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Home My WebLink About2248 . at aU timespea ceably and quiedy to enter upon, hold, occupy and cojoy snid land; tt~at s.1id land 'u free from all encumbrances; that they will ma~ce s~ch fudher assuranoes M perfect the fee dmple tida to said land in the Association as may reasonably be requin~d; and that they do hereby fuUy warrant the tide M said land and wilt defend the same against the lawfu) claims of ~ aU persons whomsoever, ' PROVIDED ALWAYS that if the Mortgagon slwU well and tnily gay unto the Associatioa, the indebtedness evidenced ~ by that cercain promi~ory note, of evea date herewitb, made by the Mortgagors and payable to the Association, in the principa! sum of _TWENTY THOUSAND FIVE HUNDRED AND NO/ 100ths p~~~z~ ~s20, 500. 00 j, which note, together with interest thereon ns therein srecified, is payuble in monthly installments ~E ONE I3~INDBED _ EORT.Y_-EIGHT _AND.1.8I lOQths - - . - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars (s _ .~1_48. 18.- on the- ------~~t- -----_day of each moath commencing with_..-- AuguSt _ 1~__1972 - ---------------which paymentt - - are to be applied, first to interest, and the balance to princip~J, until said indebtedness is paid in full, and sLall perform, oompIy with and abide by each aad every the stip~1~hons~ agreemeats~ conditions and cavenants of said pmmissory note and this mortgage. Md, inc2uding any advances made by the Association to the Mortgagors, or their successors in titlc, for any purpose, at any time before the relea.se and cancellation of this mortgage, but at no time shall this mortgage secure advances on account of said original note together with such additiona! advances in a sum in eaccess of_S~KEN.T_Y_THQ~T~.A ~TD FIVE._____ _ HUNDRED AND NO1100ths - - - - - - - ~s 20,_500._00___), plus any advances necess~ry - - to protect the security and costs, then this deed and the estate hereby created shall cease and be null and void. AND THE MORTGAGORS DO hereby cvvenaat and agn~e: " 1. To pay all and singular the principal and interest and other sums of money payable by virtue of raid promissory note .~nd this mostgage, or either, promptly on ifie days respectively the same severally come due. 2. To pay aIl and su~gular the ta~ces, a~ssments, levies, liabilities, obligations and incumbrances of every nature and kind now on raid descxibed pmoperty, or that hereafter may be imp~e~, suff~ placed, levied, or assessed thereon, or that he~+eaker may be ievied or as.sessc.~d upon this Martgage, or t6e indebtedness secured hereby, each and every, when due and payable, according to Iaw, before they_ bcoome delinquent, and before any interest attaches or aay penalty is incur~d; and insofar as any thereof is of record the same sliall be prc~mptly ratisfied and discharged of reoord and ihe original official docu_ment (such ss, for instanee, the tau reeeipc or the satisfaetion paper offirially endorsed or c~ertified) shall be plac~ed in the hands of said Association as ?~fortgagee within ten days nert after payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any time pay the same or any part thereof without waiving or affecting any option, lien, equity or right under or by virtue of this \~ortgage, and the full amonnt of each and every such payment shali be immediatety due andpa yable and shall bear interest from the date thereof antil paid at theTate stated in ihe noie securec~ hereb~• and togethr.r with such inter- est shall be seciued by the lien of ihis Mortgage, 3. To keep the buildings and all equepment and penonal property now or turtafttr on said premisea covered by this mortgage, insured in a sum equal to at least the amount of the mongage. or an amount sutfident to complr ~vith any eo-insutance requiro- ment oovering the same under che laws of the Sc~ce oE Fbrida. rnvering loas from both fire and storm. making the losa under said policies, each and every, payable w the Associaeion, as morcgagee. as iu interat m~y appear. and said insunnce ahall be in a gaod and raponsiWe insurance company satisfactory to said Association, ~nd written by a responsible local agent satisfacWry to said Aaso- ciation; and the policy or policies shall bear a sundard mortgage dause without oontribution. aad. iE the original principal amount oE the mortgage is FiEty Thousand and no/ 100 Dollars (~50,000.00) or in exce~s thereof, shall be held by the Association, and, in } the event any sum of money becanes payable uoder wch poliry or policies, the A~so~ciation shall havt th~ option to receive and applr } ehe same on acoount oE the indebtedr?ess hereby secured, or to permit the mortgag~on w receive and use it, or any part thenof. for ; ocher purpo~a, wit6out thereby waiving or impai»ng u,y ~~;~r, lien, or right under and by virtue oE this mottgage. and may place and par for such itisunnce, or any pan thereo[, without wai~ing or affecting its option to fotticlose, or any right harunder. and the fuU amount oi eac6 and every such payment ahall be immediately dae and payabk and shall bear intemt from the date ehereof until paid at the nte staeed in the note secured 6ereby and together ~rith such interest s6a11 be secured by the liea oE this Mortgage. To permit, commit, or suffer no waste, impairment or deterioration of said propert~, or any part thereof, and upon the failuro of the mortgagors to keep the buildings on said propetty in good condition of repair, the Association may demand the ~ immediate repair of raid buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors } to oomptv with said demand of the Association for a Period of Thi~ty (30) dnys, shall rnnstitute a breach of this mortga e, J and, at t~e option of tbe Association, immediately mature the entire amount of principal and interest hereby secured, and ~ Association, immediately and without notice, may institute prooeedin;s to foreclose this mortgage and apply for the appomtment ~ of a Receiver, as hereinafter provided. ; 5. 'f'his modgage oontract 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 rrwrtgage debt ~ and shaI! increase the unPaid b~alanoe of the note hereby secured by the amount of such advance and shnll be a part of said note indebtedness under aII the terms of said note and this contract as fully as if a new such note and coniract were exeruted and delivered. M additional advance agreement may be ~ven and accepted for such advance and provision may be made for ciifferent monthly payments and a different interest rate and other ez awdifications of the contraM, but in all other r~cpects r cpec ihis contraet shall remain in full foroe and effect as to said indebt ess, iocluding all advances. 6. If any of the suras of money herein neferred to be not promptlY ~~Y P~ m~ T~h' I~) ~ys next after the same severaDy come due snd payable, or if each and every the stipulations, agreement, conditions, and covenanta of said promicsory note and this deed~ or either, are not duly perfoimed, complied with and abided by, the aggregate sum mentianed in said promissory note and any other amount or amounts added to tbe modgage indebtedness under the terms of this mortgage ~ shall become due and payable forthwith or thcre~after at the option of the Assaciation, as fully and completely as if said aggregate , um~ofn~ ey was originally stipulated to be paid on such day, anything in said promissory note or herein to the conttary not- { & ~ 7. To deliver to the Association, on or before Mazch 15th, of each year, taz receipts evideacing the payment of aU law- fuLy imp~s~1 taxes for the preceding calendur year; to deliver to the Association receipts evidencing the payment of aIl liet?s for public improvements within ninety (90) days after the same shaII heoome due. and payabk~ and to pay or discharge within ninety (90) days after due date, any and all govemmental ]evies tbat may be made on the mort8$S~ ProI~*~Y, on this mortgage or note, or in any other way rPSUlting from the mortgage indebtedness secured by this mortgage. 800~~ i ~ :,~,l, , r~ r ~ . ~~~~r~~~~~~~ ~ i,~ ~,..,s"r_~ ~,F'~' . - _ ~~,~'Zwi . ~'g' ~