HomeMy WebLinkAbout1768 TO HAVE AND TO HOLD the same, together with the tenements, hereditameMs and appurtenances, , unto tfie
Mortgagee, in fee simple.
AND the Mortgagor docs hereby oovenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful right to convey said land in fee simple as aforeseid; that it shall be lawful fa the
Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from all incumbrances; that he will make such further 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
same against the lawful claims of all persons whomsoeve?.
PROVIDED, AIWAYS, that i/ the Mortgagor shall pay unto the Mortgagee the certain promissory ~ote of which the
following in words and figures is a t~ue copy, to-wit:
COMMUNITY FEDERAL SAVIN~iS AND LOAN ASSOCIATION OF RIVIERA dEACH
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~ ~urt~tt$e x~ote
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I RIVIERA BEACM, FIORIDA Mayl,~_i ~9 72 •
i being indcbted. /w v~lw received, the uedcri~pned 'pintly ~nd seve~ally p~omis~ to pay to COMMUNITY FEDERAI SAVINGS AND
LOAN ASSOCIATION OF RIVIERA 6EACH a~ in office in fM Ciry of Riv~er• ee~ch, Flo.id~, o~ o?d~?, tM ium of TWENTY
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; THOUSAND SEVEN HUNDRED AND NO/100-------------------ooiwests 20,700.00)
~ royethcr w~tA ietc~est thcreon a he~e~nafte? s+at~d in mw+t!?ly irot~llmMti of One Hundred Forty-Eight and
96/100------ oouwas es 148.96 Ttie ~uir ~~h~y inst~llment sh~ll b~ due and p+y~bk on ~n~ tenth
day of Oetober, 19 72 ~ u~d sobsequent insl~llmbnta shsq b~ due ~nd pay~blt al tM tenth
day of each snd eve~y uknd~r month thereatrer until ~he principal ~nd ~ntereit ~rc fvlly paid.
l,~rger sums may be paid at any time, bu1 the paymeN of ~ny such larger sums in addition to tF~e paymcnh herein rpu'ved thall
not relie~e ~he mak~rs of rhe p~yment o1 tAe monthly inst~llment~ 1+~?~:n provided ia, unleu ~t ~s specifically stip~rlated by tlw maken at the
~~me of paymcnt that such larger sums ~re ro b~ applied ~o th~ advance p~yment of the monrhly installments next maturirq in th~ wda of
their due dates. All paymenn mad~ upon this note sMtl be +pp~~ed fir:t to the payment of ~ccrued iMerest and secaed~y ~pon the pinapa~.
7his oblgation shall bear inte.est from date at tM rate of seven bc tW0- pa cent ( 7.20 pK anrswr+
until ~he pr;r+cipal and ~ntcrest are fu11y p+~d. tenthS
Interest for each cak~dar month shall be accrued on the first dsy of said month and be computed on the unpaid bslance oi principsl
and interest e:isting on the last day of thc preceding month. This ~te shall be considered in default when any payrrKnt required ro be
made he:eunder shail ~ot have lxen made within thirty dsys folbwing its due date end shell remai~ in default until said payment shall
have lxen made. Whik in default, this note shall bear interest at the rate of 1096 pe~ an~um in liev of the rate hereinbefore speciP~ed.
All makcrs and endo?xra ~ow a Aereafter becoming pa?ties hereto pinNy end uverally wsive demsnd, notice of na?~payment ~nd
prp~pt, snd ~gree tMt in Ihe event of defavlt in the p~yment of any installment dve hcreunde~ the whok of sa~d indebtedness sMll thn~-
, upon ~I tlx option of the holder, become immed'est~ly due and payable, and if this note b~comes in defavlt and is placed in tht hu~ds
of sn attaney (or colkction, to psy re+sonabfe attaney i fees and all other costs for making such collection_
I ! Th~s nore may be prepsid at any time.
, ; S/--Will.iam_D Mallinqer--.-----------------~AU
WILLIAM D . MAI~LIN6ER
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; ; S/ Norma D . Mallinger_.___,______._ _
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E ~ NORMA D. MALLINGER
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~ F (This note is sscwed by a mortgge of evcn date e:ecuted by the maken in favor of Comm~mity Fcderal S~vings and loan Assn. of Riv'~era Besch)
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~ and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
~ covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void.
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~ AND the Mortgagor does hereby covenant and agree:
~ ~o wr ~„e sinyul~r ~M q~ncipal ~nd intKes~ and o~her sums ot ~w~+•r wr+bk ~r virhre of sa+d a~+~ssory no~e ~nd this maty~g~, a either, powptly
~ cn rM d~ys r~spectivety, the same srvM~lryr cwrr due.
