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Home My WebLink About1869 ~ 1t aU times~a ceably and quiedy ta c,~tcr upc?n, hoW, occupy uud a~r~y saal I:u?d: that ~:?id lanJ is (ree Etum aU c~~cumb~nces; ehut ~hey will ma1~e such fuKh~ assuta"oe+ F° P°~f°d fee simple titb to said lat~d in the Aswciatia~ as ~n:ry reaainably Uo r~~,;red; and cha~ chey do hereby fully wam~t ~,e a~le eo sa~d ~:u?d und wJl deEcnd the samo against the !:?~~dul clainu o[ . :ill pc~scH~s ~vlx~a~soevcr. ` PROYIDED AL~VAYS thut if the 1~lortfiugon shall well and tntly pav unto d~e Asscx•iation, the indc:bted~K~sc evideuced ' by that certain promissory note, of even cLte herewitb. made by the \todgagors and p:?yuble to the Ascociulion, in tl~e prinri~xil ~ FOURTEEN THOUSAND FOLiR HUNDRED and no/100 ~a 14, 400.00 ~ ; :um of . . • - ~ ~vhich note, together with inte~rest thereon ;u therriu speeiEieci, is ~?~:~ble in mcmthlv installinents of ~~-H~DRED TWENTY and 46/100 - nol~.~rs (3.120.46 - on the 2O~'1 day of each month cummei~cing ~~~th July 2.Q~__19'll_.. which p~yments : .?re to t~e :?pplied, first to interest, and the balance to principal, until said indebtedness is paid in fuU, and shall pezform, oo~ply ~ u~ith and ab'~de by each and every tha s~~ tions, agrcements, conditions and covenants of said psomissory note and thu i mortgage, And, ;ncfud~g-any advanc~es ma~by the Auociation to the Modgflgors, or their succes~ors i~ tiilr, for any purpose, at any time before the mlease and ca?ncellation of this mortguge, but at no time shall thic mortguge secure advances on account of raid original note togcthet with cuch additional advunces io a sum in e:cess of._F~7~T~~iN--~QjI_S~-~LD.FOZjR HUNDR.ED ~nd no/100 14 400.00 ~2~ _ Dollars (a - - plat any advanc~es necessary - - - - - . to ~uotect the security and costs, then this deecl and the estate hereby created shall cease and be null and voi . AND THE ~10RTCAGORS DO hc~eby cvvenant and agree: ~ 1. To pay all and sin~ular the pri~x~p~1 and interest and other sums of money p~yable by virtue of said promisson• notc i .~n~i this mortgage, or either, promptly on the day~s respectively the same severally rnme dae. ; E 2. To pay aD and singula: d~e taxes. a~s~nts. le~?ies> liabilities, obligations anii ineumbrances of every nature and kincl ~ noH ou said d~cribed Pt'°I'erh'. or th~t hereafter ~nay be imposec1, su(iered, placed, levied, or assessed thereo~, or that hereafter ~ may be levied or asses9ed upon this M~igage, or the indebtedness securecl 1~ereby, cach and every, ~vhen due and pay~ble, ~ :.ccorcling to law, before they b~.rome delinquent, and before any interest attaches or :u?v penalty is incurred; and insofar .u ,uiv thereof is of record the same sl~ll be prompdy s:~tisfied und discharged of record anii the original official document (such as, for instance, the tax receipt or the satisfaMion paper officially endorsed or certified) shall be piaced in the hands of said ~ssociatia~ as ~tortqagee v~~thin ten days ne:t after payment; and in the event that any ihereof is not paid, satisfied and dischargecl. said Association may at any time pay the same or any part thereof ~~ithout waiving or af[ecting any op:ion, lien, equity or right under or by ~~rtue of this ~tortgage, a~d the [ull amuunt o'r r.+ch and every such payme~t siialLbe immecliately due andpa yable and shatl bear intemst from the date thereof until paid at the rate stated in the nole secured hereb~• and to~ethe~r with such inter- est shall be secuied by the lien of lhis Iliortgage. 