The URL can be used to link to this page

Home My WebLink About0125 S - l a • , . ~ 1t all times ~ce~ably ~nd quietly to ent.:r upon, hold, ~upy and enjoy s:~id land; that s.1id land is frez from all eneumbi~ances; ~ that they will mAke such further assurances to perteet the fee sImple titla to suid land in the AsseciatJon as may ieasonably Ua required; an+l ihat ihe}' do hPreby ft~lly Harrnnt tho title to saici land anci wi11 defr_ncl tho same ~gainst tl~e Im~~ful claims of ~ all perso~~s whomsoever. PROVIDED AL~VAYS that if the Aiortgngors shafl ~vell nnd tr«ly pay unto the ~lssuci2tion, lhe indebteclness evidenced ~ ! by that certain promissory note, of even date herewith, msde bp the :~tortgagors nncl payu6le to t}?e Associati~n, in the pri~~ci~ial . TWENT'~ TWO THOUSAND AND NOi 100th8-------~----~--"' Do1l:irs ~s 22, 000. 00 sum of - - - - ~ - which note, together ~vith interest the~reon ns therein specified, is pa}ahle in monthly installr~ents of nNE HUND~r;D _ EIGHTY FOUR AND 63/100ths-----------°~--------°-----`-"-"'-'--'-"'-'--___~__ ~ - - . - ~ - _ ~ t - ~ - . - . . # _ - - - - ~ - D~llars (3~---184. 63-------- ~ . - - ~ 20th ~ • • June 20, 1975 • un the------~-----------------day of each month eommencmg ~~~~th.. ----•--------~----------------------------------=__--------•--------------------which payments ~ 1re to be .?pplied, first to interpst, and the balance to principal, until said indebtedness is paid in fiilJ, nnd shall perform, comply ~vith xnd abide by each -and every the stipulations, agreemer.ts, conditions nnd coven~ntr of suid promissory note and this ~ mortgage, And, including any advances mad~ by the Association to t}:e Aiortgagors, or their successors in titlc, for any purpose, ~ at any time before the release and rancella~ion of. th:s mortg~ige, but at no time shall ihis mortguge secure advances ~n uccount - ~ oE said original ~.ote together with such additianal advances in .3 sum in excess of.__TWENTY_ TWO_ THOUSAIVD___.__ ( plus an}~ advances necessary - AND 1`t~ /100ths~=-------------- 22 000. 00 - - - - - - - - Dollars S------ ~ - - - to protect the security and costs, then this deeci and the estate here~y cre~ited_,~h~ll cease und be null And void, AND THE r10R'TGAGOR~ DO hereby c~venant cnd agree: = 1. To pay alf and singula~ tlie prir.ci~at an~3 inter~st and other sums of mahey pa~•able by virtue of said promicsory note - ~ and this r~tortgage, or either, prom~tiy on the days_ respectively the same ~:~v~rally come due. - ~ - - 2. To pay all and singular the talcss, assassments, levies, lial~ilities, obligativns and inctunbrances of every nature aad kind now an said described pronerty, ar that hereafter may t~e imposed, suffered, placecl, levied, or assessed thereon, or that hereafte~ - _ ma~~ be levied or assessed upon this ~Sortgage, or the indebtedness securerl hereby, cach and e~~ery, ~vhen C~LiP, and pay~ble, accorcling to law, before they become delinquent, and before any interest attaches or .iny penalty is incurred; and insofar as - any 4hereof_is ~of *ecord th~ same shall be promptly satisfied uncl dischar~ed of r~cord and the original official document (such asf for instance, the tax receapt or the satisfaetion .pa~er officially~ endorsed or certified) ~hall be p!aced in the hands of said ~ Associat;on as ~.ortgagee ~vithin ten davs r.ext after payment; and in the event thlt any thereof is not paid, satisfied and discharged, ~ said tlssociation may at any iime pay the same or any part thereof ~~rithaut ~vaiving or affecting any option, lien, equity or ri ht under or by virt~ae of this ~iortgage, and the full amount of each and every such paymenY shall be immediately due and p~}'3~1e . r f un"til aid at the r.ite state~i in the noie secure.l hereb~~ and together with such inter- ~ and sh111 bear interest from the date the eo p , - est shali be secured by the ]ien af lhis 1liortga~e. ' . 3. To keep the buildings and all equipment and personal property now or hereafter on said pre~ises covercd by this ~ortgage, ; insurr.d in a sum eq~al to at lzast the amount of the mortgage, or an an.ount su[tecient to comply with any co-insurance require- ~ ment covering the same undPr the laws nf the S[ate oi Florida, co~~ering loss trom both [ire and stoim, making thQ loss under said a~ policies, each and erery, payable to the Association, as mortgagee, ac its interest may appear, and said insuranc~ shall be in a good ~ and responsible insura-.