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Home My WebLink About2834 at all times pe~aceably and quiedy to entet upon, hold, ocrupy and enjoy said land; that s:ud lau~d is tre~e fron~ all encumbrances; that they wiU make sucb further sssurances to petfect the fae simP~e title to said land in the Association as mav re:uo~~bly bc required; and that they do hereby fully wacrant the title to said land and will deEend the s:ime agaiiut the la~~•ful clainU a[ :lII PP1'SOI15 N~homsoever, PROYIDED ALWAl'S that if the \lortgagun shall well and truly pay unto the :luoriution, the indebtedness e~~dence~l by th:~t certain promissory note, of e~en date herevvit~?. made bv the ~lottgagors and pa~~uble to the Aswciation, in the principal .um of . SIXTEEIIT TH~USAND ANI] ND/100ths•-------------------- ~1~,?rs (S 16, 000. 00 ~~•hich note, together Hzth interest thereon as themin specified, is ~?~•able in monthlv installments oFONE HUNDRED TF~iRTY-THR~~ A1~TD R4/100ths--------------------------- . - . - - - - _ . n~,~t~~ ~a 133. 84 _ - - on the 24th dxy of each maith c~mmencing ~»th --DP.CB.mhP.r--24s--1~?1------------- which p~yments :~re to be :?pplied, first m interest, and the balance m princapal, until said indebtedness is paid in fuU, and shall perform, oomply ~~•ith and abide by e~ach and every tha stipulations, agreements, conditions and covenants of said pr~mi5sory note and t}us mortgage, And, including any advancFS made by the Associatio~ to the Mortgagors, or their sncccssois in title, for any purpose, at anv time before the release and cancellation of this mortgage, but at no time shall this mortgage secure advanccs on account of s:?id original note together ~vith such additional advances in.a sam in ezcess of_SIX.TEEIII_THQUSAlYII______________.___ _ AND._NQ/_lOQths-------.-_---.---_-_--.___----------Dollus (S_ 16,.Q0_Q..0.0--), plut anv advances neeessan• to protect the security and costs, then ihis deed and the estate herebv created shall cease and be null and void, ~ ANn THE AiORT~GAGORS DO herebv cvvenant and a~ree: 1. To pay all and singuL3r the principal and interest and other sums of money pa~~able b~• virtue of said promis.wry note .~nd this mortgage, or either, promptly on the days respectively the same severally come dne. 2. To pay all and singulat the taxes, assessments, le~+ies. liabilities, obligations and incumbrances of every nature and kind no~~ on said described property, or that hereafter inay be itnposed, suffered, placed, levied, or assessed thereon, or that hereaEter may be levied or assesscd upon this ~iortgage, or the indebtedness secured hereby, cach and every, when due and payable, .,ccording to law, before they become delinquent, and before any interest attaches or anv penalty is incurred; and insofar .u ~ any thereof is of record the same s}?all be promptly satisfied and discharged of record and the original official document (such ~ 2s, for instance, the tax receipt or the satisfaction paper officiallv endorsed or certified) shall be placc~d in the hands of said Association as ~fortgagee within ten dati~s next after payment; and iri the event that any thereof is not paid, satisfied and discharged, E said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equitv or right tmder or bv virtue of ihis ~iortgzge, and the full amount of each and every such payment shall be immediately due a~?dpa yable ~nd shall bear interest from the date thereof until paid at the rate stated in the note secured 6ereb~• and together with such inter- € ~st shall be secured by the lien of th~s Modgage. ~ 3. To keep the buildings and all equipmene and personal property now or herea[ter on said premises rnvered by this mortgagr, i~uured in a sum equal to at leasc the amount of the mongage, or an amoant sufficient to comply with any co-insurance requirt- ' r*~Pnt co+•ering che same under the laws of che State ot Fbrida, mv~ring toas irom both [ire and storm, m~king the loas under uid ^ policia, each and every, pay-able to the Association, u mortgagee, u iu interest may appear. and said inaunnce shall be in a good ~ and responsible insunnce company satisfactory to said Association, and written by a