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Home My WebLink About1163 r : ~ ~ . . i ~ I 4 at all timespeaceably and quletly to enter upon, hold, occupy and enjoy snid lsnd; that satd land ia frea frorn all enciunbrances; tbat they will make such further sssurencxs to perfact the fee aimpl8 titla to satd lend in tha Asso~tatton as msy reaso,uibly bc? required; and that they do hereby fully warrant tha titla M satd lnnd and wtll daCend the sume ngalnst the Iawful ctaims of nil persons whomsoaver, PROVlDED ALWAYS that if the Mortgagors shall well and truly pay unto t}~a Assoelatlon, the indebtedness evidenced by thnt certntn promissory note, of even date herewith, made by th~ Mortgagors ~nd pnyable to the AssocI~;tion, in the prineiPal .._....Dollnrs ..301_000.00 sum of _.....THI~TX_THQUS~?~? rA,~?..~tQ.I1.~.0_.-.---~_-. (3 - . which note, together with interest thereon ns therein sl~eclEied, is p:~y:~bio in monthly installments of . . ~~'O_HII~I~?~E~.~~hCE~'~'.~.~,.~__N~/.~40...--`,'----°__....__________ Dollara (~----220..00_..___ on the.----•ZO~h.....---dny of each month commencfng with---...--•------•---......DeCember 20a.~1964-----._~.___which paym~nts are to be applled, first to interest, and the balance to principal, unkil said in~debtedness is paid in full, and shell perform, oompty with ~nd abide by each and evPry the stipulations, agreements, eondittons and covenants of said promissory nota and th~s mortgugef And, includIng any advances made by the Association to the ~fortgugors, ar the~r suocessors in titln~ for any p~upose, at any time before the release and cancellation af thfs morigage, but ut no time shall this mortgage secure advanees on uccount . of s+~id originAl lnote together with such additlonal advances in a sum in excess of____~____________________~....___.___._..__..~._..___._..___._.._.. O 220.00 _ lus an advanees necesso --T~IIRTY'_THQY.ISA~?.,A?~II?.~_.. ~ 100.-'---- .--.-_----------.Do1lars (5------ - - P Y *Y i to protect the security a~d costs, then thIs cleed and the estAte hereby creAted shnll cease nnd b8 null and vold, AND THE MORTCAGORS~DO hereby cvvenant and agree: , 1. To pay aII and sin~ulur the prtneipal and interest and other sums of money payuble by virtu~ of said promLssory note and this mortgage, or either, promptty on the days respectively the same severally eome due, ~ 2. TQ pt?y all and singular the taxes, assessments, Ievies, liabilities, obllgations and inrumbrancas of every nature and kind now on snid descril~ed property, or that hereafter inay be imposed; suffered, gluced~ ]evied~ or essessed tbere~n, or that hereAfter may be levied or assessed upon this Mortgage~~or the indebtedness securecl hereby, cach $nd every, when due and payable, amording to law, b$fore they beoome delinquent, and before any interest attaches or any penalty is incwrred; and Ltsofar ns any thereof is of record iha same s1iAl1 be promptly satisfied und discharged of record and the odginal offieial dorument (such ns, for instance, the tnx receipt or the satisfaction paper offieiully endorsed or certifted) shpU be placed ir~ the hands of said Association as hiortgAgee within ten days next after paymeqt; and in the event thut any thereof is not paid, satisfied and dtscharged, said Association may nt any time ~ny the same or any part thereof without waiving or afiecting any option, lien, equity or right under or by virtue of this I~iortguge, and the full amount of elch and every such payment shall be immediately due and paynble • and shall bear interest from the date thereof until paid at the rate stated in the note secured htxeby and together with such inter- ~ est shnl! be secured by the lien of this Mortgage. _ 3. To keep the --buildings and atl equipment und .personal property now or hereafter on said premises covered by this mortgage, insured in a sum ~qua! to at least the amount of the mortgage, or an amount sufficient to comply with uny co-insur- ance requirement covering the same under the laws of the StAte oE Florida, covering loss frc?m both fire und storm, majcing the loss under said policies, cach and every, payable to the AssociatIon, as modgagee, t?s its tnterest may appear, und said insuranca shall be in a good and responsible insurance company satisfactory to snid Assoelation, and written by a responsible local agent satisfactory to said Assocfation; and the poticy or policies shaIl bear a standard mortgAge clause without contribution, and shall Ue . held by the Associatton, and, in the event uny sum of money bec.