HomeMy WebLinkAbout1672 ~ 1.+~~ V~~..~~.~ • •t ~1 . . ~ ? l l'J. . ~ . . . .
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it ~ f14~p~oe~ Y~ ~~D ~ i1p0iD~ bD{d, OOCttpy i~ MlR~O~? fa1~ ~Mpf~j t~t 1M~ ~Od ~ ~f~Ob t1'Orb ~ d114111n~110eM;
t~t ~rr~i aWos~moh iatthrt wottn0er t~o p~[ed tbs ~es dmp~le t~1s ~o ~aid land ia d!s /1~~ocftlios s~ aay re~a~nbty? be
~ yd~ do ~r in~? ~n~r~nt tbe 4id~s ~o_p?id bad ~nd witt defaud the ~ame ~gubwt tha law~ful ct~ar?s oE
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PROVID$D ALWAYS tWat i[ tt~e M Sas si~ll w~ ~ trWy PRY ~mao the Ass~Lttoa, tl~e indebtedne~ avWa~aed
by rb.t c~Ra~ p~+omit~ory noeg of e~en ~a~I~, m~d~s by the Moatga8o~ ~nd p4Yabb ta~ the Aa~octacica, in the pdncip.l
~ Of _..lKlYR.[~C:4!L.~Jk11[_1V_w:F~1«C-_~SG~l~7!_~!l.A7.i+C~i/~a!_.~7~?.\il..i.\.l~!~.~YQ.~.~~r_~~~_~.,..~$IS ~+9il~41?Of.~~!...... '
whic!? noGe„ tc~gether with i~te~ t}~erean ~a thercin s~ecifie~d, is Ps.YBble in mwnth2p inshllmcnb of
._._~E~-F`O~R AND NQ1..lQQ~ ~.-~-.--.--.r..r..---_-_---.~--r --:~_----_-Doll~:s ~i----~~.QQ..__.__
an t}~___B#b.____...day oE e~ch manth oo~nme~cing with--------__~_._--Mew 6, 1g6~~1 wbich paymaita
' ~rs to be ~pp~ied. fhrt ~o iatacat~ ~ad t~e ~l~e to prindpal, unt~til said ~dabtedness i~ ~~sld Ln fan, and a6~I! perfr~:m, oo~pn?
with ax~d ~akb by a~cEt ~nd every t~e tioas, agreerr~nts, co~nditioas and o~v~enanb af sRid prvmi~aory note aad tLfs
~~~0. ~E anr ~dvamoea ~by tbe Assa`lation to the Ma~tgagors~ or theLr :uoaeaiors in titW~ for a~ay pua~pose,
at any t3me hefara tl~e rele~se and aanoellatios? of this martgage, but nt no time shall thii mortgage aecnre advanoes oa account
of aaid a3gi~w1 note toged~ar with auch additianal advances in s? su~n i~, c,xcas afw~EY~ TI~4~. FQ~_.__..
____..H~iNnRFn ~id~_I~I~~SS~O~
~=-Y '~.~='---..Dallars (;._.~,~_~Q..Q~.__..j, phu aay advances n~ry
to pr~tect the secudty aud caata, tl~er? tbis deed and the estate hereby cxe~ted sha11 cease and 6e nnll and void.
~ AND THE MORTGAGORS DO bereby cuvenant and agree:
~ 1. To pey t]1 and aagular the p3ndp~1 aad interest and other aums of maneY PpY~~b by virtue of said pcaRi~ssary ~e
~nd this mo~tgage, or eithar, Pr°mP~IY on tbe days ra~pectivcly the samie severslly c~ne due,
8. To pay ~Il sad aaigular the tuea, a~?ts, lovies, liabilities, obligations and inc~rcrbrgncas of every wtture aad kf~
no~v an aaid dmcrlbed pvpesty, or that here~fter may be Impaaed, suEfered, levierl, cu asseued, the~reaq or that berwftex
may be Zevjed o~ asaessed ~poa thh MatgaS0. 0~ tbe indebtsiness hereby, cach and every, wbeu due and poyable,
aa~ording to Is?w, before thiey beoome delinquent, and before ~?ny intere~ attsches ar aay p~
ty b frx~~red; and I~o~ar as
~ny t~reof ia af raeord the same shall be P~P~Y satisfied and diceharged o# reoord end th~ ori~ ofHcial docuaaent (such
as, fo~ L~stance, tbe tw~ receipt a the satisfaction paper officially endorsed or ccrtified) shall ba, placed in tha l~anda a~ said
Associat3ao ~s Martgagee wltbin ter, daya next after paymenc; ax,d in the eve~,t that any thereof ts not p~id, aatisfjed and discharged,
said Associa?cion may at ~ny time pey tbe sama ar any part thercof without waiving or affeeeix,g any option, Iien, equity ar ri~t
undet or by virtue of this Mortgage, end the full amount af esch and every such payment shaU ba ixnmediately due andpa
ya Ie
• utid ahaIi bear interest frnm tbe date tbeneof uatil paid ai the rate stated iu the note securetl hereby and toget'her with such inter.
est shall be see~u~ed by the lien oE this Maztgage. .
