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Home My WebLink About0032 i :it all times pcac~ably and quietly to cnter upon, hotd, (K'CU~)V 1t?(~ cnjo~~ s:~id l:u?d; that s;eid laucl is fnti frwn all a?cu~i?brancrs: # that they wi11 make such fucther nssuranees to pe~rfect the fee simple title to s;iid land in the Asu~ci:ition :u mav rcasonably Ix• r.~yuireci; and that they do hereby fully warrant the title to said lau~l and ~~~ill drfend the ~:ime :~~ainst th~• la~~~ful c!ainu of ; .;II ~x rsons ~vhu~nsocver. . PRO~'IDED AL~~'AYS t1i.?t if the ~lurtt;:e~urs c}?:il1 ~~•ell and tndy pay u~ito tLe Asuxi:ition, the iudebtedne•~s e~•ideucecl i~~~ that certain promissory note, oE even date herewith, made b~~ the \lortgagors and p:n:~hle to the 9ss~x~i:ition, i~? thi• l~rinci~~al 3 .um oF k'IFTEEN THOUSAND AND NO/100ths--------------------- p~~~~;~~ ~S 15~ 000. 00 ~ i ~~hich not~, together ~~tith interest thert~on as therein s~x•cifieci, is ~~?~•.il,le in munth~?~ i~zstall~ne~~ts ot ONE HUNDRED ~ ~ , TWEN'~'Y-FIVE AND 47/100ths--------------------------------------------------- ~ ~ ~ - ' - ~ ~ Ik,li:?r~ (S 125.47 ; ~~n the 20th da~ uf each moiith cY~mmeocing ~.•~eh . November 20~ 19?1_ _ w•hich pa}~ments ~ .ire to be :+pplic>d, first ~to interest, and the balance to principal, until said indebtedness is paid in full, and shall perEorm, eomply ~ ~.~ith and abide bv each and e~•ery the stipulations, agmements, conditions and c~~•enants of said ~~~romissorv note and this } mortgaRe, And, including anY ad~•anees made by the Association to the i~octgaRors, or their sucec~sors in teilr, ~for anf purpose, i at anv time before the mleaue and rancellation of this mortgage, but at no time shall this mortgage secure ad~•ances on acc~m~t ~~f s:?id ori~inal note tugether ~vith such additional advancrs in a sum in e~cess of FIFTEEN THQU~A~TD..AND___ _ ; ~ NO~l00thS------------------------------- Dollars 15, 04Q. OQ phu anv aJ~~auces necessan• ' 1~~ protect the security aud casts, then this deecl and the estate hemb~• create~d sh:~ll cease and F~e null and ~~oid. ` ~ i A\D THE ~lORTGAGORS DO hereby cu~~enaut and agee:: ; I. To pa~~ al! and singuLir the princi~al and interest and other sums oE money p:~}•able b~• ~~rtue of s~icl prumiss~m~ notc .uicl this mortgage, or either, prompdy on die da~~c respectively the same scverally rnme due. ~ ~ 2. To pay all and singular the taYCS, assessments, levies. 1'ulbilities, obligatio~u and ineumbranc~cs of e~•erv nature and kind ' ~ r~u~~• nn ~.~ici de:seriUecl pmperty, or that hereafter inav be sm~osec1, suffered, placed, le~•iecl, or assesseci thereon,~or that he~raft~rr ~ n~a~• be le~•ied or assessed u~wn this \tortgage, or the indebtedness securecl hemb~•, cach and e~•en•, when due and ~yable, .~~rorduig to la:~•, be•fore thev become delinquent, anc~ before any ioterFSt attarhes or an~~ [~enalty ~~s incumed; and inwfar ;is ,,m- thervof is of recvrd the same s1ia11 be promptk satisfied and discharfied of record and the original official documcnt (surh :s, for iiisiauce, the ta~ receipt or the 4itisfactian pa~er officiall~~ endorsed or certified) sh.ill be placecl in the hancis of saic~ ; .asscx~iation as ~tortgagee Hithin ten davs ncxt after pa~•ment; and in the e~•ent that any thereof is not paid, s~~tisfieci an<l dischar~Gecl. ~aid Asscxi:~tion ma~• at anv time p:n• tlic ~:~me or an}• part thrreoE ~~~ithout ~~•aiz~ng nr affecting an~~ optio~~, lien, equit~• ar right s ~uzder or b~• ~irtue uf this 1(ort~age, and the full amuimt of each and even• such pa~~ment sha11 t~ immediatch~ due aud p.~}:ible :uid shall be:;r intere~t from the ~late thereof until paid ~t the rate statr~i in the ~?otr securecl hereb~~ ancl to~etnFr ~~•ith such inter- ~~st shsll he secuted bv the lie~i of this ~iortgage, ~ f ~ 3. T'o keep the buildiny,s aud all equipmene and penonal propern• noM or hereatter on said premises covered by this mortgage. ~ ~ insured in a sum eyuai to at teast the amount oi the mortqage, or an amount su[ficient to complr with any co-insur~nce r~equire- ~ mrru co~•etir?g thr s-rme uuder the law~s ot the Statr oi Elorida, covering loss (rom both tire and storm, making the loss wider taid ~ ~wliiirs, each auJ ever?, payable to the Auociatiou. :~s mortgagee, as iu interrst may appear, and said ir~surance shall tx in a goocl i and nsponsi6le i~~surance compan~ satistactory