~omes payaMe under such poliey or policies, the Associution shull have ihe option to receive and spply the same~ on uccount of the indebtedness hereby securedj~ oF to permit the mortgagors to receive and use it, or any part thereof, for ot~:ec purposes, without thereby waiving or impalring any equity~ lien,, or right under ~nd by virtue of thic mortgage, and may place and pay for such insurance, or any part thereof, without waiving or aEfecting its option to foreclose, or ~ny right hereunder, and ihe full amount oE cach und every such payment shall ba immediAtely due and payable and shall be~ir interest from the date thereof until paid at the rate stated in tt,e note secured hereby and together with such interest shull be secured hy the lien of ~this Mortgage. _ _To permit, commit, or suffer no waste, impairment or deteriorutio~ of said property, or :iny part thereof, und upon ihe faYluro of the mortgagors to keep the buildings on said property in good condition of repair, the Association may demand the immediate repair of snid buildings or the immediate repayment of the debt hereby secured, Anel the failure of the mortgagors to comply with said demand of the Association for a period of Thirty (34) days, shall constitute a breach of this mortgaga, and, at thc option of the Association, immediately muture the entire amount of principal and interest hereby secured, and the Association, immediately and withouE notice, may insHtute proceedin;s to foreclose this mortgAge and applv for the appointrnent of a Receiver, as hereinafter provdded. - 5. T}us mortgage contrart provides for additional advances which m~y l~a made at the option of the ussociation und _ secured by this mortgage, and it is agreed that in the event of such advanees the amount may be udded to the mortgage debt and shnll increase the unpaid balance of the nate hereby seceued by the simount of such advance and shall be a part of sald . nota ind~Utedness <<~~dcr all the terms of said note and this contract as fully as iE a new such note and contruct were executecl s~nd delivered. An udditional ~dvanre agreement may be given and accepted for such udvance und provision may be made for different monthly payments nnd a diEferent interest rate und other express modlficatiQns of the contract, but in All other respects ihis contr.~ct ~hall remain in fuli force and effect as to said indebtedness, i~rcluding all advAnces. 8. If any of the sums of muney herein nferred to be not promptly and fully paid within Thtrty {30) days next after ' ihe same severaSly come due and payable, or if each and every tha stipulattons, agrcement, conditions, and covenAnts of said promissory note auzd this deed, or either, are not duly perfarmed, complied wi;h an~l abided by, the aggrc~ate sum msnHoned ~ in satd pmmissory note and any other amount or amoUnts added to the mortgage indehtedness under the terrns of this mortgage _ shall becorne due and payable forthwith or thcreafter at the option of the Association, as fuUy and completely as if said aggregate sum of money was originally stipulated to be paid on such day, anything fn said promissory note or hereia to the eontrnry not- withstanding. 7. To deliver to the Association, on or before March 15th, of euch year~ tax receipts evidencieg tbe payment of ~a11 law- fulty imp~d tazes for the preceding calendar year; to deliver to the AssociaHon receipts evWencing the payment of all liens for pub~ic improvements within ninety (90) days after ihe same shall tx~omo due and pay~ble, and to pay or discharge within ninety (90) daya after due date, any and all govemmental levies that m~y bc mad~ on tha mortgaged praperty, on this morEga~e or nate~ or in uny other way resulting fcom the mortgage indebtedneu securecl by this mortgage, ~ B~R~ ~a4 e~~E ~s3 - ~ a. o