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Home My WebLink About2906 ~ ! ; ~ 9 t at all timespe~ceably and quiedy to enter upon, huld, occupy and enjoy stud Ixnd; that said land 'u frca from all encumbrances: that they wiA make such furthar esnu~anoes tio pe~fed the fce dmple Ntle to said land in the Associarion as may reasonably be required; and that thay do hereby fiilly wartant die title to sa~d land and will dcfend the sume against the lawful claims of all persons whomscever. PROVIDED ALWAYS thut if the Modgagors shall weU and tndy pay unto the Association, the i~debtedness evidenoed by chat certain promissory note, of evei? date berewith. made bY the Mortgagors and payable to the Association, in the principal 9 0?0 00 s~un of riINE_THOUSAND SEVENTY. aad NO/ 100 _ Doll.~rs (a - ' - .~~hich note, together with interest thereon as therein specified, is payuble in monthly installments of . ~ , ~EYE~I'T_X-~IGHT..a~d--~QL1_oo - - - _ - - _ _ - ~ - i - - - - - - ---------._.Dollars (S ?8~ OQ--- - on the---- 20th ----day of each month commencing with._.._.. --------------------~~-20 --1968 --------------------which payments . ith~ d abided'by~ ea h and every theestip' ulatior?s~ agreem,ents, oonditionse andcovenan~ts of said promissory no~te~and this mortgage, And, including any advances made by the Association to the Mortgagors, or their successors in tidC, for any purpoae> at any time before the release and cancellation of this mortgage, but at no bime shall this mortgage secure advanoes on account of said original note together ~vith such additional advances in a sum in ~cess of____I!TINE_ THOUSAND SEVENTY__and _NO~ 100__---_---_-_-_----_---.-----.--Dollars (s_9i 070 .00.---_-), plus any advances necessary to protect the security and costs, then tbis deed and the estate hereby created shaU cease and be null and void. i AND THE riORTGAGORS DO hereby cvvenant and agree: • 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note and this mortgage, or either. pmmptly on the days respectfvely the san~e severally come due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and ]dnd now on said described prnperty, or that hereafter may be im suffered, placed, levied, or assesseci thereon, or that hereafter ~ may be levied or assessed upon this 1liortgage, or the inde tedness securecl hereby, cach and every, when due and gayabie, uccording to la~v, before they become delinquent, and before any interest attaches or any penalty is incurned; and insofar au any thereof is of record the same shall be prompdy satisfied and discharged of record and the original official document (such ss, for instance, the tax reoeipt or the satisfaetion paper officially endorsed or certified) shall be placed in the hands of said 4 Association as tiiortgagee 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 or any part thereof withont waiving or affecting any option, lien, equity or right 3 under or by virtue of this ~iortgage, and the full amount of each and every such payment shall be immediately due andpa yable d and shall bear interest from the date thereof until paid at the rate stated in the note securecl hereb}• and together with such inter- est shall be secured by the lien of this biortgage. 3. To keep the buildings and all equipme~t and personal propen~' now or her~eaEttr on said premises oovered by this mortg+ge, insured in a sum equal to at leut the amount of the mortgage, or an amount sufEicient to mmplr with any cd~insurance require- ment co~ering the same under the laws oE the Scace of Florida, mvering loss from both Eire and aco:m. making the lo~s under said , policies. each and every, payable to the A'ssociation, as mortgagee, as iu incerest may appear, and said insunnce shall be in a good ; j and responsible insurance company satisfaaory to said Association. and writtemby a responsible local agent utisfattory to said Asso- ciation: and the policy or policies shall bear a standard mortgage Flause without rnntributioni and, if the original principal amount ~ ot the mongage is Fifty Thousand and no/10~ Dollars (s50,000.00) or in excas thrreoE, shall be held by t6e Association, and, in • the event any sum of money bemmes patyable nnder such polity or policies. the Associati9n shall have the option to n~ceive and apply ; ~ thr same on account of the indebtedness hereby secured, or to permit the mortgagora co receive and use it, or any part thereof, for = other purpoacs, without thereby waiving or impairing any equity> lien, or right undet and by virtue oE this mortgage, and may i ~ place and pay tor such insurance, or any part themof, without waiving or affecting its option to foreclose, or any right hereunder, ~ and the full amoune of each and ecery such payment shall be immediately due and payable and shall bear interest [mm the date = thereoE until paid at the nte staced in the noce secured hereby and together with such incerest shall be secured by the lien of this f ~ ~tortgage. ~ 4. To permit, commit, or suffer no waste, impairment or deterioration of said proped}•, or :iny part thereof, and upon ~ the failuro of the mortRagors to keep ihe buildings on said property in good condition of repair, ihe Association may demand the f immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the modgagors 's to complv ~vith said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage, ~ and, at the option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the :~ssociation, immediately and without notice, may institute proceeciin~s to foreclose this mortgage and applv for the appointment > ~f a Receiver, as hereinaker provided. ; ~ 5. This mortgage contract provides for additional advances ~vhich may be made at the option of the association and . ~ secured by this mortgage, and it is agreed that in the event oE such advances the amount may be added to the mortgage debt ~ and shall increase tl~e unpaid balance of the note hereby secured by the amount of such advance and shall be a part of said note indebtedness undet all the terms of said note and this contract as fully as if a new such note and contract w~ere eYecuted .~nd delivered. M additional ndvance agreement may be given and accepted fc~r such advance and provision mav be made for " ciifferent monthlv pat~ments and a different interest rate and other express modifications of the contract, but in all~other respects ~ ~ ~his contrad shal! remain in full force and effect as to said indebtedness, in~luding all advances. ~ ~ 8. If any of the sums of m~rney herein referred to be not prompdy and fullv paid within Thirty (30) days next after • the same severally come due and payable, or if each and every the stipulations, agreement, conditions, and covenants of said ~ promissory note and this deed, or either~ are not duly performed. compUed with and abided by~ !he aggregate sum mentioned ~ in said promissory note and anv other amount or amounts added to the mortgage indebtedness under the terms of this mortgage ~ shall become due and pa~~able forthwith ar thereaEter at the option oE the Association, as fully and completely as if said ~ggregat~ ~um of money was originally stipulated to be paid on such dav, anvthing in said promissory note or herein to the contrarv not- ~ •~it}~standing. . . - i. To deliver to the Association, on or before ~tarch 13th, of each ~•eur, tax receipts evidencing tha payment of all lav?~- ~ ~ ~ fully imp~s~ taxes for the pre-cecling calendar vear; to deli~~er to the Associatinn receipts evidencing the gayment of all lims ; ~or pub il'c improvements w~ithir? ninety (90) days after the same shaq hecome due and payable, and to pay or discharge within : ~ ninety (90) da~s after due date, any ~nd all governmental kvies that may be made on the mort~a~{ed ~~xrty, cm this mortRa~e ~ nr not~, or in any other v~:iv msuitin~ fmm the mortgage indebtedness sec~~n~ bv this mortRaQe. ~ S ~ s i . - _ . __.V - - I - ,;~.'-r~+~-''r a?+s. ~;s-c~,7.=.~~ ~.F-_ r_ - ~ _