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Home My WebLink About1186 .~t all times pr.icrably und c~uietly to enter u~n, hold. ~xrupy and cnr~y s:?~d I:u~d; that s:?id land is («~e from all encumbninees: that they wiU make such further ass~u~ar~ccs to perEect the fee sirnple title to said land in the 1?ssociation as mav rc:?son:?bly lx• rrY~uired; and that they do hereby fully warrant the title to said lauci a~d ~~~ill defeud the :wme against the la~~~fu) claims of :;1) pcnons ~~~h~~msoever. P1tOVIDED AL~~'AYS th:it if tl?c \turt}~.~~urs shuil ~vell and tndy [~a)• unto the A+.ux•i:?tion, thr indelitednesc evid~?cecl b~• that ccrtain p~omissory note, of even date hercwith, made bv tl~e \lortgagors and p:n:ihle to thc As.ux•iation, in th~• r~nci~xil .um of FIFTEEN THOUSAND NINE HUNDRED AND NO/100ths----- ~s 15~ 900.00 ~.~hich note, together ~~tith interest thereon as therrin s~x~cifiecl, is pa~•:~Lk• in munthh• installments of ONE HUNDRED ~ THIRTY THREE AND NO/100ths------------------------------------------------ . t • ~ . I~Itars (s 133.00 ~~n the 6th day of each month c~?mme„~~~~g ..,~h September 6, 19?1 wh~b ~a~.ments .?re to be :~pplied, first to interest, :tnd the balance to principal, uutil said indebtedness is paid in full, and shall perform, comply .~•ith and abide by each and every the sti~ulations, agmements, conditio~u and corenants of said Ix+omissory note and this mvrtgage~ And, including any advances made by the Association to the \tortgagors, or thcir successors in title, for any jx?rpose, at anv time befom the mlease and rancellation of this mortgage, but at rw time shall thic mortgage xrure advances on acconnt of suid original note together with ~uch addition:~l advancc•s i~~ a sum in e~cess of- _ FIFTEEN THOUSAND NINE HUNDRED AND NO/100ths----------------- ~~~~rs ~a 15, 900. 00 anv advanc~es necessan• . _ _ _ t~~ prutect thc security ar~d costs, then this deeel ancl the estate hereb~• created shall eease And be null and void. AND THE \fORTGACORS DO hcreby c~?~•enant and agrec: 1. To ~y a11 and singular the princiEal and interest and other sums of muney pa~•able b~- ~irtue af said prumissory note .~nd this mortgage, or either, prompdy on the cla~s respectively the same sc~~erally come due. 2. To pay all and singular the ta~ces, assessments, levies, liabilitics, obligations and incumbrances of everv nature and kind nu~~• on s:iicl de~scribed propert~, or that hereafter ~na~ be imposed, suffereci, placed, kviecl, or assesseci thereon, or that hereafter mav be lcvied or assessed upon this ~tortgage, or the indebtedness secured hereby, rsch and e~•en•, ~vhen due and pay~ablc, ~cconlu~g to la~v, before they l~ecome delinquent, and hefore am• interest attaches or an~~ penalty ic ineumed; and insofar :u .?nv thereof is of mcord the same sl~all be pmmpdy satisfieci and dischlrQecl of r.~rcl and the original official document (such 1s, for instance, the t:~c receipt ar the satisfaction ~aEx~r officiallv endorsecl or crrtified) ~hall be placecl in the hands of said .~ssocistion as ~fortgagee H~thin ten da~~c next after pa~-rr?ent; and in the event that an~ there~f is not paid, sati~fieci and dischargeci, said Association may at any tiine pay tl~e same or any part thereof ~~ithout ~a•aiving or affecting am• option, lien, equih• or right imder or b~~ ~~rtUe of this ~tortg~ge, and the [ull amuunt of each and everv such payment shall be immediately clue and[~a~-ahle .ind shall bcaz interest frum tl~e date therevf until paid :~t the r.?te state~ in the note securecl hereb~- and tc~ethPr with such inter- ~~st shall be securecl bv the lien of lhis Afortgage. - 3. To keep the buildings and all equipment and pe~sonal property now or hereafter on said premisa co~ered br thiu mortgage. insured in a sum eyual to at least the amount o( ehe mortgage. or an anwunt sutficient to comply with any co-insunnce require- mrnt coverinq the same under the law^s of ehe Statr of Florida, co~erinR loss [rom both [ire and storm, making the lass under said Fwlicies. each ~nd every, payable to the :~ssociation. as mortRagee, as its intrrest cn~y appear, and said irourance shall bt iu a good and respousible insurance company satistactory to said :~ssociation, and written bY a responsible