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1 v~~t~ s~•!-~~ ` ~a~,
k<•r~, an~i ma~nt:?u~ a full :?n~i acruratr ,et ui txx~k, anci rrtiur~l~ uf am ~Khrr n~;ht ~~hirh Uurtg:t~.~r may ha~~e un~lcr dii, ~fun~;:+~;r
.hu~~ m~ all tl~c mattrr> atw~r .pc~ ific~l. an~l ,hail prnuit :~tuct};.+~;rr ur un~lrr thr ia~~, u( Fluriila. Ttx rc~'riEx an~l ap~~lir:iuun b~
.u :im• timr u~ impctiY an~1 au~li~ aU Aturt~,??Kur's txK~k~ ~~f :~cruunt, ~tunK:+~c~ uf ,u~h incumr ~ur,ua~u hrrru~, ,h:dl n~x curr am•
~c~c>~~li, anel pa~xrs relaeinK w am• uf thr furt~~>in~; mrttrrs In thr hrrach ~~r ~iefsuit, nur aflix-t an~• pr~x~ecxling inuitutc~l h~~ rr:~u>n
~~~rnt am• surh au~iit is raust~i cu l~ ma~k hy ~4:mKa~;rr M• rraK~n thrrc~~f, hut surh inc~~mr. Ic>.~ all c~,~,ts ~~f ~~xrauun anJ
uf tl?c lailurr uf ~furtgakur tu rumplt~ ~~ith an~ uf thr furc~~rin~; m~intrnance, whr~~ rt~cri~•c~l b~• itunF{axc~c. shaU lx :~ppli~Yl in
~~ru~ is1u~~.,, thrn ~funK:?gur .hall pa} n~ ~tureKagcr u~x~n ~lrman~l a!I rctilu~tiun i>f the entire in~lc~c~lnr.., frum tin~r tu timr ,riurr~i
rx~~c•n~cs inrurrcYi b~• ~tungaKrr in cunnc~Yiun ~tii~h .uch au~it. hrreb~~. ~turtgagur shali n~x in an}~ mannrr ~~urua ur intcrfrrr
Nui~e ut th~ pru~isiuiu uf thi~ Rtr.?~;r:tEzh 11 ~h:~l! t~r appGrahir «•ith am• uf ~tunKagrr's riKh[s unJrr this Prr.~gciph 16 In thr e~rnt
,u lung :i, ~he pru~~e m~ u rrsiclential in naturr at~~l ~Ir>iKnr~1 f~ ~r ~tunKa~;c~c aiti, mxier tlrr pruvi.iun, uf thi~ P.?r.iKra}~h 16, ~tunKakur
~xruExin~~~ b~• Ir~, than fi~•e (5) familirs. shall pa~• •r sen~icr charKr in an an~uunt ryual tu fi.•c ~~rrrrnt {S~t,)
uf all i~xume cc~IletYCYI b~' At<,ngakrr.
12 nA.\tAC;E TO OR Cn~l()F.:~iNAi'1(~~l OF PR()PEfI'il'. Am~
.iw-~nl uf clamagrs ur a~mpei~~tiun fur iiijun tu, ur in runnr~tiun
~~ith ~m• cunckmnatic~i~ (c~r public usr uf thr pn~~rm• ur am• p:irt I'. l'~x>n rryur.t uf ~turt};a~;c>r: \1~,nKakrr tn:+~, at it. .~~Ir
~hercY~i, ur any pnxerei, ~>f am~ se[ttrment H•ith rcwpr~x a cuncirm• ~~}xiun, frum time t~~ cime m:dcr futurr a~i~:~nrrs ~u ~tunKakur;
nstiun wttethrr ur n~x eminent elumain pnxredings tia~~e hrrn Pru~~ietctil, h:n~r~~rr, tha[ such aa~:ince~ are nia~~ Within tv?•enn• (20)
ui,[iwtc~l. s1~:?II hr an~i i, hrrrb~• aw,iK»r~! h~~ ~turtK:~Kur an~i siiali Fran frc?m thr ciatr herc~~f :?nd that thr ux~) ~rinripal srcurctil
i~r paiei t~~ \t~~rtkaKee, uh~~ ma~• appl~~, i~tir ur r~lca.~e thr am~wnt 1~errM• an~ rrm:~ining un~i~, inclutling ant tiuch a~l~:in~'ch, ~hall
lhrctY~f +n thr ~me ma~uzer a. in Para~raph 2 pri~~•ieic~l fur thr ~~~x at an}• timr excreel tfit ~~;rc~ate t>u.wndinK prinripal sum
~~s:=~ s:.:..._..__.._._ _
u..,.,wxu~c~~w ~~~.;ur i~y niun~a~;ee iur tnr p:+l~nienc
~ii~ (3i tiii~2i ii1JU1.1111t'.
