HomeMy WebLinkAbout1312 .it aq timrs peacrably and quiedy to en?.er uEw~~. h:~ld, ~Krup~• au~i ~•ujo~~ s:?id hu~d: th:tt s:ud la~rcl is freti fcufn al) e•i~cuu~bran~~ey;
th.it they will make such {urther assuranees to perfert the fee si.uple Utle to ~:iid land in the Assuciation :u m.~v n:?se,u:?bly lx•
rr~~uired; and ttwt they do hemby fully v~amant the title to said I;ind and ~~ill ~Irfend thc s:imN against tiK~ la~~•ful ci:unzs of
.:I) ~x•~~u~~s ~~•huuis~xvcr.
PRO~'IUE.U AI.~1'AYS th.~t if the \iurt~:~~urs shall ~~•ell and tn~h' ~v uuto tLe :1s.~x•i.itiun, ihe i~~~lcl?t~~clnric ~~vid~ti~~rcl t
b~• that ccrtai~ promissory note, of eve~ date he~ewit}?. made b~• thc \tortR.t~urs anii ~~~•:ibtr to ti~ AsuK•iaticin, i~+ th~~ ~rinci~~:+!
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.~~m of TWELVE THQUSAND EIGHT HUNDRED AND NO/100-------- ~h,11:,rs ~g 12, 800. 00 i
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~~hich not~, t~?gether ~vith intNrest theriv>n as th~rein s~w~cified, is ~~:~~•.~Lk• in munthh• inst;illme•nts ~,E ONE HUNDRED ~
SEVEN AND 07/100------------------------------------------------------------- ~
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_ ~
. - lh,il:~~ (S 107.0? l. ~
~m tl~e 20th d:?y of each month i~?mrncnciog «~ith August 20, 1971 ~~•hich pa}•~nents ~
.~m to !~c .ipplis.~d, first to interest, :uicf tbe baluncr to principal, until said indebteclness is ~~:iid in ftdl, and shall perform, comply ~
:~~ith and ubide by e:~eh and e~•ery the stipul~tions, agmements, conditions and a~venants of saicl ~~romuson• note and thi.c ~
~nortQa~e, A~d, including any advances made by the Association to the itortgagors, or their succrssurx in titlr, fcx um~ purpo~se, ~
.~t anv time before the mle~ase and cancellatiun of this mort~Gage, but at no time shull thic mortgr~e ce~rure advances on acrnunt ;
. ;
~~f s.iid ori~inal note to~cther ~.~ith surh additional a(IVBD('rs in s~un in excess oE TVf(ELYE .THC?.U~~1NA_~ICHT _
HU~T_DREp ANA NQ/100-------------------- I~?llurs (S 12, $Q0. 00 plus an~~ ach•ances neccssan•
tu protec•t the seciuity a~~d costs, thrn this dc~i and the estate ht•mb~• ereat~~l shall cease• and i~e null and void. ~
A\D THF ~tORTCACORS DO hereby cvvenant and aRree:
L To pay a11 a:id singut:ir the principal and interest ai~d uther sums of money pa}•able bv ~•irti~e oF s:iicl prumisson• i~ote
~~~~1 this mortgage, ur cether, prum~tlv on the cla~~s respextively thc same se~•erally come due, ~
To pay all and sin~lar the taxes, assessments, levies, liabilities, obligatioru and inciunbrancc~s of even• nature and kind
~~u.~ ~~n said dc~scribPd pmperty, or that hereafter mav be imposed, suf[ered, pL~ced, le~~iecl, or assesxYl thereon,~ur that hereafter
m.?~• be !c•vicci or assesseci u~wn this ~tortgage, or the indebtedness serurecl hemb~~, each and e~-en~, ~~•hen due and ~}:iLle,
.~eronlu~g to I:i~~•, bcfon: they 6ec~me dclinyucnt, an~l txforc ::r.c iaterest attaches or :m~• ~enalty ~is incurrcYl; and inwfar ~
.~n~• thereof is of rec~rd the s:ame sha11 bc prompdv s:rtisFiecl and diuharged of rec~rd anil thc origin~l official document (such
~s, for ia~tance, the tax receipt OT the ~atisE::etion lx?J~er offieialh• endorseci nr eertifiecl) sh.?11 ~C plaeecl in the hands of said
~ssoeiatic~n as ~tort~a~ee ~.~thin ten da~~s next after pa~•ment; and in the event that auv thermf ic not ~raid, satisfiec) and dischargecl.
