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HomeMy WebLinkAbout0088 ' • - / " ~ , tt ~ t11M10tpeaoa Wd q11~0~? ~O LIi0~1~ ~10~~oocupy illt~ tald ~tfla~ ~ ~tl ~ttid ~i ~00 ~~'0111 ~ AIO1411~li~10l~i t6at tl~gr w~ mRics ~ t1~tbAr a~oeit tio pecieot tbs fes ~tmpis tiHs ~o s~id Lod io d~s A~ooisticn as may reWOaablp bs ~ ~drod. and~ do beieby fnlly wa~eant tbs tiNs ~ aid Lnd aad ~l dsEaud tbe ums ~a~t ths itwtW cls~oia of ; PAOYIDSD ALWAYS tbat iE ths M g~xs ~hall w~elt u~d hv,hr P~Y anto d~s Aa~bclaN~oo, the indeb~ evidenced ~ by tb.~ oera~tn p~m~? no~, of rv~a da~~~cav~, msae br d~e Mo~cgaga~ .aa p.yabb ~o t~e As~oct.tbo, ta che p~a~al . ~ SEVEN THOTJSAND TWO HUND~iED AND NO 100 7 a00. 00 sum af .._...___..........._.___...__..L._____..---......._Dollan (i~._._..._...._.. whk6 Aot0. to~etl~r with iate~ thac~eon as thereia spedfied, is payabJe ia mantbly 6~la11a~enb af..__. ; _ _ .............__.r.... j FIFTY EIaGHT AND NO/100 ~ 58.00 j _ ' (i - + ~ ~ ana _.a~r ~ ~ ~ oomma~ag wtth._... - Aug~et..._2- ~~64 ~d, P~y~„b ~ are ea be a~~ ~rst to ~nd dis baLnoe eo prindpal, untll said indeb~ednea ir paid in fe~ll, aad ~fl peefam. ~ ~ witL apd by each aud e„e+Y =5~~, oondition: wd ooMeoanb of sdd proaais~o~y noce ~md ~ mo~t~a8e. Ard, ~a any advanas by tbe A~aoctatlm to tbs Maetgagcc~ or d~ suooeacrs fn titiq~ fa~ su~' P~aP~ u at any Hme beface the rele~se and anoe~Ltlon af dib matg,a8a b~ ac xw tl~oe shall,thb nw~age sec~me advat~oes aa sooo~wt - : of said origmal note ~ w#h sncL additianal idvanCes ia ~ sum in eaooess eE 51~+~EN T80USAND TWO ~s, ; HUNDRED AND NO/ 100 ~=.7 200. 00 )~p~ ~Y ~ry i to pro~ect tbe sex~~rity wd c~, tben tbb deed ~nd d~e e~ate hereby created s6aD ca~se s~ad bs nnll ~nd v~oid. ' AND TI~ MORTCACORS DO hereby? a?venant and agree: ; I. To pay a11 wd ~ngular da p~l and lnterat and other sums aE monaY PaYable by virtue oE s~id pramis~o~y note i at~d this mortgage, or either, P~P~Y ~ ~Ys rapectiv~Y the sRme saveraU~? oome dne. ' To ~y .n .~a a~ ~~.~a ~ ~ ~?~y ~.oa ~a ; ~ ~a a~~a a a~c m.y ~ ~ ~~a~,p1~ed, ~?~ai, a .~a a~, a a,.c j may be levied or as~essed upon tLia Ma~tgage. ur t6e 6K1~~ ~ a~e~an~ed ~ereby, au:h and ere?y~ wLea dns and pa bk. . I Aooordtng to Iaw, befa+e tl~y beoome detiuquent~ aad befoe~e any ~ntaest :ttuha a~ any is iunuied; aad ~ as - ~ aa~? ch~ is af r+eoo~a che s~me sl~n be p~a,pay sa~iea .na abchargea af reo~a .nd t~acig~l o~a ao~m~c ~wa, i asy for instance, the tas reoeipt oc the satisfaetion P~Pa ~Y ~clo~ed or oabiBed) ~all be pL~oed in the bands af sdd A~socistion as Matgagee wlthia ~en days nezt aker payareqt; and in tbe erait tbat any tha+eof is not peid, sabisHed and dbducgecl. ~ said Association may at aar dme poy tl~e sa~ne or any pa~t theiraof witbout waivtng or aHec~t~g anY optbn. 1kn. equitY a r~t + -under oc by vIrtue af d~ Moartgagey and tbe fuD amount oE each and ev~y s~ch pay,meat sbaU be inunedjstdy due andpayable . ~ and shatl bear interest frosn tl~e date thereof untII paid at tLe rate stated ia tbe rwte sec~uecl hesrsby and together wlth such inter- ~ e~st shall be see~ued by tLe liea oE tl~b Matgage, ? 9. To keep tbe buildings and ali equi~menE and personai poope~ty naw ~ bereafter on ssid poanisa oo~vered d~is j nwctgaSe. iaru~ed in • sum equat to at k.aat the amauat of tbe t~ ae an amoimt sufficieai to oossp~y wlth any oo-~ ± anoereqni~t oove:ing tbe same under tLe lAVrs a~ the State oE F7~~~da, ao~v~n8loss boas both f~ne and aRaldn d~e , stam, a aldng , loas under said poli~, cach and cvery, pa~ble to the A~s~an, +u moctg~gee, aa its int~t ma appear, ~d saW ~oe - i. s~wD be ia a~ood and ~b ins~uanoe oanpa~ny ~tidaaasy to said A:~ociatioo, aad vMttm ~by a~~~~ 1oca1agmt i sa~cto~? to said Assoc~iation; and the policy a~ po~ shal! bear a standa~d maarigage cauuse w~tbout con ~ad s6all be ! beld by the Assocjation, and, in ths e+?e~t any swn of momey beoom~apayabb uadee s~eh policy br policies, the A~ocistioa sbaU ~ bave tbe to r+eoeirre and appl~ the same aa aooount of the indebted~ss baehy secured. a to pecmtt.tbe gas to m ~~~c,~~y~~~.