HomeMy WebLinkAbout1679 TO HAVE AND TO HQtO the same, together with the tenements, hereditaments and appurtenances, unto the
Mortgagee, in fee simple.
AND the Mortgagor dces hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawfu) ~ight to convey said land in 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 said land; that said land is free
from atl incumbrances; that he will make such further assurances to protect the fee simplt title to said land in the
Mortgagee as may reasonably be ~equired; that he dces hereby fully warrant the title to said Irnd and will defend the
same against the lawful claims of all persons whomsceve?.
PROVIDED, AIWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which the
following in words and figures is a true copy, to-wit: ~
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I COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATlON OF RIYIERA BEACH ~
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~ ~R~r#~tt~e ~p#P
~ RIVIERA BEACH, F~oRi~~ September /S ~0 72
+ Beinp indebted, fa v~lue received, ths undengned 'pinNy and severally promia to pay ro CONUNUNITY FEDERAL SAVINGS At.D
~ IOAN ASSOCIATION OF RIVIERA BEACH ~t its offioc in the City of Rivie~~ Beach, Florid~, w wder, the sum of ~E~+Y THOUSAND
; AND NO/100------------------------------------------ootux~t~20,000.00 )
~ royether W~*h interesl ~hereon as hertinafter srated ~e ~nonthly ~nstallm~ms of ONE IiUNDRED SIXTY-ONE AND
! 12/100------ oau?RS ts 161.12 The fint instdlment shall be due and pay~bk a, ~ lOth
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d~y of Oetober 19 72 and svbsequent installments shall be due a~d p+y+bk on the t
~ dsy of each and every ukndx month there~her u~til the principal and interest are fvtly paid. !
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~ L~rger sums may be psid at sny time, but the payment of any such larger :ums in addition to tht payments here~n required sMll
not relieve the makers of the paymeM of the monthly installnxnts herein provided for, unless it is specifically st~pulated by the m+ktrs ~t the
~ rtme of payment that svch larger sums are to be applied to the advance payment of the mo~thly installments next maturing in the adn of
j thei~ due dates. All payments m~de upon this note shsll be applied fint to the peyment of accrued interest and secondly upon the pa+cip+~-
~ Thn obHg+tan shall bear imerest from date ar the nte of seven & one-half P~? c~M ( 7 1~2
~ per ~nnum until the p?incipsl snd interest ue fully p~id.
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Intercst for exh ulendar month ahall be acvued on the firtt day of sa~d month and be computed on the unpaid balance of pr7~c:p+~
; and interest existing on the Iast day of the preced~ng month. This note shall be considercd in default whe~ any p~Yment ~equ~red to be
; made hereunder shall not. have bcen made within thirty days folbwing its due d~te ~nd shall remsin in default until said p+ymem sMlt
h~ve been m~de. Whik in defsult, th;s note shall bear i~terest at the rate of 1096 per snnum in lie~ of the r~te hereinbefwe specified.
All mskers and endorsers now or hereafter bccomCng putief hereto jointly a~d severally waive denand, notice of non-paymem u+d
' protest, and syree that in the event of default in the payment of any insullment due hereunder the whole of said i~debtedncu shall there-
upon at tF~e option of the holder, become immcdiatefy due and payabk, ind if thi: note becomes in def~ult ~nd is placed in the h~nds
of sn attorney fw collection, to pay reaso~+bk attorney's fees and sl) other costs for making such colkttion.
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~ This note may be p~epaid in whole or in part ~f any rime wi~hovt penalry.
! ~ -/._s/ _Wi lI iam D. Walker.--------------cs~?u
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~ I - 1s~__ Delma J ~Walker_----------- :
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~ ~(ihis oote a secvred by a mort9a9e oi even dste execvted by fhe makers ~r. :r+cr ot Comm~nity Federal Saving's end losn Assn. of Rivie~a Bead+)
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 estaie hereby created shall cease and be null and void.
AND ihe Mortgagor dces hereby covenant and agree:
1_ io wr aM «+a"s~nyir~ar tir principal ud internt ~nd olher sums o1 mw~eY p~r~ble by v~rt~re of uid prom~ssory note and this mwty~qe, w~itF~er, pomptty
on tM d~ri respectively, tM same sever+llp comt due.
