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Home My WebLink About2708 . . at all timespd~ce~Wy i?nd quietly to cater upon, hold, oc~cupy~nd c~joy s~d G~nd; that said land it frcc (rom all cY~cumbcanoes: that~y will aw?los suc6 Eu~t6ec aswranoe~ to petfeot ths ias simpb titk to said la[id ia tlre Associotion as trwy re~+wiwbly 6e rccluit~et~; and tMt t~raj? do 6ereb~? EW1y vvairant dis titb to s~id la~d a~d will deEcnd the same aga;nst the la~~ful claims of xp ~xrso~~s wlwtr?soevee, PROVID6D AL\VAYS tlwt if thc I~f agots s1wU we0 u~d truly pay unto the Aswciation, the indebtedness evldenoed ~ by that ceth~ln ptaaissay not~ of e'v~ee date mads by the :~iortgagon and ~vabk to the Association, in the prir~ciral ~ S~ ~ FIFTEEN THOUSAND AND NO 100---------- 15 000. 00 -----------.'boll:trs li ' ~vhich iwt~ togetha with intenst th~ro~? ~e th~rein spectfied, is pnyuble in monthly instaltments of ONE HUNDRED TINENTY AND 84/I00-----------------------------------------------~--------- - - - _ . . . - . . _ _ _ ~ , - - Dollars (i ---120. 84 a~e- --ZOih_ .a.y oE e~ca? ti~ontI~ c~m~nenang wicn----. _.~~tl:~l_29.~9?_$.___-------------,-----------------_WhicL pnyments - are to be a~ E'~tst to intetesi, and the balance to prindpal, until said indebtedness it paid in full, aad sball pe~foim, eamply i w~ aad a' by each and ~ve~' tbe ~tioas. aSree~nents, conditiont and rnve~ants of said ~omissory note and tl~u ~ mortga~e, And, induding my advanc~es ma by the Association to the Mortgagors, or their suocessors in tiHr, for anY Purpose~ at any time befae the trlesse ~?nd cancdlutia? of tluis mortgage, but at no tirne shall this mortgage secure advances on account _ of syid w~iginal note toged~er with such additio~al adva~x~es in a sum in excess of. FIFTEEN THOUSAND AND^ ' 15 000.00 _..N~22~.1QQ----------------~----_---_----.----_-------------------------- ..'Dollars (i----- ph~s any advances necessary ta p~otcct the security and costs~ thez? this decd and the estate hc~reby created shaA cease and be aull and void. . AND THS I1iORTGACOAS DO hereby cvveaant and agree: l. To pay alt and singular the princi}~al and iaterest and other sums of tnoney puyabk by virh?e of said promissory note and tt?is mortg~tge~ or ei'ther, P~P~~Y on the days respectively the same severally come due, To pay ait aad s~guLr dfe tues, s~ts~ levies, liabilities, obtigations and incumbrances of every nature and Icind naw on saia cksc~ibed propeity, or that I~teaRu m:?y be imposed suffered, Placed. levicd. or' ass~ssed thereon, or that hereafter may be levied oc asse~.d upon this Moctgage, or the u~k~tedn'ess secured hereby, cach and every, when due and payable, icco~d'u~g to ~aw, before they becott~e deW~queat, and before an~? interest attaches or any penalty is incun~ed; and in9ofar as :my thereoi is of ra.~oc+d the same shall be pc+oa~ptty satisfied and di9charged of record and the original official document (such ~ ~ far inttane~ tbe tax receipt or the satisfactiw~ paper officially endorssd or certified) shall be placed in the hands of said ~ ~ssociation ss `[ottgagee within ten days nest aRer payment; and in the event that any thereoE is not paid, satisfied and dischar8ed• ~ said Association muy at any time pay the same or any part thereof without waiving or affecting any option, lien, equity or right ! under ur by virtue oE chis ~fatg~ge, and the full amount of each and every such payment shall be immediately due andpa yable and shall bt~r interGSt from the cLte thereof until paid at the rate stated in ihe note secureci hereby and together with such inter- ~ esc shall bc sec+ned by the lier? oE thit Moctgagc, S. To kecp the buildings aad all equipment aad petwnal propertr no~r or hara[ter on said piemi~a mvertd by t6is mortgage. inwred in a sum eqwl to at kast the amount of che mortgage. ot an amount sufEicient to eomply nith anr c~o-insurance requim me~t cov~eting the sam~ under t!K la~+s oE che St~t~ of Florida, cnvering loss from both tin and storm, making the loss under said policies. each and eve~r. pa~rabk to the Association. u mortgagee. as ics i~eerest may appear. and said inturance shall be in a goai and respoi?sibk insuranee coaapany ueisfaao~r eo uid