HomeMy WebLinkAbout2576
n ::>'
I. ;'.
~:, ~
J30 U,;, t 4' i'3
\i,l,i1J[ l'_l~~r, !L^,
at all timl's p<"I('('ably and quil'lly tu enter upon, hold, ()('('upy am: t'njo)' saId LlI~d; that said laud is frt'':' from all eueumLran~'s;
tlut Ihl'Y will make ~u('h further assurances to r-erfed the fee dm 11e tllle 10 saul land III the Assocj"tion as ma~' reasonably Ill.'
ft',!uirl'd; and that they do hereby fully warrant the title to said bud and will ddeud the saell' agaillSt tIlt' lawful c1"illlS of
;;11 P',["lIIS wllllms(lI.'\'{'r.
I'HO\'(DED AL\\':\YS that if lIlt' ~I()fl~agors shall well aud truly pa~' Ullto the Asso{'ialion, the illdebtl'dlll'ss I'videllced
b',' Ihat cl'rtain promissory note, of even date herewith, made by the \Iorlgagors and payablt, to the A"ol'ialllln. il. till' prillcip,d
"lIn of EIGHT THOUSAND SEVEN HUNDRED AND NO/I00------~---Dolhrs ($ 8, 700. 00 l.
whicb uott', togt'lhf'r wilh intf'rt'st thereon as tllf'rt'in specified, is payablt, in monthly illSlallmenls of SIXTY -THREE
AND NO/I00--------------------------------------------------------------------
- - - - - - - - - - - - - -, - - - - - - - - - - - - - - - - - - - - - - -,~ - - - - -,~ - - - - - - - - - - - - - - - - Dolhrs ($
63.00
),
on IIll';] day of (',lch IIIOlllh l'lllllllll'lIl"ill~ with IVlay 5, 1963 which pavnlf'lIls
.Ift' to 1>1' 'lpplied, first'to inll,ft'st, and the balallce to principal, ulltil said indebtedness is paid in full, and shall perform, comply
with alld ahide by ('.Ich and every the stipulations, agreements, conditions and cov('nallls of said promissory 1I0te alld tllis
1I10rt~;I~l', And, inclllding any advances mad(' by the Association to the \Iortgagors, or tlll'ir successors in Iilll-, for any purpOSl',
at all\' limp he fo ft' the rd.':lse allll 1',lIlc('lIation of this mortgage, but at no time shall this mort gag.' s('c\Ire advances on a('(~)Unt
of said ori~illal 1I0tl' together wilh sllch additiollal advallces ill a SIIIIl III excess of EIGHT THOUSAND SEVEN
HUNDRED AND NO/I00---------------:-----f')ol\a~ ($ 8,700.00 ), pillS allv advallces
10 proted tIll' S('('mily alld CDstS, thell Ihis dl'('d alld the estate hereby nealed shall ('ease and 1)(" 111111 and void.
:\:\[) TilE \IOHT(;:\COHS DO hereby C,l\'enallt an(l agrce:
IIt'{'essan'
I, To pay all a!ld sillglllar the prillcipal alld interest alld olher SIlIllS of mOIl..Y IMvable by virtlle of said prol!llsson' IlOt<-
.tlld this III 011 gage, or either, promptly 011 Ihe days respeclively the sam,' S('\"{'rally cOll1e dill',
., To pay all alld singlllar Ih.. taxes, assPSSIlll'lIts, levies, liabilities, obligatiolls alld illclIllIblam'es of e\'('r~' nature al 'j kiod
1l0W Oil ',lid d,'scrihcd property, or that hereafter lIlay bc imposed, sllrferl'd, placed, It'vied, or assPssed tlt('rt'OIl, or that Iwrt'afkr
lIIa\' b" l,'\'it'd or asse"s,'d UpOIl this \Iortgage, or the indebtednf'ss sel'lIfl'd hncbv, (';I..h aOld I'\'ny, whell dll(' alld 1);\\",11.11',
.II"("'onlillL: to la\\', llt'foH' thl'\' btTOIll" d..Jillll'll'lIt, a!HI l>t'fore allv illterest all.ldll's <lr am' p,.oalty is illl'lIrn.d; alld illsofar .IS
,Ill\" tlll'H'of is of [(Toni thl' S.IIIII' sh;dl Ill' prnmptly s.ltisfi('d alld disch,ngl'.d of r;'l~)rd alld till' origilla! offil'ial d 0<.' I 11111'11 t (slllh