to said :~ssociation, and written b}' a responsible local a~ent satisfactory to said Asso- ~ ciation; and the Wlicy or policies shatl txar a standard eMrrgaqe clause witteout contribution, and, it the oriRinal principal amount _ nf the monKaKe is Fifty 7'housand and nollq(? Dollan (550.000.00) or in exctss theteof, shill be he[d by the Association, and, in thr e~ent any sum ot money tiecomes pa~aLle uuder such policy ot policies, the Association shall have the option to receive and apply f ~he same on account of the indebtedness herel» srcurrd. or to permit the monqaqon to receive and use it, or any part therro[, for ; - t,cher pur~~oses. Michout thereby wai~it~K or impairing any equitv, lien, or right under and by virtue ot ~his mortg~ge, and ma7 i t place and pa} for such insurancr, or any part therroL without wai~inK or a([ecting its optiw~ to (omclase, or any right hereunder. ~ and che (ull amount o[ each a~~d e~er}• such pa~ment shall Ire immrdiatrl~ due and pavablt and shall bear intcrest from the ciate ~ ~ therrot until ~aid at the rate statret in the notr secureei hemby and together with such interat shal) be secured by the lien o[ this j V ortgage. ~ perrr~it, :.:~~~r~~ii, o~ suE(er nu H•aste, imE~irmrnt or drterioratiun of s,?id prupert~•, or any part therevf, antl uEwn ; the failum uf the mo~t~;a~urs to kecp the l~iuldin~s on wi~l pn~Ex~rt~• in gaxl condi~iun nf repair, the Associatiun may demand t}~e : ~mmec]iate• repair of s:iid bu~ldings or the immrdi.?te m~a~Tnent of the clebt hrreb~• securctil, an~ thr failum uf the ~nortgagors ~ tn c~m~~k ~~-ith said demand qf the Asu~ciation for a~x~ri~x1 of ~rh~rc~• d:i~•s, tihall coustitute :i bmxch vf this rnort~;a~Ge, _ and, at the option of the Association, immeciiatPh• ~nature the entire a~nount of p~incipal and interest hereb~• secured, and the ~.9nciatu?n, immecli:~tely and «•ittx~ut notim, mav i~~stitute ~roa•cYlinRS t~~ foreclo~ this m~~rt~a~F and aprlr (nr the ap~intment ~~f a Recri~•er, as hereinaher pr~vide~l. ~ i. This mortgage c~niract ~>ro~•ides for .?~lditi~,nel aJ~~a~~crs ~~hich mav be made at ttx• u~~tiun of the ussocu~tion and ` g securc•d by this mortoage, and it is agreecl that in the e~•ent of such advances d~e amowit may be addecl to the mort~.i~e debt i _ :~n~l sball i~xrrase the unpaid balance of the note hereb~• secureJ by the amount oF such advance and shall be a~rt of said i n~~te indcbtedne~ss under all the terms ~?f said note 1T1(~ I~lIS rontract .:s Eully as if :e neu• si~ch note and contr:ut ~~ere exrcutecl f .~i~~l ~leliti ercd. An :idditiona) ad~~ance agreement ma~~ be ~iven and accepied for such advance and pm~•ision m:~~• t~ made for = clifierent monthl~~ i~:»•ments ::nd a diflerent interest rate ai~d other express modificatiuns of the a>ntract, but in .~ll other resJx~cts ihis contr~M sh:~ll remsin in full forcr and effeet as t~~ said indeE~tedness. ineluding att adv~ncc~. 6. If am~ ~f the sum~ of money hercin reEerted ta be not prompth~ and fulh- paid a ithin Thirt}' (~3(1 ~ days ne~t ahcr _ tl~e same se~~eraUy ~.~me duc and pa~•able, ,~r if e~c6 and even• the stipulutions, a~rc~mrnt, ccmditions, and c~venants of said : rromissory notc• ancl this cleed, or either, are not duly performed, ec~m}>lied w'ith and abidecl by, the aggregate sum mentioned ' ? in said ~romis,urv uute and an~~ other amount or amounts addeci to the martga~e indebteclness under the tcrms of this mort~age ` shall become due :~nd ~~•~ble forthwith or thereafter at the option of the Associ:ition, as fu0v and cc~mpletelv as if wid a~rrgate~ sum of mone~~ .~•as originaii~ stipuiated fo be paid on such dar. an~thing in said promisson•~ note nr }~erein to th~ rnntran~ ~xit- withstanding. ' - " - To deii~~rr to the ~stiociatiun, on or befare \tarch l~th, af rach ~~e.~r. trx rerehpts evider~cing the pvy~nent of alI law•- ~ f~,llv imrx~! taxes for the ~reccdinfi c.il~n~i.?r ~•ear; to deli~•er to the Association reccipic e~•idencing the payment of all liens ! for pub~ic impro~•ements ~+~ithin ninety (901 clays after the same shaU hcromc due and pat•able, and to pay or d~scharge within ~ mnety (90) da~~s after due date, an~~ and all governmental levies that may be macle ~~n thc mort~aQect property, ~m thi~ mortfia~c~ ~ nr note, or in ;im• other ~+•av resultin~; fmm the ~nortt~age indebtedness se~c•urcYi this mortQa~.~. ~ ; ~ ` 8001( ~~7 PACE s~. ~