HomeMy WebLinkAbout2514 ! ' • ~
. ~ ~ . . . ~ .r
i
i
Q ~
it iII l~l!lO~i tA~ q11~~1 ~0 IIp0~1~ aw~~y~
~ ~ ~ ~t~j ~It~ iR~ Lllf~ ~i ~ ~'0!n ~ ~~n00~~ ~
~111t~0~f1~1 ~1II~ <i11Rr1100~ ~ ~'0!~ IDO'le0 i~Q1~0 a~0 ~ ~ ~iRl~ ~11 ~10 ~t~OR it Q1~ ~f011a~1 bO ~
req : .pa th.t tl~~? ao b~? ~ulh? ...Q.nc a,~ ~t1s ~o ..id w,a .~a wm aef«~a the sams .g~s~ ~S ~~1 ~ ~ ;
~ all.persons wbomsoev~.
PROVIDBD ALWAYS tLat If tbe Ma~shafl well a~xl tn?ly P~y uato the AssbcLtba, t6s indebtedran evWenoed
bry, ~b,c o~~L, pron,i~o~? ,wte, of evaa a.te m.ae by the M«cg.gr~~s .u,a p.y~ble to t~e Associ.eton, in the p~inciral ;
• EIGHT THOUSAND FOUR HUNDRED AND NO/100 ...p~n 8, 400. -00• ;
~ sum of
' _ . :
~ whkh noEe, tog~ with iaterest d~reon as thereiu speclfied. is p4yable in montlill? iashllma?b of........__ - ;
,
s
_ _ i
_._.M..w~~' E ~T
.0~.0_0 noAu, (=64. 00..._.__..._ ;
; o,a d~e~.....a~ ____day o~ a~ch n~onth comn~g wit~? May 20. 1964. whtcb paya~eats ;
~re to be appliod, ~st ~u interest, :nd tbe balanoe ~ pclnc~pal. unttl sRid iodebtedne~s is paid ia fnQ and sbaIl parfae~ :
with and abtde by ead~ and eroery tbe sNpuLtions, agreemmb. oonditjoas and oo~veaanb of said promis~oey note and ~
~ ; moztgag0. ~~IIB ~Y advanoa a~ade by tLe As~oc4tlaa to the Matgago~s„ a~ their r~ooaason in tltle, far any purpose, t
. at any time befae tbe rekase and aunoelLtion o£ tb3s matgp80. but at no tiane shall thit matgage aec~u~e adwnas ca aocount
' of said aiginat note togethe.t wtth such additlooal advances ~ a wm ia ezoa~ oE._..~..~= EIGHT THOiTSAND
~ ~2T~._.._~)N~L~aA~..~Y9I.~Q4 Do11an 8
400. 00 j,p~u~ anY advan~s nea~ry
to protea the sec+u~ity and costs, t6ai tLh doal and the estate hereby cxeeted shall cease and be null aud votd
~ AND THE MORTGAGOAS DO l~enby a~ant and ~gree: -
i- 1. To pay all and dngular tbe princ~pal and intere~t and othet suats of monaY P~Ya~ bY ~O° °E. ~ P~'~~Y nohe
~ and ~his ri~ortgage, or at6er, ~omptly on tbe days respectiv~elY tLe same ~rauY oome dna
' Q. To pay aD w~d sing~ilsr the asseasme~b. 1~s,1L~~. o~8adoas ~nd incwmbrances of evary natm+e a~ kiad
; n~? on said descxibed propexty, ar that he~+eaEter may be im suffered,pL kvied, oc auessed tLe~+eon, or tbat hereafter
~ may be kvied c: assessed upon tLis Moctg~ge, ar tbe i~xie~~te~dn s~xnued h~by, eacL and evay. wheu due and pa bk.
' aoooiding Eo 1aw~ befa~+e t6ep beoome deliaquent~ and befo~e any Interat attaches ~ an is incvtred; and ~ as
befo e y
i aay thereof ~ af reca~d tbe sanoe shall be pranpdy satisfied and dilcharged of reooid and orig~inal of~ial doc.vmeat (such
~ a; for insdnce, the ta~c seceipt or the satisfactbn P4P~ °~Y ~ or catlfied) shall be placed ia the hands of said ,
~ As9ociatton os Matgagee within ten days nert aftar p4yment; and in the event tl~at any tbe~rooE is not pyd, satisfied and discbarged.
1 said Associatioa may at any time pay the same or any p~rt t6ereof wit6out waiving ar affecdng any option. lia~, eQuih? ar right
~ ~mder a~ by vittue of thLs Mortgage, and the fuIl amo~mt of each and every such paymeat shan be imtnediately due andpayable
; aad shall bear interest frana tbe date tbaeof uatil paid at the"rate stated in tlie note secured hereby and togetha with snch inter•
' est shaII be secured by tl~e lien oE tLis Ma~tgage. .
