HomeMy WebLinkAbout0322 TO HAVE AND TO HOtD the same, together with the tenernems, heredi~amems and appurtenances, unto the
1~+.ertgagee, in fee simple. '
AND the Mortgagor does hereby coyenant with the Mortgagee that he is indefeasibly s^ized of said land in fee simpte,
~hat hc has full power and lawful right to convey said land in fee simp~e as aforesaid; that it shall be lawful for the
~.to?tgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said la~d is free
1~om al! incumbran:es; that he will make such further assurances to protect the fee simple title to said land in the
'~1or!gagee as may reasonably be required; that he does hereby fu!ly warrant the t~tle to sa~d la~d and will defend the
s3me against the lawtul cia~ms of aii persun~ WIIVfi~S~v~i.
FROVIDED, ALWAYS, that il the Mortgagor shall pay unto the Mortgagee the certain promissory note of which the
~ollowing in words and figures is a true copy, to-wit:
COMMUNfTY FEDERAI SAVlNGS AND LOAN ASSOCIATION OF RIVIERA BEACH
~;~ort~M~e ,z'ote
RIVIERA BEACH, fIORIDA December 14 , 19 71.
Be~~g ~~debecd, for v~lve received. the ~ndersigncd 'p~mly and severally prom~~e to pay ~o COMl~lIUNITV FEDERAI SAVINGS ANO
IOAN ASSOCIATION OF RIVIERA BEACH at ita olf~ce ~n ~he City of R1r,crs Beach, flor~da, o• o~der, the sum of FOURTEEN
THOUSAND NINE HUNDRED AND NO/100------------------- ~i~RSis 14,900.00 ~
togcrher with inrcrest ~hcrea+ here~nalter s•ated in momhly in~tstlmenta of One Hundred Thirty-Eight and
1.3~1~~------OOLlARS lS 138.13 ihe first monthly ~ns*dlment shsll be due and psyable on the l~th
dey of January, 19 ~72 ~ and subaequcne i~stallments ahall be due and payable o~ the 1Qth
day of each and evcry catendsr mo~~h rhereafter um;1 the pr~nc~psl snd ~mereai are iully paid.
ld*qe~ sums may be paEd at any f~me, bur fhe paymem of •ny such larger sums in add~t~on io fne paymenb herein reqvi~ed shall
not .el:eve nc~ make+s of fhe payme~r o~ ~hc mo~rhly msralimenn here.n prov:ded for, untess ~r ~s specifically st~pulated by fhe makers at the
, r,~rx oi paymcnt fhat wch luger s~ms are ~o be applied ~o ~he advan~e payment of ihe momhty inara~lments ne~ct mawring in the pder of
then d~e date~. AH paymenrs ma~e ipon th~s note shall be appl~ed first to thc paymmt of accrued inrc.est and secondly upw~ the printipal.
Thn ob,~gat~on sha~l bea+ inte~est irom date ar rhe rate of SeV@Il & one~ P~~ ~cnt ( 7~ °",o) per annum
untal tfle pnnUpai auu euir~eai e:e iu;~y ~o:y. half
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t Infe~est for each ca~endar month shall be atcrued on the first day of said month and be comp~ted on the unpaid balance of prircipal
and inte~est ex;st~ng o~ the last d;y of the preced~ng mor.th. Th;s nore sha=~ be cons+de~ed in defavlt when a~y payment required to be
; made he e~nder sha~l ~of have beer. m;de ~v~th;n rh r~y days follow~ng its due date and shall rema~n in default uMil said payment shali
~ have been ma~e. K'h~le in defavlf, th~s nore shall 6ear ~nrerest at the rate oF 10°o per annum in lieu of the rate hereinbefore specified.
