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Home My WebLink About0936 . , : at all timespeaceaWy ~u?d quiedY to enter upo~?, ho1d. occupY and cnjoy s~td land; that said land is fre~c frow all c~cwnbrau~ces: po ? th.it they will nwke s~ch furthe! assurances b~ I~rf°d the fee simple title to said land in the Associatio~ us may reusonably required: and that they do hec~eby EuUy wu~at the titb to said land A~~d ~vill defend the same against the law~ful cl:iims of aU pcnons whotnsoever. PROYIDED ALWAIS chat if the riortgagon sh~~l well and truly pay unto the .lssoc~iatiou, the indebtedness evidenced by that certain pmmissorY noce, °f ~te herew~~' °u~ bv ~~1°~$agon and pa~rable to the Assaciation, in the ixincipal FORTY SIX~TAOUSAND AND NO/100ttis----------' 'po~~~ ~s 46,000.00 - - _ sum oE _ _ . - - - - - - - interest paymen which note, together with interest therean as therein specif~e~i, u i~:~YabZN in monthly installments of due on October 6,1974, November 6,19?4, December 6,19?4 and then FOUR HUNDRED - _ ONE AND 91/100ths----_---"" _ ~ ' _ _ _ - - - _ - - - - . Doll3rs (S._ .401, - - - - - - ~ 6~ Janu2tr'y 6,1975 which p~yments on the- day of each month c~mmencing with :ue to be applied, first to interest, and the balance to principal, until said iadebtedness is paid in fuU. ~nd si.alt perfotm, ooanply ith and abide by each and every the stipulati~sns. agreements, cc,nditions and corenants of said promissory note and thit m,~rtgage, And, including aay advances made by the Association to the ~iortgugon, or their suc~ors in titks, for anY P~!*P~• at any time before the ~e1e~e and canc~llation of this mortgage, but at no time shsll this mortgage secure advances on account ~ FORTY SIX THOUSAND _ ~vith such additional advances in a sum in excess of---------------- of s:ud original note togethec AND NO/100ths-----""""__________ - 46~000._00_ v vanc~es necessary - - - - Dollars ( S-. - ) pl~s an ad - . - t~ protect the sccurity and costs. t~ ihis deed and the estate hereby created shall cease ar~d be null an voi . AND 1'HE ~1C~RTGAGORS DO hereby euvenant and agree: l. To pay a11 and sing~ilar the P~in~"Pal a~'d interest and other sums of money p~ayable by virtue of said promissory note :?nd this mortgage, or either, promptly ~ the days resPectively the same severally come due. 2. To pay all and singular the taYes, ass~sments. levies, Labiliti~, obligatior~s and incumbrances of every nature and ldnd no.v on said dc~cribed propedy. or that hereaher may be imposed, n~fered. Place~, 1e"~• °r ~~Op' or that hereafter ma~ be levied or as~ uP°n +hu ~~ortgage, or t~e indebtedness sec~red 1~erebY• cac~ and every, when dne and payable, uccorcling to ;aw, before they beeoine delinquent, and before any interest attaches or anvpen alty is incurred: and insofar as any thereof is of record tha same shall be promptly satisfied ~d discdors~ed or certifiedj ~ the begi~t~~f in the hands of sai 1 ss, for instance, the ~ax r~~Pt or the satisfacti~n IraPer y ~ssociation as ~iortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfieci und~diKhar~ h` said pssociation may at any time pay the same or any part thereof ~vithout ~v'ving or afEecting any option, lien, eq~ under or by virtue of this ~iortgage, and the full amount of each and every She no e s~ecunred hereb~ and to~ether with such in~re and shall bear interest from the date thereof until paid at the rate stated m t _ . est Shall be secured by ihe lien of ihis Mortgage. 