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Home My WebLink About2492 • . .~t all timcs pc.~~~:?bly and c~uietly tu ~ti~ter u~wu. M~Id, ~xrupy :+u~l ~•nj~?~~ sa~d (.~ud; tlw?t x:~id 1:?ud is fr~t Gum all 191C111~1I1f:?DCY'S; th.~t ~}xv will muke such futthc~ assutsnccs to petEect the Eee simplr title ta said lancl in the A~wci:ition as mav rrawnably IK• rryuin~l; arxl tl~at they tlo hereby fully NII[i"1D~ ~ tl~IO ~O S~III Iaud and ~~ill def~~nd the s:?nx• :~~;aii~~t th~• 1.~~~•(ul ri.~iius ~~f .:I) ~x•rW~nc ~~hutns~x~~•rr. PNO\'IDED AL\\'~YS th:d i( th~• \lurt~.~}~urs ~hall ~~•ell and tn~ly {~:?v imto tt:~~ :~.ux•i.dion. Ih~• iu~l~•bt~vlucss rvid~~n~r~l hv that certain promissory ~wte, uf even ciate here~~•ith, made bv tlx~ \tortga~ors and Is~~~:~{?1.• tc~ tht• A..~K•ialiun, iu thi• ~xini•i~~:~l ,,,,n ~~IXTEEN THOUSAND EIGHT HUIVDRED AND NO/100ths------ ~~,Il:in ~s 16, 800. 00 ~~hic1~ twte, to~ethe~ ~vith interr.t thec:Y~n as then•iu s~w•cifi~~l, is ~~.i~'al?k• in munthh• inst:~ll~nents ~~t ONE HUNDR~:D FORTY AND 53/100ths-----------------" Ik?Il:~r~ ~s 140.53 ~ia: sttl day uf e~a~h ma~d~ ~~~n?nx•nci~~g ~~ith SePtember 6, 1971_ Nhich paymcnts t .~re to !x applicd, first to inte~est, and the balanc~ to principal, ~uitil said indcbteciness is paid in (ull, and shall perfortn, comply ~ ~.~ith and ubide by e.ich and every tlx: stipul~tiuns, afimements, conditH~ns and a~venants of said promicson• note and thic j inortga~Ge, And, including any advances made b~• the Association to the \iort~agors, or th~•ir sum~ssors in titlr, f~x any purpose, i .?t anv time before the relrase and r.tncellatiun of this mortt;age, but at no time slsill this mortga~;e secure advances on account ; SIXTEEN THOUS~ND EIGHT i vid ~xi~inal oote t~~;ether ~~•ith ~uch additional ad~•ancc•s in s~~m in excess of ~ HL'iVDRED AND NO~l00ths-------------------t~?llur~ (S 16~ 800. 00 ~~~u anv advance~ nece~ss~n• ' prutect the securit~ and ct~sts, then this dcrd and the estate herrb~• crc:~tc~l ~h:~ll cease and be nuq and roitL ; i A\D THF. \tORTCACORS DO hereb}• cu~•enant and agreY-: ~ s I. To }u~ all and ~a~gular the principal and interest and other sum. of muney pa)'.?b1c b~' virtue of ~id promia«~n• notc ~ .~t~~l this mortgage, or cither, promptk on the da~s respectivel~• thc same ~c~•erally come due. { - t To pa~ all and sin~ilar the t:uces, assess~nents, le~ies, lizbilities, obliRatio~u and incumbrancrs of e~•en• nature ancl kinel j ~ on sa~d d~-scribed pmpertf, or that hereaEter ~nav be imposecl, suffered, placcd, lrvic~ci, or assessed thereon,~or that hereafte~ ma~• be le~•iccl or acseca~cl u~wn thu ~lortg~ge, or the indebtedness secured hereb~•, exch and e~•en•, ~~•hen due and ~a~•ahle, 4 .«Y~oreling to l:n~•, bc[om thev lxrom~ delinqucnt, and I~efore an~• interest attachcs ~~r anv penalty is incarmd; ancl iasofar :u ~ .~nv thereof is of rec~?n~ the same shall be prampth• satis(i~d and disc•hargecl of r;~vrcl and tlie original oEfici.