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Home My WebLink About0245 ac au a,~p~~~y u,a q~? c~ ~c~ ~w, ~pr~a ~py ~a w~a; that aaid land i~ free fronn all es,cumbranoes: chact}~y wtll malro such fu~ther a~uanoar tio pa~feot tLs fes simple cicls to said land in the A:sociacioa as may reasonabty be required; and that tlrey do bereby fully warrant the titls to said land aad will defend the same againat the lawful claims oE aU peisons wMtr~oever. PROVIDED ALWAYS that if the Matgagon shaU well aad tnily p~ry unto the Association. the indebtedneas evidaioed by that certain ~ note, of evea date I~+ewItb, mads by tl~e Mo~tgagors and payabk to the Associatioa, in the principal TWENTY EIGHT TAOUSAND AND NO/100ths_---------------_ poqa~, ~a 28, 000._00 s~ua of which ~wte, togecher wich incerest thereoi? as therein aPecified. is P~Yabk in monchlti? instalhnena of..intere8t payments due an November_20.~.19?5 December_,20+.1875, _.Januar _.20 1976,_ Febru~?r .,_20,.1976 _ - - - - - - ~2 - - - --y - + _ March_20~.1876,_ April_20~,1978, and.then. TW0 HUI~TDRED_Z'HIRTY.AND_21f 100ths--.---_- - - (i ---z30..2i.------ . Ma 20,1976 on the..---20th_-------day of each mo~?th commencmg with----------------- -____~~.__._____~____._____~.which ts are to be app~e~, first to interest, and ihe balanoe to p~indpal, unttl said indebbedness it paid in full, and sball perfam~oo~mply ea n ~u with and abide by eacb and every the sti t~ons, a~meats, ooaditions and ooveaants of said ~u+omisso~? aoEe and thb mortga8e, And, including any advances ma by the Association to the Mortgagors, ar tbeir aaocea.wrs in titla, fas anY P~uP~ at any time before the release and cancellation of this mo~tgage, but at no time shall this mortgage secure advanoes on acoount TWENTY EIGHT TAOUSAND of said original note together with such additional advances in a sum in eacoess oE.~ AND N01100ths-----------_---_----------.---.nou~ 28, OOOs 00----), F~,s any aa~ ~ry to pmtect the security and costs, tben tbis deed and tLe estate hereby created shall ceasc end be null aad void AND THE MORTGAGORS DO hereby wvesant and agree: 1. To pay all and singular'the p~incipal and interest and otl~r suau of maneY I~Y~b by virhse of said pcnmis~sory note and this mOrtgage. ot either. promptly on tbe aays respectiv~ely che s~me severally come aue. 2. To pay all and singular the tazes, a~ments, levies, liabilities, obligations and incumbrances of every nahu~e aad Idnd now on said descxibed pr~perty, or that hereafter may be im suffered, pIaoed, levied, ar asse~ed therean, or dwt hereafter may be levied or assPSSed upon thii Ma~tgage, or the vHi~. edness secvred hereby, cach and every, when dne and payabk, according to 1aw~ before ttrey become delinquent, and before any interest attaches or anypen alty is incurred; and intofar as :uiy thereof is of recorti the same shall be promptly sati~fied and di4charged of reoord aad the original official doniment (such as, for instance, tbe ta~c receipt or the satisfaction paper ofKcially endorsed or cettified) shall be placed in the hands of said Association as Mortgagee within ten days ne:t afte~ paymeqt; and in the event that any thereof is n~ paid, satisf'yod and discharged, said Association a~?y at any time pay the same or aay part d~ereoE without waiving or aff~ecMa' g any option, lien, eqnity or right under or by virtue of this '.1lortgage, and the full amount of each and every such pa?yu~ent shalt be inunediately due andpa yable and shall bear interest from the date thereof until paid at the rate stated in the note secured he~by and together with s~ch inter- est shall be seaued by the liea of this Mortgag~. . ' . 