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Home My WebLink About0542 ~ ~ • ~ . ~ - . at all times and quietly to eater upon, lwki, occupy and enjoy sa~d l~nd; thnt said I~nd is free from aU es?cumb~aaoes; tbat tbey v~r~such fuetber au~aanoe~ eo pec~ect ths fes dmpb title to ~aid Lad in die Assodatlon as ms r~ably be u~ required; and th~t tbay cb hereby fiilh? wamu?t tbe tltis to taid land and will defend the same against the wful claia~s of aq persona who~nsoover. _ PROVIDED ALWAYS tbat if t6e M gagors shall well and tnily psy oato the Associatiw~, tLe iadebtedncss evldenoed by that certain prosnis~y Aobe, of evea datsa~6ec~ewitb„ au?ds by the Martgagora and payable to tbe Association, ia the pir~c;p~l sum oE _..~TY T'AOUSAND AND NO/100ths----------------------- (i 60, 000._00 FOUR AUNDR,ED which nooe, ~oget}?er with iaterest thereoa as therein specified, ts psyable in moathly installments of.. 1~TINETY THREE AND 29/100ths------------------------------------------------ - - - ---------m~ (i-----493. 29 on the.__.__ 20th __day of ea~h month conunencing w;ch_--------S~t~mber 2Q~19?5 .___~.~___~_____.~which paym~ents ane to be u~ first M inter~t, a~i die balance ta psiacapai, unoi said indeoiex~ness is paid in fiill, and shaIl pecfosm. oos witb and a by each and every the twos, a8reemeab, ooadit~iioos and ooveoants of said peomis~o:y note and~ ~itgage, Md, fnd~ding smy advanoes ma by the AssocJatloa t~ tLe Matgagors, or tbea suocesaora ia titk~, far anY P'~P~~ at any time before the release and cancellatiia~n of this mo:tgage, but at no time shall thL~ nwrtgaga ~ecum advanoes an acoount of said original note togethar with such addiKooal advances in a sum in e~ss oE~SISTY TAOUSAND AND NO/ 100 -60 000.00 ----------~~~~_------..____._._~.r __-----___.Dollars (i----------' plos aay advanc~es necessary to proeect tbe senuity and costs, then this deed-and t3~e estate hereby created shaU cease and be nuIl and void. AND THE MORTGAGORS DO hereby cvvenant and agree: l. To gay all and singular the~ pRincipal and interest and other sums of money payable by virtue of said promissory note and this mongage, or either, P~P~Y o~n tbe daYs respectiv~elY t6e same severaUy come due. 2. To pay all and singular the tazes, ass~sments, levies, liabilities, obligatioas and incnmbrances of every nature and kind now on said desaibeda~~~~, ~ that hereaEter may be~Nim~, suffered. placed, 1e~?ied, or ass~ssed therenq or that here~ker may be levied or upon this Martgage, or the ess seaaed hereby, cach and every, when dae and pa ble, aooording to law, befame they beoome delinquent~ and before any inberest attad~es or anyp~~ ty ia ~ured; and ~ us any thereof is of record the same shall be promptly satisfied and discharged of reoord and t}~e original of~iCial docvment (such as, far instance, t~e tau reoeipt or the satisfaclion pnper officially endorsed or ceztified) shall be placed 'm the baixls af said Assoriatioo as Mortgagee within t~ea days ne:t aker gayment; aad in the event that any thereof is not paid, satisfied and discharged, said Assaciatioa may at any time pay the same or any patt ihereof without waiving or affecting any option, lien, equity or right under or by virtue of ihis Mortgage, and the fuIl amount of each and eveiy such payment shall be immediately dne andpa yable and si~all bear interest fmm the ciate thereof until paid at the rate stated in the note secured hereby and together with such inter- est shall be sec~u~ed by the liea of this Mortgage. 