HomeMy WebLinkAbout1850 TO HAVE AND TO HOID the same, together with the tenements, hereditame~ts and appurtenances, uMo tfie
Mortgagee, in fee simple.
AND the Mortgagor doe: hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful cight to rnnvey said land in fee simple as aforesaid; that it shall be lawful fof the
Mortgagee at all times peaceably and quietly to ente~ 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 fhe
same against the lawfu! claims of all persons whomsoeve~.
PROVIDE~, ALWAYS, that if the Mo~tgagor shall pay unto the Mortgagee the certain promissory note of which the
following in words and figures is s true copy, to-wit:
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I COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
~ar#~tt~e ~II~C
a~viEw? eenu+, FLORIDA September Z~, 19 7 2.
~ Beiny indtbted. fa v~lue reuivsd, the vndersiyntd 'pintly snd sever~lly promiu lo pay to COMMUNIiY FE~ERAL SAVINGS ANt1
f IOAN ASSOCIATION OF RIVIERA BEACH ~t ib offia in tFx Gty of Rivie~a 8e+ch, Flaid~, or order, the s~~n of TEN THOUSAND
; AND NO/100------------------------------------------ uowescs 10,000.00)
i ro9e+her with interest rhtreon ss herein~f~er stated in monthly iroqllm~M~ of Seventy-$1X and 34/100-------
~-------------oo~u?RS ts 76. 34 1. ~+e first &~tt~lhncnt sFull be dw and payable ~ tenth
i d~y of February 1973 sad subseq~xnt ins~allmeMS sh~ll be due md' pay+b4 ~+~tenth
~ d~y of each and every c~knd~r month there~her until tiK pincipal and 1111NK? af! f11II~/
Larger sums may be paid at sny time, but the payment of any such Isrger sums in addition to tl+~ paymems herein required shaN
~ not relieve tlx m~kers of the p+yr+rcM of the mon~hly imtallments hcrein provided ~or, unless it is specifically stipulatcd by the mak~rs +t the
~~ime of payment thst svch Iargcr sums are to be +pplied to the advance payment of the monthly inst~ltments ~ext maturing in the order of
I thei. due d~tes. AO payrrKnts m+de upon this note shall be spplied fint to the paym~nt of acvued interest snd secondly ~pon the princip~~•
~ This obliy~tion sh~ll besr interest from date st the rate of S1X & eight-tenths pK aM ( 6. 8
I per ~nnum until the principa) snd interest sre fvlly paid.
~
Intercst fw each cakndar month shall be scvvcd on the fint dsy of said month ~nd be computed on the unp~id balsnce of princip~l
i snd interest existing on the Isst day of the preceding month_ This note shsll be considered in default when ~ny p+Yment required to be
~ made he~eunder shall not havc been nude within thirty days folbwinq its due d~te and shsll rtmsin in def~~lt tmtil said payment shalt
i Fuve been m~de. Whik in def~ul~, this note shsll beu imerest at the rate of 10% per annum in liev of the rate he~einbefore specifi~d-
` All makers and endwsen now or hereafter becom+ng putiet he.eto jointly and severally waive deru~d, notKe of non-paymem snd
protest, and syree that in the event of def~ult in the payment of any i~stsllmcnt due hereundtr the whok of s~id indebtedneu sFull therc-
i upon at the option of tl+e holdcr, become immediately due and payabk, snd if this note becomes in def~ult ~nd is placed in tF+s h~nds
! ~ of an attorney for collection, to pay rcasonable attwney's fees and all otFwr cosn for makiny s~ch colkction.
i
~ This note may be prepaid i~ whok or in part st any time without pen~hy.
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I I ---S~---~_~dII@i~~ -----lSEAU
~ I JOHN DANEGA
_~.csElW .
~ _-~1-__ -------------------_-(SEAU
! ESTHER DANE A
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i(ihK note is secured by • mor~qa9e oi even date execvted br the makers 'n+ favar oi Commw+ity federal Savinp's ~nd loan Assn. of Rivier~ Beach)
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.
AND the Mor;gagor dces hereby covenant and agree:
1. To ps~ dl and sinqulu ~M qincipal and interesl ~nd other svms of money palr+We b~ virhx of uid Drom~ssory nde and this mortg~p~, a titha, prompfly
on ~M d~ys .~sWct;vely. the s~me s~var,llr cane du~.
