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Home My WebLink About2801 ~ ; - ~ _ . . ~ ~ ' ~ ~ ~ . . , . ; . . , . : ~ •t aU tt~anes~~bly ~rd quiedp eo ae~or upuNO~, baid. ~~a~d entoy ~ud hnd; tlrt s~id Lud i~ Ga~ b~orr all wrcumbe~o~;, . tdt tbsp m~~ suoh fuet~r wrae~~oa eo peicbot t~ rimpk Clde to rid 1~ad fa drs Aroclatjca a~ re~odWy be ~ uirsd. arrd~, do Lereby fdhr w~rnnt d~s tltls m aid Lad ~nd wd! defand tb~ wae ~~nrt ths ~wtut cl~u af ` P~ PROVIDBD ALWAYS that iE tlre M gaa dull wn~ ~nd trulY pay ~m~o the Aa~datja+. tbe indebteeh~s e~vWanoed by tbu?t oe~in proa~ry noae. af ev~en daes~ m~s by iLe Mortg~an and pay~?ble to the Assochtfon, in the P'~~P~ sumaf ~..,'~~'iY~il~Tk~4T;L~a,A1~~?.~Y~''e..HT~T.~!Tl~REI3..~,~._~10~.~~4.--~?----.......Doiiara _7,.500..40, ' whic~a no~te, togatber wich h?td+pt thet+eaa aa tberein s~ecJfieci, is payabk in manthly inrtalhnenb oE.~ ~ _ ~ 58.00 ~ ...FI~'TY_.E~~3T~4L~QQ_----------- ----...------------~--------------__________________.n~ =w..----_~..____........_ , o~ a~....---..1.4sh.....a.y o~' e~ct? ~o~th oommeodng w~th._......... ........~~lOt 1965 wl~id, p,~a~ea~b nre to be appUe' d, f~rrt to intae,~t, snd the bahnoe to pch?dpal, until nid indebtedn~ is paid ta fdt, and ~ with atd abide bp each ~nid e~very t~e sbi~ulatlaaa, ag~a~enb, oaaditjotu and oova~nb of s~id prcq~istoq? note ind~ ~utgaa$e. Md. !ncludjaB arir a~vsnoes msda by tbe A3aoc~ati+on to d~e l~tatgagars, a threh ~ fa tiNv, far any purpore, at any tlme be[ore the relraae ~nd canoe~tion of t}~is a?o~tgage, but at ao time sh:11 this aw~tgage sec~u~e a~dvanoes an sccount of said ariginal note Mgether with such sdditional advances in u sum in exae~s of ._.._.G~- _~i N'x'~L~~ __._..._._..._FIXE...H_T.IN~2R~?.~IY~? ~~~1.1~~-~--r-.--_-_°DoilArs (i_.__.?~.500._00.). P~ ~r ~av~es t?eoeasa,y ta protect the security u~d c~sts, theu thit deed and tbe estate hereby created shail eea~e and be nu)l aad vnid. AND THE MORTGAGOAS DO hereby cuv~nant aad xgree: . 1. To pay all and stn~ulrr the pdnd~ and interest and ott,er swns of money p4Yable by virtua oE said pro~nfssory nohe And this mortgage, or either, piomP~!'' ~ ~Y'~ ~~Y ~ saa~we s~v~en~)ly ~ame dt~e. 2. To pay all and singular die tasas, ~menta, laviea, liabilitics, nb[igat3ons and incum~irancas oE every nat~re aad Ddud narw oa said described property~ or that her+eafter may ~e imp~ , suff~1,p1 t~er~eap, or tb~t Le~~eafter may ba kvied ar as~sed upo~n tbis Matgage~ o~ bt sacured ~y ~ a~d t6e iade edness berebq, each ar~d evary, wbea due ~od pryabk, aocading to Iaw, beEora they be+come ~linquept, and before nny interest attac6ea or nny b it~ured; and ta7ofi~r as auy theraof is af recnrd thc aaine sl~all be PromPttY satisfied and discharged of a~oord end t~~nai afHciat docvmaot (such . as, for inatanc~e, the t~ recelpt or the satlsfaction paper afficially endoned ar certifkd) shaU be placed in the h+Rnds of aaid A~oCjatioa us Mortgagee wit}?in ten daya n~t aker payme~?t; and in the event that aa~y therenf is not paid, ~tisfied and discharged, said A.ssoriation nsay at any time pay tt?e same or any part thercof without waiving or affectm' g any option, lien, c9uitY or ri~ht under or by virtue of this Mortgagc, and the fuli a~ount of each aad every sach payment shall ba immeaiately dve andp~ yable and ahall bear inberest fror~ tbe date lheroof until paid ai the rate st4ted i~ the note securr.d hereby and togethesr with su~h inter- . est sbull be secured by the lien of thia Mortgage. 