or the e~pusure of the interior of such buiWing to the eltmentx, Id) cutting
~~r rrm~ning t~r {krnntun~ thr cuttmg and rrmo~al uf any uees or timber un the !-lo;tga~ed Propcrty, le) remov~ng or exchangmg any tanpjble
E~rr.,,nal pruprrt} whi:h u p~rt uf th~ \1~~[tRa~eed Prup~rt). (tj .ntrtsn~ tntu ~,r mud~fytn~ any lvisrs ol the \fortgagad Pruprrty or Ig1)uin in ur
.on.rnt to any .hante tn u~mn~ ol thr \tun:akrd Pruprrt~~.
;. 1~~ n~.untam thr ~turtEa~;~d PruEnrty ~n g~~~hl .unJ~uun :,nd rcp;ur. ~n.luJin~ but nut Lm~t~Yi u~ thr mrking ul surh trpair~ a~ Mong;ytre
a~~> (n~m ;m~r t~~ uuzr drtcru~mc t~~ tx nrrri,a~)• for thr prr.rnau~m uf the ~tortgrg~d Prupeny .-nd tu n~~t rommit or prrm~t any Kaste thrreof;
.,nd \1~~rtF~~rr >IldII }G1Yl' th~ n~ht to ~nap~it thr ~IUI(Y:I~CI~ YIOE)CI[)' OIl ItdA1O1~1I0 OOill'C lU ~IUf1ti'dt,'U(.
K Tu ~umply N~th ~tl I~w.. ~,rJmrn:r,, ir~uleu~~n,. :.~~•~nants, cund~t~un, ancl resinctions alfcc:~ng thc ~lurtgagcd Property, and nut to
r~wr ur ~ktntit any ti'~ulaUun Ihctrot. .
9 lf \tort,:agur fa~ls tu pry ~ny~ cl~~m, Lcn ur ~nrumbrance wh:rh is su~nor tu this Atortgage, ur when due, any tax or asseumeat or
in;uranr~ prem~um, ur t~~ k~rp thr \turtga.r3 Pnspert~~ -n trpeir, ut sh:-ll cummn or permit w•aste, or it thcre bc rummrncrd any acuun or pro-
.r~Jin~ ~Ifrcttng tiir \turtga~rd Prop~rtp or ti~r tiUr thereto, or the interest uf Atartgagee therein, mcluding, but not limued to, emment domain
JI1lI ~'dillClU~ll'}~ Of f~1~fLdflll;1l1U0 proc~Yd-ngs, thrn ~turt.rge~, ;~t its uption, may psy saiJ claim, lien, encumbtance, tax, assessment or premium,
.~~th nght uf +ubru_~Uun thcrcundcr, rnay makr w~h ItFl:llf~ :Ifll~ (:IICC SUl'FI steps ~s it deems acivisable to prevent or rure such w•aste, and may
:ippcer m ~n~ ,uih ~rt~on or pr~nerd~ng ~nd te;rin cuunxel therein, and take such action therein ac ~torigagre dccros ad~~isable, and for any of such
purpu.~+ ~tortgagr~ may ad~~nce ,u.h .ums of muney~, includin~ a0 rusts_ reawnable at.orney's fee~ and other items of expense as it deems nec-
c..an ~t~~rt~a.rr .1e~11 bc the ~vk ~udge of the ieY:ility, vaLdity ;~nd priurity of any ~uch claim, lien, en~umbrance, ta~ ~ssment and premwm
and o! th~ smuunt necrsti~r~• tu tx pa~d ~n .ati.farteon theceof_ ~fortgagre shrll not be h~W a~cuuntrble fur any delay in mal:ing anp such payment,
NIl1iF1 ~ild)' Rl;l} retult in ~ny~ :~Jdiuun:il ~ntrr~.t.:usts, ch:~rgrs, e~pcnse~ ot otherw~se. ~
lU. \lurt~:~e~~r ~~ill p~y tu ~t,~n~a..r. imm~d~atrh end ~~~tliuut demand. sll ~ums ~.~f muney :~~~nced b} ~lortgagec tu protect the securit).
hrrcuf pur~uant to thi. \turt~age, mrludinr: all ro~b, rrawnabk atturney's tres an~ uther itrnts oi r~pense, t~cther wnh intercst on rach wrh
ad~~nr~ment at thc h~,:hr,t I~w ful r~te ~~f interr~t per annum alluu~d by~ the I~w~ ~~f the St-rt: of t~londa, and a0 such sums and interest iheceon
,h;~ll be ~e:urc~i hrrch}~.
11. :11t .umi uf monr~ ce.urcd h~r.h~ ~h~ll };r ~~a}~blr u~thuut .uiy rrhrt ~hatr~er irom ~r»~ valuauun or appraisement lrw,.
