HomeMy WebLinkAbout1328 .~t all tiuirs ~x~_tcv ~bl~~ and yuit•ih' to ~~?tr~ u~wu, h..l~i, ~Krup~' an~l e~y~~~• scu) Luul; t14d ~.~id laiu) is (n~• (~un? aU ~•ucuu~b~anct~s:
tL,it thrv H~itl us~ke s~~ch further ~ssurnnces m~erfect the fae si~n}~fe title to s.~KJ land in the ~i.ux•iatiun us ~nav n;~wuably !K-
r~ti~uirt~cl; t?nd ti?:tt t}~ey do hereby fully wartunt the titks to sai~! l:u?~I :u~~l ~~il) drfcnd t6r ~.u~u• at;ainst ILe• 1.?~vful i•I.~ims uE
..Il ~x•nuus hu~nsa~v~~r.
1'RO~'IUF 1) AI.~1':11'S th.d i( lhr \lurt~a~urs ~I~all wcll :u?d tndy ~xi~• ttntu Ih~• :~~.~x•i:~tiun, tln• in~lrl?te~elnrxc l'~'1(IlM1lY'(~
hv th.?t artt:iin ~xontissocy uote, af even date here~~•ith, made bv th~ \to~tgat;ors and ~~;ic:~ble> to tli~ A~~~K•i:~tiu». ~n tl~~• l~rin~•i~~.~l
.um uf TWELVE THOUSAND FOUR HUNDRED AND NOI100-------- I~~II:~r~ ~S 12, 400, 00
.~hi~•h nutr, to~;~~ther ~vith int~~rest thercY~n ;u therrin ~~x-citi~~cl, is i~:~~:~hl~• in muntl~lv inst;tllnu•nts ~~f ONE HUNDRED '
THREE AND 53/100-------•-------y------------------•----------------------•---
103. 53 ~
lk~llan (3 r
;~n the 2~th da~ ui euch tncnith c~~nuue•ue•iu~ tvit}~ Al1gUSt 20~ 1971 ~~•hieh ~~~~me~:ts
.~m to Ix :ipplicYl, first fn interest, :ind the lx~lance to princip:?i, wdil saicl iixlcbt~~clnesc is 1x~iJ in fall, and shall perform, comply
~~~ith and abicle b~• rach and every the stipulations, u~nY•n~r~itc, conditiais and c~n•enants uf said p:omicsorv n~tc ;~ud thi.
murtgaQe, And, including any advances made by the Assuciatiun to the ;to~t~;a~Gurs, or the•ir s~ettYxwrx in titlr, ~fw anv puq~os~.
.~c at~v time befum the mlrase and r.utecllatiun of this mort~age, 4~ut at ~a~ time shall this mortgaGe sctiure advancvs on aee~n~nt ~
~ ' f
uf ~iid ori~ina) note t~K~ether ~~~ith such .idditi~~nal udvaucY~s in a~um in exeess of TWELVE THOUSAND FOUR
HUNDRED AND NO/100--------~--~-~~-----~~~~;~rc (S 12~ 400. 00 rji~ anv advances neccssan•
t~~ }~rutcYt the seeuritt• aud costs, thchi this dc~-cl and the estate h~~n•bv c•mat~Yl .h.~ll ~~case~ and lx• nuU and void.
A\U THE ~fORTC:ACORS DO herebv a~venant and u~rc~•:
1. To Erat• all and sic~~ilar the preaci~al and intemst and other sum~ Rf inen?ey pa~•ablc bv ~•irtue of said promicuxv notr
~~,~1 this mortgagc, or ~ither, prompth• on the da~•s respectivelv thc same sc~•crally come due.
