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Home My WebLink About2201 . . ~ ~ _ • 1 at all timespeaoeably and quletly to es~ter upon, hold, oocupy and enjoy su~d lund; that satd land is free from aU enc+imb~anoes; that tbe wiII mAke snch further aas~uanoes ~ Ferfed tbe fee simp~ title to said laad ia the Assoclndou ~ may reasa~ably be ,.~u~; a~] tha~ th,q, da bereby f~lly warrant tbe title to siid land and will def~d the same against the lawful claims of all persons whomsoever.~` PROVIDED ALWAYS that if the I~! agon shall weU and truly pay ~wto the Ass~ciatio0. the indebtednas evideaoed by that ceztain promissory Aote, of evdt date tb. mads by tbe Mortgagors and papuble to the Associatioa, in the principal ONE HUNDRED THOUSAND_AND.NO/l00-_---_----_--_-_-.--.---_-.-~ollars ~=100j 000, 00 siun of - - - - ~ ~ - which note, together with interest therdon ~t_the .r.ate _ specified,___.Principal shall_be due_.and_.pay24b~~ ei.ghte~A.~1.8~.months _flcQm date}___Interest . shall be due and payable moathly _ _ _ ---day of each maith cummencmg with----.- --~u---- on the- -18~-- - - - A st__1 _ 1969----=----------------=---------------~~ ~ . . . . . . . ~ ~ ~ oom with and a ide by each and every the sti tions, agreements, conditions and covenants of said p~omis~o~? no~e' and mortgage, x7otx then this deed and the esmte hereby cxeated shaU cease and be nu 1 and void. AND THE MORTGAGORS DO hereby cvvenant and agree: 1. To pay all and singular the principal and interest and other sums of money payabk by virtue of said promissory iwte ::ncl this moitgage, or either, promptly ~ tfie days respec.'tively the same severatly come due. 2. To pay all and smgular the tazes, a~sments, levies, liabilities, obligations and incumbrances of every nature and Idnd now on said described pzopeity, or that hereafter may be im , suffered, placed, levied, or assessed thereon. or that hereafter may be levied or assessed upon thit 1lioztgsge, or the uide tedness ~rec1 hereby. cacb and every, wheu due and payable, uccording to 1aw, before tbey beoome delinquent, and before any interest attaches or any penalty is incurred; and 'uuofar as any thereof is of record the same sl~all be pmmptiy satisfied and discharged of record and the orig~inal official document (such ss, for instance, the tax receipt or the satisfaction paper officially endorsed or certified~ shall be placed in the hands of said Association as'~iortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any tirne pay the same or any part thereof ~vithout waiving or affecting any option, lien, equity or right imder or by virtue of this ~iortgage, and ihe full amount of each and every such payment shall be immediately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in the note securecl herebv and togetherr with such inter- est shall be securEd by the lien of thic Mortgage. 3. To keep the buildings and all equipmenc and penonal propertr now or herrafter on uid premisd covered by this mortgage, iruured in a sum equal to at leut the amount o[ the morcgagr. or,an amount sutficiene to comply with an~ cainwrance req~ire- ment oovering che ume under the laws of the Snte oE Fbrida, eovering lou from both tire and storm. makin6 the loa under uid policia. each and every. payable to the Associaeion. as morcgagee. as its incerest mar appean and said insurance ahall be in a goai and tesponsiWe ituunnce company satisfactory to said A~ociation, and written br a respo~ibk loul agent uti:factory to said As~o- ~ ciation: and the policy or policies shall bear a standard mortgage clause without contributioa. and, if the ariginal prinapal amount j ot che mongage is Fi[cy Thousand aad no/ 100 Doilan (~i' 0.000.00) or in acw thercdf. s6all be hdd b~r the A:wciacion. and. in i ehe event anr sum oE m~ne~r becomes payablt uuder such