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HomeMy WebLinkAbout2580 0"P~ ~'J r EO \ ~IJt 4'17 " r -', L,' y ;- L l '_ l~ I{ ,,' 'w n I ~.'" f\. .It all tillll'S I)('"ct'"bly and quietly to enter uIXln, hold, occupy al~d enj()~: salll la,~d; that ~aiJ land is .Ere:; from all {'llcumbnuH.'{~s; Ih"t thl'\' will make such further asslUances to perfect the fee lIlmple title to saul land 111 the ASS()(,latlon as may reasonably 1;(. rt"!llIrt'li; and that they do hereby fully warrant the title to said land and will ddend the same against the bwful claim<; of "II ('<T"l\" \\ l:1l\nSOi.'\'l'r. I'HO\'IDED AL\\':\ YS th"t if the ~Iortgagors shall well- and tntly pa~' unto the .-\sso{'iation, till' indebtedness evidellced b\' th,lt ct'ltain promissory note, of even date herewith, made b\' the ~Iortg<\~ors and paY,-lble to the Association, in tl... princilu! SUlll of TWELVE THOUSAND FIVE HUNDRED AND NO/100-------- Dollm ($ 121500.00 ONE HUNDRED ), whidl 1I0tt'. togl'ther with inlerest thereon as thewill sp,:'rified, is p.ly,,),lt, i.. monthl\' installmellts of AND NO/100------------------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------- DoILies (S 100.00 ), Oil till' 9 Ibv of each nHlllth n,mllll'neillg with _ i.\lay 9. 1963 which p"yml'lIh are to ),e .'pplit'll, first'to inkrest, and the I~alanc~' to principal, unlil sai',1 ,indebtedness is paid in fu~l, and s?all perfoml, comply with and abidl' bv e.lch and eVl'ry till' StlpulatlOllS, agreements, cone!ltlons [lnd t~Jven<lnts of said prumlssory Ilote .md this murtg,lgl', An(l, in'duding any a(h'ances m'1l1e hy the Ass()('btion to the ~Iortgagurs. or their SlIcct'ssors in title, for any purpose, at anv time hefore the rdeast' amI cancdlation of this mortgage, but at 110 lime shall this mortg'lge seellre advances Oil a('C~lIInt "f s.lid mi~inal no!e to~etlH'r with such additional advances ill [l slim iilexcess of T\VEL VE THOUSAND FIVE HUNDRED AND NO/100--------------:---_-- Dollars (~ 12,500.00" pins anv advances Ilecessarv to proll'd the ,t'C'uritv and costs, then this deed [lml the estate herein' (T('atl'd sh,lll cea<;e and he lIull and void, :\:'\D TilE ~IORTC:\CORS DO hneby c"venallt and agree~ 1_ To pa~' ,Ill and singular the principal and interest alld other SIlIllS of money payable by virtue of said promi<;sor\' noll' ,IIHI this TIIortgag~" 0, ~'ither, promptlv on the (lays rcspt'ctively the saml' severally come due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligatiom aile! incumbrances of every nature ane! kind Il<'\\" on ,.Iid d{'wrilH'd pro()('rtv, or that hereafter lIIay be imposed, suffered, placcd, levied, or ass('s<;ed thercon, or that hewafll'r Ill'''' Iw !t-\'ied or aswsst'd UIXlII this ~Iortgage, or the indebtedness s{'eurcd k'reby, each amI every, when due aud p,"',lbk, .,n:ording to 1.1\\. befon' they ),ecOllll' delinquent, .Iud hdorl' allv iuten'<;t attaches ',r ;tIlY pellalty is incllrred; ami ilLsobr ,I' .111'0' thl'r('of is of rt'l"llnJ the "1I1lt' 5h,,1I 1)(' proJllptly satisfied ane! disdurgt'd of r~'(~Jrd aud tIll' original official dot:lJllH'nt (such 1< for iUS!