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Home My WebLink About1058 . ~ . at ~II tlir~t aAd to anoee upoo.lwW.oavp~r aad eajoy tud 1~ad: tl~t tad 4ad i~ fres froaA dt a,c+imb~+~ooa: - cbat tbry wll ~aNk~e~wch ~a~oe~ ~ pa~eot dr ia doupie titls ~o aid kad b t~e A~wclatioa a~ m~y ra~o~wWy be ou reqwred, ~ad t6st they c~ b~eb~? fWtp wamnt tlre tids 1Eo ~aid I~ud aod wDl deEa~d the ~ame ~g~nst the Iswful c4ims of a11 peeso~~ whomsoever. PROVIDED ALWAYS tlwt iE t1~e M ~gon ihall wep utid trulY P~y un~o tbe Assbclatlca, tbe indebtedness evlda~oed by that certaiu promissa~y note. of evea dste n~ds by t6e Matgagors and P~Yable to the AssocLHoo, in the pdnciral sam oE TWELVE THOLISAND AND NO/100 -------------------pollars (=.12,.Q00._QO which uote, together with interest theseoa as therein specified, is PaYable in ~moathlY instatlments oE:-.--- , 7lTAlf...«A~1~~ ~+tZ.XY._Y.lE:~...2-~~f...~~~..... ~~~~~r~.~~~~~~~~~~~~w~7'Lnew ~0~7~ oo ~ - ..........................._...._.....aiv..... ~ ~ «i cbe___13th -•----a.y of each mond~ oomn~ag wtch.__.~t..~S~~Y o! Febrwrv. 1~~~. w~k~ p.ymeacs are to be a~. fust to intenst, and the ba4aoe t~o priodpal. uadl sdd iudebtednes~ b paid in fdl, aud ~Lall pe:fam. ~ with and abkle by each snd avery Lbestlp~4 tw~u, aSreemeab. oooditiont and oo~va~anb oE said promino~y note snd = ~~Sa ~~8 aay advaaoe.~ a~ae by the Assod:tloa to the Matgagas. o~ their niooessors in tid~. fac any P~P~ at any time before the rekase and c~noellatioa of tl~ aawtgage, but at r?o time sbsll thb nnortgage secure advanoes on aoconnt ~ of said arigina) aote togeth~x with such additioMl advances ia a sum in e~ess af._._.5~.~.~.+.~..~Q~~ND AND~ ---._____~_1ti4L~Q4 ynou~s (i_ ~Z~~Q:oo..). ~ ~y aa~?~ ~ry ~ io procect the sec+uiey and costs, chen rhts dced and tbe e~st~?ce he:eb cnucea sball ce~aae and be nn11 4nd voia. f AND THE MORTGAGORS DO bereby c~va.nant and agree: 1. To pey all and siagular the p~inc3pal and inta~est aad oth~x suau of moneY P~Y+~~ bY- P~issory note and this mortgage, or either, prompdy on tbe days respectlvelY tLe same severaliy oome due. 2. To pay aIl and singular the ~b. lavks. Lab~7itla„ obUg4tions aad iAC~nnbrances of every nature apo ldad now on said described pmpert~y. or thai bae.afta map be im suffered,~a~oe~ levkd, or ass~sed d~'eon. a ttwt hereaftar may be levied or assessed upon t6is Matgage, or the L~i~~~te~da s~xured hen ~by, euh and everY. whm dae aad payabk, aocording to law~ beEore they beoome delinqueat, and beEore any inta+est atttd~d oar anype~a1~ b jncurt~ed; and tasofar as any thereof is of record the same shall be promptly salisfied and dischargal of reoord and the ari~nal official doc~ment (such ss, for instance, tbe tas receipt or the satisfaction p4per oEfidaUy endorsed or ce~rtified) shall be placod in t6e hands af said Association as Mottgagee within ten days nert after payment; and in t6e event that any t!?e~+eof is not paid, aatisfied aad discharged, said Associ~tion may at any time p~y the same or auy p~ut thereof without waiving o~ aEfecting auy option. Hen, equity or righ! under ar by virtue of tbis I?tortgage, and the full amount of each and every avch payment shall be inunedistely due and p4yable and shall bear interest from the date thenof until paid at the rate stated in the note sec~uecl hereby and together with such inter- est shall be senued by the liea of this Mortgage. - . 