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HomeMy WebLinkAbout0930 r ~ , : . , ~Qyal doscnpt~on ~bove. th~l'Ma~~~ac~or has lav~~uraiNhonty to convoy.`moit~~~t~ t~ntf encumt~r' ii~~ s~~mc as'~i~c~viUcxa by ` tho°Moriflac~a; Iha1"~iulo~tc~atjc~'may t~ea:.eat~ty a~K1 n~natly enpy th~ MaitqagCC1 Proporty: and lh~t Mo~tc~~c~a w~lt_na~encs (he`Mail~jagedAPrope~~y ~c~a~nsi ~n~ ciaims o! .~U ~~rsons whomSOOVCi anii that Mo~Ic~~t~or so w~r~~ms , . . . 2: PeymqM of Tax~s snd Liens. Ma~t~ac~ai s~~a~i~ ~~iy aN thQ taxes. ~ssessihan~9. Icnrios. I~at~l~t~es. ot3h~ahons ~rKS - ~ ene~tmbtances'ql Cvcry n~turcj nav cin~lhe Mo~ig~~ecl Piape~ty di"lhat he~QaltQi"may 1~e in+rposed. Ic~;~cxi'br asse3ssecf:i~por~ tFiis Moitgaflc' a U~E3 Mortc~agecl P~opaly o[ ~~pc~s'~he ~+~t1L~btetinfzss secur~tf ~her~t~y hil. such ~~ym~nts to t~e mado when . . . . . . . ilu~ ~.~"payabl~ aCCiiidi?l"~"It~ I~w beltlrR"~hey become tlChM~tl~°11 an~ ~IbfO`any"intC~est altaChO~`br any:penasty ~s ~~cu~?ed Insolai as any ~rxfe~iladness is d~ecor~~[h~ sam~ shall tio (~toir~Eiily s~tislied ~ntl'evi`de~ce c~ 3uCh sabstactio~ shatl'~'~?ven ~ . to`M~ftgagee. _ ~ . o~ ~ . ~n ~ ~ " irisiir~~f"'tN he~ea(ttr er~ctCd ~ h~l~t~~gci~ ~~y ~rsur~i'as maY be ~Uiad "1 ormieme lo ~t~y Mo gac~ee ~~ns, loss b~i Gtp otli~t~~~T`ds antl"~ohtiii~enc~es (i~cludi I~~'hazards ~~"t~l~t$ti i~ccurrences in th~3 ev~~t a it~~n d`th~ Iu1tT1'1 ~ C~~'(~i ~1 is ~ _ ~Y 1~ , ~ ~ P~ ~ locat~fit ~ Ilb~ hazard area~as~"may~ti~rpen?~tii~~lib~ iim~~t~'iimoj'Pr~ such aiii0unts an'~F~~~ si.tch peribtls as m~~b'~`~~quir~d ' by M~~fg~~ee" Mo~tga~~r shai~`paypr`o~rlptly wheri'ciue. any~pr~mium~ on silch insu~ance. Al1"tnsr~r~nce sha111R~"~~~r~etl rnn1h cort~panies ~jiprove~ by ~Aatgagee anif'lh~°{~ot~cy anii t~nc?wats ihe~eot ~hali be helc~l~y`Mbrigagee ~~~Fiave~attached thc~eto . 'los~'qayabtc c~auses rn iavor a~il~i~lor'm'~cce~tabto t~ M~r~'~agee ° I~i~th~'eve~t tltloss Mbr~`g~'~t~ti'~hall give ~mmed~ate not~ce ~ by"rtia~1 to MMtc~g~e ~~~i'Mort~~geQ rnay make`'~~bd d°loss it nol`m~dbp~~tti"~tly t~r Moitg'~gb~`~aCh_insurarice Cbmp~ny c~c~rn€~ i~ h~~by`aC~th~ix~?f'~~`t~i~L~:te~ t~dke ~'~"?~ents icN' ~ttc?i los~ d,rectt~t~i~~illort~agee instefi~d b1 edti~`~`~ii~if~~g~ . or Mo~tgagbr anii Nf~itt~~~'j~tly: lr~su?arice j~i!t`iceeds ""o~ a~r`pa~t thareot ma~lbe.a~'iptieiil~Mbr'tg~gee at'its`~pfibn. attQr ~ °~ifLtli~tT~'t1f~r~lt`~`a~1 ~ts exP~t~ses rnc~ud~ng-~tt~~jr's tc3es.'ii~ihe~'io~tliiirr~uctior~`~i"th~~titid~bt~tlness here_by sec~ie`~i'~r . , . . . o'r ~~paPT'o"i'~Fie'~~~t~B~~C~g~1° Mo`~C~~t~~ is:hereby:auth~riz~tl. at it~~pt+on; to setUe an~~~p~orr3i~ tol~fi~~'~Q`storaUpn•- . - - - a~y'~t~ims. awaids, damages. rights d a~'iion ~di~'t1`~5rocc~iis.