HomeMy WebLinkAbout2817 at aU tia~as~c~tccwbly and quietly to ant~ u~x~~, hc~ki, ixru l~v, aiKl ~,y~rw sut~l IatKl; thrt sui~l laud is Grr t~wn wll rucumlu~uicrs; .
th~t they wiU nw~ke sudi Eutthet aaurnnoes ~o pette~t the fes dmpk ti~b b saicl t~?nd io the Asxxiutia~ w~ muv n~u~awbly t~c•
nr~ui~; ~xl th~t they do Mereby EuUy w+urant the titie to aaicl luud und ~~•ill dt~tc~~d tl~e xumr u~;uinst tl~r lu~v(ul cluiu?s ui
.~II pc~xH~x ~~•tKwi~wwvr~.
PRO\'IUCsU AL~\'A1S thut~if the ~l~xt gagun shuU H~rll w~d tnay ~wy w~tu tt~r A~..~x•iatica~, lIK• iinkbt~~lnrst ~•vid~~~~1
by tiwt rett~in pnxnissoty ~wte, af e~~ei? ~te ho~ewith. tade by the :11cxtRwgars xnd ~x~y:~blc tu t{K A~ar•i~dK?o, in tM• princi~ud
.~~~n ~ FNE HUNDRED F`IF'TY THOUSAND AND NO/ 100 - - - - - - - - - - - l~~ll:~?s ( 3 '~~0~ 000. ~AO
~~•hich twte, t~~grther H~th inte~rest th~reun 8t the ~rste 8pYC1t1@d.
Principal shall be due and pqyable thirty-aix (36) montha from date. Intere~t shall be
due and p~yable s3at months t~om date, and then monthl,y thereafter, until ful]~y paid.
w~til sald indebted~s is paid in fuU, and alwq perfo~m, oomply
•.•ith and ~ by e~ch and e~'ery tl?e tia?s. s~(~rcmc~~ts, caxiitiau snd cove~ants of s~id ~u~ni~ry note and thic
n e, i
~ . . . .
then th~ deccl aod the estate hcrcby crcntecl sh~ll ream and be ~u 1 and void.
AND THE :110R1'GACORS DO hercby ~v~~eaai~t and agrre:
1. To pay x11 a~d suigul~r the priucipa1 ana interest And ot}~er s~mu af moary puyable b~• virtue oF suid prumissc?n• nute
.~ncl this moetgage. ur either, Euompth• on the cla~~s reapectiv'ely tha s~me xe~^eruUy eome due.
a. To pay s?Il a~d singul~r the taxes, assessmc~~ts, levies. ltabilities, obligations und incumb~unces of every nature and kiud
„u~v c~n saicl clescribed property. or that hera~fter u~ay be Ln~, s~dferecl. plACed, levieci~ or ussessecl themon, or that hereaEter
ma~~ be levieci or asse~seci upon this \fortgxge, or the inde ainess seeured hereb~•, rarh and e~•ery. whrn duc+ unci payable.
,,.ro~nlu~g M la~v~ before thcy become deti~xluent, und bcfore any interest attaches or unv pe~~alty is incurred; and insofar us
.?m thereof is of recurd the sama shall bc }x~anptly s~tisfied and disclu?rged of recorci :md tl~e otigi~al offi+cial document (sucl~
.is, for in,ttance, the ta~c ceceipt ar the satixEaction paper officiait~• endorsed ar certified) shull be ~iaced in tha hancis of ss~id
.~ssociatiaa as ~lortgagee ~ithin tet? da~~s ne~ct after payn~nt; and i~ the event that any thereaf is not iwid, sat~sfircl und discha~ed.
•aid Ass~ciatio~ may at anv tune pu~• tha xame or any part thereof without waiving or affecting any aption, lien, equih~ or ri t
unde~ or bv victue of this \lottguge, and the full amwu?t of e~tch and everv such puyment shuli br immediately due and~a
ya .le
and s1w11 bear iuter~st fn~m the datc thereoE unW paid at the rate stated 'in the note scrurecl hereb~• :md to~ethr.r with such iuter-
rst sl?all be seaued by the lieu of this riortguge.
