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.t .H weeispe~aa~b~? aod qded~? b.o~er u~poa, l~o~ld.o~up~? .ud mjop ,ad lmd; e~t ~.W l.nd i~ bee iroru ~?li ea~a~lrnusoat; ;
tl~t tbey ~r~ ~rlo~ snc6 f~ a~aa~o~t tp pa~~eot ebs f~ ~iCnpis t~ls to ald Lad ia eba A~od~tioa a m~~r reaoo~blp 6e '
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uir~ed, ~ndnd~ ao Lereb~? tu~r ~w?rr~nt t6s t~s :eo a?id had and witl defeud tl~s am~e ~6ab~t tbe l~wful cdbnu oE ~
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PROVIDEU ALWAYS t6at if tbe !i[ ~ars ~rlt well ~nd trul~? P~7 ~o the Asr~bclatlo~t, tbe ia~nes~ e~vidaioed
by thac cart~ia p~m~ar~' no~e, of avea a~tea~ m~ds by che Ma~.go~s ana p.yawe t~ c1,e Aswd.e~oa, in che princ~pai
rum oE _......aSEYEH.T~S?US~~
F~Y~'i._~UN~?~~~?_,l4~~t~?.rI4.~~00..-:--.'-_-_....Dotlars (i.. 7~500._04_ .
whkh nota, together with intareu tbareou as tl~ein specified, is payabb in monthEy it~alhr~nts of ~
_FIF_T~..IIf~HT A11~.I1.QQ 58 00
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cba--------.~Ot~b.---a.y oE e~eh ,Aaath ooa~acin~ vv~ch._.___._._.........~.lin.~.10,~ 1~.~65 v~id? P~ym~b
are to be n~d, first to iatecert, aad the bal~noe tu prl~dp~l~ until said in~ebbed~ep i~ peid b fui~, aed dN?I ~y
with and a by each a~d evary dre ~tioa~, agreemants, oo~oditio~u a~d ooM1?erunb of said pr~noia~oiy
m~~be
and tl~s
~6e. Ma, ~udl~g .ay sav~ hy the ~?tloa ta tbe M«cg.go~s, a~r n,«~.~oc~ in ci~, far ~ny purpu~e,
at any time bcfa+e tl~e mkaie and conedladon ~ this matgage, but xt no tirr~ :halt this martgage securo advaaoes m secoant
. of said original nate together wIth a~c}~ addltlonal ~dvar~ces in a swa ln +raccxss af_.SFiY~iN_~H.Q~~ _
._E.IX~i.~iU~?1,~~2_A~_~~1.~.4~..~--.-~-.-~ ~--_--.Laollars (;7, 500~ 00.__.._..}, plw any aavances n~ry
ta praiect the secyuity and coats, thes~ thia deod and tbe e~taM hereby creuted shall ca~ae and be au11 and vnid.
AND THE MORTGAGORS DO bereby cvveaant and agroe;
~ , 1. To pey all and singular tLe pcinct~ aad iatex+est swd ot};er sums of aoane~r pwyAbb by vi~tue of said pra~ntporp nate
and thh mottgage, or tither, promPttY on daYs r~pac~v~elY tbe mune seveially oome due.
S. To pay all and singular tbe ~ments, levks. liabitities, obiiga~ w~d inaunbrancas of ev~y nsture ~ kina
naw oa said ~iesesib~d pi+aperty~ ac thnt ~ec~fter may be~~m~po~ed, suf~~, . ot that herexker
cred, k+'icd. os a~d tLcreciu
may be levied Qr Ass~ssed upw~ this Matg~ge, ~ the bteduesa he.reby, each nnd every~ whe,n due aryd pa bk~
. aooordiug to law~ before they booo~ deWiques~t, and befora any interest sttaches or anype
nslty i~ ia~c,vrred; and ~ a~c
any t~ereof ia of recosd the samo shall be . p:omptly satiafied and discharged of reoord and the or,iginaZ of6c~al docem~ent (a~ch
os, !or ~amnce. tbe tax rece;pt a~r the satisfac~bo psp~r o~ffidally endarsad or eertifieci) shaU be placec~ in the ~wnda oE said
' AssociAtiaa as Mortgagre within teu days next after payment; and in the ebene that any thereof is not peid, satiafied und discharged,
aaid Association may at any time pay the sarne or any part thereof without waiving or affecting anY oPtton, 89uity or ri~t
undar or 6y virtue of tbis Mortgage, and the fuu amuunt of each and every such payment uhall be immediataly due andps
yable
aa~ shall bear inter~st from the date thereof until paid at the rate stated in the note serured hereby and togethcr with such intcr- ~
est shall be sec,~d by the licn of t}us M~tgage,
3. To keep th~ buildings sud a~ll equipuicnt and personal prapetty naw an c~reafter aa said preirdses covered by this
nwrtgage, insured in a swa equal to at least tha amount of the mortgage, ar an amount auffklent to comp1y with any cainsur-
sr~cereqn~t covering ths same under the laws of the State of Floridx, coverinq loss from both ffro ard storw, making the
bss ureder aaid policics, cach and tvery~ psyabae to the Association, as mo~igagee, as ~ts interest ma,y appear, and said ~ns~ax?ce
shsIl be in a good and responsibk iruuranoe company satisfactory to said Assocjatioa, aad written by A respona~"We bcal a ent
satisfnetory to said Association; and the policy or policies shall bear a staxrdard moitgage clause without coniribu
'haa,7i~G~~
and, in tha event any sum of money becomea pa,q+able under such policy ar pvlicies, the Asso~iation ahall
have opt~ou to r~eceive and apply the aame on account of. the indebtednesa hereby secured, or to permit the mortgagars M
rxeive and use it, or any part thereof, far other pwpvses, without thereby waiving or impaumg aay equity, lie~n~ or right under
:ir?d by virtue nf thi.s rnortgage, and may piase and pay far such insurance, ot any part thereof, without wa~ving ar affecting its
optian to forcctose, or any r3ght hereunder, and the full a~xwunr oE each and every such payment shall be immediately due and
. paysble and shall bear interest from the date thereof until paid at the rate stated ia t~e note secured hereby and together with
such intesest shall bc secured by the lien oE ;thfs Mortgage.