3. To ketp the buildings and all equipme~t and personal property now or hereatter an said premises co~ered by this mortg~8~~ insurcd in a sum equal to at leut che amount of the mortgage. or an amount sutficient to oomply with any co-insunnce require- i ment oovering the same under the laws o[ the State of Florida. covering loss Erom both [in and storm, mak~ng the loss under uid policies, each and e~erv. payable to the Associatan. as mortg+gee. ac iu in[erest may apptar, and said insurante shall be in a good and responsible insunnce company satisiaccory co said Association. .nd w-ritcen by a responsibk local agent sacis[actory to said Asso- ciation; and the policy or policies shall bear a standard mortgagt dause w~thoue contribution, and, if the original principal amount o[ the morcgage ~s Fifty Thousand and no/tU0 Dollan (;50.OOU.00) or in excess thereoE. shill be hdd br the Auociacion, and. ia che event any sum oE money becomes payauie under such policy or policies, the Asaociation shall hav~ the option to rec~ive and apply che same on account of the indebtealness hereby secured, or to pcrmit the mongagois to rece~ve and ~ue it. or any put thamf. for other purpoaes. wichout thereby waiving or impairing any equity, lien, or right under and by vinue o[ this mottgage, and m~y place and pay for such insurance, or ~ny pare thereof, without waiving or at[ecting its option to foreckse. or any right heteunder, and the tull amount o[ each and e~ery such pa~rment shall be~ immediaeely due and payable and shall brar interat from the date cherevf untu paid at the nte swted in the note secured herebr and eogether wieh such interest shall be secured by the lien of this ~for*.gage. ~ 4. To permit, commit, or suffer no waste, impairment or deterioration of said prop..'rt~•, or any part ihere~f, and upon the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the immediate repair of said bu;;dings or the immediate repayment of the debt hereby secured, and the failure oE the modgagors to oomply ~vith said demand oE the Assaciation for a period of Thirty (30) days, shall constitu.e a hreach of this mortgage, and, at the option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the :~ssociation, immediately and without notice, may institute prooeed~nos to foreclose ihis mortgage and applv for the appoiniment of a Receiver, as hereinafter providecl. 5. This mortgage contract pruvides for addition:?1 advances H•hich may be made at the option of the :.ssociation and secured by this mortgage, and it is agreec! that in ihe event of such advances the a.-rwunt may be zdded to the modgage debt and sh:?11 increasJ the unpaid balanoe of the note hereby scxvred by !he auwunt of such ad«nce and shall be a pad of said note indebtedness undcr all the terms of said nate and this oontract as fu11y as if a new such note and contract «•ere eacecuted ::nd delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for ~iiFferenl monthl~ pa~-ments and a difEerent interect rate and other e~cpress mod:fications of the contract, but in all other respects ihis contract shall remain in full force and effect as to said indebtedne~, including all advances. 6. If any of the 3ums ~f money herein referred to be s.ot promptly and fully paid within Thirty (30) days next after the same severally come due and payable, or if c-ach and every the stipulations, agrcement, conditi~ns, and covenants of said pror.~issory note and this deed, or either, are not duly performed, cnmplied K'ith and abided by, the aggrega*e svm mentianed in said promissory note and airy other amount or amounts added to the mortgage indebtedness under the terms of this modgage shall bec.~ome due and payable 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, anything in said pmmissory note or herein to the contrary not- :vit}utanding. 7. To deliver to the Association, on or before ~iarch l:,th, of each year, tax receipts evideucing the gayment of all lai~•- fully im~ taxes for the prececling calendar vear; to deliver to the Associatia~ receipts eviclen~in$ t~ PaY°~~?t of all liens for public improvements within ninety (90) days after the same s1"~aIl hecome due and payable, and to pay or discharge within ninety (90) days after due date, any and all governmental kvies that may be made on the mortgaged property, on this mortgage ~r note, or in any oth~•r way msulting from the mortgage indebtedness securPd b~ this mortga~;e. ° U k 231 936 " = 6JGK PaGE _ _ ~ = _ ~ - .y~ ,r-