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Home My WebLink About1434 ~ ' ! ~ ~ ~ ~ nt aA times , ceabl and ~ uictl ta eiiter u n hold ocru und cn'o saici 1~?nd; that s:iid land 'u frc*c from all encumbr~nces; ~ ~ Y l Y P°• • IY ~ that they will mnke such furthar assurances to perfect the fee aimplo titla to said land in the Associatinn as m~y reasonably bc ~ required; a~d that they do hereby~fulty wurrunt the title to said lanci nnd ~vill defend tho snme~ agninst the ln~vfu! claims of ~ All pc~ons whomsoever, - - PROVIDED AI.~WAYS that if the ~iortg.~gors shall ~vell nnd tn?ly pa~ unto tl~e As~soclatiou, the indebt~clness evidenced by thnt certuin promissory note, of even date herewith, u~ada 3)' the ,lortgagors nncl payuble to the Associntion, in the ~rincipal - - _ ~ ~ sum of _N1N~TF~EN_.THOUSANI].A_ NI~_NQ/.20Q-_-----:-.---.--.-.--~-=-------.-.. Uo111rs (S 19, U00..00 ~ which note,_together «~th interest thereon as therein specified, is pa:~able in monthly insfal)ments of ONE. HLiNIaRED_ - ~ . ~EV~N~'Y-_~QU~i,..~ANA..U2/1QQ-.~__--.-------- . . . - ~ - ~ _ - - - - ~ - - ..Dollars (S 174..U.2 - ~ - - - . . ~ on the -2O-t~3---------._clay of each month c~mmencing ~vith------- -------711_Cl.@__~Q{._. ~.~~5------------•------------------------_•--which payments ~ 1re to be :?pplied, first to interest, and the balance to principal, until said indebtedness is paid in fuli, und shall-perform, oomply ~vith and abide by each and every the stipulatior,s, agreements, conditions nnd covenants of. said promissory note and this mortgage, And, ~r.cluding any advunces made by the Association ta the Mortgagors, or thcir st~ccessors in titla, for any purpose, - at any time before the releass And rancellation of this mortgage, bi~t at no time shall this mortgage secure advances on account of said original note together with such adc~itional acivnnces in a sum in excess of._1~IINETEEIIL_THQIIS.~ND_AL~II?___ f . Dollars 1! , ~__NO~-1_QQ-_-_----_----_-----_-----_--'-'-'_-_----------- (5..19,._Q t2.--QQ----) plus any adva~~ces necessary~ to protect the security and costs, then this deeci and the estute hereby created shall cease and be nuil and void. AI`D THE 11iORTGAGORS DO hereby covenant and agree: ` - 1. To pay all and singular the principal and interest and odier sums of money payable by virtue of said promissory note - ancl this mortgage, or either, promptly on the days respectively the same severally come due. - : . 2. To pay all and singular the taYes, assessments, levies, liabilities, obligations and incumbrances of every nature and ]:ind ~ ' no~v on said dPSCribed property, or thaF hereafter may be imposeci, suffered, placed, levied, or assessed thereon, or that hereaEter ~ - may be levieci or assessed upon this illortgage, or the indebtedness secured hereby> cacl~ and every, when due and payable, according to la~v, before they become deli~iquent, and before any interest attaches or anv penalty is incurred; and insofar .is ~ any thereof is of iecord the same sliall be promptly satisfied and dischargecl of record and the original official document (such - as, for instance, the tax receipt or the satisfaction paper officially enclorsecl or certifieci) shall be placed in the hands of said ~ Association as ~fortgagee ~vithin ten days next after payment; and in the event that any thereof is not paid, satisfied and discharged, ~ said Association may at any time.pa}' the same or any part thereof ~?zthout ~vaiving or affecting any option, lier,, equity or right under or by virtue of this ':liorigage, and the full amount of each and every such payment shall be immedfately due andpa yable ~ and shall bear interest from the date thereof until paid at the- rate stated in the note secured hereby and together ~vith such inter- est shall be secured by ihe lien of ihis I~lortgage. . - _ ~ 3. To keep the buildings an~ all equipmenc and personal property now or hereaEter on said premises corered by this mortgage, ~ - insured in a sum equal to at least the amount oE the mongage, or an amount su[ficient to comply with any cainsurance requite- ~ ment covering the same under the laws oE the State ot Florida, to~•ering loss Iroin both fire and storan, making the loss under said ~ poticies, earh a?