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Home My WebLink About0566 SC. ~tiCl~ Ct~U9VTi. ~~ A. rrt all ~thiy And ~u6etiy ~ entlerr up~aa+, ho6c1, a~ ~Y rui~i lpasc$; mat ltd ~d is Erne fmas all bcncusnGraaxx~c; t1-iae tie} v!r€~meite sum! ihs;r~r w pealmack ~ ~ titb m said 5aiad ~ the Aa~roeiati~ s,s may' rearonably i,.. rexlui aced th.t t3aay d~ ~ fiei3y r~ fire tltla i'b ~~ hsrsd and viiii sk~sd tine saar+e against the law#ul ciair:rs of all pexie+ms whorr~7vCr• 1;'RO`v 1DED AIwW'AYS that If the T.i gcrra sirmll well aaxl truiy pay' turto the Association, the :xrciat~tednc~ evicleixx~l by that rertt-in ptromi~ory note, of even dateo~ TbY the A'laat~~xs arxi pevabk to fire A~ctatian; in the nrirrcilal swear of .S~T~~~ "I'~~.~t~,~NT? TVi/'~.~~K~F~~? a~N~3!..~;~~~,~~-r_.._......-.-. bars (# 16, ~vQ. O© ), which. note, t(~,ether with intaretst as therein specified, is payable in monthly inatalln~c~ts of tJNE f-IUNDREI~i aEVEN~TEEN ANlJ NOj1Os7 ~--'_..,__.._ 1.1.7.Of), on the .3rd . day of each montl-. azmrr_encing with-. ..l~ove..>~~1^_ ~s-..1_~~~....-..__....------.--- ._ - -__ .....which pay~:terrts are to be app lied. first to interest, and the balance to prlntapal, until said indgbtmdness is paid fn full, sad shalt preform, ro~rpiy. with and at~ide by each and every tiie+ stippuslations, agrees, rnnd±tiw~rrs scud roti~esaanta of said prorr-icscxiy note a-rrd this *nottgage, And, includisrg airy advarrcaa asda by the A.+sociatfon to the Mortgagor, or their sueces~ra in tit)e, for any purvosc, at any time tefore the rrlease and car-ceilatiou of this mortgage, but at na tinx shall this mortgage secure advant~s un account cE said o:il{uyal note together with such additional advances in a sum in excesr of-__. ~~~'l EN THC~LJ~~`.NLJ TWO T .. - •- - ~iQQ..Q~ .-), ltxs an advances s:~cessnrr ~LlYI3~i~'(]?..#~.:~:D.~TS7~.1.~?Q..-_--'~-'- "-'--.~._.-'---. Iaotiirs (s 1 p y to protect the security arx! costs, then this deed and the estate hereby created shall eeese and i7r. null and wid. AND THE ~lOATGAGORS ll0 hereby covenant and agree: 1. To pay all and singtria: the princfpal and intG*est and ether sums of money payable by virt:ra of said promisson~ note ;:nd this mortgage, or either, promptly on thhe days re:sprctively the same sfveraL'y come due. 2. To pay all and singular rho texas, mitts, lervies, liabilities, obligations and fncuurbranres of every eature and kind now on said described property, or t„at hereaftae rrayy be im , suffered, atss.~ed, ~;ed, or assessed tireretxr, or that hereafter may br leviccf or assessed upon this hlc~rtgages, cr the inde~ess sec'urec~ hereby, each and every, when due and payable, ac~c-ording to law, bEforo they beeunre delinquent, aird beforrs anytnte:rst attaches or a.ny pc~~alty is inourred; and irLSOfar as any thereat is of record the sane shall be promptly satisfied Rnd discharge+l of r~orX! and the original afficiai document (such as, for ir'Ltance, the tax receipt or the satisfaction paper officially endorsed ar certuied) shall be placed in t}ie hands of saki Association as ?Mortgagee within ten days next after payment; and in the event that any thereat is not paid, satisfied and d;'scharged, said Assvciation may at any time pay the same ur an}• part thermf without waiving or affecting any option, lien, equity or right under ar b}' virtue of this '~lurtgage, and the full amount of each and every such payment shall be imrned;ately due and payable and shall bear interest from the date therc,eof until paid at the rate state(i in the :Sore secured hereby and tugs-they with such inter- est shall be secured by the lien of this Mortgage. 