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Home My WebLink About0009 . ` :~t all times jx•acrably tuid qttiedy to enter u~wn, I~uld, uerupy +uul i~nj~>y w~ul Lu~d; th:d s:~id lae~d is Int~ fran all eneun?brancrs; that they wilt ~nake such further assurances to pc7fect the fee simple title to suid land in the Assuriation as mav rcasuuably Ix• rrc~ui~ecl; and that they do heraby fully warrant the title to saici l:u?d and ~~~ill defend iF~o same• :~gainst the la~~•fu) cluims t~[ , .;ll ~x nun~ ~~•homsoevcr. PRn\'ll)FD AL~~'Al'S lhut if ihe \lort~:~~;urs sl~all ~~•ell and tndy ~xiy ~tnto the Ass~x•i:?tion, thr indrE~tcclness c~~ide~~cetl . h~• that crrtain promissory »ote, of even date herewith, made bv the \ic~rtgugors and ji;~~:~t,;c• to t1?e A~+<K•iatiun, in th~• prinrip:~l , .~~rn o( TwENTY FOUR THOUSAND AND NO/100ths----------------~~;,i~;,~, ~S 24, 000. 00 ~ ~~hich note, tu~Gether ~~•i~h interest thercrm ac th~min specified, is p:~~•:~bl~• in ~nuntt~lv install~raents uf interest payments due on August 20, 1976, September 20, 1976, October 20, 1976 and then ONE HUNDRED ' NINETY SEVEN AND 32/lOQths-------------------------------------------------- ~?I~ars(s 197.32 ~m thc 2~h cL~y of each mvnth (Y)RUl1tOCitie ~~~ith November 20th, 1976 w•,._b, ~aymentc < .~rc tv t~e :ipplied, first to interest, and the balance to principal, until said indcbtcciness is paid in full, and shail perform, eomply .~~ith and abide by each and every tl~c stipulations, agmements, conditions and an•enants of saicl 1~romlSSOrV note and thi~ :iwrtgage, And, including :tny advances made bv the Ass~ciatien to the .LlortgaRors, or their succc~ssors in title, for an}~ PuT~'~'~ :~t anv time before the mlease and r.?ncellatiun ~of lhis mortgaKe, but at no time shall this mottgage secure advances on acrnunt ~~E .aid ori~inal uote toaether ~vith .urh additional advanci~s in a~um in excrss of _T~'~ENTY I~,OUR THOUSAND - - - - - AND NOIl00ths--------------------------- ~~~.i~ ~g 24, 000. 00 ~l~u anv advauces uecessar~• r~~ prutect the security and costs, then this deecl and the estate hereb~• crcatc~l slr~ll cea~e and l~e null and ~~oid. A~D THF. \fORTGACORS DO hcreby c~~•cnant and agrcc: ~ ' I. To ~ay all and sinbular the principa! anc! interest and uther sums of money payable b~• virtue of suirl prumisson• nutc ~nc! thes mortgage, ur cither, prumptly on the da~•s respecti~•ely the same se~~erally come doe. To pay~ al) and singedar the taxes, assessments, levies, liabilities, obligatiuns and incumbranrcx of evrr~~ nature and kind n~,»~ ou x~id d~~cri}x~cl propert~•, or that here.ifter mav be imposed, suffered, plared, levird, or assessc~cl thereim, ur that hereafter ~na~• be lr~'icYl or assessed ujwn tliis \tortgage, or the indebteclness secured Lemb~•, rach anct e~~ery, a•hen due xnd ~>a~•ab1e, .:ecordin~, to la«~, 1x•(orc they l~ec~me cleline~nent, and l~efore am• interest attaehes or :int• penalty is ineurred; and i».sofar a, ~n: thereof is of receird the same shall 1x• promptl~• xitisficcl and disrh:us;ed of r:cv>rd :md ihc• originui oificial document (such ~s, for instance, the taX recc•ipt or the satisfaction paper officiall~• endorse~l or certifiE~cl) ,h~i1) be plamd in the hands of saici \ssociatinn :~s \Iortga~ee ~~ithin ten davs next after pa~-ment; ancl in tl?c e~~cnt that anv the~cY?f is uot jr.