HomeMy WebLinkAbout1336 :~t all ti:ncs ~x:aY~bly and ~~uictly to ~ti~!er u~wn, huld, ~Krupt~ and a•ur,v xud Lu~~l; tie:it s~id laud is fn~ [ru~n ull ~•ucu~ubrsncc~s:
that th~•y will m:ike such further assurances to perfect the fee simplc title to saic! Luid in the Aswciati!?n as ma~~ rrascnably Ix•
rr~~uir~K1; ai~d thut lhey clu hereby [ully wurrant the title to said fau~l a~~d il) defend the s.un~• a~ainxt Ibr L?~~ ful rLun?s of '
.;11 jx•ruu~s ~chu~nscxvc~.
~
I'lZO~'ll)E U A[.~~'AYS tl~at :F thr \iutt~;.st;urs ~hall ~vell and tn~h• p:~~• unto the :~~uk~i:?tion, It?c• i~Hii•l?t~YL?ec~ r~•ide~~crd !
h~• tl~:?t cet~tain promissory ~wte, of even date here~~•ith~ made b~• th~ ~lortga~urs anc! F~:i~•.~ble~ to tli~ Ac.a•i:~tiun, in IL~• lirinc-i~~::l }
:um ~~f TWELVE THOUSAND EIGHT HUNDRED AND NO/100- ~
-------~~~11_«S is 12, 800. 00 :
i
~~hich not~, t~?~Mlier ~~•iih intt•rest theriv~n a. theri•i~~ s~x•ciFiecl, is ~x~v.~1,l~• in inur~thh• inst;Jlmrnls ~?t ONE HUNDRED :
~
SEVEN AND 0?/100--~--------------------------------------------~-------------- ~
,
z
[h?11:~~ (S 207.0?
~~r. the 20Lh c1:~}• of e:~ch IIilN1~I1 lY?h!!11!•nciag ~vith August 20, 1971 k•hich pa~~ments '
.ur tn be :~pple~Yl, (irct to interest, :inc! tlee balance to prinrip:tl, until slid 'u~debtedness is l~:iicl in Eull, and shall perform~ eomply
ith and ubide by cach and every ttx: stipulatio~~s, agmements, canditions and rnvc-i:u~ts of said ~~mmisson• ncite and thic
mort~afie, And, i~cluding any ad~•ances made by the Associatior~ to the \tortKa~~rs, ttk~ir s~uct~~rs in t:tlr, ~(or any purpos~•,
.?t anv time belore the re~e-ase and c:~~tcell•ati~?n of this mortga~e, bt~t at na time• shal! thi~ inort~a~;e sccum advanctts a~ acrnunt
~~f wid ori~inal nute to~cthcr ~vith su~•h :~dditional ach•ancY~s in a sum in c~crss of TW~LV~ ~'HOUSA~TD ~~~_~IT _
HUNDRED AI\D NO/100-------------------- i
Uoll:?ts 12.8UQ. OU pltu anv aeh•aix~es necess:~n• :
t~~ ptutect the sc~curity aud costs, then this clced and the cstate hemb~• creattvl shall ceasc and i~ null and ~•oid. ~ ~
A\D THE AtOR1'CACORS DU hereby an•enant and agrc~~: ~
1. To pay a!1 and singular the ~rincipa~ ancl interest and utlicr sums of monry pa~•able U~~ virtue of said prumis.u~rv nutc i
.u~~l this mortgage, ur rither, pn~inpth• on the dars res f,ectively the samr. ~~rrally come due.
;
7'o pay all and singular the ta.ces, assessments, levies, liabilities, obligatio~u and inc~unbrances of even• nature and kind
n~~~r ~?u said d~~sc•ribeci pmpertv, or that hereaRer uulv be imposed, suffered, plaectl, levied, or assesseci thereon, or that hereafter '
~,,,?r be le~•ied or accesseel upun this \(ortgrge, or the indebtedncxs sccumcl hemb~~, c:~ch ancl e~•ery, when diM and ~a~•ab1e, ~
.~rror<l"u~g to 1a«•, befor~e thcy lmcori~c de•linyurnt, and l~efore am~ interest attaches or :un~ ~enalty is incurrrd; and insofar :~s
.n,v thereoE is uf recuni the same shall 1x• promptlt~ s.?tisficd an<l dischar~;ed of t:cvrel ancl tl~e ~rigin3l official document (such
is, for in~tan:~, the tax reeeipt or the wtisf~Miun ~~:~~er offieialh• endonecl or eertiEied) shali be plaeeci in the hands of s:?id
:~ssociaticx~ as ~tortga~er ~~~thin ten davs neat afte~ Ju~-ment; and in the e~~ent that anv thermf is uot ix~id, satisfiecl and dischargecl. ~
~aid Association tnav at am• tin~c p:~r the s.~~ne or any ~~art therec?f ~~itho::t ~~•aiving~or afferting a~~y optiun, licn, eyuit~• ~r right ~
nnder or br ~~rtue uf this ~1ortG.?~e, and the [~dl amuunt of e:?ch and c~~erv such pa}'~nent shall be immeKliate•h• due and [~a~•:~hle `
.ind shall 6e:u interest (rum d~e date thereof until raid at th~ rate statrcl in the note sec•urcYt i~ereb~• and tc~~ether ~cith ~uc~~ inte~-
~Kt shafl be securec] by the lien of this ;lfortgage, ~
3. To keep the buildings and all eyuipment and personal property now or hercaiter on said premises coverrd br thit mortgagt,
insured in a sum equal to at least the atnount ot ~hr n:artg~g~, or an ~mount saf(icient to comply with any co-insurance require-
ment co~•ering the same under the lawY o( the State ot Florida, co«tii~R loss trd~m ~et2~ tire and storm, makiog the loas under said
E~li~ies. ~ach and t~•try•, pa}'able to thr Associatiou. as mortgagee, a~ its interest may apptar, and said i~uunncr sluil Lc iu a go.-rd
