The URL can be used to link to this page

Home My WebLink About0049 S t r at all times peaceably and quicdy to enter upon, hold, c,crupy ar?d enjoy sacd Iand; that said land 'u frre from all encumUranccs; ' that they will make such further assurances to perfect the fee dmple tide to said land in the Association as may masonably be # required; and tlwt they do hereby fully warrant the tide to said land and ~vill deFend the same agairut the luw[ul claims of ~ al) pcrsons ~~•homscever. - , PItOVIDED ALWAYS that if the \iortgagors shall well And truly pay unto the Association, the indebtcdnrss evidenced by that certain promissory note, of even date herewith~ made by the !~lortgagors t~red pa~•able to the 4ssoc:iation, io the principal TWENTY EIGHT THOUSAND AND NO/ 100ths--------------- ~a 28,. 000, 00 sum of - - - ~vhich note, together with interest thereon. as therein specificcl, is p:?yable in monthly installments of ~terest payments due_on June.4,_ 1976, .July 4, .1976, August 4, 1976, September 4, 19?6, October 4, , 1976, Noyember 4, 1976 and then TWO HLINDRED THIRTY AND 21/_100ths------- . - - llars ( 0.21 no a-- 23- - - _ 4th December 4, 1976 W},;~, e~~ on the . - . day of each month cummeucing ~vith_ - PaYm are to be :~pplied, fint to interesi. and the balance to principal. until said indebtedness is paid in fuU, and shaII perform, oomply ~vith and abide by each and every the stipulations, agreements, conditions und rnvenants of said promissory note and this modgage, And, including any advances made by the Association to the Mortgagors, or their successors in tidC, for any purpose, at anv time b~fore the release and cancellation of this mortgage, but at no time shall this mortgage secure advances on account of s:iid originai note together ~vith such additional advances in a sum ii~ etcess of..z~ENTY EIGHT THOUSAND AND NO/100ths---------------------"-" 28 000.00 - - - - . . ...--.Dc~Ilars ~S - plut any advances necessary - to protect the security and costs, then this deed and the estate hemby createcl shall cease and be null and void. AND THE 11iOR1'GACORS DO hereby eovenant and agree: 1. To pay all and singular the principal and interest and other sums of money pa~~able by virtue of said promissory' note .~nd 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 cu~ umbrances of every nature and l:ind now on said described property, or that hereafter may be im , suffereci, placed, leviecl, or assessed thereon, or ihat hereaEter may be levied or assessed upon this ~iortgage, or the inde tedness secureci hereby, cach and every, when due and payablc, .,cconling to law, be~ore they become delinyuent, and before any interest attaches or anv penalty is incurred; and insofar as any thereof is of record the same shall be prompdy satisfied and discharged of record and the original official document (such 1s, for iastance, the tau receipt or the satisfaction paper officially endoned or certified) shall be placecl in the hands of said Association as ~tortgagee within ten days next after payment; and in the event that any thereof is not ~aid, satisfied and dischargecl, said Association may at any time pay the same or any part thereof ~vithout waiving or affecting any uption, lien, equitv or right i~nder or by virtue of this ~1ortg~ge, and the full amount of each and every such payment shall be immediately due andpa yable and shall bear interest from the date ihereoE until paid at the rate stated in the note securecl hereb~• and together ~~•ith such inter- c~st shall t~e secured by the lien of ihis biortgage. 3. To keep the buildings and all equipment anci personal property now or hereatter on said premises covered by this mortgage. insured in a sum equal to at least the amount o[ the mortgage, or an amount sufficient to comply with anr co-insunnce require- , ment covering the same under the laws o[ the Swte of Florida, covering loss [rom both tire and storm. making the loas under wid policies, each and e~ery, payable to the Associatiou, as mortgagce. as its interest may appear, and said insurance shall be in a good and responsible insurance company satisfactory to said Association, and written by a resporisibl+e local agent satisfactory to aaid Asso- ciation; and the policy or policies shall bear a srandanl mortgage dause without contribution, and, if the original principal amount of che mongage is Fi[cy Thousand and no/ 100 Dollan (j50,000.00) or in rxcess thereof, shall be held by the Association. and, in che event any sum o[ money becomes pa}•able under such policy or policies, the Association shall have the option to receive and apply i the same on accoune of the indebtedness hereby securecf, or eo permit the mongagors to receive and use it, oi any pan thereoE, for other purposc~s, without thereby wai~•inR or impairing any equity, lien, or right under and by vinue o[ this mortgage, and may place and pay [or such insurance, or anv part thereot, withouc wai~•ing or atfecting its option to toreclose, or any right hereunder, and the full amowu o[ each and every such payment shall be immediately due and payable and shaU bear interest from the date ehereo[ until paid at the rate stated in ehe no[e secured hereby and together with such interest shall be secured br the lien oE this • ~tortgage. ~ 4. To permit, commit, or suffer no waste, impairment or deterioration of s:~id gropert~•, or any part thereof, and upon E the failute of the mortgagors to keep the buildings on said property in_good condition of repair, the Association may demand the immediate repair of said bu:ldines or the immecliate repayment of the debt hereby seeurecl, anJ the failure of the mortgagors , ~ to comply ~vith said demand of thc Association for a peri«l of Thirty (30) days, shall constitute a breach of ihis mortgage, ~ and, at the 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~s to foreclose this mort~a~e and appl~• for the appointrnent s nf a Recei~•er, as hereinafter provide~i. s S. This mortgage contract provides for addition:~l advances ~vhich 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 added to the mortgage debt :+nd shall increase the unpaid balance of the note hereby secured by the amount of such advance and shall be a part of saicl note indebtedness under all the terms of said note and this contract as fully as if a new such note :u~d contract w•ere executecl :~nd rlelivered. An :?dditional advancc agreement may be given and accepted for such advance and provision ma}• be made for clifferent monthh• payments .^.nd a diffemnt interest rate and other express modifications of the contract, but in all other respec~s : this contract shall remain in full force and effect as to said indebteclness, induding all advances. ~ 6. If any of the sums of muney herein referred to be not promptly and fully paid ~~-ithin Thirty (30) days next after ihe same severally come clue and payable, or if each and every the stipulations, agrcement, conditions, and covenanis of said ; promissory note anJ this dced, or either, are not duly performed, complied with and abided by, lhe aggregate sum mentioned in said promi~csory note and anv other amount or amovnts added to the mortgage inclebtedness under the terms of this mortgage ; shall bc*come due and payable forthwith or thcreafter at the option of the Associatio.i, as fully and completely as if said aggregate ' sum of money ~vas originally stipulated to be paid on such dav, an~~thing in said pTOmissory note or herein to the cootrary not- ~ ~vit}utanding. - i. To deliver to the Ascociation, on or before ~farch lith, of each yrar, tax receipis evideocing the payment of all IaH•- ~ Fully im[~osed taxes for the preceding calendar year; to deliver to the Association receipts evidencing the payment of aU liens for public improvements w•ithin ninety (90j days aEter the same shall hecome due and payable, and to pay or discharge within ninety (90) da}~ after due date, an~~ and al) governmental levies that may be made on the mortgaQeci pmperty, on this mortj{a~e - or note, or in any other way resulting fmm the mortgage indebtedness securcci bv this mortgage. ~ ~ ~ 25? PA~ 49