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Home My WebLink About2479 iJ i at aD timespe~~ bly and qutetiy to eatec upon, hold,~p y and cnjoy said lund; that said ~and is free from all encumbranoes~ i that they vvilt make such furthe~ asnunnoes bo pecfed tLe fas dmpb titb to said hnd ia t6e Associatioa as may reaaonabiy be requtred, and thst they do beceby f~11y wamant tbe titk tio :aid land and w~11 defeAd the sa~t~e against the Iawful cluims of aU persoos wlwmsoevet. , PROVIDED ALWAYS that if the Mc. _~gagars shall well and huly pay uato the Associatiaa, the indebtedness evide~ved by that certaia ~o~nisso~y note, of evea date~Lerewitb, aqule by t6e Mortgagors and p~vabk to t}u Association, in thc principal sun, of _TWENTY-TWQ_'~~.Qj1~~I~_!~~?.~I4~1QQ--_-.---.-------_-.---- ..Dollars (i ?2..OOQ..OQ which noLe, toget6er with iaterest th~eon as therein s~ecIKed. ~s PaYable in montlily installments of. ~I7~t4I ~8t .~I1~.th~ amaunt of ~146.82 due December_3~_1969,.__~142.08_due Januaxy_3, 2970, and.then - - - - , ONE HUNDRED_EIGHTY AND 611100------------------------------------------=-- - . - • ~ - , ~ ----------..nov~ (i. ~.80._~1------ on tha.------- 3~ _------day of each moath commencing with.----~4~~'~,1Ell',X~.~.~Q________________.--------which P4Ymeats are to be upplied, $rst to interest, and the baiance to princdpal, un41 said indebtedaess ia patd ia fuD, and shall perfcxm, comply with and abide by each and every the sHp~ilatioAS, agrce~ntr, oaxlitia?s and oovenants of said pr~L~ory note aad this ~~sa ~~g ,~y aa~,~ ~ae by the Auaci~tion to the Ma~tgagors, or t}~eir auocessors in titler, for any purpose, at any time befa+e the reles~e a~ cancellation of th~iss mortgage, but at no time shall this mortgage secure advances on account of said original note Mgether with such additionat advances ia a svm in ezcess of_~~~'_ ~ T D__ AND NO 100- -------~---------------------~pop~ 22 000..00_ - -------_______._L~.-----y___.___-----------------,_____~______.-------- (i---------~---- - - ~y aa~?a,,,~ A~ry to pcotect the security and costs, then thi~ deed and the estate hereby created shai! ceasc and be nnlt and v~oid. AND THE MORTGAGORS DO hereby cvvenant and agree: To pay all and smgular the princa'pal and interest and other sums of moneY P~Yable by virlue of raid promicsory note and this moitgage, or either, P~mP~Y ari tbe daYs respecbvelY the same seve~ally oome due. 2. To pay al) arxi singular the m~ces, a~mentry levies, lia~ilities, obligatiaiu and incumbrances of every nature and 1Qnd now on said desaibed p~pecty, or that hereafter may be im~ suff~ plaaed, levied, or a~d thereoo, or that hereaker may be levied ar asses~d upon this Matgage, o~ the ind edness ured hei+eeby, each and every, when dne and payable, accocd'u~g to 1aw, before they beoom~ delinquent, and before aay intem.tt attaches or any n inc~ured; and insofar as any therEOf is of s~cord the same shall be promptly satisfied and discharged of reoord and t~gjmal offcial docvznent (such as, for instance, tbe ta~c receipt or the satisfaction PaI~ ~~Y endorsed or certified) shall be placed in the hands of aaid Aasociatian as Mortgagee within ten days next after p~?yment; and in the event that any thcmeof is uot paid, satisfieci und discharged, said Associstion may at any time pay the same or any part thereof without waiving os affecting any option, liea, equity or rig~ t under or by virtue of this ~liortgage, and the fnII amount of each and every such p~yment shall be immediately due andpa yable and shall bear interest from tbe date thereof until paid at the race stated 'm the note serun~ci hereby and together with such inter- est s6aD be secured by the lien of this Mortgage, . 