3. To keep the building: and all equipment and peiwnal property no~r or hereaiter on said prrm~es oorered b~ this mortgage. insur~d in a sam equal w at lrast the amaunt o[ tl?e wongage. or an amwint sufEicienc to comply ~?i[h any ao-imuru~oe require- ment aovering the same under t!u la~ of the State of Florida, oovrring loas [rom both firt and swrm. making the lea under uid policies. each aad every. payable w che Auoriation. as mortgagee. u ia inteT+est maJr appear. and said in:uranae shall be in a good and rapo~ible inaurance companr sati:[actory to said Assodation, and ~vritten bp a rapomible bcal agent satisfactot~r W uid As~o- ~ cucion: and the policy or policia shall beu a uandud mortgage dause ~ri~c, f~{~tion, and, if the original prindpal amount of che mottgage ~ Fifty 'Tlwusand and no/100 Dollus (i50.000.0~ or in accas t6ereof. shall be held br the A~ociation, and, in ehe event. any sum of money beooma parible under sucb policp or poliaa. the Aswciation ~all have the option w receive and apply the same on aoo~unt of t6e indebtcdnas hereby secured, or to permit the mortgagors to receire and use i~ or aay put thereof, for other purposa, ~vi~hout thereby wniving o~ impairing an' equity. lien. or rig6t uader and by virtue of this mortgage, and may place and pay for wch inaurance. or anr pan e6ereof. ~vitho~c ~raiving or affectiog ia opeion w foraloae, or any right haennder, and the full amouat of uch and every sucb payment shall be immediately due and pa~rable aad shall bear interat from the date ; thereof until paid at the nte stated in the note secumi hereby and together ~vith wch interest shall be secured br the lien oE thn ~ Mortgage. ~ To~~ernut, commit, or snffer no waste, impairment or deterioration of said property, ur any part thereof, sud upon ~ the fail~ of the mortgagors to keep the buildings on said pmperty in good condition of repair, the Auociation may demand the immediate n~pair of said birildings o~ the immediate repayment of the debt hereby secur~d, and the failure of the mortgagozs j to oomply wiffi said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage~, C and, at the option of t6e Association, i~imediately mature the entire am9unt of principal and interest he~eby secured, and die j Association, immediately and without notice, may institute proceedina~s to forecloae thu mortgage and apply fir the appointment ~ of a Reeeiver, as hereinaker provideci. ~ 5. Tfiis martgage oontract provides for additional advances which may be made at ihe option of the association and ~ sec~d by t~ a~o~tgage, and it is agreeci t}~at in the event of s~u~ advanc~es the amow~t may be added to the. mortgage debt ~ and shall increase the unpaid balance of the note hereby sec~ued by the amo~mt of a~ch advance and shaU be a part of said ~ note indebtedness under all the terms of said note and this contract as fully as if a new auch note and oontract were euecuted and delivered. An additioaal advance agreement may be given and accepted for such advance and prm~ision may be made for R different uwr?thly paymenb and a different interest rate and othere~pre~ modifications of the oontract, but in aII other respects s ihis oontrad shall remain in f~ll foroe and effect as to said indebtedness, including all advances. 8. If any of the sums of money herein referred b~ be not PromP~Y and fully paid within Thirty (30) days next after the same severally oome due and payable, or if each and every the stipulatiora, agreement, conditioas, and covenauts of said ` promissory note and this deed, ~ either, are not duly performed, oomplied with and abided by, the aggregate sum m~tiuned ! ! in said p~mi~ note and an other amonnt or amo~mts added to t6e moztgage indebtedness under tbe ter~ms of tlus mortgage ~ erims f shall become due and pay~ble orthwith or thcreaher at the option of tbe Association, as fuDy ancl completely as if said aggregate ~ sum of money was orig~al~y stipulated to be paid on such daY, anythm8 in said promissory note or herein to the oontrary not- € ~,,;t},st~,ding, ~ a 7. To deliver to the Associatioa, on or befone March 15th, of each year, taz reoeipts evideacing tl~e payinent of all law- ~ fully imp~~ taxes for the preceding ralendar year; to deliver to t6e Association reoeipts evidencumg the paymeut of all lieos ? for pubTic improvemenb within ninety (90) days aEter tl~e same shall hecame due and payable, and to pay ar disdmrge within E ninety (90) days aker due date, any and all govemmental levies tbat may be made on the mortgaged property, on this mortgage ~ or note, or m any other way resulting from the mortgage indebtedness secured by this mortgage. s ~ B~JOK243 PACE 5~ ~ ~ ~ ~ ~ ~K~ _ w.- - _ , , , , - - ~ ' F'',', ~