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Home My WebLink About1260 . . .~t all tin~es~ Wy and quictly to a~tei u~n, hulcl, ocru >v aiKl ~y~p,v s~xt l~~xt; th~t saiJ laiKl ~s (n~ tnMn ap ~~~ruo~l:nu~oes: tlwt t~ w1l1 ~make such furtLer aaueanoes b~ pafed t6e ~ dmple ti~k to uid laud in the Ass~x.~i:~tion as ma~ n~~Wy b~ n~~ui~e~d; and that lhe~? do 1?cYebr ftaly wurant d~e tjtjs to picl laud and will ck(md the srmc ~?gainst thr Ic~wdul rlainu o( :?li pcrx~~s whwnsocvcr. PROYIDED AL~~'AYS thut if 1hc !~Iwt ~Rurs slwlf well and ttuly ~my untu ti~c Aswctiatio~, thr incirtKecinrss i~~idex~ed t~y that certain ~xOCni~y twte, of eve~? date ~iecewit6, mtds bv the lf~xi&ag~rs and pu~~:~bk to thr Asxn~iati~n, in the ~xinci~~l ~„m ~ TEN THOUSAND AND NO/100----------------------------- 10, 000. Oa ,~•hich ~wte, together with inteirst thereo~ us theccein srecifieci, is payable in manthly~ instaliments ~ EIGHTY-E~GHT AND S8/100-------------------------------------------------------------------- - . _ . - - - - _ _ uoq3rs 88. 38 - on the $th-.. . . day of eech month c~mmencing ~vith . .--.Fgbx'ua2`.y_.8,.._187~----_--- - ------------N'~ Pa?Y~~ :ue to be :ipplied, first to interest, and the bnlance to ptv~ap~?1, until saM indebtedneas it paid in full, and sluII pe~ivrua, oompl~? w•ith and abide by each and every the stipulations, ag~eements, conditior~ and covenants of said pmmissory note and t~is mod8'g'e. Md, induding iu?y advances made by the Association to the Mo~tgagors, or t~reir saocasors in title~, fo~ any p~upome, at any time before the release and cancellation of this mortgage, but at no time s1~aU this mortgage sec~ue advances on accwmt of s~id original ~wte together with such additio~a[ advances in a sum in eseess of__TEN_ THOUSAND_AND_._.______ NOf ~Q9_----------------------------------- Dollars (Z..~Q.s.QQ4.._OQ.--), plus any advanc~es necessary - - - to protect the sec~uity and costs, then this deed and the estate hereby created shall cease ar~d be nuli and void. AND THE MORTGAGORS DO hereby cvvenant and agree; 1. To pay all and singular the p~ir?cr'pal and int~d and other sums of money pra?yable by virtue of said promissory note .~nd this moitgage, or either, promptly on the days respectively the same severally come due. . 2. To psy aD and singular the taxes, as~ments, levies, liabilities, obUgations and iacumbrances of every natura and lond now on said dcxcribed or that heceaker may be im~ suffered or assessed ma be levied or a~~' t6it M a ot • • 1~~, or that hec~e~aker the ind ess secured hereby, cach and every, when due aud payable. ~ccording to Iaw, before they~bec~ome de~lu~q~~ie~nt, and before any interest attaches or anypen alty it in~uired; and iruofar ;u .iny thereof is of record the same shall be pt+ompdy satisfied and discharged of reoord anc~ the original official donunent (such ss, for uutance, the taz receipt or the satisfaction paper officiaity enclorsed or oertified) shall bc placed in the handt of saici Associatioa as ~tortgagee v~zthin ten days next aker payment; and in the event that any the~of is not peed, satisfiecl and discharged, said Association may at any time pay the same or any pazt thereof without waiving or aNcctfng any option. 1ien, equity or right under or by virtue of this !ltortgage, and the full anwunt of each and every such payment shall be immediately due andpa ya6ie and ahsill bear iaterest from the date thereoE uatil paid at the rate stated in the note secun~ci hereby and together with such inter- est shall be sec~red by the lien of this Mortgage. 