HomeMy WebLinkAbout2395 TO HAVE AN~ TO H01D the same, togethar with the fenements, hereditaments and appurtenances, unro the
' Mortgagee, in fee simple.
AND ihe Mo~tgago~ does hereby oovenant with the Mongagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful ~ight to convey said land in fee simple as aforesaid; that it shall be lawful for the
Mo~tgagee at all times peaoeably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from all incumbrances; that he will make such funher assurences to protect the fte simple title to said land in the
Mortgagee as may reasonably be required; that he does he~eby fully warrant the title to said land and will defend the
same against the la~prful claims of all persons whomsoever.
PROVIDED, ALWAYS, that if the Mo~tgagor shall pay unto tAe Mortgagee the ce~tain promissory note of which the
folfowing in words and figures is a hue copy, to-wit:
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COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION Of RIVIEltA 6EACH
~urt~~~e x~ote
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~ RIVIERA 6EACH, FIORIDA March 19 72
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i 6einp indcbred. fw valw reaived. the undengned ioin~y and iever~lly promise ~o pay ro CQMMUNITY FEDERAI SAVINGS AND
LOAN ASSOCtAT10N OF RIVIERA 6EACH N its office in tM City of Rivier~ se+ch, Florid~, o~ wder, th~ tum of TWENTY-ONE
' 21 500.00
; THOUSAND FIVE HUNDRED AND NO/100--------------~---- 0O1~s~= ~ ~
i toyerha witA intercst the?eo~ « hK~~sf~N u~nd N+ moorhy ~e~~~~~s of ONE HUNDRED SIXTY-NINE AND
' 29/100-------oo~uas cs 169 . 29 The first monthly ;~„ii„+~~~ ~n.n b. a~?. ,~a ~.bw f~?. lOth
i day of May t9 72 u~d subseqve++~ insullml~ts shsll bt dw and p~yabb oq tM l~t~'1
i
day of esch and every catendK nan~h thereafrer until the princ~pal and inte?est are fully paid. '
` lprger sums may b~ paid at ~ny time. but the paymeM of •ny suth lar~ sums in ~dditio~ to tiw psyments h~rtin rpuirld shall
j oot relievs the maken of rhe payment oF ~Ae monthly inst~llmenn here~n provided for, unless ir ~s specifically ~tipul~ted by th~ maken af the
; t~me of payment ~Mt tuch iuyer sums ar~ to b~ applicd to tM ~dvsnc~ psyment of tM monthly inst~llmenb ne:t mstwiny in tM o~der of
their dw dstes. All payrrKnts m~de upon this rah sh~ll be ~pplied i'rst to the payment of accrued interat ~nd ~econdly upa~ ths principal.
I
` ihis obli9+tion thall bear interest from d~t~ at ~h~ rate of seven Sc tW0- ~«^t ( 7. 2~
, ~ until the principal and ~~N~~ f~~y p.~d. tenths
~ Interest for each cakndar month shall be acvued on the first day of said month and be computed on the unpaid balance of principal
' and interest existing on the Isst day of tht preceding month. Thh note shsll be considered in defauh when ~ny psyme~t required to be
~ i made he:eunder shall not have been made within thirty days followi~g its due dste and shall remain in defaulT until said payment shall
~ ; have been made. Whik in default, this note shall bear interest at the rate of 10% Per annum in 1'~eu of the rate hereinbefwe specified.
~ ~ All makeri and ~ndoners now w hereafter becominp pvties herero pi~Ny and serrrally wsive dcmand. notice of ra~rpaym~nt and
~ ~ pro~est, and ~ee that in fAe event of default in tM psyment of sny ~natallment due hereunder the whok of sa~d indebtedneu shall thert
~ ! vpon at the option oF the holder, become immed~atdy dw and payable, and if this raa becornes in defauh and is placed in tM h~nds
~ t of an attorney for cdkction, w pay renonabk attaney's fees and all othH costs to~ makiig such colkction.
s ~ This note may be prepaid at any fime.
; _~s~_._RONALD__C. _PETE~S_Q~L_-_---------(s~w~
~ /S~_.VIRGINIA Rt_.. PET~~Q~I~_~__~wu
~ ~
~ - -
~
k
~ ._'_~_~_"_'~\ra^y
c
t (This note is arcwed by • matg~ge oi eren dat~ executed by the rrNRers in favor of Communiry Fedenl Savings and lw+~ Assn_ of Riviera Beach)
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~ and shali promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
~ covenants of said promissory note and of ihis deed, then the esiate hereby created shall cease and be null and void.
~
~ AND ihe Mor~gagor dces hereby covenant and agree:
~
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1. Io pa~ a11 and sin9ul+r th~ p~nrip~l ~nd ~nwrest and otMr sums of moner pnrabl~ bp v~rtue oi s~~d P~~~ssary nde and this mwtp~g~, a eitfia, parptfy
p on tM d~p re~p~ct~veh, th~ s~n+e s~w?allp ca+r du~.
