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Home My WebLink About1935 _ • . ~~y oocup~r a at .n wne~ aaa q~dsdp m a~oer ~wq laid. and enfop ..~d Lwd; t~t nrd l.na r bes fi+oov .n eoo+m?bnuoe.; tMt tbry w?~ m~Ios'wiob fu~tLer aManao~ 1o pac~eat eb~ fa dmpie titls b said land in d~s M~ociat~on a nw?~r raawn~Wp be . ~ uired. at~d~ do Lei~ebp foDr waera~t fLs tlds ~ N~id had ~nd wtU deieod tbs we~s ~gatast ths I~wful da~ of ~ PROVIDSD ALWAYS tbat iE t6e M ~tgagon shall weli aad t~vty Par unto the Assoctatfoa, tbe indebtedness evida~oed by that oe~aia proaats~ory? oooe, oE evea d~tsa Ie~+evv~t6~ m~ds by the Macgagors an~ pawble to che AssocLtion, t~ the pdnctpal . ~_SIX THOU~ND ONE__HUNDRED.AND NO/100_.._--,--_-.---_----_ p~~n 6,100.00 whicL noGe, togather with interast thereon as therein sP~~~ ~ P~'YBbk in monthh? instalhnents of.. ~~.~~~~~~._....~~~.~.~w~~~~~....~r~~~~~~~ «.~~~~~w~~~~~r«~~....w.~.r....~'.._...~ E4.R~TY..EI~IiT_A~_N4/10Q nob,,, 48. 00....._..._. ao tha___~,2th-----~-day of each nnoath oommendug wich----•-----March 12 1965 M. whicL P~Y~~ ace to be a~~ ~St ~o iaterest. and d~e balaY?oe ~o prindpai. until :aid indebt~ednas ~s pald ta ft~, aad sba11 pe.efa~m~ oocpp~j? with and by each aad every d~e tioo~, ag~eemeut~ ca?ditio~ and oove~nanb of taid promi~oey note and thit ~ moitg,~Se.. And. iadudtn8 any advances by the Assod~tlcn to the Ma~tgagors, oc their snooeao~s ia tttlq, fae any putpose, 4t any time bcfore thn rtlease and canoel4tion of this matgage, but at ~ time siiall this ma~tgage sectue advances an Aooount oE said odgjnal note cogether wtth such additia,al advnnces in a sun, in a~oas of SIX THOUSAND ONE ~ HUNDRED AND NO/100 6 100.00 _...__---------D°llan P2us any advanas nec~essary to protect the secudty and costs, thea this deed and the estate hereby creatcd shal) cesse and be nuD and void. AND THE MORTGAGORS DO hereby cvveaant aud agree: . 1. To pay aII and singular tbe p:indpal and intaest and other sums of ma~ey payabb by vtrtue oE ssid pranissory n~a aral tLis ~wctgage. or either, Pr°mPt1Y on tbe daYs s+espect~v~elY the same sevaally come due. S. To pay all and aiagular the tues. as~mnenes. kvks, tisbilitia~ obligatioos aud incambracwar of ever~? n~ture and kind naw on said descxibed pt+npe~rty, or that l~enakes may be a~ suffered„ plaoed. ler?ied. ~ assessed ~creoo, or that hereaker : may be kvied ar assessed upon thfs Matgage, or the m ess secsu+od hereby, cach and av~ry?~ wha~ due and pa bk, aooo:diag to law, before they beoome delinquent, and before any interest attacha or aayp~why is inc+~rred; and ~ as any thaeof is a£ rocord the same shall be pmouoptly satisfied and discharged of reovrd and the ~iginal ofBctial doc~m~ent (such a:„ for instance, dre m: reoeipt or the satisfacdon paper officiaUy_ endorsecl or certified) shail be placed in the bands of aaid Associatiau as Mortgagee within ten days neut aker paynnent; and in the event that any thereof is not paid, satitfied and disc6arged, ~ said Association way at any tinne pay the same or any patt thereof without waiviag or affecting any option, ~lkn, equity ~ reght undu or by virtue of this 1liortgage, and the fuII amouat of each and every such payment shall be imtnediately dna andpa yable ~ and shall bear inoer~st from the date thereof until paid at the rate stated in the note secured hereby and together with such inter- est shall be sec~ned by the liea of this M~tgage. 