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Home My WebLink About0294 :~t all timc~s pe:ire~ably and quietly to rnter uEx?n, hold, cxrupy und enjuv sa?d lund; that said land is fre: from all eneumbrances; ~1~;?t they will make such further assurances to petfect the fee aimple ti11e to said lancl in the Auociatiun as mav reasonably !x~ re~quit~ed; and that they do hereby fuUy warrant the tide to saict laud .ind ~~~ill defcnd the same :~gainst the lawful daims of .:11 persons ~vhomsoeve~. PROYIDED AL\VATS tt?:it iF die \Iort~xgurs shali ~veU uncl truly ~ti• unto tLr Ass~x•iation, the in+lebteclness evideneed h~~ that eertain promissory note, of even date herewith, made bv the '~lortgagors und pay:?hle to the Ascociation, in the princi~~al .~~m oE T.~RTX-ONE THOUSAND NZNE HUNARED AND NO/lOQ----- Do1l:~rs (a 31, 900. 00 ~~hich note, together ~vith interest t]~errnn :?s therein specifiecl, is Ix?y:~bk• in mor~thiv instaliments atTWO HUNDRED SIXTY-TWU A~TD 27/100---------------- - Dollars (s262. 2? _ i ~Oth •~s • e:~ch tt~nnth i,~mmencins! ~vit}? ~ - - 3 ~eptemb.ex 2Q.__19ZG------- - - _ . _ which payments ' : lre to be :~pplied, first to interest, and the balance to principal, until said indebtedness is paid in iuli, and shaIl periorm, oomply .~~ith and abide by each and e~•ery the stipulations, agrccments, eondetions and covenants of said promissory note and this tnortgage, And, including any advances macle by the Association to the t~fortgagors, or thrir successors in title, for any purpose, :,t any time befote the mlrase and rancellation of this mortgage, but at no time shall this mortgage secure advances on account ~~f said original note together ~vith such additional advances i~e a sum in exc~ess of__THI$TY-ONE_THQIISANI2._._.._ _ ; # NINE H[INDB.ED ANU NQ/ 1QQ-.-------_------- Dollars (s 31, 9IIQ. OU ptus any aJvances necessan• ' t~~ protect the security and costs, then this deeci and the estate hemby created shall cease and be null and void. ~ A\D THE \~ORTGAGORS DO hereby cvvenant and agree: 1. To pay all and sing?~lar the principal and interest and other sums of money pa~~able b~• virtue of said prumissorv rwtc .,,xl thi~ mortgage, or eitner, prompiiy u~~ t;~z a..y~ rWr:,.te:•e!~ ~r:~ ~=•€-_113 ~:eP, . 2. To pay all and singular the taxes, assessments, levies, liabilities, obli~ations and incumbrances of every nature and kinc! ; nrn~~ on said d~scriUed property, or that here:?fter may be imposed, s~~ffereci, plciced, levied, or assessed thereon, or ihat hereafter ~na~• Ue le~•iecl or assessed upon this Jlortgage, or the indebtedness seeurecl hereb~-, c:sch and every, ~vhen due and payable, .~crorclu~g to law, bc[ore they become dclinyucnt, and before any ;nterest attachcs or anv penalty is incurted; and insofar us 't .in~• thereof is of record the same shall be promptly s:itisfied and dischargecl of record and the originat official document (such ~s, for instance, the ttiY receipt or the satisfaction paper officially endarsed or certifiecl) shall be placed in the handc of said Association as \tortgagee «lthin ten davs next after pa}'ment; and in the evcnt that any thereof is not paid, satisfied and discharged, +aicl A~ociation rna~~ at any time pa}~ the same or any part thereof ~~~thout waiving or affecting any option, lien, eq~itv or right ~~nder or by ~~rtue of this ~iortgugc, and the full amuunt of cach and cven• such payment shall be immecliately due andpa yable : .~nd shall bcar interest from the datc thereof until paid at the nte statecl in the nole urured herebr and to~ether with such intcr- ~st shail be securecl bv the lien of this ~iortg~ge. ~j F~ /i 3. "To keep the buildinqs and all equipment ancl Petsonal property now or hereafter on uid premises coveted by this mortgage, i~fsureei in a sum eyual to at least the amomu of the mortqage, or an amount sufficient to comply with any to-insurance require- ~nenc covering thc same under the law-s o[ the S~ce of Florida, coverinq Icus from bo[h iire and storm, making the lou under uid f~olicies, each aud e~•ery, pavable to the Association, as ntortgagee, as iu interc~st may appear, an~saed-inwrar~ce shal! be in a good i' i~ an<i tesponsible insurance company satislactory to said Association, and written by a responsible local agent satis[actory to said Asso- ~i.