3. Ta keep the buildings and all equipmient and personal property now or h~xfter on saiid p~emisea covered by this mortgagc, u~sured ia a sum equal to at lcast the amount of the mortgage, or an amouat sufEicient to comply with any co-insur- ~ xnoa requirement covecing tbe sama under the Iaws of the State of Florida~ covering bss fram bath fi,ro aqd atam, mnidng tha bss under suid policies, cach and every~ P'ayable to the ~.csocIatio~, ,u mortgagee, us ib interest may appear, ~?d aaid insuraace shall be in » good and responsible insurance company satisfactory to said Assoc~aHar~, and written by a 1e la~cal a cr~t satlsfactory to said Association; and tha policy or policies shall hear a standard mortgage clause w3tbout conl~,~ be33[ ~and~ in the event any sum of money becarnes payable under such palicy or palicie.c, the Association shaU ue ber hsve apdon to re~ceive and app1Y tiue same on account of the indebtedness biereby secured, or to ptrmit the mortgagors to receive and use it, or any part thereof, for ot~er purposes, ~ithout thereby waiving or irn iring nny equity~ Iien, ~ right under und by virtue of thir mortgage, and unay plaee and pay for such insuranoe~ or any part f, without waiving or affeMing its opt3on to forecdose, or any right herennder, and t~ full amaunt of each and every such p~ymeut shall be imme~diately dw and . puyable and shall bear intesesi fmm the date tbereof until paid at the rate stated in tF.e note secured hereby and toget~ur with such interest shaA be secure-d by the lien of ,thie Mortgage. 4. To permit, commit~ or suffer no waste, impairment or deterioration af said I~P~Y, ~~?Y F~ thereaE, as?d upon the failum of the mortgagars to kcep the buildings on said p~vperty in good condition oF repair, the Associatian may demand the immediate repair of a~id buildings or the iaimediat~ repayment of the debt hereby scccu~ed, and the fai~ure of the mortgagora to comply with aatd denoand of the Asso~ciation for a periai of Thirty (30) days~ shall constitute a breach af th~s mort~age~ and, at tbc+ optinn of the Association, imm~diately mate~re the entire arnount of p~incipal and interest hereby secuned, and tbe A~ociatio~?, immediateiy and without n~, ruay insticute proceedin,s ta forecbse this mortgage and apply for the a~oinm~enE of a Receiver, as bereinaftcr ~ovidod, 5. 17us a~ortgage contr~et providra for additiorwl advenc~ which may be asadc at the option af the aasociatioa and eecuored by this mortgage, and it is agreeci that fn the event of such advaucta tbe amount may be addai to tt~e m~ortgage ~ . and shall lncrease the un~sid bs?Danoe of tbe note hereby aeclued by tha anwunt of auch ~dvance and ~all be a part aE :aid note indebtedness under all the te.~ma of saki note and this c~ntraet aa fully as if a ntw sueh note aad o~o~atract we~e ace,c~ted • and delivered. M additional advarx~e agreement nnay be given and accepted for wch advanoe ~nd provitdai may be r6ade for ~ dlfferent rrronthlY PaYmentr ond a differeM interest rate and other modlficatioaa oE d~e oontract, but in all +nther{~raspcc,~ts ihis contrsct shall reina~in in full force and effect as to said indebt~ inetuding aA adva~nca. ~ e. If n~,y oE the a~uas of aoaoe'? ~ereiA r~em;d ao be ewt ~x+anptlY and fuliy E~aid wN~in ?hirt~' ( 30 ) days n~xt aftcr tbe ame ~ev~ally mme duo and P~Ynble. o~ if each ~nd evrry the ctipulatio~s, aSrec~c~e~t, c~fona. md cavenaatt( ~ sr~id pco~saoey note and this deed, ar aither, are nq~ dulY p~arn~ed, c~amplied with and a6~icied by, t~e aggiagate ~m ~r,~oned ia seid pr~vey notc and ru~y other amount ac aawunts added ta tbe x»ortgsge ~ under !be ~ of this martgsge shau b~oo~ne due iu?d poyafsk faxthvvk6 a thcre~fter at t6s option of the As~oe3atia?, as fuDy and aompkte~? au ~ said ~ggregate twn~e~ney was arigiaaUy st~Ipu}at~ed to be pt~d an ot~ch day, snyrhing in said prouaissory not~e ar hmein to tbe c~ntrary not- & 7. To ddive~ ta tbe Associ~tioa, as ~ before March 15th, of cach year~ t~uc reodPb °s?ideocia$ the 1P~Y~t of ~~ii 1aw- Eu~ly Impased wxes ~ar tbe pc~ccreding calendary~r ; to drliv~x ta thc A~aa r~ace~b ~g tbe paymeaoi af al! lians fuz puWie iwp~v~nents within ninety (90) days ~tfta the ~sme atwU become due an~d paY~tbk. +md t4 Pay or disc~ar8e witb~ ninetY (90) day~ aker duc date, any aod aIl governmeatal levjes that may be made on d~e ~~tg~ged prOperty~ an chis matg~ge o~ ra~, a in a~,y oc~r way resutti~g ~r~m the mortgage ind~edr?r~ securcd by th~s mortgage. ~ a R ~~'7 4Q0 . ~ . 600K ~ . . , .