u( taxcy, 1~~'ies, i~r insur.?ncr un the ~kM~KeJ Pr~~rm•, with
. intrrcwt un such clishur..rmrnt+:~t thr ~rfault ratr pruvi~lc~i in prum-
13. BEVEF((:Wtl"~ti CO:VtiE~C!' RFQI'iKEU ~tuR~aKie ma~ ~tr isxein~ n~xe u•cureei hereh}~. ~tortK:?Kur sha11 exc~-utr and i.k1i~•er cu
~I:ur all sums ~ur~~ct hereb~• immreli.url~~ ~lur anei p~~:?hle ~vichii~ ~1i>nKakc~c a rnxe r~~idencinK cach and c~•en• .uch future aa~•a~cr
~t? ~la~s aFtrr surh dc~c•larati~m escept ati r~cprrs.l~~ limite~i h~• la«•, if ~~~'R~Krr ma~• makr, and such d~xunzrnu :i+ ~1un~kre m~~•
~turtgaKur. ccith~x~t A1~zctKaKer's priur ~vritten runxnt: sr1L,. cun reyuire to rrflc~e~t that such n~xr i~ u~urct) hrrrb~~. ~tunKaKur >hal)
~r~~;, c~~nira~Y; ter .rll, alirnatc~ c~r funhrr rix•umkxn alt ur am• E~:~n P~~}' a~~ such fuaerr ad~anres with intrrr,t pru~•i~iecl thrrrfc~r, arnt the
uf thr prc>rem~. ur (h) Ie:~~r+ al! ur am pan uf the pn>pern~ ~;~r a +:~me. an~1 e~ach nar e~~i~encinK thr ~.amr, shall hc u~urc~l heren~•.
«~rm, n~ethrr ~~ith all rxrrci~blr c~~xiuns, i~f 5~~tars ur nwrr, ur V~xhinA herein con[ainecl sh:ill c>blikate ~1urtKaKrr tc, make:im• such
1~ )~utTen tRte titlr e~r am• i~uerr,t in the ~c~:ureti pru~rt~• t~~ he faturc a~anec~. The word "\ti>rtKaK~~r~ s~ ux-~i in thi~ p:?r~kr.~~h,
~i~~•r,tr:i. ~~hrthrr ~•uluntarih ur im~c~lun[arih; ur (~il cti:?nKr, iir in~ludeti an)' succc-~tiur in ov~~nenhip i~f t(i~ Uurt~Krel Pn~rm~ ur
E~rrmits tu hr chankc~l the chara~Yer ~~r u.,e uf thr pruprm: ~~r t~n ~hereof. llie wurel "~tc~rt}{aKre" a~ ~i+ecl in thi. paragra~~h
i r) i, ~ panner,hip and :ui~~ ut' the Krnrral pannrn' i~itrrrsts arr ~~~~~uJes an}• a.c,iKnee ~>f \ti~rtkaKre.