~e company satisfactory to said Assotiation, and hritten by a responsibl~e local agent satisfactory to said Asso- ~ ciation; and the policy or polizies shali be~z a stae~dard mortgage clause wittiout contribution, and, iE the original princepa! amount ' ~ - of the ~nortgage is Fifty Thousancl_and no/100 Dollars ($50,OU0.00) ar in exce3s ~hereof, shall be held by the Assc~ciation, and, in s_ the event any sum of money becom~s payable uuder such policy or policies, the Acsociation shall have the op~ion [o receive and apFly . ~ ttte same on account of the indebte~ness hereby secured, or. to permit .the mongagors to receive and use it, or any part theteof~ for ~ other prrposes, withouc d?ereby waiving or impairing any equity, lien, or right under and by virtue of chis mortgage, and may ~ - place and pay Eor suct? insurance, or any part thereof. without waiti~ing or af[ecting its option to foreclose, or any right hereunuer, : and the tull amoun[ of each and e~•ery such payment shail be immediately due and payable ar,3 s':~all bear interest [rom the date ~ thereaf until paid at the rate stated in the note secured hereby and tagether with such interest shall be secured by the iien of this r r ltiortgage. ~ . " - ~ ~ ` 4. To pennit, commit, or suffer no waste, impairment or detcrioratiun of said propert~•, or any part thereof, aad upon tf:e failura of -the mortgagors 'to keep the buildings on said propert}• in good cond'.tion cf repair, tlie Association may demand the ~ immeciiata repair of said bu;ldings or the immediate repayment of the debt hcreU}' secureil, ancl the failure of the mortgagor ~ 4- to comply ~vith saici demand of the Assxiation for a pericxi of Thirty (30) days, shall constitute a breach of this mortgage, i and, at thc option of the Association, immediately mature the entire amount 'of prir,~ipa! and interest hereby securecl, and the i ~ Association, immediaEely and without notice, may institute proreedin;s to foreclose this mortgage and applv for the appointment ~ i of a Recei~•er, as hereinafter provided. - - ~ - 5. This mortgage contract pmvi3es for additional advances ~vhich may be mac?e at ~ the option of the association and ~ secured b}• this mortgage, an~ ir_ is agrRed that in- the event of such advances the nmount may be addecl to~ the mortgage debt and shall increase the unpaid balance af the note hereby secured by th~ amount of such advance and shall ~e a part of said ~ note indebte:3ness under all fh~- terms of said note and this contraet as fully as if a new such note and contract .+•ere executeci ~ - and delivered. .j1n additional advance r.greement may~ be given and acceptecl for s~ch advance and provision may be made for ~ difEerent monthly payments 4nd.a different interest rate and other espa~s maiifications of the cot~tract, but in ail other res~ects ' ihis contract shall remain in f~vli force and effect as to szid indebteciness, including all advan~es. 6. If any of th~ sums of muney herein rpferred to be not promptly and ful~y paid within Thirty (3Q) days next a#ter • ths same s~verally -come due and payable, or if each and every the skipulations, agr~ement, conditior.s, and covenants of said ~ - promissory note ard this deed, or either, are not rluly performed, complied with and abided by, the aggregate sum mentivned ~ in said promissory note and any other amount or-amounts added to the mortgag~ indeb~edness under the terms of ihis m~rtgage shall ~ec.~ome due_ and ~pay~ble forth~vith or thereafter at the ~pGon of the Asy=o^iation, as fuiiy and camptete?y as if said aggregate f sum of money was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrarv n~t- r ~vithstznding. . _ " ' ~ _ 7. To deliv,er to the Association, on or before Jiaxch 15th, of each year~ #ax rece;pts evidencing che payment of all la«•- - ~ ftilIy im~osed taxes for the grececling calendar year; to dQliver to the Association receipts evidencing the ~ayment of all liens = - for pub ~I'c improvements within ninety (90) days aker the same shall hecome due and payable, :.nd to pay ar di~,ch~rge withir ~ ninety (90) daps after dve date, an}' and all govemmental levi~ that may be made on the n~ortgaged property, on this mor#gage ~ or note, in any other way resulting from the mortgage indebtedness secured hy ths mortgage. - - - BOOK ~~tJ FJ~ ~~e~i ~ ,