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Home My WebLink About1457 .~t al~ timrs jx~ac~'.~bh• and q~ii~•th' to rutrr ulx,u. hul~l, ~Kru~n• :+n~l ru~,~~• >.u~i l.uul; d?at ,.~itl I.iu~i is fn~~ [r.r~n ail rucumbr3ucrs: ~ that tiiev ~~'ill make such further assurances to perfeci the fee simpl~~ title to s.~id iand in tF?e Ass~x•i.itiun :?s m.~~• rr.?suu:iblv lx• ~ ~cywreci; and thut ti?ey do hereby fully w'~rrant the title to sa~~1 l.?n~i :ind ~.ill d~dend t1~r >amr :~,~:~i~~st th~• L~~~•f~il c•lai~ns uf .:II ~x•rnuus huinsix•~•er. PRO\'IDEU AL~\'.~l'S th.it if thr \turt~;.ikur~ ~h.~li ~~i~ll :in~1 truh• ~~.~v untu thi• :1,.~xi.iUun, tl~~• in~lrl~!~~~Inrs; ~•vicl~•uc~i th:~t c~c~rtuin prumissor~• note, of et•en date here~~ith, made b~• the \1urt~.t~urs anil ~~.i~:~bl~• t~~ th~~ :~•.~x~i:~tiuu, in th~• ~uinci~~.~l .~~m of FOURTEEN THOUSAND TWO HUNDRED AND NO/100ths--- ~~„~I.t~ti ~g 14~ 200. 00 ~ ONE HUNDRED ' ~~hich nutr, tu~ether ~~•ith iuter~•st ther.t~n a. there•in s~x~cifie~d, i~ ~~.?~~.il~l~• in ntunthh• iu.t:ill~nruts ul ~ ~ EIGHTEEN AND ?9/100ths--------------~---~--------------------------------- t ~ . ; th~tl.~~ ~S 118. ?9 l. 15th Octobex' 15 1971 w•hich ~a~ments ~ ~~n tlie d:ly ef esch ntontl~ cY~mma•ncin~ ~~~itf~ ~ - 1~.~ .~re t~~ 1~e :~pplird, first to interest, and the balanc~c to priucipai, until s.iicl uiJibtrciness is paid in full, and shall peiform, eom ly ~~•ith and abide bv rach and e~•cry the sti~~ul:itions, agreemeuts, cYinditions :u~d cYn~en:~nts of said promissor~• note and t~is mortgage, And, including any ad~•ances made b~' the .~ssociatiun to the ~fortga~;urs, or their sucti~c~rs in titlr, for an~~ piuiwse, .it anv time befom the relraxe and r.~nceUstiun of thi. mart~;a~e, but at no timr shall this mortgaGe secure advances a~ am~unt uf said ~~ri~~in:?1 note to~ether a•iti~ suc•h .idclihoual uch'auc~•s in a~unt in exa'ss of FOURTEEN THOLSAND TWO HUNDRED AND NO/100ths ~k,)lars (S 14, 200, 00 ~yi~ anv ach~ances neccssan• ~ ru protect the securitv and costs~ thrn this deecl and the eytate hcrrb~- crcate~l sli.~ll cease and be null and ~~oid. ; A\D THE ~fORTC~CORS DO hereb~• c.n'enant and agn~•: ` 1. To ~~y all and sin~ilar the principal and interest anc~ other su~ns of monev p:i~•able b~• ~•irtue of said prua~isson~ not~• ' ~ .~ncl thi~ mortgage, ur either, promptl~- on tl~e da~~s resperti~•elv the ~me se~•erall}• come due. 2. To pay all and singul•ar the taxes, assessme~?ts, levies, liai~ilities, oblig~tioiu ar?c1 ineuinUr.incY~ of e~•en• nature and kincl - ~,•e •.le~scribecl pmpert~', or that hercafter uiav be im~wsed, suffcred, l~lacai, le~~ied, or assesscYl therec~n,~ or that hereaRer ma~• Le leciecl or 1~SPSJI'i~ uiwn il~is \torigage. or the indebtedness ~rc•urecl hemb~-. caeh aud e~•en•, ~~~hen dur and pa~'able, . n~thereof ~s~oE~rec~rcl thef s:imt~e shallcl~i~i'i(~mpth~~satsffYl and`~lisc•hirg~~eltofcr,;•cord anl th~~~o,ri~in l~offiernl document (suc•h is, for ia~tance, the tax receipt or the satis[action l~apc•r officiall~• endorsecl or certifiedl tihatt be placrd in the hands of said . Association :?s \~ortg~~ce ~~ithin ten d:~~s next after ~~.1~'ment; and in the event t}~:it an~~ thereof is not p:?id, satisfied and diuhargecl. ~.