and resporuible insurauce ~om~at~y satisfactor~ to s:iid :~ssoci~tion, aud Mritten by a resporuible local ageru utisfactory to said Asso-
c iatiorr: ai~d the policr or polic ies shall be~r a s~amlanl mongage clause M ithout cantrib~ction, and, if the original principal anoount
u( ~he monqaqe is Fifty 7'housand and no j 10t1 Ik~llars (550.000•OR) or in excexs thercoE, shaU be held br the Association, and, in
~he e~ent any sum o[ money becomes payable uuder such policy or policies, the Aasociation shall ha~e the option to receive and apply
the same on account ot the indebtedttess herrb~• secured. or to p~rmit the mongagars to rcctive and use it, or any pan thereof, for
oiher pnrpoac~s, without thereby v?ai~•inR or impairinR any eyuit}, lien. or right under and by ~•irtue o( this mortgage, and m~y
plate and pa} [or suth insurance, or any pa~t thereot, without wai~inK or at[ecting its option to torccloae, or any right hereundtr,
ai~d the full amount o( each and ecery su<h pa~•ment shall tie immcYtiatrly due and payable and shail bear interest irom the date °
ihrrrof until paid at the nte statect in the notr securec! hereb~~ and together with such interest sh~11 be rsecum!_by the lien a[ this ~
~lortg~ge. - -
~t. To permit, commit, or suffer no «•astr, im~~irment or drteric?rateun of c.iid prupert~•, ur any ~r,art thereof, and u~wn
thc failuro of the mort~Ga~ors to kecp the buildings on said propert~~ in good rnndition ~?f repair, the Association mav demand thc
irnmecliatc mjwir of said bu:ldin~s or thc imme~cliate repa~-ment of the debt herrbv secare-d, ;?nd ihe failure of thc mortgagors
mmpl~• ~~•ith said demand of the ~ssciciation for a~erial ~~f Thirt~• (30? d;~~•s, shali coustitote :t brr.?rh of this mortgage,
.~nd, at !he option of the Assaciation, immccli:~tPl~ mature the ~r~tire .:mnimt of principal and intcrest herebv securetl, and the
\cmeiation, immediately and ~~~ithout notiee, mav iiutitute proec•ctiiinac m foreclose thic mort~a~~ and applr f~r the ap~intment
~~F a Rccei~•er, as hereinaftcr pm~•i~le~l. ~
i. This mortQage cnntr.iet prc~vides for additiunal advances ~chich ma~• be made at the uE~tiun of the asweiation and
~c~cured by this mortPage, and it is agreecl that in the e~•ent of sueh aeh~ances Ihe a:nount may be aciciecl to the mortgaGe debt
.~nd shall increase the unpaid balance of the note hemby secured by the amaun~ of such advanc~e and shall be a part of sai~!
,i~te indebtecle~rss ui~der all the terms r~f said note and this coniract :s fully as if a nevt• such note and contract ~~e~re exe•cutecl
~nd ~leli~•erecl_ An additional ach•ancr a~teement ma~• 1~e gi~•en ar~d aeeepteci for sueh aclvanee and pro~~ision m~~• be made for
-lifferent monthh• pa~-ments and a different interest rate and other exprPss malilications of the contract, hut in :~il ~other respects
~his rnntraM shill remain in fntl force and effect as fo said indebtedness. including al! ad~•anees. ;
6. If anv of the sums of money herein rrferred to be not promptly and futh• paid ~cithin Thirt~• (:3t1) d3ys nrxt after ~
tt?e ~ame sererrlh• cfime due ;ind pavable, ur if e~aeh and even• the stipulatHn:s, a~riY•me•nt, c-unditions, anJ cY~venants oF s:iicl ~
Promissory note and this deed, or either, are not duly performed, romplied v~•ith and abidecl uy, the aggre~ate sum mentionea~ ~
in said prom:cwry note and am• other amount or amounts added to the mortga~e inciebtedness under the terms of this mortRa~e ;
sha0 become due :md pa~•zble Eorthv~~th oT thereaf!~r at the ~pticwn of the Association, as full~ and completefv as iF said ag,~regatc• '
~um oi monev ~~•as orig+nally sti~u~ated to be paid on sirch da~•, an~ihing in ~aid pramissorv note ~~r he~rein tn th~ rnntrarv r.ot- j
ithstanding. " " " ' ,
To delivrr !o the Association, on or before ~larch litb, uf rach ~•ear, tax receip?s evidt:ncinR the pa}~nent uf all l:.H-- ~
fnllv im~ec1 taxes for the precrclin~ ~il~ndar ~•ear, tn deliver to thP A.uociatiun reccipts evidencing the ~ayment of all liens ~
fnr jwb
il'c impro~•cments w•ithin ninety (J(1) ci,ays after the same shall hcrnmc due ;u~d payable, and to p~y or disc!?argF within ;
ninrty (9()) da~~s after due date, any and a11 t~overr~mental kvies that mav be madc~ on the mortg.~ee~ property, ~m lr?i~ mort~a~t~ ;
~~r no~e, or in an~• ~~ther w••rv r~ultin~ from thr murtgage in~lebtc~clnrss serureYl h~- this mortQa~t~. ;
~
eooK 1y4 13~ $
. : - - -
_
.t