HomeMy WebLinkAbout1613 ' M
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at all timespeaoeaWy and qtdetly to eaber upoa, lald, occup~ nnd eajoy sa~d l+wd; thnt seM L~ud i~ free from ~11 ac~ctimbt'anoes;
that tbey wID a~los mdt fuetbar ~nuanaet ~o pac[~oot tbs ies dmple titk ~o said Lnd ia the As~octAtioa ai msy na~aabl~r be
requu~ed, and dat tl~ey do bereb,~r fully warrant tbs tide ~o s~id land and wIll defard the asme agatrat the I~wEeil clainu af
aU peno~u wbomsoever.
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PROVIDED ALWAYS t6at if the Matgsgas ~all wdl and tnily paY unto t~e Associatlon, tbe iadebtedness evidei~oed
by th?t oeraiu pcamiaocy boce, af ev~n cLea 6e~awitb, m~ds by c6e Mortg,~g~rs and payabk to cbc As~ocinc;aa, in the ~rEncirsa
3EVENTEEN_T80USAND RIGHT HUNDRED AND NO/100-- _~n ~i 17, 804.00
w~ noce, together with intet+est thereon as theretn s~ffjed. is I~aYable fn montlil~? insdeUmcnts o~_. ONE AUNDRED
FQRTY-EIGAT AND 90J100-------------------------------------------------------
- - - - _ ---~m~ 148. 90
on tLe__----1~:._.__day oE each uwnth rncamearing with____. Apr31 13, 19'l0 ~y~
___whk~ ts
are M ba ua~ ftrst t~u iaterest, and t6e balAnoe to principal, ~bl sa~d i~rdebt~ednps ia paid it? ft~lt, iind :ball peifaens, oo~ply
with and by each and everY the s~tipulatioos. a8re~tr. oonditio~ and wve~ants af said pe~nisaory? noee and tb~s
~~80. any advanoes made by the Assoclation to the Matgsgors, ar thefr suocaaso~rs fn titl~. far a~y pmpo~e,
at any time bef~one tbe rek~ and canctllat~ ~ this mortgage, buc at no time ~wll this mortgage sec~ue advanoes a~ sooo~nt
of said original aot~ee together with 3~ch additional advances ia a snm in ezoess cf~.~~_NTEE~j 1'HOUSAND
Ei~HT HUNDRED AND NO/100-------------_-~~ 17~8Q0~00 ~~p~s ,Qy a~~
to pmtect the sec+ufty and ~ts, tix~ tbis deeci and tbe estate hereby a+eated shaU cease aad be nnA and void.
AND THE MORTGAGOAS DO hereby wveaant and agr~ee:
1. To pay all and sing~lxr tbe and interest nud other sums of moneY PaY~~ bY vi~h~e af said pmmis9ory nobe
and thi~ maatgage, ot either, pomptly~days retpectlvaly the same se~va~Dy ca~ne due.
2. To pay a11 and singular the ca~ces„ ~ssessmeats, liabilities, obligatio~ns and incumbrances o£_every natnre and Idnd -
now on said desccibed propesty, or thst bereakec may be~x~l~~suff~e~+ed, placed, levied, ar assessed t6es~oon, or that tta+eafter
may be kvied ar assessed ~ t6is 1ltortgaga, or the ry oc.~ured hereby ~ch and every~ when due and payabk
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aocording to 1aw, hefore they beeome delinquent, aud beFa+e any inierest at~ oer any is roc~ured; and 'u~sofar as
any thereof is af reco~d the same shall be pc+omptly satisfied and discharged of reoord and orig~inai ~ficisl docvment (s~d,
ss, for nas~nce, ~e taz receipt or the satisfaction P4Per o~auY endased ar c«tified) s6all be placed ia the bantis af aaid
As~ociatioa as Mortgagee within tea days nact aftes payment; and in t~e event that any thereof is not paid, satia~'ied and dischaiged,
said Associati~ may at anY t3me gaY the same or any pazt thereof wljtbovt waiving ~s affecting any option, }ie~o, equ~y °r bie
under ar by virtue of this Martgage, and tLe fiill amwunt of each uid every such payment shall be bnmaliateiy due andp~
ya
. and shall bear intere,st f~m thc date tl~ereof uatil paid at tbe rate stated ia the rwte secured hereby and together with such inter-
est shaD be secvred by tbe Iien af this Mortgage. - "
3. To keep the bw'ldings and aU equipment and Peaocut Property aof? or brreaicet oa said pnmi~a oov~ei~ed by thi~ mortgagr,
insured in a sum equal to at lu~t tbe ~nc oE che mongag~e. or an amount ~icient w oompl~r with a~r oo-in~urawoe require.
