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Home My WebLink About0271 at all times peaceably and qiuedy to enter upon, hold, ac~cupy und enjoy sa~d lund; that said land 'u frc~ from all encumbrances; that they will make sucha ~~~~P~~ ~e to saidpJai,~jtlend wil~l def nd theesame~g:unstathe 1 wful~el.~iuns of required; and that they Y~Y all perso~u whomsoever. PROVIDED AL~~'Al'S thut if the Tiurtgagors shall ~vell and truly pay unto the Assoriation, thr indebtedness evidenceci by that certain promissory note, of even date herewitb, made by the ~lortgagors and ~yable to the Association, in the principal 5 000.00 sum oE __FIVE THOUSAND AND NO~l00ths--------- Dollars (S ' - - . . - - . - «~hich note, together with interest thereon as thercin specified, is ~:?yable in monthly i~stall~nents =f FORTY THREE_ _ AND 29/100ths--------------------------- . _ _ _ . _ . noll~r~ ~s _ 43. 29 _ - - - - - May 2, 1974------------ which yments on the. _ 2nd day of each month c~mmencing ~»th ~ ` are to be :~pplied, first to interest, and the balance to princigal, until said iadebtedness it paid in full, and shall perform, comply ..•ith and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage, Md, including any advances made by the Assoc~ation to the Nortgagors, or their successors in tidr. for any pnrpose, at anv tin?e before the release and rancellation of this mortgage, bot at no time shall this mortgage secure advances on account of said original note together ~vith such additional advances in a sum in excess oE_____._ FIVE THOUSAND AND _ - - - ' - _ _ _ ) lus any advances necessary _ "boltars (s 5, 000. 00 , P NO/100ths------- - - - - _ - to proteM the security and costs, then this deed and the estate hereby createcl shall cease and be null an voi . A1VD THE ~iORTGAGORS DO hereby ctivenant and agree: 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory nute .~nd this mortgage, or either, promptly on the days rapectively the same severally come due. 2. To pay all and singular the taxes, assessments, levies,liabilities, obligations and incumbrances of every nat~ue and kind no~v on said described properh+. or that hereafter may be irnposed, suffered, placecl, levied, or :usecsed thereon, or that hereafter may be levied or assessed upon this ?~tortgage, or the indebtedness securecl hereby, cach an3 e~•ery, ~vhen due and payable, :.ccord'u~g to law, before they become delinquent, and before any interest attaches or any penalty is incurred; and insofar .u any thereof is of record the same shall be prompdy satisfied and dischargecl of record and the original officiat document (such as, for instance, the tax receipt or the satisfaMion pa~r officiall~ endorsecl or certified) shall be placed in the hands of said Association as ~tortgagee ~vithin ten davs next after payment; and in the event that any themof is not jraid, satisfied and discharged. said Association may at any time pay the same or any part thereof ~vithout ~~~aiveng or af[ecting any option, lien, equity or right tinder or by virtue of this \iortgage, and the full amount of each and every such payment shall be immecliately due andpa yable ~u?d shall bear interest from the date thereof until paid at the r:?te stated in the note securecl hereb~• and together with such inter- est shall be secured by the lien of ihis l~iortgage. ; ' 3. To keep the buildings and all equipment and personal property now or hereafter on said premises covered by this mortgage. ' I = f insured in a sum equal to at lease the amount o[ the mongage, or an amount suf(icient co comply with any co-insunnce require- t ment rn~ering the same under the laws of the State of Florida. covering loss from both tire and storm, making [he loas under said policies, each and every, payable to the Association, as mortgagee, ac its i~~terest may appear, and said insurance shall be in a good ` and responsible insurance company satistactory to said Association, and Mritten bv a responsible local agent satisEactory to said Asso- k ciation; and the policy or policies shall bear a standard mortgage dause without contribution, and, if the original prindpal amount o[ che mongagc is Fi[cy 7'housand and no/ 100 DoUars (5~.~•~) or in excess ehereof, shall be held by the Assotiation, and, in ~ the event any sum of money becomes payable under such polic7 or policies, the Association shall have the option to receive and apply ~ the same on account ot the indebtedness hemby secured, or to permit the mongagots to receive and use it, or any part thereof, for ~ other purposes, without thereby waieing or impairing any equity, lien, or right under and by virtue o[ this morcgage, and may ~ place and pay for such insurance, or any part thereo[. without wai~•ing or a[Eecting its option to [oreclox, or any right hereunder, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date ~ ehereoE until paid at the rate staeed in ehe note secured hereby and eogether with such ineerest shall be secured by the lien of this ~ \tortgage. ~ -1. To permit, commit, or suffer no waste, impairment or deterioration of c:~id propert~•, or .iny part thereof, and upon ~ the failuro of the mortgagors to keep the buildings on said propert~• in good condition of repair, the Association may demand the ~ immediatc repair of said bu~ldings or the immediate repayment of the debt hereb~• secumcl, and the (ail~re of the mortgagors ~ to comply ~vith said demand of the Association for a period of Thirty (30) day~s, shall constitute a breach of this mortgage, and at the option of the Association, immediately mature the entire amount of principal and interest herebv secured, and the ~ :lssociation, immediately and without notice, may institute proceeciin~;s tn foreclose thu mortgage and apph~ for the appoimm~ent ~ of a Recei~'er, as hereinaEter provided. i. This mortgage contract provides for additional advancrs ~.~hirh may be made at the option c~E the association and 4 ~ secured by th~s 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 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 conUact .~-ere executed .~nd delivered. An aidditional advance agreement may be given and accepted for such advance and provision ma~• be made for = different monthiv payments and a different interest- rate and other e!cpress modifications of the contrac:, but in all other respects i ihis contract shall remain in full force and effect as to said indebteciness, including all advar.ces. : d 6. If anv of the sums of muney herein referred to be not prompdy and fullv iraid ~sithin Thirty (30) da}'s next after the same severally come due and payable, or if each and every the stipulatior~s, agrcemeni, conditions, and covenants of said 'S~ promissory note and this deed, or either, are 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 pa~•3ble forthwith or thereafter at the option of the Association, as fully and completely as if said aggregate sum of money was originally stipulated to be paid on such day, am~thing in said promissory note or herein to the contrarv not- :~;3 ~vithstanding. 7. To deliver to the Association, on or before ~tarch 15th, of each y~ear, tax receipts evidencing the payment of all la~~~- (ully imposed taxes for the preceding calendar vear; to deliver to the Association receipis evidencing the payment of all liens for public improvemenis within ninety (90) days aker the same shall become due and payable, and to pay or discharge within ninety (90) da~~ after due date, any and all govemmental levies that may be made on the mortga~ed pmperh•, on this mortgage nr note, or in any other Way resulting fmm the mortgage indebteclness scrured bv this mort~aQe. _ - ~oo~ 2~6 2 ~1 ~ - ; : a