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Home My WebLink About1685 ~ ~ F t ~ ~ f i at aU times peaceably and quietly ta enter upon, hold, ocrupy und enr~y sa~d l~~nd; that said land is (~e~ from aU encumbrances; tiiat they will make such furthes assurances ~o perfect the fee simple title to said land in the Association as mav reasonably ix required; und ihat they do hereby fully wamant the title to said land and ~~~ill defend thc s:?mc agai~ut the 1a~vful cl:?inu of :~ll peno~u ~vhumsoever, ~ PRO\'IDED ALWAYS thut if the \lortgagurs shall well and tndy pa~~ ?mto the A~coc•iatio~, the indebtecinrsc e~~idc~t~ced 4 by that certain promissory note, of even date here~vith, made by the \tortgagors and p:?}~ahle to the Ass~xiation, in th~• Princi~x~l ~ EIGHTEEN THOUSAND AND NO/100--------------------- ~g 18, 000.00 ~ s~im of - - - - _ _ - - - - - - ~~•hich note, together ~~~th interest thereon as therein specified, is pa~•al~lc in monthlv installments of ONE HUNDRED FIFTY-THREE AND 38/100----------------------------------------------------- _ n~u:~~ (3 153.38 _ . _ i _ - - - - - _ _ _ _ a on the _8~ - - day of each mondi cumm:•ncing ~~~th ~TL1Ile S,_1970- - - ~~•hich pa}'ments ' are to be :ipplied, first to intcrest, and the balance to principal, until said indebtedness is paid in full, and sh:ill perforan, comply ~ .~~ith and abide by each and every the stipulations, agreements, conditions and cavenants of saia promissory note a~id tl~is ~ modgage, And, including an}• advances made by the Association to the ~lortgagors, or thcir successors in titlc, for any purpose, at a~v time before the release and cancellaNon of this mortgage, but at no time shall this mortgsge secure advances on account of said original note together ~vith such additional advances in a sum in et~s of___ EIGHTEEN THOUSAND AND NO/100----------------------------------l~o)lars ($18, 000. 00 pliu anv advances necessan- - - - - - - - - - - - - to protect the security and costs, then this deecl and the estate hereb~• crcateci shall cease and be nnll ar~d void. AND THE \fORTGAGORS DO hereby a?~enant and agree: 1. To pay all and singular ihe principal and interest and other sums of money payablc b~- ~~rtue of said promisson• nutc :~~,d 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 kind now on said described property, or that herrafter may be imposecl, suffered, placed, levied, or :usessed thereon, or that hereafter may be le~•ied or assesscci upon this ~tortgage, or the indebtedness secured hereby, rach and every, ~~~hen due and pa}~ablc, aeeorcling to law, before they beeome delinquent, and before any interest attaehes or c?nv penalty is ineurred; and insofar c~s :iny thereof is of record the same shall be promptly satisfied and dischargecl of record and the original official document (such 1s, for instancc, the t~uc receipt or the satisfaction paper officially endorsed or certiEied) shall be placecl in the hancis of said ; Association as ~tortgagee ~vithin ten days next after pa~~ment; and in the event that any thereof is not paid, s~ltisfied and dischargccl. F said Association m.?y at anV time p.~~~ ti~e same or any part thereof ~~~thout waiving or affecting any option, lien, equih• or right ~ under or bv virtue of this ~tortgage, and the full amount of each and every such pay~nent shall be immediately due and payable ~ .u?d shall bear interest from the date thereoE until paid at the r:~te stated in the note secured hereb~• and together ~vith such inter- ~ Pst shall be secureci by the lien of ihis :liortgage. ~ 3. To keep the buitdings and all equipment and personal property now or hereafter on said premises covered by chis mortgage. ~ insured in a sum equal to at least the amount of the mortgage, or an amount sutficient to comply with any co-insurance require- t ment covering the same under the laws of the Statr of Florida, covering loss from both fire and storm, malcing the loss under said policies, each and e~•ery, payable to the Association, as mortgagee, ac iu interest mar appear. and s~id insurance shall be in a good and responsible insurance company satisfactory to said Association, and written by a responsible local agent satisfactory to said