IS,' for illSLlIllI', till' t.IX n'Ceipt or till' s,llisbdioll p.lpn orfici,dh- l'ndorsed 01 cl'rtifil'd) sh..I1 1)(' ph('ed in thl' h:lIl<ls of s.Iid
',,,odatioll ;IS \Iort~Ig"I' withill t"n ,hvs 11..,1 aftl'r pa\"m"lIt; alld in tilt' 1'\"I'llt that allv IheH'of is nr,t paid, satisfied and discharg,'d,
'aid :\~'''j("i,ltioll 111,1\' at am' lillII' P,I\' tllt' S,IlIlt' or ;III\' p..rt tlwrt'of withollt waiving or affecting ,lIIV oplioll, li"II, t',!lIil\' or r;ghl
IIl1d"1 or I." \"irtlll' of this \Iort~,Il~(', alld tll<' filII am'''"lt of ",lI'h alld ('\'.'n' slICIt pavlI](,lIt sl,:dl I,.. imll\!'diat..l\' dllt, alld pavablt,
,tlld shall 1....lr illt"ft'st frolll th.. d,lt(, tllt'll'of ulltil paid at tilt' rali' stakd i!l tilt' Illlt.. "'('II[('d Ilt'r..J,,' alld tllgt'tlll'r wilh sllch illt,'r,
('st shall Ill' "Tllfl'd bv till' lil'lI of tltis ~Iortgagl' '
',. ':'0 J...,'.'p III<' bllildill~s and all 1" I'liplllellt alld p'T""I.d PI"llt'rl\' II()\\' or h,'reaft('r 011 said prl'lni,,'s ('o\(Ted h,' this
1l10rt~,lg(', ill'llred ill a SIlIll "II'I:.! to at Il'ast tilt' amollllt of till' rnortgag(', or an alll<lllllt sllfficil'lIt tll cornpl\- with allY CO'lI"llr,
,llll'" '" '1Ilill'1II1'lIt """ ('rillg ti... "Inlt' IlIHlt-r tllP laws of thl' Sta'" of FIllrid.I, l'O\",[II',~ loss f"'1Il hoth fire ;rlld st!lllll, lII;rkillg the
I, '" '"I<ln ',lid poli( i,'s, (',1("h alld '\'('1"\', luy;rhl., to tIll' ,\S\ol'i;rtioll, ,IS lIlort~,lg('I'. ,IS its illlt-r<,-,t llIa\' apl)(',lr, ;rlld s;rid illSllr;r1l1'1'
,h.dl I". III .1 C:lIl1<1 ,I!ld r<'spolISibl., iIlSllLIII("(' I'Olllp.lIl\" s"tisf;rdor~' to s,lid :\SS\lCi,ltioll, a III I writtell hy a resp"llsih],' IOl';d ;rgl"ut
,.lti,f.tctilr\" til ',lid ,\'"wi:ltiou; ;llId tilt, p"lic\" or polil'ies shall h..al a standard mort~,lgl' d:llls(' withollt "olltribllli'"I, "nd sh..I1 I...
Ldd j,'; llll'\sso,i.(!i,,,., ;rml, in tIll' ('\'('Ilt ;IIIV Slllll of mOtu'v hl'COfllt'S p;lv,lhlp IIllcll'r slll'h poli..y or polil it'S, till' :\'"wi:ili!lll "h,,1I
I "l\"(' tIll' "ptioll to r<T,'i,'" and appl\' thl' saJJl(' on :!Cl'Ollnt of the illcl(.htl'dlll'sS h"ft.II\' "'''lIrl'd, or tll p"nnit tllP Illort~,I~ors to
,,'(',.i\'!' ,1ll<11Is(' II, fir ,111\' p.1I1 thlT('of, for nth'r pllrpos('s, withollt th,,[('b\' w"iving or illlp;ririllg ;IlIV "ll"it", li"II, or right 1I11dn
,1'111 In' \'i,lll" flf II", IIIl1rl~;:g(', :llld ULI\' pla('e alld P,l\' fflr 'lIch illsllram'l', or all\' p,lIi tI,,'[('of, with'I\lt wai\'illg or "ifl'l'tillg its
',ptioll tfl f',n'I"I,,,,', fir a 11\' right hl'r<'llIlllt-r, aud th.. filiI ;1I1l01l1lt of 1',1("h ami I\'en' slll"h p.I\"IIH'lIt ,h,IIII)(' illllJlI'diat..ty dllt, "lid
i).I\ :d,11" a,,,1 sl"llIllI',lr IIllt'rC'St frolll tIll' d,ltI' tl...rl'of 1Illtilp;lid at th.. r.tl.. sLIti'd ill tl.!' lIf1t1' "'ClIrl'd hnd)~' aud togdll("r with
"1I"1t illt,'r,'s' ,h,.I1 I", "'I'\lfl'd 11\' thl' liell of this ~lortg.l,g(',
.1. TfI lH'nllit. e':llllllil, or sllff..r II<' \\",15te, illlp.llnlH'lIt or ddlTior.ltiou flf s,Iid pr\lpert~, or ,111\' p,.rt t1l1'reof, "lid lIp01l
IIII' hi),II,' lIf till' 1I1"ltg.lgors to b.l'p tl", hlltldillgs 011 s,lid propl'rt\. ill ,good COllditioll of rl'p,lir, the :\ssnciatioll Ill"\" d"IIl'"lll till'
