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Home My WebLink About0807 at all timespe~ceably and quietly to eater upan, hold, ocrupy und cnjoy said l.ind; that said land 'u fre~e from all encumbrances; that tAey will make such further assurances to Perfeet ~ fee simple tide to said land in the Association as may ce:uonably be required; and that ihey do hereby fully warrant the tida to said land and will defend the sume against the la~~~fu) claims of all perso~u whomsoever. PROVIDED AL~YAYS that if the 1~lortg3gon shall ~vell nnd tnJy pay unto the Aswciation, the indebtednesc evidenced by that certain promissory note, of even date herewitb, made by the :~iortgagon and payable to the Asuxiation, in tlie principal AND.NO 100-------.-.----__---_-_-----_ Dollars ~s 15,000.00 ' s~im of FIF'T~E~T_'T~DU~~._ _ _ 1 . ' : ~~•hich note. together ~~ith interest thereon :u therein specified, is payablc in monthly installments oE ~terest payrnents ~t~ _#he. ~mo~nt o# $~.13. 02 du~ 1VI~y _20, 19?0, ~ 109_. 38 _ due June 20,1970, ~ 109. 38 due July 20j 19?0 and ~her~_ONE HU~TDRED T~iIRTY-TWO AND_56_/1_00------------------ _ noll~r~ ~s 132. 56 - - - - - - - - - - y-------- - 20th . . August 20~ 19?0 which ents ' on the _ . - da of each month c~mmencmg ~~~th - - - _ PaYm :?re to be applied, first to interest, and the balance to principal, until said indebtedness is paid in full, and shall perform, oomply ~.•ith :u~d abide by each and every the stipulations, agreements, conditions and rnvenants of said promissory note and this mortgage. And, including any advances made by the Association to ihe A~ortgagors, or their successors in tide, for any purpos~, at anv time before the release and cancellation of this mortgage, bui at no time shall this mortgage secure advances on account oE s:~id original note together ~vith cuch additional advances in a sum in eacess of.______FIFTEEN THOUSAND AND _I~IQ~lOQ_---_-_--_----.----_--.-_----_--.--_--_-_--~--- Dollars (5--15,_~Q_Q~ ~0---), plus any advances necessan~ i t« protect the security and costs, then this deed and the estate hereb~• createcl shall cease and be null and void. ~ AND THE ~1iORTGAGORS DO hereby cuvenant and agree: ~ 1. To pay all and singular the principa1 and interest and other sums of money payable by virtue of said prumismry nutc :~nd this mortgage, or either, promptly on the days respectively the same severally come due. ~ 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and Idnd ~ no~r on said described property, or that hereafter znuy be imposed, suffered, placed, levied, or assessed thereon, or that hereafter ma~~ be levied or assessed upon this 111ortgage, or the indebtedness securecl hereby, cach and e~•ery, ~vhen due and payable, .~cconiing to law, before they become delinquent, and before any interest attaches or anv penalty is incurred; and iruofar .u anv thereof is of record the same slkzll be promptly s:?tisfied and discharged of rec.ord and the original official document (such as, for uutance, the tax receipt or the satisfaction paper officiall~~ endorsed or certified) shall be placed in the hands of said .~ssociation as ~lortgagee within ten davs next after payment; and in the event that any therc~f is not paid, satisfied and discharged, said Association may at any time pay ihe same or any part thereof ~~~thout ~vaiving or affecting any option, lien, equitv or tight t?nder or by virtue of this ~forigage, and the [ull amount of each and every such payment shail be immecliatelv dae andpa yable and shall bear interest from the date thereof until paid at the rate stated in the note securecl hereb~ :uid together ~vith such inter- ~ c•st shall be secured by the lien of ihis 1liortgage. ~ . , 3. To keep the buildings -.nd all equipment and petsonal property now or herea{ter on said premisea covered by this mortgage. • insured in a sum equal to at leut the amount o( the mortgage, or an amount sufficient to tomply with any eo-uuurance require- ; ment mvering the same under the laws of the State o[ Florida. rnvering loss fmm both Eim and storm, making the loss under said i policies, each and every, payable to the A:sociation, as mortgagee, as its interest mar appear, and said insurance shall be in a g~ood ; and responsible insurance company satis[actory [o