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L at a1! timape~oaibly and quktly to eatec upon, hold. occupy ~~d enjoy ~d 1~?nd; t6at ~Id land is Iree from aU e~cumtxa~x~es: that t}~y wiU make such futt!?et aaiaanoe~ Eo pe~Iact t~s (es dmpie titk to ssid had in the Asaocjation ~s may ~+casoeaWy bc requic~e~; and th~t tlrey do hereby fWhr warra"t the titb to aid land and will deEead the same against the lawEul clAims a[ ; aU persotu whotnsoever, PROVIDED ALWAYS t~wt it thc I~iortgagors s}wll weU and truly poy unto the Association, tbe indebtedness evid~wed by that certain promissocy cate, of ~ven date herev+?itb. mtds by the Matgagon ar~d payuble to the As~oclation, in the jxioci~ml S~,n, TWENTY THOUSAND NI~TE_.~iUNDRED A.~TD NO/100ths_---_-- pd~~ 20+ 900. 00 which note, cogecher wich u,~erac ~hereon ~s cherein sTec~f~ed. ~s payubk in monchh? installmenca of ~erest paymenta due May 5, 1972, June 5,1972, July 5, 1972 and then ONE FIUNDRED FIFTY ~ - - - - - ONEAND08/100ths------------- . nollars (i . ._1_51. 08- - day of each month commencing with.- Augttst_ 5_ 1972__. ~ on the 5th---- - ~ ~ - - ' - - ------..__wh~ch p4ymentt are to be applied, first to interest, and the balance to principal, untit said iadebtedness is paid in fWl, and shaU perforno, oo~ply with and abide by each and every the 'pulations, agr~eements, conditions and ooveaants of said promissory note and thu mortgage, Md, incluc~ing any advances made by the Association to the Mortgagors, or their successors in titl~, for any purpose, at any time before the release and cancellation of this mortgage, but at no time shait this modgage secur~e advanees on acrount ~ of said original note together with such additional advances in a sum in excess of_______T_wENTY.THOUSAND,NINE_ HUNDRED AND NO/100ths - - - - - - - - ~=__20, 900. 00 p2~ ~y advam~es necessary . to pmtect the sec~rity and costs. then this deed and the estate hereby created shall cease and be null and void. AND THE MORTGAGORS DO hereby cuvenant and agree: - 1. To pay all and singular the principal and interest and other sums of money payabk by virtue of said promissory note and this mortgage, or either, pmmptly on tbe days respectively the same severally rnme due. ' 2. To pay all and singular the tazes, as~nents, 1evi~s, liabilities, obligations and incumbrances of every naturE and kind now on said described prope~ty, or that hereafter may be imposed, suffered, placed, levied, or assessed thereon, or that hereafter may be levied or assessed upon this Mo~tgage,, or the indebtedness secured hereby, cach and every, when due and payable, accoriling to law, before they become delinquent, and before any interest attaches or any penalty is incurred; and inwfar :u any thereof is of record the same shall be promptly satisfied and discharged of r~eoord and the original official document (such ~s, for instance, the tax receipt or the satisfaction paper offieially endorsed or certified) shall be placed in the hands of said Association as Morigagee withui ten days next aker payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any time pay the same or any part thereof without waiving or affecting any option, lien, equity or nght under or by virtue of this ?~iortgage, and the fulI amount of each and every such payment shall be immediately due andpa yable znd shall bear interest from the date thereof until paid at the rate stated in the note secured hereby and together with such inter- est shall be secured by the lien of this Mortgage. 3. To keep the buildings and all e+quipment and petsonal propetty now or hereatter on said premises covued by this mortgage. insured in a sum equal to at leuc the amounc of the mortgage. or an amounc suflicient w mmply ~+ith any co-insurance requize- ment oovering the same under the laws of the Swte o[ Florida. covering loas [rom both fire and storm. making du laes undtr said policies, each and every, payable W the Association, u mortgagee, as iu interest may appear, and said insurance shall be in a good and responsi6le insurance company satis[attory to said Association, and written by a responsible loul agent aatitiactory to aaid Asso- ciation; and the policy or policies shall bear a standard mortgage clause without contribution, and. if tht original printipal amount of the mortgage is Fitty Thousand and no~100 Dollus (s50,000.00~ or in excas thereof. stull be held by the /~SSOaation, and, ia the eveat any sum of money becomes parable ander such policy or policies, the Auociation stull hav~ the oprion to n~ceive and apply the same on accoun[ of che indebcedness hereby secured, or to prrmit thc mongagots to reoeive md ose it, or any part thereof, for ocher purposrs, without [hereby waiving or impairing any equity, lien, or right under and by virtue ot chis mortgage, and auy place and par Eor such insurance, or any part thereof, without waiving or affecting its option to fortclose, or any right hereunder. ' and the tull amount oE each and every such payment shall be immediately due and papable and shall bear interest Erom the date thereof until paid at the tate mtated in the note secured hereby and together with such interest s6all be securtd by the lien of Wia , :~iortgage. To permit, rnmmit, or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon 'i the failure of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the I immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors ~ to oomplv ~vith°said deaaand of~ the Association for a period of Thirty (30) days, shall rnnstitute a breach of this mortga e, ~ and, at the option of the Aswciation, immediately mature the entire amount of principal and interest hereby secured, and ~ Association, immediately and without notice, may institute proceedin;s to foreclose thu morigage and app)v for the appointment F of a Receiver, as hereinafter provideci. , ~ 5. T7us mortgage contract provides for additional advances which may be made at tbe option of the acSOCiation and ~ secured by this morigage, and it is agreed that in the evenE of such advances the amount may be added to the modgage debt ' and shall increase the unpaid balance of the note hereby secured by the amount of sach advanee and sh111 be a part of said note indebtedness under all the tenns of said note and this cantract as fully as if a new svch note and contract w•ere executed ; and delivered. M additional advance agreement may be given and accepted for such advance and provicion may be made for different monthly payments and a different interest rate and other ex~ress modifications of tbe contract, but in all other respects ihis rnntract shall remain in full force and effeet as to said indebtedness, including all advances. ' 8. If any of the s~ms of m~ey herein refeired to be not promptly and fvlly paid within Thirty (30) days neat after the same s~werally come due and payable, or if each and every the stipulations, so eement, conditions, and rnvenants of said promissory note and this deed, or either, are not duly performed, complied with and abided by, the agg,regate sum mentioned in said promissory note and any other amaunt or amounts added to tbe mortgage indebtedness under tbe terms of this awrtgage shall became due and pay3ble forthwith or thcreafter at the option of the Associarioq as fully and completely as if said aggregate t ey was originally stipulatetl to be paid on such day, anything in said promissory note or herein to the contrary not- & ~ 7. To deliver to the Association, on or before 1liamh 15th, of each year, tax receipts evidencing the payrnent of all lax•- ; fully imposed taxes for the preceding caiendar year; m deliver to the As.sociadon raceipts evideacing the p~yment of aIl liens for pubt~e unprovements withir~ ninety (90) days after the same shall heoome due and payable~ aad to gay or discharge within ninety (90) davs after due date, any aad all govemme~ntal kvies that may be made on the mottgaged properiy, on this mortgage or note, or in any other way msulting from the mortgage indebtedness secured by this mortgage. ; . ' " ~ ~~2I11 ~cc163~ ~ = ~ ~ . . _ s~.r-~--z~ ,e r _ (,~.:'z,~-•y':``~,' ~r z".'~Fa, g~ - ~ _