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Home My WebLink About2334 ' , . ~ , , . . .'ti~ TO HAVE AND TO HOlO the same, together with the tenements, hereditaments and appurtenances, uMo the Mortgagae, in fee simpte. ANO the Mortgagor does hereby covenant with the Mo~tgagee that he is indefeasibly seized of said land in fes-simple, that he has full power a~d lawful right to oonvey said land in fee simple as aforesaid; that it shall be lawful for the Mortgagee at all times pcaceably a~d quietly to enter upon, hold, occupy and enjoy said land; that said land is froe from all incumbrances; thst he will make suth further assurances to protett the fee simple title to said land in the Mortgagee as may reasonably be requi~ed; that he does hereby fully wa~rant the title to said land and will defend fhe same against the lawful claims of all persons whomsoever. PROVI~ED, ALWAYS, that if the Mortgagor shal) pay unto tAe Mortgagee the ce~tain promissory note of which ihe following i~ words and figu~es is s t~ue topy, to-wit: ~ ~ COMMUNITY FEOERAL SAVINGS AND ~OAN ASSOCIATION OF RIVIERA dEACM ~ ~IIr#~tt$e ~o#P ~ RIVtERA dEEAAdI. FIORIDA y7j~Qi o;3 ~ 19 72 • ~ d~irg indebt~d, fo? valut receiwd, tM w~deniQn~d jointly and s~ver~lly promis~ b pay fo COMMUyl~~DEgAL3,l~Y1AK'tSJ1N0 lOJ?N ASSOCtATION OF RIVIERA 6E/1CH ~t i~s offio~ ie the Gty of R'wier~ desch, Florida, a ade?, the ~wn of 1~' TtlUllSANli FIVE HUNDRSD AND NO/100------------------------------oo~w~scs5,500.00 ) j~ope~~ w;M ~m~nst theroon as h~rsinaf+e~ itated ~ moethly ~nst~llmtnK of 011e Hundred Nine and 43/100 ~--------------oowuts cs 109.43 ~he +~rs. t~t.ume~~,h.n bs dw .~a pq,.b+. m th. tenth ~ day of a7L11y 19 72 ~nd svbsaqu~nt ins~allmems sh~ll b~ dw and payaW~ on ~hs tenth ~ day of ~ach and every cakndar month the?~sha until tM pincipal and intcrest an fully p~id. ~ l~ryer sums may b~ paid at ~ny ttme, but fhe payment of •ny such lu~ suee~ in addition to fM payments herein requirsd shall ~ not relieve the mak~rs of the payment ef the monthly i~sallmenn hercin provi~ed for, vnku it is sp~cificdlr st~pulat~d by the rn~k~n N th~ I rime of payrrKnt that such lu9er sums sre to bc applicd ro the advance psyment of the monthly inttaltments rrxt maturiny in tM wder d y theK due dates. All payments mad~ upon tAis note shall be .ppl~ed f~rs~ ro th. paym.nt of .crn,ed interest and secondly upon th~ princip~l. i This obli9ation thall bea~ interest from date at th~ ~at~ of seven Sc tW~~t@Ylt~'1S pa anf ( 7~ 2 per ~nnum until tFN ptintipal and interest ~ fvlly p~id. I I Inter~st for each ukndar month shall be acvued on the fint day of sa~d moml~ ~nd be computad on the unpaid