HomeMy WebLinkAbout0964 •~dua ondet tlus Mott=ase in t6s Eint c~kodar moot~ Eo~owrio~ tb~s~ of uid tuia. Sucb tuo~s to ~eoded w bear latereit et tbs ats ~
totget6~er with~in~ter~~thereaa~ 6eretnbe[~ ~ sod d?~ ika o(tLtf Matp~a ~aU e:cend to ard ~ecuro tbe suw so acpeaded
18. At mo~t8a8eo
s opttoa. t~}~ witL aud in ~ddltioa Lo ths aaathlypayaxot of rinc[pal and interestpaysbte uader tbe terms af tbe
note secured 6erebY. Idort~aaar tLa!~!~a~? o~ Morlsa~{es each mootb uotil ~aid note bfu~y pa{d. ooe-tweUth (1/ 1!) oE a sumeq
ual to tbe
aanual p~ecafum due fa fire. estaoded cove~s~ aaJ otbar Lasscd tasurance includto Elood tasurancae. coveriag tlis ma~tgaged D~~Y.
plus ta~s and a~q ne:t dne au the mat~?~ed P (sll e~tm+?ced by ~ott8asee) lesa all sua~ already paid tbmefor. aad to be
divtded by tbe anmbat of moatht to elap~s p~ ta tbe da~ ~uch tasa and aaeumeab i6a11 ba~oms ddtaquen~ Satd iums :6all be
paym~atM~whe4 due.or crediced to tl~s prin~3pa1 of tLe 1oao. to WY said i~unnoa. ta~a. aad ~b aad dWl bs applled on t~e `
My a~oe+~ LeW m tnest by 1N wl~en satd loan it pvd in fu11:6aU be pdd ~ Ma~a~or, a hi~ aat~os
or persoual repeeseatstiva. Ia ths evaat af a dahuk a hxa~ aid ~uua beld la t~ n~ay bs spplied oo ~ny ood: of dama~a ~tainet~ ~
~n oonneaeton ..W? cbe oouection af t5s no~e ~ec+~ed 6srel~? wb~t6.r by suit, torec~baure. a ocherwd~. Mortsa~ee may fran time eo tlaie at ~
~ts p wa.ive, aad aker aay iuch waiver. reinstate aay a a11 provisiom heroof requ~ria~ ~,ch depo~Ib. by not~ce to Mo~t~agor tn wrtttn~.
' While~any ~uch waive~ is i~ effect. Matpsor shall psy tatas„ ~t~e~smenb sad iusurwos ptemhwss ai l~erei~o ebaw6ere provided.
Q0. Mat shall oomol~? witb ths ~ro~v~b~ af ~ay laue~, if thl~ b oo ~ kase6old. If th~ mo~t~~e 4 an a oondca~tntum uoit,
aue, m~~t~a~e
~8~s~ !~*m ail a~ mo~tp[ors obli~atioc~ uader the dedaratla~ a~ ooodoaiialuae or maiter deed. tbe bylaws and rcgulatlons oi
tbe candomtnium project aad coo~lItueat documeab. Ma~taa~o~ fn~er coveaaab that he aod tbe aaociatba rapoastbk for tbe operstioo
oE the condo~iaium will ob~v~e~ ~tl of t6s provLioo~ oE tbe saW dedarati and aay ameadmenis thet~eto~ and of the ~oodomiaium law of
on, ~ ere
the stata, an1 aW perform sll obligalia~s tbereu~der: aod a failuro M do w whieb i~ not cured vrithin 30 ~da~t after notice ~iven by the Mart-
gsgee Eo tbe matgagoc ~nd tbe s~id a~octation ibaU ooo:lituts a daEtnlt unde: ~it mort~a Mortg~gor f~uWer spec[fically oovewnts, but not
da a ge
by way of Itmitation, that M and tbe aa~octatioa piil observ~e aU of tbe peovisiocu of satd dedaatiaa of condominium relsttng to insuru~ce
coverage. .
21. MortgagoT further coveaanb and a~ that at the request of Matgagee to f~untsh a standard termite bond iasurins agaiast damige ~
by infatation on the buildings iww or bes~a~Eter bcated on the moet8a8~ P~*~Y. tn suc6 amounts and temu. aad wtth sucb rnmpaay u
tpobtsin sa~me~is~iasu~ ~~ee; aad In tbe eveat Mottgs does not comply wlth this covenant Mo~tgagee sball have the same rtghts
covrraga under oovenaat ~Itt3 be~
22. 'T~t in the eveat t6at tbit moctg~ge 4 Qiven to ~ecure a coattcuctioa loan. failuce on thepart oE the Mortgagor or the biortgagor's ~
rnntractor. amhites~ ea~ineers, or rub-oontractora ta oo:dply wttb tLe te~ms af the ConstrucHoa Loaa A~re~emeat of even date herewith,
whtch is by rcference i~.~orporated hereia, sball, at the opHon af tbe Mortgagee, coostitvte a default hereunder.
