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Home My WebLink About0312 ~ i . ~ ~ at all timcspeaceebly aad quietly to e~nter upon, hotd~ occupy and e~joy said land; that safd land is free from all encumbrances; ! that they will malce sucL f~uther assur4r~ to perfect tbe fee dmple tids to said land ia the As.soc;ation as may reasoi~ably bc ; required; and that they do herEby ~ulY~r wanant tba titb to said land and will defend the same against tha lawful clainu of ~ all peno~u whomsoever. ? PROVIDED AL~VAYS thut if the rlortgagon shall weU and truly pay unto the Association, the indebted~ess evidenoed by that certain promiuory note, of even date herewith, made by the Mortgagors and payable to the Associ~tion, in the princi~~al sum of __TWENTY-FNE_ THOUSANp__k'~~_FIjJ~TDRED.AI~I?.NU/.100---.~ollars (s- 2`~, 500..00 which note, together with interest therc~n as thercin specified, is payabfe in monthly instal)ments of __TWO HUNDREI~ . . + SEVENTEEN AND 29/100--------------------------------------- , . - . _ . - - _ . . _ . - - . . . . ~ ~ - - - . - - _ . - _ _ _ . . _ - - - - - - - - - - . - . - - _ . - _ . . - Dollats (s _ 2~.7..29 ; on the._--20th- ----._duy of each month commencing ~vith. N~2~TCh_20 ~970-------------------------•-----_------which payments are to be :ipplied, first to interest, and the balance to principal, until said indebtedness is paid in full, and shall perEorm, oomply ~.~th uad abide by each and every the 'pulations, agreements~ conditions and rnvenants of saici pmmiaory note and thu mortgage, Md, including any advances made by the Association to the Mortgagors. or their successors in tidc, for any purpose, at any time before the release and cancellation of this mortgage. but At no time shall this mortgage secure advances on aceount of s:ud original note together with such additional advances in a sum in excess oE_ TVYEI~ITY~F~~ T~QIl.~~.__._ ~ FIVE HUNDRED AND_ NOLlUO-~-------------.-.flolla~s (a---25.~_~9Q~04--), plus any advances necesslry i to protect the seciuity and costs, tben this deed and the estate hereby created shall cease and be null and void. ` AND THE AlOR1'GAGOAS DC '-_-°reby ctivenant and agree: I. To pary atl and singular the prine~'pal and interest and other sums of money prayabie by virtue of said promisoory note :~nd this moitgage. or either, promptly on the days mspeciivel,y the same severally mme due. 2. To pay all ana suigular ihe ta:es, asstxsments, levies, liabilities, obligations and incumbrances of every natwre and ]dnd now on said described property, or that hereafter may be impose~, suffered, placed, levied, or assessed thereon, or that hereafter may be levied or assessed upon this Diortgage, or the indebiedaess secured hereby, cach and every, when due and payable, according to law~ before they become detinquent, and before any interest attaches or any penalty is incurred; and incofar :u i any thereof it of reeord the same shall be promptly satisfied and discharged of r~eord and the original official document (such as, for instance, the tax reeeipt or the satisfaction paper of6cially endorsed or certified) shall be placed in the hands of said ; Association as ~tortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any time pay the same or any gart thereof without waiving or affecting any option, Iien, equity or right ~ ~mder or by virtue of this ~iortgage, and the full amount of each and every such payment shall be immediately due andpa yable ~ and ~a_the_date_thereoE i~n ~1 patid a the rate stated in the note secured herebv and together with such inter- 1 est shall be secured by the lien of this Mortgage. _ . - ~ 3. To keep the buildings and all equipment and personal property now or hematcer on said premixs mvend by thia mortgage, ` insured in a sum equal to at least the amount of the mortgagr, or an amount sufficient w rnmplr with anp co-insurance requin• ment covering the same under the laws of the State of Fbrida. tovering loss [mm both fite and storm. making the lc;ss under said ; policiea, each and every, payable to the Association, as mortgagee, u its incerest mar appear, and said insurance shall be in a good and responsiWe insunnce company satis[aaory to said Associacion, and written by a responsibk local ag~ent satis[accory to said Asso- ciation: and the policy or policia st~all bear a star~dard mortgagr clause without rnntribution, and, iE the original principal amount of the mortgage is Fifty Thousand and no/100 Dollan (;50,000.00} or in eucess thereof. s6a11 be hdd by the Association, aad, in the event any sum of maney becoma pa~*able under such policr or policies, ehe Associacion shall have tht opcion to receive and appty the same on acmunt oE the indebtedness hereby secured, or to permit the mortgagars to receive and use it. or anr part thenoi, for other purpoaes, without thereby waiving or impairing any equity, lien, or right under and by vinue of this mortgagt, and may place and pay for snch insunnce, or any pan ehereof, without waiving or aEfecting its option to foreclose. or any right hereunder. and the fuA amount of each and every such paymenc shaU be immediately due and payabte and shalt beat interese irom the date ehereoE until paid ae the nce sta[ed in ehe noce secured hereby and together with such interat shall be secured br the lien of this biortgage. ~ r To permit, commit, or suffer no waste, impairment or deterioration of said property, or :uiy part thereof, and upon j the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the ~ immediate repair of said bu;ldings or the immediate repayment of the debt hereby secured, and the failure of the modgagors j to rnmplv ~vith said demand of the Association for a period of Thirty (30) days, shall rnnstitute a breach of this modgage. ~ and, at the option of the A.uociation, unmediately mature the entire amoant of principal and interest hereby secured, and the ~ Association, immediately and without notiee, may institute proceedin;s to foreclose this mortgage and applv for the appom~nent of a Receiver, as bereinafter pmvided. 5. This mortgage contraM provides for additional advances which may be made at ihe option of tlie association and secc~red by this mortgage, and it is agreed that in the ev~t of such advances the amount may be added to ihe mortgage debt and shall increase the unpaid balance of the note hereby secured~_ the amount of ~~~h adx~~d ~h~li a • note in e te ness un er a~ft~ie~f--"errris of said-note an~t~b'~is-ca~tiact as fvlly as if a new suelt note snd contract a•ere execnted and delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for clifferent monthlv paymentt and a difEerent interest rate and other express modifications of the contract, but in all other respects ihis contract shall remain in futl force and effect as to said indebtedness, including sIl advanc~es, ~ 8. If any of the sums of money herein referred to be aot promptly and fully paid within Thirty (30) days next after the same severaIIy come due and payable, or if each and every the stipulations, agreement, conditions, and covenants of said promissory note and this deed, or either, are not duly performed, rnmplied with and abided by, the aggregate sum mentioaed in said promissory note and any other amount or amounts added to the mortgage indebtedness under the terms of this awrtgage ~ shall beoome due and pavable forthwith or thcreafter at the option of tioe Association, as fully and completely as if said aggregate • sum of money was originally stipulated ta be paid on such day, aoything ire said promissory note or herein to the contrary not- ! withstanding. ~ ~ ' 7. To delivet to the Association, on or before March 15th, of each year, tax receipts evideacing the payment of aA law~- ~ fully imposed tases for the prececling calendar year; to deliver to the Association receipts evideflcing ihe payment of all liens ! for pub~ic ~?provements within ninety (90) days after tbe same shal( i,ecornc due and payable, and to pay or discharge within t ninety (9p) davs after due date, any and ail governmental kvies that may be made on t~e mortgaged property, nn this mortgage or note, or in any other way resulting from the mortgage indebtedness secured by this mortgage. . ~ooK~83 312 ~ ~ ~ , ~ . . - - - - ~ - ~ : ~ ~ ~ v3 ~s . . ~ .F