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Home My WebLink About0990 . ~~VV~V • ~ MORTGAGE-~LORID~°1--J1M WALTER H4MES, IN~. F.t, J~~ n~us MoRmAO~, M.ae a?~s a,y ur _~~rC~ 19 ~Z becwaa ,~l~~i~?I ~i~J /Q~lt~°/"' ai~ c1 ~c4I.~ cf^ Llli,~C . • , ~a~ T.~~s o~ s- ~LC Co~ntY. Flotida. liueinatter called Matg~ga tnd JIM WAI.TER HOMFS~ INC., a Fiorida Co~poatioa? with offia,a at 1500 NaW D~le M+?rbry~ 'Il~mp~, F7aida. 3sov~ t~ereiaatux cuied iriongagc~. WI'INESSBTH: Tbu Mo~tgagoc. ta aocsiduulon of tbe mutual ooYemata aad coaditlams berain soa4iuod and otl~ valuabk coasideration / delivu+ed by tlie Mortgaga to tbc Mortgsgor. the raaipt aad aufliciency w f it bcreby ~cknowledged~ does t~eereby gtaat, bargain. sell, assign. ~ J traasfer, convey and coafim~ uaw Mortgagee tbe propaty ahuate in `S r Counry. E=lotida. describcd ss: ,C o ~ i/~ ~loc.~ sa , ~Svr~ l~t~ . ~Q.-~'r~s, Scc ~`i-o~-~ ~~r~ accor~I~C/ ~U 7'~~ ~~~t ~ 7~~-~c~~ a5 ~"c~4`~c~ ~ '~~C~ ~ /,~P~i~. /Ol ~l~?C 7~ i U 7~ ~~1~ ~U~/!G ,~PCOI'~S OF Sf LlJC/C ~'D U!~ ~ f ~--~Q , - ~ ?"~.T' ~ , = l_. C~ ~ ~ G d~ ~ - ' `J uOtUtr1~NIAkY: . - STAMP rAi, ~ _ ~ - c-+ i° RFPT.O~ P,EVCt~tiEr~~" 4~_zs~ - _.t) , " MAR?1'87 ~r: t ~ ~ ' • f . ' - P. & ~ i~ ~ _ i9523' ~'~~1, r~~3~= ~ . TOGETHFR WITH alt and singutar the ways, essements. ripvian aad other rights. and sU teoements~ lx.reditaments aad ~ n~n~~ts theneunto belonging or in anywise apptrtaining. and all houae~. buiWings, structures and oWer unpmveanents aow on said land or~ reaRsr may be eroctod or plaoaf thereon, and added thereto. aad all fi~ctura auached thereto and all rcnts. income. issues aad profits axcuing and to accruc therefrom: TO HAVE AND TO HOLD the above described propetty, and said improvemenis unto th~ Mortgagee, its suoccssms and assigns, in fee simple. Mortgagor 6ec~eby rnvenants with Mortgagee that Matsaga is lawfully seized of th~ fa simp{e dde to the abovo described property and has full power aad wthority to gant. bargain, sell and mortgage tbe wme tu the Mortgagce; tLat said prope~ty is frce and dischargod 6nm sil liens. _encumb~ances and ctaims of every kind.-including taxes aAd auessmeats except the_lien of taaes t6at may not _yet he.dus an_d_payabk; that said Mortgagor. his heirs. tegat rc~mseatativts and succcssors, ahall warrnat aad defend tbe tide to said piaperty unW the Mortgagee against the lawful - claims aud demaads of sU pe~sons whomsoever, aad wip make such further assuranoes to perfect the foe simple Gde :o sa~ prope~ty in the Mortga- gce as may be reasonably requircd. ! PRONIDED A1.WAYS. and these preseats are upoa these express condidons, that if Mortgag r pti W Mortgagce a~ certaia ! qnmissory note, of evea date hcrewith, made by Mortgagor to Mortgagee iu the amount of S ~~y~~~ ~~~y installroents of S`sq • veach. the first installment to bceome doe aad payable oa tt~e date set forth in the Campktioa Notice ("Commence- ment Date") to be maited or delivered by 1'un Walur Homes upon compietian of its contract obligations set forth in a buildiag c~tract of evsn date henwith betwan Jim Walter Homes, lnc. and the uqdersignod, and one instaltment to baome due sod payable on the saa~e day of esch suooxding month un61 payrtxnt iu full (if not aooner paid. the eatin outstandiag indebtedness shall be dae aad payable ~ months from the Commenoe- ment Date) and shall pay all othet indebtedness or liability that mmay booane due or owing hereunder and shall faiddully aud promptly coanply witb and perfam each aad every ot6a coveoant and provision containod herein od the pazt of Mortgagor w be complied with and petfom~ed, tlyen this ~i~tgage and d~ estatc ~ereby created shail cease. det,ern~ine and bxome oul~ and void. Upoa full paymcnt. as above pravided. Mongagee shall. at Mortgagor's nquesi snd eapons~e, exccute a satisfxtion of this Moetgagc. Martgagor further coveaants and agroes with tbe Mortgaga as follows: To Fray ihe ir,~.~ir~s; r.