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HomeMy WebLinkAbout1996 _.;..;"i":.:'~"4:~"';";'~ :, '1- ~.~...--~- . . c. ~ ~ - ~..~~_..._~.......-_""""':.....~...o.....,_':"'~__- .----~.........~ ~- - ......: .;....:. . n. W: 59 .80:~. . .. r~(,f 593 sr. LUlie C0LJ'''TY' , .~ ..1.--.... '. '. oJ" 4 tLA - ..~ I at IU times peaceably and quietly to ClGhlr upoo. bold, occupy .nd-~joy "i:Ud land: lb.t said land is fret1 from all encumbrance:t; thAt they wiD make such fUnMr UIUIUK'eI to ~ the fee limple title ro said land m the Aucocllltlon as may re.<lJOnably he requ.lnld'; apd that they do befeby fuHy wanut the title .to laid land and will defend tho same against t~ lawful claims of all persona whomsoevet'. . . PROVIDED ALWAYS that if the Mortgagors shall well and truly pay unto tho AssOciation, the indebtedness evidcnce(l by that certain promissory note, ol even date herewith, made by the Mortgagors and payable to the Asscciation. in thl' principal sum~ Ji' _.r~~.T~.QQ~~. ~~g~r.~~n~w~~p'.'~\@H:NQ1J9.().':".~.~.~.,:,.~~- -~~.~Dollars ($ 10,800.00), which note, together with interest thereon as therein specified.. is payable in monthly installments of SEVENTY -: EIGHT . . AlIlp..r~'Q!1.()9~.-':'. ~.-:.':'..~.~.-: ':'.~.~ .-..-.-' -_ -.-:-: ':""~~~H~ -. -'.':".-' -: -':-.-.-' -:.':" .':' -: ':".':' -. :-:.- ~ ~.-: -.. -'.- - -. -. - -. ~- - - -. - - - - - - - - - - - - - - - -,.. - - - ~ ~ -.~."': ~ - - ~-~ ~.~~~~.~~--_:-.~.~..-:- :-:.~ .~.~.-:-.~-~~- --~. .~~~~~.~.~..~.~.~-~_:-:.-:--:-_~.~-~.:':"_~.~-~~ -:.~_-:-..~-~-~.-:-. ~ ~ - - - - - - - - ~ - - - -- -:-. -:.:-.-:-:- ':-:-.-:- -:.:- -:--::-:: .-:-.:: .:--:-.:-.:- .:-.::'. ":.::.":"":.:- .":': :-.:-~. ::.:-.:-.:":'. - .::.":'.':"'.":'::. :-:-:":'.::.":' .":'. -.:- ::.- -::.:-.":':-.:- :-. ":'.:-:-. Dollars ($ 7 8, 00 ) , on tho. .... .. ~Q......day of each month commencing with.. H .................!.\P~g..~.QL}.~l).~....... ........ ,.. ,vhich payments are to be IIpplied, first to interest, and the balance to principal, until said indebtedne" iJ paid in full, and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promlswry note and this mortgage.. And, includ;"l~ any advlnceIt made by the Asroclation to the Mortgagors, or their successors in title. for any purpose, at any time before tho It'lea.se and cancella.tion of this mOltgage, but at no time shall this mortgage secure advances on aC<'Ount of said original note together with such additional advances in a swn in excess or....'J'EN..'J:'flQtJ.~.ANP..E.:J9IIT .RUN- P~~QANP..NQlJQ().::-:.,:,..':: ::-:':'..':-.:::.':'n':'.::::::.:-.':'.::-:.:-_':'.:::.:.~.-'.__.::-:":'::-:.~~lIars ($ lO~.139Q.. ()() ..), plus any advances necessary to flroted the security and costs. then this deed and the estate hereby created' shall ceaS(' and be nu11 and void, AND THE MORTGAGORS DO hereby cov~ant and agree: 1. To pay a!l and singular the principl\l and interest. and other sums of money paya'ole by virtue of said promissory note and this mortgage, or either, promptly on the days respechvely tho same severally come due. . 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations ann incumbrances of every nature and kind now on said described property. or thAt hereafter may be imposed, suffered. placed, levien. or assessed thereon, or that hereaftl'r may be levied or assessed upon this Mortgage, or the indebtedness secured hereby, each and every, when due and payable, according to law, before they become delinquent, and before any interest attaches or any penalty is incum:'d; and insofar as any thereof is of record the Slime shall be promptly satisfied and discharged of record and the original official document (such as, for instance, the tax ~eceipt or the satisfaction paper officially ~ndorsed or certified) shall he plact'<l in the hands of sairl Association as Mortgagee within ten days next after payment; and in the event that allY thereof i~ not paid, satisfied and discharged, said Association muy at any time pay thc same or ..ny part thereof without waiving or affecting any option, lien, e<luity or right under or by virtue of this !\fortgage, and the full amount of each and every such payment shall he imml.'diately due ami payahle and shall bear interest from the date thereof until paid at the mte stated in the note secured hf>rehy and ;,)getlll'r with such inter. est shall he secured by the lien of this Mortgage. 