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Home My WebLink About1506 due under tlus Mortga~e ia the fint calendar monih following tbee~p ending of said sum. Such sunis so expended to bear interest et the nte ~t whjc.h interest is gayable ugou said pcincipa2 iadebtrdntas $ad tda liea of ttiis biect~age shall e:tend to ~.ed sec?~re thc sumc so e:pe~d~ci togethe~ with interest thereoa at hereinbefon provided. ~ 19. At moctgagee's optioa, toget~h~er with and ia addltlon W the monthlypa ymeat of Qrincipal and intercst payable under the term~ of the note aecured hereby, Mortgagor shallpa y to Mortgagee eacL month uatil said note it Euily patd, one-twtlfth (1/12) of a sum equal to the annua! pr~mium dus f~: fire. ezteuded coveraga. and othet ha~d insuran:e iacl~ding tlood insLraace. cevering the mo~tgaged pmP~rtY. ~ p1us tues and as~essments nert due on tha mort~aged prope~ty ( all ~s estimated by ~tortgagee ) leu all sums already paid therefor, and to be divided by tbe number of months to elapae pdor to the date wheo such tues and asseuments :hall become deiinqueat. Said sums shall be held by M~ort~ee in trust a credited to the ptincipal of tbe lu+n, to pay said insurance. tues, and asseuments and sh:ll be applied on the paymeat thereoE wbea due. Any esoea held tn tcust by Mortgagee when s~id loan is paid ia full :haU be paid to Mortgagor, or his or persa~al repre»entattves. In tbe event af a default ~ fa~ecloawe. tsid sum: held in trust may be applied on any caats of damages sus~ in caoneetion writ~ tbs ooTlection of tbs note :ecared 6eieb~? wbstbec by sul~ Eoreclosure. or othetwise. Mortgagee may from time to time at itso~o~ waive, aad aEtar any tuch wraiver, rein:tace my ar all provisions hereof :equiring such deposits, by notice to Mortgago~ in writing. while mr such ..atver ts in eEfea, Morc~.gor ~hall pay tu«. au~amencs and i~uuraace premiums as here~n el:ewhe~e pmvided. 20. Mo~t~ga_~r :hell oom~y with tbe ~rov~ioai of any kaae, if this mortgage is on a leaxhoki. If this moKgage is on a oondominium uait, martgagor ~a? perform aIl a~ moct~a~or~ obligaHons ua3er tbe declaration of condominium or master deed, the by-laws snd regulatioas d the caodamiatum p~ojxt and caa~titueat dacumeab. MortQaga fuctLer coveaaab ~hat he and the association responsibte for the apention of the ooadomintum vrill oberve a!1 of tbe provisioas of the said declaration, and any amendments thereto, and of the Condoaninium law oE the state. and will perform all obligatioa~ thereunder; aad a failare to do so wfiich Is not cured within 30 days after nobce givea by tht Mor4- gagee to t}?e mortgagor and the said association shall coattltute a default under this mortgage. Mortgagor further specifically covenants, but not by way of limitatioo, that he and the auoclaHon will obsern all of the provisions of said declaration of condominium relating to inrurance coverage. 21. ~tortgagor further covenantt and agrees that at the requat o# Mortgagee to furnish a standard termite bond ~~~R~g again:t damage by infatation oa tha bui~ding~ now or hereafter located on the mortgsged property, in such amounts and terms, and writh such company u approved and required by Mortgagee; and in the evcnt Mortga~or does not comply with this covenant Mortgagee shall have the same rights ~ to obtain same as ianuanoe coverage under covenant ~t3 hereof. 