3. To keep the buildings and all equipment and personal property now or hereafter on said prc^Lnises covered by this mortgage, insured in a stern equal to at least the amount of the rnortgaQe, or an amount stufficient to comply with any cv-inst-r- ance requiremprrt covering the same under the laws of the State of Florida, covering loss from both fire and storm, making; tho )ass under said policies, each and every, payable to the Association, as mortgagee, as its interest may appear, aJLd said insurance shall be in a ¢ood and responsible insurance cot r[.~!ur}' satisfactory to said Association, acid writterr ~by a resppo~nsible local a (~L7t .utisfactory to sFtki Assc>c~iatiorr; and the policy or policies s:sail be(tr a stand;Ard mcrtg~ag;e claiLSe without contribution, avid Eh111 be held b the Association, anti, in the event any stun of 5none;J b~:ornes vab}e under s7ach policy or palicies, the .4ssrx•iatinn shall have the c Lion to r.*t'eivc attd apply the tame on ac~r•ount of the inde~edness l;ereby s(,rured, or to p(rmit the rtori~ae;ors b~ retitieive and use it, cr auy part thereof, for other purl•,oses, «~ithout thereby wanting ur in;~k•(irinn .l.n•~ equity, lit-ti, cr right F:nrler :aid by virtue of this rnortgag;e, and ntav place and pay for such insurance, or any part hereof, w•ithcrtit waiving r,•r affec•tin~ its option ro fomcluse, ar env right hereunder, and the full amucuit of c'3ch ar,+i ~•very such pa}-went s}iall be ir*;7r,eciiatel}• due and i.ayabl(: arxi shall hear ut?crest from the date tl~era~f tmti} paid at the rate statcY} in the rote secured h<°reby rued together with >uch interest shall l?e se-cured by the 1seu of this ?Fortgage. 4. To r>i~_'rr7it, !,ur,~rnit, or staffer rro waste, irnpairn;eL',t or dc•teriur:riion of s*1id prul>ert}', cr ary part therrtx,f, and u(x?n the failure of the rnortg;ag(irs to keep the bui}ding,s on said property in g(xxl cunditi(3n of rei.~a;r, the Assa(:iat!u.i rrjay cle;nand the immecl:<;te repair of s:iici buil(ii,igs or il3e irnmc~liate rrlra}•rreLSt of the (lebt tPe•rebv sc~:ured, ar.', th~c failure of i}u, nwrtgag:irs to curnply with said clernand of t:he Association. fcr a i>erioa nE Thirty (;p) days, shall cxinstitute a brt:ach of this inert Tai,r, aid, at the optiuri rf the Association, immediixtely mature the zntire amuu(tt of principal aird interest hereby sc~tued, an~ t}7e 4ss,•rciatiun, irnm~tliatc)y and without tioti~, r;ay irisutute prtreeedi7i~;s to foreclns? this mcrtg;a~e and apply ~or the ;(ppointu?e7tt t,f a rtecciF'er, as hereinafter provided. ;i. "I~tis mortgage cuntr:act pro°; ides f r adt:liti{?:'s::1 wr.}vancc~s µ'hich nwy t~ made ar the option of the ssscx•iation aixl cc-r_•trr,d by tlars mortgage, and it is agreed t}7;zt i_+i the event csf stsc:h ad~u:,c(~*s the <(muur;' may bL added to the R:nrtg;sge (If•bt ~:iui s;,ail rrcrease the un;~aic! balurar~ of the i-s<,te hereby secur•F:d by tliz itmount rf sue:}t ad~•arice and s}lfill }z apart of sa;(i !it)ie Lildl@'-Uiftf Clf'SA !iri;jc'r ~ trse tCr!YT5 of seed €iL~te ;iRd t}l3S Cv;l trait E23 EUtiiy cis if 8 `low Stlc}: a~t~ anC1 COlitr3Ci -.'<(4G . Xc ~11tPcl ;!lid (tell ti't=y'C"ti. 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