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all eim~pa~oeawy .aa 9,~j? ~o a?oec u~, law, oocupy .Aa ~app ..,a la~a; cb.c ..w Laa a f~e hom .n e~b~.noe.;
th~t tbey w~ ~ s~D iiatbar atnaaroes eo pecfeot tbs•fes atrnpls titk ~o said Lnd in d~s A~oclatica u may reaoaably be
required. u~d that tLe~? do ~+ebp fuIl~? wa~+ant tbs title N aid Lnd and w~11 defead tbe sams agabut ths Lwfu] claim~ of
aII pasom whomaoaver. •
PROVIDED ALWAYS t~t if the M gagcns ~all well u~d hv~ly PRY uato the As~bciattoa, tbe indebtedness e~vldaaoed. ' -
by tlnt ce~tain promfsso~y no~e, oE evea d~sa~hee+~wit~ mads by tbe MartgRgors ~nd payabk to tLe As~octattoa. ia the pdriMpal ~
SEVEN THOUSAND FNE HUNDRED AND NO/100 500.
sum af __.._._.....Dollaca i..._i_.-----.._.~~...
d?htcb notq together wlth iaterest d~arean u tbareia specified~ is p4yable in moad~ly 1nsEaliments of.. :
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~iL~TY~ ~ 00 ~~~~~~~~~~l~~.~w~~~~~~~~ ! VJ~
~t
17th a,y oE a~d, moath oomn,~ag wttb....._ May 1?. 1964. whk~, p~ya~,b .
~ .~a~~a~~ ~c~mc~.~a~~m~~,~~~a~~p.~a~~n,~,a~.n~~,~
~ wftl, .na by ~h .na eve~? a~e ~Ltioas,. agre~an~b, coadit~ .~ra oovaoand of a~ia pe~oa~faoey mce .na
•~ger And, including any advanoes by the Assod~tian to the Mattg~gors. a~ t~etr suoce~aors fn t~q, fot an
• at any tlme before the rekase and: caaoetl~ttlon oE this martgagq bnt at no ti~ne shall thb nrortgsge ~ec~re advaacea aya
a~ocount
; oE ,atd aiginal a~ote togeti~r wuh such addtti~oa.l advanca in a sum fa moons SEVEN THOUSAND
~ ~[~00 Dotlars (i 7 50,_ 0.00 ),~s ~Y ~ ~~Y
: to p~otc~t the secuiity and cosb, thea t~s deed and tl~e esbta her~by creeted sball ce~~e and be nnA aad void.
AND THS MOATGAGOAS DO h~eby anrtnaut and agree:
~ . I. To pay atl and singuLr the p~el and iata+est aad other s~mn of monay P'aYabb by vtrtne of said promis~ory no~e
~~~8~8'e. P~PVY on tfie days re~pectivdy the same ~lly oane due.
Q. To pay al! and s~aguLr the tuesr ~4~ ~~~4 0~~ and inamnbcanoes of ~«y natme ~ad kind
na~? an said desczibed , oz that hereaRer a~sY be hn su~
may be k~vied ~or assessed
~ tl~ Ma~tgage, a die i~xle~~ me~c~by
~ and eveiy~ ~hm~due and ~k
aooording to Lw, befa+e tbay beoome delinquen~ and beEore any iatenest attad~s or anyp~~y ~~xnred; and ~ aa
~ any t}~ereof is of reoad t~ same shaU be p~+oniptly satitE'iod and discba~ged of reoord and tbe aiginal offidsl doc~t (su~
aa,, fa~r imtance, the ta~c re~ipt az the satiisfaction psper a~lly emlarsed or oe~Ied) sbaU be plsced in the band: af said
Assocjation as Mo~tgagea wItbia Eea days neutt after payme~}t; and in the avent that any tbes~eof is not patd, satlafied and d~arged,
said Assxiation awy at any ti~ne pay the saa~e or aay part thereof v~rithwt waiving oar affect~g anY ~P~~. e4~h' ar ngh
t
~mder or by v3rtue of this MatgagQ and tbe fiill amo~mt of eacL and evrey s~ch paya~ent shaU be immediatety due aadpayabk
aad shall bear inberest fmm the date thereof until paid at the rate stated ia the rwte secured 6ereby and ~ogett~er wtth s~ch inter-
. e.st shaII be secured by the liea of this Mo:tgage. ~
3. To keep the b~ldiag~ and atl equipme~t and personal property naw or baeafter on s~id p~ni~s co~nered by this
mo~tgage, inaured in a sum equat tio at leaat the aaiount of dze ge, a~ an :mamt ~i to oomp1y wIth a~? oo-insia
loss un~t oovering tbe same ~mdrr~ the laws of the State af~~onda,' oc~vering bss from both fic~e and sborno, malci~,g the
Policie~ each and evesy. PaYable M the AssociaHon, as ma:tgagea, as its Intei~est m~a appesr, and said ia~aaince
ma
~ s6a11 be in a good and responsible insuranoe oompany sabLtfact~? to said Associatton, aad vvrttta~ a 3oc~i ageat
satisfactory bo said Associatiou; and the pojicy or policies sball bar a standand matgage clanse wlthout con~l~and ahall be
held by tl~e Assoc3atioa,. aad, in the eveat any sum of m~ey beoo~nes payable ~ snc6 polky ar policies, the Auociatlon shaII
have tbe opdon bu reoeive and apply the sanne on :woouat of tlie indebtedness hereby ~ued, or to pennit tbe gora M
reoeive and use it; oar anY P~rt th~6~ fo~ ot~ar"p~uposes, witbout thereby waiving ~ impairing anY ecle~it~', lie~. ~'r~ic emder
' and by vtrtne of this mortgage, and may place and pny for such u~suQanoe, or any patt tt~anof, without waiving or ecling ib
option to foreclose, or any right here~mder, and the full anwunt of each and eve=y stx~ paya~?t shall be i~mmediately due and
payable and shaII bear intaat b~om the date therwf ~mtil p~id at the rate stated 'm tt.a note secure~.l herebp and togeth~ wIth
six~ interest shaII be sec~u+ed by ffie tim of ~his Martgage.
