HomeMy WebLinkAbout0526 ~ Lf l~
.
TO HAVE AND TO HOID ihe s~me, together with the tenements, tie~editaments and appurtenances, vnro the
Mortgac~ee, in fee simple.
AND the Mortgagor dces hereby covenant with the Mo~tgagee that he is ir.defeasibly seized of said land in fee simple,
that he has full power and lawful right to convey said land i~ 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 ~aid land; that said land is free
from all incumbrances; that he will make such funher assurances to protect the fee simple title to said land in the
Mortgagee as may ~easonably be required; that he dces hereby fully warrant the title to said land and will defend the
same against the lawful claims of all persons whomsoever.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mo~tgagee the ce~tain promissory note of which the
foUowing in words and figures is a true copy, to-wit:
~ COMMUNITY FEDERAI SAVINGS AND iOAN ASSOClATlON OF RIYlFRA BFACH
k ~~Dr#$~~~ ~AtP
~ RIVIfR/l BE/1CH, fIORIDA Al1CJUSt ~ ~ 19 72.
' 12'r'. '
8einy indebted. fa v~lue received. ~ht vnders~yned jointty and severally promise' ~o pay ro COMMUNITY ffDERAI SAVINGS AND
~ IOAN ASSOCIATtOM OF RIYIERA BEACN at its offioe in ~he City of Riviera 8each, fbrida, w~dn, ths ~wn of ~ENTY-Z'HT~
; iFIOUSAr'D EIGHT HUNDRED AND NO/100~~~~w~.~w...ww.w.~n~.~~~.~~ op~ ~ 22 ~ g00 .00 ~
~ royerher w~rh interest rhe.ron as hcreinafte. a~ared ;n ,ronthlr ~~,.iun.m, o~ Ohe' Hundred Sixty-Four and ~7~1~
~~S 164 .~7 T1+c fint iiut~llment shall be due and pay~bk on the tenth
i
i d+Y o~ September 19 72 and sub:equcnt instillments shall be dve •nd p~yabk on thc tenth
~ day of each ~nd every uknda month there~her untii the printipa! and intcrest art fully p~id.
larger swns may be p~id at any Y~me, but the p+yment of any such larger ~ums in adslition to the psyn+eMS here~n rcquired fhall
' nor .el;eve tlx makers of the payment of fhe mon+hly i~tallments herein provided iw, unless it is specifically stipulated by the makars ~t the
i nme of paymeM that such Isryer sums are ~o be ~pplied to the a~lvance payme~t of the monthly inst~Rments next matwing en the order of
their due d~tes. Alt payments m~de upon thFS note shsU be applied fint to the paymtnt of ~caued interest snd secondly vpon tlx p~incip~~-
j Th~s obGgstion shall bear interest from date ar tF+e ~ate of seven & t~d0-tenths PK 7. 2 x~
; per annum until ~he prinupal ~nd interest ~n fuliy p~id.
tnterest for esch ulendar mon~h shall be sccnred on tF~e first day of :a~d month ~nd be computed on the unpeid bala~ce of-principai
~ a~d inrerest existing on the last day of the prcceding month. This note shall be considered in defavh when any piyment requ~red to be
made hereunder shall rwt have been made within thirty days folbwi~g its due date and shsll remain in default until said p~ymem slwll
Mve been made. While in def~ulf, th~s note shall besr imerest st Me rate of 10',{s per ~nnum in liev of fhe rate htreinbefwe speciflsd_
All makers and endasen ~ow or hereafter becomin~ parties hcreto jointty and uvcrally waive de~~nd, notice of non-payment and
; prorest, and aQree thst in the event of default in the p+yment af ~ny ins?aNment due hereunder the whok of sa'~d indebted+xss shall there-
~ upon a? the option of the holder, become imrnediately due and p~yabk, snd if t!?is ~+ote becomes in defsuh ~nd is plued in the Mnds
i of an anorney fw colktlan, ro pay reuonabk ~ftwney's fees and all other cosK for msRing such colled'an.
~
~ This note msy be prepaid in whok or in paA ~t any Kme withouf pen~hy.
~ ~1..~1d2:S~_JfiL.__.?Is7II.P..S~._~_~.
•----------~U
! RICHARD W. JAMES
G ~----~---cs~W
~
j ~.L. F~y--~,...---~ s----------------- ---_c~,?u
. FAY A. JAMES -----..._.t~u
`
~(ihis note 4 secued by • mortyage of even d~re executed D~ rhe maker~ in frvor of Community federal Saving"t and Loan Assn. of Rivien Beacfi3
and shall promptly perform, comply with, and abide by each and ewery the stiRulations, 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:
1. To wr «+d si+qutx ~I» pi~c~pd u~d 7nrerese and ahe. swru of money pa~rable by v4nre o/ sa~d prom+ssory note and N~i: m«t9aqe, a ~irher, promptH
on Hw d~rs re~qctiveM. ~he s~en~ sevNSltp cwm d„~.
