HomeMy WebLinkAbout1803 .~t :?ll timrs ~x~:icr:~blv :ind c~itirtll' tu rntrr u`wu, huld, iKru~iv an~l ruj„v ~:iul L~u~i; t}i:~t •:~i~i Guut is [~~ti~ f~um :ill ~•iicun~brancti•s: t
tti.~t tLrv ~~•ill make ~such furtt?er assurances to perfect the fee sira~ile• title t~~ .:~id I:ind in the A~suc•i.,tiun :?s rn:?v rc:u~,e?:ibly tx• i
nviuirt~:l; and that they du }?ereby fully titi•arrant the title to saiil Luul an~l ill deEen~l the ..inx~ a~aiust ihe• L~~~ E~il cl.iims u[ ~
::II ~x•nun. ~~huinsix~~•er.
Y!~O~'IDF D AL~1':t~'S tbat if ?1u~ \turt~.?t;urs ~l~.~Il ~~ell anil trul~• ~~;iv unto the :~~•~x•iatiun, thr in~iel~te~clnecs i~~•iclen~~~~
lr~~ th:~t cert:iin pro~ni~.wr~• ~iote, of e~•en date here~~•ith, mada b~• th~~ \turl~.i~urs :uid ~xi~;ihl~• to thc~ :\.,~k•i;~tiun, in thi• ~~rinri~x?t
.um of FIFTEEN THOUSAND S~VFN HUNDRED FIFTY AND NOI 100t~,11:irs i S 15, ?50, 00~, ~
~
~ONE HUNDRED j
~~hich note, tu~~~ther ~~ith interest ther:•~;n :~s thcmin ,tx~cified, is E~:i~:~l,Ir in ~riunthl~~ installumnts u ~
~
THIRTY-ONE AND 75I100ths--------------------------------------------------
~h,i~.~n ts 131.75
un the 7~h d:~~' of each ~nunth ~~unnu~nciu~ ~~itl? I~Iovember 7~ ~~~1 . w•hich pa~•nscnts
.ire tu l~e applied, first to interest, and the balance to princi~~l, uutil ~aid indcLtc~clnrss is ~k~id in full, and shall perfotm, comply
~~•ith and :~bide b~~ r;ich and e~•ery the stipulations, :?grrcment., c~nditions :ind CY)\'(t1:1I1~5 of said ~~ru~nissorv nate a~id this
mortgage, And, incliiding any adt•ainces made bv tlie Assuciatiun to tl~e \tort~agors, or their sucressors in tittr, ~for an~• ~iwpose,
i :~t anv timc before the relrsse and c:~nceliation ~of thi. mort~.?~e, but .it ~~o ti~ile shall this mortgu~e secure ad~~anres on acrnunt
3
' ~~f ~:~i;l ~>ri~~inal note to~ether ~~~ith cuc~h :ulditio~~xl ach:?nc-~~s iu a sutn in exc~ss of FIFTEEN_THOUSAND. SEVEN _
5 HUNDRED FIFTY AND NO~l00ths---------p~>~~,in ~s 15~ 750.00 ~nv advances necessan•
tu prutect the sect+rity and casts, then this deecl and the estate hert~b~• crc•,itc~l sh,?ll cease and be null and ~•oid. ~
A\D THF. itORTGAGORS tX? he~reby cv~•ens~?t and agre~c:
~ 1. To ~kiy all and singul:ir the pri~~eipat aud interest anci other su?iis of (RUflt~' Oacable ln• ~•irtl~e of said promisson~ nute
; ~nct this mortgage, ur eiiher, prumpth- on the da~~s respecti~~eh~ thc s:?mc severally co~nr due. ~
? To pay alI and sin~ular the taxes, assessments, levies, liabilities, obli~atiw~s aml incumbranrc~ of even• nature and kincl
~ ru~~~• ~ii s,~id ~!E•screFxd pm~~ert~•, or that hercafter inav be impost~cl, suffered, }~laced, le~•irYl, or assessed thereon,~or that hemafter
~ nr.i~• be ]r~•iecl or ussc~sc~cl ujwn this ~tort~afie, or the indebteelness ac~e•ure~l Lemb~, e:?rh auel r~~en•, ~~•hen due and Ih~~-aUlr,
- .~ce•or~liu~ t~~ l:«.•, before thev lxco~nc dc•lirnluent, ancl Ixfure am• interest attache~s ur :int• Ex•naltv is incurrtd; and iiuvf;~r :is
