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Home My WebLink About2736 at all timespesoeably and quiedy to eate: upon, hold, oocupy and enjoy s~ud land; that eaid land is free from all encumbraaoes: that wID malce such furth~ asAUanoes ~o perfed the fee simpla tide to said land in the Asaociation as may rensonably be ~~t ~y do bereby ful]y watmnt the title tio said land and will defend tha sume against the lawful claims of all persoas whoms08ver. . PROVIDED ALWAYS that if the Mortgagors shall well and truly pay unto the Association, tl~e indebtedness evidenoed by that certain p~omismry nobe, of even date ha~'ev~'1tL. mads by the Mortgagors and ps?ya~le to the Association, in the Yxincipal sum of THIRTEEN.T~iQ[7SAND..1~!ID_~QJ100---_---_----.-------.-_--.-..-Dollats .13a.000~ 00 ~vhich note, together with interest thereon t?s therein specified is PaYable in monthly inscallme,~ta of. __Inter~$~ P.aypnen#s . _.in.~h~_amQu~nt_of_~81,_16.due_on.December._14,_ _196$_.and.~7$~_~4_.due_on ~anuary_ 14,_.1969 and then ONE HUNDRED I~TINETEEN._AND_~TQI_100--.---_-_-------.----_----------------- . . - ----.Dollars ~=._._119} 00.------ an the------~~t.~1.--------day pf each moath commencing with_------ FE'hr~ar~ 1-4s-1~fi~_------------------------~r1~ PaY~"~ are to be applied. fi~st to interest, and ihe balance M principAl. until said iadebtedness is paid in fiill, and shall perfoim. oo~ H~th and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and ' mortgage, Md, including any advances made by the 1~SOCiation to the Morcgagors, cr their successors in tit~es, for any ptnpose, at any time before the release and cancellation of thic mortgage, but at no time shall this modgage secure advanoes on account of said original note together with such additional advances in a sum in excess of_-_~~~'.~i~i~~$~~~~ AND N01100-A l~.~QQO._9Q lu~ an advances necessary -~oUats (i------ - - P Y to protect the security and costs, tben tbis deed and the estate hereby created shaA cease and be null and void. AND THE MORTGAGORS DO hereby a~venant and agree: 1. To pay all and singular the princi'pal and interest and other sums of money Irayabk by virtue of said promissory note and this mortgage, or either, promptly on tbe days respectively the same severallv come due. 2. To pay all and s~gular the taxes, a~ents. levies.liabilities• abligations and incumbrances of every natnre and ldnd now on said described pioperty, or that hereafter may be imp~se~1, suffered, plaoed, levied, or assessed theseon, or that hereaker may be levied or assessed upon this Mortgage, or the indebtedness secured hereby, cach and every, when due and payable. 3ccording to law, before they become deliuquent, and before any interest attaches or anype nalty is inciured; and insofar iis any thereof is of record the same shall be promptly satisfied and diccharged of reoord and the original official docvment (such as, for inctance, the tax reoeipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Associatian as Mortgagee within ten days next aker payment; and in the event that any thereof is not paid, saticfied and discharged, said Association may at any time pay the same or any part thenwf without waiving or affecbng any option, lien, equity or right under ar by virtue of this !~iortgage, and the full amount of each and every such payment shall be immediately due andpa yable and shall bear interest from the date thereof nntil paid at the rate stated in the note serurecl hereby and together with such inter- est sha11 be secured by the lien of this Mortgage. 3. To kcep the buiidings aad ali equipment and prnonal property now or hereafter on said premisa oovertd by this mortgage, insured in a sum eqaal to at least the amount of the mongage. or an amount suEficient to oomply ~rith any co-inaurance require- ment oovering the same under the l~ws of the Stace oE Florida, oovering loss from both fire and storm, making t6e loa under said policia, each and every. payable to the Asaociation. as mortgagee. as its interest may appear, and aaid insurance shall be in a good and raponsible insunnce rnmpany satisfaaory eo said Association, and writcen by a respo~ible lod agent satisEactory to aaid Asso- ciation; and the policy or policies shall bear a standard mortgage clause without oontributioa. and, if the original principal amount of the mongage i~ Fifty Thousand and no/100 Dollan (~50.000.00) or in accaa thereof, shall be held br the Associacion, and, in che event any sum of muney bec~oma payable under such polic~ or poliaes. the Aasociation shall have the opaon to reoeive and applr che same on aooount of the indebtedness henbp secured, or to permit the mongagors w reoeip~ and use i~ ar any pirt thenof, for ' ocher purposes, ~vithout thereby waiving or impairing any equity, lien. or rigiu under and by virtue ot this mortgage. and may r place and pay Eor such insunnoe, or any part thereot, wiehout waiving or aEEecting its option to ~orecbse. or any right heteunder. and the tull amount of each and every auch payment shall be immediately dut and payable and shall bear interest [mm the date { thereof until paid at the nte atatod in the note aecured hereby and together with such interat shall be secured br the lien oE this ~iortgage. . To permit, commit, or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon the failuro of the mort~;agors to keep the buildings on said property in good condition of repair. ihe Association may demand the ~mmediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors to complv with said demand of the Association for a period of Thnty (30) days, shall constitute a breach of this mortgage, and, at t~h~ option of the Association, immediately mature the entire amount of principal and interest bereby secured, and tl~e Association, immediately and without noHce, may institute pmceedin;s to foreclose this mortgage and applv for the appointment of a Receiver, as hereinaker provided. 5. This modgage contract ~xovides for additional advances which may be made at the option of the association and secured by this mortgage, and it is agreed that in the eveat of such advances the amount may be added to the mortgage debt and shaD increase tLe unpaid balanoe of the note hereby secured by the ainount of such advance and shall be a pait of said note indebtedness under all the terms of said note and this c~ntract as fiilly as if a new such note and contract were eaecuted ~ and delivered. M additional advanoe agreement may be given and acxepted for such advance and provision may be made for different monthly payments nnd a different interest rate and other ress modifications of the oontract, but ~ ull other respects e ihis contract shall remain in full foroe and effect as to said indybt ess, including a1t advanoes. 6. If any of the sums of money herein referred to be not promptly and fu11y paid within Thidy (30) days neat after the same severally come due and payable, or if each and every the stipulations, agreemeni, conditions, and covenants of said promissory mte and t}us deed, or either, are not duly perforn?ed, complied with and abided by, the aKg~+egate sum mentianed in said promissory note and any other amount or amounts added to tbe mortgage indebtedness under the terms of this mortgage shall baoome due and payable fo:thwith or thereafter at the option of the Asaociation, as fully and oompletely as if said aggregate sum of moaey was originally stipulated to be gaid on such day, anythinY in said PIOavss°rY note or herein to the contrary not- withstandin& 7. To deliver to the Association, on or before Mareh 15th, of each year, tax receipts evideacing the payment of all ~K•- fully imposed tazes for the prececling calendar year; to deUver to the Association receipts evidencing the psyment of all liens for public improvements within ninety (90) days after the same shall beoome due and payable, and w pay or discharge within ninety (90) days after due date, any aad all governmental levies that may be made on the mortgaged property, on this mortgage or note. or in any other way resWiing from th~ mortgaga indebtedness secured by this mortgage. BOOK 174 PACE~ t t)V ~ • • ~ _ ~