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Home My WebLink About0845) P. 4 BOCK ~V YAGE.t~~ S ~ . ~ cICiE C; l'N; 7, Fi. ti . at ail times p~aoeably and quietly to enter upon, hold, ~ec~py and enjoy said land; that Bald land Is tree front alt encumbratrces; that tl'~eyy will make such futther'aastuartc?ds to p~l~~t the fee dmple title to said land in the Association as may re,~tsonaltly tx' recjuired; end that they do hereby fully wamint the title to ssiid land and will defend the same against the lawful claims of all persons whornscever. .. - PROVIDED ALWAYS that if the ltiott agora shall •.vell and tatty pay tmto the Association, the indebtedness .vidaneed by that certain promissory note, of even date ~erevvitlt, made by the ~inrtgagors and payable to the Association, in the princilttl 2 000, sum of .T«7Q..`~~QUt`~..~~.D-A~'D_~Q~100--_-_-_--_~---_-.-.--_-----_-_---___.-----.' Dcltars ($ ,- _ ). which note, :ogether with utterest thereon as therein specifiers, is payable in monthly installments cf TW~~T'~Y And - NQ/100---_-_----------------_--_--_-_---.----.-_----_-,--_-_--.-----.--_------_--_ -----_---_-_---_-----~-------- n ( 20, o ) - ---------------------------------------_--_-------_'. otters $ --- - ---- December_F,_-_1962,_______,_____-__ ..which payments on the- ...--~ --..-- --- day of each month commencing with.-._-- -- -------------------- --- - - -- are to be applied, first to interest, and the balance to principal, until said indebtedness is paid In full, and shell perform, comply with and abide by each and every the sti ulations, agreements, conditions and covenants of said promissory note and this mortgage, And, including any advances made by the Association to the Mortgagors, or their successors in title, for any purpose, at env time before the release and cancellation of this mortgage, but at no time shall this mortgago secure advances on account of said original note together with such additional advances in a sttm in excess of._TVYQ__T.~C?~~A1D_ AND_ NO [_100 ---------.----.----------------------------- Dollars (t. 2,.C?OC!._00 --). plus any advances necessan• -- to protect the secruity and casts, then this decd and the estate hereby created shall cease and be null and voi . AND THE MORTGAGORS DO hereby covenant and agree: 1. To pay all and singular the principal ar.3 interest sad other sums of money payable by ~rirtue of said promissory note :.nd this mortgage, or either, promptly on the days respectively the same severally come due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described property, or that hereafter may be imposod, suffered, placed, Levied, or assessed thereon, or that hereafter may rte levied or assessed upon this riortgage, or the indebtedness secured hereby, each and every, when duo and payable, according to law, before they ltecome delinquent, and before any interest a!taches or any penalty is incurmd; and iruofar as any thereof is of record the soma sltnll be promptly satisfied and discharged of record and the original official document (suc•h as, for instance, the tax receipt or the satisfaction paper oificiaily endorsed or ccrtiried) shall be placed in the hands aE said Association as \iortgagee within ten days next after pa}•rrtent; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any time pay the same or any part thereof without waiving or aEfectin any option, lien, equity opt riY`~ht under or by virtue of this ,tortga~te thereof until aid at the rate s ratedrryrt the no a secured h~ebyt u i tagetlieriwitht schemers artd shall bear interest from the p eat 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 premises covered by tlris mortgage, insured in a sum equal to at least the amount of the mortgage, or an amount sufficient to comply with any cot-insur- ance requirement covering the same under the laws of the State of Florida, covering loss fmm Moth fire and storm, making the loss under said policies, each and every, payable to the Association, as mortgagee, as its interest may ap~ncar, and said insurance shall be in a good and responsible instuance company satisfactory to said Association, and written ~by a resp~o°nsib]e local a eat satisfactory to said Association; and the policy or policies shall bear a standard martgage claase without cctntr~bution, and shall t>e held by the Association, and, in the event any sum of money becomes payable under such policy or policies, the Association shall have t}te o Lion to receive and apply the same on account of the indebtednessa hereby secured, or to permit the mortgagors to receive and use it, or any part thereof, for other purposes, without thereby waiving or impairing any equity, lien, or right under and by virtue of this mortgage, and may place and pay for such insurance, or any part thereof, without waiving or affectinu its option to foreclose, or any right hereunder, and the hill amount of each and every such payatent shall be immediately due and payable and shall bear interest fmm the date thereof until paid at the rate stated in rho note secured hereby and together with such interest shall be soared by the lien of this Mortgage. ~. To permit, commit, ar suffer no waste, impairment or deterioration of said property, or any t :rt thereoF, and ulrtn the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand tl_e immediate repair of said buildings or the immediate mpaymer.t of the debt hereby secured, and the Failure of the mortgagors to comph• with said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage, and, at tote option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the Association, immediately and without notice, may institute proceedins to foreclose this mortgage and apply for the appointment of a Receiver, as hereinafter provided. 5. This mortgago contract provides for additional advances which may be made at the option of the association snot secured by this mortgage, and it is agreed that in the event of .;itch advnnees the amount may be added to the rrtortgnge debt and shall increase the unpaid balance of the note hereby secured by •the amount of such advance end shall lie a part of said note indebtedness under all the terms of said note and this contract as fully a3 if a new such note and contract were executed and delivered. An additional advance agreement may be given snot accepted for such advance and prevision may be made for different monthly payments and a different interest rate and other express modifications of the contract, but in all other respects this contract shall remain in full force and effect as to said indebtedness, including all advances. 6. If any of the sums of money~hereirt referred to be not promptly and fully paid ~vithIn Thirty (30) days next after the same severally crime due and payable, or if e;rch and every tho stipulations, agreement, conditions, and covenants of saki promissory note and this deed, or either, are not duly performed, complied with acrd abided by, the aggregate sum mentioned in said promissory note and any other amount or amounts added to the mortgage indebtedness under the terms of this mortgage shall become due and payable forthwith cr therN,after at the option of the Association, as fully and completely as if said aggregate sum of money was originally stipulated to bs paid on such day, anything ?n said promissory note or herein to the contrary not- withstanding. 7. To deliver to the Association, ort or before Aiarch 15th, of each year, tnz receipts evidencing the payment of all lass•- fully° imhased taxes fur the preceding calendar year; to deliver to the Association r~~eipts evidencing the payment of all liens for public improvements within ninety (90) tlaya after the same shall hc~come due and payable, and to pay or discharge within ninety (>)0) days after clue date, any and all governmental levies that may be made on the mortgaged property, on this mortgage or note, or in any other way resulting from the mottgago indebtedness secured by this mortgage.