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Home My WebLink About0426 at all times peaceably nnd quietly to enter uix~n, Imld, ~xrupy uud cnj~?v saia lunJ; that said land is frcti froin all encumbrunccs; that they will make such further assurances to petfect the fee simple title ta said land in the Associateon as mav reasonably kx• ; required; and that they do heoeby fully wurranc the a~le to sa~d la~?d and ~vill de[end the samc: aguinst thc la~~•fi~l clain?s uf ~ .:1! j~e nous whomsawcr. ' FROVIDED AL\YAl'S th:tt if tl~e ~lurtgu~urs shall ~vell a?id tn~ly p:?~• unto tl?e ,~sux~i:?ti~~n, thr iu~ii•btedncss ~~~~ideuc~l bv that certain promissory note, of even date hetewith~ made bv the \fortga~ors and t~a~•:~hle to the Ass~x•i:ition, in th~~ princi~xil .um of EIGHTEEN THOUSAND AND NO/100----------------------- pull:~rs ~S18~ 000.00 ; ~ ~.hich note, together ~~~th interest therron as thercin specifiecl, is Ek~}•:?ble in munthly i~istallments uf ~11T.E ~7ND~T? ~ FIFTY-SIX AND 2~/100--------------------------------------------------------- ~ " ~ ~ ~ _ . _ ~?i~:~r~ fs 156. 21 ; on the 15~ _ day of each month cvn?mencing ~~rith Ap.I'll ~.5,-. ~97~ _ x~hich payments are to be :~pplied, first to interest, and the bulance to pru~cipal, until s:iid indebtedness is paid in full, and shall peiform, mmply i ~~th and abide by each and every the stipulations, agreements, conditions and c~venants of suid promissory note and thic ~ mortgage, And, including any advances made by the Association to t}?e ~lortgagors, or their successors in title, for any purpose, at anv time before the release and cancellution of this mortguge, but at na time sh,tll this mortgu~e seceire advunces on acrnunt o( s;~id original note together ~vith such additional aelva~ices in a sum in excess oE-_. EIGHTEEN.-TIiOLTS.AI~ID AND _ NO L 1 QD - - - - - - - - - - - - - - - - - - - - - - - - - Dollsrs ( S 18,-Q00. 00 plus ai~v advances necessan• t~~ proteet the security and eosts, then this deecl and the estate hemb~~ ematect sh:ill eease and be null and void. ~ AND THE \fORTGAGORS DO hereby cuvenant and agrec: 1. To pay all and singular the principal and interest and otl~er sums of money pati•able by virtue of saed prumisu~ry noM ~ .~nd this mortgage, or either, promptly on the clays mspectively the same scverally come due. - 2. To pay all and singular the taxes, assessments, tevies, Iiabilities, obli~ativns and incumbrances of even• natwe and kind ~ n:»v ~n said described property, or that her~ifter may be imposed, si~fEered, placecl, levieci, or assessed thereon, ot that hereaEter E ma~~ be levieci or assessecl upon ihis ~iortgage, or the indebtedness securecl herebv, cach and e~•ery, ~vhen due and pa~ablc, .«Y~onlu~g to la~v, beEore they be.~come delinquent, and l~efore anti~ interest attarhes or :+nv penalty is incurned; anci insofar :~s .?nv thereaf u of record the same shati be promptly satisfied and dischargeci of r~cord and the origioal official document (surh ~s, for instance, the tax receipt or the satisfaction paper officially endursed or certiEiecl) shall be placed in ihe hands of said Association as ~tortgagee within ten davs next after pa~Tnent; and in the event that any thereof is not paid, s~tisfied and discharged, said Association may at any time pay tlie same or any p:ut thereof ~.~thout waiving or affecting any option, lien, equit~• or right tinder or bv virtue of this \tortgage, and the fu11 amount of each aed everv such payment shaU be immecliatc)v due andp.~vable ~ and shal) bear interest from the clate thereof until paid at the r:?te stateci in the note serurecl hereb~• and togethcr with sueh inter- t>st shall be secwed bv the lien of this ~iortgage. ~ 3. To keep the buildings and all equipment and personal property now or hemafter on said premises covered by chis mortgaqe. insured in a sum eyual to at least the amount o( the mong~ge, or an amount su(ficient to tomptr with any co-insunuct require- me~it mvering the same under the taws ot the S[ace ot Florida, co~•ering loss (rom both (ire and storm, making the loas under said policies, each and every, payable to ihe Association, as mortgagee. n. its interest mar appear, and uid insurance shall be i~? a good and retponsible insurance company satisfactory to