3. To kcep the buildings and all equipment and penonal properq now or herea[ter on said premises eovered br thu mort$age• i~uured in a wm equal to a: least the amount of the roongage, or an amount su[[icient to complY ~rith any eo-ins~rantt require- ment covering the same under the laws o[ the State of Florida, coveri~ lass trom both fiir and storm. making the loa under said policies, ea~h and every, papable to the Associuion. as mortgagee. as its interest mar appear, and said insunnce shall b~ in a gooc! ' and responsiWe insunnoe companr utisfaceory to said Association, and written by a rapons~bk iocal agent satis[acwry to said As~o- ~ ciacion: and ehe policy or policia shall bear a sandard mortgage clause without mntribution, and. if the original prinapal amount oi the mortgage is Fitty Thousand and no/ 100 Dollan (f 50.000.00) or in excas thertof, shall be heW b~r the Asaociation. and. in ~ the e~•ent any swn o[ moner bec~omes papibk ander such policp or policies. the Auociation shall luve the option to rcceive and apply ehe ume on acoount of the indeboedness heretry secured, or to permit the mongagots to receive and use it, or any part thenof. for. other -pur~wscs. ~rithout thercby wai~ing or impairing anr equitY, lien, or right under and by ~irtue of this mortg.~ge, and ma~ Place and pay for such ituunnce, or an~r pan thereof, without waiving or_ af[ecting its optien to torecloae, or anr rig6t hereunder. and the Eull amount of each and e~ery such paymtnt shaU be immcdiuely•due and p~yabk and shall bear interest [rom the date ehereo[ until paid at the n[e siated in the note secured hcreby and cogether ~rith such interat sha11 be securtd bp the lien oE this ~to,Ygag~e. - 4. ?o~er~nit, commit, or suffer no waste, impairrnent or deteriorat'an of ssid property, or :uiy part the~eof, and upo~i ~ the failuro of the mortgagors to keep the buildings ~ said property in gc~od condition of repair, the lssociation may deonand tbe immediate repair of said buildings or the immediate rep~yment of the debt hereby secured, and.-the failure of the mortgagors to complv ~vith said demand of the Ass~ciation for a period of Thuty (30) days, shall constitute a br~ch o~ this modga e. and, at the option of the A~ociation, imrr.ediatelv mature the entire ::mount of prinripa) and interest herebv secured, and .~lsvociation, immediaMly and without notice, may institute pt+occ~edings to forecbse this mortRa~e and apph• ~or ihe appointment nf a Recen~er, u hereinaker provided. ~ 5. This mortgage contract provides for additicx~al 3dvanccs w-hich m:ry be made at the option of the as,iociation ancl j u cured by this mortgage, and it is agc~eed that in the event of sueh advances the amount may be addecl to the mortgage debt i as~d shall increase the unPaid balar?ce of the note hereby secured by the amount of snch advanoe and shall be a part oE said } ! nc.te indebtedness under all the terms of said note and thiu cantract as fully as if a new such note and contract w~ere executecl ~ :~~d delivered. An additional advance agreement may be given and accepted for such advance and prov~tion ma~ be made for ~ riifferent munthlv pa}7nents .:nd a difEerer?t interest rate and other eapr~ss modifications of the cantract, but in :ill~other respects t ~his contract shzll remain in full force arnl effPCt as _to said indebtedness, inchxl'mg all advances, i 6. lf anv oE the suros of aumey~-~rein referred to be not promptly and fully paid within Thirty (30) days next after the s~me sever•ally come due and payable, or if each and every the siipulations, aa cement, conditians, and covenants of saicl pr~missory note ancl this dead, or either, are not duly perfarmed, rnmplied with and abided by, the aggregate sum mentianed ia said_promissory rate and anv other amount ar amounts added to the mortgagc indebtedness under ihe terms of this mortgagc shall beoome due and pny3ble forthwith or thereafter at the option of the Association, as fully and completely as if said agt;regate sum o[ money was originaUy stipulated to be paid on such day, anything in said prom~ssory note or herein to the contrarv rat- wit}~standing, _ To deliver to the Associ~tion, on or before ~tamh 15th~ of each year, tax receipts evidencing the p4yment of -a:l laN•- Fnlly im~oacd ta:es for the preceding ralendar vear; to drliver to the A.uociation receipts evidencing the payment of aD ~s for pnblic im ts within nuxty (90) days after the same shall hemmc due and payable, and to pay or discharge within ninety (90) ays after dne date, any a~d all govemmental lwies that may be made on the inortgat~ed ~xuperty, on this mortRa~e nr rate, or in an~ other wav msultinR from the mortgage indebtedness serurc~l by this rnortgaRe. . ~~~~3 i867