HomeMy WebLinkAbout1304 .~t al) tim~~s ~x~ac~:~l~h• and yuirth• tu ati~tr~ u~x~u, IN~Id. ~wrup~• .u~d rnp~~• su~l i.~ud: tl~.~t a.iid t~u~l is Ir~~• Gu~n aH i•~~c~~mFjranty~.
th.~t Il~rv will maka~ such Eurthcr assurunces to perfect the fee dmplr title to s:?id land in th~ AswK•i.,ticu? ~s ma~• ~~:uun.~{~Iv IN•
r~ti~uin~tl; at~d th:tt they ~lo hcmby fully ..aR-.,nt the tiUe to sa~d I.~n~l :u~d ~ll ii~•(~•~id th~ ~.u~~~• a~;umt Ilir 1.~~~ (ul ~ L?ini~ uf
.:I) ~x~nunx ~clwms~x~vcr. `
1'RO~'1DE!) AI.~~':~l'S tlr.it ~f thr \lurt~.~~ur.c ~hull ~~ell :u?~I In~ly untu 11~~• :\.•~Ki.~tiun, Ih~• ~u~i~•I~l~vlu~•s~ i•~~id~•uiY~1
1~.• tl?.it cert:un pn~miswn• uote, uf e~•en clate h~Ye«•ith, made b~• the \lo~t~;.~~ors :u?~1 ~x~~•.,ht~• t~~ tfu• :l..~K•i:~tiun, u~ th~• ~~~iuc•f~?:~~
~~i TWELVE THOUSAND EIGHT HUNDREA A11A NO/100---•---- I~~II:~r~ ~S 12; 800.00
~.luch uute, tu~ctl~er ~~•ith interrst thrrctim .~s th~n~in s~iccifierl, ic ~~,~~.it~(~• in ~n~~uthl~~ install~ncnts ON~: HUNDRED
SEVEN AND 47/100---•----_-_•-_---•-------------------------•-----------------
l~~ll:?~ r S 107. 07
,m the 2~t~1 cla~ of rach m~?~~th ~•~~nnu•nci~i~ ~~rth ALigUSt 2Q~ 19~1 w~h;ch ~?~~mcuts
.~:c• to (x• .~pplirYl, [ir.ct to interest, :u~d the• }~:~laner ro princi}x~~, t~ntil s:tid tndebteYlnccc is paid in full, and shull perform, rnmply
..~ith ~nd abide bv cach and every thc stipul:riions, ugn~t~mei~t~, conditiais anci c.~~~enants ~?f vid ~irumiswn• ~u~te and this
mortfi:i~e, And. incloding an~ advances made b~• the Asu~ciatirni to the ~iortga~ors, nr th~•ir aucressorc in ~iNr, f~x anv purj~•,
at an~• time hc•EOn: !he rele~ase and r.?ncrilation of this mortGa~e, but :+t no time shall thic mort~a~e~ ~ecut~ idvancrs M~ am~unt
uf ~~id ori~inal notP tugether ~~•ith siech a~IJitioual a~h•;~un•s in s~un in exerss ~i TWELVE THQUSAND
EIGHT HUNDRED AND NO/lOQ••------------1~,))ars (g 12i 800. 00 1, pl~~s any uciva~xes necrssan•
t„ Exutect the ururih• a~id c~sts, thrn this dred and the estate hi•mb~• cr.•:~t~~cl .h.~l) crase :~ncl i~ md) and ~•c?id.
A\D THE ttORTCACORS DO hc•reb~• ct~vcnaut and agrc~•:
1. To xll and sing~ilar the princi~al an<) interest and other s~ems of moi,ry pa+•abk ~-irtue of s:iid pru:niss~~rv not~•
~n~l thu mortgage, i,r rither, pr~;mpth• on the davs res~xctively the samr ~evcrally come due. ~
To pa~ al~ and singulu the taces, assessments, levies, liabilities, ubliRatiu~u and incumbrances oE even• nature and l:incl
u~i s:ud d~~ses:hed pm~tt~•, or that hen~aher u~av be imFwsed, snFferecl, ~~laeecl, Irvie~cl, or asscssecl thereon, or tF?at hen
after
nw~• be Ic~vi~cl or ac~cxuYl uEx~n this \1ortGage, or thP indebtednes~aec•urnl hemb~•. c:ich ;?nd e~•en•, ~.•hen dn~ and pavabk.