Asso- ; ciation; and the policy or policies shall bear a standa[d morcgage dause without rnntribution, and, if the original principal amount f oi che mongaqe is Fitty Thousand and no J 100 Dollars (s50,000.00) or in excess ehereof, shaU be t~eld by the Association, and, in i the ecent any sum oE money becomes payable under such policy or poleties, the Ascociation shall have the option to receive and apply ! the same on account ot the indebeedness hereby secured, or to permit the mortgagors to receive and use it, or anr pan thereof, for other purposes. without thereby wai~~ing or impairing any equity, lien> or right under and by virtue of thu mongage, and u}ay ~ place and pay [or such insurance, or any part thereo(, without waicing or aifecting its option to foreclose, or any right hetrunder, ~ ~ and the [ull amount of each and every such payment shall be immeeiiately due and payable and shall bear interest from the date ~ ehereo[ until paid at the rate s[ated in the note secured hereby and eogether with such interest shall be secured by the lien of this ~fortgage. ~ ~ 4. To permit, mmmit, or suifer no waste, unpairment or deterioration of ~id propert~•, or any ~1rt the~eof, and upon ttie failurc of the mort~a~ors to keep the buildings on said pmperty in good condition of repair, the Association may demand the ~ immediate repair of s:iid bu;ldings or the immediate reix?yment of the debt hereby secured, and the failure of the mortgagors ~ ~ to rnmply ~vith said demand of the Association for a period of Th'uty (30) da~s, shall constitute a breach of this mortgage, } and, at thc option of the Association, immediatelv mature the entire amount of principal and interest herebv secured, and the ~ ~ Association, immediately and without notice, may institute proceedinos to foreclose this mortgage and appl~~ for the appointment ; ~ of a Recei~•er, as hereinafter provided. ~ 5. This mortgage contract provides for additional advances ~~~hicl~ muy be made at the option of the association and ~ ~ secured by this mortgage, and it is agreed that in the event oE such advances ihe amount may be addecl to the mortgage debt ~ ~ and shall increase the unpaid balance of the note hereby seciued by the amount of such advance and shall be a part of said ' note indebtedness under all the terms of said note and this contract as fully as if a new such note and contract ~~•ere e!cecutecl j ~ and delivered. An additional advance agreement may be given and accepted for such advance and provision ma~• be made for ~ different monthlv payments and a difEerent interest rate and other express modifications of the contrac., but in all~other respectc ~ ~ ihis contr,?ct shall remain in full force and effect as to said indebtedness, including a11 advances: ; ~ 6. If anv of the sums of money hemin referred to be not prompdy and fullv paid within Thirty (30) days nest after ~ the same severally come due snd payable, or if each and every the stipulations, agreement, conditions, and covenantr of saicl ? promissory note and this deed, or either, :ue not duly performed, complied with and abided by, the aggregate sum mentioneci F ~ in said promissory note and anv other amount or amounts added to the mortgage indebtedness under the terms of this mortgagc = shall become due and pa~•able forthwith or thereaEter at the option of ihe Association, as fully and completely as if said ag~regate ~ ~ sum of money was originally stipulated to be paid on such day, am~thing in said promissory note or herein to thc contrarv not- ~ ~ ~vithstanding. - ~ i S ~ i. To deliver to the ~ssociation, on or before ~larch 13th, of each ~•ear, tax receipts evidenciog the payment of all la~~~- ~ fully im~s~ taxes for the prececling calendar vear; to deliver to the Association receipts evidencing the payment of all liens ~ for pub il'c improvements w~thin ninety (90) clays after the same shall hecome due and payable, and to pay or discharge within ~ ninety (90) davs after due date, any and all governmental levies that may be made on the mortgaged property, on this mortgage n ~r note, or in any other way msulting from the mortgage indebtedness secured bv this mortgaQe. ^ s~ ~ ~ $UdK i~~ ~ , _ Fl~v~.,,~ V~ _ ~ ~ . ~