HomeMy WebLinkAbout1347 TO HAVE AND TO HOtO the same, togethe~ with Ihe tenements, hereditaments and appurtenances, unto the
Mortgagee, in fee simple.
AND the Mortgagor dces hereby tovenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has ful) powe? and lawfu! right to convey said land in fee simple as aforesaid; that it shall be lawfu) for the
Mortgagee at al! times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from a!1 incumbrances; that he will make such further assurances to protect the fee simple title to said land i~ 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, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the ce~tain promissory ~ote of which the
fol~owing in words and figures is a true copy, to-wit:
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~ COMMUNITY FE~ERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
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( ~~r#~~~8 ~D#P
' RIVIERA BEACH, FtORIDA Aug~jSt ~ 19 7 z.
8tinp indebted, fw v~{ue received, the unde~si~ned joindy snd sevrrally preit~~ to paY to„ C4IMMUNITY FEOERAL SAVINGS AND
~ IOAN ASSpC1At10N OF RIVIERA BEACM at its offiu in the Ciry of Rivier~ Be~ch, Floride, or order, the tvln of THOUSAND
' AND NO/100-------.._.._.._.._.._~_.._~___.._...~ ooi~s cs 10,000.00 f
i rogerher wirh intcrest thereon ~s hereinaf~er stated in mo~+thly inshllm~n» ot Seve~~y~s~~@1'~' 'and ~58f 100~------
, ~s cs
' 7'] .'rJ$ The f~nt ieuf~llment sh+ll be due and peyabk on~tl+e t@lltl'1
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d~y o? September 19 72 and subsequent installmenls sh~ll be dve ar.d ~
P•r~bw tenth
~ d~y of each and every ulendw month theresker until the pr~ncipal and interest ~re fully paid,
~ larger sums may be paid at sny fime, but the paymtM of any such larger sums i~ addition to tM paymems herein tequired shall
not relieve the makers of the p~yment of fhe monthly ins~allments herein provided for, u~less it is specificalty st~putated by the maksrs at the
r~me of payment tbsf such larger sums are to be ipplied to the advance psyment of the monthlr instsllments next maturing in the order of
i tlx+r due dates. All payments made upon this note shall be applied fint to the p~yment of acvued interest a~d setondly vp4n the prie+cip~1. !
ThK oblig~t~on ihall bear inte?est from date st the rate of seven P~ 7. 0 'x)
per annum w?til the pri~cipal and interlst ~ro fulty p~id.
Interest fw each c~lendar month shall be acvued oe the first day of said month ~nd be computed on tht unpaid bal~nce of pincipal
I and interest existing on tAe last day of the preceding month. This note sh~ll be cons~dered in default when any paymeM required to be
, made herevnder shall no~ hsve been m+de within thirty days folbwiny its due date and shall remai~ in default until said payment shaH
h~ve been msde. White in defeutt, ~h;s note shall bear interest at the rste of 10~/. per annum in liev of the rue hereinbefore spccifiad. -
All makers a~d endorsers now or hereafter becoming p~rties Acreto jointty and uvcrally ws',ve den~~d, notrce of ~wr+-p~yment ~nd
prorest, ~nd agree that in the event of def~ult in the psyment of sny insullment due hereunder the whole of ssid i~debtedncu shall ~herc-
upon ar the option af the holder, become immediately dve and payabk, snd if this note becomes in defautt and is placed in the har+ds
~ af an anorney for co)lection, to psy ~easonabk attaney's fees ~nd al) other costs for making svch colkction.
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This note may be prepaid i~ whok or in pa~! at any time without pen~lty.
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, t,~l JQ 1 s _~+----~?u
' JULIA A. WALSH
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~ ilhis note a secued by • mort9ape oi evee dste execvted by the m~kers ;r. irror oi Community Federal Savings and losn /1ssn, of Riviera 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 es~ate hereby crealed shall cease and be null and void.
ANO the Mor~gagor does hereby covenant and agree:
To pa~ ~M and s'v+q~t~r t?k p~ncip~l u~d imKeat u~d other swro of Ranw wr+~e by vi~t~e of aaid Dromissory note and th~s mort9p~, w~ither, ppnpt~Y
on rM d~ys resvect~velp, eh~ s~me s~veralry cane dw. !
