The URL can be used to link to this page

Home My WebLink About0061 at all times prac~ably and quiedy to enter upon, iwld, ocrupy and enj~~y sa~d l.ind; that said laud is frc~e from aA eneumbranees: ; that ~hey will make such futther assurances L~ perfect the fee slmple title to said land in ihe Association as may reasonably be : required; and that they do hereby fully wam?nt the tide to said land nnd ~vill deEend the s:?me ngainst the lawful clainu of T all petsons ~vhomsoever. ' PROVIDED ALWAYS that if the :1lortgagurs shall ~vell und truly pav unta 11?e Associ:dion, the indebteciness evidenced ; by that certain promissory note, of even date hcrewitb, made by the ~iortgagors and pa~able to the Association, in the princi~l ~ TWENTY TWO THOUSAND FOUR HUNDRED AND NO/100ths ~3 22, 400. 00 ,um of . . _ _ _ . . . - - _ ~rhich note, together with interest thereon as therein sPecified, is p:?~able in monthly installments oE ONE HUNDRED EIGHTY SEVEN AND 99/~OOths----------------------------------------_--------- . - - _ . Doilars (S 18?.99. _ ~ on the. 20th day of each month c~mmencing ~vith _..._.OCtober_20~_1975___ which payments .?re to be applied, first to interest, :u~d the balance to principal, until said indebtedness is paid in full, and shall perform, e~ply ~~~ith and abide by each and every the stipulations, agreements, conditions and covenants of said promiss~ry note and this mortgage~ And, induding any advances made by the Assoc~ahon to the Mortgagors, or their successors in tidC, for any purpose, at anv time before the rejease and cancellation of this mortgage, but at no time shall this mortgage secure advances on account ~ - TWENTY TWO THOUSAND uf said original note together ~vith such additional advances i~ a surn in excess of_____.______ FOUR HUNDRED AND NO/100ths-------_----~ollars (s. 22,~_400.00~, pluc any advances necessary _ _ - - - - - - to protect the seeurity and eosts, ihen this deed and ihe estate hereby ereatecl shall cease and be null and voi AIVD THE AlORTGAGORS DO hereby cvvenant and agree: ~ 1. To pay all and singular the principal and interest and other sums of money pa~•able by virtue of said pramissory note :.nd this mortgage, or either, promptly on the days respeMively the same severally come due. . 2. To pay all and singular the taxes, assessments, levies,liabilities, obligations and incumbrances of every nature and kind - ~:i~v on said described property, or that hereafter may be imposed, si~ffered~ placed, levied, or assessed thereon, or that hereafter ma~• be leviecl or assessed upon this 111ortgage, or the indebtedness securecl hereby, cach and every~ ~vhen due and payable, .~ccorcling to law, before they become delinquent, and before any interest attaches or any penalty is incurred; and insofar as anr thereof is of record the same slk~ll be promptly satisfied and dischargecl of record and the original official document (such ~s, for irutance, the tax receipt or the satisfaction paper officially endorsecl or certifiecl) shall bc placecl in the hands of said Association as ttortgagce ~vithin ten da,ys next after payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may.at any time pay the same or any ~art thereof ~vithout waiving or affecting any option, lien, equitv or right under or by virtue of this ~tortgage, and the full amount of each and every such payment shall be immediately due andpa vable and shall bcar interest' from the date thereof until paid at the rate stated in the note securecl hereb~• and together with such inter- est shall be secureci by the lien of ihis Atortgage. 3. To keep ehe buildings and all equipmenc aud personal property now or hereafter on said premises covered by this mortgagc. insured in a sum equal to at least the amount ot thr mortgage, or an amount su(ficient to comply with any co-insurance require- ~ ment cor•ering the same under the lavrs of the Seace of Florida. covering loss from both Eire and storm, making the loss under said : E~olicies, each and every, payable to the Associatioi~. as mortgagee, as its interrst may appear, and said insurante shall be in a good ; and responsible i~uurance company satisfaceory eo said Association, aud wri[ten by a responsible locai agent satis[actory to said Asso- ~ E ~iation; and the policy or policies shz!1 bear a standard mortgage clause without contribution, and, if the orip,inal principal amount ~ 4 ~ of the mongage i~ Fitty Thousand a~.d no J 100 Dollan (S`.