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at all time~peaoeably aud qutetly to eate~ upoq Lotd, oocupy and enjoy said luad; that said ]and 3= free from all auctmnbranoes;
that tl~ey wtD mslos ~oh EuKl~a~ a~uranoer to perfed d~e [es ~icnple titb to said land in the Aasociation a: inay rea~onably ba
requu+ed; and tbat tl~ay do bereby fully warrant the titie to aid land and .vill defcnd the same against the lawEul claims of
aA petsons wt,omsoevet.
PROVIDED ALWAYS that if thc Mortgagors shall well and tnily pay unto the Associatioq the iadebtedness evidenoed
by that ce~dtin pROmissocy iwte, aE e~vaa date hec+evvltb, msds by the Mortgagorx and payable to the Assoclation, in the princiiml
s~m of _...FIVE T~iOUSAND_F'IVE_.HtJNDRED_AND N0~100------.-----_pol~,~ (i -5,.500. 00
which note, together with interest theceon as thercin specified, is payabk In m«?thly instalhnents of-- FIFTY AND
NO/100------------------------------------------------------------------------
------------DoUazs (Z---- 50.. 00----~----
on th~---18t11_.__.__da of each month rnmmencin with___- August 18, 1968 ~
are to be u~ Brst to interest, and the b~lanoe tio prindpai, until said indebtedness it p~id hi full, and aball^Wperforc~,~oo~ply
with and a ide by each and e:~-,.zy the sN tions, agreemeats, co~ditions and coveaants of said promissory uote and this
mortgaSe, Aad, including any advances ma by the Association to the Mortgagors, ~ their s~rs in title~ for sny purpoae,
at any time before the release and cancellati~ of this mortgage, but at no time shall this mortgage sec~tu~e advances on account
of said original note together with su~ch additional advances in a sum in e:oess of_ FIVE ~THOUSAND FIVE ,
HLTNDR,ED AND NO/100------------------- 5 500. 00
- --------.Dollais (i-----'------------------). Plus any advances n~ry
to prutect the sec~uity and costs, the~ tbis deed and the estate hereby created shaA cease and be null aad void,
AND THE MORIGAGOR3 DO hereby wveaant and agree:
I. To pay all aad singular ihe prencipal aad iater~t and other sums of money payabk by vimie of said promissory note
and this moztgagea, or either, promptly oai the days respeetively tbe same seveially come dne,
2. To pay aIl and sTmgular the tazes, a~ts, IevIes, liabilities, obligations and incwanbrances of every nature and ]dnd
now on said described pro~erty, or that here,after may be im~d, suffeced, plaoed, kwied, or a~ theieon, or that hereafter
may be levied or assessed upon this Martgage, ~ the ind ess secured hereby, cach and every, when due aad payabk,
according to Iaw, before wey beoome delinquent az?d before sny interest attad~es or anype
nahy is incuTred• and insofar ~,s
any thereof is of record the same shall be ~omp'tly satisfied and discharged of reoord and the original of$cial docimne+~t (such
as, for uutanc~e, die tau reoeipt or the satidaction paper officially endorsed or oertified) shall be placed in the hands of said i
Associatio~ as Mortgagee within ten days next aker paymcmt; and in the event diat any thereof is not paid, satisfied and discharged, ;
said Association may at any tirae pay ihe same or any part thereof without waiving or affectnmg any option, liefl, equity or nght ~
under or by virtve of this Mortgage, and the full amount of each and every such payment ahall be immediately due andpa
yable
and shall bear intere.st from the date thereof until paid at the rate stated in the note securecl hereby and together with such inter-
est shaD be secured by the liea of this Mortgage.