~
l. To pay alI and unqular the taacf. ~ssessmems. lev~~i. I~ab.6t~es, ob~~qat~ons ~nd ~ncumbsnces ol .very narvrc on sa~o oescnbed poperfy exA ~nd eve~y
; wAcn dve ~nd p~raDle rccad~nq ro t~w, befwe Mey bscome del~np~enr. ~nd ~f rhe sa.~e sh~ll no~ be p.ompely pa~d ~e Mw~q+qee maY ar any t~me ei~her btfpe
d al~ deLnquencY paY ~he same w~rAO~~ w~iv~nq w affec~~nq rAe opr~on to Idetlose. w~ny ~~gh1 hereu~+dcr. ~nd everY paYme~t so made ahall be~r ~ntercfl from
~t rhe di•c ehereo/ a~ rAe n~e pro.~ded ~n sa~d prom~ssay nore
To kep the b~ildnps ~nd atl ep~ipmcm and persona~ w~tY now a heresNer o~ said pem:ses, cov..ed by tl~is nwrt9~, inswed i~ • sum ~t leaft
eQUal b Me unp+~d b~1~~ of Mis mwtp~g~, includrp fir~, talended covsrsqe ~nd vsnd~lism snd malic~ous :nsvrance as ro poperties otMer tlw~ dv?d{inpt. ~nd
fire, eitended coveray~ w+d speciat form otAer perils iruwanc~ on dwsl~inqs ~Ipible (a s~ch b~wdened covr_ ~e - pw~ded, howwer. Mat such irnuranc~ b~ in ~
anwunt ~v(frciMt ro corrwlY with ~ny co-irowanc~ rp~riremenb cavcrinq sam~ vnd~? ~M I~ws of tM ;~st~ of Flw~d~, and provided fwtMr thar the policp a policiw
sAall b~ wr~n~n in a canwnY a c«nv+ryH +r+d ~W9~ +v~r s+f~sf~crory to Nw Mw~psye~ +nd ~Mt sa~d pol~qr O/ pOl~tifl ?l~+11 b~ held by tM 1Mortq+pM
and shdt bw ~ stwdrd New Yak Mor~y~yN Clws~ withw~ contribvtion, makieq tM bss w~de~ s.~d Po1K~es p.rabl. a Me 1No.+9.p.. ss ih inwes~ myr ~ppen:
and :n N» event ~r swn ol mwwY Deconrs WY+DM ~ndu +nY s~cfi Policp w po!ici~s, fht Mwtyaye~ sAall Mw ~M oDtion ro r~ceiw and MdY Hw w~ on ~
~ry xcow~t o( ~he :nd~bMdness he~eby sec~r~d, w M pMmit ehe Matp~pw ro receiw and us~ it, or sny part Maeo/. (a oMer purPos~s. withovt Nwreby w~ivwq
- or iero+~r:rp ~nY ~W~h. li~n, a riyAt wid~r and h~ vi~M of this ~nort9+9r, ~nd in 11~ event the Mortp~qor dws not canPh wi~h Mit coven~nt, tM Mort9~9~ ~
m+y plac~ +~d wv fw wch im~xanct, w~nr P+~ M~~. without waivi~p w ~ff~ctinq tM option ro f«~ctow, a arnr riqM I~erevnder and tl+e fvll ~moum oI s~
anQ evrry sucfi pa~nren sh~ll b~ ~~.~.dwkh d+• «~a wr+a. +nd s~+.u bea interest f~om ~ht date thereol unGl psid at the rate pov~ded in ssid noN and WqeA+e?
- w~eA sud~ inle~esr ~It h~ secww by dw INn ot this rnonya~.
; 4. 1M~1 w~w~~, wef~, d ahr fiM dvrinp 11N ~worfoo0~ hrw, owd i~ ih d'ncntion, oPply ior r.w..el o/ .wboo. aY«awh iwwrowc~ cowrieq 1M~
~ ~erf~po~ ~a~cvt~d b~r ~ ~wd~rsipn~d ow ~~n doN Aer~with, pap tM pren~ivwn dw br rwsow fMr~o(, osd rpvin repap~nl bp tlw ~wdNSi~w~d ef A~
:~5 ~och o~ovnls m on od~onc~d by wid wwrtpo~N. In ~M e.~nt of fo:lvr~ by ~he ~wd~rspn~d M r~~ ~oid a~wovnfa ro wid ~wrtyo~N. ~vch leil~r~ ~oll p
b~ tonwdsr~d o d~(aoN, end dl pro~i~iom o( M~ noM ond ww.t9op~ +~~tA reyard ro d~foult slall b~ opplicobb.
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S. To prmie, canrnn w ~vff~r no wast~, irrw~irn»m a d~M.:w~tion d uid praprtr, w any vsn rh~reo~. ~nd won ~M /silw~ of tM mwty~qw ~o k~ep NN
Euild~rq~ on Nid pop~r~Y pood <ond~tion o( ~~Wir, tM Mo~tqapM ~y d~nwnd tM ierwMdiN~ r~wir of ~aid bu~td:nq~, w~n inue~ :n tM ~mounf o1 s~curity, a
tM i~m~ed~se~ rp~y~nent o/ tM deM her~by s~c+w~d ~nd N» isilvr~ of t!r Mwtp~qor q coinply w~th said d~nd of ~M Morfp~p~e fw • pMiod oF th:~hr (70l
- d~vs. Jw11 eanritw~ • breacA o1 rhi~ e~wrtp~q~. ~nd. ~r rl» oprion o1 dw 1rlwty~qK. :men~d~aiely rrynx~ Mw ~ntin ~rr~t d prineip~l and in~nst I~~by
{KNfA. ~Rd ~rnne~~~r~ly Md w11~10Y1 nOtit~. tM Ma~p~y~ mar imtiM~ P~«~~np~ w t~~ctos~ rh~s mwtp~y~ n~d +Vph~ tw tM +oPanrnam of • R~c~~va.
- 1e•~ -~r•., p,o.~.<~~