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Home My WebLink About1447 at all times prace,~bly and quiedy to enter upon, hold, oc~cupy and enjny said lund; that said land is fre~e from all ei~cumbrances; that they wi11 make such furttxa ns~urancea to perf'ect d?° fee s~nPie title to said land in the Associution as mav reasonably tx required; and that they do hereby fully warrant the title to sAid land and will defend the same against the la~~•ful claims nf all persans w~homsoever. PROVIDED AL~VAYS thut if the Aiortgagors shall we11 and truly pay uato the Associxtion, the inJebtedness evidenc~ed by that rertain promissory note, of even date herewitb, made bv the titortgagon and ~~~:ible to the Assc~ciation, in the princijx~l THIRTY.THOUSAND AND NO/100 c~~~:~~ tS30,.OQ0.Q0 ~ sum of - which note, t~ether w~th interest there~on as therein specified, is ~ryablr in monthly installments oE THREE HU~TURED TWENTY SIX AND NO/ 100 DOLLARS of which $226. 00 is to be applied first to irrterest and the balance to.~,rincipaa, ax~d $],00.00 t4_an escr~zYV aceQUnt to pay_~axes and insurance Dollars( 32 .00 . _ s s on the .19th d:iy oE each month cummencing «~~~h ..Septemh_er_1~,. .lgfi5__...._._.._.._.. which payment~. :ue to be :~pplied, first to interest, and the balance to principal, until said indebtetiness is paid in full, and shall perform, comply with :u~d abide by each and every the stipulations, agreements, conditions and coven~nts of said promissory note and this moctgage, Md, including any advances m+ade by the Assoeiation to the Mortgagors, or their successors in titlC, for any ourpose, at anv time before the mlease and cancellatian of this mortgage, but at no time shall this mortgage secure advances on arrount of sai.~ ori~inal note together ~vith such additional advances in a sum in escess nf._.._.__ . THIRTY THOUSAND_AND._NO/_1_00 Dollsr~ 3O~.Q~.0.00. plas any advances necess:?n~ to protect the security and costs, then this deed and the estate hereby createcl sh.iil cease and be null and void. A:tiD THE ?1tORTGAGORS DO hereb3~ cuvenant 1nd agree: 1. To p:i~ all and singular the principal and interest and other sums of money payable by virtue of said promissory note :mcl this mortgage, ar either, promptly on the days respectively the sxme :severally come due. 2. To pay all and singular the taxes assessments, levies, liab:lities, obligaHons anci incumbrances of everv nature and kincl Y nu~ti• osi said cic~cribed pmperty, or that hereafter may be imposed, suffered, placecl, levied, or assesseci thereon,~ or that hereafter i may be levied or assessed upon ihis :~tortgage, or the indebtedness securecl hereby, cach and ev~rv, when due and payablr, ~c~cord'uig to la~v, l~cfore they become delinquent, and before any interest attaches or .inv penalty ~is 1S1Cl1IT'eC~; and insofar us ~ any~ thereof is of record the sarne shall be promptly satisfied and dischargecl of record anc~ the origir.al official document (such as, for instanre, the tax receipt or the satisfaction p1~r officially endorsed or certified} shall be placecl in the hands of said .~ssociation as ~iort~agee ~vithin ten days next after payment; and in the event that any thereof is not paid, satisfied ancl discharged, said Association may at any time pay the same or any part thereof ~vithout ~vaiving or affecting any option, lien, equiri• or right ; under or bv virtue of this ~tort~~ge, and the full amount of each and every such payment shall be immediately due and payablc ~ and shall bear interest from the date thereof until paid at the r:ite stated in the note serurec! herebc snd to~ether ~~~ith saeh intc:r- a est shall he secured by the lien of ihis Mortgage. ' , 3. To keep the buildings and all eq~ipment and personal pr~pertt~ no~v or hereafter on said premises covered bv this ~ mort7a~e, insured in a sum equai to a° least the amount of the mortgage, or :in amaunt sufficient to comply W~ith any co-insur- ance requirement covering the same tmder the laws of the State of Florida, caveruig loss fr~m both fire and storm, making the Ic~ss uncier s~id policies, cach and every, payable to the Association, ~~s moriaagee, as its interest may appear, and said insurance