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Home My WebLink About1527 ~ - ~ ! ~ at all timespeaoeaWy ~tnd quietly to eaMr upoq lald, ocs.~upy snd enjoy satd 1~tnd; that said land ~s free ft+ona all encumbranoes: that they wiII maice such fu~ther asstaanoe~ ~ pecfed tbe fes dinple title to said laad in t~s AuoMatiou as may reaao~ably be required; and that tbey do henby fu11y wan~ant tbe titb ~o said land and will defend the same against the lawful claims oE all persons whomsoever. ' PROVIDED ALWAYS that if the M agors st~all well aad tnily pay unto the Association, tbe indebtedneas evldenoed by that oermin prami~o~y not~e, of rvea daMa~erewitb, awds by tha Mortgagors and pavable to the Associatioa, in the princiPal surn of SEVENTEEN T$QjJf~i~J~J..4~ND__l~IQI.14Q-_-_--.r_~---.-------_--.-_---. Do11.Qrs _~7,.Q00.00 . which nate, Mgether with interest th~eon as therein specified, is payable in moathly installments of.. ..ONF HUNDRED THIRTY-TWO AND NO1100----------------------------------------------------- - --c-___ DolLqrs ~z 132. 00---- on the------------------------day of each month commencing with------ .__._______-------------~P~Y~~ are to be app1~, first M interest, and tbe balanc~e to principal, until said indebtedness is pnid in fuIl, and shaII with aad abide by each and every the s~ilations, agreemeats. conditi~ns and ooveaanis of said promi~o~y not~e and~ mortg,a8a And. including any advanoes made by the Association to the Mo~tgagors, ac their suoceasors in tit2a, far anY P~P°~ at any time before the release and cancellation of this mo~tgage, but at no time shall this mortgage secure advanoes an aecount of said original note Mgether with such additlonal advances in a sum in ezcess oE~_SEVENTEEN THOITSAND ~ AND NO/100------------------------------ 1?~;OOQ. 00 ------._____._-------------____.______.____._--..-------------------------Dollara (i------.-----_-_-------), plus any advances necess~ry to protect ibe secnrity and costs, then this deed and the estate hereby created shall cease and be null and void. " AND THE MORTCACORS DO hereby cvvenant and agn~c: 1. ~'o pay ait and singular ihe griacipa1 and intec~est and other sums of money pay~ble by virtue of said pranissory zwte and this moirtgage, or eitber, promptly on tl~e daYs respecHvelY the same severally come due. 2. To pay aIl and singular ibe a~ts, levies, lisbilities, obUgations and incumbrances of every natura and kind now on said desc~ibed propecty, or that hereafter may be imp~ed, suff~ced, leviecl, or auessed thereon, or that hereafter may be levied or assessed upon thit Mo~ttgagq ar t6e indebtedoess _ hereby, cach and every, whea due and pa bk, aoeording to law, before they becc~me delinquent~ aad before any interest attaehes or aaypen alty is incurne~;. and ~ar as any thez+eof is of reeord the sanne shall be pramptly satisfied and di9charged of record and the original o~l document (such ss, for iattance, the tax receipt or the satisfaction papec officially endorsed or t~tified)~ s~all be placed in the hands of said Assochtion ps Moartgagee within ten days nert akes payalent; and in the event that aay thereof is not paid, satisfied and diachacged, said A.ssociatiw? may at any tirne pay the same or any part thereof without waiving or affecti~g any option, lien, equity or nght under or by virtae of this Aiortgage, and the full amount of each and every such payment shali be immediately due andp~ yable and sball bear interest from the date thcreof antil paid at the rate stated in the note serured h~reby and together with snch intec- est shall be sec~med by the liea of this Mortgage. _ 3. To keep the buildings and all equipment and petsonal property nowr or lurea[ter on :aid premises oovered b' this mortgage, insured in a sum equai to at Ieast the amount o[ ehe mortgage, or an amount :uEficient to oomply writh any co-imuranoe require- menc o~vering the same undrr c6e laws af the State of Florida, oovering loss [rom both fin and scoim, making the lo~s uader ~aid policie~, each and every. pa~rable to the Asiociation. u mortgagee, u its intereat may appear. and :aid i[~uraooe shall bt ;q