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Home My WebLink About1842 at all timespeaoeQbly 4nd quietly to enter upon, hold, orcupY a~d er?joY s~d lund: that said land is froa from aU encumbranoes: that wiU make such fu~t}~r aswranoes ~u pafed tbe fee dmple titls to said land in the Aa~sociution as may reasonab}y be t~e~, do Lereby fuUy warrant die title to taid land aad will defend the sama against the law(ul claims of uU peiso~s whomsoever. PROVIDSD ALWAYS that if the Mortgagors shall weU and truly pay unto the Association, tLe indebtedness evide~wed by that cetmin pronaissory note. of evtn cLte he~ewitb. mac~° by the Mortgagon and pnyable to the AssociAtion, i~ the principal sum of TVYEI~ITY:~'.QITR THOILSAI~IL?_AN~?_I~I(21.1QII--_---_--------.---.--. Dotlars (i 24,_000.9Q which note, togecher with interest thereon ns therein sPeclfied, is puyable in monthly instaliments of OI1~E HUNDRED ~~T.FT~.-$E~..N. A~_ 32[~40---------------------_---_----_-------_------------------ - - - - - nollars (s-....1.~7. 3_~_ on the.-------14th----.day of each mauth commencing with-------.----_~~C~~t14,---~~~_.___--------------------__which paymenb are to be upplied, first to interest, and the balance to pa~inc3pal. until said indebtedness is paid ia full, and ahaD ptrfonmy coa~ply with and abide by each and every the stipulations~ agreements, conditions and oovenants of said ~+omi~so~y note and ttus mortgage, And, including any advances made by the Association to the Moitgagors, or their sua~ssors in tid~s, fo~ any ptupoae, at any time before the mlease and cancellatioa of this mortgage, but at no time shall this mortgage secare advances on account oE said original note together with such additional advances in a sum in eucess ~..T-SKEIIITY~-~~-~'t~~i AND NO/100-_-_.-_----_-----------------------nou~ (s.?4t_000._00----), pl~ ~y ad~~ - to protect the secvrity snd costs, thei? this deed and the estate hereby created shall cease and be null and void. AND THE I?iORTGAGORS DO hereby cvvenant and agree: 1. To pay all and singular the priacipal and interest and other sums of money payabk by virtue of said promissory note and this mortgage, or either, promptly on tfie days respectively the same severally come due. 2. To pay all and singulu the tases, a~menb. 1e'~'ies.liabilities, obligations and incvmbrauces of every nature and ldnd now on said described prnperty, or that hereafter may beL~, suffered, plaoed, levied, or ass~ed therean, or that hereafter may be levied or assessed upon this Mortgage, or tbe ec~ness secured hereby, cach and every, when due and payable, dccording to law, before they become delinquent, and before any interest attaches or anype nalty it incurred; and in~ofar us any thereof is of record the same shall be pmmPdY satisfied a'nd discharged of record and the original official document (such as, for instance, the tax receipt or the satisfaction paper officially enclorsed or certiEted) shall be placed in the hands of said Association as ~iortgagee within ten days neut after p~?yment; and in the event that aay thereof is not paid, satisfied und di~charged, said Association may at any time pay the same or any part thereof ~vithout waiving or af(ecting any option, lien, equity or ri t under or by virtue of this ~iortgage, and the full amount of each and every such payment shaU be immediately due andpa ya le and shall bear interest from the date thereof until paid at the rate stated in the note securecl hereby and together w-ith such inter- est shall be secured by the lien of this hiortgage. 3. To keep the buildings and all equipment and p~isonal property now or hereaiter on said premises covered by this mortgage. insured in a sum equal to ac leau the amount of the mortg+ge. or an amounc su[ticient to rnmplr ~rith any co-insuranoe require- ment oovering the same undrr th~ laws oE the Scate of Florida. covering loas from both fire and storm, making the loa under said policia. each and erery. payable to the Association. as mortgagee. as its interest may appear. and said insurance s1n11 be in a good ; and raponsible insunnce company satistaaory to said Association, and written by a tespo~uibk lonl agent satisEaccory to said Asso~ ! ciation; and the policy or policies shall bear a standard mortgage clause without oontribution. and. if the original prinapal amounc E ot the mongage is FiEcy Thousand and no/100 Dollan (j50.000.00) or in excas thereof.:hall be held by the Associition, aad, in ~ the event any sum oE monep becoma parable under such policy or policia, the Assodation shall 6ave the option w reteive and apply ~ che same on aco~unt of the indebtedness hereby secund, or to permic the mongagon co receivt and use it, or any pm theseof. for other pnrpoaes, without therebr waiving or impairing any equity, lien, or tight under aad by virtue oE thi~s mortgagr. and may ~ place and par for such insurance, or any part thereo[, without waiving or atfecting ia option to foreclose, or any right her~under. and the [ull amount oE each and every such payment shall be immediately due and payable and shall bear intetest from the date ~ chereoE unW paid at the nte stated in the note secured hereby and together with such interest shall be secured by the lien oE this bfortgage. ~1. To~e rmit, commit, or suffer no wazte, impairment or deteriorntion of said propert~•, or :my part thereof~ and upon the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand t6e immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors to oomply ~vith said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this modgage, and, at the option of the Association, immediately mature the entire amQUnt of principal and interest hereby secured, and the Association, immediately and without norice, may institute pmceedin;s ro foreclose this mortgage and applv for the appointment of a Receiver, as hereinafter provide~l. 5. This mottgage 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 shall increase the unpaid balance of ihe note hereby secured by the amount of such advance and shall be a part of raid note indebtedness under all the terms of said note and this contraM as fully as if a new such note and contraM were executed and delivered. M alditional advance agreement may be given and accepted for such advance and provision may be made for 5 ciifferent monthlv payments And a different interest rate and other eapress modifications of the contract, but ir? all other respec~s ~ ihis conhact shall remain in full force and effect as to said indebtedness, including all advances. 6. If any of the sums of maney herein referred to be not prompily and fully paid within Thirty (30) days next after the same severally come due and payable, or if eaeh and every the stipulations, ao eement, rnnditions, and covenants of said promissory note and this deed, or either, are not duly performed, complied with and abided by, the aggregate sum mentioned in said promissory note and any other amount or amounts added to tbe mortgage indebtedness under the terms of thLs mortgage shall become due and pa}~ble forthwith or thcreafter at the option of ihe Association, as fu11y 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 co~trary not- ~vithttanding. 7. To deliver to the Association, on or before !lfamh 15th, of each year, tax receipts evideacing the payment of all law•- fully impo~ed taxes for the prececling calendar year; to deliver to the Associatiai receipts evidencing the payment of aIl liens for pub~ic improvements within ninety (90) days aker the same shaU herome due and payable, and to pay or discharge within ninety (90) davs after due date, any and al) govemmental levies that may be made on the mortgaged property, on ihis mortgage or note, or in any other way resulting from the mortgage indebtednes.4 secured by this morigage. 6auK ~ PACE 1838 ~ ~ x = ~ ~ ~