~ A!t ma4ers and cnda~sers now w he~eafter becoming parties hereto ~o~~tly and severally w~ive demand, not~ce oi non•payment ~nd
j p~o+est, and agrce ~hat in the event of defao:t i~ the p~ymeM of aoy ~nsta~tmem due hereunder the whole of sa~d mdebredness shalt ther~-
f ~pon a~ fhe op~~on of the holdrr, become ]mmed+arely due and payable, and lf th~s note becomes in defavlt and is plated in the hands
o( an attomey ~or colleu~on. to pay reas~nab~e a~ro~ney'~ fees and all orher cosrs for making wch colkction.
Th;s no+e may be prepaid at any time.
; S/ Robert _ A.. Mein ts~nu
~ _ - - _ cseat)
? S/ Arda F. Mein ~~A~~
;
~ _ csEai)
(Thn nore is sec~.ed ~y a mort~age of even dau e~ecured by the make-s ~n lavor oi Co.nmvniry Fede~al Sav~ngs a~d loan Assn. of Riviera Beach)
i
~ and shall promptly perform, com~ly with, and abide by each and every the stipulations, agreements, condifions, and
' ;ovenants of said prom~ssory note and of this deed, then the estate hereby created shatl cease and be nul! and void.
AND the Mortgagor does hereby covenant and agree:
1. To pa~ +b ~nd s~nyular ~he o~~+~c~pal snd ~nte~est ~nd otF~er wms of money payable by .~rwe cf se~d Crom.ssorY nore a~d rh~s mo.tg~qe, p e~rhea, promat;y
on th• days .espect.vety, rhe same ie~eral)~ come dut.
f
7 io t~I sl~ anC i..:y, ie~ r~a.e• asi.+3n~.c.,rs. '~e~.es '~eh,: ~.n ct.~.g+!,ons a~:1 •n. L..~Krs o1 ..crY ...,...e o.~ ~e•o ~u~scr~C~d MelKrry tach and e.e•r
../t~ r! r e~..,i j,!r~t.'? ~ r- .rw~ tc:~•~ •~,e~ (~~.::.r..
. Jr..:~,r~n. e~.~ .f ~~~e se~..~ .t..a~i ;.,..,pr:~ ~a.d ~n~ M.~,r.yn:ec •,,ay a• e.,y r.•'e e~rher f.elo~e
• ei•r. ,1et. ..r..c. c~r~ si-~.. w :~n wa.•z w~i~~r,.y e~~ e:~r.~,n r~_ fv.~~~~:i• o e r•:.~~~ ~rrr ~~':fr e.f e,e.. r,~^~~nr ta -.~,de s^e!f be~• ~n•~rest 1.o.n
• r r 'f•<'~ ~~r i. f n s.r c1 [~c.. _
~ io 4e~p +he b:,~.!d:~es s~d a'1 e~~~.o~*.e~t a~d personal prope+*y ~ow p h•reafre~ on s.+~d p••r~~zn. ~c~-.~d b~ rh~s T.QIIgA'~G. MfL1p~ ]n s sum •f Itast
e~~_e~ ~o Me o~rpa~d Ga%arce o~ rf~~s mcrtgige, ~nclud~ny l.re. t•~cr.ded w~cr~qe •~d vandat~sm and mat~c.~.,s ~m~~e:ue as ro propen~.s otAer th~n dwell~nys, ~nd
h~e, e.tended coreraqe ~nd soet~el lo~m othe. GerJi insura~x• on dwdl~nqs ehqlble for ~u<h MoadeneA cc•+r• - Drc':--!eL+. F~cwt~er, th~t svtA ~nsv~anc~ b~ in
smo•_nt suff~uert~ ~o comply w~!h any w~ns•..rance requ~remeNf tovennq same vnder ehe laws o/ tht `rate of Ft,>.~da, ar,d prov~ded tu~~Fer t1,et t~e poGcy w pohcies V