shall be in a~ooci and responsible insurance company satisfactory to said Association, and ~~ritten ~by a resgonsible local agent satisfactorv to said Association; and the palicy or policies shall bear a standard mortgage clause without contribution, 3ir~s~~K~fe ~¢qaq~~y arid, in the event any sum of money be~comes payable under such policy or policies, the Association shall l~a~~e the option to receive and anply the same on account of ths indebtedness hereby secured, or to percnit the mortga ;ors t~ receive ancl use it, or an}' p1rt thereof, for otl:er purposes, ~~•ithout thereby waiizng or impairing anv equity, lien, or ri~ht uader :u~d bv t•iriuc of th~s rnart7a~c, and may place and pav-'ior such insurance, or any part thereof, ~~~ithout waiving or aft'ecting its uption to foreclose, or any right hereunder, and the full amount of e~ch and evzr~~ surh ~a~ment shall be immediately due ancl p.i~~able and shall bear interest from the date thereof until paid at t}ie rate stated in ttye note secured hcrebv and together ~~•ith ~uch interest shall ~e secured by the lien of this '~lortgage. 4. 7'o permit, commit, or suffer no waste, impairment or ci~terior<ition of said propert~•, or .?ny ~7art thereof, and uEmii ° the failure of the mortgagors to keep the buildings on said propert~• in good ~ondition of repair, the Association may demand the immediatc re~~air of said buildings or the immediate re~ayment of the debt hereby securecl, ancl the failure oE the mortgagors to campiy ~~•ith said demand of the Assc~ciation for a period oti Thirty (30) days, shall constitute a breach of this mort~age, and, at the option of tha Association, immedi.ltP~V mature the entire amount of principal and intcrest herebY secured, and the Association, immediately and without notice, mav institute proceedinRS tn forectose this mortgn~e and appl~~ fnr the ~ppointment of a Fecei~~er, as hereinafter ~rovideci, i 'C}iis mortgage contract provides for additional advances ~~~hich may be made, at the option of the association and secured by this mortgage, and it is agreed that in the event of such advances the amount may be added to the mortgage debt and shall increase the unpaid balance of the note hereby secured by the amount o£ such advance and shall be a~art of saicl note indebtedness under all the terms of said note and this contract as fully as if a new such noie and contract ti•ere executed .~nd deliverecl. An additional advance agreement ma~~ be given and accepted for such advance and provision may be made for clifferent monthiv payments <^.ncl a diFferent interest rate and other express modifications of the con~rac., bvt in all other res~ects , ?his Contr:tCt shall remain iiti h?ll force and effect as to saici indebtedness, including aIl advances. , 6. If am~ of the sums of muney herein referred to be not promptly and fuih~ paid ~i~ithin Thirty ( 30 ) days next af,cr ' the same severally come due and payable, or if each and every the stipulations, agrcement, conditiotis, and covenants of s;aicl promissory note and this cleed, or either, are nat duly performed, cvmplied with and abidecl by, the aggregate sum mentioned in said promissary note anci anv other amount or amounts added to the mortgage indebtedness under the tern~s r~f this mortgagc shall become c3ue and pa~~able forthwith or thereafter at the option of the Assoeiation, as fully ancl completely as if said ag~regatc• ~ sum of mnney w•as originally sti~vlated to be paid on such day, an}~hing in said promissory note or herein to the contrarv not- withstanding. To deliver to th~ AsSOCiation, on or before !1larch l~th, of e~ch ~~e~ir, ta~ receipts evidenc:n~ the paymenk c~f all la~~•- fi~lly im(x~sed taxes for the Prececlin~ cal.end.tr vear; ta deiiver to the Association receipts evidencing the payment of all liens for public improvements within ninety ~90) days after the same shall hecome due and payable, and to pay or discharge within ninety {90) ~a~•s after due date, an~~ and al1 governmental levies that m:.y be tnade on the mort~a~eci proPertv, on this mort~a~e ,~r r,ote, or in am~ other way resiilti~~ from ihe mortgage indebtedness secured bv this mort~a~r. ~ ° ~ ~.25 245 ~ SCu~. } -