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Home My WebLink About0048 _ - _ _ ~ . , _ - - t ` • . ~ at all ti,nespeaooabiy and quietly to enta upnn, lald, ax~~py and enjoy aad lxnd; that sald land Is free f~wu aU ~acumbranoes; that wiII n:ake wcb furthe~ as~xranoes w pa~fed tbe fes dmpb titk to said laad id tlie Association as ma reasonably t~c t req and t6nt tbey do bereby fdly w+~t+rat t~s titb to saki l~uxl ~d will defend tbe same agairut the ~wful cZaima of t all persons wbortu~oever, . _ ; PROVIDED ALWAYS dsat if tbe M g~gon shall well and ttulY I~Y ~ A~~~; evida~oed by that csrtain p~nLvory not~ of e~rea dste~~6arewitb, m~ds by the Mortg~g~m and payuble to thc Assoclatiaa, in the P~"~''['~~ i ~ _TWEN'T'Y rTINE_THOUSANA SIX_HLTNDRED_AND.NOj~00th$--_ 29~ 600..00 ~ _ .'!?a)lars . _ , . wh;ch ~ together wich tnter~tc chereon us therein sPecIfkci, is payablo ;n moathty inscallmenu of..~terest_ payments. ~ due.on Mar~h _20th~__ 1976,_. April_ 20th,. _1976i_ May._ 20th,.__19?6, and_ then.TWQ HUNllRED_ . ; ~ART~-THREE AND 3?/100ths-~-------a------------~--- - ; " - _ _ _ , . . ~ ~ -po~,~ 243.37 i on th~.-- z~----._~day af ~ach mo~th oomme~c~ing with_:...------~__.. •june 20th~ 19?~ __~_:__.._._____whicb paymcnts f pp e are to be u lied, first to intereat, an3 tha balance to~p~rindpal, untll said ind6btedness lt paia iie full, and rhaII - with and abide by esdc and every the atipulations, agreements„ coaditions and caveaanta of said ~y n~aRe -and~ mori8a$0. And. ind~ding any advanoes made by the Associatloa to the Mortgagors, ac their swx~ssors in titW, for ar~y p~upoae, at- any time before tba releaae and ca~usliation of thia mortgage, but at no time shall tiiis moctgage secime advanoes on account of satd original note togetLer .vith such add~tional advances in a s~un in esce.ss of TWENTY IQINE TSOLTSAND ~ SIX HITNDRT~D AND N4 IOOths--------------~~ (i---29,_600. 00__j, F~. ~Y a~~ ~~Y ~ _ _L_._________._._______. to protect the security and costs, then thts deed and the estatc hereby created shell cease and ba null an3 void. ~ AN~ THS MORTGACORS DO hereby cvvenant and agree: ' ~ 1. To pay all and s~gutar the principal and iat~st and other suins of money p~yable by virhie of said ~arnis9ory note and this mortgage, or ~th~, promptly on ihe da~^s respectively the same seve~ally oome due. 2. To pay aIl and smgular the ta~ces, ~ts, Igvies, liabilitiesy oLtigations and incumbranees of every nature and kjnd now on said described propecty, or that heresfter may be a~~ sufferEd, placed, kvied, or ass~sed `th~ean. or tbat he~reaftec may be levkd~ ar a~ssed npon tLis Mortgage, or the m ess secured hereby, cach and every, when due and ~payable, aocac~ding M la~v, beforo t~y become delinquent, and before any interest attaches or anypen alty is ~currEd; and insofar os - any thereof is of record the same sliall be P~PUY satisfied and discharged of ~oord and the original offidal document (such ss, fa instance, the ta: receipt or the satisfactian paper offiriaAy enslorsed or certified) shall be placed in the hands of said Associatio~n as ~fortgagee withit? ten davs next after payment; and in the ever?t that any thereof is not paid~ sati4f:ed and dischaiged, ' said Assoriation may at any tane pay the same or any part thereof withaut waiving or affec~ting any option, lien, equity or right under ac by virtue of this !liortgage, and the futl amouut of each and every such payment shali be i~mediately due andpa yable - and shalt bear interest fr~n die r~te thereof untit paid at t~~e rate stated in the note securecl Lereb~ and together with such inter- est shaA be secured by the lien of this Mortgage, - 3. To keep ehe bui~ings an@ all equipmenc and pononal propa~ty norv or hereaEter on saici premisa ooverai bp this mortgage. iruured in a sum cqual to ac lraac tht amount of the mortgage, o; an a~nt sufiicitnt W aompl~ ~rith wy co-insuianoe requino- ment ouverii?g che same unda the laws oE the S~ate oE Fl~rida, ~rcring loss irom both tire and stocm. awkiog the laa nreder said policia. each and every. parable to the .