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Home My WebLink About0513 at all timcs jse:icrably and ~Juictly tu euter n~wn, hold, cxrupy und enj~~~~ saiJ land; thrt s:~id laud is fr~ti irwn all cucumbr:uic<.~s; that they will make such £utther assuranees to perfect the fee simple title to said land in the Aswciatiun as may rcasouably lx required; and that they do hereby fuUy wamant tht tide to saicl land and ~vill defend the sume ag.unst the la~~~f~d claims of all pcrsons ~rhomsoevcr. . , PROVIDED ALWAYS th:it if thc Alortgagurs shall ~vcll and tn~ly pay unto d~e Asuxiation, the indebtedness evidenced # by thut certnin promissory note, of even date herewith~ made by the ~lortgagors and p:ryable to the Associatioi~, in the princi~~.~l TWENTY THREE THOUSAND TWO HUNDRED AND NO/100th ~~,~~;«S 23, 200.00 . ? .um af . _ . ` ~.~hich note, together ~~7th interest thercon :u therein specifiecl, is p:?yablc in monthlv instalhnents of ONE HUNDRED NINETY AND ?5/100ths-----------,.----------------- _ _ _ noll~rs (S 190. 75 _ . on the . 16~ day of each month cummencing with ...J2~T1118~Y'y_1.6~_1J76_________.__.. ___.which payments . are to be uppl;ed, first to interest, and the balance to principal, until said indebtedness is paid in full, and shall perform, eomply ~~•ith and abide by each and every the stipulations, agmements, conditions und covenants of said promissory note and this mortgage, And, including any advances made by the Associatian to the ~{ortgagors, or their successors in tidc, for any purpose, at anv time before ihe release and cancellation of this mortgage, but at no time shall this mortgage secure advances on account ~ TWENTY THREE THOUSAND ~ of said original note together with'such additional advances in a sum in excess of..__._.__.__.__ _ TWO HUNDRED AND NO~ 100ths Dollars 2 3~ 200, 00 pl~u any advances necessan• - - - - - tc~ protect the security and costs, then this deecl and the estate hereby cre:~tecl sh.~ll cease and be null and void. ; t AND THE A10RTGAGORS DO hereby c~uvenant and agree: i. To pay all and singular the principal anJ interest and other sums of money payable by virtue of said prumissc,ry notc .~ncl this mortgage, or either, promptly on the days respectively the same severally come due. ~ 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described pmperty, or that hereafter may be imposed, suffered~ placecl, levied, or assessed thereon, or that hereafter inay be levied or assessecl upon this ;1lodgage, or the indebtedness secured hereby, cach and every, when due and payablc, ,~cconling to la~v, before they become delinquent, and before any interest attaches or anv penalty is incurred; and insofar as .tny thereof is ~f record the same shall be promptly satisfied and dischargecl of r~corcl and the original official document (such ~s. for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Association as ~tortgagee within ten days next a(ter pa?~ment; and in the event that any thereoF is not paid, satisfied and dischargecl, s3id Association may at any time pay the same or any part the~eof ~~tithout waiving or affecting any opti~n, lien, equity or right i~nder or by ~~rtue of this \lortgage, and d~e full amount of each and every such payment shall be im~necliately due andpa yable 4 and shall bear interest from the date thereof until paid at the rate stated in the note securecl hereb~• and together with such inter- ~ c~sc shall be securecl by the lien of ihis btortgage. 3. To keep the buildings and all equipment and personal property now or hereaEter on said premises covered by this morcgage, i:~sured in a sum equal to at least the amoun[ o( the mongage, ot an amount suEficient to comply with any co-insurance reqnire- mene covering the same under the laws of the Scate ot Florida, coveri~~g loss (rom both fire and storm, making the loss under said polecies, each and e~•ery, payable to the Association, as mortgagee, as its interest may appear, and said insurance shall be in a gaxl and responsible insurance company satistactory to said Association, and written by a responsible local agent satis(actory to said Asso- ~ ciation: and the policy or policies