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Home My WebLink About2547 . , v TO HAVE AND TO HOI.D the same, tc~gether with the tenrments, hereditaments and appurt- enances, unto the Association, in fee simple. And ihe \tortgagors do hereby covenant tvith the Association that they are indeteasibly seized of said land in fee simple: that they have full power and la~vEul right to convey said land in fee simple as aforesaid; that it shall be laHful [or the Association at all times peaceably and quietly to enter upon, hold, occupy a~id enjoy s.~id land; that said lai~d is tree from all encumbnnces: that they ~vill make such further assurances te~ perfect the fee simple title to said land in the Assexiation as may reasonably be required; and that they do hereby fully warrant the title to said land and H ill defend the same against the la~vful claims c~f all perse,ns ~vhomsoever. PROVIDED ALWAYS that if the ~tortgagors shall M~ell and truly pay uuto the r~ssociation, the indebtedness e~•idenced by that certain promissory note, of ecen datc hrreNith, made by the ~iorcgag~ors a~xf _ Claes _ Hallstrom, __Co-Maker. and_ _Caroline Hallstraat____Co-Maker__ and _ _ --------NYable to the Association in. the principa! sum of NINETSEN THOUSAND--_-- - - Doitan (519~ 000~.00... . - which note, together with interest therco~i at tlic ratc of _ 9 o p~r anoum [rom _Noveraber 15,._ _1973 , as therein specified, is pa~able in monthh• insullmenu o[ - - - _ . - - - - - - - - - - - - - - - - - _ONE HUNDRSD SLVENTY - - - - - - - - - - - - - ---170.00 - - - Dollars (s - - - - - - - - - - on the ----._15th----- day of each month commencing with MatCh--15~---1974-- - which payments are to be applied, fint to interest. and the balance to principal, until said indebtedness is paid in tull, and shall periorm, compl~ with and abide by each and erery the seipulations, agreemenes, condieious and co~•e- nants of said promissory note and this mortgage, and, inciuding any ad~•ances made by the Association to the ~tort- p,agors, or their successors in ticle, for any purpose, at any time betore the release and nncellation ot this mongage, but at no time shall this mortgage secure advances on auount o[ said original note toqeeher with such additional advances in a sum in excess o[ - - - - - - - - - _ - - - . NINETBEN THOUSAND - - - - - - - - - - - - - - - - s 19,~ 000. 00._~ - - - Dollars ( _ . . - - - - ~ plus any advances neceuary to protect the security and costs, then this deed and the estate hereby creaeed sh311 cease and be null and void. AND THE ~fORTGAGORS DO hemb~ covenant and agree: ~ 1. To par all and singular ~he principil and interest and other wms ot mone~ pasabk bp vinue o( said promesors nac aod ihis mort- ~ 8~6~• or either. prompily on ihe d~ys respecci.Yly dx same se.-erali7 mme due_ . I : i 2. To par all ~m1 singular the taxcs. as~ts+ments. lecies, liabilitia, obligatioru and rncumbnncrs d esm rumre on said describcd ~ propertY. nch and e~tn wMn da~ ~nd pa~~Lir accotdi~ to I~~r. bc[ore ther become delinquen4 and it the same alull not be ~tls ~aid tl~e ~ Assocution may at an~ time either before or a(ter delinqucnc~ par the same ~tlwut rai~ing or a[fectiug t6e opuon w[~or ans r~~~ E he~eunder. and ercry parment so wde shall bear intcrat (rom the date therrn( at tht muimum ksal na pcrmitted in florida in lieu ot c6e _ ` nte hereinbefore specified_ - E ~ € 3. To keep the buiWinXs and all cquipmrnt ard pcrsorul property oo~r or here~tter ou said p~emises cu+-ered b7 thi+ mortg+ge. insurcd ~ in a sum equa! ~o at Irut the amount of tlu mortgagr. or an amount w(!icient to complJ ~ci~h ~os co-iruunnce requiremcn~ co+eri~ the same ~ under the la~vs o[ the Sute ot Fbrida, cor•erinR loss Irom both (ire and uorm, matirq~ the bs under said policies, esch and c.m, papbk to ~ the Association. as mortgagte. a~ its intetest may ]PP[]f. Lld Sild inwnncr s6all be in a good and ~cvhk