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Home My WebLink About0597 . at all tltnetp~oeably ~ad quiedy bo aabec upoq laW, aad mjoy ta~d ]and; th~t svd Lnd is b+es from a11 aaet~mbnnoa: i ~ tbat they vviU m~lce aoh furt~ asnaat~oa ~ perfed dis dmpis tftls Lo ~d Lnd ia tbe A:aodatioa u m~? re~sonably bs ~ m c ~ ulr~ed, aAd ~ do Lereby fullp w~rrant d~s tltk M taid 4nd aod will defeod the saa~e against the wfut cLims of j P~ ~ PROVIDED ALWAYS tl~at if the Moctgagors stwU well and truly pay uato the Assoclation, the iadebtedness evida~oed by that certain pmmissory notq of even dste tiaewitb, mads by the Matgagars and psyable to the Assoctatiao, in the princip4l . ~---.SEVEN_THOUSAND THREE HUNDRED AND.NO/100_----_ po,~~n 300. 00 ; which note, together with interest tl~ereoc? as therein spec~fted, is payabk in moathlp installments of-. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~.~~~~~~~~~~~~~~~~~~~~~.~~~~~~~~~~~~w~~~~~~~~~~ ~~~~~~~~~~.~~~~~~a.~~~~~..~~~~~~~~~~~~~~~~~~~~~r~~~~~~~~~r~r~~~~~~~~~~~~~~~~~~~• FIFTY-FOUR AND NO/100 54. uu - (i. on the._. _2~.--._._..day of each maath oommeacing with---•--- Februa~0~,,.186.____4i.._._ whicb P~Ym'a~b are to be upplied. first to i~,terest. and the balanoe to prIac[pal. untII satd iadebtedness+is paid in fuQ and t~aII pesfam, ~ with and abide by each and every the stlpWatia~s, agreements, coaditions and coveaants of said p~+omis~oey noee aad uwrtga8e. Md, includiag any advanc~es made by the Assoctatlon to the M~tgagor:, ar tLeir suoceasors in titley fa anY P~uP~~ at any eiII,e before~tha rekase and canoelladon of this mortgage, but at no time shall this moatgage secsu+e advai?oes oo aooount SEVEN THOUSAND of said original note together with such additional advancea ia a sum in excas of_~.~__w_____._ _ _THR.EE HUNDRED AND NO/100 7 300.00 - - --.-------novars ca----__ ~ ~us aay sa,?gnces nec~ary to protect the security and costs, then this deed and the estate hereby created ahaU cease and ba null aad void. AND THF. MORTGAGORS DO hereby cvveaant and agree: 1. To pay all and singular the prinripa1 and interat and other sums of m~ey payabk by virtue af said pcrnaisswp uote ~ and this mortgage~ or either, promptly on the days respectively the same severstlly come due. 2. To pay all and singular tbe taxes~ a~nents, lavles, liabilities. obligations and ineumbrances of nat~re and kind , naw on said described prnpecty, or that hereak~r may be imp~~, suffered, plaoed, kvieci, or ass~ued t6ereon,~ r that hereaker ; may be levied or ass~sed upon thii Mortgage, or the indel6tedness sec~red he~+eby, . cach and every, whe~? dae aad paysble, ~ aa~~diag to Iaw~ before they beoome delinquent, and befor8 sny interat attacbes or any is aicurred; and insofar as i aay thereof is of record the same s1~a11 be promptly ratisfied and discharged of record aad ~ginal official documeat (such as, for instance, the tan reoeipt or the satisfactioa paper officiallX endorsed or certified) shall 6e placed in tbe hands af said Association as Mortgagee within ten days neut after payment; and 'u? the event that any thereof is not p~id, aatisfied and discharged, said Association may at any time pay the same or any pait thereof without waiving or affeeti~ig any option, lien, equity or right ~ un~r ~ by virtue of tbis 1?iortgage, and the full amount of each and every such payment shall be immediately due andpa yable I? and shall bear interest from tbe date thereof until paid at ihe rate stated in the note secureci hereby and together with such inter- est shall be secured by ihe liea of ilris Mortgage. , , , ~ 3. To keep the buildings and all equipment and persona! property now or hereafter on said premises covered by this ' mortgage, insured in a sum equal to at teast the amoucit of the mortgage, or sin amount sufficient to comply with any oo-insur- I;' anoe requirement rnvering the sarae under thc laws of the State of -Florids~, eovering lou fmm both fire and storm, making tha loss under said policies, cach and every, payable to the Association, as mortgagec~ as its ioterest may appear, and said insurance shall be in good and responsible insurance