HomeMy WebLinkAbout0979 7. P~ymenl of Expenses. Monocp~. enu wr ar nr coan. cn.r~s .ra ew•~ass. r.uuar+~ rs~scx,~» .n«rwr'~ t«s, <ssar..m..K• .~w :wi o~ .c,.a.~u
of We. hcutW Or W~d ~1 uty Um~ Dy Mortyaq~.~ dw to ~M ta~hx~ on !tu P~ d tM MatQaOw pomptlp ~n0 AIY to w~o~m. co~,py ..~v, .no .o~o. oy ..cn .~w .re.y
et:; ./~tioR a{~r~~ma~ ta-~CltlOn ~nC tovt+Mnl OI VN N~l~ YW Wf Mortp~pe. Suc~ co*t~, ctrrp~s and e~trNM, s?~ D~ immw~auy aw r+a ar~~. ~ a^a
!nc~t b~ ~cGC~, demarb. ~tt~mpl to cv~ct ~ wrt pendn,~ TM fv amaxrt ol Mc1+ mx7 svay Wch p~ymaA sfW bMr 1nta~fl kom tR~ dat~ tlwwl untY p~id at tlw
DefwR R~t~. as MrWwRM O~M~d. l1r wcl+ coats, cAUp~s aM eapsbe~ ao ncu~ed a W~d w~A such 1ntN~s1. srtiil b~ s~cvW by tlr Nn d Ws Monp~flt
and ~rry ottxr r+auum~nt a~cu~nq tM Nott.
9. Ahe~ AcQu'rsd Property. Ti,. rm of we MYtq.9. wa .~nom.ac.y •m.:n. ~w~ut ~rvm •ct ~o ar .n« •cQuvw acv~b ot wr»t.ra Wna
;~:atetl n a oR d att~cMO to, w us~d a ~Menaed to D~ usW n canecnai v~tA a n tM opa.aua+ ot V~t MonqaqW Roputy. i
9. Addi:bM) DOCUrt1Mts. At NI amss nrs Matq~qe K In ~Mcct. u~pon Mortq~Qes's rpwst Matp~qa ~ max~. sacute ~r+a ae~v+r a uuse to W
ma0e. ~lecuted arW ONverW to Mortp~qse and. wR~M~ ~pprop~eti. strl cause to W~~cadeC a Red ~n0 tliereaft« to W ~rncor0ed a rNYeG ~t wch Om~ ind n x.cn
Wac~s as sf~ D~ dsemaC dew~bN Oy Mortpepea w+p uW al1 suc~ twtAer mwlp~qte. hsVwnak~ d Gxtf~r aawranc~. csrtMlcetes, and otMr docwn~r,ts as Mortq~pe~
mer cor~d~r rxc~~s~ry or d~si?aDN 1n ada to a~actu~t~. compl~N. ~n1erQ~. pvNt~ p to conttiw ~rd ptwv~ 1?r obWrtbr~ d Mortpeqor uiW« tM Nob ~nd tMs
Mortqaq~ ~rW NI otfwr 1nsUum~nts a~cufnq tM Hot~. ~nd tlw Nn d tlif MoAype. Upon wp trlv~ Dy MoRq~qw t0 do w. Matp~q~ rn~y m~k~. ~ucu1~. r~caQ 1W.
rc+~ca0 d teN~ ~ny ~rW v wcA mdtp~Q~s. haVumails. cart~llcatr~ ~n~1 documenb for ~nd ri fM ~amt of Mortp~qa. Mortq~qa I+aeby W~voc~Wp ~ppomts Monqaqae
almt an0 ~ttarxy-M~fatt ot Mortp~or to do V M~k+ps nausa~ry to tfhctwt~ p asxr~ comprarx~ wqf+ v+ts p+r+praph
10. Event~ ol DefauM. ivy w n» tao~w+o s++d c«~.c~~• rn .w.x a wta~:
H Mortpaqa talM to WY ~n~r ~mourK v~dar tfw Nob ~nd/w C+1s Mortq~Qe v.hsn K b dus. '
i
(D) H Mortp~~a 1+~s rtwdt ~n uMrw. misls~drq a rxomyN~ ataUmaR in tM crsat appK~fwrt tM ?iot• a any ~nfamabon pov~aed n cc~necUa+ wrt/, the t
Note ~nd/o~ ws Mortrpe a ovw lnsbuments secump aw Note. ~
(c) H A1ort9aqa 1s n ata~It on any WMr ~ou. t~cvRy ~qrNma~l mortq~pa a otnar ob~rion to Matqaqe~.
