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at att tlme~pe~oeaWy aad quistly ~o anoer upon„ bold, oocu and anjoy =ard lw?d; th~t sdd Lad b fres froo4 ~il e~c+rmbranoes:
that tbey wtD nrke suc~ iu~t6a~ aas~noet ~ perfeot d,s dmple titls to ~aid laad in d~e Aaociatioa as may raao~ubly be
requlred, aad dut tlrry do Lereb~? fWlp warr~nt drs titls m said lu?d and will defa~d tbe tame against the lawful cLims of
aq pe~soiu whowsoever.
PROVIDED ALWAYS tbat if tbs M gas shiU well aad trul~r P~Y uato the As~oclatloa, t6e iadebtednas evid~Ced
by thak ce:tain promioory rwt~ cE rve~ d~M~~~i~erewltl~, m~de by the.Matgagars and payoble to the AssxLtion, io the princi~l
~rn oE ~.TF~.;1'fiQLISANZ?.._TVf~Q_.Iitl~?R~..~!?1.YI~._11TQ1~_QQ_____-.-------.- ....Doll~r~ 10,,200, 00
which aobe, togetlier uith interat tha~eoa as therein spedfled, b P~Yabb in moathly instailments of
.~54.88_.on.E.ebruary.l~...l~fi5;..~5.~..12--na.ll~ar.ch..1_g,_..1~~5;. . ~
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~~~tE:ntx~EiVe._ar,d ne/t fl0.~•----~.---------------------------- Doltus (S Zs~?...QQ ) {
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~ cbe._...18th._____a~r o~ ~c~ ~g W;ch__.--- APR,I~., is i~s5 p,yn,a,~ j
,u~e ta be a~a, Hnc to mt~e~, ~aa ths 6a~aoe to p~p•l, ~,til ssla indebced„eu is p.ja ~ fun;
ana ,b:n pe~f«m,~? ~
with and a by e~ch aad eweq? thestlpu1stioo~. agreemenbr conditi~a~s aad oovaaaab af saW proo4taoey note this ;
E ~8Q6R ~d~og any advaix.~es made by tLe Assoclatiaa to the Matgagan~ oc their a~ooes.~ors in titk~, fo~ aay p~oae, t
at ~ny time before t6e reka~e u~d anoellatioa of tWs matgage, but at no ttme siull tl?ii mo~tgage saru~e advanoes aa aocount ~
of said origiaal aote ~o~etba with such additional advances ia a swn in exew oE TEN THOUSAND, _ +
TWO HUNDRED AND NO 100 I O 200 00 '
-----------------_.__w._______.________~.__.1..._..__~_ _...___......_.Doltars (__._..a_. Phit any advauces ~ecessory
to protect the secndty and caats. thea this deed and tbe alate hueby created ahall cease and be nuli and void.
AND THTs MORTCAGORS DO haeby a?veaant nad agree:
l. To pay all aad s~agular tbe p~incipal and intenst and otl~es sums oE mnaaY P~Yabb by_. virtue of said prom~ory note ~
and this moztg,sge. or either, prompNy on the cLys re.speetiv~ely tl~e saune seva~lly come dne. ~ ,
2 To pay all and singular the tues. ~ts. levks,lLbilitia, obltgation: aad ine~lr~branc~s of every natue+e ~ad ~dad =
naw oa said desixibed ~ or that l~na~fter may be im . suff a assessed a~ tbat l~eake~ ~
mty be kvied or assessed~upon thh Matgage, oe tl~e i~Kle~~te~dne~s herebY~c~~ch and everY. wban and pa bk, :
aooading to 1aw~ befa~e tLey beoome delinquent, and before any iaterest attacha oc anypenaIty ts ; and ~ as ~
any thereof is oE reoord tbe same shall be prompdy satisfi~ and discharged of reooid and the orf~inal o docua~ent (such i
us, for iRSt~noe, tLe tax reoeipt or the satlsfaction paper offs~ally eixlorsed or eertified) sl~all be placed in the band= of said s
Associatian as Mortgagee within ten days a~t aker paymei?t; and in the event t}wt any thereof is not paid, satisfied and dilcharged, j ~
said Association may at any time pay the~ same or aay p~t thereof witlant waiving ot afEecNag any option, lku. e4uttp or righ t
under o~ by virtue of this Mortgage, and the full aawunt of each and evcry such poyment shall be immediately due andps
yabla ,
snd shall b~r interest fr~n t6e date thereoE until pa~d at tbe rate stated ia the note ~ecurecl6ereby and together with such intei- ;
eu shall be seeured by the liea of thi: Matgage. , '
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9. To keap the buildiags and all equipane+nt aad l~~l P~'~P~Y now or haeafter oa saZd pr~i~ covered by this ~
mottgage, insured in s sum equal to at la~st the amount of t6e ntgage, or s~n amount auffkient to oampl with any oo-iasnr• ;
aaoe requirement cov«ing tbe sanne uader the taws of tbe State of Fforida, cavering loas from botb 8re ~ stam, making die ;
ta~s uader said policies, c~ach and ~verY• P4Yab1e m the Assoc3atLon, us aartgageq ~ ib interett may appear, and said 'msurance
on
shall be in a good ~ad nsponsibk ins~ranoe compaay satisfactoq? to said AssociQtioo. aad writtea by a r~~ble IocAl ageat {
satisfactory to said Associatiou; and tbe policy or policies shait beu a standa~d matgage clause withoui ooatri tion, aad s1~aU be ~
held by the Assocfatioo.~and, in the eveat any sum oE aaney 6eoon;es pnyable uoder s„ch poL'ey or policies, the Assoc;atioa slwll • ?
