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Home My WebLink About0930 i ! ; Z ~ ~ . at all timespeaceably and quietly to eatec upoq hold, oocupy si?d enjuY sa~d lund; that said land is free frorn aU encumbr~u~oes: thatthey will make such fuither assuru~oes to perfed the fee dmpb titb to said laad in the A.ssociation as may reasonably be required; and that tbey do bereby fiilly wanant tbe titb to s4id land and will def~d the sume against the lawfnl cluims of all peisons whomsoever. _ PROVIDED ALWAYS tl~at if the 1?iortgagors shall well and truly pay unto the Association. the indebtedness eviderioed by that certain prom~ssory note. of evea date h~witb+ ma~e bY the Mortgagors and payuble to the Association, in the principal SEVENTEEN THOUSAND AND NO/100---_-----_-----------_-_--~~~ ~=17, 000.00 sum of . . . - - - ~vhich note, together with interest thereoa as therein speciHed, is payable in monthl~? installments of . ONE_ HLTNDRED THIRTY IvINE AND 5?/ 100----.---------_--_-------------- ~ - - - - - - - ~ - ~ - - Doll~s ~s 139. 5?.--------- on the------ ----20th_.day of each moath comme:?cing with----- - OCtobeY' 2_0 _1969 ----„"hkh I~Y~~ are to be applied, fiist to interest, and the balance to principal, until said indebtedness is paid in fWl, and sball perfotm, ca~ply with and abide by each and every t6e sripulations, agreements, conditions and covenants of said promissory note and this modgaSe. Ai?d, including any advances made by the Association to the Mortgagors, ar their sua.~essors in titks, for any purpose. at any time befot'e the release and cancellation of this mortgage, but at no tia~e shall this mortgage secure advanoes oa account of said original note together ~vith such additional advances in a sum in exceu of_s~~~"~~.~~~~j~D_-~~~ - - - - - - - - - - - - _ _ . , plus an advances necessa NO_100---_ - 17 000 00 - -----------------------___--------------------------------.Dollars (i-----•-----s--- - ) Y rY to protect the sccurity and costs, then this deed and the estate hereby crr,ated shaU cease and be nnil and void. AND THE MORTCAGORS DO hereby a~venant and agree: 1. To pay a~l and singular the princi'pal and interest and other sums of money payable by virtue of said promissory note and this mortgage, or either, promptly on tbe days respectivelY the same severally come due. 2. To pay all and samgular the taxes, asse~ments, levies. liabilities, obligations and inctmnbrances of every nahu~e and 1dnc1 now on said described ~+ntperly, or that hereafter may be impoaed, s~ffered. placed, IeM1'ied. or a~ed th~on, or that hereafter may be levied or assessed upon this Mortgage, or tbe ~ndebtedness seciII~ed hereby, each and every, when due and payuble, uccording to 1aw, before they become delinquent, and before any interest attaches or any penalty is incurced; and inSOfar as :uiy thereof is of record the same sha11 be pmmpdY satisfied and clischarged of record and the original official document (such as, for instance, the tau receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Assnciation as ?4iortgagee within ten days neat after payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any time pay tne same or any part thereof without waiving or affecting any option, lien, equity or ri t under or by virtue of this !liortgage, and the full amount of each and every such payment shall be immediately due andga 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 secured by the lien of this Mortgage. 3. To kcep tht buildings and all equipment and petsonal property nowr or herea[ter on said premi~a oovered b~r this mortg'ige. insured in a sum equal to at least the amount of ehe mortgage. or an amount suffident w eomply ~vith any co-insuzance require- , ment oovering the same under the laws of che State of Florida, oovering loas Imm both fire and storm, making the laa under said _ poliries, each and every. payable w the Association, u mortgagee, u iu interest may appear. and said insurance shall be in a good and responsible insunnce rnmpany satisEaaory to uid Association, and written by a respoasibk local agent utis[actory to said Asso- f ciation; and the polic~r or policies_st~all bear a standard awrtgage clause wichout contribution, and. iE t6e origiaal prindpal amount ' of the mortgage is Fifty Tho~uand and no/100 Dolla;s (~50.000.00) or in accas thenoE, shall be held by the Assoriar.on, and, in f che event any sum of maney becoma payable under such policy or policies, th4 Association :6all have the option w receive and apply ~ che same on acoount of the ind~btedness hercby secured, ~or to permit the mongag~ors co reaivt and use i~ or any part thaeof, for ~ other purposes, without thereby waiving or impairing any equity. lien, or right'under and by virtue of thu morcgage, and may place and pay for such insurance. or any part thereof, without ~?aiving or alfecting its option to foredase, or any right hemunder. and the full amount of each and every such payment shall be immediately due and payable and ahall bear interest fmm the date chereof until paid at t6e nte stated in the noce secured hereby and together with wch iuterat s6a11 be secured by the lien of thit 1lfongage. ' ~ To ~ermit, commit, or suffer no waste, unpairment or deterioration of said property, or any part thereof, and upon the failuro of the mortgagors to keep the buildings on said property in goai condition of repair, the Association may demand the immediate repair of said b~ssldings or the immediate repayment of the debt hereby secured, and the failune of the mortgagors to rnmply with said demand of the Association for a perio~ of Thirty (30) days, shall constitute a breach of this mortga e, and, at the option of the Association, immediately mature the entire amount of principal and interest hereby secured, and Association, immediaiely and without notice, may instituta proceedin;s to foreclose ihis mortgage and apply for the appointment cf a Receiver, as hereinaker provided. " 5. This martgage oontract provides for addition~il advances which may ~be made at the option of the association ancl secured by this morigage, and it is agreed tLat in the event of such advances ihe amount may be added to the mortgage debt and shall increase the unpaid balance of the note hereby seau+ed by the amo~mt of such advance and shaA be a part o# sa~d note indebiedness under all the terms of said note and this c~ontract as fully as if a new such note and contract were executeci and delivered. M additional advanoe agreement may be given and accepted for such advance and pmvision may be made for clifferent monthly payments and a differerrt interest rate and other eacpress awdifications of tl~e oontract, but in aII other re.spect.s ihis contrad shall remain in full foroe and• effect as ta said imdebtedne.ss, including all advances, 6. If any of the sams of muney herein refezred to be not pmm~ptly and fully paid within Thirty (30) days neact after the same severally come due and payable, or if each and every the stipulations, agrcement, conditions, and covenants of said promissory note aixl thii deed, or eithex, are nd duly performed, oomplied with and abided by, ihe agg~regate sum mentiaaed in said promissory note and any other amount or amounts added to the mortgage indebtedness under the terms of this mortgage shall beeome due and pay~ble forthwith or thereaker at the option of tbe Association, as fuDy and completely as if said aggregate withstandin ~ was originally stipulated to be paid on such daY~ ~Y~S P'~'~O~Y note or herein to the oontrary not- & 7. To deliver to the Association, an or before March 15tb, of each year, ta~c receipts evidencing the perymeat of all law- fuUy imp~~ tazes for the prececling calendar year; to deliver to the Associatian receipts evidencmg the paymeot eE aI[ liens for pnb~ic im~ro b within ninety (90) days after the same shall t~ernme due and payable, and to pay or discharge within niaety (90) ad ysv ke~r dne date, any aad all governmeatnl levies that may be mad$ ~ the mortgaged pmperty, on this mortgage or note, or in any other way rc~sulting from the mortgage indebtedness secured by this mortgage. . aooK 180 ~ : 9~'8 . ~ ~v- ~ _ _ _ ~ ~ : = ~ ~ ~ _ ,