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at all timespe~oeably aad quietly to entec upoa, boW, oocupy iu?d enjoy sad 1and; t6at said land ts free fra~ua all encumbranoes;
that they vvill maioe wch furtbec an~aanoes t~ pedeat d~s tes dmp~e Ntb co said laad in the A~ociatioa as naay reasonably be
reqwr+ed. sud that they do htrebgr fuIly wanant tbe tlds ~ taid laad and will defead the same again:t the lawful claims of
all persons wboz~osoever, ~
PROVipED ALWAYS that if the M gagon shall weU aad trulY PpY unto the Auociation, the iadebtedness evideaoed
by that oertain pcomissory no~e, af ~ date~~6eraiwltL, mads by die Ma:tgaga~s and payaWe to the Assoclatioa, in thc prlncipal
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~_...SEVEN THO~ S~.H~.D~D _F'~'TY_ ANI?,lY4/_1Q9-.----.- n~ ca T, sS~..OQ. ~ ;
which not~e, Mgether with interest the~eon as d~eretn spectfjed, it payable in mopthly instalhncnts.of._ .~?~_.~._.~_.T_Y_.- AND----- ;
NO/100----------------------------------------------------------------------- '
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- - - (i 60,~00-- - ;
October 4 1968 ~
on ch~.___ 4th__----_aay ~ ~,,,~,~g , ______.~________._______._which paymea,d .
are to be ~p~ ~rst to inte~est, aad ihe baLnoe M p~a~ripal, until said indebt~dness is psid fn f~il, and a~II perfaem,
with and at by each aad avery thea~pu1at~oos, agreemeats, oonditioiu and ooveaants of said promiaay not~e and~t
~~80. Md, including any advanc8s made by the Associatioa to the Mo~tgag~s, or d~eir suoee~sods in Htlv, fac any porpome,
at any tia~e before the reka.te and c~ancellation of this mortgage, but at no time shall thit mottgage sxtu+e advaaors on aocotu?t
oE said origu~al note togethet with s~ch additio~al advances in a sum in e:oeas oE ~V~_ T$OUSAND S1X
HUNDRED FtF'TY AND NO/100------_=-------~pa,~ (i_---7=650_00 ~ny ad~nc~s n~r '
to ~c~c i~
~~y ~a i~
~
a~a ~a r~ ~e~ b~by «~tea ~u ~ ~a t~ nu
t~~a raa. '
AND THE MORTGAGOAS DO bereby ouveaant and agree:
I. To pay all and s~gular tLe princx'pal and inte~est and other sums of moa~eY PaYable by virh~e of said promissory iwt~e
and tbi~s mozt8a8e• °r P~mP~Y on tbe daYs respectivelY. the same se~rezaIly come due.
2. To pay atl aad smgular the ta~ces, au~ta, levjes, liabilities, obligations and incumbrances ~ every nature and ldnd
now on said descxibed prupecty, or tbat hecr~fter may be im suffered,p1aoed. levied. or asse~ed therean, or that hereaker
may be levieci or a~ upot? tbis Matgage, cn tl~e inde~~ sacured hereby, each and every, when due and payable,
acoording to law, befa+a t6ey beoome delinqueat, and be~oc+e any interest attscbes aar anyp ty is incumed; and i~ofar as
any thereof is of reoord the same shall be pmmptly satisfied and di~charged of reoord and the~original official docim~ent (such
ss, for instance, the tax receipt or the satisfaction PaPer officiallY endot'sed or certified) shall be placed in the hands of said
Association as Mo~tgagee within tea daya ne:t after p~yment; and m the event tLat any thereof is not paid, satisfied and dilcha~ged,
said Association may at any time pay the same or any peit tbereof without waiving oz affecting any option, lieu, equity or right
imdcr or by virtne of this ?~iortgage, and the ftill amo~nt of each and every such payment shaD be immediately due andpa
yable
and shall 6ear infierest from the date thereof umtil paid at the rate stated ia the note securecl heseby and together with such inter-
est shall be secured by the liea of this Mortgage,
3. To keep the buiWings aad all equipment and prrwnal property no~r or hereaEter oa said premi~a aoverod by t6i~ mortgage.
insured ia a sum equal to at leau che amonnc o[ the mortgage, or an awounc suEGcient to oomply ~rith aa~ oo-inwranoe reqnirc.
