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Home My WebLink About0103 due unda~ this Mortgage in the first calendar month following the e~p ending of said sum. Such sums so expendeci to bear interest 9t the rate at which interest is payable upon said principal indebtedness and the lien of this \tortgage shall e:tend to and secuie ttie susns so ezpended together with interest thereon as hereinbeforo provided. 19. At mo~tgagee's option, togtther with and in addition to the monthly payment oF principal and interest payable under ithe terms of the note serured hereby. Mortgagor shall pay W biortgagee each month until said note is Eully paid, one-twelfth t 11 i2 ) of a sum equal to the annual premium due for fire, e:tended co~erage, and other hazard insurance iacluding flood insurance, co~•ering the mortgaged property, plus taxes aad assessments nert due on the mortgagod ptoperty ( all •s estimated by ~tortgagee ) less all sums already paid therefor, and to be divided by the number of months to elapse pnor to the date when such tazes u~d asseuments shall become delinquent. Said sums shall be held by Mortga ee tn tnut or credited to the principal of the loan> to pay said insurance, tues. and auessments and shall be applied oa the payment tht wheo due. Any excess held in trust by Mortgagee when said Iwn is paid in full shall be gaid to I~'iortgagor, or his assigns. or personal repraentativd. ln the event of a default or foreclaaure. said sums 6eld in t:ust mav be appl;ed on eny cests of d~n~gsa sustai~~d ;n ~~;.u,a.-tlvc~ vvitti '~a co~iecrioa of t~e note secured hereby wbether by suit, foreclosure, Qr ot~erwise. ~tortgagee may from time to time ~t ~te~c+~~~ we.~~e. s~;i a.~:: aay ~s~a-` ~:;:~r, reinst~te any or all provisions hereof requiring suc~ depoaits, by notic~ to \loRgagor in writing. While any tuch waiver b in eEfcct, Mortgagor shall psy tua, assessmenb and insurance ptemiumt as hercin elsewhere provided. 20. Mort~gagor shall comply with the ~rovisions of any lease. if this mortgage is on a leasehold. If this mortgage is on a condominium unit, mortgagor ahall perform all of mort~agors oblig~Kons under tbe dec3aration of condominium or master deed, the by-laws aad regulatioa~ ot the condomtnium project and coaititvent documenb. Mortgaga further covenants tl~at 6e and tbe astociaeon rr~..~:~+lw fn? ~ti~ _r_-_.~~~ ;-.:r.:::.a, ~,`~,~v +.u ui u~c prvvisions ot tae said declaration, aad any amendments thereto, and of~the Coodominium law of the state, and will gerform all obligatioas thereunder, and a failuce to do so ~~hich ss not cured within 30 days after notice given by the Mort- gagee to tbe mortgagor aod the said assoctation st~ll constitute a dafault under this mortgage. biortgagor further specifically covenants, hut not by way of limitatian, that he and t5e association will observe all of the provisions of said declaration of condominium relating to insurance coverage. 21. :~fortgagor further covenants and agrees that at the request of Mortgagee to furnish a standard termite bond 'ensuring agaia5t damage by infestation on the buildings now or hereaite~ located on the mortgaged property, in suc6 amounts and terms, and with such company as approved and required by Mortgagee; and in the event Mortgagor does not comply with this covtnant ~Sortgagee shall have the same rights to obtain same ss iasurance covtrage under covenant ~3 6ereof. 22. 'T'hat ia the event that thLt moctgage is given to secure a eoastruction loan, failurt on the part of the ltortgagor or the ~tortgagor's cantractor, architect, enQineeis, or sub-contraMors to comply with tha terms of the Construction Loan ARreement of etien date herewith, ..~hich is by referonce incorporated hercin, shall, at the option of the Mortgagee, coattitute a default hereunder_ 23. IE the mortgaged premises is other than a one to four facnily dwelling, the Mort agor covenants and agrees that he w•ill, not latec than thirty (30) days after the end of the fiscal year, fiimish unto the Association a comp~te and accurate balance sheet and profit and Ioss statement reflecting the Mortgagor's liabilities at well as profit aad loss for the [iscal year, and such balance sheet and profit and loss state- ment sha11 be prepared by a certified public accountant licenstd in the State of F'lorida, and shall be certiEied as being correct hy such certi- fie~l public accountant. 24. If any of the surns of money herein refeaed to be not promptly and fully paid within thirty ( 30) days next after the same se~~erally berome due and payable, or if each and every the stipulations, agroements, conditions and covenants of said promissory note and this mort- gage, or either, aee not duly performed, complied with and abided by, the~ a~ggregate sum mentioned in said promissory note shall become duc and payable forthwith or thereafter at the option of the Mortg:gee, as fully and completely az if said a~Aregate sum of money was origi- nally stip~dated to be paid on such day, everythinq in said promissory note or herein to the contrary notw~thstandinQ. 2~. In the event that the Mortgagor maka payment by check or checks that the Atortga~or has failed to properly endorse, the \fortqaRor does hereby agpoint the Mortgagee as its attom~y-in-fact to supply on behalf of the Mortga¢or any and all endorsements necessary to negotiate said check or c6ecks and the !~tortga or a to hold the ~tortRagee harmless from any liability whatsoever for supply:nR said endorsement. In the event the Mortgagor shall cas~ a eck for the Mo:tcagor and same sh~U be returned for insufficicnt funds or any other reason so that the Mortgagce is unable to collect its money, then the ~iortgagor hereby authorizes the ~iort~aqee to add said sum to the principal ba]ance of this mortgage and said sum shall be secured by said promissory note and mortgage as though it was an additional ad~•ance ~~nder the terms and conditions of this mortgage. ~6. Special provisio~u: I\ WITNESS WHEREOF, tbe said Mortgagor hu ezecubed t~?is moctgage +mder seal on the day and/year 6trein Eirst above written. Si:ned, kd and deliveral in the gresence of: ~ , , ~ • - ~ _ ~ ~ ~ . _ ' LG--___'._'__ ~ L_ • " u - ( SEAL ) » ' RITA M BROIDELL r - ~ , , ; ~ ~y~ - ~ ~ ° ~ ~ - - i SEAL) - ~ '/I FRANK BROIDELL, SR. l ' f '90 JAN 26 Al l~~' ~ io2is~a 8~1 ; -;tt , ~ : r v~ ~ C ~ ~ _ i ~ . _ _ ' ' ; ?~i ~ ~ State of FLORIDA ! i,ounty of ~RTIN ~ The foregomg iaitrument wss aclmowledged before me thi4 22 d'y °f JANUARY . 19 90 , ~ by RITA M. BROEDEL~L, MARRIID~ AND FRANK BROEDELL, SR. , HER HUSBAt7D e ~ A \~y' CQi[1Ri1SilOQ ~~TCS: / -7 ~ , ] a . ~ L / . g r~ ~1 / / \ _ -r ~s ~ ~ ~-l ^ ~ - , q , ~ '~_..'_'__L ~ ' ' ' _ ' ~ - N blic ' ~ " ~ ~ ' \otary Seal) ' € ' ~ St~te of - County of 'Ihe foregoing instrumer.t was acknowSedged before me thL~ day of , 19 , by and ad f ` on behalf of the corpocation. ~ ~ ~1y Cammission ezpires: ~ ° R ~75 103 r`°tary Public (~otarySeal) BOCK PAGE s~~'a;s~~.~~~.~^~.~~..~~- ~~~~~:°r.,~~~