tr.~n,(rrrc~l ur iti+iKnecl, «•hrther vuluntasih~ ur im~~~luntaril~: ur
~ f) i, a~~~>r~c~r.~tiun with frw~rr th:in 100 +t~x~khc~l~lrn :tt thr etatt i~f l8. F~ES. Ati~rt~Rc~r shall pa}- u~ titurtK:+Kec the mazimiim
rxcti~utiun e~f this ~tunK~Kr ancl murr than 10~t, i~f i[s rapital stex~k ;~~~~ount s~ ma}• fn>m time to time he E-~em~ittcYl h~• law• fur fumishinx
s, u~l~t. tr.u~.frrn~ i>r :L~;iKnc~cl clurinK a 12-month prricxl -
Itl ':.:~.~~~iuv~i ~~~iit ii:C tN~11Z{:lIIUI1S srcurc~ hecrh~•. ~arh ,tatemcnt
I-~ \O u'AI\'ER ~furtKaKc~c h~ arcrF~[inK ~x?~~ment uf am ,~~m Pur'u~nt te> an~• statute at thr time then in furcr. Ad~itie>nalh•.
~furt~;agur ,hall pa}• MortKaRee~, fec~. charKe~ :?nd rspenx~ fi~r am•
~c~~iirrd hzrrb~~ aFter it. clur ~l:ur. cr h~• makinK paJ•mrnt ur takinK
i cxhrr statrment, il~Cc~smadun e>r sen•icc~ furni~heei h~• 1lurtgagee in
~ un actiun ~~~hich, unclrr thc prc>~itiium hrrcti~f :~lurtKaKc~c i, rntitlrcl ~•i~i~ncc~tiun w•ith thc ubli uiit~.~ sc~c•ured hrrchc. tiaid srn•icc~ ma~
~ hu~ rnx ~lhlikated to makr ur t:ikr, c,r h~• furtxaring fre~m enfiir~inK ~~~~~ude, but tihaU n~x be limitecl tcr, the pre~crssinK h~• ~tun~;agee.
j .ni~ uf its riKht,, s1~11 n~x Ix• clrrmeJ tu h:t~~e a•aireel iti rikht tu
~ rryuire parment fn>m efr acti~,n h~• ~tunKagur anel u> clcYl:irr a.lr ~'f :i~.;umpticros, suhstitutEum, mudificauc~~~.~. estensiu~u, re~ZC~.~Is,
i:~ult ti~r ~turtKaKur~, failure to ck> se>. ~uFx>r~iiiaticins, reui~~i~~nt, chang~~; ~~f uW~ner, the pr~xe~,inK ~~f, ~>r
juin~rr in thr rxrcuti~~n uf, an~• map, pl~t sun~c~• ur <xher i~iurument
tn ~he r.~rnt ~te>rtgaKer >huulei esprr~,{~~ ~~aive ail~ righ[> ui~~ier affrcYinK eir ~ieurihinR the rrupem• ( inrlu~ing all rc~cordinK c~»4~).
arn prc~~~i>iems uf this 11c>rtKage, such «~a~~er shall nut tx: ~it~mr~l a recurclatiun uf map, plat c>r record u( sun~~, Rrane~ of ~.isemenes,
«ai.er uf am- riKhe~ ~1c>nKagc~c ma~• ha~•e wt~.rc~urntl}• c~~ rrc~uire ~S1CI RIII 1if1(1 Q~C[l"1I fCltl~t'ti, and the «tx:~+ninK h}~ ~lurty,agee uf any
{~.~}mrnt frc~m c~r ac~ti~m h} \tc~rtxa~ur :II1lI f<l CItY'I~ft c!r[aul[ !ur Ex,licic~ uf insurancr ~unuanc tu am~ uf thr prcn•isions ccmtainrcl in
~turt}~aK~>r~s f~ilurr tc~ dci u~. this `1ort~Ke.
