The URL can be used to link to this page

Home My WebLink About2424 ~ ~ . ~ { .~t aU times~x~cea bly and quirtly to entec uy~w~, huk1. ~xru l~y +~nd ~h~N~y saKl I.rucl: that s:~iJ 4u~r1 is (rec ftwn +~II ~y~cumtx~u~rrs; s ttwt the~ vvill make such Eu~tl~e~ attwst~t Eo Pe~°d th° fes dm~k titb to said land in the Asxx~i:~ticm as r~wv rcawiwbly 1x~ rcv~uinvi; and that tbey do hereby hdl)? wirrsnt the utb to uKl land u~cd will ck~[cnd ti?a s:~mr agai~ut tl~e law(ul cl:ums o( .~I) pc~scw~s whumsoc.wer. PROVIDED AL~~'A1S that if the ~1urtgugun slwll wrll u~?d tndy [~:?v unto tl~e As.ux•iation, thr iudrbt~~cl~K~ss evick.~~c.~eel by lhat certain promisso~y note, of even date he~ewith, mads bv the !?lartgagors and pu~•.~ble to the As~xiutiwi. in th~ princi~tial ,,,m ~ TWO HLTNDRED 3IXTEEN THOUSAND AND NO/100----------l~lla~s li 216, 000.00 ~.~hich note, cogecher .~ch ~r,~~t chercon at the rate specified. Principal shall be due and payable in Yull on January 2Q, 1974. Interest ahall be due and payable monthly commencing~on the 20th day of February, 19?1 an.d on.the 20th day of ea~h month thereafter until this note is fully paid _ until said indebtedness u paid in full, and s6all perEom~, com ..rith and a ide by each and every the stipulations, agreements, conditions and covenants of said promiaory iwte and is ~~g0. then this deed and the estate hereby created shall cease and be null and void. AND THE rtORTGAGORS DO hereby cvvenant and agree: 1. To pay all and singular the principa1 and interest and other sums of money pay~able by virtue of said promissory note ,nd this modgage~ or either, pmmptly on the days rapectivelY the same severally come due. 2. To pay all and singular the tazes, ass~nents, levies. liabilities, obligations and incumbrances of every nature and kind now on said described property. ~ that here~after may be imposed, suffered, placed, levied, or assessecl thereon, or that hereafter may be levied or auess+ed upon this Mortgage, or the indebtedness secured hereby, each and every, when due and payable, :~ccording to law, before they become delinquent, and before any interest attaches or any penalty is incurrPd; and insofaz .u any thereof is of record the same shall be promptly satisfied and discharged of reoord and the original official document (such ss, for instance, the tas receipt or the satisfaction paper officially endorsed or certified) shall be placeci in the hands of said Association as tiiortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfeed and discharged, _ said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equity or~right under or by virtue of this !1~ortgage, and the full amount of each and every such payment shall be immecliately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in the note sec~recl hereb~ and together with such inter- est shall be secvred by the lien of this Mortgage. 3. To keep the buildings and all equipment and penonal property now+ or herrafter on said premisa covered by this mortgage. insured in a sum equal to at leatt the amount of the mortgage, or an amoune w[ficient to complr with anp co-insunnoe require- ment o~vering the satne under ~he hws oE the State of Fbrida. eovering loss irom both [in and awtm. making the loa under uid policia. ach and tvery. payabk w the Association. u mortgagee. as its interest mar appear, and said iasurance shall be in a good and mponsiWe insunnce company satis[actory to said Association, and ~vritten by a responsible local agent utistactory to uid Asso- ciation; and the policy or policia shall bear a scandard mortgage dause without mntribucion. and, if the original principal amo~at of the moregage is Fifty Thousand and noJ100 Dollars (~50.000.00) or in excess thereof. shall be held by th~ Association. and. in ' the event any sum of monep becoma payablc under such poliq or policia, the Association shall have the option to receive and applr ~ ehe same on account oE the indebtednas hereby secured, or to perrnit the mottgagon to receive and use it, or any part thtreof. for ~ ~ other purposes. witlwut therebr waiving or impairing any equity, lien, or right under and bp virtue oE this mortgage, and ma~ ~ p ~lace and par for such insunnce, or an} p~n thereot. without waiving or afEecting~ its option to iotedose, or any right hereunder. ~ , and the full amount of each and every such payment shall be immediately due and payable and shaU bear interat [rom the date ¢ ehereot unal paid at the nte stated in the note secured hereby and together ~vith such intereat shall bt secured by the lien of thi: ~ ~ l~fortgage. . ~ ~ 4. To permit, commit, or suffer no waste, impairment or deterioration of s:iid property, or any part thereof, and upon f the failurt~ of the mortgagors to keep the buildings on said property in good cond~tion of repair, ihe Association may demand the ~ ur immediate repair of said buildings or the immediate repayment of the debt hereby scxured, and the failure of the mortgagors to complv with said demand of the Association for a periad of Thirty (30} days, shall constitute a breach of this mortga e, ~ and, at t~e option of the AssociaHon, immediatelv mature the entire amount of principal and interest hereby secured, and ~ Association, immediately and without notice, may institute proceedin;s to [oreclose this modgage anci apph~ for the appoinhnent of a Receiver, as hereinaker provided. ~ 5. This matgage contraM [xovides for additional advanc~es ~hich may be made at the option of the association and ~ secured by this , mortgage. and it is agreed that _ in the event of such advances tbe amount may be added to the mortgage debi and shaD increase the unpaid balu~oe of the note hereby secured by the amount of such advanc~e and shall be a part of said ~ note indebtedness under all ihe terms of said note and this c~tract as fully as if a new such note and contract w•ere executed ~ and delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for c~ifferent m~thlv gayments and a different interest rate and otherezp ress modifications of the contraM, but m all other respecK.s ' ~his contract ahaII remain in full force and effect as to said indebtedaess, including all advances. ~ . 6. If any of the sums of mooey herein referred to be twt prompdy and fully paid within Thirty (30) days next after ~ the same severally come due and payable, or if each and every the stipulations, agrc~ement, conditions, and covenants of said ~ promissory note ancl thit deed, or either, are not duly perfarmed, complied w;th and abideci by, the aggregate sum mentianed ~ in said promisscxy note and any other amount ar amoonts added ro the mortgage indebtedness under tbe terms of th's mortgage sball beoome due and pay~bk forthwith ot thcreaker at the option of the Association, as f~Uy and completely as if said aggregate i ~ ~ o~f mllney was origuially stipulat~tl to be p~id on such day. anything in said promissory note or herein to the cantrarv not- & ~ To deliver to the Association, on or before March 15th, of each year, tax reeeipts evide.ncing the p4yment of all law•- ~ fuUy impo~d tazes for the ~xececling calendar year; to deliver to the Aswciation receip?s evidencing the payment of sill liens for pnblic improvernenb within ninety (90} days aker the same shall hecomc due and payable; and to pay or discharge within ninety (90) days after doe date, any aad all governmaital levies that may be made on the mortgaged propecty, on this mortgage ~r note, ar in any other way resultinR from tt?e mortgage indebtedness serured by this mortgage. ~ ~ . ~ ~1~ ~ . ~ _ ~M1 _ _ _ r Y.. 7 ~4~~~ ~`2-~'S~r ' _ . ~