-~id Association tna~• at am• time ixi~• ihe ~a~ne or tny part thereof ~~~ithout ~c:?iving or affecting anv option, lier~, ec;uih• or s~~h~ ~ under or bv ~~rtue ~~f this \tort~:~~e, and the full amuunt of c:ich and e~~erv siich pa~~nent shall br immecliatelv due and [~.~~-~hle - ~nd shall bear intere,t frum the date thereof w~til ~~aid at the r.ite statcYl in ihe nute se~c•urrd herebc and t~~~ethFr ~~~ith snch intcr- 3 ~~st shall 1k seYUn~el br the lien of this \iort~~ge. ? 3. To keep the buildings aud all ryuipme~u 31~1I (~i3011]I PiO~fI)' t10M or henattcr on said premises covered by this mortgage. f ~nsurecl in a sum cti~ual to at least the amowu of thr mortRage, or an amount sutticient to complv rvith any co-ituuranct rtq~ire- meut cocerinq the same under the laws o( the State ot Florida, co~~cring loss trom both fire and storm, making the loss under said Ewiieies. each and e~rrr'. payable to die ~ssoiiation. as tnortRaKre, as its interrst maY apptar, and said insurantt shali be in a good j and respousible insurauce tom~auy satisiactor} to said .~1~.sociation, and written by a respoiuible local agrnt utis[actory to said Asso- cietion: aud thr Ewli~y or poli~ies shall bear r stendanl mortg:~e clause M-ithout contribution, and, if the oriRinal printipal amount o( the monKaKe is Fi(t~ l~houiand aui} no ItM) I~Itan (s50.000.Ob) ur in excess thereot, sha11 be held by~ the Association, and, in ` thr e~ent ar~~ sun~ of monet~ t~ecoinrs pa)":tl~If undrr such ~licy or E~olicirs, the Association shall ha~~e the option to receive and apptr - the s:+me on account ot the indebtcYinrss herrb~ srcurcYt, or to permit thr mongaKon to receicr and use it, or any part thercof, for - uthrr purEx~sc•s. without therctn w•ai~inK or impairinR any cY~uit~. lirn. or tight under aud bY ~~«ue o[ this mortgage, and may place and pa} tor such inwrancr, or an~ part thrreot. without wai~iu~ or a(fecting its option to (oreclose. or anv right hereunder, ; and the (u11 amount of rach and e~er~ such F>a~ment sha11 I~e immcyliatrl~~ due and payable and shall bear interest (rom tht d~te [ ~hrrrot until paid at the r•rte statrcl in the ~wte secured hereb} and t~ether w•ith such interat shall be secured by the lien o[ this ~ " ~fortgage. ~ To ~ennit, c~:mrnit, ur suffer no ~~:?ste, impa~mient or d~•tcnur.?tian o( +.iid j~rupert}, ur .iny p•?rt therc~f, and uEx>n } the failun: uf the murt~a~urs to kerp the buil~lin~s on sai~l ~~roperh~ in g~x?d c~mditiun ~rf repair, the :lssociatiun may demand th~ ~ ~ ~rnm~di:?tc re~wir of said b~~ildim~s or t}ie immediate reP.n•ment of the ilebt here}»• sa•urtYl, an~l the failure of thc• mortgagurs , t~~ ctimE~l~ ~cith s:tid cletnancl of the Ass~x~iatiun for Jx~ri~xl of Thirt.