HomeMy WebLinkAbout0993 ty UPTIONAI PRQVIStON~: Check if applicabk.
? COMPl1ANCE Y/ITH COVENANTS. Borrowpr a~n~e: to abide by esch snd every term snd provision of any declaration of condo-
miniums, restrictive co.ens~ts, planned unit devebpment rostrictions, cooperative 8~srtment restrictio~s o~ other rest~ictive covenants
of aRy naturo or sort to which the Collateral is a~ msy b~:tome wbject. Fsilure by Borrowe~ to comply with the requirements of such
rostrictions or oovenants shaii be and constitutc a~ Event of pefault unde~ this Mortgage.
? RENTS AND LEASES. 8orrower hereby transfen, s~siqns ~ii oonwys unto Lender all of Barower's right, title and interest in and to
all ksses now or heresiter made with respect to the Collateral, or sny patt th~reof, snd ~rants to Lende~ a security intersst in all renb.
issves, inooms and pro~t due or to become due therrunder, or othervnise deriving f~om the use snd occupancy of the Collste~al. 9or-
rower shsll fsithiully perform the oovensnts of Borrowet as lessor under sny pro9ent snd futum kases of all o~ any portion of the
Collstenl, and shsll not do nor neglect to do, no~ pennit to be done, anything whicF~ may cause the termination of ssid kases, ~r any
of them, or which may diminish or impair their value, or the ronts provided for therein, or the interost of Borrower e~ Lender therein
o? thereundcr. Borrow~er, without fiRt obtaininy the written consent of Lender, shall not aui~ the rents, iswes, i~come o? profits
from the Cofbteral, consent to the cancellation w surrender ot any lease of the Coltateral, or any part thereof, now existing or here-
after to bs msde, modify sny wch lease so ss to shorten the unexpired term thereof, or so as to decre~e the amount of the m~t
payabk thercuncier, or oollect rents ftom any tensnt for mae than one mo~th in advsnce. Sorrower shall prceure snd deliver to
Lender upon request sstoppel letten ~r certificate from esc~ Isssee, tsnant or occupancy in pouession of the Collate~al, ss required
by, and in•form and subatanoe satisfactory to, Lender, snd deliver to Lender a reo~rdabk assignment of all of Bonower's interest
in ssid leases, in fortn and subatanoe satisfscton to Lender, togethe~ with proof of due service of s copy of said assignment on e:ch
leuee.
RE~iJEST FOR NOTICE OF OEFAULT
AND FORECLOSURE UNDER SUPERIOR
MORTGAGES OR DEEDS OF TRUST
B~rrower and Lender request the ho~dcr of any mortgage, deed of tnnt or other encumb~ance with a lien which has priority over this Mortgage
*o give Notioe to Lender, at Lender's sddress set forth on page one of this Mortgage, of any defautt under the superior encumbranoe and of
any safe or other foreclowre action.
IN WiTNESS WHEREOF, Borrower has executed this Mortgage.
NOTICE TO BORROWER
~o not sign this Mortgage if it contains blank spaces. All spaoes should be oompleted before you sign.
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THIS iS A BA~LOON MORTGAGE ANO THE FINAL PAYMENT OR THE BALANCE DUE UPON MATURITY IS ~',?4,f~qQ.q4
TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS
OF THIS MORTGAGE. ~
S~gned, se and delive~ in the p~sen f:
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0 S NTO - Bomowar
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- Borrower
STATE OF FLORIDA, ST . LUCIE ~
I hereby oertify that on this day, before me, an officer duly authorized in the state aforesai~ ard in the county aforesaid to take acknow•
~~a~~Y JOHN SANTORO
~ to me knpMh;.i~f~~ the~~es~n(s) des~xibed in and who execut9d the foreg~ing instrument and acknow~edged before me ;hat _ he
~ axecu~tF~.~ior.the put~ose therein ex~ressed.
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; WiTN~$Smy,-p~i~ a~oy'iciaEseal in the county and state aforesaid this d day of N v _ ~g~~,
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firlis~? ex : b_ d ,l~j .
i ~TAEY~:i~ ' S~NT~ O~ FLORID~
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, ~ ExQ~~:s tE3 d l987
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- ~ 1Space BeOow This Line Reserved Far Lender and Reoorderl `
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