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Home My WebLink About2662 ~ ~ 1 ~ • . at all times ceably and quietty to eater upon, hold, occupy and enjoy su~d lund; that said lared is free ,fFom aU encumbtances; cbac che~? w~`make such finther .ar,~ t~ pecfecc rbe fee dQ,plo tide to saia la~,a ia ~he Assoc;acion as may reasonably be require~; aAd that tLey do hereby fully vram~nt tLe title to s~id land aad will defead the same against the lawful claimt of all persons whomsoever, PROVIDED ALWAYS that iE the Martgagors shall well and tnily pay ~u?to the Association, the indebtedness evide~oed by that cert~?in promissory no~e, of e~vea date ha~ewitb, mads by the Mortgagors and pavable to the As~oclation, in the princijra) ~ ~ _TWENTY_THOUSAND_AND NO/100--------------_----------pol~~ ~=20, 000. 00 which note, together with interest thereon as tberein specified, is payable in monthly installments of ONE HUNDRED , SIXTY-FOUR AND 19/100---------------------------------------------------------- - - - - Duiia~ (i ----164. 19 on the_--- l lth-- ------day of each manth rnmmencing with------._July--11, 1972 -------_whicL paya~ents are to be applied, f;rst to interest, and the balance m principal, unhl said indebtedness is paid in fdl, and shall pafoim, ooa~ply witb and abide by each and avery th~e stip~ilatians, agreements, conditi~s and ooveaants oI said paromitso~ry note and tl~is mort8a8a, Md, including any advances made by the Associatio~ to the M~tgagors, or their sua.~ors in titk:. fac any purpose, at any time before the releASe snd caacellation of this awrtgage, but at no tane shall this mortgage secure advanees oa account of said original uote togetber with sach additional advances in a swn in ezoess of_ TWENTY THOUSAND AND NO 10 - ~=_20j000.00----), plus any advanc~es nec~ary - -------~---~----_--__-.._'-_=--------'--------__.___---___------------n~v~ to protect the secusity and c~sts, tben thit deed and the estate hereby cxeated shall cease and be nuli and void. AND THE MORI~GAGORS DO hercby cvvenant and agree: 1. To pay all and singular the p~in~ and interest and otLer suau of money payable by virtue of said promissory note and this mortgage, or either, promptly o~ daYs respectivelY the sazne severally come due. 2. To p~y all and smgular the tazes, a~essments, levies, liabilitiGt, obligations and incumbrances of every nature and kind ~.~sv on said desaibed prnperty, or that hereafter may be im , suffered, Placed, levied, or as~ed thereot?, or that hereafter may be levied or assessed up~n this Mortgage, or the nx~ess sec~red he:eby, cach and every, when due aad payable, aocording to 1aw, before they become deW~quent, and before any interest attad~es or any penalty is ~ed; and inwfar su any tbereof is of record the same shalZ be pr+nmptly satisfied and di9charged of reoord and the original official doc~ment (such as, for inttance, the tax receipt or the satisfac6ion paper officially enclorsed or certified) shall be placed in the hands of said Association as Mortgagee within ten days next aftez payment; and in the event that any then~of is not paid, wt~~~ a~ ~liseharged, said Association may at any time pay the same or any pari thereaf without waiving or affeeting any option, lien, equity or nght under a~ by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due andp~ yable and shall bear interest from the date thereof until paid at the rate stated in the note secured hereby and together with such inter- est shall be secvred by the lien of thi4 Mortgage. ' 3. To kcep the buildings and all equipmenc and personal psoperty no~r or hsrcaEter on said premises aorard bp this mortgage, insurrd in a sum equal to at least the amount oE the mortgage, or an amount sui[icient to oomply ~rith any oo-inturance t+~quire- ment oovering the ume under the laws oE the State oE Flo~ida, o~verir~g loss Iram both fue and storm, making the loa under said policies, qch and ever~r, pa~rable to the Associatan, u mortgagee. u its incerest may appear, and said inwnnce :hall be ia a good and raponsible insunnce mmpany sacisfactory co said As~ociation, and written by a rapontibk loul agent satisEacwtp to said As~o- ciation; and the policy or poliaa shall beu a standard mortgage tlause without wnttibution, and. if tht original principal amount of the mortgage is Fifty Thousand and no/100 Dollan (~.i'0,000.00) or in accas thereoE, shall be heW by the Association, and. in che event any sum oE aanep becnma pa~rable under such policp or poliaa, the Association s6all 6ave the option w reotive and apply che same on acaount oE the iadebtednesc hereby secured, or to permit the wongagon w reative aad use it, or aay put thereof, for other purposes. without thereby Maiving or impairing any equity, lien, or right under and by virtue of this mortgage, and may place and pay Eor such inwrance. or anr part thereof, withouc waiving or affecting its option to foreclose. or any right herrnnder. and the full a~unt of each and every such payment shall be immediately due and papable and shall bear interat Erom the date chereo[ until paid at the nte s~atod in the note secured henby and together ~vith such iaterest shall be secured by the liea of this Mortgage. To permit, oommit, or suffer no waste, impairm~t or deterioration of said property, or any part thereof, and upon the failuro of the mortgagors to keep the buitdings on said prope,~ty in good c~dition of rcpair, the .9s~ocistion may deaiand the immediate repair of said buildings or the irnmediate repayment of the debt hereby sc~cured, and the failure of the mortgagors to oomplv with said demand of the Association for a period of Thirty (30) days, shall mnstitute a breach of this mortgage, and, at t'!?c option of the Association, immediately mature the entire amount of principal and interest hereby :ecured, and the Association, immed~iately and ~::.~.~at notice, may institute proceeclings to forecbse thu modgage and applv for the appointment of a Aeceiver, as hereinafter pmovided. 5. This mortgage conhact provides for additional advances which may be made at tbe option of the atwciaixin and sec~u~ed by thit mortgage~ and it is agreed that in the ev~t of such advances the amount may be added to ihe moitgage debt and shall increase the unPaid balanoe of the note hereby sec~ued by the su~ount of s~ advance and ahail be a p~rt of said note ~debtedness under all ihe terms of said note and this co~?tract as ful}y as if a new such note and cantract were executed and delivered. M additional advanoe agreement may be given and accepted for such advance and provision may be made for diffesent monthly p~yments and a different interest rate and otherezpras modifications of tbe contract, but in all other respects ihis cantract shall remain in full force and effect as~ to said indebtedaess, including all advanc~es. 6. If any of the sums of moaeyr herein neferrecl to be not promptly and fully p~id within Twrt~+ (30) days next after ihe same severally come due and payable, or if each and every the stipulations~ ooneement, conditions, and covenants of said promissory note and this deed, or either, are not duly perfoaned, oomplied with and abided by, ibe aggiegate snm mentioned in said promissory note and any other amount ar amoimts added to tbe mottgage indebtedness under the terms of thit mortgage shall beoome due and payable fodhwith or thereafter at the option of the Assoeiation, as fully and oocnpletely as if said aggregate ey was originally stipulated to be poid on such day, anything in said promissory note or herein to the contiary not- & 7. To deliver to the Associatio~, on or before ~iarch 15t6, of each year, tax receipts evidencing the peyment of all law•- fully imposed taxes for the preceding calendar year; to deliver to the Acsociation receipb evidencun~g tbe payment of ap liens for public impmvements within ninety (90) days aker the same shaII hecome due and payable, and to pay or discharge within ninetY (90) davs aker due date, any and all govemmeatal levies tbat may be made on the mortSaged ~OI'erh'• on this mortgage or note, or in any other way resulting from the mortgage indebtedness secured by this mortgage. ( ' ; - - - ; _ -