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Home My WebLink About2548 .~t aU timcs pcacti~bly ,u~d q~ucd~ tu cnter u~wu, tK?Id, ~xrup~~ ui~d ~~yu~~ ~~~i L~nd; ilr.it saiJ lau~l is f~~ti fcu~n ali ~•ucun~br:uices: th:it thry wiU make such furthcr auurances to pe~{oct the fee simplc ~it!e to said land in thc Asxxi:~tiun as mav rrawnably lx• rev~uind; and th:?t they do hereby [ully wa~nt the title to s~id laud :u?d ~~ill clefrnd the .ame :~s;:?in+t th~• L~~~•f~~l rl.~in~s .~f .;Il ~x nuns_ a•hu~nsoever. PRO\'IDED AL\1'~1S th:~t iF il:c \lurtgas~urs sh.~ll ~vcl: :u~d 'n~iv ~~:?v uutu thr A±,c?c-i:~ti~~n, tl~~• iu~lrbt~vine~< <•vidry~~tixl 1,~~ thut certuin pmmissory note. of e~•en date here~~•ith, made bv the \lortg.?gors :~nd ~x~~•.~ble ~to the a.uK•i:~tiuu. in th~~ rriuc•i~~:~l TWENTY ONE THOUSAND ONE HUNDRED AND NO/100---- 21,100.00 .um of I~~II:~n ~ 4 1. .~hich note, to~ether ~~•ith interect thercr?n as therein six~rific~cl, is ~xi~~.ibl~• in m~~nthlt~ instalhne~ntc of H~DRED SIXTY-TWO AND 87/100ths--------------------------------------------------- th,l1:~~ ~ S 162. 87 1. ~n? the 15th~ d~}• of rach nwnth ~vm~nrnciur ~vith Septexnb~r.15~ ~,9~_~ _ N•hich pa}•ments .~rr to tx~ :?pplied, first to interest, and the balance to principal, u~~t~l said indrbtrdness is paicl in ftdl, and shall perform, eomply ith and abide b~ each and erery thc stipulations, agmemeuts, a~~n:itio~u and a~~•e~iants of said promicson• note and thi. mort~age, And, including any advances made by the Aswciation to the ~tortgaGors, or thcir succesuirs in titlr, ~fcx any purpose, at anv time before the mlr.ue und ranccllation of this mort~*u~e, but at no timr shall this mortgu~e srcure advances a~ acrnant ~~f suid ori~inal note togethe~r ~vith cuch .idditioual advance•s in a sum in exmss oE.._TW~NTX .QNE_ THOUSAND__ _ : ONE HUNDRED AND no/100ths---------- ~~~~;in ~s 21, 100, 00 1nv aclvances necess:?n• s t~~ prutect the security and casts, thrn this deed and the estate hcrebr crcat~~l sh:ill ce~asc and be null and ~•oid. i A\D THF. \[ORTCACORS DO hc~eby ~v~•enaut and a~ree: ; ; 1. 1'o Euy all anci singular the princiEul and interest and ott?er sums of muney p:?~•:?ble bti• ~~irtue of s:~id prumisa?ry note = ~t~~l thu mortgage, or rither, prompdy on the da~s respeMively the s:?me u~•erally come due, : ~ f 2. To pay aU and singt~lar the taxes, assessments, levies, li.~bilities, obli~atiu~u and inaunbraucrs of even~ i?ature anci kind n~,~~• on said described pmpert~•, or that hereafter inav be imposed, suffcmd, pl:~ced, lrviecl, or :usesseci thereon,~ or that hemafter ma~• be lr~•iccl or assesseci uiwn this ~tortgage, or the indebtedness secured hemb~•, each aud everv, when due and pa~•able, ~ .~crord'u~g to la~~•, befom theY ~me delinqurnt, an~l before am• interest :11~1CF115 or anv peoalty is incurmcl; and insofar as ~ .~u~• thereof is of reeurcl the same shall be p~om~Hly ~tisfied and disrhar~;ecl of r~re1 and th~ original o[ficial dcx•oment (surh ~ is, for iactance, the t1x receipt ar the wtisfaciion pa~x'r officialh• endorsed or certifiecl) shall t~ placrcl in the hancls of said ; :lssociation as ~lort~agee ~~ithin tcn davs next a[ter jxl~~rnent; and in tl~e e~•ent that anv themoF is not l~:~id, s.ltisfied and discharged, ~ .aicl Association cna~• :?t anv time p:?~• dis same or am• p:i.*' thereuf ~.~thout ~~•ai«ng~or affecting an}• uption, lien, ec~uih• ur right < i~nder or b~• ~~rtue uf this \tortga~c, and the (ull amuunt of e:~ch and everv si~ch pa~Tnent shall be immediatclv due and pa~•ablc ; :~nd shall bear interest frum the date thereoE until paid at the r.~te stated in the n<ite sec•ured hereb~• and to~eth~r ~~•ith such intcr- ~ ~~st shall 1x srcuretl by the lien of this ~iortgage. 3. To kcep the buildi~tiqs and all equipment and personal propert~ now ur herea[ter on said premises covered by tt~is mortgage. i~?wred in a sum eyual to at Irast [he amount of tl~e mortRage, or an amowu su[ficient to comply with any co-i~uurance require- mrnt co~~ering the same under the lawz of the Statr ot Elorida, coceri~~q loss trom both (ire and storm. making the loss under said ' jwli~irs, each ar~d e~-ery. payable to the Aswciation. as mortgagte, ac its intrrt~st may appear, and said insunnce shall bt in a good ind respousible insurance compam~ satufactor~ to s:+id Association. and written by a respo~uible loc~l age~u utis(actory to said Asso- j ei.