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Home My WebLink About0857 ~ at aD times o~bly and quiedy to enter upon, hok1, occupy and enjoy said land; that safd ls?nd is free from all cc?cumbrances: ~tt~y ~~a1Ce se~h tu~h~ a~rw?oa ~o peifeet tbe fee dmpk title to said laad in the Association as may rP.usonably t~ required; ~nd that they do hereby fully warraat the title to said la~d and will defend the same against the luwful claims of all peisons wtwmsoever. PR~VIDED ALNAYS that if the Mortgagors shull weU and truly pay unto the Association, the indebtedness evIdenood by that certain promiaory note. of evei? data ~rewltb. mst~e by the Mortgagors and pawaLle io tt,~ Aa~:[ation,.in t}?e principa! sum of _.FOUR_THOUSAND AND.NO~l00ths-_-_----,--.---------------- ( 4, 000. 00. . "flollars a _ , which note, together with interest thereon as therein sPecified, is payable in monthly installments of F'I.FTY.. A~TI? _ . 68f100ths--------------------------------------.--.------_---~--------------------_ .~~~~~..~~~~~.~w~ww~~.~~~~~~~~~r~~~~~~~~~~~~~~~~..~~~~~w~~~~.~~~~~~~~~~~~~~~~~..~~~~~~.~ ~r~~~~~~~~~~r~~~~~~~~~~~~~~~~~~~~~~~~~~~~.~~~~~~~~~~`~~~w..~~~~~f1~,~~3~ do• v0 ; ~ ._._a~~~ ~ - + ~pth • • March 20th 1976 on the_----. -------,-------.day of each month cwmmencu~g wuh.___.. ---------------_--------------t---------------------.-------_._._which paymentt are to be ,?pplied, first to interest, and the balance to principa~l, until said indebtedness it paid in fiill, and shaII perfoim, oomo with and abide by each and every the stipulations, agreements, conditions and covenans of said promissory note and is morigage, Md, including any advances made by the Association to the Mortgagors, or their successors in tidr, for any purpose, at any Kme before the mlease and cancellation oE this mortgage, but at no time shall this mortgage secure advances an account of said original note together with such additional advances in a sum in e:c~ of. _THOUSAND AND__._____ NO/100ths-------------------------------- (i-----4 000. 00 P Y - • -Dollars lus an advances necessary . to pmtect the seciuity and costs, then. this deed and the estate hereby created shaU cease and be null and void. AND THE r~ORTGAGORS DO hereby cuvenant and agree: ' 1. To gay all and singWar the grincipa1 and intere.ct and other sums of money pay~able by virtue of said promissory note and this mortgage, or either, promptly on the days respectively the same severally cume due. 2. To pay all and singular the taxes, assessments, levies. liabilities, obligations and incumbrances of every nature and kind now on said described property, or that hereaEter may be imp~, suffered, placed, levied, or assessed thereon. or that hereafter may be levied or ass~ssed upon thic riortgage, or the indebtedoess secured hereby, each and every, when due and payable, 3ccording to law, before they become delinquent, and before any interest attaches or any penalty i4 incurrrd; and 'uuofar us any thereof is of record the same shall be pmmptly satisfied und discharged of reoord and the original of6cial document (such ss, for instance, the tax rece~pt oi' the satisfaction paper officially endorsed or certif'ied) shall be placed in the hands of said _ Associatia? as'.lfortgagee within ten days next after Yrsyment; and in the event that any thereof is not paid, satisfied und ciischarged, said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any option, lien, equity or ri t under or by virtue of this ~iortgage, and the full amount of each and every such payment shall be immediately due andpa ya le and shall bear interest from the date thereof unW paid at the rate stated in ihe note securecl hereb~• and together with such inter- est shall be secured by the lien of this l~iortgage, 3. To_ kcep the buildings and all equipment and personal property now or hereatter on said premises covered b~ this mortgage. insured in a sum equal to at leut che amount oE the mortgagc. or an amount sufficier.t to complr rvith any eo-insurana n~quirc- ment oovering the same under the laws oE [he State of Florida. covering loss fmm both fire and storm, making the lpss under said policies, each