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Home My WebLink About0417 at aU times ~>r.iceably and quielly to enter u~wn, hold, orcup~• u;sd enjuy saiil l~.?nd; that s~~ic~ land is fre~; fro:n nll ei~cumbrancc:s; . thnt they H~ill makQ such furthE: tus~uances to perfect the fee sImple title to snid l~zn~l in tha Association us may reiuonabiy t~e required; and thAt they do hec~by' El11Iy WATtAIIt t~lU L1I~0 t0 Sc1!(~ ~Stlll ii~itl`will elefend tha same a~ainst tho 1;~~~~Eul el,iims oi' all persons ~~•homsoovcr. , 1'ROYID~D AL~VAYS th~it if thc \lurtgagurs sliall wcli ~:~d tn~ly pay w~tu the Assorintian, the indebtedness evidenced ~ . by that certRin pron~issory note, of even date herewith, made by the ~tortgagors t~nd pa}~abte to the Associntion, in tl?e princip~l - SIXTEEN THOUSAND AND NO/IOUths--------~~-~°--~~-._-..-__ 16, UOQ.00 2 sum of - . UoSl:~rs _ • - 3 which not~~ together. ~~~th interest thercon as thcrein s~ecified, is pa}'~ible in mondily i~istalhnents of ONE HUNDR~D ~ ~ FORTY SIX AND 54/10Uths-----------------_____________..___.:__..__..__..______..___ _ - - - - Dollars _ 1 ~6. J'4---- on the.--- 2nd---_.--._._day of eaeh rnonth comniencing ti~~ith----- Jull~_ 2~.19?5----•---------=---------------------------------whIch payments i :ue to Ue :ipplied, first to interest, and the balance to principal~ until said indebtedness is paid-in full, and shall perform, comply : ~vith and ~bide by each and every the stipulations, agrcements, conciitions nnd covenlnts_of said promissory note and this mortgage, nnd, including any advances made by the Association to the 1liortgagors, or their successon in title, for any purZwse, : i at any time before the release and cancellation of this mortg<zge, but at no time shalt this mortg.zge secure advances on secount ! ` of said original note together tivith such additional advances in :i sum in excess oE.. SIXTEEN THOUSAND AND NO/100ths----- 16 000.00 - ------._.Do]lars plus any advunces necessar~• < to protect the security and costs, then this deed and the estate hereby created sh~~ll ccase ~nd be nult and void. i - AND THE 110RTGAGORS DO hereby cvrvenant and agrec: ' . _ i 1. To pay all ancl singular the principal and interest and other sums oE money pay~aUle by virtue of said promissory note 4 - and this mortgage, or either, promptiy on ihe ~days respectively the same severaily come ~Iae. $ . _ t . - 2. To pay zll and singi:?az the tx~res, assessments, levieS, liabilities, obligations and incumbr~nses of every• nature and l:ind 4 now on said deseribed pmperty, or that hereafter in:~y be impo~ed, sufferecl~ placed, levied, or assesseci there~n~ or that hereafter ~ may be levieci or assessed upon this ~iortgage, or the indebtedness secu~ed hereby, cacii a~.d e~~ery, ~vhen due and pa}'able, accard'u?g to law, UeFore they become delinc~uent, an:l before any interest attaches or any penalty is incurred; and i~~ofar a~s - any thereof is of record the same shall be promptly satisfied and discharged of record and t}ie original official document (such, ~s, for instance, the tar receipt or the sa#isfaction paper officially endarsed or certified) shall be placed in tt.e hands of said ~ ~ Association as ~iortgagee ~vithin ten days next after pa~znent; and in tlie event that any ihere~f is not Paid, satisfied and discharged, ' said Association may at any time pay the same or any part thereof ~~tithout ~vai~~ng or affectir.g any option, lien, equity or right ; under or by ~~rtue of this \lortgage, and tl~e full am~unt of each and ever,y such payment shall be imme~liately due a~id payaole ~ and shall bear interest from tl~e d~te thereoE untiI paid at the rate stated in the note secured hereb~• and together with such inter- est sha11 he secured by the lien of this :~iortgage, - ~ _ . - f = 3. 'I'o kee the buildin and all e ai raent aiul ersonal ro rt now or hereaEter on said remises covered b this mort e, ~ P ~ 9' P P P Pe Y P Y $~S ; insuied in a sum eyual to at least the amount o[ the mongage. or an amouiet su[ficient to comply with any co-insurance require- ~ # ment co~~ering the same under the laws.oE the State of Florida, co~•ering loss from both Iire and storm, makin~ the loss under said ~ policies, each and e~•ery, payaUle to [he Association, as morcgagee. as-its interes?