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Home My WebLink About2376 :~t all timespca ~~ably arnd qaietly to enter upoi~, halci, c~cru y auc! c~r~v siKl Lu~d; that said lrud is fre~ fron~ aU ~~~cun~brar?cc~s; rhat they wiU mabe suct~ fu~ther as,wiances M perfecC the ~ee simple titk to said land in thc .~ssc~ciation :u mav reaso,w~bly tx> n~uired; ;rd that tbey du hertby fully warra~t the titb to said land und ~vill defend the same aguii~st tix• la~.•ful ctau~?s of .:ll persau a~homsoever. PROYIDED ALWAYS th:st if the :~tortgagurs shall H•ell aud tndy Irav unto tl~r Asxociution, ttx in~irluecinrss evidenc~ h~• th~t certain promiswty ~wte~ of even date ttere~vitb, anade by the ~tartgagors un~l Eu~rble to thc As.ociatioa, in the pri~x~i~x~l FOURTEEN THOUSAND AND NO/100 14, 000. 00 ; :um of . _ . Ibll:us (S 1. hich note, together with interest thercon as themin specified, is p:+rabk in monthl~ install~nents of ~~RED i SEVENTEEN' AND lI/I00 ~ t . ~ _ . t~liarx (S 117.11 . ` on tha s day of each month c~mmenring ..~ch _ August _6,_. 1871.------- . whirh pay~+~e~ :ue to bc :~pplied, first to interest, and the balance to pru~cipal, u~~til said indebtedness is paid in fiill, and shall_~erfotm, oomt~ _ ~~~ith and abide by each and every the stipulations, agreements, ca~ditions ancE co~•enants of raid promissory note and is mortgage, And, including any advanc~es made by the Association to the ~larigugors, or their successon in tidr, for any ~wipose, ~ at any time before the reka.se and rancelk?tian of this mottgage, but at no time shall this mortg~ge secure advances on account ~ FOURTEEN THOUSAND AND ~ ~ of said original note together ~vith surh additional adv~nces in a sum in excess of---- - , NO 100 ~ - - - - . Dollars (s 14~ 000. 00 . phu any aJvances necessan ' - - - - - eu protect the security and. costs, ther? this deeci and the estate hereb~• createci shall ce~ase and be null and void. ~ AND 7'HE ~10RTGAGORS DO hereby tv~enant and agree: 2. To pay all anti singular the princip~1 and interest and other sums of money ~~~able by virtue of sa~d pn~missory note f .~nd this mortgage, or eithet, promptly on the days respectively the rame severally rnme due. - . t 2. To pay all and singular the taaes, assessments, kwi~s, liabiUties, obUgations and inc~unbrances of every na[ure and )~nd ; nu«• on said described property, or that hereafter mav be im~, suffered, placed, leviecl~ or assessed thereon. or that hereafter ma~• be levied or a~d upon this ~ta~tgage, or the inde edness secured hereb~•, cach and every, wher? due as~d payabM, # .~crorcling to Iaw, be(ore they become delinq~~ent, and before any interest attaches or anv penalty is incurred- and insofar :u any thereof is of record the same sh.~ill be promptly satisfied and dischacged of record and the original official document (such ,s, fQr instance, the tau receipt or the satisfaction paper officiallv endorsed or certified) shall be placed in the hands of said .~ssociation as ~iort~agee v~ztfii~ tc~~ davs next after payment; and in the event that anv thereof is not paid, satisfied and discharged, , ~~id Associ.~tion m:ss: at any time pa~• the same or any Patt thereof ~vithout waiving~or affecting any option, iien, equity or right ; isder a~ bv virtue of this ?1lortgage, and the full amuunt of each and everv such ~xiyment shall be immediatel~• due and~ra yablo i and shall bear interest from the date there.wf until paid at the rate stated in t6e note scrt~reci hereb~• :uid togethPr with such inter- t~st shall be secured by the lien of this Mortgage. - ~ ~ 3. To keep tht buiMings and all equipment and penonal propeny norv or hertatter on uid premisa eovend br this mortgagt. ~ ~nsurcd in a sum equal to at teast the amount ot the mortgage, or an amount sutficient to comply with any eo-insunnce requirt- ment mrering the ume under the laws of the State of Fbrida. covering loss trom both [ire and scorm, mating the kss under said policirs, each and every, payable to the Associ~tx,u. u mortgagee, as its interest may appear, and said insunnce shatl be in a gooci and responsiWt insunnc~ company utis[actory to said Assuciation, and writt~n br a