19. V~'Af~'F.K OF ~TA'R~TE OF L1~11TAT1U\ti ~1c~rtKagur hrrcb~-
l5 A`iti1G~~1E1T ~tunKagur hrrrh~• ac,iKns anel transfer, tc> «~ai~•e~, to the fullr,t e~tent permi*tiiblr h}~ la~•, the ~tawte uf limita-
~tunKaK~-e during ehe continuance ui this \t<irtkaKe, a1i rents, i~.tiue., ~i<m~ ati a defrnse tu ani• clen~ancl e~r i~hligauun tircurrel M• this
~~rufiGti, ru}alties, tulls, earninKs and incc~me e~f the prcipem~ incli+ei ~t~~nKaKe.
inK thc~u ~risinK b~• re.~wn <~f :~m~ c~il, K:~.~ c~r mi~irr:~l It.~~e thrr~~~f.
!nei a11 in~tallments of m<~ne}• pa~ahle pursuant to an}~ ccmtra~Y uf GEIFK~V. PRO~'ItiIO~ti
~ ~.il~ c>r lr.~~;e reluinR tc~ the prc~em• c~r am• pan therec~f ( hereinafter
rrfcrrrel tc> ce~llecti~•rlt~ as "inc~~me tc~gether w~ith the right, pow~er A T1ie term "~turt~?xur'~ shall mcan ali partic~ exc-~ utinK
? .+n:1 suthc~rit}~ te> col~rc[ an~i rr~tain all surh inrume a~ it txcc~mrs this ~tun~aKe a~ ~lortgagc>r, their respectice heirs. Ee~tees, de-
~ ~iur and pa~ahle. Af) incc~me recei.•c~ h~~ ~turtgaKee thr~>uKh the ~'~yc-r,, aJminiurat<,rs, ECfCII[()IS, sucec~;.,e~:s in interc~u and :~ti-
~ ~~~~rcitie e~f the fe~~e-g~~ing .i~.~iKnment, {c~s a{I expenu~. (iitcludinK ,iKn,, pr~»i~lyd diat Mc,rtg,:~K~ti 5iiall nex t~e e>hiif;:itc~c! t~> Ki~r
t ~r;i~e~nahle attc~rneJ;s' fees) incurrecl hJ~ llurtKaKee in r~>IleainK such arn' ncxice reyuiree! hereunder =,~s anp ~turtKaKur ~xher than a,
~ ~n<<~mr ,I~:+II tk ap~lirei b~• ~1<TrtK~Krc un am indrtx~~clnc~s sc~urr~i ,lu~wn ~~n the fac° paRe hereof.
tt~is ~1c~nR~ge at such time anel in the mannrr and amount a~
~ ~1errtRaRer m:i~~ determine. Vi'ithc~ut (imiting the genera{it}• ~>f the Ei. The term "~Surtgagc~" ~haU mran the i~~~iur .in~i h~>lcirr
~ t~ ~r~~{c»nR, such applir:uicm ma~• inrlude pa}ment of pericxlic install- (~ncludinR a pledgee) c~f thr nute secureci herrh}•, ~••kiecher c~r
~ ments e~( priniipal :~ne1 intrrcrt, ex rc~iu~Yiun uf thr principal halanre nex namecl is 4fortKagee hrrein.
:,r rrimbursement u~ ~1~inga,~ee as ~nn~ideci in P~aragraph 8. Tt~e E~•en pr~n•i,ie>n uf thr ~tc~rtKaKe imEx~ti~itig u~cm
t~~rrKc~inK a~.si~;nment is intencied ati an :~~.tiip,nment te> take effec[ R~~~rtK~Kor :~n ohligaticm to perfe~rm an act, <~r ernixxl}~ing an
;~nl}~ upem a drfault h~• ~1onp,ag<~r in am• of Me~rtgagor's <~hli~ations ~Kreement b~~ ~turtRag<~r [c~ perk~rm an a~Y, shall be c~mstniecl
.incler this Me~rty,aKr. :inci ~1c~rty,aK~>r accc:rdingh• r~~en•rs thr riKht, ss t~t~liKati~~R ~4~~rtgax~~r ti~ pa~~ aH a~ts ancl expen~e,~ reiatin~
F;riex tc~ an~~ s~ch defauit, t~~ ce>Ilect and retain att ~uch incume as i[ thert~t~r.
