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Home My WebLink About0287 ,t ~I~ times pracee?bly and quietly to enter uEwi~, 1wld, ~xru ~v srJ ~~?j~w ~id I:u?d; that s.~id luud is fi~t frum ul1 t•urumbranc~.~s; tf.at =}+ey wil) mnke such furlher assurnnces to perfect tlie ~ee simhle titlo to said I:u~d in the Asxxi:~tiwi :u mav maaan-,bly r~•~~uired: and that they do hereby fully warr~ant ttee title to sAid land :?nd ~viil deEend ~he sumr a~;:~i~4ct tl~r I:s~viul cl:~inu of ::ll jx~nows ~vh~~nuoe~er. _ PROVIDEU AL~~'A1S ihat if the \lurt~u~u~,s shall wCII All(I ~RIIy (Y.IY t1til0 tlir :1ss:x•i:~tiun, tl~e• inilrhlM~I1CSS .•viJtiti~reci hv that ce~rtaio ~x~omicsory ~wte, of even date hereH~ith, made bv t}u~ \fortga~;ors and ~~:e}•:~i~le to thc ~1~.~x•i:itn,u, ii? thc~ prini•i~~.il ~~~~n ~ TWENTY THOLjSAND FIVE HUNDRED AND NO/100---------~~~t:,~ ~S20, 500, 00 hich note, together ~~•ith interest therron as then•in specifiecl, is E?a~~:~ble in mcmthlv installme~~ts ~~E ONE HUNDRED SIXTY FIVE AND 15/100-------------------------------------------------------- . _ . _ uc>Il:~rs (S 165. 15 _ ~ on the ~St day oI each month a~mmrnriug ~~~th AUgt13t 1~ 19r11 which paymentc .?re to br :~pplied, first to interest, and the balance to princi~l, w~til said indcbteclness i~ paid in fuli, and shall perfornn, eomply ~-ith and abide 6y each and every thc stipulations, agreements, conditions and c~venants of said proani~sory note and thu mortgage, And, including any advances made by the Associatinn to the \lortgagors, or their succ~ors in tit1C, for anv purpose, at any time before the mlease and cunceltation of this mortgagP, but ~t ~ time shall thic mortg:~ge secure advances on aecount of said original note togett.er ~vith cuch addetionai advance~s in a sum in excess of.TWENTY._THOUSAND.F~VE _ HUNURED AND NO/100-------------------- p~~~~ ts20, 500,_00 ~,~us anv advances neces~n• - - - - _ - . - t~~ Exotect the security mid costs. then this deed and the estate hereby c~eateci shall ceasa and be nul) and void. ~ AND THE :~fORTCAGORS DO hcrebv cv~•enant and agree: 1. To ~y all and singular the principal and interest and other sums of money prayabie by viriue oF said prwnisson notc .~ncl t6is mg~t~ag~or either, promptly on the days respectively the same severally come due. To pay all and singtilar the tax~s, assess~nents, levies, liabilities, obligations and incumbrances of every nature and kinci nuw un saicl drseribed property, or that hereafter mav be imposed, sufiered, placecl, levied, or assessec! thereon, or that here-after rr~av be ic~•iecl or assessed upon this ~lortgage, or ihe indebtedness secureci hereby, cach and ererv. ~~~hen duc and pa~-abk, .~crorcling to I:iw, befare they become delinquent, and befare any interest attaches vr anv p~nalty is u~curred; anci insofar :u .?ny thereof is of tecord the same shall be prompth s:itis€ied and dischargecl of mcorcl and the original officiat document (such ~s, for i~utance, the taa receipt or the satis[action paper officialty endorsed uc certified) shall be place~I in the hancls of said ~ssociatian :is ifortgagee writhin ten davs neat aFter payment; and ire the event that any therc~f is not paid, satisfied and dischargc~l, s~1id Association ma~• at anv time pc?y the same or any part thereof ~~ithout ~saiving or affecting any option, lien, equih• or right i~nder or bv ~~rtue uf this ~tortg:?ge, and the [ull amuunt of each and even such paycnent shall be immediateiv due ariclp.~vahle :utid sha11 bear interest (rom the clate thereof until paid at thP ratr stated in the oole seceired herebc and tc~etlwr with such inter- est sh.di be secured by the lien of this ~fortgage. ~ 3. To keep the buildings arid all equipment anc! prrsonal properry no~r or hena[cer on said premises covered by this morcgage. iiuured in a sum ec~ual to at Itast the amount of ~he mortgagt, or an amouret sufticient to comply ~vith anr co-irsunnce require- ment mvering the same under the laws of the State of Fbrida, cov~ring lass Erom both fire and storm, making the loss under said policia, each and erery, paYabk to the Assotiation, as mortgagee, as its intemt may apptar, atid said iruunnct shal) be in a gooe! and responsibk iruurance comp~ny satistactory to said ~ssociation, and written by a