s
~ l io o+y •1~ and s~nqulu +he ~ue~, nstssments. ~e.~ef, i~sb:t~r~es. obLqanom ~nd ~nc~mb~arxes o~ .rery nar~.e on sao aexnbed popaW exA snd every
~ «1,e~ due and par+~le xcwd,nq ~o I~w. pe(ae rher Decome deLoquen., and ~f ~he ume shall not be v~a^Dt~v va~d rbe JNoreqiqee may at any ~~me a~her be~ae
~ alie. del~npvencv Pav samc w~rhou~ wa~v~nq or alfecTmq rhe oouon ro faedose, w any nqAf herevnder. ~nd erery paymem so m:de sball be~• mfrrest lrom
~^e da•e rhe.eol a~ rhe .a~e o~o~~ded ,n sa~d ppom~s~av nore
~ To kep the bv~ld~nps N+d at! eavipment ~nd pe~son~l poperry now a herea/ter on s~id ptm~us, corr+ed by this mortq~g~, inswed in s aww ~t {ea~t
eawl ro ~Ae unpaid bs~~nc• of N+~s morty~qe. incl~drq fin, e¦tended cover~ge ~nd wndalis'n snd mal~c,ovs ~nsu.~nce as to properties otMr lhan dywllinps. ~rd
~ t,re. er~ended cove~aye and special (wm o~her penls imw+nc~ on dwell~nqs eligible (d s~rcA bwdened cover_~e - pov~ded, however, that wcA insur+nc~ b~ in ~
~ •mounr svff~cienr ~o comply witA anr co-;nsuranc~ rp~iremenb coverinq same vnd~r iha t~ws of tM :~at~ of Fiorida, and provided lwther that tl+c policy a policiea
r' ~MII b~ writ~~n i~ a coir.W~~y w compani~s and ~hrw~yh ~n ~qencY utislsctory to fhe Mwty~qee ud th~t s~id pol:cy a pol~cies sAall b~ Aeld by tM Mwf9~9~
~nd sh~ll be~r • st~rd !Nw Ywk MwtqsqN Clnrs~ w~tlw~t contriEvtion, makirp Mx lou ix~der said polKies paY~bM to ~he M«tQ~qN u iy iMMNt It1iy ippl~fi ~
~nd ~n N+~ evant ~nY wm o( ma~ey becomes WY+bN ~nd~ anr s~ch policy a po~ieies. t1~e Mwt9+yee sAall Aave tM option to receive snd ~pply ~!w s~rrw an
xcoun~ of ~M :ndebt~dness Ae~~by s~cured, w ro pNmil tM Mptpaqor ro reteive and uu .t, or ~ny part tl+rreof, iw other pirrposef, withovl tMnby w~ivinq ~
~ a imp~~rinq anr eW~~Y. lien, a r:qh~ ~r.Jer ~nd by r:rtw of this mw~pp~: ~nd in Me event the Morty~qw does no~ canpN with Mis covar~ant, th~ Mwtg~9e~ ~
msy PI~c~ ~nd psY 1w wch imwsnce, o? ~nv ox~ tlKreof, wiNwut wiivi~p or sH~ctiny tM ovt~on w fw~clw~, a~ny riyht Aerevndn u~d the full arw~wn of e~ch
~ rd ~vwr wcfi paYm~nt sfidl b~ :mm~d'utcly dve ~nd phr~bft ~nd ahdl be~r intera~ irom the da~e tAareof ~mril paid at ~he rate w~~d in said not~ and togNl+tr M
~ +r~+~ s~rd~ :neerest shall b~ securw by rAe I~~n ol tl+is rnwty~ye. \r
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~ 1. ?1~1 ~wt4pN. ~op, et owp tiw~ d~rieq tM wartoo~ Nrw, ond in ifs di~cretio~, oPplp lor r~uN?d o~ wwqo~ oYOrenlp i~wro~c~ cewriw0 IIw
wqrlpoy~ ~a~cvl~d by 11w vnd~rtpn~d o~ ~r~e doM her~rith, pop IM premiu~s dw br ?wson ~Mreol, awd rpuir~ tepop~wf bp tl» ~wd~nqw~d o1 Oc4
~ ~vch oiwovnM os o~t od~onced br wid nwrtpopte In ~he e~en~ ol lo~l~r~ by the vnd~rsipn~d b r~por wid owovnM ro wid ~wutOaON, arcl~ leilur~ sAotl O~
y~ M coesiMr~d a delouh, ond dl prorisions ol tM nob and ~wortpa9e .it6 repord to ddoul/ sholl b~ opp~icobb.
~5
~ 5. To pKre~it, carvnit a s~lf~r no w~s~~, imp~irment w de/er~w~tion oi uid o~aW«Y. «+^Y D+~~ ~reof, and upon rM f~ilw~ of tM matp~yw 1o k~p tM
~i b~ild~nqs oe~ s~id w~h 9~d tond~f~on of r~pair, tM Mortp~qN inay d~m~nd tA~ irnmediat~ rp~ir oI sa~d bv~ld~rqf, a~n inue~s~ in M~ a~namt d wcwify, or
tfw imrn~a~» r~paym~M o1 N» debr I+ereby setvr~d ~nd tM biMw~ of tM Albrtp+pw w corroly w~th s~~d dem~nd of tM Mwtyaqe~ fw • pKiod ot M~rh (30)
~ d~Y~, shall conatifv~~ a be~ch of M:~ mwfpq~. +nd. ~t tM oprion of IM Mortq~gee, imm~d~~~~ly m~fw~ IM e~tir~ ~ma~nf ol pincip~l pid inh?MI Atr~by
~J; iec~red, and ~~*.~^e~~s»ly s~d wi~?avl notice, tM Mortpsye~ rryr imtitvN procMd~nqf to /u~clos~ tAif mp~y~p~ i~d apply fw M~ •ppo~ntmenf o1 ~ Rec~~v~r, n
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