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Home My WebLink About1162 . ' s i . j . . ~ at all timespeaoaably aad qutetly to eater upon, bold, occupy and ~joy swd laad; tl~t sald laad is free from all encumbranoes: i thattl~y wiIl ir?~ke such furthar as~tnat~oes ~ paded tbs fes dmple title to said laad ia the AuociaKon as may reamnably ba ~ required; aAd tlwt they do l~enby fully warnat the tltle to said land and will defend the same against the lawful clauns of aU perso~u whomsoever. PAOVIDED ALWAYS that if the Mortgagors sha11 well and truly pay unto the Associatlon, the indebtedness evideaoed by that certain p~omi~sory? note. of eva? date Le~wit~+ made by the M~tgagors and payable to the Assocfation, tn the Principal NYNETEEN THOUSAND_TWO AtJNDRED AND NO/100ths--_---po»~ __19, 200._00~, which note, together with interest thereon us tberein specified, is payable in monthlY instal)ments of. ONE HUNDRED--- ~ - FIFTY FOiJR AND 62/100tha_-----------,-----------_---------_. - ~ - - . _ . - - ~ ~ - - - - - - - . - - - - --------Dollars (i-__.154. 62----- 20th September 20,1975 on the------ -----------------daY of each maath commencing with-----_- .~..__~_-------~~.wbich ts are to be upplied, Eirst to interest, snd the bnlanoe to pcincapal, until said indebtedness ~t p~id ia fiill, aad ahsII porfot~u. com with and abide by each and every the sti t~s, agreements, conditions and ooveoants of said promissory note and s, aw,tga8e, Md, ind~din8 any advances ma by the Associatioa to the Mottgagors, or their sua,~ssors ia tltla, foc anY P~P°~• at any time before the rekase and canoellation of this mortgage, but at no tune shall this mortgage secure advances oa account NINETEEN TAOUSAND TWO of said original note together wlth such additional advances in a sum in exoess of.~.-----_-------_---- _ 19 200.00 _ HUNDRED AND NO/100ths--------~ -~------------Dollars (i------._ Plut any advanoes necessary to protect the secadty and costs, then tb3s de~d and the estate hereby created shall cease and be null and void. AND THE I~tORTGAGORS DO hereby cvv~ant and agree: 1. To pay ail and siagular the princ~'pal and interest and other sums of money payabk by virtue of said promissory note and this mortgage, or ather, promptly ~ tbe daYs respechvelY the same severally come due. 2. To pay all and singular the taxes, ass~sments, levks, liabilities, obligations and incambraac~es of every nature and ldnd now on said described ~operty, or that hereafter may be im suffered, placed, tevied, or a~ssed ther~n, or that hereafter may be kvied or asseued upon this Matgage, or the nK~; edness secured hereby, cach and e~very, whea due and payable, according to Lzw, before they become delinquent, and before any interest attad~es or any ~ty~incumcd; and insofar us ; any thereof is of reoord the same shali be promPdy satisfied and diccharged of reoord and on official docvment (such , ss, for instance, the taz receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said ~sociation as titortgagee within teu days nert after p~ymeqt; and in the event that any thereof is not paid, sati~i~ and discharged, said Association may at any time pay the same or any part thereof without waiving or affecdw' g any option, lien, equity or n t_ under ~ by virtue of this ~lfodgage, and the full amount of each and every such payment shall be immediately due andpa ya le and shall bear interest from the date thereof until paid at the rate stated in the note secured hereby and together with such inter- est shall be secured by the lien of this Mostgage. 