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Home My WebLink About2113 ~ at all times peaceably and quiedy to eater upon, hold. occupy and enjoy sa~d land; that said land is free from aA encumbrunc~s; ; that th$y will make such ftnthar assuranoes Lo Pe~fod the fee simPle title to said land ia the Association as may reasonably be required; and that they do hereby fully warrant the title to sa~d land and will defend the same agaiiut thc lawful claims of all perso~s whomscever. PROVIDED ALWAYS that iE the l~iortgagors shall well and truly pay unto the Association~ the indebtedness evidenced by that certain promissory nott, of even date herewitb, tnade by the Mortgagors and payuble to the Association, in the principal ,um af _..._F'OUR.THOUSAND_FIVE.HUNDRED_AND NQ~.100--------.-- Doll.~rs (i 4a500.Q0 l. ~ T`" ~ i~. . i u~hich note, together with interest t~erew~ us ~i'?e~~i.i ~.~~u• ~s vahl.~ .n monthlv installments of NTNETY AND ~1 / 100 ` i ' _ - nolla?rs (i._90, 71- i on the__lst -----day of each month commencing with.__,. .Feb?'~,t~'x_ ~~_~~_7_$-----------------------,----------.----which payments :u-e m be applied, first to interest, and the balance to principal, until said indebtedness is paid in fu11, and shall perform, oomp1y ..rith und abide by each and every the stipulations, agreements, coaditions and rnvenants of said promissor~? note and this modgage, Md, including any advances made by the Association to the Mortgagors. or their succcssois in tittu, far any purpoae, at any time before the release and cancellation of this mortgage, but at no time shall this mortgage secure advances ~ account FOUR THOUSAND FIVE of said original note together with such additional advances in a sum in ezcess of---------------------------------------------------------------- HUNDRED AND NO/100---------------- 4, 500.09, p y 1us an advances n~ry to protect the seavity and costs, ihen thit deed and ihe estate hereby created shall cease and be null and void. AND THE MORTGAGORS DO hereby cuvenant and agcee: ~ 1. To pay all and singular the principa1 and intere.st and other sums of money payable by virtue of said promissory note :~nd this mortgage, or either, promptiy on the days respeetively the same severally come due. 2. To pay all and smgular the taues, ass~sments, k~vies, liabilities, obligations and incumbrances of every nature and kind : now on said described propercy, or that hereaker may be impoaed, suff~ , placed, levied, or assessed thereon, or that hereafter ~ may be 2evied or assPSSed upon this Mortgage, or the indebtedness ~d hereby, cach and every, when due and payable, uccording to law, be£ore t6ey 6ecome delinquent, and before any interest uttaches or anype nalty is incurred; and insofar :~s ~ any thereof is of record the same shal! be promptly satisfied and discharged of reoord and ihe original off'icial document (such a.~, for instance, tbe tax receipt or the satisfaction paper officially endozsed or certified) shall be placed in the bands of said :~ssociatioa as Mortgagee withit? ten days next aEter payment; and in the event that any thereof is not paid, satisfied and dixhatged, said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any opiion, lien, equity or right under or by virtue of this !~tortgage, and tLe full amaunt of esch and every such payment shall be immediately due andpa yable and shatl bear interest from the date thereof until paid at the rate stated in the note secc ~n~cl hereb~• and together with such inter- est shall be secured by the lien of this Mortgage. 3. To keep the buildings and all equipmenc and personal propeny now or hereaitrr on said premises coverod by this mortgage. insured in a sum equal to at leut the amount of the mottgage, or an amount sufficient to mmply ~rith any eo-inaurance tequire- menc mvering the same under the laws of the Scace of Florida. rnvering loss from both tin and storm, making the lass under said policies, each and every, pa~able w the Association, as mortgagee, as its interest may appear, and said insunnce shaA be in a goocl ; and raponsiWe insurance company satisEaaory to said Association, and written by a responsible local agent satis[actory to said Asso- t ciation: and the policp or policies shall bear a standard mortgage clause without mntributioa, and, if the original printipal amount ~ of che mortgage is Fifty Thousand and no/100 Doilars (s50,000.00) or in extea thereof, shall be heW by the Association, and, in ' the event any sum of monty becomes payable under such policy or poliaes, the Association s6all have the option to teceive and apply k ehe samt on acoounc oE the indebtednes.c hereby secured. or to permit the mongagon to receive and use it, or any part [hereof. for other purpoaes, without thereby waiving or impairing any equity, lien, or right under md by virtue oE thu mortgage. and may place and pay for such insunnce, or any part thereoE, without wairing or aEfecting iu option to forecloae, or any right hereunder, and the fult amount of each and every such payment shall be immediacely due and payable and shall bear interest [mm the dace thereof unW paid at the nte staeed in [he noce secured hereby and together with such ineerest shall be secured by the lien ot thi: ~iortgage. 4. To pernut, 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 huildings on said property in good condition of repair, the 4ssociation may demand the immediate relrair of said bu:ldings or the immediate repayment of the debt hereby secured, anJ ihe failure of the mortgagors ~ to comply with said demand of ihe Association for a period of Thirty (30) days, shall constitute 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 ! .4s9ociation, imme~iately and without notice~ may institute proceedin;s to foreclose this mortgage and applv Eor the appointment ~ of a Receiver, as hereinaker provideci. ~ S. 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 advunces the amount may be added to the mortgage debt and shall increase ihe unpaid balance of the note hereby secured by the amount oF such advance and shall be a part of said ~ note indebtedness under all the terms of said note and ihis contract as fully as if a new such note and oantract a•ere execnted ~ and delivered, M. additional advance agteement may be given and accepted for such advance and provision may be made for , ciifferent monthly payments ~nd a different interest rate and other express modifications of the contract, but in all other respects ihis contract shaU remain in full force and effect as to said indebtedness, induding all advances. 8. If any of the sums of money herein referred to be not prompdy and full,v paid within Thirty (30) days nezt after ~ the same severally rnme due and payable, or if each and every the stipulations, ao eement, conditions, and covenants of said ~ promissory note anJ thu cleed, or either, are not dtily performed, complied with and abided hy, the aggregate sum mentioned ~ in said promissory note and any other amount or amounts added to tbe mortgage indebtedness under the terms of this mortgage shay Fx~come due and payable forthwith or thereafter at the option of the Association, as fully and rnmpletely as if said aggregate sum of money was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- withctanding. 7. To deliver to the Association, on or before :~iarch 15th, of each }'ear, tax receipts evidencing the payment of all 1au•- fully im taaes for the preceding calendar year, to deliver to the Association receipts evidencing the payment of all liens for pub 'c improvements within ninety (JO) days aher the same shall hecome due and payable, and to gay or dischazge within ninety (90) days after due date, any a~d aU govemmental Ievies that may be made on the mortgaged property, on this mortgage or note, or in any other way msulting from the mortgage indebtedness secured by this mortgage. . 600K~~O PACEiZ~I~ - _ ~ _ ~ . , x:, ~ _ 3 _ _ ~ "Fti: Y `~,Y- $