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Home My WebLink About2646 ; ~`~t~ ~.~t~~~~ j i i i at all timespeaoeably aad quietly to enter upaa, hold, oocupy and cnjoy s~d lund; that said land is free from sU encumbranoes; ' that tbey wil! make such fu~ assuc~noet E~ perfed tbe tee dd~ple title to said laad ia the Association as may r~asonably be required; and that thry do henby fuUy warrant the tltb to said land and will defend the same against the lawful claims of aU persons whomsoever. PROVIDED ALWAYS that if the Mortgagors shall well and truly pay unto the Association, the indebtedness evidenoed by that ce~tain promitsocy note, of even dste bera~?id~, made by the Mortgagors and pavable to the Assocfation, in the p~inci~xal 5,,,~ ~ _.FOURTEEN_,THOUSAND.AND_NOl_~00-_-_--.-_-_---_-.--_-.---_-.---_--po».q~ 14~000._00 which note, together with inteiest thereon as therein specified, is payable in monthty installme~is of. ONE HUNDRED _ ~ ONE AND 20~100---------------------_--,-------------_---_-_--_------_ 101. 20 _ - - - - - - - - Dollars (S- - ~ - - on the------13t---- ----day of each ma?th commencing with------- ---J~Y--1, 1972 -------------------^--------------------_wbich paymetits are to be applied, first to interest, and the balance to pric~cipal, until said indebtedness is paid in full, and shaII periorm, ooanply with and abide by each and every the ~tions, agreements, conditions and covenants of said p~+omiaory? note and t~iis mortBaFe. And. includi~'b any advat~ces ma by the Association to the Mortgagors, or their suocessors in titlv, fa any purpo~se, at any tia~e before the releaae and cancdlation of this mortgage, but at no tin?e shall this mortgage secure advances on account of said original note togetl~er with such additional ~dvances in ~ sum in excess oE.__FOURTEEN THOUSAND AND NOj100---_-------------------__----~-~ --~=-"---.--nouars (3__,.]~4,_~44~.QQ__). p1~s any advances n~ary to protect ihe secwrity and ..;>sts, tben this deed and thc estate hereby created shaA cea'e and be nnil and void. AND THE MORTGAGORS DO hereby cvvenant and agrae: ' ~ , 1. To pay all and singular the principal and interest and other swns of money? payable by virtue of said promissory note and thic mortgage, or eitLer, prompily on the days respectively the same severaDy cosne due. 2, 1'o pay al1 and siagular tbe mzes, a~ments, l~wies, liabilities, obligatioiu and incumbrances of every nature ~nd kind r now on said described pa~opecty, or that hereafter ma be im~, suffered, placed, levied, or ass~ed thereos, or that hereafter may be levied or asse~ed upon thit Mo~tgage, or ind ess secured hereby, each and every, when due and payable, ~ccording to law, before they beoome delinquent, and before any interest attachet or anype nalty is incurred; and intofar ns ; any thereof is of recoiid the same shall be prompily satisfied and discharged of reoord and the original of~icial document (such ` ss, for instance, the tax receipt or the satisfaction paper officially endorsed or certiEied) shall be placed in ihe hands of said ` Association as Mortgagee within ten days neut after payment; and in the gvent that aay thereof is not paid, satisfied and discharged, said Association may at any time pay the same or any part thereof without waiving or aNecwn' g any option~ lien, equity or ri~t under oar by virtue of this Alortgage, and the full aawunt of each and every such payment shall be immediately due andga ya le and shall bear interest from the date tbereof until paid at the rate stated in the note senired hereby and together with such inter- est shaD be senired by the lien of ihis Mortgage. 