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Home My WebLink About0784 , j ~ ~ . ~ ~ 8t ~ hI[1Oi irid q1tI8~? t0 8l1~Ot ll~f0[L, }10~, 00~.11 y sill~ t71~? Sald ~iilld; ~t! 383d ~~t fi@O EIOIfI i~ ~CtlWbt'Y1100S: A ~II1~~C0 Sl1Cit flRtbE[ i~A00f ~~'0~ ~10 i~~O h~ ~0 Sil~ ~iDd ~l d10 /,ilOClatjO[? ~f IqAy iCBSOIIi~? bB req , and t6at tLey do henby fitl~y wsr:ant t b e t i t l e Eo ta i d l a n d a n d will defe~d the same a gainst the lawful claims of all persons w~wmsoev~. - PROVIDED ALWAYS that if the M agors shall well and tnily paY unto the ~atio'n. tha indebtedness evide~'°°d by tbat oertain pco~isso~? noEe, af evea daM~~erawlth. m~ds bY tbe Ma~igagors and payable M the Associs~tioa, in the principal S~ ~ _s~'~EErt ~x.Qus~.n Art?~.~Q!_ioQ~--_----.--.-~ -------_--.-_---_.na~~ ~ais~.Q~4._a~ . which iwEe, .~ogp~!!R.'r w~th iater~est ~reott•~.t tGere3n spedfled, is payable in montLlp instalhner?ts of-- • ONE.HLTNDRED-- : FORTY-FOUR AND NO/100------------------------------------------------------ _ . (i-----144.00.___ . • Se ember 20, 1968 • ~y~, on tha.__ Z~ ---__day uf each month commencu~g with-------_-~ ~ are to be app1~d, fint to a?terest, and d~e balance to piia«pal, until said indebtedness is paid in f~ll, and shall parfo~m, with and abide by each and every the stip~ations, agreemeats, oonditions and ooveaants of said ~Caissory note and mortga8e, And, includin8 any advances made by the Association to the M~tgaBors, ac their svocessors in titlv, foc anY P~P~ at any tinie before the release and canoellation of this moitgage, but at no time shall this mortgage secure advanoes on socoant of said original noce together with such additia~ial advances in u sum in ezcess ~f ~TEEN 'I'HOU3AND AND _ 16, 000. 00 NO/100------------------------~------ (i_~. p1~ ~y ad~ ~ry to protect the security and costs, thc~? this deed and the esmte hereby cTeated shall cea.ce and be nuA and void. AND 'THF MOR1'GAGORS DO hereby cvvenant aad agree: 1. To pay all and singular the pcincipal and interest and other sums of money payablc by virtue of said pn?micsory iwte and tbi4 morigage, or either, P~DP~Y a~ the daYs respectivelY the same severally come due. 2. To pay all and singular d~e tazes, a~nents, levies, liabilities, obHgations and incumbrances of every nature and kind now on said desaibed p~+npe~ty, or that hereafter mt?y be imposed, suffered. placed, levied. or a~ed thereon. or tbat bereafter may be levied or assessed npcm this Mortgage, a~ the indebtedness secured hereby, cach and every, whea due and payable, accord'mg M law, before they beoome delinquen~ and before any interest attaches or anypena1ty it incur~+ed; and insofar as any thereof is of record ihe same shall be promptly satisfied and ducharged of rEOOrd and the ori8inal official docameat (such as, for iastance, the taa reoeipt or the satisfaction 1~aPer officiauY endorsed or certifierl) shall be placed 'm the hands of said Association as Mortgagee within ten days next after payment; and in the event diat any thereoE is not paid, sati~fied and di~charged, said Association may at any time pay the same or any put thereof witLout waiving or affecting any option, }ie~. eqnity or ri t under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately d~ andp~ ya le and shall bear interest from the date thereof uatil paid at the rate stated iu the note serurecl hereby and together with snch inter- est shall be secured by che li~? of this Matgage. ~ 3. To keep the buildingi and all equipment and pe~sonal property now~ or hemfter on uid premi~a aoverod by this mortgage. insured in a sum equal to at leau the amount of the mortgage, or an amount suffident w aomply writh wy co-inwranoe riquire- j menc a~vering the aame under the la~vs of the Stace of Fbrida. oovering laas from both Eire and storm. making du lo~s under said k policia. each and every, payable to the Association, u moregagee. as its interest may appear. aad said i~~rance shall be in a good j and raponsible inaurance mmpany satisEaaory to said As~ociation. and written by a