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Home My WebLink About1863 :~t ai! tirnes pc:?ceably and qiuedy to enter upon, hold, ~xrup~~ :md enjo~~ s:u~l land; that said laud is frc~, iroin all encumbrantts; thut they wiU make such further assurances to perfect the fea simple title to said la~d in the Aswciation as ~nav rc~ison:ibly ix~ recluired; t?nd that thcy do hereby fully wurrant the tide to said land xnd ~vill defrnd the same :?guinst tlte la~~•ful cluints of .:il ~tsoiu ~~•homscever. PROVIDED AL\YAIS that if the \tortG.+gors sh~ll wel) 1~~d truly j~:ty w~to tl?e :1ss~x•iation, the indebtcdnccc cvidenced i~y that certain promissoty note, of even date herewith, made by the \tortgagors ,ind p:?~:ible to the Ass~x•iation, in th~ principal .~?m of .~iI.NETEEN_ ~IOUSAND k'IVF HUNDRED AND NO/100------- Dolk~rs (S 19~ 500.00 «hich note, together ~+~th interest thereon as thercin sjxcified, is ~x?~:?ble in monthly instalhnents of ONE HTJNDRED SEVENTY-Z'WO AND 33/100------------------------------------------------------ , . ~,Il:~r~ ~s 172.33 1. „n the 8th day uf each month a>mmenciug ~.~~ch _ Noyember..8~ _ i9~~ K•hich payments .~re to be applied, first to interest, snd the balance to principal, untii said indebtedness is paid in full, and shal! pedorm, comply ith and abide by each and every the stipulations, agrcements, conditions anci co~~enants of said promissory note a~id this n~ortgage, And, including any advances made by the Association to the Mortgagors, or their saccessors in tidr, ior any pur~se, .~t anv time before the releuse and rancellation of this mortgaRe, bui at no time shall ihis mortgage secure adv.inces on acrount ~~f s:?id ori~inal nate together ~.rith such ad~itia~al .idvanms in a sum in excess of -._.NINETEE~_T~QTJ~AND._____ _ ~f FIVE HUNDRED AND NO/100--------------- ~~~an ~S 19i 500. 00 p~~u any ad~-ances necess:~n• ` - - - - - . t~~ ,xotec~t the security anc! costs, then this deeci and the estate her~bv create~cl sh.il) eease and be null and voicl. AND TNE ~iORTGAGORS DO hcreb~• c.~~•enant and agree: 3 1. To p:ry all and singular thc principal and interest and other s~ems of money p:i~~able b~• ~•irtue of said prumisson~ nut~~ ~~ul this mortga~e, or ~ither, prompth• on the da~•s respecti~•ely the same se~•erally come due. 2. To pay all and singuLu the t:ixc•s, assessments, levies, liabilities, obligatiuns and incumbranres of even~ nature and kind n~~~~~ on said d~~scribed pmperty, or that here:ifter inay be imposed, sufferecl, placed, Ie~•iecl, or assessed therenn,~ or that hereaftcr nia~• be le~-iecl or assessed upon this ~tortgage, or the indebtedness securecl hemb~~, each a~id e~~er~~, ~~~hen due and Pa~•able, .~crorcli~~g to la~v, beFore they beeome dclinqucnt, and before any interest attaches ~~r ant• aenalty is incurred; and insofar as .~n~• thereof is of recurd the same shall be promptly s:itisfiecl and cIischargecl of r,~rnrcl and tl~e origina) official document ~such ~s, for instanee, the tax reeeipt or the satisfaetion ~xi~r ofFiei:ill~~ endorseci or eertifiecl) sh:?11 t~e plaeed in the hands of said .~ssociation as \iort~a~ce ~~ithin ten davs next after ~a~•ment; and in the erent that an~~ themof is not paid, satisfied and dischargcYl, ~aid Association ma~• at anv time p:?}• the kime or any part thereuf ~~~thout ~vaiving or affect~~g an~~ option, lien, equih• or right ~inder or b~~ ~~rtue uf this ~fortgage, and the [ull amount of e:uh and e~•er~~ such patTnent shall }x immc-cliatelY duc and ~~•ablc and shall bear interest from the date thereof until ~id at the rite stated in the note ~ec~~rcd hc~reb~~ and t~~~ethc~r a•ith such iuter- rse shall be secured bv the lien of this ~iurtgage, a } 3. To keep the bvildings and all equipment aud penonal propert~• now or hereafter on said premises co~~ered by this mortgage. ~ insured in a sum eyual to at least ehe amoune o( the nzongage, or an amount su[ficient to comply wieh any co-insurance myuire- mrnt covering thr same under the law~s o[ the Statc o[ Fbrida, co~•erinR loss from both fire and storm, making the loss under said ~ F,olicies, each and e~•ery, payable to the fls,xxiaeiou. as mortgagee, ac its intrrc~st may appear, and said insurance shall be in a goai ~ arid responsible insurance company satufac.ory to said :~ssociation, and Nriue~i b}' a rrsponsible local aqent satisfactory to said Asso- : iation: and the policy or policies shall bear a staudard mortgage clause without contribution, and, i[ the oriRinal principal amount of the mort~age is Fift~• Thousand and noll(Nl Dollars (S50.WO.QO) or in excess thereof, shall be held b~ the Association, and, in ~hr e.