3. To keep the buildings aad all equipment and penonal propetty no~r or hereafter on said premiaa aovered by thn mortgagr, insured in a sum equal to at kast t6e amount of the mor[gage, or an amount sufficient to complr writh any ro-imunnce requira ment wvrring the same undtr the lawra oE the State of Fbrida, covering loas irom both Eire and storm. making the laa undtt :aid ~ policies, each and every, payabk to the Association, u mortgagee, u its interest may appear. and said i~urance shall be in a good j and responsiWe insurance mmpany aatisfaaory to said Association, and written by a raponsibk local agent aatisiacto~r to uid Assa ~ ciation: and the polic~r or policis shall bear a standard mortgage dause withoat mntributioa. aad. if the original prinapal amwint of the mortgage is Fifty Thouaand and no/100 Dollus (=50.000.00) or in accas thereof. shall be held by the A~ociztion, and, in ehe eveat any sum oE monryr becomes papable under such policy or policies. the A~ociation s6all 6ave the option w receive and apply ' che same on acoount of che indebtednas hereby secured, or w permit the aartgagoa w rooeive and use it, or any part t6rrcof, for ~ ocher purposes, without thereby waiving or impairing any equicq, lien, or right under and by virtue of chis mortgage, and may place and par for sath insunnce, or anr pan thereof, without waiving ot affecting its option to fomlose, or any rig6t he:tunder. and the full amount oE each and every such payment shall be immediately due and payabk and shall bcar incerat from the date chereoE until paid at the nte itaced in the noce securod hereby and uigether rrith suc6 iaterat ~all be aecured by the liea of this biongage. 4. To permit, rnmmit, or suffer no waste, impairment or deterioration of said property, or .~uy part thereof, and upon tF~e failuro of ihe mortgagors to keep the buildings on said propedy in good rondition of rep~ir, the :~soeiation may demand the immediate repair of said buildings or the immediate repayment of the debt hereby socured, and the failure of the mortgagois to wmply with said demand of the Association for a period of Thidy (30) days, shall constitute a breach of this modga e, and, at the optian of tl~e Association, immediately mature the entire amount of ~xincipal and interest hereby secured, and x Association, immediately and without notice, may institute proceedin;s to foreclo this mortgage and apply for the appointment of a Receiver, as hereit~after pmvided. 5. lhis inortgage contract provides for additionul advaoces which m~y be made at the option of the association and seclu+ed bp this mortgage, and it is agieed that in the eveat of. s~ch advances the amount may be added m the mortgage debt - and shall increaae the unpaid balance of the note hereby secured by the amount of such advance and shall be a part of said note indebtedness under aU the ter~ns of said note and t}?is contract as fuUy az if a new snch note and contraM were executed and delivered. M additional advance agreement may be given and acoepted for suc6 advanoe and provision may be made for clifferent monthly payments und a different interest rate and other express awdifications of tLe contract, but in all other respecis this contract shall remain in full force and effect as to said indebtedness, including aIl advances. 8. If any of ihe s~ms of money herein refenred to be not prompdy and fiilly paid within Thicty (30) days next aker the same severally come due and payable, or if each and every the stipulations, aor°reement, conditions, and rnvenants of said promissory note and this deed, or either, are not dWy perfarmed, complied with and abided by, the aggregate sam meniioned in said promissory note and any other amount ar amounts added to the mortgage indebtedness under the tenons of this awrtgage , shall become due and payable forthwith or thereafter at ihe option of the Aasociation, as fuUy and complexely as if said aggregate withatandin ~ was originally stipulated to be paid on suc6 daY• anYtlung fn said pramissary note or herein to the contrary not- S- ~ 7. To deliver to the Association, on or before March 15th, of each year, tax reeeipts evide~cing the payment of all law•- fully~ taxes for the preeeciing calendar year; to deliver to ihe Association receipts evidencing the payment of 311 liens ' for impanvements withir~ ninety (90) days after the same shall hecome due and payable, and to pay or discharge wit}~in I ninety (90) days after dae date, any and all govemmental levies that tnay be made on the mo~rtgaged property, an this mortgage or note. or in any other way resulting from the mortgage-indebtedness secared by this mortgage. i ~ . i ' ~ s°oa 20Z ~fz6~ . . ~ ° g':,-~`„"" -s -`.~.z °:t~..~` _ - _ _ - .~~t' -tir~' -