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Home My WebLink About0206 , . at all timespeaceably and quietly to wter upon, hold, occupy and enjoy sFUd land; that said land is fn~e iroaa all ancumbranoes; chat they wiII malce s~ch furthesr ass~uano~ to perfed tbs fes stmple title to said lsnd in the Axsociutian as may reasonably be reqwred, apd that they do hereby fully warrar?t die title to said land and ~vill def~d the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS that if the Mortgagors shall well and truly pay unto thg As~ciat~on, the iadebtedness evideawed by that certain promissory not~ of even data Lerewitb. made by the Moctgagors an~ pa}?uble to the Association, in the ~inci~xil sum oE TWENTY_ THREE T~IOUSAI~D--$IX H~T~1~~~._~d__~UI_1_Q0. pollars (i .23,.600...QQ which note, together with interest thereon as therein specified, is PaYablc in monthlY installments of -----~1~.._~~ due_Sep!t.ember._1,...19_68:--~1~7~_6f__du~ Q~tober._l._._1968--- - - - ---..-----a~nc~.t~et~_4rI~._HITIII?R,EA_~IXTY__SEYEN_andl~I4l14St--'-'-'- -------------------------------------=----_--_-------Dollars (i-----~.~?~ 00_---- on ihe___._f~3t------daY of each month rnmmencing with-------------------N.QYEm~1P.r--1r.1~fi8-----------------which P~Y~~ are to be applied, first to interest, and the balance to prnacipal, until said indebtedness is paid in ful1, and shall perform, aoin .vith and abide by each and every the stipulations, agreemenis. conditions and rnve~?ants of said promissory nobe a,nd mortBaSe, And, includiug any advances made by the Associabon to the Moitgagors, or their suocessurs in titles, for any purpose, at any time before the release and cancellation of this mortgage, bat at no time shall this mortgage secure advances on account of raid original note together with such additional advances in u sum in excess TN~=~Y_TARF~_THQZj$~DTD SIX HLTNDRED az1d. NO~ 100__'-' r--_'~_- ~-~------.Dollars 23z600. 00-----), plus any advances necessary - - to protect the security and costs, then this deed and the estate hereby cxe~?ted shaA cease and be null and wid, AND THE rfORTGAGORS DO hereby cvvenant and agree: 1. To pay al! and singular the princi'pal and interest and other sums of money payable by virtue of said promissory note and ihi4 mortgage, or either, promptly on the days respectively the same severally oome due. 2. To pay all and singular the ta~ces, as~ments, levies,liabilities, obligations and incumbrances of every nature and lond now on said desc~ibed propecty, or that hereafter may be imp~d, suffered, placed, levicd, or ass~ed therean, or that hereafter may be levied or assessed upon this Mo~ttgage, or the indebtedness secured hereby, cach and every, when due and pa ble, 0 according to 1aw, before tbey beoome delinquent, and before any interest attaches or anypen alty is incumed; and 'uuo ar as <~ny thereof is of record the same shall be promptly satisfied and discharged of reoord and the original official document (such ~s, for instance, the ta: receipt or the satisfaction paper oKicially endorsed or certified) shall be placed in the hands of said Associati~ as ~tortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfied and ditcharged, said Association may at any time pay the same or any part thereof ~vithout waiving or affecrw' g any option, lieq equity or ri~t under or by virtue of this ~Sortgage, and the fu11 amount of each and every snch payment shall be immediately due andpa ya le and shall bear interest fmm the date ihereof ~ntil paid at the rate stated in the note serured hereby and together with such inter- est shall be secured by the lien of ihis Mortgage. 3. To keep the buildings and all equipment and peraonal property now or hereafter on said premiaes oovered by this morcgage. insurcd in a sum equal to at leut the amount o[ the mortgage, or an amount sufficient to comply rvith any eo-in~rance requim I ment oovering the same nnder `the lavrs of the State oE Florida, oovering loss from both fire and storm, making the loa under said ! policies, each and every, payable to the Association, as mortgage~. as its interat may appear, and said insurance shall be in a good ~ and responsible insurance rnmpany satisfaaory to aaid Association, and written by a responsible local agent satis[actory to aaid Asso- ciacion; and the poliry or policies shall bear a scandard mortgage dause without contribution. aad, iE the original prinapal amount of the mortgage is Fifty 'Thousand and no/100 Dollan (~50.000.00) or in txceat thereof, shall be held by t6e Asfociztion, and, in the evenc any sum of muney becomes payable uader such polic~+ or policies, the Associitioa ihall have the option to reoeive and apply the same on aeoount oE the indebtednaa hereby secured, or to permit che mongagon to reaeive and use i~ or any part thereof. for ~ ocher purpoaes, without thereby waiving or impairing any equity. lien, or right under and by virtue of this mortgage. and may place and pay for such insurance, or any part t6treoE, w~ithout waiving or affecting its option to [oreclose. or any right hereundet, ; and the Eull amounc oE each and every such payment shall be immediately due and payable aad shaU bear interest fmm the date chereof until paid at the nte stated in the no[e secured hereby and together with such interat s6a11 be ucured by the lien oE this Liortgage. ' To permit, rnmmit, or suffer no waste, impairmeat or deterioratioa of said property, or any part thereof, and upon the failuro of the mortgagors to keep the buildings on said pmperty in good condition of repair, the Association may deinand the immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors "s to comply with said demand of the Association for a period of Thuty (30) days, shall rnnstitute a breach of this mortgage, ; and, at the option of the Association, immediately mature the entire amoant of principal and interect hereby secured, and the As.sociation, immediately and without notice, may institute proceedin;s to foreclose this mortgage and apply for the appointment ~ ~ of a Receiver, as heremafter provideci. ; 5. This mortgage contraa p~ovides for additionul advances which may be made at the option of the association and secured by this mortgage, and it is agreeci that in the event of such advances the amount may be added to the mortgage debt and shall increase the unraid balance of the note hereby secwred by the aawunt of auch advance and shall be a part of said s note indebtedness under all the terms of said note and this contract as fully as if a new svch noie and contract w•ere executed ! ~ :,nd delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for ; different monthlv paymenb and a different interest rate and othere~cpress awdifications of the contract, but in all other respects ; ?his contract shall remain in full force and effect as to said indebtedneas, including atl advancea. + 8. If any of the sums of money herpin referred to be not promptly and fuUy paid within Thirty (30) days next after - the same severaQy come due and payable, or if each and every the stipulatians, agreement, cooditions. and covenants of said promissory note and this deed, or either~ are nat duly performed, rnmplied with and abided by~ tl~e agg~+egate sum menti~ed in said promissory note and anv other amount or amounU udded to tbe moitgage indebtedness under the terms of this mortgage shaU beoome due and pa}~bk ~orthwith a~ thcreafter at the option of the Association, as fuUy and compktely as if said aggregate sum of money was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- ~vithstanding. i. To deliver to the Association, on or beforo ~farch 13th, of each year, tax receipts evideacing tbe payrnent oE aU lavr- # Fully impos~1 ta:es for the prerecling calendar year, to deliver to the Assoctation receipts evidencin~g the paymec~t of aD liens ; for public improvements W~;thin ninety (90) days aker tbe saa~e siwll hecome due and pnyabk, and to pay or discharge within ; ninety (9p) days after due date, any aod all govemmental bvies that may be made a~ the mortgaged pro~xrty, on this mortRage ~r note, ac in any other way resulting Erom the mortgage indebtedness serured by this mortgaRe. ~ ` ~ , eoox 173 PACE 204