3. To keep the baildings and all equipment and personal propecty now or heseafter on said pretnise,s covere~ by this mo~tgage, u~sured in a sum equal to at least the amount of d~e mortgage. or an amount sufficient to oomp1y with any oo-insur- anoerequuement covering tl~e same under the taws of the Smte of Florids~, eovering bu fmm both firt and storm, making the bss under said policies, cnch and every, Pa3'able M the Assodatian, as nwitgagee, as ib interest may sppear, and said insurance sball be in a good aad responsible intturanoe company satitfactory to said Assoc;iation, and written by a~p~u bb Iocal agent satisfactory to said Association; and the policy or poUeies shall bear a standard moitgage clsuse without oontribuHon, and shal! be held by the Association, and, in the eveat aay sum oE mcmey becomespaysble ~mder such poliay or policies, the Association shall have theopdon to ze~oeive and apply the same on aocount of the indebtedness hereby sectn~ed, os to permit the mortgagors M et receive and use it, or any pnrt thereof, for otker purposec, without thereby waiving or im~''ereof any equity. 4en. ~ sight under :?nd by virtue of thic mortgage, and may place and pay for such uuvrance~ or any pazt , without waivir~g or affeeting ib option to forectose~ ~ any right hereunder. and tbe full amount of each and every such payment shall be immediately due and payabk and shall bear interen from the date the~eof unW paid at the rate stated ia t~e note secured hc~eby and together with such interest shall be securc5d by the lien of ~his Matgage, ~ 4. Tope~ t, oommit, or suffer no waste, imimirmeat or deterioration of said property~ ar any put thereof, and npon • the failure of the mortgagors to keep the buildings on said .pmperty in good condition of repair, the Association may demand the immediate repair of said buitdings or the immediate repayaient of the debt hereby socured, ancl Rhe failure of the nwrtgagors to ovmp)y with said demand of the Association for a period of Thuty (30) days, s6a11 constitute a breach of t}us mortgage, and, at tho option of tbe Association, immediately mature tha entire amownt of p~ineipal sud interest hereby secured, aad the Association, immediately and without notke, may institute prooeedings to foreclose tbis mortgage and apply for the appoinm~ent of a Receiver. as hereinafter providal. 5. Thit mo~tgage oontract pruvides for additionat advanc~s which may be ma~e at the option of tbe aswciation and sec~ued by this mortgage, and it is a~ that in the event of such advaoces the amount may be adde~ to the moitgage debt and shaA iacrease tLe unpaid balance of tbe note hereby secvred by the amount of such advance and shaA be a part oE said note i~btedness under all the terms of said note and this oa?tract as ful[y as if a new such note sod oontract were e~uted and deIivered. M additiaaal advance agrameat may be given and aootpted fur sucL advanoe and prnvision may be mLde for ~ cliffe~+eat monthlY PaY~ts pnd a diffa+eut inte~rest rate and other a~odifications of the oontriu:c. but in sII ot}?er respects ihis contr~d shaII remain in fWl foroe and effect as to said indebt~ includiog all advances. ! 8. If a„y of the sums of a,aney ~ereln referred to be rwt P~PVY ~~Y P~ T~Y (30) da~n next aEter kh~ aa~ Mwrally oom~ dw sud paya6le. or !f e~eh and evay tbs Nau. ~ge+semsn~ ooadWon~, and oo~vaa~sh oE sdd p~omi~or~? note and t6b deed, or either~ are not dnfy paf~nrcnal, oom~ with and abided by~ tl~e ag~egate som mentloaed r lu ssid p~omissory note and aay o~ther amonnt oe~ amouab added to the mortgsge fndebteduas wides tbe tams of t6is moitg~ge shall beoome due and pavabb fo~thwith or tberafta at the option of tbe As~ociatioa, ~s fWly and ao~apktdy w if said ag,~regate withMandin~ was aigmaUy dtpuLted to be paid m s~ch day. aaythiag in said promi:sory note er haein to the oontraty not- & ~ T. To deliver ~o d~e Associatioa, at ar beforo March IStb~ oE eecb yatr. Cu t~eodpts evideoc~ng tbe payment of ~all 1aw• i fi~Dy fm taus Ior tbe pra~eding cakndary~u , tu ddiver to tbe Assodadou reodpb evjdaotLg the payn~enit of all lieas ~ f~r pub~~eu~v~a~b' v"tthia nirktY (90) days aEtar tbe sams shaII beoaoe due and payabk~ aad w pay or disdwrge witLin AinetY (90) ys :feer dne dace, any snd ali govem~atal bvbs tLat a~ay be made on t6e moct8a8~ P~P~Y• on this mrntgage ~ or note. ar in any other vv~y rrwttb~g from the awrtg,age indebeedne~ a~ecucrd by? this aartgage. ~ 'e'J:~c~ ~ ji~:f;[~~J~ , . ~ , .