2 1q paY all and s~nqu~u ~he tsaes, asstss~nems, le.~es. I.eb~l~t~es. obl.9ar.ons and ~ncwnb~ances o( ~ery n+~ure on sa~o aexnbed properry exh and every
~«Aen dve and payable accadmq ro law, befwe ~hey bcco.ne de~~oaven~. and J the same shall ~not br promprly pald ~Ae Morrgaqee may at any t~me dther be/ae
o. alse~ deLnqvencr wY rhe ssme w~ehou~ w~:vmq w af(ecnnq rAe opr~on to faeclose. w anv nqM herew~de.. and every paymeM so made shall bear mre.est irom
~~+e da~e rAcreo/ at Me .a~e po.~ded ~n sa~d prom~sswy no~e
~ ~
~ To kep the build~nqs ~nd atl 'ep~~pmcnt a~d person~l poperry now or Aeroaiter o~ said pem~ses, covercd by ~his mwtyag~. inswed in a swn ~t Its~t
~ e4w1 to the unpaid b~~r+ce of Mis muty~ge. inclwl~n9 fin, ea~ended cover~ge ~nd vind~lis.n and m~lic~ous insurance as to propen~es otMr than d?wtli~ps. ~nd
(ire. eaunded covNay~ +nd speci~l iam other perils i~xanc~ o~ dwcllinys eliqiGle fw s~ch brosdened cover_~e - povided. Aowwer. Mat svch insuraic~ b~ i~
•mount s~tf~ci~nt ~o canply witM snY coinswurc~ ?p~riremenh coveriny sam~ w+der NM laws of Nw :ut~ of F{wid~. H+d provided fwMer Nut the policy w polici~a
~ sMtl be vinin~n in • companY w cw^p+^~es and Mxo~i9h +9~^~y s+tisixtory to tM Mwtyaqee ~nd ~Mt uid policy w poleues ah+ll b~ held by tM Morty~g~e ~
a~d sha!1 bear • standard ANw York Mortya9et Clavs~ without ca+tribufion, makiny Me loss under fi11I POIKiH paY+Ele lo tM 1Nortp~pe~ n ib iMNest ms~r ~pye~r; ~
and in tM evenf inY wen of mwity 6ecanes P+Y~bI~ w~d~r ~ny s~ch DolicY a po'ic:es, the Mor~9+9N sha11 have tht evtion to rece:vr ~nd +Vdy tM sarn~ o~
xco~rm ol tM indebtedntss heresy ucwed, a ro p~rmit fM Mwtqiyw ro receiv~ +nd us~ it, or anY pan thYeof. (a oMe? purposes, wifhovt Me~eby waivinq
w imp~~rinq anY ~qviey, lie~, w riyM v~~der and by virtw of rhis mo.tq~qe: and in ~M eve~t ~he Mwty~gw does not compFy wirh ~h~s covenant, rAe Mwrg~ye~ ~
may p~+c~ and wv for s~ch irourance, a arw prt N~ereo~, wiMwt w~ivirp a~ft~u:ny tM ovtion to fw~ctose. a~ny ~i9Af l~e.evnder and the }~II ~erww+t o1 e~ch
r~A evwy sucA parm~nt shall be immdiately dw ~nd wr,b~e .nd sh.u bea. intera~ (rom tM d~te H+ereof until p~id at ihe rate prwided in ssid rwN and togelher
wiH~ s~cA in~erpt sMll b~ secuW by IM INn oI Ihin rnortq~y~-
4. ilal ~erf0ep~~, woq, ot o~ tiwe dvri~q Mw ~wtqoy~ bnw. oed in ib d'ncretan, op{~r !w r~n~wel oI ~wrfqo~ 9ewoetp i~wraw cewrin~ IM
¦qrtqoy~ ~~~cv1~d bp N~t v~der~ipn~d on ~v~n dof~ ke?ewith, pop tAe Prewi~iws dw br ~~oso~ N~r~of, owd rp~ir~ r~pap~f bp tlw vnd~nipw~d e1
~ucA oea~nb w ar~ od+owced by wid wartyopN. In fh~ e~enl ol fo~lur~ br tM Ywd~~fiQMd 10 r~por wid oww~nN b wid ~onyoy~~, ~vch lo~~r~ ~holl ~
b~ comid~r~d o d~fo~h, aed dl pror~sions of tA~ noN ond ww.tyoy~ ~.ith repord ro ddaulf ~Iwll b~ opp~icoW~. ~
O c0
S. To perrnit, cominit a wfHr ra w~st~, ierp~irmen~ o~ d~N.:w~tion of said propNty, w a~y put ther~of, ~.~d ~rpon ~M f~ilwe d tM mor~y+qa to k~ep N»
b~iMi~gs on uid pop~rty in qood cond~tion of rpair, ~he Morty~qw rtiy d~rnd tM imrwdia» r~p~ir of said b~~ld:nqs, p~n incre~s~ in !M arnw~nf o1 ~et~tilp, a
th~ imm~d~~~~ rpayinent of th~ debt herebY s~cw~d snd tM failur~ oI tM Alortp~qor ~o wTply w~th aid de~nd d eM Mwrpaq~e fw • p~riod of th:rt~r (90)
d~r+, sM0 consf~+va a breach o/ this moN9+0~. +~d. ~r tM option of iM Mwty~q~e, i~wn~daaly manx~ tM «+tin ~e~ount o} p~nupal snd inhrn~ h~r~by
~eco~ed, •nd s+.,^-ed~s~e~y end w~tAoW ~+otice, tM Mwtq~yN rn~y instituM poc~edinqs ro foreclos~ this mwtyap~ snd spply fw M~ appo:n~mem o1 ~ Rxs~~er, e~
V rr -f~.~.
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