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Home My WebLink About1318 i i at all timespeac~eaWy aad quietly to enter upo+~. hold. ~ccupy and ei?joy s;ud land; that said land is free fcow all eucwnbrancvs: that they wiIl mske sekh furthe~ aas~u~anoea to perfed tLs fee dmpb titb to said land ia the Associatioa as may ieasonably be requirEd; snd that they do bereby fuDy vra~raat tLe titb ~o ssid Iand aad will defead the same against the IawEu! claims of ap persons whomsoever. PROVIDED ALWAYS that if the 11iortgagon sluill weli aad tculy pay uato the dssociation. the indebtedness eviclencad by that certain promissory note. of evea date haewit~ msds by thc I?4atgago~s and pnwsble ?o the Associatioa, in the principal ~ - s~ ~ _..~~N. xxovs~ivn_~.vn_NQ~.~~n-.--:-.. . - . - ~ cs ~e, ooo. oo ` . , ~ .vhich note, togetber with interest the.-eon as therein sPecified, is Irayabk in moathly installments of. S~`TFrITX"-- ~ SIX AND NO/100----------------------~------------------------------ - - - - ~ . - - - . . - , - - . . . - ~ ~ _ - . . _ - . - ~ - - - - - ~ - : . . - - . . ----------~Do]Lars (=._Z6. QQ_ . _ ~ t on the-.---lst .----day of each maith commencu~g vrnth...__ _..__sT.AIIIi~C__1„__18~~-------------_--------•--------_which paymcnts ; :~re to be applied, first to interest, and the b~lance to pru~cipal, u~til said indebtedness is gaid in ivU, and sball perForm, oomp1y ; ..•ith and ubide uy each and every the stip~ hons. agreements, rnnditions and oovenaats of said pcomismry not~e and thic ~ mortgage, And, including at?y advances made by the Association to ihe Mortgagors. or their suocesson in titl~s, for any purpose, * at any time before the release and cancellation of this mwtgage, but at no time shall ihis mortgage secure advances oa account ~ oi said original note together with such additional advances in a sum in e~tcess of._.TEN THOUSAND AND ~ NO/100----------~------------------------ 10 000.00 ' --Dollu~s (i------ _s.____-------~-----)> phu any advanees necessary : to protect the security and costs, then this deed and the estate hereby created shall cease and be null and wid. AND THE 1~iORTGAGORS DO hereby aavenant and agree: L To pay all and singular the ptinc~'pal and iaterest and other sums of money payabie by virhrc of said pr~omis9ory twt~e :~nd this moitgage, or eithet, promptlY on tbe days respectivelY the same seve:aUy come due. ~ 2. To pay all and siagular the tases, as~ssments~ levies, liabiiities, obL'gations and incumbrances of every nature aad kind now on said desan'btc~ ~o~?, or that hereaker tnay be im~d, sufferEd,pI ced, levied, or assesscd tLerean, or that hereafter may be levied or asse~ upon this Moatgage, or t6e iadebtedness sec~ued ahereby, cach and every, when due and payable. ~ accorcling to 1aw, before tbey become delinquent, and before any interest attaches or auy penalty is incurned; and insofar as any thereof is of record the same sha[t be ~xnmptly satisfied and discharged of reoorcl and the original official docwne»t (such ~s, for instance, the i~c receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said ° Associatim? as \iortgagee within tea days next after payment; and in the event that any thereof is iwt paid, satisfied and discharged> i said A.ssociation may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equity or nght # under or by virtue of this ~tortgage, and the full amwmt of each and every svch payment shall be immediately dae andpa yable ~ s.nd shall bear interest from the date there~f until paid at the rate stated in the nc;c securc~tl hereb} and together with such inter- ~ est shall be secured by the lien of ihit Modgage. ' 3. To keep the buildings and all equipnnent and personal property norv or harafter on said premisa oovered by this mortgage. ~ insured in a sum equal to ac leasc the amounc oE che wor[gagr, or an amount wiEicieat to complr ~vith anr eo-insurance nquire- menc oovering the same under the ta~rs of the Swce oE Fbrida. covering Ioas twm both firr and stoim, making the loea under uid ~ policies, each aad every. parabk w the Association, as mortgagee. u its interat may appeu. and said insurance shall be in a goal - and raponsibk insunnce