The URL can be used to link to this page

Home My WebLink About0095 • ~ , at al! timespeaoeably and quictly to eater upon, hold, oecupy and enjoy sa~d 1and; tbat said land is frce from all encumbrances: ~ thatu tt~e~? wiIl make such further aaturat?oes ~o pe~ieat tbe fee dmple title to said Iand 'w the Association as may reasonably be i req ued; aAd tLat they do hereby fWly warr~uit the title to said land and wiU defend the sume against the Inwful claims of all persoits whomsoever. PROVIDED ALWAYS that if the Mortgagors shaU well and truly pay unto the Association, the indebtedness evidenced by that certain promissory iwt~e, of evei? date 6a+ewitb, made by the Mortgagors and payable to the Association, in the principal ~ , S~, o~ ~~~!I'~~_-TH~~~_T~iS?LI_~E!?l~A._~NI~__NQ!-iQQths._- - not~.~~ ~i ?.3.. Q00~.00 : which aote, together with interat thereon us therein sPecified, is payabk in monthly instal)ments of. C~NFr HUNAA.~D . SIXTY-SIX AND 25(100ths - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - . - - _ . _ . - - - - - , - - - - - - - - ~ - -.nollars (;l_$_~~ 25. on the_---5~?------------day of esch moath commencing with----- -.._a~~~l~__`,~,~...~~.-------------------_-------------•------w'~ ?~Y~~ are to be upplied, first to mterest, and ihe b~lanoe to P~fix~Pal, until said indebtedness is paid in full, and shaII perfotm, oomply with and abide by each and every the stipulations, agreemenis, conditions and oovenants of said promissory note and thu modgage, Md. inctudiag any advancat made by the Assodation to the Mo~gagors, or their successors in titla, for any putpose, at any time before the rrkase and cenceAation of this moatgage, but at no time shall this mortgage serure advan~.~es on account of said original note together with such additional advances in a sum in eaccess of.~~~e~Y=~$~_~H~~__~ AND NO~l00ths,-"----_----'-----=------_-_ --_--------Dollars (=_~3,~494a_QQ----), Plus~any advances necessary to protect the security and costs, tben this deed and the estate hereby cxeated shall cease and be nul[ and void. AND THE MORTGAGORS DO hereby cvveaant and agree; 2. To pay sll and singular the princi'pal and intece,st and other sutnc of money payable by virtue of said promissory note :?nd this mortgage, or eitber, promptly on the days respectively the same severaUy come due. . 2. To pey all and singular ihe ta~ces, a~ents, levies, liabilities, obligations and incumbrances of every nature and ldnd ~ now on said de~ibed property, or that hereaker may be impo~c~ suffered, placed, levied~ or assessed t6ereon, or that hereafter ? may be levied or as~ssed upon thu Moi~tgage, or the indelbtedness serured heneby, cach and every, when due and payable, a according to law, before tbey beoome delinquent, and before any interest attaches or anype nalty is imcurred; and inwfar as ; any the~of is of record the same shall be promptly satisfied and discharged of record and the original official document (such ss, for instance, the tas receipt or the satisfaction paper officially eadorsed or certified) shall be placed in the h~nds of said Association as Mortgagee witlun teo days next after payment; and in the event that any theneof is not peid, satisfic~d and discharged, said Association may at any time pay the same or any part thereof without waiving or affe~ting any option, Uen, equity or right under or by virtue of this I?todgage, and the full amount of each and every such payment shaA be immecliately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in the note securect hereby and together with snch inter- est shall be sec~ued by the lien of this Mortgage. 