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Home My WebLink About1615 at all times 9wd qukdy to eatr,~ upon, ho1d. ooc~i and eojoy said lund; that said land Is Eree fram all encumbrances: ~w ~ ~ ~ ab ~ acb ~ ~a ~a a,~ ~c~ m.y ~wy ~ apd that do wamnt die title to said land aad will defead the same against the luwful claims of aI~l perso~~a whomsoe~ver. ~ PROVIDED ALWAYS tLat if the M rtgagan slwll weU and truly PaY unto the Associatioa, the indebtedness evidenced by that ceutain pcomisao~y aoae. of evea daMa La~ewid~, ma~3s bY the M°~t8a8~rs and pa;rable to tl~e Associatioa, in the ~uincipa! sum of .SIX.SH.QILSAND_ENE.HIIII~REI2_~N~.NO~-lIl~_----.--.-_-.---------- nollsrs 6~~OQ.. OQ-- which noEe, togethet with intenst thereon as therein spocified, is P~Yab1e in monthly instal)ments oE - --FQRTY-FI~HT AIVD NQ/1flQ__~~----~~_----------.-------_---_----- Dollars (i----48.__00-------- on the_-----.12th..-----day of ~ch maath oommencing with-------------- Au~ust 1_2 1966 P4Y~ are to be ap ~rst M iaterert, and the b4lance to p~cip~l, until said indebtedness is paid in fu11, and shall^pec[ocm, ~ with and abidea~by each and avery the scipu1atioas, agreenneats, conditions and ooveaants oE said promissory note and~t ~~80. ~8 any advanoes made by the A.ssoc.~iatio~ to the Mastgagors~ ar theis sua.~essors in titW, far any pmpose, at any time before the relea.+e and canceilation of tLis mortgage, but at no time shall this mortgage secure advances on account of said origuwl note Mgether with such additiawl advances in a sum in a~cess of__a~IX_'~I~QU?SiO~.F~__~.---- _ HUNDRED AND NOf 100~---~~---- nouais 6,_500._00------), ~~y advauce.s nece~?ry to pmteet tbe secuiity and costs, t~~en tbit deed and the estat~e hereby created shall cease and be nu and wid. AND THTs MORI~GAGORS DO bereby wvtaant and ag~ee: ~ l. To pay all and aiagular the prindpal and intaest and other sua~s of money payabk by virtue of said promissory note and this mo~tgage. or either. P~P~Y oa tbe aar respectivelr the same seve~aUr °°me a~e. 2. To pay all and singular ihe tases, ass~b, kvIa, liab~ities, obligations and incumbrances of every natare and Idnd now on s:?id desczibed property, or that here~fter may be an~~suffered, placed, leeied, or assessed thereon. or that hereafter may be levied ~ a~essed upon th£~ Mcxtgage, or tbe m serured hereby, each and every, when due and payable, according to Iaw. beEore they beoome ~elinq~ent, and befora any interest attacMes or any peaslty is incuned; and insoEar us any thereof is of record the same sUall be P~nptlY sati~ied and di~charg«i of reoord and the ori~al ofHcial document (such as, for n~tance, the taz rooeipt or tlx satisfaction paper ofHcially endoise~i or certified) shall be plsced in the hands of said ~ Assoriatiou as Mortgagee within ten days next aker payment; and in the evr.nt dsat any thereof is not paid, satisfied und di~charged. said Associatioa may at any time pay the same or any part thereof without waiving or affecting any option. 1ieu, equity or ri~t under ~ by virtue of this Mortgage, and the full amonnt of each and every such payment shall be immediately due andpa ya le and shall bear inberest frau the date thereof until paid at the rate stated in the note serured hereby and together with such inter- est shall be securecl by the lien of this Matgage. 3. To keep che buildings and all equipmenc and pe~sonal propercy noN or herea[ter on said premi:a ooraed bp this mertgage, ; insured in a sum eqwl w at leau the amonnt ot che mortgage, or an am~wnc sufEicient to aoanplr ~rith an~r co-imuranoe requiro- j ment o~vering the same undv the la~vs oE the Staee oE Fbrida, eovering loes trum both tire and scotm, mating the lou under said t policia. ach and every. papxble to the Asiociacion. as mortgagee. u its interat may appear. and said insurance thall be in a good i and respontiWe inwrance eompany satisfaaory to said As~ociatioa, and written by a rapoosibk loal ageat satisfaccory to said Asw- ~ I~ ciation; and the poliry or poliaa atull b~ar a sundu+d mortgage