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Home My WebLink About1471 at all times peaceably and quiedy to enter upon, hold, oocu y and enjoy snid lund; th~t said land is fr~. from all cncumbranccs; that they wiU maka such futthes assuranoea bo P~tf°d ~~e° dmple tide to said land in the Association as may reusoruzbly lx~ required; and that they do hereby fully warrant the title to ta?id land and will defend the same aguinst the lawhi) claims oE all perso~s whomsoever, ~ PROVIDED ALWAYS thut if the riortgagors shall well and truly pay unto the Association, the indebteclness evidenoed • f by that certain ~mmissory note, of even date herewith, made bY ~ Mottgagors and Iray.?ble to the Association, in the principal st?m of _T~NENTY-T~iBEE THQ[JS~AND FIVE HUNDRED. ANA NQI100~hmo~t~~ (s 23, 500. 00 .~~hich note, together with interest thereon as therein sPecified, is p:ry~sble in monthly installments of interest due on Fehruary 24. 19Z3,. March..20. 1973. _ April. 20, _ 1~?3, _ May 20, 1973, ~une 2Q _ 1973, : July.20, 1973 and then ONE HUNDRED SIXTY-NINE AND 86/_100ths-------- ~ - _ - . - ~ - ml~~s (s_.169. 86 _ g - - - ~ on the_ _20th,-- day of each monih c~mme~cing with_ Augt1SL--2-Q•---1_~'Z~_-------------------------------------------------which payments ` .ire to be:~ppUed, first to interest, and the balance m principu2, until said indebtedness is paid in fuU, and shall perform, coanply with and abide by each and every the stipulations, agreemenis, conditions and rnvenants of said ~missary note and Uus mortgage, Md, including any advanc~es rnade by ihe Association to the Modgagors, or their successors in tidC, for any purpoae, _ at any ~ime before the release and cancellation of this mortgage, but at no time shall this mortgage secure advances on aceount oE said original note together with such additional advances in a swn in e~~ess of.__T~NTY.-T_~__T~.Q-~-HD FNE HUNDRED_AND_NO(100ths_-_--~------_---.Dollars (~_23~_5Q0..00- p~ any advs?nces necessary to protect the se~urity and costs, then this cleed and the estate hereby created shall cease aad 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 .~ncl this mortgage, or either, promptly on the days respectively the same severally come due. 2. To pay all and siagular the ta:e.s. ass~?ts, levies. liabilities, obtigations and iacumbrances of every nature and kind now on said d~scribed property, or that hereaker may be im . suffered, placed, levied, or assessed thereon, or that hereafter may be levied or assessed upon this 1liortgage, or the ind tedness secured hereby, cach and every, when due and payable, ucconiing to law, before they become delinquent, and before any interest attaches or any penalty is incurred; and insofar as any thereof is of record the same shall be prompdy satisfied and discharged of reoord and the original official document (such as, for instance, the tauc receipt or the satisfaetion paper officiatly enclorsed or certified) shall be placed in the hands of said Association as Llortgagee within ten days neat aEier payment; and in the event that any ther~of is not jraid, satisfied and discharged, said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option,-lien, equity or right under or by virtue of this !liortgage, and the full amount of each and every such payment shal~ be immediately due andpa yable and shall bear interest from the date ihereof until paid at the rate stated in ihe note securetl hereb~• and together with such inter- est shall be secured by the liea of this Mortgage. , 3. To keep the buildings and all equipmenc and petson~l property now or hereaiter on said premises oovrred by this mortgage. ' insured in a sum equal to at leut the amount oE the mortgage. or an amount suEficient to complr with anq co-insurance require- ment mvering [he same under the laws oE the Scace oE Florida, covering loas irum both tire and storm, making the loss under said - policies, each and every, payable to the As.sociatan, as mortgaget. u iu interest may appeu, and said insunnce s6all be in a good ~ and responsible insurance companr satis[actory to said A.ssocution, and written by a responsiWe loul agent satis[actory to said Asso- i ciation: and the policy or policia shall bear a standacd mortgage dause without contribution, and. if the original prinapal amount ° oE the mortgage is Fifty Thousand and no/100 Dollan (s50.000.00) or in excets thereof, shall be held by the Asaociation, and, in che event any sum of money becoines parable under such policy or policirs, the Associ~tion ~all have t6e option to receive and apply the same on'account of the inclebtedness henby secured, or to permit the mongagon to receive and use it, or any part thaeoE. for ~ other purposes; without thereby waiving or impairing any equity, lien, or right under and br virtue of thu morcgage, and auy place and pay for such i~uurance, or any part thereo[, without waiving or aifecting its option to forecloae, or any right hereunder, ~ and the full amount of each and every such payment shall be immediately due and payable and s6a11 bear interest from the date ; chereoi until paid at the rate stated in the note secured hereby and cogether with such interat ihall be secured by t6e lien of this ! Af ortgage. i ; 4. To peRnit, comrrut, or suffer no waste, impairment or deterioration of said propert~•, or :my part thereof, and upon i the failuro of the mortgagors to keep the buildings on said property in good condition of repair. the Association may demand the : immediate repair of said bu;ldings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors ~ to rnmply ~vith said demand of the Association for a perioc~ of 1'hirty (30) days, shall consiitute a breach of this mortgage, and, at thc option of the Association, immediately mature the entire amount of principal and interest hereby secwed, and the } Association, immediately and without notice, may institute proceedinas to foreclose this mortgage and applv for the appointment of a Receiver, as hereinafter pmvided. ~ ~ 5. This mortgage contraet provides for additional advances ~vhich may be made at the option of the assoeiation and , secured by this mortgage, and it is agreed that in the event of such advances the amount may be added to the mortgage debt ; and shall increase the unpaid balance of the note hereby secu:ed 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 and contract Were executed - and delivered. An additional advance agreement may be given and accepted for such advanee and provision may be made for c~iEferent monihlv pa}'n?ents wnd a different interest rate and other eupress modifications of the contract, but in all other respecLs - ihis contract sha11 remain in iull force and effect as to said indebtedness, including all advances. 6. If any of the sums of money herein referred to be aot prompdy and fully paid within Thirty (30) days next after the same severally come due and payable, or if each and every the stipulations, agreement, conditions, and covenants of said pmmissory note and this deed, or either, are not dnly performed, complied with and abided by, the aggregate sum mentioned ; in said promissory note and anv other amount or amounts added to the mortgage indebtedneu under the teims of this mortgage = shall bec.~ome due and pay3ble fvrihwith or ihcreafter ai !he option of the Association, as fully and completely as if said aggregate ~ sum oE money was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- ; withstanding. ; 7. To deliver to the Association, on or before :1larch 15th, of each year, tax receipts evidencing the payment of ail law•- fully imp~s~ taxes for the preceding ralendar year; to deliver to the Association receipts evidencing the payment of all lienc ~ for public impmvements within ninety (90) days after the same shal! herome due and payable, and to pay or discharge within ~ ninety (90) days after due date, any and all governmental levies that may be made on the mortgaged property, on this mortgage ? or note, or in any other way msulting from the mortgage indebtedness secured by this mortgage. ' 90CR?K ~~U P~!Gf' ~ ~ ~ ~ ~ . ~ 3 : ~ ~ x.. _ . . ~ _ J ~ - - _ . . ~ ~_'S-a~,3~+