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Home My WebLink About2497 ~ ! • ~ ; ~ : at all timespeaceably and quiedy to eat~ upon. hold, accupy and enjoy sa?d lac?d: that said land 'u fne from all encumbrana's: that they wiU m~ke such fuithar ass~uanoes to pafed the fee tl~nple title to said laad ia the AssociuKon as may reasonably be required; and that they do hereby fully wan~?nt the title to aaid la~d and will defead the same against the la~vful clauns of all petsons whomsoever. PROVIDED ALWAYS tLat if the Mortgagors shall wcll and truly pay unto the Association, the indebtedness evidenoed by that certa;n promissary note. of even date D~ewith, mtds bY ~~sO~8a8ors and payable to the Association, in thc principal s~,n oE --~---EIG~T~~~_Y_~HQI~A~~_and_~4/100.--_-.---.----_--_--_-_--.--....___ noll~rs (z 18,.000,.00 .vhich note. together with interest thereon as therein speclfied, is payable in monthtl+ installments of. . _ . _ __._~104~ 63_ due_J~e__3,__1968; $101, 25__due_ July__3, .1968; _ _ _ _ . j ~ - 101.25 due Au t 3, 1968 and then ° - - - - . f - ; . . _ - - ONE_HUNDRED TWENTY-FIVE__and. NO[_100_.----.-_---_----_-._._Dollars (s 125,.00___._ Se tember 3~---1968 -----------------------------_which payments on the------ -3rd- -----day of each maith commencing with----- ----------P-------------- ar~ to be applied, first to interest, and the balance to p~incipal, until said indebtedness is gaid in full, and shall perfoim, oo~ with and abide by each and every the stiptilations, agreements, conditions and covenants of said ~uomissory note and mortgage, Md, including any advances made by the Association to the Mortgagon. or their suocessors in tit1C, for any purpoae, } at any time before the release and cancellation of this mortgage. but at no time shall this mortgage secure advances on account : i of said original note together with such additional advances in a sum in e~ccess of_______FIt'iH'r_F~EH_-------~--------------- ~ - ----THOUSAND_and_NO_(100_.--_---_--- _"_--'=_-"------.DoUars (=_181000s00----). plus any adva~x~es necessary , to protect the secarity and costs, then this deed and t},~; estate hereby created shall cease ancl be null and wid. f ~ AND THE MORTGAGORS DO hereby ctivenant and agree: 1. To pay all and singular the princa'pal and interest and other sums of maaey payable by virtue of said promissory note ; and thic modgage, or either, prompdy on tbe days respectively the same severelly rnme due. 2. To pay all and smgular the tazes, a~sments, levies.lisbilities. obligations and iacumbranc~ of every nature and lrind now on said described property, or that hereafter may be imp~ , svffered. placed, levied. or assessed thereon, or ihat hereafter may be levied or assessed upon this Mortgage, or the indeMedaess secured hereby, each and every, when due and gayable. . sccord;ng to law, before they become delinqueat, and before any interest attaches or any penalty is incurred; and insofaz :u any thereof is of record the same shall be promptly ratisfied and discharged of record and the original official document (such ' as, for instance, the tax receipt or the satisfaction paper officially endorsecl or certified) shaU be placed in the hands of sfiid ; Association as ~iortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any time pay the same, ar any part thereof ~vithout waiving or affecting any option, lien, equity or right under or by virtue of tbis !ltortg~ge, and the full amount of each and every such payment shall be immediately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in the note secured hereby and together with such inter- est shall be secured by the liea of ihis Morigage. . 