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Home My WebLink About2713 at all timQSpc~ceably and quietly to entec upoa. hoW, occupy and c~joy saul lund; that suid lu?d u fcee from all e~~cumluances; that they wIU make such fu~tl~ usutanoes to paf~ed tbe fes dmple titb to said land In the Associution as may rcasonably be required; and that they do bereby fully vvam~nt the titb to said land and will defcnd the same against the lawful cls+ims of all persoris whomsoever. PROVIDED ALWAYS that if the I~lortgagors shall well and truly pay unto the Associatioo, Ihe indebtedness evldenoed by that certain promissory note, of even date berewith. aiade by the Mottgagors and puy~able to the Association, in the principal ~i S~,n, ~ FIFTEEN_THOUSAND AND.NO/100,--------.---.---.-_----.---_-- po~lars 15, 000..00 t which rwte, together with interest thereon as therein specified, is payable in monthly ~statlments of ONE HUNDRED _ TWENTY AND 84/100------------------------------------------------------- Dollars (s120 84 ~ . - ' _ , on the--z~---- - day of each month commencing with-- ----~P~3~...~~--~-~~--------------------- ---------------which p~yments ~ are to be applied, first to interest, and the balance to principal, unW said indebtedness is paid in fiill, and sha11 petform, oomply witli and abide by cach and every the stipulations. agreements, conditions and coveaants of said promissory note and thu mortgage, Md, including any advances made by the Association to the Mortgagors, or their suoeessors in titl~, for any purpose, at any time before the release and cancellation of this mortgage, bni at no time shall this modgage secure advances on aecount of said original note together with such additional advances in a sum in e~ccess of ~FIFTEEN THO_I~S~AND AI~D___._ ----NO/100 15 000.00 ..Dollars ~3------ plus any advances necessury to pmtect tbe security and c~ssts, then this deed and the estate hereby created shall cease and be null and void. AND THE MORTGAGORS DO hereby cuvenant and agree: 1. To pay all and singuiar the principal and interest and other sums of money payable by virtue of said pmmissory note and this mortgage, or either, pmmptly on tfie days respectively the same severally come due. ~ 2. To pay all and singular the taues, assessments, le.wies, liabilities, obligations and incumbrances of every nat~u~e and kind now on said described ~+operty, or that hereafter may be imp~ , sufEered~ plaoed, levied, or asse~ed thereon, or that her~after may be levied or asse~ed upon this Mortgage, or the indebtedness securecl hereby, each and every, when due and payable, according to law, before they bec.~ome delu?quent, and before any interest attaches or anype nalty is incurred; and insofar as any thereof is of record the same shall be promptly ratisfied and discharged of reoord and the orig~nal official document (such as, for instance, the taz receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Association as ~lortgagee within tea days next after payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any tirae pay the same or any part thereof without waiving or affecting any option, lien, equity or rig~t under or by virtue of this ?liortgage, and the full amount of each and every such payment shall be immediately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in the note secured hereb~ and together with such inter- est shall be secured by the lien of ihis Mortgage. 3. To kcep the buildings and all equipment and personal propeny now or hereafter on :aid premises covered by this mortgagr, insured in a aum equal to at least the amount of che mortgagt, or an amount aafficient to mmply with any cainaurance require- menc oovering the same under the lawa of the State of Florida, covering lou irom both fire and storm. making che loss undtr said policies, each and every, payable to the Association, as mortgagee, aa its incerest may appear, and said insurance shall be in a g~ood and responsible insurance mmpany satis[actory to said Association, and written by a trsponsibk loca! agent satis[acwry to aaid Asso- ciation; and the polic~r or policia shal! bear a standard mortgage dause without rnntributioa, ~nd, if the original prinapal amount of the mortgage is Fitty Thousand and no/ 100 Dollan (:50.000.00) or in excesa thereof, shall be held br the Association, and, in the event any sum of mone~r becomes payrable under such policy or policies, the Aasociation shall have the option to teceive and apply the same on acaounc o[ ehe indebtedness hereby secured, or to permit the morcgagois to t+eoeive and use it, or arey part therrof, for . other purposes, without thereby waiving or impairing anr equity, lien, or right under and by virtue ot thu mortgage, and may place and pay for such insurance, or any part thereof, without waiving or afEecting its option to foreclose, or any right hereunder. and the [ull amount of eac6 and every such payment shall be immediately due and payable and shall bear interest fmm the date ehereof until paid at the nte acated in the noee secureci hereby and eogether with such interat a6all be secund by the lien af this ' Mortgage. I; To permit, commit, ar suffer no waste, impairment or deterioration of said property, or any part thereof, and upon the failuro of ihe mortgagors to keep the buildings on said pmperty in good condition of repair, the Association may demand the II immediate repair of said buildings or the immediate i+epaymeat of the debt hereby secured, and the failure of the mortgagors , to complv ~vith said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortga e, and, at t~c option of the Association, immediately mature the entire amount of princiiral and interest hereby secured, and ~ Association, immediately and without notice, may institute proceedin;s to foreclose this mortgage and appiv for the appointment ' of a Receiver, as hereinaker provided. i 5. '[7~is 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 ~+ent of such advances the amount may be added to the mortgage debt i and shall increase the unpaid balance of the note hereby secured by the amonnt of svch advance arid 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 note wd contraM were executed ! and delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for ciifferent monthly payments and a different interest rate and other express modifications of the rnntraM, but in all other respects ihis contract shalt remain in full force and effect as to said indebtedness, including ail advanc~es. 6. If any of tbe sums of money herein referred to be not promptly and fully paid within Thirty (30) days next after the same severa[ly come due and payable, or if each and every the stipulatans, agreement, conditions, and covenants of said promissory note and this deed; or either, are not duly performed, complied with and abided by, the aggregate sum mentioned in said promiuory note and any other amount or amounts added to the mottgage indebtedness ander the tenns of this mortgage ~ shall beoome due and payable forthwith o~r thcreafter at the option of the Association, as fully and comptetely as if said aggregate ~ o~ ~ney was originalty stipulated to be paid on such day, anvthing in sa~ promissory note or herein to the contrary not- ~ ~ ± ~ 7. 1'o deliver to the Associatan, on or before 1~arch 15th, of each year, tax receipts evidencing the payment of all laN•- ~ ~ fully im~ taxes for the ~prcceding rale~dar year, to deliver to the Auociation receipts evidencing the payment of all liens ~ for pub ' unpmv emenb v~~thin nincty (90) days after the same s~wD hocome due and payable. aad to pay or discharge within ninety (90) days after due date, any and all governmentat kvies that may be made on the mortgaRed property, on this mortRage nr note, or in any other way rrsulting fmm the mortgage indebtedness secured by this mortRa~qe. ~ . aoox2lz P~2714 i ~ ~ ~ ~ : - z~ ~ rt _