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Home My WebLink About0932 i . ; r + ~ ~ ; . ~ . . : . . at all eiwespa?oeably aad quietly to eutec upon, hold, oocupy and eajoy ssud l~ad; that said lvnd is free irom all eacumbranoes: 3 that~y will make such fu~thec atauaaoas ~o parfed tbe iee dmple title to said land in tbe Assocjation as may naso~ably be required; and that they do bereby f~? wurru?t tLs titk fio taid land and will defes~d the same against the lawEul claims of ~ all peisoas whomsoaver• PROVIDED ALWAYS tlu~t tf the M ~gagon sha11 weIl and truZY MY ~~O ~Q A~a~ ~d~~~ evldenced by dmt c~tain promissoq? no~e. of tv~ea daMa„~bee+awitb, muk bY tbe Moctgagors and payabk to the Asaocfatioa, in the princiinl ELEVEN T~IOUSAND AND NO/ 100--------------------_----poilars (=11,_000..00 swn of - which Aoce, togecber with interest d~treon as cherein specified, ia psyabk in ma?dilp instalhneints of._ EIGHTY-SEVEN--- AND NQj100-------------------------_-----.-------_--.-.-.------.--------.--_-_-.--.-----.--. . ~ - - - - - - - (i-- 8?• 00-------- _~which p4yase~tt on the------2nd---------~Y of each,nanth commencing w;th.--------December 2, _1968 are to be uppLed, firat to iatereat, and the balance to ~pel. until said indebtedness ~s paid in fuIl, and shaII p~fo:m, oomp1y with and abide by each and every ihe stip~ilatians, agreenae~ts. oonditions and covenants of said ps~omissocy note and tliit ~ ~~80. A~, ~8 a^y Advances inade by the Association to the Mactgagors, or tbea suocessors in titlv, fo~ anY P~PO°~~ at any time before the reka.se and cancelldtioa of this mortgage, but at no ti~ne shall this mortgage sec+se advanc~es ai aooount of said original note togethet with such additional advances in a sum in esoess of_ ELEVEN TIiOiTS,AND AND NO~100---------------------------------- ~=~.I,.QQ.4~_QQ---). ~ ~Y advances necessury to protect the sec~rity snd costs, then this deed and the estate hereby created shall cease and be nn and voi . AND THS MORTGAGORS DO hereby cuvenant and agree: 1. To pay all and singalar the prin«pai and inte~+e~t and other sums of moneY P~Yabk bY virtue of said promissory note and this mortgage. or either, P~O1°P~Y ~ the days resP°cti„~lY th° same se~e~llY co~ne due. 2. To pay all and siagular the taues, atsessments, 1CVies. liabilities, obHgatio~u and incumbrances of a~very nature and kind now on said described paro~ty. or that hereafter may.ben~m~, suffered, placed, 1eti'ied. or ass~aed thereon. or that hereafter may be levied or as~ed upon th~ Matgage, or tbe ess mecured hereby, cach and every, wben due and ps ble, according to law, bef~e they beoome delinquent, and before any interest attaches or anyp~ alty is incurr~d; and ~ us any thereof is of reoord the same shall be promptly satiaEied and di~charged of reoord and the ~ig~inal of8cial document (such ; as, for insmnce, tbe taz receipt or the satisfactian paper officially endorsed or certified) shall be placed in the handa of said Association as Mcutgagee within ten days nert after payznent; and in the e~vent that any thereof is not paid, satisfied und discharged, said Association may at any tirne pay the same or any patt thereof without waiving or affec`sg any option. lien, equitY o~' right under oc by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due andpa yable and shall bear interest fmm the date thereof until paid at the rate stated in the note securcYl hereby and together with such inter- est shall be secured by the lien of thit Mortgage. ~ 3. To keep the buildings and a11 equipment and perwnal property now or hereafter on :aid premises oo~ered bp this morcgage, insured in a sum equal to at leau the amount of the mortgage, or an ainount suffident w aomply ~rith aay ao-insuranoe require- ~ ment o~vering che same under the laws of the Stace oE Floridi, oovering loss iro~? bo~h fire and stoml, making the 1oa under :aid policies. each and every. papable w the A.uociation. as mortgagee, as its intercst may appear. and said iosurance sha11 be in a good I and responsiWe insurance co.mpanJr utisEaaory to said Associatioa. and