HomeMy WebLinkAbout1320 .~t aQ tiutrs ~x:t~~~bly and c~uiclly to c~~tec u~xn?. Iwld, ~Kru~~~• and .•nN~~• ~.u~l ;.u~d; th.~t ~.~itl lanel (~e~• fruin all ~•ucuu~i?tat?a~s:
~h.?t thc•v ~~ill nu~ke such funher assurunees to perfect the fee aimpic title to w~id land in the AauK•iatNrn :~s tnav r~•.uuu.~bly lx•
rev+uinYl; a~n; tlwt they do hcreby fuUy wamint ihe title to said I:u~~l :u~d ~~ill tlcicud tl~~~ sao~~• a~:ti~~~t Ihr l:i~~~f~~l cl.?in~~ ~~f
.~1) jx•nuns ~~h~?mstx~vc~.
i'llO\'ll)ED r11.~\':~YS lh.il i( tL~• \lurtt;.a;un sh:~ll ~~t•11 ;u?~l tndy ~~:~v uutu tln• :~e.~K ~:itioo, tl~~• in~le•1?t~~eln~~xs ~•rid~•ntY~l
that ce`riain pn?inissot~• uote, af ev~o (IB~C IILYCN'I~II, macle bv thi• ilortK.i~;urs :u~d ~~;~~;~tslc• tu ttN• :1.aK•i:itiun. ~n iF+e• ~~rinri~~:~l
.+un ~.t TWELVE TH4USAND FOUR HUNDRED AND NO/1(10---------~~„~~~« ~S 12, ~00. 00
~.hi~•h notr, t~~;i~tl?e~ ~tith interest ~he•civ~n tl?Frriu s~x•eifi~~i, is ~?:ic.~hli• in ~n~mthl~~ iuct:illi~te~nts ol O1~E HUNDRED
THRE ~ AND 53/100----------------~-----..,_.._~~_..--------•-•-------------------
~k~~1:~~ is i03.53
un dte 2~~1 day u[ rucl~ tn~H?th c.~nmu~nci~+p; with AU~*LISL `I,~~ 1971 ~ehich pa~'n~cnts
.~m tc~ !x~ ap~~liexl, first t~~ interest, and the bal:~na~ to princi~*;?1, until s;?id indrbt~Ylness is E~;~id in full, a~~d shall perform, eomply
.vith and :~bide bv ~•ach and e~•er}• the stirul:tfK~ns, aGmementc, rnniliti~~us and cv~•en:u~ts of said ~numis.wn• ~x~te aud this
mort~a~e, And, including an~ ad~ances made b~• the Assuciation to the ~tort~a~ors, ~r thi•ir sncYrsu>?~ in titlr, f:u aiw purpos~•,
:~t :tnv time befom the mic-.+x and c:tncrllati~,n of this mort~a~;~•. hut at no timc shall this murt~:~};c secure advancrc rn~ acrnunt
~~F s,?i~l ~xi~in:il note tut~rtM~r ~.~ith .u.•h .~riJitionai :utvan~ti~ in swn in cxce•ss ~E TWELVE THOUSA~TD FOUR
HUNDRED AND NO/100--•------------------~?14?rs (3 12, 400. 00 phu an~ ad~:u?ces ncressan•
t~~ E~rot~~t the xeettritv a~~d eactx, th~•n this d~~tYl and the estate ht•rebv ematc~l shall crast~ and 1x nul) :~nd roicl. ~
A\U TllF. ~tORTCAC~RS DO hcrchv cv~•cna~~t and a~nr:
I. To pay ail and su~gtil:ir the princi~>al au~) interest and utl?cr sums of muney payable b~• virtue uF said promics~~n• note
.<<~~l this mort~age, or cither, prumpth• on the da~x ms~x~Mi~~el~ the wmr se~•erally come due. ~
To ~z~• all and sin~ilar the taxes, assessments, levies, liabilities, obligations and incumbrances of evrr~- nature and kind
rn~~~• ~~n s:?id ~I~~scribed propert~•, or th:?t here:~fter ~nav be imposecl, auff~reci, pLicr~l, !e~•ic~cl, or :is~e~cecl thereon, or that hemafter
tir.~~• be 1.~~~ic~i or asses.a-d upo~~ this \Iortgage, or the indrbtecincss scrurcel hemL~~, cach and e~•en•~ w•h~~~ cluc and pa}•able,
.uY~rdu~~ to 1a~~•, befom thev lxrome dclinyuent, and before anv intere•st attuch~~s ~~r :m~• prnalty ~is incurrr*d; and irLwfar as
.+na• thereo( is of n~rd the same chall be prom+Kk ~.?tisfie~l and discharge~cl of r:cr~nl :m~1 t1~~ original ofEicial document (stmh
~s, f~r ir~daace, !he !~r recei~ t or thc catisfaction l~:iper officialiv end<,rse~cl or eertifircl) s}~all l~e placecl in the h:~ncis of sai~i
.3~wciaticx~ as \lortfia~c~c ~~ithin tE-n da~~s next after lx~~•ment; atid in the event that a+~y thenY?f is not i~:~id, satisfied and dicehargcYl.
