HomeMy WebLinkAbout1804 i
k~122i90 13: 20 GUNSTER--BOCA t~02
(n) The M~rt9e9or feila to paY the Secused
Indebtednesa, or eny pert thareof, or th• periodic depoaita for
texes, inaurence and other chasgea, as hereinb~fore providea,
griar t~ the eYpiretion of eny applicable 9race period;
(b) r?ny wdrr~?ntY of the Mortqegor herein contained,
or contained in any inatrument, document, trensler, conveyance,
aasiqnment or egreement yiven with reapect to the Secured
Indebtedneaa, prove untrue or misleadinq in any materi~l
respect~
(cj The Mortyaqed Property ia +~ubject to a~tual or
threatened waate, or any part thereof, ba removed, d~molished
or matorially altered ao thet the velue of the Martgaged
ProperCy be subatnntially diminishe~ ex~ept d~s provided tor
herein;
(d) 1~?ny federel or atate tax lien or cleim of lien
i for lebo= or rneteriel be filed of recoxd agAinst the Mori.yayor
~ or the Mortga9ed Proptrty end not be removed by payment or burid
within thirty (30) ~eya from datc o! recordiny;
f
1~lny clefm of prioritY to thia Mortgage by title,
Q lien or otherwfae i~ a~serted in a~ny legal, administtdttv~s or
¢ equi.ta~ble procee~inq and auch claim is no~ dismi~t~rc~ within
thi~ty (30) deya fion~ th~ ~ate o~ assertion, or, provid~d auch -
claim ia insured pursuant to the Mortgayee Title InsureACe
' policy on the Marl.gay~tl P~u~Ctty, if such claim is not bein9
€ diligently puraued or contested;
t
fr
~ (f) The Mortgegor or Pe~er w. eusCh makea any
~ nsaiqnment for the beneliL of creditot~s, ~r anY prelerential
~ payment or fraudulenl. l.ranafer ~,utsuant to l~lorida law, the
~ rederal Bankruptcy Code, vr otlicr apvlicable Iaw, or shOUld a
` receiver, liquidetar or trustee ot the Mortgaqor or Peter w.
~ Buach or ot eny of t}~~ Mvrtqaqor's or the Peter W. liusCh's ,
property be appointed, or ahauld as~y ~~tition !or the
~ bankruptcy, reorqanize~tion or errariy~n~t~t ~t the Mprtga9or or
~ Peter w, euach, pu~~ubnt to the ~'ede~cal 88nkruQtcy CoQe or
` aimilar sLa~u~e, Le fil~sd, or an Order !or Reliet ~ntereCl, ar
the Mortgagor or P~ter W. Bus~h`i~ acijudicated a bankrupt or
insalvent, or ~hould l.lie M~rtyay~r ~r Petei W. BusCh be
liguidated or dissoiv~d ui its charte~ expire or 4e revokeCf;
(q) If Peter W. Buach ahall be majuQicated an
incompetent, or if Pe~.~s~ W. Buach ahall Cet]Cel hi~s S;uari~ntee or
the 3ame ~hall for any reaaon be ui~et~t~rceable;
(h) The Mortgaqor fails ~o keep, observe, pertorm,
= carry out end eaetute the cUVendnta, aqreements, nonmonetary
~
E
~
19 g00K~ /5 PAGE~QO~
E;
~
x:_ b.z.~t:sa ~ .~4r.~=~ .r`t-T _ .zc„c.~.~3 , _ ...saa_~~~