~l document (snch 1 ,c, for instance. the tax recci4~t or the satisfucticm ~x~per offici:ilh• endorsed or ceriifieci) shall tx~ plaaYi in the hamis of said ~ ~scociation as \tort~a~ee ~~ithin ten da~s next after ~~:+~•ment; and in the e~~ent tFwt anv thermf is not ~x+id. satisiied and dischargc~cl. ~ .aid Ass~xi:ition ma~• :?t anv tir~e pa~• tl~e ;a~ne or an~• (k?rt th~•reof ~~itlwut w•:ii~zng or affecting .~n~• option, lien, eyuih• ~?r right ~ ~~~ider or La• ~ictue uf :his \tort~~~e, and the (ull amuunt of t•ach and e~•en• such ~u~•ment shall be immeYliatclv clue and ~t~-:ible ~ .~nd shall bear interest fn~m the date thereof until paid at the r.ite stateci in thP note sec•urecl hereb~ :u~d M~ethPr ~~•ith sueh inter- ~ r~t shall t?e sccumd bv the lien of this \iort~age. ~ ~ ' 3. To keep the buildinRs and all cyuipment and penonal propert~• now or henatter on uid ptemises covered by this mortgage. ~ ~ ~nsured in a sum equal to at least tht anwunt o( thr mortgaqe. or au amount su([icient to comply with any coi~uunntt trguire- , ! m~•nt co~erinR th~ same undcr the laws o[ che State ot Florida, co~•eriuR loss (rom both fire aod storm. makmg tht tass under said ~ ` FK~h~irs. each and everv. pa~able W tht Association. as mortgaget. aa its interest mav ~pptar. and said i~uunnce shall bt in a good ~ ( :~nd rrsponsibl~ insurance compam satisfauor}~ to said Associuion. and written bv a resporuible local agent satis[utorJr to said Asso- ~ I ~~.~tion: and th~ policv or poliiies shaU bear a sta~idarci mortgsge clause Ni~hout contribution. ~nd, i( the oriqinal principal amount , I c~f the mortK:~Ke is Fi(t~ '1-housand xnd no ~ 1(MI l~ll~n (550.000-00) ur in excest thereof, shall be held by the Auociation, and, in ~ ~hr r~rnt an) sum ot mon~v becomes payable under wch policy or polic~rs, the Association shall ha~-e the option to retei~~e and apply ; thc same on account of thr indeGtc~nrss hereb}• xcured, or to ~xrroit the mong~gors to receia~e and us~ it, or anY p~rt thercof, for uehrr pur~OSCS. v?ithout thereby r~ai~~inR or impairing am equit~•. liere. or riRht under and by ~~irtue o( this mortgage. ~nd may ' ~ ptace and pa~ [or such insuran~r, or ~n~~ part thrrcr(. without wai~inK or at(tcting its option ro(oreclose. or ~nv right hert~nder. ' :+nd the [ull amount o( cach and even• sueh pa~ment shall t?r immrdiatrh due and payablt and shall bear interest (rom tht datt ' chrrrot until paid at the nte stated in che uotr srcuml hereb~ and together with such interest shaU be secured by the lien o[ this ~ ltortgage. ~ -i. To permit, commit, or sidfer nu ~.:iste, im~~innent or drteriuratian of .aid prupert~~, or .iuy part thereof, anJ u~x?n s cl,r f3ilure of t!tic mortfia~ors to kecp the buildin~s on s.~id proprrt~' in guod conditiun uf re~~.