3. To kecp the buiidings and all equipment and persa?al N'~P~Y now or ha+eafter oa said premisa covered by this mortgage~ insured ia a sum equal to at least the amount of the mortgaga~ a~ aa amownt sufficie~?t to compl wtth any co-insur- ance requirement rnvering the same under the laws of the State of Flond~, covering bu from both fire ~ stona, maicing the loss under said policies, cach and ~every, PaYable M the Association, as u?aigagee~ as ib intenst may appear, and said insuranee shall be in a good aad responsible insuranoe a~mpany sattsfsetory to said Assoctatioa. and writtea by a local agent satisfactory to said Aswciation; and the policy or polici~s shall bear a standar~ mortg$ge clanse without coatri tioq and shall be held by the Associatioa. and, fn the eveat any som of moaey boo~pn ysbk under such poli~? or policies, the Association s6a11 have the opt;on to receive and spply the sama on socoimt of the indebtednen Lereby secured, ar to pennit the mortgagors to receive and use it~ or any part thereof~ for ot~er purposes. without thereby waivlr?g or im~~roof sny equity. lien, oc right nnda and by virtue of thi~ mortgage. and may Plaoe and pay for soch Luvranoe~ or any pazt , without waiving or affecting its option to Eoreclose, or any sight hereunder, and the full amount of each aad every such payment shall ba imraediately due and payable and shall bear interest from the datc theteof until pald at the rate stated in ttie note secured bec~eby and togethe,r with such interest shull be secure.d by the lien oE ~his M~xtgage. ; To pennit~ commit~ or suffer no waste~ impairnunt a~ detenoration of s.,id propecty~ or any~ part tbereof, and upoa the failuro of the moctgagors to kcep the buildiaga aa said propetty in good conditiun uf repaar, the Associatiou may demand tLe immediate repair of said buildiegs ~ tbe immediate rep~yment of tba debt hereby wcu~ed, aad tbe failure oE the moitgagors to complv with said demand of the Association for a period of Thi~ty (30) days, shall rnustitute a breach of ~'nwctge e. and. at t}?e optio~ of tbe Association, immediately mature tbe entire amouat of piincipal aud iaterest hereby wid Association. imrnediately and without noHce~ may iastitute p:oceedings to foreclose this modgage and applv f~r the appoinhnent of a Receiver, as bereinaker pruvided. ~ 5. This mo~tgage contract provides for additionrl advances whkh may be made at the option of the association and seciued by this mortgage, and it is agteeci that in the eveot oE s~x:h advanees tbe amount may be added to the moctgage debt and shall inrreasa the uapa~ balanoe of tbe tate be:eby seau~ed by tbe anwunt ~ snch advaane and shall be a part of said note indebtedness under all the terms of said aote and d~ oontract as fully as if a new wch note and ooatract were eacecuted and delivered. M additional advance ag,reemmt may ba givea snd aooepbed for wch 4dvanoe and provisioa may be made for , clifferent awntblY PaYments and a differeat inta+at rate and other awdificatioos of tbe oontract. but in sU other respects . this contr3d shall remain in full foroe and effect as to said iadebt~ ioclnding all advanoa. ~ 8. If any of the sums of maoey l~erdn refetted to bs not P~'~PVY ~~Y P~ T~~Y days next after ~l,s aoM ~evenUy com~ dus snd P~Y~°, oe iE ~oh aad ~wer the dona. ageement, oonditions, u~d oove~anb of uicl W'~missorp note a~xl this cleed, ~ eitba, are not du}y perfo~ed. aom~ wftb and abided by. the ag~regate sum noonKoned . in saed pramissory note and anq ot~her ar~wunt ec amo~mb added to tLe moztgage i~a~eebtednas ~ tbe te~ms of tbis mortgage :hall beoome due a~d payabb fo~thwitb ac thera~Eter at the option af tbe Anocistioo, as fWly aud o~pktely as if ~aid aggregate sum of moaey was ~iginatiy stipu4ted b bs paid oa suc3~ day. aaY~8 P~'~~Y aote or 1?e~ein to tbe caatrary not- i withsdnd'ng. ~ To deliva to the A~ocjation~ on or before March 15tb, oE cad~ year, taz receipts evidancing tLe p4y:aent of ~all law- fully uaposed taxes for t~ preceding cakndaryear; to ddiver to the AssocLtioa receipts evWenrinng tbe payment of aIt lieas . , for public impmvemaib within ninety (90) days after tbe sama shall beoane due aad payable. and to pay or discharge witbin ; ainetY (90) dan afte~ due date, any aod all govemmantat jevies tbat may be made oa tbe awrtgaged prope~ty, on this mort~age ~ 1 or note, or in any otha way resulting fmm the nwrtgage ~ aecurrd by this mortg~ge. ~ ~ ~ eo~~ ~.G9 r1:.t~~ 0 ~ _ - _ _ - -