3. To keep the buildi~~ a~xi al! equipment a~xi penonal propetty now or herea[ter on said premises covered by tbu awrtg+ge.
iisured ia a sum cqual to at ksu the amoune of the awngaae. or an amou~it sut[icicnt co rnmplr with anr co-insunnce requin-
mrnt mreri~~ chc ume unde~ the la~ o[ ehe S~ate oE Fbrida. covering loss tro~tn both [urc and storm. making the las under said
E~ulicies, tac!? a~~d eve~r. pa)abk to tht Aswciatan. as awngagee. u iu interest maY appear. and said insunnce shall be iu a g~ood
rnd respwui6k insunncr company sacisEaaory to said As~ociation, aod writtee br a reapwaible local agent satu[actory to said Asto-
. iacion: and ehe policy or policia ahsU be~r a uandard mortgage clause without mntributiot~. and, iE the original principal amount
of che mong.~ge is Fi[ty Thawnd and oo/ 100 DoUars (S.i' 0.000.00) or in excea thereo(. shall be held br the Association. and. in
~he event any sum oE moixy btroina paYable uixier such policy or policies, the As~ociation shaA have the option to rtteive a~d apply
chr same on account ot the iadcbcedness hereby sccured. ot to permit the mdngagors to receive and use it. or any part thereol. tor
G othcr purposes. ~rithout thereby rraivir~ or impairing any equity. lien. or tight under and by vittue ot th~ mortgage, and aur
{ pliee and pa~ tor suc6 i~uu~ance. or any pan thereot. without waiving o~ a[[ating its optio~~ to tort~ckxe. or anr tight henuader.
~nd the fuU amount oE tacb and evenr such pa~rmrnt shall be immtaiiately due and papable and ~haq bear intertst [e+om the datt
~ chrrroE aaW paid at the nte stated in the note secured hereby and together ~ith such interat shall be secured by the lien oE thn
I ~jo~. .
4. Topem~~t, commit, o~ suffer no .~aste, impairment or detcrioration of wid properh•, or :my part thereoE, and upon
the fs?ihuo of il~e mortgagors to keep the buildings oo said pivpert}• in good ca?dition of repair, the ~uociation may demand the
~mcmdiate rep~air oE said buikiings- or the immedeate repravmei?t of the debt herebv serund, nnd the failure of the mortgagors
cu eomplv ~~ith said demand of the Associ:ition for a period oE Thirty (30) days, shail co~utitute a breath of this mortgage,
and, at t~c opti~x~ of the Association, immediatelv mature the entire amount oE principal and intcrest herebv secured, and the
ascociation, im~tely and without notiee. may mstitute proceedin;s m forecbse thic mortgage anci applv ~or the appoinhnent
~~f a Recei~^rr, as 6ert~it?after provided.
g S. 'tius matgage coatract provides for additia~al adva~ices ~a•hich ma}• be macle at the option of the association and
:ecured by ihits aartgage, aod it it agr~ec~ that in the eve.~~t of suc6 advunees the amount may be added to the mortgage debt
.:~~d shall increase the ua~aid b~lanoe of the note herebv sec~med by the amount of such advance and shnll be a part of aaicl
~zc~te indebtedness utx~er all the tern?s of said note and ~this contract as fully az if a new such note and contraM w•ere eaecutecl
.~nd deli~~ered. M additiooal advance agreernent ma~• be gi~•en ancl accepted for such advance and provision ma~• be made for
~ l~fferent monthh• pa~znents snd a dif(erent interest rate and other e modifications of the contract, but in all~other respectc
~ this contrad s,hall remain~in fall foree and effect as to said indebtezn~i~ss, ineluding all advanc~es.
6. If anv of tbe sums of mwey herein r~ened to be not pzumptly and fuUy paid Kithin Thirty (30) days next after
the same se~~eralh come due and g+~}~b1e, or if each and every the stipulations, agrc~e~rnent, conditions, and covenants of said
prumissocy note uxl this deed, or either~ are not duly pe~formed, complied v? ith and abided by, the aggTC~ate sum m~tiuaed
in said promiccay note and anv otber amount or auaunts added to tbe mortgage indebtedness under the terms of this mortgagc
shzll become due and paysbk forthwith or thcna~fter at tha optioa of the Association, as fully and completely as if said aggregate
sum ~ monev w~as originolly stipulated to be paid on sueh day. anvthing in said p~omissory note or herein to the contrarv not-
•.it}ss~nding. .
To deliver M the Association, on or before Narch 13th, of each }'~r, tax receipts evidencing the payment of all law•-
Fully im~p~d tues Eor the preccdins c.ilendar veu; to deli~er to the Association receipts evide~ng the payment of all liens
for public imp~ov~neats v~~ithin nn~ety (90) days after the same s}wD hec5ome dur and payabk, arid to pvy or discharge within
ninety (90) davs aker due date. any and all govemmeotal levies that may be made on the matgaqed pmperty, on this mortgage
noce, ar in an}' aher *esultinq from the mortgage ind~:btedr~en secured bv this mortga~c.
~ 600K 100 PACE ~S~ , .
~
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