~ shetl be wr,ncr. ~n a«unprny w compen~es scd ~hro~~gh an ~qe~cy sat~s/acro~y lo ehe Mor~gagee and ~Aat said pol:cy p poLc~es s~all b~ hetd by fhe Mon9~yee ~
md sh~tl bear • srandard Nen Vcr4 Mo.rya~ee Ua~ss w~ff,.wt co~f.~bu~~on, mak~nq rhe loss under si~d pol~c~ef payable to r1.e Mo.tq~qee p~ts ~ntae~r m~y ~ppear; ~
~ and in t~~e evm~ ~nY sum o! money becomei payabte under any wcA pof~c~ of po"~c~es, the Mortgegee z!+afl Aave the euLOn lo rece~ve snd apply the sa+M o~
~~cco~~r c1 the ~nCettednesa F.ereby sec~.ed, w ~o permn Me Nb.~gaqa to rece~ve and ~se ~t, o. a~y part the.eol, (a o~her pv.po:ee, w~thoot tAe~eby wiiring ~
o~ ~mpa,.~nq ~ny eqvu~, ben, o. r~yht u~:}er and by vurw of thq matpjye; ~nd .n +he erent t~e /Wirrgaqd does not comply w~th ih~s covenaot, tI» Mwi9~gee J
~ m~y pi~ct and pay fd such ~nsw~rce. w ~nv Part thereof, withovt w~w~nq o. afieO~nq tAs oor~~n ro fo.edose, w ~ny nqht nere.~r.der •nd the full ~mouM o/ e~ch T~~
snd evavy such payment ihall be ]mmedia~ety Cue ~nd WYaWe a~d aMR beu mtsrest i.on e~e dste ~he~eof unbl paid at the r~te urov~ded ~n sa~d no~~ and toqelfier Oc~
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w~+? su~ inte.e~~ sMll ba sec~r~o by the I~en oi M~s mwtqa9e.
1. Tho1 ~ortqo9~~. ~or. ot onr tiwN durin9 th~ nwrtQop~ Nr~w, ond in iea diFCre~ion, aPplr fo~ ~~n~we! ol ~wrtyopa yvoronty in~uronu cov~rinp tM
w~w~pop~ •,.c~+.d br tM~ ~nders~yned on •ren dote I~erew~tl~, poy ~he prrmi~~ns d~e br r~own ?A~rto1, and ~eqv~r• repoy~nl bY ~h~ vnd~rsiqn~d o)
~utA onw~nN as ore od+o~ced by so~d mort9opee In ~he e•ent of fo~l~.e by li~e vnders~yned 1o r~poy wid o'noun~~ ~o soid ~ortyop~~, ~vch IQilvrt sholl
M con~idu~d o de~ovlt, ond o11 prorit~ont o1 f6t note and nw.lpope r~rb re9ard to d~iwlt sholl b~ opplicoble.
5. io p~rm~r, comm,~ o. fuF(~r r.o wa~~, ~mpa:rrt-~nt o~ derenor~tlon of f~~d p.op~~ty, w anr pirt Mereof, •nd upon tM failure cf th~ me~tyspor l0 4tcp th~
bu~td~ngs on u~d p.open~ ~n qopd tond~t,on o! ~~a~~r, th~ Morrq~ye~ Inav d~rn~nd M~ ~mmed~~te .ep~~r c/ a~d b~,ld,~qe, o. ~n ~ncre~u ~n t~• •rnount of ~KW~fy. p
tM ~m.n~d~s~~ rep~yment o1 rM de~t he:eby tiec~.ed ~nd th~ f~,lur~ of ~h~ Mortyaqor Io co~.+ply w~rh s~~d d~mar.d of tM Matyayee tor a pt.iod ot th~rry (30)
daYS, sM? consnrvH • brescA of tA~s mwtp~pe. ~nd. •t ~M opt~w+ o/ tM Mwtgaqee. ~mmed~are;y marore rM tro;r~ ~mov.,? ol w~~+c;wt ~nd int~rpt hereby
~ec~reA. and ~mr-e~~~Nly ~nd w,thovt nobce, th• Mp.tqafle~ m~Y m~litvl~ ppc~ed~nq~ to /o~ecloss thy mo.t~aQa ~nd app~Y fw M~ ~ppomTmenl ol • Receire~. n
fre -e're• c~c. ^rd