The URL can be used to link to this page

Home My WebLink About0109 uuc u.wc~ uua rwci~n~a ui cua iu3i czJeIIaal IIIOII~ IOIIOWIn& ChG 2SQ ep(i1Dg Ot Sald SUII1. JUCn StllllS SO (1aec1 l0 oeu u~ic cac sc wc iaac at which interat is payable ~pon said principal iadebtednsss and tbe'lieh of this 1?fo~tgage shall e:tend to and secure the suriu so espended together with intecest thereon as hereiutreforo providod. 19. At mortgagee's optioa, togrther with aad ia add.ition to the monthly payment oE principal and interest ayable under the teruu of the note secured hereby, Mortgagor shallpa y to Mort~agee each month until said note ts fully paid, one-;welEth ~1 / 12 ) of a sum equal to the aanual premium due for fire, e:tended coverage, and othtr ha~r~ insurance including flood iasurance, covenng the mortgaged property, pius taxes and assessments nert due oa the mortgaged property ( all as esamated by ~tortgagee ) les~ all sums already paid tl~erefor, and to be divided by the number of months to elapse prior W t6e date wbaa such tua and assessmentt s6all become delinquent. Said sums shatl be held by Mortgagee in tnut or c~editai to tha principal of the loan, to psy said iasurance. tazes. and assessmeuts and shall be applied on the payment theinof w6en due. Any esces~ held in trust by Mortgagee when said loan it paid in full shall be paid to Mortgagor, o~ hi~ assigat ot penonal repr~entatives. Ia the eveat of s default or forecloaure. said sums held in trust maY be applied on any costs of damaga sustaine~ in connectipn witl~ tEso ~+!UeL~+~ rf L~ ~ssta h~by by suit, f~re.:2os~ire, or o~henxise. hiortgagee may irom bime to time at its~optlon waive, and after aaY such waiver, reinstata a,ny Qr ~ll ~mvi~iers heteof reqtairiag su:h dtposits. by noti;,e to ~iartgagu~ in writing. Whik any such vraiver is io effed, Modgagoz thall pay tues, asxssments and iasurance premiums as henin elsewhere provided. 4A, Mart~ga~got shall comply with the provisioas of any leasa, if tLis mortgage is ~ a leaxbold. If this moitgage is on a condouunium unit, mortgagor shaU perform all of mort~gor a obligatioas uader the decl aration of condominium or mastec deed, the by-lavrs and regulatioas at the condominium project and co~stituent documeats. Mortgagar further covenants that he and the auoc~iation responsible for the o~pention of the eondom~aium will nhsRrvw 1~~~ nF f1~w »mvieiev~e n,.t ~1.~ ..ia .i~..l. osiaa;uu"u~cuu utci~`tU. dI1~1 ut tiie wnaominium !aw OF the state, and will perform all obligatioas thereunder: and a failure to do so which is not cured within 30 days after aotice given by the Nort- gagee to the mortgagor and tLe said assoc.~'.atlon shall coastltute a default under this mortgage. Mortgagor further specifically covcaantc, but not by way of limitation, that he aad the auocistion will obsern all of the pmvisiocu of said d=claration of condominium relaCng to insuraace coveraga. 21. !~tortgagor further covenants and agrees that at the request of Mortgagee to furnish a standard tennite bond insuring agaicut damage by infestation on the buildings now or he~+eafter located on tbe mortgaued property, in sueh amounts and terms, and with such company as approved and required by Mortgagee; and in the event Mortgagor does not comply with this covenant Mortgagee shall have the same rights to obtain same as iasurance coverage under covenant sr3 hercof. 