3. To keep the buildings and ail equipment and personal property now or hereafter 011 said premises cllvl'red b:: this mortgage, insured in a sum equal to at loost the amount of the mortgage, or an amount sufficient to comply with any co.illSur. ancc requirement ('Overing the S<lmo under the laws of the State of Florida, covering loss fwm both fire and storm. making thc loss under said policies, each and every, payahle to the Association. ,15 mortgagee, as its interest may appear, and sa ill insurancc shall be in a good and responsible insurance company satisfactory to said Association, alld written by a responsible local agent satisfactory to said Association; and the policy or policies s!'tall \Jear !l standard mort~age clause without contrihutirlll, and shall Iw held by the Association, and, in the event any sum of money becomes payable under such policy or policies, the Association shall have the option to receive and apply the same on accollnt of the indebtedness hereby secured, or to pennit thl' mortgagors to rl.'ccive and me it, or any part then'of, for otl:er purposes, without thereby waiving or impairing any e<plity, lien, or right under and by virtue of this mortgage, and may placc nnd pay for such insurance, or any part thereof, without waiving or affecting its option to foreclose, or any right hereunder, and the full amOlmt of each and every such payment shall be immediately due and payable and sh:lll bear interest from the date thereof until paid at the rate stated in the note secured hereby and together with such interl'st shall be securro by the lien of ,this Mortgage. 4. To permit, commit, or suffer no waste, impairment or detcriomtion of said property, or any part thercof, and l'jXJlI the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand thl' immediate repair of said buildings or the immediate repayment of the debt hereby secured, allll the failure of the mortgagors to comply with said demand of the Associ.1tion for a period of Thirty (30) days, shall constitutl.' a hreach of this mort~age, and, at the option of the Association, immediately mature the entire m..onnt of principal and interest hl.'rebv secmed. and the Association, immediately and without notice, may institute proceedin~s to foreciose this mortgage and appl\' for the appointment of a Receiver, as hereinafter provided. 5. This mortgage contract provides for additional advanl'CS which may be made at the option of the association and secured by this mortgage, and it is agreed that in the event of such advances the amollnt may be added to the mortgage debt and shall increase the unpaid balance of the note hereby secure a by the amount of such advance and shall he a palt of said note ind~btedness under aU the terms of said note and this contract as fully as if a new such nele and conk-act were execlIted and delivered. An additional advance agreement may be given and accepted for sllch advance and provision lIlay be made for different monthly payments and a different interest rate and other express modifications of the contract, but in all other rC'spC'ds this conlr:1ct shall remain in full force and effect as to said indebtedness, including all advances, 6. If any of the swns of money herein t-eferred to be not promptly and fully Paid within Thirty (30) days next after the same severally rome due and payabll!, or if ear:h and every tho stipula!ions, agreement, co:uiitions, and COVl'nants of Solid promiss.:>ry note and this deed, or either, are not quly performed. complied with and abideO by, the aggregate sum mentioned in said promissory note and any other amount or amounts added to the mortgage indebtednessund 'r the terms of Ihis mortgagt' shall become due and paY3ble forthwith or thereafter at the option of the Association, as fully and completely as if said ag~regatt' sum of money was originally stipulated to be paid on liuch day, anything in said promissory note or herein to tl](' contrarv not. withstanding. , 7. To deliver to the Association, on or before March 15th, of each year, tax i€ceiplS evidencing the payment of all law. fully imposed taxes for the preceding calendar year; to deliver to the Association receipts evidencing the paymeiit of all liens f~, public improvements within ninety (90) days after the same shall become due and payable, and 1.0 payor clisc:harge within nmety (90) days after due date, any and all govemmentallevies that may be made on the mortgaged property, on this mortgage' or note, or in any other way resulting from the mortgage Indebtedness secure<l by this mortgage. .. o ,0.. . . ~'''''-- _...~-...- ---"-~_..--~ :"'-""":,?",~..,..-..."",,""," --- .-----.... .....- -~-"-'-- --~"""""",~,--,-"-,.""",,,,,,,-------,,,,-,,,,----,,,,,,,,,-,,,,,,,,, "