companr utisfactory to said Association. and written by a rapontibk loul agent satis[actory to said Asso- f ciation; and tht policy or policia shall bear a swndard mortgage dause without wntribution, uid. if the original prinapal amount oE the mongage is Fi[cy Thouund and no/100 Dollars (=50,000.00) or in accas thereoE, shall be held by the Associatioa, and, ia ehe event anr sum oE m~ney becoma payable under such poliqr or policies. the Association shall hav~ the option w t+eoeive and applr che same on acoount of the indebtedness hereby secured, or to permit the mortgagots to rective and use it. or any patt thenof, for oeher purposes, without therebr ~raiving or impairing any equity, lien, or rig6t under so~ by rirtue of this mortgage, and may • place and pay for such insurance. ot any pan~ehereof, without waiving or afiatu~g ics op~ion to torecbse, or any right hereuader, and the EuU amount oE each and e~s~ety such pa~rment shall be immcdiuely due and payabk and shaU btar interat from the date chereof antil paid at the nte suted in t6t note secured hercby and togeth~r ~ritll such int~rat shall be secured by the lien of thss , riortgag~. To Permit, rnmmit, or suffer rw waste, impairment or deterioration of said ~opert~, or any part the~+eof, and upon the failuro oE the mortgagors to keep the buildings ort said property in good conditan of repair, the ~ssociation may demand the • immediate repair o: said b~Wdings or the immediate repaytnent of the debt hereby sccured, and the failure oE the mortgagors to rnmglv with said demand of the Association for a periad of Thirty (30) days, shall constitute a breach of this mortgage, and, at t~e option of the A~ociation, immediateIy mature the entire amount of principat and interest hereby secured, and the Association, immediately and without notice, may institute praceedin;s to forecbse this mortgage and applv for the appoint~ment of a Receiver, as hereinaker provided. 5. T~us mortgage contract ~xovides for additional advanc~s which may be made at the option of the association and secuned by this mo~tgage, and it is agre,ed that in the event of such advanoes the amount may be added to the mortgage debt and shall increase the unpeid balance of the note heneby sec~ued by the amount of such advanee and shall be a part of said i note indebtedness under all the ternu of said note and this contract as fully as if a new such note and rnntract ~•ere executed ' and delivered. M additional adva~e agreement may be given and accepted for such advance and provision may be made for ! different aanthlv payments and a different interest rate and ather express aadifications of the eontracc, but in aIl other respects ~ ihis contrad shall remain in full fotoe and eEfect es to said indebtedness; including aB advanees. 8. `.f any of tiie sums of moaey herein refeaed to be not P~P~Y and fully paid within Thirty (30) days next after ' the same saveraily come due and payable, or if each and ev~y the stipulations, ooreement, conditioRS, and rnvenants of said ; Pmmissory rwte ancl this deed, or either, are not dWY Performed. complied with and abided by, the aggregate snm mentioaed ' in said promissory note and any other amount ar azraunts added to the mortgage indebtedness under the teims of this mortgage ~ shall beoome due and pav~bk forthwith or thcreafter at the option of the Association, as fuDy and rnmpletety as if said aggregate ~ ~m o~f '~money was origioally stipulated b be paid on s~ch day, anything in said promissory note or herein to the contrary not- & ~ 7. To deliver to the Association~ on or before ~lfarch 15th, of each year, tax receipts evidencing the pay~nent of all law•- ; Fully~ taxes for the prececling calendar yeu; m deliver to the Association receipts eviden~ing the pay~neat of all liens ° for unprove~oents within ninety (90) days after the same shall hecome due and payable, and to pay ~ d"ucharge within ~ ninety ~9p) days after due date, any and atl govemmental kvies that may be made on the mortgaged property, on this mortgage or rate, ~x in any other way resalting fr,~m the mortgage indebtedr?ess secured by this mortgage. ~ # } 600K~~7 FAG~~~Ii~ ~ - - _ T . - _ ~ _ > . - - _ - ~I ~