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Home My WebLink About0161 at all timespe a~ceably sud quietly to eater upon, hold, occuPy and enjov saxi land; that said land 'u free from aU encumbrances; that they wiD make such fv~ther ass~a~anoes b~ pe~fed the fee simple titb to said land in the Association as may reasonably be uired; and that they do hectby fiilly waRant the titb to said land and ~vill defend the same against the la~vful claims of aU persons whomsoever, PROVIDED ALWAYS tl~at if the I~iortgagors shall weD and tnily pay unto the Association, the indebtedness evidenced by that certain promiss~? twK, af even dsdc h~e~vith. made by the ~iortgagon and pc?yable to the Ascociation, in the principat 5,,,,,, TAIRTY NINE_THOUSAND_1vINE__HUNDRED AND NO/100ths--~~~~ ~a 39, 900.00 .vhich note, together with interest thereon as therein specified, is payablc in monthly installments of TAREE HUNDRED FORTY-EIGHT AND 62/100ths------------------------------------------------- - - - - - . - - Dollars (S._. .3~8..62------ - - - . July 8,1974 ~ on the_8~------- ------day of each month commencing wrth ----------------------------------------------------------------------which payments :ue to be applied. first to interest, and the balance to~prinaPral. until said indebtedness is paid in fuU, aad shaII perfomn, oomply with and abide by eac6 and every thc sdpularions, agr~ements~ conditiau and cavenants of said promiuory note and t6u modgage, Md, includia8 anY advances made by the Associatian to the Ma~tgago~s, or their suocessors in titlC, f~ any pt~rpoae, at any time before the release and cancellation of this ioortgage, but at no time shall this nwrtgage secure advances on account of said original note togethet with such additionat adva~xes in a sum in eacess of_ TA~TY_NINE_1'HOUSAND----- - NINE HITNDRED AND NO/100ths------------ 39 900. 00 lus an advances necessary - Dollais (Z.- - P Y to protect the security and costs, then tbis deed and tbe estate hereby created shall cease and be null and void. AND THE I1iORTGAGORS DO hereby cuvenant and agree: 1. To pay all and siagular the p:incipal and interest and other sums of money prayabk by virtue of said promissory note and ihis mortgage, or either, pnomPtlY m~ the daYs rr~sspectivelY the rame severally rnme dne. 2. To pay aIl and smgnlar ibe tazes, a~?ts. levies• liabilities, obligations and incumbrances of every nature and ]dnd ~ now on said described propedy, or that h~after may be imposec~ suffered. placed. levied. or ass~sed thereon, or that hereafter ; may be levied or assessed upon this L~ortgage, or the indebtedness sec~red herebv, cach and every, when due and payable, 3ccorcling to Iaw, before they become delinquent, and before any interest attaches or any pena1ty is incumed; and insofar :?s any therEOf is of record the same shall be promptly satufied and disrharSed of reoord and the ori~nal official document (such ss, for instance, the tax receipt or the satisfaction paper officialty endorsed or certified) shall be placed in the hands of said Association as tiortgagee within ten days next aker pa}~met?t; and in the event that any thereof is not pa~d, sacisfied and discharged, said Association mdy at any time pay the same or any part thereof ~vithout w~aiveng or affecting any option, lien, equity or right . under or by virtue of this ~fortgage, and the full amount of each and everv sach payment shall be immecliately due andpa yable and shall bear interest from the date thereaf until paid at the rate stated in the note securecl hereb~ and toi;ether with such inter- est shall be secured by the aien of ihis Mortgage. 3. To kcep the buildings and all equipment and petsonal property no~r or herea[ter on said premisa rnvercd by this mortgage. insured in a sum equal to at least the amount of the mortgage. or an amount sufficient to comply with any co-insunnce require- ment rnvering the ume under the la~vs oE the Stace o[ Fbrida, m~ering loss from both fire and storm, making the loss under said ; j policies, each and ea~ery. payable w the Associatio~a as moregagee. u ia interest may appear, and said insurance shall be in a good j and responsible insunnce company utisfaaory to said Associ~tion, and written by a responsible local agent utislactory w said Asso- E ciation; and the polic~r or policia shall bear a sundard mortgage clause without rnntribution, and, if the original principal amount ~ t oE the mongage is Fifty "Thousand and no/100 Dollars (5.50.000.00) or in ezcess thereoE, s6all be held by the Association, and, in ~ the event any sum of money becomes payable under such polic~r or policies, the Association shall have the opaon to receive and apply the same on acooont of the indebtedness hereby secured, or ta permit [he mortgagon to receive and ~e it, or any part t6ereoE. for , other purposes, without therebr wairing or impairing ~nr ~~~cy, lien, or right undtr and by virtue oE this mortgage, and may place and pay Eor such inturance, or any pan theteof, ~rithout wai~•ing or affectiag its option to foreclase, or any rig6t hereunder. and the fuli amount o[ each and every such pa}ment shall be immediacely due and payable and shaU bear interest from the date ehereof unW paid at the nte stated in the note secured heneby and together with such interest ahall be secured by the lien oE this : ~iortgage. To permit, ccmmit, or suffer no waste, impairment or deterioration of said propert}•, or any part thereof, and upon the failure of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors to comply ~vith said demand of the Associ:ition for a Period of Thirty (30) d:iys, shall constitute a breach of this martgage, and, at the option of the Association, immediately mature the entire amoimt of principal and interest hereby secured, and the .~ssociation, immediately and w-ithout notice, may institute proceeclin;s ro fareclose this mortgage and appb for the appointment ? of a Receiver, az hereinafter provided. ~ 5. This mortgage contraM grovides for addition:il advances ~shich m:ry be made at the option of the association and secured by this mortgage, and it is agreed ihat in the event of such advances the a.-nount may be added to the mortgage debt _ and shall increase the ~mpaid balance of the note hereby sec~u+ed by the amount of such advance and shall be a part of said note indebtedness under all the terms of said note and this contraM as fuDy as if a new such note and contract w•ere executed and delivered. An additional advanoe agreement may be given and accepted for such advance and provision may be m~de for ; clifferent monthlv ga~~menis and a different interest rate and other esgress modifications of the contract, but en all other respects this contract shall remain in fu11 force and effect as to said indebtedness, including all advances. ~ 6. If any of the sums of money herein referred to be not promptly and fullv paid withiu Thirty (30) days next after a,, the same severally come due and payable, or if each and every• the stipulatans, ao cement, conditiuns, and covenants of said promissory note and this dee~, or eitber, are not duly performed, complied with and abided by, the aggregate sum mentianed ~ in said promissory note and any other aznount or amounts added to the mortgage indebtedness under the terms of this mortgage ~ shall become due and gay~bk forthw~th or thcreafter at the option of ihe Association, as fully and rnmpletely az if said aggregate _ sum of money ~vas originally stipulated to be paid on svch day, anything in said promissory note or herein to the contrarv not- .vit}utanding. - ~ 7. To deliver to the Association, on ar before ~farch 15th, of each ~•ear, tax receipts evidencing the payment of all ]a~+•- - ~ fully imp~~ taues for the prerecling calend:u year; ta deliver to the Association receipts evidencing the payment of all lieas - ` for pub 'Lc unprovements within ninety (90) days after the same shall hecome due and payable, and to pay or discharge within ° ~ ninety (90) da}~s after due date, an~ and all govemmeotal levies that may be made on the mort~aged pmperty, on this mortgage 4 or note, or in any other way msalting from the mortgage indebtedness secured b~ this rnortgage. 4 ~ ~ n 1 ~V i ~ ~ ~ ~ - - >.r~~ . _ ~ F~,__~~