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Home My WebLink About0819 at all times peaceably and quiedy to encer u~wn, hold, cxrupy und enjoy ~:xid l;uid; that said land is frea from all encumbrances; that they will make such further ass~~=anc.`es to perfeM the fee simple title to said land in the Association as muv reusonably lx~ requirecj; and that they do hereby fully watrarzt the tide to saicl land and ~vill defend the same against the la~ti•Eul cl:ti~us uE a!1 penons «~homsoever. YRO~'IDED AL~~'A~S thut if the ~l~rt~ago~s sh~tll well and trtily pa~~ tu~to the Assix•iation, the iu~lebtediie,s rvidenced t)V t~18t certain promissory iiote, of even ciate herewith, made bv the \iortbagors and p:ivahle to the Assa•iation, in th<• l~rinci~r,il ,um oE . TWEL~'F.~ ~~OUSANI~ SI.X HUNAR~I? AND N4/ l OQ Uoll:~rs ( S 12 , 6 00. 00 ~vhich note, to~ether ~+~it}r interest thereon as thcrcin sPecified, is ~x«~:~ble in monthh~ inst~xllmerts ~~f IVINETY-THREE_ AND NO./100 I>~~il:~r~ 93.00 on the. 13t duv of ea~h month cummencing ~~~ith _,Illl~_1,...1965------_---.---- _ which payments are to be .ipplied, first ~Yo interest, and the balance to principal, i~util said indebtedness is paid in fwl, and shall perform, comply ~vith ancl ubide by each and every the stipulations, agreements, conditions 1nd covenants of saitl promissorv nate and this mortgage, And, inciuding any zdvances made by the Association to the '~iortgagors, or their successors in title, ~fc~r anv purpose, at an~~ time before the release and r.incellation of this mortgage, birt at no time shall this mortgage secure advances on account of said ori~in:il note to~ether with such :tdditional advances in a surn in escess of__...TIVEL.~'E. THQU~.A~iD ~IX:._ _ HUNDRED AND_ NO j 100 - - - - - - - - - - - Doll~n ( $ 12, 6 00. 00 ~ ~nv ach•unces necessur~• to proteet the seeurity mnd eosts, then this deecl and the estate herebv ereatecl shall eease and be mill ar.d void. AtiD THE ~tORTGAGORS DO hrreby cu~•enant and a~ree: 1. To pay all and s~ngular the principal and interest and other sunis oF money ga~•able b~- virtue of said prumissorv note :~ncl this mortga~e, or either, promptly on die <iays respectively the same severally come. due. ~ 2. To pay all and singuiar the taxes, ~ssessments, levies, liabilities, obligations and incumbrances of every nature ~nd kinci no~~• on said described pmperty, or that hereafter may be imposed, suffared, placecl, levied, or assessed thereon,~ or that hereafter mav be lecied or assessed upon this ~fortgage, or the indebtedness secvreci hereUy, cach arid e~~erv, ~vhen clue and payable, accai•ding to la~~', before they become delinq~.~ent, ar~d before any interest attaches ~r .~nt~ penaIty is incurred; and iruofar ;~s <im• thereof is of recoru~ the same shall be promptly satisfied and clisc}~ar~ed of r~cord .~ncl t~ie original oEficial document (such as,~ for instance, th~ tas recei~t or the satisEaction I~aper offi~ially endorsecl ar certifieu') sh;tll be placr_cl in the hancis of sciicl Associatiun :!s ~fort~a~ce ~vithin ten da~~s next after Payment; and in the event that anv therenF is ~iot t~aid, sztisfied and dischargecl, said Associa:ion mav at zny time pat~ tiie s.ime or any part thereof ~~7thout waiving or affecting ant~ option, lien, equit~• or right iinder or b~~ ~~irtue uf this \[ortgu~e, and the full amuunt af each and rvery s~ich payment shall be immecli~te~!y due and pa~~ahlr and ~hall bear interest Erom the c3ate thereof until paid at the rate stated in the nate sec•urecl herebc and tc,,ether ~~•ith such inte~r- nst sh.zll be secured by the lien of this :~fort~a~e. 3. To keep the buildings and all equipment and perscmr~l ~>ruF~erf}• nc~~~~ or hereafter on saicl premises co~•ered b~~ thi, mort~aee, insured in a sum equa~ to at least the amount of the mortgat~e, or un amount sufficient to cumply w~ith any co-insur- ance re~{uirement cov°ring the same unaer the la~~•s uf the State of Fl:~rids, co~•erin~ loss fmm both fire .ind storrn, makin~ the Ic~ss under said policies, cach :incl every, payable to the Association, as mori~~agee, as its interest ma~• appear, and said insurance shall be in a~u~d and responsibl~ insurance company satisfactory