~,1i~1 As,i~~eiation ma~• at ant• time Ex?~• t~~e sa~~~e or any (urt th~reof ~tiitl~out ~~•:?iving or aftcrting am= u~~tion, lien. i~c~uit~• or ri~ht
~u~der or h~• ~irtue of this \lortga~e, and the [ull amuunt of each and even• such payment shall br itnmedialelv due and [~.~~•ablc
.uid sh:tll bear interest frum the date thereof until p:?id at the r.~te state~cl in the notc ~•urccl herebe ;?nd to~ether ~~•ith c:~ch ir~tcr-
~~st shall he secured b~ the lien of this ~iortgage, ~
3. To keep the buildiuRs a~x1 all equipmenc aud penonal propertr now or herra[ter on said premeses covered by this mottgaqe,
~nsured in a sum equal to at least the anwunt o( the mortRigt~, or a+~ amour~t sut(icirnt to complr with ~ny co-iruurance rtquirc-
meat coverinR thr samr u~ider the taws o( the State ot Florida, co~•eriug loss from both t::~ ;;,;,w. „,_~e:,,; t.~= loss under said
~~licies. each aiid e~ery, pa~~aLle to the Assoeiation, as mortg~gee, as its iuterest may appear, and said insunnce shall be iu a good
and respo~uible insurance company satis[actory eo saict ~ssociation, aud written by a responsible locai agrnt utistaceory to said flsso-
ciation: and the polic}~ or policia shal! bear a standard mortgage clausr without contribution, and, it the original principa~l amount
of the mortKaKe u Fitt~ '1'housand and no: IIM~ Ibllan (550.000•00) ur in exctss thereo(, shall be held b~• the Association, and, in
~he e~•ent am• sum of money becomes parable uuder such polic~ ot policies, the Association shall hart the option to rrcei~e and apply
the same on account o[ ehe indebtcrlness hereby secured. or to permit the mor[gagors to receive and eue it, or anr part thereof, for
acher purposes, w•ithout therebf wai~•inQ or im~>airiuR any equity. lien. or right under and by ~irtue of this mo~tgage, and may
place and pa~ for such i~~surance, or an~ part thernoL without wairinR or attecting its option to tortclose, ot any right hereundtr,
and che full amoun~ o( each and e~en such pa~~meni shall be immediatrly due and payable and sha(1 heu interest tro~ the date
chen~ot until paid at the rate stated in ehe ~~ote secured herrb~ a.~d togethcr with such intcrest shill be secured br tht lien o[ this
1~ortgage.
-1. To petmit, cr,mmit, or suffrr no ~~•:?ste, impairment or deterior.itH~n of s,~id rrupert~~, or a~~v E~rt tl~errof, aad u~x>n ~
the failurc uf the rrwrt~aeurs to keep the buildin~s on said prupertti• in gcxxl ccmditiun of repair, ihe .~ssociation mav Jemand the
r.nmediatr rcpair of saicl bu:ldinns or the immcYliate re~yment of the dcUt hcrrb~- sccur~~l, and the fail?~m of tF~ mortgagors
comph ~~•ith said demand of ihe Ass~xiati+~n for a~ri~xi oE Thirt.• (30) ct;?~•s, .hal! constitutc a breach o[ this m~?rt~aFe,
and, at tFM option of the rlssociation, immecli:dPl~- mah~r~ the entire amot~ni of prirtci~ul and iaterest hereb~• securc~d, and the
~:soeiaticx~, immedi.~teh and ~sit}x~ut noticr, mav institute proe~rdin~s t~ foree•lose this m~rt~a~e and ;ipph• f~r the apEwu?tment
~~f a Receicer, as hereinafter pro~•iJe~1.
