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Home My WebLink About1665 ~ - ! . ~ • ~ at all timespeaceably and quietly to entez upon, hold, occupy and cnjoy ssud lu~d; that said land is frce from all encumbranoes; ~ that~? wI~ make such futther ass~uanoet tu pafea tbe fee simple tIt1e to said land in the AasociaHon as may r~usonably bc ~ req ' ; and thst thry do hereby fully watrant tbe titb ~o said Zand aud will defend the snme against the luwful claims af all peisons whomsoever. PROVIDED ALWAYS thut if the I~iortgagors shall well and tnily pay unto the Assoriation, the indebtedness evidenced by that certain pmmissoay note, of' evea cLte herewitb, mads by tl~ Mortgagots rind pawable to the AssociatioA, in the principa) ~ Sun, of FOURTEEN. THOU~S.AND.-FN~--~iII~?RFD AND._N~j1QD--.---.-_.. ~ott~?rs I4, 500..00 i, which note, together with interest thereon as therein sPecified, is payrable in monthty installments of ~NE HYTNDRED NINE AND 53/100---------------------------------------------------------~------ _ _ Doilars (=._109 53 - ~ - - - - on the_.___17th- ------day of each month rommencing ~vith.---NovembeY` 17~_1969 ~y~~ - :uue to be applied, firat to interest, and the b~lance to piindpal, until sa~d iadebtedness is p~i3 in full, and slwill pe:form, oomply writh and abide by each aad every the stipulations. agreements, conditions and aoveaants of said pmmis~y n~e and thu mortgage, And, induding any acivances made by the Associaaon ro the Mo~tgagors. or cheir suc~es.9ors in arks, for any pe~rpoae, at any time before the mkase and caneellation of ihfs mortgage, but at no time shall this mortgage secure advances aa account of said origiaal note togethe~ with such additional advances in a sum in ezcess oE. FOUR1'EEN Z'HOIISAND FIVE HUNI)RED AND NO/100--------------------__ _.nollurs (s---.14, 500..00.), Pius anv advances necessary - - to pmtect the security and costs, then tbis deed and the estate hereby created shall cease and be null and void. AND THE I?iORTCAGORS DO hereby cvvenant and agree: I. To p~y a11 aad singular the grince'pal and iate~e,sc und~ other swns of money payabM by viitue of said promissory note .~ncl ihis mortgage, or eitber, promptly ~ tbe days respectively the same seveially come due. 2. To pay all and singular the taues, as~nents, levies, liabilities, obligations and incum6rauces of every nature and ldnd no~:? on said desaribed property, or that hereafter may be imposed, svffen~d, Placed, levied, or a~ssed thereon, or that hereafter may be levied or ass~sed upon this Mortgage, or the indebtedi?ess secured hereby, cach and e~ery, when due aad paya ble, >~ecording to law, beFore they become detinquent, and befor~e any i.~terest attad~es or anype nalty is nx~ured; and iTUOfaz us - any theraof is of record the same shall be pmmptlp satisfied and di4charged of reoord and the original official document (such as, for instanee, the ta~c receipt or the satisfaction paper officially endorsed or ceitified) shall be placed in the hands of said Association as ~iortgagee within ten days neat after payment; and in the event that any thereof is not paid, satisfied and discharged, said Assceiation may nt any time pay the same or aay part ihereof ~vithont waiving or affecting any option, lien, equity or ri~t under ~ by virtue of this ~iortgage, and the full amount of each and every such payment shall be immediately due andpa ya le and shall bear interest from the date thereof imtil paid at the rate stated ia the note secured hereby and tcgether with such inter- est shall be secured by the liea of ihis Mortgage. 