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TO HAVE AND TO HOLD the same, together with the tenements, hereditaments and appurtenances, unto the
Mortgagee, in fee simple.
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AN~ 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 lawful right 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 all incumbrances; that he will make such further assurances to protect the fee simple title to said land in the ;
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Mortgagee as may reasonabiy be required; 1?1at n@ OOeS ilereuy iuiiy waiia~ii ii~e iiiic iv 5oiv i.i~~:f 3~::f i'iiii ::cc~:::s -
same against the lawful claims of all persons whomsoever. '
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PROVIDED, AIWAYS, that if the Mongagor shall pay unto the Mortgagee the cenain promissory note of which the s
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followi~g in words and figu~es is a true copy, to-wit: ~ ~
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~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
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I aiview? seacH, fIORIDA October ~ , 19 72.
Beiny indebteo. fo? v~ive receiveo, tne unders~ned juiniiy u.d sevmr: ty pr~z+:e to p:~i ta CO.~'~L'-.~'!TY Ffi?ERAL SAYINL-S !?l+ED
IOAN ASSOCIATION OF RIVIERA BEACH at iq offia in the City of Riviera Beuh, Flwida, or order, ths ium of SIXTEEN
;THOUSAND SIX HUNDRED AND NO/100---------------~----- ~?RS(s16,600.00 ~ ~
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j royerher w~~h intercs~ rhe.ew~ a: hereinafie. s~ated in monfhly inst~lAn~nM of D21@ Hundred ~aenty-Three and ~
76/100--------~U?RS ts 123 . 76 rn~ t~+ irut•Ilment shall 6e due and pay~bk on rhe tenth
' November 7 2 :„b payabk a, tenth
; day of 19 sequent ie+stsllments shall be due and
' dsy of esch and every uknder month theresher uMil the pri~cipal and interat a?e fu11y p~id.
i lerge? svms may be paid at any time, but the payrt?ent of a~y such larger sums in addition to tht psymtnts herein required sMll
' not reiieve the maken of the psyrr~ent of the mon~hly installments here~n p~ovided tor, unless it is ipecifically stipulated by the m~kers at the
r~me of paymcnt that such larger sums a~e to be applied to the advance payment of the mo~thly installments ~ext maturing in the o+der of
~hei? due datcs. Ail payments mede upon this note shall be spplied fint to the payment of ~ccrued interest and secondly upon the princip~~-
This obligation shall bear interest from date at the r~te of seven & S1X-tenths PN n^f ~ 7. 6 x~ :
per ~nnum ~ntil the principal and intertst ue fully psid.
~ Interest for each ukadar montn shall be scuued on the fir:t day of sa7d month end be computed on the unpaid belance of principal ;
and inserest e:isting o~ tfie last day of the preceding month. This note shall be cons~de~ed in default when any paymem required to be ~
; made hereunder shall not have been made within thirty days folbwing its due d~te and shstl remain in def~ult until said payment sMll ~
have been m~de. While in dcfault, th~: note shall bear inte.est at the rate of 10% per annum in lieu of the ute hereinbefore specified.
All makers ar+d endorsers now or hercefter becom~ng parties hereto joinNy and teverally wsive denand, notice of non-payn+em +nd ~
protest, end agree that in the event of default in the psyment of sny installment due hereunder the whole of said indebtedrxss sh~U thcrc-
upon at the option of the holder, become imnn~diately due and payabk, snd if this note beoomes i~ default and is pl+ctd in the M~+ds
~ 06 an anorney fw colkction, to pay reasonable attorney's iees end all other cosrs fw making such colkction.
' i This note may be propaid in whole or i~ part at sny time witlw~?t pen~lry.
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_~.LdD~._~{..__~tQ~l.ltnwi ~ 7 i
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~ ~ FRANK K. STOPKOWITZ ~
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~ S~ _~7u~d~t'~..~~tQ~k~laitz------~-~-------c~?u ~
~ JUDITH ANN STOPKOWITZ ±
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~(ihis note a secvred by • mort9age of even dste execvted by the maker~ ir. favor of Community Federal Savings and loan Assn. of Riviera Bead+) ~
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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 estate hereby created shall cease and be null and void.
