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Home My WebLink About0824 a0just ri~n tng Insurer any loss untler any such po~ ~ty, and any sucn a~iustment snall Ge .:oncluslve cx~ tne Mortgagors. 14ortgagee sna11 nave tne rlgnt to recelve and collect ~all procaeds pald on any c1alA under a~ny suct? pol Icy. to endorsa ine ?brtgtgors~ names to any check or other Insirunent ot pnymeni~ anA to aDD~Y such proceeas In payme~t of any amount dua under tAls ~nartgage end tAe note sxured noreoy and any expe~ses Incurred Dy Fbrtgagee In processing any claln under cny sucn pollcy. Nort9agee snall pay to tne t~tgagors the balence ot tAS proceeds. It any~ ~ernalning after tAe etoresald deductloris. Notning oontelned ~ereln s1~a1 I Impalr or aprogate the r Ignt ot the Ibrtgagors to procure Insurance from an agent or canpany ot tRelr orn selectlo~ as p~w Ided In tne Insurance lars ot tt?~ stats ot fiorlaa. 5. To pay al t md singul ar tne costs. charges and expenses. Incl ud Ing attorney~ s tess eQual to tne qreater ot 51.000 or 10~ ot tns unpald prlnclpal balance ot sald pranlssory note It reterred tx collectlon to an attorney not a salarlaC employee ot ine Mbrigagee~ ans oost ot abstracts ot title~ Incurred or palO at any tlme by Mortgagse because ot tt~e fallure on tAe part of the Ibrigagors to partorm the condltlons and oovenants ot salA promissory note or ot this mortgege. 6. To p~nelt. casrnlt a~ sutter no rasts. I~npalrment or deterloratlon of sald properiy or any part thereot. to keep and n~alntaln the sama~ Including all Dulldings noM or hereatte~ sltuata on salA preenises. ln good cond Ii lon and repalr ~ and pranptl y to make and per torm at tne Mortgaga-s~ orn expense, sucA • repalrs and ~alntenancss as 'brt~agse may fran tlTe to time reQuire~ hbrigagee i~eing nereDy ~ade tne sole Judge of t~e necesslty therstor. 7~ To place and o~ntlnuously keeD In tull torce a~d ettect t~e IAsntlcal Insurance coverages rhlcA .iere In eoclstence at ihe tlme ot tne axecutlon of tAis mortgage and tha pranlssory note secured AsreDy, whetner sucn covereges rere reQulred as a condltlon precedent for this transaction or vere prceure0 solely at the electlon of tt?e mortgagor. At the optlon ot~ and rltA the rrltien consent of, tt~e Mortgagee, sinllar or other coverage or coverages n+ay be subsltuted for eocisting Insurance~ Pbthing herein contalned shall ITpalr or abrogate the right of the Mortgagors to procure sucA pollcy ar policles ot insurance fran an agent or ce~par.y of the!r c~n s~!ectlon. 8. tn tAe event tAe Mortgagors sAall fall to cuwply vith any covenant carfalne0 In paregraphs 2~3,4.5, or 6 hereot~ lbrtgagee may (but sAall Aave no opllgatlon to) perform such covenani on beAalt of the Nortgagors aM the fuli aieount ot every payment a~ade by Nortgages in such connxtlon sAall beer Interest at tne sawe rate as tne obilgatlon secu~ed by tne Iien ot tnls n+ortgage from the Gate so pald anA shal! be secured by the ilen of thls ~nortgage. Mortgagee sAall also have tAe optlon to ettect flre and extended coverage insurance In an amount sufticlent fran time to tin~e to discha~ge thls n~ortgage and the note secured nereby and tAe Mortgagors shal! have ~o Interest In suc~ insurance~ otAer tAan tAeir Interest In such Olscharge~ anC tAe full amount ot evet~y payment made by hbrtgagee tor such Insurance sha11 bear Interest at the same rate as the obligatfon secured by the Ilen of tAls n+ortgage fran the date so pnld anC sha11 De secureC by tAe i len of this martgage. 