3. To keep the buildings and aU cquipment and pezwnal propcrty now or hereaEter on said premi~a oovaed b~ this mortgage, inaured in a sum equal to at least [ht amount of che mortgagc, or an amount wffecient to aomply ~rit6 any oo-insurancs mquise~. meat o~rering the aame undrr the la~rs of the State of F7orida. oovering loas from both fire and storm. makiug thc lop under said policies, each md every. payable to the Association. as mongagee. as its interat may appear, and said imurance sLall be in a g,oai and respon:ible insurana rnmpany satisiaaory to said Association, and written bp a respon:ibk bd agent utishctory to uid As~o- ciation; and the poliry or policia shall bear a scandard a~rtgage clause without contribution, aad. if the original prinupal anwunt oE t6e mongage is Fitty Thousand and no/ 100 DoUan (~50,000.00) or in accas ther~of. shali be held by the A~ociition. and. in the event any sum of m~ney becoma pa~rable under wch poliry or policia, the A~o~ation shali ~ave the option to neoeive aad apply the same on acoount oi the indebtednas hereby secnred, ~ 4o permit the,mongagois to reoeire and ute it, or wy put thaeof, for other purPoses, without thaeb~r waiving or impairing any equit~, lien, or tig6t under and b~ virtue of this anortgage, and ma~ . place and par far wch insuranZe. or an' pan thereof. wittwut waiving'or afEecting itt apt~t? to forecbae. or any right hereunder. and the Eull amount of each and every such payment shalt be immediatdJr due and pa)rabk and shall bear inter~at ftnm the dato thereoE untit paid at the nce aueod in the iioce secund h~nby and together writh uuh intenat ~all be securcd by the lien oE th» Mortgage. - ' 4. Topernu t, oommit, or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon the failure of tlie mortgagors to keep the buildings an said prnperty in good candition of rep~ir, the Association may demand. the immediate repair of said bwldings ~ the immediate repayment of the debt hereby soc~re~, and the faiku+e of the mo~gagors to oompl with s~sid demand of the Association for a period of Thiity (30) days, shall coastitute a breach of lhis mort e, ~ ty and, at option of the Association~ immediately mature the entire amount of p~incip~l and interest hereby secured, an A~cocia6ion, immediately and without nobce, may institute prooeedings to foreclose this modgage and applv for the appointrnent of a Receiver, as hereinafter provided, 5. T~ris martgage c~ontracK pm~vides for additi~ul advances which may be made at the option of the association and sec~red by thLs mortgage, and it is agzeed that in the eveat of such advsnces the amount roay be added to the mortgage debt and shall increase the unpaid batance of the no~a Leneby secured by the amoun! of such advance and shall be a part of said note indebtedness under all tbe terms of said note and this oontract as fWly as if a new such note and oontract were executed and delivered. M additiooal advance agreement may be given and accepted for such advance and pruvision may be made for different montlily payuients and a differe»t inte~+est rate and other nnodificationa of tlie oontract, b~ in all other respects this contrad shall remaiu in fun foroe and effect as to said aidebt~ ~cluding a11 advances, ' . - 8. Tf any of the sums of mone,y b~rein referred to be not promP~Y ~~Y P~ T~Y (30) days next aker t2~e same severally rnrne dae and payable, or if each and every the stipulations, agreEment, conditions, and oovenanb of said promiaory note and this deed, or eithez, are not duly p~vned~ ooroplied witb and abided by, the agg~+egate sum meatianed in said promisso~? note and any ot~her amount or amonnb added to tbe mottgage indebtedness under tl~e tesms of this martg,age shall become due and payable forthwith ai the~eafter at the option of the Associatioa, as fully and completely as if said aggregate sum~money wa~ miginally stijwlated to be paid an sucb daY= anythin8 in said pro~issory note or herein -tn the contrary not- & 7. To deliver to tbe As.iociati~, on or befora March 15t6, of eac6 year, tax receipb evideacing the p4yment of all law- fully imposed taaces for the preceding calendar Year; to deliver to tbe Associ~ttian reoeipb evidencing the paymeat oE all lieas for public imp~ovements within nindy (90) days after tbe ~me shaII i+ooome due aad payable, and to pay or dischatge within ninety (90) daps after dae date, any a~d all goverameat~l levies that may be made on the mortgaged proptrty, on this mortgage or note, ~ in any other way resulting from the mortgage indebtedness secured by this mortgage.. ~~~.80 ~~41~ ~ - - - - - - ~