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Home My WebLink About1635 ~ { i ~ i at all timesp~ ceably ~nd quietly to eatar upo0. ho3d, oocupY and cnjoy said lund; that satd land is free fro~n all encumb~s; that thei wiD make s~x~ further assuranoe~ ~o perfect tbe fee dmple titb to said taad in the Associatioa ~s may reasonably be ~quired; and th~t th,@y do bereby fuUy N,am~t tbe titb to said land and will defend the same against the lawful claims oE all persons whomsoever. PROVIDSD ALWATS that if the M agors shall well and tnily poy unto the Aswclation, tbe indabtedneu evlderwed by that ceitaia promissory note, oE even cLte d~. msde by tbe Mortgagors and payable to the Association, in the princiiml THIRTY S~ THOUSAND AND NO/100ths------------------- 36 000.00~. sum of - Dollars (i - - which noce, togecher wtch ~,~e~est ~hereon as therein aPecif~ed, is p~yabk in moac~ly tnscailmencs of. ~~rest paymente due on December 5,1975, Januar~_ 5,1978, Februar~r_5,19T6, March 5,1976, April 5, - - - 1976, May 5,19?6 and then TWO HUNDRED NIlJE TY FIVE AND 98 / 100ths - _ ~ - - - 295. 98 - - - --------~Dollars (i--------- ~ - ~ on the----...~~h--------.day of eacL moath commencing with-------_-_ ~~]~Ile_-~...1~-Z~---- which b are to be upplied, first to interest, and the balanoe to princapnl, until said indebtedness ia paid in fuD, and shall perforoo~,~o~ply with and abide by each and every tha stipulatioas, agreements, rnaditioas and ooveaants of said promiss~x~? iwte and ths mortgage, And. iucluding any advances made by the Association to the Matgagors, a~ their success~is in titles, for aay p~u~po~e. at any time before the release and cancellation of this ma~tgage, but at no time shall this mortgage secure advanoes on account of said original note together with snch additional advancrs ia a sum in eacess of_ T$~TY s~ T8O1~D AND NO 100ths-------------------------- 36 000.00 --Doltacs (i------~---'-------------_.), plus any advanc~es necessary to protect the security and oosts, then this deed and the estate hereby areated shall cease and be nall and v~oid. AND THE MORT'GAGORS DO hereby cvvenant and agree: I. To pay all and singular the p~incipal and iaterest and other sums of money payable by virtue of said promissory note and ihis mortgage, or either, promptly on tbe days respectively tLa same seve~ally come due. 2. To pay all and singulu tbe taae.s, a~ents, levies, liabilitiea, obligatiotu and incumbrances of every natare aad lrind now on said described ~x+npecty, or that hereaker map be imp suffered, placed, levied, or as~ed thezeoa, or that hereaker may be levied or asse~ed upon this Martgage, or the indeb ed~ness securecl hereby, each a~d every, when due and payabk, according to law. before tbey become deW~quent, and before any interest attaches or any penalty is incurr~d; and insofar us any thereof is of record the same sl?all be promptly satisEied and di9charged of record and the ori~nal official document (such as, for instance, tlie tax receipt or the satisfactmn paper officiaUy endorsed or certified) shatl be placed in the handi of said Association as lblortgagee within tea days next after payment; and in the event that any thereof is not paid, satisfied and dixharged, said Association muy at any time pay the same or any pait thereof withont waiving or affecMn' g any option, lien, equity or rig,~t j under ~ by virtue of tbis ~liortgage, and the full amount 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 secun~cl hereby and together with such inter- est shall be sec~u~ed by the lien of this Mortgage. 