-antl a~y oi~e~"p~y~itenlFbr-~PeU~I `u`~ile.r any'in$tHa~ce'"'~IK:y. . ~ I`~iathe"eve~'A:~f foreclosi~r~'1f1 this~iilo~gage°o~ oih~"trans~et d~itle t~th~ Mortg~~ ~'l~tyi~ extiitgtushmen~'1 ~t`th~°iiW~~iledness ; secure~hei~by. au tighl: t~i~e. and int~rest~b~'F~fatg~~r in an~i'to'finjririsiirar~e~`pt~~cic3s then i+~'I~irc~ sriaU `~ass'tt5'th~ puicFi~ase~ ? dr grantee: Mdit~~g~e°rna~"~t iC~"~TpCi~"~~qUZre M~it~~i~t3i'to tieposit w~theMatgagee oi~"`tts~ 1~t da~ d~each monih i~l~~~~t+dn i ~[o~iriaki~lj~iajl"'ments d~principa~ ~t~Zl`irlt~rest. t~ntil°the°N~it~ ~s t~Ny p~~ti: 8n amouiil ~quallo`~ne•twelttfi~t~i`~j'd fhe°}iea~ly ? 'premiorri~ t0? aU'insiltan~e Scl~h depos~ts shall noC~be: no~'Cits'tleemc~~~i"be: t'rus1 lunds: but rriay bi3~`~anrrii~glecl witF~t~e ' g~icral lunds d~Aor'~g~gee. a~~d:~o interest s?~atl~be payable'~~n respeci'tFi~~eo~:-U~or~'~tlemantl by'Mo~E~~~e. Moit~~g0i - , ~ ~ shall d~1~ve`~"t~"Mort~~gee s~~h ~~~ional~r~bn~es'as ~re`n~cessary'ti~~K~'~r~`ar~~cletictericies°~n tht3 ar~iounts necassary ' ` fb`~nable Mat jagee"t~pay such~p+`e~rsrUt~s ~r?~n du~'I~'if~i~'eve~t d tleiauii uiitler any d(lhc'~°Ceiins CoGeriaMS ~tl ~Ggns . ~ _ . _ . , in ~fi€~°Nate: thiS~lloit~~~~ Ot ~n~l'~th~r ?nst~um~~1'SeCUr7n"'~{fi'~~1~ t0"`t~"p~`if0~~'n~d o~ ~bse~ved by Mo?~~~gG7 ivioitgagee : . . . = ln'ay `~~1Y'tb the `~i~tibh°ol'Ih~ sumssecuretl h~7~by. in s~ich`m~'nri~i a~ Moiigagee shatl"ttete~in~ne. any amatrit'a~"ti~r - : . . ~ : . _ ~ ~ _ th~s"p~ia' ~'i~~`~ema~rnr~g"Io Mortg~~~r'scredit ~ntl any°tetu"~~~~~€~riium{'~eceiv~ii`t~m canc"~ltat~~ot aryiinsut~ii~iC~`'~o1~cy `by`Mot~`~~~"sdESOn IOteclosu~c"of~lh~s~Mtiit1,~'°agQ. ~ - ' . ' 4. e Condetr?natlon. U ~ - - . ~ ~ ~ ~ nY , . ~ ~ whici~ te~r~i~rh~'useii here~n shaloit ccl''P ?t` or a` ft'thef~ol shalf be"ci~ina ~li~~'taken"~~irough`~onde~nn~tion - . ~nc~ude ~n~"ci~m~~or f~1~??~'bY an~i' ~`t~ne~ta~ authaity a any d by ~ - ~ ny sler•b'~`~~vat~ sale in the' laws bt the $t~t~"dt^ Flaida or the' Urntecl States d'Artierica~ to sb di~'~ ~ o~ lake, arxi ~ tran~ aU~~f ~y ~~~Zed he~'thereof). e~the~ te~~l~~dy'or permanentty.'the entire ind~tit~finess and othe~ surY?s`secilte~~he~eby shatl, ~~t"th~ tfp~ion J~' Y P~ ~fi9ee ~ha~~be e~uNe~ tb au Compensat~on awards, damages. claims. ~ d iiASrf become immed~atei "d'ue ar`iti bla~ W1orT } m ! iights°ot acU6~ ar?tl~oce~ds d: `or on accbiint d any tiafin~~~~ii'~laktf~~~lciugti~COtiilemnation and is h~~~by autfi~izL~: . .b - ~ at its~OptiOn; to'c~t~~nce' a~pe~r in andFp7osecute, ~n ,ts~ow~'Ar` Mbiiga~a's~"name, any actioti o~~'pri'~L~ti',~ig ~rel8ting~to~ ~ . _ , . _ . any'Cb~1tt~~tion. ~n~`t~ seitle'8r ~'o~r ~~om~se arly cl~f?h`in`COnn~l~oi~~tFi~fc~nth. A!1 su~li`compensation awards: dfima~~s. ~ ~ _ . - Gatms: r'r~ht~`d `a"ction aii~`{~rciceetls and a~y olti~payri~'~nt~'o~ rel~ei ~~'th~ It~KC thefE~to. ar~fier@by°as~gne'~ F9~3`M~tg~T~br' : ` to~Mortg~~ee~antlnl4~ort~~gee alter"`d~ifuct+h~'tHeielrbm a?I its expensc~s incluiiirig att81'hey's'fee~~`nay release an~r°monies sc5'recervecl by it ~itha,t ~tl~tir~°il~e lien d th~s Matg~gQ or may ~`ppt~7 ttte same ~n such~manner as fWort~age~ sftatl d~tetm~ne. - 't6"ihe"~e~iictio~i~cit ttie stims securet!'he~etiy and'tb`~~y'piepayti~eM Charge proviiieci~n the`NOte:~h~s'IUorfgage ~r any~`bther ~ instrument securing tl~e'Note Any~ba~ance ot such merne~ then remam,~g shan b~ ~a~~i tb~Mor[~~~~i`'~vl~tg~'~r~~i~~~~s'to execute such turthei ass€gnments a any com~nsat+a?s, awards: cfam~ges' c~a~rris: ~ghts of action and ~AOCe~ds as fiAoiTgagee. " may r~u~re - ' - _ . . - i ~ ge'~'PiOpeNy.° ~+Aortgagor shall not remove or'ciemol~sh any'bwld~ng'br Wher proFerty ld~m~ng a p~tt ~ ~ W tti~ t+Aa1 ega'rty v+nthout the wr~~ten conserii ot'Ma[~~gec; Mo~tgagtir sFia~t ~o[°~t~i1. corn~tiil°'Or suifer any waste.• ~r~p~irinent i~t''tfctenoratwn ot the Mo?tgagei~i~i~p~rty or 3n~ p~`?i'thereol:'ah~ ~han keep'lh~ same a~titf i~~uovement~'ih~r~on ~n`t~"f5~'d Cot?~t~on ani~ i~'t~~ P~att~agor shall notdy~ Mortg~gee in wnUng vi+ith,n 6V~ (5j'tfays d acry ~np,r~:~dama~e: or ~mp~irr?i~~r?t d ot accui~ing oi'± th~~M~lgagL2i f'rbpefry.`Mo~tga~e~'may: ~t Maig~gee s d~cretion. hav~`t~ tut~tg~~eti P1op~rfy inspected at any tirne:and Mbrtfl~got shal~ pay at~ costs_~nc~fretl~by Mortgageca in°execuf~n'g sii~h'ingpecUon ° , , , 6; Mortgagee's RigFi~t~ Make Certein Payments.':1n tiie e+~ent Mo+tgagbf" tads tb- paji c'k d~scharg~' ~ taxes. assessfi~nis. , tevies: Iiat~ht~es:`obl~gations antf 'encuf'~il~ances.'or f~~ls to keep'the`Matgag~i'pf~erty~insutctl ot ~to~'tfcl+Vtr the'poiicies, . , _ . ~-prem,ums'paid.