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Home My WebLink About2184 ~ i . ~ n at all timespcaocably and qu~etly to outer upon, hold, oaw y and cnjoy seud land; thst said land is free f~rom all encumbranoes; that they will mdce such furthar asnuu~oes to perfed tbe simple titk to said land in the Associ~tion as may reasonably be reqwred, and tbat they do bereby fd}y wan~nt ths title to s4id land and will defend the snme against the lawEul claims~ of aq petsons whomsoever. PROVIDED ALWAYS tbat if the Mortgagors s}?all well and truly pay unto the Association, the indebtedness evidenoed by that certain promissoty note, of evm date Lerewit~y mtde by ihe Matgagors end payuble to the Association, in the principal 5~,,,, FOUR_.THOUSAND _FIVE _ HUNDRED_ AND . NO~ 1~Oths 4_ 500.. 00 . Dollars (i + . .vhich note, together with intcKest thereon us therein spccified, is paynble in moathly installments of Fe'jF`Z'y...EIG~iT AND 23/100ths--------------------•--------------------------------------------- - - - - - ~ ..Dotiars (=_~$.2~__._ . on th~__ 20th--- ------day of aich month commencing with------OctobeY'_20~_ 19?5 ----------_wLich payments :ue to be npplied, f~rst to interat, and the balanoe to principal, until said indebtedness is paid in full, and sbaII oomply ~vith and abide by each and every the atipulatans, agreements, conditions and aovenants of sa~d promissary~ d this mortgage, Md, includiug any advances made by tbe Association to the Ma~tgagors, or their succassors in titla, far any p~rpoae, at any Hme before the release and cancellation of this mortgage, but at no time shaU thu modgage secure advances on aocount of said original note together with such additional advances in a sum in e:cess of__~Q~__T~Q~T~A_~~~__.___ HUNDRED AND NO/100ths------------------.Dollars (s_.4„ _500~00-----), plus any advances ne_~nr,? - ~ to protect the security and costs, then this decd and the estate hereby created shall cease and be nult and void. ~ AND THE 11iORTGAGOAS DO hereby cvvenant and agree: 1. To pay all and singular tbe principa1 and interest and other sums of uwney payable by virtue of said promissory note :~nd t}vs moitgage, or either. PromPVY on the days respectively the same seveially come due. ' 2. To pay a11 and singular the taxes, asse~ments, levies, liabilities~ obligations and incumbrances of every nature and ]cind now on said desc~ribed property, or that hereafter may be im~ , suffered, placed, levied, or asssssed thereon, or that hereafter ; may be levied or asse.ssecl upoa this Mo~tgage. or the indebtedness secured hereby, cach and every~ when due and payable, ~ ~ccording.to law, beEore they beeome deliQquent, and before any interest attaehes or anypen alty ic ineurred; and insofar ns ~ :my thereof is of record the same shall be promptly satisfied and di~charged of record and the original official dorument (such ns, for instance, *~e ta~c receipt or the satisfaction paper officially endorsed or certified) shail be ptaced in the hands of said Associatioa as Atortgagee withim ten days nert after patyment; and in the cvent that any ther~of is not paid, satisfied and dischaiged, said Association may at any time pay the same or any pazt thereof without waiveng or afferting any option, liea, equity or rip~ t under or by virtue of this riortgage, and the fuq amouat of each and every such payment shall be immediately due andpa yable and shall bear interest from the date thereof until paid~ at the rate stated in the note secured hereby and together with such inter- est shalt be secured by the lien of ihis Modgage. 3. To keep the buildings and all equipm~nt and persoaal propeny now or hetraEter on said premita aovered b~ this mortgage, insured i~ a sum equal to at leau che amount of the uwrtgage, or an amoant sufficient to complr ~rith aay oo-insurance require- ment oovering the same under the laws of the State o[ Florida, rnvering loas from both fin and storm, making the lo~s under uid policies, each and every, payable W the Aasociation, as mottgagee. as iu interest may appear. and said insurance siull be in a g~ood and raponsible insunnce tompany satisfactory to said Association, and written br a resporuibk local agent satisfattory w said Atto- ciaceon: and the policy or poliaa shall bear a standard mongage clause without oontribution, and, if the original principal amount of the mongage is Fifty Thousand and no j 100 Dollan (s50.000.00) or in excaa thereof. shall be hdd by t6e Association, and, in ehe event any sum of money becomes payable under such policy or policia, the Association aha11 have the opeion to nYeive and apply che same on acoount of the indebcedreess hereby secured. or to permit the mortgagors to rtceive and use it, or any part thereof, for other purposes, wichont thercby waiving or impairing any equity, tien, or right undet and by virtue of this mortgage, and may place and pay for such insurance, or any part chereof, without waiving or ai[ecting its option to forecloae. or any »ght heiennder, and che [ull amount oE each and every such payment shall be immediately due and payable and shall bear incerest fr~nm the dste thereof untii paid at the tate stated in the ~ote secered hereby and together with such intereat shall be secured by the lien oE thit riortgage. . 4. Tope rmit, oommit, or suffer no waste, impairment or deterioration of said property~, or any part ihereof, and upon the fai]uro of the mortgagors to keep ihe buildings on said property in good condition of repair, the Auociation may demand the immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors to rnmplv with said demand of the Association for a period of Thirty (30) days, shall eonstitute a breach of this mortgage, and, at t'he option of the Associatioa, immecliately mature the entire amount of princiiral and interest hereby secured, and the Association, immediately and without notice, may institute pr~oceedin;s to foreclose this mortgage and apply for the appointment of a Receiver, as hereinafter ginvided. 5. 'fhis moztgage contract provides for additional advances which may be made at the option of the association and secured'by this mortgage, and it is agreeci that in the eveat of such advnnces the amount may be added to the mortgage debt and shall increase the unpsid balance of the note hereby secured by the amount of such advance and sball be a pad of said note indebtedness under aU the ternu of said note and this contracc as fully as if a new such noie and contract were executed ~nd delivered. M additional advance agreement may be given and accepted for such advance and provision may be made for c~ifferent monthly payments and a different interest rate and other eapress modifications of the rnntract, but in all oiher respects ihis contract shall remain in fu1! force and effect as to said indehtedness, including a11 advances. 8. If any of t6e sums of money herein referred to be not prompdy and fu11y paid within Thirty (30) days next after the same severaDy rnme due and payable, or if each and every the stipulations, oareement, conditions, and covenants of said promissory note and thi~ deed, or either, are not dnly performed, complied with and abided by, the aggregate sum mentioned in said promisscx~? note and any other amount os amonnts added to the mortgage indebtedness under the terms of this mortgage shali beoome due and payable forthwith or thc~reafter at the option of the As.wciation, as fuDy and completely as ~f said aggregate µ m~n~ ey was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- & 7. To deliver to the Association, on or before 1~larch i5tb, of each year, tax receipts evideocing the payment of all 1aN~- fnlly imp~se~ taxes for the preceding calendar year; to deliver to the Association receipts evidencing the peiyment of all liens for gublic improvements within ninety (90) days aker the same shall t~ecomc due and payab~e, and to pay or dischacge within ninety (9p) davs aftec due date, any and aA govemmenta] ]evies that may be made ~ the mortgaged property, on this mortgage or note. or in any other way resulting from the mortgage indebtedness secured by this mortgage. f~ - ~ QOOK~~~ PACE~~S ~ - _ 4 _ ~ ~ - ~ K~~-~_ ~ , _