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Home My WebLink About0835 at all timespeaoeobly and quietly to eater upoq hold, occu y and cnjoy suid k?nd; that said land 'u fre~e from all encumbranoes; n that~r wiD make six:b futthar assuranoes to parfett the simple titk to said laad in the Associatiw? as may reasanably bc req ; and that they do hereby fWl~y w+~rrant the titb tio aaid land and will defend the sume against the la~vful claims of all petsons whomsoever. PROYIDED ALWAYS thut if the I?! gagors stwll weU and truly pay unto the Association, the indebtedness evidenced by that ceriain promissoiy note, of evea date~herawid~. mads by thc I?iortgagors and pavable to the Association, in the principal st~ ~---TEN Z'HOUSAND AND NO/100----------------------------~ ~s 10, 000.00 - - ~ 11. rs .vhich note, together with int~erest thereon as therein sPecified, is ~zryable in manthly instaliments oE NINETY-EIGHT ; AND 48I~100------------1------------------------------------------------- ' _ ~ . - . _ . _ _ - . . - - _ _ . ; ~ - voU3rs . 98. 48. _ _ ; . _ February 14, 1970 . ; on ihe. ---X~- ------day of each ma?th commencu?g ~vith-- - - - - - - -----------M?hich payments ; .u+e to be applied, first M interest, and the balance to princYpal, until said indebtedness is paid in full, and shall perform, oomply ' ..•ith and abide by each and every the stipulations, agreements, couditions and covenants of said Promicsory note and this mudgag~ And, including any advances made by tlie Association to the Mo~tgagors, or their succ~sors in tidc, for any purpose, at any tia~e before ihe release and canceliation of this mortgage, but at no time shall this mortgage secure advanccc on account ~ of said original note together ~vith cuch additional advances in a sum in excess of__TEN THOUSAND_AND NOJ100 ? . Dollars (a.-10~-~--~'-0------). plus anv advanees necessary - - - - to protect ihe sc~uity and costs, then this deed and the estate hereby created shal) cease and be null and void. AND THE rtORTCAGORS DO hereby cvvenant and agree: 1. To pay all and singular the pru~cipa1 and interest and other sums of money prayable by virtue of said promissory note and this mortgage, or either. promptly on the days respectiv~ely the same severaUy rnme due. 2. To pay all and singular the ~taxes, a~ments, le.wies> liabilities, obligations and inc~unbrances of every nature and ]dnd now on said described property, or that here~after may be im , svffered, plaeed, levied, os assessed thereon, or that hereafter ~ may be levied or ass~u.•d upon this Mortgage, or ihe inde tedness serured hereby, cach and every, when due and Irayabk, , :?ccording to Iaw, before they become delinquent~ and before any interest attaches or any penalty is incurred; and insofaz as ' any there~f is of record the same s]iall be promptly satisfied and discharged of reoord and the original official document (such ; as, for instance, the taa receipt or the satisfaction paper officially enclorsed or ceztified) shall be placed in the hands of said a Association as 3lodgagee within ten days neat after payment; and in the event that any thex+eof is not paid, satisfied and discharged, said Association may at any time pay the same or any part thereof ~vithout waiviag or affecting any option, lien, equitv or right i?nder or by virtue of this !liortgage, and the full amount of each and every such payment shall be immediately due andpa yable and shall bear interest froin the date thereof until paid at the rate stated in ihe note serured hereb~• and together with such inter- est shail be seceired by the lien of this' Mortgage. 3. To kcep the buildinga and all equipment and penonal property now or herea[ter on said gremisa oovered by tlw mortgage, insured in a sum equal to at least the aaaunt of the mortgagq or an amount sufficient to mmply with any co-insunnce require- ment ooveriag the same under the la~vs of the State of Florida, rnveting loas tmm both fire and storm, making the lass under said policies, each and tvery. payable to the Association, u mortgagee. as its interest may appear, and said insurance shall be in a good and raponsible iraurance company satisfaaory co said Association, and written by a respw?sible local agent satisEactory to said Asso- ciation; and the policy or palicies shall bear a standard mortgage dause without mntribution. and, if the original principal amount of che uwrtgage is Fifty Thousand and no/100 Dollars (~i0.000.00) or i~1 excess eheitoE. shall be held by the Association, and, in che event any sum oE money becomes payable undet such policy or polides, the Assoqation shall have the option to receive and applr the ume on actount of the indebtedness hereby secured, or to permit the mortgagon to reoeive and use it,.or any part thereof. for other purposes, without thereby waiving or impairing any equity, lien, or tight under and by virtue oE this mortgage. wd may place and pay [or such insurance. or any pan thereof, without wai~~ing or ai[ecting its option to ioreclose. or any right hertunder, and the tull amount oi each and every such payment shall be immediately due and payabk and shall bear inurest from the date thereof until paid at the rate stated in the note secure-~ hereby and together w+ith such interest shall be secured by the lien of this iiortgage. 4. To permit, commit, or suffer no waste, impaiiment or deterioration of said property, or any part thereof, and upon the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the 4ssociation may demand the immediate repair of said buildings or t6e immediate :epayment of the debt hereby secured, and the Eailure of the modgagors to comply ~vith said demand oE the Association for a period of Thirty (30) days, shall constitate a breach of this modgage~ and, at thc option of the Association, immediately mature the entire amount of principal and interest 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 hereinafter providecl. 5. T't??is mortgage contract grovides for additional advances which may be made at the option of the association and secured by this mortgage, and it i4 agrecd that in the event of such advances the amount may be added to the mortgage debt and shall intrease the un~raid balance of the note hereby sec~sed by ihe amotmt of such advance and shali be a part of said note indebtedness under aIl the terms of raid note and this contract as fally as if a new such note and contract w•ere executed and delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for ~iifferent monthiv payments and a different interest rate and othereacpre~ modifications of the contract, but in all other respects ihis contraet shall remain in full fone~ and effect as to said indebtedness, including all advances. 8. If any of the svms of money herein refeaed to be not pmmptly and fully paid within Thirty (30) days next after the same severally rnme due ~nd payabk, or if each and every the stipulations, ao eement, conditions, and covenants of said promissory note and this deed, or eithez, are not duly performed, complied with and abided by, the aggnegate sum mentioned in said promissory note and any other amoant or auwunts added to the modgage indebtedness wider tbe teans of this mortgage shatl become due and payable forthwith or thereafter at the option of the Association, as fuDy and completely as if said aggregate sum of money was originally stipulated to be paid a~ such day, anything in said promissory note or herein to the c~trary not- withstanding. - To deliver to the Association, on or before Aiarch 15th, of each year, tax receipts evidencing the payment of aQ Iaw•- fully im~ taxes for the prc~ceding calendar yeu; to deliver to the A.aociation receipts evideacing the payment of all liens for pub ' unprovements within ninety (90) days aker the same shaIl hccome due and payabk, and to pay or discharge within ninety (90) davs after due date, any aod all governmental levies tl~at may be made on the awrtgaged property, on this mortgage or note, or in any other way reseilting from the mortgage indebtedness secured by this mortgage. ${~(~I(~~~ ~ ~~'tJV _ _ . ~ _ _ ^ _ . - - - - - . _ • ~ , _ v _~v ~n~-^~,~'~ ~}g f _ . . ~ ~ . ~_~`-•s~~