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Home My WebLink About0771 1 ~ye under this Mortgage in the first calendar mouth following the ezp eading of said sum. Such sunu so e:peaded to bear intercst at the rate ' a4 which interat is payable upon said pri~igal indebtedueu and the lien of this rio~t~age shall ertend to ansi secure t6e sums so e~ended toget~er with intere:t thereoa u bereiabefore provided. . ~ 19. At mortgagx's optioa, together witb and in addltion to the monthly payment oE principal aad interest payable under ~he tersns of the note secursd 6ereby. Mortgagor sball y to Mort~agee each month uatil s~id note u full paid, one-hvelEch (1/i•2) of a sum ual to the r a y eq annual premium due for fire, e:tend coverage, aad other 6axard insurance including flood insurance, co~•ering the mortgaged property, lus t~es aad auasmentt nert due on the mortgaged p (all ~s atim~ted by ~iortgagee) less all sums already paid therefor, and to be ~vided by the number af months W elapse prior W the date w a such tazes and assessments shall become delinquent. Said sums shall be hejd br Matgagee fi? trust or credited to the priacipal of tbe la~an. to pay said iasurance, ts~es, and assessments and shall be applied on the payment tbereof wben due. Any ezoesa heid in trust by Mortgagee when said loan is paid in full sha11 be paid to Mortgagor, ot his ass~os or personal represeatatives. Ia tbe event of a default or fonclosure. said sums held in tnut ma be applied on aqy costs of damages sustaine~ even - - ~ in coonection witb tDe oo~lectio~ o,f t5e nots sseuted herebp wbetber by sult, foreclaaure, or e~nse. Mortgagee may from time to time at ttsop tlao walve, and after any such waiver, rein:tate aay or all provisions hereof requiring such deposib, by notice to Aiortgagor in writing. ~Vhile aay tucL waiver Lt in effect~ Moctaag~ shall pay tues~ assessmeab and insurance premiums as hereia elsewhere provided. 20. Mortgagor :haR oomply with tbe ~rovisions of anY lease, if tWs mortgage is oo a 3ease6old. If this moKgage is oa a condominium unit, mortgagor sbaD perfarm all of mort~a~ors obltgations under the declaration of coadomiaium or master deed, the by-laws aad regulations ot the cuodomiaium project and coaititueut documenb. Mortgagor furtLer covenanb that Le aud the associabon responsible for the operation of the condominium will observe all of the provisioas of the satd declaration, and any amendments thereto, and of tha Condominium law of the state, and will perform all obligatio~ t6ereunder; a~ a failure to do so which is not cured within 30 days after notice given by the Mort- ~ gagee to the mortgagor and the uid associaHon shall constltute a default uader thia mortgage. Mortgagor further specifically covenants, but not J by way of timitation, that he and the association will observe all oE the provisions of said declaration of condominium refating to insurance ~ coverage. ~ 21. I~tortgagor further covenants and agrees that at the request of Norcgagee to furnish a standard termite bond inswing agai~tt damage by infestation on the buildings now or Aercafter locatcd on ihe mortgaged property, in such amounts and terms, and with such company as ~ approved t~nd required by Moztgagee; Y~ iD ~C C~YiI~ MOILgagor does not rnmply with this covenant Mortgagee shall have the same rights to obtain same as insurance coverage uader covenaat xt3 hereof 22. That in the eveat lhat thts moctgage is given to secure a coattruction toan, failure on the part of the ltortgagor or the ~tortgagor's ~ contractor, architect, en~ineeis, or sub-contracton to comply vrith the tersns of the Construction Loan A~reement of e~~en date herewith, which is by reference incorporated hcrein, shaq, at the option of the Moctgagee, constitute a default hereunder. ~ 23. If the mortgaged premises is other than a one to four family dwelling, the Mortgagor covenantc and agrees that he will, not later ~ than thirty (30) days aker the end of the fiscal year, hirnish unto the Association a compkte and accurate balance sheet and profit and loss ` statement reflecting the Mortgagor s liabilities as well u proEit and lou for the fiscal year, and such balance sheet and profit and loss state- ~ ment shall be prepared by a certified public accountant liceiued in the State of Florida, and shall be ceetified u being correct by such certi- ~ fi~Yl pubiic accountant. ; 24. If any of the sums of money 6enin referred to be not pramptty and fully paid within thirty ( 30 ) days next aher the same severally ~ becorne due and payable or if each and every the stipulatioai, agroements, conditi~s and covenants of said promissory note and this mort- ~age, or either, are not c~uly perfortned, complied with and abided by, the sggr te sum meationed in said promissory note shail become c ue and payabk forthwith or thereafter at the option of the Mortgagee, as fulty aend completely as if said ag~egate sum of money was origi- nally stipulated to be paid on sush day, everything in said promissory note or herein to the contrary notw~thsiandinY. ° 23. In the event that the Mortgagor maka payment by ehxk or checks that the rtortgagor has failed to properly endorse, the ~tortqagor dces hereby appoint the Mortgagee as its attomey-in-fact to supply on behalf of the ltortgaAor any and all endorsemrnts necessary ' to negotiate said check or checks and the Mortgagor a~rees to hold the ~tortgagee harmless from any liability whatsoever for supplying said endorsement. In the event the Mortgagor sLall cash a check for the Mo~eagor and same shall be returned for intufficient funds or any other :eason so that the Mortgagee ii unabk to collect its monry. then the Mortgagor hercby authorizes the ~tort¢agce to add said sum to the ~ prinripal balance of this mortgage and said sum shall be secured by said promissory note and martgage as though it wu an addiNonal ad~•ance . under the terms and ccmditions of this mortgage. ~ 26. Special provi.sioas: I\ WITNESS WHEAEOF, the said Mortgagor has ~ecubed this mortgage under seal on the day and/year berein ficst above written. ~ ` . Si~ned, seakd and delivered in the presence of: `~j ' a , ; i' ( SEAL ) - ~ - IAKE[V DAVID HALL ~ i i - - ------=~8---~'~~~'ET'-- ( SEAL) ` - 1022065 bN ~ Fi~~: ;;?i^ =Lr'~ O(~UGt i~!kON _ Sl L~i;~~ `r'!,'NT`. ~ ' i - `,J~,.. { State of F'LORIDA t!":~:,~'~~ . ~ '.~t: , yy , . . County of ; ~ ' ~ , : , ..e ` ST. LiJCIE ' `y ' - y, Tha foregoing instrumtnt was aclmowkdged before me this 25 day of J~ a~ _ e„- .--;~g~. ~ by IARIIV DAVID HALL / . ~ . ~ . . ~ / 0~ - - t.: : 4 i" 4a i ' ~t' .iC~• - ~`I ~ ~~y' COR'fI111lSIOQ Gipll'E3: . C: ~ ~ . - ~ ~ . I ~ , ' 'y b ATE O RIDA AT I,~~._ ~ ~ \otary Seal) State of County of The foregoing instrument was aclmowledged before me t~is day of . 18 . ~ bY and of € on behalf of the COiporition. ~ ~ ~Sy Commission azpires: ~ F 8 c [ - Notary Public , { tiotary Seal) g~pK 675 PAGE ~ ~ ~-,~i"~ ~~~.~.~`~~~~`~~.~`a"~~rv~~~"` -