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Home My WebLink About0182 . u~ at all timea oenbly and quietly to euter dpon, hold, oocu and enjoy su~d lar?d; that said land b fiee fmra all encumb~ranoes; ~t ~y ~a? ~ ~ ~ ~ ~ c;~ c~ ~a ~d ~ ~ ~y ~,~~y ~ required; and that tbey do bereby f~illy vraitwt the titb b~ uid land and will defend the same against the lawful claims of aU persais whomsoevcr. PROVIDTD ALWAYS that if the Mortgagors shall well and truly pa?y unto the Association, tbe indebtedness evidenoed by that cert~in promisscu~+ zwt~e, af e'ven date Le~+awitb, matk by tbe Matgsgors and paynble to the Associatioq f~ the prinripal ~TAIRTY TfIREE ^THOUSA?ND_SIX HUNDRED _AND NO/100ths-- 33, 600.00 - - . - . - - - - - Dollars (i . - - which note, together with intezest d~eon as therein specified, is payable in monchly insrallmencs of..~?terest payments due on Se~tember_ 20,1975, October_20,1975, November 20,1975, December 20,1975, January 20,1976, February 20,1976 and then Z'WO HUNDRED SEVENTY SIX AND 25/100 Dollars (Z_._ 276. 25--:---- on the.-----.-20~---__day of each mo~th commencing with_---- ----M2~`Ch_20 1976 -------_.which payments are to be upplied, first to intereat. and the b~lar,ce to p~mcipal, until said indebtedness is psid ia fnll, and shaII petfuim, oomply with aad abide by each and every ihe sti~tions, agreements, oonditions and. oovenants of said promisso~? note and tb~i mortgaSe. Md, induding any advancea ma by the Assoctation to tbe M~rtgagors, or tbeir suocessors in titk~t fac any purpase, at any time before the release and cancellation of this mortgage, but at no time shall this mortgage secure advanoes on acoount THIRTY Z'AREE THOUSAND of said original note together with such additional advances in a sum in eaoess of_____~-_--------_ _ SIX HUNDRED AND NO 100ths------ ~ 33, 600. 00 ~~y aa~?ances nece~ary - - to protect the security and costs, tbe~? thLs deed and the estate hereby created shall ce~se and be nn 1 and v~nid, AND THTy MORI~GAGORS DO hereby anrenant and agree: 1. To gay all and singular the p~inca'pal and 'mterest and other sums of money payable by virtue of said pr~?i.nory note and this mortgage, or either. promptly an tbe days respectively the same se.weraUy coine due. 2. To pay all and siagu]ar the tazes, as~aentr, levics, liabilities, obligations and incumbrances of every nature and ldnd _ now on said des~ibed prupeaty, or that hereaft~ may be impo~~ suffered, p]aced, levied, or as~ed therean, or that hereaker may be levied or assessed upon this Mortgage, or the inde~btedn'ess secured hereby, cach and every, when due- and payable, accord'uig to law, before they beoome delinquent, aad before any interest attaches or anypena1ty is u~d; and insoEar as -any thereof is of reoord the same shall be P~P~Y ratisfied and disrharged of reoord and the original official dorument (such as, for inttance, tLe tan 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 payment; and in the event that any thereof is n~ paid, satisfied aad discharged, said Association may at any tune pay the same or any pazt thereof without waiving or affecti~ng any option, lien, equity or nght under or by virtue of tbis ~liortgage, 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 securecl hereby and together wich such inter- est- shall be secvred by the lien of this Mortgage. 3. To keep the buildings and all equipment and pasonal proprrty now or hereafter on aid premisa aova+ed b~ this mortgage, insured in a sum eqoal to at least the amount oE the m~rtgage, or an amount sufficient w oomply with an~ oo-insurance reqnire. ment aorering the same under the lawrs of the State o[ Florida, oovering loss [rom both fire ared storm, making the lop uuder uid policia. each and every. payable w the Association. as mortgagee, u its interat uup appear. and said insuranoe shal] be in a good and raponsiWe insurance rnmpany satistactory to said As~ociation. and written by a re~ponsibk lonl agent satisfactorg to said Atso- ciation; and the polic~r or policia a6all