3. ?o keep the buildings and all equipmeat and peisonal ~property now or I~a~ea[cer on said premisa oovered by this mortgag~e,
insured in a sum equal to at least the amount of the mortg~ge. or an amount sufEicieat to complr ~vith any oo-inwrmoe rcquirc-
menc o~vering thc same w~der the lawrs of the State of Florida, rnvering loss from both Eire and :corm, making the loo nnder said
policia, each and every. payable to the Assoc.iatan, u mortgagee, as its interat may appear, wd uid insurana st?aU be ia a good
and rcsponsiWe insurana mmpany satisfaaory to said Assodation, and writtea by a rapon~ibk bd agent utisiactory to ~aid Asso~ ~
ciation; and the polic~r or policia ahatl beu a standand mortgage clauae without contribution, and, if the original principal amount {
oE the mor[gage is Fitcr Thoasand and no/ 100 Dollus (f
50.000.00) or in acce~t thenof, ahall be held by the Association, and, in #
che event aay ium oE muney beoomes payable under such polic~r or poliaa. the At:ociat~on ~all have the option to reoeive and appl~r
che same on acoount of the indebtedness harby xcured, or co permit the mongagon w reoeive and use it, or an~ part theneof, for
ocher parposes. ~viclwuc thereby .,~;y~~ oT ;mp,;r;,,~ ,nr «~~;~r. lien. or ri~6t under and b~r virtue oE ~his mortgage, and may
place and pay for siich insurance, or any pan chenof. ~richout waiving or afEeccing its option to foreclo:e. or any right hereundrr,
and che full amount of each and every such papment s6all be immediately due and payabk and shall beu inttrest from the date
chereoE until paid at the nc~ atated in the noce secvred ha+eby and c~ogether ~rith such interat ~all be ~ecund by the lien of th~
biortgage.
4. Top~m~ t, commit, or suffer no waste, impairment or deterioration of said propeity, or any part thereof, and upon
the faiture of the awrtgagora M keep ihe buildings on said property in good c~dition of repair, the Association may demand the
;mmediate repair of said buildings or the immediate repayment of the debt hereby se~cured, ancl the failure of t~ morcgagors
to comply with said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage,
and~ at tl~e option of tfic Association, immediately mature the entire amount of principal and interest hereby secured, aad the
Association, immediately and without noHce~ may institute pruc.eedin;s to foreclose this mortgage and app}v for the appointment
of a Rec~ver. as he~~aftet providecl.
5. Tl~is mortgage contract provides for additiorwl advanc~es which may be made at the option oE the association and ~
secured by thit a~ortgage, and it is ag~reed that in t}~e event of such advances the amount may be added to the mrntgage debt '
and ahall increase the unpaid balanoe of the note hezeby serured by the amount of such advance and shall be a part of said
note indebtedness under sII the terau of said note and this caitract as fully aa iE a new such rwte and contract were e~cecuted
and delivered. M additional advance agreement may be given and aoapted for such advance and provision may be made for ~
cliffaeat m~th1Y PaYments and a differrnt interest rate aad otherex~ n~odifications of the contract. but in all other respects ~
ihis contraa shall remain fn fuq foroa and effeet as to said indebt
ned
e~, inciud'ung aiI advances.
8. If any of the sums of money herein refen~ed to be ~t P~P~Y and fully p4id withio Thhty (30) days neat after ;
the same severally come due and psyabte, or if each and every the stipulations, agreemen~ cooditions, and eovenants of said `
promis~ory aote and this deed, or either, are not duly perfa~ned, complied with and abided by, tbe aggregate sum m~r?tianed i
in ~aid p~onnissoq? note and any ~~ther amouat o~ amonnb added to tue mortgage indebtedness ~mder the tera~s of this nwrtgage !
s}~all beoane due and payable forthwith or t~fter at the option of tbe Associatia~, aa fully and compktely as if said aggrcgate
withdsndm~'.°"°y was originally sti~wlated b be paid on s~ch daY• anything i~? said promissory note or her~ein to the eontrary not-
&
To detiver to the Associaticm, on ar bcfore March 15th, of each yeu, tax m~eipb evideacing the pay~r~ent of all law•-
e :
w
fully im tw~e~ for tbe prec~erling cakndar yeu; to deUver to tbe Aawclatan receipb evidencinng the p~yment of all liens f
for impw~v~
b vvithin niixty (80) daps aka tbe same ~11 heoome due and paya6le, and to py o: disc}~arge within
n~tY ~90) days after due date, aoy aod dl goven~mental ~ tbat m~y be made ar t6e mortgaged proExtty, on this mortgage
or rate, or in any otl~er vv~y resuhing from the mortgage indebtedness x~curcd by this mortgpge.
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