. 3. To keep the bexildings and alt eqnip~nent and personal property now or hen~s~fter on aaid p~rt~niaes aovered by th3s
mortgage, insured in a sum equ~! to at kast tbe amount oE t6e aRe~ o~ an annount sufficient to eompIy with any co-insur-
. anoer wrea~ent covEring the same ~md~er the IaMrs of the State of rlda, covesing bu from both Eire and s~orm, making the
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lasa under said policies, c~nch~ and every~ PaY~thla to the Assodation, as mortgagee, as ib interest may appear, and said 'uuurance
shall be fn ~ good and rnsponsible insurance canpany satIsfsetory to said Aasociation, and writtea by a bk local agent
satisfuctory to said As~ocistion; and tbe policy or policies shall bear a atandard mortgage clause without contri ution, amd shalt be
held by tha Associatian, and, in the rvent aay swm of money becomea ~yable under such policy ~ policies, the As~iation shall
have the opbon to recxiva suxl applJ? tha same on act~ount of tbe indebtedness hereby serured, ~ to permit the tna agors to
rxeive and use it, ~ any part thereof, for otl~er purposes, without thereby waiving or iai any equity, lien, oz ri~gt under
:usd by virtue of thic mortgage, and may place and pay for such insurance, ox any part t~ without waiving or affecting its
optioc? to foreclose, ar er?y right her~uader, and the full amount of each and every suth payment shall be immediately due axid •
payabte and shal! bear inte.rest from tbe datc theranf until gaid at the rate stated in t~e not~e secured hereby and together with
such interest shall be secured by the lien of ,this Mortgage. .
To t~ commit, ar suffer no waste, impairmenc or deteriaration of said proPerty~ ar cuny pArt th..-reof, and upon
ihe fniiura of t~mortgagon to kcep the buildings on said ~aparty in good condition of repsir, the Association may demand the
immediate repair of suid buildinga ar the immediate repaysnent of tbe debt heret~y socured, and the faitur~e of the mortgagors
to complY with said demand of the As~ociation far a period of Thirty (30) days, shall conatitute a breach of this mortgage,
a~i, at the ogtion of tbe Ataociation, immediately mature the entire amour~t of psIncipel and iaterest hereby secured, et~d the
Association, immediately and wit~wut uotice, may institute proceedings to forecbse this mortgage and applv for the appointment
of a Aeceiver, as bardnafta provideci.
5. "1'hi~ matgage ao~tracc ~uovides for a~ditionul advs?nces which may be made ~?t tt~ optior? of the asscscia~ioa and
spd sbnll~~
tbe ewe~ ~bslaaoe of~tho note l~ere ~fa~ea~edsb~l~e atn~wn ~ s+ucts adv~nce and :hall be ~g~gof atid
nvte bndeb~ness undu a~tbe terma of saW note axid~this oontrac! as fulty u if • new s~ch node aud conbact wered cecuted
anil deliverod. M addiilunal sdi?ance agree~nent way be given ~nd aocepted for wch advxnce and provision ~y be ~iade for
difEerent ~ttily paymenb and a diffene»t intere~t rac~ and other rac~eu modifica~io~s af the oo~tract, b~ut in aIl ather~tespects
~ thls contrset shall rsmafn in fuR faroe and effect as to said indebtedne~, iincludfng all advancea. • t-
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~be au~e a~vasIly co~me due and p~~bk, aR if ~r and every tl~e stipeil~bons, ag,reemeas~ canditions, snd aoverea~tr of saicl
p~asni~ory note a a
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d with anc~ abided by~ tLe aggregate ~rm ~rientlaned
: ~ ~afd promtsaa~? uote u~d any ot~er anaau~t ar arraiatib added to the ~tgage indebt~d~ ander tbe tesms of this'mortgsgc
sbalt beeame due and psye~We forthwit~ er t~raker at the opt3on of the Asmoc~tjon, u fully and oompktely as i£ said aggregate
witY~adina'°°°y waa onigu,ally ~paLted b be p~aid a, ~uwrh daY• ~Y~B ~~~~~7' ~'wRe o~ }rercjn ta the conlrary not-
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To ddiv~er ~o tbe A~sociatioa, a? ac bafore Msr~eh 15tb, oE ea~h yau, tax reodpts evid~endng the paym~nt of ~aII Iaw-
tully ~ cuas foz t~C pe+e~ng c~kndaryenr; eo deit,~er co tl~e Assnd.ctoa recdpa evidene~g rhe paym«,c o:E ,~u lien,r
n
for i~a w~i~? nineey? (80~ days .fcec the ~c~e sh.n t~o~e an~ ,u~a p.y.bk, andi to p.y oc aisa,.rge .vithin
n~etY t90) ~d~e dace, .~,y a~ .n ~,~cot ~ ct~c ~y ~ a,.a~ ~ c~, ~~~a ~o~cy o~ th~ morcgage
. or note~ oc fn any etber wa~? rrsuhing from t!~ nwrcgage inciet~tad~s secwed by thb mortg,age.
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