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Home My WebLink About0061 • ~ t'. :~t aU tin~es praceab~y and 9uietly to enter u4x?n, hold, ~rupy ~ud ~~ij~rv ~:ud lae~d; ttwt s:tid laud is iree from all rncumluances: thut they will o~ko sucl? fusther assu~'a~ces t° Perf°`~ t~'° fe° a"'Ple ~itle co s:?id land in che Association as may r~asa:ably lx~ . required; an=i that they do herrby fully warrant tha title to said laud aud ~vill ck[end the s:?me :~gaiiut the luwh~l clauus of ~ :?11 ~x no~u homsoever. YRUYIDEU ALWAIS th:?t if ti?e \lurtgugurs sh•r~~ ~vell and tn~ly pay wto ~lk Aaxwc•iutia~, the indebtetlnrss evide~~ced b~• t};at certaih promissory ~wte, of even date herewith, msde bv the \tottgagors aod ~~:?ble to the As,cxiatian, io thr principal TWEIr`TY SEVEN THOUSAND NINE HU~DRED AND NO/100-- 2? 900 00 ~oll:irs (S ' ` .um of . - . _ TWO HLrNDRED ~rhich note. together ~~tith interest thereon :?s therein specified. is p:i~~:~ti1e i~~ monthlv instali~nents ~~f ' THIRTY EIGHT AND 94/100ths-~-------------------~- _ _ . . - ~:il.~~ ~s . 238. 94 . - _ . . 14th Julv 14,19 which payments on the day of cuch ma~th c~mmenring ~~~th - :~m to be lied, first to interest, and the balance to princi[r~l, until raid indebtedness is paid in full, and shall perform. oom~l}' ~eith and abpcie by c~ch and every thc stipulations, agmements. cor?di'ions nnd co~enants of said prornissory note and ths moctgage, Md, inc1~.~.ing any advances made by the Assoriation to the ~tortgagors, or their successors in tides, fot any purpose, at anv time befo~e the mlease aod cancellation of this mortgage, but at rw time shall this mortgage secure advances on account ' TWEI\TTY SEVEN THOUSAND - - : of said original note together ~vith such udditiona! advances in a sum in excess o_____ - NINE HtT1~TDRED AND NO/100ths----_-------~ollars (S 27~ Q00.00 P~~ anv advances necessan• ~ t~~ protect the secwity and costs. the~ this deed and the estate hereb~ cmatecl sh:dl cease and be null and vo~d. A.ND ?HE :1tORTGAGORS DO hereby cvvenant und agree: 1. To luy all and singular the princ~pa1 and interest and other sums of cm~ney payable hy virtue of said promi~ory i~ute ,~nd this mortRage, or either. promptly on thC clays respectively ~he same severally eome due. 2. To p:.y alt and sin~ular the taxes, acsessments, levies, liabilities, obligations and incumbrances of every nature and kind no~v on said described properiy. or that nere~aftet may be im si~ffered~ placed, levied, or :?sse.ssed thereon, or that hec~eafter r Q~~ ma~~ be lcvied or :i.c+essed upon this ~iortgage, ar the indebtedness srcurc~cl hereby, cxch and e~~e:y. ~vhen due and payable, ,,cconWig to la~v, before they become delinquent, anJ befote any interest attaches or an~• penalty is incurred; and insofar :?s .:s:~ thereof is of record the same shall be prompdy satisfied and dischargecl of rcorcl and the uriginal official document (surh :is, for instane°, the tax reee~pt or the satisfaction paper offieialh encloned or certifiecl) shall be placed in the hands of said ~ssaciation as itortgagee within *zn d?vs next after pa«nent; and in the event that any therenf is not paid, satisficYi and dischargecl. ~aid Association may at any time pa)~ the same or any Part thereof ~vithont :+•ai«ng or affecting any option, lien, equih• or right ~mder or bv virtue of this ~tortgage, and the full amuunt of each and everv such payment shall be immediately due andpa yable and shall t~car interest from the date thereof until pai~l at the nte stated in the note u'c•urecl hereb~- and t~ether ~cith such inter- r~st shall be secureci by the lien of this ~fortgage. _ 3. 'To keep the buildii~gs and all tquipment aud pe~sonal property now or hereatter on said prtmises covered by this mortgagt. insured in a sum eyua! to at least the amount ot the mortgagr, or an amount su(ticient to comply with any co-insunnce reqnire- ment covering the s:~me under tht law~ of the Swtr o[ Florida, co~eri~~g loss from both [ire and stortn, making the lou under said ~ 1t~licirs?each a~?d e~'ery, payable to the Association. as mortp,agee. ac its interrst may appear, and said insurance shall be in a good j and responsit~le insurante company satu[actory to said Association. and Mritten by a responsit~le local agent satisfactory to said Asso- ! ,~auo~r- dnd d~e pcttiGy or ~alicies shall t?ear a staueiaret moregage elause WI[}IOUI COillTl~UllOl1, and, i[ the originai principal amount ; of [tie mortgage is l~ifcy "I"hous:ind and noi 101? Dollan (S~O.OOl1-f?11) oi in excess ~he~cof, at?all he held 6y che e~ssociatien, and, in ~ eiee errru auy sum of mone~- becorua N:.rJ~>}r uuder such palicy oc }~[ici~, the rlsYxiaeion shall ha~e the oQtion to rerti~•e ~nd applp c~~r same on accaui~t ot the indebeedness hereb}• secarc~t. or to permit the monKa~ors to receive and use it, or any part thereof. for ~ other purposc~s. w~chout thereby waivinR or impairing any equity. 