i~urancr compam ntisfxtor~ to ~ said Associa[an. and vrritten b} a mponsible loc~l agent satisfxto~ to uid Associatioo: ~nd tMe polics or policies sFuO bnr a st~ndard Xewr ~ York mortgaqe clause vrithout contribution. and shall be held bc tLe :~ssotiation. and. in the ecrnt ans wm o( moner becomes papble under wch policy or policio. the Association shall have the option w recei~r and apply ~he same on xawnt o( tlie indebtedness herebs secured. or w permit the mortga~ots to recci~e and ux it, or any p~rt thercof, (or other purposes, vrit6out therebs wai~ing or impairi~g anr equics_ lirn. or righ[ und~r and by vinue ot this mort~c. and rtuy pl~ce ar~d pay (ar such inwnnce. or anp part thereo(. ~ri~Mut ~ranirqS a a((ectirq~ ia option W foreclose. or anr right henunder. ~nd nch and ercry patrtxnt so made slull bear intereu (rom ~he datc tbereot at the ma:imum lqpl nte permitted io Florid: in lieu of the nte her~inbetorc spccilicd. p~y~We semiannuallY. To permit. mmmit. or w(!er no waste. impairmen~ or detcrionian of said properq. or an~ pan ~hcrcot. and upoa ~he (ailure o[ ihe ~ monqagors to keep the buildinRs on said pro~xrtc in good iondition oi repair. the Association ma~ dcaund the immed'utc rcp.ir of said build- ~ i~s or the immed'ute repaymene of the dcbt herebt securtd, and the failure o[ ~he mort~a~o~s to camph ~ith said d~mand o( ~he ~seociation (or ~ a period o[ 7'hiny (30) da~s. sFull cons[itute a bmch o( this monRa~e. and. at ehe option o( the Ataoeu[ioa. immeduteh m~ture the entire amount of principal and intenst hercb~ secured. and the ~ssoci~~ion. immedutely and ~eithout noeice. ma~ inxituee peoccedinp,s to (oreclme this # ~ mortqage and aPp1Y for the appointment of a Recrirer. u hercinafter prrn-ided. ~ ~ : ~ 5. ?hu mortgage contr~ct pro~ides (or ~dditional advances ~rhich ma~ be made at the option d the uwciatioo and secured bc ihu mort- 5 ~ gage. and it is aqreed that in the c~rnt ot su~h a~icances thc amount ma~ be added ~o the mw~e debt and ehall increase the unpaid halance d ' ~ . . • - - - ~ contnct as 1u11} u if a new such rwte and coutract ~rrn ncnute~ ane! dclicered. :~n addition~l ad~ance ~~rrrment ma~ be Ri~rn and xceptrd ~ (or such ad~~nce and pro~ision may be made (or di(ferent mon~hly p~~ments and a di((erent interest nte and other acprex modi(ic~tions o( the ~ ; contnct. Iwt in all other raprcts thu comnct sha0 reauin in (ull (orce and d(ect u w said indebtednns. inctudinR all adaznces. ~ 6. 1( any o( the sums of money herein refemd to be not promptlY and (ull~ paid Kit6in 77tim (30? da~s n~t atecr the s~me ae+enlls ~ come dut and pa~'ablt. or i( each and c~cr}~ the stipulatioru. aRtec~ntnt. conditions, and co~enants o[ said ptomi$or~ note and th6 dced_ or eithtr. ~ are not duly p~rtormed. complied ~rith and abidcd br. the a~regate sum mentioned in said promissor~ nac ~nd anr other ~main[ or amoun[s ~ added ro the tnortRaqe irxlebtcclnesti under the ~erms o( ~his mrxtgaRe ~hall txcomc due ud payabk (orthrri~l, or thercalter at thc option ot tlx ~ Association. u(ully am.+ compkt~ly u i[ said aqqrc7pte wm ot mw~ xu originally uipulucd to he paid on such da~. amthi~ in said p.~isorr ~ note or hetein to the contnry notKithsanding. = ~'s tm 7. To ddirer to the Association. on or be(ort ~farch lith. of each ~car. uz reeeipes eridencir~ thc potment oi a!1 lavieN~ impoxd i uzes (or the precederryS oltndar ~ear: to deli~er to the .i?saution receipes e~ideacir~ tht pa~ment o( ~II licm Iw pubiic imprmemenn ~rithin ~ ninet 90 da z a(ter the same shall brcome due and able. ~nd to or dixlu ~cithin ninet~ da~s atter doe date, an and aU ~ r() ~ w~ w~ ?~s~ t~ ~ x~- ;~T trnmenpl le~ies that may be m~dc on the mortq~Rcd propen~. w~ this mortgaRc or nar. or in ~ny other w~~ rewltinR irom the mortRa~e indcbicd• i _ ness securcd by this monqaqe. ~ ~ ~ i r~ ~ ~ ~ ~~~2i8 ~~54~ ~ . ~ ~x ~ . _ _ ~ ~x~~ ~ ~ 4 _ _~tN~_ z~. ~ ~~vC~ ~ ~ .C~i*T.~'~.'