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Home My WebLink About1881 " .~t aU times~ x-acrably and quicdy to c~~te~ ap~,~, M~Id, orcupy uud r~~j~~v suxl I:u~d; tlrat s~id luud is [r~r fru~n aU ~ti?cumbt:?nces: thut they will make such further assw~ances to perEeat the fce simple ti1~e to saicl land in the Asuxiatiou as nuv mawi?abfy Ix• ~ ftY~W[Y'(~; and that they do hereby fully warrunt the titlo to saiil laud uo~l ~vill dcf~ud the same aK:?inst 11~~• Ic~w(~d claims uf .il) ~mniH~.c ~~•M?nuor~'cr. - ~ PRO\~IDEU AL~~'A1S that iF tLr ~furt~agors sfi:tll wrll nnd Mdy p:~y ~u~to th~ :1~.Wx•iuti~, the• iud~~Lti~clness rvida?red j l,v that certain ~uomiswry ~wte, of even datc herrwith. made bv th~ ?1lurtga~;ors un~N~ukl~le tu the Asc~x•cttiun. in d~~• l~rinripal ~ ONE HUNDRED FI~'TY--ONE THOUSAND TWO HUNDRED ANDNOI100 ~ .um of . Ih?ifars (a 151, 200. 00 ~ .~hich :wte, togMher ~~~th ?~ce~c ch~r~wn _ at the rate specified. Pri~ncipa~ shal~ be due and payable in full on June 30. 1974. Interest shall be due and payable monthly commencing on the 20th day of July 1971 and on the ZOth day of each.month thereafter until this note is fully paid , uotil said indebtedness is paici in full, ~nd shall pMfocm, c~mply ..•ith anci a ide by each and overy the stipulations, agreements, eonJitions and c~venants of saicl promissary note and thu mo~t~ag~ x then this deed and the cstate hereb~• crcated shall ceuse and be md) ar?d void. ~ Ai~iD THE ~tORTGAGORS DO hereby cv~enant und agree: 1. To pvy all and singular the pruicipal snd interest aiid other siuns of money ~yabie b~• virtue of said promissory rwtc .uxi this moctgage, or either, promptly ~n the days respedively t~e same scvecaUy come due. . 2. To pay all and singular the ta.ces, assessments, levies, liabilities, obligations and ineiunbranees o[ evrry nature and kincl no.v cx? said describeci pmpedy, or ihat hereafter inay be im~p~s~, suf[ered, placecl, tevied, or :uscxseci thereon, or that hereafter ma~~ be levied or assessed upon thu tiartgage, or the indebtedness securecl hereby, cach and e~~en•, ~vhrn due and payable, ,~ecording to law, bcfore they become delinquent, ancl before any interest att3ches or .inj' penalty is incurred; and insofar as .?n~• ihereoE is oE recard ihe same s1u111 be promptly s?tisfied and d'ucharged of record and the original official document (surl: :LS, for uutance, the ta~c receipt or the satisfaction paper officiatly enciorsed or certified) shal) be placed in fhe hands of said ~ssociation as i[ortgagee within ten davs next after ~~~ment; and in the event that any thereof is not paid, satisfied and dischargecl. said Associ.~tion may at an~- time pay the same or any part thereof ~vithout waiving or affecting any option, iien, equih• or right i~nder or bv virtue of this ~tortgsae, and the [ull amuunt of ~e:~ch and everv such payment shall be immediatclv clue andpa yable and shall bear interest from the ciate thereof until paid at the rate stateci in the note serurecl hereb~- and t~ett~er with such intcr- est shall be secured by the lien of ihis vlortgage. ~ To keep the buitdings and all equipmrnt ar~d pcrso+ial property now or henstter on uid premisa tovered by this mortgage. ~ ?~uured en a sum eqwl to ~t least the anwunt o( the mortqa~e, or an amouut su([icient to rnmply writh any co-insunnct require- i ment mvering the same under the laws of the Stace ot Fbrida, mvering loss trom boch fire and storm, making the loss under said ; policia, each and every•, payable [o the Assnciaeau. as mortgagee, as its incerest may appear, and said insun~ue shall be in a gooei and raponsiWe insunnc~e company saeistactory to said ?lssociae:nn, and ~vritten by a rrsponsible local agent satistactory to said .