2 ~o paY a11 and s~nqvls~ ihe Nus, assessmeo~s, lev~es. ~~ab~Lnes, obLqa~~ons and ~nc~mArar.ces of .very narure o.. sa~o aescnbed properry exh and every
-Hhen d~e and payaAle accad~nq ~o law, befpe rhey be~ome deLnq~en~, and ~f rAe same s~+~ll no~ be D~~Priy pald ~he Mo~~gag!e may a~ any r:me e~~her be/ae
a1:e. deLnavency pay ~he same w~~hoof wa~vmq a a~fec~~ng rAe opnon to foredose. o. ~ny n9h~ herevnder, and c+t~r Oaymcnr so made shall bea. mte.esr Irom
~^e da~e rhe.co( ar ~he ~ate wo.~ded m sa~d prom~sswy ~o~e
~ 3. io kep the bvild~ncy snd a11 ep~ipment and personal p~operty raw w herea(ter on ssid pemises, cov-.ed by this mwtgsq~, insured in a swn ~t kut
~ eowl to tAe unpaid bal~nc~ of this mortg~ge, includ~ny fir~, tatended coveraqe ~nd vsndsl~sm ~nd malic•a,s insurance ax to propert~es otht~ tiun dwellinps, u~d
firo, ertended coverage +nd special (am other perils inswanc~ on dwellinqs eliqible (or svch broadened cover_ ie - Wovided, howwer, thar s~ch insur+nc~ b~ in ;
~ smount fVI~KiMt ro comply witA sny co-insursnc~ rpv~remenh covennq same vode~ M~s t+ws o/ tM Sts» of Flw~d~, sod prov~ded Iwelxr th+t fhe poticy w pO~K~M ~
ihafl be written ~n a company w companies ~nd thro~9h an s9encY s+~~s(actory to the M«tqayee ae~d ~hat sa+d policy w pol~cies sMll b~ held bp tM N1wlq~yee
~ snd sMll bear s sNnd~rd tVew Ya! Morty~g~ Clws~ wirlw~t contr~bwion, mskirp ~he bss vnder said pol~cia p+YSbl~ to the Mutp~,w as its interat m~y appex; -
and in IM event anY sum o( money becomes pey~bl~ vnd~r anlr such policy p pO~iciM. tAe Mortqayea shall Mve th~ optio~ lo receive and apply tM sxn~ on p/~
accow+t o( N+e indebt~dness hereby secwed, w ro permit tl~ Mwtp~qo~ to receive snd ~u ~t, w any psrt thereof, for other purposes, withwn thereby w~iving
w Nnpa~riny ~nY eqv~hr, lien, or ~igh1 unJer and by virM of this mwt9sqe: ~nd in the tvcM the Mortgsyw dots not co~nply witF~ rhis covenaM, tM Mortg~gt~ i~
may pl~ct ~nd WY for suth insu~rance, or ~nr P+~~ M~ereof, withovt w~ivinq a afi~ctirg tM option 1o forsclose, or ~nY r:yht ht~e~nder and Mx full smainl oI e~ch ~
snO tv~ry wch paren~nl shsll b~ imn~diately dw ~nd wyabb and shatl bear interdt irom the date thereof unril paid st the rate provided in said not~ and to9ethe/
witA svth inferest shall b~ secwea by 1M han oI this nwrtq~ge.
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, 4. TAW worqop~~. o~ our 6r d~rinq ~M worqop~ t~rw, ond in its diurefion, opplp fw r~nw?el oF ~apop~ 9uoranyr ins~rowt~ cowriw0 1M
~ wwt0o0~ •:«v~.d br M~• undersipned on ~wn dot~ ber~wri?h, pay Ihe premi~nn dw bp rwsow ~Mr~ol, and r~qvin repoy~M bp tM vwd~raiqn~d oi
such o~nM as ore od~onctd by wid mor~popte. In the eren~ of lo~lvre bp tb~ ~ndenipn~d fo r~pop wid a~nb to wid worfpopM, ~vcA /eil~r~ dwll ~
b~ con~id~r~d o d~fo~h, ond oll prorisiw~s o! fhe nW~ o~d nwrtpope .~th repa~d to ddouh sAoll M opp~icoW~.
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,y 5. To pamit, comm~t a wFf~r no wut~, impairm~nr w defNiwNioe~ of uid prop~rty, a~Y o+•t thereof, and upon ~M lailw~ 0/ tM mwtp~ya to k~ep N+~ ~C
btii{dinqs an said prop~~fy in pood condieio~ of ~epair, tM IYwxlqsye~ ~naY dMw~d tM inwnedi~t~ rep~ir of said b~ild~nqf, a~n intre~u in fM amwnl 01 sKwitp. M Crep
tM inrn~di~» r~paym~nt o( tM deDt hereby secvr~d ~nd th~ i~ikw~ of tM Mor~p+pw to co/++p~y w~~h s~~d dertind d tl~ Mortp~qee f« • p~riod of thirtp f30)
dav~. ~hall const~rw~ a E.exh of Mis ~natp~pe. ~nd. H rM op~ion of Nr Mwtgsq~. ~mm~diNely m~twe eh~ Mtin ~maxN of p~~ncip~l ~nd ~nt~res~ I,~reby
tec~.ed, and im~e~+~re~v ~nd wiNq~R ~otiet, tM Mptp~yN en~p iMfituN poeNdinqs b iw~etos~ rh~s morfya9a ~nd ~pply fw tM ~ppo~nfr.~en~ o/ ~ Rece;,~er. a~
F~,. ~~:.L~ c,o; rt.-! as
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