~tion: and the policy or policies shall bear a staudard mortt{age clause Nid~out contribution, and, if the original principal amount of the monKaKe is Fi(ty 'l~housand and no! 10O Uollars (550,000.00) or in excess thereof, shall be held by the Association, and, in thr e~•ent any sum o( money becomes pa~•ab[e under such policy or policies, the Association shall har•e the option to receive and apply ct~c• same on atcount ot the indebteclness hereb~ secured, or to permit the mortgagors to mei~e and use it, or any part thtreof. for ~ other purposc~s, without thereby wai~~inR or impairing any equity, lien, or right under and by virtue o( this mortgagt, and may l~ce and a tor such insurance, or a~~~• ?art thereof, without wai~•in or af[ectin its o tion to torectose, or an ri ht hereunder, ~ N P>' I K 8 P Y 8 a~id t6e (ull amount o[ each and e~•ery such pay~ment shal! be immediately due and payable ~nd shall bear interest [enm tht date ehereof until ~aid at [he *a~e stated in ehe note secured hereby and togecher wieh such interest shall be secured by the lien of this ~tortgage. 4. 7'u ~e•rmit, eemmit, or sulfer no ~caste, impairment or deterioration of said propert~•, or ciny part thereof, and upon i thc fa~~ithuc oF the m[ort~ar;ors to kecp the buildi~igs on said property in good cmndition oE repau, the Association may demand the II11il7LLl:l~l` rcpair 0[ S:ll(1 bllildinns O< <~1C immecfi:l~C lC~.1}~QRt O{ (I1C (ICU~ i~rrcb~~ ~«u~r.i~ itiili Z~iG iaiiuPc vi ;::e ~ortgagors t~, complv a•ith said demanci of th~ ~ssoriation Eor a~eri~xl of Th'vtY (30) dati-s, shall constitutc breach of this mortgage, and, at the option of the Associatian, immediatFh• mature the entire amount of principal and interest hereby secured, and the ~ssoci.~tion, immecliatclv and without noticr, mav institute proc~edinRs t~~ foreclc~ce this mortgafie and apph• for the appointment ~~f a Recei~•er, as hereinaRer pro~~idecl. ~ This mort~age contract provides for addttionxl ad~•ances ~~~hicL may be made at the option of the associaEion and ~ecured bv this mort~age, and it is agreed that in the event of such ad~•ances the amaunt may be ac3decl to the mor~igage debt :~nci shall increase the unpai4 balance of the note hereby secured by the amount o[ such advance and shalt be a part of said n~te indebtedn~ss iu~der all the terms of said note and this contract as fully as if a new such note and contract w~ere executed .~nd .leli~•erecl. An additional advancc agreement ma~• be gi~•en and accepteci for such advance and provision may be made for cliffetcnt monthh• pa~•mcnts snd a different interest rate and other express modifirations of the contract, but in a11 other respects ~his contr~ct shall remain in lul) force and effect as t~~ said indebtedness, induding all advances, 6. If am• of the sums of money herein referred to be not promptly and fu11v paid within Thirty (30) days next after thc same severally rnme due and payablc, or if each and every the stipulations, agrcement, conditions, and covenants of said promissory note aucl this deed, or either, are not duly performed, complied with and abided by, lhe aggregate sum mgntioned in said promissory note and anv other amount or amounts added to the mortgage indebtedness under the terms of this mortgage shall bccome clue and pa~•~ble forthwith or thcreafier at the optiun of the Association, as fully and completely as if said aggregate sum of money ~vas originally stipulated to be paid on such day. an~~thing in said promissory note or herein to the contrarv not- ~vithstanding. ' . To dcliver to the Associatiun, on or before ~tarch lith, of cach }•ear, tax receipts evidencing the payment of all la~~- Fully imposecl taxes for the preceding cal~ndar vear; to deliver to the Association receipts evidencing the payment of all liens for public impro~•ements w•ithin ninety (90) clays after the same shaU bemrne due and payable, and to pay os discharge within ninety (9p) da~a after due date, an~• and all govemmental levies that may be made on the mortgaQed property, on this mortgage nr note, or in an~• other w-a~• re•;ultin~ from th~ m~rtgage indebtedness secured bv this mort~a~e. 600K ~JO PACE