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Home My WebLink About2977 1 at all ~p~oea ~ad uictly to eatec upon, bold, oocupy and ~joy sad lxad; that aaid Lad is hee fc~om aU e~cumb~anoea: chatt~y Mrlli m~ke~wch fuetl~ar wuraaoe~ oo pac~ect tLe ~es ~lmple titb to said land tu tbe A:~ociatioa as may rea~on~Wy be required; and that thry do Lerebp fWi~? wacraat ths tlds ~o taid land and will defead the same agAinst the lawful claims oE all perso~~s whomsoever. PROVIDED ALWAYS tlwt if the M gagocs shaU we11 and truly p4y onto the Assoc.~iatia~, the indebtedness evidenoed by that certain pranis+ory ao~e. oE e'v~ec? date~~I~e~+ewitb+ m~ds bY tbe Mo~tgagas and pnyabk to the Axsociatia?, In the princi~l ~ THIRTY-EIGHT THOUSAND AND.NO/100ths- pollars 3$, 000,00 which note, together with interest d~ereon us therein sPecified, is payable in monthly installments of T~10 HiINDRED _ - E.~G~T~_-~~YE~?__AND._Q~1.14Qxhs_- - - - - - - - - - ' - - - - - - Dolla,s (i-- .~8?_43- • June 8 19?2____ • ~ on the_--- 8th ,------•---day of each ma~th commencing vinth---------- _,__--------------__wh~ch paymentt are to be a Krst to iatereat, and the balance to princ~pal, until said indebtedness is paid in full, and s~all petEotm, with and a ide b~? each and evr_ry the ~hons, agreemeats, oonditions and ooves~anta of said p~+omisso:y note and moztgaBQ And, ~~8 ~Y advances made by the Association to the Matgagors. or tl~eir s~cessors in titk:. foc any purpose, at any time before the releaae and cancellation of this mortgage, but at no time shall this mortgage secvre advanc~es oa aooount of said original note together with suc~ additional advances in a swa in esoess ofTA~TY~IGHT THOUSAND ---AND N01100ths ~ - - - - --_--Dollars (i_38, 000~00----), F]~ any advances nec~sury to protect the security and costs, thea this deed and the estate hereby created shall cease and be null and void. AND THE MORTGAGOAS DO liereby a~veaant and agree: 1. To p~y $11 and smgular the prinw'pal and inte.rest and other sums of money payable by virtue of said promissory note and thi4 moitgage. or either, Pi'°D°P~~Y on tbe days respectively ihe same severallp come due. 2. To pay all and smgular the tazes, assessments, kvies, liabilities, obligations and incumbrances of every nature and ]dnd now on said described p~+operty, or that hereafter may ben~a~~ sufEered, placed. 1e~'ied. or a~ thereon, or that hereafter may be levied or assessed upon this Mwtgage, os tbe ess sec+med hereby, cach and every, when d~ and gayable, according m 1aw, be~ore iLey become delinquent, and before any interest sttaches or any Ls aicurred; and iawfar as ~y ~f ~ ~ ~ ~ ~ be ~m~y ~nd discharged of reoord and ~he~or~ginal of6cial docvment (such ss, for insta~?ce, ihe tau receipt or the satisfaction paper off_i+c,ially Len~da~sed or certif~iLed~) ~shLall be placed in the hands af said Association as Mortgagee withia ten days nert after paymec?t~ ~L(~ 4a Ultl t~t ~y 4~iLV[ A~s~~ ~~~'O~s said Association may at any tune pay the same or any part thereof witlwut waiving ot`aff~g ~ny option, Iien. equity or ri t under or by virhie of this Mortgage, and the hill amount of each and every svch payment shali be immed.iately dae andpa ya le and sball bear interest from the date thereof until paid at the rate stated in the note serun~ci hereby and together with such inter- est shall be secured by the lien of this Mortgage. 3. To keep the buildings and all equipm~nt and peiwnal property norv or hereaEter oa said premisa ooverod by this mortgage, insured in a sum equal to at leaat tht amount of [he mortg~gr, or an amount suiEidenc to eomply ~rith any oo-insunnct requi:r- ment auvering the same under t6e laws oE the State of Fbrida, oovering laas from both fire and storm, maki~ tLe las under :aid policies. eac6 and every, p~yable w the Association. as mortgagee. as its interest ma~ appear. and said inwrance sha11 be ia a 8'ood . and respoasible insurance company sacistactory to said Assodation, and ~rrittea by a respon~ibk loul agent satis[acwry w said Asw- ciation; and the policy or