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Home My WebLink About2637 at all timespeaceably and quiedy to enter upoa. hu1d, occu1~ y and enjoy suid kind; that said land 'u frc~e from all e~?cumbrances: that they will make such fu~ther auuranoes to Petf°ct t~° ~e d~P~e title to said land in the Association as may rc:uonably bo required; and that they do hereby fiilly watraat the titb to said land and will defend the sume against the lawful claims of all persons whomsoever. . PROVIDED ALWAYS that if the I?iortgagors shaA weU and truly pay unto tl?e Association, thc indebtedness evidenced by that certain promissory note, of even date berewitb. made by the Mortgagors and pavable to the Association, in the principal sum of EIGHTEEI1i. TH~~SANI2.~ND.11iO~1~Oths-. - - - Dotlars (s 18, 000. 00 which note, together with interest thereon as therein sPecified, is p.lyablc in monthly installments of 0~ ~NDRED FURTX-~WQ_AN~?.~?/iQ.Qths- - - - - - - - - - - - _ - - - - ..no113rs (S _142.2? - g ----------------which ts on the.-----_l~t_.._.---day of each month commencin w;ch----- June _1L 19?2 • ~y~ are to be applied. first to interest. and ihe balance to princ~ipal, until said indebtedness is paid 'm full, and shall pe:foim, co~ with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and ' mozt a e, And, including any advances made by the As~ociation to the Mortgagon. or their successois in titla, for any putpose, at anyg'tune before the mlease and caucellation of this morigage, but at no time shall this mortgage secure advances on account of said original note together with such additional advances in a sum in excess of_ EIGHTEEN THOUSAND_AND____ NO/100ths- - - - - - - - - - - - - - - -.~ollars (i--18=000.00____), plus any advances necessarv - - - - - - - - - - to protect the security and costs, then ibis deed and the estate hereby created shall cease and be null and voi . AND THE I?iORTGAGORS DO hereby cuvenant and agree: 1. To pay all and singular the principa1 and interest and other sums of money payable by virtue of said promissory note and this mortgage, or either, prompdy on the days respe~.~tively the same severally come due. 2. To pay all and singWar the ta~ces, assessments, levies. liabilities, obligations and incwnbrances of every nature and ldnd now on said desrribed ~operty, or that hereafter may be im~ , suffered, placed, levicd, or assessed thereon, or that hereafter may be levied or assessed upon this Mortgage, or the indebtedness securecl hertby, cach and every, when due and payable, according to law, before tl~ey become delinquent, and before any interest attaches or any penalty it incarred; and insofar as any thereof is of record the same sl~all be promptly satisfied and discharged of record and the original official document (such as, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Association as Mortgagee within teu days nezt after paYment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any tin?e pay the san?e or any pazt thereof ~vithout waiving or affecting any option, lien, equity or right under or by virtue of this !~iortgage, and the full amount of each and every such payment shall be immediately due andpa yable and shall bear interest from the date ihereof until paid at the rate stated in the note secun~ci hereb~• and together with such inter- est shall be secured by the lien of thic Mortgage. 3. To keep the buildings and all equipment and petsonal property now or hereafter on said premisa covered by this mortgage. insured in a sum equal to at least the amount of the mortgage, or an amount sufEicient to comply with any eo-insurance require- ment wvering the same under the laws oE the State oE Florida, covering loas tmm both tire and storm, making the lou under said policies, each s~d every, payable w the Association, as mortgagee. as iu interest may appear, and said insunnce shall be in a good Ii and responsible insurance mmpany satisfaaory to said Association, and written by a responsibk local agent satisfactor~r to said Asao- ~ ciation; and the policy or policia shall bear a standard mortgage clause without mntribution, and, if the original principal amount oE the mortgage is Fi[tr Thousand and no/ 100 Dollus (~50.000.00) or in excas thereof. shall be held by the Associacion, and, in ~i~e event any sum of monep becomes papable under such policy or poiicies, the Association shaU luve the option to receive and apply the same on acoount of the indebtedness herebr secured, or to permit the mottgagois co receive and use it, or any patt thertof, for other purpoaes, without thereby waiving or impairing any equity, lien, or right under and by virtue of this mortgage, and may place and pay for such insunnce, or any part thereof, without waiving or attecting its option to [oreclose, or any tight here~nder. and the tull amount of each and every such payment shall be immediately due and payable and shall bear interat itom the date ehereoE until paid ae the rate stated in the noee secured hereby and together with such interest shall be secured br the liea oE thia Mortgage. To permit, rnmmit, or suffer no waste, impairment or deterioration of said property, or a~ny part thereof, and upon the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the 4csociation may demand the immediate repair of said buildings or the immediate repayment of the debt hereby socured, and the failure of the morigagors to comply ~vith said demand of the Association for a period of Thirty (30) days, shall const~tute a breach of this m~rtgage, and, at thc option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the Association, immediately and without notice, may institute proceedin;s to foreclose this mortgage and app)v for the appointment of a Receiver, as hereinaker provided. 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 agreed that in the event of such advances the amount may be added to the mortgage debt and shaD increase the unpaid balance of the note hereby secured by the amount of such advance and shall be a part of ~id ~ note indebtedness under all the terms of said note and this contract as fully as if a new such note and contract v?~ere executed and delivered. M additional advance agreement may be given and accepted for such ad'vance and provision may be made for ciifferent monthly payments and a different interest rate and other express malifications of the contraM, but in all other respects ihis contrad shall remain in full force and effect as to said indebtedness, including all advances. ~ 8. If any of the sums of money herein referred to be not prompdy and fully paid within Thirty (30) days next after the same severally come due and payable~ or if each and every the stipulations, ao eement, conditions, and rnvenants of said promissory note and this deed, or either, are not duly performed, complied with and abided by, ihe aggregate sum mentio~ed in said promissory note and any other amount or amounts added to the mortgage indebtedness under the terms of this mortgage shall become due and payable forthwith or thereaker at the option of the Associarion, as fiilly and completely az if said aggregate sum of money was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- withstanding. 7. To deliver to the Association, on or before March 15th, of each year, taa receipts evidencing the payment of all ]aw•- fully imposed taxes for the precerling calend:u year; to deliver to the Auociation receipts evidencing ihe payment of all liens for public unprovements within ninety (90) days after the same shall ~ecome due and payable, and to pay or discl~arge within ninety (90) days after due date, any and all governmental levies that may be made on the modgaged pmperty, on this mortgage or note~ or in any other ~vay resulting from the mortgage indebtedness secured by this mortgage. ( QU~~~ ~CE~rWV -