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Home My WebLink About1861 ~ at alt timespeucewbly and quietly ~o eutet upoq lwld, occupv, aod e.~nr~y saKl 1and; that said land is [~ce from aU encumbranc.~es; that the~ wiU make such furthe~ assurances ~o pe~fect ths fee sir~pb titb to said Wind in the As.~ociation as rr~ay reasoiwbly be ~ required; ~uxl that they do hereby full,~? wana~?t the iitb to said land aad will defend the same agui~ut the la~~~ful cluims af :?il ~erso~u whomsoever. , PROYIDED ALWAYS tlwt if tl~e 1ltortgugurs shal) wcll nnd tnely pay unb the Association. the indebtednc-ss c~~de~xed 1 by that ee~tain p~omissory note, af even dab herewitb~ made by the :~tortgagora and pa~:~ble to the A.c,aciation, in the luincipal ; 'fve - Four Thousand and no/100 ~~~;ars 24, 000. 00 ` .um of . _~Y . . . . . _ _ _ . (3 f ~.•hich note, together ~+~th interest thereon as themin s~ciEied, is p:?~•aUk in monthly instaliments oE TWO HUNDRED and 75/100 ; - _ _ . _ _ . . _ . . ~ _ . no.~rs ~a 200. ~5 _ _ ; un the 2Oth dap oE each mocith ec~mmcr?cing ~vith Jll~i--~Q.--.1~?1._.. ---.whieh p~yu~is i :?re to be :~pplied, first to interest, and the balance to principal, until said :ndebted~ess is paid in full. and sball periarm, com~ply with and abide by each and every ihe stipuLations, agreements, conditions and rnvenants of said ~xvmissory note and thu ~ moriguge, And. including any advanns made by the Association to the Iliortgagors, or their successors in titla~ for any pnrpose. at any time betore tl~e relea~se and rancellation of this mortgage, but at no time shal! this martguge secure advances on account ~ ~ ~,f s;ud originai note togeth~~r with cuch acWitiatal sdvances in a sum in excess of.__TWENTY-FOUR THOUSAND ~ . ~ and no/100 24 000 00 i - - - _ Doflars (S_ - - ~ - PhLS any adva~x~ necc~sary ~ to protect the security and eosts, then this deed and the estate ~emby created sh~11 cease and be nul) and void. ~ i AND TNE 11fOR1'CAGORS DO hereby cv~enant and agree: ~ l. To pay alt and singular the principal and inteiest and other sums of money payable by virtue of said prwnicsory rate F :u~d ihit mortgage. or either. prompHy on the days respectively the same severally come due. ' ! 2. To pay all and singulu the tazes, assessments, le~~es. liabilities, obligations and incumbrances of every nature and ldnd now on said desnibed property, or that ~~ereafter may be impose~1 , suffered, pla,.-ed, levied, or assessed thereon, or that hereaEter ma~~ be levied or assesscd upon ihis ~to~tgage, or tt,e ~.-~.-iebtedness serureci hereby, cach and every, when due and paya::'.~. :,ccording to 1aw~ before they become del'u~quent~ and before any interest atiaches or any penalty is i~urred; und insofar a?s ~ :my thereof is of record the same shall be promptiy satisfied and discharged of reoord and the original officia) document (such ~s, for instance, the tax receipt or the satisfaction paper officially enc~orsed or ce~rtified) shall be place~l in the hands of saici A~sociation as ~iortgagee within ten days next after payment; zmd in the event that any thereof is not ~raid, satitfied and discharged, said A.ssociation may at any time pay the same -or any part thereof ~vithout waiving or affecting any option, lien, equitv or righi under or by virh~e of this ~fodgage~ and the full amount of each and every such pr~yment shall be immecliately due andp~ yable :u~d shall bear interest from the date thereof until ~aid at the rate stated in the note serured hereb~ and together with such inter- c•st shall be secared by the Zien of this I?iortgage. ~ 3. To keep the buildings and all equipment and personal property norn or hetrafter on said premises tovered by this mongage. ;nsured in a sum equal eo at irase the amount of the mortgage, or an amount w(ticient to complJr ~vich any co-insunnce nquirF ~nent rnvering the same under the laws of the Swte of Fbrida. rnvering loss from both fire ati.