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Home My WebLink About0168 at aU times ~c:~crsbly ar~d quietly to enter u~n, }wld, cxrupy und cuj~~y sa~d land; that said lund is frcti; from all encumbrancc~s; that they wil! make such further asstuance.t to pe~fect the fee simple tille to said land i~ the Association as mav m.?sonably lx required; and thnt they do hereby fully watrant the tide to saici land and ~vill defend the same against thc lawfu) claims of all persoiu ~~~homsoever. - - PROVIDED AL~VAYS that iF the \turtg.~gurs shull ~~~eU and tn~ly pay unto d~c ~swciation, thc indebtedness evidenc~ecl by that cerlai~ promissory note, of even date herewith, made bv the ~to~tgagors nncl pav:?hle to the Asscxiation, in thc~ prinei~~:~l s?~m oi TWENTY SEVEN THOUSAND TWO HtTNDRED AND NO/100th ~S 27~ 200.001, which note, tagether ~~-ith interest therc~,n :is therein specifieci, is p:i~~able in monthiv installments uf TWO iiUNDRED TWENTY THREE AND 63/100ths------------------------------------------------ _ . . _ _ _ t~,ll~n ~g 223. 63 _ on the 19~_ day of each ~~~onch n~~~~~~~~~?~~g ..~ch __.December_ 19,_ 1975 which payments :ire to be :?pplic~cl, first to interest, and the balance to principal, until said indebtedness is paid in fu11, and shall pe~form, eomply ~~•ith and abide by each and every thc stipulations, agreements, conditio~u und covenants of said promicsory note and t7~ic • mortgage, And, including any adv~nces made by the Association to the \lortgagors, os their successors in title, for any purpose, at anv time before the mlease and r•?ncellation oE this mortga~e, but at no time shalt this mortgage secure advances on account of said ori~inal note together ~vith sach aclditio~ial ach•ances in a sum in excess of._..TWENZ'Y SEVEN THOUSAND TWO.HUNDRED_AND.NO/_100ths---_--_-_------Dollars (S 27~ 200..00._ pl?u any adva~~ces necess:m• to protect the seeurity and costs, then this deed and the estate hemb~• createcl s6,i11 cease and be n~~l) and void. AND THE ~tORTGAGORS DO hcreby cuvenant and agmc:: 1. To pay all and singular the principal and interest and other sums of money p:?~•able by ~•iriue of said promisson• notc :~nd this mortgage, or cither, prompdti~ on the da}~s respectively the same ~everally come due. ~ To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of even nature and kind no~~• ~~n wiicl dc~scribed property, or that hereafter mav be imposed, suffered, placed, levied, or asscssed thereon, or that hemafter i ma~• be le~~icci or assessed u~n this \tortgage, or the indebtedness securecl hereb}•, cach and e~•erv, when due and payablc, accorclu~g to la~v, before they berome clelinquent, and before any interest attaches ~~r :?nv penalty ~is incumed; and- insofar as .?ny thereof is of record the same shall be promptly satisfied and diuhar~ect of record and the original official document (surh as, for iaatanee, the tar reeeipt or the s:itisfaMion pa~r offieiall~• endorsecl c~r certifiecl) shall be plaeecl in the hands of said Associatian as ~fort~agee ~~~thin ten d:?~~s next aEter pa~•me~t; and in the e~~ent that any thereof is not paid, satisfied and dischargecl, ~ ~aid Association may at an~~ time p:»• thc same or any part thereof ~~~thout ~vaiving or affecting any option, lien, ec{uih~ or right iinder or b~~ ~~rtue of this \fortgage, and the full amuunt of each and cvery such payment shall be immediately due a~idpa yable a~nd shall bear interest from the date thereoE until paid at the rate stated in the note scrurec) hereb~• and t~ether ~~•ith such inter- ~st shall l~e srYUred bti~ the lien of this \tortgage. ; 3. To keep the buiWiny,s and all eyuipment and personal property now or herea[ter on said premises covered by thu mortgage, insured in a sum equal to at least the amount of the mortgage, or an amount sut(icient to comply with any co-insurance require- meut covering thc same under the law^s of the State ot Florida, co~~eri~eg loss (rom both [ire and stotm, making the loss under said policies, each and e~~cry, payablc to the Associatiou, as mortgagee, as its interest may appear, and said insurance shall be in a good and responsiblr insurauce company satis[acton• ~o said _~ssociation, and Mritten t~y a responsibte local agent satis[actory to said Asso- ; ~ ciation: aud the policy or polieies