HomeMy WebLinkAbout1332 .~t all tin~rs ~x~amabl~• :.nd ~luictly to cutec u~x?n. IN~kI. ~Kr~qw a~ul ~•up?~• .au) I.wd; tl?at :~i~! lau~i is ir~~• fiom all rncuml~rrncts:
th.~t thrv «•il) mai:c such further ussurances to pcrfect the fee si~nplc tiUe to w~id l:?nd in 1the Asuki.iticm as mav rr:uunably lK•
i~~c~uin~l; and that they do hcrehy Eully v~•arrant the title to sa~d l:u~d :u?d ~~ill d~'ICIICI ~IM .:u~~~• a~:tinst li~~• L~~~(u! cl:uiuc uf
.:Il ~x•nuns ~~hwns~x~vcr,
PRO\'ll)ED Al.~~':~YS tt?at ii thr \furt~.i~urs ~It:~ll ~~eD :u~d tculY ~u~to the :l•,~x•i.ition, thi• in~l~•I~t~yln~•c< <-cidru~Y~el
hv th.~t crrtain pn~misson~ ~~ote, uf tven date here..•ith. made b~• NM \lort~.i};u~~ ani! ~x~~:~hl~• to tb~~ A~WK•iatiun, in th~• l~rin~•i~~:~l
+u~n of TWELVE THOUSAND EIGHT HUNDRED AND NOI100--------~k?ll~rs ~S 12~ 800, UO
.~hirh n~~te, to~ether ~t~ith interest theriY?n :is the~~•iu spc~cifie~tl, is ~~.~~•alili• ii~ ~nunt2~i~• in.ct:~lluicnis ~~t ONE HUNDRED
SEVEN AND 07/100------------------------------------------------------------
1~~11:~n ~ S 10?. 07
~~n thr 20th da~• of rrcle round~ i~>mni~•i~ciu~ ~~~itl~ August 20. 19~1 K•hich ~xa~•u~euta
.~re- to !x• :?pplied, iirst to intetcst, and the balance to principal, until saict u~debtc~ciness is paid in full, and shall Perform, compiy
~~~ith and abide b~• cach and e~•ery ttic stipulatio~is, a~mements, rnnditiuns anct c~z~•en.~nts uf said ~~numissorv note aod this
mort~a~e, And, including any advances made l~y the rlssix:iation tn thc ltortga~ors, or th~•ir siecrr.•ssors in tidr,~fcx any purpa«,
.~t am• time befom the m2rase and r.incrll:~tirn~ of this mortGu~~•, but at no timc shall thi~ ~~~rtg:i~r secum ach:~rnrs a~ acrnunt
~~f ~id ori~inal :wte ti~~ether with .uch :~dditi~nal advancx•s iu a sum in ezerss of TWELVE THQUSAIIIU ~IGHT .
HUNDRED AND N4/100-----_--------~----- 1h~ll:~rs !S 12, 800, 00 1, plus any advaucr~ necrssan-
<<~ protect thc securiri~ and costs, thrn this dced and the estate herc•b~• crcaterl sh.ill cease and i~e nuil and ~~oid. ~
A;~D THF ~fORTGACORS DO hereb~ cv~•enant and agrer:
1_ 'To E~y~ al) and singular the principal aud interest and uthcr s~uns nf moncy ~~•able bv virtue of s:?id pru~nica~n- nutc
,rnl thi. mortgage, ur rither, prompth• on the da~•s rapectively the ~mr sereraUy comc due_ ~
To pay al) and singolar the taxes, assessments, levies, liabilities, abligatiu~u and innimbrancrs of e~•er~• nature and kincl
,~,n~• ~m G~id d~cribed pmpert~•, or that here3fter uulv be imposecl, suifered, placecl, IPVicct, or :usesseci thereon, or that hemsher
m.~~• [k: lr~ ic~-1 or :ucess~Yl u~wn this itortgage, or the indebtedness secvre~d hemb~•, c ach aud even•, ~vhen due and ~a~•able,
