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HomeMy WebLinkAbout0928 ir„:~,«,* <~Ul~~~ , . 5-87,or~:~-ft ~ ti1()K1(;.\(;t~ nu~k tht ~1n~ txl.~w xt funh hrtwcYn ttx Mc~rt~ur txl~~w namral arxl thx M~~rtgngrr. Mf.7RC)F'Ol.I7AN M()R~i(iA(;1. .t t lun.i~ .urFv~raUun WHt~FtF.:~S, the tilurtgagur u ~n~rbtr~l tu thr Murtgagre a~ rvidrnrrd hy a certain murtgage nc~te (Notr) ~,•~rn Jatr Irum thr M.,rtgagur tu 41u~i~agcC a.+~lru:nbrJ brluv?. ~u x~iure tu thr Murtgagrr thr prrf~xmnnce by thr Murtgagur uf all h~s agrrrmcn~ti as sct furth in thu Murtgagr and the tiutt, rr~+~mrnt the ~rKlrbtr~lnrt. r~~~kn~tiY1 b~ the ti~Kr, intcrr+t thrrre;n. ~ums ad~an.~f by the Murtgagee in acxcxdan~r w~th the pru~u~~~+ tha ~1~,rtgagr a~ pnK~ti~t thr I~rn an~l sa;unty thrrr~~f, and intrreat thrr~xi, the Mort~ur ekx~ hrrrby m~utgag~, grant aruf c:exi~•ry ~ thr `lurtgagcti the real pr~~perty dr+~~ba1 hrluw, tugether with {a) al) rasrmenls, nghLs, tenements, hereclitamen~s, rent~, ~ouw and ;:~~fit. :~ppurrntan~ tfierrtu; Ib) ail buiWings, strurturrs and impru~ement+ nuw ur herexfter tcx:ated therr~~n, ic) aU cumExmentc thertuf r„ iu.fing pipc~, pIumMng f~~wre, and cyuipm~nt, electncal cunduit and winng and 6xtures, hrating and uwling and a~r ennd~tioning •.;~i~rmrnt an~ fizturrs, ,pnnkling and ~rrigatiun eyuipmrnt and fixtures, mechani~al ryuipment, pumps, fences and awnings; (d) range, .rn, rrGigrratur, ~le.+hwa~her, wbtihing marh?nr, ~lrytr, appl~an~;ts, flixlr co~enn~ and car~ung srtuate thtrc.m c?r therein; and (e) all ::•E,I;iirmrnLc and aSdiGun~ ti~ ~he proptrt~~ dexribecl ~n Ib), Ic) and (d) atx~ve: pro~~idecl, howe~•er, that no serunty intrrest ~5 impcned ,,.~n aftrr a~yuurcl axnumrr g~xxi~ a~ eiefined by the I•lurida Unikxm Commrmai C~xie. To havr ancl tc+ Ix~le1 the same untc~ the Murtgager, ,~uu~v~n arxi s~gm ~n frr simpie. All c~f the f~x~Kng are hcrr~n c~tlav~rly rdrrreci tn as the "f'trc~crt~~". ihr !~1~~rtgagi~r ~Ym~enanu that hr IBwfully sevn! u( the cstate herehy u~mrye~cf atx~ he has the nght tu mortgage, grant arxl a~n~e} ~r.r Pr~~rrrt~, ~hat thr Pm~xrt}• is unen~umtxred cacept as may tx hrl~~v? nutrd, and that the !