HomeMy WebLinkAbout2712 TO HAVE AND TO HOI~ the same, together with the tenements, hereditaments and app r~enances, unb the
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Mortgag~se, in fee simple.
AND the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful right to convey said la~d in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said Isnd is f~ee #
from all incumbra~ces; that he will make such f~rther assurances to protect the fee simple title to said land in the =
Mortgagee as may reasonably be required; that he does hereby fully warrant the title to said land and will defend the i
same against the lawfu) claims of all persons whomsoever.
PROVIDED, ALWAYS, that it the Mortgagor shal) pay unto the Mortgagee the ce~tain promissory note of wfiich the `
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following in words and figures is a true copy. to-wit: ~
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~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIYIERA aEACH
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~ ~IIrf~2I~P ~AfP
I RIVIERA SEACN, fIORtDA February~_, ~v 72. . ~
~ Eeinp indebted, fw v~lvt rec~iwd, the ur+dersiyned 'pintly and uver~lly promis~ ro p~y fo COMMUNiTY fEDERHI SAVINGS AND
~ tOAN ASSOCIATION OF RIVIERA bEACH at its oif~c~ in the Ciry of Rivi~~~ Seach, Florid~, w wder, the suen of ELEVEN
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THOUSAND AND NO/100---------------------------------DO1~s~=11,000.00 ~
to9etl+er with interest ?herew~ « Fw~inaiter stat~d in montAly in~t~IlmMts of Eighty-S1X and 61~1~~-~-----
OOIWtS (f 86. 61 ~ Th~ fint monthly iro~allmeM shall b~ dut and pay~bl~ on tM IDttl ;
day of Mareh , 19 7 2 and sub~equent ins~allmints shall b~ ciue and paYabM oq tM 1 ~ th 3
day of each and every ulenda month thereafter until the pinc~pal and interest ue fully paid_
L~rger sums may b~ paid af any time, but the payment of sny such lar9e~ sums in add~t~on to ti+t paYmenri h~rcin reqvird shal)
not rel~eve rhe maken of rhe payment o~ tAe monthly insullme~ts hen~n provided fw, vnless ~t ~s speufKalty stipulated by the makers at tlr t
ume of p~ymen~ that such Iu9N sun+~ to M applied to tl+~ advanc• payme++t of ~h~ monthly installm~nn neat mat~riny in tM order of•
the~r due dates. All payments m~ upon this note sMll be +ppl~cd f'ast to the paymem of accrved inrerest x+d seca+dly ~pon the pr'~ncipa~. i
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ihis oblgsrion shall bea- inferesr irom dat~ ar ~hs ~are of seven & tW0- Pe' < 7. 20 P~' ~
until the p?incipal and interest are fully p~id. tenthS
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Interest fw each cakndsr month shall be accrued on the first day of said month and be computed on the v~paid balance of principat #
and interest existing on the last day of the preceding month. Th+s note shalf be considered in default when sny payment required to be ~
msde he:eunder shall not have been made within thirty days following in due date and shall remsin in default until ssed payment shall
have been msde. Whik in default, th~s note shall brar interest at tFx rate of 10% aer annum in lieu of the rate hercinbefore specified.
All makers and ~ndorxrs now w Aereafter becoming putiss hcreto p~ntty and seve~ally w~iw demand, norice of ranpayment and
proteat, and ~g.ee tMt in the event oi deiavlf in th~ paym~nt of any ~nstallm.ent due hcreui+der the whok of s~~d indebredness shall therr
j upon at ~F+e op~~on of tl+e holder, bccwne immediu~Fy dve and paysble. ~nd ~f ~hfs nota bcomes in defavlt sad is pl~ced in the hands ~
' of an ano.ney fw colkction, to p+y reasonable •ttorney's iees and all other costs for making such coflection.
~ This ~ote may be prepaid at sny time. ~
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F ; S/ Anne Chambers----- ~ •
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~ ANNE CHAMBERS
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g 1 Qhis no~e is secwed by • mw?gage of even d~tt eaecuted by tl+~ maken in favor of Community Federal Savings and lwn Aun. of Rivitra bexh) ;
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~ and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, tonditions, and ~
~ covenants of said promissory note and of this deed, then the estate hereby creaied shall cease and be nuU and void.
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~ AND the Morsgagor does hereby covenant and agree:
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1. io wr a11 a+d swiq~lsr tM w~~D+l snd inrereir ~nd o?Aer ~wro of mon~r wy+bl~ by v~r?u~ o( sa~d Prom~ssory nore a~ th~s mo~tqs~, w e~rMr. pomptlr
on tM d~ys .~sp~c~ively, rhe s~rr s~ver~Ily cowr dw.
