HomeMy WebLinkAbout0644d~~e wx1e~ th~s I-tortitaYe ia the fiat calaadar monU- Idlowiug t4em~pendir~ of sakl sum. Such sums w enpeaclwl to b~r interest at the rate
at which futerest is payabb ppo~ said priai.ipal Iadebtednas and tbs lien of thb Mo~tWiSe slwU e:tend to and socuoe the sunu so rspe~xled
to8~~ with tate~rst the~oa ~ beoeinbeEors provided.
l9. At mortgagee's optioa, together with aad la additioa to tl~e moathlypayaient oE nacip~l oad interestpa yabb under tl~e ternx of the
~wto secured herebY. Mortgagor shW~ ~a,y t~ Matg~ee each mouth uaW said note is fu~jr _Pakl. oao-twelhh ( i/18) o( • sum equal to tlie
unausl premium due for fire, ~tended covere8a uK! othe~ haurd iaaurance including flood i~uurance. co~~ering the mo~tga ed P~~Y.
l~u taxes aad a~ssmeab ae:t dae oa the mo~gal Propeity (all ss estirrwtod by MortKeBoe) kss aU tums already pald the~or. aad to be
held b~ the number d moat6a to elap~e prior to tba date whea such buces and ass~unenb slwl! become deWiqueat. Sald sums sl~aU be
Y o~t~gee m crusc ar credited w the prindpal oE the loen, to pay said inaaranoe. c~e~. ard as~sments and shaU be applied an che
par»euc cLeereoE wlwa due. Any ~ heW tu an~t by Mo~tg,igee wheen saW bau ~ paid fa fuU ~all ba paid co Mwtgagor. or Ws ~
or perso~wl represen4tlvet. Iu tl~e e~reM d a default ot forxloauro. aid sua~t heki In hust may be applied oa say caafs of damagea s~
~n co~acMion with the co~ectl~ ef tbe nots secuned hereby w1~etLer by suit Eorecbsure, or othen+rlsc. Matgagee may from time to time at
itso~c ion waive, and after aay such waiver. reinstat@ any or all provisions ~ereof raquiring such depoaits. by notice to Mortgagor in writing.
~vhile any such w.iver is tn eKoct. Mortgagor ahall pay cue~, aaea,neob aud tosuranoe pre~ntuu~s as he~ela elsew~6ere provided.
~0. Mortgagur thall oompl~r with the 4rovidom of tay lea~ if tWs morfgage is oa ~ Iea~e1-oW. If tW~ mortgage b aa a oondominium uait,
inortgagar shaa peifaa~ dl of moctgagacs obU~atlom under tbe declaration of oondomioinm or awte~ deed. tbe by-laws aod re`ulatlau d
ths ooadomidnm projec.t ~ad ooostituent docomeab. Mo~tgaga~ fu:tbet cov~wnb tLat Le ~nd the anociatbn iespoortbb for the opention
of the oa~dominiwn wiD observe all of tbe pmvisians of the aaid declara and aay ameodu~ec~b thereto. and d the Condanldwn law oi
U~e alate, and wiU perform aU obliqatia~s thereunder, and a failure to do ao~wfiich is not cured within 30 deys after notke given by thc Mort-
~;~-Koe to tlie mortgagor aud the said assoclatio~ shall eonttttute a defaWt w~de~ this ga~a Moctgagor furtber speclfically coveaanb, but not
i~y way of limitntian, that he aad the assoeiation wiq observe aq af the provisions ~ satd decluratiaa of condominium relating to iasuranoe
roverage.
21. I-fatgagor further cm~enunts arxl ugrees that at tt~c request of Mortgagec to fumish a stanclard termite bond inswinga~ainst damage
by infestatian ao the buildings aow or herrafter located on the mortgaged PropertY. in such unounts and terms, and with such campany u
:~pproved and required by Mortgagee: and in the evcnt Mortga~or does not eomply with this oovenai~t Mo~tRagee shall l~ave the sa~ne righb
to ol-tain same as i~uurence coverage under covenant x3 hereof.