poliaes shall bear a standard mortgage clause without oontribution, and. if the origiaal principal amount ot the mortgage is Fifty Thousand and no/!00 Dollaa ('f.j0.000.00) or in acces chereof, shall be held by the Asaoaatioa, a~. in j che event any sum of monry becomes papable under such policy or poliaa, the Associition shall have the option w rcoeive and apply ~ che same on aoo~unt of the indebtedness hereby secured. or to pecmit the mortgagois w reoeive and use it, or any put thereof. for ~ other purpoacs. ~vithout t6ereby waiving or impairing any equity. lien, or right u~er ~nd by virtue oE thi: mortgage, and auy ~ place and pay for suc6 iraurance. or any part thereof. without waiving or affecang ia option to Eorecbse, or anr right heteunder, and the fuA amouat oE nch and every such pa~rment shall be immediately dae aad pa~abk and shall bar interat Et~om the date ~ thereof until paid at the rate stated in the note s~cured herebp and togstha ~vith such interat s6a11 be secured by the lien of this Mortgage. ~ 4. To permit, commit, or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon the failura of tbe mortgagors to keep ihe buildings on said pmperty in good condition of repair, the Association may dennand ihe immediate.repair of said buildings or the immediate repayment of the debt hereby secnred, and the failure of the mortgagwf? to complv with said demand of the Association for a period of Thirty (30) duys, shall con~titute a breach of this mortga e, and, at t~e option of the As~ciation, immediately mature the entire amount of,principal and interest hereby secured, and Association, immediately and without notice, may institute proc~eedinas to foreclose this mortgage and apply for the appoiaiment of a Receiver, as hereinaRer psm+ided. 5. This mortg,age contract provides for additionul advances which may be made at the option of the association and secured by this mortgage, and it ii agreeci that in the event of such advances the amount may be added to the mortgage deM and ahaD i~rease the unpaid balance of the note hereby secured by the amount of such advanoe and shall be a put of said ~ note indebtedness under all the tecros of said note and this oontract as fully as if a new such note and oontract were exeruted and delivered. M additiooal advance agrcement may be ~ven and accepted for such advance and provit~ may be made for ~ ciifferent m~thly payments and a different interest rate and other ~ modificatians of tl~e oontraM, but in all other respects ihis contrad shall remain in full foroe and effect as to said indebt , includ'mg all advanees. ~ - ~ 6. If any of the suzat of money l~erein referreci to be not Pi'~°P~Y and f~illy paid within Thirty (30) days next after ~ the same severally come due- and payable, or if each and every the stipulations, agreement, conditions, and covenants of said promissory note aad thii deed~ or either, are not duly perfozmed, complied with and abided by, tbe aggpegate sum menNoned ~ in said promissoq? note and any other amount or amounts added to the mortgage indebtedness under tbe tenns of this mrntgage ~ shall beoome due and payable forthwith or thcxeafter at the option of the Associatioq as fuDy and oompktely as if said aggregate sum of money was originally stipulated to be paid on seich day, anYthinB in ~id P'rom'ssory' note ~ herein to the contrary not- ~ with~andin& To deliver to the Associatian~ on or before March 15th, of each year. taz receipts evidencing the p4yment of all ]aK•- ?g ~ fully im taxes for the prececling calendar year; to deliver to the Assodatioo reoeipts evide~cu? the payment of all liens for pub ' impro vetnents within ninety (90) days aket the same shall heoome due and payable, and W pay or discharge within ninety (90) days aker due date, any and all govemmeatal levies that may be made on the a~ortgaged pruperty, on this matgage or note, ar in any other way resulting from the mortgaga indebtedness secnred by this mortgage. _ - ~ nooK201 ~~29?4 ~ . _ . . _ _ _ . _ _ r^'~i'~ / . 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