3. This mort~age c~ntraM provides for additiunal ad~•:~ucrs ~~hirh mav be made at the uptiun of the associ,~tion aad
Mcured b~• this mort~age, anc~ it is agreecl that in the e~•ent of such ach•ances the a:nuunt may be addE~cl to thc• mortga~e drbt
,~nd shall increase the w~paid balance of the note herebr seci~red bv Ihe amow~t of such ad~•ance and shall E~e a~rt of saic!
nnte indeLtednFS~ uncler ~il the terms nf saicl note ancl this conUact as full~• ~s if a new~ such nole and cuntr.~ct .~f~re exerutc~i
~n~1 ~leli~•erecl. ~n .~d<lition.~l ael~•ancr a~rc~~rnent m~~• l~er ~icen and aecrpted for sueh ad~~anee ancl pro~•isiot~ re~.~~- !~r made fur
~~dferent monthh• pacmc-~~ts .:n~i a different int~vest rate and~ other express moclifications of the evntr.~c:, b»t i~~ .~11 other rr>~ects
;his cY?ntnct sh.+Il rcu~ain in fn1) force and effect as fu said ir~debtcc~ness. iucludin~ all ad~•ancrs.
6. If am- r,f the sumti uf mune~~ herein reEerrc~~ to be not prompth~ and fulh• ~Sid withi:s 'Chirtti• l;3t?! ~~ayc n~•~t akcr
tf~e same se~•er.+lh• ~.,me c~ue an~l pavable, ;f each and every the stipuletHmc, a~~nrmi~nt, conclit~uns, and c~n•enants of s.~id
E~r~~missory not~ and this ~1eec1, ~r either, are not d~ily performc-d. cY;~n~iliecl w•itn and abidecl b~•, the a~;gtr~,~te sum mentionecl
~n s:~id promicu?n~ nute and anv vther amuunt or amounts aJdecl b ti~e mortga~e indebteclnres under the t~-rnis o[ thic murtQa~~
shal) become du~~ :~nd pa~•-~ble f-,rthwith or thereafter at t}?e optN~n of the Associ.~ti~m, as f~dh• and c-~~inplrtelt• a~ if ..iid aS~r~~at~• {
sum of rru,nev ~?as riri~inailv stipulatc~l t~ be paid on such ciav, ant-thinQ in said promisu,rv n~le ~,r hrn•~n ti~ thr ~y?ntr~n- u~?t ~
~+~Ilutandinp,. ~ -
T~ deln rr t~~ t}.~• qsuK•iatu?n, rm nr 1?~-fc?re ~~tarrli l.itl., ~~f e~~c•h ce•.~~, tac rttripts rt•ide•ncin~ tl~e pa~~nent ~~f sll law -
f~~llti• irnp ,se<i trxt•s f~~r ~h~ JrnY-e-din~ r.~b~u~l.~r ~•~•ar, t~~ delivrr to thr Acu~eiatiun ftYY'I~s e~•idt~ncin~ thr pci~~me•nt o? aii ix~?s
f~~r publie irnJ ?ru~•e•~nents v?ithin s~inrty (~1) tlavs after the same shal) I~e~cY?mr dur :utti ~Tat°aGir. aix! to p,~y or dischary;~ w•it~~u~
'~snrtY (~1 da~~s ailrr dur dstc, any and all fiuvrrnm~-ntrl ievi~~s t1c~t maF' bc ma~t~• un tFu~ nx?rt~.~qcv~ ~uu~x•rtt•. ~~n tf~i~ m~~rt~.~~r
~r rx~tr, ~rr tn rn~• u?hf-t K;~v r.•sultir?q Irnrn thf' INIH~(tiJ~A ~ndrl~tr~blrss ~~rurrvl hr Ihis m~~rt~;a~r
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