balanu of pri~c~pal ~ ~nd ]n~erest ez~stin~ on the lut dey of th~ preced~ng month. Th~s note sh~ll b~ coni~dered in defsult when ~ny p~ym~m r~quir~d w be ; made hereu~der shall not have been m~dt withio thirty days folbwirp its due dale u~d shall remain in def~uk until said p+ymem sMN hsv~ bKn m~dt. Whil~ in d~fauN, th~s note shall beu interest ~t th~ r~t~ of 10% per ~nnurn in fieu of the rate Iweinb~fwe specliNd. i • All maken ~nd endorurs now w hereaher becam~rg puties her+ro jointy and severally waive d~nand, no~ice of noe~paymem ~nd ; p.orest, ~nd ~yree that in rhe ~vent of def~uh i~ the paymenr of ar?y insrallmsnt due FKrtunder t1+~ wlwt~ of sad ird~btedneu shall ~FKre- ~ upon at the option of tlr holder, become immediatsly dut «+d p~yabk, ind if tlrs not~ becon+~s in defavlt and b pl~ced in fh~ 1++nds ~ of ~n atarney fw colkdion, w p~y nasa++bk ~ttane~/s fees and all other cosn for makieg auch colkc~ion. i i This not~ may be p?epaid in whok or in pa.t s~ any rime wnhart p~nahy_ i i S~Pat ick Turner _ __~wu i I ~~-'7'IIRN~I~-" ~ ~ ~ ______---------cs~wt~. i ~ € -~--~Sarah _D~ ~.7~~_-----------------~5~?u ~ ~ SARAH D. TURNER ~ ---------------~~u ~(This note 's iecured by • mo~rpa~ of even dats executed ~r the rnakers in favor of Cannwnity Fed~ral Savinpi a~d lou~ Asm. of Riv'ier~ d~ad+) ~ ~ . . ~ and shall promptly perform, comply with, and abide by each and every the siipulations, agreements, conditions, and covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void. ~ AND the Mortgagor does hereby covenant and agree: ~ ie wr sM and s~nqut.. tM winc:pal and intwnt ~nd otiw sums of monw wt~~We bp virxn o( a~id prom~ssory na~ and this mortpp~, a~ither. Pro+~PNY o,~ tM dprs .~sp~ctiveM, tM sam~ s~aly cawr dw. ~ 7. To paY all and sinqulu ~Ae N¦d, assessmen~s. Ie,rKS. I~~b.!~t~es. obl.qahonf and ~~cwnb.ances ol rvery na~we on sa~o oexnWd pop~rry exA and every r.hen due and wya~le xcad~nq ro I~w, befwe thev becane deb.puenr, and if ~he same shall not be promp~ly p~~d the Mwtq~qee nuY st anY trme eitAe~ be/oie ~ cr a(~es det~nq~.encr oav ~he ssme w~~Aou~ wa~v~nq a aifec~~nq ~he oenon to iueclou, a anr nqAr Aerevnde~. and everr P+vmen~ w made sAaH bea ~me~es~ lran ,'+e da~e ~Ae.eol ar ~he ~~re wo.~ded ~n sa~d w~~ss«r ~ore. = 3..~ To kNp ti~e puildngs ~nd atl eq~ip.n~nt ~nd p~rson~l poperty rwr+ a h~re~(te~ on saiQ peinius, cmrored by tA~s rnwtg+q~, iruur~d :n • sww N Mait ~ eQwl b tM w+pa~d b+lanc~ of tA;s morty~ye, incl~dinq fin, e¦rended co.rNaye ~nd vand~l~sin ~nd malic~ovs imwance ss fo propeniet otMr Nun dw~~lirg~, and ~3 fir~. •~tend~d covsay~ ~nd apecid torm otAer perih irauranc~ on dwetlinqs NipEl~ fw s~xA boadened