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Home My WebLink About0968 ' ~ 5-83,041-3 ~ • ~ ' / ' ' / ~ ss1~34 ~ - s~' M~ °F~ ~ ~P. F. E .r pe. w oEC-~•~t ~ 0 6: 0 ~ N ~ i~ T... _ ! ~ ~ MOR7(3ACfE made tbe day below aet fonh between ehc Moctaagor below named and the Moctgagee~ M6TROPOLITAN MOR"PCiA(3E CO.. a Florida corporation. WHEREAS. thc Moctgsgor~ ia indebted to tha Mottgaga ~ evicknaed by s artaia mortga~e ewte (Note) of xren date froaa the Moagasar to Moagagoe u dacribcd beMw. ~ To securc to the Mortpgee tlx performanoe by tba Mott~or of alf his sareemeaa ss set fo~th in th~s Mortga~e snd tbe Note. the repayment o[ tho indebtedn~ss evidencsd by che Note. intersst thereoa.:uma advanood by che Mortga ia aooo~saa Nntd tha proviaioaa ss ~oe of this Mortgage to protect the tien and a~curity thenaf, sad ia~ thereon, the Mort r doa bereby awrt~,e, grant ~ad convey to the Mon~aga the real pto ydaccibed beloa, to~ w?ith (a) aU esfeaaeaa. ' ts, t~enemzuts~ hec+editaa~eats. rents. iasuer and profits sppureatant tl~ereto: (b~1 buiMing~. structura aad tn?pmvea~eats ooM or heraRor located thereoa; (c~ ali ooa~poaea~ thereof mcludint P~Pa• umbia~ tixtara aad oquipnneat. eketrial ooaduit and wirla~ and tixturas, battinj sad ooot~aa sod sir cenditioaing a.d equiprrant and ~atuces, aprinkling and irriaatioa oquipment and fixtures. mezhu~ical equipmsat, pumps. fease~ and avmin~; (d range, ovea, nfri~erstor, dubwasher. wsshias machiae. dryar. a lianoa. tbor covecing~ and tin~ situate thereoa or thereia; ~(e) a!1 replscemeats and addittoas to the pr rty described ia~)~ (c) u~d (d) above: prorider,~wee+~er that r~o xcurity iaurest it imposa! e~ upoQ sRer aoquir~d consumer joods a: ftaed by tlie Flo ' Uniforn? ComnuccW Code. To have aad to 6oid the sa~m. uato the;Mortga~oe. its auocesson aod uiigns in fa aimpla. All of t4e forcgoic~ ~re be:ein coUt~sstively reterrod to s~ the "Property". The Mortgs~or covenants thst be b laar!'ulty seiud of tbe eaata hereby caavayod aad he luu the riabt W nwrtgage. Sraat and coavey che Propert~ q, tbat tha Propecty u uaeucuwbered ea~apt "as may be bebw noted, and t6at tha Moct~agor will ararrant and defet~d the titk to the Propetty ~a~ainst ali claieas and deaRand~. • And the Mortgagor covet~anta aad agnea as iollows: 1. To promptly pa~r when due the principal of and intereat on the indebtedeess eridenced by the Note and prepayment and Iate charges ss providrd theran. 2. To pay ali taxa, assessmeals. chuges. fines a~d othar impoailions of $ovemmtatal authority against the .Propeny within sixty (60) days oi whea due or aixty (60) daya prior to the same bceoming delu~quent, whcchever may Crat oocur. 3. i[ it is notod below that this is a secoad o~ other subordinate ranksd mortgage. tben to psomptly y whea due princ~ 1 and interest=owing under mortga~e(a) of higher priority ("Prior Mort sp')~ to ptompdy pay to tbe boldec(a~of Prior Mortgage~j suira due on account oi tnxea aad ~naursoce promwms as roaY be provi~or under tE~e Qrov~sions of the Prior Monga~(s), ~nd to otherwiae fuUy. promptly and completety kap aad perform a!! of t~e promisa ard covenant~ of the Mortgagor under Prio~ ~+iortgage(a) and the ~rornissory note(s) secured thtnby; all of the foregoing without regard to aay waivers~ extensipns or ~ndulgenas grantod by the hotder(s) of Prior Mortgage(s) unku with the prior coQSent oi the Mortgaga. 4. Not to apply to~ request of, receive~ or acccpt from any hotder of any Prior !?iortgags any maney, funds or things oC value which would, might or ceuld be considered as an advana sscursd by the lien of such Prior Mortgage. 