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Home My WebLink About1584 at all times peaoeably aad 9uietlY to ~ta upoa, hold, oocupy and eajoy said l~nd; tlwt said land b free fro~o~ aU encumbrsnoes; tlwtt~y will make wcb fuether ass~a~noes tp pe=fed tbe fes dmpb title to saW laad ia the A:soc~iatioa aa may reasons~bly ba required; and tl~at tbey do hereby fully warnnt tbs titls to said land aad wIU deEend the same agatnst the Iawful claims of aQ perso~~s whomsoeves. PROVIDED ALWAYS tbat if the M gagors ahall we11 and tn~~f p4y unto the Associati~, the indebtedness evidenoed by tbat oertain pramis~o~y note. of evea datep~hacewtth, mads by the Mortgagors and peyuble to the Associatioa, in the principal FOUR TAOUS~AND TWO ~ITJNI~RED AND NO/100ths---------_ 4, 200.00 sum oE - - ~ whicb note, together with interest thereon as therein specified, is payabk in m~th11? installmenb of. FIFTY_ FOUR. AND 35/100the------------------------------------------------_------_-----_----_ - ~ - ---._._.Dollars (3----54. 35.--- --_whic~ payments on the.._15#h__.__ day of each moath commea~ng with-_-____.___.September 15, 1975 are to be upp~d, fa~st to interESt, and the balanee tv pru~dpsl, until said indebted~ness is paid in fuU, and shaII pafosm.oomp1y ~zth and abide by each and every the~pu1a tions~ agreements, aoc?dirions and oovenanb of said pc+omissozy note and tl~ts ~S'S~ ~~8 any advances made by the Associsition to the Mortgagocs, ar their suocess~rs in titlv, for any putpose, at ~~y time before the release and cenoeqation of this mo~tgage, but at no time shall this mortgage sac~e advances oa acoount of said original note together with such additional adva?ues in a sum in ezoas of_ FOUR_ THOUSAND TWO HUNDRED AND NO/100ths----------------- 200.00_ ius a,n advances necessu -~bollars (i-----4z--- - - P Y tY to protect the sec+uity and costs, thea this deed and the estate hereby created shall cease and be nuU and void. ~ AND THE MORTGAGORS AO hereby a~ve~ant and agree: ' 1. To pay all and singdar the pcincipal snd int~rest and other sums of a~oney payabk by virtue of said promissory note 6nd this mortgage, or elther, 1xomPdY on the daYs respectivelY the ~me severally come due. 2. To p~y all and smgular tbe tases, a~nts, le~?ies, liabilities, obligations and incumbrances of every nature and kind ~ow o~ said desaibed propecty, or that hereaRer map be im~. snffered, placed, levied, or assessed thereon, or that he~+eaker may be levied or as~sed upon thit Matgage, ar the ind ess sen~red hereby, cach and every, whea due and pa ble, aocording to law, befo~e th~y beoome deliaquent, aad before any interest attaches or aaypena1ty is incurred; and ~ as any thereoE is of r~ecamd the same shall be p~ompt}y satisfied and discharged of reoord and the osiginal official document (such . as, for instance, the tax receipt or the satisfac~tion paper officaally endoised or certified) shall be placed in the hands ~ said Association aa ~liortgagee within ten days neat after payment; and in the event that any thereof is noc paid, satisfied and discharged, said Association may at any time pay the same or any part theieof without waiving or aHecting any option, lien, equity or ri~ht und~ or by virtue of thu Mortgage, and the fuD amo~mt oE each and every such payment ahall be immedlately due andpa yable and shall bear in~erest from the date tl~ereof until paid at the sate stated in the note secured hereby and together with such inter- est sball be secured by the liea ~ this Mortgage. 