Loading...
HomeMy WebLinkAbout0941 ~ t~+~J?.~d 6 Mort~r~t~'s Ri=h~ to Mrke C~rtain P~yaKels. In tAc cvent Mortgagor fa,ls to ~ay or d~uharge the tua, IiaMlitics, or cncvmbrances, or tuls to ~ccp it~c \t.,n~;,,gc~ P~.:~x;~y ww~ed co dclnc~ ihc pul~,ics, p~em~ums p.ud. or (uls tu rcpau the Murtgagcd Propcrty as hcrcin a~reed, Mort=sjct may e! ~ri opu~n or d~s~Rargc ihe tatcs, IiabiLucz, and rnwmbrances ur any part thereof, to procurc and pay tor such insuranct or to makt and pay fot ,;:.h ic~au~. !~t~ni~~gcc ~h~li h~~c ~a ubligaUOn on its part w dctcrminc tAc +al~dity w ntcess~ry of any paymcnt thcrcof and any suc~ payment shall not »~~.c or a(fc.~ au~ .~ptw~~, ; rn cywt~ nght uf ~tor~gagcc uodcr or by ~irwe o( t~is MortgaQe. The lull amount of taih and tvery such paymcnt sAall bt ..~r.r,i~.u~;~ d~~: .,ud ,.~•..~hl~ .~nd .h.~ll ~r:~~ ~ntrir,~ fr~,m thr d~tr thrrr~~t until ~~aid at thr ratr ~~f I ightrrn Prrcent(Ilt~~) prr annum. vmpic ~ntercst, and to- i',c ~ w,th .,i, h~i~:r~r,i. .::.,L' hc .r. ieicd h~ ~hr I~ri~ ul thi, \1,~~t~~gr \~th~ng hrrr~n ~~~Ma~nrd ~h.eil t~t .un~trucd e~ rrywnng ~lortgaget to ad~ancc or i~•vn.l n;~,~,~c, t,~~ ~n•. .•t ~hc puip,~,c. unnuu~ird ~u thi, ~~.lld~:(d~ll~ 7. Pay~tnl o( k:~penset. ~1ur~gagor shall pay all thc cosis, cAargcc and cxpenses, in~ludmg rcasonable attorney's fces, disDuruments at~d cost of ah~tra~ft ~~f uct~, ~ncurred or paid at any ume by Mongagee due to ihe failure on the part o( Mort~agor prompdy and fully to pcrform, c~mply witA and ,h~.fe b> ceth and e.rn supulation, egre~ment, cond~uon and co~enam of the Nott anA this Mortgage. SucA costs, charges:nd eKpenses, shall bt immtdi- :~.:•I~ dur a~~~i p.~~~hlc. ~~h•~ihe~ ,~r nut thrrr tx :~.aicr, dern~nd, attrmpt to:ullect or suit prnding, and shall bear interest at the rate of Eighteen Percent (18~) ~ annum. ~~mp!r ~n~ccc.t. un~il ~aid A!1 ~u~h c«,i,. ~h~rgr~ and txperoes so incurred or paid, together w~th sueh intercst, shal! De seeurcd by the Gen of ~r:, 11.~rt~;agt ~nd .,m other ~r.,trumrnt .rcunng th~ \utc d Addiliund I~cumenLS. A~ all umc+ thn Mortgage ~s m eftec~, upon Mortgagee's requat, Mongagot shall make, executt and dtlivtt or caust l0 Dt madc, z~ciuird and J~I~~crrd eu Murtg~gcc and, whcrc appropria!c, shall cause to be raorded or filed and thernfter to be re-recorded or rcfiled at such ;~me and in wch pla.es as sAall tx deemed dcsuabte by !~1or~gagee any and all such lurther mortgaga, instruments of tunAer usuranct, cettifiuta and _nhrr dcxumenis as Morigagec may .onsider necessary ~r desirable m order to effectuat~, complete, enlarge, pertecl, or to continue and p~eserve the ~~hligauons of ~tongagor under the Note and this Mortgage and all othcr instrumcnts secunng the Note, and the lien of this Mortgagc as a fint and prior l~en upun all th^ Mortgaged Prope~ty, subjert only to Perm~Ued Liens. Upon any failure by Mortgator to do so, Mortgaaee may makt, execute, rtcord, f11e, re-rerord ur refile any and all such mort6ages, instruments, certifintes and documrnts for and in the name of Mortgaaor. Mortgagor hereby irrevoca- hly appoims ~iortgagee age.u and attorney-~n-fact of Mortgagor to do all things necesury to tffectuate or assure complian-e with this paragnph. 