menc mverin,g the same unda t6e larn of che Scacc oE Floricla. oovrriag laa froaan both fire and swtm. n~akiua che lo~ under sa~d
policia. eac6 and tve~r, papabk to the A~wciation. as mortga~e~e~ as ia inerrae mar appear. snd uid insruranoe ~ali be in a good
and rapassible insnranoe ao~mpany s~t'sfaccory to uid Awociatioo. aad ~vriccen by a nspp~ibie loal a~ent iati~Eactoep w iaid A~w-.
ciatioa: aad the poliry or policia,~6a11 bar a standaid mortgsge clause w+itboat o~attibutioa, u?~i, if tt?e o~gipal P~rinaPal amonnt
of the mortgage is Fift~r 'I7wusand and no/100 Dollais (j.i'
0.000.0~ or ia acce~t thaeof. thall be held b~ the A~ociation, and. in
che event an~r sum oE mu~e~ beooara payable undtr wch polic~ or polic~ia, ~Le Asowtioa shaU La~ ttm aption to reoeiv~e and aPP~I'
the same on aooounc ~ che iadebeedne~ ha~eby socursd. or w pamic che morrgagrxs Zo raoe,2ve and we it, ar aa~ part theinof. tor
other purposes; ~iith~rttc~ntb~wifvh~g`ar~Pair~t~~nT«luic~ti~-
laoe and for wch insuranoe. or aa thereot. ~rithont ~vai~i an~-ma~
P Wy y W?*~ ng or affectiog it: optioa w foredoie, or my rigjtt heieunder.
and the full amouat of euL and eve~r s~uh pa~ent shall be immediately due and payabk and ~6alt bear interest [no~ the dtte
chenof until paid at the ntt auted in the nae ~oau~ed henby aad together ~rith sach intmst sball be iecurod b~? tbe liea oE thi~
Mortg~gG ~ .
4. Topenm
t, oommit, a~ s~Efer no waate, impairmeat ar detuioration of said p~vperty, a any pwrt thereof, aod u
the fatlu~ of rhe mortgagors to .keep tbe buildings on said ps~operty in good oondition of repair, the Ass~stion m~y denoand t~he
~ mediate ~ sajd bu~dings ar tl~e immediate repay,meat of tl~e debt soe~ued, s~nd d~e fa~~u+e of the martg,a6as
'tute a b~each of this
and, :t option ~ the Aasociatton, immediately matu~ the~ entire amoemt of p~aeip~l uid interest
Asso~ciation, immedist~ely and without notioe, may inatitute prooeedings to forecbae this mo~tgage and ap~ply oc the appoionta~ent
ta ea
of a Receiver, as her~nafter govidecl,
5. T6is matg,sge oontract p~ovides for additicx~al advanoes whicb may be made at tLe optioo of the as~ocistion aad
~ b'Y ~~BQ, and ft is ag~+eed that in the eveoR of such advanees the amo~mt m~y be added to the mortgagp debt
and shall ~crea~e ths unpaid balAnoe of the note Lrreby sec~u+ed by tbe smo~mt of wc~ :dvaac~e aad aL~ be a p~t af said
note nNiebt~edness under all tbe tenms oE said note and tbis ooutrad as fugy as if a new sn~ch nwe and oautract were ~ted
and delivered. An additiooal advance a~nt may be given and a~oept~ed for wch advanoe and provisio~a may be made for
ciifferent monthlY PaYm~ts and a diffetent fnte~+eat rate and oth~ modifications oE the oontr~ct, b~ b~ atl otber reapects
ihis contract thaII remaiu in furi Eorce and e[fect as to said indebte~, jnclud3ng a1! advanoes. ,
8. If any of the sn~ns of ~~one~? h~a~ ref~rea b~ ue not P~t~? p~ ~t~, Th~t~? f so) a.ys ,~c afcK
~ ~ ~ny ~ a~ ~a ~r~. ~ ~ ~ ~a ~ tioos, a$~eemen; coodi~on~ and coveoaab of said
in
~d~pro~nissory note~an~any other amo~mt ar ~ ta~tbe~~ wit~ and~iryt~r ~~e ~m~~tioned
aiwII beoome due aud pnyable fo~thwith a~ thc~fter a~ the aptio~ nf the
A~srociag
tioq as fuUy aud oomple~y ~s if s~ ag~te
~~~Y ~~~Y ~t~ P~ oa sueh day, an~?tl~ing it? said pramissoey note or }~r.in to the eontraey rat-
&
7. To rleliver to the Assaeistioo, oa or bafore Marc~ 15th, o~ e~eb yrar, reoeipts evjda~dn8 ~iei P~Y~t of sli 1aw-
ft'il~' sed t~ P~8 ~yeu . to deliver m tt~ Assod~tioa ra;eipts the paymeot af aD li~ns
for improvemmts~ ninety (90) days after tbe saa~e slnII beoome due ud pa~ bo p~y a dfsc~ge ari~in
n~Y d~Ys te, a~' a~d a11 ~ov~ann~l bvks tLat ma
y be made an tbe m
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r way ies~iltir,g fmm the mortgage L~debtednas aecured by t}?is mortgage.
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