H~IoRq~qa Ses a D~~amts nvolved In an ir+soWM+cy. mcompsi~ncy a DWvuptcY D~«e~~4 i
It tM Lrf~t YrtNt Of tM NOIt K~nCelMa 4
1t u+y tveM ocurs wt~ic~ totutKUtes ~ brcatt~ 01 ~rry povtsla~ W v+e Na~ ~r?q(a wa Mortq~qe a eir~r otha +natrwn~nt a~cump v+e Hote.
~G) n NY MbQ~mMl, ~!R atLChTfM Ot taKUt~Of1 1b MlNld w itsutd a~nst MptpsqW or Mortqsqa's O~oOMtY~
(n) tt Mortq~por taila to a:~cute ~nd tleYver to MortpeQe~ ~ny Oow+r+e*rts Martp~qsa may reaa~bry repure to pertect rsco+a. Iie a praect ~ securRy
r+lerests a mptpeqts Matqrpa mey pant Mortqepe~ to xwe payment d the Note.
t1 the~e ~s ~ Aefautl decWW rn tns terms of any mtXtpr9e xc~ed oy tAe Mat,~qed Roperty secuhq tne Note.
M Me MoRqaped P~aperty s~ecertr+q the Note b sold ot b~nataretl.
(k) H Vxre b~ mataW ~dve~se ch~tqe in Mortpapo~'s M~ncW con0tion wtrc~ impsrs Mortp~qa's aD~ity to repay t~e attaWxYq LWnce owed v~0er Ux
Nott.
11. ACCEIe(i110f1. M en tvent of OefaJt sttil tr~rs occvrc0. Martpepea mar aec~ue a~e ouesunavq o.r+up.i .n+«ia ot v+e ~tae ~,o ene rxereac ~ccr„ea
e~e~eo~, ana Y otMr tum~ settxeC hae0r, to Oe dx ~ payaDk immcaatcy. upon wcn oecw~ax, wcn prv,c+ps~ arw r+txest ~no wna wms stwi ~mmsdatey e~
:x.~e en0 DaY~bk wfttrout dem~rxf W nohc~.
t2. Remedies ~Rer OefauM. uvo.+ an or oew,rt. Monwa~ ~r v~oceea ~y we or wts at Yw or In ~q~Ity a Dy ~ny oU+e~ ~OWaW~~ Wa~~~'9
er rcmedJr lo: aMOrce p~Ymsnt of tM Note a V+e peAorrtwics of enp tam ne+eot a any onw .qnt: (D) fa~c~ose vrs Mortpap~ and to sM, as ~n ennrety a h seos-
reu bts a p~rcets. V+e Mortq~ped A'oOK1Y i++da V+e R+oWment a Oeuee of a cart or caats o! cortpeteni kstsdcUar, ic) tobct Y rents. b~+ws. pollts. ~evawe.
ncoma ub ott+a banellts hom tM Mortqeqed P?op~rtY: tQ~pppht ~ receNa to ereter upo~ ~n0 Lke Dossass~on of t!r Mwtpaqs0 Roperty ~n0 to cWsct Y renb. bwes.
o+o~!!s. reverxie. lncom~. and off~ benelks Vureof ~n0 ~p01y U~e seme u ~ tourt mty arttt an0 6uGh recdve~ ~t~ trve ~1 rlqMf ~nC powt~s permRt~d u~Ot~ law, ~n0
e) pvs:~e ~nr oVw remMp ~v~sDle to 11 r+ciudrq. Dut not ~mrted to tskr+q possKSan d tM MoAp~psO Roperty v~o~R rwt~c~ a he~ttrq to Matq~qa. Ma't~qee
svi Ll~e actan eetl~ar Dy auch poceeWqs w oy a,. e,~aus. or an cowu wm+ reso~et co .nay a u~k+q aoases~ a. ~oa~ as taortq~ps• ~y aN«mne-
13. No WiiVel. No oa+~y a omna+a+ W Monq~qee a ot eny rw~dr of t~t Nae to aerdsa ~ny ri~R, pow~r or rtme~r ~;,crunq upon ~np tvent d dNwt
~ra:~ c¦naust a lmpair ~ny sucf+ r~~R, power a re~++eoy a~nsf Oe construed to w~fve ~rty everK W defaJt a to consnWts ~cpilesenc~ theren
14. Non-Exdusive Reme6es. Ho ~x. oo.~e+. a~e~,~ay conterrN upon a reserre~d to Mortp~qe~ ny ene Nate, v.s Mona.Q. a ar~y ov,e. ~sv,x~+N+c
sec?v~q tM Note b~dustve ot anp oMer nqM, powa o~ remedy. Dut escn ~rW tvery sucn riqnt. power ~nd remeCy st~Y De tumultUve an0 to~cvrant ~nC shal be n
~atan c~ eny ouxr rq~x, powe* ~+w r•meey pre., t+erev+0a a urwv V+e Hote or .ny ov,er rxsvuma+~ secvr+q ene nae. now a nneanar wstinq n kw. ti ev~r ~
,r or stsMe.
