The URL can be used to link to this page

Home My WebLink About1853 at all timesp~ ceably and quietty to entet upon, }wld. occupy anJ rnjoy saxl l:uicl; tbat said WnJ is fcc~e from all encumbrwiccs; that they will make such further assun~tioes ~o pecfect tt~e fee simple titb to ~id land in the Associatiw~ ~s may reaso~,abty bc re~jui~ed; aad that they do hereby fully warrant the title to sa:d land and ~vi!! defend tho same agaiiut tl~c lawfu) CI:1U115 OI ~Il penau ~.homsoever. • PROVIDED AL~t'AYS that if the I~lortgagurs shall weli and tnely ~ray unto thr Associ.~tio~, the isdrbttYlness evidenced by that certain pramitsory note, of ~wen date he~+ewith. made by the 4fortgagors a~d pati:~ble to the !?ssociation, in the rrincipal ,~~m ~ _,FOURTEEN_THOYISAND FOUR HUNDItED ~]tld no/10Q pr,ll;us (s 14~ 400.00 ~ ~~~hich n~te, together with interest the~eon 1s therrin specified, is ~~:?yable in mc?nthlv installme~ts of ONE HUNDRED TWENTY and 46/100 ~ no111rs .120. 46 . . on the . 2Q~1__ day ot each mo~nth cummencing with. ..dLll,y_2Qs---1~3.1.--•-------.---------- - --..which payments ; :u~e to be applied, fiTSt to iaterest, aad the balance to principal, unW said indebtedness is paid ia full, and sball perforn~, t~p}y ..~th nnd abide by e~ch and every the stipulations, agreements, co~ditions and covenants of said ~missory note and thic mortgage~ And, iacluding any advanc~ made by the Association to the Mortgagors, or their successois in titla, for any purpose. at anv time before the release and cancellation of this moztgage, but at no time shall this mortgage secure advances an account of said original note cogether with such udditional advances in a sum in excess ~_FOURTEEN THOUSAND FOUR - HUNDRED and no/100 .~1~~ 14, 400. 00---), pleu any adva~x~s necessan . - - to p~tect the security and costs, then this deed and the estate hereby created shail cease and be nul) ar?d voici. AND THE I?tORTGAGORS DO hereby cv~•eoant ancl agree: 1. To pay all and singula~ the principal and interest and other sums of money p:~~~abk by virtue of said pmmicsory notc ancl this mortgage, or either, promptly on the days respectively the rame seveially come due. 2. Tu pay all and singulu the t~uces, a~nents, 1e~ies.liabilities, obUgations and incumfuances of every nature and kincl now on said d~cribed p:~~erty, or that here~after may be im , suffen~ci, placed, levied, ar :usessecl thereon, or that hereafter may be levied or a~.*d upon this 1?~ortgage, or the n~d~ ednexs seru~d hereby. cach and every, ~vhen due ar.d prayabk. :,cconding to law, before they become delinquent, and before any interest attaches or s?nv penalty is incurred; and 'uuofar :u ~ .wy thereof is of record the same sl~li be promptly satisfic~d ~~d ilischarged of record and the original official document (svch { ss, for it~tance, the taz reoeipt or thc satis~action ~xaPer officially endoised or oer#ified) shall be placed in the hands of saici 4 Association as \foctgagee withu? ten days next after ira~znent; a~~d in the event that any thereof is not }xiid, satisfied and discharged, ; said Associatioa may at any time pny the same or any pazt thereof ~otittwut waiving or affecting at~y option, lien, equitv or right under or by vimie of this 'lfortgage, and the full amount of each and every such payment shall be immecliateiy due andpa yable and shall bear interest from th~ date thereof until paid at the rate stated in the note sen~rec) hereb~ and together with such u~ter- est sha1l be secured by the lien of lhis Morigage. ~ ' 3. To ketp the buildings and ali equipment and personal property no~v or hrreafter on said premisa covered by this mortgage. ~ ir~sured in a sum equa! to at leau tiio amount o( the mottgage. or an amount w[ficirnt to c~omply writh any eo-insunnct nquitr- ment mvering the same under the larrs of the Sute o[ Fbrid~. rnvtring loas From both [ire and storm. mating the loes upder said policies, each and tvery, parable to the Association. as mortgagee. a~ its interest may appeu. and uid intarance st?sll be in a good and responsibk insunnce companr ucisfaceory to said Asso~ciation. and wricten br a