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Home My WebLink About1296 -1 i . . i : r ~ ~ : ~ , , ~ ~ at ~:1 Hme~sp ceably ~nd qutetly to eatbr upon, hold, occu y and enjoy aaid land; that sald l~nd is free fram alt ancumbran~; m~ ea tbat thsy will malce ~ch further a~sur4noe3 to perfoct tho ee simple title to aaid land in the AasoctaHon As may reasonably be , ( roqulred; and that they do hereby fuIly warrant the title ,to ~id ZAnd anu will defend tt~e sAme agatnsi th~ luwful claims of aII persons whomsoever, - - - PROVIDED ALWAYS Ehat if ths Mortgagors shatl well and truly pay unto tha AssoclaUon, ths ins3ebtec3n~ss e~-idenoed ~ by that certain pmm3ssory note, of ever. dstte berewlth, wade by the Aiortgagors and payabls to the Associaiion, in the prlncipal sum of _....------SEVEN.THO,U5AND__FIVE.HI7NDR.ED.ANI~.NO/100..~.--_---..Dollsrs (a ..7.1500, 00..-- whic6 note, together with interest thereon cis iherein specIfted, is p.~yuble in monthly installments of . _~_~`_'~~__.F..t~~t~3T._,A?]~Y~?.rI41.1.QQ_-----_.~--...----- •-----.-...-..---.-....__..--------•-•-------------------Doilars (Z_~_.5.8..~J4._ ) , F ~ the._....__4th,--..___day of e~eh month commeneing with.._...._._.__~.~ Januar~r 4~ 1965 _....________...~_~_whkh payments are tn be upplled, ftrst to interest, and the balance to prlndpAl, untll satd indebtetlness is paid in fuU, and s~,all par£orni, oa~ply E with and abide by each and every the stIpulaHo~~a~ agreements, conditions ana covenants of said promissory note and thfs morcgag~ And, including any advances made by the Assoclatlon to tha 141artgagon, or their suc~ressors in Ht~a~ for eny purpose, ~ at any time beFore tha release and cancellation of thts mortgage, but at no time shall this mortgage secure advances on aecount ~ + of said originul note togethc~r wIth such acldfHonal advances in n sum in excess of....~~~~.~'~0~T5AND F~_ _~TF'_~. ~ ._.~uND~~~3__~~Y.~_~Ojl00 -.----._..Dollars (;---_7_,._~~~,~~.Q-----), plus any advantes necessury ~ to proteM the security and costs, then thts deed and the estate hereby c:ented shall cease and be null and void, i:: ~ . = AND THE MORTGAGORS AO hereby cvvenunt and agree: _ ' ~ 1. To pay all and aIngular the pdnclpa1 and interest and oth~r sums of money payabte by virtuo of sald promissory~ note ` und thts mortgaga. or either, pmmptiy on the days respectIvely the same several}y eome due, ~ ` , 2. To _1~Y all and singular the taxes~ assessments, l~v~s, Iiabilities~ obltgations and iacwnbrances of every nature and kind now ou sufd destribed pr~perty, or that hereafter may be Im~~ suffered, plaoed~ Ievled, or ass~sssed ther~an, or 7hat hereafte~c ~ may be tevied or essesscd upon ihis Moa~tgage~ or tbe inde tedness secured her~eby, cach aand every~ when duo and ~ey~ble~ ac~orclbng tn law, before they beoome delinquent, and before any interest attaches or anyp~ nalty it incurred; and I~uofar as ~ any thereo~f is of record the same sliall be promgtly satisfIed und discharged of record and the odgtnal offictal document (such ~ ~ us, for instance, the tax receipt or the satisfactian paper offictully endorsed or certiftedj shal) be placed iri ~he hands of said - r Associatioa as Mortgagee wtthin ten deys neat after payment; and in tha event that any thereof is not paid, satisHed oaid discharged, t- said Associstion may ut any time pay the same or any part thereof without waiving or affectLag any option, tien, equity or ri ght ~ under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immediateIy due andpa yable • • and shall bear interest from the date thereof until paid at the rate stated in the note secured hereby and together with such inter. ; est shall be secured by the lien of this Mortgage. 