3. To keep the buildings and all equipmenc and personai propenr norv or her~aiter on uid premises oovered by thi: mortgagr~ insured in a sum equal to at leau the amount of che mortgage, or an amount wificient to rnmplr ~vith an~ co-imuranoe requite- ment covering the same under the la~n of the State oE Florida, mvering loss from both tin and storm. making the loa undet :aid policies, each and every. payable to th~ Associatan. u morcgagee. u ia incerat may apppr. and said i~uurance ~uli be in a good and tespomiWe insurance rnmpanr satisEaaory to said Asiotiation, and written by a reapoasible locrt agent utis[actory to said Asto- ciation; and the policy or policies shall bear a standard mortgage clause wtithout contributioa, and, if tht original ptincipal amount of the mongage is Fifty 7'housand and no/100 Dollats (~50.0OO.Op) or in occat thereof. shall be AeW b~r the Atsociation, aad, in the event any sum of money beooma payabie under such policy or policies. the A~ociacion shall hav~ t6e option to reaive and apply che same on accounc of che indrbcedness 6ereby :ecured, or co peratit the mortgagors to rc~oeive and use ic, or any part thtr+eof, for other purposes, withaut therebr w~aiving or imp~iring any equity, lien, or right undcr aad by vittuc of this mortgage. and ma~ place and pay tor such insurance, or any pan thereof, witho~t waiving or aEEectidg its option to forecbse, or any right hetrunder. and the tull amount of each and every such papment shall be immediacely due aad paqabie and shall bear i~terest imm the date chereof uaW paid u the nte stated in the note secured hereby and together with such interat shall be secured br the lien of thi: 1lfortgaga ~ Tope rmit, commit, or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon ~ the faituro of the morigagors to keep ihe buildings on said property in good condition of repair, the Association may demand t6e immediate repair of said buildings or the immediate repayment of the debt hereby socured, and the failure of the mortgagors ! to oomplv with said demand of the Association for a period of Thicty (30) days, sf?all rnnstitute a breach of this modgage, ; and, at the option of the Association, imrnediately mature the entire amonnt of principal and interest hereby secured, and t}ie Association, immediately and without notice, may institute prooeedin;s to foreclose this mortgage and applv for the appoinhnent . of a Receiver, as hereinaftet p,mvideri, ~ 5. This mortgage contract provides for additional advances which may be made at the option of the association and secured by this mortgage, and it is agc~eeci that in the event of such advances the amount may be added to the mortgage debt and shall mcrease the unimid balanoc of the note hereby secnred by the amount of surh advanee and shall be a part ~ saicl note indebtedness undec all ihe terms of said note and this contract as fully as ~f a new such note and contract were executed and delivered. M additional advanee agreement may be given and accepted for such advance and provision may be made for d;fferent monthlv payments and a diEferent interest rate and other express modifications of tbe oontract, but in all other respects ihis contract shall remain in fu11 forre and effect as to said indebtedness, inctuding aD advances, 8. If any of the snms of mouey herein referred to be not promptly and fully pnid within Thirty (30) days next after the aame severaIIy eome due and payable. or if eaeh and every the stipulations~ agreemer~t, c~onditior~.e, and cm~enants of said promissory note and this deed, or either, are not duly performed, complied with and abided by, the agg~+egate sum me.ationed in said promicsory note and any ot}?er amount ar amounts added to the mortgage indebtedness nnder the terms of this mortgage shali beoome due and payable forthwith or thcreafter at the option of ihe Association, as fWty and oompietely as if said aggregate withstandin ~ was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- & • 7, To deiiver M the ,~?ssociation, on or before rlarch 15th, of each year, taz reoe;pb ev;denc;,,g the payment of all laM•- fuUy im tazes for the preceding calendar year; to deliver to the Association receipts evideocing the payment of ap ]iens n for pub ' improvements within ninety (90) days aker the same shaD bemme due and p~ayable, and to pay ~ discharge within ninety (90) days aker dne date~ any and ai) governmeatal levies that may be made on the awrtgaged property, on this mortgage ~r note, or in any other way resulting from the mortgaga indebtedness secured by this mortgage. ; . BOOK~~ PA~ ~ ~ 3 ~ S v..-~ _ _