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HomeMy WebLinkAbout0984 , . due e tb~ My the ftrtE~ adW E ~p~p eadt~j d sum. S ;uaas ~pe ed to' beu iaate~est ~~"t~ie ;nt at w te~elt i1 ~ u ~~ii•nd-p~~~i?ad f!M ltea o~"~~onp~i ~ eute~'to ~:ecure the swns so e:pead~ tog4tber witb intetait t~111c0011 4 he~Ap{t0t0 ~ p. ~ ~ie,;~j~c ~ ~~s~oPaoa, cp ~ ~?t~,`.~d w.~a~a ` w ~ mon~? ~ i~d un~e~e':cw ,t, ~ ~ ~e o~; - n o te a e c u r e~ b ere Y. l~ to aw t o Matp~ m~o~ w ~ t i~ ~oote~ p~ ooe- t v?~e t t t h i~~ i)~ ~~.a-qu~ e ~ aaawl p~emlwn~ue for~. ~be~i~cq~v~en~e~ a~,~o er. u~na ~~~~o~f ~e~ cov~rip8 t!?e ~q,~S~ ed P" p°Q~`r? !w eua sad ia~ab aw~t dw.4u eM ~aort~a~ed p (~i est4n~ted by l~orts~tee~~el~iU:um~ slro~d~ p+~d them~o~~ ~ to bo ~ ~tvtded~y tbe Awnber af ~aootb?~ to ela rtor to ~he ~e,~ ~ch tue~ _aad ~a:aaeo4 ~ull becoa e~ d~Waq _ o~ S~Id ~t~s.~ -sh~+ll be held by,l~ t~~ W.t~t ~c~edi0ed co prin~p~l ~t6s loao, co p.x utd t~s~anos~ w~a. ~ad aae}sa~eAv ~~uU b~.'. upd oa tbe . , wyme~nt t~~reoF wl~eo dua AtW ezoaa b~ta trwt by M w6en ~kl !o~ L~ _ ia _~ball be p~Id to Mort~a~o~, or hi~ or pertooal ~epcaeoq,tlv~et.~In tbi ewot of,1~ d~hult a Ear~e,~~Ca~, aW ~uaa 6dd tn~ au~y apylied oo soy cosb' o~ ¢auta~q swta ' _ tn caonecttoo vNt6 tb~°oollectioa ot tIN nooe ~u+d b~'eb'ra.~=-,~~ by iuiR~ Eorec~3o:ure. a ottierwl:e., Mort ~~ee auy froa~ time to ttcne at ib vo .wiive. aAd aEteryany such waiver; e~elattaM aoy or sl! provisiom ~e~eoE roquiiio~ tuc6-depOdtf b~notiCe W Mott~a or. tn` Viit'itln~. : M~ w~."wr ~ w~~~ t~ m et~= t~«c~ ,wan p.r w~e.~'~t1~Maneoq tad Imwaao4 ptamiumt w fiecela elt~twbero p~«t. . . ~rovlsiow _ , y , . ~ : _ ry _ . , ~0. Mat_~a~oc~~ wi~~ e obLptbot v~adK~'t6o~da~dira~~ ~oqnd eald~ t6~`mo~t~a~e V oa a ooodomiotum udt, - cbe coQdomtdnm Drqe~t wd ooa~tl t docun~b. t W4.' Eor tl~e opat~tion ot t~he~~ooodoaaWum wW ob~etvs vl of tb~ provbiaat of~ declanti ~,~~y ~'~a~4~the~~reto. d n, ~ Coodaninj_uw law; of , cAe state."and wW perform a11 . tions thsreund8r; aad ~ Eai!ur4 t~o d~ w whicb tt not curad witbtn 30 d~Ys ~?ftet twtic~ ~Iven bY +~-I~o~t-- ~a~es to tbb mo~t~a~or ~ad tbe~~s~octstioo ~bail coonitute a de[anlt uoder thta monp : Moctpsoc fu~ther ficallr coveaana, but oot : r way oE ltmta~toa.'that be and tha a:toc~Iada~ wiU ob~en?d all af tbb' provisions of ~declantton of condom tuRi"ielating~ to insurance ° covenge. - _ . . , . . 21. ~-:Mortgagbr fwther coveaaa~.`siid `i~ras that'st tbe' ccq~t o~ Mort~age0 to Eu:Nsh a swidud termite b6ad insurtag igatast d~ina~e by tnfatatton on ~,e bui~t~ ~v a bareaftec located cn~tLe a~w~Ssged p!oart~!, in stuh amountt,and te~ms: uid,with ;~ch rcoinwAY 1?s approved and required by l~fo~t~a~ee;'ud.in the eveat Moctga~or does aot coanply with;this c4veaint Mortgagee thaU lu~vQ t!~! sa~e"ri~Lhts : : co obt~fn same ai tnsunnob .covenge wder covenmt s3 he~eof. ' . , ~tik, .M m.. _ : ~ . „ ° a,. . 4~.; - Tbat in the eveat tlut t~`mort~age~ b~ive+i to~aecurs l~`oook~ctiai loaa; failuro'on the~part of the 1?toct$~ ~b~ bi the ~~lottg~goi'i co~tnctor~~architcct, eaYineeis., a~b-oontracton to cotnply`with the termli oE tAe Cosuwctioa Loan:Ag t o~ e~en date hercwith, . which ts by refennoe.tucorporated heretn~ sball, at th~"option af the Monga~ee~ constitute a'default heoeu end~"re~ ~ - _ ~ : . ~ ~ : 23. If the a~oit8a~ed premt~es ts~ othei thart a oab to four~ fimlly dwelling~ tbe Moctg~~or ~covepanb and "agc ' that he„will. no4' tater ' than thi (30) days"aher tl~e end 'of the fiscal ~ar, himtsh unto the ~re~lecting the Mort~a~oi: liabiUtia ~ vrep u profit aad Io`A~oct:Non ~ co~pkte and ~ccarate baluece~eet and piofit an~"los`s statemeat s~ Eor t}re Wcal year."aad sucb balance :he~t aqd protit:and loss'`statr . ment shall be prcpared by a certified public eccounant licetned in tbe State ~ Fbrida, and s6all be certified i's bting correct by'su~h"ee~ti- : ficvl ubUc ~trountant _ . be me d~ . a `h°: k'o`~r ac " ~ ' s;; . = . . Y.,.,~ . . - . , ~ ' : „ yheni~'`referred `to be not pranptly a~d fully pai~ wtthl~ thirty~(30)'da'y"`''~'' neict ahe;~ the sant~ ~~etaUy h and every the"sti ulatlo~~ a ga8e, a eit6er.°an ~aot ~uly°peiformed,''~omplied ^with kand'abW ~nxat~.~caxittioos, and covenants of said p[onQiss4tY note _aad t~is uibrt- . _ ed bY~ the ~~g ate sum mentioaid in saW pmmissory~`notb ,;haU becanc due u~d p~yabk forthwith or lbereJter at the option oE t6e Mortsa~e. u fully~aad canpletely ~ if satd igRregate su~ri of'money wu origi~ ~ . nally stipulated to be paid on ~ch-day. "everythtng ~in utd proasi~sory` note or hetein to the ~contrary nocwithstandinQ. _ . . . _ ; . . : - 23. In ~the event t}ut the MoR agor'; makes payment by chxk ~or checks~ that the ~ Mo~tgagor`" hai f.iiled to ~ p,~operly 'endotse;' tfie , ~ioNqalcor do~s hereby ~appotnt the Mongagee as ib attomey-fn•fac! tq, i~ippl~ on beh~lf of ~he Mortga~tor any'odd ~U endonements ~ec~e~ - to ne otiate sald i~eck chccks and t!~ Mortga or. g~ee~~ g or g,~ to. hoW tLe_~tortgagee harmless Eran any Uab~lit,v,.what~ever Eq~~-su~ply~;ng~#~d ~ enclorsement, In the'event the Mort~agor shall dth'a' check for the Mortttago~ and ;tame ~h~ll b~3 retumed for insuffiNea,~ funds or any otbe~ rcason w t6it the Mortga~ee ~ nnable to ootkct its mp~eY: thso tbe Moirtgagor hercby;authorizei" the:.~io~taagee tb`add.t~tfd ~i[" to" the prinNpal balan~ of tWs awttgagb ~ad =aW sum thaU be'~se~urod by t~id prom[ssOry ao~ •Ad mcirtpge ~s thouRh it wf'~~'a~1°~dditioni) ad~•ance , smder the temu sad ooDditlon~'of tht~ moi~taage. , . 28. : Spec~il'~tovL'siotiss ~ _ r ; ` _ ' , - . . . ' . " . . , . . . ~ . _ . ~ F~ ~ . . ~ . ~ . . ~ ~ . IY W~TNESS` WHBNE~SF~tbe ~aW~+Moit~a~oi hu amcaesd tbii'mat~a~e uodet ~eil oo'the da~`aod/yeu 6~rein Hnt'l~ov~ written. . , ~ - : ~ _ . . - _ S,Fned. ~eakd aod deitvee~ed in tl~i;pre~eareb cE: . . ~ . , x , o ~ . ~ , . . . . jLL . : ~T _ , . , _ ~ ; . ~f . ~ f r ~ . ` - ~ - E I ~ > , ~ , - S AL , ~ , . . - . ~ , . . , . . ~.K . . ~ < i . . - ~ r p~ ~ . i:~' ~ . ~ _ . ~ . ~ . - ~ - ~ . . . . . ' . . ,..M1 . . . . . . . . . . . . . . , . . _ . F . ~ ; ~ , ~(S~A~:) ~ _ , , . , _ , , . . ; , _ ; . 8~0~1~ _ , . - _ _ `gg ;~~;~~1 ~'p2~~9 : . - . ~ `=~fiA 6~ , ~~+s~ . . . : . . _ y~ se.c~ ~ - , ~OUGI ~ ° I,ER ' - , , z g _i I , c°'u,~ C',(!1 eN~~ ; _ ~ ~ 11ie kcs . ~ ..as ` b~ta. m~ tm. ~ ~i,~•~ ~'~Y? ; _ ~ . ~ " . . Y r 1~ by ~U~p~ A ~ S~1I~ ~ .r~~'~"ili ~ ' ~ . : : - : - . _ _ - - : . " . . ; , . . - ~ . . . - ~ r - - ~ . - . . _ . - 6' . ~ . # ~ - . . _ . . a M .g~ ~ • ~ . -.x ~ .n f „y ~ "3" ~ s . . . i~~`_ ty . . ' , , ~ :~w . " _ ' . " . ~ ~ :r , , r.«. . . . . , x . . . . . - , . , : ; ,s-. : i . a~e~~f~11~1.- da~~t""i~ge . . < - . , ~ , y . s, c \dary Seal) ° ` ' ~ - f ' - i ~ State ot ~ - . . _ : ~ . , . - ' ` Tl~e ta+e~potn~ imwn~eiat wa! aclmo.dedpd brfas a~ t6N d~ ef , i~ , ~ M' _ aod _ , ~ : y : on beh~lt cl' t~ aoepoeattoo. . 1Ny ` C.oosa~t~ioo .sptre,: _ , _ ~ R..: ; ~ ~ . - : eoo~-5$6 ~~~E : ~ , : . ; . N P~blb . _ . . ( Notary Setl) ~ , - ,