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Home My WebLink About2532 . ~ . ; , , • , . at all timeapeaceably aad quietly to entoc upon, hold, occupy and onjoy sasd tund; that said lu?d is frea from aU encumbrmoes; 1 that tl~ey wtIl maks s~ch futthar auunu~oes b~ perfed tbs fes dmple title to sajd land in the Associatiw? as may reaaoi?ably be requued, aad tlwt they do hereby fdly wariant the tltb to said land and wiU defead the sume against the lawful clauns of aA peisons whomsoever. PROVID~D ALWAYS that if the Mortgagors shall well aad truly pay unto the Assoriation, the indebtedness evidenoed by that certain promissory no~e, af evea d~?te ~rawitLy matls by the Mortgagors and payable to the Assoctation, in the principal ~ THIRTEEN THOLTSAND FIVE_HUNDRED AND_NO/100-_------ po~ ~Z13, 500. 00 ; sun? of . _ _ _ - which note, together with interest thereon as therein speciEied, i.s P~'Yable in ma~thly inttal)ments of.ONE ~iUNDRED SEVEN AND NO/100------------------------------------------------------------ ------------Dollars (i-------107.00__._ - on the-----.llth._.-----day of each maath rnmmencing with.---------Janusry 11,_1969 ---_wbich payments are to be upplied, first to inten~st. and the ba]ance to prindpal, until said indebtedness is paid in f~D, and sball perfoim, oomp1y with and abxk by each and every the stipWations, agreements, conditions and ooveaants of said promisso~ry? not~e and this ~~g~, ~~8 any advanc~es made by the Associatia~ to the Mwtgagors, or their suocessors in title:, for any purpoae, at any time before the release and cancc!lation of this matgage, bui at no time shall this modgage secure advsnoes on account THIftTEEN THOUSAND of said original note together with snch additional advances in a sum in e:oess a£________________.____-_____ FIVE HUNDRED AND NO/1~0-------------- 13, 500. 00 - --------------------________-----------------------________-------------.._Dollars (i------.------------------), plus any advances necessary to pmtect the security and costs, t~en this deed and the estate hereby created shall cease and be naIl and void. AND THE MORTGAGORS DO hereby cvvenant and agree: 1. To pay aII and smgular the princr~ and interest and oth~ sums of money pciyable by virtue of said promissory zate and this moztgage, or either, pmmptly on e daYs respectivelY the same severnlly oome due. 2. To pay aIl and s~giilar the tazes, as~ment~, levies, liabilities, obligation~ and incvmbrances of every nature and bnd now on said de.saibed paopecty, or that hereafter may be im~e~, suffered,~ ced, kwied. or as~ssed thereon, or that hereafter may be levied or ass~ed upon this Matgage, or the indebtedness secured hereby, cach and every, when due and pa ble, according to 1aw, beEo~e they beoome delinquent, and before any interest attaches or any alty it incwmed; and ~ar as oe any thereof is of record the same shall be promptly satisfied and discharged of reoord and original official document (such ss, for instance, the tau receipt or the ratisfaction paper officially endorsed or certified) shall be placed in the hands of said Association us !biortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any time pay the same or any part thereof ~vithout waiving or af#ecting any option, lien, equity or ri~t under or by virtue of this 1lfortgage, and the fuIl amount of each and every such payment shall be immediately due andpa ya le and shall bear interest from the date thereof until paid at the rate stated in the note secured hereby and together with such inter- est shall be sec~u+ed by the liea of ihis Mortgage. 3. 'To keep the buildings aad all equipment and ptrsonal property now or heteaEter on said premisa aovered br this mortgage, insured in a sum equal to at le~t the amount ot the mortgage. or an amount sufficient to comply wich an~r co-iiuurance rcquur- ment aovering the same under the la~vs of the State of Florida, oovering loss from both Ein and storm, making the loa under said 3 policies, each and tvery, payable to the Associatan, as mortgagee, u its interest may appear, and :aid imurance shall be in a good ° and raponsiWe insunnce company satisfutory to said Asaociacion, md written by a nesponaibk local agent satis[actory to said Asao- ; I~~ ciatioa; and the polic~r or poliata st~ll bear a standard mortgage dause without mntribution. and, if th~ original prinapal amount + of the mongage is Fi[ty Thousand and ao/!b0 Dollus (=50.000.00) or in aca~ thereof. shall be held by the Association, and, in the event any sum ot muney becomes payable under such policp or policies. the As~ociatioa :hall have the option to reoeive and apply : che same on acoount ot the indebtednaa hereby secured, or to permit the mongago~ to receive and use it. or any part thereof, for : ~ other purposes, without t6eteby waiving or impairing any equity. lien, or rigttt under and by virtue oE this mortgage, and may ; place and pay for such insunnce, or any pan thetmf, without waiving or affecting its option to [oreclose. or any right hereunder, and the full amount of eath and every such payment s6aU be immediately due and payable and ahall bear interest from the date thereoE unW paid at the nte uated in the note secuied harby and together with sud? interat shall be secured by the lien of thi: ` ; Mongage. ` 4. Toper~?~t, commit, or suffer no waste, impairment or deterioration of said pmperty, or any part thereof, and upon the failura of the mortgagors to keep ihe buildings on said property in good condition of repair, the Assaciation may demand the ' immediate repair of said buildings or the immediate repaymeat of the debt hereby secured, and the failure of the mortgagors i to comply with said demand of the As.9ociation for a period of Thirty (30) duys, shall constitute a breach of this mortgage, i and, at thc option of ihe Association, immediately mature the entire amoant of principal and interest hereby secured, and the ; Association, immediately and witlwut notice, may institute proceedinas to foreclose ihis mortgage and apply for the appoiniment of a Receiver, as hereinaker provideci. 5. This mortgage oontract provides for additional advances which may be made at the optiofi of the association and secia~ed by this mortgage~ and it is agreed that in the eveat of such advances the amount may be added to the mortgage debt and shall mcresse the unpaid balanoe of the note hereby secured by the amouni of s~ch advanee and ahall be a pazt o~ said note indebtedness under all the terms of said note and this ooatract as fully as if a new such note and oontract were executed and delivered. M additional advance agreement may be g~iven and socepted for such advance and provision may be made for ; I S different monthly payments und a different interest rate and other modifications of the oontract, but in all other r~cpeets ~ " ihis contrad shall remain in f~ill force and effect as to said indebt ess, induding all advances. ~ c 6. If any of the sums of muney herein referred to be not prompdy and fully paid within Thirty (30) days next after ~E the same severaDy eome due and payable, or if each and every the stipulations, agreement, canditions, and covenants of said i promiaory note and this deed, or either, are not duly perfom~ed, complied with and abided by, the aggregate sum mentianed in said pmmissory note and any other amoua* or amounb adde~ to tbe mortgage indebtedness under the terms of this mortgage ; shall beoome due and payable forthwith or thereafter at the option of the Association, as fuDy and oompletely as if said aggregate ~ ~~a ney was originally stipulated to be p~id on such day, anything in said promissory note or herein to the contrary not- ! & i 7. To deliver to the Associatioq on or before Mam.h 15th, of each year, tax receipts evideucing the payment of all la~•- ' fully imposed tazes for the preceding calendar year; M deliver to the Association receipts evidencing the p~yment of all liens ~ for public imp~ovemeab withiu ninety (90) days aker tLe same shaIl heoome due and payable, and to pay or disc~arge within ninety (90) days aker dne date, any and all govemmental kvies that may be made on the mortgaged property, on this mortgage ~ or note, ar in any other way resulting from the mortgage indebtedness secured by this mortgage. aooK 174 P~E 2527