4. To pe~m~t, oomnmit, ar ~er no waste~ impaiimeat a~ detaiosation of saW propecty, ar anY P~rt ~e~Of. and uP°a
the failure of t1e aKmgagozs to keep tLe building,s on said penp«ty in good oouditbn o~ repali, the As~ociation may demand the
' immediace np~ir of satd bu~iags ae the immediate npnymeat c~f the debt hereby ~c~u~ed, and tbe faD~u+e of the mortgagors
to oomply with said demaad of th~~As'ociatioa for a perlod of T6uty (90) days, shaD ooostitnte a brcach of this mortg~ge.
' aud, at tba option of d~e Associatlan. immediatiely mature the entire amo~mt of prin~ipal aad incerat Lereby securecl, and tbe
, Assoclati~, finn~ediafiely and wit2aat notioe~ alay fc~ftute piaoeedings M forecb~e this mortgage and apply fo~ the appointment '
of a Rec~i~?er. as b~after pro~cl.
; 5. 17~ ma~tgage oontract prav~es for addit~al advaaoes whkb msy be m=de at the optian of the a~ociation and
~ b3' ~~Sa and it b ag~~eed that in tl~e avent of s~d? advancea tbe amouat may be ad~ded to the maitgage debc
.na ~.n ~oc~ease tbe w,paia baLnoe of a~e ~oee L~? ~ uy the .mo~~ af s~ iar.n~e .na ~.n be a puc a~ saia
noce indebbednas undar aIt d~a terms of ssid note aAd thb oontract as ~u~}? as if s new snch note aad oootract were eacecuted
aud dcl~ed. M additlonal advance agreemaat mty be g[ven and aooapoed for wch advanoe aad pe+uvisba may be inade foc
differeat montLlY P°yanenb and a differeat inta~est n~e and other wodlfiaitbos af~tl~e ooutraet, bat in aIl cther respects
~ • this oartrad thall nmaiu in full foroe wd effect as to uid i~~c~e:~~t~ inct~din8 all advanas.
6. ~ ~r ~ ~ ~ ~ ~ ~,er~a ~ ~ ~ .aa ~h? ~ ~ ~h? cso~ a~~ ~
tLe sev~aauy oome aue ma p.yabb, or if ~.na e~r~? t~e s~p~adoas, a~m~ ~.na ao~v~na ~ saia
promis~orr nota and thb dead, ar ~e not dWy pafo~nad, oomp~ied w?;tb aad abided by, ibe ag~ne~abe sum maetloned
in said p~oamiswry? note and aAy other amawt a~ amoimb added to tbe mostg~ge indebte~ under tbs tcrn~ of tbis mostg~ge
' sLaU beoome due and payabie fathvv~th ar tha+eaf~es a the option of che Assodahoo, ~ faDy ud oompkoeIy,~s if ~id agg~+egate
~~qmaneg? was ori~inaUy stipu4ted ro 6e pe?id on such day, mything in said pc+on~soey? noee ae he~ m the cmtrary not-
&
7. To ddfver bu tbe Assodatioa~ m cr befone Mae+ch 1 of ach noeiPb a'~'ide~8 P~~aa~t
~n~? ~ ~ ~ ~8 ~ya~ . ~ a~u~ ~
~ ~ ~g ~ ~ .n ~
for pnb~
p~b .ri~, nh~eer eso~ cLys` .f~ tbe same shan beoome ane .~a p.yabb, .nd to p.~
ry°'encai:ch.rge wit~a
nineh? (90) days ~fter dne date, any and g~vetnmcatal Ievbs that aay. be msde an tl~e moct8~8~ P1DP~Y• on thb ma~tgage
or nobey c~ in any ot~er waY nsWHnB finm the awrtga$s indebbedr~r secvnd bg? tMs caort~~ge.
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