to said Assvciation, :~nd ~~•ritten by a responsible 1UC81 84~Tellt c,~tisF:icton• to suid :~ssociation; and the policy or po'ticies snall bear a stanclarci rnori~ga~e clau~e ~~•ithout contribution,~~~~DC }~p#~~gx~y~ :i~:d, in the e~~ent any si~m of money becomes pati~able under such polecy or ~w]icies, the ~lssociation sha:l h.ive the c~ption to rccei~~e and ar,ply the same on account of the indebtedness hereby~ secured, or to permit the mortga~ors to recei~•e and use it, or any lrirt thereof, for ot~:er purposes, ~~~ithout thcreb}' «'~i~-ing or imp:zirin ; any equitv, lien, or ri~ht under .ind bv ~•irtuc of thi> mort~a~e, and may place and pa~~ for such insurance, or any part the.eof, ~vithout waivinn or affecting its uption tu foreclose, or anv right heretulder, anci the full amow~t of cach and e~~~r~• such pa~•ment shall be immediately due ancl ~~a~~ablc• a~id shall be:ir interest frorn the date thereof until paicl at tl~e rate stated in the note seetired herebv and to~ether ~~•ith nich interest shall be secured bt• the lien of this ~sortga~e, 4. To ~ermit, commit, or suffer no waste impairment ar deterior.~tion of said prupert~~, or :iny~ part thereof, and t,po~i > t}~e failure ot the mort~a~ors to heeP tne uuilui?i~;s u~? saiu ~iopcrtj' i~i g:.oc. c;::.iit:: of r~rs~, !~1P AScn,,;~s',~finn m~y rjemancl tne immediate re}~1ir of suid buildincs or the immediate repay~nent of the debt herrb~~ securc,~cl, :~nel the failure of the mort~a~ors to comph~ ~ti~ith said demand of the Association for u rericxi of Thirty (30) da~•s, shall constitute a breach of t}lI5 mortgaQe, ancl, at thc option of the Association, immediatelv maktire the entire c:mount of principal anel interes[ herebv Secured, and the Assnciation, immediatel~• and without notice, mav i~tstitute proceeclinrr~ tn foreclose this mort?a~e and app1~~ f~r the appointment of a Recei~•er, 1s hereinafter pro~°ideci. 5. This mort~*age contract provides for adclitiunal advances «'hici~ may be made at the o~~tiun of the association and secumd by this mert7age, and it is agreed that in the event of such advances the amount may be added to tlie mortgage debt and shall inerease the unpa.ir: balauce of the note hereby se~ured by the amount of such aclvance and shall be a part ~f saicl note indebtedness under all the terms of saicl note and this contract as fuLy as if a new such note and contract v~~•ere executed and rleli~~ered. An additional ad~~ance zgreement ma~• be gi~'en and accepted for such advai~ce and provision ma~~ be made for ~ii(ferent monthh• pa~~rnents aiicl a diffe~rent interest rate and other express malifications of the enntrac,, but in .ill~oYher res~~ects ihis contract shnll remain in EuII force ~r.d efEect as to sai£i inciebtedness, inciuciia~ alI adv~inces, 6. Tf am~ of the s~.ims of muney herein refPrred to be nof promrtly and fu]]v paid «•ithin Thirt~• ( 3!? ) day's ~text affier tlie same severally rnme due :incl payable, or if each and every the stipulations, a~;rc•ement, conditions, and covenants of saicl pramissory note and this deed, or either, are not duly performed, eomplied w•ith and abideci by, the aggre~;ate sum mentioneci in said promissarv note and anv other amount or amounts adde~: to the mor!gage indebtedness under the terms of ,his mortga~e shall become duc ~ nd pa~-~ble forthwith or therea£ter at tf,e option of the Association, as fully and comPletely as if said ag~regate sum of mone~~ was origin~~lly stipr~iated to be paid on such dae~. nm~thing in said promissorv nate or herein to thc~ contrar~- n~~t- ~~~ithstanding. T'o deli~~er to the Association, on or bc~fore \furc}i 1•~th, ~~E eacli ~~ear, t.~x recei~ts °videi~cin~ the pa~-ment O~ ~lII ~1~~'- Fnily imposed taxes for the f~recedin,~, culencl~ir ~~ear; to deliver to the Association receij~ts evidencing the payTnent oE all iiens for publie improvements ~~•ithin niuety (90? days after the sar^.e shall hecome due and pa~~ahle, and to pay or discharge within ninety (90) dat-s after due date, an~~ and a1! ~o~~ernmental let•ies that may be made on the mort~a~ed prt~~ertv, on this mo~t~a~c~ ~r ~ote, or in any other a~ay resnltin~ From the m~rtpage incjel~tedncss sccured bv this mortQa~e. 3CJ+( ~ R ~i9 ~~7'