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Home My WebLink About0118 ~t all times peaceably and quiedy to enter upon, hold, ocru y and enjoy satd land; that s:iid laiid is free from s?U eaicumbrances; th:?t tl~ey will make such further essurances to perfect the ~ee slmPle title to suid land in the Association as may rcasoiuzbly ix: required; and that they do hereby fully wanant the tido to said land aud ~vill defend the same against the lawEul cluims of :;11 persons whomsoever. PROYIDED AL\VAYS thut if the 1liortgagors shall well and tntly pay unto the Associatien, the inaebtedness evidenced h~~ that certain promissory note, of even date hecewith, made by the I~lortgagon and payabie to the Assaciation, in the principal ,~~rn of EIGHTEEN THOUSAND FOUR HUNDRED AND NO/100----- ~s 18, 400.00 1~ ~~hich note, together with interest thereon as therein specified, is payable in monthly installments of ONE HUND$ED THIRTY-THR,EE AND 01I100----------------------------------------------- - - Dollars (s . 133. 02 - . on the. 15~ day of each month c~mmencing ~vith February_ 15,_ 1973 ___,_which payments . .~re to be applied, first to interest, and ihe balance to principal, until said indebtedness is paid in full, and shall perfomn, oomply ~.~ith and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage, And, including any advances made by the Association to the Mortgagors, or d.eir succes.wrs in tidC, sor any parpose, at any time before the release and cancellation of this mortgage, but at no time shal! this mortgage secure advances on account of said original note together with such additional advances in a sum in eacess of.____._~IG$~'EE~lT THOIJSANA FOUR I~ITNDRED .AND NO/ 100 - - - - - - - - - - - 18 400. 00 ~ ~ Plus any advances necessary - - _ ~ollars (i, - ' - - - to ~~rotect the security and costs, then this deeci and the estate hereby created shall cease and be null and void. AND THE biORTGAGORS DO hereby ct?venant and agree: 1. To pay all and singular the principa1 and interest and other sums oE money payable by virtue of said promissory note .u,cl this mortgage, or either, promptly on ihe 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 imp~s~ , suffered, p]aced, levied, or assessed thereon, or that hereaker nTay be levie.i or _assestied upon this Mortgage, or the indebtedness secured hereby, cach and every, when due and payable, .~cconiu~g to la~v, before they become delinquent, and before any interest attaches or any penalty is incurred; and insofar au any thereof is of record the same shall be promptly satisfied and discharged of record and the orignal official document (such 1s, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said :~ssociation as ~tortgagee within ten days next 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 ~vithout waiving or affecting any option, lien, equity or right ; under or by virtue uf this ~fortgage, and the full amount of each a»d every such payment shall be immediately due andpa yable "s. and shall bear interest from ihe date thereof until paid at the rate stated in the note serured hereb~• and together with such inter- est shall be secured by the lien of this I?iortgage. 3. To keep the buildings and all equipment a~~d personal property now or hereafter on said premises covered by this mortgage. insured in a sum equal to at least the amount o[ the mongage, or an amount sufficient to comptr with any co-insurance require- ment covering the same under the laws of the State of Florida, rnvering lau irom both fire and storm, making the lass under ~aid poticies, each and every, payable to the Associacion, as mortgagee, as iu interest may appear, and said insurance shall be in a good and responsible insurance company satisfactory to said Association, and written br a responsible local agent satis[attory to said Asso- cia[ion: and the policy or policies shail bear a standard mongage clause without contribution, and, if the original principal amount ot the mongage is Fifty Thousand and no/100 Dollats (j50,000.00) or in excess thereof, ahall be held by the Association, and, in che e~•ent any sum of money becornes payable under such policy or policies, the Associauon shall have the option to receive and apply the same on account aE the indebtedness hereby sea~red, or to permit the mongagors to receive and use it, or any part thereoE, for other purpoaes, wi[hout thereby waiving or impairing any equity, lien, or right under and by virtue o[ this mongage, and may place and pay for such insurance, or any part thereof, without wai~•ing or af[ecting its option to forecloae. or any right hereunder, :~nd the full amount of each and every such payment sha11 be immediately due and payable and shall bear interest [rom the date thereof until paid at the rate stated in the note secured hereby and togeeher with such interat shatl be secured br the lien oE this ~fortgage. To permit, commit, or suffer no waste, impairment or deterioration of s:~id propert~•, or :tny part thereof, and upon tl~e failura of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the immediate repair of said bu;ldings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors t« complv ~vith said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage, and, at thc option of the Association, immediatelv mature the entire amount of principal and interest hereby secured, and the .-~ssociation, immediately and w~ithout noHce, may institute proceeclin;s to foreclose this mortgage and applv for the apgointtnent ~f a Receiver, as hereinafter provided. 5. This mortgage contract pmvides for addition:?1 advances H~hich may be made at the option of the association. and secured by this mortgage, and it is agreed that in the event oE such advances the a.mount may be addeci to the mortgage debt and shall increase the onpaid balance of the note hereby secured by ihe amount of such advance and shali be a part of said note indeUteclness under all the terms of said note and this contract as fulty as if a new such note and contract were executed < and delivered. An additionat advance agreement may be given and accepted for such advance and provision ma}' be made for ~lifferent monihlv payments and a different interest rate and other express modifications of the contract, but in all other respect~s ~hic rontract shall remain in full force and effect as to said indebtedness, includiag all advances. - 6. If an~~ of the sums of muney herein referred to be not prompdy and fully paid within Thirty (30) days next after k the same sever.~lly come due and payable, or if each and every the stipulations, aoreement, conditions, and covenants oE sai<l ; promissory note and this deed, or either, are not duly performed, complied wiih and abided by, ihe aggregate sum mentioned in said promissory note and anv other amount or amounis added to the mortgage indebtedness under the terms oF this mortgage shall become due and pa~~able forthwith or thcreafter at the option of the Association, as fully and completely as if said aggregate sum of money was originally stipulated to be paid on such dav, anvthing in said promissory note or herein to the contrarv not- ~vit}utanding. . , . 7. To deliver to the Association, on or before ~tarch 15th, of each year, tax receipts evidencing the payrnent of all 1aw•- - fully imp~s~1 taxes for the prececling calendar year; to deliver to the Association receipts evidencing the }~ayment oE all liens for pub il'c iroprovements within ninety (90) days after the same shall hecome due and payable, and to pay or discharge within ninety (90) davs after due date, any and all govemmental levies that may be made on the mortgaged property, on this mort~age ~r note, or in an~ other way msultin~; from the mortgage indebtedness securecl bv this mortgaqe. 60QK ~1O PACF 11S ~ . - ~ _ ~ ~_u_,w