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Home My WebLink About0932 - - ~ • ~ ~ \.J Priodp~l amount ot t~vo time~ tba ~aount oi t6e Not0. P~ Lta~ d~: rd a,x~~r~snwnts m~de for tbs p~ymant of ta,ca. laria. oi ~unea~ oa tLe llort6+~ed hoperty. ~vlt6 iateiat oa wch di~b~@1~ AW~ wc11 ti~d dr+na~. wMtlar o~liptory or W be made at the optka o[ ihe ltartj~ea, or ot6anvi~e. a~ b~ mada eltha'ptia to oi tbr tas dw dat~ ot tbe Note or othac nota fecured br thh Mottp~s. 11~t Yort~a~e b~ fot tbe ~peClBc Wupae oi ~ecudo~ ~n~? and aY iMebtednat by tb~ Yottp~or to Yortp~ee (sut in ao eva~t ~ tM ~ecu~ed iadeDtedava euceed at ~nr wae tbe a~sximum prlocip~l amouat at iorth la t!~ para~rapb) in ~vbstevez iwaae~ thi~ L~debtednaa myr be erWa~oed a capre~eated. naW thit Yo;t~e i~ atitt~ed of iecord. All oo~enaaq aad a~roanaatt ooatdned in th~t Mortja~e thaII be appiicabk to all further advanca made by Yortp~ee to Yortp~or wdar this t4tnte ~dvaboe dauie. 16. No delay br Yortjapie in exer~ any ri~ht or ramedr barewder. or oth~a at~ordod by laa. ~hal! opente as a~vahrot Wereof or pnclude We euercLe Wereof dutia~ We ooatinuaaoa of aay defanlt henundsr. No w+aiver by ~[orty~ee of my defaWt ~all oo~nstitute a waire: of or oomeat to w~sequaot defaultc No faiiute of Yortaajee to exercke aay optloa henin ~ to aooelente nut~rity of the debt benDy ~enued. no foibeannce Oy Yottaaeee befoie or aftei t6e euerci~e af wch optian aid m w+itldraMral or abandondient oi foredosuro prooeediu~ by ltort- 6a6eie slyll be tatea or ooo:truad as a ~rairar of it~ d~ht W exezci~e wch opttw~ a~ to sa~elenta the matndty of the debt henby ~ued by rason ot any pas~ prafeat or fLnue defiult on t6e' part of Mort~or; and, La 11ke maaaat. t6e procuiemeat of imurance or Uw psrma~t of taxes or other liea: or chaQei by Yortaa~ee :hall aot be takea or comtrued as a Maiver oi it~ ri`bt to aaabnte tUe matiutqr of tLe debt hereby secuted. 17. WiWout affectiu~ the Wbiiity of Mort~or or any other panon (exoept any perwn expnstly mla~ed in wdtia~ foE p~yment oi my iadebtedaess sxured deiaby or for pedom~aoce of my obli~ation contained hereia. and Mrithout affectin~ tbe ri`bts of !lortaaeee wi8? ~spect to aay ~ty not eupnssq~ teleased in ~vritu~. Yortaasee may, st any time aad from time to time, aiWat befon or aPter lhe maturity of:aid aote. aad ~vlUaut aotioe or consent: (a) Relwe aoy penoa liabb ior paymeat of a~ or aqr put of the iadebtedness or for performanoe ot aay obli~ation; (b) lWke any aareeaAeat ezt~! tb~ tia~e or othe~w~i~a alteri~ the tezms of payment of all or any part of We f~debtedneu, or modifyina or waivi~ any oblisation. or wbordinatini, modifyius or othernise dali~ wriW the liea ~~e heceo[; (e) Exercise or nhain [rom exen~Ltin6 or Maira aay daht Mortsaaee may hare; (d) Aooept additioaal ~ecurlty of aay l~nd; and , (e) Rekase or otLeiwise dal with aay property, real or personal, securin~ the indebtednets. indudin6 all ot any put ot tUe Nortga~ed Property. 18. My asreement beieatter aude by llortgasor aad Mottaaaee pursuaat to tLis mortgage s1Wl be wperbr to the rjghts of tbe hoida of aay intemaia6liea or encumbraoca. 19. Yortaagor 6enby waives all riaht of homestead exemptioa, if aay. in tUe llortgaeed Property. ~ ' i 20. ln We erent of condemnatioa prooadin~t of t6e Yortaased Property, tLe a~rud or oompwsat~on payabk tLeteunder is heceby ats~ed ~ to and shall be paid to Yort~ee. Yortaasx shait be ~mder no obl~ation to question the amamt of my wch a~rud or oompensatiun and may ~ aoapt tde same ia the amount in w~hich the same shall be paid. la any such oondaanation prooeedings, Nortaaeee may be rtpraanted by oow~sd sekcted by ldort~ea The ptooeeds of my a~vud or compensation so recdved shall, at the option of 1[ortsa~ee, eithar be applied to t6e pnpay- ment of the Note and at We nte of inurett pronided thezein. naardkss of the rate of iaurest payabb on the awud by Uu ooodemnin~ wWority. or at the option of Yortas~ee, such awud shag be paid orer to Yort~or fot restoratioa of We Yort;a~ed Property. 21. 