said Association, and written by a responsible lo~al agent satis[actory to said Asso- ~ i ciation: and ehe policy or policies shall bear a standard mongage clause without rnntribution, and, i[ the original principal amount ; f ot the mortgage is Fif[y Thousand and no/100 Dollan (S5U.000•00) or in excess thereof. shall be held by the Association, and, in ~ ; the event any sum of money becomes payable under such policy or policies, the AssociaUOn s1uU hzve the option to receive and apply ? { the same on acoount of the indebtedness hereby secured, or to permit the mortgagors to receive and use it, or any part theteof, for ~ 6 other pur~OSes, without thereby waiving or impairing any equity, lien, or right under and by virtue o[ this mortgage, and may s ~ place and pay tor such insurance, or any part chereof, without wai~•ing or a([ecting its option to foreclose, or any nght hereunder. ~ $ and the full amount of each and every such payirient shall be immediately due and payable and shall bcar interest Erom the date ~ chereof until paid at the nte stated in the note secured hereby and together with such interest shall be secured br the lien of this ~ " ~fortgage. ? To permit, commit, or suffer no waste, impairment or deterioration of said propert~•, or :iny part thereof, and upon t1~e failuro of the moriga~ors to keep ihe buildings on said property in good condition of repa'v, the Association may demand the - ~ immediatc repair of said bu;lclings or the immediate rejrayment of the debt hereby secured, and the failure of the mortgagors I ~ to rnmply with said demand of the Association for a period of Thuty (30) days, shall constitute a breach of this mortgage, ~ x ~ and, at thc option of the Association, immediately mature the entire amount of princijxil and interest hereb secured, and the ~ Association, immediately and without notice, may institute proceedin;s to foreclose this mortgage and applv or the appouitment } ~f a Receiver, :u hereinafter provided. ' • r ~ 5. This mortgage contract provides for additional advances which may be made at the option of the association and secured by this mortgage, and it is agreed that in L~e event of such advsinces the amount may be added to the mortgage debt ~ and shall increase the uniraid balance of the note hereby secured by ihe amount of such advance and shall be a part of said note indebtedness under all the terms of said note and this contract as fuUy as iE a new such note and contract ~~•ere executecl ; £ .ind delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for :t ~lifferent monthlv payments Nnd a different interest rate and other express modifications of the contract, but in all oiher respects } ti this contract shall remain in full force and effect as to said indebteclness, including all advances. ~ 6. If any of the sums of money hemin refeaed to be not promptly and fully paid within Thirty (30) days next after ~ ~ the same severally come due and payable, or if each and every the stipulations, agreement. conditions, and covenants of said romisso ~ note and this deed or either are not dul ormed, com Led with and abided b the a ate sum mentioned - ~ ~n said rromisso note and an other amount or amountsf added to the mort a e indebtedness Yunder th~e t~e ms oE this mort a e " ~ shall be ome due and payable f rthwith or thereafter at the option of the Association, as fully and completely as if said ag_~r g~e sum of money was originally stipulated to be paid on svch day, anything in said promissory note or herein to the conRary not- 'Y' .~ithttanding. ~ i. To deliver to the Association, on or before ~tarch 15th, of each ye-ar, tax receipts evidencing the payment of all la~~•- ~ fully im -taxes for-th~-prececling_ calendar_ y~r; to deliver to the _ Association receipts evidencing the payment of all liens ' _ _ _ for pub 'c improvemenis within ninety (90) days after the same shall hecome due and payable, and to pay or discharge within ~ ninety (90) da~^s after due date, any and all governmental levies that may be made on the mort~aged property, on this mort~age ~ ~r note, or in any other way msulting from the mortgage indebtedness secured bv this mortga~e. ~ ~ ~ ~ F ~ ~oK ~84 ~~E , 807. F : ~ - # . ~ ~ _ YeJ~'F-~. ~ . - ~ +..t , ~ _~{i ~ _ , . _ _ _ . _ ' . _ , l.:~F"_~3