9. Tnat (a) in tAe event of any such breach of thls mortgage or any ot the terms hereof or default on the part of the Nbrtgagors. or (b) In tAe evenfi any suns ot money ~eterred to hereln tre not promptly and tully pald as the same becorne due and pnyable. or (c) In tAe event of defauli in the payments under sald promissory note; then the princlpal sun set ou~ In sald promissory note ihsn remaining u~palC, and al I money secured Aereby, st?al I became anC be Immed latel y due and payabls at t~e opt lon of Mw~tgagee Mlihout notlce or Gernand (rAich are here4y expressly ralved)~ and this mortgage may De foreclosed with all rlghis and remedies aftorae0 ~y the lars of Florlda, Including the appoint~nent of a recelver. If applied for by Fbrtgagee~ In tAa event ihat Mbrtgagee sAall Geclare the princlpal sun set out in sald pranissory note tAen remalning unpaid. anC ail monles secured ~ereby. Inreedlately due ar?4 payable. the hbrtgagors shall in~aed{ataly pay to Mbrtgagae an anount eQual to t~e amourtt at wt~ich thls note could ihsn larfully De prepald plus any otAer n~onles secured hereby. 10. Pb delay by t~brta~ee in exercising any rlgAt or reaeeQy hereunGer s1ia11 operate as a raiver thereof or x~~luda'"a sxa: t;e t~~e;~t u'u~ir~ ine con4inuance ofi any deTauifi hereunaer~ No Malver by Mortgagee of a~y defauit shall constitute a raiver ot o~ consent to subsepuent detaults. 1S. This mortgage and the note secured hereby co~stitute a Florlda contract aM shail be const~ued according to tRe lavs of that state. 12. If all or any part of the property or an Interest hereln is solC or transterreC by hbrtgagor rlthour Mbrtgagee~s prlor rritten consent~ exc1u01ng a transter by devise. descent or by operatfon ot law upon the aeatn of a joint tenant or tAe grant of any ieaseho~o interbst ot tAree yaars or less not contalnirw an optlon to purchase, Mortgagee n+ay, at Mortgagee~s optlo~~ declare all the suns secured by this hbrtgage to be immediatley due anA payable. Mortgagee shall have aalved such optlon to accelerate ; It prior to the sale or iranster, Alortgagee a~d tAe person to whan the property Is to be sold or ! transfer~ed reacn agreement in ~lting tAat the credlt ot such person Is satlstactory to Mbrtgagee anG tnat tAe Interest pnyable on the suns secure0 by this mortgage shall be at such rote as Mortgagee shall request. If Mxtgagee has viaived tha option to accelerate provlGed in this paragrapA 12, anC If Mortgagor~s successor in Interest has eocecuted a wrltten assunpfion agreement accepted In rrlting by ~ hbrtgagee, Fbrtgagee sAall release Mbrtgagor from all obl Igations under thls Mbrigage and the Note. ~ Tne cwenants an0 agrsements contalned in this mortgage shall run rlth the IanA and bind t~4ortgagors, the ~ heirs, personal representatives, successors anC assigns of Mbrtqagors and all subseQuent owners. ancunbra~ces, ; fenants and suDtenants of the premtses, an0 s~?all e~ure to the benefit ot the Mortgagee, the sutcessors and asslgns of t~e hbrtgagee and all subsequent Aolders ot thls mortgage. ` IN NITNESS MHEREOF, tt?e Nortgagors have eocecuted thls instrur,snt under seal on the Aay and year first abwe ' wr i tten. 't~ JpN 29 P 3•~~ i ~ Signed~ seal ~O d IvereC ~022099 ~J~ ( in tAe ~ I 1 IL~..' ~•~`,~l~~•l„'~_f % ,I ~ ~ ~ X "G'-• ( SEA L ) ~ 5 ~ ; ' ` ~ _ / J ~ ~ ,(~~c,Gt ~.L.C-~-~-~ L ~LZ1f ~ ~~LGL/ c Sfi?L ) ~ ~ i ~ s STATE OF fIORIDA (SEAI) a _ > 55.: ~ COUNTY OF Mar[in ,(SEAL) 8efore me personally appeareG Ste~~en ~iPalma and Grac:e Ar.n DiPalma to me wel I knorn and knorn to me to be the Ind Iv Idual s doscr ibed In and who execufed 1M toregoing Instru- ment ~ enC acknori edge0 before me that the~- ex~cutsd the same for iRe purpose thereln expresseG. , , ~ , . . 4 MIT?~55 my hand and otficial seal tt~ls ~3rd day oi~`'~~~ya~_ ~ ~q q~ . ~ y.- . r , ~ . I. 1• r ~ . ~ i_ - , 'k Natar~r..P le~ ~3: of Flor IOS at large. - My tiayalRslpn mc~tros: ~ 1~i?~~~ .-1rnr~~iruir 7~i~lc~ C'r~rr~~~c~ri~~ f-7~,ric(cr. I~~c~. f•~•~.....•; - : ' r}r ;al[ ~C~M RE~C.h+GAPDEHS ~_GF:C _ . f~lf~ . „ Ot 2 \ .Y ;,c-: ~ ~ .P,89e 2 (Rev, 10/86) M~.' . _ . ~ . BOOK [17~ P;GE ~ :x ~ ~ ~"a~ ~Y:~^~ ?~a:~i..~ ~ ~~'i Y.-~y`.~".~h.r 4'~~'.%~-~, ~ ~z-~,ws"~°"'q°'`~'"~`