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HomeMy WebLinkAbout0689~~ 25- X689 ST, IUCIE COIN~TY. fLA. _ at all timespeaoea , and eluietly to states upon. hold. oocup~- and Hnf~- ~ land; that said Wed is Tres front all encumbrances; that ~t~yy wUl mabs~svch furt6es aswteao~oa m Pufsot ~ ~ tills !o said Wed in tbs Msooiatbn the Mwful ~ of utred; and that they do hereby fully warrant the tills ter sa Wad and will defend the same against . a~II ptrsoas whomsoever. PROVIDED ALWAYS tb:t if tbs Mort~ahall well and truly 1?aY unto the Assodatioa, the fiedebteduas evWartoed by that certain prornissay note. of even ante made by the Me>rt~$eers and Payable m the Association,lA the prindpal ONE TH AN NQ__~L1 --------------------------DoWr (i- -1-sQ44-e.9Q- ). sum af -----------------Q-~-~---..~..L_- ----- ----__-__----------- ._ -- - ia bb m monthly installmer-b ------- . which note. together wld- interest tbereea a tbeeein spedfkd, pays ---- --~- - ---------------------------------.- Dollars (i --1Q.-- ------------ ), TEN.--AND---N~11OO--Y_--- - --------------------------- -----•--- ---------------- - -- - ----- ^p J A N U A R Y 1 L_~62 ~--_~_-_which payments ~ 5 as of or-ch month oonomencia$ with___-__-- oa the------------- -------- Y and the baLnoe to until aaw fodebtedntsa is Paid fa fnD, and ahaII peefornr. are to be applied. first m interest, P~^I' of said note and with and a exe3- and every the :tipulati°°=. ag~'ee°~b. ~0~0°~ ~ oo~veoantr P~°rY mortgage, And, inc3uding any advances made by tbs Association to the Mortgagor. ex thedr snocessocs in ~. fa' ^~' PeYPOee• e bnt at rw time :hall this mortgage secure advances an aooouret at any time before the release and canoedlatien of this matgag , ` ~ ,ate original note together with such additional advances m a sum in uoess of ONE THOl1SAND AND NO/1_OQ___ -_ ---_----------------_--_----------------DolLr (i---1 >~.00 ). p~ any ^dva°ee: "ecewry to protect the security and costs. tben this deed and the estate hereby created shall nears and be null and void. ooveoant and a AND THE MORTGAGORS DO herby !¢~~ 1. To pay all and singular the pnnex'pal and interest and other sums of mooey~ys~by virtue of said promissory note and this mortgage, or either. promptly on ghee days respectively the same sevaaUy _ 2. To pay all and singular the fazes, assessments, levies, liabilities, obligation: and incumbrances of every naturo and kind raw on said described property. ex that lveafter may behNm~,~ fem. ~by>~~ or armed thereon. or that hereafter may be levied or assessed upon this Mortgage, e>< the each and every. when due and pa bk, blare they become delinquent, and before any interest attachees ar an ty le incurred; and i as according to law, exi of record and the anginal offkial document -(wde any thereof is of record the same shall be promptly satidied and disc}wrg shall be laced in the hands of said as, for instance, the taz receipt or the satisfaction paper officially endorsed or certified) p Association as Mortgagee within ten days nest after payment; and in the event that any aEfectjsleis n~paid. ~ ~ ~~ S~ said Association may at any iime pay the same or any part thereof without waiving g Y PtiO under or by virtue of ibis Mortgage, and the full amount of each and every such payment shall be immediately due and pays k and shall bear interest from the date thereof until paid at the me stated in the note secured hereby and together with such inter- est shall be sexured by the lien of this Mortgage. 3. To keep the buildings and all equipment and personal property ~- or hereafter on said premises rnveread by this mortgage, insured in a sum equal to at kart the amount of the wortgage, a an amount sufficient to comply with any co-insur- ance requirement covering the same under the law: of the State ~ Florida, covering loss fmm both fire and storm, making the loss under said policies, each and every. payable to the Association, as mortgagee, as ib~ tt written ba a~~' andbaaid~lmsurance shall be in a good and responsible insurance company satisfactory to said Association, Y ~ g satisfactory to said Association: and the policy or policies shall bear a standard mortgage clause without contribution, and shall be bk undecr such or ies, the Association shall held by the Association, and, in the event any sum of money becomes pays PoW'Y ~ tp°iic~ it the mort a ors to have the o on to receive and apply the same on aooount of the indebtedness here .secu~. an ~n lie:n, or n hgunder ph without there waiving ~ Y al h', rexeive and use it, or any part thereof, far other purposes, by ,without waiving or affecting its and by virtue of this mortgage, and may place and pay for such insurance. or any P'^rt option to foreclose, or any right hereunder, and the full amount of each and every such payment shall be immediately due and payable and shall beszr interest from the date thereof until paid at the rate stated in the note secured hereby and together with such interext shall be secured by the lien of this Mortgage. . 4. To pemnt, commit, or suffer no waste, impairment or deterioration of said property. or any part thereof, and upon the failure of the mortgagors to keep the buildings on said property m good condition of repairand the failure o the mortgagors immediate repair of said buildings or the immediate repaymesat of the debt hereby secured, to a-mpiv with said demand of the Association for a perriod of Thirty (30) days. ~]~ constitute a breach of this mortgage, and, at tie option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the Association, immediately and without reline, may institute procxedings to foreclose this mortgage and apply for the appointment of a Receiver, as hereinafter providexl. 5. This mortgage contract provider for additional advances which may be made at the option of the association and secured by this mortgage, and it Ls agreed that in the event of sucL advances the amount may be added to the mortgage debt and shall increase the unpaid balance of the note hereby secrred by the amount of such advance and shall be a part of said note indebtedness under all the terms of said note and this o.rtract as fully as if a new such note anpred ~ ct we~ made for and delivered. M additional advance agreenee;nt may be given and ecooepted for such advance and m^Y different monthly payments and a different interest rate and other modifications of the contract, but in all other respects this central shall remain in full force and effect as to said indebt~. induding all advances. 8. If any of the soma of money heresin referred to lie not promptly and fully P^'d `°'i~'i° Tl'irty (~) ci^Y: nert after the same severally come due and payable, or if each and every the :tipiilatians, agreement, Sonditions, and covereants of said promissory note and this deed, or either, are not duly perfarned, compiled with and abided ,the aggregate sum mesntianed in said promissory note and an other amount or amounb added to the mortgage indebtedness under the terms of this mortgage shall become due and payabb forthwith ar tl~after at the option of the Association, a: fully and oompktely as iE said aggregate sum of money was originally stipulated to be paid on soli day. anything in said promissory note or herein to the contrary not- wetlutandeng. the t of all law- 7. To deliveK in the Association, on ex before March 15th, of each year, taz receipt: evider~cing payer hilly impcued taxes for the preceding calendar , ~ deliver to the Association receipts evidencing tW P^Yn°°nt of all liens for public improvemenb within ninety (90) days after the same shall become due and payable. aanndd to pay or discharge within ninety (90) days after due date, nay and all gcwe:omental levies that may be made on the mortgaged property. on this mortgage or note, ar in any other way resulting from the mortgage indebtexlnesa secured by this matgpRe.