~ssociation. as mortgagtq as its interest may .spptar, u~d said insurance shall be in a~goa! ~ an~ raponsibk insura~ce companr satis[actory co said Association, and writeen by a respon:ibla local age~t satisfacwry to said As~o. ciation; and the poiicy; or policies ahall bear a sund~rd mongage clause without oonvibution, and, it the original prinapal amount of the mo*tgage u Fitty Thousand and no/100 Dollats (f50.000.00) or in exce~s thereof. shall be hdd by tht Anociation. and, ~n che event any aam of monry becomes payable under such policy or policiea, the Associatioa shall have the option to reteive and apply the same on acoount oE the indebtednas hereby secured, or to permit the mortgagors W reoeive and use it, or aa' part thenof, for other purposes, without-thereby waiving or impairing any cquitr. lien, or right under ansl,by virtue af this mortgage, and ma~ place and pay for :uch insurance, or any part thereoE, wichouc waiving or aEEeccing ia opcion co torerlose, or any right hatundtr, and the ful! amount of each and evtry such papment ihall be immediacely due and-papbk and shall beu interat h+um t6e date ehereoF until paid ac che nee staccd in the noce secured he:cbY and wgether vri~h such inte~est ~all be secured by the lien of thi: 1?iortgage. _ . 4. To permit, commit, or suffer no waste, impairment or :deterioration of said pmpert~~, or as~y part ther+eof~ and upon the failnro of th~: mortgagors M keep the bnildings on said property in good condition of repair, the Association may demand the immediate repai? of said buitdings or the immediate ~ayment of ti~a debt hereby seceued, and the fa~7ure of the mortgagors to eompl~y lviih said clemand of the Associition far a period of Thirty (30) days, s~all constitute z breach of this mortgage, and, at the option of the AssociaHon, immediatel}• mature the entire -amount of pr[ncipal and interest hereby secured, and the Association, immediaMly and without notice, may institute pmceedin;s to foreclase th~ mortgage and apply for the appointment of a Receiver, as hereinaker providerl, _ _ 5. This mortgage cflntracc ~xovides for a~3ditional advances which may be made at the optian of the aswciati~n and sec~med by 1~s mortgage, and it is agrc~d that in tbe evea! of sueh advanee~ tbe amount may be added to the mortgage debt ~nci shall inrrr~se the unpa;d balance of the note hereby sectued by ±he amount of s~ch advance and sha11 be a part of said note indebtedness under all the tenns of said note and this contract as fiiliy as if a new such note and contract were exec~ted ~ and delivsred, M additional advance agreement may be given and aceepted for such advanc~e and provisioa may be made for clifferent monthly paymenis and a different interest rate snd otherespr~ modifirations nf fhe contract, but in all other respects ihis contrzd shzll reTnain in full foroe and effect as to said iadebt ned ess, including all advan~,~es. 8. If any of tbe sums of mo~ney herein referred to be not pr~omptly "and fully p~id within Ti~irty -(30) days next after the same severally come due and payable~ or if each and evcry the stipulations, agreemen~ ronditiom, and covenants of said pramissory note and this deed, or either, ure not duiy perfinrm~d, complied w,ith and abided by, the aggireegate sum menHa~ned in said promissory• note and any ot~r amount or amoimts added to tbe mortgage indebtedress under the t~ns of this mortgage sball bernme due ar,d pa«hle forthvrith ~x thcreafter at the option of tbe Association, as fully a~xl completely as if said aggregate sum of money was originally stipulated to be paid on s~h day, anythir~g in cairl promissory note ~r herein to the cbntary not- witlut~nding. _ To deUver to the Auociation, on or before March 15th, of each year~ tax receipb ev-idea~ing the psyment of aq lav?- fully im~~ tases far tbe prececting ralendar year; to delivc~ to the ILssoctation reoeipts evide~cing the payment of aU liens for puhttc ~nprov b within nir~y (fi0) days aiter cbe same ~ii heco~ J~: ~d p~rai,tc, uud to pay ar di~chsuge within ninety (90) ad ys a~lte~r dae date, any and all govemmental levies that may be made on the mortga8ed property, on this mortgage o~ note, or in any ot}~er vvay resulting from the mortgage indebtednc~ss secured by this morigage. , - ~ ~8 ~ e . -r .,~"F"~s;~~ ~ _ .~.t~~ . = ~ - • . ~ "s.~-r~.,'e _ ~~~x..~. :