~sso- } ceation: and the polic~r or policies shal! bear a staudard mortgage dause without contributiun, and. iE tht original principal amwint of the mortgage is Fifty Thousand and no/IW Dollats (~50,000.00) ot in excesi therrof, ahalY bt heW by the Association, and, in ~e e~ent any sum of monry becomes payable under such poiicy or policies, the Association sfull tuve the option to receive and apply ~he same on account ot the indeLtedness htreby xcured, or to permit the mongago~s to receive and use it, or any part ehereof, for other purposes, ~vithout thereby wai~ing or impairing any equity, iien, or right undtr and by virtue o( this awrtgage, and ma~r ~ place and par [or such insunnce, or any pan thereo[, withoot waiving or af[ating its option to (orecbse, or any rig~t here~nder. and che full amount oE each and e~•ery such pa}rmenc shall be irnneecliatrly due and payable and shall bear intercst trom the due chereof until paid at the nte seated in the note secured hereby and together ~vith such interat shall be securcd by the lien oE this ~forcgage. ~1. 1'o permit, commii, or suffer no svaste. impairmen~ or detericration of said propert?•, or any part thereof, and upon the failuro of the mortgagors to keep ihe building; o~. ~aid prvperty in g,QOd condition of repair, the Association may demand the immediate repair of said bu;ldings or the immediate mpayment of the deht hcreby sctured, and the failurie of thc mudgagors to rnmply ~vith saicl demand of the As.wciation for a pericxl of Thirty (30) day~s, shall co~~stitut~ a breach of this mortgage, and, at the option of the Association, immediatelv matr~e the entire amount of principal and interest herebv secured, and the .-?ssociation, immediately and without notice, may institute ~~lin;s to foreclose this mortgage and apph~ for tF?e appointrnent of a Recei~~er, as hereinafter provide~l. - 5. 'Ifiis mortgage cm?tract ~x~ovides for ad~ition:?) advances ..•hich m:ry be macie at the option of the association and u~ued by thu mortgage, and it is agreed iha; in the event of such advances the ~.~nount may be addeci to the mortgage debt and shaU incrrase the unpaid balanoe of the note herebv sec~u~ed by the amount of surh advance ar~d shall be a part of said ~ note indebteclness under all the terms of said note and ~this contr,:M as fully as if a new such noie and eontract ~~~ere e:e•cutecl 4 ~nd delevered. M additional advance agreement mav be gi~en and acceptecl f~r suc6 advanre and provision n~a~- be m:ede for ' c~ifferent monthh• pavments ~nd a different interest rate and other express modifieations of the eontraet, but ;n aU~other res~ec~c ~ ~his crntract shall reu~a"vt ire full forre and effect as to sasd indebtedness, inclodinR all advances. ' 8. If anv of the sums of money herein r~eferred to be not promptly and fullv paid w~thin Thirty (30) days next a[ter ~ the same severally come due and payable, or iE each and every ihe stipulatans, eement, conditions, and covcnants of x~id ; promissory note anJ thit deed, or eithet, are not dtily perfarmed, camplied with and abided by, the aggregate sum mentianeci i~ said promissan• note and anv od~er unount ar amounts added to the mortgage indebtedness under t?~e terms of this mortgagc shall become due and payzble forthwith or thcreaEter at the option of tbe Association, az fully and completely as if said ag,~;regatc 7 sum of money was originally stipulated to be paid on such dav, am~thing in said promissory nME on c~rein to thr rnntr,?rv ~~t- ~ witltstanding, ' . 7. To deliver to the Association, on or before ~farch ISth, of each }'ear, tax receipts eviciencing the payTnent of aU lav~-- fully im~ tazes for the prroecling calendar vear; to deliver to the Association rereipts evidencing the payment of aU liens for pab' impr+ovements within niriety (90) days after the same shaD bvoorne due ar~d gayable, ane! to pay or discharge witbin ninety (9p) davs after dae date, any and aU govemmental ]evies tbat may be made on the mortgaqed }~(~rtv, im lhis mortga~e or note, ar in any other way res~dtinR fmm the rrartgage indebtedness secunYi by this mortRa~e. ; 800X