shall bear a standard mortgage dause without contribution, and, if the original principal a;nount ~ of the mortgage is Fi(ty "Thousand and no/ 100 Dollars (~50.000.00) or in excess thereol, shall be held by the Assotiation, and, in ~ elie e~•ent any sum of money becomes payable wider such policy or policies, the Association shatl have the option to receive and apply i tF~e same on accoune of the indebtednrss hereb~ secured, or to permie the mongagon to receive and use it, or any part thereoE, for ~ ocher purposes, wichout thereby wai~~inR or impairing any equity, lien, or right under and by virtue of this mortgage, and way place and pay for such insurance, ar any part thereot, without wai~•ing or af[ecting its option to [oreclose, or any right hereunder. :ind the full amount o[ each and e~•ery such payment shall be immediaeely due and payable and shap bear interest [mm the date thereof until paid at the race staeed in che note secumd hereby and together with such interest shaU be secured by the lien o[ this ~tortgage. ~ ~ 7'o permit, cczmmit, or suffer no ~vaste, impairment or deterioration of said proj~erii•, or any part ihereof, and upon : thc failaro of ihc mort~afiors to keep the bi?ildings on said propcrt}• in good condition of repair, the Association may demand the ; S immediate repair of said bu;ldings or the immediate repayment of the debt hereb}' sec:urecl, anel the failure of the mortgagors ' t~, comply ~vith said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage, > and, at the option of the Association, immediatelv mature the entire amount of principal and interest herebv secured, and the s .-lssociation, immediately and without notice, may insNtute procceclin~s t~ foreclose this mort~age and applv for the appointment Y ~~f a Recei~•er, as hereinafter provide~l. ~ S. This mortgage contract provides for adclitional advancr.s ~~•hich muy be made at the option of the association and ' secured by this mort~age, and it is agreed that in the event of such advances the amount may be added to the mortgage debt ~ ancl shall increase the unpaid balance of the note hereby secured by the amount of such advance and sh~ll be a part of said note indebtedness under all the terms af said note and thu contract as fully as iE a new such note and contraM .~•ere executed ~nd delivered. An addiGonal advance agreement ma~~ be given and accepted for such advanee and pmvision ma}' be made for ~ ~ ~lifferent monthlv pa~Tnents and a diFferent interest rate and other express modifications of the contract, but in all other respects ~ ~his contract shzll remain in full force and effect as to said indebtedness, including all advances. - ~ : ~ 6. If any of the sums of muney herein referred to be not promptly and fully iraid ~vithin Thirty {30) days next after tf~e same severally come due snd payable, or if each and every the stipulations, agrc~ement, conditions, and covenants of saicl ~ ~romissory note and this deed, or either, aze not duly performecl, complied with and abided by, the aggregate sum mentioned ~ ~ ;n said promissory note and any other amount or amounts added to the mortgage indebtedness under ihe terms of this mortgage s ~ shall beoome due and pav~ble forthwith or thcreafter at the option of the Association, as fully and completely as if said aggregate ~ sum of money ~vas originally stipulated to be paid on such day, anything in said promissory note or herein to the contrarv not- ~ ~~•ithttanding. ~ ~ s 7. To deli~~er to the Association, on or before ~larch lath, of each }'ear, tax recei~is evidencing Rhe payment of all Ia~~•- ~ hdly im~ taxes for the prececling r.Ylendar year; to deliver to the Association receipis evidencing the payment of all liens ~ for pub ic improvements w•ithin ninety (90) days after the same shall hecome due and ~ayable, and to pay or discharge within ~ ~ ,~inety (90) days after due date, an~• and all governmental levies that may be made on the mort~aged pmperty, on this mort~age # ~r note, er in any other way resultin~ from the mortgage indebtednes.~ secured bv this mortgage. ~ ~ ~ 7 , bi,,!( ~ # 1 t ~~J , ~ ~ z ~ - s~.,,.~ ~ ~ y _ ~ ~ } . _ _ . . ~.~~~r . _