3. To kcep the buildings aad all equipmenc and peisonal proprrty no~r or hereafcer on said premna auvrred bp this morcgage, insured in a wm equal to at leau the awount oE the mortgage. or an amount sufficient to comply ~rith my oo-i~urana requira ment ouvering the same under the larrs af the Scace oE Florida. covering loss trom both fire and scorm. making che ba undrr said policies. each and every, payable to the Association, as mortgagee, as iu ineerat majr appear, and taid insannae shall be in a goo3 and responsibk insunnce mmpany sacisEaaory to said Association. and written by a respoeuibk loal agent satis[acto~ to said A~o- ciatioa; and the policy or policia shall beu a stand'ard mortgage dause withau o~ntribution, and, if the original principal amwiut of the mortgage i~ Fi[ty ?houaand and no/ 100 Dollan (:50.000.00) or in exaa thereaE. shall be held by the As~ociaaon, and. in the event any wm of money becana payable uader such policy or policia. t6e ~ztion shall have the aption to reoeive and applp che ume on a~couat of the indebtednas hereby secured, or to pesmit the mongagon to reaive and use it, or any part thtreof, for ~ ocher purposes, without thenby waiving or impairing an~ equity. lien, or right under and b~ virtue of this mortgage, and may place and pay for such insunnce, or any part thereoE, without waiving or afEecting ib option to forecbse. or any rig6t hritunder, ~ and the full amount of each and every such payment shall be immediately due and papable and shall bear intemt from' the date chereof until paid at the rate acated in the note secured hereby wd together with such interat shill be secured by the lien of this ~ l~fortgage. • , ~ 4. To~erm~t, commit, or suffer no waste, impairment or deterioration of said prope~t~~, or any part thereof, and upon ~ the failure of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the ~ ;mmediate repair of suid buildings or the immediate repayment of the debt hereby secured, and the fa;lure of the mortgagon to oomply with said demand of the Association for a period of Thidy (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 hereby securecl, and ihe ~ Association, immediately and witlwut notice, may irutitute prac~eedin;s to foreclose this moitgage and apply for the appomtment ~ of a Receiver, sts hereinafter pro~+ideci. ~ 5. This mortgage contraM provides for additional advances which may be made at the option of the association and seeured by thic mortgage, and it is agreed that in the eveat of sud? advances the amount may be added to the mortgage debt ~ and shall increase the unPaid balance of the note hereby secured by tlie amount of siich advance and shall be a pait of said ~ note indebtedness under all the terms of said note and this contract as fully as if a new sucfi note and contract were executed ~ and delivered. An additional advance agreement may be given and.aocepted for such advance and provision may be made for ~ diffen~nt monthly paymeats and a different interest rate and other express modifications of the contraM, but in all other r~spects ~ ihis contract shall remain in full force and effect as to said indebtedness, includiag all advances. ? 6. If any of the sums of money herein refeired to be not promptly and fully paid within Thirty (30) days neat aker £ the same severaUy come due and payable, or if each and every the stipulations~ o°reement, conditions, and coveaanh of said ~ promissory note and this deed, or either, are not duly performed, complied with and abided by, the aggregate sum mentioned ~ in said promis.wry note and any other amount or amounts added to the mortgage indebtedne.ss under tbe terms of this mortg,age ~ shall become due and payable forthwith ar thcreafter at tbe option of the Association, as fully and compktely as if said aggregate „ sum of money was originally stipulated to be paid on such day, anything in said promissory note or hereiri to the contrary not- ~ `s'it}utandin& ~ 7. To deliver to the Association, on or before Aiarch 15th, of each year, tu reoeipts evidencing the payment of all law- ~ fully imp~ taxes for the preceding calendar year; to detiver to the Association recei~s evWencing the paya~ent of all liens for public improvements within ninety ($0) daya after tbe aame shall heoome due and payabk, and to pay ~ discharge within ~ ninety (90) days after due date, any and all govemmental levies that may be made on the mortgaged propecty, an this mortgage ~ or note, or in any other way resulting from the mortgage indebtedness secured by this modgage. ~ ~ _ soRK245 ~ 244 ~ _ _ '57,. ii4s~~~ ;~Y-~ . _ ~ : . ~ a~~~~ +c . _ . : _