respontibk lxal agene satisfactory to aaid As~o- ciation; and the policY or policia shall bear a standard mongage dause without mntributic~n. and, iCitia original principal amount oE the mortgage is Fi(ty 'I'housand and noJ100 Dollan (~50.000.00) or in excas thereot. shall be held br the Associacion, and, in ehe e~ent any sum o[ monep brcoena papable uoder such polic~r or policies, thc Association shall ture the option to receive and apply the same on acaount of the indebttdnps henby secared, or to permit the mortgagon to receive and use it, or any part thetcof, for other purpoacs, rvithout thereby ~raiving or impsiring a~y equitr, lien, or right under and by vittue of this mortgagt. and may Qlace and pay tor such insurance, or any pan thereo[, wit}~ut waia•ing or af(ecting its option to [or~clase, or any right hereunder. and the [ull amoun[ of each and every such pavment sha11 be immediatdy due and payabk and shal) bear snterat from tNe date ehereof unW paid at ehe nte stated in the note secured herebr and together ~rith such interest shall be secured bY the lien oE this rtortg~ge. _ To pertnit, eammit, or suffer no waste, imp~innent or deteriorati~n o# said }xoperty, or .~ny part thereof, and upon ~ the failuro of the mortgagors to keep the buildings on said propert~ in good condition of repair, the 4ssociatiore may demand th~ immediate repair of said buildings or- the immediace n~ayment af the debt hereby secund, an~ the failure of the mortgagors to complv ~vith said demand of the Auociation for ~period of Thirty (3Q) dsys, shall mnsiitute a breach of this mortgage, and, at t~c option of the Association, immediatelv mahrre the entire amount of principaZ and interest hereby secured, and tbe Association, immediately and without notice, may institute in+oc.~cedin;s to foreclose this mortgage a.-~d apph for the appointment ~f a Receiver, as heteinafter pmvided. S. This mortgage eontract [xovides for additicxud advunces ~hich may be awde at ttie option oE the association and ~ecured by this mortgage, and it is agreed that in the event of such advances the air~unt may be added to the mortgage debt and shaU increase the unpaid balanoe of the note hereby secured by the amount of such advance and shzll be a part of saicl y nnte u~debtedness under aII the temu of said note and this contrart as fully as if a new such note and contract ..•ere e:rcuted a :,nd delivered. M additioaal advance agreement may be given and accepted for such advance and provision may be made far ciifferent monthlv payments and a different interest rate and other express tnodifications of the rnntract, but in a11 other respects ihis contr3M shall remain in full fon~e and effeM as to said indebteclness, includin~ a8 advances, t 6. lf anv of ihe sunu oE mu~~+ herein ~fFrrcd Lo be sni gromj~tly and fullv paid withi~ Thirty (30) days next aftcr ~ the saate severally onme deie and payable, or if each and every the stipulations, agreement, conditions, and covenants ut a:~icl promissory note ancl ihis deed, or either~ are not duly perfotmed, complied with and abided by, the aggregate sam mentioned in s~id promusory note and any other amount or airwunts added to the mcntgage indebtedneu under the terms of this mortgagc shaq berome due and pav~ble forthwith or tl~creafter at che opti~xi of the Association, as fuUy and compktely as if said aggregate sarn oE money ~vas original}y stip~lated to be paid on such day, anvthing in said promissory note or herein to the contrirv rat- wit}utan~ling. . Tu deliver to the Associatian, on ac before ~i~~h isch, of each ye~ar, tax rec~eipts evidencing the pnyment of all lavr- FuDy im~OSCd taxes for the prececling calenciar year; to deliver to the Association receipts evidencing the payment of aU liens for publ~c ~m[xo ts within ninety (90) days aker the same shall t~came due and payabk, and to pay or disc}~rge within ninety (90) davsvaf~Mr dve date, anY and a!1 governmentsl levies that may be made on the mortgageci properly, on this mortgage - or note, or in any other way resulting fram the mortgage indebtedness sect~red by tttis mortgage. ~ r' ~ - ~ ~i9~3 ~