•rnt any sum of money betomes pa)able uuder such pe~lity or policies, the Association shall ha~•e the option to receive and apply thr same on accouut o( the inJebteclnrss hereby securrd, or eo permit the mortgagors to receive and use it, or any part thereof, for other purposes, without thereb~• wae~•inK o~ im~iairing any ec~uit~, lien. or right under and by ~irtue of this mortgage, and may F,lace and pay to~ such insurance, or an}• p~ct therco(. without wai~•in~ or afiecting its option to [oreclose, or any right hereunder, .+nd the (ull amouut of each and e~•ery such paJmeru shall be imme~liatel}• due anc~ payable and shall bear ii~terest from the date therrof unul paid at the rate stated in the note secured hereby and together with such interest shall be secured by the lien of this ~lortgage. 4. ~To j~ertnit, cnmmit, or suffer no ~~•aste, unpairment or drtcrior.?Iiun of saicl pru}~rt~~, or am• pan thercwf, and u~wn t;~r failure of the mortgagors to keep the huildings on s.~id propert~• in gaxl cvndition of repair, the Associatiun mav dem:md the ~;nmediute rep:?ir of s:iid bu;Win~s or the immctilixte m~~~ment of the del~t l~ereb~• .c~rurc~cl, arzd the failare of tlm mortgagors t~~ complv ~~~ith said clemand of the rlssoci.ition for a~e~rial of Thirtv (30) d:n~s, si~;ill c~ustihite a breaeh of this mort~a~e, and, at the option of the Association, immediateh~ m:?ture the entire amount of princi~l and interest hereb~• secured, and the -lscoeiation, immediately and without notic~e, mav insNtute proceeclin~s tn (oreclc~seu this mortga~e and apph• f~r the ap~?intment ~~f a Recei~•er, as hereinafter provide~l. ~ i. This mortgage eontr:?et provides For additiun:~l advancc~s ~~~hicl? msv lx~ made .it tl?e u~tion oi the usx~ciation and ~ecured bv ihis mort~age, and it is agreed that in the event of such acivances the am~~unt may be added to thr mortga~e debt _ .+nd shall increa,ce the unpaid bala~ice of the note herebv secuted bv the amount of such advance and shall be a~rt of saicl = n~~te indebtednPSS under all the terms nf said note and ~this enntraM as fully as if a new such note and cuntract ~.e~re executeel +nd ~leli~~ered. ~i aclditional advance agreemc~~t ma~• be gi~•en ancl accepted for such advance and pro~•ision nri~• }x~ macle for rtifferent monthh• parments and a different intcrest r,tte a~?d other express modificstions of the contnc:, but in :ill ~other res~x•c•ts ,his contraM shall remain in ful) fome and effect as to said indebtedness. inclucling all advances, 6. If am• of the sums of muney herein referred to be no! promptly and fulh• paid ~~•ithin Thirty (30i da~•s nrxt aRer the same sever:ilh• rnme due and payable, or if each and every the sti~ulations, a~rerment, conditions, and a~~~enants of s.iid ~romissory note ancl this deed, or either, are not duly pedormed, a~mplied H-ith and abided by, the aggregate sum mentionect in said promissury nute and anv other amount or amounts added to the mortguge indebtedness under the terms of this mortga~~ sha~l become due :md parable forthwith or themafter at the option of the Asso:iation, as fully a~d completely ~s if s:iid ag~~rcguti• tium of monev ~~~as originally stipulated to be paid on such dav, anvthing in said promissorv note or herein to th~ contr.?n• n~~t- ~•-ii}uta~ZCiing. " ' ' To delic~er to the ~swciatiun, on or Ucfore ~tarch lith, of each ~~ar, tax receipts evidencing the pay~ment uf all 1:?~c- fnllv im~ sed taxes for the ~rec~Ylin~ calendar vear, to deliver to the Association receipts evidencing the ~yTnent of aU liens f~ar ~ public improvements H~thin ninety (90 } duys after the same shall F?ccome due and payablc, anil •to pay or discharge within r~inety (9p) da~~s after due date, any and al) g~~vemmental levies that may be made on the mort~:iQed prurert~~, ihis mort~*a~~• _ nr note, or in an}• other ~+•av rc~sultinR frnm the rnortgage indebtedneSS lE'CIIffY~ M' ~IIIS TT10ItQ,i~r. eo~~ 187 ~~8~3 : : ~ r.,- V ~ . ~ ~ _ . _