5. Not to commit waste br permit or suifei the impairmcnt or deterioration of the Propeny; not to ercct or permit to be erected any new buildiegs on the ,Propecty or 8ny structural alterauons to e~cistiag auitdings without the Mortgagte's priar written conseat; .to compty with aII subdivision ratnctions ~nd zoning aad other regulatory laws aad ordinanoa aRectia~ the Propect~r. U tha PropertY is a condominium unit, the Mortgagor ahall promptly aad oompletely porfonn all of his obligations uader the dectarauoa of coadomin~um ~ and the condominium as.sociauoa's artec{es of incorporation, by-taws and tula and regulationa aad other consiitueat condominlum documents inctuding twt nat timited. to the payme~tt ot a!! ngular and specisl;asseuwents, tho l~ens for which againat the Ptopcrty enight or coutd ' have priority over the liea of this mortgage. [f the Property. is part of a plaanod unit development, the Mortgagor shall promptty oompty ~ with a!t provisio'ris of tt~e dectaradon of coveaa~ta and ratrictioas atablishing the same and shall prompUy fnlt"~lE all his olsli$as~ons und~r ~ the consntuent documents of th~ plaaaod uAit development including the homeowners aasociation's or its equivaknt's arucks and by- ~ laws and shall promptly ~ay all asseuments ot c6arga oi every nature (no raatter how designated) the lien for which againat the Ftoperty ( might or could have prionty ovor the tien of this mortgags. ~ 6. To kap a[t the Prope~ty insured_aa may be requirod ttorin time to tima by tbe Mott gee against lass by fire. windstonn~ t~arards. w casualties and contingencies for such periqds and ior not las tt~n such amounts as may rwsonabiy required by tbe Mortgagee aad to pay promptly when due all prsmiums foa _such iasnranoe. The Mortgsg,or agrees to deGver rtnearat o~ n~taartient poUcia or art~cates therefor to the Mortgag~e at least C~ftan (IS) da~ prior to tbe eapuapoa or annivetsary date of the exis~ policies. The atnounts•of insunnce required by the Mortgaget shall be minimum amouats for which aaid insunncc shaU be arritten and~t :hall be ?ncumbeat upoa the Mortgagor eo maintsia such additional insurana as may be a~tq a~at aad compty [ully with aU co-iasurana requirements coatained ia said poGciss to the end that the Mortgsgor is nat a co-inwnr reunder. Insuraaa may be writtea by a comp~ay or compaaiea approvod by the Mortgagce (wfiich ap~roval shaU not be unreasoaably rvithtretd) and ai!pp~cies and rene~rala shall be heW by the Mortgag~e . unkss in the possessian of a hoidet oi a Prior Moctgage. All detaikd deaiptauona ffy tite M~rtgagor whic6 an ~acoeptcd by the Mortgaga ~ and all agrameata txtwan the Mortgagor a»d Mortgaaa relsting to insurana, now exi~ing or hereatter made. sbiU be in writiag and - shaA be a pan of this mortgage agraaaent aa fuUy u though set [ottb verbatim hercin aad ahaQ govem botb pa~~ hereto. No liea upon any pol~cy of i~isuraace or upon any cefuad ot nturn premium wfiieh maq bepa yabk aa tbe c~nallatioa or tercnination tbereof shal! be given to other thaa the Mortgaga except a holder of a Prior Martgage or by proper eadocsemeat atTuced to such policy aad approvod by the Mortgagee. Each policy of iawnaa ahaU 6ave afCucod thereto a Staadard New Yorlc Mon~agee Clause Without Coattibution mslang all ioss or loss~s uader suc6 poli:~r payabk~ to the Monaa~a as its iatmu eaay appear. in tLe cvent any sum or sums of money baome payabk chcreunder the Mortpga ahall 6ave tlu optioa to recnve and appiy the same oa socount ot the iadebtoduas saured . hereby