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Home My WebLink About1349 ~ ~ . . .1' . ~ r', 1~ ~ • ! . ~ ? ~ 1 • + ~-i at all timespeuceably and quiedy to entec upoa, hold, occupy and cnjoy said lund; tlx~t said land 'u trea from all encumbrances: ' that they will maka such futth~ p~~ the fee simple title to said land in the Association as may reasonably t,e required; and that they do hereby fully waaa~t the Htle to said land und ~vill defend the same Against the la~vful claims of aU peisons whomwever. PROVlDED ALWAYS that if the rlort agors shull well and truly pay unto the Association. tbe indebtedness evidenoed by that certain promissory noce. of e~+~ ~S~e by the Mortgagors and pnyuble to the Association, in the principal ENTY FIVE THOUSAND SIX_AUNARED AND NO/100ths------ po~~~ ~s 25, 600.00 _ - s - - - - - ~ TWp HUNDRED which not~, together with interest thereon as therein sPecIfied, is payabte in monthly installments of y_-_-_ ~ NINETEEN AND 24/100ths-------------------------------------- - . - - . f . ' . _ ' ' . - ' " " . . t - . _ . _ DoUars - 219. Z~ ~ - - on the-_---.f~l.---------day of each month cvmmencing with -----M$~_S~r_1974 ----_----------------------------------which payments ' :ue to be appL~ , first to interest, and the balance to principal. until said iadebtedness is paid in fuU, and shaD perform, aomp1y with and abide by each and every the stiptilations, agreements, conditions and covenants of said promissocy note and thls mortgage, And, including any advances tnade by the Assodahon to the Mortgagors, or their successors in tit1C, for any purpose, at any time before the release and cancellation of this mortgage, but at no time shall this mortgage secure advanoes on account TWENTY FNE THOUSAND of said original note together with such additional advances in a sum in eacess of------------------------•--------------------------------- _ 25, 600. 00 p~ ~y advances necessary -SIX HUNDRED_AND NO/100ths-_-------_----- .Dollars (i------------------- - to pmtect the security and cos~s, tben this deed and ihe estate hereby created shall cease and be null and void. AND THE MOR'1 GAGORS DO hereby cvvenant and agree: t I. To pay all and singular the principa1 and interest and other sums of money payable by virtue of said promissory note .~nd thic mo~tgage, or either. promgtly on the days respectfvelY the same severally come due. ~ 2. To pay all and singuiar the tazes, ass~~me~ts. 1~~.1~bilities, obligations and incumbrances of every nature and kind ~iow on said deseribed property, or that hereafter may be imposed, suEfered, placed, levied, or assessecl thereon, or that hereafter may be levied or assessed upon this Mortgage, or tbe indebtedness secured hereby, cach and every, when due and payable, sccording to law, before they be~ome delinquent, and before any interest attaches or any penalty is incurred; and 'uuofar .u ~ny thereof is of record the same shall be promptly satisfied and discharged of reoord and the orignal official document (such as, for instance, the tax receiPt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said : Association as ?~fodgagee within ten days next after payment; and in the event that any thereof is not paid, satisfied and disch~ed, : said Association may at any time pay the same or any pazt thereof without wuving or affecting any option, lien, equity or n~t ~ under or by virtue of this ~Iortgage, and the full amount of each and every such payment shall be immecliately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in the note secured hereb~ :u~d together with such inter- est shall be secured by the lien of this Mortgage. _ ; 3. To kcep the buildings and all equipment and petsonal property now or hereafter on said premisea covered by this mortgage. ; i~su:ed in a sum equal to at least the amount o[ che mortgage, or an amount su[Eicient to mmply with any co-insunnce require- ; ment rnvering the came under the laws of the State of Florida. rn~ering loss [rom both tire and storm, making the laas under said ~ policies, each and every, pay~ble to the Association, as mortgagce, as its incerest may appear, and said insurance shall be in a good ; ' and responsible insurance company satisiactory to said Association, and written by a responsible local agent satisEacwry to said Aaso- ' j ciaeion; and tt?e policy or policies shall bear a standard mortgage clause without mntribution, and, if the originai principal amount - ~ ~ o[ the mortgage is FiEty Thousand and no/ 100 Dollan (s50,000.00) or in excess thereof, ahaU be held by the Association. and, in ~ E the e~ent anr sum of money becoines payable under such policy or policies, the Aswciation shall have the option to receive and apply _ y the same on account of the indebtedness hereby secured, or to permit the mottigagois to receive and use it, or anr part thereof. for ~ E oeher purposes, wichout thereby waiving or impairing any equity, lien, or right under and by vinue of this moregage. and may . ~ piace and pay for such insurance, or any pan thereof, without waiving or af[ecting its option to foreclose. or any right hereunder, ? ai?d the tull amount of each and every such payment shall be immediately due and payable and shall bear interest fmm the date ~ thereof until paid at the nte stated in the note secured hereby and together with such interest shall be secured by the lien of this F !~fortgage. ` s To permit, commit, or suffer no waste, impairment or deterioration of said propert~•, or any part thereof, and upon the failuro of ihe 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 mortgagors ~ to rnmplv ~~ith said demand of the Association for a period of Thirty (30) days, sha11 constitute a breach of this mortgage, and, at t~c option of the Association, immediately mature the entire amount of princiiral and interest hereby secured, and tbe :~ssociation, immediately and without notice, may institute proceeclin;s to foreclose this mortgage and appl~• for the appointment ~ of a Receiver, as hereinafter providerl. ~ 5. This mortgage contraM provides for additional advances K~hich may be made at the option of the association and secured by this mortgage~ and it is agreed that in the event of such advances the a:nount may be added to ihe mortgage debt 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 and contract were executecl ~ and delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for ~ c~ifferent monthlv payments and a different interest rate and other express modifications oE the contract, but in all other respects ~ ihis contr:tM shall remain in full force and effect as to said indebtedness, including all advances. ~ 6. If an of the sums of mon herein referred to be not prompdy and fully paid ~vithin Thirty (30) days next after t ~ the same severally come due and pa~ble, 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, the aggregate sum mentioned ~ in said promissory note and any other amount or amounts added to the mortgage indebtedness under the terms of this mortgage shall become due and payable forthwith oc thereafter at the option of the Assoeiation, as fuUy and completely as if said aggregate ~ sam of money was originally stipulated to be paid on such day, an}'~hing in said promissory note or herein to the contrarv not- : ~ ~vit}utanding. ~ 7. To deliver to the Association, on or before ltarch 15th, oE each ~•ear, tax receipts evidencing the payment of all law•- ~ fuUy im~ taxes for the prececiing calendar year; to deliver to the Association receipts evidencing the payment of all liens for pub 'Lc im~rovements within ninety (90) days after the same shall hecjome due and payable, and to pay or discharge within ~ ninety (90) days after due date, any and all govemmental levies that may be made on the mortgaged property, on this mortgage or note, or in any other way resulting from the mortgage indebtedness secured by this mortgage. ~ Q ~ ~ s = - - eoa225 ~1347 ~ ~ - ~ . - ~ < t , F : ~ ~ . ~ . ~ ~ _ , Y,~,~ . , ~ > e - - ~ ~ " ~ - . . . _ _ _ . _