rapon:ibk local agent satisEactory to said Asso- ciation; and the policy or policia shall bear a standard mortgage clause without oontribution, and, if the original principal amount oE the mortgage i~ Fifty Thousand and no/100 Dollan (i50,000.0~ or in ace~ thereof. shall be hdd by the As~ociztioa. and. ia ehe event anr sum oE mune~r beoomes pa~n?ble uqder auch polic~r or polides, the Asaociation ihall have the opaon to reoeive aad appl~r the same on acoount of t6e indebtednas hereby secured, or to permit the mortgagoa w reoeire and uae it, or aay part thereot, for ocher purposes. ~vithout thereby naiving or impairing any equity. lien. or right under and b~ virtue oE this mortgage. and may place and pay for such insunnce, or any part thenof, without waiving or affecting its option to forecloae, or anr right hereunder, and the full amount of euh and every such pa~rment s6a11 be immediately due and payable and shall bear intaat fmm the date ehereof until paid at the rate staced in the noce secured hereby and eogether with such int~rat shall be secured bp the lien oE this Mortgage. ~ 4. Toper~n~t, oommit, or suffer no waste, impairment or deterioration of said prope~ty, or any part thereof, end upon the fsilure of the aartgagors to keep the buildings on said propecty in good condition of sepair, the Association may demand the immediate repair of said bnildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors to comply with said demand of the Association for a period of Thirty (30) days, sball constitute a breach of this mortga e, ~ and, at the option of the Association, immediately matune the entire amount of principa~l and 'mterest hereby secured, and ~ Association, immediatelp and without notioe, may institute pt+ooeedin;s to foreclose this mortgage and apply fsr the appointment ' of a Receiver, as hereinafter p~vided. i 5. 'rhis matgage coatract provides for additional adv~+nces which may be made at the option of the association and sec~red by thi~ matgage, and it is agreecl that in the event of such advancea the amount may be added to the mortgage debt and shall ~.se the unp~ed balanoe of the note hereby secured by the ainotmt of such advane~ and shall be a part af said note indebtedness under aII the terma of said note and this ca~tract as fully as if a new such no#e and contract w•ere eaecuted ; and delivered. Afl additianal advanoe agrcement may be ~ven and socepte~ for such advance and provision may be made for ; differei?t monthlY 1~Yments and a different interest rafie and othere~x~s modifications of the contract, but in ail other respects ~ this oontract ShaIl remain in fnll farce and efEect as to said indebtedn~, including alt advanoes. 8. If any of the svms of ma~ey herein referred to be not promptly and fully paid within Tlurty (30) days nert aker l the same severally come due and payable, or if each and every the stipulations, agreement, conditions, and cavenants of said promissory note and this deed, or either, are not duly perfarmed, complied with and abided by, the aggregate sum meatianed in said promissory note and any other amount o~ amotmts added to the mortgage indebtedness under tbe t~e~ms of this mortgage shall beoome due and pavable fortLwith or thcreafter at the option of the Association, as fully and oompletely as if said aggregate sum~nmonay was originally atipulated b be p~id on such day, anythinffi in said p~+omissory note or herein to the contrary not- & 7. To deliver to the Associatioo, on or before March 15t6, of each year, tax receipts evidencang tbe payment of all law- fnlly impoaeci t~es for t~e Prece~in8 calendaz year; to deliver to the Association reoeipts evidenci~g the payment of all lieas for public imp~ove~neab within ninety (90) daya after tLe same shall beoome due and payable, and bo pay or discharge within ninetY days after dne date, any and all govemmental levies that may be made on the mortgaged pmperty, on this mortgage or note, or in any other way resulting from the mortgage indebtedness secured by this mottgage. so~K 173 pA~ .776 ~