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Home My WebLink About1239 epuo~ ~o •d~~~ a1~~1 '8 ~~e~~ at aU timespeaceably and quietly to eater upor~, hold, occuey and cnjoy sa~d l:?nd; that said land 'u fres from aU encumbr,inces: that they will make such further aasunnoes to perfe~t the fee slmPle title to said land in the Association as may reasonably be required; and that they do bereby ftilly wamnt the title M aaid land and ~vill defend the same against the lu~vEu1 claims oE all pecsons whomsoever. PltOVIDED ALWAYS that if the I~iortgagors shaq weU and truly pay unto the Association, the indebtedness evidenced by that certain pmmissory note. of eveu date berewidi. a~ade by the 1ltortgagors and payable to the Association, in the principal FORTY-Z'WO THOUSAND AND NO/200--------------------- ~Z 42, 000. 00 sum of - - _ _ - - _ w~hich note, together with interest thereo~ as therein sPecified, is payable in monthly installments of THREE HUNDRED SEVENTEEN AND 24/100----------------------------------------------------- - -Dollars (S _317._24 - - on the------ .2nd.--•---day of each mouih commencing w;ch----..__. -----January_ 2,_19?3 _ wh;ch payments - .ue to be applied, first to interest, and ihe balance to prindpal, until said indebtedness is paid in fuil, and shall perEorni, oom ..•ith and ab'~de by each and every the sti hons~ agreements, conditions and ooveaants of said promiuory noce and . mortgage, And, iacluding any advances ma~by the Assaciation to the Mortgagon, or their suoceswrs in tidr, for any purpose, at any time before the mlease and cancellation of this mortgage, but at no time shall ihis mortgage secure advances on account FORTY TWO THOUSAND of said original note together with such additional advances in a sum in eucess of--------------------------------------------------------- AND NO/100--- 42 000.00 Dollars (5--------:--------------------), plus any advances necessary - to protect the security and costs, tben this deed and the estate hereby created shall cease and be nall and void, AND THE MORTGAGORS DO hereby cvve~ant and agree: 1. To pay all aad singular the principal and int~+est and other sums of money payabk by virtue of said promissory note and this modgage, or eitLer. promptly on the days respectively ihe same severally come due. 2. To pay all and smgulaz the tazes, a~ments, levies.lfabilities, obligations and incumbrances of every nature and Iand ~ now on said de.scribed property, or that ~ereaker may be imp , suffered, placed, levied, or assessed theneon, or that hereaft~ may be levied or assessed upon this Mortgage, or the indeht dness secured hereby. each and every, when due and payable, according M law, before they bec~ome deliriquent, and before any interest attaches or anype nalty it incurred; and it~sofar .u any thereof is of record the same shall be prompdy satisfied and diSChazged of reoord and the original off'icial document (such as, for instance, the tau receipt ar the satisfaction paper officialiy endorsed or certified) sha11 be placed in ihe hands of said Association as Mortgagee within ten days neut after payment; and in the event that any ihereoE is not paid, satisfied and discharged, said Assoriation may at any time pay the same or any part thereof ~vit}?out waiving ar affecting any option, lien, equity or righ t under or by virtue of this '~lortgage, and the full amount of each and every such payment shall be immediately due and payabie and shall bear interest from the date thereof nntil paid at the rate stated in the note securecl ht~eb~~ and togethe~r with such inter- est shall be secured by the lien of this Mortgage. 3. To ketp the buildings and all equipment and personal property no~v or hrnafter on taid premises covered by this morcgage. insured in a sum equal w at least the auwunt af the mongage, or an amounc suf[icient w complr with any caiiuurance require- ment rnvering che same under the laws of che State of Fbrida, mvering loss tmm both Eire and scotm, making the loss under uid policies, each and evt~y, papable to the Association, as mortgagee, as iu interest ma~+ appear, and said insuranee shall be in a good and taponsiWe insurance company satis[aaory to said Associaeion, and written by a mponsibk local agent satidactory to said Asso- ciation; and the poliry or policia sh~Jl bear a standard mongage clause without rnntribution, and, if the otiginal prinapal amount of the mongage is Fihy Thousand and no/ 100 Dollars (f 50,000.00) or in txctas thereof, shall be hdd by the Assotiation, and, in che event any sum oE money becomes payable under such po4cy or policiea, the Association shall tuve the option to r+eceive and apply # the same on acoount of the indebtedness herebp secured, or eo permi[ the mortgagors to receive and u~e it. or any part thtreof, for t ather purposes, without thereby waiving or impairing any equity, lien, or right undet and by virtue oE this mortgage, and may place and pay for such insurance, or any part ehereoE, without waiving or aE[ecting its option to foreclose, or any right hereunder. and the full amount of each and every such payment shali be immediacety due and payable and shall bear inter~est fnom the date ~ chereoE until paid at the rate statec! in the nate secarr~d hereby and together with sucb intet+e8t shall be secured by the lien of this Aiortgage. i • ~ ~1. To permit, 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 buildings on said property in good condition of repair, the Association may demand the , ; immediate repair oE said bu;ldings or the immediate repayment of the debt hereby secured, and the failure of the modgagors ; to comply with said demand of the Association for a period of Thirty (30) days, shall co~utitvte a breach of this mortgage, F and, at the option of the Association, immediately mature the entire amount of principal and interest hereby secwed, ar~d the ~ .4ssociation, immediately and without notice, may institute proceedin;s to foreclose this modgage and applv for the appointment ~ ~ of a Receiver, as hereinafter provided. ~ 5. 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 agrecd that in the event of such advances the amount may be added to ihe modgage debi and shall increase 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 fully as if a new such note :uid contract w•ere executed ; and delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for ; different monthlv payments ~nd a different interest rate and other express modifications of the rnntract, bat in a!1 other respects 4 ihis contract shall remain in full force and effect as to said indebtedness, including all advances, 6. If any of the sums of money herein referred to be not prompdy and fully paid within Thirty (30) days next after s the same severally come due and peyable, or if each and every the stipulations, agreement, conditions, and covenants of said promissory note and this deed, or either, aze not duly performed, complied with and abided by, ihe aggregate sum mentioned - ~ in said promissory note and any other amount or amounts added to the modgage indebtedness under the terms of this mortgage _ si?a11 },r~mme due and navable forthwith or thereaker at the option of the Association, as fully and rnmpletely as if said aggregate - sum of money was originally stipulated io be paid on such day, anything in said promissory note or herein to the contrary not- withstanding. 7. To deliver to ihe Association, on or before ~iarch 15th, of each year, tax receipts evidencing the payment of all laH•- ~ fully im~ taxes for the prececling calendar year; to deliver to the Association receipts evidencing the payment of att liens ' for pub 'c improvements w~~t~ ninety (90) days after the same shall hecome due and payable, and to pay or discharge wfthin ninety (90) days after due date, any and al) govemmental levies that may be made on the modgaged property, on this mortgage ~r note, or in any other way resulting from the mortgage indebtedness secured by this mortgage. c~'~!! FACi 1237 fl R - , aoo~ ~08 ~'7 i'0 ~s ¢ ; ~ ~ ~ . . a..= . _ _ . - ~ _