written by a responsible 3oca1 sgent satiifacto~Jr to said As~o- ` ciation: and the policy or policia shall beu a standard mortgage dause .without oon~ributioa. and. iE the original prinapa! amonnt i of the mongage is Fiftp Thousand and no/ 100 Dollan (f 50.000.00) or in accea thereoE. a6all be held bp the Association. and. in che event any sum oE muney beooma payable under such policq or poliaa. the Aswciacion shall have the option w reaive aad apply che same on aocount oE [he indebtednes~ hereby secured, or w permit the mortgagon w reaeive and we it, or aay part thenof, tor other purpoees. ~rithout therebr waiving or impairing any equity, lien, or right under and by vircue of thn morts~ge, and ma) place and pay for such insunnce, or any pan thereof. withont waiving or atfetting its option to [oreclo~e. or any right hereundtr. and the [ull amount of eacL and every suc6 payment s6a11 be immediately due md payable and shall bar interat from the date ; chereoE uncil paid at the nte :caced in che note secuted hereby and together with~ s~ch interat shall be secured by the lien of this ~ t Mortgag~e. i 4. Topemu t, commit, or suffer no waste, impairment ar detaioration of said prope~ty, or any part thereof, and upon ~ the failure of the mortgagors to keep the buildings on said prnpeity in good condition of repair, the Association may deu~and the ~ immediate repair of said buildings or the immediate i~epayment of the debt hereby secured, and the failure of the mortgagors j to oomply with said demand of the Association for a period of Thirty (30) days, shall conttitute a breach o# thic mortgage. } and, at the option of the Association. immaiiately raature the entire amount of principal and interest hereby secured, and the Association, immediaMly and without notice~ may institute prooecdings to forerlose this modgage and applv for the appoinhnent ~ of a Receiver. as hereinaker providal. ~ 5. This matgage contract provides for additional advances which may be made at tbe option of the associati~ and secured by thb mortgage, and it is agFeed that in tbe event of such advances the amount may be added to the r~witgage debt and shall incres~e the un~aid balance of the note hereby secured by the amotmt of such advanoe and shall be a part of said note iadebtedness under all the tenns of said note and thi~ oontract as fully as if a new snch note aad oontract were executed and delivered. M additional udvance agreement may be ~ven and acoepted for sucb advanoe and pi+~viaion may be made for ? ciiffereat aanthlY PaY~ts and a different interest rate and other modific:ations of the oontract, but in all ot}~er respects i this contrad shAll remain in full foroe and effect as to said indelb~te~~, including a1l sdvances. 8. If any of the uuns of money herein rrferred fio be not P~P~Y ~~Y P~ `"'~~"D T~Y dsys neut after the same severaUy come due and payabk, or if each and every the stipulations. aSreement, condition:. and covenants of saici P~'~m'~O~Y note ancl this dee~ a~ eit6u, are not duly performed, complied with ancl abided by, tbe aggregate nnn mmti~aed in said prom~s.sory note snd any ~t~her amount a~ aaiounts added to tbe moctgage indebtedness under tbe tams oE this m~tgage aball beoome due and peyabb forthwith or thereafter at the optioa af the A~ociatioa, as fuDY and comPletel~' as if aaid aggregate sum of ma~ey waa originally atipulated b be paid on stxh day, anYthing in said Pr°°~s°~Y rwte or herein to the cantrary not- `~'it}~aad'n'& To ddiver M the Associatia~. on or before March 15tb, of eac6 year, taz reeeipts evldenc3~?g tbe payment of all law•- h~llypimp.oaed tases for the preoecling calendaryear; M deliver to tbe Asaocistion receipb rvidenciog die PaYment of all liens for ubLc imp~v~en b wlthin ninety (90) days akar tbe ssme shall t~eoome dne and payabk, aad ioo pay ot dfscharge within ninetY (90) days after due date, any aad all governmcatal levies t~tt awy be made on ibe a~ortgaged property, on this mortgage or note, at in any other way resuhing fmm the mortgage indehtedness secured by this mortg,age. ~ $o~ i74 ~~9 ~ , -