have tbe option to rroeive aad apply the :ama on aocount of the indebtedness hereby sec~md. or to pecadt the- moztgag~s M. `
roceive and vse ic, or nny pciirt ther~of. ,Eor ot}~.er purposes, without therebY °E ~Y e9"~tYr or right aader :
and by virtue of th~c mortgage, and may plaoe and pay for such uuuranae, ~ any part t , withouc waiving or affecting its ;
optioa to foreclosa,'or any right bede~naer, and tbe full amount of each aud every such payment shall be immediately due and i
payable and shall bear interest from tha datc dkx+eof until paid at the rate stated in t~a nota secuted hereby and together with ~
such interest shill be secure~d by the lien of ~this Moitgage. 3
4. Top~u t, oommit. or suffer no waate~ impaim~ent o~ deteraration of aaid prope~ty, or any part thereaf. and upoa ~
the fnilure of tl~e mortgagors to kcep the buildings on said property in good condition of re~air~ the Aua~at;on may demand tbe ~
immediate repair of said buildings or the immediate n~paya~eat of the debt bereby soc~ued, and the failuse of the mortga~gors ~
so
to oomp~y with said demand of the A:socciation for a pertod of Thirty (30) days, shall constitute a breach of tbis mo~tgage, '
and, at the option of tbe Association, immediately mature the entire smonnt of piincipal apd interest he~+eby secnred, and the ;
Association, immediately and without~ nottce. may. iastitute prooeedin;s ta forecbse thts aart~age nnd applv for the appoiabne~~t s
of a Receiver. ns bec~eeinafter provldal. ~
5. 17~is matgage oontrsct p~ovide.s for addit;«wl advanees which may be made at tba option of the osaoc;atIon and
secured by tbis mortgage, and it is ag~eed tbat ia tbe event of ~ch advances tbe amount may be added to the rnartgage debt
and :haQ increase the unpatd balanoe oE tbe note haeby seciued by the amount of sueh advanae and thall be R put af sRid
note indebtalness under all the tams of saW twte u?d this ooutract as Iuily as if a new wch note and oontract wer~e e.accecuted
and detivered. M addittaial advance agreement may be gt~n aud aeoepted for wcb advarx~e and provision m;y be made fa
different montlilY PaYmeab and a different iaterest. nte aad otha a~odificatioos of tLe oontnct, but in all otl~er rapects
this contract slu~ll ranain in fuA foroe and effect es to said iadebt~ inclu~L~g all advanoes, t
8. If aoy oE tbe sums oE awoey l~er~in re~axed to bs not P~?P~Y ~~Y P~ T~Y d~~ ~t ~Eter ~
~ am~ ssv~erRlly oo~ due and Payabb. or if e~?cb ~nd wery the stf~!+~tfons, ugcee~nent, ~baditioa~ ~nd co~ntr oE sald
proapissory note snd thls cteed, a eitber u+e aot dv1Y P~~ P~ by. tbe 4gs,e~egate sum aaentiaoe~d
fn s~id p~o~? note and aoy ~otb~ amount oc amounts added t tbe mo~tgage in~~btednas lmder tbe tesms of ~hb matpge ,
sl~It beoo~ne due and payabb fathwith oe tM~fta at the option of the As~ocistioq as fully aad oanpkte~r a if s~id agg~r~egate ~
wttlWandin~'0"% vws aigiioally st~puLeed b be paid oo such daY• °AY~S in said praa~is~«r nae e~ l,erein co tbe oone~? na- ~
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T. To deliver t~ d~e AooeLtioa. fla o~ before March I5tlt, of tach yatr. ~c c~eeeipb evjdeodaa t6s P~ymeat of ~a1J Lw- i
fuQy hnposed tana Eor tbe prea~deng ealauLr~ar
, to delfves to the Association reaipts evid~~ tbe P~~ af all lieos i
`or publie imp~v~en
a witL6~ nL~etp (90) d~ys after tbe same shall t~eoome doe and P~~~. ~ P~Y ~8e wit}un .
ni~t~r (9p) d~~?s aker due date. any ud ali govarnmeatal bvks tLat may be a~ade oa tbe ~o~gaged proQe~tyr~ aa this matgpge
a a ~ .nr a~ ~r ~g ~ t~ ~e i~~a~ ~~a by c~ _
~08 ~A~f433 ~
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