3. To keep the buildings and ail equipment and personai property now or herea[ter on uid premisa corered by t6is mortgage, icuured in a sum equal to at least the amount of the mortgage, or an amoune wEticie~t to tomply with my cai~urance require- ment oovering t6e same ~nder the h~rs of the Staee ot Fbrida. covering loss from both fite and storm. maki~ the loo under said policits, each and every. payabk w the Association. as mortgagee. as iu interut mar apptar. and said insutaace s6aI1 be in a good and tesponsible insuranre companr satistaaory to uid As~o~ciation. and ~rritten by a retpwtaible 1oca1 agent satis[actor~ to said Asw. ciatior?: and the polic~r or policies shaU bqr a sundard mortgage clause wit6out contributioa, ~d. ii the original princip~l am~ount Q[ che moregage is Fi[er Thw~sand and no/ 100 Doll~n (i50.000.00) or in a~cen ehereoE, shall be 6eld by t6e A~wciation. and, in che eveat anY wm oE money beconta paYable under such polic7r or policia, the Association sball have the option W receive and aPPiy che same on acaou~t ot the indebtedne~s hrrebY serurM. or :o permit tbe mortgagors to receive and we i~ or an~ part thereo[, tur ocher pnrposes, withuut therebY waiving or impairing anr equity, litn, or right under and by vittue ot this mortg~ge. and . ma~ place and pay for such inwnnce, or any pan thercot, without waiving or atfectiag itt option to toredose. or any right heteundtr. and ehe Eull amount oE each and rvery such payment ~all be immediately due and paYabk and shall brar incerat Erom th~ date chereoi uatil paid ac the nce staced in che noce secured hrreby and together writ6 wch intemt s6a11 be secuted b~ the lien u[ tl~» Morcg~ge. 4. To permit, commit, or suffer no waste, impairment or deterioration of said ~xope~•, o~ any part thereof, and upon the failwn of tbe mortgagors to keep the building,s on said property in good condition of repair, the ~ssociation may demand the immediate repair of said b~ldings ~ the immediate i+epayment of the debt hereby wcured, and the failure oE the mortgagors to complv with raid demand of the Association for a period of Thnty (30) day5, sha11 rnnstitute a breach of this mortgage, and, at t~e option of the Association, immediately mature the entire amount of p~inripal and interest hereby secured, ancl tbe -~ssociation, immediately and without notiee, may institute proceedin;s to foreclose this mortgage and apph• f~r the appoinhnent of a Rereiver, as heremaQer provicjecl. 5. This mo~tgage contract provides for additional advances which raay be uwde at tbe option of the associatioo and u~cured by tLi~s martgage, and it is ag~+eed that in the event of such advances the amount may be adde~ to the moctgage debt and shall increase t6c un~a+id balanoc of the note heneby secured by the acnount of se~ch advanc~ and sl~all be a part af said note indebte+dness under a11 the terms of said not~e and this contract as fully as if a new such note and contract were execnted ~nd delivered. M additional advai?ce agreement may be given and acctpted for such advance and provisior? may be- made far clifferent monthlv pavments and a different interest rate and other ~p~ess aadifications of tbe coi?tract, but in a11 other respects ~his c«?traa slLill remain in fuli fome and effect as m said indebtedness, including ap advanoes, 6. If any of tbe sums of money Gerein referred to be not prompdy and fu11y paid within Thirty (30) days next aEter the same s~weral}y eome due and pnyabk, or if ezcb and every the stipulations, agree7ne~t, amditions, and covenants of said Pranissory' note ancl this deed, or either, ue not duly performed, complied with and abided by, the aggregate sum mentianed in said promissory note and any other amount or amounts added ta the mortgage indebtedness uader the terms ~ this matgage shall bec~ome due and p4y~hk forthwith ot thcreafter at t6e option of the As'ociation, as fWly and compktel~+ as if said aggregate sum~nmoney was originally dipulated to be pnid on such day, aaything in said granissory note or herein to the c«itrary not- 8- i. To deliver to the Asaociat~, or~ or before 11larch 15th, of each year, tax receipts evidencing tbe payment oI aU law•- iolly 'unp.osed tues for tt~e preceding cakndar ya~r; to deliver to the Association receipt~ evidencing the payment of aD liens for p~ubl~c impcov b within nir~ety (90) days aker tt~e ume shall heoome due and pnyable, and to pay or discharge within • ninety (90j days aft~er due date, any and all govemmeatal kvies that may be made or~ the mortgnged property, an tfiis mortga~e ryr note, o? ui any other way msuhinR from the mortgage indebtedness secured by this mortga~e. ~ ~oo~16i9 ~1~257 f ~ ~ _ ~ ~ , ~b ~~'~~~'r"~~~ s~?` t~' , *.~-"s.3,s»~,..~,_~""~ ~