~or`tarls_to ~~pa~~ th~ M~rtga~L~ptBperiy as here~n ~greC~i. Mt~iCg~gee may'at ds opt~on paj~b~`'d~sGharge - '-tne taxes: assessments. tev~es. I?ab~~~t+es. ~rxi ooligat~or~s ~riii`~ncumbiances a an~l p~it~hereot. to prbduce ant~~~'f~r such ~nsurance"~r`to`rii~ke antf pay fOr snch repaus ~Mat~agee sriatl have no bbfigation on ~is~parf~fo dCtermin~'"trie validity"or - . _ , neCess~ty ol ~nypaymenl"~Fiereot and a~~ such payment shatf no1 waive o~ al(eCt any bption, hen c~udy or right dt~ Mbtig~gee ~ , 'wg ` he full amvunt d cach arrd eve~y such"'payment shall be tmmed~ately due antf pay~We ~a~i shatl tie~rinterest Irph ih da ~'th~r~bf untd pa~d at th~Uelaut!'Fi~te, as here~natte~ de(~n~tf: anil togeth~r ui~ith`SUCh ~nteresl. , shall be securetl t~y the i~eh i')I th~s Mti?1~~g@±NOlhin~ h~rc3in coMa~netl shalR be'Conslrued a~`r~qu+nn~ Mortg~~~ 1o advance ~ or ei~~.+er`ki`iftionies tc~ any"d~the°pu?poses ment~oned.'in ih~s paragrapt~. . , ; 7. Paymert~ °8f ~kp`e'nses: Moit~~gcx shatf°pay au the costs. charges antl expenscs. ~ric~ud~ng~ieasan~bte'~t?o~ney's ' tees whether incu~r~tl al trfgl pr,~pp~!late level: d~sburseM~nts'~~°kf cosl W abstraCls ot t~tle, ~ncu~fetl dr°Tpa~d at any time'by ~ iut~~fgage~~due`t~'the fa~lure on ihe pa~1 dTMortg~~Or promptfy and IuNY fO'perfoim: c6mplY ~?nth and atxde`by'each and ` ev~ry st~pUlattfin. agreem~nt: cond+UOn anif covenant d th~`NbtC af~ this Mc~?t~~g~ SuCh'COSts: ch~rges antl'~i~p~nSes: sha11 be ~mmeiiiately due aruf`payab~e: whefne~'or not there be not~ccl:`tltCrra~~f. attempt to coHect-or suit'~riifing ~th~'full ar~ouM ( d each antf evesy such`pajiment sha~? bcar ~nterestlrom ~h~ tlat~`thered r~nt~1 pard ~t~th~`befautt~'q~te, as hereina~te~`d~f~n~ii. ~ Ap SUCh ~OSts, Charge5 8nti ~xpenses so ~ncunGd o~ paFd tOg~fhGt vnth suChirltC~est._shau be sec;ur~i by'the he~ bl this f,Aatgage j and any`~iher mstrumenl secuhnt,~ the'Note ~ ~ 8 AN8'~"ACquirod~Pf~l~lH~I:"Tli~ hen d`thts M1S~tgage w~ll automat~cally attaCh. vnthout further act, to all a~ter acquirL~i - - ~'p~~'tty d itirh~t~r kirtiifloc~teU m C~f o~. or attach~i to: a? us~tl or ~ntendetl tcf be used ~n cdnnecti0n v~nth or in Ihe ciperat~on _ c)t"the Morl~~~~d ~'fd~rty - 9~ Adiiltlonal OoCUments: At a1t umes th,s NAatgage ~s ~n eNect. upon Matgagee's r~quesl; MatgagW shap make: ei~ecute and'd~1~vBf~01'°C9uS~ !b ti~`m~tfe, executed anif del~ver~tl to Mafgagee antf: where a~iprd~fri~te, shatl caus~ tb be reCdfdeii ~r ta~d ati~i tr~~~~aner`tt3ti~ re•record~tf e~ r~~~ed at,such hme antf in su~h' p~aces as shan t~`tleem~tf''tles+raWc'1ry'Mat~~e . any antJ a1! such I~?thef mortgSges: instrU~~hts`.M'tutther assurar~ce,'~ertit~cates and`oth~ dtlCUmBMS~a~yM~t(g~~ee~i~i8y ( . . ' . ' . ~ ti : - d00K~'v0~ TPAGE '9~ . ~z.,. - - _ _ . ~ _ _ _ . . . n . . . ~-~x . . _ ~ _ . ~