The URL can be used to link to this page

Home My WebLink About2551 + ' , ,1 TO HAVE AND TO HOI.D the same, togcther ith the tenements. hereditaments and appurt- enances. unto the Associaeion. in fee simple. And the l~tort~gors do hereby covenant ~vith the Association that they are indefeasibly seized of said land in fee simple: that they have full po~ver and lawful right to con~~ey said land in fec simple as aforesaid; that it shall be la~vful for the Association at all times ~peaceably a~~d quietly to enter upon. hold, accupy and enjoy said land; that said land is iree from all encumbrances: that they ~vill make such further assurances tu perfect the fee simple title to said land in the Association as may reasonably be required; and that they do hereby fully ~varrant the title to said land and ~vill - defend the sa~ne againsc the la~vful ctaims of all persons ~vhomsoe~~er. PROVIDED ALWAYS that i[ the ~tortgagors shall well and truly pay unto the Association, tlie indebtedness evidenced by that certain promissory note, o[ ecen date hrmwith, made by the ~~ortgagors and._..,_.._......__._.. _ Claes_..Halletrom,__Co_--Maker_. and___Caroline._.Hallstrom_~____Co_-Maker___and.___..._ . . . . payable_cn che As4QCiation in_ thc -principal__sum_o(_ ~ _ - - 0.00 . NINS't!8$N__ THOUSAND---------- ' - - ' - - Dollars (S 19.i 00. - which note, together with intetest thcreon at the rate of _9._.~Jo per annum [rom._. __NOVEIItb_e]G'___15~__ 197,3__.__ _ _ _ _ , as therein specifiecl, is payable in monthly installments ot ~ - - - - - - - - - _ - - - - - . ~ - - - - - - - - - - - - . . _ _ ' ~ - - - - S._ 17 . 0 - ) --Q~jB__HtJtIDRED SFVSNTY - - - - _ Dollars ( - - - - - on [he -------15th._---_--- day oE each month commencing with ---.-.-_---~ICh --15-~--_ 1974----------------------_---------_ ' which pa}~ments are to be applied, fi~st to interest, and ihe balance to principal, until said indebtedness is paid in full, and shall per[orm, comply with and abide by each and e~•ery the stipulations, agreeme~us, co~ulitions and m~•e- nants of said promissory note and this mortgage, and, induding any ad~•ances made by the .~lssociation to the :~iort- p,agors, or their successors in title. [or any purpose, at any time before the release and cancellation o[ this mortgaqe, but at no time shall this mortgage secure ad~~ances on atcount of said original noee together with such additional advances in a sum in excess of-- - - - - --NIN:$'.~'~~ll__',~'_~?VS~1ND---'- Dollars (S_19~ 000-' 00----)~ plus any advances necessary to protect the security and costs, then this deetl and the estate hereby createci shall cease and be null and void. AND 7HE 11fORTGAGORS DO hereby co~~enant and agree: ~ 1. To par all and singul~r the pri~rcipal and interest and othcr sums o[ mone7 pa7abk by ~•inue o( said promissory note and tAis mort- = ; aage. or either. promptlr on the daYs respecti~-elr the same sererally come due. ~ , ~ , Y. To p~~ all and singular the uses. asussments. Ircies. liabilities. obli~tio~u arnf cncumbrances o[ ecery• oature on said described ; Propertr nch a~ e~~ery whrn due ~nd pa~able acrordiny, to l~rr. betore they become delinqurnt. and i( the same shall not be promptly paid the } , ,1e~ociatiow-mag-u-an~-time_elrti.~ hr?.,rr nr aterr dt~~na~LLY-p~Y._th~same,_without wai~~in~or_af(ecting the option to (oreclose. or any riRht - i ~ hereunder, and reery papment so m~de slull bear interest (rom the dale tt~ereo[ at the maximum kgal nte permitted in Florida in lieu of the j nte hercinbeforr spcYified. ~ t 3. To keep the btiildinqs u~d all equipmrnt and personal pmperty nowr or herea(ter on said pnmises cmrred by this mortgaqc. insured ~ in a sum equal to at least the amount o[ the mwtRage. or an amount w(ficirnt to comply vrith any co-insunrxe requirement corerinq the ~me ° under the laws o( the S[ate of Florida. co~critry~ loss from both (ire and uorm. mati~ the bs under said policies. nch and erer~• paYabk to ~ the Associuion. u mortgagee. as its intereu