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Home My WebLink About0858 ~ ' at aU times pr~uoe~ably and quicdy to enter upon, hold, occupy und enj~~y su~d ldnJ; that s:?id laiiJ is iree ~from all encumbrances: i that they wiU malce such furthec assurat?oes tu perfect the fee dmple tide to said land in the Associution as mav masonably be ~ required; and t}'~at they do hereby fully wairant tha title to said land and ~~•ifl defend the s:?me ugainst the lawful claims of ~ all persons whomsoever, ; PROYIDED ALWAYS that if the ~lurtgugors shuA well and truly pay unto the Association, the indebteclness evidenced ~ by thut certain promissory note, of even date herewitb, made by the '~lortgagors and pay~ble to the Association, i~~ the principal ~ FOUR THOUSAND FIVE Hi1NDRED AND NO/100ths---------po~~~~ ~a 4, 500. 00 sumof_.._ _ . ~vhich note, together ~~zth interest thereon as therein specifiecl~ is p.i~•able in monthlv installments oE FIFTY SEVEN AND O1/100ths----------------------------------------------------------------- ~ ~ --------------------------------------------------------------pollars (s..5?.O1 . on ~e 20th ~y of each month cv~mmencing ~vith ApI'il._20th~._1976_. _ .__which payments sre to be applied. Eirst to interest, :u~d the balance to principal, until said inclebtedness is paid in fiill, and shall perform, c~ply with and abide by each and every the ~tigulations, agreements, conditions and rnvenanEs of said promissory note and th~s mortgage, And, including any advances made by the Association to the Mortgagon, or their successors in tivC, for any purpose, at anv time before the mlease and rancellation of this mortgage, but at no time shall this mortgage secure advances on account of said original note together with' such additional advunces in a sum in excess of_ FOUR THOUSANA FIVE HUNDRED AND NO/ 100ths---_---_---_---_------Dollars 4,_500._00____), p~~ ~y advances necessary - to protect the security and costs, then tbis deed and the estate hemby created shal) cease s?nd be null and void, AND THE 1110RTGAGORS DO hereby c~venant and agree: 1. To pay all and singular the principa1 and interest and other sums of money payable by virtue of said promissory note and this mortgage, or either, promptly on the days respectivelY the same severally come due. _ 2. To pay all and singular the taxes, asseuments, levies.liabilities, obligations and incumbrances of every natare and ldnd now on said described property, or that hereafter may be impos~ . sufEereci, placed, levied, or assessed thereon, or that hereaher may be levied or assessed upon thu 4tortgage, or the indebtednas secured hereb~~, cach and every, when due and payable, uecording to law, before they bccome delinquent, and before any interest attaches or any penalty is incurred; and incofar :u any thereof is of record the same sliall be promptly satisfied and disrhargecl of record and the original official document ( such as, for instance, the tax receipt or the satisfactian Iraper officially endorsed or certified) shall be placecl in the hands of said Association as ~iortgagee within ten days next after payment; and in the event that any thereof is not paid, satisfied and discharged, said Association may at any time pay the same or any part thereof ~vithout waiveng or affecting any option, lien, equity or right under or by virtue of this !1lurtgage, and the fuD amount of each and every such payment shall be immediately due andpa yable and sha11 bear interest from the date thereof until paid at the tate stated in the note secured hereby and together with such inier- est shall be secured by the lien of ihis Mortgage. 3. To keep the buildings and aU equipment and peisonal property now or henafter on aaid premisa covere3 br this mortgage. insured in a sum equal to at least the amount of the mortgage. or an amount sufficient w comply with any eo-insurance requirr- ~ ment covering the same under the lawa of the State o[ Florida, covering loss [rom both iire and storm, making the loss under ~id policies, each and every, payable to the Association, u mortgagee, aa its interest may appeu, and said insunnce shall be in a good and resporuible insurance company satisfactory to said Association, and written by a raponsible local agent satis[actory to taid As.~o- i ciation: and the policy or po3icies shall bear a standard mongage clause without contribution, and; if the original principal atnount ~ o[ the moregage is Fiitr Thousand and noJ100 Dollars (s50,000.00) or in excaa thereo[, shall be htld by the Association, and, in I the event any sum of money becomes payable under such policy or policies, the Association shaU have the option to receive and apply the same on account of the indebtedness hereby secured, or to permit the mortgagors to receive and use it, or any part thereof. for ~ other purposes, without thenby waiving or impairing anr equity, lien, or right under and br virtue of chis mortgage, and may ~ ~ place and pay [or such insunnce, or any part thereof, wichout waiving or attecting its option to forrclose, or any right hereunder. ~ and the full amount oE each and every such payment shall be itnmediately due and payable and shal! bear interest Erom the date thereoE until paid at the nte stated in the note secured hereby and together with such interest shall be secured by the lien of this ~ 1liortgage. ~ ~ 4. To permit, commit, or suff~r no waste, impairment or deterior.~tion of ~id propert}~, or any part thereof, and upon ' the failuro of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand tbe ? immediate repair of said bu;ldings or the immediate repaym?ent of the debt hereb~~ secured, and the failure of the mortgagors to comply with said demand of the Assoceation for a period of Thirty (30) days, sha11 constitute a breach of this modgage, ; 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 proceeclin~c to foreclose this mortgage and apph for the appointment ; of a Receiver, as hereinafter provided. f 5. This mortgage contract provides for addiGonrl advances w~hich may be made at the option of the association and secured by this mortgage. and it is agreed that in the event of such advances the amount may be addecl to the morigage debt and shall increase the unpaid balance of the note hereby secured by the amount of such advance and shall be a part of said note indebtedness under all the terms of said note and this contract as fully as if a new such note and contract ~•ere executecl and deliveral. An additional advance agreement may be given ancl accepted for such advance and ptovuion may be made for diFferent monthly payments and a different interest rate and other express modifications of the contract, bnt in all other respec~s ! ihis contrsct shall remain in full force and effect as to said indebtedness, including all advances. 6. If anv of the sums of money herein referred to be not promptly and fu11~ paid within Ti.;rty (30) days next after the same severally come due and payable, or if each and every the stipulat'wns, agrcement, cenditions, and covenants of said promissory note and this deed, or either, aze not duly performed, complieci with and abided by, the aggregate sum mentioned in said pmmissory note and any other amount or ainounis added to the mortgage indebtedness under the terms of this mortgage ; shall become due and pay3ble forthwith or thcreafter at the opdon of the Association, as fully and rnmpletely as if said aggregate # sum of money ~vas originaUy stipulated to be paid on such da~, anything in said promissory note or herein to the contrary not- ' withstanding. 7. To deliver to the Association, on or before ~larch l~th, of each year, tax receipts evidencing the payment of ap )aw•- ; fully im~ taxes for the preceding calendar year, to deliver to the Association receipts evidencing the payment of all liens ~ for pub ~l'c improvements K~thin ninety (90) days after the same shall hecome due and payable, and to pay or discharge within _ ninety (90) days after due date, any and all governmental lcvies that may be made on the mortgaged pmperly, on this mortgage nr note, or in any other way resulting fmm the mortgage indebtedness securecl by this mortga~e. ~ ~ ~ s:~~ ?5 _ r P V 8~ . ~ ~ ~ ~ . ~ .~~-,.z..~ ~ _ . ~