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Home My WebLink About0025 at all ~pea.~eabty attd quletly W~tet upon, bold, oocupy and tnjoy said land; that said land ts free from all eacumb~anoes; tbat tbey vviD mAke aix~ futtherya~ranoes ~o pe:fed tbs fes ~implo title ~o safd land ia the As~odatioa as iaar reaso~wblp be mA requlred, and tho?t t1~ey do hereby #ully wamnt d~e tiNs to aid land and w~l deiend the same against the lawful clsims of aU persau whomsoever. PROVIDBD ALWAYS that iE the Mortgagors shatl well w~d truly pay uato the Association, tbe indebtedness evtdawed by tlwt cectain pro w~nis~xy note, oE ev~en cl~tM be~ewltb, m~ds by the Martgagors and pay?bk to the Associatia~, in the ~uinciimt THIRTY ONE _THOUSAND EIGHT HIJNDRED AND NO/ 100ths ~~n 31, 800. 00 ~ . - - - - - - - - - ~ - - - . , which nota, togocher wtch incerest thenea~ as therein srecified, 4 payable in monthly installmencs of. ~terest PByments due on October 5, 1976, November 5, 1976, December 5, 19?6 and then 7'WO HUNDRED SIXTY S1X AND 87/100ths-------------------------------------------------------- 266.87 ---...__..Dollars (i-----------...-----...___ or~ the---._._5~--------day of each month commencing with-------------- Jariusry 5th, 197? ~Y~ are to be u~ first to interest, and the balance to prini3pal~ until said indcbtedness is paid ia fn11, and shaII pa~f~, ooo~p y iotu with and a ide by each and every ~ tbe tians, agreements~ c~di~io~u and oove~ants of said pr~i~ay aote and tbis awrtgs~8e, And, Iacludtng any advanc~ea ma by tbe Association to tha Mortgagors, ar their suocessora in titk~. fo~ aay pu~pose, at any time before the rekase and cancellation of thia martgage, but at no time shall this mortgage secure advaiwes on aooount of said original note together with such additional advances in a sum ~n e:ceu of. THIIiTY__ONE THOUSAND EIGHT HUNDRED AND NO/100ths------------------ 31, 800. 00 ----...----..vollazs (i---- an advanoa nec~ to protect the secunty and costs, then this deed and the estate hereby created shall cease and be nu and vaid. ry AND THE MOR'PGAGORS DO hereby arv~aat and agree: 1. To p~y all and singular the pacinci'pal and intereat and other swns of money payabk by virtue of said promissory notc and this mortgage, or eithtr, promptly on tbe dal's respectively the same scverally come dve. 2. To pay all and sing~la~r the taues, saseuments, levks, liabilities, obligatio~s aad innimbrances of every nature and kind now on said described pmpetty, ar that here~fter may be~~~1'~~Sed,~~svffere~l~ plaoed, levied, or as~essed thereoo, or that herraftex may be kvied or ass~sed upon this 1liortgage, or the ~ serured heoeby, cach and every, whea due and payable. • ac~cor~ding to law, befo~+e they become delinquent, and before any intezest attad~es or anypena1ty ii inenired; and insofar as any d~ereof u of reoo~a che ~e shaU be PmompciY sac;sfied ~nd ducherged of ~eoo~d and the a~iginai off'ic'Lat docuarent (such as, for iiutance; the tax receipt or the satisfaction paper offi~~ially enclorsed or certified) shall be plaeed in tbe hands of said Association as Modgagee within ten days neat after payment; and in the event tbat any thercof is not paid, satisfied and discharged, said Association may ut any time pay the same or any part thereof without wsuving or affectu~' g any option, lien, equity or rit~ht 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 sball bear interest from the date thereof unW paid at the rate statcd in the note secured hereby and together with such' inter- est shall be secund by the lien of lhis Mostgage, . 