3. To keep the buildin~ and all equipment and personal property now or hetcaEter on :aid premi:a oova+ed bp this mortgage. insured in a sum equal to at least the amount of the mortgage, or an amount iuffident w oomply with any ao-imurance require~ , ment aovering the same under the law+s oE the State oE Fbrida, oovering loss fmm both Eire and :torm, mikiag the ba under uid policia, qcb and every, parablc w the Associacion, as mortgagee. u its interest may appear, aad said insurana s~all be in a good and nsponsible insurance company satistactory to said Asiociation. and writtett by a rapontibk local agent satisfaetoqr to said Asw- ciation; and the polic~r or policia s6all bear a s[andard mortgage ciauae without contribution, and. if the original priadpal amount oE the mongage is fifty T6ousand and ~w/ 100 Dollus -(i~.000.0~ or in ezcess thereof. shall be hetd by the As~ociation, and. in ~ the event any sum oE moneq becoma papable undes such polic7 or polida. tl~e As~o~aation s~all have the option w receive and apply I che same on avoount oE tl~e indebtedaeas hereby securcd, or to permit the mongagon w reaeive and u~e i~ or any part thacof, for ' othet purposes, without thereby ~raiving or impairing ~r ~u~~y. lien, or rig~?t under and by virtue oE th» mortgagr, and may ~ place and pap for such insurance. or any pan thereof. pichouc ~aiving or aEEeccing ia opeioa m toredose. or any rig6t hereunder. f and the tuA amount of each and every such payrment shall 6e immediately due and payabk and shall bear interest from the date ~ thereof until paid at the nte suted in the note secuml hereby wd together with such interat s6a11 be secared b~r the lien oE thit ~ biortgage. ! ~3. To petmit, commit, or suffer no waste, impairm~t or deterioration of said property, or any pazt thereof, and upon ~ the failure of the mortgagors to keep the buildings on said property in good condition of rep~ir, the Association anay detanand the E ~mmediate repair of said buildings or the immediate repayment of ihe debt hereby sex.,ured, and the failure of the mortgagors ~ to complv with said demand of the Association for a Period of Thirty (30) days, shall constitute a breach of this mrntga e, and, at t~e option of the Association, immediately mature the entire amount of principal and interest hereby securecl, and Association, immediate}y and without notice, may institute prooeedings to foreclose this mortgage and apply for the appoin~t ~ of a Receiver, as he~reinafter p~ovided. ' ~ 5. 17iis matgage contract provides for additional advances which may ~e ma~~at~e option of the association and ~ secured by this moztgage, and it is agFeed that in the eveat of such advances tlie amount may be added to the mortgage debt and shall increase the unpaid balanoe of the note hereby secured by the auiount of such advane8 and shail be a part of said ~ note indebtedne.ss under all the terms of said note and this oontraM as fully as if a new such note and oontract were executed ~ and delivered. An additiaaal advance agreement may be given and socepted for such advanee and provision may be made for clifferent mont}ily gayments and a different interest rate and other~ modifications of tbe oontract, but in aD other respects ~ this contrad shall remain in full force and effect as to said indebtedness, inclnding all advances. ; 8. If any of the sams of mnoey herein referreci to be not promptly and fully paid within Thirty (30) days next after ; ihe same severally coma due and payable, or if each and every theshpu~ hons, agreement, condidons, and covenants of said g promis~sary note and thi~ deod, or either, are not duly performed, complied with and abided by, the aggregate sum mentioned g in said promissory note and any other amount or amounts added to the mortgage indebtedness under the ternu of this mortgage ~ shaD bacome due and payable forthwith or thereafter at the option of tbe As:ociation, as fully and oomple~ely as if said aggregate ~ o~~awney was originaliy stipulated to be~paid on such daY• ~Y~B P~"~O~Y note or her~in to the contrary not- & ~ 7. To deliver to the Asoociation, on or before March 15th, of each year, tau reoeipts evidencing the payment of all la~- ~ fuUy imposed taxes for the preceding c~lendar year; to deliver to ihe Association receipts evidencing tl~e payrnent of aD lieos for public unprovements wittw? ninety (90) days after tLe aame s}wll beoome due and payable, and to pay or discharge within ~ ninety (90) davs aker due date, any and all govemmental levies tbat may be made on the mortgaged property, on this mortgage F or note, or in any other way resulting from the mortgage indebtedness secured by this mortgage. ~ ~ 6DOK ~4c~ PA~f ~ % ~ ~ v ~ ; _ ~ , _ =-a:: .~a -