.im• thert~~f is of rccord the sume shall ~sc• promptlr s,ctisfieYl an~! ~lisch:~rt;~~l of r.~cy~rtl :ind th~ ori~inal official doctunent (surh
is, for iacfance, the tax reeeipt ur the satisfaetion I~aEx~r offieialh• endorsecl c~r certifiecll ~hall l~ plamd in the hands of said
:lssuciatic~n as ~lort~a~ce ~.•ithin ten d~~-s nc~rt after ~a~~ment; ail(~ IR ~,IB CCent tllat aii~- there~f is ~?ot ix~id, satisficci and di_echar~cci,
_ said Assuciation ma~• at anv time pa~• ti~e ,.iine or an~• part ti~~~reof ~~~ithout ~~•ait-~ng or aEFectin~ anr uption, lieit, c~c{uit~• or ri~;ht
- iu:der or ~-irtue uf this itortga~c, and the fe~11 amixud of e:~ch antl rven~ such ~xivlllent st~a)1 l~ immediateh~ due and j~~•ahl~
~?nd s}~all l~car interest frum the date thereof until paid at the r,ite statc~ci in tlie m~ie sct•ur~~cl hereb~~ :~nd to~eth~r ~~•ith sueh int~~r-
- t•st sh~ll l~e scrured h~~ the lien oE this ~Iorlgage.
?o keep the buildinKs and all cyuipment and personal propert~~ noM ur hereatter on said premises co~~ered by this mortgage.
~ ins~reci in a wm e~~uat to at Ieast the amount of ~hr mortKaqe, or an anwunt su[ficient to comply with any co-i~uurance nY{uire-
_ mrnt co~~erinq the same u~eder the lah^s of the St~tr o[ Florida, coreri~~K Icnc i~om iwth tire aud storm, making the loss under said
Ex~li~ees, ra~h Jnd rvrn. ~acable to the Atiaucietiun, a~ n?ottKagre, ac its intrrrst mav appear, and seid insurance shaU be iu a gooti
_ and rrs~~oitisible insurance comNa~i~~ satis[actor~• to said :~ssociation. .iud N•rittrn b~ a responsible 1«al agrnt satisfactory eo said Asso-
ei.?tion: and the ~x~fic}~ or ~lieies sha? t?ear a st:indard mortg:~e cla~isr w~ithout contribution, and, it the original principal amount
; of thr mortkaKe is Fifty "I~housauct a~rd no IIN? llollan ($5U.0(NI.l~)j ur in rJC(r53 [IIeICpf, shall be held by the Association, and, in i
's ~hr ecent :ui} sum o[ mone~~ txeomrs },a~.~l,le undrr such }wlic} or polii irs, the Association shaU haee the option to recei~•e and apply
thr sa~nr on account o( the iixirbtrd~~ess herrt>~ sre urcY1, or to prrmit the mortKaKors to receive and use it, or :~ny part thereof, for
; othrr purpusrs. without thercb~~ Nai~inK or impairinK :~m eyuit~. tirn, or riRht under and tjY ~~irtue o( this mortgaqe, attd may `
- placr aud pa~ [or such i+uuraeue, or an~ ~,.~rt therrot. w-ithout w'ai~iuk or afEec~inR it~ option to foreil~ne, or anv right hemundet, ~
aud thr full amount of each and r~er~ w~li p:~~ment sh~ll tx~ immc~li.~trh due a~id pa~~able and shall bear interest trom the date
thrrro( until E,aid at the tate st.~tctil in the note ~ecurrd hrrrb~ and toy,e~l?rr with such interest shall he sc~uretl by the lien of thu
V ortgage.
;
~1. 7~~i j~ennit, c~:mmit, ur suEEer no ~~~aste~, unE~airmrnt or detenur,~iiun oE ,,~id ~~rujxrh~, or .~uv part thereof, a~~d uExm
:L~~ fuilur<~ uf th~ murt~:~t~urs t~~ keep the b~~ildiu~s un ,aiei I~n~pert~~ in ~~x~d cunditiuri ~~f repair, the :~ssociatiun ma~• demand ihr.