1[ NortgaEx. pursuaat to a coastructioa loan s,g~eemeat or loan oommitmeat made by Yortga~ee ~yit61[ortg~r, agees to make con- :wctioa iwa adtinces up to the priacipal amount of the Note, then 1[ortga6or hereby ooreaants that it wnll oomply wnth all of tbe tema. pro- visiom and aovenants of said oonstruction loan a~eement or loau oom~atment, wnli diligenUy oonstruct tLe improremeats to be bu~t puts~nt to the terms tbereof, all of the terms the~eof Nhic6 ue incorponted herein by nferanoe as thou6h tet forth fnlly hetein aad wn71 petmit no de- faults to occur thereunder and if a default shall oocur Uxreunder, it siWl co~ntitute a default ~mder this Nort6aae and tLe Note. 22. At the option of ![ortgagee. Mort~gor shall provide Mort~ee wit6 periodic certified audited statema~ts of the opecations of and the i Cmancial condition of ldort6aaot. i f t- ~ 23. if all or any put of the ~[ort6aged Property. or any inurat Weceia, is ~W, conveyed, transfened ar further enc.umbered by Yortaaaoi E without Mortga6ee's prior writun consent, exdudin6 (i) a transter of the Mortasaed Property by mec6er or conwlidation of l[ortaa~or. if Yort- ~ gasor is a corpontion, with another corpotation havins a aet w~orW of not lat tLan the ~t ~vort6 of Yort~or, or (u~ tLe ~caat of any lea~o- hold iatecest in the 1[ortga~ed Property not oontainias an option to p~ha~e. which Iwe is made in the ordinarq ooune of Yort~or's business. tben and ia that event, Mortaa~ee may decWe aii wms sa~iced by tLis ltortp~e to be immediatdy due and payable. Yort~see shall ha~e wsired ! such option to aooekcate if, prior W the sale, tanzfer or co~veyanoe. Yortasaee aud t6e puwn or enhty W ~rhom tbe Yoct~ed Pmpaty s W be ' toW or traraferred nsd~ ageemeat in ~rririos that the ctedit of sncL pecson or eatity is satisfactory to Nort~oe and that the a~terat qysble on ~ the wms sxured by this Yost~e slull be at sud? nte as Yortga~ee sLall request. If l[ortaa~ee has waired thit optioa to aoaknu as ptorided ia this Yarasraph, aad if ldortgaaor's succeswr ia iaterat 6as executed a wnitten as~umption asreanent, aooepted 'm ~r~itins by ldo~ee, Mort~ee shaU nla:e 1[ort6~or from all obli~tioas nnder this Yortaa6e and tbe Nota 24. Mortsagor repiesents and wuranu that if a corpontion, it is duly or6anized and validly existins. in 6ood standinb under t6e law: of the . state of its incorpontioo, has stock outsw~dios which has been duty aad validly iuued, and is qualifiod to do businas and is in Eood ~tandiag in the Stau of Fbrida, with full power and authority to consummate the !wn oontemplaud henby; and, if a partnenhip. it is dnly formed and ~ validly wcisti~. aad is fully qwtified to do b~sinest in the State of Fbrida; wiW full po~rer and authority to ooosummate the ban oontanplated ~ hezeby. ~ 2S. ta We ertat any one or mon of the provisioas contained 'n~ this 1[ortsage or in the Note thall for any iea:on be held to be invatid. ille~al or w~enforcable in my re:pect, wch imalidity, illegality or w~eaforc.eab~1'ty shaU, at the option of the Yo~, not affect my other pro- visions of this Mort~e. but this Mortaa~e shaU be constroed as if such invalid, illcaai or unenforceabk provision had never bxn contained herein or Werein. Tde total interest payabk purwant to the Note or this Yortgaae shall not in any one year exceed tbe hi6hest Iawfi~l rate of iutecest ~ allowad by the law of t6e State of Florids. ~ 26. The vovenants and a~reements henin contained shall bind and the benefits and advantages siWl iuure w the iespective heirs, executon, ~ dministraWn, snocessors, aad atsigns of the puties ixreto. Wherever used, tlu si~ular number thall include the plural, the piunl the sinaulu, R and the use of my ~eoder sLall be applicabie to all gendeis. Ali cov~enants. ageements and ondertatio6s shaD be joiat and sereral In tbe event additional numbered ooveaaata or pua~apht are for conveniena insated "m thit Yortga~e, sucb additiorW cor~eaanb shall be read and Siven effect as Uroush fo~orvin~ Wis covenaat in oonsecutire order. ~ -N STATE ~F FLQ~tDA~ ~ UOC~1lENTI?RY~:•.~~ STA_____MP TAX ~ . ~i OfPT. af REIIEMYE • . ` ' ` 5 - _ J~2S'N ' ~ I .O 4~~:t ~ F. c P~. . 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