.~~ronlu~g to I:i~~-, ~•fon: the~• lr~com~• ilclin~~ue~nt, and i?efom an~• interrs ,attach~~s or :int• peualty is incurmtl; ancl iiiwfxr cu
.im• thercof is of rcru:d the same shall Ix~ prompth• s.~tisfiecl and clischar~ed of r;cvrcl a~scl th~~ original o(ficial doeument (such
ls, IOi IRC~af1M, t}~e t:u rc~eceipt or the c:iiisfaMiun l~:i~xr uffiei:ilh• emloneel or certificYl) shal) be place~d in the handc of said
:~ssnciation :?s \1~ri~a~ee ~~ithin ten da~~s next aftcr pa~•ment; and in the event that aui• ti~ermf is not ~uid, satisfieci an~i dischar~ccl.
.aicl ~szociatior. snav at :im• time Fxi~• tiie sa~ne or am• ~~art thi•rc~f aithout i~:~iving ur aEfectin,~ arn~ uption, lirn, tY~uih• or ri~ht
nnder or b~• iirtue uf this \totigage, and thc liill :?mu~~ut of r:?ch ancl r~•en• such ju~•ment sha11 t~r irriinc~liateh• due and p.~~•ablc
.?nd shall be:u intcrest from the date thereof until ~id at the r.ite statc~cl in the note sec•un~cl 6errb~• and to~eth~r ~rith ~uch int~•r-
~~st shall be sccured bv the leen of this ~tort~age, '
3. To kccp ehe buildings a~xi all equipmcuc an~l personal property now or henafter on uid premixs covered by th'ss mortgaRe.
ins~red in a wm e+~ual to at Ieast the amount o( the mort~age, or an amount suificient to comply with any oo-iruurance reyuirc
n}rnt co~criug thc same undtr thc laws o! tht St.+~e~ o[ Fl6rid~, to~•criuR lov trom both fire and storm, making the loss under uid
Ewli~ics, ea~h and r~tn, pa~~able to tne Association. ~s mortRaRte, as its in[rrrst may appear, ani: said insunnce shall be in a good
a~~d respousiblr inw~ancr compauy satis(auon ~o said ~ssociation, a~~d written b7 a responsible local ageot satis(utury to said :1uo-
ciation: and the policy~ or ~~oli~ies shr1l bear a.standard mortga,g~ ctause w•ithout contribution, and, if ttee original principal amount
o! the mortg~Ke is Ei(t~ 7'hausand ~nd no IIHI IMIIaR (550.000.00) or in excess thereof, shal! be hdd by ehe ~+lssociation, and, in !
ihr e.~ent am~ sum ot mo~~e~ becomes pa}able uuder such pnlicy ot policies, ehe Associaeion sh~ll have the opeion to receive and apply
~he same on accouot of the indebtcYlnrss hereb~ sreumd, or to jxrmit the monRaRors to receive ar.d ux it, or any part thereo(, tor
ucher purpou~s, without thereb~ wai~-in~ or impairinR anv eyuic~•, lirn. or reght under anc! bY virtue of ehis mortgage, and m~y
~~lace ~i,d pr~ tor wch i~uunncr. or u» pan then~oL ~.ithout wai~inK or a([ecting its option to (orcclose, or an} right hereunder,
:~ud the full anwunt ot rach a~~d ecery such pa~ment ~hall t?e immediatel~ due and Payable and sh~ll bear interat from the dat~
ehereol until ~aid at the rate sWted in che notr secured hereby and togethe~ with such interest shatl be secured by the tien oi this
~fortgage.
