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Home My WebLink About1414 at aU tin?espea c~ably a~d quietly to enter upon. buld. occupy and enjoy sai~t land; that said lai~d 'u frce from aU ~.y~cumbranc~.'s; that they will ~nake such fucthar assurances ta p~rfed tbe f~a simple title to said land ia the Association as may n:uonably l~c required; and that they do hereby fuUy warrant the title to said land ~u~d ~~•ill delend the same against tt~ IawFu) claims c~f :~II persotu tihomsoever, PROVlDED AL~VAIS thut if the 1ltortgagors slw~i ~vep ~nd truly pap unto the ~ssociation, the indebteclness ev;dei~ceci by that certain promissory note, of even date he~switb, made by t1~e 1?lortgagors and ~y~able to the Asu~ciation, in the princip.ll «?m oE 7.'~+NTY-TWO_THQUSANIa._A1~Tl3..NO~.~00ths-.------,--------_~- t~o1l:~rs (s 22, 000. 00~. ..~hich note, together H~th intesest thereon as therein sPecified, is pa)ablc in monthly installments of ONE HUNDRED ETGHTY and 61j100ths-----------------------------------------------------------. - . _ uoll:~rs (s _ 180. 61_._.. on the- -Tth.- day of each month cv~mmencing -.April.Z,.--1~~3------------------------------ ---------.-----Whxb ~?~c~ :ue to be upplied, fust to interest, and the balance m grincipai, until said indebtedness it paid ia full, and shali perEorm, cbmth` ~~~ith and abide by each and every the stipulations. ag~ements, canditions and covenants of said -promicsory note and is mortgage, And, incluc~ing aay advances made by the Association to the Mortgagors, or their successors in tit~~, sor any parpose, at any time befor~ the release and cancellation of this mortgage, but at no time shall thit mortgage secure advances on account of s:iid original note tagether with such additional advances in a sum in ~c~ss ofTUi.E~iT.Y-T~4'_O_TH4IISAI~I~_._.._ AND NOIl00ths-_----------_----_-_------_-----.-_ Dollrrs (s. .22, 000. 00_.), plus any acivances necessan io protect the security and costs, then this deed and the estate hereby created shall eease aRd be null and void. ~ AND THE MORTGAGORS DO hereby cvvenant and agree: 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note : nd this mortgage, or either, promptly on the days respectively the samz severally rnme due, 2. To pay all and singular the taues. assessments~ '.dvies, liabilities. oWi~ ations and incumbrances of every nature and Idnd now on said described property, or that hereafter may be im , suffered, glac~d, lcvied, or assessed thereon, or that hereaftcr may Le levied or assessed upon this :4iortgage, or the inde~ess secured herehy, cach and every, when due and payable, :,ccording to law~ before they become delinquent, and hefore any interest attaches or anp penalty is incurred; and 'uisofar as :iny thereof is of record the same shall be promptly satisfied and discharged of reoord and the original of(icial document (such .,s, for irrtante, !he ta* rrr~ipt or the ratisfaction paper officially enclorsed or certified) shall be placed in the hands of said Association as 3iortgagee svithin ten days neat after pay7nent; and in the event that any thereof is not paid, satufied and dischargecl, said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equity oc right under or by virtue of this ~tortgage, and the [ull amount of each and every• such payment shali be immediately due andpa yable :~nd shall bear interest from the date thereof until paid at the rate stated i~ the note secured hereb}• and together with such uiter- Pst shall be secared by the lien of il~is 1?iortgage. 3. To keep the buildings and al! equipment and pasonal properqr no~v or herrafter on uid premises covcred b~r this mortgage, insured in a snm equal to at leaat the amount of the mortgage. or an amount su![icient to mmply rvith any co-insurance requite- ment mvering the same under the laws of the Scate of Florida, rnvering toss from both fite and atoim. making the loss undet uid policies, each and ecery, payable to the Associacion, u mortgagee, u its ineerest may appear, and said insurance shall bt in a good and responsible insurance company saeistanory co said Association, and written br a mponsible local agent satisfactory to said Asso- ciation: and the policy or policies shall bear a standard uartgage dause without rnnuiSution. and, if the original principal amount o! che moregage is Fifty Thoiuand and no/ 100 Dollars (~50.000.00) or in acess thereof. s6at1 be held br the Associacion, and, in che event any sum of money becoma payabie under such policy or policies, the Association shall h~ve the option to reteive and applr ehe same on account of the indebtedness hereby stcured, or to permit the mortg~gon to receiv~ and use it, or any part thereof. for other putposes, without !hereby tYaiving or impairing any equity, litn, or right under and by virtue o[ this mortgage. and may place and pay tor such insurance, or any part thereof, without waiving or a(Eecting its option to ioreclose, or any right herruRdtr. and the tutl amount of each and every such payment shall be immediately dut ~nd parable ~nd shall bear interest [mm the date thereof until paid at the rate stated in the noce secured herebr and togethrr with such interat shall be secured by the lien of th~s ~tortgage. 4. To permit, commit, or suffer no waste, impa'vment or deterioration of said propert3•, or :iny part thereof, and upon the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand t6e immediate repair of said bu;ldings or the immediate repayment of the debt hereby secured, and the failure of the martpagors - to comply ~vith said demanc! of the Association for a period of 'Thirty (30) days, sha11 canstih~te a breach of this mortgage, and, at thc option of the Association, immediatel,y mature the entire amount of principal and interest herebv secwed, and the .-1ss~xiation, immediately and without notice, may institute proceedinas to foreclose this mort~age and apph~ for the appointment ~f a Receiver, as here:naker provided. 5. This mortgage contract provides Eor additional advances k•hich m:?y be made at the option of the association aad secured by this mortgage, and it is agreed that in the eveat of such advances the a.-nount may he added to the mortgage debt :,nd shall inerease the 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 this contract as fuily as if a new such note and contract ~cere executed :~nd delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for ~lifferent monthiv pavments wnd a different interest rate and other express modifications of the coniraM, but in :?ll other respects this contract shall remain in fu11 force and effect as to said indebtedness, including all advances, 8. If any of the seims of money herein referred to be not promptly and fully paid within Thirty {30) days next after the same sever.illy come due and payable, or if each and every the sNpulatians, agreement, conditions, and covenants oI said Promissory note and this deed, or either, aze not duly performed, complied with and abided by, the aggregate sum mentioned ir_ said promusory note and anv other amount or amounts added to the modgage indebtedness under the terms of this mortgage shaU beoome due and pa~~ble forthwith or thcreafter ai the option of the Association, as fully and completely as if said ag,gregate sum of money was originally stipulated to be paid on such day, anything in said promissory note or herein to the conirarv not- µ-ithstanding. - i. To deliver to the Associst:on, on or before \farch l~th, of each year, tax receipts evidencing the payment of all laN•- Eully imposed tazes for the preccding calendar y~ear; to deliver to the Association receipts evidencing the payment of all liens for public improvements within ninety (90) days aEter the same shall tx~mc due and payab~e, and to pay or discharge within ninety (9p) davs afier due date, any and all govemmental levies that may be made on the mortgaged pmperty, on this mortgage ~r note, or in anJ other way msulting from the mortgage indetrtedness secured by this mortgaqe. 6DGic~~~ PACE~4~Y ~ - _ ~ .~_.~ro~ ~ _ _ ~ - ~z w . _ ~ - - _