9. Evm1 of [kf~uU. An~• onc of the following shall constitute an evrnt of default: ' Ia1 Fa~lure by Mortgagor to pay, as and when duc and payable, any installmtnts of prirtcipal or interest du~ under the Notc, or any depos~~s for [axes ~nd zsses~ments or insurance premiums due hertunder, or any other sums to be paid by Mortgagor hereunder or under any other instrument se:uring the Note. 1b) Faiture by ~lortgagor w duly keep, perform and observe any other co~rnant, condition or agreement in thc Note, this Mortgage, any otAer instru- ment se~ueing the f`ote or any~ other instrument collateral to the Note or executed in connec!ion witA the sums secured hereby for a pe~iod of 10 days atter ,tortgagee gnes wriuen nouce spccifying the breach. (c) If euher M~rtRagor or any guarantor or cndorser of the Notr. (i) fila a voluntary petition in bankruptcy, or (ii) es ad~udicated a binkrupt or insol- ~rnt; or ~i~i) filcs any petition or answer seeFing or acqwcsnng in any rclief for itself under any law relating to bankruptcy, insotvency or other relief fc~r Cebrors, or (iv) seeks or consenb to or acquiesca in the appointmrnt o( any trustee, receiver, muter or Gquidator of itself or o( all or any substanUal part o( ihr tilortgaged Propcrty, or makcs any gencral assignment (or the bcncfit of creditors, or (vi) maka any admiss~on in wridng of its inability to pay its dcOts generally as thty become due; or (vii) a court o[ competent jurisdicdon enters an order, judgement or decree approving a peUtion filed agairsst ~lortgagor or any guarantor or endorser o( the Note, sceking any rclicf under any praent or future (edcra~, ~tate, or otAer statute, law or regulation relat- ing to bankruptcy, msohency oc other r,lief tor debtors, which order, judgment or decm remains unvacatai and uasuyed for an aggregate of sixty (60) days whether or not conse~uti~e from the date of entrp thercof; or (viii) any trustee, receiver or lig~idator of Mortgagor of all or any substantial part of the Mortgaged Property is appo~n:ed without the prior wntten conscnt of Mortgagee, which appointment shall remain unvacated and unstayed for an aggrcgate of suty (60) days whethcr or not consa-utivc. (d) Any breach of any warranty or material untru[h of any reprcsenta[ion ot Mortgagor contained in the Note, this Mor~gage or any other instrument sccuring tAt Nott. t~`% Ib_ , declarc ehe outstanding princi amount of t at y' 1 accrutd thereon, and all other s?~ms secured hercb , to be t s u eman or notice. 10. Aecekntion. I[ an cvcat of default shall have occurred, Mortgagee may declire thc outstanding balana oC thc Notc including thc intcrest earnod thereon, 3 nd all other sums securcd hereby, to be due and Qayabk immodiately. Upon such dectaration such ouutanding balance and other sums shaU immediately be due ;,nd papable without demand or notice. I 1. Remedks atter De(au11. Upon an even~ of default, Mortgagee may proceed by sui~ or suits at law or in equity or by any other appropriate proceed- ~ng or remedy to: (a) enforce payme~a of the Note or the performance of any term hereof or any other right (b) foreclose this Mortgage and to sell, as an ~ rnt~rety or in upante lots or parcels, the Mortgaged Property Under the Judgement or decra of a coun or courts ot competent jurisdiction; (c) collect all rer,es, issues, profits, revenue, income and other benefits from the hlortgaged Property; (d) appoint a receivu to enter upon and take possession of Ihe !~tortgaged Property and to cotlect all rents, issues, profns, re~enue, in~ome, and other benefits thereof and appty the same as a court may direct and such ~ r;ce~ver shall have aU rights and powers permitted under law; and (e1 pursue any other remtdy avaifaDk to it mdud?ng, but not J~mited to taking possession i of the Mortgaged Property withut nonce or hearing to ~lortgagor. Mortgagee shall take action either by such proceedings or by the exercise of its power j +irh resrec~ ~o entry or taking possession, or bo1h, as ~lortgagee may detcrmine. ' ' I2 ~o W'~i~er. No dela~ or omission of !Nortgagee or of any holder of the Note to ezercise any right, power or rcmedy accruing