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Home My WebLink About2793 1 ; ; ~t all times peaceably and quiedy to enter upon, h~id, oc.~cupy i~nd enjoy saxl lanci; that said lancl is frc~ From all encumbrances; that they •..ill make such further nssurartces to perfect the fee simple title to said l~nd in the Association as may reasonlbly l~c ' required; nnd thnt they do hernby fully warrnnt th9 tit18 ta said l~nd and ~vill defend the stune afiainst the la~vful claims of ~ all persons .vhomsoever. ~ PROVIDED ALIVAYS t}~:it if the ~lortgaFors shull well ~nd tn?ly pay unto thc: Asscciatian, the inclebtedness c;videnc~ed by that cert~in promissory note, of even dnte herewith~ made by the \tortgagors and pa~~abte to the Atsociation, in tl~c princil~al ~ FOUR THOUSAND TWO HUNDRED AND NO/100ths----~---- 4, ~00.00 ~ sum of _ . Doll:us (S . _ . _ . s FIFTY FOUR ' ~~~hich note, together with irtterest thereon as thcrein specified, is payuble in monthly instnl)ments oE _ . ~ AND 35/100ths------------___--------------------------_--------- . . - - ~ - - - . - - ~ . ; _ . _ . . . - - . . - - - - . . ~ ' - - - Dollars 54. ~5_- - ~ 20th y • Jul 20, 19?5 which payments = on the- ------da of each month a~mmencin w~th are to be ;ipplied, first to interest, ~nd the balance to principal, u:itil said indebtedness is paid in full, and shall perform, comply «-ith and abide by cach and every the stipulations, agrcements, conditions nnd covenlnts of said Promissory note and this ~i mortgage, And, including any udvances made by the Association to the ~tortgagors, or their successors in tid~, for any purpose, ~ : at an,y time before the release and cancellation of shis mortgnge, but at no time shall this mortgage secure advances on account ~ FOUR~ THOUSAND TWO ~ of said originnl note together with such additional advances in a sum in excess of_____________._____._.__._____.._.____________.____..___._.____:._____ _ r HUNI)RED AND NO/ 100ths _ _ _ _ _ _ _ _ _ _ _ _ _ _ 4 200. 00 ~us any advances necess~ry t --..__._.Dollars (S P f , to protect the security and costs, then this cleecl and the estate }?ereb~• created sh~ll cease and be null and void, j A\D THE ~10RTGAGORS DO hereby c.?venant and agree: ~ - ~ ~ 1. To pay all and singular the principal and interesl and other sums of mo:~ey payable by virtue of said promissory note ' . and thv mortgage, or either, promptly ~n d~e days respecti~•ely the same severaUy come due. ~ € ; 2. To pay all and singulaz the taxes, assessments, levies, liabiiities, obligations and incumbrances of every nature and ldnd - now on said described pmperty, or that hereafter inay be imposed, suffered, placeci, levied, or assessed thereon, or that hereafter , - ma}' be levied or assessed upon this \tortgage, or the indebtedness securecl hereby, cach and e~~er~~, when due and payable, ' accorclu~g to la~v, before they becv~me delinquent, and before any interest attaches-~r any penalty is incurred; and insofar ~u any thercof is of record the same si~all be promptly satisfied and dischargecl of record ard the original official document (such as, for instance, the t~.r receipt or the satisfaction paper officially endorse:l or certified) sha1~ be placed in the hands of said Association as ~lortgagee ~vithin ten days next aEter payment; ancl in the event thnt any .thereof is not paid, satisfied and discharL;ec1, ; said Association may at any time pay the same or any part thcreof ~.~thout waiving or affecting any optiun, 1ien, equity or right under or by ~zrtue of this !1lortgage, and_ the full amount of each and every such pay~nent shall be immediately due and payable _ and shall bear interest from thc date thereof until paid at the r.ite staied u~ the nole scrured herebv ai~d to~ether ~~~ith such inter• est shall be aecured by the lien of ihis Dlortgage., ~ ~ - ~ _ i S. To kee the buildin and all e ui ment anci rsonal ro rt • now or hereatter on said remises covered b this mor ~ P SS ~3 P Pe P pe y P Y ~8'~~ ~ insured in a sum equal to at least amowit o[ tfie mortgage, or an amount suEficient to comply with any cainsurance require- , ment covering the "same un~ier the laws of the State of Florida, co~~ering loss from both [ire and storm, making the loss under said ! policies, each and e~•ery, payable to the Associ~tion, as