~tortgagor w~lll v~arrant and defrnd thr t_~ ~hr PmpCrt~ aga?nst all claim. and deman~fs. ` ,~i:~i thr ~1~~rtgagur ro~rnants and agrc~s as (c~lluwti ! l~~ prnmptl~ F?ay whrn ~1ur thr pnnr~~wl c~l anJ intrrc~t ~in thr inSrbtrJnc~+ r~i~lcnrr~l h~ thr tic,tr nn~ {~+epaymrnt and latr l~LC~ s. ~r~i~iJrci Ihrrr~n ' f~~ P:t~ al{ taxr,, a+.c~~mrnt~, rhargt~, fincy an~l ~~thrr imp~n~tium uf gu.crnmrnta! auth~~nt} age~n,t the Pruprrtr with~n tiixt~ ~;~~ie~. uf Hhrn Jur ~~r ,irt~ 1(~)? ~1ar. priur tu thr ~mr brc~~m~ng dclinyuent, v~h~rhr~er ma~ fint ~xcur ~ If u i~ nuteJ tx1uN~ th:~t th?~ a xtiund ur uther ,utx~rd~natr rankcYl mc~rtgagr, thrn tu prc~mptlp pay W hen dur pnncipal and ;r.t „w~ng un:lrr m~,rtgagr(.l uf htghet prwniy 1"Pnitt Murlgagrl5)'~l. tu prumplly ~'.3y tu lhe hulJrr(SI uf Pniir ~luttgagrl5) Sums due ' .~~«~unt uf ta~c~ anJ ~n~urancr prrmiums 31 mav tx pr<ni~led for undrr thr prc~~u~un~ c~f thc Pnctir 4lurtgdgcytil, and lu uthcrwue fu~ly. ~n~ tl~ sn~i .~~mptreel~ I.err and prrfurm all uf the prumi~ and cu~enant~ uf [h~ Murtgagor un~rr Pnur Mongagrl~? and the prumn- . n~~tri~i xtiure~l th;~rrh~; all ut thr f~~rcguing w~thuut regard tu anv Kai~en, rxtrmums ur inJulgen~rs granted h~ thr huWrrts) ~~f Pnur ~~lK:t~Cltil UiIICti\ Nith [hr pnur iunxnt uf thr ~lurtgagre - •3 T~s l.rr~~ in f~~rir murtgage guaranl~ imuranie Hnttrn h~ a cumpan} ~~r c~~mpamc~ appn+~e~1 hy the tilurtgagee, v?h~<:h appru. a! ~:~~t tx• unresx~nehl~ w~thhcW. :~,th regarJ tv th~. mungsge and thr 1~~tc inwring against thr nske drticnbcd in t- S 6i5 Oi Ila1 and ' ~,~in~tl~ thr m~Nithl~ prrmiuim thrrrfur wh~~h ~ill r~~mr dur ~imultancy~u~ly with thr ~iur ~latc~ ~+t imtallmrn~~ un~icr the'vutr ~ \~~t t~~ :~ppl~ tu. rtyu~~t rc.rnc ur aciept fr~~m anr h:~lder an~ Pn~~r `lungagr an} m~mry, funci~ ~~r thing~ ~aluc ~hi.h ~ ..;;.i. m,~ht ur c~~ulJ hr i~~n,i~irrctif a, an e~l~ance tictiurcY! hy the lirn uf wch Pnur ~1e~rtgngr ~ \u~ n: ~u~:~mit ~a.cr ~~r ~ermit ur tiuffcr thr impairmrnt cir detenurauun uf thr Pru~rn~: nut t:~ rre~t ur ~rrmit tu he rre~teJ j . nrw huil~l~n~. un the Pr~~Prrt} ~~r ~n~ titrurwral allrret~«n~ tu r~ut~ng bwl~f~ngs r~ithuut thr :titurtgagre'. pnur v~ntten curoent, t~e ~ ~:,~h auh all tiutxln~~iun rc~tnctwm and run~ng anJ uther rc~ulatur} lawti and urdinancc~ afiecung the Pn~Fxrt~ If thr Pn~perty u ~n:l~~nun~um umt, thc ~turtga~t~~r ~hall prumptf~ an~l cumplctcl} prrfurm all c+f h~5 uM~gaUun~ under the dr~~aratrm c~f ~undc~m~n~um ~ ~ thr ~~~nJ~~minium atv;utu,n'ti nrt~~lc~. ~~f ukurpxau~~n, h~-law~ arxf rulc.