22. That in the event that this matgage is given to secure a constructIoa ban. failure on thepart af the 1-lortga~or or the Matgagor's
contractor, architeet. enginaers. or sub~ontraetora to eomply with tLe tern~s d the Con:tn~etion Lonn ~ement oE even date herewith.
which is by referenoe incorporatcd herein, s}wll, at the option d tl~e Mortgagoe, ooastitute a default 6ere Au end r.
23. IE the nartgaged premises is other tt-an a one to four family dwelling. t6e M tgagor covecwnts ~nd agrees that he will. aot later
than thirty (30) days aher the end of the fiscal year, fumtsh uato the Associauo~ a eam~pkte and aecurate balanee sheet and profit ancl lass
statement refkcting the Mortgaga's lubilities as wcU as ptofit ancl bss for tbe fisal year, and sueh baW~oe shcet and profit aud bu state-
ment shaU be PreWred bY a certified public aecountant licemed ia tbe Sdtte af Flodda, and ahall be oertified as being corrcc~t by such certi-
fied public accountant. .
24. lf any of the swns of nwney hercin referred to be not P~PuY ~~11Y P~ ~~ ~rtY (30) days neatt aher the same sea~eraUy
I~ccane due and payabk or if eacb and every the tions, agmeements. oonditt~ and om~emnts of sajd
KaKe, or either are aot ~uly pedom~ed, camplied vn~and sbided by, tLe a te sum mentia~ed in saM pro ~r shaD beoorne
due aal payabje forthwith or thrreafter at the option d tbe Mortgagee, as Eul~ completely as if saidaggre te sum of mooe,y was orig~_
n.~lly stip~dated to be pakl cro such day, e~tryd~ing in said pro~rtissory note or l~erein eo the contrary notwitlutandin~.
25. In the event that the Mortgagor inakes payment by check or d~ecks that the Mortgagor has faikd to propedy cndase, the
\fort~Cagor does here appotnt the MoutgaRee as its attort~ey-in-fact to supply on behalf af t6e Mortgagor any and all endo~sements necessary
to neAotiate said or checks aml the Mortgagor ag~s to hdd the Mortgagee harmku from any liability w6atsoever for supptying said
rndorsement. In the e~~ent the Mortgagor shall cash a cl~Ck for tbe Mortqagor and same s6a11 be returned for insufficient funds or a~ otl~er
reawn so that the Afortgagee is unabk to oollect its moaey, thea t6e Mortgagor hereby authorizes the Mortgagee to add said sum ta the
principal balance of thts mortgage uid said sum shall be secured by said promissory note and mortgage as thouKh it was an additional advanoe
nnder the terms and conditio~ of this mortgage.
26. Special provisions:
1~ ~S'IT~E:SS WHEREOF, the saic) Mortgagor has eueeutod this nwrtRaRe ~~ncler scal on the day and/year herein first above written: -
Si~ne~l, sealcd ancl deli~~ered in the preserrce of:
.
~-~~-Q~-~. ---~1`!"
. ~ ` '
titatc of FLpRZDA
Camty of ~TIN .
The fomgoing instn~ment was acknowkdRed before me this 4th
- -- - . .. - __ - (SEAL)
James Richard es
/ • ~- - ~P - ---- ~- -~----- (SEAL)
2t.-i1a Jeane hres
da~ Qf February
bv
J~~~r CNARD BEHRES and•TWILA JEANE BEHRES, his wi e. '
,,~,'~:'r' %~ _ •,
~ - - ~=~ 8 ~ . ~~~
,tY _ . _~~~~ r~ ~ ~~
=~ ~ ~. • l~aary Publ;c ~ State of Florida at Large
7
' 9 i .
( Kof ~1) , ,_.
t: ' , . . 5163Q6
Statc of
(:ounty of
The~ fore~oing instrument wu acknowledged before me this
hy
~~n lxhalf of the corporation.
\h• Commission ezpires:
( ~otary Scal ) ~
~
~
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~ 19 81
~r of 1981 FEG -9 P!~ I2~ 2g .19
and
j~lfC ~Nf ~! GGI+~f~
S~•l-lSf.ll. COUY1Y.flA.
RCGEFt POt i RA5
CLERK Cin^~U;1 C~s~1R~
.. ' i~f' '1 i " (~l~~' _
CV " `
Notary Fublic ~ ^ c~
B~ J~ PAGE VY~
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