3. To keep the buildings anct atl equipment a~d personal property nowr or hereafter on said premi:a aovered b~ this mortgage, insun~d in a sum eqwl w at leasc the amount of the mongage. or an amount suificient to oomply ~vith any co-inturanoe requirt menc oovering the same under che laws of the State of Flotida. aovering loss Ernm both fire and scorm. making t6e 1or under said policia. eacb and tvery, payablc w the As,wciation. u mortgagee. u its interat mar appear. and taid inswance ~all be in a good and taponsibk insutanoe oompany satisEaaory to said As~ociation, and written by a raporaibk local agent satisfacwr~ to said Mw- ciation; and the policy or policia shall bar a standard mortgage dause.without contribution. and, ii the origiaal prinripal amouat of the mortgage is Fifty Thousand and no/100 DoUan (i50.000.0~ or in excat thereof.:hall be helti by tLe As~odztioa, and. in ehe event any sum oE money bccana payable under such polieT or policia, the A~ociztion sh.zll luve the option to receive and appl~ che samt on account oE the indebtednas hereby secured, or to petmic the mongagon w t+eaeive and use i~ or any part tharof. fa~ ocher pur~wses, ~rithout t6ereby waiving or impairing any equity, lien, or right uader aad by virtue of this mortgagr, aad may place and par for such iruunnce. or any part thereot, without waiving or aE[ectiag irs opcion to iora{ae, or any tight herrunder, and the full amount of tach and everq such payment ~all be immediately due and payabk and shall bear iacerat fmm the date theneoE unti! paid ac tht nte atated in the note secured hereby md cogecher with such interat shall be secured b~r the lien of this Mortgage. - 4. To permit, eommit, or suffer no waste, impairment or deterioration of said property, or any part the~+eof, and upon the failuro of the mortgagors to keep the buildings on said progeTty in good condition of repair, the Association may demand tbe immediate repair of said buildings or the immediate repayment of the debt hereby secured, and the failure of the mortgagors to oomply rvith said demand of the Association for a period of Thirty (30) days, shall oonstitute a breach of this mort~ge, and, at the option of the Association, ~mediately mature the entire amount of principal and interest hereby securetl, an the Association, immediately and without notice, may institute prooeedings to foreclose this mortgage and apply for the appoiatrnent of a Receiver, as hereinafter provideci. - 5. This mortgage co~ntraM pmvides for additional advances which may be made at the option of the association and secured by this mortgage, and it is ageec~ that~in the event of such advanc~es tbe amount may be added to ihe mortgage debt and shall increase the unpaid balancae of the'note hereby secaured by the amount of such advance and shall be a pact a~ said note indebtedness under all ihe terms of said note and this contract as fully as if a new such nMe and oontract w•ere e~cecuted and delivered. M additional advance agreement may be given and accepte~ for such advance and provition may be made for clifferent monthlv payments and a different interest rate and other express modifications of ll~e contract, but in all other respects ihis contrad shall remain in full force and effect as to said indebtedness, including all advances. 8. If any of the svms of money herein referred to be aot promptly and fully paid within Thirty (30) days next after the same severally rnme due and payable, or if each and every the stipulations, ao eemenc, canditions, and covenants of said promisaory note and this deed, or either, are not duly perfonmed, complied with and abided by, the aggregate sum meatio~ned in said promissory note and any otber amount or amoimts added to the mortgage indebteclness under tbe terms of this awrtgage shall beoome due and payable forthwith or thereak+er at the option of the Association, as fuDy and completely as if said aggregate ~~A ey was originally atipulateci to be paid on such day, anything in said promissory note or herein to the cantrary not- & 7. To deliver to the Association, on or before March 15th, of each year, tax receipts evidencing the payment of all law•- fuily impoaed tazes for the preceding calendar year; to deliver to the As.wciatian receipts evidencing the payment of a11 tiens for pubLc improvements within ninety (90) days aker ihe saa4e shall heeome dne and payable, and to pay or discharge witbin ninety (90} days aker due date, any and aU govemmental Ievies that may be made on the mortgaged property, on this nwrtgage or note, or in any other way resulting from the mortgage indebtedness secured by this mortgage. gonr.2~~ P~~E ~ ~ ~ . u 1 ~ ~,~~.n i y+