~~~,~~ta«~y~a~p~ ~y~~r.~,a ~ ; a,ia by virh~ of thk ~c8~g~; -ana may t~e ar,a par for such ;ns~ranc~ a,nr p~i tba~o~, w~o~ waiving a~ v~oc~n m ~ opt~oa to foreclase, o~ any right here~mdes, and the fiill amouat of each u~d e~very such payment sbaII be immediatdy duegind I PaYabk and slwll bear iaterest fr~ the date tbereof unbl paid at tbe rate stated in tt.e Aote secvred Lereby and togetber wlth sucL interest shaA be serured by t6e lim aE ~hh Moctgage. ! p~ t, coanrmit, ac mffer m waste, imp4irmeat aar det~tion .of said 'p t6e failu~+e of tbe , ac any patt thcreoE, and upoa ; ~gagors to keeP tbe buildings aa s~aid pe~rty tr? good ooadition of r~+~pa~i~r; the Assodatioa msy denoand tbe i immediate rep~xir ~ sald buildir,gs a: tha i~nrnediate nep~ymeat af the debt baeby secx~ned, and the fa~ure of tLe moitgagots ~ - I to ooa~~wtth said demand of tbe Associatbn for a period o~f Thizty (30) days~ s~all con~itnte a bre~ch af tl~is q, i and. at option af tbe Associatioo, innn~ediatdy nwture the entjre anw~mt of p~wcipol and interest c secu~ed,~ i~e ~ rwc ~~y , Assocfatio~n, immediatety and withoat notioe, may fastitnM pcoc~acdings to foreclabe thb mortgage and apply k~ d~e appofntment j af a Recetver. as herei~aftier pr+nvlded. ~ 5. Tl~is moct oo~ntract ~8~ P~ for addttional advance~s which may be m~de ~t tbe option c~ tbe ~s+oclation aad ~ ae~d b7' this mo:tSeBe? and it is agneecl tbat ia the evmt of s~ch adva~s die amou~nt may be added to the mo:tg,age debt aaa s}wu fix~se the m,paia b~aoe of tl~e note ~by ~a by ahe .mamc of mch ~dva~e wa ~.a be . p~c aE saia note iodebtedr~ess unda aIl tbe teiais a~ said no~e and this om4r~d as fuIIy as if a aew s~ note and aontraet we~ra a~ecvted i and delivered. M additioaal advanoe sg~+ee~ant aiay be ~vea and aeoep~ed fac s~ advanoe and pco~vLioa may be made for ~ differeat montWY P~Y~ts aad diffa~eat iaterest nta and other mod~ic~tioos o# tbe ooutrs~t, bnt ia a1l othu rapa.~b - ~ this ooabrad ~hnll remain in full foroe and effed as to said i~~le~~ inclnding all advanoes, _ ; t 8. If aay of the smns of a~wuay beMn nien+ed to be aot p~oRnpdy and fW1Y Paid within 1Li~tr (90) 'daps n~xt aker f "tbe s~aae severally come due and payabie, or if au~h and evarY tbestipub tlo~s. agreao~u~ ooadida~s. +nd oov~nb af sdd i promi~? note and tbb cleec~ ar aitLa~r. ~re not dWy perfarmed, oomp~ted~ wkb aad ahided by~ t6s a~regate s~sn mdotloaed in satd promissary note and anp od~er amount ac amotmb added to the mo~tg~ge iodebtednau w~cler tbs Lams of thb matg#ge shaIl beoome due and p~yabis fathw~th a tha~eafter +~t the optton of tbe Aaociatjoa, as faIIy and eompieeely u~~id aggregate , ~maney' was ori~all~? ~fpu6~ted to be paid an wch cLy. anyth6ig 6~ said praa~issoer nobe or hereia ~o tire oantrary not , & . T. To ddivet to tba At~oc~atioo, o~ oe bciors Marc~ ISth, af a~dr ~na~r, tax e~eodPtr evkieodn8 the P~Y~ af ~al! hti?- ~ ful1~? im tua for tj~a P~eoedjn$ ealendar'ye~r, to deKv~er to the Asoodatlon reodpb tbe payment of ~H lieos ~ ~ p~~~wfthfn min~ty (90 d~ys•~ter tbe sune:haD beoome dne ~d pay~ tio pay a~ dischar~s within . ~i? ( ) n r ~ ~ so~cat ~ ~mc m.r ~ m.ae ~ r~ ~s~ ~*g?. ~ a~ a~.a~.~r~~?r~a~t~~~~a~?~~. ~ ~ : ~aR~ s3 «G~ ~7 ~ . . ~ - . ~