respoc~sibk bcal agrnt satis(actory to said Asso- ciation: and the policy or poleties shall btar a sta~~dard mortgage clause without contribution, and, i( tht otiginal principal amouut ' ot thc mortgage is Fi[t~ Tlwusand and n4 f 100 Dollan (550,000_00) or in ezcess ahereof, ahall be heW b~ the !i::xiaeion, and, in ihe e~ent any sum o( mone~r becomes pa~nblt under such polic~r or policia, the Association shall have the option to receiae and apply ihe ume on accoune of ehe indeb[edness hereby securcd, or to permie the aartg~gon to receive and use i[, or ~ny pirt thereof, for ouher putp~oses, without therebr waivinq or impairing anY equity, lien, or right under and by tiinue of this mortgagt, and may place and pay tor such insunnce, or aoy part thereof, w+iehout waia•ing or aftating its option to [orecbse, or anr right hercunder. and the [uU a~nount o[ each aud tvery such papment shall be immediaeely due and payabk and shall btar interest (~n tht date chereo[ until paid at the nte suted ia the note secured hercby and together with such interrst s6all be secured by tht lien of this ~tortgage. - ~f. T'o pemtit, commit, or sutfer no ~vasie, impairment or deterioration of s:?ici propert~•, or any part thereof, and up~ , the fail~ro of the mort~;aRors to keep the ~uildings on said propert~• in good condition of repair, the ~ssociatan n~av demand the i::.k~; r~~ :is -uf said bu;klings or the immediate repayment of the debt hereby securecf, and the failure of the mortgagors to rnmply ~~~th said demand of the Association for a periad of Thirty (30j d:n5, shall cc~nstitutc a breach af this mortgage, and, at the option of ihe Aswciation, immediatelv mature the entire amount of principal and interest herebv secured, and the .~~sociation, immediately and without notice, may institute proc~~linRS tn Forectose this mortqage ancl app]r ~or the appointment nf a Recei~•er, as hereinaker providecl. - 5. This ~iwctgage contract provides for additiunal adva~xrs H•hich mav be made at the uption of the associatan and cerured by ihis mortgage, and it is agrecd that in the event oE such advances the amount may be added to the mortgage debt ; and sha0 inerrase thP unpaid balai~oe of the note hereby secured by tf~e amount of such advanc~e and shall be a part of said ~ note indebtedness under all the terms of said note and this contr.~ct as fully as if a new such note and contraM N-ere executecl :?nd deli~erecl. An adclitional advanee agreement may be gi~en and aeeepted for sueh advanee and pro~ision ma~• be made for ~ different monthlv pa~-rnents and a different interest rate and other express modifications of the contract, but in ail ~other res~x~cts ; ~his contrad shall remain in fult foree and e(fcrt as to said u~debtcclness, includiag al) advanoes. ~ 8. If any of the sums of money herein referted to be not promptly and fuliv paid within Thirty (30) days next after ~ the same severaily rnme due and payable, or if each ar~d every the stipulatirnu, aprcrmeni, c~?ditions, ancl rovenants o( said ~ prumiuory note and this deed, or either, are not duly performecl, complied v~ith and abided by~ the aggregate sum mentio~ed in said promiswry rwte and anv ot}~er amount ar amoants added to the mortgage indebteciness under the terms of this mortgage shall bacome due and pa~~ble forthwith or thereafter at ttie optiun of the Association, as fuUy and rvmpletely as if said aggregate sum of money was originally stipulated to be paid on surh dav, anvthing in said promissory note or herein to the contrirv ~xit_ withstanding ' - . Ta deliver to the Associatioo, on or before ~~amh l~th, of each }~ear, tax receipts eviclencing the payment of all la~r- fully im~osed ta:es for the preceeling calendar year; to deliver to the Association re+ceipts evidencing the payment of an liens for publie imp~v ements within nir~ety (90) days aher the same shall hecome due and poyable, and to pay ar diccharge within ° ninety (90) davs after due date, any a~d ati governmental kvies that may be made on the mortgrged pn?pertv, cx~ this m~xtRagr ' ~ rate, or in any other way resultin~ fr~m the mortgage indebtedness securcd bv tha mortga~e_ . _ s~K i93 ~ 2374