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Home My WebLink About2705 r , ~ . at ail dmespcaoeabiy and quiecly to eneer upon, lw1a, oocupy ana er,joy sa,d. iand; that said l.nd is free from au ancumbranoes; chat t1~ey wiD oaaice suc~? fuetl~er a~?oa to pertect the Ees dmple dtb to said l~wd in t~e As~ociatioa a~ may nasonaWj? be reqwred, aad thot tbey do bereby fully warrant tbs tltle to taid land and will deE~d the same against the lawful daiim of all pe~sons wlwu~.wever. PROVIDED ALWAYS t}~t if the Mortgagors shaII weU aad tculy p4y unto the Assoclatia~, the iadebtedneu evidenoed by that eesiain p~+nmissor~? uo~e, of ev~u date be~w~itb, muds by tbe Matgagon and pi?yabk to the Associaaau, in the principal suan oE __.SIX_ THOUSAND AND NO/100_.--------,--------------•---- . Dollan (i ._~+Q~.Q.•.Q4. whic6 twte, together with ittttrest the~eon as therein specified, is p~yable in monthly instal)ments of-- - -'„e.~ ~R,~-n- . _~IXT_Y__F.1CIiT__AN72_lyS~l_lus~-------------------------- ° on the_._.._ 20th_-•- -day of each month commencing with-----------_______ Jwle 20~ 1866 ~,r,~ are to be up~ fint M inte~t, and tbe b4lance ta principal, until said i~xkbtedne~ is paid in fdl, swd shwII pesf~uao, aomply with and a] by each A,nd dverY the ~tions, aSreeme~?b. conditians and ooveaanta of said pr~oi~o~y note and thtt ~~8a A~, includ~ng any advat?oes ma by the Assoc~tiaa to tbe Matgagors, or then~ Suoce~o~s in NeW, for aay purpome, at any time before the rrlease and canodlation of tbis moctgage, bnt at no time shall this mortgage senu~e advances on aooount of said origu~al note together with such ~dditional advancea in a sum in cacoess of_ _ _ SIX THOUSAND AND NO 100 - - ~ 6 000.00 Y ry, ----.__..no1L~s i--- - , an advanoos neces~ ta protect tbe security and +costs, then tbis deed and the estate hereby created shaU ceax and be nnll and v~oid. AND THE MORTGAGOAS DO hereby cvvenant and agree: l. To pay ail and singular the pri~aca'pat and iat~ and other sums of mouey payable by virhie of said in~omissory note and this mortgage, or either, pzomptly aa the days respectively the same severally come due, 2. To pay all and siagular the t~e.s, e~b, leviea. liabilities. obligations and incvmbrarnces of every nature and kind now an said d~saibed prflperty, or that hareafter map be~~tm~, suffered, plaoed, levied, ~ a~ssed th~~, or that hereafter may be le~vied or asse~ed upon this Martgage, ~ the ess secured hereby, cac6 and every, whea due and payabk, accoriiing to law, befo~e tbey beoome deHnqueat, anci before any interest at~e,s or anyp~I ty it incarred; and insofar us any tbereof is of reoord the same shall be promptly satisfied and di~cbarged of reoord and the original ofHc~al docvmeat (svch as, for iattanc~, tbe taz receipt or the sa#isfaction PaPer af~allY tndo~ed or ce~tified) shall be placed in the hands oE said Association as Mortgagee within ten days ne:t after payment; and in t~e event t6at any thereof ia not paid, sattsfied and dbdiarged. said Association may at any time pay the same or any pait thereof without waiving or affec~ting any option. ~en, equit~? or ri t under or by virtue of tbis M~tgage, and tLe fiill amount of each and every sucb payment shaA be iinmediately due andpa ya~le and shall besr int~erest from the date thereof ~mtil paid at the rate stated in the note secvral hereby and together with such inter- est ahall be securcd by the liea of thia Ma~tgage. 