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_ 1 to paY atl aod t~nqola~ ~he r~¦ef. aase»nun~~. lev.p. 6ab~hnes. opLqar.ons and .ncumbsnces oi ~ve.y narure on sa~o ocacr~bed poperry exA aod every ~
«hen due and paraGle xcwd~nq ro law. 6e(ae ~~er become del~^wem. and ~f ~Ae s~~.~e fMI1 no~ be p~wnPT~Y o+~d el.e Mor~q~qee mar sr any r~me a~her befwe
- el~er del.nquencr oar ~~e s~me w~~nou~ w~~v~nq or aNecr~ng r~e op~~on ro laecloae. w ar~r nqM he.c~•~dc.. a~d c.err o+rmen~ so made shalt bca• ~~rere~t fram ~
- •ne aa•e d+ereof ar rAe .ate wo-.~dtd ~rt sa~d p.om~siNr ~o~e
J To kep fFK b~~ld~nq~ snd ~II eq~;~p.nent ~nd personal properh now a h~re~lrcr on s~id pemists, covrred by this mcrrq~ye, insur~d in a swn ~t tu~t
- eo~~l to Me unpa~d bal~~ of th~s enortyry~, incl~d;nq fir~, earended cw~rag~ w~d v~r.d~l~sm ~nd maf~c.ous ~~su.ance as ro propert~ea otMr than Aw~lliepa. ~+d
f~re. •atcnded cover~ye ~nd apeci~l f«m other perils inswanc~ on dwell~nqs •IiqDl~ fq svch brwdened covcr_ ~e - pov~ded. howtver, Ny1 suth inauranc~ b~ in
amo~rn~ svff~cient ~o carply wi~h sny co-~rourenc~ rpv~rNr~e~h cove.inq ssme vnder M~ laws ol tAe :uN of Fiw~da. ~nd prwided fvr~Mr rhat the policy a po~~ci~s
= ~Aall A~ wr~n~n ~n s co~nprnY « comparwes ~nd Mrw+9A N+ ~pencY sat~sf~cwry to N» M«?qayee and t1+~t s+id pol:cy a polK~es sA+ll M hsld by tM Mw~psp»
` and sMtl E~ar • sta~dard IWw Yat Mwtqaq~ Clavs~ witAout co~nibvrion. ~nsk~nq tM loss under sad Pobc~es wr+bi. ro~n. Ab.~y.ye~ ~s ies inNreat m~y ppear: ~ ,
and in rM ~vem anY swn of maiey beco.n~s par~ My s~cA pol~cY a po'~u~s, tM M«~g+qe~ sMll Mve rM option ro race~w ~nd ~pplY rM s+nw on
sccow~t of tM ind~Et~dnrss heresy s~cw~A, or ro p~?m:t tM Mortq~qor to receiw ~nd vs~ ~t, a ~rry wrt Mtreof, fw oM~er pwposes. wiMout Nrreby w~ivi~q ~ ~
a~mpa~rinq ~nY pvity, lien, a riqh~ unetK Md Sy virew ol ~hia mwtpaq~: and :n M.~ evenf tM Mortyaqor doef not co~np~y with Mis co»nanf. tM Mw1y~gN ~ ;
- ^++Y Plac~ ~nd paY for s~ch imw~nc~, a~r D+~1 Mereol, wiMouf w~ivinp w~ff~cAnq tM option lo fp~clos~, a~ny nqht Mrev~der ~nd tM fvll ainawN of each ~ ~
~ snA evw~ s~cA paYrrrn~ aA~ll b~ imm~diateFp d~r~ ~nd WY+b~~ ~nd sh+ll Mx inMrest fro~ ~he dah rhereof ~n~il paid s~ ~I+t rate Wwided in said not~ and bqtM+er y,~ :
' witl~ s~cA inh~n~ sMll b~ senrrw b. Nr 6M of M~is nwr~9r9e. ~3 ~
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~ 1. TA~1 ~wpp~~. ~or. o~ owr 1i~ dvriwq Ib wwrtOop~ Nrw. ond iw iN diacrNan, oOplr !w r~w~vrol of iwr~yoN Owrowf~r iw~~r~wt~ cenrin~ 11»
~ wwlpo~ •¦.cu+ed br ~M vwd~npw~d on ~~~e doM h~r~wieA, por tlw pr~wi~wn dw by rwww tMr~p1, owd rp~in npop~ni bp tiw vwd~n7qMd el ~
~ucA siwovnb w ar• od.o~c•d by wid wa.?poyN In ~M w~n~ ol lailvr• ~r ~A~ ~~d.r.:pw.d w r~poy wid owounts p wid ~o~tOo~~. ~vcA I~ilvn doM ~
b~ cow~id~~~d o Mlovit, ond oll proris~on~ of tM noN ond iwort9o9~ w:tA reyord b d~fovlt slwll b~ oPp~icobl~. K
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- S. To pNmir, conr+u~ a svff~r no w~aN, impN~~nt a d~teriwstion d s~iA orap~.ry. or an7r p+~~ ther~ef, a~d vpon +M /~ilw~ of tM ~nor~q~qor ~o k~ep fM Gti1 ;
- A~ild~nq~ on s~:d p~op«ty in pood ca+dt:on of rpair, fM Morty~qN rn~y d~nd tM ~m.~d~a» rp~~r ot sud bv~IC~nyf, w~n ~ncn~s~ in rM a~naint of s~cw~ry, a .
- N» ~m~d~~N rp~ym~nt of Nr d~W Mr~by ~~cw~d and tM f~:M+n ol ~ JMatp~po. ro comply w~M stid d~nd of ~M Monp~q~e fw • pM~od oi M~rey q0)
= d+yf. ~hatl conar~tu» • br~ach ol ~h~~ nw.tqp~. ~nd. ~M ee~ion o1 tA~ Mw?wyN. ~~d~~~~ly ~rw~ fM ew?~n ~rna~+f of w:nc~od ad inNnsf Mnbtr
- ~~cweA. ~r+d inv.K~~NIy ~e~d w~t1.aA notic~, tM Mortp~pw m~Y i~~?iwr» procMdmqs to fa«los~ rAis matp~ya W+d applY fp IM ~ppaMme~t oi • R~c~~+r. a
~ Fers ^~ir~r pro.~cted