23. lf the mo~tgaged premises Lt other than t one to four famtly dwelling, the Mortgagor coveaants +~nd agrees that he wiU, not later
than thirtY (30) days aker the ead of the fiscal year, furnish vnto the Association a cpnpkte and pccunte balnnce shret and profit and loss
statearent refkcting tbe Mortgagois liibllitia ~s well as profit aad bu for tbe Eiscal year, ~nd such balance sheet and profit a~ lou state-
ment shall be PreMrecl bY a certified pubBc ~coountant licensed in tLs Stibe of Fbrid~. aad :hall be eerttfied ss beiag correct by such certi.
ficvl public :m~uahat.
?rl. IE u?y of the sums of herein referred to be aot pranptly and fully patd withia thicty ( 30 ) days ne:t aher the same severally
became due wd payabie or if~ and thes~puLeto~, agreenx~?ts. co~dittoos and coveaants of said promtssory note and tbts uwrt-
e. or eitber tre not ~ulY P~~~, cam~ied adtFi and abJded bY. the a te sum mmtioned ia s~id pmmtuory note shall become
na11Y
s~h'pu~laeed~o
b~vrith or theraJter at the opcion oE the Mo~a~ee. u Eul~ completely as if s~W ~8p~reSate sum of money was odgt.
paki on such daY, ev~ryth{n8 in uid P*~Y note or herein to the contrary notvvitlutaridinQ.
_ ?a. Ia the event that t6e Matgagor makes paymeat by c6xic or checks that the Mo~tgagor has failcd to propedy rndorse, thr
; ~tortqagor does hereb appotnt the Mortgtgee as fts attomey-in-hct to supply on behalE o~ the MortgaRor any and all endorsements necessary
o se
~ to negot(ate said or checkt aad the MoKgagor agrees bo ~a,d t6e I~iortgagee hartnk~ss fran any Itability whatsoever for supptying said
~ endorsement. In the event the Mortga~o r shall c~sh a checlc Eor tbe Mo:t~agor and same shall be setumed for insuE~ident f~nds or any other
~ reason so that tbe Mort~agao i~ ~mable to co$ect ib mooey~ thea tbe Moctgagor 6ereby autAortzes the ~tortscagee to add said sum to the
? P~~ b~lanoe of d~is mott$a8~ aod aid sum sE~all be secured 6y s~{d promissory nate aad mo~tgage u though it was an additioaal advance
~ »ndrr the tem~s snd conditlons of thfa mortgage. .~'7?' y =
e
~ 26. Special provi:ioa~: f~~,~v~3~i ~.,~°~j ~
i ~5~~ tsy,~~fij~
~ ~~"~AE:~ `~~•Q`~
IN WITNESS WHEAEOF. t5e sdd Moet~~ot bat Qeeu~ed t5is mortgaSe vader ~~o~~s,and/year herein f~st above written.
>
~ Si~ned. s'takd and ve~+ed in of:
~ ~ n ~
_ ,
- - ~f'~1 (SEAL.)
" WILLIAM A. JOR SEN
% ~ .p `
~ - _._~~c~d _i'sl (SEAL)
~ ' G IL E. L. JORO SE
~ r
~ ,
~ ~
~ State of FI,ORIDA
~ ST. LUCIE
~ The foregoing iastrument rnu ac~m~awledged beloce ms this 25th ~Y ~ Atgust . 19 87 ~ ~
by WILLIAM A. JORGENSEN AND GAIL E. L. JORGENSEN, s wife 7 ~
a ?
~
~ ,~y ~ s ~ 9,~ ~ ~
~ 844413 _N----- - -
. ~ Sta o lorlda at i.arge ~
(~otary Seal) '87 At~ 27 P i:44 J
~
Fli.E~. ~ • ~ . ~ ~
~ . pOU~'tiCi' , -
~ State of .
~ Camry of
~ The foregoing instrumeat waa aclmowledged bdoee ms t~N day aE , 19 ,
; bY and ~
on behalf af the oorpoestion.
My ~ g 555 962
BOQK FA
Notary Pub11c
(Notary Seal)
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