mortgagee, as its interest may appear, and said insurance shall be in a good and responsible insurance company satistactory to said Association, and written by a responsible local agent satisfauory to said Asso- ciation- and the policy or policies shall bear a standard mongage dause without contribution, and, if the otiginal principa! amount ; ' ~ oE che mongage is Fifty Thousand- and no/!00 Dollars ($50,000.00) or i~~ excess chereof, shajl be held by the Association, and, in i tt?e e~•ent any sum of money becomes payable uiider such policy or policies, the Association shall ha~e the option to receive and aFply - the same on account of the indebtedness hereby secured, ar to permit [he rr?~ngagon to receive and use it, or any part thereo[. for ~ other purposes, without thereby waiving or impairing any-equity, lien; or rigtu under and by virtue of this mortgage, and may _ f place and pay for such insurance, or any part thereof, without wai~~ing ar affecting its option to [oredose, or any right hereur.der, and the tull amount o[ each and e~~ery such payment shall be immediately due and payable and shalt bear interest from the date > [hereof until paid ac the rate stated in the noce secured hereby and together with such interest shall be secured by the lien of this ~ I?tortgage. 4. To ermit commit or suffer no ~~•aste im ~airment or deterioration of said ro ert ~ or .~n ~art thereof and u n ~ P , , , I P P), Y 1 . P~ the faituro of the mortgagors to kcep the bt~ildings on said propert~~ irt good condition of repair, the Asseciation may demand the ; immediatc repair of said bu~ldings or the immediate repa~~rnent of the deUt hereby sccured, ancl the failure of the mortgagors ; to comply ~vith saicl demand of the Associati~n for a period oE Thirty (301 days, shalt constitute a breach of this mortgage, and, at th~ option of the Association, immediateh• mature the entire amount of ~rincipal ancl interest hereby securecl, and the ~lssociation, immediately and withou: notice, mav institute proceedin;s t~ foreclose this mortgage and apph• for the appointment F of a Recei~~er, as hereinafter provided. - _ ~~ys; This mortgage contract provides for additionat advances ~+•hich may Ue made at the option of the association and i _ secured by this mort~age, and it is agreed that in the event of such advances the amonnt may b~ added to the mortgage debt and shall inerease the unpaid balance of the note hereby secured by the amcunt of such advance and shall be a part of said - note indeUtedness under all the terms of said note and this contract 1s fully as iE a new such note and contract ~.-cre executecl and delivered. An additional advance agreement may be given and accepted for such advance and provision may be made for . different monthlv payments and a diEferent interest rate and other espress modifications of the contract, but in :.lt other respects _ ihis contr,ict sha;l remain in fu31 force and effect as to said indebtedness, including all advances. ~ - k. 6. If any of the sums of muney herein refened to be not promptly anct fully paid ~vithin Thirty .(30) days next after 4 - the same severally 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 ~vith and abided by, ihe aggregate sum mentioned " in said promissory note and any other amount or amounts added to the mortgage indebtedness under the terms of this mortgage - shall become due and pa~~3ble forthtivith or thcreafter at the option of the Association, as fully and completely as if said aggregate sum of money ~vas originally stipulated to be paid on such day, anvthing in said promissory note or herein to the contrar,; not- " ~vithstanding. _ _ ~ ~ . - To deliver to the Association. on or before \tarch l~th, of each }'ear, tax receipts evidencing the payment of all la~t•- - fiilly imposed taxes for the precetling calendar year; to deliver to the Association receipts evideneing the payment of all liens - - for public improvements ~czthin ninety (90) days after. the same shall become due and payable, and to pay or discharge within ninety (90) da~•s after due date, an~• and all governmental levies that may be made on the mortg:iged property, on this mortgage or notc, or in any other way resulting from the mortgage indebtedness secured bv this mortgage. ~ _ aoor,240 ~aer~~t$9 ~ ; ~ ~ ~ _ ~