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Home My WebLink About1877 at aU times pracrrably and quietiy to enttr upon, lwtd. oc~=u y a~d enloy said lu~~d; that said land is f~e~e fcom aU ei~cumbr~noes; that they vrill make such fu~ther assurs~s ~o Pafec~ ~O ~ dmple title to uid land in the Association as may r'easonaDlY lx' required; and that they do berebY fu11Y wa~a"~ d'° t~tk saNl land and ~~ill defend the sstme agaiiut the lu~~~ful cluimt of ::I) peisau whomsoever. ~ i PRO~'[DED AL~~'AYS tlwt iF the \tortgagors shaU well a~d truly pay unto the Associution, thr indebteclness e~ride~~ced bv that certain promitsory not~. oE tw~n d~te herewith, awde by the rtortgagors pnd ~a~:~ble to the Ascociation, in N?r principal - as 500.00 ' :t~m oE TWENTY FIVE THOUSAND FIVE HUNVRED AND NO/100 ~~~;~n ts ~ l. , ~vhich note, together with interest thereon as themin specified, is pa~•aLle in mcu?thly instal)ments of TwO-HUNDRED THIRTEEN ANU 30/100 - - - - . . . _ . i . . . . ; . ' . . _ . . . _ _ . - Dollars 213. 30 ` _ . _ - _ _ - - - on the Z~h - dav of e~ch month commencing with. . `T~~--20~---1971_----- - - whicb pnya~ents ~ :~re to 6e :?~plied, f'vst to interesi, and the b~lance to priucipal, until said indebtedness is p~id in full, and shall perfo{~n, oomply ~ ..•ith and abide by each and every -the stipu4ltions, agreements, ccanndiciocu and covenanis oi s.?iu Exomissory nae anu tius ~ ~~80. A~. inctuding any ad~~ances maile by the Associahon to the 111ortgagors, or their sutt~essorx in tit1C, for any pi~~oae, ; at. anv tim~ before the rclea~e and cancellation of this *nortgage, but at no time shall this mortgage secure advances on aecount j of s:ud original note togethet with such additional acivances in a sum in ~~s oE._ TWENTY _ FIVE_ THOUSAND___ _ ' ~ . FIVE HUNDRED AND NO~100 Dollars (s _25, 500.00 phis any advances necessan~ ~ - - - - - - - , - - - - co ~rote~t the security and casts. then thic deed and the estate hereby createcl shall cease s?nd be null and voic . ~ AND THE rtORTGAGORS DO hertby cvvenant and agiree: 1. To pay all and singular the princip~1 and inten~t and uther swns of mor~ey pc~y'abk by vertue of said promissory note .?nd this mortgage, or either, promptly on the days respectiv~ely the samc severelly come due. 2. To pay all and s~gulu the taxes, a~ments, ler?ies, Iiabilities, obligations and incumbrancc~ss of every nature aixi kind ~ now on said described pro[~erty. or that here~after may be imposed, suffereil, placecl, levied, or asszssed thenwn, or that hereafter ~ ma~ be levied or assessed upon this 1ltortgage, or the indebtedne.cs securecl hereby, cach and e~•ery, ~vhen due :u~d payabk, .~ccording tu law, beEore they become delinquent, and before any interest attaches or anv penalty is inetured; and insofar :u ~ .iny thereof is of record the same shall be promptly satisfied and discharged of reoord and the original official document (such ~s, for instanc'e, ihe tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands ~ said ~ ~ssociation as ~iortgagee within ten days next after ~vment; and in the event that any thereof is not paid, satisfied and discharged, said Auociation may at any time pa) the same or any part thereof ~vithout waiving or afEecting any option, lien, equity or right i~nder or by vi~tue of this \tortg~ge, and the full amount of each dnd every such payment shall be immecliately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in the nole secureci hemb~• and to~ether with such inter- Qst shaU be sen~reci by the lien of this Aiortgage. ~ 3. 