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Home My WebLink About1095 at all tim~peaceably and quiedy to enter upon, hold, ocrupy and enjoy sa~d lund; that said land is Irce fmm all encumbrances; ; that they will make such fu~ther assurance~ bo perfect the fee dmple tide to said land in the Association as may reasonably be : required; and that they do henby fully warrant the title to said land and ~vill deEend the same against the lawful ctaims uf ~ all peiso~s whomsoever, PROVIDED ALWAI'S that if the l~iortgagors shaU well and tnily pay unto thc Association, the indebtedness evidenoad by that certain promissory note, of even date berewitb, made by the ~~ortgagors And payuble to the Association, in thc principal sum of _T~L•Y~_TI~OjJSAND..AND _NO/100ths----------------------Dollars (s 12, 000. 00 which note, together with interest thereon as thercin sPecified, is paysble in monthly installments of 121t@I'e3t C~U@.011 . Sep~~.rr~b~r_1_, 1975, . Qctober 1, _1975,_ November 1, _ 1975 and then NINETY -SIX AND j~ - 1 6~/100ths---------------------------------------_-------------------------------_ - - . . - - - - - _ _ . _ Dollars (s_ 96. f 3- - ' _.__day of each month c~mmencing ~vith December 1,_ _1975_._ _ _ ___._N,~ ~y~,~~ ~ on the. 8~ - - - - - - - - - .ue to be :?pplied, first to interest, and the balance to principal, until said indebtedness is paid in fu11, and shall perform, oo~ply j .~~ith and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and t~is ' modgage, And, including any advances made by the Associatian to the Mortgagors, or their successors in tidv, for any purpose, ; at any time before the release and cancellation of this mortgage, but at no time shall this mortgage secure advances on account of said original note together ~vith such additional advances in a sum in ezcess of___TWELVE_ THOUSAND AND_ ° - - - ~ NO~l00ths--_-_---_-------_-------------------.'DoUars (a 12,_QOQ..~Q._..), plus any advances necessary ~ to protect the secwity and costs, ihen this deed and the estate hereby created shall cease and be null and void. i ; AND THE rlORTGAGORS DO hereby cvvenant and agree: ~ ~ z 1. To pny all and singular ihe principal and interest and other sums of money payable by vidue of said promissory note = :~nd this mortgage, or either, prom~ly on the days respectively the same severally come due. 2. To pay all and singular the taxes, assessments, lt,wies, liabilities, obligations and incumbrances of every nature and kind ~ now on said d~ccribed pnnperty, or that hereafter may be imposed, suffet~ed, placed, levied~ or assesscd thereoq, or that hereafter ~ may be levied or assessed upon this Aiodgage, or the indebtedness secured hereby, cach and every, when due and payable, according to la~v, before they become delinquent, and before any interest attaches or anv penalty is incurred; and 'uuofar au uny thereof is of record the same shall be promptly satisfied and dischargecl of recor~ and the original official document (such ss, for inctance~ the taz receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Association as ~iortgagee ~vithin ten days next ufter payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equity or right iinder or by virtue of this ~iortgage, and the full amount of each and every such payment shall be immediately due andpa yable ~ ar?d shall bear interest from the date thereoE until paid ~t the rate stateci in the note seciired hereb~~ and toi;ether ~vith such inter- est sha11 be secureci by the lien of ihis I~iortgage. ~ 3. To keep the buildings and all equipment and personal property now or hereafter on said pnmises rnvered by this mortgage. insured in a sum equal to at least the amount oi che mortgage, or an amouot sufficient to rnmply with any co-insunnce require- ment covering the same under the laws of the State oE Florida. covering loss [rom both fire and storm, making the loss under said policies, each and every, payable to the Association, as mortgagee, as iu interest may appear. and said insunnce shall be in a good and responsible insurance company satisfactory to said Association, and written by a responsible local agent satistactory to said Asso- ciation; and the policy or policies shall bear a standard mortgage clause without contribution, and, iE the origir.al principal amount o! the monqage is Fitty Thousand and no/100 DoUan (s50,000.00) or in excess thereof. s6a11 be held by the Auociation. and. in i the e~•ent any sum of money becomes payabte under such policy or policies, the Associaaon shall have the option to receive and apply ( ~he same on accoune of the indebtedness hemby secured, or to permit the mongagors to receive and use it, or any part thereof, for otlier purpaaes, without thereby waiving or impairing any equity, lien, or right under and by virtue of thu mortgage. and may ~ place and pay [or such insurance, or any part therrof, wiehout waiving or a[fecting its option to toredose, or any right hereunder, and the tull amaunt of each and every such payment shall be immediately due and payable and shall bear interest [rom the date ~ tl~ereo[ untii paid at the rate stated in the note secured hereby and together with such interest shall be secured by the lien oE this t ~iortgage. ~ - ~ 4. To permit, commit, or suEfer no w:iste, impairment or deterioration of said propert~•, or any part thereof, and upon ~ tl~e failuro of the mortgagors to keep the bi~ildings on said property in goocl condition of repair, the Association may demand the immediatc re~ir of said buJdings or the immediate re~x?yment of the debt hereby sccurecl, and the failure of the. modgagors to comply with 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, immediately mature the entire amount of principal and interest herebv secured, and the ~ .association, immediately and ~vithout notice, may institute proceedin~s to foreclose this mortgage and appiv for the appointa?ent ~f a Recei~~er, as hereinaker pmvided. ~ 5. This mortgage contract provides for additional advances ~~•hich may be made at the option of the association and ' secureci by this mortgage, and it is agreed that in the event of such advances the amount may be added to ihe mortgage debt ~ and shall increase the unpaid balance of the note hereby secured by the amount of such advanc~e and shall be a part of saicl note indebtedness under all the terms of said note and this contraM as fully as if a new such note and contract w•ere executed :+nd delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for • ~lifferent monthly pa~Tnents ~nd a different interest rate and other express modifications of the contract, but in all other respects f ~ ihis contract shall remain in full force and effect as to.said indebteclness, including"all advances. ~ ~ 6. If any of the sums of money herein referred to be not promptly and fu11y paid within Thirty (30) days next after ~ the same severally come due and payable, or if each and every the stipulations, agrcemeni, rnnditions, and covenants of said ~ promissory note and this deed, or either, are not duly performecl, complied with and abided by, ihe 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 pay3ble forthwith or thcreafter at the option of the Association, as fully and completely as if said aggregate sum of money ~vas originally stipulated to be paid on such dav, anything in said promissory note or herein to the contrarv not- ~ ~vithstanding. " " ~ i. To deliver to the Astociation, on or before ~iarch 13th, of each year, tax receipts evidencing the payment of all la~~•- ' ~ f~illy im~s~1 taxes for the prececling calencl:?r year; to deliver to the Association receipts evidencing the payment of aU liens for pub ~l'c improvements within ninety (90) days after the same shall l~ecome due and payable, and to pay or discharge within - ~ ninety (9p) davs after due date, any and all governmental levies that may be made on the mortgaged property, on this mortRage - ~ ~r note, or in any other way msulting from the mortgage indebtednes.e sec~red bv this mortga~e. ; t ~ ~ 500~t P11CF~Q~L! - ~ ~ - . _ _ ~~i - +Y= ~~A' c'`'!~i '-+w r'_`.aK .f" "y~" Tr'~~ ~ M" i . _ s~ _