~d every, payable to the .1s.sociation, as mortgagee, as its interest may appear, and saia insurance shall be in a gooci - and responsible insurance company satisfactory to said Association, and xritten by a responsible local agent satis[actory to said Asso- 3 ciation: and the policy or-policies shali bear a standaid mortgage clause without mntribution, and, if the original principal amount : of the mortgage is Fifty Thousand and no/100 Dollars ($50.000.00) or in extess thereof, shall be hc;3 by the Association, and, in ~ the e~•ent any sum of rrioney becomes payable u~ider such policy or policies, the Association shall have the option to rtteive and apply ~ the same on account of the indebtedness hereby secured, or to permit the mongagor3 to recei~•e and use it, or any part thereof, for ~ other_purposes, without thereby waiving or impairing any equity, ~ien, or right under and by virtue of this martgage, and may ~ place and pay for such insurance, or any part thereof, without wai~~ing or afiecting its option to Corec!osr, or any right hereunder, anci the full amount oE each and e~•ery such payment shall Ue immediately due and payable -and shall bear interest from the date € thereoE until paid at the rate stated in the note secured hereby and togeeher ;with such interese shall be secured by the lien of this f 1ltortgage. ~ I 4. Ta permit, commit, or suffer r,a waste, impairment or deterioration of said propert~~, or any part thereof, and upon - ~ ~ the fai)uro of the mortgagors to keep the buildin~s on said property in good condition of rej~air, the Association ma~ dcmand the ~ immediate repair of said buildings or the immediate repavment of the debt hereby secured, 1nu the failure of the mortgagors ~ to comph~ ~vi,th said dernanct of d~e Association for a perioc? of Thi~ty~ (30) da}'s, ~hall constitute a breach of this morcgage, ; and, at the option of the Association, immediately mature the entire amount of principal and interest hereby secured, and the ~ Association, imme~iiatcly and without notice, may institute pr~iceeciin;s to toreclose this mortgage and app)y for the appointment ~ ~ of a Receiver, as hereinafter provideci. ~ ~ 5. This mortgage contract pmvides for additional adva~ices ~vhich may Ue ma~ie at the option of the association and ~ ~ ~ ~ secured by this mortfiage, and it is agreed that in Ehe event of such advances the amount may be added to the mortgage de6t - and shall increase the unpaid balance of the note hereby secured by the amou.~t-oE such advance and shall ~e a part of said ! note indeL~tedness under all th~ tarms of said note and this contract as fully as if a new such note and co~tract ~~•ere executed and delivered. An additional advance agreement may be given and accepted for such advance and provision ma}• be made for ~ ~ ctiffFrent rnonthly payments 4nd a different interest rate and other express modifications of the contract, but i:~ all other res~x.~cts ~ ihi~ contr,~ct shall remain in ftilI force .and effect as to said indebte3ness, including _all advances. ~ " 6. If any of the sums of ncney herein referred to be not promptly and`fully paid ~vithin Thirty (30) days next after the same sever:illy come due and payable, or if each and every the stipulations, agreement, conditions, and covenants of said . promissory note and this deed, or either, are not duly performed, complied with and abided by, ihe aggregate sum ~ mentioneci in ~aid promissory note and any other amount or amounts added to the mortgage inclebtedness under the terms of this mortgage . ~ shall bei..ome due and pavable forthwith or thereafter at the option of the Assxiation, as fully and completely as if s~id aggregate ~ sum of money was originally stipuIated to be paid on such day, anything in said p~omissory note or herein to the contrary not- ~ withstanding. _ _ _ ~ 7. To deliver to the Assxiation, on or Uefore ~iarch 15th, of each }'ear, tas receipts evidencing the payir,ent of all la«•- fully im~s ed taxes for th~e preceding calendar year; to deliver to the Association receiptr evidencing the payment of all lie~s ~ - for public improvements within nine:y (9Cl) days after the same shall hecome_due and payable, and to pay or discharge within ninety (90) davs after due date, any~ and all govern~*iental levies that may be made on the mortgaged properiy, on this mortgage ~ or note, or in any other way resulting from the mortgage indebtedness secured by this mortgage. - ~ - - = i . = - : ~--~:r- ~~Jc~ PAGf~4 ~ _ 3~ _ . - . - ,