respotuible 1oca1 agent satistacWry to taid Asso- ciation_ and the policy or policies shall bear a sta~~dard mortgay~e clause without contribution, and, iE the origina! principal arnount o[ the monga~e is Fiter 7'housand and no/I(?l3 Uollars (550.000.00) or in txcess thereof, shall be heid by the ~SSOCiation, anJ, in ihe event anp sum o[ money txcomes paYabte uucter such poficy or policies, the Associaeion shall have the option ea receivr and applp the ume on attount ot the indebtedness hereby secured, or to permit the mottqagors to receive and use it, or any part thereo(, tor other purposcs, without thereby wai~inR or impairing any cquicy, lien, or right und~r and by virtue ot this mortgage, and may ~ place and p~Y [or such insunnce, or anY part thereoL without wai~~ing or a(tecting its option to iorectose, or any right herrur~der. and the tutl amount of each and e~•ery such payment sh~l! br immcYliately due and pa~nble ~nd shall bear interest [rom the date ~ thereo[ unti! paid at the nte statecl in tht note secured herebv and together ~sith such interest shall be secured by tht lien o[ this = ~fortgage. _ ~ ~ i To permit, commit, or suffer no ~~.1ste, impairmcnt or dcterioration of s:~id propert~•, or :tny part thereof, anci u~n ; the failuro oi thr mort~agors to keep the buildin~s on said propert~• in goal candition of repair, the Association may demand the f immediate re~ir of said buildings or the immediate repayment of the debt hereby see~~rc~ci, and .he iailure of the murtgagws ~ tr~ comph• with saicl demand of the Associ.ztion for a periud of Thirty (30) da~~s, shall constitute :i breach of this mortga~e, and, a[ the optinn ~f the Association, immediatelv mah~~e ihe en6re amount af principal and :nterrst herebe• secured, and ihe ~ .~ssociation, immediatelv and without ^Mice, mav institute procce~linas tn foreclose this tnortga~,?e and aNph- for the appointment ~f a Recei~•er, as hereinaker provicled. ~ s € 5. 'ifiis m~xtgage contract prc~vides for additiun.il advances ..~hich mav be .nade at the optiun of the association and ~ecured bv this mortgage, ancl it is agreed that in the eveni of such aclvances the amount may be addecl to the morigage debt , and shall increase the unpaid balance of the note herebv seciued by the am~unt of such adv~nce and shall be a part of saicl ; nate indebtedness tmder all the terms of said nate and ~this contract as fully as if a new such note and rnnUact ~••cre ezetvtecl ~ :,nd ~ielivered. An additional advance agreement ma~• x~i~en arxl accepteci for such advance and provision ma~- be made for ~iiffcrent monthh• pa~-menis wnd a diffetent interest r.ite and other erpress modifirations of the crn~tr.ect, bnt in all~other respectc ~his contr.~ct sha11 remain in fnq force and effect as to said indebteciness, incluciing all advar~ces. ; 8. lf any of the sums of rnoney herein referred to be not prompdy and fultv paid within TF.irty (30) days next after ` the same severallv rnme due aoJ payable, or if each and every the stipulations, a;rccment, conditions, and covenants of said ~ pmmissory note and this deed, or either, aze not duly performed, comptied with and abided bY, ti~e aggregate sum mentiooed in said promissory note and anv other amount or amounts added to the mortgage indebtedness under i1~e te~rms of this mortgage sh.all bec~ome due and pavab]e forthwith o~ thcreafter at the option of the Association, as fully anJ rnmpletely as if said ag,~regat~ sum of money was originally stipulated to be paid on such dav, am~lhing in said promissory note or herein to t1x rnntrrrv not- ~ «~t}~standing. . . ' f t i. To deliver to the ~ssociation, on or before ~iarch 13th, of each year, tax receipts evidencing the payment of all IaN•- ~ fully imposeci taxes for the preceding calendar vear; to deliver to the Association receipts e~•idencing the payment of al1 liens for public improvements within nirx~ty (90) clays aEter the same shall hocome due an~i payab)e, and to pay or d~scharge within ~inety (9(3) davs :~fter due date, any and all govemmental levies that may be made on.the rn~rtgaged pmperty, on this mortgage rate, cx in any other way msulting fmm the mortgage indebtedness secared bv ihis mortgage. _ , a ~ooK 194 287 _ , _ . - - . _ . - . ~ - ~ . . . . . . - . _..4-`=