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Home My WebLink About2857 . ' . at all timespe~ceably and quietly to eater upon, hold, occupy and enjoy swd land; that said land is free from all encumbrances; that they will make such f~uthea asauranoa to pe~fect the fee dmple tide to said land in the Association as may reasonably be required; and t6at thq? do hereby fully waaant tbe tide to said land and ~vill defend the same aguinst the luwful claims of all persoru whomsoever. PRUYIDED ALWAYS that if the l~iortgagors shaU well and tn?ly pay unto the Association, the indebtedness evidenced by that cettain promissory note, of evet? date bet~ewith, made bv the Mortgagors and payable to the Association, in the principal sum of TFiLRTY-F~V..F..!_,THOUSAND_S~?__~LI.~I~R,ED_ANI?_ NQ./1.OQths-.---DoAan (a35,_600. ~0 , .vhich note, together with interest thereon as therein speciEied, is payable in monthly installments of interest payments ; _ due on Oc~ob~r._ 2 9,1.973, Noy~~t~_er 1~, 1973, _ 7?ecember 19,_ 19?.3, January _19,1_S?4, . Feb- ; rua~y 19, ~9?4,__Maxck~.ls,.l.9?4.and then THREE._H[I1~IDRED_T~ENTY.AI~iD_31/1QOths-_-.-- ~ - - - - - Dollars (s 320, .31- - - - - - - - - - on ihe.._.._..L~1_r.day of each month commencing with._ .._---------A~1r11-1s,--.19T4_----------------------------------whkh PaYments ~ :ue to-be-nppl;ed;-first to inter~t, and the batance. to principal, until said indebtedness is paid in fiill, and shall perform, oomply with and abide by each and every the stipulations, agreements, conditions and covenants of said pmmissory note and t~is mocigage, Md, including any advances made by the As9ociation to the Mortgagon. or their succesmrs in tit1C, for any pur~OSe. ; at any time before the release and cancellation of this mortgage, but at no time shall this modgs~ge secure advanees or~ account ~ of said original note together with such additional advances in a sum in ear~~ss oE___T~IIIiTY=~iY~.THQ_IIS,A?11iD___._ SIX HUNDRED AND NO/100ths---------------~~ja~ ~s_ .35,~_600._00__~~ plus any advanc~s necessary - to protect the security and cnsts, then this deed an~ the estate hemby created shal! cease anci 6e null and void. AND THE I1tORTGAGORS DO hereby cuvenant and agree: ~ 1. To pay all and singular the principa1 and interest and other sums of money ~rayable by virtue of said promiscory note ,~ncl this mortgage, or either, promptiy on ihe days respectively the same severaliy come dne. 2. To pay all and singular the taxes, asse~ments, tevies, liabitities, obligations and incumbrances of every nature.and kind no~v on said described prnperty, or ihat hereafter may be im~ suffered,~ced, levied, or assessed thereon, or that hereafter may be levied or assessed upon this Mortgage, or tbe ind tedness secw hereby, cach and every, when due" and ~yabie, :.ccording to law, be[or~ 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 promptly satisfied and discharged of record and ihe original official document (such as, for instance, the taa rcjceipt o: the satisfaction paper officially endwsed or certified) shall be placed in the hands of said ~ ~ssociation as ~iortgagee within ten days next after payment; and in the event that any thereof is not ~raid, 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 rig~ t t?nder or by virtue of this '.1lortgage, and the full amount of each and every such payment sha]1 be immediately due andpa yable - and shaIl bear interest from the date thereoE until paid at the rste stated in the note sc~~red hereb}• and top,ether with such inter- est shall be secured by ihe lien of this Martgage. 3. To keep the buildings and all equipment and peisonal propercy now or hereaEter on said ptemisa covered by this mortgage. ~ insured in a sum equal to at least the amount of che mongage. or an amount sutficient to rnmply with any co-insurance require- menc covering the same under the laws of the State of Florida. covering loas trom both firr and storm, making the loss under said policies, each aod every. payable to the Association, as mongagce, as ecs ineerest tnay appear. and said insurance shall be in a gooei and responsible ins~rance company satisfaceory to said Association, and written by a rapontible local agent satisiactory to said Asso- ciation; and the polic~r or policies shall bear a standatd mongage clause without mntribution, and, if the original prindpal amount of the mortgage is Fitty Thousand aad no j 1Q0 Do11an (s50,000.Q0) or in_ exce~ thereof, shall be held by the Association, and, in che event any sum of money becomes payable under such policy or policies, the Association shall have the option to reteive and apply " che same on account of the indebtedness hereby secured, or to permit the mortgagots to receive and use it, or any part thereof. for ~ other purposes, without thereby waiving or impairing anr equity, lien, or right under and by virtue oE this mottgage, and may ~ piace and pay [or suth insurance, or any patt thereof, without waiving or affecting its option to [orecloae, or any tight hereunder. ; and the full amount o[ each and every such payment shall be immediacely due and payable and shall bear intetest fmm the date + chereof untii paid at the rate stated in the note secured hembr and together with such interest shall be secured by the lien oE this j Jiortgage. i ~f. To permit, rnmmit, or suffer no waste, impairment or deterioration of s:iid propert~•, or any part thereof, and upon ; the failuro of the mortgagors to keep the buiidings on said property in good condition of repair, the Association may demand the i immediate repair of said bu;ldings or the unmediate repayment of the debt hereby secured, and the failure of the mortgagors to complv ~vith said demand of the Association for a period of Thuty (30) days, shall constitute 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 notice, may institute pinc~eclin;s tn foreclose this mortgage and app)v for the appointment of a Receiver, as hereinafter provided. 5. This mortgage contract prnvides for additional advances ~vhich may be made at the option of the association and secured by this mortgage, and it is agreeci that in the event of such advances the amount may be added to the mortgage debt and shall increase ihe unIraid 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 and contract w-ere executed ~ and delivered. An additional advance agreemectt may be given and aecepted for such advance and provision may be made for rfitff~rent~onth ~ ~ ' t ut in all other res ts ihis contract shall remain in full force and effect as to said indebtedness, including all advances, 6. If any of the svms of muney herein neferred to be not prompdy and fully paid within Thirty (30) days next after ~ the same sever.~lly come due and payable, or if each and every the stipulations, agreement, conditions, and covenants of said ; promissory note and this deed, or either, are not duly performerl, complied with and abided by, the aggregate sum mentioned in said promissory note and a»y other amount or amoants added to the mortgage indebtedness under the terms of this mortgage ; shall become due and payable forthwith or thcreafter at the option of the Association, as fully and completely as if said aggregate ~ sum of money ~vas originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- ~ withstanding. -j 7. To delive~ to the Association, on or before ~iarch I~th, of each year, tax reoeipts evidencing the payment of all law•- ' fuliy im~ taxes for the preceding r.ilendar year; to deliver to the Association receipts evidencing the payment of all liens ~ for pub 'c improvements within ninety (90) days aker the same shall he,~come due and payable, and to pay or discharge within ninety (90) davs after due date, any and al) governmental levies that may be made on the mortgaged property, on this mortgage nr note, or in any other way resulting from the mortgage indebtedness securecl by this mortgaRe. ~ - 2~.8 "854 y ~~t , : x' ~ ~ _ h_.. . . . _ ~ ~ ~ ~ - ~