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Home My WebLink About0252 ~ ~ ~ i at all timespeaceaWy and quiedy to eater upoa, hold, occupy a~d cnjoy suid lxnd; that said land is Ecee from aU encumbranc~s; that they will make such further iasur~noes bo perfe~t the fee ~impla tide to said land ia the Association as ms?y reasonably be requit+ed; and• that they do hereby fuUy warraat the title to said land and will defend the same ngainst the In~vful claims of all persons whomsoever. PROVIDED ALWAYS tb~t if the riortgagors stwU well and truly pay unto the Association, the indebtedness evidenced by that certain pmmissorJ? note, oE evea date b~ewith, m4de bv the Mortgagors and ~yabte to the Assoc~tion, in the pri~cipa! sum of _NIN~TEEN Z`HOUSAND_ AND_NO/_100------------_---------- noll:irs (s192 000. 00 ~vhich note, together with interest thereon as therein specified, is ~Z~yable in monthly installments of ONE IiUNDRED .SIXTY-FQUR-9ND-88~-100------------------------------------------------------ _ . _ - - _ . uollars (s _ 164. 89 on the. 5th.-- ------day of each month. commencing with-- -DeCe17f1beY' S~_ 1970.---------------.._which payments :ue to be applied, first to interest, and the balance to princ~pal, until said 'u?debtedness is paid in fuU, and shall perform, oo~p1y t+~ith and abide by each and every the stipulations, agreements, conditions and covenants oE said promissory note and this mortgage, And, including any advances made by the Association to the Mortgagors, or their successors in tit1C, for any purpose, at any time before the release and cancellation of this mortgage, but at no time shall this mortgage secure advances on account of said ariginal note together with such additional advances in a sum in eacess of__~YA~T~'_.~'~~~_~'.$._~~~D AND___ rro~ioo-------- ( 00._.) plus any advances..neeessan• noll~ s-19~944.,- - . to protect the security and costs. then tbis deed and the estate hereby created shall cease and be null and void. ~ AND THE MORTGAGOAS DO hereby euvenant and agree: 1. To pay ali and singuLlr the princip~1 and interest and other sums of money payable by virtue of said pcumissory note anct this mortgage, or either, promp!]y on the days respectively the same severally rnme due. 2. To pay. alt and singulu the tazes, assessa?ents, levies, liabiliti~s, obligations and incumbrances of every nature aad kind now on said d~ocribed p~++operty, or that here~after ma be im , suffen~d, placed, levied, or assessecl thereon, or that hereaftc~r 0 y may be levitd or assessed upon this riorigage, or the inde edness securecl hereby, cach and every, when due and ~rayable, :,ccord'u~g to law, before tbey become deIinquent, and before any interest aitaches or any penalty is u~curred; and insofar us any thereof is of record the same shall be prom~rtly satisfied and discharged of record and the original official document (such ss, for instunce, the taz receipt or the satisfaction paper officially endotsed or,certified) shall be placed in the hands of said . Association as ~tortgagee withu? ten days neut 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 part ther~eof ~vithovt waiving or aNecting any option, lien, equity or nght under or by ~~rtue of this !lfortgage, and the full amount of each and every such payment shall be immediately due andpa yable and shall bear interest from the date ihereof until paid at the rate stated in the note secured hereb~• and togethe~r with such inter- est shall be secured by the lien of this 111ortgage, 3. To keep the buildings and all equipment and petsonal property now or hereafter on said prcmis~ covered bjr this mortgage, insured in a sum equal to at least the amount of the mongage. or an amount sufficient to mmply mth any co-insnnnce require- ment cavering the same under the laws of the State of Florida, covering loss trom both fire and storm, making the loss under said policies, each and trery, payable w the Assocucion, as mottgagee. u its inCerest uuy appear, and said insurance shall be in a good and respo~siWe insunace oompany satistactory to said Association, and written by a rapotuible local agent utisfactoty to said Asso- ciation: and the policy or policies shatt bear a standard mortgag~e clause without rnntribution, and. if the original principal amount of the mortgage ii Fiftr Thousand and no/!00 Dollzn (j50,000.00) or in accaa thereof, shall be held by the Association, and, in the event any sum of monep becaunes payable undet such policy or policies, the Assotiation shall havt the opdon to receive and applr the same on account of the indebtedness hGreby secured, or to permit the mottgagon to receive and u~e it, or any part tharoE, for ocher purposes, without therebr waiving or impairing any equity, lieR. or right under and by virtue ot this mortgage, and may place and pay for such insurance, or any pan thereof, vnithout ~raiving or af[ating iu option to [oreclaae, or any right hetrunder. and the [ull amount oE each and every such parnent shall be immediaeely due and papable a~d shall bear ineerest E~om the date ehereof until paid at the nte staced in the note secured hereby and cogether ~vith such interat shatl be secured by the li~n of thia ~iortgage. ~1. 7o pecmit, commit, or suffer no waste, impairment or deterioration of said propert~•, or :~ny part thereof, and npon the failuro of the mortgagors M keep the huildings on said pr~perty in good condition of repair, the 9ssociation may demand the immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors to complv with raid demand of the Associltion for a period of Thirty (30) days, shall rnnstitute a breach nf this mortgage, and, at t~c option of the Association, immediately mature the entire amount of principal and interest hereby secored, and the Association, immediat~ely and without notice, may institute proceci~in;s to foreclose ihis mortgage and applv for ihe appointment of a Receiver, as bereinaker provided. 5. Thit matgage e~lract pmvides for additional advances which muy be made at the option of the association und secured by ihis moztgage, an8 it is agreed that in the eveat of such advances the ~mount may be added to the mortgage debt and shall increase the ~mPaid balance of the note hereby sectued by tbe amount of s~ch advanoe and shali be a part of said note indebtedness under ai1 the terms of said note and this contraM as fully as if a new such note and contraM w•ere executed :,nd delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for ~lifferent monthlv payments and a different interest rate and othere~pr~ modifications of the contract, but in all other respects this contract shall remain in full force a~d- effect as to said indebtedness, including all advances. 8. If any of the sums of maney herein referred 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 stiputations, agreement, c~ditions, and covenants of saic! promissory note and this deed, or either, are not duly performed, complied with and abided by, the aggregate sum mentioaied in said promissory note and any other amount or azrwunts added to the mortgage indebiedness under the terms of this mortgage shall beoome due and pay3ble forthwith or thereafter at t6e option of the Association, as Eully and completely as if said aggregate sum of money was originatly stipulated to be paid an such day, anything in said promissory note or herein to the cootrarv not- w~thstanding. . 7. To deliver to the Association, on or before 1ltarch 15th, of each year, tax reoeipts evidencing the payment of all 1aw•- ftilly imp~~ taxes for the preceding ralend~r ye-ar; to deliver to the Auociation receipts evidencing the payment of all liens for public im~o vements withu? ninety (90) days after the same st?all hecome due and payable, and to pay or discharge within ninety (90) days after due date, any and all governmeatal ]evies tbat may be made on the unortgaqed ~xoixrty, on this mortRage nr note, or in any other way resuJting from the mortgage indebtedne~ serureci by this mortRa~e. ( b~~~ ~ ~ l_ ~ ~ ° , _ _ ~ f,.g„ _