ment aavering the ume under the laws of the State oE Florida, aovering losa from both fire and swtm. making the bw under said
poliaa. each and tvety. payable w the As~ociation. u mortgagee. as its interat ma~ appeu, and :aid imuranae shall bt ia a good
and raponsibk inwranae company sacisfaaor~ eo uid As:ociation. and written bp a rapon:ibk bcal agent satisfactor~ to uid Aao~
ciaeion; aad the policp or policia s6a11 bear a:czndard mortgage dause N,;thouc ooQaibution, and, iE the original principal amount
oE the mortgage is Fifty Thousand and no/100 Dolla~s (~50.000.00) or in ecaea chereot, shall be htW by the Asiodztion, and, in
the event any sum oE moaep beooinet payable under such poli~ or policia, the A~ociation shall hive the option to zeoeive aad apptp
che ume on amounc oE the indebcednas hereby :ecvred, or co permit the mortgagoa w reaeive and use it, or m~ part thereof~ for
other purpoees. ~rithout thtreby waiving or im~iring any equitr. leea. or right under and bp virtne of ehis aartgage, wd may
place and pay for such insurance, or any part thereoE, ~rittwut ~raiving or afEecting ib option to Eorecla~e, or any right henunder~
and the full aawunt of ~ach and rvery:uc6 papmene shall be immediately due and payable and =hall ~beu interat {mm the date
chereoE uneil paid at the nte staced in the nae secured hereby and «~gecher with such intemt shall be ~ecured b~ t6e lirn af thi~
Mortgag~e. -
~f. Top~m~
t, oommit. or suffer no waste, unpairment a~ deterioration of said p~operty, or an thereof and u
the failure of t6e mortgagora to keep the build'mgs ~ said pnnperty in good condition of rep~ir, ~?y a~a ~
immediate rep~ir of said buildings ~ the immediate ~payment of the debt hereb secured, and the failure of the mortgagors
e
to oomply with said demand of the Association for a Period of Thnty (30) days, constitute a bmsch of tl~ ma~tg,~ge,
and, at the opHon of t6e Assaciation, imm~ediately mature the entire amouat of p~incipal and interest heneby seciued, end tbe
Associatjon, immedi~t~ety and wit}a~ notloe, may institute proceedinqs to foreclose this mortgage and applv for the appointment
of a Reeeiver, as he~after provided.
5. 'This mo~tgage oontraet p~ovides for additioriul advanc~s which may be ma?de at the option of the associatson and
sec+it~ed by this mortgage, w~d it ~ agreed thst in the evmt of such advanees the amonnt may be added to the mcMgage debt
and ~haD ~oerea~e the uapeid balanoe of the note bereby secured by the amouat ~ such advance and shatt be a pa~t of s~id
note indebtedness under ;.U the terms of said note and tbis oontract as fully as if a new s~ch note and oontraM were e~ecuted
and delivtral. M additional advance a~t may be given and aooepted for such advance and provisio~ may be made for
different monthlY P~Y~b and a diffe~ent interest rate and otha modificatioos of tbe contrac:t. but in all other r~cpects
r cpect
this contrad sball reanain in Eulf foroe and effeet as to said indebt , induding alt advanoa.
Q. If any of the suins of ma~? herein referred M bs not P~P~Y ~~Y P'~ T~*h' ~ys next aker
the same ~everaUp cvms due aad payabk, or if eac~ and every the sti tions. a8reernent, condit~oiu. a~nd cove~wnh of s~id
promiaory note and thk cleed, ar are not duly perforn?ed, oom ied with and abided by, tbe AggeegRte sum mentiaoed
in swd pro~misso~y note and any other unownt a aaw~b added to tbe matgage bidebtalneu under tbe tecnu of thta matgpge
sbali beeoms due and pwWa farthw~L ar tha~aEter at the option af t6e As~ociAtjoc~, as fuUy and campZetd~? as tE said aggregate
su~n~~money was origin4Uy stipulated to be p~id oo wch d~Y• ~Y~S ~ Pro'~'~~Y note or herein to d,e cbntrary not-
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T. 'I'o detiver bo the Associatioa, on or 6efore Macch 15th. of eacb y~ar. ta: e+~odpts evide~ocing tbs pay~oeat of dt Lw•_
fu11y~ tsYa for tbe precrrling cx~kndar . to ddiva to the Association recdpb tbe payma~t oE all lims
~ 90 ~da aher dus~ds ~ tl~s :ame sfall beoo~ue clue aod p~j~ to pay or di~ebarge wid?in
~r~eioM` «,6~ y oe~er way rr~suhir~ fran the~~idebe~~~
ured this mort"~8~~ PfOf~'~7• an rfiis mo~tl~8~
'n°rtgaS~,s ~?yr &~R~•
~~i?3 ~i236
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