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Home My WebLink About1296 . s at all times peaceably and quietly to eater upon, hold, occupy ai~d enjoy said lund; that s.ud land 'u fre~e from aU encumbrances; t that they will make such further auuranoes t~ pr,ifect the fee simple title to said lar?d in the Association as may reasonably be ~ required; and that they do hereby fully warrant the title to said land and ~vill defend the same against the la~vful cluims of ~ all persons whotnsoever. PROVIDED ALWAYS that if the 1liortgagors shall weU und truly pay uato the Association, the indebtedness evidenced by that certain promissory note, of even date herewitL, made by the Mortgagors and pay-able to the Association, in the principal Stun of _.~''.._~.~._.T__HOUSAND. TWO_ HUNDRED_ AND NO/IOOths-------.-- poliars (a 4x200. 00 ~vhich note, together with interest thereon :u therein sPecified, is payable in monthly installments of FIFTY-FOUR - AND 35 10 - - _ - -4tl~.s- - - - _ _ . . . . _ _ . _ - - ~ ~ . Dollars (s _54._35. - on the- 2.Oth_-----day of each month commencing with_ _ OCtobel'_ 20j---1975_------------------,---- -----------.----which payments .u~e to be applied, first to interest, and the balance to principal, until said indebtedness is paid in fuli, and shail perform, oomply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissary note and this mortgage, And, including any advances made by the Association to the Mortgagon, or their. successors in tidC, for any pw~pose, at any time befor8 the mle~ase and cancellation of this mortgage, but at no time shaU this mortgage secure advances on account of said original note together ~vith such additional advances ia a sum in eccess of_._FOIIR_.TH~2IISA~ID_T3N~_________._ HLjNDRED AND NO/100ths-------------------~~~~ ~s 4, 200. 00 plus any advances necessary ~ - - to protect the secarity and costs, then this deed and the estate hereby created shall cease and be nul) and void. , AND THE :1~ORTGAGORS DO hereby cvvenant and agree: ~ 1. To all and sin r the ruici and interest and other sums of mone ble b virtue of said romisso note 3 PaY 8~ P~ P~ Y PaY~ Y P rY :~nd this mortgage, or either. prompdy on the days respectively the same severally come dne. ~ 2. To gay all and sing~ilar the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind ; now on said d~cribed property, or that hereafter ma be imposed, sufEered, placed, tevied, or assessed thereon, or that hereafter ~ c may be levied or assessed upon this Modgage, or e indebtedness secured hereby, each and every, when due and paya6le, : acconling to la~v, before they become delinquent, and before any interest attaches or any penalty is incurred; and insofar as ~ any thereof is of record the same shall be promptly satisfied and dischdrgecl of record and t6e original official document (such as, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placetl in the hands of said Association as liortgagee within ten days next after payTnent; and in the event that any thereof is not ~raid, satisfied and discharged, said Association may at any time pay the same or any part thereof ~vithout waiveng or affecting any option, lien, equitv or right under or by virtt~e of this \fortgage, and the full amount of each and ever}~ such payment shall be immediately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in ihe note secured hereby and together with such inter- est shalt be secured by the lien of this Mortgage. 3. To kcep the buildings and all equipment and personal property now or hereafter on said premixs mvered by this mortgage, insured in a sum equal to at )east the amount of the mongage, or an amount sufficient to mmply with any co-insurance tequire- ment covering the same under the laws oi the Swce of Fiorida; rnvering loss from ?~oth fire and scorm, making the loss under said policies, each and e~ery, payable co the Associaeion, as mortgagee. as iu interest maf appear, and said insurance shall be in a good and responsible insurance compa~y satisfactory to said Association, and written by a responsible local agent satisfactoty to said Asso- ciation; and the policy or policies shall bear a statxlard mongage clause without mntribution, and, if the original principal amount of the mongage is Fi[ty Thouund and no/ 100 Dollan (s50,Q00.00) or in excess thercof. shall be held by the Association, and. in the event any sum oE money becomes payab[e uuder such policy or policies, the Asso~ciation shaA have the option to receive and apply che same on account o[ the indebtedness hereby secured, or to per~it the mortgagors to rec~ive and uae it, or any pan thereof. for other purposes, without thereby waiving or impairing any equity, lien, or right under and by virtue o[ this mortgage, and may place and pay [or such insurance, or any pare thereot, withouc waiving or aE[ecting iu option to fortclose, or any right hereunder. and the full ~mount of each and every such pay~nent shall be immediately due and payable and shall bear interest from the date ~heteof until paid at the rate stated in the note secured hereby and cogether with such interest shall be secured by the lien of this Afortgage. 4. To permit, commit, or suffer no waste, impairment or deterioration of said propert~~. or .u?y part thereof, and upon the failuro of the mort a ors to kee the builciin s on said ro ri ~ iu ~,aii cor+~:t;ar~ c; ;he 3~.;Mia!:rr. :aaay ~pman~ rhP g g P K P Pe ) $ t"'• immediate repair of said buildings or the immediate repayment of the debt hereby secured, and ihe failure of the modgagors to rnmply ~vith said demand of the rlssoci.ltion for a period of Thirty (30) days, shall constitute a breach of this mortgage, and, at the option of the Association, immediately mature the en6re amount of principal and interest hereby secured, and the Association, immediately and ~vithout notice, may institute proc:eedinRs to forectose this mortgage and apph• for the appointment of a Receiver, as hereinaker providecl. 5. This mortgage contract provides for additional advances ~~hich may be made at the option of the association and secured by this mortgage, and it is agreed that in the event of such advances the amount may be~dded to the mortgage debt and shall increase the unjrsid balance of the note hereby secured by the amount of such advance and shall be a pazt of said note indebtedness under all the tezms of said note and this contract as fully as if a new such note :u~d contract ~-ere executed ~ and delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for ~ different monthly pavments and a different interest rate and other express modifications of the rnntract, but in ~11 other respects ~ ihis contract sha11 remain in full force and effect as to said indebtedness, including all advances. ~ 6. If any of the sums of money herein referred to be not promptly and fully paid w~thin Thirty (30) days next after ; the. same severally come due and payable, or if each and every the stipulations, agreement, conditions, and covenants of said promissory note and this deed, or either, aze not duly performed, complied with and abided by, the aggregate sum mentioned ~ in said promissory note and any other amount or amounts added to the mortgage indebtedness under the terms of this mortgage shaIl become due and pa}~bte forthwith or thereafter at the option of the Association, as fully and rnmpletely as if said aggregate ~ ~mt~~f~m~oney was originaUy stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- a 5 b• i. To deliver to the Association, on or before '.1larch l:ith, of each year, tax receipts evidencing the payment of all law•- fully im~ taxes for the preceding ralendar year; to deliver to the Association reeeipts evidencing the payment of aU liens for pub ' impmvements w~thin ninety (90) days after the same shall hccome due and payable, and to pay or diseharge witbin ninety (90) davs afier due date, any and all govemmer?tal levies that may be made on the mortgaged property, on this mortgage or note, or in any other way resulting from the mortgage indebtedness seci~rec] bv ihis mortgage. . ~ sooK 244 ~1297 ~ _ - _ : ~ . _ ~ _ ~"u:,~