2 to paY dl and s~nquly r)~e oaaes, nsrssments. 1N~es, I.ab~L~~es. ebhqauMS +nd ~ncu..,brances of rvery ~a~ure on sa~a orscnbed properry exA and every
w~er+ d:.e ~~d p~v+~te xcwd~og ro ~aw befae ~hev beco.ne de~~~+a~cm. and ~f +he same sh~ll oo~ be promprfy pild ~?~e Mongagee mav af any ~~me e~~her before
a~~es del~rpuencr pav ~he sa~ne w~~~oor w~~v~nq o. sHecnng Me opnon re fo.edose, o~ ~nr nqht h~reunder. and every PaY^'en~ so made shsll bea• ~nterest from
+ti~ da~e rh~.Mf ~r rhe .a+e po~~ded ~n sa~d prom~iswy no+e
3. To icNp the buifd~nfls ind all tqviprt~rnf ~nd ~peisons! property npw a ~t~eairer on siid p~emises, cov!red by th~s tnor~9~g~. i~surtd in s swn ~t ksfl
epwl to the w~psid ba~anc~ of this mwly~ge, inclvd~ny fin, e¦tended cwerage ~nd v~ndalism ~nd malic~ous ~nw~xrce as ?o poperfies orher th~n dwellings, and
fire, e~tended coveraq~ and specid iwm other Ferils ins~x~c~ on dwcli~nqs ~lyible tor s+xh boadcned covcr_~e - pror~ded, howwer, that s~ch imw~nc~ b~ in
•mau+t s~rff~ci~nr ~o comply w~tA any CPiMW~fK~ requiremenri coverirq sa~ under Mw laws of tM ;uro of Florid~, u~d pov~ded fvr~her Mat tFx pol:cy or pol~cip
ihall be wrinen in • comptny a cornpanies ~nd throuyh ~n yencY sansiactory to tl+e Ma+9syee and ~h~t ssid palicy w po1'rcies sMlt b~ hcld by the Mwlysgee
and sMtl beu • sew~dard New Yak Mor~q~~e Claus~ witAwt co~tribwion, m~4irq the lou u~der said pol~cies paYSbk fo the Ma~ype~ +s its interest may ~ppear:
and in tM event ~nY swn of ma~ty becwnes p~Yabl~ ~x+d~r any svcA policy a p~'iaies, the Mortgaqe~ shall have the option ~o receiv~ ~nd apply Hw sa~w on
xcount of tM ind~bt~dness her~by secwed. a ro Wrmir eM Mortpayw ro receire and vs~ ~t, a arry wrt thMeof, io~ other p~rposef, without tMreby waivinq
a wnp~~~iny u`y eqviry. lien, a right ~x~ckr and by virtw ot this mortyaye: and in ~he even~ the Mw~q~gw does not comply with this covrn~m, tM Mor~q~qe~ ~
m+r P~+« ~ W~ far s~+ch 'vnwanca, w Mv P+N ~~wut w~ivi~y a ~ff~ctinq tM opr~on ro fuaclost, a~nY a;ybt herew~der and the full amo~wN o( exh
and evwy such p~y~nt sfiall b~ ~nvn~diarcly c'w and Wpabb ~nd sMll bear in~erest irpn ~Ik dste tAereot until psid a~ ~he .are p.wided in s~~d non and toqeM~e? V
witr sud~ inle?est ~h+t1 b~ secweo b7l ihe I~en d this ~norfys9e- 6d..
4- TAef ~wrtOpM. ~op, o~ owr fir d~riwo tM ~oAPop~ N~w, oed in i~s d'na~tion, oPplp !w r~wwo) oi wwtYo~ Yvorenl/ iMwa~c~ ce~+?ino fM ~
wwlqap~ ~:~cvt~d Ap fb vnd~nipn~d q1 ~rfll dot~ herritA, pop the premi~ms dw b~r r~osow /Mreoi, oed rp~ir~ r~papMwf by tA~ w~d~rsipn~d of
•och orwo~nM m or~ od+anced bp soid mor~9ope~. In the e.ent of lo~lvr~ bp ~M vad~rs:pn~d b r~pep soid oww~nb ro wid iwortpoON. ~ucA lailur~ ~ho11
b~ con~iM~~d o d~1o~H, ond oll p~ovisions of rl~~ not~ ond ww~fpop~ witA re9ord ro d~fovlt sAoll b~ opplicoW~. ae
aC0
O
Om
S. To permit, coinnwt or sufbr no w~it~, imp~irm~n~ w d~tpior~rion d uid p~opNty. a a+ry w~~ tF~t~eoi, and upon rM failvr~ of tM maty~yw to k~ep tM
br:Id:nqs on a~id popatp i~ yood condifian ol repair, tM Nbrtwq« en~ denwnd tM :mned~se~ repair of sa~d bv~ld/nqs, a~n irwta~ in tM +maw~~ of seaxity, a
~M imnrd~~» rp~ym~m o1 th~ deb~ hereby secur~d ~nd tM /aiM~ of dw Mwtyaqw eo comph witA u~d deerw~d of rM Mwtpaqe~ fo~ • period of fh;itp (70)
d+r~, sh~N consnwn • breuA o! Mi~ narfprp~, and, n tM on~ion of tM Mortg~q~e. imm~d~atdy m~ew~ tM entir~ ~mount of pr~~x~p~t ~nd intens~ her~by
secvred, a~d ~T~^ej~eta!y •~d witAoul ~otiet, fM~ Mwtp~pN m~y imfiNh potMd~nys 1o fonclos~ this mwtya9a snd apply 1w th• sppo~nfinent o~ • Rece~~e., e~
A~' . r -
_ - v: .u-'~