-+ir, the Association mav demancl thr ; 4 ;•nmedi:~te re~~ir c?f said ba;ldin~s or the immcYliate mpa~~ment oE the delK hereb~• scrur~tl, :~n~l the failure of the~ murtgagors ~ t~~ comph~ ~~~ith said demand of the Assc~ciation for a reri~rci uf Thirt~• (30) d:~~~s, shsll coustih~te- hrr.~ch of this mortfia~e, ind, at th~ opti~~n of the Association. immecliateh• mat:~re the entire amount of princi~l and interest hereb~• secure~cl, and the ~ ~,uiciation, immedi:~tely and wit}K,ut natim, mav instiiute proc.~edinoc !s~ forecloce thic m«rtfia~e and 3pph• fnr the appc~intmrnt a Hec~ei~'er, ac hereinafter pmvide~. ~ ~ 5. This mort~age contract provides for additiunal advauc.-s ~~6i~•h uk+~' be made at the upt~iton of the assocc~tion anJ ' ~ .crumd bv thic n:art~age, and it is agreed that in the e~•ent of such ach-ance~s the a:iuiunt may be :1LL(~tYI ~(1 ~~lt IIl(11't~:1~P ~t~ ~ ~s~d shall increase the unpaid balance of the note hereb~• sec~ueJ b~• t}?e amow~t oF such ~ci~•ance und sh~ll 4x~ a~rt oE saicl ~ ~ ~;~~te ir~debteclness under all the terms ~f said note.and~this cYmtraM as Eull~• as if a ne~• such nMe and contract ~~e~re ec~Y•utcY! ~ ~ ~ncj ~ieli~•ered. An .idditional ael~~ance a~reemc~~t raa~~ 1,e gi~•en aud acceptecl f~~~ such advance and prv~•isum uw~~ be m.~de for ~ ~ ~{~ffrmnt monthlv pa~tnents .:nd a diffetent interest r~te and other rYp~ess mcxlifications of the cun+ract, but in :ill other resPec•ts ~ ~ :h~s cYmtrzct s}~.?Il remain in fu11 Eorte and efh~et as t~~ said indrbtedness. including all ad~•ancec. ! 6. If anv of the sunu of money herein referred to be not promptl~• and Euli~• ~i<i ~~ithin Thirt~• (30) days nrtt aftrr i r~ thc• same se~~cralk rnme duc :?nd pa~ablc, or if rach and every the stipul.?tions, a~rc~•ment, conditions, and ctin•en:mts nf s+id ~ ~ rromissory note au~l this deed, or either, are not duly performrYl, cY,mpli~cl w ith and :ibidecl hy, tF~e aggregate sum mentioneci i ~ in said promisW~n• nute rnd am• other arrwunt or amounts addeci ro the mortQa~e inclebtedness under the tcrms oF this mortgaRe ~ ~ shaU beeome due and pav~ble forthw•ith or themafter at the optiun of the Associ~tion, as fulh• and compktelv as if ~aid aR~rc~atr ~ ~um of munev w~ac originalh• stipulated to be paid on such da~•. am~thinQ in said pfomisson note on c~rein to th~ nwitrrn• n~N- ~ •.ithstanciui~. . . - ; ~ _ ~ To delivrr to the Asuxiatiun, ~~n or befnre ~tarch l~th, cach ~rar, tax recripts evKlrncing the pa~Tnent ~if ail law- ~ ~ ':~Ih• im(x~i taxrs for the ~nereYliie~ c.~len,sl.~r ~•ear; to deliver to thc~ A~u~ciati~m rece•ipts r~•idenring the payment of all liens i t~~r ~~wblic im~ro~•rments w•~thin ninety ( 90) days after the same shall hecome d~u~ and ~a~•able, and tu ~y or discharRe within ~ ~ •~mrtv (901 da~~t after due ~te, anv and all {{ovemmrntal levies that mav be mad~ ~?n the ~rwrt~a~ed propertv, un this rr~irtFa~i~ ; ~ ~r note, or in am• other w•-rv n•sultin~ fr~rm thr ~iNrrtRa~e inciebtedn~~ss seruuYl b~• Ihis mortQaqe~. ~ ~ ~ ~ ~ 1~ ~ ~ _ 6001~ ' ~ - - _ _ . ~ . . . - , . _ :