7'o ktep the buildings an~ all equipment and penonal property no~r or hereafter on said premirs oovertd by this mortgage. ~i i~uured in a sum equal to at leut the anxwnt of [he mortgage. or an amount sufficient to rnmplr nrith anp co-insunnce nquire- j ment mvering the same under the la~?s of che Sute o[ Fbrida. msering loss tmm both tire and storm, making the lost under sajd ` policies, e~ch and every, payable to the Association, xs mortgagee. u its interest may appear, and said insurance shall be in a good ~ ; and rcsponsi6k insunnct company satisEactory to said Associution, and written by a respotuible loca! agent satisfaceor~ to said Asso- ~ ~ ciation: and the policy or policia shall bear a sundard mo~-tgage dause without mntribution, and, i[ [he original principal amount ? o[ the morcgage is Fi(ty Tho~uand and no/ 100 Dollan (~50.000.00) or in accas thereof, shill be held by the Association, and. in ~ che event anr sum of monep becoma papable uuder such policyr or policia, the As~ociation shall have the option to receive and apply ~ ~ the ume on account ut the indebtedness hereby secured, or to permit the mortgagois to receive and use it, or anr part thereof. for other purpos~~s. ~rithout thereby waivinq or impairing any equity, lien, or right under and by virtut of this mortgage. and ma) placc and pay for such inwnnce, or any pan ehereof. ~vithout wai~•ing or af(etting its option to [oreclost, or any right he~tunder. and the full amount o[ each and every such payment slull be immecliately dut and p~yable and shall bear interat [rum the date ehereot until paid at the nte sated in the note secured hereby xnd together with wch interat shall be secured br the lien of this ~iortgage. ~l. To permit, commit, or suEfer no waste, impairment os dMerioration of ssid prQpecty, or :~ny part then~of, and upon the failure of the mortgagurs to keep the buildings on said propert~• in good condition of repair, the ~ssociation may demand tbe immediate repair of said builclings or the imrnediate repayment of the debt hrmby secured, and the failure of the mortg~gors to comply ~tzth said demand of the As.wciation for a period of Thirty (30) day5, shall constitute a breach of this mortgage, and, at the option of ihe Association, immediately matore ihe entire amount of principnl anci interest herebv secured, and tbe Association, immediate}y and without notice, may-irutitute prnececli~:;s to foreclose tLis martgage and apph• ~or the appointment of a Receiver, as hereinaker proeided. _ ' 5. This mortgage contract provides for additicxwl advances ~•hich may be macle at the option of the .association ancl secnred by this mortgage, and it is agreed that in the event of such advances the amount may be addecl to the mortgafie debt and shall inerease the unpaid bal~nce of the note hereby secured bv the amount oE such advance arn3 shall be a gart of said note indebtedness under all the terms of saicl note and this eontraM as fu11y as if a new sxh noie :u~d eontract ..~ere executecl ~nd delivered. An additional advance agreement may be given and accepted for such advance and jxnvision ma} be made for different monthlv pa~~ments and a diffecent interest rate and other eupness modi[ications of the eonhaM, .~ut in all other respects ,his c~ntraet shall rcmzin in full for~ce and effect as to said indebtedness, including all advances. 8. If anv of tbe swns of money herein referred to be not promptly and fully paid ~vithin Thirty (30) days next akc* the same severally come due and payable, or if each and every the stipulatans, ao eement, conditions, and covenants of said promissory noie and this deed, or either~ are not duly performed, complieci with and abided by, the aggregate sum mentioued in said pmmissory note ar~d am~ other am~wmt or amonnts added to the mortgage u~debtedn~ss under the terms of this ma~tgage shall become due and pavsble forthwith or thrreafter at the option of the Association, as fuDv and completely as if said agi;rcgate sum of money was originally stipulated to be paid on such ~ay, anvthing in said promissory note or herein to the contrarv not- wit}~stanciing. . 7: To deliver tv the Assoc'ation, on ot before ~tarch 15th, of each year, tax receipts rviclencing the payment of aU law•- fuily im~ tazes for the prececling calendar vear, to deliver to the Association receipts evidencing the payrnent of all liens for pu un b within ninety (90) ~ays aker tbe same shall hecome dne and payable, and to pay or discl~arge within ninety (90) ~due date, any and all govemme~ql levies that may be made on tt~e mortgaqed propecty, on thic mortgage ~x note, or in any other way msultin~ from the mortgage indebtedness secured by this rr?ortgage. f 6ooK ~.93 ~.875 . ;