iocal agent satis(actory to said Asso- j ciation: and the policv or policies shall bear a standanl mortg-age clause Mithout contribution, and, if the oriRinal principal amount f af the mongage is Fi(ty "I~housaud ~nd no ~ 10(/ Ibllan (S50.00O-OU) or in txcess thereo[. shall be held by the Association, and, in ; E the e~•ent any sum o[ money becomes payable under such policy or policies. the Associ~tion shall have the option to recei~`e and apply ~ E thr same on account of the indebtedness hereby secured, or to permit the mortqagon to rective and use it, or any part theteof, for ~ ocher purposes, without therebr wai~inR or impairiug any equity, lien. or right under and b7 virtue ot thu mortgage. and may place and pay for such insurance. or any pan the~o(, without waicinR or a(tecting its option to toreclose, or any right hercunder, and the tull amount of each and e~•ery such payment shall be immctiiiatcly due and payab{e and shall bear interat fmm tht date cliereof until paid at the tate stated ir. the note se~ured hereby and tog~ther with such interat shall be xcured by the lien o[ this ~ ~f ortgage. ' -1. To permit, cc:mmit, or suffer no «•aste, im~x~irment or drtcrioration of caid prupert~-, or any Ek?rt thereof, and upon ~ thr failure of the mort~a~ors to keep the buildings on said pmpert~- in guod condition of repair, the :lssociation mav demand the i;nmediate repair of said bu;ldings or the immrdiate mpa}~nent of the debi hereb~• seeurccl, an~ the (ailure oE the mortgagors ~ compl~ ~vith said demand of the ,1ssc~ciation for a periucl of Thirtv ( 30) d~~s, shall constitute a brrach of this mortga~e, and, at thc option of the Association, immecliatel~~ mature the entire amount of principal and interest hereb~• secured, and the :lsmciation, immediately and without notice, mav institute procce~iin~s t~ foreclo~e this nx~rtQa~e and apph• fnr the appointment ~~f a Rerei~~er, as hereinafter provide~l. ~ This mortgage contract pmvides for adclitiu~~l advancrs N h~ch in:?~~ be made at the option of the associ:ition and f ~ ~ecured bY this mortgage, and it is agreed that in the e~•ent of such adr•ances the zmount may be addeci to the mortga};e debt ~ .~~d shall increase the mipaid balauce of the note hembv seciued by the amount of such ad~ance and shall be a part of saicl ~ ~ nnte indebtedness under all the terms of s:iid note and ~this contract as fully as iE ~ new• such nMe and eontract ~.•ere execatecl ~ ~nd ~leli~erecl. An additional advanee agreement ma~• be gi~~en and aeeeptecl for soch advance and ExovisK~n nw~- be made for riiffemnt monthh~ pa~•ments and a diFfemnt interest rate and other express modi(icatio~u of the contraM, but in :ill~other respectc ~ ~his rnntraM stkill remain in fuq force and effcct as to wid indrbtc>clness_ includin~ al) advances. ~ 6. If am~ of the sunu of muney herein reEerred to be not prom(uh~ and f~ilh• Eraid w•ithin Thirty (30) days nrtt after ~ thc same se~•erallv mme due and payable, or if each and ever~ the stipulations, a~rccment, conditions, anEi cm•enants of sai<I ~ ~mmissory note an~l this deed, or either, are not duly performecl, complied w•ith and abided by, the aggregate sum mentioned in said promicu?rv note and an~• other amount or amounts added to the mortgage indebtednest under the terms of thic mortgage shaD bcrome due and ~~~able forthwith or thereafter at the opticm of the Associatiuo, as fullv ancl rnmpletely as if said a~~~~ate ~ sum oI monev ~vas originally stipulated to be paid on such dav, anvthins~ in said promisson~ note or herein to thc c~xitrarv not- ~ ~ µ7t}LSt871(~lilg. ~ ~ To deliver to the Association, on or before \irrch 13th, of each y~ear, tax receipts eviJencinR the pa~Tnent of all lav~•- ~ Fnlly im~x~ed taxes for the prececlin~ calendar vear, to deliver to the Association rereipts evidencing the pa~Tnent of aU liens ~ f~,r ~~b]ic improvements within ninety (90) ciays after the same shall hccome due and payable, and to pay or discharge within ~ ninecy (90) da~~s after due date, any and aU govemmental levies that may be made on the rnortgaqecl }xu~~erty, on this mortgaGe ~ ~~r rx~te, or in am• other ~+3y i~~sultinR frnm the rru?rtgage indebtedneKS secured b~• this rrx~rtRaR~•. B00lf ~~7~7 P~6E~ ~ _ - _ _ _ ~v' ~ai R