f 3. To keep the bnilding,s snd all equipmeat and p~soaal pa~ope~ty now or ba~eafta on sajd pc~emi:a oovaed by t1~is
u
~ ~8a80. in s sum equal to at least tl~e amowit of the gq or an amamt suffident ta oou~? with any co-iamr- ,
~ anoe ~q t coveiiag "the same under the laws of the State f~ida. oaver~n8 bss b~om both ~+e , stw~m, m~king d~e
` ~ laa~s under
~
policks. each and rvery, PaYab~e to the Assochtion. +~s mort888~0. as ib inta~st~m~y appear, and sAid 'ms~uance '
~ shall be in a good and t+esponaible inturanoe coaupany satisfactory to said Assoc3ation, aad writtea bp a 1~~ ~b bcal agent
{ s~t3sEacwq? bo said As~ociation; snd the policy ar policies shall bear a standard"mortgage cLuse without~oon and sball be
~ heldby the Associatio~, and, ia tLe e.went -eny aum of money beoanespnyable under such policy ~or p o
l i
c
i
e
s, tbe Assodation shall
; bave theoptwn to reoefve and apply the same on aooamt of.the indebtedness bereb~? secvti+ed, ar to pe~mit ~the martgagon to
° rxave and u~e it, or any pa~t tbereof, for ot~er purposes. witLout tha~eby waiving or impwiring anY e4uitj'. lien. or risht under
; und by viirtiie of th~s mort8abe. ~~Y P~ and pay for sncb insuranoQ or aay paYt tt~ereof, withoet waivh?g or a~ecting its
t ' o~~tian to f~edose. or anY .~ight here~mder. and the full aawunt of each and every ~uch payment ahall be iimmediately due and
~ payable and sball besr intes~st fram tbe date theseof until paW at tLe rate ~stated in ~t.e note sec~u+ed hereby and togetha with
~ such iaterest sbaD be eec~ued by tLe lia? of thb Moitgage.
~ Toperm~t, oommit. or suffer no waste~ imp~ua~ent or deteraratial of saud prope.~ty, ae eay put thereof~ and upon
i the failare of the mortgagors to kcep tbe buildiags aa said prnpesty ia good condition of rep~ir, the Association auty deanand the
t ; immediate repaic of said buildiags or the immediate repayaient of the debt hereby secyu~ed, aad tl~e fa~un oE tbe mortgagors
to eomply witL sald demand of tbe AssociaHoa for a period of Thi~ty (30) days~ sbaA ~tute a breach of this maitgage.
~ and, at the opHon oE tLe Association, immediately matuze the entire amouat of princip~l and interat hex~eby secvred, and the
Association, immedis~bdy and without notlce, may institute prooeedings to foreclose this mortgage and aPP}Y fo~ d~e appointment .
; a Reoeiver, as herdnafte: prnvideci.
~ 5. This matgage ooatract prunddes for additional advances which may be mode st tba option of the association and
~ bY ~~8a8a and ic is agreeci that ia the event of s~x~ advances the a~no~u?t may be added to the mostgage debt
and shall iocresse the unpajd bal~noe of tha note hereby secmod by tLe aaiount of snch adv~nes and sLall be a patt af uid
~ note h~debtedness unda aD tbe texms of said nobe and this oos~tract as fuIIp as if ~ naw such note aad oontract wene executed
ana adiverea. An aaaitional aavance agceea,aut ms?y be given .na soaptea for wd, advanoe .na psov~ioa may be maae f~
. diffe:ent monthlY Payrad'b and a diffa~mt inta~est rate and other n~odifieAtion: of tbe ooatr~ct. but ia aIl otber respects
am
' this oontract ~6A11 remain~in full foe~ce and effect as to said iadelbt~ includ'mg aIl advanoes.
~ 8. If any of cbe mms of maaa~? ha~ refazea to bs noc P~omrtl~? and fulh? Paid wtthin 'Ihfrt)? (9p> day, ~e~cc .Ecer
"the ame seraaDy came due and payabk, or if each and avery the tbns. agreement~ oonditions. and ooveaants ~~icl
pnomis~ozy note and thb deed, ae eitl~ar. a~s not dnly? pafamed, oom~ with and abided by~ t6e aggpegate smn mdationed
ia soId promissory note and any ~ttLLer amouat oc amo~mb added to t6e matgsge 6~eb~ ~mda tbe tenns of this mortgpge
, :hall beoome due and payabb fo:thwith or tbec~eaEter at tbe option of the Assa.~iation, as fnily and aomglebdy as if said aggreg~te
~ wit}u~ndina°•°~r was origioslly stip~lated to be paid oa s~eh day. anything i~n safd pcomissoey aobe or ha~ein to the oontrary iwt-
€ & -
[ , . 7. To deHver to the Mociation, an a~ before Ma~+c6 15th, of au~b year. tu reodPb ~8 ~ P~Y~t ~ atl 1aw-
~poaed ~ ~r ~ ~g ~~year ~ a~u,~ to ~ ~a ~a~.g ~ p.~,c ~ 8n u~
~ for pnblia imp~~vemeab v~t~, ni~? cso) days'.ftar tbs same sh.n beoo~ne ane ana p.y,~ble,.u~i w pay or ai~~ge.~itL~
€ ' ainetY (90) days after due date, anr and aD guverno,enal kv~es tbat mar be m.de on tLe a~ged prope~ey, a~ this mortgage
i or note~ a~ ia any otba vrRy renilting from the mortg~ge iadebtednas :a~ured by tl~b na~tgpse• .
~ : -
~ ;
~
t ~ _ a~~ 8? 113
~ i V - .u - . .
t -
~ j - •
~ i ~ _ -