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Home My WebLink About2740 • .S at all timespeaceably u~d quietly to mtnt upoa, bold, occupy and eujoy said l~nd; that said land ia free fmm all encumbranoea; thatthe~? wi~ make s~ch firtbec asnuanoet bo periect tLs fes simpb Ktb to said laad in the Associatioa ~s msy reaso~wbly be required; and tbat tlrey do beteby fdly warrant t~e titb bo said land and will defend the same against the lawful claims of aU persons whomsaever. PROVIDED ALWAYS that if the Mort agors shall weU and truly pe?y twto the Association, tbe indebtedness evidenced by t}uit certaia pa~omissocy no~e, af ev~u d+~te ~er~v~, mads bY t~a Mortgagors and payuble to the Association, ia thc ~xincipal sum oE THIRT_Y_TH4[ISANl2_FIYE_Hif11iD!RED_.AND.N~~-1Dn-.-_---.---_-_- Dollars (i30,5D0.-00 . which note, togethet with interest thereoti az therein specified, is PaYable 8B-fO11~W8:-_--._- Irrteres~ sha~--lze--Pa-Yab].e.~e~oa~i-axwnally_.b~~inuing._six ~S~)--m~nths_fr~om..date.----Ptincigal.. _ shall be.due_intwe~,~te--~1.~~_a~u~,l._Ray~e~s~n_~hs..amQUn~_Qf._~2.-5.41._~?__~ach.__,A,z~s~.Rrovi~s~~d fu rther_ that_ the~ shall~er~ornn~a_ -~om~8]y_- xr_i~b._~nd._ahid~_ hy_ _.~~h.~nsi._. every the stipulations, a reements, conditions and covenarrts of said promissor no~te _a~~~4~L'e.*------- - uvn ~ Mon~rcecoas no ~~by ~.?~t ~a a~: l. To p~y aD and sing~lar the p~inc~~al and iute~st and other sums of money payable by virtne of said promi~ury note and tbis mortgage, or either, promptly ~ tbe daYs respectivelY the su°e se~erallY come due. 2. To pay all aad singular the tazea, a~nents, la'vies, liabilities, obligatioiu and inc~unbrances of every nature and kind now on said described pmopecty, or that hereafter may be im~, suffered, placed, levied, or asseued therean, or tbat hereaker may be levied or assessed upon this Martgage, or the ind ess secured hereby, cach and every, when due and pa ble, according to Iaw, before they become delinquent, aad before any interest attadies or anype nahy is incurred; and ~ar as any thereof is of record the same sl~all be promptly satisfied and discharged of reoord and ~the orig~inal of6cial document (such ss, for instance, the taz receipt or ihe satisfaction paper officialty endorsed or certified) shall be pYaced in tbe bands of said Association as Mortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfied and di~charged, said Association may at any time pay ihe same or any patt thereof without waiving or affecting any option, lien, equity or ri~t under o~r by virtue of this !liortgage, and the full atnount of each and every such payment shall be immediately due andpa ya le and sball bear interest from the date thereof imtil paid at the :ate stated in the note secured herebp and together with such inter- est ahall be secared by the lie.n of ihis Mortgage. 3. To keep the buildings and all equipment and pe~sonal property no~v or hereafur on said premises oovard by this mortgage, insured in a sum equal to at least the amount oE the mortgage. or an amount suificient to oomplr ~rith any oo-iniuranoe. require- ment a~vering the same nnder-the larra of tLe State of Fbrida, aovering lo~ from both fire and storm. making the loa nnder :aid ' policies, each and every. papable to the Association. as mortgagee, u iu ineeresc may appear, and said insurance s6a11 be in a good ! and raponsible insunnce company satisfactory to uid Aswdation, and writtea by a raponsibk loul agent uti:tactnry to said Asso- j ciaeion: and the policy or polida shall bear a scandard mortgage clause rvithout oontribution, and, if the original prindpal amount ~ of che mortgage is Fifqr Thousand and no/100 Dollars (=50.000.0~ or in acEa ehetrnf. shall be held by the Association, and, in ~ che evenc any sum of monep becomes payable uader such poHcy or policia. the Associatioa shall have the option to naive and apply che same on account oE the iadebtedness herebr secured. or to permit the mortgagon w reaeive and use it, or any part thereof, for other purposes, without thercby waiving or impairing any equity. lien, or right undtr and bp virtue oE this mortgage, and ma~r place and pay [or wch insurana, or any part thereof, writhout ~raiving or a[Eecting its option to Eoreclose, or any right here~nder. and ehe full amount of eac6 and everr such papment shall be immediately due and payable and ahall bear interat Erom the date chereof nntil paid at the nte acaced in ehe noee :ecured hereby and eogecher with surh interat shall be xcured by the lien oE thi: blortg+ge. 4. To pernnit, commit, or suffer no waste, impairment ar deterioration of said property, or any part thereof, and upon the failuro of ihe mortgagors to keep the buildings on said property in good ca?dition of repair, the Association may demand the immediate repair of said buildings or the immediate repaymeat of the debt hereby seciued, and ihe failure of the mortgagors to complv with said demand of the As.9ociation for a period of Thirty (30) days, shall constitute a breach of this martga e, and, at t~c option of the Association, immediately mature the entire amount of principal and interest hereby secured, and ~ Assoeiation, immediately and without notice, may institute prooeedin;s to foreclose thic mortgage and apply for the appc»nfiment of a Receiver, as hereinaker provided. I 5. 'I'his moztgage contract provides for additional advances which may be made at the option of the association and i se~ur~d by this mortgage, and it is agreed ihat in the eveat of sach advances the amount may be added to the mortgage ~iebt and shall increase the unpaid balance of tbe note hereby seciu~ed by the amount of such advanee and shall be a part of said note indebtedness under all the terms of said note and this oontract as f~lty as if a new such note and oontract were execnted and delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for different monthly paymeats and a diffeirnt interest rate and other~pr~ modifications of the contract, but in all other respects ihis contrad shlll remain in full force and effect as to said indebtedness, including all advances. - 6. If any of fihe snms of manry herein referred to be aot Pa'°n°P~Y ~~Y P~ `'~'~~D T~Y days next after the saa~e severally corae due and payable, or iE each and every the stipulations. agreement, conditions, and rnvenants of said promiswry note and thii deed, or either, are not duly perfoimed, oomplied with and abided by, t}~e agg~regate sum menHaned ; in said promissory note and any other amount ar amounts added to the mortgage indebtedness under tbe tenns of this mortgage ; shall beoome dae and payabk forthwith or theresfter at the option of the As~ociation, as fuDy and oompletely as if said aggregate ? sum of money was originaUy stipulated to be paid ~ such daY, anythin8 ~d Proa»ss°tY note or herein to tbe cootrary not- i "'ft}~andi°& ` 7. To deliver to the Association, ~ or before March 15th, of each year, tax receipts evideaciog the p~?yment of all IaN - ~ ~ fully 'unpo. aed ~es for the prececling calendar ywr; to deliver to the Associati~ reoeipts evidencing the p~yment of all liens for pubLc im ts within nir~ety (90) days after the same ahall bemme dne and payabk, and to pay or discharge within ~ ninety (90) a~due date, any and all govemmenml levies tl~at may be made ~ tha moctgaged pmpecty, on this mortgage ~ or note, o~ in any other way resulting from the'mortSaSe indebtedness secured by this morigage. { aoo,c166 ~2738 ~ _ . _ S .Lc'~c.~.'- _ t5 ya' ~ti " _