Associatioe. and written by a rapw~sibk local agent satis[actorr to said Asso- ciatio~; and thc polic~r ot poticies shall bear a standar+d mortgag~e dause xithout contributioa. and, if the original principal aavwint oE the mottg~e a Fifty 'I'ho~wnd and no/100 Dollan (=50,000.00) or in excess thereof. shall be held by the Association. and, in j ch~ evrnt anp wm oE naney beeoma paya6le uader such polic~r ot policies. the Associatioa ~all have the opcion to receive and apply F che saaae on acaounc oE ehe indebtedneu hereby srcured. or eo permic th~ morcgagon to receive and use it. or any part cher~of. for othtr purposes, ~tithout t6ercby v~raiving or impairing anr tquity, 1'ten, or right under and by virtue o[ this mortgage, and may place ar~d pay [or such inwrance. or any pan thcreof, ~ritl~out waiving or aEfecting its opcion to forecloae, or any righc hereunder. and the [ult am~wnt oE each and every such paymenc shall be immediately due and payable and shall bear incerest fmm the date 3 thereo[ uatil ptid at thc rate suted in the noce secuztd hereby and cogether with auch u?tet+at ~ail be secar~d by the lien oE thia ~ ~ioctaa~e. , - ~ 4. 'I'o~etm~t, commit, or suffet no waste, impairment or deterioration of s;ud property, or any part thereof, and upon ~ the failur+o oE the mortgag~xs to keep the buildings on said property in good c~ndition of repair, the Association may demand the ~ immediate repau~ of s~id buildings or the immediate repayment oE the debt hereby s~cured, and the failure of the morigagors to complv ~~1th said demand of the Associ.ltion for a period of Thirty (30) days, shall rnnstitute a breach of this mortgage, ~ and, at t2~e option of the Association, immediatehr mature the entire amount of principal and inter~ct hereby secuired, and t}~e = ~lssociation, immediately and without notioe, may institute pmceedings M foreclose thu mortgage and app)v for the appointment ~ of a Receivrr~ as he.tranaEter providexi. _ t 5. 'fhis inartgage contraet ~xovides for additionul advances which may be made at the option of the association and cecured by this mortgage~ and it is agreed that in the event of such advs~nces ihe amount may be added to the mortgage debt and shall incrrsse the unPaid balaiwe ~ the note hereby secured by the amount of such advance and shall be a part of said ~ note indebadness under all the ternu of said noCe and this eontract as fuuy as if a new such note and contract ~•ere executed i :ancl cklivered, An ~dditiooal Advanee ngreement may be given and aeeepted for such advance und provision may be made for = difieimt monthlv payments and a difEeeent interest rate and other e~pre~ modifieations of the contract, but in all other respects { ~his ccx~trad shall remain i~ full force and efEect as to said indebtedness, including ap advances. 1 ~ 8. , If a~y of the sums of m~ney herein referted to be not promptly and fully paid within Thirty (30 ) days next after ~ the sune sever,~tly rnme due and payabie, or if each and every the stipulations, agrclement, conditions, and covenlntt of said ~ pcomissoq? note a~~) thit dexd, ot either~ ara not duly pp~o~rmed, complied with and abided by, the aggtegate sum menHaaed ~ in sud prumis.axy not~ and anv other amount ot amounts added to the mortgage indebtedness under the tenms of this mortgage : shall becaee duc and Era~^abk ~orthwith a thcreaEter at the optior? of the Association, as fuliy and completely us i~ said aggregate ' ~um of ma~ey v?as originalfy stipulated to be paid on such day, anything in said promissory note or herein to the contrary r?ot- withstanding. 7. To dcGve~ M thr Association, on or bcfore ~iarch 15th, of each year, tax receipts evidencing the payment of aU law•- fuqy im~ taxes k?r the ~eccding calendur vcar; to deliver to the Association receipts evidencing the payment of aU liens ~ f~x pu impco~~cnents witAin nuxty (90) c~ays aftcr the samc shall twcomo due~ and payabk, and to pay or discharge within nincty (90) d~~~ aftct due date, any a~d Ali govcmmrntal levies that may be made on the mortgaged ~uo~xrty, ~m this mortga~e ~x ~ote, cx i~ un1' ~kher w+ry trsultinR fmm the nxxtgage lndtbtednrss secured by this mortRa~e. ~ a~aK 212 ~~E 2709 _ P~~ _ ti s.~^ - - y