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HomeMy WebLinkAbout0734 . ~ ~ .r . l~...~ ~ea.. a.ti_~++~..:b ..l+ a . ~ • - . . .'~i~v.1r~~..~lt"~~:~~1dr%•"f+~K'7?~a:.~'i+.~r.t~~~~~?1•~•~:_-!~~` -v= ~ , , { 1 . . • y . at ~lt tinerpw~W~? arrd qaMtl~?1a wrrr vip~o~. La~id, nnd mpr ~rd Wa~d; tlw~t ~id lwd r 6rrr 6004 a0 ~brmoar, _ t6~t w~ se~b ~ i~at~r ~wtaeoN ts p~t~ d~apk t~lr b~id Lad is tbs ArodRtfo~a a rr~y redoaaWy bs eeq~r~e ~.pa a~t e~? ao i+~nyr ~ a~s e~ds ta .a~a tu,a .da wm aefma cbs .ae~. d,e L,~fn1 ~ of ~ aII parsone ~ • ; PAOYIDBD ALWAYS tLnt ~ tbe~ M d~lt welt ~ trulY Pay un~o t},e A~tbq tbe indebtednee~ ~avidenosd : 6~? ~.c o~ pro~~.ary ,~ee, a~ ev~ a.~sa~ m.~s br r~ M«c~~~o~r .,~a p.~b~e m s~ ~dop, ~ c~ p~pa s~n aE .......~NE.TH~IJ3~A~TU.S~X_~iiJ11~2REI2..ANJ~_NOl1Ql~ _-.--.---.--_-.W --.--po~llars (i ...1~..~04,.00,- ;i ~ wbich notR t~o~ether vv~th ~t~er~est t}~a+eon ~ tberein speC~fied, is payable in ~,outhly ir~sh)l~r~b of.- 1~ „ . ~ . _l1N8.1~I~?1.1Q4.~-.-----------------------~-------------_Do11,r, { 16.00 ~ i~ . i-----......._...__... , ~ a, tha...._~Qth._..~..day of wcb~ asaoRh oommanemg with-----._~~Q. i985 ,r,~~ Pry~ - aze to bs +?=pp~ied, ~at e~ io~erest, and t6e 6~noe ~o pri~idp~t, uattl taid ~ is paid ict tull, snd d~1! oom~i~? witfi s»d bida bp e~ and e~vary tbs a~tr, ooadition~ ~nd ooMenanb oE aid p~omi~~ay n~ode ~ad tMs ~b"R• ~~Y sdvanoe~ a~tba As+~oct~rtiax to tbe MortgagOn, or t~reir in tid~, far tnY P~ri"~ ~t ~any t~me be[oe+e ihe rekae and ~tioa of th~is m~tgpge, but at no time ~haII d~ Aw~tgaae sec~a~e advaaoes an aoooin~t I' T ~r~w ~~T f ` Of fl~ Ci1'~iM2 OOEO b0~B~1E!' W~1 i11C~1 ~itioll~ ~VS!]C~E lII A SwYi ltl CXC~ Of~~....j a~v~ND ?S~ zavl~D~iD ~ AI~ N0~140 1 600.00 ~ (i-- '-_._~....._._~_-).p~s +wY advsnoes nacessary ; ta peraaei.t t6e sea~ty wd oous„ tL~n this deed and the estaoe hareby created s}wU cnaae arxl be r~ull ~a~nd v~oid. AND THB MOA'I'CAGORS DO hereby a~va~snt ~nd agree: _ ; 1. To p~y aII aad t4?gu4r the prjadpal and interest aad othec wms of 'moneY Pay~?bb by vittue of aaid p~amtssory nooe ; and thb nroortg~ege, ar eitlrer. PromPtFj' arr tbd daY~ ri~apectiv+atY t~a~~m~e ~"e~aD~' +ea~e due. . ° 8. To psy atl aad s~ngular the tuet, s~seamaab, levie,s, liab~iHes, obligatioas and ~ af ev~y aatue+e and kind - = rwrr on :aid descaibed p~ty~ or thtt het+eal~er mry be ia~~, auff~e,~d~ placed, b~vied, or as~eased thereon, ar thst ha~+eaftar e may be Ieviec! ae as~red upoo tbia Ma:tgag+e, ar tbe inde e.ss xromd l~by, cach a~d avtry, whea doe ar~d pa bk, ` aconed~ ~o hw~ befare t~y ~ec~ deliaqumt, and before aay intesest atta~ ~ any is, i~urnd; and ~uoo~r as f sny tbereof is af reoad tLe ~me shaII be pmmptly satisfied and di~charged of rooord and t~ginal officiiel docvmeat ( auch ~ a~, tar ~uree, ttre du~ recxipt a~ the sat~tfacciaa pst~r affidally endaarssed ~a~ cartified) a6s?tl be plac~ed in the h~?nds flf :aid A~toc.iatian as Mortgagee wit6ia tm days nezt after payment; snd in the e~vent that any tbes+oof is not p~id, satiaEied and di~charged, - ~ raid Aa~ociatioa may at any time pay tho sAme or any part thereof without waiving ar affecting any optian, lien, alufitY or right ~mddr or by viriue of tbis Mortgaga, and tbe full amauni of eacb and every such paymont sehhall ~a immediate1y due andp? yable all ' aad s~II bear In~erest fxoen tbc date thereof until paid a! the rate stated 'm the note secured heseby and togetl~r with such inter- est shall be seriu~ed by tbe lian of this Mortgage. . . , ' . 