~i. To ~ermit. mmmit, or su(fcr no ~~-aste, irnpairment or de~t~•riuration of said propert~, ur .in~~ ~iart thereui. aud uJx~n
t1,c failure ~~f the mort~a~ors to keep the builclint!s on s~id proE~ri~• in ~ocxl e~mciitiun uf repa"u, the Association mav demand th~
~~nm~di.~tr rc~ir of s:,id bu;ldi~~~s or the imrrnYli;+te n•p:t~~rnent of the debt ha~rcb~• .crunYl, :~n~l the failure of thc~ mort~;agors ~
t;~ complc ~~-ith said Jcma~xl of thc :~ssfx•i.?tK~ti for :i ix•ri~xl ~~f 7'hirt~• (30) ~l,?~•s, shall rnnstit~~tc- a l~re:~ch uf this inortRa~c, '
.~nd, at the ~pti~?n of the Association, immecli.it~Ir inaturi• th~ en;ire ::moi~nt of principat and inten~st hereb~- secured, and the
~.c~ei.~tion, immecli:~t~h• and ~a•ith~?ut notiee, mar institute proeer~li~~~s t~~ forreli~sr thit m~nrt~a~~ and :i~~ph- for the ap~intment -
~~f a Kc*crirer, as hereinakcr pmvide~l. ~
This mvrtQa~Ge mntr~ct provide~ for arldit~uyial ad~•an~y~s uhich ms~• be madt• at thr uEKiun ~rf the assc~ciation and
_~~cured L~• thic mort~a~e, and it is agreed that ~n tFfe event of wch a~lvanres the amuunt may be acldcrl to thr mc~rtga~e debt
•~n~ s all incre:?se the un~iu balance of the n~te hemb~~ -secured bv the amuunt oi such advance and sfti1l! be a jxirt of said
~~~te indebtedn~~ss under all the terrns ~f said note and ~this contrret as fa11v as if a new• sut•h n~l< ~rtd ec?r~tr.~et ~~rr~ et<ri~tt~l
~n<I ~1eli~~er~~l. An .~dditional :idti•ann• a~rc~•ment mati Ix• ~i.~en and .?cre~:tc~i for such advatxr and.prov~sHm ms~- }x• m.ide fur
~3~ffen•nt mont~~l~~ jx~~~:nt-nts .:n~i a di;ferent interest r,ite sn~1 othE•r express m«lific.+tk~us of the nmtrac:, hut it? .~ll ~~ther res}~•ts
~h~c cv?ntraM sl~.ill reenain in (ull foree and E~ffeet as to s:~id indrbtedness. ineludin~ all ach•~nees.
6. If :~n~• ~f the sunu of muney herein referrcd to be not prompth• and full~• paid w•ithin "fhirtr• j 3t) ~ days nr~t aRrr
the same se~•er:~lh• ~.~me due snd pa~•able, ur if e:~eh and even th~ stipul~tiuns, a~~r~rment, c~nditiuns, and c~en•enants of s:~iel
~r~~missor}• notf• ar~cl this decd, ar eiiher, are nt,t duly performe~cl, cY,rnpli~cl ..~ith am! abideel b~•, the a,~;grrpate nim meotionerl
in seid (xumis.on• n~~te and an~• other amount or amounts addeci to the mort~aRe indebtedness under the tcmis o( ~hit rrx~rt~;ag~~
shall bcc~ome duc .~ncl ~~~•able furthu•ith er thcrraker at the optiun of the Associ.?tiun, ac fulh• and rnmpleteh• as iF ~id a~~rc~;~t~•
~um oI mone~• «•as orit~in.illv sti~ulated to be paid on such dav. an~~hing in said promiss~m• n~~te ~~r Fu•re~n tn thr ccmtren~ r~nt
u ithst2nd~o~ - •
To deli~rr to t1~~• {;~x~afiun, un ur l~e~ure itarrh l~th, ~~f ~•ach ~rar, t~x rrcrirfs ericlencir~~ the Ewyme•nt ut rll laa- =
~~illv irn ~srd taxrs fur thr ~tflYYYLII~ C.II[•n~l:~r cPar; ta delirrr to th~~ ~ssociahun rrrcipts r~•idencinfi t}M payme~it of a11 liens Y
f-~r pub~ic improvernents w-ithin ~~irx~ty days after the same sh~U l~crome due ,ind Ira~•ablr, and to pay rx di~char~e w~thin "
•~mrtv (90) da~-s after doe date, sn~• and all ~nvernrnrntal 1e~•ies that may be rntade „n thr ~rwrtZ.~~rtil ~n~~~~rrt~, ,a~ Ihi. m~~n~a~r
•~r rK~fc, ~x in rm• uthcr v?•a~• n•~ultin~ fr~rm thr rn~rrt~a~e indebtedr~~'SS tP['1~f(Y~ flt' IhIS fliAl~y~d~P.
~~J~r ly4 ~~0~ ~
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