,,.-~Y>r~lui~ to lat~•, bcfun: thc~~ hc~come drli~x~iernt, and I~efom am intcrest attanc~s or ant~ }~~~alty is incunrd; and insofar :u
.znv thereof is of reconi the samr shall be prompth~ s:rtisfiecl and disrh;uged of r.^c~nl and tl~e ori~inal officiat document (such
is, for iactance, the t:LC receipt or the c:stislaction i~aper offici:ilh• end~rsecl nr ceriifi~d) ~hall be placrci in the hancis of x?id
:lssocisticx~ ;~s \iortga~ee ~~-ithin ten cia~~ next after ~a~•ment; and in the e~•ent that ane~ there~f is not paid, satisfied and disehar~c~cl,
~ai~l Associ:~tian m:ir :~t :mv tin~e p:~)' tfie same or a:»• part th~•reof ~rithout ~.aiving or a[fecting an}• ~.ption, licn, equit~• or right
under or L~~ ~,rtue of this \lortgage, aiid the Itdl am~~unt of earh and everv such payment shall be immecliateh• due andp.~~:?bte
.+nd ~h:ill t~ear interrst from the ~latc thereof until ~aid at thc r.ite statrd in the notc scrurecl hereb~• and to~ethrr ~~~ith se~ch i+eter-
~~ct shall be secured b~ the lien of this ~iortgage. ~
3. To keep the buildings and all eguipment and pcraon~i Property now or herea(ter on said pmnixs cevered by this mortgage,
insueed in a sum eyual to at least dee amount of thr nwrtgaqe, or an amount suf(icient ;o c~mply with anr cai~uunnct require-
enent co~rrinR the same u~eder the lavrs ot the Statr o[ Elorida, co~•eriug loss Irom both [ire and storro, mating the laas under said
~rolieies, each and even. ~a}able to tht Asscxiatiou. as mortgagee, as its intrnst may appear, aud sa:d insunnce shall De i~? a gooci
ane3 rrsponsible insurance rompa~~v satisfactory to said :issociation, and written b~~ a resporuibk local agent satisfactory to said rlsso-
ei.~tion: ar~d the polec~• or policies shall bear a strndard mongage clausr M•ithout contribution, and, i( th~ oriRinal priucipal amount
oC the mon};aqe is Fi(t~ l~housand and no ` IINI I~Uars (550.00(?_0(1) or in excess thtreo(, stull bt htld by the ~ssociation, and, in
ehr e~ent am• sum of money becomes payable uuder such Policy ot policies, the Associuion shal! have the option to rrceivt and apply
chr same on accow~t oi the indebteciness hereby~ sc<urrd. or to permit the mortqagoa to meive and use it, or any part thertoE, !or
~ther purposes, without thereby MaivinK or impairinR ~nv cyuit}, lien. or right under and by ~•irtue o[ this mongaRe, and maY
p:ace and pa~ for such i~~surance, or auy part therrof. without wairinK or af(tcting its option to (oreclose, or any right henundrr.
and the full amount ot each and e~er~ wch pacme~~t shall be immalirtrl}~ due and payable and shall bear +nte~cst trvm th~ datt
ehrrrot until paid at the nte stattd in the noee secured hereby and togethc. with such interest sh~ll be secured by che lien oE this
~f ortgage.