~ arxi r~~ulaU~xn an~ cxher ~~inuituent ue~rxk~min~um ekxz?menii ~ ~.i~ng hut n~~t I~m~trJ t~} thr pa~mrnt :~f all rrgular anJ ~pt~ial a~x-s~men~s, ihc licm fix wh~ch against the Proprrt} m~ght ur couW ~.r ~n~~r~t~ ~~~rr !he lien ~~f thiti murtgagr If thr Prupert~ ~s part a plannrd un~t dr~clupmrn[, the Murtgagur ~hall prumpil}~ cumpl} ~ .~tt: e!! ~r~~~~,ium thr ~1r~larauun uf a~~enant. anJ rcytnrt~nm c.tabh~hing thr +ame and shall prumpti} fulfill all his ~~hl~gauons u~dtr £ ,~~mtitur~t ~1~K•umcna uf lhr rlannrd un~t i~r~rlc~pmcnt in~lu~7~ng thr humruKnrn a+~xiaticm', ~~r i~~ eyw~alcnt'ti articlc~ and h~- ~ an~f ~hal; pri~mptl~ pay all ~t~smenb or ~harg~s e~er} nature ln~~ mettrr h~+w J~ignetr~f? thr I~en (~ir whi~h agairot the Pre,~ert} ~ ~.~iit ~:r ~uuld he~e pnunty u~er the I~rn u( thu murtgagc ~ ' 1~~ I.rrp all the Pruprrty intiurrd ati may hr reyw:c~1 frc~m time t~~ time h}• thr V1~~rtgagrr sga~mt I~ns h~ fire, ~~n~itit~~rm. hararsis, ~ ~.;.,it~r~ an.1 ~~mtingrnr~c~ fc~r tiurh pcri~~s and tur n~st let. than ,urh amuunts a+ ma~ F+r reaumat~ly reywre~ h~ the ti1:~rtgagre and ~ ;R~ti 4~r~~m~tl~ whrn .1ur a!t ~rrmfumti f~x sui:h ~n,ursrkr The M~xtitng~x agrc~ te~ ~iel~~rr rc~xwal cx replairment ~~Ik~ ~x txrufxatcs ~ ~rf,:r t~~ thr ~turtga~ter at ita,t fi(tern I ISI day~ pr~ur u~ thc rxp~rat~un or anni~er~ary datr ut thc exisung pc>l~c~rs The amuunt; ~if ~ ,ren~r rr_yu~rcJ h~ thr \1~~rtgagre 5hall tx m~nimum ami~unLs fur uh~ch tia~~1 in,urance +hal1 br wntien and it ~hall he incumtxnt up~~n ~~~~«K~+K"r tu maint~~n ~uih adJiunnal ~nwrance ati may tx nereisar~ tu meet and c~~mplr fully w~th ail cuanwrance reyu~rement; € ~.~inc~f ~n ,:i~J Ex~l~~~~ t~~ thr rnd that the `t«rtg:~~~r ~s n~,t a a.~ncurer thercurxfrr (nwrarxr may he wntten h~ a~~>mpany or a>mpan~~ ~ :~~~cyi h~ thr ~1~tirtga~trr iwh~~h appnnal ~hall rkK hr unrcdu~naM~ v~nhhe{dl ar?~! all ~x~l~~~ arxS rrnewah stull hr heid b} the tilcxtgage~r e ~r.• in thr ~.~+x~s~un uf a hul~7rr uf a Pne~r ~tcxtgag~ AI! detadcd designaUum hy thr ~1e~rtgagur Hh~ch are aucpted b} the Mortgagee i sll sKrrrmrnt~ hctv.rcn the ~lurtgagc~r and `lurtgagee relat~ng tu in,uran~e, nuw rt~sl~ng ~~r hereafter :nadc, ~hall he in v~nung ar.d ~ hr e pe~t ~,t thn murtgagr ngrcrmrnt ati ful!y a.