HomeMy WebLinkAbout0231 TO HAVE AND TO HOLD the same, togethe~ with the tenements, hereditaments and appurtenances, vnto the
Mortgagee, in fee simple.
AND the Mortgagor-does-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
Mortgagee as may reasonably be required; that he dces hereby fully warrant the title to said land a~d will defend the
same against the lawful claims of all persons whomscever.
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:
~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATIOPI OF RIVIERA BEACH
i '
I ~'~IIx#~,t~~P ~D#P
~ RIVIERA BEt.CH, FIORIDA October l9 72.
~
Being indebted, for value rcceived, the ~nders~yned 'pintly snd sevrr~lly promise ~o pay to COMl1AUNITY fEOERAI SAVINGS AND
LOAN ASSOCIATION OF RIVIERA BEACN at its of(ict in the City of Rivier~ Beach, Flwida, w ader, the sum of FIVE THOUSAND
' AND NO/100-------------------------------------------oo~wtscs 5,000.00 )
, royethcr with interest thereon•as l+ereinafter s~ated in monthly inftallmenfs of Ninety-Nine and ~J~~~.~~------~
--------------0plWRS lt 99 . rj0 The fint instsllment shall be due and psyabk on the tenth
d~y of Oetober ~ 19 7 2 and :ubseq~cnt ins~allments shall be due and paysbk on the tenth
dsy of each and every cakndsr month theresher until the principal ~nd i~terest are fully paid.
larger sums may be p+id at any time, but the payment of s~y such largcr sums in addition to the payments herein ?equired shall
not .elieve the makers of the payment of the monthly instatlments fxrein prov~ded tor, unless it is spec7fically st~pulated by tFK ~akers st the
r;me of payment Ihat such larger sums are to be applied to the advance payment of the monthly installments next mafuring i~ the ader of
their due dates. All payrrKnts made upon th~s note shall be applicd first to the payment of ~tcrutd interest and setondly upon the princip~l-
ih~s obligat~on shall bear interest irom date at the rste of seven sc tW0-tenths PN ~M ( 7• 2
per annum until the principal and interest sre fvlly p~id.
Interest for each calendar month shall be scaued on the first day of sa~d month and be computed on the unpa~d balance of princtpal
a~d imerest ex~st~ng on the last day of the preced7ng month. Th~s note shall be cons~dered in default when •ny paYme^~ reqvired to be
made he~eunder shall not have been msde within thirty days folbwing its duc dste and shall remain in default until said payment shall
have been made. Whik in default, th~s note shall bc~r interesl •t the rate of 10% per annum in liev of the r~te hereinbefore specified.
All makers and endo?sers now or hereafter becoming psrties herefo jointly ~nd uverally waive deriand, notice of non-paymem ~~d
protest, and agree that in the event of default in the payment of any inst~llment due hereunder the whole of said indebttd~ess sh~ll therc-
upon at the option of the holder, become immcdistely due and payable, snd if this r+ote becomes in default ~nd is p~aced in the hands ~
, of an ano~nsy fa collect'an, to pay reasonable attorney's fees and all other costs for m~king such colled'an.
This note msy be prepaid in whole or in pan at any rime wi~hovt penelty.
; . Maxs3atet._Ii.---~ibho.ns-_.------------.csE^u
~ ~ . MARGARET H . _GIBBONS--- -
.---(5F~?U
~ S~ Robert.__D_.__ Gibbons ________________.______cs~?u
~ ROBERT D. GIBBONS
' - - - - - ---._..tSEAI)
~ `(Thia note is secued by. • mortg~ge of even date executed by the maken ir iavor of Comm~nity Federal Savings snd loan Asu+. of Rivier~ BeKh?