1_'. If drf~ult he m~J~ ~n pay~r,~nt uf en? imt~imrnt o( pnnc~pal ur ~nt~rt~t ut the tiute ur .u~) part ihereof Hhen due. ot in paymeot,
when due, ur :eny~ other .um .r.und h~rrby, or m prrf•-~nn.ui~~ of :-nq uf )Iu~tKa~ur~s ubh~:~tiuns, coven:u~ts ur agr?ements hereun3er, all of the
!ndebt~dne~s xcurcd hrreb}• .hell brrume ,u~il be immrdiet~ly due and payable rt the uption of Mortgagee, u~thuut nutice o.* demand ahich are
hrreby r~Preuly uai~rJ, m whtch c~~ent J1urtKsger may a~ail ~t.elt of all r~hU and remedics, dt (aw or in equ~ty, and this Nort~e may be fore-
~lused uith ell r~ght~ an~i rcmrd~e. aitor~rd by ih~ I.~KS of I Iv~l~ia and )lortg~nr ~ha!! pa~ a!! rosts, charges and expeeses tf:ereof, including a
n~,un~blr atw~nry'c fce_ includmg all .urh rust+, e~p~n~e~ arKi atwrney's f~es f~r any retnal, rehearu-g or ~ppeals. The indebtedness serured
fICII'F~}' 1Fl"3I~ t1~Jf intcrr~t at thc h~~hect law~ul -a!e ot ~ntecrst per :u~num sltuw-~d by~ the law~ oi the State of Plorida from and afrer the date of ;u~y
w.h deteult Uf ~~I~IICJ1~1f. I~ ~}Il' ti~~te p~+~~ide, tur tnstalm~nt p;~~mrnts, the ~furt~:,igee may, at ~ts opuon, rollect a late charge as may be pto-
ti~deJ tur m thr \~.~te, tu rr~mhu~.e the ~fort~:~re fur ~~~n~~s in rullrrtmg anJ serti~:~ng ~u~h ~nitrlm~nt pay~mentc.
1 3. II dcfault ~ medr m oayment, when due, ut anq usdebtedn~s~ srcured hcrrb}, ur in prrtorm3nce of nny ut ~tor!~agur's obGgat~ons,
~uccn~nt~ ~~r aer~rmrnt hrrcundcr
~~- \tort~~~~r u aulhunrrd ai any tirne with not~re, m~ts sole ducreuon to cnter upun and take po„essiun of the ~tortg:u~ed Pruperty
ur ;,ny pe~t ihrt~+~t. tu ~xrfurm em :-ct. \lortg:~ee d~em~ necr~,ary or pt~(kr io rumer~e thr .riunt} arxl to collect anJ recene all renti, issues
and pr~~:~h thrrc~~f. ~nrludm~ thuir past due a~ uefl e, thu.r accrumg thrreatter: an3
Ib1 ~lortg~gee .hall ~ ent~tled, a~ a maurr of ctnct nKht. Kithout notice and expar:e, and w~thout re~rd to the ~~alue or ~~ccupancp of
thr ,~.unty. or the soltrncy of ~turtgagur, or the adeyuary oi the \fo~tgaRrd Property as aecunty for the ~ote, to ha~~e a rece~~•er appointed to
enter up~~n ~nd takr po.x„~un of'the ~fnrt~aged Pr~~pettq. ~ulleci the renh and profits therelrom snd apply ttee same as the court may duecl.
.urh re.ricer [o h~ve ~II the rights and pouers permttted urxiet the laws of Flonda.
In e~ther .uch rs+e. ~tortgagee ur the trceivct rnay al+o take pu~~e~~~un of. ~nd fur thrx purputie, use, any and all personal property wh~ch is
a part u( tnr ~fort~.~grd Pruperty ~nd used by liott~agur in thr rental ot lratiing thereof o: any p;ut thtteof. The expense Itncluding rece~vet's
fees, cuunsrl fee,, costs :-nd agent'~ cumpensatiunl ~n~urred pursuant to the pouerc hrre~n ~unt~ned shall be secured herehy. Mortgagee shall
iafter payment of all rosts ar-d :xpenses incurtedl apply such rents, ic~uec and profits recenrd by it on the indebtedness secured hereby in such
urder ac ~tortg:~.er determine.. The ny,ht tr~ rnter and take p~,+se„ion uf the ~tortgrged Property, to manage and uperate the same, and to collect
the rencs. issues and protitc thereof, ~~hethee by a rece~ver or otherw~se, ,hall be cumulauve to any other nght or remedy hereunder or afforded
by law~, and may be exenised concurrenUy~ therewith or ~ndependently thercoL !~tortgzgee shall be Gable to account only for such ten.s, issues and
pmfits actually re~r~~~ed by ~lortgagee.
Id. If the ~ndrbtedness secured hereby ~s now or hereatter further secure.i by chattel murtEages, secunty mtrrects, financing statements,
pledgeti. :ontractc ~( guannty, acs~gnments of lease~, or other serunues, or ~f the ~tortgaged Property hereby encumbered cons~sts of more than
one parcel of real pruperty. Mortgagee may at its opUan exhaust any one or mure of ~aid .ecurities and secunty hereundes, or such parcels of the
cecuruy hereunder, e~ther concurrenUy o: mdependently, and m such order ac rt may determme.
I5. ihis Nort~~e sh:ill secure not unly ex~sting mdrbtedne~s, but alk~ wch future a~lv,tnres, whether such advances are abligatory ot to be
made at the option of Mortgagce. or otherw~se, as are maJe wrthin twcnty 120) ycarc from thr date hercuf, ta the same extent as if such future
ad~ances were made on the drte of the executiun of th« btortgage, but wch .ecurcd indehtednecs shall nol exceed at any time the ma~imum
~~1~.~1 ~~~Gt29y4
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