-1_ To Permit, cr.mmit, or su(fer no «•aste, im~~airmcnt or drte•riur.ition of ~.~id prupert~, or any part there~E, anJ u~wn
tl~~~ failurc of t}~c mort~:~~ors to kecp the b~:ildin~s on said propert~• in Quocl a~nditiuu of repa'v, the .lssociation mav demand the
~rnmrdi~tc rc~ir of s:?id bu:ldin~s or the immctiliate repa~~rnent of the delK hercbr c~rurexl, an~l the failure uf the mortgagurs
t~~ compl~~ t~~ith said dcman~: of thc ~swci:~tKm for a~x~~i~xi of Thirtv (`30) da~•s, shall constitutc a brcach uf lhis m~>rtfia~c,
.~nd, at the ~pti~~n of the .~sscx~ia!inn, immediat~h• m:iE~~rr the ~~~~tirP amount ~f princi~~l and intrrest hereb~• seci~recl, and the
~cu~ei.~tion, immcdirtel} and w-ithoat notiee, mav institute rrna•e~~in~,c tr? f~recl~?~e thi~ m~~rt~a~e and at~~I~• (~r th~ ~~~r~~nta•tent
a Recc i~•er, as hereinaftc~r pm~•ideci. ~
This mort~age contract provides for additiuual ad~•~ncY•s ~~•hich nw~• Le made at ihe uptiun ~~f the ~cs;~ci:ition and
•crurecl bv this mort~age, and it is aRreed that in the event of sueh advanc~s the amount mav be added to ttn~ mortkaLe c~ebt
.~rul shatl incre;~se the unPaiu balance of the note hercbv secttmd bv Ihe amouni <?f such advaoce ai~d shall he a p.irt of sai~l
r~~,te indebtedn<•ss ~inder all tbe terms nf wid r.otr aud this mntraet :~s full~ as if ne~a• s+~ch nole and c~ntract ~.rre exec•ut~d •
~n~l ~lehcered. ~n .~dditinnal :.~l~~ancr as;rcrm~~~t rnat• Ix gi~•en and aereptc~l (or soch . d~~ancr :~nd pmv~siui~ ~ua~• tx• m:~de fur
~3ifferent monthl~~ ~k~rments ::n~l a di(ferent interest rate ancl other exprrss modific:itious of the amtrart_ fiut i~~ .i11 ~~ther res~x~c•ts .
~ hi; c~~ntract _sh.ill re~nain in f~dl force and c-ffect as t~~ said incle~bte;lness. incl~iz~inQ all ach•~nces.
8. If am• i~f the sums of muney herein referrecl to be nM ~rom~~tl~• and falh• E~aicl aiCltin 7'hirh• ~:31?~ days rsrit afte•r
tfK• same s+ecer~llti• c~~mr due :mc! pavable, ur if cach and every the sti~~ul.itiuus, a~nY~ment, cond~tiuns, an~l ~Yn•enants of s.~iJ
rromissory nr,t~ an~l th~s deed, or either, are nat duly performecl, cti?mplircl ith and al~icie~ci b}~, lhe JI~(f~,'3~C sum mentionecl
~n said prornist~?rv nute a~~d anc other amuunt or ame?uo~ts aduecl to thr mortga~r i~~debteclness und~r the trnns of thic rrx~rtfiage
thall becume due snd ~.~abte forthw•ith or tt~erraft~-r at tiie opiiun of the Asscx~istiun, as fullr and cYimplrtelv :is i/ ~:iid afi~res;atc
~um mn?~ev K~as ori~ir?al)v stipulatec! tn be ~„~id on such dav, an~~thing in said ~romisw?t~• n„te nr h~~re•in tn th~ ~Y?ntran• nnt-
K ~thstandiny. - -
To ekdicrr to thE~ Ascrx•iati~~n, ~u~ ur )r•fore-N:su•h lith, ~?f e:~eh cr.~r. tax r~Y~eirts evi~le•~K•io~ the ~~ayinrot uf all I.~~c-
c.:l1v irn!.~e~f t.ix~•c fns (Flf ~ttfY'C(Iltl~ c•.J~•u~l:~r ~•car; t~~ (ICII~'Pr to the• :~sscK~iatiun nrci~wc ~•videncin~G th~• rra~~me~it of ail liens
f~~r public imF~rovements rti•ithin ntnrty (fN11 days after the same shaU 1~?rne due and pa~•~blr, an~i to ~y ~x clisclw~~e K•ithin
•~:n~-ty ,I~jf1) ~la~-e aftrr du~ r~atP, anv and aN ~orc•rnrr~tat kvi~~c that rruv 1~ madr ~m tLr ii~ortLa~e~! pru~x•rtv, ~?n Ihic m~xt~.~~r
.r nof~, rn in ~n~' r,the•r wat• r~•e~tltin~ fr~~tn thr ~nurtqaRe ind~lrt~~dn~•es w~e•un•~I h~~ Ihis rtu~ttt~a~r ~
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