a g,ood . and raponsibk iasunnce company saei~aaory to said Assoaatioa. and written bp a raponsibk loul agent satisEacto~ to ~d A~o. cia[ion: and the potic~r or poliria shaU bear a standard martgage dause without contribution. and. if the original prineipal amount of the mortgage ii Fittr 'Thousand and no/ 100 DoWvs (';,iQ,000.00) or in accaa thereof. shall be Izeld b~ the Asaociatioa. and. in che event any wm of mane~r beoomea p~yable under such poliry or polici~, the Asaociatioa shaU have the optioa co reoeive and aPP~y ~he same on acnount o[ the indebtedne~s hereby secured. or to permit the mongagots to receive and use i~ or any part thereof, for other purposes, ~irithout therebr waiving or impairing any equity, lien, or tig6t undcr and Iry virtue af th» ~nortgage, and may plac~ and pay for such insunna, or any pan ehereo[, without waiving or afEecting its option to foreclose. or any right heeeunder. and tht Eull amount oE eac6 and every such payment shall be immediately due and payable and ahall bear interest from the date thereof until paid at the nte stated in the note securod henby and together ~vith sud~ intaest s6atl be xcured by t6e tien oE thit Mortgage. Topernut, commit, or suffer no waste. im~ent or deterioration of said propeity, or any part thereof, and upon the failura of the mortgagors to keep the buildings on said pruperty in good condition of repair, the Association may deawnd tbe immediate repais of said buildings or the immediate repayment of the debt hereby secured, ancl the failure of the mortgagors ro complv with said demand of the Association for a period of Thirty (30) ds~ys, shall constitute a breach of this mortgage. and, at t~c option of tl~e Association, immediately mature the entire amount of ~nincip~l and interest here secured, and tbe x Asso~iation, bnmecliaMly su~d without notice, may institute prooeedinvs m foreclose this mortgage and applv or the appoar?tmcnt of a Receiver. as he~r~te~ ~+OVideci. 5. Thit rrwrtgaga cmtract Prnvides for additional advanc~es which may be made at the option of the associatirnn aad secured by this morigage, aad it u agx+eecl ihat ia the eveat of such advances tbe auwunt may be added to the mortgage debt and shall iacre~e the unpaid baLnoe of the note hereby secured by d~e amount of such advance and st~alt be a part oE ~id note mdebtedneu under ail the terms of said note and this oa~tra~et as fuUy as iE a new such note and cantract w•ere executed and delivered. M additiaoal advance agreement inay be given and acaepted for such advanoe and provision may be made Eor cliffer~t mo~nihlv paymcY~b and a different intereat rate and otherexpr~s aadifieations of tbe eontract, but in all other respects this rontrsct ahall reina.in in full fo~ce and effect as to uid indebtedness, including all advances, 8. If any of the sums of mooey htrein referred to be ~ot promptly and #ully.paid within 'fhirty (30) days nact after the =ame severally eome due snd payabk. or if each and every d~e stipulations~ agreement~ conditions, and cov~enantt of said P~~rY aote and thb deod, or efther~ sue not dnly pdrfo~tned, oomplie~ w;th and abkled by~ tbe aggt~egate s~un weutiaeed ?n said paomis.wr~r note and any other ar~nt ot amo~mb added to tbe mortgage indebtedness under tbe terms of this mortgpge shall beconne due and pavaWe forthwith a thereafter at tbe option oE the Association, ss fuDy ind coROpletely u if said aggregate wit}utandm~QP was originatl~? ~ipulsted to be p4id ao sucb d~y, snYthinB in said promissory note or herein to the cn~trary rat- & 7. To ddiver to thc As.soc~ation. on ar be~ooe kiarch 15th, of eac6 year, cas rrcei~ evide~ng the P~yment of sll Lw•- Fully~ tueY for tbe ~ecrding cakndaryear; eo ddiv+er to tbe A~socistioa reoeipb evideacinng t}~e psyiment oE aD liens fn~h ~p ~yosve~e~b with~ ni~ety (90) days .ake.r tbe =ame ~all l~aeoroe dur snd purabk, and to pay o~ dircl~arge within d~ ~fter due date, aay and all gove~utal levid tbxt m~y be ~nade on the mo~tgaged prope~ty, o~ thls mor'tgage or nW~e~ ar in anr other way res~dtir~g fmm fhe mortgage indebtednesa ~ecured by thft mortgaRe. - ~ ~173 ~~.515 ~ ;