1ien, or right under and by ~irtue ot this mortgagt. and may place and pay [or such insurance, or an~~ part thereot, without ~rai~~iu~ or a([ecting its option to foreclose, or any :ight hereunder, .~nd the [ull amount of each and e~•ery such pacment shall tze immecliaeely due and payable and shail bear interest from the dace therco( until paid at thc rate stated in the notc srcured hereby and togethcr with such interest shall be sccureci by the lien of this \tortgage. ~ ' Tn permit, ccmmet, or sufEer no ~~•aste, impairment or deterioration of wid propert~~, or .my part thereof, and upon the faili~re uf the mortfiagors to keep the buildings on wid pro~rt~~ in ~ood conditiou of repair, the ~ssociation may demand the i~nmecliate re}~~~ of s:iid buildings or the immecliate mpa~Tnent of the debt hereb~• secumcl, .u?d the failure of the mortgagors t~, compl~~ ~vith said demand of the Association for a~Cri«1 oE Z'hirty (30) d:i~•s, shall coostitute a breach of this mortgage, and, at ihe pption°of the Association, immecliatelv mature the entire arm~unt af principal and interest hereby secured, and the -~s~ociation, immeciiately anci ~vithout notice, mav uL~titate procce~lin~s tn foreclose this mart~afie and applv for the appointment nf a Receiver, ac hereinafter provide~l. i. This murtgage contraM provides for additiu~~:d advancrs H•hicl~ m:?y be made at the option of the association and ~ecured by thu inort~age, and it is agreeci tnat in the event of such ad~~ances the a:rwunt may be added to the mortgage debt s ;~nd shall increase the unpaid balance of the note hereby secured by the amount of such advance and shall be a part of said r~~!e indebtednesc under all the terms of said nate and this contract as fully as if a new such note and contract .~•ere executed ~nd deli~•ered. An :idditional advance agreement ma}~ be gi~•en ancl accept~~cl for such advance and provision ma~• be made for ~lifferent mo~thlv pa~~ments : ncl a different interest rate and other expmss modifieations of the contract, but in all~other respects !F~ " ~ ~his contnct si~all remain in full force and cffect as to said indebtedness, including all advances. ~ 6. IE am- of the sums of mo:,ey hemin referreci to be nol prompdy and fu11r- paid ~~~ithin Thirty (~0) days nrxt after the same severally rnme due and payable, or if each and every• the stipulations, aoreement, conditians, and c~~~enants of saic~ Q ~ promissory note and rhis dc~ed, or either, are not duly p.:rformed, coir, lied ~s-ith and abided by, the adgregate sum mentioned ~ in said promiccory note and anv other amount or amounts added to the mortgage in~~ebtedness under d~e terms of this mortgage shall become doe and ~~•sble forthwith or thrreafter at the option of the Association, as fut~y and rnmpletely as if said aggregate sum of maney was originally stipulated ic be paid on such dav, an~~ihing iA' said prom~csory n~te ~r herein to the conirarv not- «~thstanding. 7. ~To deliver to th~ As~sociation, on or Lefore ~tarch lidi, of cacl~ ~~ear, tax receipts evidencing the payment of a{1 law~- fully imnosed t~es for the prcY-ecling r.?lendar vear; to deliver to the Association receipts evidencing the payment of all tiens Mr pub~ic impro~~ements v~7thin ninety (90) days after the sanie shall hecome due aRd p:.yable, an~3 to pay or d~~charge within ninety (SO) da~~s aftcr due date, an~~ and all go~•ernmental leviec that ma} be made on the mort~aQed pmperty, on this mortgage nr note, or ~n any other w•ay rc~sulting fri~m thc ~in~rigage indebteclness securc~cl b~• this moriRaQi•. . ~ B0~(~ ~Cf ~ ~ ~ , _ . F.~ ~~.N~ } , _-i , , ~a 'ti:~ '~''~c~~ 7 ~ ~ ~ ? ~ _ F S/~~ ~•~-?~1~"" 5~~~ ~ ~ ~ c~~~~`