po4c~r or policies, the As~ociation sh{U have the option w receive ared apply ; the same on acoount of the indebtedness hereay secured. ot to permit, the mortgagon eo rebeive and we it, or an~ part there~of. for i other purposes, without thereby waiving or impairing any equity, lien, or right under and br virtue o[ this mortgage. and ma~r ~ place and pay tor such i~uunnce. or any pan eherrot. w~ithout waiving o~ atfecting ia option to Eorrclae. or ahr right hereunder. g a~~d tht full amount of each and every such payment shall be immediately due and payabk and shaU bear interat ftom the date ~ chereoE uaW paid at the nte stated in the note secured hereby and together ~vith wch iaterat s6a11 be secured by the lien oE thit ltortgage. ~ 4. To~erm~t, rnmmit, or suffer no waste, impairment or deterioration of said propert~, or any part thereof, and upcm the failuro of the mortgagors to keep the buildings an said preperty in good condition of repair, the .i~ssociation may demand the immediate repc~ir of said buildiags or the immediate repayment of the debt hereby securcd, und the failure of the awrtgagors to complv with said demand of the Association for a period of Thirty (30) davs, shall constitute a breach of this rr~rtgage, and, at t~c option of the Association, immediately mature the entire amount of principal a~d interest htrebq secured, and tbe Association, immediateiy snd without notice, may institute procecdin;s to (oreclose this morti{age and applv f~r the appoinhnent of a Receiver, as bereinafter provided. ~ 5. This rnatgage c«~tract provides for additiorwl advances ~•hich rnay be made at the option of the ~ssociatia~ and tecund by this mortgage, and it it agreed tbat in the eveat of such advances tbe amount may be added to the mortgage debt and shall imcrease the un~ balancx of t6e note hereby secured by the aawunt of such advance and shall be a put of said note indebtedness imder all the terms of said note and thii oontract as fuUy as iE a new such note aad contract w~ere eseruted ~ .~nd delivered. M additiooal advanee agreement may be given and accepted for such advanoe and ~+avnion roay be made for = ~-~iffemnt monthlv pa,vmenb and a difEerent interest rate and othe~ modificatio~u of tl~e o~tract. but in all other rrsp~cts ` ihis contrad shnll remain in full foroe and effect as M said indebh.e~,• including all adv~nces, ~ Q 8. If anv of the s~rns of moaey }ureia reEared to be not P~'o'mPdY and fuUy paid within T6lrty (30) days ne:t after the same severaUy come due and payable, or if each and every the sti tions, agreement, conditions, snd cm~enants oE said promissory note ancl this cleed, or either, ara not duly perfosmed, comp~d with and abided hy. the aggeegate sum mentiosied j ~ in said promiaory note and anv otber amount o~ amoimts addc+d to the moitgage indebtedness under tbe ternss oi this mortgage ~ ~ :haU becoa~e due and pay~ble ~orthwith ar thereafter at tbe option of the As~ociatioo, as fu1)y and compktely as if said aggregat~e ~ ~ sum of ma~ey was originaUy stipulated b be paid on ~ch day, m}'thi'n8 in said promissory note or herein to the cootrs~rv not- ~ ..~thstand;ng. F s i ~ 7. To deliver to thr Association. o~ or before Narch 15eb, of eadi ~~r, tu rrceipts evidaicing tbe p~ytnec~t of all IaN•- ~ fuUy imposed taxes Eor the preceding raknclar veu; to deliver to the Associstion receipts evkienc~n~g the p~ymmt of all Uens ~ for public im b within nuietp (90) c3ay~ Jter tbe same shali becaoe due and payabk, ud to pay o~ discharge wit6~ ~ ninety (90) ~due dste, anY and alf govrrnmeotal levies tbat m~r be made oa the matgaged property, cx~ thi~ m«tRr~~ ~r note. or in any other way n sultin~ from thr mortgage indebtedness secured by thi: moct~rR~. ~ OR ~ t ~o~ 1?~ r?~ 2199 ~ ~ . ~ . . - . , ~ ~ ~ ~ f _ ~r~'~:~ ~ . _ _ , y e