respw~sibk local agent utis[actory to said Aaso- 3 ciation: and the policy or policies shall bear a standard mortgage dause without contribution, and, it the original prinap~! ~nt ` of the mortgage is FittY Thousand and no J 100 Dollars (s50.000.00) or in excess thereof. shall be held by t6t Association, and, in ~ ehe e~•ent an sum of mone becomes a able under such 1~ or l~c~es, the Association shall have the uon to receive and a 1 y 7 P Y P~ ~n' P~ ~P ~ PP Y ~ che same on account ot the indebcedness henbY secured, or to permit the martg~gon to receive and use it. or any put thereof, for ~ ocher Purposcs, without thertby wai~•ing or impairing any equity, lien, or rigt~t under and br vinut of this mortgage, and may ~ lace and tor such insurance, or an rt thereof, without waivin or affectin ~u_ ~4n to torecbse, or an t hereunder, ~ P PaY Y Pa . 8 gr Y~ and the [ull amount of each and e~ery such payment shall be immediately due and p~yabk and shall bear interest from the date ~ thereot uncil paid ac the rate staeed in the note secured hereby and cogether rvith such intenst ahall be secured by the lien oE this ~ ~ ~fortgage. ~1. To permit, commit, or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon ~ the failuro of the mortgagors to keep the buildings on said property in go«1 condition of repair, the ~ssociation may demand the , ~ irnmediate repair of said bu;ldings or the immediate repayment nf the debt hereby secured, anJ the failure of the mortgagors ' r to complv K7th said demand of the Association for a period of ThirtY (30) days, shall constitute a breach of this mortgage, ~ and, at thc option of the Association, immediatelv mature the entire amount of principal and interest bereby secured, and the .~ssociation, immediately and without notice, mav institute proceeclin;s to foreclose this mortgage and applv for the appointment ~f a Receiver, as hereinafter pmvided. ` 5. This mortgage contract Ix~ovides for additional advances K•hich m:ry be made at the option of the association and secured by this mortgage, and it is agreed that in the event of such advances the amount may be added to the mortgage debt and shall increase the unpaid balance of ihe note herebv secured by the amount of such advance and shalt be a part of raid - note indebtedness under all the terms of said note and this contraM as fully as if a new such note :ind contraM w~ere executed :?nd delivered. An additional advance agreement ma~• be given and accepted for such advance and provicion rna~~ be made for _ ciifferent monthlv p:?~-ments and a different interest rate and other express modifications of the contraM, but in al) other respects , ` ~his contract shall remain in fuU force and effect as to said indebtedness, including all advances. ! - 6. If any of the sums of muney herein referr~d to be not promptly and fully paid within Thirty (30) days next after the same sever:?lly come due and payable, or if each and every the stipulations, agreement, conditions, and covenants of said - promissory note and this deed, or either, are not du]y performed, complied with and abided by, the aggregate sum mentioned in said promissory note and anv other amount or amoants added to the mortgage indebtedneSs under the terms of this martgage - shall become due and pa~~ble forthwith ar thcreafter at the option of the Association, as fuUy and completely as if said aggregate sum of money was originally stipulateci to be paid on such day, anyching in said promissory note or herein to the contrarv not- ~ - wit}utanding. . _ 7. To deliver to the Association, on or before ~tarch l~th, of each ~~ear, tax receipts evidencing the payment of all law•- - fully im(~'.d taxes for the preceding calendar vear; to deliver to the Association receipts evidencing the payment of all liens ; fc~r public improvements within ninety (90) days after the same shall hecome due and payable, and to pay or discharge within ~ ninety (90) davs after due date, any and all govemmental kwies that may be made on the mortgaged property, on this mort~{age ~ > ~~r note, or in any other way msultin~ from the morigage indebtedness secured bv this mortgage. ~ - ~ 6DOI1197 ~2829 - ~ _ : _