15. Suecessora and Assiqns Bound. wr+.~+ew «x Of th! pv!JQE 1~l~tt0 ~S Mmtd O~ fttN~lC t0 neren, v+e rxvs, uw:cessors ~na ~asqns w wcn i
;.erty snsM be v+cM~a an0 ai co,+e~ants ~nd ~qesmenta caMarad n Ws Matpsqe, br or on Dewf o~ Mortqspa or Mortqapst, a1+Y WrW arKf +rxr~ to tne Denelhe ot
•~rs respect;re nars, x,ccsa~s ano assqrn, vM~et?w a na sa e,~reexd.
18. Mi5Ce0aneoui. ~n ene erent tttit ~ ot tne covewxs. ~~reemerts, term~ a pows+an coMar+ed n tt,e Note, mis Mortqpe a~rsy ov+er ~ntrwner.
.e:urv+q a+e Nae sM~ D+ ++v~W. ie9d a v~er±torce~b+e ~ any rcse~"L the HYOKy of tM renwrtinq coverynt0. Weemerrt0. tams a D~rnnsans ta~U+~eC heran en0 in ~
•~~e tvote and onp ottxr nsVUr++ent teurr+q tt~e Ncte a?W ~e r+ no way aKECisQ ytry0ce0 or OsGr~eC tfxreby.
17. AflOmey's Fees. Tt+e te+m ~~ttansy s rees^ as usea n ara Mortpsqe nck,oes ny ana ~ ieq~+ ~ees ot w~steK. nawe rc+c~,anq. eue na r~nnea so.
'e~s ~ewKinp hom ~ny ~DP~~ of a~ rrterlocutory or6er or Msl ~Aqement o* ~try otna ~ppe~te proceearq anwiq out W any KpeDwi
t8. Future Advanee3. n,~s ~on~eQe eo ~we ~oc «ry c~smq noeec~a+ess. w,~ .ho s~+ +~u• ww+c.s. ~xv~ wcn aow+c~s oer~-
n!~:.y w i!e to be msOa rt tl+t opOOn of Mortq~pee. a ottiawtse, aa ~re madt wRtrn twiMy rears hom tM Oate nertof. to C~! sam~ ldtM as M s:xh luMe ~dw~ces
xc~.e made on tne C~te o1 executr.x~ ot tM Mwtqaqe. The toLi amant o1 YWtptedntsa tMt mar De so secvea m~r O~c~e~se a riaease lrom nm~ to bme, Dut me
t;!e~ unaq paler+ct so uweC at a+e C+'+x snM r.ot excceG Me tace amant d Me Nott, pkn Me~csi V+ereorL an0 ~ny 6sD~~sanerKS r+,ade r« a+~ armu+e a
~ee. k~Aes a+nsuarne on V+e MortQ~qetl P+operTy. .Nm ~rrterest o~ v,cn dsAuumerRa at tlx Deb~t Rste. aa ?wedta dellned.
19. Ob&qation ot Mortqaqo~. Mon~.qo. enu oer n+e ~ost a~ae.,.,q o~ sansr~ ws µon9eQ. o~ ..cooa
20. No Tnnster. n K v~ovscooa .rw ,y~e+o or µo.co.~o. tntt N WM of V+~ rWucement to t~tortp~pee to make Vr 1o~r: ev~0enceC Oy t~e Note. Mat-
! ye~ti rxs tarwde~eG uw rNW on ex ueOn wo~tnritsa arW reiapiR~ of Matqaqos. Mwtq~por cov~+~ents u+0 aQees not to sd. torn~ey. tr~rute?. 1~as~ d Aittwr en
~ :,mDa ~r+~r rRaest n or ~ny D~rt ol Me MortqeqeG Aoperty wtU~out tne O~a conseM of tt+! tdortgeps~. ~n0 an~ wch sai~, conveymce. V~nster. Nase a encumW~nce
j ^ade w~V+a~l Mortqapee's Wa? wn!ttn conseM stit Oe wd. N uy persa+ Y+aJA oGtan an rrtaest n d a~r 0~ ol the Mwtp~qW Propertr D~+~urnt to V+t eatur
~~on a eMacemaA o~ M~r ~e*L xcwrty *+taest w ovKV nqnt. ~wncu+e? wpenor. e~ri o~ woae7wte to wa l~latqs~t o~ v+e ~en nereof. s~r~+ event s?y7 Ce Oeemed to
~ te e Vansle~ br MatqsQa arW an evRK of defaJt hereunbu.