or co permit the Mortga~or to rcaive u~d use it or_ ~ny pact theroof ~vit6out ~vsivu~ or impairin~ aay equity, lien. or riaLt under and by virtt+e of this moRga~e. n the event of bss or physica! d~nuje to tht Praptrty tiie Moct~agor t!u!1 pre imn~adiate aotic~e tbtreof b~r auil to the Mortgaga sad the MoKga~oe uwy make proof of Inss if tbe ssme is not promptiy made by tbe Mortp~or. IA tbe event of foreclosun of this mort~a o~ other [ranster of title to the Property aU ri~ht, title aud intereat of t6e MoRg~or in a~ddW tbe ~muranoe poticies shail pasf to tbe au~irc6aser or p~ata. ~ , m 7. If the Morc~a`or f~iis so ptrform his co~eaaats and a~reeme~ts coatai»od in thb mort~age, or d the Mortp~or faib w perfora~ aAy duty or obligauon iuis~ uader a Prior Mortpje (includin= thepaymEnt of priacipai and/or interat deposits on aocouat of wtes and insura~e promiums aad 4te ct~ar~a even thou:h the ho{der at the Prior Mortga~e has msde ao de~aand t6enuuckr and bas Aot threstened aay actioo in wnneetion wit6 tbe ssme}. or it any aaion or prooeadin~ is commenoed orliicb a~attrially sffactt tbe Mo~t~is tA~Efti~i 1D t}fE pf0~lGtiy. IDC~~p~10 MIfO~ I1~1~tCd W CtlIIDEAt dOtifitD OL 00~4 M~Ot~OlipCaL OT iffllf~tlDCati ~DYO~YfIIs ~ b~OOt ~ or if tlure is an apparcat a at of the Prope~y, tEsea the I?~.octp~ee st its optiaa maY psY to the huWer ~ a r Mortga~e - ~ll or parts of the sums aecasu~r to bring tl~e Prior Mr~rt~~e cnrnat, may mAke ~pparanoes. may egter u~on aad so~uce tbe Praperty, msr dube~rse such other sums (~acludiag but aos Wnited w tbe Wymeat of insuranoe pcen~iums and Wces~ sad easy tske web other ~ adwo as the Morcgagee rasflnab~iy deems a~ry or sudwabk to protat hls in~ ia tbe Propsrty~ att ~vitbout regard to the vslue of tbe Fraperty. Any amouats dis~ruaed by tbe Mortpaee ,pur:wat to tbe provaious of this paragrspb, to6nher ~vith intecat theroon at tlx rate af 18.00 per ceot per aanum sl~sU bawme addrtiou~l in~ebsed~u d tb~ Mortp~t ~ecu~+ed~y~thi:~ottp~e. Uaket the Mortp,~ aad Mort~a~oe aarea~.n writiu~ W some oiber terms ot p~ ~~aneat.:uch smanab thatl be psysbte iasa~ediately?: Nothinj in tl~ P~S~Pb shalt requir: the Mactga~es io tncw aity expe~ua, make an~? d~buttemeat or take aay actic?n ~vbatever. 8. AU prooads of sa ~ award or cJAim fo~ dic~xi or coa~qventLl in coa~a witb aay coademnsdon or any otber by eminent domain o[ tik ~i~ty or wy th~or for oaaveyaoa in Ueo ot conderr~wtion or ta~ineat domain an ssai~ and :hall bep~d to tbe Murt~,a~cs. Ualaa. t~~?iortgagor sad Mort~ee othawi~e s~a iw w~Itu'~(~) aU proceeds roaived by~ort~ :haU be ipplied w tbe s~ms sa.wrod by tlti~ moctga~ Mitbout im of aay P~'~P~Y~~ t~ad (b t6e appU~cation of pros~eds thali oot extend w pat~,oe~e tbe due date of iast~lla~e~tu of p*iad and interat or chaa~e tbe atnouats ~ 9. Any. forbaraace~y tbe b~ort`ssa in ex any riiht a rcaae~y hereunder or othe~ae sRorded by appl~xbk law shsll not be a wa~ver of or produck tbs e:ercise of wcb~~ri t or rem dy. Thcp cocurement ot iatueance or the psye~snt at taxa or other liea: ar ch~r~a or the paymeat of sunu unda a Pnar Mort~e by t6e M ~e shall aot be a ~raiver of tbe Mort~a~ees's ri t to ~ aoakrate the msturity of the m~kbeedaaa saured by t6b moetp~e. Alt r~~a providod ia this mort t - other ri t or remed aader this mott i+~ ut slistinct and cumubtive y gh y r;ga~c_or affo:ded hy lsrv ot oquity and may be ezcrci~ed coacurc~pt~y, ' dy or suocesaivety. , : _ . U tf~;~ (~6z o rnpuod tl~r'~ty H: spk4~r~Afeorney.47oo eise.yAC Boukv.rQ Mismi. Florid~9lR~I ~Af:f t7 ~ ' - . a, _ _ _ _ _ tY._-.~{,.._-