~tion: and the policy or policia shall bear a sc~ndarcl morcgage clause without contribution, and, it the original principal amount o[ the monKage is Fitty 7~housand and no;' Illll l~llars (550.000.00) or in excess chereo[, shall be held by the Association, and, in chr rvent any sum of money becomes pa~~able uuder such policy or policirs, the Association shall ha~•e the option to recei~•e and apply thc came on account of the indrbtcitnrss hereb} secured, or to permit the moreRagors to rtceive and use it, or any part thereof, for acher purposes. Nithout thereb~• waivinK or impairinK any rquit~. licn. or right under and by ~•irtue of this mortgage, and may place and pay for such insura~ue. or an}• part themo(, r~ithout wai~inK or af[ecting its option to (oreclose, or anp right herrunder. ~ .uid the [ull amount of each and ccer~ such pa~ment shaU I~e immrdiatcl~ due and payable and shall bear interest [rom ~he date E thrrrot until ~aid at the rate stateel in the note securecl hereb~• a~:t together wid. such interest shall be secured by tht lien oE thit E ~lortgage. ~ To rermit, cc:mmit, or suffer no ~~•aste, im~irmc^t or drterior.ition of uid prupert~•, or any ~kirt thereof, and upon tf~e failuro o( the m~~rt~a~ors to keep the buildin~s on said propert~• in gixxl crmditiun c?f repair, the As_cociation mav ~letrand the immediate re}kiir of s;?id bu;ldin~s or the imm~~ciiute m~«nent of the debt hereb~• sec•urc~l, anJ the failure AF 1~1F mortgagors - t~~ compl~• ~~•ith said demand of the Association for a Peri~xl oE Thirt~~ (30) d:~~'s, shall constitutr breach of thic mortfia~e, - and, at the optian of the Association, immecliateh• mahir~ the entire amount of principal and interc~t hereb~• secured, and the ,~c~oeiation, immediately and ~~•ithout notic~e, mav institute proeE~iin~c t~ f~,rec•lose thi~ m~?~t~a~e and :ipph- for the apFx»ntment :+f a Recei~•er, as hereinafter prrn•iderl. ~ S. T6is mortgage rnntract provides for additiunal :1U~3111Y'S ~•hic{? m~~• l~e made at the uption ~~f the :lSS(xGi~l00 and ~FCUred bv this mortgage, and it is agre~d that in the e~•ent of such a<l~~snces the a:nount may be addc~cl to the mortj{a~e debt ~ :u,teShdebtecl ~he~unpaid~b~~e,rms nf wulnnot hand~th~contraMV ahfull~as~if a n whsuchancCi e ancl Scontr.be ~ere e~ ~c~~ecl ~n~l ~leli~~ered. An additional ad~•ancr afirec•ment mat• be Gi~•~n aod accrpted f~r such aJvanee and pro~~ision may- lx~ made for ~ ~liffen~nt monthh• pa~•ments ::n~l a diffrrent interest nte and other express malific~tions of the contract, but in all other respccts $ :hi: rnntr:ui shall remain in fall forc~e and cffect as tn said indcbtedness, including al) advances. ~ ~ 6. If am~ ~f the sums of muney herein referred to be not prom~th• and fidk paid w•ithin Thirty (30! days nr~t a(tcr ~ the same se~•erallti• rnme due ~nd pa~•able, or if each and e~•er~• the stipulations, aoree~ment, rnnditions, and coven.ints of said ~r~~missory note and thiS deed, or either, are not duly performecl, a?mplied w•ith and abided by, the aggregate sum mentianed ~ ~n said prornis.orv note anci am• other amount or amounts addecl to the mortga~e indebtedness under the terms of this mortGage ~ chall beoome due :md pa~-~ble forthwith or thcreafter at the optH~n of the Association, as full~~ and rnmpletely as if said a~~re~at~• ~um of monev ~~•as ori~inallv sti~ulated to be paid on s~~ch da~•. a~~~thin~ in said promisuirv n~te ~?r herein to thc contr.~rv not- ~ ithstanding, ' ' - ~ To deli~~er to the As~ciatiun, on or before ~tarch 13th, of c.~ch ce.~r, tax receipts evidencin~ the j~a~Tnent uf al) laN- ~ f~~llv im~x~sed taxes for the ~recYYlin~ cal~nclar vear, to Jeli~•er to th~ Association rec^ipts e~•idencin~ the pa~ment of all liens ~ f~~r public impro~•ements w•ithin ninety (90) da~~s aftrr the s.~me shall hccomc due and ~vablc, and to ~y or dischar~e within •~:nety (90) da~~c a(ter doe date, am• and all ~;o~•cmmental kvics that mav be made ~m the mort~aQecl pruperty, on thic mort~a~e~ ~ ~r not~, or in am• other w•a~• r~sultin~ fr~m th~ m~~rt~ase inde}~tedness cecurcYi ba• this mortQ:~¢r. ~ ~ ~ ly4 ~47 ~ _ _ _ . - .