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Home My WebLink About0208 at all times peaceably and quietly to enter u~wn, }x~ld, cxrupy und cnj~~y s:iid land; that s:~id lanJ is fnti. from all encumbrruccs; that they will make such further assuranees to perfect the fee simple title to said land in the Aswciution as tnaV nasonably ix• rec~uired; and that they do hereby fully warrant the tido to said land and ~vill dc(end the sume against thc la«•(ul claims of :~ll ~~ersons ~~~hurnsa ver, PROVIDED AL~VAYS that if the \iart~agurs shuil ~ve11 and lndy jkiy untu dic asux•iation, the Ul(It'I)ttY~llt'SS rvidenctxl b~~ tl~ut certain promissory note, of even date hecewith, made b~ the !~tortgag~~rs and Ix~~~:~1~1e ta the Asuxiation, in th~~ jxinci~~al ? OUO.UU .um of SEVEN THOUSAND AND NO/100ths--------- 1)oll:?rs (S ~ .vhich note, together ~vith interest therc~n as thcrcin specifieci, is p:~~•able in munthlv instalhnents of SIXTY-TWO AND 99/100ths---------------------------------------------------------------- _ 1~llars ;S 62.99 . on the 20th_ day uf each month a~mmenciug with J21T1U1Y'y_ZO~ 19?s__ __which payments - - - - are to be :?pplied, first to interest, and the balance to principal, until said indebtedness is paid in full, and shall perform, rnmply ~~~ith and :?bide by each and every the stipulations, agmements, conditions .and covenants of said promissory note and this mortgage, And, including any advances made by the Association to the Mortgagors, or their successors in tide, for any purpose, at anv time beFore the relrase and cancellation of this mortgage, hut at no time shall thi~s mortgage secure advxnces on account of said original note together with such additiona) advances in a swn in e~cess of___SEVEN 1'HOUSAND AND NO~ 1.QQfi,~:1S.- - - - - - - - - - - - - - - - -flollars ( S 7~ QQQ. 00 . _ plus any advances necess:?~• to protect the security a~id costs, then this dced and the estate herebv crcated sh:~ll cease and be null and void. AND THE :~fORTGAGORS DO hereby cvvenant and agree: 1. To pay all and singulac the principal and interest and other sums of money ~ra~•able by virtue of said prumissorv nutc .~nd this mortgage, or either, promptly on the da~~s respectively the same u~verally come due, 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of everv nature and kind nrnv on said dc~scribed property, or that here:ifter may be imposed, suffered~ placed, levieci, or assessed thereon,~or that hereafter may be levied or assessccl upon this ~tortgage, or the indebtedness securecl hemby, r.tch and every, when due and pay:?ble, .~crorciing to 1a~v, bcEore thcy become delinquent, and before auy interest attaches or anv penalty is incurred; and insofar as .?ny thereoE is of record the same shall be prompdy satisfiecE and disrhargecl of rccord and the original official document (suc}~ ~s, for instance, the tax receipt or the satisfaction paper officially endorsed or certifieci) shall be placed in the hands of said :~ssociation as ~lort~a~ee H~thin ten days next after payment; and in ihe event that an~~ thereof is not paid, satisfiecl and dischargecl, said Assoc:ation may at any time pay the same or any part thercof ~vithout w.?iving or affecting any option, lien, equih~ or right ~mder or by virtue of this \tortgage, and the full amount of each and every such payment shall b~ immediately due andpa }'zble .ind shall bear interest fmm the ciate thereoE until paid at the rate stated in the note secured hereb~- aud to~ether with such inter- est shall be securecl by the lien of ihis hiortgage. 3. To keep the buildings and all equipment and personal property now or hemafcer on said premises covered by this mortgage, insured in a sum equal to at least the amount oE the mortgage, or an amount suf[icient to comply with any co-insnrance require- ment covering the same under the laws of the S[ate of Florida. co~ering loss (rom both fire and storm, making the lcss under said policies, each and e~-ery, payable to the Association. as mortgagee, as its interest may appear, and said i~uurance shall be in a goocl and responsible i~surance company satisEactory to said Association, and written by a responsible local agent satisfactory to said