3. To keep the buildings and all equipment and p~r~onal prope:ty no~r or hemiter on ~aid premi~a ouvered bT tlw mazt~age. insured in a sum equal to at leau the amouat of the mottgage, or an amounc wfEideat w eompl~ with anJr eo-insuranoe requirr ment oovering the sazne under tlee la~s of the Statr of Fbrida, ooveriqg loss Erom bot~ fire and uotm. making the 1oa under ~aid - poliaa. each and everp. payabk w the Association. as nwrtgagee. as its interest mar appear, and :aid iwuranoe shall be in a good and raponsiWe insuranoe eompany sacisfactorp co said A~odatioa. and written b3r a rqpoosibk loail agent ~tgfaao~ w said As~o- ciatioa: aad tLe poliry or poticia shall beu a sunda~+d awrtgase dau~e witbout ovntribntion. and, if the orginal prineipal amount of [he mortgage u Fifty Tlwu:and. and no/100 Dollais (~50.000.0~ or in acoes thtredf. tLall be held b~ the A~toaation, aad, ia che eveat any wm oE monep beooma payable undrr wch poliry or poliaa. t6e Ano~ciation ~11 have tht opaoa ~o reoeive and aPP21 the same on aooount oE the indebtedna~ hereb~ secured. or to ptrmit tbe mortg~gors to reaeive aad uie it, or any part thereoE. fot other purposes. wric6out thereby waiving or imP~rt6 M'uty. lien. or right under and bp virtue of thi~ mortaage, aad may place wd pay for such iraurance, or any part thereof. ~rithout ~niving or afEeccing its option w foreclae, or anr right he:eunda, and the full wiount of each and ever~ such payment shall be immediately due and papabk and shall bpr intrnst fmm tbe date chereof until paid at the nte statod in the note secured haebp aad together ~rith wch intentt thall be ~tcured by the lien of d~is Mortgag~e. 4. Topenm t, oommit, or suffer no waste, impairment ~ deterioration of said property, or any part thereof, and upon the failure of the mortgagors to kcep tbe buildings on said pnnperty in good oondition of repair, the Associatiou may demand the immediate iepair of said buildings ac the immediate repayment of the debt her~by socu~+ed, and the failure of the mortgagora to oamply with said denoand of the Association for a period of Thirty (30) days, shall constitute a breae6 of this ma~t~ge, and, at the option of the Assaciation, ~iately matwe the entire amo~u?t of principal and inter~st hereby secured, and tbe Associatan, immedfately and with~ui notice, may institute prooeedings to forecbse this modgage and apply for t}~e appointment of a Receiver, as haemafter provideci, 5. Tbis mortgage contract provides for additional advances which may be made at the option of the associatk~ and sec+~ed by thLs moztgag0. and it it agneci that in the ev~ent of sudi advances the amount may be added to the ma~t~age ~bt and ahall ~se the unpaid ba~lanoe of the note hereby seaued by the aawunt of sach advance aud shall be a psit of iaid note aidebt~ uoder all the terms of said rwte and thu oontract as f~illy aa if a~? s~ch note and oontrnct wero esecuted and delivered. An ad~dibiooal advance agreemeat may be given and aooej~ted for such advanoe ar~ pmvidon may be made for differmt manthlY PaYmenta and a different inter~tc rate and other~pr~ aadificationa of the oontract, but in aII other respects this oontraet thaII remain in fuII foroe and effect as to aaid indebt ned e~, indadimg ail advances. 8. If aay of the sums of mon~y berein referi+ed b be not P~PUY ~~Y P~ Z~Y days next aker ihe same severaily come due and payabk, or if eaeh aad evay ~ stipulations, agneemea~ conditions, and ootienants of said promiasory? note aad ihis deed, or eitber, are not dnly pearfo:aied, oomplied with aad abided by, the agg~egate snm meatfaned in said promissory note and any odier amonnt a~ amouab added to tLe mort~age indebbec~ ~mdar tbe tams of this martpge shall beooRne due and pay~ble forthwith ae thcxeafter at t6e optio~ of the ,As~ociatiaa, ai fnlly and oompktdy aa ff said agg~egate sum~~mon~y was orlgxaaUy sbipcilat~ed to be paid oa such day, anYthinB in said promissory note or herein to tbe oontrary nat- & 7. To deliver M t}~e Association, on or befo~ March 15tb, of each yeu, tax reoeiPb evideodn8 the P4Y~t of sll 1aw- fuUy im~po~d tues for t~e precedin8 calendar year; Lo deliver to the Asaocjation reodpb evidmcig the payme~nt of all lieos for p~ublic improvemeab within ninety (90) days aftec tbe same shall beoome dne sad payabk. and to pay or di~Cge witham ninet~? (90) days aft~er due dste, any and a~t governmental kvies tLat may be made on tbe moctgaged p~+uperty, on thfs mortgage or note, at in any ot}~er way ztsalting from the mottgage indebtedr~ess secured by this morigage. ' I , x R ' " ~ a~ K147 3d3 ~ ? - - _ . _ - ~ r::