3. To keep the buiWings and all equipmenc and penonal property now on c~reaftrr on ~id premiaes coverod by th» mortgage, insured in a sum equal to at lease the amount of the a~ongage. or an amount suf[icient w aomply ~rith any ao-inturance require- ment aovering the same uader the iarvs oE the Stace of Florida, aovering loss [rom both Eire and stornn. mzking t6e loa under ~aid policia, each and every. payable w the Association, as mortgagce, as its interat may appear. and said insurance shall be in a g~ood and respoasible insunnce company utisEaaory co said Aswciation, and ~ritten by a raponsiblt local agent satis[acwrp to uid Asio- ciation; md the policy or policia shall beu a standard mortgage dause without oontribueian. aad, if [he original principai amount o[ the moregage is Fi[ty Thousand and no/ 100 Dollazs (:50.000.00) or in accas thereof. shall be hdd by the As~ociation, and, ia the event any sum of money becomes payable under such policy or policies, t6e Asaociation shall have the option w raeive and apply the same on acoount oE the indebtedneas hereby secured. or to permit the mongagors to receive and ux it, or any part thereoE, for ! other purposes, w+ithout thereby waiving or impairing any equity, lirn, or right under and by virtue of t6is mortgage. and may place and par tor wch insurance. or any part thereof, without waiving or aEtecting its option to [oracbse. or any right hereunder. i and the Euil amount of each and every such payment s6a11 be immediately due and payabk and shaU bear interat iram the date ( thereoE unW paid ae the nte stated in the note secured hereby and toge~her with such intcnat ahall be secund by the lien oE thi: ~ I?fortgage. 4. To permit, commit, or suffer no waste, impairment or deterioration of s:iid property, or any part thereof, and upon the failuro of thc mortgagors to keep the buildings on said p~perty in good rnndition of repair, the Association may demand the immediate repair of said buildings or the immediate repayment of the debt hereby scrured, and the failure of the mortgagors to rnmply writh said demand of the Associ.ltion for a period of Thirty (30) days, shall constitute a breach of this mortgage, and, at the option oE the Association, immediately mature the entire amount of principal and interest hereby secured, and the Association, immediately and without notice, may institute proceeclin;s to foreclose thu mortgage and applv for the appointrncnt of a Receiver, as hereinafter provideci. 5. This mortgage c~tract provides for additional advances which may be made at the option of the association and secured by this mortgage. and it is agcced that in the event of such advances the amount may be added to the mortgage debt and shall increase the unpaid balance oE t6e note hereby secured by the aawunt of such advance and sball be a part of said note indebtedness under all the terms of said note and this contraM az fully as if a new such note and oontraM were exeruted and delivered. M additionaJ advanoe agreement may be given and accepted for such advance and provision may be made for ciifferent monthlv payments and a different interest rate and othere~cpress modifications of tbe rnntraM, but in all other res~ects ihis contract shall remain in full force and effect as to said indebtedness, including all advances. 8. If any of the sums of money herein referred to be not promptly and fully paid within Thirty (30) days next aker 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, are not d~ily performed, complied with and abided by, the aggregate sum menti~ed in said promissory note and any other amount or amoants added to the mortgage indebtedness imder ibe terms of thit mortgage shall become due and payable fortbwith or ihcreafter at the option of the Association, as fiilly and completely as if said aggregate sum of maney was originally stipulated to be paid on such day, anything in said promissory note or herein to the conirary not- wit}~standing. 7. To deliver to the Assoeiation, on or before :1larch 15th, of each ye~ar, tax receipts evidencing the payment of all 1a~•- fully im~ taxes for the preceding calendsu year; to deliver to the As.cociation receipts evidencing the payment of all liens ~ for pub ~mprovements within ninety (90) days after the same shall hecome due and payable, and to pay or discharge within ninety (90) davs after due date, any and all governmental levies that may be made on the mortgaged property, on this mortgage or note, or in any other way msulting from the mortgage indebtedness sc~:~red by this mortgage. ~ 6CGK ~ ~ " ~ ~45 F~~E1631 ~ ~ ~ _ ~3 - - - - - ~ _ - ; a.. - . _.r ~ _ ~ -