j ~n~rn~Ylr.ctr rc•j~air of s~id hnildie~,s or tFir immrdiatc: rrPa~•ment of the~ clebt h~•rcll~' ~tY'l1ilY~, .~n.l the failure of the mortgagors
t~~ n~mplc ~~~ith said elemind of thi• :~s~cxiati~~n fur :i jx•ri~Kl ~~f "thirtc (:311) cl:~~~s, ~hall eonstit~it^ breueh uf this tnt?rt~a~e,
_ and, at th~ ~~ti~~n of the :~sscx~iation, immedi.itPlt• m:~tur<• tht~ t~ntire :mrnuit ~f princi~~~l and intcrest hereb~• secumci, and the
_ :\~.~x~iati~~n, immetliat~Iy :~nd ~~~ithout notice. Tn:i~' II15~1~11~P Pma•cri~n~*~ t~~ fnreelncc~ thic m~~rt~,:~~~ an~l :c~~~~~• {nr the apix,intment
_ ~~f a ftece~i~-rr, as hereinafte~r pro~•ede~l. ~
S. This mortGxge contract Pmru3es for ,idcliti~u~.il aelcarirc~s «hic•li rn.ir !x~ m:tde~ at t}u~ uptiun ~~f the :issoci.ition and
~ ~c•cure~d bv this m~~rt~agc•, and it is aRrecd that i» the e~ent of such a~i~~~nces tLe amaw~t ma~• Fx added t~? thr m~~rt~at;e debt
.+nd shall ~inerease the unj~aid balance oE the note hereb~• secured bv the amount of such achance and shall t~e a~kirt of saicl '
nute indebteclm~sti ~in~ler ull thc• terms nf said note :incl ~this c~ntract :is fulhh as if a nev~~ such nule and cvntr.ict ~~ere execut~l f
yj .~nc~ ~ieli~~ercd. :ln aclclition.il :icha:~cc a~r<rrn~~nt rna~ 1x~ ~iti~<~? anci ac<ri~tec) f~~r such a~l~:~nce a~id prrn~isiun nr.~v in~ made fur
_ rhff~•rrnt mouthl~• I~,~~me•nts .:n~l a dif(rrent inirrest rate ;u~d other e~press modiFieations of the cY,ntraN, but in .~ll ~~ther respe~c•ts
- ~hi; c~~ntr~M ~h.?1l rrnuun in fn~l fnrce and effert :is ta said indebtc~dness, includin~ all c~d~~ances. '
_ B. If am~ ~~f the sum~ of muney herein referred to be not promptl~• and fulh• paid ~+~ithin Thirtv ~3(1~ days nrxt after ~
the same serrralh- c.ime clue .~nd Pavable, or if e:ich and e~~en• the sti~~i~l:ihonc, a~re~~ment, conditiuns, and covenants of s:?icl =
pr~~missory notf~ a~,~l this dc~d, or either, are not duly perEormrct, cum~~lic~d ~c•itb arul abidecl by, the a~re~ate sum mentioned ;
in c:{id promi..~~n• t1~~te ar~d an~~ other amount or amoi~nts aclded to the mort~;?~e iridebtedness under the terms of thic murt~aRc
_ shall bcrcume clur ;~nd ~r.~~ ~ble furthw•ith or thcreafter at the optiun of the Associatiun, as fulh• and ~~mpletelv as if said a~~reg~tt~ `
- sum o[ mone~• ~~aS ori~in,ilh• stipi~lateci to be paid on such da~•, an~-thing in said promis~n~ note ~~n c~~rein to th~ ~untr.?n~ nr~t-
- ~~-ithstandiuR.~ " " -
To deli~c~r to th~~ .~1s.~xiatiun, on or be~fore ~tarch 13th, uf rmch ~c.u, tax receipts e~-idencint; the ~a~~ment of ali laN~-
fiiliv im~x~sr~ti tax~~s fur the ~rec~Ylin~ calenc~.ir t•ea~; t<~ cleli~cr to the° :~sux~iation rcrcipts e~•idencin~ die jya~~nent of all liens
f~~r ~ub)ic im~~roti•rments ~s-ithin ninety (50) days after the same sh:~ll l~ecome due and ~a~•able, and to pay or discharRe within
~ ninetv (90) da~•s after due clate, am• ane~ all ~uvcn?mental le~~ies that mav be m:~de~ ~~n the mort~.?Ee~~ prupertv, on thiz mort~a~e~
nrn~tt, ~ir in :in~• ~~ther w~.~t• re~c~~ltin~ frc~m the mnrt~age indebteclnr.s >ec•urevl h~~ this m~~rt~a~e•. ~
d~~~
80;i1t ~ p~~
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