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 Mortgagor dces hereby covenant and agree:
7o paY alf and singu~ar tM or~nc~pal ~nd iI~INH~ and other surrn of moneY wY+ble by virt~re oi sa~d Drom~ssory note and this mortg~ge, u either, pomptlY
on tM days ~espectively, the same swerslly come due-
? io paY all and s~~qvlu ~he ra¦es, assessmeny. lev~es. ~ub.Lnes. obLqit~ons and ~M~mb~dMt) o~ ~very ~arure on sa~a aeur~bed p.operry ex~ and every
Ntien due and pavaC4 acco.d~ng ro t~w, before they become det•na~eni. and ~f rhe same shsll no~ be prpmplly pa~d rhe Morrgagee may at any t~me a~he. be~o•e
~ atte. deLnquencv Fay rF.e same w~rl,our wa~v~nq o• a1(ec~~nq the opnon to 1o.edose, a anr nght herevnde~, and everv Day~r.enr so made shalt ~ea~ mte~est irom
~ da•e ~he~eof ar r?e .a+e oro~.drd m sa~d promnso~y noee
~
~ 3. To kep the build~nqs ~nd a11 eqoipmeM and personsl prope.ty now or hereslter on said p.emisa, cov-~ed bv th~s mortgag~, inw~ed in a sum tl Ie~st
~ eqwl ~o ~be ~npaid Ea~~oce of this mortgage, ~nclud~nq fira, eatended coverage and vandaGsm aod maGc~ous ~ns~.ance as to proper~~es other tb~n dwellinga, and
fire, e.tcnded coverye s~d special fam other perils ins~rsnc~ on dwdlinqs eliqbfe ~d such bwdened cover_ ,e - pov~ded, Aowwer, tMt s~ch inswsnc~ b~ in
amovot svihcient to comoly w~~h sny cainsw~oc~ reqviremeets cwerinq ssme v~der ehe Isws of ~M :urs of Fta~da, ~nd w~~~d iwrher that the policy a polrcim
shatl be wr~~ten in a comwny « comwni~s ~nd throvyh m~yency sa~is/xtory to ~I~e Maf9syee ~wd ~Mt u~d policy or policies sMll b~ held by tM Mwt9s9ee
and sMll bear • standsrd New Yak Morty~qee Clawe wi~ho~~ contrib~tion, makinq the loss vnder said pohcies psysEle to the Mwtyaqay n its interest may ~ppes?;
and in tM event ~ny t~m oI nwney becanes paY~bb und~r ~ny such policy d po'ic~es, the IYbrt9sges sha11 Mve fht op~ion to receiw ~nd spply the ssrrK on
acco~x~f of the indebtedness hereby secured, a to permit the Monyayor to receive ~nd use ~t, or any part Mxeot, fp other p~poses, w~tl+ouf thereby waivinq
or impa~ri~q u~y eqvity, lien, a right ~nder and by virtw of this mortyaye: and in the eveM ehe Mwiga9or does not complY with this covenaM, tM JNortg~get
may pl~ce snd pay fw wch i~swance, a snv Part N+ereo/, w~thwrt w~iviny p ~ffectiny rh~ oprion to f«eclose, a+ny riqht nere~nder and tF~e full ~max~t of e~ch
•nA every such paYerrnt ah~il b~ imnydiately dw and payabl~ ~nd sMtt beu interesl from the daro thereoi vnt~l paid ar ~he rate prwided in aaid not~ and together
w~rM aucA interes~ aAall b~ sec~rw by tM hen of M~s mwtqs9e.
TAef w~oitpopN. ~or. W onr tiw~ d~ri~ tl» woAqop~ t~rw, and in iN diur~tion, oPdr Fo~ r~nwral o! wertyo~~ yvo~onlp imvronc~ cmr~rin0 tM
iwrpop~ ~i~cvt~d by fb vnd~niqeNd on w~n dab 6ererifh, poY tht premivrws dw by ~~own tMreof, oed r~auir~ repap~nl bp tM ~nd~nipn~d oi ~a~i ;
~rch onaunh os ar~ ad~onced by wid ~wortpa9se. In ~he e~en~ of lo~l~re br the vnders~yn~d /o r~por wid owwvnN ro wid wortpopN. ~uch (oil~r~ ~Aoll Q
b~ consid~r~d o defovlt, ond all provisiom of th~ nW~ ond nw~tyoqe writh reyord ~o d~fovlf slwll b~ opplicobl~. '
S. To permit, camm~ or ~vff~r no w~st~, imp~irrnent a deteria~tion of uid P~oW~~Y, a any part thereo/, •nd ovon +M fai~w~ ol eM mortqaqw lo k~ep th~
bvild~ng~ on sa~d p~operty in pood condition of rp~ir. tM Morrp~qe~ may d~nd tM immed~sN repair o/ s~~d bv~td~nqa, w u+ incro~u ~n M~ ~mown of s~cwiry. a
tM imnwE~st~ rp~yment oi tM debt hereby secwed and tM f~ilw~ of tM Mwtyapw eo comply wi~h ssid derrwnd of tM Mwfqaq~e ~a • pKiod o~ tAirty (901
Mys, sMll constit~» • bre~ch oI tl+if mortpsp~. ~nd. ~t tM option of fM Mo?19a9ee. immedutdy rrwtvn tM ~Mir~ ~mounr of , prinupat ~nd inMrtst herebp
s~cor~d, snd im~cd~~f~ly ~nd w;~hovf nolice. /M Morty~pe~ rn~y imtitW~ poc~eG~nps lo fweclos~ ~hia mwty~ya and apply for th~ evPo~ntTent o1 ~ Rec~iver, as
Fu~ln~lter pro~~~ded.