<lIWI'. the I.IX rt'("('ipt or tIlt' s,lti,f.ldion p.l))('r offiei:dh- elldorst'e! or certificd) sh,,1I 1)(' pla( t'll in the hands of s"id :\ssociation .IS \lortglgt'e witllin tt'n d,,\'s nnt after paYJllent; and ill the event that allY therl'of is not paid, satisfil'd and discharged, said ,-\. \(lci,ttioll Ill,':' at atl\' tiIllt' p,,~' tht' S.IIIII' or <lny part tlH'rt'of withollt \\aivinl'; or affccting ,IIlV optiOll, liell. t'qnit:. or right llndt'r or 11\' \'irt'It' "f tl,is \hrtg.'gl', and tIlt' lull anlll\llIt of e.,eh and e\'ery sllch payment sl.all 1)(' imllH',Ii:Ill'h' dllt' and IM\'able <lnd sh,dl I" .Ir illtnt',l from tIlt' dall' tlwreof IIntil paid at thl' Lltt' st.lkd in tilt' Ilotl' QT'lll,d Ill'r..!,:- 'lIld to~dl11'r with "Kh illtt-r- I'q ,11.111 I", "'IlIll'd hv the lien of thi~ ~Iortgage, ',. To keep tIlt' !'llilding, and all I'quipllll'nt and person,d Ilrll(ll'II\' 1I0W or heH'.lftn on ,aid pH'miSt's to\'{'red I". thi, Iilort~"gl', illSlIl..d in a Slllll t'(lu,.! tll at least tk.. allHlllllt of the Illortga\!,t', ur an alllollnt sllfficil'nt to cOlllpl\' with 'lI'\' co-illsur- .1I1lT f( 'lUill'lIIl'llt ('{)\erillg tIll' S.lIlll' ulldn the laws of the State I,f Flori(b, l'O\"l'ring los, frplIl hoth Lre ;lIId storlll, Inakin~ thl' J,,,, 1l1ltkr ".i,l poll' i,'" ('"ell alld (\'{'n', IH\'ahl" to thl' Associatioll, .IS lIll>rlg,Igl'e, ," its illtt-rest ma\' appt'ar, alld said insllral1('t' ,11:dl lw in .1 ~,,"d '''Id n'sptlllsibll' illsn!.llll"l' Cl1lllP,IIlY satisfactory to s:lid Associ'ltioll, alld writtell by II respollsihle IIlcal agl'nt ',lti,Lldll'" to s.lid :\ss()( i,d;oll. ,lIId the policy or p"licies shall beM a stalHLnd lIIortgage ..t,nlS" withuut contllhlltiol', and sh,d' lit' ),,'ld 1,\, till" ,\,,,,,,i.ltilln. ,'lld. in the ('\'ellt allY Slllll of mOIl{'y be('omes pa\',,!'le 1I1Hlt-r snch policy or policies, tlle ;\"oei.llion shall ILI\'{' till" "pti'lll t" \l'(,..i\'O' alld apply thc s:\Ine Oil ;(c('ount of the indehtedlless herl'by ""(,lIrnl, or to p,omlit the ",ortg,lgors to ",,,,'i\'l' .llld II\(' It, or ,lilY p,.rt tl\l'Il'"f, for otLer pllIjX1Sl'S, withollt thereby wai\'ing or imp.lillllg '1I1V I'quity, liell. or right llllder ,<'Id 1)\' '.-iItI,," Ilf Ihi, 1I1"rlg,I~(', '''Id IlUY pLtCl' 'Ind 1"'\' for sueh illSlILlTll't', or any p.llt thereof. without waiving or affl'dillg its "l'li"ll I,I f"rn,j"s.-. or 'lI'~' right ht'rt'uIHkr, .llld th,' f"lI alllOU1l1 of {'"ch alld l\-C'ry slIch paY'lIcllt slull be illlllledi,lt..Jy due awl ;'''\',11,1< .tI,,1 ,haUlH'..r inll-r..,st frllln tilt' (Lttt' theH'of ulltil p,'id at tl\{' LIlt. st.ltl'd ill tl.l' Ilok "'CUII'd h~'rl'b~' alld togdllt'r wit It "wI. i"kn.,t ,I. dl 1)(' ""(,lllt,d hy thl' li,'n of this ~fortg,lge. I. To p,'nnit, 1't:IIllllit. or suff,'r Ill> ,,",ISh'. imp"irllll'llt or dd..lIoLlli"ll of s.lid propcrt\", III .IIlY p.lrt t111'lcof, '"ld IlpOIl IIIl' f.1I11l1{, "f tIll' ",,"tg"l!llIS to kl'('!' t!:l' huildltl,l!s Oil said propl'rl\- ill ,~o{)d COllditioll of f(']J.lir, the ,-\ssociatioll ma\' dellland tilt' illtllll'dl.Il., rqui! "f said buildings or the irnnH'diate repaYml'nt of the debt herd,\' st'C\!rl'd, ane! tl1l' LtihlH' of tIlt' illortgagors til c01l1ph' \\ith s,lid dem.lIld of tIll' :\ssoci,ltion for a pl'liod of Thirty (~1()) da:..s, shall cOllstitute a hre.lch of this IIl0rtgage, ;,nd, at tIll' oplion of the ,-\ssociatilll;, iITllnl'di.ltl'!