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Home My WebLink About2056 at aU timespa~oeably aad quietly to entar upon,lald, occ~?py and enjoy said lxnd: that said land is froe f~om ~ll encuanbru~oes: that t}~ey wiII make such futtl~er atauranos~ ~o paled t~e [e~ dmpb titk ~o said land in the As~ociatbn as may ressa~abiy ba rcqwnd, aod tl~at tl~ey do Lereby funy warnu?t d~s tltb ~ said land ar?d ~vill defend the same agairut the lawEul clnims of aU perso~u whomtoever. . PROYIDED AL\YAYS that if thc M gagors shall well aad tnily pay unto thc Assoclatioo, the indebtedness eviden~ed by that catain pcoanis~ory zwte, of eva~ dnte~ha~widi. mtds by thc Matgagors and pwyuble to the Association. in thr principal s~ ~ _~'4?~I~_~Q~A~. QN~.~AR~~..~A~TA.N4/1Q0------.------ Dolt~~ (i 4~_~00.00 which aote, together with interest thereon as therein specified, is pay~ble in monthly t~stallments oE T~~TY-TWO AND 02/100------------------------------------------------------------------ . Doll~rs (Z --~a- 02 - on the_-a~-----.----day aE each montt? cammencing with_..__ _DeCember_ 20 __1970~----__.-------------------„„~ P~?Ymez?ts are to be upplied, first to intecest, sad the bolance to prindpal, ~until said iadebtedr~ss is paid in full, and :haR per[am. witb snd abide by each and every the sN tioas, agreements, conditions and covenanta oE said ~n+om~ory note and~t F~ ~8a ~~'~"8 any advances ma by the Assoclation to the Matgagon, o~ their snecesson in titks, for any purpose, at anv time before tLe trk~se ancl caneelation of this mo:tgage, but at no time shall this mortgaga secure advanoes on account . ~ FOUR THOUSAND ONE of said original note toged~er with such additional advances in a sum in exce,ss of------------------------------ HiTNDRED_AND_NO 100----_-_---_---------- 4 100. 00 - - - - - ,nouars c:-- p~us any aavances nece~?TM to protect tbe securjty and costs, then this deed and tLe estate hereby aeated shalt cense and bc null and voic#. AND THE I?iORTGAGORS DO hereby cvve~wnt and agree: 1. To pay all and singular ihe pavx~pa1 and interest and other sums oE moneY P°Yable by virtue of said promicsory note :?nd this nwitgage, or either, prompdy on the daYs respectiv~elY the rame severaUy come due. 2. To pay all and singular the tazes, a~ents, lavies, liabilities, obligations and incuonbrauces of every nature and ldnd - now on said de9cribed propecty, or that here~fter maq be~~im~d, suffered, levied, or ass~ed thereo~, or that hereafter may be levied or assessed upon this Mortgage, ar tbe ess hereby, each and ~ every, wben dae and payuble, ~cconiiag M 1aw, before they become delinquent, and before sny interest attaches or anypena1ty it iacurted; and inaofar :u any the~Of u of re~rd the ~e s~~ll be p~mptly sati~ied and discharged of reoord and the orig~l official docuu~ent .(such ss, f~ it~stance, d~e tu receipt or the ratisfaction p~per officially endased or certiEied) shall be placed in the hands Qf said Association ~s ~to~rtgagee withu~ tea days next after payment; and in the event thaE any ihereof is not paid, satisfied and discharged, said A.ssocia~ioa muy at any time pay the same or anY Part thergof without vraiving or affecting any optiont lien, equity or rig~t under ac by virtue of this !liortgage, and the faD amoimt of each and every such payment ahall be immediately due andpa yabk aud shall bear int~erESt fmm tlie date' thereof ilntil p~id at the iate' stated in the note ~ecured hereb~ and together with such inter- est shall be secvred by the lien of tbis Mortgage. . 