The URL can be used to link to this page

Home My WebLink About1300 ~ . . , ~ , ~ % ; ' ti • t , ' ( ~ ~ ; j . at aU timesp~ c+~bly ~nd qutetly to enter upon, hold~ oocupy snci enfoy sa~d I,innd; that :a.td land ts Eree fmm all sncumbranoes; ~ ~ that they will malce such furtha ~ to perfect the fee dmpte tido ta aaid lar:d in the Aasoclation as may Yea~onably b~e tha m ce ; requlred; and that thay do hereby fully wac~nt the title ,to ~ld lnnd and wi11 def6r.d the anme against tha lawful clatms of . t all gersons whomsoever. . ~ PROVIDED ALWAYS tbat If the Morigagors ahall weA and truly pay unto tha AssociatIon, the indebtedness evide»c~d , by that certain pmmissory not~, of even data ber~with, mado by the Mortgagors and payable to th~ A.ssociation, in the principat ~i SEVEN THOUSAND ~'IVE HUNDR~D AND NO/100 7, 500.00 • ' aum of _._._.Dollars ) ' , ~ . ~ . which note, together with interest thereon ns therein speciEied, is paynble in monthly instal)menta of , ; 1 . 3 ~ ' ~ 1 _F±'IFT~.EYGHT.1~?iVD,NOL.IQQ,--.--_-.._--.--_.-.-. -'.---'---"-----~Ilars (a.58.:9_4_.__.._.._... f , ` on tha-----..~t~__....__day of each month eommencing with........_._~.~a?~1~a~4 1965 _.._..~_....._.._._._.._.._._.which payn~ents { are to be upp1led, first to interest, and the b~e?lance to prindpal, until aaid iudebtedness is pald fa~ fuU, and a6all pGrforim, ooanply ; ~ with and abida by each and every #ho stlpulations. agreements, condttiona and oovenants of satd promissory nota and thi3 ~ m o r t g a g e~ Md, i ncludL~ g an y advances mqde b y the Assoctatfon to the Mart ga gors~ cr tbefr successon in title, for.an y p u t p o s e, i at any tima before tha retease and cancellation of this mortgage, but at no time shall this mortgage secure advances on account ' t SEVEN THOUS.AND FIVE of said orlgin~l note together with such additlonal advances in n sum in excess of._.__.__.~___...____...._._.__.__.._.._..~_.,_._...___. t ~ . HiTNDR.ED AND NO/100 500. 00 ' •--------•--_._-----------------•-----------•._.----._...------...._.____._~...~___.___.______...____.Dollars . plus any advanc~s necessnry . 3.: ; to pmtect the seeeuity ~~d casts, then this deed and the estote hereby creAted ~hall cease and be nult and void. , ~ AND THE MORTGAGORS DO hrreby ce~venant and ngree: ' ; 1. To pay ull and sIngular the p.etnetpat and interest and other sums of money payable by virtue of said promissory note ' s mnd this mortg,age, or elther, promptly oR tha days respectIvely ihe same Severally come duo, j . 2. To pay alt and sir~gular the taxes, assessments, levies, liabilitles, obligations and iacwnbrences of every nature and kind . i now on said described prnp~erty, or tbat h~reafter may be impa~ed, suffered, plaeed, levied, or ns3essed thcxeon~ or t~wt hereaRer ~ ~ may be lev~l or assessed upon this Mortgage, or tbe indebtedness sacuretl hereby, cach and every, when due and payabte, sacording to law, befora they become delinquent, and before any interest attaches or anypena1ty Ls incurnet3; and ln~ofar us , , any thereof is of record the same shall be pmmptly satisfied and discharged of reoord and the original offkial document (such j as, for instance, the tax reccIpt or the sBtisfaction paper offtctally endorsed or certified) shall be placed in the hands of said Auociation us Mortgagee within tea days next after payment; and in the event that any #hereof is not paid~ satisfied und discharged, t.~~ said Association may ut any time pay the sama or any part thereof without waiving or affecting any option, lten~ equity or right ~ ~ under or by virtue of this Mortguge, and the full amount of each and cvery such payment shaII be immed3ately dus and payabla ` and shall beur interest from the date thereof until p~aid at the rate stated in the note serured heteby and together with such inter- ? ~ est shalt be sec~r~d by the ]ien of ihis Mortgage, • k 3. To keep the buildings and• all e~quipment and personal property now or hereafter on satd premises covered by thLs mortgage, insured in a sum equal to at least the amount of the mortga~e, or an amount suffietent to comply with any co-insur- ance requirement covering the same under the lf?ws of the State of Floridta, covering loss firm both fice ans3 storm, making the loss under said policies, ench