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Home My WebLink About1146 . ; . : , . r at all timespeaceably and qutetty to enter upon, hold, oecu y a~d enjoy said lund; that said land is free from all encumbrances: that they will make such fu~ ass~uanoe~a ~o pecfed the dmplc title to said laad in the Association as may reasonably be requir+ed; and that they do hereby fully wan~nt the title to aaid land and wiU deEend the snme against the ta~vful claims of aA persons whomsoever. PROVIDED ALWAYS thut if the riortgagors shall weU and truly pay unto the Association, the iridebtedness evidenced by that ceitain pmmissory note, of even dade becewidi, msde by the Mortgagors and pay~able to the Association, in the principal S~,n, ~ FIFTEEN. THOUSAND_ AND_ NO/_100ths-_ - _ - - - po~~,.,~ ~z 15, 000. 00 which note, together with interest there~n as the~in specified, is payable in monthly installments of OI~E .I3UNARED ---.TEI~I.AlYD_8~~.100ths-_-.---- - - - - - - _ _ - - - _ . . . . . ~ _ - - - ~ - . _ . - - - - - ~ . - - , - - - - - n~lt~ (s _ _ _110, 85.._ ~ on the----- .2~1~~?-----.day of each month eommencing with----- -----Ma,~f_-~iQ+---1~72-----------------------------------_which payments :u~e to be :ipplied, first to interest, and the balance to princapal, until said indebtedness is paid in full, and shall parfonq oo~ap~y with and abide by ~ch and every the stipu1ahons, agreements, conditions and coveaants of said promissory note and tius mortgage, And, iacluding any advances made by the Association to the Mottgagors, ~ their successors in titks, for any pturpose, at any time before the release and cancellation of this mortgage, but at ia time shall this mortgage secure advanccs on account of said original note together with snch additional advances in a sum in excess of_..~I~'TEEN THOUSAND AND NO/100ths- - - - - - - - - - - - - - - - --`-----Dollars __~~,.4.~4,.~0_) plus any advanc~es necessary ~ - (s--- . to protect the seeurity and costs, then this deed and the estate hereby created shall cease and be nul[ and void, AND THE MOR1'GAGORS DO hereby cvvenant and agree: 1. To pay a11 and singular the princi~ and interest and other sums of money payable by virtue of said promissory note .+nd this mortgage, or either, promptly on days respectively the same severally come due. ~ 2. To pay all and singular the ta~c~s, as~sments, levies, liabilities, obligations and incumbrances of every nahue and ldnd ~ now on said desaibed p~+nperly, or that hereaker may be im~~, suffez+ed, placed, levied, or as~sed thereon, or that hereafter may be levied or assessed upon this Mortgage, or tbe ind ess secured hereby, cach and every, when due and payab1e, according to Iaw, before they become detinquent, and before any interest attaches or anype nalty is incurred; and inSOfar as any thereof is of record the same sl~all be promptly satisfie~ and discharged of record and the original official document (such ss, for instance, the cax receipt or the ratisfaction paper officially endorsed or certified) shalt be placed in the hands of said Association as i~iorigagee wi~i,u, t~, day-s n~zt aftcr pa}'znsnt; sn~ in t~ event that any thereof is rwt paid, satisfied and discharged. said Assaciation may at any time pay the same or any pert ihereof t»thont waiving or affecting any option, lien, equity or right under or by virtue of this !1lortgage, and ihe full amount of each and every such payment shall be immediately due andpa yable and shall bear interat from the date thereof until paid at the rate stated in the note secured hereby and together with such inter- est shall be seciued by the lien of tI~is Mortgage. 3. To keep che buildings and all equipment and petsonal property now or herea[ttt on said premises rnvered br thii mottgage. ' insured in a sum equal to at teut the amount of che mortgage, or an amount wfficient to comply ~,rith any eo-insunace requira ment rnvering the same under the laws oE the State oE Florid~, oovering loss Erom both fire and storm. making the bp undtr :aid policies, each and every. payabk w the Associaeion, as mortgagce. u its intetesc may appear, and said insuranct shall be in a gooei and raponsiWe insurance company satisfactory to said Association, and written bq a raponsibk local agent satisfxtory to sa~ As~o- ciation; and the policg or policia shall bear a standard mortgage dause without rnntribution, and, if the original prindpal amount of the mottgage is Fiity Thousand and no/ 100 Dollan (=50.000.00) or in accas ehereoE, shall be held by the As~ociatioa. and, in the event any sum of mone~r becomes payable under such policy or policies, the Asaociation ~ull havt the option to reoeive and apply the same on account o[ che indebtedness herebr secured, or to permit the mortgagrrzs to, reoeive and use it, or aay put thenof, fot ocher purposes, without thereby waiving or impairi~g anr equitr, lien, or right under and by virtue ot this mortgage. and may ' place and par for such insurance, or any pan thereo[, without waiving or affecting its option to [oredose, or any right hereunder. ~ and the full amount of each and every such payment shall be immediately due and payable and shall bear interest imm the date i chereof until paid ae the nte scated in che note secured hereby and together wit6 such interat s6a11 be secnred by tt?e lien o[ this 'i Mortgage. r ~ 4. To permit, commit, or snffer no waste, impairment or deterioration of said propert~•, ar.iny part thereof, and upon ~ the failuro of the mortgagors to keep the buildings on said pr~perty in good condition of repair, the Assoeiation may demand the ; immediate rep~ir of said buildings or the immediate repayment of the debt hereby socured, and the failure of tbe mortgagors to oomplv with said demand of the Association for a period of Thirty (30) days, shall constitute a breach of ihis modgage, ~ and, at t~e option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the ~ Association, immediately and withont noticP, may institute proc~edin;s to foreclose ihic mortgage and app}v for ihe appoustment f of a Aeceiver, as hereinafter provided. ~ 5. This mortgage contract prnvides for additional advances which may be made at the option of the associatian and ~ secured by this mortgage, and it is agreed that in the event of suc~ advances the amount may be added to the mortgage debt ~ and shall increase tbe unPaid balance of the note hereby sec~ired by the amount of s~ch advanc~e and shall be a part of said ! note indebtedness under all the terms of said note and this contraM as fully as if a new such note and contract w~ere eacecuted ~ and delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for clifferent monthly payments ..nd a different interest rate and other eapress modifications of tbe rnntract, but in ali other respects ~ ihis contract shall remain in futl force and effect as to said indebtedness, including all advanc~es. i 6. If any of the sums of ma~ey herein referred to be not promptly and fully paid within Thirty (30} days next after E the rame severally come due and payable, or if each and every the sti ulations, oor~eemen~ conditions, and rnvenants of said e promicsory note and this deed, ar either, are not duly perfozmed, rnmp 'ed with and abided by, the aggregate sum mentioned ~ in said promissory note and any other amount ar amonnts added to t}ie moitgage indebtedness under the terms of this mortgage sha11 become due and pay3bk forthwith or thcreafter at the option of the Association, as fully and oompletely as if said aggregate ~ ~~ney was originally stipuiated to be paid on such day, anything in said prcvnissory note or herein to the contrary not- I g ` 7. To deliver to the Association, on or before March 15th, of each year, tax receipts evidencing ihe payment of all law•- ~ fully imposed tazes for the prececling calendaz year; to deliver to the Association receipts evideacing the payment of all liens for public improvements within ninety (90) days aker the same shall beoome due and payable, and to pay or discharge within ninety (90) days aker doe date, any and all govemmental levies that may be made on tlie mortgaged property, on this mo~tgage or note, ot in any other way resulting from the mortgage indebtedness secured by this mortgage. - ecoK ~~2 PacE~~46 ; - -