~,i,~ iss sY~~~! b; nnte ancf sny ~xtso~ions or renewals theroof. and sU other indebtodness or liability hereby securod. however created or evidenced: to pay all wces. assessmeau. levies. lieos and encumbranc~s of every kind and aaqu,e on saidpc~p- erty and upon this mortgage and oontract and the monies secund heceby PromptlY w6en dve aad befae deW~qaeocy thereof; to pay all costs atd eaper?ses incumed or paid by the Mortgagee in oolkcting the iudebtedncss hereby secur~d or in enforcing or pmtocting d~e riglus and security of 4he jNortgagee hereunder. inciuding actusl coort costs and reasonabk suoraey's foes of 1046 of the amount then due and payabk if rofurcd to an attar- ney, who is oot a salaried employa of Mortgagoe a its assigns; to icap all builtings and swctures now or he~+cafter aected upon the mortgaged ~ premises pcrn~anendy insured against physicat damage or loss fr~nm fir~e. lighmiag and exteaded coverage to the txtent of the Itaser of the actual cash value of the house or the unpaid balaaoe of the cash price. Mo~tgagor must maintain the roquired insuranoe coverage from the date of com- mencemeat of eonshuction uatil Mortgagor's obligations under the Coatract executed arith nferenc•,e W this Mortgage are fully disehargtd. '[he required policy ar policies shall contaia a claase makin6 the proatds paYable to Mortgaga W dte exuat of ita intenest in the properiy. Moctgagce reserves the right to rttuse to accept aa insuror offcred by tht Mortgagor if tbe pol~cy is o~ in tbe form of th~ aaiount a~coeptabk w the Mortgagoc. [t is further coveneated that the Mortgaga may at its c~ptioa, but in no evsnt shall it be obligated W do so, advanoe mon':es that ahould have bcen paid by Mortgaga hercunder in otder to protat said property or the liea or security 6ereof, and Matgag~ agroes without demand to forthwith ~ ~epaY such a?onies w6icb shall be coasidertd as so much sdditional indeMcdneas secutCd hereby; but no payment by the Mortgagee of any such monles shaU be damod a waiver of the Mortgaga's rig6t to deciu~e any sums berwnder due by r+eaaoa of tbe defialt or violation of Mortgagor in any of his covenants hereunder. ~ , 7be Mortgagar agr+~es t}~at any sum or sums wluch may be loanod or advanoed by Mortgaga to tt~e Mortgagor at any time within twenty (20) ycars from the date of this Moctgage, shall be equally socured with and bave the same piority as the original iudebtodness t~creunder aud shal[ be subject to all the temu aod provisions of this mortgage; provided that the aggrcgate amcwnt outatanding at any time ahalt not eacood oae huad:+ed fifty percent (t5096) of the anwunt ori ' soearad hereb . Nothie contained hasia shall obli B~~~Y ate M W mslca an such or Y 8 8 loans ~8a8a Y advan~xs. Tbe Mortgagor further ooveoants to kap said p~ropecty and the buildings eow locatod tl~creon or 6ereafter to be erocted d~aeon iu good nepair and to pemiit, commit or suffer ew waste, impairmeat or deterioratioo tberoof, aad to c~oroply strictly with all Iaws and governmental regula- 6ons and ruks affecting aaid pt~operty a itt opuadon. 4 It is further oovcnautod and made the essence hereof tbat in case of dcfault for thiny days in tbe payment af any swns of money to be paid here- under by tl~e Matgaga or in the peifonnance of any of the coveoants baein on the part of th~ Matgagor to be paformed, thcn it shall be optional witd the Mcxtgagee to oonsider all untt~tuned indebtednas or liability sxured ha+eby, including any additional sttms 6ercunekr sdvancod and , securod 6ereby and aay intuest due thereon, as i~mn~sdi~tely ~ue and payabk. without demand wd without aotia or decfaration of said optioo. snd the Matgaga shall bave tlje right fathwith w instiwte proceedings to eafare the ooUoction of all monies savred benby, includiag the right to ' forectose tbe liai hertof. R~t1RN T0: ~IM WALTER ttOMES, tNC. T~is WSTRUMENf PREPARED BY . p. 0. BOX 226~1 T~~s ir~~r ~u::,~cvr ~~~PnR~ B~ Thorr~as E. o sm~u ~ TA~RPA, FLORIDA 3362~ ~F ~ W~~s~~ . T~mpa. ~ to: t~ta 2 ; ,m 2~o c~e,?. , ra ~ ~ j ~z.~l . ' : . :i ~ ` w , ~ r• l ~ ui _ _ . . .:•a~~, . . I ~ : . .q~•,-.. . , T ..e._.... . .pr ~~"'~.."r~r""y`X~""~,!""'~' 'T'~T~~~i-- . . . . . . ' . - . - ' - " - . . . . - . . . ~ . ..:t ~r; . _ ~.r s : : , ' . - ` ~ Y~ ; . _ . . . . ' . , . ; 4~. • .