oompa,ny satisfactory to said Association, and written by a e bcal agent satisfactory ~o said Association; and the policy or policies shall bear a standaid mortgage clause .vithout caitri tion, and shall be held•by the-Association~ and, in the event any snm of moriey becomes payable under such policy or policies, the Association shall have the ophon to receive and apply the same on accwui?t of the indebtedness hereby secured, or to permit the mortgagors to ~ receive and use it, or any psrt thereof, fqr ot~cr pur~oses, withqut thereby waiving or impairwg any ec~uity, lien, or rigbt under ~ :?nd by virtue. o~th}c modgage, and may place and pay for such insnrance, or any pazt thereof, without waiving or affecting ib option to foreclose, or any right hereunder, and the full amount of each and every such payment shall be 'unmediately due and ; payable and.shall l~ear interest from the date thereof until paid at the rate stated in t6e note secured hc~eby and together with ~ such iatcrest shall be secumd by the lien of ~his Martgage. , ; ~ 4. Top~ t, commit, or suffer no waste, impairment or deterioration of said property~ or any part thereof, and upon j the failure of the_modgagors to keep the buildings on said pruperty in good coadition of repair, the Association may demand the ~ ' immediate repair of said buildings or the immediate repayment of the debt hereby sexured, and the failure of the modgagors i to comply with said demand of the Association for a periad of Thiity (30) ds?ys, shall rnnstitute a breach of this modgage. ' and, at thc option of the Association, immediately mature the entire amouat of principat and interest hereby secured, and the Associatian, immediately and without notice, may institute proc~cedings to foreclose thic mortgage and apply for the appoinunent ro ~e i oE a Reeeiver, as herr.inaker provided. ~ i , 5. T1~is mortgage cvntract provides for addiaonal advanms which may be made at the option of tbe association and ' sec~u+ed hy tLis mortgage, and it is agrc~ed that in tLe event oE such advances the amount may be added to the moitgage debt - i and shaA ~ the unraid balance of the note hereby secu~ed by the amoant of suah advanee and shaU be a part of said note indebtedness under all the terms of said note and this oontract es fuliy as if a new such rwte and c~outract were executed ~ and deliveied. M additioaal advance agreemeat may be given and accepted for such advance and provisior? may be made for ~ ~ differe~it m~thly payments and a difEe~ent interest rate and otherezpress modific~ations of the oontraet, but in all other respects ? ihis coatract sha11 remain in fuU force and effect as to said indebtedness. including aQ advanoes. f4 8. If any of tl~e sums of money herein referred to be not P~PUY and fully paid within Tbirty (30) days ~rt after the wa?s ~everaqy come due and payable, oc if each aad every the ~ipuiations, agreemeat, c~ditions, aad ooveaantr oE aaid • , promiuory note and thti deec~ or either, are not dWy perfonmed, oomplied with and abided by, tbe aggregate su~n meatiaaed ~ ia swid pmmiuoq? note and any otLer amwwt asr amounts added to tbe mortgage indebtedness under tbe temu of this awrtgage : il~aD beoome dne and pav9ble fotthwith or tM~after at the option of tbe Association~ as fully and oompletcly as if said eggregate ~ ; --~-suw-~nuwney u.-as ar,'gi:.stt3; :tigulated to I~ ~si on ssxh ~ay, an;?thing in said oranfssory note or herein to the contrary not- & 7. To deliver to the Assoc.iation. on or before Mareh 15tb, of each year~ tex reoeipts cvidcacing tLe .p4yme,nt of all 1aw- ~ he y ' f~lly imposed ta~ces for the Preeedin8 calendar ear; m deliver to the Association reoeipts evidencing the payment of aII lims , for public impm b witbin ninety (9Q) days after the same shall beoome due and payable, aad to pay a d'ucharge within ~ ninety (90) daysvaE~due date, aay aad all govemmeatal levies that may be made ~ t6e nwrtgaged p~+operty, on this modgage ; or note, a~ in any other way res~tting from the mortgage i~debtedness secured by this mortgage. ~ ~ fl. $i::.1C ~ ~'~t~~~~7 ' • ` ~ ` - . . _ ' - - _ . . . _ . . _ . _ - _ _ - - - -