3. To kcep the buildings and all equipment and penonal property now or hertaftrr on said premisa oovered by this mortgage, insured in a sum equal to at leasc the amount oi the mortgagr. or an amount aaEEicient to oomply writh anr oo.insurance require- ment rovering the same under the laws of the Stau of Flarida, oovering loss irom 6oth fire and stornu, making the lo~ undet said policies, each and every. payable to the Association. as mortgagee. as iu interest may appear, and said inwnnce shall be in a good and tespomiWe insunnce compaay satisEaaory to said Associatipn, and writ~eq bp a raponsibk local agent utis[acto~r w said Asso- ciacion: and ehe poliry or policia shall bear a standard mortgage clause without oontribution, and, it the original principal aawunt of the mortgage is Fiier Thouund and no/ 100 Dollus (ifi0.000.00) or in acc~ chereof. ~all be held by the Association. and, in ehe event any sum oE m~ney •becoma parabk under wch policy or poGaes, the Aswciation slull have the oprion w receive aAd apply the same on aooouac of the indebtedness hercby secured, or W perm~t the mongagots to reoeive and ux it, or any part ther~eof~ for other purposes, without thereby waiving or impairing any equitr; lien, ot right undtr and bp vittue oE this mortgage, and ma' place and pay Eor such insurance. or any part thereof. ~rithout waiving or attecting its option to [onclose, or anr right heteunder. and the tull amount of each and every such payment shall be immediately due and pa~abk and shall bezr interest from the date thereoE until paid at the rate staud in the note secured hereby and eogether with such interat shall be secursd by the lien ot thi: 14fortgage. 4. To permit, commit, or suffer no waste, irnpairment or deterioration of said property, or any part ihereof, and upcm the failuro of the mortgagors to keep ihe buildings on said praperty in good condition of repair, the Association may demand the immediate repair of said buildings or the immediate n~paynr,ent of the debt hereby secured, ancl tbe failure oE the mortgagors to c~mplv with said demand of the A.~.wciation for a period of Thidy (30) days, shalt constitute a breach of this modgage, and, at t}?c option of the Association, immediatety mature the entire amount of principal and inter~st hereby secured, and the Association, immediately and without notice, may institute proceedin;s to foreclose this mortgage and applv for the appointment of a Receiver, as hereinaker provided, 5. Tlris mortgage contract provides for additional advances which may be made at the option of thR associatian and secured by this mortgage, and it is ag~eeci that in the event of such advance~s the aa~ount may be added to the mortgage debt and shall increase the impa.id balance of the note hereby secured by the amount of s~ch advanee and shalt be a part of said note indebtedness under a!1 the terms of said note and this o~tract as ful~y as if a new such note and oontract v?ere executed and delivered. An additional advance agrecment may be given and socepted for suc6 advance and provisian may be made for different awnthly payments and a different interest rate and other uwdifications of the contract, bnt in all other respects ihis contract shaIl remain in fuI[ force and effeet as to said indebt~ including all advanoes. 8. If any of the soms of maiey herein referred to be aot P~P~Y and fully p~id within Thirty (30) days nezt after the same severalty come due and payable, or if each and every the stipulations, agreement, coieditions, and covenantr of said promissory note aad ihis deed, or either, are not d~lY Pe~formed, complied with and abided by, ihe aggregate sam mentia~ed in said promissay note and any other amount o= a,nounts added to the mortgage indebtedness under tbe tenns of this mortgage shall beoome due and payable forthwith or th~aker at the option of the Aasociation, as fulfy and oomptetely as if said aggregate sum of money was originally atipulated b be paid a~ such daY~ ~Y~B note on c~rein m the ooatraiy not- .viilastanding. , 7. To deliver t~o the Association, on or before March 25th, of each year, tax receipts evide~ucing the peyment of all 1aw- fully impoaed tazes for the prececling calendar year; to deliver to the Association receipb ~cvidencing tLe payment of aD liens for public un vements within ninety (90) days aker the same shall beoo~ne d~e and payable, and ta pay or discharge within 00 niaety (90) ys aker due date, any aad a[f govemmeatal kvIes that may be made ai the martgaged prqpe~ty, on this mortgage or note, a icm any other way msulting from the mortgage indebtedness secured by this mortgege. ~ ~ ~oac18U x : , ; - ~ ~ ~~s.~~r~~`~,,~~ w,,. . ~ ~ ,•r