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Home My WebLink About1590 , - at all timesp~ oeably and quietly to eatet upoa, ho1d, oocupy and e~njoy said Wnd; that said land i~ free from all.encwnbranoes: that tbey w~I maks ~#u~t}ier a~uranoet bo perfed t~e fae dmple Mle to said 4nd in tba A~rsc#s~ ~s snay r~naWy be requued, and that tbey do Lereby fully? wan~ant tbs titb ~o taid lsnd aad will defend ths same againat the lawEul claima oE all persoas whomaoever. PROVIDED ALWAYS that if th~ Martgagors stwll well and tnily pay unto the Assoc.~iatia~, tbe iadebtedness evidenbed by that ceitain promissoq? note, af evea date haewitL. mads bY tha Mortgagors and payuble to the Association, in the principal TWENTY pollars (=.?9,-Q~O.QO Sum oE -.------------..._._.__?'~QV~~..~Y~? ~?~I~.2_~iQI~QQth~._ which note, together with int~est therooa as therein specified, is payuble u? monthly installmenb of. 4~F ~j.T~I?R~FD---- SIXTY-FOUR AND 43/100ths--_---------------------------_---------------_---------- -------------Dollats (=.164,-43-------- ___whk~ ts on the-..--- ~fih--.---- day of each moath rnmmencing with---Oct~bel~~~2$75_- PQY~ . are to be uppI~ed, fhst to intereat, and tbe balance to ~xra~c3pa1, until said indebcedness is p~id in fnD, and shall p~tosm, with and abide by each and every thes~pu1atrons, agreements, oonditions and ooveaants of said promiisoiy note aad~ aw~a8e, And, inct~8 any advanc~es made by tbe Associatioa to the Moztgagors, ar their s~oceason in titW, fo~ anY P~'P~~ at any time before the releate and cancdlation of thit matgage, but at no tune shall this mortgaga secure advanoe~ an aoeount of said orig~t ~ ~g~ ~,?~cb ~ adaic~t ~t~ ~ a ~ ~ ~ of_~~El~LTY 'CHOUSA1yp.Ai~_._ NO 100ths 20 00 ph,s Y ----~--------=------=---------V-=- -----------nou~ c:-------~_2_~ _QQ_ ~ aa~« to protect the security and costs, tben this deed and the e.state hereby created shall cease and be null and void. AND THE MORTGAGORS DO hereby cvvenant and agree: 1. To pay all and singular the p~inapal and interest and other sums of money payabk by virhie of said promissory note and this mortgage, or eitLer, pmmptly on tbe days respectively the same sevezally come due, 2. To pay all and singular the tues, asseuanents, levies, liabilities, obligations aad incumbrances of every nature aad ~ond now on said described p~nperty, or that hereaRer may be imposed. suffered, ced, levied, or a~ssed th~reon, or that hereafter may be levied or assessed upon tb3s Matgage, or ibe debtedness hereby, cach and every; when due and pa bk, according to 1aw. before they become delinquent, and beEore any interest attaches or any Ls incumed; and ~ as any thereof is of record the same shall be promptly satisfied and discharged of reoord and t~ginal off'icial docvmeat (snch as,, fo~r instance, the tax receipt or the satisfaction paper officially endorsed or oertified) shall be placed in the hands of said Assaciation as Mortgagee withu~ ten days next after payment; and in the event that any theceof is not paid, sati4f~ed aod discharged, said A.ssociat~a may at any time pay the same or any pazt thereof without waiving or affecting any opNon. lien, e4uih' -or rig~t under ar by virtue of t}~is Mortgage, and the full amount of each and every such payment sbaIl be iinmediately due andpa yable aad shall bear intere.st from tbe date ihereof until paid at the rate stated in the note securecl hereby and together with such inter- est shall be secured by the lien of this Mortgage. 