~ the~ugn set (urth ~erhahm hrrc~n and shall gu~em tx~th part~es hereto No lien ~ ;-~n en~ ~x~lic} ~~f inwranrr ur u~,~n any ~ctun~ ur return premium wh~ch may hr payabie on the c:an~ellation ~~r tcrm~nau«n thcrcof ~ ~.tll tx• gi~rn t.~ ~~thcr than thr `lurtgagee u~ept a huWer ~~f a Pr~e~r Murtgage ur hY pru~rr cndorxment a(Tir.c~ tu such poLcy and f ;~,r:~.c~7 h~ thr ~1t~rtga~tcr Fa~h pe~lK} +d imuran~r ~hall ha~c affizai therctc~ a StanSarJ 'vcv? Yink !~lixtgagoe C'la~sr Vt'nh~wt C~mtrit+uuun ~ ,I.~n sll 1~~~~ ~~r I~rLxti ~n~1rr ~uch ,lii rahie t~* the `iurt a ee a~ ~ts intrrr~t ma} a ar. In the event any wm c~r sums of muney p ~ Y~. BB PF'r ~ ,~mr ~~ahlr thcrcunJrr thr tilurigagrc ~hall ha~c ttx upt~un te~ nYe~~e and a~pl~ the +amc on accvunt the indebtecin~s sec:urcd --•h~ ur !u Exrmit the ~t~~rtgs~t~~r tu rc~e~~e and ux it c~r any part thrreei( withc~ut Ka~~~ng or ~mpa~nng any eyu~ty. I~en. c~r nght un~er : h~ ~~rtue thi~ rrx~rtgagr In the cvent ~t( I~w~ ~~r ~hy~~t.al ciamage t:, tht Pn~perty the ~lortgagur ~hal) gi~r immcdiate nutue thcre~~f = :iia~i t~~ thr ~Surtgey.cr ~~cf thr ~1c~rtgagcr mar maKe pnx~f ~>f I~x~ if the +amc n ni~t prum~.tly made by the `1c~rtgag~~r In the e~ent ~rr~;~nurc ~~t ~h~~ m~~rtgagc ~~r t~thcr transfrr 1~( utlr tu thc Pruprrtr all n~ht, utlc and intrrc~t ~if ~hc ~1~~rtgagcrr ~n and tn thc ~nsuran~e 'i~~r~ ~helf ~a~~ t~~ tht pur~haur ur grantct. x If thr ~1:~rtgaguf f~il~ tu ~rrfurm his anenancti ane~ agreemcn~t cc~nta~nr~ i~ thu ms~rtgage, ur ~f !he ~i~~rtgagur fa~l; to Fxrfurm .:Jut~ ~~hiiKau+~r ar~~i~ig ~nJer a Pn~~r tit«rtgagr I~nclud~ng thr parment ~~f pnncipa! an:1'cir interest deFxr~« <m acci~unt of taxe, ~n~ursn~r rrrm~~m. ~r,~1 latr rha~ges r:en thuugh thc h~~lder uf thr Pn~~r 41<~rtgage has made no demend thereunder and has nut !.~eetrnr~ sn•, a~;um ~n ~emnr~Uun with the ~ame). ur ~f an} acU~m ~~r ~r~x:a-cciing n commencctil v~hich matenall} affctit~ the Murtgagee'ti ~ r«t. ~n thr F'r~~pertr. ,rxlu~iin~s hut n,~ limrtccl tu eminrnt ele+nuin ~~r ~ix1e rr.furcrmrnt cir arrangnnent, imc~l~ing a hankru~x ur dei~dent. •+t !hrrr i. an apparent ahan.funmrm uf the Pn~pcrt}, thrn thc ~1urt{tagce a~ i~s upti~~n ma~ pa} ui the hc~ldcr u( a Pnur `lortgagc ~ ,~r ~~art~ ~~f thr ~unis r~c~r*wr} t~~ hrsng the Pru~r !