shall bear a st.u~dard moregage clauu Mi~hout coneribution, and, if the oriRinal principal amount o[ the mortKatie is Ei(t}' Thousaod and no ~ I IN? Dollan (550.000.00) or in excess thereof, shall be held by the Association, and, in the rcent any sum o( money becomes payablr under such policy or policies, the Association shall ha~•e the option to recei~•e and apply ~I the same on account of the indebteclness hereb}• secured, or to permit tl?e mortgagort to receiee and use it, or any part thereoE, for ~ other pur},oses, without thereby MaicinK or impairing any rquity, lien, or right under and by ~~inue of this mortgage, and may ; ~ place and pay tor weh insurance, or au~~ part tt?rreof, without wriciug or atfecting its option to (omclose, or any right hemunder, = and thc full amount o[ each a~id e~•en• such pa~ment shall be immecliatrly due and payable and shal) bear interest from the date ~ ~ therro( until paid at the rate stateci in the note secured hereby and toged~er with such interest shall be secured by the lien of this ' ~ ~tortgage. _ ~ -1. To permit, cc:mmit, or suffer no ~~•aste, im~~airment or deteriur.ition of said propert~-, or any part thereof, and u~wn tl~e failure of the mortfi:+fiors to kc~ep the buildings on said propert~• in gcxxi condition of repair, the Association may demand the irnmc~cliatr repair of said bu:Idin,R,s or the imm~Yliate repa~~nent of the debt hereb~• s~rured, ancl the failure of the mortgagors to rnmplv ~eith said demand of the Association for ci ~eriai o[ Thirty (30) ~l:i~•s, shall constitut:~a breach of this mortga~e, ~nd, at the option of the Association, immecliatrl~~ m;?ture the entire :im~~unt of princi~l and interest herebv secured, and the ~ .~scociation, immediately and ~vithout noticr, mav insNtute pracee~lin~s t~, foreclos~ this mortvlfie :?nd :ippl~~ for the appointment ~~f a Recei~•er, as hereinafter pm~~ide~l. ~ S. This mortgage contract provides for additiunal acivaurc•s ~~hich ma~~ be macie at t}?e uption c~f the association anci ~ cecured by this mort~age, and it is agreed that in the e~~ent of such aclr•ances the a:nount may be adde~l to the mortga~e debt ~ ~ :md shall increase the unpaid balance of the note hercby secured 6v ~he amount of such aclvance and sl~all be a part of said note indebt~dn~ss under all the terms of sai~i note and this contract c:s fully as if a new such noie and contract ~~~ere excrutecl ~ ,uid .leiivered. An additional advancr :I~i(CiT1C.•1~ mat• be gi~•~n and aceepted for sueh advanee ancl provision ma~• be made for _ ~ ciifferent monthl~• pa~•ments e.ncl a difFerent interest rate an:i other espress modifications of the contrac., but in all other respects ~ ~his contract shall remain in fiill force and efEect as•.tn said indebteclness. including all advances. ~ 6. If am• of the sums of muney herein referred to be not prompth~ and fulh~ paid ~cithin Thirty (30 j days next a[ter ~ ti~c same set'cr~lly <nme duc :?nd pat•able, or if r.~ch and every the stipalations, a~rcY~ment, conditions, and co~•enantr of ~:iid ` pmmis.sory note and this deed, or either, are not duly performcYl, complied «•ith and abided by, the aggregate sum mentionecl ~ ~ in said promicsor, notc and an~• other amount or amounts added to the mortgage indebteclne,s under the terms of this mortgage shall become due and par~ble forthwith or thcreaftcr at the option of ihe Asso^iation, as fullv and completely as if said ag~regat~• sum of monev ~~•as originally stipulatecl to be paid on such dav, an~-thin~ in said promissorv note or herein to thc~ cuntr~rv not- ~ ~~~thstanding. - . . . i. To deli~•cr to the Assuciation, on or before ~Iarch lith, of cach ~-ear, tax receipts evidencing the payment of all la~~•- ~ (ullv im~sed tax~~ for thc rrccedin~ c.~lend:~r ~•ear; to deli~•cr to the Association rec~ipts evidencing the pa ent of all liens ~ for~public improvements K•ithin ninety (90j da~•s after the same shaU hecome due and pa~•able, and t~ pay or discharge within ~ ninety (90) da~'S :1~~Ci (IUC date, an~~ and all ~o~~emmental levies that may be made on ihe mortgaQed property, on thic mortfiag~ nr not~, or in an~• othcr «•av resulting from thc~ mort~agc~ indel>tecine•ss scY•urc~d b~~ this mort~a~r. ~ - - 5 a Q ' y (j ; ~ ; f t~ ~ ~l~ K?~v. 3.`~ E~~~G~ ~ z - _ _ _ . . . i-~.~.