3. To keep chc buildings and all equipmenc and pasonal property now or hereatcer on uid premisa aorered bp t6i: mortgagr. insured in a wm equal to at least the amount of' [he mottgage. or an amount su[ficient w coanpl~ with anr eo-insurana requim ment ooveri~ the same under the la~rs o[ the Sate of Fbrida. oovering kas fmm both fire and storm. maki~g the las under uid policies. each and every. payable to the Association. as mortgagee. as ia inerrest mar appear. and said iasuranoe st~all be in a good and responsiWe ituunace rnmpany satisfaceory co said Association, and written by a raponsibk local agent aacis[acto~r to:aid A~to- ciation: and the poliry or policia shall bear a standa~d mortgag~e clause without rnatributioa. and, if the original principz! amount of the mortgage is Fi[ty Thous~nd and no/100 Doqars (f50.00Q.0~ or~in dcu~ tlrereof, ihaU b~ hdd b~ the As~ociation. and. in che ev~nt any sum of money beaomes payable under su~fi polic~r or policis. the Asaociation shall Lavo tbe option to reoeive and aPP>> ; che same on acoounc o[ che indebtedness hereby secused. or co permit the morcgagots w reaive and use it, or any part c6ereof, for i other purpo:es. without tlieirby rraiving or impairing any equity. lien. or rig6t nnder and b~ virtue ot this mortaaae. and roar ~ plaoe and pay tor such insunnce. or any pan chereof. ~rithout ~vaiving or atfectin6 ia option to foredae. or any riaht hereunde~, ~ and t6e fuU.amount of each and svery such payment shall be immediately due and payabk and s6a11- bear intenat from the date _ chrreof unW pxid at the nte :uted in the note st~cured herebr u?d tagether with wch interat shall be ;ecured br the lien oE t~n Mortgage. . r . _ ~ To t,.oommit, or suffer no waste, impaiiment or deterioratioa of said property, or any put thereof~ and upon the failura of ~mortgagors to keep the buildings an said pmperty in good conditan of repair, the Association may demand the ~ immediate repair of said buildings or the immediate rep~ynnent of the debt hereby sec~ued, and tbe failun of the moitgagors to complv with said deaeand of the Association for a period of Thirty (30) days, shsll rnnstitute a breach of this mortg~ge, and~ at t~c option of the Association, imme~iately mature the entire amount of pTincipal and interest here~y secured, and tbe , Association, immediately and without notice, may inrtitute pmoecdinvs to foreclose this mortgage and appl,v for the appomtment of a Recei~er. as be~einafter provideci. 5. This martgage contract pmvides for additional advances which may be made at the opt;on of the associatian and sec«ed by this matgage, and it is agreed that in tbe eveat of such advancea the amount. may be added to the mottg,age debt and shaD incrtase tbe unpaid baLnoe of tbe note l~eby sec~u+ed by the smo~mt of auch advance aud shall be a port oE satd note ~debt0dness under all the terms of said :eote and this contract as~ fuUy ss if a new such nole and coa~tract were ezecuted and deliveied. M additional advanee agreecnent may be given and accepted far such advanee and pmvi~io~ may be made foc ~ different mo~r~thlv payments and a diffetent interest rate and other modifirations of the oontract, bat in all other respects ~ ihis rnntrad shall remain in full ~foroe aad effect as M said iadebt~ including all advances. ~ 8. If any of the aurns of monty huein referred to be noc promPVY ~~Y P~ within ~irty ( 30 ) days next aker the same severally cbme due and payable, or if each and eve~y the stipulations, agreement, conditions, and covenants of said ~ pr~nissory note arxl this c~eed, or either, are not duly peifo~med, oompl~ed with and abided by, the agg~egate sum martIaned ~ in said promissory note and any other amamt oc amounb added to tbe mo~tgage indebtedness under the teims oE this mortgage shalt ba.nme due and pavabk forthwitb or thereafter at t6e optiai of the As~oclatbo, as fuUy and completely as if said aggregate sum~money was ori~naIly stipulsted to be pnid on s~ch daY• anythin8 in said pramissory note or herein to the cantrarv not- & ~ 7. To deliver M the Association, on or before March 1Sth, of eacb year, taz receipb evidencing tbe payment of aU law~- ~ fally '~m~, se.d t~es for tbe preceding calendar year; to deliver to the A.tsoc~tion receipts evida?ring the paymeni of aII lieas ra ~mp~ovementi wtthin ,~c,ec~? (so~ days after tba same ~an t+ecome aue ana p.yabk, .nd io pay a alic}~rge v~thin ninety (90) dsps after dne date, sny and all gc~v~emmental levie~ that may be made on the mortgaged pnoperty, on this mortgage or note~ or in any other way r+esulting from the mo~tgag,e indebtedness secvred by this mortgage. ~ ' • 8 ~ ~ , ' e~ ~ _ _ ~ t,w.~