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_ MORT~G~ ~LTJ~I~A JIM W~LTER I-i011~ES, ING. ~
i TtilS MORTGAGF ade thi ~ . da ai . . +
19 ~!~between ....~4~~'~0~!..,f~~:~~Qd. ' .y..... . ~ ~
C . . .
~f ~ .............................County~ Flc~rida, hercinaftG~ called Martgagor and JIM WALTFR HOMI:S, INC.,
a Flarida corporatian, with ofFiccs at IS00 N~irth Dale A1abry, Tampa, Fiorida, 33607 hert~inal'ter ca!!c~ Mortgagee. ~ ~(r'
WSI'NFSSETN: '[?~at Mortgago~, in c~msi~e~alion of the muwuf covenants and cur.diticros herein rontaiced ~rxi other valuable
~ considcration Jelivered by the tiiort~;agce to the Mortgago~, the rceeipt and sufficienc~~ wh_re~f is hercb ack ow ged, dck~s hen:b~~ U~
i rant, bar ain, sc;l, assi n, trxnsfer, convc ~ and confim~ unta Mort + th~ m rt ~ situat4 in
S S S > ~~i~ 'P ~ ) ~l
I ~ Cuunty. Florida, dcscrihed as:
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TOGFTH~R 1yITH all and singular the ~v;;ys, easements, riparian and other rights, and al! tcnements. hereditantents and appurten-
' ~ ances the.eunto belonging or in anywise appertaining, and all houses, buildings, stiuctures and other impro~~ements now on said land or
. that hereafter may be erected or placed thereon, and addcd ther~to, and all fixwres auached thereto and all rents, income, issues and prof-
its accruing and ro accrue therefmm; .
- ,..t~,~',;jVE AND TC) HOLD the above described property, and said improvements unta the Morlgagee, its successon and atsigns, in
fcx ~sEn~ple ' - -
Mortgag~r h~rety co~~enants ti~ith tilortgagee that Mortgagor is lawfully seized of the fee simple ti~le ro the atx~ve descrihed propc:rt~~
; a'nei has tLll po~~er and authority to grant, bargain, sell and mortgage the same tc~ the ,Liongagee; that said property is frce: an~! ~ischar~,cd
fmm all lierss, encumbrances and claims of e~•ery k ind, including taxes and assessments except the: (ien of taxes that may not yet be due and
. payable; that Said,Ivfo"ttgagor, his heirs, legal rLpresentatives and succcssors, snali +raRant an~l dcFcnd the title to said properl~~ unro thc ~
~10; tgagee against thc lawful claims and demanci~ of all per~ons whomsoever, arid w~ll make such further assurances to perfect the f~~:
> simple title to said pnnperty in the Mortgagee as may tx, rcasonably reyuirc~l. ~
_ ~ PROVIpED Al.WAYS, and these presents are u~n these expressronditions, th~at if 4lortgagor shall pmmE;qy pay to ~9ort ~agee one
certain pniinisso note, of_ e~•en date herewith, made b~~tort a or_to 41ort ~a ee in the rinri al am~unt of S.. Q(. ~~O l. ~
ry ) 8 ~ ~ P P
~
p y~ y installments of ~ .3_~~........ ~ P > . --•---~-0. .