4. To t, eommit, or suffer no waste, impairment or deteriorat~n of said }unp~ty, ~r any part tlhereoF, and upon
the failura oE t~mortgagors to kcep the buildings on said property in gvod condition of repair~ the Association may dernand the
immediate repair of said ~aildiage or the immediat@ repayment of the debt hereby sece~red, and the failune of the mortgagors
to oomply with said dernand of the Assc~ciatio~r for period of Thuty (90) duys, shall constitute a brea~eh of tbis mostga e,
and, at the aption of the Association, immediately mature the entire amount of ~incipal and interest hereby secured, and
Associatian, immediate]y tmd without n~tice~ may institute proceedings to forecbse thf~ mortgage and apply for the appowhnent
Ol' a Receiver, ss bexeutiafter pr~nvidCri.
5. This mactgage contraet providea for additional advances which uwy be made at the option of the assoelatioa arxt
aecured by this mortgage~ and it is Agreeri t5at in the evemt of suc2~ advances t6e asnount may bo a~ to the m~tgpge debt
and shall i~e t}~e unpeid balana of the note hereby sec.vred by tha amauut of sucb advanee at~ ahali be a patt of said
nflte indebte~dness under ali the tesma of said note and thit co~nqract aa fully as if a new ~ch ~ote aad c~trect wcre. executed
~ and delivered. M additiaial udvs~nce agreeme~t may be given and accep~ced for sucb ndvanoe and proviiaion may be ~nade for
~ different mo~nthly paymenb And a ciiff~erent intere~t rate and other modificationa of the oontract, but in all athe= respects
th6s contrad s~wll remain in full force and effect as to ~aid indebt
n~es~, including all adva~nces.
e. if any oE the aums oE acaaep beretn rsferred to be not P~'~P~Y ~Y P~ d+~y= cie:e afcer
ihc sw~c?e psverally come due and pr~radc, a if each and every the stipulatians, agreeinent, coaditions, and oovenan~i of saicl
promis~oq? r~ote wd th~ cleed, ar etd~aa, ue not du~y perEocmed, oomptied with and abide~d by, tbe aggregate ~vra n~tianed
in aaid pr+owissory note and aay ~t6ar amouat or amounta~ r~dded to tba u?atgage indebte~ ~u~d~r tbe tenns of this mostgage
~b.ll beoom~ dus a»d p.yabM tort~wkh ar tl~ers~ker ~c ctu opcion oE tM Aaoci~c3an~ ae fagy and oa~pieeal~? aa if aid ~ggregscs
~mo~e~? wss ariginally ~tipuL~ted ro be paid on sueh daY, 'anYtbir?g in sa~id ~ aote or herein to th~ eoatrary nat-
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7. To detiver tn~ tiie Atsociatba, oa or before Mamh 15tb, of eaeh Year. tax t+eoeipb evidenetag the p~ymeut ~~all 1aw-
fu11y~ tuea t~r t#~e pceaading cxtlendary~nr, to deliv~ to the Aswc~ttfaa reveipts e~?idmciug the pay~at of a11 tieaa
f~ withia nlnety (90) days after t6e same ~lull beoome due and paysbk, and to a within ~
~bdae date, ar~y Aad n11 governmental levies thtt u~ay be made oa tbe uwttgAB~ P~P~rtY~ BoSe
, or nat+e, or in Any ather way resuhing from the mortgage indelyteclnrs: seeu~d by this moct~age.
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