~ storm, making the lo~s under said policia, each and erery. payabte to the Associaeior~, as mortgagee, as iu interest mar appear, and said insunnce shaU bt in a good and mponsible insunntt comp~ny satis[actory eo said Association, and written by a responsible local agrnt satis[actory to said As~o- ciatio~; and the polic~r or policies shall bear a standard mongage dau~e wi[hout mntribution, and, if the original principal amount o[ the mr~ngage is Filty Thousand and noJ100 Dollan (350.000.00)'or in euc~s thereof, stull bt htW br the Aasociatioo, and, in ~ ehe event any wril o[ moneq beromes payable under surh policy or policies, the Aswciation shall have the option to receive'~nd apply ehe umt on acwunt oE the indebtednas hereby secured. ot to permit the mongagois to nceivt and use it, or any patt thl~eof. for other purposes, witlwut thereby waiving or impairing any equity, lien, or right undtr and by vinue oE this mortgag~c. and ma~r place and pay for such insunnce, or any part th~reof: wiitlwut wai~ing or affc~cting iu opcion to [orrclase, or anr iig6t hereunder, :+od the [uil amonnt of e,ach ared every such payment shall be immedia[elY due and papable and shall bear interat [rom the date ~ ehereof uncil paid ac ehe nte stated in che noce secured hereb7 and cog~cher ~vith such in~eresc shall be secured bJr che lien of Wis Ilfortgage. To pe~mit, rnmmit, or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon the failuro of the mortgagors to keep the buildings an said prnperty in g~od cundition of repair, the Associafion ma~~ demand tbe immediate repair of said~u:Wings or the immediate re~rayment of the debt hereby secured, ;.nd the failure of the mortgagors to complv ~vith said demand of the Assoc~ation for a period of Thuty (30) days, shall constitute a breach of this mortga e, and, at t~e option of the Association, immediately :::alure the entire amount of principal and interest hereby secured, and .~ssoeiation, immediately and without notice, may ir?stitut~ proeeeclinas to foreelose thfS mortgage anci apph• for the appomtment of a Receiver, as hereinma~fter provide~i. , 5. This mortgage coniraM p~ovides for additional advances which may be made at the option of the association ancl v~cured by this mortgage, and it is agrced that in the event of such advances tl,e amount may be added to the mortgage debt and shall inere-ase tbe nn~aici balanoe of the note hereby see~u~ed by the amount of s~eh advance and shiIl be a part of saici note indebtedness under all the terms of said note and this contract as fully as if a new such note and rnntraM W-ere execatecl ~ anci delivered. An additional advanc~e ~greernent may be given and accepted for such advanoe and provision ma~• be rr~cle Edr ciifferent monthlv pa,vrnents and a diffecent ir~terest rate and other express modifieations of tbe rnntraet, but in all other mspects ~ ihis contrrd shall remain in full foroe and effect as to said 'uulebteclness, includ'ung all advances. 8. If any of the sums of mimey berein referred to be aot promptly and fully paid wichin Thirty (30) days next after ' the same severaIIy come due and payable, or if cach and every the stipulatans, agrc~ment, conditions, and rovenants of said { promissory note and thit deed, or eitber, are not duly performed, complied with and abided by, the aggregate sum mentioned in said promic~y note and any other airwunt or amounts added to the rrwrtgage indebtedness under the terms of this ir~xtgage shaIl bernme doe and pay~bk forthwith ar thereafter at the option of the Association, as~ully and completely as if said agRregat~ sum o~~ was originally stipulated to be psid on such day, anything in said promissory note ar herein to the contrarv ix~t- & ~ 7. To deliver to the I?ssociation, ~ or beFore liarch lSth, of each yeat, tax recripts eviclencing the payment of all lavr- fully im~ ta:es for the prececltRg CalCil(IAi ~+C~; to deliver to the Association receipts evidencing the payment of a!I liens for pu improvernents within ninety (90) daya aktr !he sume sha11 be~comES doe and papable, ancl to pay ar discharge within ninety (90) ad vs after due date, any and all governmental levies that rrwy be made on the mortgageci ~xnperty, on this mort~age or note, rx in any other way msultin~ from the mnrtgage indebtedness securccl by this mortgaRe. . ~ ~ - ~i93 1~9