and every, payable to the Association, as morigugee, us its interest may appear, und said insurance ; shall be in a good and responsibla insuraqce company satisfactory to sald Association, and written by a responsible local agent ; satisfactory to said Association; and the policy or policies shall bear a standard mortgage clause without contribution, and shall be held by the Association, and, in the event any sum of monsy becomes payable under such polky or policies, the Association shntl f have the option to receive and apply the same on aocount of the indebted.uess hereby secured, or to ~sermit the mortgagars to receive und use it, or uny part thereof, for otl:er purposes, without thereby waiving or fmpafring any equity, lien, or right under und by virtue of thi~ mortgage, and may place ~d pay for sueh insuranoe, or any part thereof, without waiving or a~fecting its y~ option to foreclose, or Any right hereunder, and the full umount of each and every such payment shall be immediately due and , pnyable and shall bear interest from the date thereof until paid at the rate stated in t~e note secured• hereby and together with f- such i~terest shall be secure.cl by the lIen of ,this Mortgage. 4. To permit, commit, or suffer no waste, impairment or deteriorution of said property, or any part thereof, and upon the failuro of the mortgugors to keep the buildings on said property in good condltion of repafr~ ih~ Association may demand tbe ~ immediate repair of s~id buildings or the immediate repayment of the debi hereb sc~ccured, and the failure o£ the mortgagors s ; to comply with said demar~d of the Association fnr a period of Thirty (30) • days, s 11 constitute a breach of this mortgage, ~ and, at the option of the AssociaHon, immediately mature the entire amaunt of principal and interest here6y secured, and tha Association~ immediately and without notice~ mey institute p~dings to foreclase this mortgage and apply for the appointutent I.~ of A Receiver, as hereinafter providecl. - 5. This mortgage contract grovIdes for additional advanc~es which may be made at the aption of ihe associatio~ and ` secured by this mortgage, and it is agreed that in the event af such advances the amount may be+ added to the mortgage debt ~ ~ and shall increase the unpaid baianoe of tbe x~ote hereby see~u~d by the amount of such advance and shall be a part of said ~ aote indebtedness under all the terms of said note and this contract as fully as if a new such note and cantract were eacecuted , and delivered. An .~dditional Advance agteement may ba given and accepted for such advance and provision may be made for different monthty payments and a different interest rate and ofher e~cpc~ess modifkations of the contract, but in all other respects this contract shall remain in full force and effect es ta said indebiedness~ inc]udtng aA advances, - ~ 6. If any oE tbe awus af m~ioaty h~tin r~#~n~ed to bs aot P='~I~Y ~~u1lp p~id withla Th~rty (90) dsys next ~fter ~i~e aa:ne aeverally cams due snd payabkr, rn if each and every the atipulaHons, agreement, coadltlo~u, and oovenanb of said ' ; ~omissory note and this deed, or elthar, are not duly p~erforcned, eomplied with And abida~. by. the aggregate aum mentlac?ed ~ in ssid promissory note and any other amount o~ amounts added to tbe mortgage ind~bte~ess under tl~e teans af this mortgsge •hall baome due ansi payable forthwith os tbcreaher at tha optian oE tha Assaciation, ss fully and oampkt~ly aa if satd aggregate y', ~ o~f ~moaey was odginalty stipulated to be p~#d an such day, anything in said ~sso~y note ~ herein to the contrnry rat- f ~ ; f To detiver to the Asso~ctatbn, ori or before March 15th, of each year, tez receipta evtdeacing tbe payment of ~all law- ; ~ fuity impased tases for t~e preceding culendar year;.to deliver to the Associ~tion reoeipts evideucing the p~ymd~t of a11 lie~ = for publk imp~ovements withln nInety (90) ds?ya after the same shall hecom++ daa aud p~?yable, and to pay or diacharge within _ nfnety (9p) days after due date, any end all gaveramental-kvies that may 6e made o~ the mortSAS~ ProPerh!~ on thls matgage i or noto, or in nny other way resutting from the mortgage indebtedness secured by this mortgage. ~ : ; } - ~ ~ BilRit ~U'J iA[:E~t~O ~ . ~ , . • •