~' lIlatlllt' lilt' entire ,Inlount of princip,d al\(l intl'rest herein' selured, and the \ssoei,Itioll, immediately and wilhont notice, mOl\' illstitute procl'('dill'~s to fOr('dos{' this lI111rtgelgl' and .lpph- fllr tIll' ,'ppl1intllll'nt of a 1\t'u'i\lT, :IS hl'leinaft,'l provide,L S. This mortgage l"ontrell"t provides for addition,d advanl'l's whi..!. lIIay he mad., at tIll' option of th,> association and s('cun'd b\' tillS mortgage, ;l1ld it is agreed that in the e\'ent of such ,Il1vancC's the amount lllay he added to tIll' mortgage d('bt allll shan inCrt',IS\, th\' unp:\i,[ ha!.tnce of the lIote herein' secured b\' tlH' amoullt of such <ldvance amI shall Iw a pelrt of said lIo:e in(!t-htn!lIn, IInder all th(' terms of Slid note aJl(1 this L'ontract as full v as if a new sllch nole :Illd contrael \\('re C\('('uted ,lid dl'!i\"'IT(:, ,\n additional alh'.llllT agr(,l'lIH'lIt lI1a~' be ~i\'en and accq;ted for such advance and provision ma\' Ill' lI1e1de for dJfft'lt'nt month]., (',Ivllll'nts "lid a differcnt inkrest rate and other express modifications of the contr,lct, but in ,dl other respeels Ihi, contuct sh,dl r('mail' ill f'lll force ;.nd ('ff('el as to selid inr!ebtl'dness. including all advances, 6_ If al,:' of the sums of money herein rderr('d to be not promptly and full~' paid within Thirty (:10} days n(.~t :Iffl"r th(' ",me sen r.dl\' {,>me dill' ;l!ld p.IY,lble, or if ('.Ich and every th" stipul.ltiolls, a~n't'm('nt, conditions, 'lIld CllV('ILlIltS (Jf "lid prllmissorv note a!H1 thi< decd, or either, an~ 1I0t July perfomlcd, complied with and ahided by, the '\ggregall' sum mentioned in s,lid promi<sory note and an\':JthC'r amount or [llllOll!lts added to the mortg,lge indebtedness ul\lkr the terms of this lllortgagt' shall hecomp du(' 'lIld p>lnble forthwith or t",'~:'aft{'r at the option of the Asso('i'ltion, as full\' [lnd completel:' as if said aggrl'g,ltt' Slilll of nll'lIe\' W,I<; origin,d!y stipilhted tn be paid 011 such day, all\,thing in said promissory note or hCH'in to tl\[' e(JlItrarv lIot- withstanding, ' -;, To ddi\"lT 10 tIll' Associal!on, Oil ur hdore ~larch lSth, of l',lch vear, t;.~ receipts evidellcillg the pa:'mellt of all Ia\\. fully illJp())ed l:nl'S for the prceedillt.; c,d(,lIdar ve>lr: to deliver to tk. Assuciatiun receipts t'vide-Ileillg the pay"wnt of all liens for public impro\Tnll'nl<; within ninety (90) d:l\'s after the Sclme shall become dul' and pa\'able, and to pay :lr discharge within !lind\' (90\ davs after dul' datI', :lny :lmI all govC'rIIml'ntallevies that mav be meldl' on the lIlortg,lged property, on lhis m,"iga~t' or lIOlt-, or ill an\' other way fl'Slllting from tIlt' m'>rtgagc indehtnllH'ss St'C'ufl'd hv this mortgagl', 1" }, ... '"" J '-- ~ ~ - + _.~~..._ _"__ _ _-: -~. a -.." ""-;. ~