2 io pay +11 +nd a~~qular ~Ae ~~.ea, asaessmen~s. ~ev~es. haD~bnes. obbganons +nd ~oc.,~,+bances of •„ery .,arure o.~ sa~o orunbed p•operty exb and e.mry
~fen due a~d par+~te accord~nq ro law, belwe rher beco~ne del.nq~,~m, and ~l ~he same s1+~ll not be p.omp~ly pa~d rhe Morrgagee ma~ ar sny ~~rne e~~her befo.e
aler. deLnquency par ~he isme wnhovt wa~v~n o. a~fccr~n ihe non to fpedose, o~ sn n 1,t here.;r.dr~, and erer 3
9 9 oG r 9 v Wr~^enr so made shall besr mre.es~ iro~
•~-e Qa•e rh~.~p1 ar rhe .a~e o~o.~ded .n sa~d O~om~sswy ~wre
3. To kesp the bu~ld~nfls ~nd stl earipment .nd perso~R`~p.or,e.ry now p F~ere~iter on ss~d prem~ses, cove.ed by th~s matqsge, im~red in • swn at ka~t
eQwl ro the unosid ba~anc~ of Mia morr9sge, ~nctud.nq fi~~, e~tended coveraqe ~nd vandal~~m and nwl;c.o„s insv.~nce as ro poptrt~es ott~tr than dwellings, a~d
t~re, eatended coverage and specisl form aher ~ef~ls irowanc~ on dwetl~ngs eliry'Gle for auch b~wdened cove._ ~e - Drov~ded, hpwtva. that s~ch inwr~nt~ b~ in
amount sulficient to comply w~th any co-irowant~ rp~i~emenri coverinq s~me unde~ ehs taws oi the fu» of fto.~da, and prwided further rlyt the policy q politiei ~
iha11 be wr:tten :n • canp~nY d canw~ies ~nd through ~n ayenty satis(acrory to t1~e Morrqsyee ~nd tMt siid policy or pol~cies sMll b~ I~sld by tM Mptps9ee
and sMtt be~r • sta~dard Ww Y«k Mor~qaqae Clavs~ wiAw~t contrib~tion. makmq tAe lo~s under sa~d pol~cies psrable to rhe Mortyaqe~ n ies interest msy ~ppe~; ~
and i~ tA~. evenf ~ny swn of money becornes wraD1. und« anr svch policy a po~iues, fhe Mort9agee sAatl Mve the option to rece~v~ ~e~d ~pply 1h~ s~em on ~
accow~~ of ~he ind~b~edness hereEY secund, w ~o pe?mit the Mwtp~qor to ~eccive +nd use ~f. w sny pa~t thYeof, iw o~her qrrposes. withovt tAere6p waiving
er :mp~irinq ~rry eqviK, lien, a righ~ ~nder and by virh» of tAia mwtysye: and in tAe event rhe Mwtgagor does not c«nply w~th this covenanr, tlw Morf~qe~
~*++r P~Ke a~d pay for such insw~nce. a~nr p+~~ thereof, without w~ivi~p w sifectinq the optio~ to for~close, a any r~yht nereunder and the f~ll ~rrw~wn of each v
+nd evw~ s~A parrrym slyll be imm~diaklp dw sred paya6l~ and yhall be~r intereat from the dste rhereof ~n~il paid at tf~e rate prw~deQ in said not~ and together ~
w~rr sucA i~lernf shal! b~ secwea by tA~ b~n of tl~:s inwfqay~-
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4. i~wt worfyopN. ~wp, ot owr MN d~ri~q N» woAOpp~ N~w, ond in /tf dlKfltiO/1~ opp1Y for r~wrwol of wortyo~ yuoronryr iw~~rewc~ cowri~p /1» ~
¦w?~yoo~ •:«~+.d br tiN ~ndeniqned on ~r~n doN Mer~w'rtA, por t!h p.csiuw~s dw br swww tlNr~o(, o~d r~qvir~ repaps~M br ~IM und~rai~w~d oF ~
~rch oiwo~nts m or• od•anced by ~oid rnortqope~. le the e.ent of fo~lvre by ~h• „nd~.apn~d fo ~~pop soid ow~oonts ro soid iwortyoON. ~och Iod~r~ sAoll ~ j
b~ cowsid~r~d o d~lavh, ond oll provisions of the not~ ond iwonpop~ writh ~eqord to d~/ovlt sholl M opplicoW~. p
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S. To permir, convmt w wHp no wa~», imp~~rm~nt w dNSr:a~tion of u~d P.ap~rty, a aehr put thereof, ~nd ~pon ~M failw~ o! ~M inu~y~yor to ~~ep M~
b~riWirg~ on ~aid popary in qeod cond~tion o} rp~ir, tM Mwfy~ye~ nyY d~m~nd th~ immeduN rep~ir o/ sa~d b~~ldi~qs, p an ir.cre~u in tM aenwrnt o( ~eawiry. or
tM ieewn~d:a» r~qyrnenf o~ ths deM l~ereby seaw~d ~e~d tM t~il~x~ 01 th~ Mwtp~pw ?o canply w~rh sa~d d~rrynd d tM Mcrtq~9ee for • qriod oi th~rty (3p)
d~r~, sMll const~rur~ • beach ot Mi~ enonq~p~. and. ~t rM oprion ol tM Nbrtgaq~e, immed~aaly m~rur~ rh~ enun ~aiww~t oi a~~+uwl ~nJ inrer~~r her~by
~ec~_~ed. a~~ f..,.-e~iyr.tv a++d w~rM~A notie~, th~ llAorrq~y» m~Y imhtvN proc«d~np~ to lorecbs~ fA~s ma~G+W ~nd pply (w Ms ~pQOV,f...~.~ of ~ Rece,vrr. e~
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