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Home My WebLink About0839 .~t all times pe+tcrably and quicth• to en±e~ u~w,n, hoid, ~xrupy und rn~~~~• s:+id L~nd; that s:~id l.?u~l is (n~:• from all eucumbruucrs: th:it they will make such fusther azsurar?ces to perfe~t the fee simple• title t~> >aid lund in tlte :~~s~K•iation as mav rc:~sonahly lx re~{ttired; and that they do hereby fully warrant the title to sai~l lauii :u?d ~~ill d~•fend t1i~ ~:~nu~ a~~:?inst t!ic I.~~~•ful cl:tin~s ~?f .:1) ~x•nuns ~vhu~ns~x•vcr. PRO~'IDEU ~L~1':11'S th:?t if thr \lurt~.il;urs ~hail ~~t•l) and tntlv tmto th~• :\~:~Kiat~ut~, th~• iniicbl~•~in~•ss ~•ricl~•ucr~l ht• that cerlain promissory note, of eve~ date herewith, made b~• t}u• ~torlg.i~urs :uul ~~:i~:ibl~• to thr :~.,~K•i:?tiuu, iu th~• ~~ri~~~•i~~al :~?~n of TWENTY-FIVE THOUSANU SiX HUNDRED AND NO/100---- t~~~u:~~~ ~S 25, 600. 00 ~ , .~hic~h note, together ~~~ith interest ther~r~n :~s themin s~x•cific~el, is ~~:~~':~I,I~• in ~nunthlv iustallmenfs ~~f interest payments ; due January 20. 1971. February 20, 1971 and March 20, 1971, and then TWO HUNDRED TWENTY-SIX AND 24/100---------------------------,----------------------------- t th~~~:~~ ~s 226. 24 ~ ~~n the 20th day of each month cv~mmcncin~; ~vith ApTI~ ~0, 1~71-. w•hiclt ~>a}•ments :iee to be applied, (irst to interest, and the balance to pruicip:~l, u~itil said 'uidcbtcYlness is ~aid in fu11, and shall perform, comply ..•ith and abide by cach and every the stipulations, agn~e•ments, conditiais :ind cu~•enants uf suid prvmissory notc and thic mortRage, And, including any advances made by the Associariun to the ~fortKagors, or their successors in tide, fur anv purpose, at anv time before the mlease and c~ancellatiun of this mort~agr, hut at no time shall this mortga~e secure advances on acrnunt ~~f said original note together ..•ith such udditional :~civances in a sum in excess oE TWENTY'~'IVE THOUSAND - - - - } SIX HUNDRED AND.NQIZOQ------.----.-------- Dollars (S 25. sQQ. QQ phu anv advances neccssan• ~ ~u proteet the x~?rity an,i eosts, then this deecl and the estate hereb~• ereatc~cl sh:ill rease and be nul) and void. A~iD THE \10RTGAGORS DO hereb~• cv~'enant and agrc~•: _ 1. To pay all and singular the principal and interest and uther siuns of mu~eey pa}•able b~• virtue of s:,id pru~nis.u~n• nut~• .~»d this mortgage, or either, prompdy on the da~~s respecti~'cly thc samc uverally come due. ; 2. 'fo pay all and singular the taKes, assessmenis, levies, IiaUilitics, obligatioru ancl incumbran~~~ of every nature and kind ` rn~~v on said dc~scribecl property, or that herexfter may be imposed, sufEcrecl, placed, le~•icci, or assessed d~ereon, or that hemaftcr ma~• be levied or ussessed upon this Llortgage, or the indebteciness sc~c•ured hcmbv, c.~ch aud e~~rrti•, ~vhen dae and pa~•ablc, .~crord'u~g to la~v, before the.y become delinyuent, ane! before an~~ intcrest attachrs or :~n~• j~c nalty is incurtrci; and i?uofar :~s .inv thereof is of rec~rd the same shall be promptly s:rtisfieci and clischargecl of r:~Y~rd and the oriQinal oF(ieial doeument (such is, for iactance, the ta!c reeeipt or the satisfactiun papc'r ofFiciall~• endorsecl or certifiecl) tihall hc• plaeecl in the hands oF s:~id Association as ~fort~agee «zthin ten da~~s next after pa~•ment; and in the event that ~uv therc~f is not p:iid, satisfied 811(I (IISf}Iai~lY~, caid Assuciation mav at .~nv time pay t1~e k+me or am' i):1It t}lf•reof ~~-ithout waiving or af(rcting am• option, lien, equih• or right under or b~~ virtue of this ~tortga~e, and tlie [ull amount of ~•:irh and cven• such }~ymcnt s}~all be immediatriv due and [~.?y:?blc and shall bear interest fn~m the ciate thereof until paid at the r.~te statc~l in the nole see•~,red hereb.