~.~•a1) ar in excess thereof, shall be held by t,'~e Association, and, in = the e~•ent any sum of money becom s payable under such policy or policies, the Association shall have the option to receive and apply ' ~ the same on account o( the indeba_dness hereby secured, or to permit the mortgagors to receive and use it, or any part thereof, for j ~ other purposc~s, without thereby wai~~inq or impairing any equity. 1ien. or right under and by virtue of this morcgage. and may ~ place and pay tor such insurance, or any part thereof, without wai~•in~ or a([ecting its option to foreclose, or any right hereunder, q :,ncl the full amount of each and every such pa}•ment shall be immediaeely due and payable and shall bear interest from the date ; ~ chereof until paid at the rate scated in che note secured hereby and cogether with such interest shall be secured by the lien of this = ~ ~tortgage. ~ To permit, commit, or suffer no waste, impairment or deterior.?tion of said propert~~, or any part thereof, and upon ? the failure of the mort~agors to keep the builcfings on said propert}' ~n go«i conciition oi repair, ine A~xx:;ai;v~~ ,,,:~y uer„~~..', u,a ; ;mmediatc re}~~r of said bu:ldings or the immediate repavment of the debt hereby securecl, and the failure of the mortgagors to comply ~vith said demand of the Association for a period oE Thirty (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 herebv secured, and the :1s~ciation, immediately and without notice, may institute proceeclinRS to foreclose this mortgage and applv for the appointment ~f a Receiver, as hereinaker provided. This mortgage contract provides for addition:+l advances w•hicii m~y be made at the option of the association and ~eeured by this mortgage, and it is agreeci that in the event of sueh ac~vanees the amount may be addeel to the mortgage debt ~ ~ .~nd shall increase the unpaid balance of the note hereby secured by the amount of such advance and sh~ll be a part of said ' ~ note indebteclness under all the terms of said note and this contract as fully as iE a new such note and contract .~•ere executed - ~nd rlelivered. M additional advance agreement may be given and accepted for such advance and provision ma~~ be made for s ~ clifFerent monthlv pa~~ments znd a different interest rate and other express modifications of the rnntrac., but in all other respects ` ~ ihis rnntr:ict shall remain in full force and effect as to said indebteciness, including all advances. ~ S ~ 6. If an~• of the sums of muney herein referred to be not promptly and fullv paid ~~~ithin Thirty (30) days next after ~ ~ the same sever:illy come due and payable, or if each and everv the stipulations, agrecment, conditions, and covenants of said ~ ~ promissory note and this deed, or either, are not duly perfotmed, complied with and abided by, the aggregate sum mentioned ~ ~ in said promissory note and anv other amount or amounts added to the morigage indebtedness under the terms of this mortgage ~ ~ shall become due and pav361e forthwith or thcreafter at the option of the Association, as fully and completely as if said a~regate ~ ~ sum oE money was originally stipulated to be paid on such dav, anything in said promissory note or herein to the contrarv not- ~ withstanding. ' . ~ 7. To deliver to the Association, on or before ~tarch l~th, of each ~-ear, taz receipts evidencing the payment of all 1a~~~- fully im~~ taxes Eor the prececling calendar vear; to deliver to the Association receipts evidencing the payment of all liens ~ for pub ~l'c improvements w~thin ninety (90) days after the same shall bccome due and payable, and to pay or d'ucharge within ninety (90) da~~s after due date, any and all govemmental levies that may be made on the mortgaged pmperty, on this mortgage ~r note, or in any other way msiilting from the mortgage indebtedness secared bv this mortgage. : ~ ~ _ ~ gaRK ~44 fa~.E 6~ ~ s~ ~ .s . _ . . , . . ~ _ ..x~~._