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Home My WebLink About0428 at all Hmospeaceably and quietly to e~ter upon, hold, occupy and enjoy sa~d lund; that said land is free from all encumbranoes; f that they wt? make such futtha aa~uu~s bo perfed the fes dmple titk to said land in the Association as may reasonably be ' requic+ed; and that tbey do htnby f~il1y warrant the tltb ~o said land aad will defend the same againat the lawful clairns of aU persons whomsoever. ~ PROVIDED ALWAYS that if the riortgagors shall well and tnily pay unto the Association, the i~debtedness evidenoed by that certain promissory note, of even cLte henwith, mads by the Mortgagors and pa~r~ble to the Associatio~, in thc principat TWENTY SIX THOUSAND FOUR HUNDR,ED AND NO/100ths-- 26, 400. 00 sum of - - ~ _ - . DoA,qrs (i . . .vhich note~ together with inte~rest thereon as thercin srecified~ is puysble in mon~i?iy tnstallmencs oE interest _payments _ due on November 20,1975, December 20,1975, January 20, I9?6, February 20,1976 and tlien TWO HUNDRED TWENT~' ONE AND 56/100ths--------------________________ ~ ' 221 56 - - - - - - no113rs (i--- ~ on the...20th--- .-----day_of each manth commencing ~vith------ _.M2~TCh_20,1976----------------------------------_which payments :u~e to be upplied, first to interest, and t}~e balance to principal, until said indebtedness is paid in fuU, and shaII pe~fomn, ~ with and abide by each and every the stipulations~ agreements, conditions and covenants of said ~x+omissory note and mortgage, Md, including any advances made by the Assoc;aaon to the Mortgagors, or their suocessors in titlv. fa any ptupose, at any time before the relea.se and cancetlation of this mortgage, but at no time sha11 this mort,gage secure advances on account of said originul note together with such additioaal advances in a sum in eacess of_ Tw~TY_SIX_THOUSAI~D ~ _ FOUR HLTNDR,ED_AND NO/100ths--_ ----na»~ (s .._26,_400._00_): pl~ ~,y 8a~~ A~,ry ro pmtect the secwity and costs, then this deed and the estate hereby created shall cease and be null and void. ~ AND THE r~ORTGAGORS DO hereby cuvenant and agree: • 1. To pay all and siagular the princfpa1 and interest and other sums of money pa~able by viztue of said promissory note and this mortgage, or either. prompdy on the days respectively the same severally rnme due. 2. To pay all and singular the taxes, asseuments, levies. liabilities, obligations and incumbrances of every nature and kind now on said described pmpeity, or that hereafter may be impos , suffered, placed, levied, or assessed thereon, or that heieafter , may be levied or assessed upon this Aio~ctgage, or the indebted~ness serured hereby, each ~and every, when due and paya ble, accordjng to law, before they become delinquent, and before any interest atiaeh~s or any naliy is °cun+ed; and iruofaz us any ther+eoE is of record the same shall be promptly sat;sfied and discharged of reoord and t~ original official document (such 1s, for instance, the ta~c receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said ' Association as ~tortgagee within ten days next after payment; aud in the event that any thereof is not paid, satisfie~d aad discharged, said Association may at any tune pay the same or any psrt thereof ~vithoat waiving or ~ffecting any option, lien, eqaity or right t?nder or by virtue of tbis ?liortgage, and the full amount of each and every such payment shall be immediately due andpa yable and shall I~ear interest frora the date thereof until paid at the rate stated in the noie secured hereb}• and togethe,r with such inter- . est shall be secured by the lien of ihis 1liortgage. ~ 3. To keep the buildings and all equipment and penonal property now or hereaEtet on said pmnisa oovered by this mortgage, insured in a sum equal to at least [he amount of che mortgage. or an amount suEticient to complr with any co-imunnce rcquire- ment tovering the same under the laws oE the Sute of Flotida, oovering loss from both Eire and stoim, making the las under said policies, each and efery. payable co d~e Associatan, as mortgagee, as iu interest may appear. aad said iasunnce s6all be in a goai and responsible insurance company satisfattory to said Associatio~, and written by a rapontible lonl agent utisEacWry to said Aaso- ciation; and the policy or policies shall bear a sundard mottgage clause w-ithout contribution, and, if the original principal amount of the mongage is Fitty Thoacand and no/ 100 Dollars (j50.'J00.00) or in excaa thereof. sLall be held br the Association, and. in che e~•enc any sum of money becomes payable under such policy or palicies, the Association shall have the option to receive aad appIy che same on accoune of ehe indebeedness hereby secured, or co permit the moregagois to noeive and use it, or any part thereof. for other pur~OSes, without thereby waiving or impairing any equity, lien, oi right undet and by virtue ot thia mortgage, and may place and pay [or such insurance, or any part thereot, without waiving or atfecting its option to foreclose, or any right hereunder, :~nd the [ull amount of each and every such payment shall be immediately due and payable and sE~all bear intereat fmm the date thereo[ untii paid at the rate stated in the note secured hereby and together with such ittterrst shal! be secured by the lien oE this ~fortgage. ~1. To permit, commit, or suffer no waste, unpairment or deterioration of said property, or :u~y part ihereof, and upon t}~e faili~rr. oE t)tc mortga~ors to kecp the buildings on said property in good condition of repair, the Association may demand the immediate re~kiir of said bu;ldings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors to comply ~vith said demand of the A,ssock~tion for a period of Thirty (30) days, shaIl rnnstitute a breach of this mortgage. and, at the option of the Association, immediately mature the entire amount of principa) and interest hereby secwed, and the :\ssc~ciation, immediately and uithout notice, map institute proceedin;s to foreclose thu mortgage and applv for the appointment ~f a Recei~-cr, as hereinafter provide~i. This mortgage contract provides for additional advances which may be made at the option of the association and tecured bv this mortgage, and it is agrecd that in the event of such advances the amount may be added to the mortgage debt and shall increase the unpaid batance of the note hereby secured by the amount of such advanc~e ancl shall be a part of said note indebtedness undet all the terms of said r?~te and ihis contraM as fully as if a new such note :u~d contraM v?ere executed :~nd delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for rlifferent monthlv pay~ments ~nd a differen,t interest rate and other express modifications of t6e contr.iM, but in all other respects this contract shall remain in full force and effeM as to said indebtedness, including a~l advarx~es, 6. If any of the sums of monej herein referred to be not promptly and fully paid within Thirty (30) days next after the same severally come due and payable, or if each and every the stipulations, ao cement, conditions, and covenants of said promissory note and this deed, or either, aze not duly perfozmed, complied with and abided by, the aggcegate sum mentioned in said promissory note and anv other amount ar amounts added to the mortgage indebtedness under the terms of this morigage shall becotne due and payable forthwith or thereafter at the option of the Association, as fully and completely as if said aggregate sum of money was originally stipulated ;o be paid on such day, anything in said promissory note or herein to the contrary not- ~vithstanding. 7. To deliver !o the Association, on or before ~farch 15th, of each year, tax receipts evidencing the payment of all IaH-- fully im~ taxes for the preceding calendar year, to deliver to the Association receipts evidencing the payment of aU liens for pub 'c improvements within ninety (90) days after the same shall hecome due and payable, and to pay or discharge within ninety (9p) davs after due date, any and all governmeutal levies that may be made on the mortgaged property, on this mortgage or note, or i~ any other way resulting from the mortgage indebtedness secured by ihis mortgage. SDOK24~ PACE 4~7 ~ ~ , - - ~ .x= ~ ~ ~ = ~ ~ : _ ; ~ ' z ~ ~ ~