3. To keep the buildings and all equipment and penonal property now or hereafter on said premiaa oovered by this mortgs?ge. insured in a sum equal to at least the amount of the mortgage, or an amount sutEiaent w tomply with any co-insurance require- ment ~vering [he same under the laws of the State of Florida. oovering loss [rom both fire and storm, making the loa under said ` policies, each and every, payable w the Association, as mortgagte, as its interest may appear. and said insunncY shall be in a good . , and raponsible insunnc~ company satisfaaory to said Association, and written by a respo~uible local agent satis[attory to said Asso- I ciacion: and the policp or policia shall bear a standard mongage clause without mntribution, and, if the original prinapal amounc oE the mongage is Fitty Thousand and no/100 Dollan (:50.000.00) or in accas thereof, shall be held by the Association, and, in ~ che event any sum of m~ney becomes parable under such policy ot policies, the As~ociatioa shall tuve the option to receive and apply che same on acoount of che indebtedness hereby secured, or to permit che mongagon w t~eoeive and use i~ or any part thereoE. for other purpcucs, without thereby waiving or impairing any equity, lien, or right under and by virtue of this mortgage. at~d may place and pay tor such insurance. or anr pan thereof. without waiving or afteccing ia option ta Eoreclose, or any right henunder, and the [ull amount of each and every such parment shall be immediately due and payable and ahall bear intetest from the date _ ! chereo[ uncil paid ac the rate stated in che note secu:ed hereby and cogether with such interat stull be secured by the lien of thi: ~ ~ :?tongage. # 4. ?ope rmit, commit, or suffer no waste, impairment or deterioration of ~said pmpert~, or any part thereof, and upon ~ the failuro of the mortgagors to keep the bnildings on said property in good condition of repair, the Association may demand the ' immediate repair of said buildings or the immediate repayment of the deb: hereby secured, and the failure of the modgagors to complv ~vith said demand of the Association for a period of Thuty (30) days, shall constitute a breach of this mortgage, and, at t~c option of the Association, unmediately mature the entire amount of principal and interest hereby secured, and the Association, immediately and without notice, may institute proceeclin;s to foreclose this mortgage and app}v for the appointn?ent ~ of a Receiver, as hereinaker provideci. ~ 5. This modgage contract provides for additiorul advances which may be made at the option of the association and ~ cecured by this mortgage, and it is egn~ed that in the e.w~t of such advances the amount may be added to the modgage debt and shall increase tLe unpaid balance of the note hereby secured by the amount of such advance and shall be a pait of said ~ note indebtedness under all the terms of said note and this contract as fully as iE a new such nde and contraM were executed ~ und delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for ~ ~ifferent monthlv paymenb und a different interest rate and other e:pras modifications of the contract, but in all other respects ~ ihis contract shall remain i~ full foroe and effect as to said indebtedness, Including all advances. ~ 8. If any of tbe sums oE money hecein refesred to be not prompdy and fullv paid within Thirty (30) d~ys ne:t after ~ the same severally come doe and payable, or if each and every the sNpulatans, agrcement, conditions, and covenunts of said ~ promissory note and this deed, or either. are not duly performed, complied with and abided by, the aggregate sum mtntia?ed ~ in said promi~sory note and any ather anwunt or amo~mts sdded to the mortgage indebtedness under the tams of this mortg,age shall became due and pay3bk forthwith or thera~fter at the option ~ the Associatia~, as fully ancl compktely as if said aggregate ~ sum oE money was originallp stipulated ro be patd on such day, anr?thing in said promissory note or herein to the contrarv not- ~ ~ wit}utanding. ~ ; ~ 7. To delf~•er to the Associa', on or before tifarch 15th, of each y~r, tas ceeeipts evid«~cing the p~yment of all law- ~ ~ fully impo~d t~es for the ~xeceding cakndar year, to deliver to the Association receipts evidencing the paymrnt of ap liens ~ ~ for pub(ic improvement~ vrithin ninety (90) daps aker tlie same slwU hecomo dur and payabk, and to poy or di~charge within # ninety (90) davs sfter due date, any a~ aq govemmental Ievie~ that tn~y be made on the mortgr~ed ~xoperty, cx~ thi~ mortRa~{e ~ ~r rat~, or in any other way resuhin~ fmm thr mortg,age indebtedness secund by thjs mortRaRe. ~ ~ ~ ~ ~~i71 ~z4~. ~ ~ € ~ ~ _ ,~~.~;t~~. ~ ~ - - _ = _