_ may appear, and said insurance shatl bP in a gt,od ~ t and responsible insurance compaiiy satisfactory to said Association, and written by a responsible local agent satisfactory to said Asso- ' j - ciation: and the policy or policies shall bear a standard mortgage dause ~ithout contribution. and, iE the original principal amount ~ ~ oE the mortgage is Fifty Thausand and no/1Q0 Uol.ars ($50,(~00.00) or in excess thereof, shall be held by the Association, and, in b t the e~~ent any sum oE money becomes payable under such poiicy or policies, the Association shall have the option to receive.and apply ~ the same on acccunt uf the indebtedness hereby secured,.or to germit the mortgagors to receive and use it, or any part thereof, for ' other purposes, without thereby wai~~ing or impairi:.g any equity, lien, or right under and by virtue of this mortgage, and inay ~ _ plate and pay for such iusurance, or any part thereoE, without wai~•in~ or a[[ecting its option to toreclose, or any right hereunder, , - _ and the full amonn: of each and e~~ery such payment shall be immediately due and payahle and shall uear interest Irom the date . : - chereof until paid at d?e rate state~ in-the not~ secured hereby and to~ether wich such incerest shall be secured by the lien of this ~ 'forc„~age. _ - - z - ~ : ~ 4. To permit, commit, or suffPr no waste, impairnient or deterioration of said property, or any part thereof, and upon ; the failurr. of the mortgagors to keep the l~i~ildin~s on said pmperty in good condition of repair, the Association may demand the ~ immediate repair of sa;d b~~;ldings or the imr.;e~~iate repayment of the debt hereb~~ s~c:iirecl, ancl the failure aE the mortgagors to comt3ly ~vith said demand of the Association for a rerial of Thirty (30) days, shall co:istit~.ite :i breach of this mort~age, and, at the option of .he Associatior, immediateh~ mature ti~e ~ntire amount of pxincip-al and interest herebv secured, and the - - :Association, immediately and ~vithoat notice, may institute j~roceeciin;s to foreclose thu rnortgage and app1~~ for the appointment { - of a Recei.~er, as hereinafter provided. ' . - ~ ' ~ S. This morigage contract provides for adclitional advances ~vhich may be ma~le at the opt.ion oF the association and _ E - secured by this mor~t~age, and it is agree3 that in the e~•ent of such advances the amowit may be_ added to the mort~age debt ~ _ and shall inerease the unpaid balance of the note hereby secured by the amount of such advance and shall be a part of said ~ _ note indebtedness under all the terms of s~id r.ote and this contract as fully as if a new such note and contract ~~•ere executecl ~ and -delivered. An aclditional advanee agreement may be gi~~en and accepted fer such advance ancl provision ma}' be macie for { different monthlv ~ayments r,nd a different interest rate and other express modifications of the contraci, bu? in all other respects ~ ihis contract shali remain in full force and _effect as to said indebteclness, including all advances. _ ~ r 6. lf an ~ af the sums o: mune herein referred to be not rom tl and fully aid within Thir 30 da s next after ; ) Y P P Y P~ h' O Y ihe same severally come due and payable, or if each and every the stip~lation;, agreement; cbnditions, and covenants oI said ; ~ promissory note and this c~eed, or either, are not duly ~erformed, complied ~vith and abided by, ihe aggregafe sum menHoneil ~ in said promis~sory note and any other amoant or amounts added to the ~ortgage indehtedness ur,der the terms of this mortgage ~ shall become due and payable forthwith or th~reafter at the option of the Asso;.kztion, as fully and completelv ~s if said aggregate. ~v~i~hs-~tana nney was originaliy s'tipulated to be paid on such day, anything in said gromissory note or herein to the contrary not- ~ g' ~ - . - - ~ r _ , 7. To deliver to the Association, on or before ~iarch I5th, of each year, tax receipts evidencing the payment of all la«~- ~ fu]ly imposed taxes for the preceding calencl~r year; to deliver to the Association receipts evidencing the payment of aIl liens ~ for public imp~ovements «~thin ninety (90) days after fhe same shall liccome due aud payable, and to pay or discharge wi:hin 4 ~~inety (90) dai~s after due date, an}• and all govemmental levies that may be madc on the mortga;eci property, on t~is mortga~e ~ E _ or note, or in any other way resulting from the mortgage indebtedness secured by this mortgag~. } b R ~j ?y~ ~ 800K ~tJ~ PAG~ l r~_ ' _ - t_ ~ ~