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Home My WebLink About1594 t ' ~ • • ~ at aU times pe~ace~ably and quietly to entet upon, hold, occupy und ~~njoy said land; that said land is frce (rum all encumbrances; that they will make such furiher assuranoes to peifoct the fee simple title to said land in the Association as may reasonably be required; and that they do hereby fuUy warrant tbe tide to ssid land and wilt defend the same ag:unst the lawful clainu of all perso~u ~~~homscever. PROVlDED ALti~'AYS that if thc !~lortgagors stwil weU and truly pay unto t}?e Assoriation, the indebtedness evidencpd by that certain promissory note, of even date hetewith, made by the Mortgagon anci payabte to the As.sociation, in th~ principal ~i~m of T.f3IRTY THOUSANL' A.ND NQ/lUOths----------------------.-Dollars (S 3U, 000. 00 ~vhich note, together «~th interest thereon as therein specifiecl, is p:ryuble in manthty installments oE TWO HUNDRED - THIRTY-ONE AND 55/100ths--------------------------- ~ ~ - - - - - _ - - . . _ _ Dollars (s . .231. 55 . on the . . 1Qth day of each month commencing ~vith . _ -Apt=i1--1-4,-1872 __.whieh payments ~ .u~e to be .?pplied, first to interest, and the balance to principal, until said indebtedness is paid in fuil, and shall perfotm, comply ~+~ith and abide by each and every the stipulations, agreements, cAnditions and covenants of said promiaory note and thLc mortgage, And, including any advances made by the Association to the Mortgagors, or their successors in tidC, for any putpose, at any time before the mlease and canceltation of this mortgage, but at no time shail this mortgage serure advances on account of said original note together with such udditional advances in a sum in excess of__THLRTX. T~IQUs~AlY~~lY.R____.__._ Nol_io~r.n~_-_------_-_--_-_--_-.----_-------_---_----~ollars (s. 30,.QQQ. 00---), plus any advances necess.ln• to protect the se+curity and costs, then this deed and the estate hereb~~ created shall cease pnd be null and void. ~ AND THE 1~tORTGACORS DO hereby cvvenant and agree: 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note :~n<i this mortgage, or either, promptiy on ihe days rapectively the same severally came due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and inaunbrances of every nature and kind now on said described prnperty, or that hereafter may be im~, sufEered, placed, levied, or assessed thereon, or that hereafter may be levied or assessed upon this Mortgage, or the inde tedness secured hereby, cach and every, when due and payable, 3ccorcling to la~v, before they bec.~ome delinquent, and before any interest attaches or anv penalty is incurred; and 'uuofar .u any thereof is of record the same sliall be promptly satisfied and discharged of reeord and the original official document (such ; ~s, for instance, ihe tax receipt ar ihe satisfaction paper officially endorsed or certified) shall be placed in the hands of said Association as ~tortgagee within ten days next afier ~rayment; and in the event that any thereof is not paid, satisfied and dischargecl, said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equitv or right iu?der or by virtue of this ~tortgage, and the [ull amount of each and everv such payment shall be immediately due andpa yable and sha11 bear interest from the date thereoE until paid at the rate stated in the note secured hereb~• and together with such u~ter- est shall be secured by ihe lien of this biortgage. ~ ~ 3. To keep the buildings and all equipment and petsonal propeny now or hereaiter on said premises covered by this mortgage, i~uured in a sum equal to at least the amount o[ the mortgage, or an amount sufficient to comply with any eo-insurance requite- ° ment covering the same under the laws of the State of Florida, tovering loss irom both firt and starm, making the laas under said ~ policies, each and every, papable to the Associaeion, as mortgagee, as its intereat mar appear, and said i~surance shall be in a good and responsible insurance company ueisfactory to said Associaeion, and writ[en by a responsible local agent satis[actory to aaid Asso- t ciation: and the policy or policies shall bear a standard mortgage dause without mntribution, and, if the original principal amoiint of the mortgage is Fi[tr Thoeisand and no/ 100 Dollan (s50.000.00) or in excess thereof, shall be held br the Aasociation. and, in the event any sum of money becomes payable under such polic~r or policies, the Association shall hav~ ehe option co receive and apply the same on account of the indebtedness hereby secured, or to permit the mongagots to receive and use it, or any part theteof, for ; other purposes, without thereby waiving or impairing any equity, lien, or right under and by virtue o[ this mortgage, and mar : place and pay tor suth insursnce, or anr pan thereof, without waiving or afEecting its option to Eoreclose, or any right hereunder. f and the full amount of each and every s~ch payment shall be immediately dae and payable and shall bear interest [rom the date - chereoE uncil paid at the rate stated in the note sctured hereby and together with such interest shall be secured br the tien o[ this tifortgage. 4. To permit, commit, or suEfer no waste, impairrnent or detcrioration of s:~id propert~•, or :iny part thereof, and upon the failuro of the mortgagors to lceep the buildings on said pmperty in good rnndition of repair, ihe Association may demand the immediate repair of said buildings or the immediate repayment of the debt her~eby secured, anJ the failure of the mortgagors to rnmply ~vith said demand of the Association for a period of Thirty (30) da~~s, shall constitute a breach of this mortgage, _ and, at the option of the Association, immediately mature the entire amount of princijral and interest hereby secured, and the ` .4s9ociation, immediately and without notice, may institute prcx,redinas to foreclose this mort,~age and applv for the appoinhnent nf a Receiver, as hereinaker provide~. 5. This mortgage eontract Fx+vvides for additional advances xhich may be made at the option of the association and secured by this mortgage, and it is agreeci that in tFie eveat of such advances the amount may be added to the modgage debt and shall increase the unlraid balance of the note hereby secured by the amount of such advance and shall be a part of said ° note indebttdness under alI the terms of said note and this contract as fully as if a new such note and ooniraM w•ere exerutecl ~nd delivered. An additional advance agreement may be given and accepted for such advance and pmvision ma}' be made for different monthlv payments and a diEf~rent interest rate and othe~ express modifications of the contract, but in a!1 other resperLc ihis contr:~ct shall remain in full force and effect as to said indebtedness, including aIl advances. 6. If any of tbe sums of muney herein referred to be not promgtly and fully paid within Thirty (30) days next after the same severally come due and payable, or if each and every the sfipulations, agrcement, conditions, and covenants of said promissory note and this deed, or either~ are not duly performed, mmplied with and abided by, the aggregate sum mentianed ~ 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 payable forthwith or thcreafter at the option of the Associatioq as fully and rnmpletely as if said aggregate ~ sum of money was originally stipulated to be paid on such day. anything in said promissory note or herein ta the contrarv not- ~ withstanding. • 7. To deliver M the Association, on or before :ltarch I5th, of each year, tax reeeipts evidencing the payment of all laN-- ~ fally imposed taxes for the ~rececling calendar year; to delirer to ihe Association reoeipts evidencing the payment of all liens ; for pub il'c impmvements within ninety (90) days after the same shall tx~come due and payable, and to pay or discharge within ~ ninety (90) davs after due date, any and a11 govemmental levies that may be made on the mortgaged property, on this mortRage ~ ~r note, or in any other way resuiting fmm the mortgage indebtedness secured by this mortga~e. ~ 60$~ 200 P~~E ~.593 ~ .~z _ _ _ ~ _ - - i~. ~ ~ ._~r ~ ~ - y ~ . ~ f~~ ~