Asso- ~ ciation: and the policy or policies shall bear a standard mortgage clause wiehout contribution, and, if the original principal amount I of the mongage is Fi(ty Thousand and no/ IOU I~Ilars ($50.0(lQ.00) or iu excess thereo[. shall be held by the Association, and, in ; the eeen[ any sum of money becomes payable under such policy or policies, [he Association shall have the opcion to receive and apply ~ che same on account ot the indebtedness hereby secured, or co permit che mongagon to receive and use it, or any part thereof, for i other purposes, without thereby wai~•ing or impairing any equity, lien, or right under and by vinue o( this mortgage, and may ~ place and pay for such insurance, or any part themo(, wiehout wai~•ing ~r af[ecting iu option to toredose, or any right hereunder, and the full amount o[ each and e~•ery such payment shall be immecliately due and payable and shall bear interest [rom the date ~ therro[ until paid at the rate stated in the note secured hereby and together with such interest shall be secured by the lien oE this ` ~tortgage. € ~ -1. To permit, cc:mmit, or suffer no waste, impairment or deterioration of s:,id propert~-, or any part thereof, and u~n ~ the failuro of the mortgagors to keep the buildings on said prc~pert~• in gaxl condition of repair, the Association may demand thc immediatc re~ir of s~?id bu;Win ;s or the immediate repavment oE the debt hereb~~ secured, and the failure af the mortgagors to comply o~ith said demand of the rlssociation for a period of Thirty (30) days, shall constitute a breach of this mortgage, and, at thc option of the Association, immediat~h• mature the entire amoant of princi~l and interest herebv secured, and the .-lssociation, immediately and ~vithout notice, mav institute procceriin~s t~ foreclose this mort~a~e and applv for the appointment ~ ~f a Recei~~er, as hereinafter pmvided. ~ ~ S. This mortgage contract provides for additionat advances ~~~hich ~nay be made at the option of the association and ~ ~ecured by this mortgage, and it is agreed that in the event of such advances the amount may be adde.l to the mortgage debt ~ :tnd shall increase the unpaid balance of the note hereby secured by the amount of such advance and shall be a~~rt of said ~ note indebteclness imder all the terms of said note and this contract as fully as if a new such note and contract .cere executeu and delivered. An adclitional advance agreement may be gi~-en and accepted for such advance and provision iua~• be made for clifferent monthh• pa~•ments : nd a different interest rate and other e~press modifications of the contr.~ct, but in all other respccts ' $ ihis contract shall remain in full force and effect as to said indebtedness. including all advances. ~ 8. If an~• of the sums of muney herein reEerred to be not promptly and fullv paid ~cithin Thirty (30) days next aFtcr ~ the same severally rnme d~e and payable, or if each and every the stipulations, aorcemcnt, conditions, and rovenants of said ~ promissory note and this deed, or either, are not dtily performed, complied with and abided by, the aggregate sum mentioned ~ in said promissory note and any other amount or amounts added to the mortgage indebtedness under the tetms of this mortgagc ~ shall become due and pa~~lble forthwith or thcreafter at the option of the Asso:.iation, as fully and completely as iE said aggregat~ ~ sum of money was originally stipulated to be paid on such dav, an~~thing in said promis.~ry note or herein to the contrarv not- ~ ~~•it}utanding. ~ 7. To deliver to the Association, on or before ~larch lith, of each y-ear, tax receipts evidencing the pay~rnent of all 1a~~-- fully imposed tazes for the preceding c:ilendar year; to deliver to the Association receipts evidencing the payment of all liens for public improvements within ninety (90) days after the same shall become due and payable, and to pay or d'ucharge within ~ ninety (90) da~~s after due date, an~~ and all governmental levies that may be made on the mortgaQed pmpertv, un this mortRa~Ge ~ ~r note, or in any other way resultin~ from the mnrtgage indebteclness secared by this moriga~e. ~ , ~ ! - ~ j' ' . J ~ ~ ~ ~ - ~ ~ ~'Y.,~. . ..aa _ .__r ~ . _ _