AND the Mor~gagor dces hereby covenant and agree:
io pay sM and s+nq~lu ~h~ princip~l and iNe.es~ u~d other sums o( moneY WY+ble by virt~e of said prom~ssory note and tfii~ mwt9aqe, q either, promptlY #
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on tM days respMivety, the aame s~vaally carr dw_ ~
~ ) To pay all and s~ngulu d+e taaes, ~ssessmen~s, ~ev~cs, hebJmes, obLgaf~ons and ~ocumb~ances ol .very narure on ~a~o Oesu~bed 0~~~~Y exh and eve.y
+.?~en due and paveble accwd~nq ~o law, be/we d+ey beco.oe dei~nquen~, and ~F the same +ha~~ no~ bt D~omptly pa~d rhe Nbrtqagee mav at a~y t~me ei~her befae
~ ~ r a1~e. detmquency pay rhe iame w~el,ou~ w~~v~~9 or affect~ng ~Ae opt~on ~o fwecbie, w anr n9ht herev~der, and ewery paymenr so made shall bear 1nte~esr }rom
~^e da•e fhe~eo~ af ~he .ate wo~~ded m sa~d promnswy no~e
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~ 3. To ke~p tht bvldlnQs u+d a~l eqoipmem and penonal property now a hereafter on said prem~ses, covercd by th~s mortgsq~, insured in a sum ~t k~it
~ eQwl Io th~ unpaid ba~~nce of thi~ mwlg~qe, inclvdiny fir~, extended cweriqe ~nd vandslism snd rrWlic~ous ~nsurance as to popertiea olher th~n dwtllinys, ud
f~~e, e~tended covers9e snd specisl form otl+er perils ~rovrsnc~ on dwetlings eliqible fa s~ch brosdened cwer_~e-prov~ded, Iwwever, tMt svch insu~anc~ b~ in ,
amo~nt su(ficient to comp~y with any co-~nsu~anc~ req~irements covcrinq same under tF~e I+ws of th~ :~at~ of flaida, and provided fw~her thal the polity w politi~s ~
shafl be written in • tomp~ny « companies and tlvo~ql+ an syencY ss~isixfory to the Mortyaqee snd ~Mt s~id policy a pol~cies sMll b~ held by tM Nlortq~y~e
~ •nd sh~ll ber s sf~ndsrd New Ywk Mwtyage~ Cl~~se without contribvtia+, makinq 1Fx lou uoder said policies pavabM to the Mwtqaqe~ ~s ih interest may ~ppe~r; ~
and in th~ event ~ny sum of money becomea pay+We under ~nY s~rch policy a poiieies, tAe Matqagea shsll Mve tM option to recei~re ~nd ~pply tM sam~ on
~ accw/nt oi the indebtedness hcieby secured, a to pKmit kw Matyaqw to lKtlv! and use ~t, w any pa~t thxeo(, fw other pvrposea, withou~ tMreby w~ivinp
oi :mpa~r~nq anY equity, lie~, a right ~nder snd by virtw of this mwt9sqe: ~nd in the event the Morl9sgor doa rrot comply with fh~s coven~n?, tM Mwtyn~ ~
~ mar PI«e snd p~Y f« s~th inswx+ce, a nnr part thtreol, withovt waivi~p w affectinq tM opt~on ro foraclou, or ~ny riyMl Aere~ndtr snd ihe 1~II ~mou+t of tath ~
and evary such psYment sfisll be imm~diafely c'~e snd parabl~ ~nd shatl bear interesf from the date tMreof until paid a~ ~he ra~e p~ovided in ssid nW~ and togeA~n ~
witw s~rcA in?ereat slwll b~ secww by tM 6~n of Mis mortgaye. ~
4. TAo~ wwtOoOw. ~wp, of asy tiM du?inq 1M ~worlyo0~ f~rw, ond in ifs discr~tion, opplp !w r~n~wol ol ~wtyoq~ pvoronlp ie~uronq cowrin0 1M~ ~
woH9op~ ~t~cufed b7r /1N undersipn~d on ~r~n date b~r~with. Poy 1ht prew~i~ms due br rwww IM~~oi, ond rpvir~ reporn»nt bp Ih~ ~nd~nipn~d
~rch oinounb os or~ od.onccd br wid wwr~yoyet. In the e•em of failur~ br th~ ~nd~nipn~d to r~por wid o~noanN ro wid so~tpup~~, svch (oa~r~ ~M~N
b~ coniid~r~d o d~(ouU, ond dl provisions o( tbe no~~ ond nwrtpoye w~th ~eyord ro d~(oult sAoll b~ opplicabl~. ~u `i
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3. To permit, commit a s~ff~r no w~st~, irnpsirment or dHeriw~tioe~ of s~id D~M~Y, a anY Dart IMreof. ~nd upon tM f~ilwe of t1N morty~pw to k~ep 1M
b~ildinys an said popNty in pood cond~tion of rtp+ir, tM Nlorty~pe~ m~Y dem~nd th~ imned'ut~ rcpa~r of said bv~lcinyf, w~n incre~se in tfi~ anwunt o} sec~iry, a
tM imn~di~t~ rep~Yme~t of tM debt her~by secw~d +nd tM failw~ of tlw IMortqpw to coinply w~th s~~d dan~nd of tM Mortp~qee fw a p~riod o( thirty p0)
daYt, sha'I constitut~ • bre~ch of this monyaqe. N+d. ~t tM option of tlw Mwt9+9k. immed~al~ly matwe tl+~ •ntin ~mo~nt of pincipal snd inurnt her~by
~~c~red. •nd im~e~~~rely ~nd w~~hovt notic~. 1M Mafq~~ m~y inslilW~ poc~edinys ro fweclos~ this mptyaq~ ~nd ~pply id M~ ~PDoir.t..~ent o1 • R~cs~~er, •f
Fe+C~rsl~er pro,~dtd.
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