3. To keep the buildings and all equipment and peiaonal property now or hereafter on said premisa aovend by thit mortgage. insured in a sum equal w at least the amount oE the mortgage, or an acnount sutEicient w oomplY ~vith mp co-ii~suranae rcqui:e- ment oovering the same under the laws oE the St~te oE Fbrida, rnvering loss [rom both Eire and storm, making the bu under said policies. each and every. payable to the Association, u mortgagee. as its interest ma~? appear. and said ins~uance s6all be in a g~oocl and raponsible insunnce mmpany satis[aaory to said Assoc~ation, and written by a rapoi~ibk lod agent satisfatton to said Asto- ! ciacion: and the policy or policia shall bear a standard mortgage clause w+ithout oontribution. and. if t6e original prindpal aawunt li oE che mortgage is Fifty Thousand and no/100 Dollus (s50.000.00) or in accas thereof. s6ai1 be heW by the Astodation, and, in ~ the event any sum of moncry becoma payable uader such poliq or policies. the Association stull have tl~e option to receive and apply che aame on aca~unt of the indebtedness hereby secured, or to permit the mottgagon to reaive and use it, or my part thrtooE. for ~ othet purposes, without thereby wairing or impairing any equity. lien, or rigfit under and by virtue of this mortgage. and may ~ place and pay for such insunnce, or any part thereoE, ~vithout ~vaiving or afEecting its option w[oredvae. or any right hereunder, and the full amount of each and every such payment shall be immediately due and payable and shall bear interat from the date thereoE uaW paid at the nce atated in the note secured henby wd together with such intrrat shall be secured by the liea oE this Afortgage. 9. To t, commit, or suffer no waste, im~ent or deterioration of said property, ~ any part thereof, and upon the failure of ~modgagors to keep the buildings on said prnperty in good condition of repair, the Association may deu~and the immediate repair of said buildiags ~ the unmediate repayaoent of the debt hereby secured, ancl the failure of the mortgagors to o~mply with said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mort e. and, at thc option of the Association, irnmediately mature the entire amount of principal and interest hereby secured, an Association, immediately and without notice, may institute proceedin;s to foreclose this mortgage and applv for ihe appointment of a Receiver, as bereinafter provide~. 5. This mortgage contraM provides for additional advances which may be made at the option of ihe association and secured by thiS mortgage, and it is agrced that in the eva?t of suc6 advancea the amount may be added to the mortgage ciebt and shall increase the unPaid balance of the note hezeby sec~u~ed by the amount of s~ch advance and shall be a pait of raid note indebtedness under all the tenns of said note and this cantract as fuUy as if a new such note and contract were exeruted ~ and delivered. M additional advance agreement may be given and accepted for such advance and provisian may be made for . differet~t monthly payments und a different interest rate and otherezpress nwdifications of tbe oontract, but in all other respects ihis contrad shall remain in full force and effect az to said indebtedness, including all advanoes. x; ~ 6. If any of tbe sums of money herein referred to be not promptly and fully paid within Thirty (30) days nert aker ~ the same scwerally come due and payable, or if each and every the stipulations, se eemen~ conditions, and covenants of said ~ promissory note and thJs deed, or either, are not duly perfonned, rnmplied with and abided by, tbe aggregate sum mentio~ed in said pmmicsory note and any other anwunt ar amo~ts added to tbe mortgage indebtedness under tbe terms of this mortgage shall become due and payable forthwith or thcreafter at the option of the AsaociaNon, as fully and oompletely as if said aggregate ~ sum oE money was originally stipulated to be paid on such day. anything in said prwnissary note or herein to the cant~rrary not- } wit}utending. ~ ' i 7. To deliver to the Association~ on or beforc riarch I5ih. of each year~ taa receipts evideacing the payment of all 1av?- _ fully imp~se~1 taxes for the pre~.~eding calendar year; to detiver to the Aasociation receipb evideflcing the paymez?t of all liens ' for public improvementr within ninety (90) days after the same sha11 hecome due and gayable, and to pay or discharge within ~ ninety (90) days aker due date, any aod all govemmental levies that may be made on the mortgaged property, on this mortgage ~ or note, or in any other way msulting from the mortgage indebtedness secured by this mortgage. ' } ~K 243 PACE11fi2 ~ . - - ~ ---u,~ ~ _ - #~k ~ ~~v~~. ~3