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Home My WebLink About2446 ~ ~ at aU Umes (~acr~bly ~nd ~~uirtly to nitct u~~. M~k1. ~K'cu lw. rud ~~~r~v saKl ta~~: that saiJ IrtKl ~s trer ~twr a0 ayKti~mlxa~~ces: tFwt th~' wiU make ss~h Eu~t}~ ~noe+ to pe~ect d~s ks dm('k' titb to said land in the Aas~x~iati~x~ as mav nasa~rblr t,c n~~u~mci; and Ihat they do 1~ercby hdly warrsnt the litle E~ saitl I:u~d xnd wil) tletc~Kl dM s:~me .~gainst U~r IaN•(u) clanns u( .~ll ~x~w~: ~vh~nnsoevcr. ~ - PftO\'IDEU Al.~~'Al'S tlwt if tl~c ~IU[t}(d(y~IfS TI11II wcll u~H1 tndy ~rry w~to tl~c ~s.a?c•iatNm, thr indet~c~l~K~c i•~~c1c+~c~oc1 1 b~• tlut ccrtain Exomissory note, of even date herevvith, ia~ads bv the \fortgagors and ~r~:~bk• to ttx~ As+-cxiatiuu. in tl~ ~xinri~~l ;,~m ~ E I.EV EN '~HOUSAND FOUR HUNDRED AND NO/ 100 - - - - - - - - Ik?Il:~rs ( i 11, 400. 00 ) . ~ ~~hich note. together w~th inte~rest themon as therrin specifiecl, is ~C~~•abk io m~?nthlv instalhnents of NINETY-EIGHT ; Aivn s5/ioo------------------------------------------------------------------- n~~t~n c: ss.9s . on the 20tY1 day of each month c~mtnec~cu~g with F4b1'~13~3i 20~ -19T1.. which p~yments + :u~e to be applied, first to interest, and thc balance to princypal, until said inclebtedness is paid in fuU, and shall pe:Eorm, aomply j with and abide by each and every the sti lations, agreements, conditions and covenants of said ~omissory note and thit s n mortgag~, And, induding any advu~ces ma by the Association to the Mortgagors, or their succ~ors in titl~, for any purpose, ~ at anv time before the release and cancellation of this mortgage, but at no time shall this mortgage secure advances o~ account of said original note together with such additional advances i~ a sum in escess of__.~''+~.'V~'iH-'r~QV~_T'_.QU$- _ HUNDRED AND NO / 100 - - - - - - - - - - - - - - - - - - - - no]lars ( s 11, 400..00 ) . plus any advances neressar. - - - - to protect the sec~uity and costs, then this deed and tl~e estate hereby created shall cease and be null a~d void. AI~'D THE r~ORTGAGOAS DO hereby c~venant and agree: 1. To pay all and singular the principa1 and interest and other sums of money payable by virtue of said promissory note :~nd thu modgage. or either, promptly on the days re.speMively the sd°ne seveTallY ~°me due. 2. To pay all and singular the tases, a~ents, levies. L'abiliaes, obligations and incvmbrances of every natnr+e and kind now on said described property, or that hereaker may benN~ suffered, aced, levied. or asse.ssed thereon, or that hereafter may be levied or assessed upoa thu Mortgage, or the ess hc~reby, cach and every. when due and payable, .~ccording to law~ before they become delinquent~ and before any interest attaehe.t or any penalty is incumed; and in9ofar .u .~ny thereof is of record the same shall be promptly satisfied and discharged of reoord and the original official docvment (such as, for instance, the tax receipt or ~the satisfaction paper officialty .endarsed or certifiedj shall be placed in the hands of said Association as ~iortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfied and discharged, saicl Association may at any time pay the same or any part thereof ~vithout waiving or afEecting any option, liei?, equitv or right imder or by virtue of this !ltortgage, and the full amount of each and every such payment shall be immediately due anilpa yable :u?d shall bear interest from the date thereof emtil paid at the rate stated in ihe note securecl hereb~• and togethPr with such inter- est shall be secured by the lien of ihis Mortgage. 