bear a standard mortgage dause without mntributioa, wd, if the original prindpal amount of the mortgage is FiEty T6o~u~nd and no/ 100 Dollus (j50,000.00) or in exceu thereof, shall be held by the Aseociation. and, in che event any sum of money beoomes papable under such policp or policies, the Asaociation shall have the option to neoeive and appl~r the same on aeoount oE the indebtednas hereby secvred, or to petmic the mongagors to recei~e and use i~ or my put thereof, for other purpoaes. without thereby waiving or impairing any equity. lien. or right under and br virtue o[ this mortgage, and majr ' place and pay for snch insunnc~. or anr patt thereof, without waiving or affecting its option w foreclose, or any right hereunder. and the full amount oE each and every such payment ~all be immediately due and payable and shall bear interat frum the date ' chereoE unW paid at the rate stated in the note secumi henby and together ~vith such interat shall be secured by the lien ot thi: ~ j 1?fortgage. I . ~ ~ To pernut, commit. or svffer no waste, impairment or deterioration of said propert~•, or any part thereof, and upon ~ ~ the failuro of the modgagors to keep the buildings on said_ prnperty in good condition of repair, the Association may demand the ~ imm~iato rP~i~ nf egi~ ~.~„n~]t~i'^.~ L~:^ 2~.^`,w3:.:C r.'~""~.y:,..;ur :u~ `u a^, u~.t'i`a i ictilj' 'sf~:uicu, uttiii 'auc aauurc ~tiiC i~wci~+A~uls ~ to oomplv ~vith said demand of the Association for a period of Thuty (30) days, shall constitute a breach of this modgage, and, at t~e option of the Association, irnmediately mature the entire amount of principal and interest hereby secured, and tbe ~ Associ~ion, immediately and without notice, may institute proceedin;s ta foreclose this mortgage and apply for the appoint~ment ~ of a Receiver, as hereu~aker provided, ~ 5. This mortgage contract provides for additional advances which may be made at ihe option of the association and secured by this mortgage, and it is agreed t6at in the event of such advaz~ces t1~ amount may be added to the mortgage debt ; and shaII mcrease the unpaid balance of the note hereby seciu~ed by the amouat of s~ch advance and sha11 be a part of said f note indebtedness under all the terms of said note and this contraM as fully as if a new such note and contract were exe.cuted ~ and delivered. M additional advance agreement may be given and accepted for such advance and pr+ovision may be made for different monthly payments and a different interest rate and otherezp ress modifications of the contraM, but in all other resperts ! ihis contract shall remain in full foroe and effect as to said indebtedness, induding all advances, ` 6. If any of the svms of money herein referred to be not promptly and fully paid within Thuty (3p) days next after the same severally rnme 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 duly perfonned, complied with and abided by, the agg~+egate sum mentioned E in said promissory note and any other amount or amounts added to the mortgage indebtedness under ibe terms of this mortgage ` shall beoome due and pay~ble forthwith or thereafter at the option of the Association, as fully and completely as if said aggregate F ey was originally stipulate~ to be paid on such day, anything in said promissory note or herein to the contrary not- & . ~ 7. To deliver to the Association, on or before 1liarch 15th, of each ye~ar~ tax reoeipts evidencing the payment of all law•- ~ fully im~ taxes for the preceding calendar year; to deliver to the Association receipts evidencing the peyment of all liens 3 for pub unprovements within ninety (90) days aftec the same shall heoome due and payable, and to pay or discharge within ! ninety (90) days after due date, any and all govemmental levies tbat may be made on the mortgaged pro~erty, on this mortgage ~ or note, or in any other way resulting from the mortgage indebtedness secured by this mortgage. i : sooK 243 PACE 182 . ~ _ ~ s; 6 - ~ E ~ ° ~ _ Y ~ ~ _ - = ~ ~ ~ ~ ~ _ _ . _ s~~~. ~