and every. payable ta the Association. as mortgagee, as its interest may appear, and said insunnce shall be in a good and raponsible insunnce company satisfaaory to said Association, and written by a responsible local agent satis[actory to aaid Asso- ~'t ciation; and the poli_ry or policia shail bear a standard mortgage dause without contribution, and. if the original prinapal amount I of the mongage is Fi[ty Thousand and no/ 100 Dollan (;50,000.00) or in euceas thenwf, shall be hdd by the Association. and, in E the event any sum oE money becomes payable under such policy or policies, the Association shall have the option to receive and apply ~ che same on acoounc of che indebeedness hereby secured, or to permit the mortgagon to receive and use it. or any pan t6ereof. for other purpose~a, without thereby waiving or impairing any equity, lien, or right under and by vinue oE this mortgage. and may ~ place and pay for such. inwrance, or anr part thereof, without waiving or affecting iu option to forecloae, or any right hereunder. ~ and the fuil amount of each and every such payment shall be immediately due and payable and shall bear interest frnm the date ~ thereof until paid at the nte stated in the note secured hemby and together with such iaterat ahall be secured by the lien of this Mongage. ~ To rmit rommit or suffer no waste un ent or detecioration of said ro d or :m rt thereof and u n I'e ~ - ~ • ' the failure of the modgagors to keep ihe buildings.on ~~cl property in good condition of rej~ia~r ~the Associ~ation may~demand ihe immediate repair oE said buildings or the immediate repayment of the debt hereby secured, and the failure of the modgagors to comply ~vith said demand of the Association for a period of Thirty (30) days, shall constitute a breach of this mortgage, and, at thc option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the Association, immediately and without notice, may institute proceedin;s to foreclose this mortgage and appl~• for the appointment of a Receiver, as hereinaker provided. ~ 5. This mortgage contraet provides for additional advances w•hich may be made at the option of the association und secwred by this mortgage, and it is agreed that in the event of such advances the amount may be addecl to the modgage debt and shall inerease ti?e unpaid balance of the note hereby secured by the amount of such advance and shall be a part of said note indebtedness under all ihe terms of said note and this contraM as fully as if a new such note and contract w-ere executed und delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for ~ different monthlv pa~~ments and a different interesi rate and other express modifications of the contraM, bnt in all other respecGs ihis rontract shall remain in fall force and effect as to said indebtedness, including aii adwances. F 6. If any oE the nuns of maney herein referred to be not promptly and fully paid within Thirty (30) day~s next after ~ the same severally come due ~nd payable, or if eaeh and every the stipulations~ agrcement, conditions, and covenan~ uf said promissory note and ihis deed, or either, aze not duly performed, complied with and abided by, ihe aggre~ate sum menbioned k in s.::3 Yr~w iuosy note and any other amount or amounts added to the mortgage indebtedness under the terms of thi mortgage shall become due and pa~~ble forthwith or thereaftet ai the option of the Association, as fully 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 contrary nct- ~vithstanding. . ' To deliver to the Association, on or before Atarch 15th, of each year, tax receipts evidencing the payment of all laH~- Fedly imposed taaes for the prececling ralendar vear; to deliver to the Association receipts evidencing the payment of all liens f~r pubTic improvements within ninety (90) days after the same shall hecome due and payable, and to pay or ditcharge witbin f ninety (90) days after due date, any and all govemmental levies that may be made on the mortgaged property, on this mortgage s or note, or in any other way resuliing from the mortgage indebtednesc secured bv thu mortgage. ~ ~ ~49 _ ~ s ~ z _ ~ - ,v ,~.tia+o-~. ~ ~~.'s..~,i`;~