T~ pa~• al) and sin~:lar the taxes, assessments, levies, liabilities, ubliRations and incumbrances of even• ~uature ancl kind
on .,~iel de~cribc~ci pmpert~•, or thxt here.?fter ~nav be imposed. su((e~md, pluced, lr~•ie•d, or assesscYl theteon,~or that hemaft~r
~~~.i.• be l~~ri~~i ur ~~.cess~Y! u~wn thic \tort~a~;e, or ttie indebtedness serur~~ci hereb~•, ~ach ai~d e~•en~, ~~•hen due and ~a~•uble,
.:.YVnlui~ t~~ la~~•, l~efore thrv t~me de•lin<~uc~~it, and hefore an~• interest attache•s ~~r am~ penalty is incurmd; and insofar :u
+rn- therc~~f is of recr.~nl the s.?me sh:ill be prom}Hh' satisfiecl and ilisc•har~;ecl of r.°corJ a~id tL~ ori~inal official document (such
is, for ~~tancr, the t1s reeeipt or ihe vtisFuetion l~:trer o[(ieiallv endorsecl ur eertifiecl) .hail tx~ p1ac~Yi in ll?e tu~nds of &ii(f
~cu~ciation as \tort~agee ~.ithin ten davs next after lx~~•ment; and in the e~~eni tl~at am• therc~?f is not j~:~+cl, sztisfiec! and dischar~ecl.
~aici {ssvci,ttion ~n.~r at am• tirne p.~~- ta?c: ~:une or au~~ l~rt thereof »•ithout .~•ai~~ng or 3H~Y•ting an~• uptioi~, lien, equit~• or right
nnder flr br ~irtue of this \lort~.i~e, and the [ull amuunt oi e:~rh and c~~en~ such ~u~~mcnt s}~all tx immcdi:itelv due an<1 [~.~~'ablc ;
.ind shall txar interest fn~m the date thereof until j~aid at the r.ite s~at:-~i in the note serun~cl F~crel,~- :u~d t~~fieth~r ~eith such inter- 2
~~st sh~ll tx s~~cumd bv the lie~~ of this ~fortg~ge, ~
~
3_ To keep the buildings and all equipmenc :+ud peROnal proFxrt7 noM on c~reaiter on said premisea covered br this mortgage. '
insuted in a sum a~uat to ae Irast she amouut o( thr mortgage, or au arm~unt sutficicnt to compl~ with any co-insurance require-
;rtent ccticrinR thr ume ~nder the !av?~s o( the titacr of Fbrida. toreri~~g loss from both (ire and storm, making the laas undtr said
~x~licies, e~ch and e~en•, pa~aLlr to the Association. ss mortgagee, ac its intemt tn~y appear. and said insunnte shall be in a good
and res~onsible insutance compruv saiis[actory ~o said :~ssociation. aad Nriurn by a responsibk 1oca1 ageqt satis(actory to said 3sso-
u~tion: and the policy or ~wlicies shall bear a st~udani mortgage clauu a~itt~out contribution, and, if the ori}tinal principal amount
of the monRaRe is ti(t~• "I~housand -end no IINI Uollars (j5Q,000.00) or in excas thereof, shall be held by the Association, and, in
ehe e~ent any sum ot mone}• txYOmes pa~::ble nuder such policv or policies, the Association sl~all have ehe opeio~~ to receive and apply
rhe srme on accouut o[ the indebtcYiness hereb~• secured, or to permit che moregaRors to recei~•e and usc it, or any p2rt thertof, for
~~chrr purposc~s, without therebv Mai~inR or imp~irinR ~nY equit~, lien. or riqht under and by ~•irtue ot this mortgage, and may
ptece and pac for such insurancr, or any ~art ehe~rol. rrithout wai~inR or attecting its option to toreclose, or anY tight hereunder,
:+nd che (ull ~mount u( each and evcr~ suih p~vment shaU t,r immevlia~rl~ due and pavabte and shall bcar interest (r~om the date
ehrrco( un[il paid at the rate st~teci in ehe uoee secumd hereb}~ and tcrgether with such int-rest shall be securecf br the lien ot this
~tort~ge.