~id, satisficd and dischar~tY), .aid A~axiation mav at am• time ~xi~• tiie tiame or any part tlirreof u-ithuut ~saivinfi csr aff~•rting ant• uptic~n, lict~, ~Yiuit~- or rifiht under or In• ~~irtue tsf this ~lort~~.i~e, and tLe Gill amuuut of r.~ch and even• such psyment sl~all lx• ~immediate~lv duc a~~d pa~:ihl~ .~nd shall Ix~ar intere~t frum the date thereof ~u?til ~;aid at th~• rate• st:?tecl in th~~ uote sc~•~~recl iierrb~ :~nd tot~ett~<~r ~~~iti? surh inte~~- <~~t shali be s~~c•ured by the licn oF this ~lort~:~ge. 3. To keep the buildi~~Rs and all cyuipmcnt and pcrsonal property now un c~rca[tcr on said premises co~•ered by this mortgage. insurcYl in a~um equal to at ieast the amouot oi the ntortKaRe, at an ~moa+it su(ficient to comply with any co-insurance reyuire- u,rnt corrri~~~ the same under thc laws ot che Statr of Florida, co~~rriu~ lo~c (rom Iwth [ire aad storm, making the loss under said ~~~~iicies, each anii e~~n•. pa~able to the .~ssociation. :u mort~{agee, ac its intrrest may a4~pear, aud said insurance shall be in a goal .~nd tesponsiblr insurance con?}?~ny satislauon• to taid ~\ssociation, aud w•ritten by a rrsponsible locat agent satis(actory to said ~sso- c iation: and the Wlic~• ur poli~ies shall Ir_•ar sr.u+dard mortgaRe clause H~ithout contribution, and, i( the oriKiual principal amount ~~i thr mortgaKe i~ Fi(tr "l~housand aucl no' I~NI 1)~Ilars (S50,WO.fN1~ or in excess thereof, shall be held by the Association, and, in , .hr r~ent at~y~ sum oi moue~ tx•comr; ~?acablr in~der such ~wlic}' or E~lieirs, the Associatiot? shall ha~~e the option to receive and apply ihe• same on account ot the indrbte~lnrss herrbc seci~rc~ei, or to permit thr mortKaKors to recei~~e and iue it, or ~riy part theteof, for . ~~tlirr purposrs, without II?ifll)t' Kdltl/1}~ or imp~irii~k any~ ry~it~~, lirn, or riRht under and by ~•inur oF this mortgage, and may f,l.ue :inci p:+) tor such i~isurauce, or an}' part thrrro(, without waiciny; or a(tecting its option to toreclcn!~, or any right hereunder, ~u~l thr (ull amowit oi each aud r~•cn suih pacmc:u sha? t>r in:mrdiatrl~ due aud payablr and sh:~lt ixar interest from the date ci~c•rrot until paicl at the rate st~trd iu the uotc xwred hrrrb}• and togett~rr with such intere~st shall be secured by the lien ot this \tortgage. -1. 'To j~ern~it_ c~:mroit, ~a suffer no ~~aste, im~~air:nent ~~r drteriur.iti~~n of ~.iic1 jnui~ert~, ur .u~t• part themuf, s~id ujx~n t~~r f.cilure uf tlie m~,rt~;.~~urs t~i ke~•p the 1~uilelin~;s nri ~.iid j~rui~t•rh~ in ,~~x~d cc,nditiun ~~f re•pair, the :lssaci.