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Home My WebLink About1964 ~MMe~~il\~~~'• x'v~r ~~•~f:. '•.~rT~ ~ _ _ - _ 1 ~ ~~~r~.~.--~.. - r , ' • ? ~ ~ , ~ • 1 { i~ ~ ljlb0~ ~ Q1d0~? EO OIIE~ 11~i0l1~ ~!0{~r~ ~ AIjO'~? illld ~LD~; ~It~ f~~ VDd ~f ~'00'~001 ~ d[ICt101~l100~: \Y~lO~O~f11Cb ~ 1MI~f1100~ IDO la ~0~0 ~A ~O i~ Vlld ~D ~IA Ai~OCiYl~OR ~f IUt 1'E~~011t~? b0 ~ i'Eq11f[~O~j Nd ~~!~O bll~0~? ~11~ Mitl~1~ ~10 ~O ~ iw~ ~tlld ttl~ Wm ~0~ ~d p1110 t~fl3~ ~}10 ~WfU~ Clt~in,t Of ~I ~1!l~0~1t WbORq00'Y!!. . PROVIDED ALWAYS tluat i~ tbe M agots shalt well and truly paY unto !he Assbciatlai, tbe indebtednas evida+ioed i b~? that catain p~oiy aoE~ of ev~ea dats m~ls by the Mortgagors and paynble to the Association, in t6e P*i^~i~ run oE _..SEVEN_THOLISAND_riINE_HUNDRED AND NO/100 Dollars (s.7, 900.00 which nota, togexher with jnterest tl~ereon as tberein specifiec~, is PaYabk in monthly installments of- _ FIFTY EIGHT AND NO/100 58.00 ~ . an tLe....~~#~_.-------day o~ each mon@? ooaame~m~g w;th.__.__. 1Vlarah 15, 1965 ~ are to be a ~rst ~o inte~at, and the balai?oe b princip~l, uatil satd i~ideb~edr~t b paid in full, aad sL~II parfo~m, - ~ witL aad a~e 'by each wd avery the ipWa agreet~eata~ ooaditions a~ oovdwnb of said pro~isaay nota and~ ~ ~~8e• ~~°8 any advanoa nwde by~tbs Assochtion to the Matgagon, oc tbeir s~iooa9ors in tida, for anY P~P°~ at any time before tbe :rkase and cancullation of this mo~tgage, but at no time shalt this matgage secure advanc+es an aecount of said original note together with such additional advances in a sum in ezoas of._S.FaY~~T_~OUSAND NII~1E _ . __~[IND.~,~El~ AND NO..~100 Dollars (=_7~ 900.00 ph~s aay advan~es neceuury to psotect tLe sec+uity and costs, thea this deed and the estate hereby created shall cease and be null snd void. AND THS MORTGAGORS DO bereby a~ve~wut and agree: 1. To pay all and singular the pdacipal and intere.st 4nd otl~er tums of moaey payabb by virtue of said proraiasory note and this mottgage, or either, promptty on the daYs t~spectlvdY the sazne severa~y come due. 2 To pay ail and s6ngdar tLe ta~es. asse~ts. bvfes, liabilities, obUgatlons and ~mb~anees of every natura and.ldnd naw a~ said descxibed property. or that he~+eahu awy be an~p~suffered, placed. levied. or ~ssed tbereoo, a tbat hereafter may be kwied or a~d upoa thii M«tgage, ar tbe in b secured henby, each and ev~r~ whea due and pa bk. aoaurdiag to law, before tbey beoome deliaqueat, and before any iaterest attadks or aaypena1ty is iac+ured; and ~ as any d~ereoE is of reco~cd the same sliall be pmmptly satisfied snd disrharged of reoord and the orig~nal offkial doc~,nna~t (such as, for instance, t~e taz reoeipt oi the sati~Esetion p~per offidally endorsed or oertified) ahall be placed in the hands ~ said Associatiau as Modgagee within ten days next after payment; and in the event that any thereof is not paid. satisEied and di~cbarged. said Association may at any time pay the same or any pazt thereof without waiviag or affectiug any option, lien, equity or ri~t under or by vutue of t6is !?iortg~ge, and the fiill amount of each and every such payment shall be immediately due andpa ya le . and sball bear iaterest from the date thereof until paid at the ratc stated 'm the note securecl htreby and together with such inter- est shaD be sec,ired by the liea.of th;s Mottgage. . ' 3. To keep the buildings and all equipment and personal pro~erty now or heseafter on said ~ oove~ed by thts ~ rnottgage. uuure~ in a sam eqoal to at least the amount of the mortgaRe~ or an aawunt sufficient to oompl with aay oo-iruur- anoeseqwrement ouvering tbe same under the laws of the State of Florid~, covering bss fmm both fira ~ storm, making the loss under said policies, cach and every, payable to the Auociation, ~u.uwrtgagee, as its jnterest may appear, and said ins~uance s~wll be in a good and responsible insuianoe campany satisfactory to said Associatioo, and