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Home My WebLink About2006 at all timespeaceebly and quietly to enter upon, hold, occupy and enjoy said land; that said land is free from all e~cumbrances; that chey will maka s~c~ fi~hat assuranca to perfec:t the fee dmple title to said land in the Association as may masonably bE: required; and that they do hereby f~lly warrant the titb to said land and will deE~d the sume against the luwful claims of ap persons whomsoever. PROVIDED ALWAYS that if the 11lortgagon shall well and tnily pay unto the Association, the indebted~ess evidenoed by that certain promissory note, of eve~ date bet'ewitb. ms~de by the Mortgagors and pa~rable to tbe Assaciation, in the principal sum of _TAIRTY FOUR, THOUSA."?!~ FOUR AUNDRED AND NO/100th8-~~~~ 34, 400.00 which note, together with interest thereon as therein srecified, is ~?yable in monthly instullments of ~terest payments due o~_ Noqember 8,.1975,__ December_ 8,1975,~_ _January_ 8,1976, _ February 8,_ 1976, _ ~ March 8,1976, April 8,1976 and then TWO HUNDRED EIGHTY. TWO AND 82/100ths- - Dotlars (s..._282. 8~- on the_---.8th--- .-----day of each mo~th rnmmencing ~vith._.. _-----------MaY- a~_ 1976~------------------A---------------_which payments are to be upplied, first to interest, and the tialance to principal, until. said indebtedness is paid ia full, and shaD perfonn, ooanply with and abide by each aad every the stipulations, agceements, conditions and covenants of said promissory note and this mortgage, And, including any advances made by the Association to the Moitgagors, or their successors in tide. f~ any putpose, at any time before the release and cancellation of this mortgage. but at no time shall thic mortgage secure advances on account of said original note together ~vith such additia::al adwances in a sum in excess of_________________________.________._~_______.______.__ --Dollars (Z---~-- plus any advances necessary to protect the security and costs, then this deed and the estate hereby created shall cease and be null and void. AND THE 11iORTGAGORS DO hereby cvvenant and agree: . 1. To pay all and singular the principal and interest and other sums of money Frayable by virtue of said promissory note .~nd this mortgage, or either, promptly on the days respectively the same severally come due. 2. To pay all and singular the taues, suessments, levies, liabilities, obtigations and incumbrances of every nature and kind ~ ~ now on said described property, or that hereafter may be impose~, suffered, placed, levied, or assessed thereon, or that hereafter ' may be levied or assessed upon this Mortgage, or the indebtedness securecl hereby, cach and every~ when due and payable, :~ccording to law, before they become delinquent, and before any interest attaches or any penalty is incurred; a~ in5ofar ,~c any thereof is of record the same shall be promptly satisfied and discharged of reoord and the original official document (such. ss, for instance, the tax receipt or the satisfaMion paper officially endorsed or certified) shall be placed in the hands of said Association as'_4iortgagee within ten days next after payment; and ir. the event that any thereof is not paid, satisfied and discharged, said Association muy at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equity or right under or by virtue of this 1lortgage, and the full amount of each and every such payment shall be immediately due andpa yable ; and shall bear intepest [rom the date thereof until paid at the rate stated in ihe note securecl hereb~• u?d together with such inter- est shall be secured by the lien of this Mortgage. 3. To keep the buildings and all equipment and personal property nowr or heteaftec on said premises covered b~r this mortgage. insured in a sum equal to at leut the amount of the mortgage, or an amount sufficient to mmply with any co-insunnce require- ment covering the same under the laws oE the State of Florida. ooveting loss [rom. both Eire and storm, making the loa under stid - policia, each and e~ery, payable to the Association, as mortgagee, as ia interest may appear, and said insurance shall be in a good and responsible insurance company satisfaaory to said Association, and written by a responsible local agent satu[actory to said Asso- ciacion: and the policy or policia shall bear a st~ndard mongage clause without contribution. and, if the original prindpal amount oi the mongage is Fi[ty Thouund and no/ 100 Dollan (s50,000.00) or in txcas thereof, shall be held br the Associadon. and, in the e~ent any sum of money becomes payable under such policy or policies, the Association shall have the option to receive and apply the same on account oE th~ indebtedness hereby secured. or to permit the mortgagors to receive and use it, or any part thettof, fot oeher purposes, without thereby waiving or. impairing any equity, lien, or right under and by virtue ot this mortgagr, and may ; place and pay tor such insurance, or any pan theteof, without wa'iving or af[ecting its option to Eoredose, or any right hereunder, i and the [ull amount o[ each and every such payment shall be immediately due and payable and shail bear interest from the date ~ thereoE until paid at the nte stated in the note secured hereby and together with such interest shall be setured by the lien oE this ~ 1lfortgage. I 4. To permit, commit, or suffer no waste, impairment or deterioration of said propert}', or any part thereof, and upon E the failure of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the immediatc re~air of said bu;ldings or the immediate sc~ayment of the debt hereby secured, and ihe failure of the modgagors ~ to comply ~vith said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage, ~ and, at the option of the Association, immediately mature the entire amount of principa) and interest hereby secured, and the ' Association, immediately and without noHce, may institute proceedinas to foreclose this mortgage and apph• for the appointment ~ of a Receiver, as hereinafter pmvided. ! 5. This mortgage contract provides for additional advances which 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 added to the mortgage debt ~ and shaA increase the unpaid balance of the note hereby seciued by the amount of such advance and shall be a part of said note indebtedness under all the terms of said note and this contraM as fully as if a new such note and contract w~ere executed ` :~nd delivered. An additional advance agreement may be given and accepted for such advance and provision mav be made for ~ ~ different monthlv paymenis ~nd a different interest rate and other express modifications of the contract, but in all~other respect.4 ; ihis contract shall remain in full force and effect as to said indebtedness, including all advances. ( ~ 6. If any of the sums of muney herein referred to be .not promptly and fuUy paid within Thirty (30) days next after ' f € the same severally come due and payable, or if each and every the stipulations, agrr,ement, conditions, and covenants of said ~ promissory note and this deed, or either, are not duly performed, complied with and abided by, ihe aggoegate sum mentioned i ( in said promissory note and any other amount ar amounts added to the mortgage indebtedness under the terms of this mortg,age i shall become due and pay:ible forthwith or thcreafter at the option of the Association, as fully and completely as if said aggregate ~ sum of money was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- ~ ~vithstanding. ~ 7. To deliver to the Associatiori, on or before ~~arch 15th, of each year, tax receipts evidencing the payment of all laN•- ~ fully im~ ta~es for the preceding r.dendlr year; to deliver to the Association receipts evidencing the payment of all liens ; for pub ' improvements within ninety (90) days after the same shaU hecome dae and payable, and to pay or discharge within ~ ninety (90) da~~s 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 msulting from the mortgage indebtedness secured by this mortgaRe. ' ~ BQ~c ~IGE~ ~ ~ ~ ~ f S 5 6g~, S~ ~ , ~ ' - . r~ ' ~v-„=.s<L~ . _ A . _ _ ~ . . . ~ i _ -ta