3. To keep the buildings and all equipment and peisonal property norv or hereafter on :aid premisa oovered bp this mortgage. insured in a sum equal to at least the amount of the mortgage. or an amount su[fiaent to oomply ~vith any oo-insurance rcquirN ment oovuing the same uader the larvs of the State oE Florida, oovering loss [rom boch iire and storm. making the loa underssaid policies. ach and every. payable to the Association. as mortgagee, as its interat may appear, and said insuranoe st~all be in a good and responaible insunnce company satisfaaory to said Association. and written bp a rrsponsibk loul agent aatiifauoi~ to said Atso- ciation: and the policy or polida shall bear a standard morcgage daux without oontributioa. and. if the original principal amount of the mortgage is Fifty Thousand aad no/100 Dollais (~50,~.00) or in excaa thercof, sha11 be held by the As~ociation. and, in che eveat any sum oE money bemmes payable under such poliry or policies, the Aswciation:hall have the option to reoeive and apply ~ che same on acoount of the indebcednexs hereby secured. or to permit the mongag~ois to rooeive and use it, or my part thaeof, f~ ' other purpoaes. ~rithout therrby waiving or impairing anr equity. lien. or right under and bp virtue. of this mortgage. and may ; place and pay tor such insunnce, or anq pan thtreof. without waiving or aE[ecting its option to EorecloQe. or any right hereunder, ~ and the full amount of each and every wch payment shall be immediacely due and papable and shall bear interat from the dau chereoE unW paid at the nt~ stated in the noce secured haeby and together with such interat shall be aecured by the lien of thi: j b~ortgage. ~ 4. Toperm~t, oommit, or suffer no waste, impairment or deterioration of said property, or any pazt ihereof~ and upon ~ the failuro of th~ mortgagors to keep the buildings on said property in good condition of repair, the Association may deanand the ~ immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of tbe mottgagors ~ to oomply with said demand of the A.s~ociation for a period of Thuty (30) days, shall constitute a breach of this mortgage, and, at the option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the ~ Association, immediately and without notice, may institute prooeedings to foreclose this mortgage and apply for the appointment of a Receiver, as hereinafter providecl. - - 5. Tfiis mo~tgage contract provides for additionul advances which may be made at the option of the association and secared by this moitgage, and it is agieed that ia the eveat of such advs~nces the amount may be added to the mortgage debt ~ and shall ~ the ua~aid balance of the nofie hereby secured by the amamt of s~h advanee and shall be a part o~ said note indebtedness under all the terms of said note and this contract as fuIly as if a new such note and oontract were executed ~ and delivered. An additianal advance agreement may be given and accepted for such advance and provi4ion may be made for ciifEerer?t monthly payments and a different interest rate and otherexpre~ modifications of the oontract, but in all other respec.~ts ~ ihis contract shall remain in full force and effect as to said indebtedness, including all advanoes. 4 6. If any of the sums of money herein referred to be not promptly and fiilly paid within Thirty (30) days next after ~ the same severally come due and payable, or if each and every the stipulations, e~rcemen~ conditions~ and cove.nants of said pmmissory note and this deed, or either, are not duly performed, rnmplied with and abided by, the agg~egate sum meatianed ~ in said promissory note and any other amount or auwunts added to the mortgage indebtedness ~mder the terms of this mortg,age shall beoome due and payable forthwith or thereafter at the option of the Association, as fuDy and oompletely as if said aggregate ~ sum o~f ~ ey was originally stipnlate~ to be paid on such day, aoYthing in said promissory note or herein to the contrary not- ~ & ~ 7. To deliver to the Association, on or before March I5th, of each year, taz receipts evideacing the payment of all lav?- ~ fully impoaed taxes for the preceding calendar year; to deliver to the Association receipb evidencing the payment of all liens ~ for pubLc unnprovements withiu ninety (90) days after the same shall become dne and payable, and to.PaY °r di~rSe within . $ ninety (90) days aker due date, any and all govemmental levies that may be made on the mortgaged property, ~ this mortgage o- or note, or in any other way resulting from the mortgage indebtedness secured by this mortgage. ~ ~ ~ € ' ~o~K243 ~~1590 t ~ _ ~ - , I Y::'- _ - ~1;'Kns~