said Association, and written by a responsible {oca! agent satistactory to said ~sso- ciation: and the policy or policies shatl bear a standard mortRa~e clause without contribuuon, and, ii the oriqinal principal amount of the monqaqe is Fi(ty Thousand ar~d no~ Ib!) Dollars (~50,000.00) or in excess thereof, shall be held by the Association, and, in ; the event any sum of moneY becomes payable ut~der such policy or poticies, the Association shall have the option to receive and apply 1 the same on aaount of the indebtedness hereby secured, or to permit the mortgagon to receice and use it, or any pan thereof, for # ather Purposes, without thereby wai~•inR or impairing any equity, lien, or riqht under and by ~•irtue ot this mortgage, and may ~ place and pay for such insurance, or any part thereof, without waivi~iR or atfecting its option to toredose, or any right hereunder. ~ and the (ull amount of each and e~ery such payment shall be immctiiiatcly due and payable and shall beat interest from the date thereoE until paid at the rate stated in the note secured hereby and together with sach intereat shall be secured by the lien of this ~ ~fortgage. ' ~ To permit, commit, or suffer no ~;1ste, impairment or deteriorution of s:?id properh~, or :~nY ~art therc~f, and upc>n ' tt~e failure of the m~~rt~agors to keep the buildings on said pmpert}• in gooci rnndition oE repair, the Association mav demand the immediate re~ir of s:iid btuldings or the immediate mpayment of the debt hereb~• securecl, and the failure of the mortgagors to rnmply with said demand of the Ass~ciation for a Pericxl of 'Thirtv (30) d:~~~s, shall co~~stitute a bmach of this mortRage, and, at thc option of the Assoriation, immediatelv mature the entire :imrnint of principal and interest hercbv serured, and the ~ssociation, immediately and without notice, may institute procc~e~lina,s t~ forecbce this martqa~e and appl.• for the ap~intment nf a Receiver, ~s hereinaker pmviderl_ 5. This mortgage contract pmvides fur additiunai a~vancrs K'f1iClt muy be made at tF~e uption of the association and secumd bv this mort~age, and it is agr+eed that in the event of such advances the amount may be addecl to the mortgafie debt :~nd shall increase the unpaid balance of the note herebv sectued by the amount of such advance and shalt be a~rt of said rzote indebtedness under all the terms of said note n~id ~thu contraM as fuUy as if a new such note and contract .~~cre exi•catc~cl ~ .~nd detivered. An additional advancc agreement ma~~ bc; gi~•en and accepted for such advance ~nd pro~•ision ma~• be made for ~ rli(femnt month)v pa~•ments and a different interest rate and other express modifications of the contnct, but in all~othcr resPects ' ~his rnntract shall remain in full force and eEfect as to said indebtedness, includinR all advances, i 8. If any of the sums of m~ey herein?~~rred to be not promptiy and lulh~ paid w~ithin Thirty {:30 ) days nezt aftcr ~ the same severally mme due and payable, or if each and every the stipulations, a4rcrment, conditions, and cYrvenants of sxid _ promissory note anel this deed, or either, are not duly performed, eomplied with and abic~ecl by, the a~tegate sum mentioned ' y in said promissory note and any other amount or amotu~ts added to the mortgage indebtedness under the tcrms of this mort~age 1 shall become due and pav~ble forthwith ot thereaEter at the optiun of the Association, as FuUy and completely as if ~id ap,~;regate ~ sum of money was originally stipolated to be paid on such dav, an~~thing in said promissorv note or berein to th~ c~ntrarv not- ~ wit}utanding, . . " i ~ 7. To delivrr to the Associatiun, on or before ~tarch 15th, of eac6 }•ear, tax receipts evidencinr the payment of all I:tw•- { f+dly im[~e~d taxes for the preeecling ealenclar ~ear, to deliver to the Assoeeation reeeipts evidencinj{ the payment of aU liens ~ f~r public improvements v?tithin ninety (90) days aftet the same shall hecome due and payable, and to pay or discharge within ninety (9p) da~~s after due date, any and ali govemmental levies that may be made on thc mortga~eci property, on this mort~;~~e nr note, or in any other way rcsultinR fmm the mortgage indebtedness securcd bv this mortRaGe•. ~ B~oK zs1 4~ . ~ _ ~ . _ _ . . ~ . _ . ~