~ {:"301 da~~s, shill cvnstitute hreaeh af thic murt~a~;e, and, at th~• ~~tiun of the Asscxiatiun, immecliatPh• n~ature th~ entire .imount of princi~al and interest hereb~• secureci, and the - -~ss~~ciation, imme~cliatel~• and ~~•it}?~~ut noticr, mav i~tistiti~te proc~~e~i~nR~ t~s fnreclocc~ thic m~~rtg:i_t- and :?}~ph• f~r the appointment nf a Ren•iver, as hereinafter proride~l. ? `~i :i. This mort~as;e rnntract ~~m~'ides for :edclitiun.+l aclvauct~s ~~hich iu.?~~ l~e made st thr ui~tiun u( the asscx•i.~tion and = - ururec~ b~~ this SIIOC~~T:i~Y, ar.cl it is agreeci that u~ the e~ent o[ ~~1ch <ich~a~c~~s the amuuni mav be added m the• mortgaGe drbt t .+nd sh:?11 inere:~se the unPciid balance of the note hemLv secured bv the amuunt of such ad~ance an~ sh:ill i~e a part oE sai~l nute indebtedn~~s. nnder all the termc ~~f said note :ind this contract as fulh• as if new• s~uh nulr ancl a~ntract «<~re excr~~tec! :~n~~ ~leli~•erc~cl. An ,uldition:?I .i~i~-ancr at;rcerne~~t m~~ l.r ~;i~~~n an~1 aurptccl (~,r surh ~~ivarxr ~nd Pro~~?sion m.~~• lx• made for _ rlifff~rrnt munthh• }~.n ments .:ncl a different interest rate atid other e~press malificatiuns of the a~ntract, hut ~n .;ll ~~ther res~x~•tc " ihiti c~~ntr:x~t sl~.ill n•main ~n full force a~?d ~•fft~et tu said 'uuiebtc•elness, includin!{ all ach~~nees. _ 3 6. If am• ~F the s~ms c~f muney herein refcrred ta be not promPth• and fulh• paid Hithin "flurh• ~:31~i days nc~t aher ~ the same se~•eralh~ cY,me dne and ~a~•able, or if each and e~~err• tltie stipul.~tiunc, ~;;re~e~ment, rnndrtiuns, 3nd crn•er~ancs of sai~l ~ ~runtissory notf~ an~l this clcx*d, or either, sre not duly perform~Yl, cYnnplied u ith and :~bided by, the aggregate sum mentionecl in said Pn~mis,~~n• n~~te an~l :?m- other amow~t or amoi~nts addeci !o the :r.o:tg~~e indebtedness under the terms of this mort~aRe ~ = shall become due• .ind ~~ble h~rth~•ich or thereafter at the optiun of the Associatiun, as fulh• an~l cY,m~lcteh• as if said ag~re~;~t~• ` - sum of mitne~• ~+as orit~ii~allv stipulated to be paid on such dav. amthin~ in said promisc;irv n~te c~r hFrein m the rnntrarv not- ~~•~thstanding. • . ' To deli<<•r to thr .~sc~xiati~n, ~~n ur lx~fure \larch 1Sth, nf each ~r.ir, t~+z receipts e~•idencint; the payrnent of all laK- Fuih~ imlwxYl t.~tt•s f~~r th~~ ~~n~•cYi~n~ c.~l~•n~l.~r ~~~ar, to deli~t~r to thr As~+x~iatiun recei~ts e~~•idencin~ thc~ peyment of all liens f~~r public im~~m~emc•nts w~thin ni~~etv ~~l ~I~vs after the s?me sha0 hec~me due and ~x~~•ablc, ~uid to ra~~ or discharRe within ~ nmet~• (90) da~-s after cts~e date, am• and aU ~u~~c•mmer?tal Jevies th.it mav be made~ ~m t?~c murt~.~K~Y~ pru~~rrtv. ~?n thi~ mortl~a~~ L - ~,r n~itc, ~~r in am• ~~thcr K•a~• n~.ulhn~ fn~rn the• nurrt~age in~Pl~te~ln~~.s urnrc~l 1n~ this muri~a~e•. = • " ; ~?OQM ~ - 1~ ~~i457 : : - ~