The URL can be used to link to this page

Home My WebLink About1983 at all times peace-ably and quietly to enter upon, hold, occupy and cnjoy s:iid land; that said land 'u Erc~x from all encumbrances; that they will make such further assuraz?ees to perfect the fee simple title to said land in the Associ:?tion as may reasa»bly Ix~ required; and that they do hereby fully warrant the title to said land and ~vill defend the same against the la~~•ful rluims of sll penons ~~•homsoever, PROVIDED ALWAYS that if the 111ortgagors shsll well and tndy p:i~• unto the Ass~x•iation, thc~ indebteciness evidenced by that certain pcomissory note, of evert date herewitb, made bv the'~tortgagors and payahle to the Asu~ck3tion, in the princi~~.~l ,um of _._TWEI~ITY-THREE TH~USAND AND ND/100ths------------.~Uoll:~rs (S 23, 000. 00 .ehich note, together ~vith interest thereon as therein specifieci, is ~?~:?ble in monthiv installments of ONE EiUNDRED SEVENTY-Tf3REE AND 43/100ths------------------------------------------------- _ _ _ _ ~s 173. ?3 . - on the . ~.l~rl-- ---..day of each month c~mmencing a~1th ~ax'~~_~_~_,. _~~_72------------- - . which payments .ue to be applied, first to interest, and the balance to principal, until said indebtedness is paid in full, and shall perfomn, oomply ? ~~•ith and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and t}~ic modgage, And, including any advances made by the Association to the !~lortgagors, or their successors in tide, for any purpose, at anv time before the release and cancellation of this mortgage, but at no time shall this mortgage secure advances on account of said original note together with such additional advances in a sum in excess oE_TWENTY-TH$EE__THOU~AND_ A1~Il?---NQl_1_Q_QthS--_-_-------~---~-_-_--_-_--_--_-----Dollurs (3 2~..4QO. QO..), plus any ad~•ances neressarr to protect the security and costs, then ihis deed and the estate hereby created shail cease and be null and void. AND THE AiORTGAGORS DO hereby c~venant and agree: 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory notc ,~ncl this mortgage, or either, promptly on the days respectively the same severally come due. ~ 2. To pay all and singular ihe taxes, assessments, levies, liabilities, obligations and incumbrances of even~ nature and kind ~ now on said described property, or that hereafter may be imposed, suffered, placed, levied, or :~ssessed thereon, or that hereafter may be Ievied or assessed upon this Mortgage, or the indebtedness securecl hereby~, cach and every, when due and payable, secording to law, before they beeome delinquent, and before any interest attaches or anv penalty ic ine~rred; and insofar as ~ any thereof is of record the same sl~all be prompdy satisfied and discharged of record and the original official document (such ~s, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placeci in the hands of said ' :~ssociation as ~iortgagee w~thin ten days next after ~rayment; and in the event that any thereof is not paid, satisfied and dischargecl, 4 s~~id Association may at any time pay ihe same or any part thereof ~vithout waiving or affecting any option, lien, equitv or right ; ' under or by virtue of this ~fortgage, and the full amount of each and every such payment shall be immediately due aiidpa yable ; j and shall bear interest from the date thereof until paid at ihe rate stated in the note secured herebt- and to~ether ~vith such inter- ; est shall be secured by the lien of this Mortgage. ~ ~ 3. To keep the buiidings and all equipment and pasonal property now or herea[ter on said premises covered by this mortgage, ~ insured in a sum equai to at leut the amount of the mortgage, or an amount suificient to rnmply with any co-inaunnce require- ; ment mvering the same under the la~+s o[ the State o[ Florida, rnvering loss [mm both fire and storm, making the loss under said ` policies, each and every, payable to the Association, u mortgagee, as its interest may appear, and said insurance shall be in a good s ~ and responsible insurance company satisEactory to said Association, and written by a responsible local agent satisfadory to said Asso- { ~ eiation; and the polic~r or policia shall bear a standard mortgage clause without contribution, and, if the original principal amount ~ ~ of the mor[gage is Fifcy Thousand and no/ 100 Dollars (;50.000.00) or in excas thereo[, s6a11 be held by the Association, and, in ; ~ the event any sum of money becomes payable under such policy or policies, the Association shall have the option to receive and apply ' ~ the same on accoun[ oE ehe indebtedness hereby secured, or to permit the tnongagors to receive and use it, or any part thereof. for ; ~ other purpoaes, without thereby waiving or impairing anr equity, lien, or right under and by virtue o[ this mortgage, and may ~ ~ place and pay for such insunnce, or any part thereo[, without wai~~iug ot affecting its option to foredoae, or any right hereun~der. r and the full amount of each and e~•ery such paymenc shall be immediately due and payable and shall bear interest from the date ~ ~ thereof until paid ae the rate stated in the note secured hereby and together wieh such interat shall be secured by the lien of this ~ ~torcgage. ' ~ To permit, commit, or suffer no waste, impairment or deterioration of said propert~~, or any part thereof, and upon { ~ the failuro of the mort~agors to keep the bt2ildin~s on said property in good condition of repair, the Association may demand the ~ ~ immediatc repair of said bu;ldings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors i ~ to comply with said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage, ~ ~ and, at the option of the Association, immediately mah~re the enGre amount of principal and interest hetebv secured, and the ` ~ Assnciation, immediately and without notice, may institute proceeclin~s to foreclose ihis mortgage and appl~• for the appointment ~ a ~f a Receiver, as hereinafter pmvided. ' ~ 5. This mortgage contract provides for additional advances w'hich mav be made at tlie ~~ption of the association and secured by this mortgage, and it is agreed that in the event of such advances the a:nount may be added to the mortgage debt ~ .+nd shall increase the unpaid balance of the note hereby secured by the amount of such advance and shall be a part of said ~ note indebtednes~c under all the terms of said note and this contract as fully as if a new such note and contract ~~ere executecl and deliverecl. An additional advance agreement may be given and accepted for such advance and provision may be made for : clifferent monihlv pa}~ments mnd a different interest rate and other espress modifications of the contract, but in all other respects ~his contract shall remain in full force and effect as to said indebteciness, including all advances. ~ f~ 8. If any of the sums of muney herein referred to be nol prompdy and fullv paid within Thirty (30) days next after ' the same severally come due and payable, or if each and every the stipulations, agrcement, conditions, and covenants of said ~ promissory note and this deed, or either, are not duly performeci, complied with and abided by, the aggregate sum mentioned in said promissory note and anv other amount or amounts added to the mortgage indebtedness under the terms of this mortgagc shall become due and paysble forthwith or thcreafter at ihe option of the Association, as fully and completely as iE said aggregate sum of money was originally stipulated to be paid on such day. am~thing in said promissory note or herein to the contrarv not- F ~vithstanding. - - i. To deliver to the Association, on or Uefore ~farch 15th, oE each ~~e~r, tax recei~ts evidencing the payment of all la~~-- t 3 fuUy imposed taxes for ihe preceding calendar year; to deliver to the Associa6on receipts evidencing the payment of all liens ; for pubfic 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 guvemmental levies that may be made on the mortgaQed property, on this mortgage ~ _ ~r note, or in any other way resulting from the mortgage indebteclness seeurecl bv this mortga~e. ` = ~a~~~ ~~19~ :~.Y i . . _ - . _ . . . . _ . P~_ . .