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Home My WebLink About0078 ~ at all timespeaoeably 4nd quietly to enter upoa, hold, occupy and enjoy suid lund; that said land is free from all encumbranoes: that they wiU make suc~ fuitha assuranoes ~u pa~fed tbe fee dmplo titla to said land in tbe Associatton as may reasonably be required; and that they do hereby fuiiy wartant ~e title to a~~d land aad wiU deEend the snme against `the lawful claims of aU persons whomsoever. PROVIDED ALWAYS that if the Mortgagors shall weU and tn?ly pay unto the Acsociation, the indebtedness evidenced by that certain promisso~y no~e, of eeeA da~e haewith. m~ds bY the Mortgagors and payable to the Association, in the principal St,~, ~ THiRTY_-FOUR..THOUSAND AND NO/ lOOths__- - - - - - _ po~~,~~ ~a 34, 000..00 which note, together with interest thereon us therein specified, is pa~,?able in monthly installments of T WO HiJNDRED EIGHTY-FOUR_ AND _39~_100ths - - - - - - - - - - - - - - - - - - - - - - - . . .Dollais (=284, 39..--------- on the__ 4#~----------daY of each maath commencing with-------.~11II~__4,.._1~~.~.---- ----__~-----------------_which payments are to be a ffrst M interest, and the balance to p~ipal, until said indebtedness is paid in fiill, and shall perEornn, oom with and a~by each and every the sHp~ilahans, agreements, conditions and covenants oE said ~omisswy note and mortga8e, ~8 any advanc~es made by the Associatioa~ to the M~igagors, or tbcir suc~s.wis in titks, far any putpose. S at any time before the release snd cancellation of this mactgage, but at no time shall this mortgage secure advanoes on account ~ of raid original note together ~n+ith such additional advances in a sum in e:cess of_T~3I~~ =~~R THOUSAND . AND NO/100ths - - - - - - - - - - - - - - - - .Dollars (;_34,_000._00 Plus any advances necessary - - to protect the sec+uity and costs, then this deed and the estate hereby created shall cease and be null and void. AND THE MORTGAGOAS DO hereby cvvenant and agree: 1. To gay all and siagular the psinc~~ and inc~st and other sums of money payabk by virtue of said pmmissory note and thic mortgage, or eitber, prompt~y on days respectiv~ely the same severally come due. 2. To pay all and singtilar the ta~ces, au~a~ts. levies.liabilities, obligatioas aad incumbrances of every nature aad Idnd now on said d~cribed property, or that hereaker may be imposecl, suff~ placed, levied. or assessed th~, or that bereafier may be levied or asse~ed upon this Mo~tgage, ~ the mdebtedness red hereby, cach and every, when due and p~ ble, according to law, before they beoome delinquent, and before any interest attad~es or anypen alty is ~curred; and ~ us any thereof iS of reoord ihe same shall be p~+nmpdy satisfied and discharged of reoord and the original official document (such as, for iattance, the tax receipt or the satisfaction paper officially endorsed or oertified) shall be placed in the hands of said Association as Mottgagee within ten days nert after paya~ent; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any tirae pay the rame or any part thereof without waiving or aHecting any option, 1ien, eqaity or ri t under or by virtue of tbis Mortgage, and the full aa~ount of each and every such payment shall be immediately due andpa ya le and shall bear interest kom ihe date thereof until paid at the rate stated in the note serured hereb~ and together with such inter- est shaD be secured by tbe lien of this Mortgage. 3. To keep the buildings and all equipment and pasonal property now or hereaEter oa uid premises oovered b~r thit mortgage. insured in a aur~ equal co at least the amount of che mortgage, or an amount suf[icient to comply rvith any co-insunnoe r~quire- ment oovering the same under the la~rs oE the State oE Florida, oovering loss Erom both fire and scorm, making the loa u~der said policies. each and every. papable to the Associaeion, u mortgagee. u ia ineerest may appear, and said insurance shail be in a good i and responsibk inaunnce company satistactory co said Asiociation, and ~vritten by a rapontible local agent satisEacto~r w said Asso- ~ ciacion; and the policy or policies shall bear a swndard mortgage clause without aontributioa. and. if the original prindpal amount oE the mortgage is Fitcy Thousand and no/ 100 Dollus (=50.000.00) or in dccea~ thereof, :hall be hdd by the Auociation. and, in ~ che rvent any swa of money becoma pa~rable uader such policy or policies, the As:oaation shall have the option to receive and apply the same on aeoount oE the indebtednas hereby xcured, or to permit the mortgago~s to reaeive and use it, or any part thereof, for other pnrposes, without thercby ~vaiving or impairing any equity. lien. or tight under and by vinue of th's mortgagr, and maY place and pay for such insunnce. or my pan thereof, w+ithout ~raiving or affecting its option w fortcbse, or any tight haeunda, and the full amount of each and every snch payment :6a11 be immediately due and pipabk and shall bear interest Erom the date chereoE until paid at the nte stated in che note secured herebJr aad toget6er writh suc6 intaat s6a11 be secured by the lien oE this Mortgage. To permit, rnmmit, or suffer no waste, impainnent or deterioration of said property, or any part thereof, and upc?n the failure of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the modgagors to comply with said demand of the Association for a period of Thirty (30) days, sha11 constitute a breach of this mortgage, and, at the option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the Association, immediafiely and without notice, may institute proceedings to foreclaBe thu mortgage and apply for the appomtment of a Receiver, as hereinafter providerl. 5. Tlus mortgage contract provides for additional advances which may be made at the option of the association ancl seciu+ed by this mortgage~ and it is agreed that in the event of such advances the amount may be added to the modgage debt and shall inrmase the unpaid balance of the note hereby secvred by the amount of such advance and shall be a part of said note indebtedness under aII the ternu of said note and this contract as fully as if a new such note and contraM were executed and delivered. M additi~al advance agreement may be given and accepted for such advanee and provision may be made for ~ ciifferent monthly payments und a different interest rate and otherexpr~ss modifications of the contraM, but in all other respects ihis contract shall remain in full force and effect as to said indebtedness, including all advances. 6. If any of the sums of muney herein referred to be not promptly and fully paid within Thirty (30) days next aker the same severally come due and payable, or if each and every the stipulations, agreement, conditions, and covenants of said promissory ~te atrd this deed, or eithez, are not duly perfonned, rnmplied with and abided by, ihe aggregate snm mentianed in said p~+omissoiy note and any otber amount or amounts added to tbe mortgage indebtedness under the terms of this mortgage shall beoome dae and pay~bk foithwith or thereafter at the option of the Association, as fully and completely as if said aggregate sum oE awney was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- `aithstandin& 7. To deliver to the Association, on or before March 15th, of each year, taz receipts evidencing the payment of all 1a~- fully -im taxes for the preceding calendar year; to deliver to the Association receipts evideacmg the payment of all liens for ~provemenb within ninety (90) days aker the same shall hecome due and p~yable, aad to pay or discharge within ninety (90) daya after due date, any aad all gov~tal kvies that may be made on the uwrtgaged property, on this mortgage or note, o~r in any other way resulting from the mortgage indebtedness secured by this modgage. r 600K 2O~ PACE ~ ~ t ~ -t_~