~1urt~tagr rurrent, may makc appearanceti. ma} enter uFxm and serure thr Pr~perty. ~ Ji+h~.,r.r .u~h uther tiurm ~m~luJing but nut lim~te~i te~ the pa}mrm ~d in~urance prrmiums and taxes?, and mav take tuch ~ther ~ u~m e~ thr ~1~~rtgagrr rcaxmahiv ~lcrms nc~c~wr} ur a~l~~rahle tu ~r~~tect h~ti ~ntctetits in the Pru~rty. all wi~h:~ut regsrd u~ the ~aluc t:hr Pn~pert} :1n~ am:wnes J~~hurud by the '~1c,rtgaget pur~uant l~~ the pre~~ua~ns lh?s ~Saragr2ph, tc~griher with ~r.ter~t thereun thr ra.r ~~f IK(~ ~xr ~rrt per annum tihall txYC~mr addit~unal in:ietxednct< <+t the M~~rtgegur Sh'Jfti~ h\' [hIL mi~rtgage Unles~ thc `•+.~~r,~eg~~r ens `1~~rtgegrr egrcr ~n wnUng t~~ u~me c~ther terms cit paymtnt, such amc~unts shall tx payabie imme,~istrlv tic,thi~ig in th~e ;:.i~cre~h .hell rcyuuc thr ~i:~riKa~tcC iu ~ncur anp cxpemc, rr~ke any d~tburxment ur talce an~ arucm whale~er \II ~r~tcYtil, <<f env award ~+r .iaim f~N Jamag c.~ d~rct,Z c~r uxiut~uent~al in urnncx.ti~~n u~th ary a~lcmnati<m ~~r an~ iKhrr taking . rniinrr.! ~it~mein ~A the Pr~~~xn~ ;x snv part thcrcti~f, eir (~K ~txivtYerxx in I:eu u~rxlcmn~t~~m tu em?nent cl~rma~n arr hrrch~ at,~~ ~ ` .i ,i~eii tx ~~a~J ti~ the ~l~,rt~c:+gce t'nl~. thc ~1~Htgag~x and M~>rtga~rr c~therwtsc agret in v~nang (a) all pr~x~xcit re~rnixl h. .t?e `1~irtg~et ~:,i; t.~• licJ t~~ the ~um~ ~.r~_urcd h•, tn~~ m~~:t a~ w~thcrut im Kitiun i~f tn ~ re ment ~har e, artd Ih? the a li~atu~n ~~f nkrc.i~ 8 8 i'~ ~ P PaY ~ PP R ~,ell r~~~ cttrn~ ur ~ntsx~ne the efur date uf ~n.ullmen« u( rnnnpsl and mteresi ur change the amountt therevf ~n: (~~rt+carancr h~ thc ~lurtgagre ~n etrrasing anv r~ght ~ir remaly herrun~ier ur uiherw~x affc>rda7 bv applicabie law tihall ~t tt• ~~~a~.rr ~r( ~~r ~rr.iu~lr thc rxcrci~c ~uch nght cir rcmc,fy Ttic pr~xuremcnt ~~C in.wrarxr c~r the pa~ment vf taK~ or c~tbcr • n. ~~r ~h.,r~cw .~r the Ca~ment ~~f sume under a F'nur ~v1~~rtxagr by the M~~ngagtt thall niH tx a ua~ver c>f the Ml)fl~j3~K's nght t~~ .,~~;rr.str thc rnatuntr the ~n:ichtr~n+-~~ tiewrru h~ thi~ m~~rtgagc AI1 remedi~ pn~~iJ:d ~n th~s m«rtgage are ~1~ceinrt and cumulati~e ,~ii~ •~th,•r r~K?~1 ~~r rz7~~cti1~ urxSer thi~ m~~rtg:yte ~~r ~fT;~r~ h~ lar~? ~x cywty atx~ may tx exeruxtl u.rkurrrnU}. ir~cirperx1rn11y ~~r ~txY~.~~el~ r E Cl r c~,.,~arr.i'~•, ti~3nk~ H ~~~sc~cr. \tc~~rrx:. 37f10 H:xaync F3~,uk~ard. 1lum~. Fi~~x~y 1~1i7 V~~ ~ ~ ~ • ' ! ''i ~ ..,f... -..xK :-~z~ `~-f ~ as