wy appear. and said insunnce slull be in a good and responsiWe imunnce company satistactor~ to aaid Associulion. and w-ritten by a responsible local a~ent sa~isfactory to said Association: and the policy or pdicies slull bear a snndard Ne++ l'orlc mortgaRe clause without contribution. ~nd sh~ll.be held by the Association. and. in the erent ang sum o( montr becomes payable under such ~ polic~r or policies. the Asxociation shall ha~~e the option w receice and applY the ssox on xcount ot the indebtedneu hereby secured. or to permit ~ the mortgagon to raei~~e and use it. or any part therco(. [or other purpases, ~vithout thercbf wai~ing or impairirryS am equity, Iien, or riyht under ~ and by virtue o[ this mortRaRe. and maY placc and pay tor such insurance. or any part thercot. ~rithout wrairing or a(fecti~ iu option to foreclose. or anr right hcrcundcr, and cach and e~cry pa~ment so made shall bear interrst trom the date thereo( at the maximum legal ntc permitteS in ~ ~ Florida in lieu of the nte hereinbefore spcci(ied. p~yable semiannually. ~ 4. To permit. mmmit. or su((er ra wnste. impairment or detcriontan of said pmpercy. a~ ~~r w?~ ~~r. and upon the (ailure ot ~hc ~ mortgagon to keep the buildinp,s on ssid properry• in good con~ii~ion ot repair, the Association ma~ demand the immediate re~ir of said build- ings or the immediate repayv~ent of the debt herebr secured. and the (ailurr o[ the moreqaqon to comply ~rith saicl dcma~xl of the Associxion (or a period o[ Thirt7 (30) days. shal) ~onstiwte a brrach of thu mortgaAc. and. at the option ot the Associ~tion. immediatdy mawre the entire ~ ~ amount o[ principal and interest henby xcurcd, and the Association. immediatdy and rrithout notice, may instiwte proceeclinge to turecbse this ~ mortgage and apply tor the appointment ot a Recri~~cr. u hereinatter prm•ided. ~ ~ 5. This mortgage contnct pro~ides (or additional adcances ~rhich may be m~de at the option o( the association and secuted b~ this mort- gage• and it is aqreed that in the e~rnt o( such ad~~ances the amount irur be added to the mortgage d~tx and shall increase the unp~id balance o( ~ ~ the note herebp secured by the amoune o( suth ad~•ance and shall be a part of said rate indebtedness under all th~ ternu o( said note and tl~is ~ . = [or such adaance and pro~ision may be made (or di(ferent monthly payments and a dif[ercnt interest rate and oiher expms moditintions of thc ~ ~ contrac[. but in all aher rapects this contnct sfull rrmain in (ull [orce and d[ect u to said indebtadness. i~ludi~ all ad~anca. ; a~ 6. I[ any of the sums ot moner herein reterrctii to be not prwnptly and fullr paid vrithin Thiny (30) da}s neat aftcr the same scvenlly ~ ~ come due and pa~able, or il each and tcet~ the stipulations. aRtecment, conditions, arxl cocemnu ot said promissorr uotr and this deed. or either. ~ ' are not duly ~xtformecf. complied ~cith and abidtd by. the aRqrcgate wm mrntioned in saK1 promissory nWe and any other anqunt or ~mounts ~ added to the mor~gage irtdebteclnrss under the terms of this mortgage shall beco~ne due aud pac~bl~ (onhwith o: therea(ter at the option o! the g ~ Auociation, u fully and compktely u it said aq~reRate sum o[ money w~u origin~llq stipulated to be paid on such da~~, arnehinR in said promissory ~ i nae or herein to the contnry noarithsnnding_ ~ o +s 7. To deli~~er to the .associ~tion. ori on c~fore \farch ISth, of each ~•nr, nx receipu evidencin; the pa~ment of ~II law(ull~ imposect ; tues (or the praeding calendu ~ear, to d~licer to the .?ssoci~tion rrccipts e~idrncinR the pa~ment of all iiens for pubtic imprmements within ; ninctr (9% d~~s aftcr the samc shall become due and pa?~d~1~, ancl to p~y w dixharge ~rithin ninety (90) da~s atter duc dnc, any and all gm• ~ ernmenul levin that mar be made on the mortqaRcd propcrty. on this mongaRe or note. or in any other ~sa~ resultiryS (rom ~he mortqaRe i~xlcbted- nes xcured by this mottqage. u ~a `-~,~.a_ ~ aoox218 P~~~ ~ ~ , ~ ~ ~ ~ . rv ~ _e~_.- - - - _ _ ~