22. That in the event that thit mortgage is pven to aecure a canstruction loan, failure on thepa rt of the :~fortgagor or the itortgagor's contractor. architcct, ea~ineeis, or sub-contracton to comply with the ternu of the Coastruction Loan Agreement oE e~•en date herewith, ; w~hich is by refereoce incoiporated hercin, shall, at the optioa af the Mongagee, con~titute a default hereunder. ; 23. If the mortgaged premises is other than a oae to four family dwelling, the Mortgagor co~~enants and agrees that he will, not I.ater than thirty (30) days aher the end of the fiscal year, f~~mish unto the Association a complete and accurate balance sheet and profit and loss statemeat reflecting the Mortgagoi s liabilitia as weU as profIt and bss for the fiscal year, and such balance sheet and profit and lo~c state- ment shall be prcpared by a certifie~ publlc acoountant Yiceased in the Swte of Florida, and shall be certified as being correct by st:ch certi- ~ fi<Ki public acconmm~t. ~ 24. If any of the sums of herein refernd to be not pramptly and fully paid within thirty ( 30 ) days nert after the same uverally become due and payable or if~ and every the mpulntions, agreements, conditioas usd covenants of said promissory note and this mort- gage, or cither. ue not ~uly performed, complied witb aad abided bY. the a ate sum mentioned in said promicsory note shall become due and wyable Eorthwith or t~ereafter at the option of the Mortgagee, as ful~ ~ campletely as if said as~regate sum of money was origi- nally stipulated to be paid on su~h day, everything in said promissory note or herein to the contrary notwithstandinQ. 2a. In the event that the Mortgagor makes payrnent by check or checks that the Mortgagor has failed to properly endorse, the ~tortqago~ dces hereby appoint the Mortgagee as its attorney-in-fact to supply on behalf of the ~IortgaRor any and all endorsements necessary co negotiate said chxk or checks and the Mortgagor a~rees to ho]d th~ ~tortgagee harmless from any liabiliry whatsoever for supplying said endorxment. Ia the event t6e Mortgagor shall cash a check for the Mo:!eagor and same shall be returoed for insufficient funds or any other resson so t2wt the Mrntgagee b imabk to aollect its monry, then tbe Mortgagar hereby authorizes the ~torts~agee to add said sum to the ~nder~the tb tr~and conditlo~iu8 of~ ~~ga~shall be secured by said promissory note and mortgage as though it was an additional ad~•ance 4 ~ ?6. Special provisiont: 1\ WI'TNESS WHEREOF, the said Mortgagor haa ezecute~d t5is mortgage under aeal on the day and/year herein first above writtea. ~ ' ~ i: ned, sea~~ and deliv in of : ~ ~ - ~ ~ `-.lq~` - - l SEAL ) 'i ~ ~ - EL G. (~E70RGIZON - - i ^ ~ ~ ' : ' - ~ I ; Z___ L-,u..~. ~C'~~ ( ) i - - - - S L ~ ------Z~I~IE G. C~RGI'ION ~ ~ ~ ~ ~ i ~ State of FIARIDA ^,ounty of ST LLTCIE _ The foregoing iaitrument was aclmowledged before me this 30t~h' day of Janual~ , 19 90 ~ by DANIEL G. C~JOr'2GIT~ON A~ID C`0l~IIVIE G. C~ORGI~iOIV, his ' e ~ ~'~'•:';j-4;~:~ . ~ " ~ ~ ,y, ~ ~r~~ comnuuion exp;ra:~ ~ ~ i . - t•,- . = ` N , I - - - - . ~ . 3._-~.:: ~ STATE OF FL~ORIDA AT T~RGE _ , ;:i~: \otary Seal) - , . - _ 1022~02 F~' . ~ '90 JI4~ 31 A 8 ~21~ ¢ ~ ` State of ~ Countyof rILtC~ ~~'i1 ,Zz~~~t. ~ The foregoing instrument vv~ aclmowledged before me t~Ls day of ~ ~ U G I i~~ X M•. , 19 ~ ~ by and S 1 ~ U' I' ' F.: N!~ ~ ~ on behalf oE the cOrpclcidoa. ~ ~!y Commis3eon espires: ~ I ~ ~ ' : . Notary Public ~ ( \ otary Seal ) $j ~j',~~~ _ ~ - s .,_t