cover_~ - povided, how~ver. Nw1 w~h iequrants b~ M w ~mount suificient ro compN w;th any co-irow~nc~ rp~iremenb coverinp s~r~e und~r Nr laws of the _N» of Fiaida, w~d wovided fwM~r tMt the poliqr a polews ~ ~h~ll Ee writqn in • cornp+ny w co.noanies ~nd tMo~yA ~n ~pency sa~isl~csory to ~M N1ony+pie and tl+~t asid policy or pol~c~es shdl b~ held bp Nr Mwppw ~ a~d sMtl bw • sqndxd AMw Yak Mwtp~y~~ Gl~ua~ wi~hw~ contribv~ian, nukinp the los~ w~der a~iA pol.cies p~yaAle W ehe Mortp~qN as iri inw~st auy aq?ear; ~ s ar,d in tM want any sun o/ money bcca.»s WYSbM urder ~r s~ poliry a Po!~ues, the Mortqsqe~ shall Mw fh~ oWion ~o r~oaiv~ ~nd ~pply ~he urn~ on accow~~ of N» ind~badness Aer~Dy s~cvred, a a permif M» Mwep~yor to receiv~ and ~ it, a a~y pMt Nnreof, for other purpose~, withw~ tMnbtr w~ivFny nd bh ~ q~pr, snd in N+e ~vmt tIN Morf ~ a Mw+~~M9 +~Y ~W~H, lien, w rigM undar r~d by virlw oi NNS nwrt ~9or don nW conwh with dws covantnl, tM Mbr1p~9M ~ • ~naY v~~ wd pay for wd~ inswana, a+iw vx~ tMreol, wiNwut wa:vinp a sff~cfirq tM uvtion a for~clw~. a wnr riqht Aerwnder and the fvll ama~ o/ e~ch •nd e~rwr wd~ wYnwN sMll Ae iwrmdiateF~r dw and prpaW~ and sh~fl ber inlKes~ fran ~he d~te tMrao( unril paid ar the rate povided in said noN and roqMMr ~ witA sucA in~pt shdl b~ s~cur~o by ~M lan d/his ~wwty~y~. Oi ~ ~ 4. TAe~ ~wt~ps~. ~sp, ot awq ti~ d~rip M~ .o.fOe~ br~, ewd is i1s d'ac.Niow, eVpl1 fw rMN.d of ~wryoy~ ~wreMy iw~wewc~ av~in~ ~M Q ~~:~c~~d bp Na Ywd~nipn~d on ~.~w dat~ IKrNiiM, poy fM prewiwn dw bp r~ow~ /1»noi, w~d r~q~ir~ ~~pepw~wt bp tIN w~d~rsiOw~d e1 such oiwoueb os w~ od.owc~d b~r soid ~ortpooe~. In tMe ~renf of loilv~~ bp tl» vnd~~iqw~d b rpor wid wwovnb /o wid ~orpo~~. ~ncA (e~~?~ thoM b~ cowsid~r~d a d~favh, oed all proo:siows of H~ noM vwd ~poo~ ~ith r~yord ro ddavh shoN b~ opplicoW~. ~ ~ S. To vMmit, conv~dt a suffa no wwu, inq~ir~rwnt w d~wiwrNan of said woW~~Y, a+rw o+~~ tMr~of. ~nd uPa+ NN bilw~ d ~M rnony~qor te k~eP iM Euildi~g? on aaid p~op~rtp in pood eaditian d rp~ii, tM Morty~qw w~ d~ww~d tl+~ pwn~diaH reoNr d u~d bo~ld~nq~, w an .ewws~ in fM amouM d weurifp, or ~ ?M inr~wdi»~ r~phrn»rM of dy d~bt MrebY ~~cu~~d ~nd tM ~~ilu?~ of dw AbrtY+Oer w cweDrY wiM s~id d«Nnd of t!r Matp~pM for a p~riod o1 M~irM (30) ~ dav~. ~~11 ca+s~~w~~ • bre~eh o/ Mu~ inwty~q~, wd, st tM aWion o/ 1h~ Monp~pM, irnn~daah nwtw~ Nw ~n~in ~eno~wa d p?incro+t w~d inNryt h~r~bY secn.red. •nd im.-.ci~ar~ty urd withaR notie~, tM Matpapw mnr i~sfihM poeNdinpa ro fa~clot~ this monq~q~ and pplr Iw tM ~ppointment o1 • R~ce~ve-, a~ ~t'a . ea ~ ' ~ ~ ~ ~ :r'a. ~r s '~~T.a ~.P ,.r n . ~ ~ . g~ A- r ~ , ' ~ ~ . , . ,~m:-_ :.:i ~ ~ ~ _