clause ~+ithout ooatributioa, and, if the original principal amount ~ i oE the mortgage is Fifcy Thousand and no/100 Dollan (i`~.000.0~ or in acce~ thereoE, shall be held by tl~e As~ociation. md, ia j f c.he event any sum of money becoma payable undu such policy or poliaes, the Aswciation s6a11 have the option to reaive and apply 1 che same on aoooanc of the indebcednaa hereby :ecured, or w permit che mongagon w t+eoeive wd ~ue it, or mr put c6aeof, for j k other purpaa, without t6ereby waiving or impziring apy ~~~y. Uen. or right undtr and by virtue of thi~ mortgage. and may ! ~ place and pay Eor such insunnce. or anr pan thereoE. writhout rraiving or a[[ectiog ia option to foreclae, or anr right hereunder. ; ~ and the full amouat of each and every anch papment sh:ll be immediately due and pa~rible and s6a11 bear intemt Emm tlu date ~ ~ chereoE until paid at the nte stated in the noce securod hereby wd together with sucfi interac shall be secured by the lien of this , Mortgagr. ~ Toperm~t, commit, or suffer no waste, impairment os deterioration of said property, ar any part tbereof, and upon the failuro of the mortgagors m keep the buildings on said pmperty in good condition of repair, the Association may demand the immediate repair of said buildings or the immediate repayment of the debt hereby se~cured, and the failure of the mortgagors ~ to comply with said demand of the Association for a period of Thidy (30) duys, shall constitute a breach of this mortgage, and, at the option of ihe Association, immediately mature the entire amount of principal and interest hereby secured, and the , Association, immediately and without notice, may institute procc~din;s to foreclose this mortgage and apply for the appointment i of a Receiver, as hereinaRer provideti. ` ~ 5. T'his mortgage contract provides for additional advances which may be made at the option of the association and sec~u~ed by this mortgage, and it is agt+eed that in the eveat of s~ch advances the amount may be added to the mortgage debt and shaII increaae the unPaid balance of the note hereby secsu~ed by the amount of such advanee and shali be a put of said note indebtedness under all the terma of said rate and this oo~tract as fully as if a new such note and oontract were executed and delivere~. M additiaual advance agreemeat n?ay be given and accepted for such advance and provision may be made for ~ ~ different awnthly paymenis and a different interest rate and othere~ modifications of tbe oontracx, but in aU other respects ihis contract shall reaiain in full force 'and effect as to said 'mdebtedness,' including all advances. ~ ~ 8. If any of the sums of money herein referred to be not promptly and fiilly paid within Thirty (30) days next after ~ the same severaIly mme due and payable, or if each and every the stipu~hons, agreement~ conditions, and covenants of said ~ promissory note and this deed, or either, are not diily perfonmed, oomplied with and abided by, the agg~+egate sum meatiaaed in said promissory note and any other amount ar amounts added to the mortgage indebtedness under tbe tern?s of this mortgage ~ shaII beoame due and payable forthwith or thereaker at the optiou of the Association, as fully and oompletely as if said aggregate ~ sum of money wes originally stipalated to be paid on sach day, snything in said promissory note or herein to- the contrary not- ~ `a'ith~andin& - 7. To deliver M the Associatioa, on or before March 15th, of each year, tax receipis evideacing the payment of all laa•- fully imposed ~es for the prececiing calendar year; to deUver to the Association receipts evidenrinng the payment of all liau for pnblic im b within ninety (90) days after the same shaD bernme due and payabk, and to pay or diuharge within ern ninety (90) ys after due date, any and all govemmental kvies that may be made on the awrt8a8~ ProPertY• on this mortgage or note, or in any other way resiilting from the mortgaga indebtedness secured by this moctgage. ~~1~-~ dooK 150 4~.4 ~ ~ _ - ; ~ - ~ ...;.~-r~; . _ ' 3{J ' :