Ix~cc>mrs clue and pa}:~ble.
f) tn thr ~h•e~~t an}~ (~r~xi~i~:n here.~~f tih~U hr elc~clarecl ~n-
1G. [)EFAI'I.T i31' ~fOKTGAGOIt ('pe;n cirfault h}~ ~tunKaKur in ~:~lid ~~r unenfurcrahle thre~uKti a fi~~al judRement in a court
~~.n~mrnt ~~f an}~ inciehteeinra~ securrcJ, c~r in the perk~rminCe c>f am~ ha~~ink cumpetrnt jurisclic7ion, thr ~alidin~ <~r enf~~rcr~ahifrt~• uf
„hliKatiem impc~u-c1 ~pcm ~te~rt~agc~r, h}• this M~~ny,:iKe, ~!c>nKag~~ of the remaininK trrms hen~~f shali ncx tx~ thrrrh~~ im-
rn~}~, w~ithout ncxice and withc>ut rcp~rd tu the adeyuac7~ oi the sec• p~~ised.
:~rie~- fur the inctehtrcinr~ti secureel herrb}~, either ~xrsemall~~ ur b}~ F. [n this ~t~>rty,aKe, H'f1tfC~~LF the cemtext x~ reyuires, the
.~ac~rnr}~ ar agent. with~~ut hrinKinK -am• aaiun ur pr~xeeding, n~ith- iz~axuline kender incluek~ the feminine and neuter, the singu-
~~ut enterirR into ~x~.ssessic~n c~f the prc,pem•, c~r by recei~er tu he (ar numtxr uiclueies the plural, and ~icr ~•en:~, ancl if mure than
:~pne~inteci h~• a rc>urt, (a) enter into po~sessic>n and he,1d, occu~~•, ~,n~ ~r.um is named ati ~ic~rtRagor, the e~hlig~aeic~ns erf ~ti~nRagc>r
Fx,,,,e~~ and enj~»~ the prc,pert}•; (h) make, ~ancel, enforce, me~eiif~ tihall he the je~int and x~•eral e~liy,;?tic~ns c~f e~ach perwn.
~~r terminate Irases; (c) ohcain and ejert tenancs: (d) set or m~xJifi•
rrnt~s; ( e> take, rerei~~r and rolfect all or an}• pan of the rencs, i~,5ues, F. The tern~ "atte>rne-~s fees'~ <hall inclu~e all ce~ts, expen~ea
~~r<,fits, ro}~lties, tolls, earnin~s, inc<>me ancl inuallmenu ~herein- and :~ttomc~s fers incurreci pricsr te~ the instituticm c~f an}~ pre~-
.{fter referreci tu rollecti~•el~• as "incc~me") as it txcumes due and ceeclinK, during the pendenc~• therc~e~f, and at ail fe~•els of appcal.
E~.i~~able. After paying such costs of maintenance and <~erdtivn of
~he prc~ert}• as it in i~5 judKme~t ma}' deem proper, ~tvrtgagee may G. Crpck~ns and par.~graph headings used herein are Fc~r
a~pl}• the balance upon the entire indebtedness then securetf com~enience vnly and are ncx a part of this agreement and shall
hereh}•. The acceptance of such income shall ncx cc~nuitute a waiver na be u;ec1 in costi.u:uing it.
PAGE 3 - AD1i'STABIE MORTf.AGE DFED ~ Q ~ ~ ~ ~ p~ ~ ~ ~
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