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Home My WebLink About2534 ~ ~ ~L~~~ ' r ~ ~1 . at all times aad quiedy to aa~ upoo. hold, oecu and mioy snd load; th~t said laad is free from all encumbrsnoes; ~t ~ ~o ~c ~ ~ a~ a~ ~ ~a ~a ~ a~ ~a~, ~ m. ~w~? ~ ~ ,~a a~ ~ ao ~ny ~t e~ ~ ~ ~.~a ~a ~a ,~u a~~a ~ ~ .~,~a ~ ~,~a ~ ~ au~~. PROVIDED ALWAYS that if the M agors shaU wQU aad truly PaY tmto the Associattoa, the indebtedness evida~oed by that oe~riin pcomissocy not~e, of evea dsts~~ec+~witL, m~is by the Mortga~Crrs aad payable to the Associ~tion. iin th~' p~ncipal TWENTY THOUSAND SEVEN HUND n/ 10 MRED_ TWENTY-FIVE_ 1ll~YD~~, ~fl~.~25. QO sum aE whid~ note, togetber with interest tl~ereoa as therein specified, is payabk in manthly installments oE.. ONE_ AUNDRF.'D _ SII~TY-ONE AND NO/100-------------------------------------------------------_ - - - (i--161.-~4------- on d~a_-1~---------day of each mmth coumoencing with------Q~1~~~,_~___~$___- _~_..,.___._which paymena are to be u f~rst to inte~st, and the balance to p~ndpal, until said indebtedrkss is paid in fuD, and sball pezfo~o, with and a~by each and every the~ twna~ agreementa, oonditions and oov~enanb of said p~+omisaory no~e and ~~Sa ~8 any advances made by die Associatioa to d,e Ma~tgagors, or cheir saocesson ia tlt~, for anY P~P~• at any tinne before tbe releose and cancellation of t6b mactgaga, but at no time sball thb moitgsge xcare adwnees aa acoo~mt • TWENTY TIiOUSAND SEVEN of said original note togetl~er with such additio~al advances in a sum in ~cess af_ HUNDR.ED TWENTY-FIVE AND NO/ 100-_----_-_-__~~ 20~725100 p~~,y advances naces:ary to probect the sect~dty and cosis, thea this deed and the estate hereby created shaIl cease and be null and void. AND THfi MORTGAGORS DO hereby ouve~wnt and agree: 1. To pay all and singular the p~ind~al and inte~est and other sums of moneY PaYabk by virtue of said promissory note and this mo~tgage, ot either~ P~~P~Y ~ t6e days re.spectiv~ely the same se~verally come dua 2. To pay aII and smguLr tbe tases, su~ta, levies, liabilities, obligations and incumbrances of evcry natme and ki~ad now oa said deacribed pmpe~ty, or that hereafter may be~~~n,~suffer~d, plaoed, levied. or ass~sed therean, or that hereafter may be Ievied or assessed upon thit Matgage, ac tha el aecured hereby, cach and every, whea due and payable, aocording M law, before they beoome delinquent, and beEore any interest attaches or anypen alty is iacurred; and in9ofar as any thereof is of record the same shaIl be p~mptly satisfied and di9charged of reoord and the orig'~nal ofticial docume~nt (such ss, for instance, the t~ receipt or the satisfaction paper of~cially endorsed or certified) shaU be placed in the hands of said Association aa Mortgagee withia ten days nezt after paymenh, and in the event that any there~f is not paid, sA 't~f'ied and discharged, said Association may at any time pay the same or any patt thereof without waiving or affecting any op~o0. liea? equit}' or rig~ t under or by virtue of tbis ~liortgage, and the fuII amownt of each and ~rery such payment ahall be immediately due andpa yable a~d shall bear interest fcom the date thec~eof until paid at the rate stated in the note secured hereby and cogether with such inter- esc shall be sec,u+ed by the liea of this Mortgage. 3. To keep the buildings and all equipment and penonai propertr now or hereafter on said premius oovered bp tha mortgage. inwrcd in a sum equal w at leau the amount of the mortgage. or ~rr~«~n~ ~~~r .r;~ ~y ment oovering the same under the V~vs of the State oE Fbrida. oovcring loa Irom both fire aud stotm, making t6e lat under taid policia. ach and every. pa~*able tn the As:ociation. as mortgagee. as its intenst may appear. and :aid i~nranoe :hall be in a good i and rapomibk iasunnce mmpany satisfaaory to said As:oclation, ~~tten by a rapoosibk local agent satittauor~ to said Asw- ' ciation: and