22. T6at in the event that thLt mortgsge is pven to serure a constraction loan, failure on the part oE the ~tortgagor or the ~tortgagor's contractor, architect, ea~ineen, or sub-contracton to comply with the terms of the Coastruction Loan Agreement Qf e~~en date herewith, ~•h;~h ~s by reference incorporated hercin, shall, at the option of the Mortgagee, constitute a default hereunder. 23. If the mortgaged premises is other than a one to fow family dwelling, the Mort agor covenants and agrees that he will, not later than thirty (30) days after the end of the fiscal year, fi~mish unto the Association a comp~te and accurate balance sheet and profit and loss statemeat reflecting the Mortgagor s liabilities as well as profit and bss for the fiscal year, and such balance sheet and profit and loss state- ment shall be pcepared by a certified public accountant licYnsed in the State of Flarida, and shall be certified as being correct by such ceRi- fi~~l public accountant. 24. If any of the sums of monep hereia referred to be not promptly and fully paid within thirty ( 30 ) days next after the same se~~erally become due and payabla, or if each and every the stip ulations, agroements, conditioas and rnvenants of said promicsory note and this mort- age, or either, are not duly performed, complied with and abided by, the a~ ggregate sum mentioned in said proniissory note shall become ~ue and payable fo~thwith or theceafter at the option of the Mortgagee, as fully and eompletely as if said agRregate sum of money was origi- nally stipulated to be paid on such doy, everything in said promissory notr ar herein to the contrary notwithstandinY. 25. In the event that the Mottgagor makts payment by check or checks that the Mortgagor has failed to propedy endorse, the ~tortqagor dces hereby appoint the Mortgagee u its attorneyin-fact to supply on behalf of the ~to~tgaAor any aad all endocsements necessary to negotiate said check or checks and the Mortgagor agrxs to hold the \tortgagee harmless from any liability whatsoever for supplying said endorsement. In the event the Mortgagor shall cash a check for the Mo:teagor and same shall be retumed for insufficient fuads or any other reason so that the Moctgagee is unable to oollect its monry, then tbe Mortgagor hereby authorizes the \tort¢agee to add said sum to the principal balance of this mortgage and said sum shall be secured by said promissory aote and mortgage as though it was an additional ad~•ance ~~nder the terms and eonditions of this mortgage. 26. Special provisions: I\ WI1'IVESS WHEAEOF, the said Mortgagor has aecuEed tLis mortgage under seal on the day and/year herein first above written. , Sicned, seakd and delivered in tl~e presence of: • ~ ~ ~~~`y-, ~r, ' . ~ _-~-~r___.^ ~L,1~ - • ~ SEAI..) l ~ • C~~J~~AM H. `PHORN, J~ ~ - , • EA ' c.,~.- ~ -_a~ _ ~ ~ ~ S L ) r / ~ l PATRICIA E. THORN ~ ~ '9a JAN 26 Al 1 :4 ~ ~ 1021676 ~ iLE i,~_ ~ ;rt,~~i ^ =E~k - ~ ~1 l i;~.._ ;N; ~ State of FIARIDA ~ County of ~ The foregoing~Iinstn ment was aclmowledged befo~ra me this 22 daY ~ JANUARY , 19 9d , ~ by WILLIAM H. TEIORN, JR. & PATRICIA E. THQRN, HIS WIFE . s ~ _ ; : ~ty Commission expird: ~ ~ ~ ~ . ~ . ~ ' . ~ ' ~~-s.:~ ~ - ~ NOTARY WBUC; STATE :~f fSO~:iDA AT LARGE Notar}s" b!~' ~ r.x:;-' . MY COMl1A!SSION EXPI2F5 MAY 13, 1993 ~~`3413 BONDED THRU AGENT'S NOTARY EROY.ERAGF ~ ~ \otary Seal} .;~~•";-4'd'` ~ t 't f ~ ~ ~ , ; _ ~ v .~xx~_ ~ : / .3,. " _ _ ~ , ~ . z . State of ' ' ' ~ ~ . County of ~ ' The foregoing insavmrnt wsu acknowledged befoc~c me thLs day of , 18 . ~ liy ~ oi ~ on behalf of the mrporation. ~ ~ ify Gommissian e:pires: ~ R - - - n Notary Public (~otaryseal) gppK~~J PAGE ~ot~ ~ _ ~Af~;,~ - ti~- ~