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Home My WebLink About0310 969£ X 't: 'c 50Z , . . , t1Cic. . . Noiidao~~~~ 3~i.. . __.::sv at all times peaceably and quiedy to entet upon, hold, occupy and cnjoy suid lx~d; that suid land es fre~ Erom aU encumbrances; that they will make such futthet ass~rances bo petfect the fes dmple tide to said land in the Association as may masonably be required; and that they do bereby fully warrant t1k title to said la~d and will defe~?d the same against the lawful ctainu of all persons ~vhomsocver. PROVIDED ALWAYS tbut if thc I~loctgagors shall well and truly pay unto the Association, the indebtednesc evidenced by that certain promissory note~ of even date berewitb, made by the Mortgagors and payabie to the Association, in the pri~cipa) su,m oEFIE_TEEN__TIiQUSA.ND._AND NQ~.10~-_-.--.-.---.-------_----------no~l:i~s ~a i5, 000. 00 1, which note~ together with interest thereon as therein specified, is ~tyable in monthly instaliments of ~NDRED EIGHTEEN AND 56/100----------------------------------------------------- Doltars (s ,118. 56 . _ ' on the. 12th-- --.day of each month commencing with._July_--12j---1972------- ----which payments , - - - - - are to be applied, first m interest, and the balance to principal, unW said indebtedness is p~id in full, and shall perform, oo~nply with and abide by each and every the stipulations, agreements, conditions and covenants of said pmmissory note and th~s morigage, Md, including any advances made by the Association to the Mortgagocs, or their succ~ssors in titlC, for any purpoae, at anv time before the release and rancellation of this mortgage, 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 oE__ FIFTEEN_THOUSAND AND______ NO _ 100------ 15 000. 00 ~ - - - - - - . . Dollars ( 5--- ) plus any advanc~es necessary - - - . to pmtect the sccurity and casts, then this deed and tl~e estate hereby created shall ceax and be null and void. AND THE MORTGAGORS DO hereby cvveaant and agree: ~ ' 1. To pay all and singular the princi~aI and intecest arid other s~uns of money payable by virtue of said promissory note ~ and this mortgage, or either. promptly on the days respectively the same severally come due. 2. To pay aIl and singular. the taues, a~ssmenis, levies, liabilities, obligations and incnmbrances of every nature and kind nuw on said described pmperty. or that hereaker may be im~, suffered, placed, levied, or assessed thereon, or that hereafter ~ may be levied or assessed upon this Mortgage, or tbe mde edness securecl hereby, each and every, w~en due and payable, according to law, before they become delinquent, and before any interest attaches or any penalty is incurred; and insofar as any thereof is of re~ord the same shall be promptly satisfied and discharged of record and the original official document (such ~s, Eor instance, the tax receipt or the satisfaction paper officially endors~d or certiEied) shall be placed in the hands of said Associatiai as `tortgagee within ten days neat after payment; and in the event that any thereof is not paid, satisfied and disrharged, said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equity or right under or by virhae of this ~4tortgage, and the full amount of each and ever~r such payment shall be immediately due and yable and shall bear interest from the date ihereoE until paid at the rate stated in the note secured hereb~• and together with suc~inter- est shall be secured by the lien of ihis Mortgage. 3. To keep the buiWings and all equipmtnt and pecsonal property now or hereafter on uid premises rnvered br this awrtgage. insured in a sum equal to at least the amount of the mortgage. or an amount sufE+cient to mmplr writh any co-insurance require- ment mveting the same under the laws oE the State oi Florida, mvering loss Emm both [ire and storm. making the loss under said polici~s, tach and every, payable to the Association, u mortgagee, as its interest may appear, and said insunnce shall be in a good and raponsible insurance_company satisiactory to said Association, and written by a raponsibk local agent satistactory to said Asao- ciation; and the policy or policies shatl bear a seandard mottgage ciause without mntribution, and, if the original principal amount oE the mortgage is Fitty Thousand and no/ 100 Doll~n (s50,000.00) or in excesa thereoE. shall be hdd by the Association, and, in the event any sum of money becomes payable under such policq. or policies, the Association ahall have the option to nceive and apply the same on accaunt of tht indebtedness hereby securcd. or to permit the mongagois to teceive and ust it, or anr part thereof. for other purposes, without thenby waiving or impaering ~~r ~~~cr, lien, or right under ~nd by virtue oE this mortgage, and may place and par for such insunnce, or any part thereof, without waivinq or affecting its option to [orecbse, or any right hereunder. and the full amount oE each and every such payment shall be immediacely due and payable and shall bear interat fropn the date thereof until paid at the nte stated in the note secund hereby and together with such intenst shall be secuted br the lien oE thi~ Mortgage. 4. To permit, commit, or suffer no waste, impairment or deterioration of said propert}', or ciny part thereof, and upon the failuro of the mortgagors to keep the buildings ~ said property en good condition of repair, the Association may demand the immerliate repair of said buildings or the immediate rePayment oE the debt hereby secured, and the failure of the mortgagors ~ to oomply with said demand of the Auoci.ltion for a period of Thirty (30) days, shall eonstitute a breach of this mortgage, and, at the 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 applv for the appointment ; of a Receiver, as hereinafter provide~. ; 5. This morigage c~a~tract provides for additiona) 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 shall increase the unPaid balance of the note hereby secured by the amount of such advance and shall be a part of said note indebtedness under alI the terms of said note and this contract as fully as if a new such note and contract w•ere executed and delivered. An additional advance agreement mav be given and accepted (or such advance and provision may be made for clifferent monthlv paYments and a different interest rate and other express modifications of the rnntract, but in ail other respects ~his contract shall remain in full fotce and effect as to said indebtedness, including all advances. - 8. If any of the sums of money herein referred to be not promptly and fully paid widun Thuty (30) days next after i the same severally come due and payable, or if each and every the stipulations, ao eement, conditions, and covenants of said ; promissory note and thit deed, or eiiher, are uot duly performed, complied with and abided by, ihe aggregate sum menbio~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 pa~~ble forthwith or thcreafter at the option of the Association, as futly and rnmpletely as if said aggregate ~ sum of money was originally stipulated to be paid on such day, an}+~hing in saic2 promissory note or herein to the contrarp not- S withstanding. i 7. To detiver to the Association, on or before tliarch 15th, of each }'e:ir, tax receipts evidencing the payment of all 1aw~- ~ fully imposed taxes for the precFding calendar year; to deliver to the Association receipis evidencing the payment of all liens ! for pub~ic ~mprovements within ninety (90) days after the same shall hecome due and payable. aad to pay or discharge within ; ninety (90) days after due date, any and al! govemmental levies that may be made on the mortgaged pro~xrty, on this mortRage " cn note~ ar in any other way msuiting from the martgage indebtedness secured by this mortgage. ~ , t~ ~ ~O ~ ~ ~ " < u = : ~~r ~ ~ ° ~ ~-t y~. e ,r~,~ ~ , ..ir°`~: ~ ~~F'~-~ ~~~ey~~r~ ~.t a._ _ ~~~w~._.-_