writtea by aresponsibk local agent satisfaetory to said Association; and tbe policy ot policies slwll bear a standard mo~tgage clause without ooatribution, and sl~all be held by the Anoci~tion, and, in the eveat any sum of moaey beoomespayable wndcr such pulicy or policies, the Association shall have the option to reoeive and apply the same an aocount of the indebtedness hereby sa.vred. or to penmit the mortgagors to ; receive and use i~ or any }xu~t thereof, for ot~er purposes, without thereby waiving ~ imp m any equity, liea, or n ht ~wder a~ g g w :u~d by virtue oE thie mortgage, and may plaoe and pay for such insuranoe~ or any pait thereof, wit~t waiving or affeMing ib option to foreclose, or any right hec~eiu?der~ and the fuU amount of each and evay such payment shall be immediately due and payable and shall bear inter~tt from the date thereof until paid at the rate stated in t~e note secured hereby and together with such interest shall be secured by the Uen oE ~this Mcxtgage. ' 4. To pennit, commit, or suffer no waste, impairment or deterioration of said p~opexty, or any put thereof. and upon the hiluro of the moitgagon to keep the bnildings on said property in good condition of npair, the Association may demand the immediate repair of said buiWings or tbe immediate T~paya~enE of tt~e debt hereby secured, anJ the failure of the nwrtgagon to oomply with said demand of tbe Association for a period of Thidy (30) days, sl?all constitute a breach of this moit~gage, and, at the option oE the Association, ~iately mature the entire amonnt of princip~l aad interest h~reby seaued, aod tbe Associatian, immediately and without notioe~ may institute proceedin,s to forecbse thi~ mortgage and app]y for the sppoinm~ent of a Receiver, as h~e~after provideci. 5. Tl~is m~tgage cac?tract provides for additiorul advances which may be made at tbe option of- the ~ssociatio~u and sec~u+ed by thit modgage, and it is agreed that in the evmt of sudi advances the aanount msy b~ added to the mortgage debt and s}~aD increase the unpaid balanoe of the note hereby sec~ued by tbe sanwmt oE s~ich advance and shall be a patt ~ aaid note indebtedness under all the terana of said note and this oontract as fWly as if a aew such nMe aud oontraM were executed ansl delivered. M additiooal advance agrecmeat may be given and aooepted for seuh advance and pmvision may be made for differeat monthlY payments and a different u~terest rate aad othere~preu awdifications of tAe oontract, but in sII other respects this contrad s~ll remain in full force and effect as to said indebted~u, iaclud'mg all advances, 8. If any of tbe sums of monry herein referred to be nat P~'~P~Y ~~Y P~ within T'hirty (30) days nact after~ ~bs ama~ ~sverally cows dua and p~yable, or If eacl~ and every the Hons; aSreeme°t, oondttbos, wd oavenanb of saki promtuory nate and thb deod, ~ eitber, are not duty pafn~med, oomp~ with and abided by~ tbe agg~+egate ann mmtianed ta ~Id promissocy note and any o~tber auioont or amoimts added to the matg~ge indebtedness under tbe tams af this mo~tgpge shall beoaa~e due nud pay~ble fo:tLwlth o~ thcrafter at the option of tbe As~ociation, as fuIIp and aompktdy as if said aggregate nnn~awney was orig;nally sttpuLted to be paid oa sueh daY~ °AYthinB in mid promissor~? note or lxrein t~o ihe coatiary rat_ 8~ 7. To ddiver t~ tbe AuocisKoa, oa a~ before March 15th, of eacb ye~r, tax reoeipts evi~pn8 ~!'~YlO~t of ~sU 1aw- i fully im tazes 6or t~e pr~ecxding cale~ry~r ; to deliver to the Auociation reodpts evjdeacing the paymeat oE aIl lieas ~ for pub im b within niaety (90) days aEter tbe same shall heooaoe due and PeYabk. u~d to Pa7 a d~ha=Se ~ . ninetY (90) ~due dst~e, any and aD govunmeatal levies tl~t may be m~de oa tbe mo~tgaged pruperty, on thi= mortgage : ar iwte, o~ in aay otber way resulting fran the mortgage indebtedneu secuned by th~ mortg,~ge. i - ~~,R~ 111 F~~~ 1fi0 ~ C~ . v . ~