~tic~n mav demand the ! ,•::mecJiatc re•~~.?ir of said buildin:;s or !he immcdi:?te r~~ir,n•ment <~f thc deLt hcrrh~~ ~erun~l, ancl tl~c failurc of the ~nortgagors cumplv ~cith saicl dem.inel of th~ :~xs„c•i:~tiun Fur a~u~ri~xl ~~f "I'hirt~~ ; 30) ~~a;~s, ~ha!( crzustitute :e i~reaeh of this mortga~r, ~nd, at thr ~~ptinn of the Asscx~iation;~ immecliatf~l~• m;~h~re thF> e~ntirc~ ::mnunt oE prineip.~l .+o<l inter~st hereb~• sec•~ued, and the 1ss~?ei.i~fOfi, immediateh• an<! uith~rut ?~otice, ma~• ii~stihite proc~•~•~lin~,c a~ foreclns~ this rn„rt~a~~~ and :~pplv ir~r the ap~~intment ~~f a 1lecci~-er, :?s heremaher pr~~~•ide.l. ~i. This mort~age contrart ~ro~~ides for udditiu~s.~l aJ~~anre~s «Lich ~n:?~• 1~ maclc~ at thr uption nF thc• _isscxiation and ~~eured bv this mor.~ab~, aiid it is agreecl that in the e~•ent of sueh :UI~'dIlCCS the amount may be ac~decl tn t}~e mo~tgage debt ~ .~nd shall increasc the unpaic: balan~e of the note hercbv secured b~~ ihe amuunt of such act~•ance c?nd s}~all be a part of saicl ;,nte indebtecin~ss under all tiie terms nf cai~l note :ind t1:is contr;~ct :s f~,ih~ as if ne~~• such nrne and contract ~~ere ex~~entrcl ~r~t1 ~lelirered. An aclditioz~al ,uhanec 1y~TCement m:i~• }>e y;ia~n anct accepte<1 &~r sncl~ ach~ance ancl prc,v;sion rua~• lx• made f~~r riiffc•rcnt monthh• p:~•mc•nts .:n~l a diFferent i:iterest race anrl other express modife~ations of the co~~trac;, but in ull~o.her res~x~cts ~his c~~ntraM shall rrmain in (ull furec and efhrt ati t~~ said incic•bte:lness. incluciin~ all advan~es, 6. If am~ nf thc sunis of money liercin reEerrcd to be not prompth~ ancl fullr paid ~~it6in 'Chirh• (:3(1~ dati•s next afte•r !I~c s,imc sc~•cr:ill~• c~>me duc anci pa~~ablc, ~~r if c:?ch and even' ~I1C stipiilutions, ,i~rc~c•ment, conditions, and cti~~~cnanis of sai~l ~romiss~r~ t~ote .uid this cieed, or either, are not duly performed, cumplieci ~~•ith and :~bidecl by, the a~rc~ate sum mentionecl in said promis,on~ note and an~• other amount or amountc added to the mortga~c indcbtedness under the terms of this mortfia~c shall become duc :mcl p:i~•~bie forthwit!~ or therea(ter at the optiun of the Associati~~n, as fulh• and completely as if ~id a~~re~;at~• . snm of monev ~ras ori~inalb stipuiated to be paid on such dav, am~thin~ in said promisson~ n~te ~n c~rein to thr contran• nnt- ~.~~6thstanding. ' ~ ' - To dclivf•r to th.~ .~sti~eciatiun, c~u or lx•F~re Varrh 13tf?, ~~f r:ich ~e:+r, tax reccipts evidencin~ the payment of all 1a~~~- - (nll~• im~~scYl tu~e~s fnr the jxi•ceclin_~ c:il~~ncl:~r ~•ear; to dcli~•er to the Asscreiation r~ecipts evidencin~ the ~~yment of all liens f~~r~public impro~•ements ~+•ithin ninetv (90) d:i}~s after the same shall hecnme due and pavable, and to pay or dischar~;e ~vithin ninety (90) da~•s after c~ue date, am• and al) t;o~~~nunent:~l levies that mav be m:?de r~n thc mort~~:i~ed ~~ru~x~rt~~, nn this mort~a~c~ ~ ~~r not~. or in ;?m• ~ither ~~~:n- rrsultin~? frr~rn thr rnrirt~a~e i~del~teel~te•tis sc~c•ur~~c~ b~• this rnr~rt~:if,~•. . , , r' . 255 ~A~E ~ : 4 ~ _ . . . . _ _ . ~ i S'