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Home My WebLink About2658 ~'~Ct ~t TI~@ ~,f a• Of E~0(1~ at aU times praceably and quiedy to enter apon, hold, cxrupy and cnjoy sa~d lxnd; that said land is frc*e from all encumbrances; that they will make such further assurances to perfect t~?e fee simple title to said land in the Association as ma~r reusonahly be required; and that they do hereby fully warrant the tide to sa?d la~d and will defend the same ag~ei~ut the Ia~vfu) claims of ::Il peisons ~~~humscever, PROVIDED ALWAYS that if the rlortgagurs shail weii and truly pay unto the ~ssociation, the indebtedness e~~denced by that ceritt;;. rrc::lissory note, of even date herewith, made by the Mortgagors and payable ta the Association, in th~ princi~~.11 .um of THIRTY ONE THOUSAND SIX HUNDRED AND NO/100--------- po~~,~~ ~s 31 ~ 600 . 00 which note, together K7t}I intemst therean as therein s~ecified, is payuble in manthly installments of TWO HUtZDRED FORTY-NINE AND 77/100-------------------•---------------------------------- . Do113~s ~s . 249 . 77 - an the _ 1St day of each month c~mmencing ~vith.. .._DeCE:I[lbeY'__ l. _1972 ..___-__which payznents ~ - are to be applied, first to interest, and the balance to principal, until said indebtedness is paid in full, and shall perforay comply .vith and abide by each and every the stipulations, agreements, rnnditions tend covenants of said promissory note and t]?is mortgage, And, including any advances made by the Association to the Mortgagors, or their successors in titlr, for any purpose, at anv time before ihe release and cancellation of this mortgage, but at no time shall thu morigage secure advances on account of s:tid original note together ~vith such additional advances in a sum in e~ee~s of.. THIRTY ONE THOUSAND SIX HUNDRED AND NO/100--------------------- 3I 600.00 - Dollars (3.-----.-e--------- plus any advs~nces necessar}• - - - to proteM the security and costs, ihen this deed and the estate hereby created shall cease and be nul) and void. AND THE MORTGAGORS DO hereby a~venant and agree: 1. To pay all and singular the principal and interest and other sums of money p~a?yable by virtue of said promissory note .~nd this mortgage, or either, promptly on the days respectively the same severally come due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described property, or that hereafter may be im~, suffered, ptaced, levied, or assessed thereon, or that hereafter may be levied or assessed upon this Mortgage, or the inde tedness secured hereby, each and every•, ~vhen due and payable, 3ccording to la~v, before Lhey become delinquent, and before any interest attaches or any penalty is incumed; and insofar :u any thereof is of record the same shall be pmmptly satisfied and discharged of record and the original official document (such 1s, for uutance, the tax receipt or the satisfac~tion paper officially endorsed or certified) shall be placed in the hands of said Association as ~iortgagee within ten days next aftei payment; and in ihe event that any ihereof is not paid, satisfied and discharged, said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equity or right ? i~nder or bv virtue of this ~tortgage, and the full amount of each and every such payment shali be immecliately due andpa yable ~uid shall bear interest from the date thereof until paid at the rate stated in the note secarc~l herebti• and to~ether with such inter- est shall be sec~red by the lien of lhis Morigage. 3. To keep the buildings and all equipment and personal propetty now or hereafter on said premises covered by this mortgage. insured in a sum equal to at leut the amount o( the mongage, or an amowu sufficient to mmply with any co-insunnce require- ment covering the same under the laws of the State of Florida, covering loas [rom both [ire and storm, making the loss under said policies, each and every, payable to the Association, as mortgagee. as iu interest may appear, and uid insurance shall be in a good and responsible insurance company satis[actory to said Association, and written by a responsible local agent satisEactory to said Asso- c;ation: and the policr or policies shall bear a standard mongage dause without contribution, and, i[ the original principal amount of the mottgage is Fifty Thousand and noJ100 Dollars (;50.000.00) or in excas thereof, shall be hetd by the Association. and, in the e~•ent any sum o[ money becomes payable under such policy or policies, the Association shall have the option to receive and apply the same on account of the indebtedness hereby secured, or to permit the mongagors to receiee and use it, or any pan thereof, for other purpoaes, without thereby waiving or impairing an7 equity, lien, or right under and by vinue o[ this mortgage, and may place and pay for such insurance, or any part therro[, without wairing or a[tetting its option to [oreciose, or any right hereunder. and the [ull amount oE each and every such payment shatl be immediately due and payable and shall bear interest irom the date tiieteoi until paid at the rate stated in dir note secumd hereby and ~together with suth inteteat shall be secured by the lien of this ,~iortgage. 4. To permit, cammit, or suffer no waste, impairment or deterioration of s:iid propert~•, or any part thereof, and upon t}~e failuro of the mortgagors to keep ihe buildings on said property in good condition of repair, the Association mav demand the ' immediatc repair of s:~id bu;ldings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors ~ to comply with said demand of the Association for a periocl of Thirty (30) days, shall eonstitute a breach of this morigage, j 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 proceeclings to foreclose thu mortgage and app1~• for the appointment ~ ~f a Receiver, as hereinafter pmvided. ~ 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 addecl to the mortgage debt :~nd shai! increase the unpaid batance of the note hereby seeured by the amount of such advance and shall be a part of said note indebtedness under all the terms of said note and this-contract as fully as if a new such noie :ind contract ~~~ere executed and delivered. An additional advance agreement may be gi~'en and accepted for s~ch advance and provision ma)' be made for c~ifferent monthly pa~•ments : nd a different interest rate and other express modifications of the contract, but in all oiher respects ihis cootract shall remain in full force and effect as to said indebtedness, including all advances. 8. If any of the sums of muney herein referred to be not promptly and fvlly paid within 'Thirty (30) days next after the same severally cr~me dae and payable, or i# each and every the stipulations, agreement, conditions, and covenants of said ~ promissory note and this deed, or either, are not duly performed, complied with and abided by, ihe aggregate sum mentioned in said promissory note and anv other amount or amounts added to the mortgage indebtedness under the terms of this mortgage shail become due and ~~~able forthwith or thcreafter at the option of ihe Association, as fully and completely as if said aggregate ! sum oE money was originally stipnlated to be paid on snch dav, an~~thing in said promissory note or herein to the contrarv not- ` ~vithstanding. " - ; 7. To deliver to the Association, on or before ~larch 13th, of each year, tax receipts evidencing the payment of all law•- ~ Fidly imposed taxes for the prececling ralendar vear; to deliver to the Association receipts evidencing the payment of all liens s for public improvements wzthin ninety (90) days after the same shatl hecome due and payable, and to pay or discharge within ninety (90) da~~s after due date, any and al) governmental lcvies that may be made on the mortgaged property, on this mortgage ' ~r note, or in any ~ther way msultin~ from the mortgage indebtedness secured by this mortga~e_ ! f~ ` 60UK ~U PAG~ ~ ~ f ~ 1 rr.,.~ a,~;_ Y i~~~s~~s'~`..T'~x.e.~,:, ~ ~ i` _ w.~`~~~