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Home My WebLink About2321 at all ~peaoe~Wy and quietly to entec upoa, hold, oocupy and anpy aa~d Wad; that satd Lnd is fres •from all ex~cumbrar~oes: tbat~ MriII a~aks such fu~that wuranoa ~ pecfed tbs fes dmple title to aald lu~d in tbe As~odatioa as may rasonably be r~q ,~nd that tl~ey do bereby h~ltp w~ttaAt tbe tide to said land aad vWll dafend tlte same pgainst the lawful claims of alt persons whomsoever. ~ PROVIDED ALWAYS tl~at If tl~e Mcutgagors shall weU and tnily pay unto the Association, the indebtedness evidenoed ~ by that certain prowissory noL~, oE ~ date ~cawitL, msds by the Mortgagon and pa;rable to the Assocfation, in the pcincipal FIFTEEN THOUSAND AND NO/100. ~~~n 15 000, 00 sum oE - ~ - - - - . . - - (S ~ ) 77.50 due on__ . , which note, togetber with interest thereon as therein specifial, ~is puyable in monthly instalfinents of. ~ . March 19, 1965, ~75. 00 due on April 19, 1965, and ONE HUrTDRED EIGHT AND NO/ 100 ' ~ 108.00 ~ --._.__.._.Dollars i-----~ - - • aa the___ 19th---..~__day of each month commencing with---•-----------_---M8~,19,__ 1965 ______.___------_.._._which payments ore to be upplied, f;rst to interest, and the balance to princapal, until said indebtedness is paid in full, and sliall pe:focm, oomply with and abide by each aad every the sti dons~ agreements. conditions and covenanb of said promissory note and this ~ moztgage,, Md, including any advances ma by the Assoclation to the Ma~tgagon, or their suoc~ssors in titlv, for any purpoae, at any time before the release and cancellation of this mortgage, but at no time shall thu mortgage secure advances on account of said original note together with such additio~al advances in a sum in escess of______~__.__.__.___~.~ _FIFTEEN THOLISAND AND N~.J~QQ ~~--_-noll~s {i--1~._4QQ..4Q----). plus any advances necessury to protect thc seeurity and costs, tben thLt deed and the estate hereby created shall cease and be null and void, AND THfi M(~RTGAGOAS DO hereby cvveaant and agree: I. To pay att and singular tha princi'pai and interest and other sums of money payable by virtue of said promissory note and this mortgage~ or either, promptiy on tbe days respeMively the same severally come due. 2. To pay all and singular the ta~ces, aue~ments, levks, liabilities, obligatiuns end incumbrances of every natnre and lond naw on said desc~ibed pinperty, or that hereafter may be im~ sufEered,~ced, levied, or assessed thereon. or that hereaker may be levied or assessed upon thit Mo~tgage, or tbe u?de tedneu secur hereby, cach and every, when due and pa ble, aocording to law, before they become delinquent, and befor~ any interest attacbes or anypena1ty ii incurrEd; and ~ar ~s aay thereof is of record the same ahall be prompdy satisfied and discharged of record and the original of8cial documeat (such as, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placect in the hands of said Associatiaa as !4iortgagee within ten days nest after payment; and in the event that any therrof is not gaid, satisfied and discharged, said A.ssociation may at any time pay the same or any part thenwf without waiving or afEecting any option. lien, equity or right undar or by virtue of this ~iortgage, and the full amount of each and every such payment shall be immecliately due andpa yable : aad shatl bear interest fmm the date thereof until paid at the rate stated in the note secured hereby and together with such inter- est shall be secured by the Iien of t6is Mortgage. 3. To keep the buildings and all equipment and personal property now or hereaEter on said premises covered by this modgage. insured in a sum equa! to at lcast the amount of the mortgage. or an amount svfficient to rnmply with any co-insur- ance reqnirement covering the same under the laws of the State of Florid~~ covering loss fmm both fire und storm~ making the loss under said policies, cach and every, payable to the Association, as modgagee~ as its interest may appear, and said insurance shall be in a good and responsible insurance company satisfactory to said Associatioq and writtea by a responsible local agent satisfactory to said Association; and ihe policy or policies shall bear a standard mortgage clause withont rnntribution, and shall be held by the /lssociation, and, in the event aay sum of money bec.~omes payable under such policy or policies, the Assoc,yation shall have the ophon to receive and apply the same on account of the indebtedness hereby secured, or to permit the mortgagors to receive sind use it, or any part thereof, for other purposes, without thezeby waiving or impairing any equity, liei~, or right under :u~d by virtue oE thic mortgage. and may place and pay for sueh insurance, or any part thereof, without waiving or affecting its option to foreclose, or any right hereunder~ and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereoE until paid at the rate stated in the note secuned hereby ared together with such interest shall be secureti by the lien of ~his Mortgage. To pezmit, oommit, or sufEer no waste. impairanent or deterioration of said property, _ or any part thereof, and upon the failuro of the mortgagors to keep the buildings on said p~»perty in good condition of repair, the Association may demand the immediate repair of said buildings or the immediate repayment of the debt hereby wcured, and the failure of the mortgagors to oomplv with said demand of the Association for a period of Thuty (30) duys. shall oonstitute a breach of this mortgage, and, at t~?c opNon of t6e Association, immediateiy mature the entise amount of principa) and inter~st hereby serured~ and the Association, immediately and without notice, may institute pmceedin;s to foreclose this moitgage and applv for the appointment of a Receiver. as bereinafter provided. 5. This modgage oo~tract provides for additional advanc~es which rr~ay be made at the option of the association and senued by this mortgage~ and it is agreed that in the eveat of such advances the amount may be added to the mortgage debt and shaD increase the unPaid balance of t6c note hereby seciued by the aa~ount of such advanc~e and sLall be a part of said note indebtedness under all the terms of said note and this eontract as fuUy as if a new such note aad contmct were executed nnd delivered. M additional advance agreemeat may be given and aaceptecl for such advance and provision may be made for diffei~nt manthly paymenb and a difEerent interest rate and otherespre~ modificatbns of ibe oontraM~ but in AU other respects this contrad shalI remain in fuA force end effect as to said indebtedneu, including all advanees. ~ 8. If any of the sums of maney herein referred to be not P*~P~Y ~a ~Y P~ ~"'i~ ~Y (30) days next aher "the sama severaUy come due ~nd pay~bk, or if exch and every tha stipulations, agreement, conditions, and covenanb of said Pmno,is~ory note and tWs deed, or dther, are aot daly performed, complted with and abided by, ihe agg~regate sum mentioned in said promtssory note and any othcr amoaat or wnounb added to the mortgage indebtednas under the terms of this mortgege sball beoome due and payabb forthwith or the~c~eafter at the option of the Asso~ciatioq as fully end oompletdy as if aaid aggregate withstnnd~ was originally stipulated b be p~xid on such day, anything in said promissory note or herein to the contrary not- & 7. To deliver to tbe Association, on or before March 15th, of each ye~r, tax receipb evideocing the p4yment of ~all 1aw- fully imposod taxa for the prec~eding calendaryear; to deliver to the Associatioa receipts evideacing the p~yment of aI1 Iiens for public imp~ovemenb within ninety (9pj days aker the same shap t,ecome due and pQyable, and to pay or discharge witbin ninetY (90) days after due date, any nad all govemmental ]evie~ that may be made on tbe matSaB~ Prolx'~Y• on this mortgage or rwte, or In any other way resulting from t1?e mortgage indebcedness secured by this mortgpge. b.it' ''1~t~~~ t ~u~i~ y ~ , ~ ~