a~• ble ~n month! S O each, the last instailment bein ~ duc and a~abte on
. TQY~ dP_ Z, and unti I full payment thereof, or extensions or renewals the~:of, in ~ti~hole or in part, ~ind pay?nent of all other indebte~lne~s or
liability that may became due or owing hereunder and securrd hen:b~~, shall faithfully and promptfy compl~~ with a7d perform eacn and
every oiher co~~enant and pravision contained herein on the part of ?~9ortgagor tu he. canplic~i ~~•ith and performed, the.r. this Mort~age :uid
the r~tale hereby created shal! cease, determineci and become nul! and ~•oid. U~m full payrnent, as abo~•e pro~~ided, ~1ort~agee shall, at
htortgagor's request ancl~expense, executc a sat~sfaction oF'his i~lor.g~ge_
~iortgagor further covenants and a;r~c:s ~~~ith the :14ortgagee as follo~vs:
- "~'o pay the indebtedness recited in and evidenced by said note and any ertcnsions or rcneu•a!s thereol~, and all other indebtedness or li- ~
• abiEi~y herebysecured, howevercreatod ore~~idenced; topay aii laxes, assessntents, ~evi~:,, lien+ ~~~cl encumbrances of e~~ery kiqd and na-
. ture o~. said property and upon this mortgage and contract an~i the nzonies secured hen:bj~ promptl~• u~hen due and l~cfore delinquency
thereof; to pay all costs an.l expenses incurr~ei or paid b~~ the Morlgagee in cotlccting the inde5tedness hereby secured or in enforcing or
protecting the rights and security of the Mongagee i~ereunder, including actual cuurt costs :ind reasonable attomey's fees if referred to zn
attorney, who is not a salaried employee of ~4ongagee or its assigns; to keep all bui Idings and ~wctures now or hereaftererected upon the - ~
mortRaged premises permanently insured against ph~~sic:il damage vr loss fram fire, lightning and eztcnded co~•erage ta the extent of the
- lesscr of the armal rash 4~alue oi the house or the unpaid bal;~nce af t~~e cash pricc. 1lortgaror must ~naintain the r~quir~d insurance rover-
~ge from ihe date qf r~~mn~eneement of construction until ~9ortgagor'; ubligatio~~s under thc Contract executed a•ith refercnce to this
~iortgagc are fully clischarged: The reyuired Eiolicy or ~lirics shall contain a clause n:aking the pr~keeds pa~~able to ~longagee to the es-
tent o( its interest in the propert}~. ti~lortgagee retien~cs the right to refuse to accept an insurc~rc~ffered bti~ thc 1lortgagor if the ~licy is ~~:t in
the form of the amount accept~ble to the ~~tortgagee. - ~
It is Furtherco~~enantecl that the iNortgagee may at its ~ption, but in no event sha11 it be obli~atc~i t:s~oso, ad~~ancc monies that shoulc
- have been paid by Mottgagor hereunder in osder to protect_said prope.rty or the lien or se.curity hereof, and ~lortgagor agrec:s withcwt cie- .
mand to forthwith repay such monies, which aniount shall bear in[erest from the date so advanced unti~ pa:d at the rate of ten (10`'I ) per }
_ ceat per annum anci ~l!_ ~rconsidercxi as so much additional indebtedness securcd hereby; but no ~ayment b~• the ~lortgsgee otan}• s?~ch
mon~es shail be deem~d a waiVer o'f the Mortgagee's right to declarc the principal sum d~c hereuader b}• reason oF the dc~ault or viotation
~ of Mortgagor in any of~his covcnants hcreuncler_ - .
. Tne Mortgagor agrees that~any sum or sums w~hich may be loaned or ad~~anced by ti~tnrtgagee to the ~1origagor at an}• time w•ithin
tw~enty (20) years from the date of this ~iortgage, together with inten.st thereczn as set forth herein or as agreed upon the time otsucl~ lo;~n
er a:lvance, shall be eyually secu~i~1 ith and ha~~c the same priorit} as thc orig~n.~l indebte~ress he~~ur.dcr ar~d si~all be subjert :o al~ the
terms aad pro~•isions ol this mortgage; ~;rovide:i that the aggregate amount of the pnncipal outstanding at any time ~hall not exceed une -
~ hundred fifry Rercent (!50'~!.) of the prinripa! amount onginaily sc~u~ed he~eby. Nuthing contained herein shail ohligate ytoitgagee to
make any such lo~ns or advanccs. The 19nrtgagc~r tunher cc•~~enants to keep said pro~rt~~ and the buildings now located thereon or hereaf-
ter to be erected thereon in gc~od repaiTand to permit, comrnit or suFfcr no „-aste, im~imient ordet~rioration there.of, and tucompl~~ strict- ~ ~
, I~~ with all laws and ~nvemmental regula!ions and rules affecting said proEx:rty or its upzration.
It is further covenar~ted and made the essehce hereof that in case oidefault for thirty day~s in the payment of an}• surns of money to be ~
, paid hereunder by the Martgagor or in the performance of an}• of the covenants herein on the part of the il4ortgagor to be perfomied, then it
shall be optional with the Mortgagee to consider a!! unmatared indebtedness or liabilit~~ secured 'nereby, inrluding anp additia~al sunis
hereunder advar,ced and secured hereby and any interest due thzreon, as immediateiy due and payable, without Jemand and a~ithout Ro-
. tice or declaration of saici option, and the Mortgagee shall have the right forthw~ith to institute proceedings to enforce the coilection of all
monies secured f~ereby, including the right to foreclose the lien hereof. ~ - -
' THIS IVSTR~y[ta N~' PR ARED B /
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