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Home My WebLink About2570 at all times oeably and qukdy to et?tec upoa, hold, occu y and enjoy aa~d land; t6at aaid land 'u free f~aoa aU encumbrat~s: t~c~y ,~,,,,k, ~ •,~•~o~ m ~ ~e ~ ~~c~ co ~a ~a c~e ~ac~ ~ ~y reawnably ba required; and tbat they do bereby fuUy warrant tbs titb ~ said land aad will defend the same against the lawful claims of nu persona whomsoever. PROVIDED ALWAYS that if the Mortgagws shall well and tndy p~y unto the Association, tbe iadebtedness evidenoed by that c«min promissory no~, oE ev~a date hecewith, mads by tbe Matgagors ~nd payable to the Associ~tioa, in the pri~cipat FOUR, THOUSAND TWO HUNDREn ~'iND NO/100ths--------- 4 200 00 sum of _ Dollars (i . which note, together with interest thereon as therein sPecifkd, is PaYuble in monchly ~scalimencs oE. FIF'TY FOUR AND 35/100ths------------------------------------------------------------ - - - - - - - ------------.Dollars (i_._._54. 35 on the------16th_ ..__.day of each mmth commencing with_-.-- OCtObeT 16~ 19?5 ~~.___..~_~Y_.__~_which paya~ents are to be upp1~ed, f~rst to interest, and the beLnee to principal. until said iadebtedness is paid in fu11, and shall parfam. oomply with and ablde by each and every the atip~ilations, agreements, conditions and oovenants af said p~omissoq? nobe and this ~~a8e. ~l, inciu~r'8 any advances made by the Association to the Mortgagon, or their suoces,sois in titk:, far any purpoae, at any time before the release and cancellation of this mortgage, but at no time shall this mortgage sxure advanoes an account of said original iwte togetl~er with sud? additional advances in a sum in ezcess of__ ~FOUR THOUSAND TWO HUNDRED AND NO/100ths------------- 4, 200.00 _ lui an ad~ necessu - P Y to protoct the sexurity and costs, then this deed and the estate hereby created shall cease and be null and void, AND THE MORTGAGORS DO hereby cvvenaat and agree: 1. To pay all and singulac the p~incipal and interest and other sums of money payable by virhie of said pramissory notc .md this mortgage, or either, promptly on tbe days respectively the same severally come due. 2. To pay all and singular the mzes, assessments, levies, liabilities, obligatioris aqd incumbrances of every? nAture and lrind now on said described pr~perty, oc that hereafter may be imp~e suffered,p cec1, leti'ied, or aaessed thereo~n, or that hereafter may be levied or as~sed upon thit Matgage, or the indebiedness se~urecl hereby, cach and every, when due aad payable, uccording to law, before they beoome delinqueat, and before any intere.st attadie.s or aaypens1ty Ls incumed; and incofar us any thereof is of reoord the same shall be Pz'~~P~Y satidied and discharged- of reoord and the ori9inal official docnment (such ~s, for instance; the taz receipt or the satisfaction paper officially enclorsed or certified) shall be placecl in the handa of said Association as Mortgagee within ten days next aker payment; and in tlie event that any thrr~of is not paid, satisfied and dischargetl> said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lieq equity or ri~t under or by virEue of tbis ~iatgage, and the full amount of each and every such payment shall be immediately dae andpa ya le and shall bear interest from the date thereof until paid at ihe rate stated in the note secunYl6ereby and together with such inter- est shall be secured by the lien of ihis Mortgage. 3. To keep the buildings and all equipment and peisonal property now or hereaEtrr on uid premi~a oovered by t6it mortgage. insured in a sum equal to at leut the amount o[ the mortgage. or an amount sufficient to comply with anr to-insurance rtquire- ment o~vering the samt under the laws of the State ot Florida, oovering lass [rom both fire and storm, making the 1oa under said policics: eac6 and tvery. payable to the Associacion. as mortgagte. as its interest mar appear. and said iasurance shall be in a good and responsiWe inaunnce mmpany satistactory to aaid Assodation, and ~vrittea by a rapor~ibk local agtnt satis[attonr to aaid Assa ciation: and the polic7r or policia shall bear a sundard ~rtgage danae without aontributioo, and. if the original prindpal amount oE the mortgage is Fitty Thousand and noJ100 Dollan (s50.000.00) or in exca~ thereof. shaU be heW bp the As:ociatioa. and, in ~.he evenc any sum of anoney becomes payable under such policy or policies. the Asfociation shalt have the ogdon to raeive and apply the same on aaount oE the indebtednas hcreby secured, or to permit the mortgagezs to ieoeive and use it, or wp part thereo~f, for other purpoacs, without thereby wraiving or impairing any equity, lien, or ti~ht under and bp virwe of this mortgage, and ma~ place and par for such insurance, or anr part thereof, without waiving or af[ecdng its optioa w foreclase. or any right hereunder, ~ and the full amount oE each and every such payment shall be immediately due and payable and shall bear interat fmm the date I chereot unW paid at the rate stated in t6e noce secured hereby and togecher wich such incerat shall be secured bp the lien of thia j riortgage. E i To permit, commit, or suEfer no waste, impairment or deterioration of said propert~~, or any pazt thereof, and upon ~ the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the ~ immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors ~ to comply with said demand of the Association for a period of Thuty (30) days, shall constitute a breach of this mort~age, e and, at thc option of the Association, immediately mature the entire amount of principal and interr~sst hereb secured, and the ~ Association, immediately and without n~ice, may institute proceedin;s to foreciose thiu mortgage and appW or the appoin~t ~ of a Receiver, as hereinaftet provided. ~ 5. This modgage contract provides for additional advances which may be made at the option of the acsaciation and ~ sec~med by this mortgage, and it is agreed that in the event of such advanees the amount may be added to the mortgage debt and shall incrase tLe unPaid balance of the note hereby secured by the amoant of s~ch advance and shall be a part of aaid ~ note indebtedness under all the terms of said note and this eontract as fully as if a new such note and oontract ~•ere executed ~ ~nd delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for clifferent monthiv payments and a different interest rate and otherezp ress modifications of the oontraM, but m all other respects : ihis contrad shall remain in full force and effect as to said indebtedness, including all advances. ~ 8. If any of the sums of money herein referred to be not promptly and fully paid within Thirty (30) days next after 3 the same severally come due and payable, or if each and every the stipulations, agrcement, conditions, and covenanb of said ~ promissory note and this deed, or either, are not duly perforaied, complied with and abided by, the aggregate snm mentioned ~ in said prnmissory note and any otber amo~mt ar amonnts added to tl~e mortgage indebtedness under t}~e tcYms of this mortgage ; shall beoome due and pay~ble forthwith or thcreafter at the optian of the Associarion, as fiilly and compk~tely as if said aggregate ~ sum of money was originally stipulated to be paid on sach day, anything in said pmmissory note or herein to the contrary rat- ~ withttanding. ~ 7. To deliver to the Association, on or before March 15th, of each year, tax receipts evidencing the payment of all 1aw- ~ fully im taaes for the preceding calendar year; to deliver to the Associatiar receipts evid~ang the payment of aII lie~s ~ for pub ' improvements within ninety (90) days aker the same shaII beoome due aad payable, and to pay or d'ucharge within y ninety? (90) days after due date, any and all govemmental levies that may be made on the mortgaged property, on this mortgage ~ or note, or in any other way resulting from the mortgagq indebtedness secured by this mortgage. . Bo~2~3 ~~~?~D _ _ - ~ r~~ ~ : , ii - ~u:~ ~=t„_ ~~y_;~ ~