3. To keep the buildings and all equipiaent and peisonal property now? or haraEter on uid premises covered by this morcgage. insured in a sum equal to u kau the amount ot ehe mortgage, or an amount sutficient to complr ~vith any coinwnnce require- ment rnvering the same under the laws of the State of Fbrida. mvering loss trom both fire and statm, making th~ la` undet :aid policies, each and every, payabk to the Association, as martgagee, as iu interrst may appear. and :aid insurance s6a11 be in a good and responsiWe insura~ce company satisfactory to said Association, and written br a rapor~ibk local agent satisfactorp to said Asw~ ciation: and the policy or policia shall bear a scandard uwrtgage dause without contribution. and, i[ the origina~ prinapal amount o( the mongage is Fi[cy Thousand and no/ 100 Dollars (=50.000.00) or in excat c6ereoE. shall be heW bg the As~ociation. and, in ' che event anr sum oE monry becoma papable under such policp or policies, the Association shall have the option to receive and apply • ~ che same on acaount o[ the indebtednas heteby secured, or to permit the mortgagois to receive and use it, or anx part tha+eof, for j uther purposes, withaut thtrcby waiving or impairing any equity, lien, or right under and bJr virtue of thm mortgage. and ma~ ! place and pay for such insurance, or any part thereof, w+ithout waiving or aE[ecting its option to foreclase. or any right hereunder. ! and the Eull amount of each and every such payment shall be immediately due and payabk and shall bear interat [rom the date ~ chereoE unW paid ae the nee stated in the noce securtd hereby and together with such interest s6a1! be secured br the lien oE this ~ ,~o~. ~ 4. 'To permit, commit, or suffer no waste, impairment or deterioration of said property, or .wy pazt ihereof; and upon the failuro of the mortgagors to keep the buildings on said propecty in good condition of repair, the Association may demand the immediate repair of said buildings or the immediate re~rdyment of the debt hereby socured, and the failure of the mortgagors to complv with said demand of the Associatian for a period of Thirty (30) days, shall constitute a breach of ~'mortgage, and, at t~e option of the AssociaHon, immediately mature the entire amount of principal and interest hereby sec and tbe ~ .-~ssociation, immediaMly and without notice, may institute proceedin;s to foreclose thi~ mortgage and apph• for the appointment ~ of a Receiver, as hereinafter providecl. . - g 5. 11~is rnortgage contract ~xovides for additiorwl advances which may be made at the option oE the assaciation and ~ ~ secured by this martgage, and it is agreed that in the event of such advances the amount may be added to the mortgage debt and shaD inrrease the unPaid balance of the ~te hereby secut~ed by the amount of such advance and shall be a pad ~ said ~ note indebtedness ander all the terms c+f said note and ihis contract as fully as if a new such note and contract were e:ecuted ~ :,nd delivered. M adclitional advance agreement may be given and accepted for such advance and provision may be made for ciifferent monthiv payII~ents and a different interest rate and other e modifications of tbe contract, but in all other respects ~ ~ ihis contrad shall remain in full fotce and effect as to said indebte~ including all advances. ~ ~ 8. If any of the sums of mooey herein referred to be not pramptly sud fully paid within Thirty (30) days next after ~ the s~me severally rnme due and payable, or if each and every the stipulations, agrecment, conditions, and cm~enants of said promissory note and this deed, or either, are not duly performed, complied with and abided by, the aggregate s~m mentianed ~ in said promissory note and any other amount or amonnts added to tbe mortgage indebtedness tmder the tenns of this mortgage ~ shall beooaee due and pay~ble forthwith or t!?ereaker at the option of the Association, as fully and completely as if said aggregate sum of money was originally stipulated to be paid an such day, ar~ything in seid proa?issory note or herein to the c«~trarv not- ~ . . 7. To deLver to the Associatan, on or befare Mamh 15t6, of each y~ar, tax receiMs evidencing the p4yment of aq law - ~ fully imposed taues for the preoecling calendar year; to deliver to the Associstia~ receipts evidencing the poyment of all liens for public impro vemenb witl~in ninety (90) days aker the same slwll hacome due and payabk, and to pay ar discharge within ~ ninety (90) daps after due date, anr and a!1 govemmeotal levies t}~.at may be made on the mortgaged ~xoperty, c~ this mortgage ~ ~x note, or in any other way res~iltinR from the mortgage indcbtedness serured by this mortRaRe. ~ ' ~ ~ ~ - ~ _ . ~~s- ~