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Home My WebLink About2916 at all timespeaoe4bly and qutetly to eater upon, hold, occupy snd enjoy suid lund; tl~at said land 'u (cee from aU cncumbra~wes: that~y wiII make such futtha~ aaut~noes ~o pa~ied tbs fes dmpb titb to ss~d lsud ia the Association as may reasonably be requtred; and that they do bereby fully vv~~at d~e titb ~ aid land aad will deEead the sume aga;nst the lawful claims of aU persau whomsoe,wer. PROVIDED ALWAYS that if the Mort ag gon stwll well and truly pay unto the Associatio~, tbe indebtedness evidei~ced 1 by that certain promissosy note, ~ eve~? date bec'evvith, mads bY the Mortgagors and payable to the Association, in the Ixincipal ( ~ s~ ~~?~Y-~i~__xH~U~~__~,rt~.~l-ioot~--.-----------_-_-no~~a~ ~s 25, ooo. oo .vhich note, together with interest thereon as therein s~xified, is payable in monthly instaliments of 4NE HIJNDRED EiGHTY-FOUR AND ?5/100ths--------.-.------------------------------------------ Dollars 184, ?5-.-- on the-----.1.Qth-------day of each month commencing with-----_-.---Ma3!--10, 1973---_~__.___._--------------------M?h~ch Pa7Rne"cs are m be npplied, first to interest, sud the balanoe to principal, until aaid indebtedness is patid in hill, and shaD pertam, aoaply with and ab'~de by each and every the stiputations, agreetnents; oonditions and covenants of said ~n+omissory note and t~s mortgage, And, including any advan~oes made by the Association to the Matgagors, or their suoces~ors in titlc, fo~ any purpose, at any time before the mlease aad cancellation oE this mortgage, but at no time shall this mortgage secure advances on account of said original note together with such additional advances in a swn in escess of____T~~~~ -F~.~i..~~~~~ _ AND NO~l00ths----_-_------_---------------- ~~__25 00 00 P Y ~Y -_~__________---------------~ollars tns an advances necessa , to protect the security and costs, thet? this deed and the estate hereby created shall cesse and be null and void. AND TI~ MORTGAGORS DO hereby cvvenant and agree: ~ l. To pay all and singular the princa'pal and interest and other sums of money payable by virtue of said promissary note and this moitgage, or either, . promptly on tbe days respectively the same seve:ally come due. 2. To pay all and samgular tl~e tases, as~unnents. levies,liabilities, obligations and incumbrances of every nature and ]dnd now on rsid desaibed property, or that hereafter may be imposed, suffered, p]aoed, leviEd. or ass~sed thereon, or that hereafter may be levied or ass~sed upon this Mortgage, or the indebtedr?ess secured hereby, each and every, when due and payable, aceording to ]aw, befor8 they become delinquent, and before any interest attaches or anypen alty is incurred; and insofar as any thereof is of record the same shall be prnmptly satisfied and discharged of record and the original of~icial document (such as, for instance, the tax receipt or the satisfaction paper officialty endorsed or certified ) shall be placed in the hands of said Associatiou as Mortgagee within ten days next after payment; and in the event that any thez~eof is not paid, satisfied and di~charged, said Association may at any time pay the same or any patt thereof without waiving or affecting any option, lien, equity or right under os by virhie of this ?liortgage, and the full amount of each and every such payment shall be immerliately due andpa yable and shaA bear interest from the date thereof until paid at ihe rate state~ in the note secured hereb} and together with such inter- est shall be secured by the lien of ihis Mortgage. 