~ and to~ether ~vith such inter- ; ; t~st shall be securecl by the lien of this `tortgage. ~ 3. To keep ehe buildinqs and all equipment and personal property now ur herea(ter on said premises covered by this mortqaqe, insured in a sum eyual to at least the amount of thr monKage, or are amount suf(icient to complY with any co-insurance require- i ment mvering the same unde~ the laws ot the 5tatr of Florida, co~•ering loss from both fire and storm, making the loss under said ; 'j ~,olicies, each and every, payable to the Assoc~ation. as mortqagee, as its iurenst may appear, and said insurauce shall be i~~ a g~ocxl i and responsi6le insurauce compaoy satisiactory to s:+id Associatiou, and writu•n by a nsponsible local agent satis(actory to said Asso- ~ ciation: and the policv or policies shall bear a uandard mortgage clauu wiehout contribution, and, i( the oriKinal principal amount ~ o( ehe mortqaqe is Fi[ty 'Thousand and noi IIXI !)oHan (550.000-Ob) or ~n excess thereoE, shall be held by the ~ssociation, and, in thr event any sum ot money becomes payable uuder such Fwlicy or policicY, the Association shall have the option to receive and apply ~ ehe same on account o( the indebtedness hereb~• srcurecl, or to prrmit the mortqagors to receivr and use it, or any part thercof, for ~ other purposc~s, without thereby wai~•inR or impairinK any rquity, licn. or right under and by ~~irtue o[ this mongaqe. and mar = ~ place and pay [or such i~uurance, or any part ehrreo(, without wai~•inK or a([ecting its option eo [oreclose, or any right heteunder, ! ~ and the full amount of each and every such payment shall I~e immcYliatrly due and payable and shall bear interest trom the date - ~ thereof until paid at the rate se•rted in the uote sewred hrmby and togetl~er with such interest shall be secured by the lirn ot this r ~ \fortgage. ~ T~ permit, commit, or suf(er no ~~•aste, irnpairment or detcrioration ~>f s.~id prupert~-, or :?nV psrt thereuE, and u~x~n ~ ~ tt~e failurc of the murt~afiurs t~ kcep the buil~lin~s on said prvpcrt~• in gcxxl conditiun of re(~air, the Assoc:iation may deinand the ~mmediate rep:?ir of s:iid bu;ldings or the immediate repayment o( ti~e debt hcreb~~ scrure~l, an~) the fsilure ~~f N~e mortgagors ~ tu complv ~vith said demand of thc Association for a pcri~xl of Thirty (30) d:iy's, ~hall coustitut~ a breach of this mort~a~e, ~ ~ and, at the option of the Association, immecliat~k m.?ture the ~ntire amuunt of principal and intrmst heretn> securecl, and the ~ ~ 4smciation, immediately and without notice, mav institute procF~e~iin~c tr? foreclose this mort~a~F ancl appl~• f~r the appointment ~ nf a Rerei~~er, as hereina[ter provide~i. ~ ~ ~ 5. This mort~age contract provides fgr a~l~litiunul advanc~~s ~~•hich m:+v be rnade at the uptiun oF the association and ~ secured by this mortPage, and it is agreeci tt?at in the event of sach a~l~ances the a:nuunt may be addc~cl to the mc~rtKa~e debt 3 ~ :~nd shall increxse the unpaid balance of the note herebv secured by the amount oE such advance and shall be a part af said ~ ~ reote indebtednrss under all the terms of s:?id note and ~this contract :~s fully as if a new such note and contract ~~~•re ex~•cute~! ~nd ~lelivered. An additional aJvancc ~~,Treement ma~~ 1~e given and acceptecl fnr siich advanc~ and pmvision m~~~ tx• made for ' ~lifferent monthlv p:e~~ments : nd a different interest rate and other rxpress moclific~tions of the contract, but in :~ll other respe•cts = +his contr.tM sh.~ll rcmain in (ull force and cffect as to said indebte~lness, includin~ all advances. 6. If any ~f the sums of muney herein referrecl to be not promptly and fullv paid ~+•it6in 1'hirty (`3(1) days next after the same severally come due and payable, or if each and every the sti~~ul:~tions, a~rcrment, conditions, and c~vcnants uf said promissory note and this deed, or either, are not duly performed, eumplied w~ith and ~bidecl by, the aggrc~ate sum mentioneci = m said promisu~ry note and anv other amount or amounts addc~d to the mortga~c indebtedness under the terms of this mort~Gagc ~ shall become duc :?nd ~v3ble forthwith or thereaEter at the optiun of the Association, as fullv and rnmpletely as if said a~~re~at~~ ; sum of monev ~vas originally stipulated to be paid on such day, am~thing in said promisuirv n~te ~~r h~•rein to th~ rnntrarv not- ~ withstanding. ~ ~:r 7. To deli~•er to the Asuxiation, ~~n or 1x~f~~re ~tarch 15th, nf rac!? pe.ir, tax receiPts evidencire~G the ~ray~nent uE :?{I 1aN•- t ~ fully im[x~ taxes for the precrdinfi calendar ~•ear, to deliver to the Assoc:ation receipts evidencin~ thc payment of all liens ~ ~ f~,r public impm~~ements within ninety (90) ciays after the same shaD tx,~come diu~ and payable, and to pay or discharRe within ~ ; nmety (90) days after due date, any and al) govemmental levies that may be made un the ~nort~.?~rci pruperty, nn thia mort~•r~e ~~r rx~te, or in any other way resultinR from the mortgage indebtecln~•ss u~cureYl hy this mort~G:?~~•. ~ be~~g1 ~ :~A