said Association ma~~ :it an~~ time tLe same or an~• ~ri tMvec~f ~~-ithou! trairing or affcc•tin~ an~~ option, lien, equih• or right
~?nder or bv ~~rtoe of this 1lortga~e, and the ~ull anw~ud of each and everv such pa~~ment si~all be immc~clialelv due ancl ~-:?ble
and shall bear iRterest from t6e ciate thereof until ~~aid at thc rate stateci in the note secured hereb~- aud to~MhPr ~~•ith suc~inter-
~=st shall he scti~uecl by the lien of this Jiortgage. ~
3. To keep the buildinRs and all equipment au~t penonal propercy now or herea[ter on said ptemises co~ered by this mottgage, #
i~~sureci in a sum eywl to at teast tht amount ot thr mortgage, or an amount sufiici~nt to compiy with anr to-insurance require- 2
:~ciu coti•ering the samt under the laws ol the ~tatc• ot Florida, co~•criuR iass (rom twth [ire and stortn, making the loss under said ~
jwlicies, each aud ecery, ~ayablr to the Associatan. as mortgagee, as its iuterrst may appear, and said insunnce shaU be in a good :
a~3d resporuible i~uurance compauy satis[actor~ to said ~ssociation, aud writttn bJr a resporuible tocal agent utis(actorJr to uid ~1sso- ~
u.uion: and the policv or poiicies shal! txar a scaudarcl mortgage clause w~itl~out contribution, and, i( the origina! principal amount `
of the mortkaKe is Fift}• Thousand artd no; 1011 l~liars (S`~0.000.00) or in excess therto(, shall be held by the Association, and. :n
~he e~-enc any sum o[ money becomes pa}~abte uuder such policy or policies, [he Association sh~ll haa•e ehe opeion to receive an~ applr
thr s-rmt on account oE the indebteeiness her~b~- securrd, or to perrnit the mongagors to recei~•e and use it, ot aur part thercof, for
~xher purEx~scY, r.ithout therebr waicinR or im~airinq any tquity, lien. or right under and by ~irtue of this tnortgage, and map
pface and pa}• tor such i~uurance, or any part thereot, without w~irinR or afiecting ia option to torecloae, or ~ny right hercunder,
and the full amount of each and ever~• such p:~}ment shall Im immcYiiatrly due and payable and shall bear interat (rom tht datt
chrrrot until ~wid at the rate stated in ehe note securec! hemby and together with such intercst shall be securtd by the lien of thit
~tortga~e. ~
-1. To permit, commit, or suEfer no ~v:ute, imE~irment or deteriuratiun o[ said ~rupertt•, or .iny ~~rt t}~erc~f, and u~~on
th~: failure of the mortga~ors to ktrp ihe buekliu~s on s;;id pro~~ert~• i~i ~unc1 cunditiun of repair, the .~ssociation mav demand the
i~nmc~di:~tr rcp:?ir of said bu;lelin;s or the imm~Yliate mpa~Tnent of the deUt hereb~• scY•urc~l, and the failure oE the nwrtgagors
i,nd, tPth~ o~ ic n~~cif~the Assoeiati n~
mmecliatPit ,m:~
ti~m,the entire am unt ~of prineipal :~ndt inierest herebv~securedinan~
the
~ccociation, immediatel~• and ~~•ithout notice, mav institute p~»ccr~liuRC tn forcclose th~c murtKa,~~ and appl.~ for the apfx~intment
~~E a Recei~-cr, as hereinaftt•r pro~•ide~l. ~
i. This mort~age rnntract providec for adclitiu~~:~l ad~~aniYs ~chich ma~~ be inade 3t tlk uptiun of the 3ssociation and
~ecumd bv this mort~age, ar,d it is agceecl that in the event oE sueh ach•ances the amonnt ~na~ be addrel ta thr m~rtga~e debt
.+nd shall increase the unp.lid balance of the note hereb~~ secured bv the amount oE such a;~vance and sh~il be a part of saicl
nc~te in~lebtedness under al] t6e terms of saicl note .uul this eontract as fully as if a ne~v si~eh nole and evntr.ut ~crre ext•cut~c)
~n~i deli~•ererl. An :?dditional ad~•ance :~~reemrnt rna~- t~e ~i~•c~n and acreptecl for such advance and pm~•ision ~na~• ~r made fur
~liffemnt monthh• p.i~tnents ,:nd a diffemnt interest rate and other express modifec3tions oE the contract, hut ii~ r respccts
~his cymtr:?ct sh.all remao~ in f~~H fotce and cffc~ct ac t~~ said indebt~dness. inci~xiing aIi ad~•ances.
6. If ant• ~f the sums of muney herein referred to be not prompt?}- and (aU.~ paid a.-ithin 1'hirt}' t?(1) da~~s nc~t aher
the same se~•eralh• iv~rr~e duc and pa}•able, or if each and cwen the stipul.~tiRns, a~•rcYmeM, conditions, and cr~venants of s:ticl
~r~:micsory note ancl this deecl, ar either, are not duly perform~-1, a~mpl;ed w•ith ancl abided b~•, the aggmgate sum mentioneci
~n said pn~mica?rv note and anv other amount ot amounts added to the mort e indebteclness under the tc~ms o( tt~is mortga~;c ~
shall bccome duc and pa~~sbie forthwith or thcreafter at the optiun of the Association, as fulh~ and c~umpletelv as if saici a~~~re~at~• _
i j~~~ :•.•~s ;,ri~inailv stipi~lated ro be paid on such dav, an~thin~ in said promic~nrv~ note or hrrcin to ~~IP tYN1~Td/Y nnt- ~
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To dcli~~er to the Asu?ciation, on or lx•fore ~tarrh t.5th, of ~ach ~-e.ir, tax receirts eviclencinQ the pa?-ment of ap 1~++-- ;
fnlly impned taxes for the FfCCMLR~* c.?Icndnr ~-ear, to deli~~er to the Association receipts evidencinR the payTnent of aU liens ~
fnr pub~ic ~mpro~~ements within ninety (9p) days aftPt !he same shall herome due :tnd payable, and to p:.y or discharge within ~
ninetv (90) da~5 after dur ciate, anv and all govcmmental Ievies that mav bP made ~~n the nwrt~a~ed pruperh•, on thic mort~a~r ~
~~r rx~te, or in am• uther K~a~~ mtultin~ fmm th~ rrx~rt~{age indrbteciness serurecl M~ this rrx~rtQa~r•. ~ ~
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g~~r 194 1312 ~
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