3. To keep the buildings and all equipment and petsonil property no~v or hereatter on uid premi~a ooverai by this mortg~ge. insured in o sum equal to at leut the amount o[ che mortgage. or an aa~ount sufEicient to oomply rvith any co-imurance trquire- ment o~vering the same under the laws of the State oE Floridi, oovering laas [mm both fire and storm. making tl~e~tass under said policies. eac6 and tvery. payable w the Association. as mortgagee. u its intereat may appear. and said insnrance s6aU be in a g~ood and responsiWe insurana mmpany saeisfaaory to said Aasociation, and written by a raponsibk local agent satisfacwzy to said Asso- ~ ciacion; and the policy or policies shall bar a scandard awrtgage clause without oontribution. and, if the original prindpal amount ~ of che mortgage is Fitey ?housand and no/ 100 Dollan (~50,000.0~ or in acceu thereof. shall be heW by the Assodation. ~nd, in ehe event any sum of money ixcoma papable under such polic' or policies, the Association shall have the opdon eo nceive and apply che same on am~unt oE the indebtedness hereby sccured, or co permit the mortgagoa to reaeive u?d use it, or any part thercot. tor other purposes, withaut thereby waiving or impairing anr equity, lien, or right under and Iry virtue of this mortgage, and may place and pay [or such insurance, or anr pan thereof. writhout waiving or atiecting its aption w fot+ecbse. ot any right herrunder, and the full amount of eac6 and every such paymeat shall bt immediately due and payable and shall bear intetest fmm the dace ~ ehereof und! paid at the nte stacod in the note secured 6ereby and together with such interat sh~ll be secured by the lim oE thi: i Mortgage. 4. To pemut, commit, or suffer no waste, unpairment or deterioration of said propert~~, or any pazt therEOf, and upon the failura of the mortgagors to keep the buildings oi? said property in good condition of repair, the Association may dea~and the ~ immediate repair of said buildings or the immediate repayment of the debt hereby sexured, a~d the failure of the mortgagors a to oomply with said demand of the Association for a period of Tbirty (30) days, shall rnnstitute 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 ~ ; Association, immediately and without ndice, may institute proceedinos to foreclose this mortgage and appiv for the appointment ; ; of a Receiver, as hereinaker providecl. ~ 5. Tfiis mortgage contract provides for additional advances which may be made at the option of the association and ! sec~ed by thu mortgage, and it is agreed that in the event of such advances tbe amount may be added to the mortgage debt i and sheD increase the unPaid balance of the note hereby secuzed by the amount of s~ch advance and shall be a part of said , note indebtedness under aIl the terms of said note and this contracc as fully as if a new such note and contract were executed and delivered. M additional advance agreement may be given and aocepted for such advance and provisim~ may be made for differ~ent monthly payments and a different interest rate and other express modifications of tbe oontract, but in all other respects itvs contrad shall remain in fnll foroe and effect as to said indebtedness, including all advances, - 6. If any of the sums of money herein referred to be not promptly and fully paid within Thirty (30) days next aker the same severally come due and payable, or if each ac~d every the stipulations, agreement, conditions, and covenants of saici promissory note ancl this deed, or either, ar~ not duly perfornied, complied with and abided by, the agg~negate sum mentioned ~ in said promissory note and any otlscr aawunt or aznounts added to the mortgage indebtedness under tbe terms of thu mortgage shaII beoome due and pnv~ble forthwith or thcreaker at tbe option of the Association, as fiilly and completely as if said aggregate sum of money was originaUy stipulated to be paid on such day, anything in said pranissory note or herein to the contrary not- wit}atanding. 7. To deliver to the Association, on or before 1liarch 15tb, of each yrar, tax receipts evidencing the payrt~?t of all law•- fully imposed taxes for the precccling calendar year; to deliver to the Association receipts evjdeacinng the peyment of aD liens for puWk improv ernenb witbin ninety (90j days after tbe same shaD hc~eome due and p4yabk, and to pay or discharge within ninety (90) days after due date, any ~nd all govemmental levies tbat may be made on the mortgaged prorerty, on this mortgage nr note, ar in any dher way resulting from the mortgage indebtedness secured by this mortgage. _ go~ 212 ~ 291? ~yyW'~ i~3yc . . _ ~ _ . 4.F - +1R' 'S ~z~fi'&y~ v~~ k~'.~ r'~ . _ _ ~