3. To ke~p the buildings and all equipment uad personal property now or h~rreafter on satd premises c4vered by this mortgage, inswed in a sum e+quat to at least the amount of the mortgage, or an amount sufficient to comply with uny co-insur. anoe reyuirement covering the same under the laws af the Sta4e of Florida, covering loss firm both firs and 3torm~ making the loss under suid policies, cach and every, payable to the Association, as mortgagee~ us its interest may appear, and said insurance shall be in a good and responsible insurance campany satisfactory to said Associatton, and written by a rtspons~ble local agent - : satisfuctory to said Association; and the poticy or policies shall bear a standard mortgage clattss wikhout contribution, and shall be ~ held by the Association, and, in ihe event any swri of money becomes payable under s~ch policy or policies, the AssocIation shall . havB the option to receive and appty the same on a«:ount of the indebtedness here~ay secured, or to permit the mortgagors to ' receive and use it, or any rt thereof, for ot~:er purposes, without thereby waiving or impairing a~y equity, tien, or right under - ~nd by virtue of thic mort~age, and may place und pay for such insurance, or any gart thereof, without waiving or afferting its optian to foreclose, ar any right hereunder, and the full amotu~t of each and every such payment shall be unmediately due ancl , payable and shall be,ir interest fmm tha date thereof until paid at the rate stated in tl~ie note secured hereby and together with such inierest shall be securc~ by the IIen of ,this Mortgage. : 4.. To permit, cammit, or suffer no waste, impairment ar deteriorat~on of said property, or any part thereof, and upon the faiIuro of the mortgagors to keep the buildings on said pmperty in good condltion of repair~ the llssoci~tion may demand the ~ immediate repair of saId buildings or the immediate rePayment of the debt hereby socure~, and the failure af the mortgagor: F to com 1 with said demand of the Association for a riod of T' py pe huty (3Q) dnys, shall constitute a breach of this mortgage, i~ anu, at thcs opt3on of the Association, fmmediately mature the entire amount of principal and interest hereby secured, and the ' A~~c~aHnn, immediately and without notice, ma_y institute proceedin;s to fore~lose this mortgage and app}y for the appointment of u Receiver, as hereinafter praviderl. • 5. This mortgage contract provldes for addltional advances which muy be made ut the option of tl~e association and secured by this m~rtgage, and it is agreeci that in the event of such advanceg the at~wunt may ba added to the mortgage debt ~ and shall increase the unpaid balance of the note hereby secured hy the arnount of auch advanc~ and sbaU be a part o# said ~ note Indebtedness under all the teims of said note snd ihis eontract ss fully as if a new such note and coa~tract were execute3 , and delivered. An additional ndvance agreement may be given and acccpted for such advance and pmvision may lia made for difEerent monthiy payments and a different interest rate and otherexpress modificatians of tbe c;ontract, but in alt other respeMs ihis contract ShalI remain in full force and effect as to said indebtedness, incluiding all advanees, 8. If any of the ~wn~ of moaey herein rafor~red ta be uot 1n~P~Y ~~Y t~ withia T6irt~r (30} dnys ne~ct after ~ i ~he sgme sar~erally mme due und payable, or if each and evexy the atipulat3ons, agreea~ent, condttion~, s~nd covenanb of saicl ~ 1 pc+omtssory note aod thit deed, or eItt~er~ ara nat duly performed, comptied with and a~ided by, 16e aggnDgate ~n me~tloned ; In satd promissory note and any other amount ar amounts added to the mortgage indebt~ uuder tbe tern~ss of this mortg,age ; shall bacame due and pQyabk forthwlth ar thcrex~kar at the optan of the Associatton, ~s fuAy ~d complde~y as if taid e~ggregate ~ o~~nwney w~u originauy stipulated to be patd an such day, anythtng in said pramisaory note or hereln to the eontrary not- i ~ . . ~ ~ ~ 7. To deliver to the Aasociatbn, aa or before March 15th, of each year, t~tx reoeipb avideoci~g the payment a{'alj )xw-, ' " ; fulty itnpoaed t~c~s for the p~ececling caE~dar year; to deliva to the Associa~iou n~cefpts evidesx~g Lbe' pnymdat of all liens for gub23e imp~ov~emrnts v?~tbin nirxty (90j days after the same shall t~ceorna due and payAble, aAd ta p~?y a di~rge wtthin niu~Y (90) days after clue date, sny and all govemmes?tal lav~es that may ba made on the moctgaged propec~ty, oa thfa mo~tgaga ~ ~ or note, or in any other way resultirig from the mortgage indebtedr~ess secured by this mortgnge. ~ - - i ~ ~ a. R , : ~ ~ ~ ~0~ r~cr _ ~J ~ . . fi _ _ _ _ _