the polic~ or policia shall bear a standard mortgage clause without oontribution, iE the ori~inal prinqpal amount of the mortgige is Fiftp Thousand aad no/100 Dollars ('f,j0.000.00) or in ezcas ther~eof. shall be held bp the Aaociatioa, and, in che event any sum oE muneJr beaoma payable under such poliry or policies, the As~odatioa shall have the option to reoeive aad aPPly che same on aoo~unc oE the indebtedneu hereby secured. or w permit thc morcgagon w reoeive and we it, or mp pan ~ha~eoE, for other purpo~a, without thereb~ ~raiving ot imPun~6 a~r Klwq. lien. or right under aod b~ virtne oE this mortgige. aud ma~ place and par for such iawnace. or any part thereof, ~ichouc waiving or aftcccing ia opcioo co foreclos~, or any right hereunder. and the fnll amoant oE each and every suth payment slull be immediately dut and pz~able and ~all bear incerac h+om ~he dace chereoE uatil paid ac the rate uacod in c6e noce secvred hereby and toge~ha ~rith such interat s6a11 be securod bp the lien oE thi~ Mortgagt. 4. Top~u t, commic, or suffer no wa~te, impairnteut a~ det~ioration of raid pcope~ty, or any pazt thereof, and upon the failure of the martgagon to kcep the buildings oa said pruperty in good condition of repanr, the A.xsocistion may demand the immediate repaic of sa3d buildings o~ tbe immediate i~epayment of the debt hereby s~e~cured, anci the failure of the modgagors to oomply with aaid demand of the Auociation for a period of Thi~ty (30) duys, shall constitute a breach of this mortga e, and, at tl~c aptiou of the Association, immediately mature the entire amotmt of principal and interest he:e~yr securai, aod As~ociatbn, immedisttcly and without nottce, may inatitute prooeedin;s to foreclwe this mortgage snd applv #or the appoinhment of a Receivtr, as LereimEter providecl. S. Tliis aio~tg,age contract p~ovkks for additional advanc~es which may be msde at the option of the a~ociatioa and sec~med by thb mastgage~ and it b ag,~+eed that in the eveat of such advances the amount may be added to the matgage dobt and shall ~csr.ase tbe unPatci baLnoe of the note bei+eby sec~ed by the amount of such advance ancl s2~Il be a patt of stid note bx~edness undcr all the tama of said noM and thi: oaotract ss fWly as if a new such note and cmtract were a~ecuted ~ and ddivered. M addiHaaal advsnoe aerecrnent msy be given and aooepted for wch advar,oe and provition may be made for ciiffereat monthlY P~Y~b and a dlffecent Interat rate and other~cp~ modificati~ oE tbe oa~tracc, bat in all otbes sespects this caatrad shnU ~+eawin in full fo~+oe and effect as M said i~3elbt ncd eu, inclnd'mg aD advances. 8. If aay of the sums of maney herein refexied to be not p~+omptlY ~~Y P~ T~Y (30) days neit after the same severaDp come dne aad payabk, or if each and every ihe tia~s, agr~ednent, ooaditfoc~s, and covawnb of saici promiasory note and this deed, o~ dthet. are not dWy pafarmed, oom~ with aod abided by, the ag~ate wm ment~ooed in s~d p~or~? note and any ot~ber amoinnt ar amo~tr added to tbe mottg,age iadebtednas undet ths terms of thb ma~tgage sbnU beoome due and pay+ibie forthwlth ar thcreaEter at the option af t6e Aaociatioo, u fWh? and oanpletdy as if said aggr~egatr sam~mo.~ey was ariginail~r st~puLted to be paid ea web dsp. aoytLing in iaid prombsory noce or ha~ein ro the co~trary not- & 7. To deliver to t6e A~ochtioo, on or be#ore MamL lSth, of e~ch year, t~x reoeiP~ ~8 ~ P~Y~t of an I~rr- fnpp 6npo~ed tasa for tbe preoeding cala~daryear;!o detiv+er to tbe Astochtbn reoeipb evidenci~ng the paymeat of an liens for pnblic Lpe~a~b witbin alnetp (90) days af~ ths same s1a~Y bsoo~ due and paysble, aod to pay a didurEe wftbin njoeh (90) davs afle~r due date, aop and all ~v~nmental ~avfea tbat may be msde m ths m~oet~ed p~vpMr, an this mo~tRaBe or note, or in aM? ot6e~r war resuking from the mortgags indebtedness aecured by thb ma~tg;a~e. . ~ 2 f ~ a ~ ' ~~173 F~25~.7 . i