I!lIllWrll.l1t- l'p,lir of s,lid 11IIildillg'; or th(. illlllll'dialt' [('P"\"II11'l1t of tht' ,It'ht hl"H'b." "'cllrl'd, alld till' f.lilllr.' of tl". lIlortgagor.s
to ,'o,uph \\'ith "lid d"fllllld of tIll' :\SSOl'i.ltioll for" pniod flf Thirt\" (:10) lLtyS, sh.dl comtitll!1' " h[(';lch of this IlIortg;lgl',
,Illrl, at till' optifln of tlIP Association, ifllnH'di"li'h' ""111111' tllf' "lItirl' :lllll'llIlt of prillcipal alHl illttTl"St Ilt'rl'h\' SlT\lft'd, alld tlIP
.\""l'i,llioll. illlllll'di.ltrly and wilhollt liIltit'l" Illay illStillltp pn)(,,'('dill'~s tll for,'t1os(' this llllltt~agl' ;llId ,Ipph- fllr 1111" appointllll'lIt
lIf ;1 !\.'{"('i\('[, as Ill'rl'inafkr provided,
.J, This mortl::,lge I'(mtr."'l providt's for adll1tional advaHl"I's which In,l\' be mad., at tlte uptiOd of the "ssoci"tion and
"'l"uwd In' tbis 1Il0rtgagl', ,lIul it is agreed Ihat in the en'l,t of such ,Idvallct's the amount m"." L;:' added to th" mortgagl' debt
""d ,hall illCle;ISl' thl' nnp:li(! 1l:ll.lIlc(' of thl' note herein' secured by IL- al:IlHlIlt of sllch :ldvallce ;lIld shall 1)(' a I',\[t of said
""te in(kbtt'<ln('ss under all tIll' krllls of said nrltl' alld this contract <:s fully as if a nl'W such note and cOlltr,l("t \\.'ft' ('x('("utf'd
,,,d d"li\"'Il'll. :\n ,Iddition.ll ad\',lncI' :lgll.t'lllent may b" gin"n and accq;ted for soch advallce and provisioll llUY Ill' nl.ldl, for
diff(.ft'llt Illontlilv P,l\lIU'lIts ,:IIl! a different intt'Tt'st r.ltl' an,1 other express modificatiolls of the contract, but in all other n"I"'("\s
Ihis contr.wt ,11.111 ft'II1.1in in f,,1I forcl' "lid cffccl ;IS to said indebtedness, inclllding all advances,
0, If an\' of the SUTllS of money hell'in referred to be not promptly and fulh- paid within Thirt\. (:10 I days Ilnt afkr
tllt' s.mH' sl'\"('r.1I1:; ,,'me rllIC ;\Ild pav,lble, or if e.lch and evcry thl' stiPUlatiOIlS, a,~rl'I'ml'nt, conditions, and COV"!Llnts of s,rid
rromissory no!<- and thi~ dl'c.!, or eilher, arc not duly l)('rfoTmed, cOl11plied with and abi(ll'd by, the aggregate slim mentiOlH'd
in said promissory note and anv olher amollnt or amounts addf'd to th.. l110rtg.lg(' illdebtedness uJl(Jpr the tl'fIllS of this mortg'lt.;('
shall becolllt' dll" ;llId panble forthwith or thcrpafter at the opti'lll of the Associatioll, as fulk and completel\' as if said aggrt'~at"
Slllll of 1ll'''ll'V W,IS origillallv stip"!:'lI'd 10 be paid on such da\', anvthi!l~ in said promissorv note or hl'tl'in tn th[' contr.lI\" 1I0t,
withstanding, ,
-;, To deli\t'r to th,' :\ssociation, Oil or before ~!.trcl, 1.'5th, of each ye,lr, tax reccipts evidencing the payment of all 1.1\\-
fnllv iml~o":d LIXI'S for th.. I'It',('('ding ('.II.'nl~ar year; to deliH'r to thl' Associatiun receipts evidpncing llll' IXIYl11ent of al1 lil''.lS
for pub IC IIllprO\l"Itll'nts WithIn !lllll'ty (9{,) days after Ihe same shall hccflll]{' dlle and paY,lble, and to payor discharge wltllln
"lTwt\' (UO) days aftt'r dill' dalt', any and all govl'nllnentallevies that ma\' be made on the lllortg,lgl'd PIllP{'rty, UII this mOltgag.,
lIr notl', or in an~' otlll"r W,IV rl'sulting frolll till' mortgage ilHlphtedness Sl'cllft,d by this mo;lgag('.
'?'
i
i~
.J
."..~
__~_. '"" ^""' _""'-"'~ _ ____v_. _