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Home My WebLink About1435 i i I , ~ , ' i f i at all timespeaceably and quietly to enter upon, hold, accupy and enjoy saul land; tbat said Iana is free from all encumbrances; thatthey wiD make s~ch fu~ther asa~uanoet to perfect the fee dmple tide to said land in the Associutan as may reasonably be 6 cequired; and that thay do hereby fully war~ant the tltb to said land and ~vill def~d the snme against the lawful claims of all persau whomsoever. PROVIDED ALWAYS thut if the Mortgagors shall well and tnily pay unto the Association, the indebtedness evidenoed by that certain promissory note. of even date berewith. made by the Mortgagon and payable to the Assocjation, in the principal sum of 1~TII1T~'LEF~I~t_THOUSAND.ANI2_NQ~_1QQ-.------.-.----.----.---.----. Dollars (i 1.9, ~OO.AO .vhich note, together with interest thereon as therein specified, is payable in monthly insfallments of. ONE IiLTNARED ~~V~i~ITY-.FC2U8. ~1N~?..U21_1QQ---------------------.---.---------_-----_.-.--.-_-_------- . _ _ _ _ - --.non3~ ~a _174..02. an the ..,~Q~l---- .-----day of each month commencing with----- ------,Tllri@__20+-__1$_'I`,L---------------------------------_which payments .ue to be applied, first to interest, and the balance to principal, until said indebtedness is paid 'm fiill, and shall~ pesform, co~ .~~ith and abide by each and every the stipulations, agreements, conditions and rnvenants of. said promissory note and mortgage, And, s.cluding any advances made by the Association to the Mortgagon, or their succ~ssors in titla. for any ptnpoae, at any time before the release and cancellation of this mortgage, but at no time shaA this mortgage secure advances on account of said originul note togethes ~vith such additional advances in a sum in eacess of_11IINETEEN.__T_HOi1__~~Nn_~__ NO~1Q~-_-----_--_---_----_---.---.------------ ..Dollars (s..19.~IlII..OII----), plus any advances necessarv io protect the security and costs, the~n this deed and the estate hereby created shall cease and be nuli and void. AND THE MORTGAGORS DO hereby cuvenant and agree: - . 1. To pay all and singular the principa1 and intere.cc and other sums of money payable by virtue of said promiss~ry note :~nd this mortgage. or eitber. promptly on the days respectively ihe same severally come due. . 2. To p~y all and su~gular the taaes. assessments, le,wies, liabilities, obligations and incumbrances of every nature and ldnd now on said described property, or that hereafter may be imp~s~1, suffered, placed, levied. or ass~sed thereon, or that hereafter may be levied or assessed npon ihis biortgage, or the indebtedness secured hereby, cach and every, when due and payable, f .~ccording to law; before they become de]inquent, and before any interest attaches or any penalty ic incurred; and insofar as any thereoE is of record the same shall be promptly satisfied and discharged of record and the original ofBcial document (such as, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said ; Associatioa as ~iortgagee within ten days next after Irayment; and in the event ihat any thereof is not ~raid, satisfied and ciischarged, said Association may at any time pay the same or any pazt thereof ~vithout waiving or affecting any option~ lien, equity or right tmder or by vicfiie of this ~1~odgage, and the full amount of each and every such payment shall be immediately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in the note seci~red hereb~• and together with such inter- est shaU be secured by the lien of ihis Mortgage. 3. To keep the buildings and all equipment and peisonal property now or hereafcer on said premisa aovered b~r ttus mortgage. insuted in a sum equal to at least the amount of the mortg~ge. or an amount su(ficient to comply with any co-insurance reqnire- ~ ment covering the same under the laws oE the State of Florida, oovering loas irom both fire and swtm, making the luss under said ; ~ policies, each and every, payable w the Association, as mortgagee, as its interest may appur. and said insunnce stuli be in a good ~ and responsible insunnce company satisfactory to said Association, and written by a responsible local agent utufactory to said Asso- ~ ciation; and the policy or policia shall bear a standard mortgage clause without oonuibution. and, if the original prinapal amount ~ of ehe mortgage is Fitcy Thousand and no/lOQ Dollars (s50.000.00) or in excas chereoE, shall be held by t6e Association, and, in che event anr sum of snoney becomes payable under such policy or policies, the Association shall have the option w rtceive and apply ~ ~ ?he same on account of the indebtedness hereby secured, or to permit the mortgagors to rroeive and use it, or any part thereof, for ~ ~ other _ purpoaes, without thereby waiving or impairi~g any equity, lien, or right under and by virtue of this mortg~age, and may place and pay [or such insurance, or any part thereof, without waiving or affecting its option to foreclose. or anq tight hereunder. ~ ~ at~d the full amount of each and every such payment shall be immediately due and payable and shall bear interat f~m the date ~ chereof until paid at the race staeed in the note secured hereby and cogether wieh such interest s6all be secured by the lien of thia i ~Sortgage. ~f. To permit, commit, or suffer no waste, impairment or deterioration of wid property, or :?ny part thereof, and upon ; - the failuro of the mortgagors to keep the buildings on said prnperty in good condition of repair, the Association may demand the immediate repair of said bu;ldings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors $ to comply ~vith said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage, ~ and, at thc option of the Association, im~ediately mature the enGre amnunt of grincipal and interest hereby secured, and the ~ _ Association, immediately and without notice, may institute proceedin;s m foreclose this mortgage and applv for the appoinhnent a ~f a Receiver, as hereinafter provideci. ~ 5. This modgage contract provides for additiocwl advances ~vhich may be made at ihe option of the assoeiation and secured by this mortgage, and it is agreeci 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 amouat-of such advance and sl~alt be a part of said ~ note indebtedness under all the terms of said note and this contract as fiilly as if a new such note and contract were executed :~nd delivered. M additional advance agreement may be given and atcepted for such advance and prnvision may be made for ciifferent monthly payments and a diEferent interesc rate and other express malifications of the contract, but in all other respects ihis contract shall remain in full force and effect as to said indebtedness, including all advances. ~ - 6. If any of the sums of money herein referred to be not prompdy and fully paid within Thirty (30) days next after the same severally come due and payable, or if each and every the stipulations, agreement, conditions, and covenants of said € promissory note and this deed, or either, are not dnly performed, complied with and abided by, ihe aggregate svm mentioned x in said pmmissory note and any other amount or amounts added to the mortgage indebtedness under the terms of this mortgage shall beeome due and papable forthwith or thcreafter at the option of the Association, as fuDy and completely as if said aggregate sum of money was originally stipu]ated to be paid on such day, anything in said promissory note or herein to the contrary not- ~vithstanding. 7. To deliver to the Association, on or before ~farch 15th, of each year, tax receipts evidencing the gayment of all law•- - fully im~ taxes for the preceding calendar year, to deliver to the Association receipts evldencing the payment of all liens for pnb '~mprovements within ninety (90) days after the same shall hecome due and payable, and to pay or diccharge within ninety (90) davs after due date, any and all governmental ]evies that may be made on the mortgaged property, on this mortgage nr note~ or in any other way resulting from the mortgage indebtedness secured by this mortgage. 1 ~ ~ ~ 800R1( ~J~ PAGf ~ 43 ~ ' - _ ~ ~ - ~ . ~ ; , ~ ~ . ~.~-x~Y__.: , _ _ ~