~1. To Permit, a;mmit, or su(fer rxi ~aaste, unE~snnent or drtcnur.~tion of c:uiil pruPertc, ur :~ny j~rt thenwf, and u~wn '
th~• failuro uf the mort~a~iars to kec•p the buil<IinEs on saiJ pm~x~rh• in ~~x~cl cYmditiuu of repair, the Assoeiation mav Jemand the
~-nmtdiatc• re~ir oE saii3 buildin~s ot the immcciiatr mp:?~~ment of the dcbt hcrehv sec•ure.l, :?uil thr failun of Ihc• mortgagurs
~nd, at~~thr,~~ i~n~of~the Acsociahinn,s mmecti~t~l~ ,m:it:,r~ith~ entire .em~unti~~f principa! andt1interest~her h~~~secutecltnandathe
iccaeiation, immedi:~telt- s.^.~1 i4~it?:~ut ~otim, mav instih~te proa~e~linRC to forecloce thi~ mort~a~c~ and aplrh• for the appointment
-~f a Recei~•er, as hereinaftcr pr~~ride~l.
T~?is martqage rontraet pro~'ides Eor additiuual sdvancrs ~chich ma~• be madr st thr u~~tiun of the :?ssoci,?tion and
~rcured bv this mort~age, and it is a~;reecl that in the event of sueh ad~•anees the amount mav be acldrd to ttu~ mortfiat;e drbt
~n~~ shall incre:ue the unPaid Esalance of the note herci>~• seciuecl bv the amount uf such 3ci~ance ~nd sh:+li be a paK of sau!
+wte indeLteelnF•s~ under all the terms ~f sai<l r~ote ar~d this rnntract as ful)v as if a nex• such not.~ an~i amtr.~c•t ~~e•re exfrutevi
+=~ci ~leli~~erecl. ~n .?dditional :ul~•ancr a~recmeti~t ma~~ 1~e givc~n and accrpted h~r such ach•ance and pro~•ision mu~- }x~ m.rle for
?~f(erent montlil~• ~x~~ments .:n~! a difEcrent interest rate and atnF•r express moclifir~tions of the cvntncs, but in ati Mher res~x•cts `
~hic ec?ntraM SF~all rr~nain io (~dl forre and effe~et ac to s~id in~iebte•ciness, ineltidinR all ad~•anees. i
6. If am• o( the sums oE muney herein refermcl to be noi prompth~ and fulh- pc?i~i witt~in 7'hirt~~ t3O~ days nr~t aftt~r ~
tl~~ sat~~e se~•er:~lh• ~.~me .~ue :?ne~ pa~•able, or if cach and every th~ st~pul:~tio~+c, c~~reti•me•iit. conditiuns, and cYavenants o( sii~l
~~n~missory ru~te and this clecd, or eithet, are not duly perfozmtYl, mm}~1ie~1 w'~th and ahidecl bv, the aggrepate sum mentionecl ±
~n said prc~mi«ix~- iHrte and am• other atnount or amounts addecl to the mort~;age indebtedness ~:nder the tcnns of this mortQaR~
shall be~come duc ;~nd p:~v3ble forthwith or thcreafter at the optiun of the .lssociation, as fuliv and cv?mpletrh• as if ,aid a~~rc~at~•
~um oi rn~nev w~at oris~inallv sti~alated m be paid on ~~K~h das•, an~~tliin~ in said promess~~rv notr ur h~~rrin m th~ c~x~tr.~n- not-
~ ~ ithstar?ding.- . . -
To ~le~i~rr to tF~e .qsu~ciatiun, nn or f~fore ~tart•h l5th, «f rach •r.:.?, taY recripts evHl~•~ecinK the pay-mcnt uf all laH~- '
f„Ih• im(~xecl ta~i~s f~~r the prey:~~lin~ c.~l~•nJ.~r ~•ear, tu d~~liver to th~~ Acwciati~:n rece-ipts i•~•idencing the• pa~Tnent of all liens 1
f~~r publ'ec impro~•ernents w~ithin ninetv 190) Jays aftc-r the same shaU I.rmmc d~~r and pa~•ahk, and to ~y o~ dischar~e within
-~metv da~-c after due clate; am• and aIl s;ovcn~menta! levses that mav t~ mad~ ~~n the rru?rtK.iKcYi prnpertv, ~?n this m~~rtG:+~+-
~r n~-ite, or in an~• ~?ther w•a~• r~•s~dti~rQ Emm th~ nwut~~ge indel~t~ln~•ss zerur~Kl h~• Ihis rTUxtqa~±~•. ~
;
° R 1y4 13~8 ~
~o~K t
4
- ' . ~ _~71