9. To keep thd lwil+dings And all equiponent and P'~~~ I~P'~Y naw or ~fter an a~ud premimes cavered by t}~is ~8"0. insured in a s~m equal to at kast the auwunt of the w~gage, a~ ~nn amount suffkaent to comp1y with any co-insur- an ~nce uirame~t cavaing tYw same ~ the lawa of t6e Smto af Florida, caver;ng bss fram i~oth ffre anci starm~ makfng tha loss saici P~oli~irs? each snd t~'erY. I~YAbla to the Assod~tioa, ~as mortgagre, as ib iat~ may appear, and said insuca~e shaIl be in a goud and respo~nsiblQ 3naurance oompany satisfactary to said Aseociati~?, aaci. writ0e~x by a ~ bcal agent aa~nry? to said Assaciatiai; and the policy or policies shall bear a standard martgage clause wItbout coatribuH~, and st~all be held ~the Associatios~. and, in tha ever~t any sum of money beoomeapa ya6b ~er s~eb pot~y ar policies, the A~iation shall ~ have o to rcceive sad apply tha sart~e ar~ acc~unt of the indebtednesa beteby aecvred, ar to perrnit them~rtgagors to nec~ive an~ it, or any p~t theraof, for otker puiposes, without thereby wxiving or imF~airing any equity, liea, or ri g~t under . and by virtue of thi4 m~tgage, and msy p}aoe aad pay for auch insuranoe, or auy part d~ereof, wit}wut watving or aff~ecting ib ~ opt'iion ta foroclase, or any rigbt heseuinder~ and the full amount of cach and every such p~yment sh~12 be immediately de~e and paystble and shaU be~ar inte~st fram the dsete thereof until paid at tbe rate smted in t~e notc secural hereby szid together with . such interest aha11 be sectnred by tt~ }ien of ,this Moctgage, , ~4. To t, cnmmft„ ~ su#fer no wsste, impairment ar deterioration of sai+d prapesty, aar any part t~ereaf, and upon the failtu~ of t~nortgagora to keep the buildings a? said property in good eondition of sepair, thr Associatioa~ may demand the im~diate repair of said bnildiaga or the immediate repaymeat of the debt hereby sccurad, aad the failure of thG m~nrt8'~8~ to cximpty with axfd dt.mai?d of tht AtsocJs~tian far a oE s~sall h~ gag~ ar~d, a! tbe option of tbe Asaodation, immediatdy n?a~redthe en~b're tarnow?tIIaf p~InrIpal~intereat hereby se~red, and tbe _ Aasociatian, immediat~scly snd witbout notice, uiay iastitute pt+ooeedings to forecbac thia mortgagc and apply far the appointment af a Reoe.tver~ a~ be~fhr pr~ovidec~. ~ 5. 'I"his mortg~ge oa~ntract provfldes f~ addition~il adv~?ncea which may be made at tbe optyon of tbe aayoc~xtioin aad :s senmd by thb mostgage, nnd ft is agreed that ia tha event af such advance~ the suwunt may be added m the mortgagc d~bt ' a?nd sbaA facse~se~ tbe ~mpsid balanca of the nota ber+eby secured by the amo+mt of such advanca and shaA ba a part of snid ~ ~ note tr?debtedness w~der ill the t~ of said no~e and tbia ooatract ~ f~lty u if a new sach aotc ~nd contraet were exc~c+fted ~ and delivered. An additianal edvanoe agaeea~e~t ~nay bo given and ~ccepbed fo: wch advanoe and pravi~ioa may bc made for . diffa~ent mas~tblp paY~omenb and a diffe~rmc interest rate ~nd othar modtficatiom of tbe c~or?trsct, but 3n AIl othra respect: . this ooatrsc;t ~Il r~ in fuD foe+rmr aad ef#iect xs to ssid indebt~ Lndeuling all adva~nee~, _ ~ .ry ~ e~ ~ ~ ~a o~ ~ ~c ~~y ~a ~r ~.ja .~c~ ~er (so> a.y~ ~ .hn ~ a ~.s» ,~v.:.uy? oota. aw .na par~bM. a tf e~ .na .vwy tb. .~Oat, oond~foas, .aa covaa.na of .~sa ~ pramb~ay note uid thb clesd, ar a~tl~. ttb ~aaR dal~r perfora~ed~ ooen~p~ aad abided by~ t'!ys ag~,reg,abe sa~p naea~er[ ~ said prombsory note sad ~ay a_t~es amo~ a~nwanb ~ddad to tba maRg~age ~ undex the tecros oE thfs awrtgage ~ 4 ~el! bec~omm deie aad pRy~ebb fat~vrith or tbera~feer ~t tbe optlon of tl~e Aswciatia~, si fuDp and ooaaplebe~r ~s if ~id aggregate ~ ~ am? ort mo~ey was ai~lly ~bd ta bs paW oa tuc~ dny, a~aYthfiay~ in aid Pra~ia°tY not~ ar here3~ to the ooatrary twt. ~ witl~adia~, ~ 7. To dcHve,r fia d~e Asso~tioq an oe befa~r March 15tb, oE a~h Yeu~ duc reoeiPb ev~e~g t~e p~~t of ~all Lw- fnltr~ t~es for t~e preoeding c~la~ar~ar r to deHver ta the As~ocirt~aa re~eipts evideu~c~ng tba paycac~at ef aII lie~s ~ ~ 9Q ~ wk~ n~t~' (90_j d+q*s.sfta ffie sarae thal! heaonae dua and pay~ble, ux7 to pay of dix~rge rvithin ~Y Ys sny ud aD g~tallevies tbst may be m~de on the n'°rtgx~ed Pt~o~ertY, an th~ martB'ge ~ a~r ~ute, a in any otl~ear ~vay rasu~g fer~m the m~artg~g,d ic~debte~dnt~s aecured bY this mortgage. ~ ~ ~ ~ ~ , ~ ~ ~ ~1Z4