; 21. Defaull Rate. z?+e oe*ars ABte snri oe me ?.qnest rsse perrnmea ~r scoacac+e ~w.
~ 22. Changes to Mort9age. Ar uw+q~s. anaac,x~.. oe+~et,on~ «.~~aua~s co ax wos~,n~e a.ry v+~wi•on n ws ?AonQ.p. wt+~cn n.re e~en .pr«a
Cetween MatQaQa ~r+d Mortqaqee nere bsa+ ~cWeC Or Mort,~sqa as a4ltswa! poot W Matqsqa's tonsent.
23. Use o1 Barowings. Mweo.~ ~caese~cs ..a w.r~~w~ee ~ra~ rw~e o~ v+e rv+os ~wr. o. r+e.eane. ~o.rowso u+oa ars µonq.oe irc a+. •~rer
~ ^ rnts wro_n a secwes wM b~ useo to Mrnce a refirwce me ~cc~tsroon W a~ry 1 to s tam+y OwW`nq (wuuerp • cm0omr+MKn ~svt, coopKatnr~ houa~rq wl or a
~o~ie Reme~ mort~pe0 txre~rba a?4e~ uryr ott~ syeemerR wt7~ Mortpapcs. Mortpapar r~0emrrr.es anC 1w16s M6dtp~qee ~arm~sss hom ~ny ~ntl tl loss. f~aD.kty.
:^sC O~ e~tnS1 ~ti56~19 hOm ~thr WdU O! fllt fWe90nq reQ!eSenLLO/~ ~ntl vwt~Y+ty.
E •24. AddiiiOnal Paraqraphs. Fn a+s ex~ ?Aonq.qo. n+o RAonpsqce apree w XxvK. co,ienrxa r, n~s Mo.to.0. rw~.r,Q .n .odnoryt oo~w?+ a var•-
E yaprts. sucR Dvaqr~pn a D+~+O~+W~s s?aA be a'LCMO to Crs MoRqsQe v+0a tTt neaMq ot `R6er' v~0 stW De p~rt M tris Matpsqe as N u! oul in M naerti
IN WiTNESS 1NFiEREOF. ws .+~v~~~.x nes DeM titC~tlO a+ me aate erst ato~re w~ittuuL
~ :
~ Y'e~. sea!d an0 de~+ve~eG n tre pesence o+: l ~ ~
~ ~ l ~ *Y y`'
~
~ "~"~'i1QOt} Pat~ick T. Conton
6
l ,t 4 k' ( ( J_ ' 7 . ' 7tt..t,"~~ti ~77,' ( , ~ t c`-L ~
~ ~ , ;M~~~~ Tsahaitu . Conla~
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f STAT~ OF ~IRRWA.~ ~r L' / 1I j f L `i ~ 1 ,
; 55 f ' - r , ~ ~l
GOUNTY Of ~I "a . ~ ~ o .
' 30th June 1988
*re t,..~r,r,q ns~,,R:e+~t wss ecrrmw+er~eo Ltt7s m.e v~z _^__4 :af o!
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b l _ _~;C~J~C~'~ `Y L~~_t~ ' ~ ~ [ " _ " ~J
h~.'n!r '+c. SLt~ of f:cx~ ~t Wpe
~.r~. r ~ 1 ~ , I F
::X~~~~rn ~Fcs:ta er Jul ie H. Saunciers -
First Natfonal Bank and Trust Company
r vy Co~++m~ss.o~ E,y~+ss _ - 91 - i,e~~ ~ The Traasure Coast
- . P.O. Box 9012 Stusrt, Florida 34995-9012
~ ' ,
•';tis pa~e~rpn n'.~rst oe coT.yeteo p~:a to e.ec.,trq m.~ 'fon~~ ~
Pspe ? ot 1
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~3s~, o~~~l~~:~: ,~1. 11 NO :26
G~ 594 ~ yU2b'79 ,~a
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