upon any evrnt of de- fauli shall eihaust or impa:r any such nght, pcwer or rcmcdy or shall t+e construed [o waive any event oC default or to constitute acqwcscence therein: l3. hoe-Exclusf~t Rtmedies. No right powtr or remedy conkrrnl upon or rescrved to Mortgaate ~y tht Note, this Mortgage or any other irstrumrnt sccuring the Note is exclusive of any other right, po.aer or remedy, but each and every such right, power and remedy shall be cumulative and coacurrent I; and shall be in addition to any other right, po..er and remcdy gi~en hercundcr or under the Note or any other instrument securing the Note, now or here- afcer existing at law, in equitv or by statutc. 14. S~tccesson aod Asslgns Bouod. Whenever one of ihc pania hercto is named or rtfcrrai to hcrein, the heits, succcssors and assigns of'such party i shalt be ~ncluded and all covenants and agrrements contained in this tilortgage, by or on behalf of Mortgagor or Mortgagee, shall bind and inurc to the ` ~cr.tfits of their ra tiie heirs, successors and assi ns, whether or not so ex resud. i PK 8 P ; 5 Mixdlaeeous. In the erent that any of the co~enants, agreements, terms or provisions contained in the Note, this Mortgage or any otAer instn?rtxnt _ se:unng the Nott shall be invalid, illegal or unenforccable in any rapect, the validity of the remaining covenants, agreemenis, terms or provisions contain- ni herein and in th~ Note and any other instcument securing the Note shall be in no way affecttd, prejudiced or disturbed thereby. 1b. Attoreey's Fee~. The term"attorney's fecs"as used in Ihis Mongage includa any and all Icgal fees of whatever nawre including, but not limited to, fces resulfing from any appeal of an interlocutory order or final judgment or any other apptllate proceedina arising out of any litigation. 1~. Vo Tnnsttr. 1[ is understood and agrecd by Mortgagor that as part of the inducement to Mortgaga to make the Iwn evidenced by the Note, ~lortgagee has cons~dered and relird on the credit worthinas and reliability of !Nortgagor. Mortgaaor covenants and agters not to sell, tonvey, transfer, Icase or further encumber any in~cres~ in or any part of the Mortgaged Propcrty without the prior writtrn consrnt of Mortgaga, and any such uk, convey- ance, t~ansfer, leue or encumbrance made without Mor?gaga's prior written consrnt shall be void. If any person should obtain an interat in all or any parc o( the Moregaged Praperry pursuant to the execution or rnfo:cement of any lirn, security intaat or aher riaht, whaher superior, equal or subordin- ace to this Mortgage or the lirn hereof, such evertt shail be dcemed ~o be a transfer by More6agar and an event of default hereunder. IR. CYaasa to Mort~ate. All changes, alterations, deletions or additions eo tbe substance of any puagraph in this Mo:tga~e which Aave been agreed to bctween Mortgagor and Mortgagee h3ve been iniualed by Mortgagor as additional proof ot Mortgaa~'s conunt. IN WITNESS WNEREOF, the Mort6agor has executcd ~his ~nstrument the day and year above fint written. ~ S~gned. seakd and ~ dciiv t / ~ pr o ~ (Scal) ~ K'itness ture (Seal) ti- ~ ~ . ~ ~i~tness ignaturt , _ / {Seal) ~ ~ R'itness , Si6nattut i ~ STATE OF FLORIDA ~ ~ cour~rttr oF ST . LUC E . F.,Y r j~~ Y'._ 1' ~ T ~ Tt?e fore~ang instrument wu acknowledged before me this 1~t~daY o~ `JLII1 ' ~_'.~5:83 . b~' `l~¢S 5~~.~ ~ . ~ ~ . (Mortgagor's names) 2 y' 4 • f ~ ~I ~ ~a ROSE D. SLAVEN 6 ~ t~aary Puwic, suie o~ Florias u Lar~e/ ~ - j F Notsry PubNc, S!as^ of Fbrida et Cargi? 1~;~~~A ~~j~~~~1~I'!~"Z ~~GE My Ga;ar,vs.;;~ ~ir~.~. A::z. 12, 1984, ~ ~kl INtifI~'~ly ` ~ _ . ~ i :',y _ ~ ~ ~ .~:s~t~'~s"iY, x.~ i`''3`xe!",.l{ ~ ~ ~F.~~ _ . . . _ .