HomeMy WebLinkAbout0851 • ' ~
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TO HAVE AND TO HOLD 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 lawful right to convey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaceabiy a~d 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 ~equired; that he dces hereby fully warrant the title to said land and will defend the
same against the lawful claims of all persons whomsceve~.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of whith the '
following in words and figures is a true copy, to-wit: ~
~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCtATION Of RIVIERA BEACH
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i C~~r#~tt$P ~TIItP
~ RIVIERA BEACH, fIORIDA October ~ 19 72 .
~ Being indebted, iw wlut received, the unders~ned 'piMly snd sever~lly promise to pay to COMAAUNITY FEDERAL SAVINGS AND
~ IOAN ASSOCIATION OF RIVIERA BEACH ~n oifice in the Ci~y of Riviera Beuh, Fbrida, or orde~, the swn of. 'j'~jENTY-`~'~~
~ THOUSAND TWO HUNDRED AND NO/100---~~-.-~-----j=:-------~~ ~ 22,200.00 ~
i royether wi~l~ interes~ th~reon ~s hereinaf~er s~ared in monfhly inst~l~ni~rMS cE ~ One Hundred S1Xty-Nine and
: 47/100-------oo~u?as cs 169 . 47 Tr~ init~llment shsll be due and pay~bk on the tenth ~
~ d~y oi November 19 72 snd subsequent installments shall be due a~d payabk o~ the tenth ~
' dsy oi each and evcry c~knd~r month Ihcresfter vntil the principal and interat are fully psid.
; l~~ger sums may be paid at any time, but the payment of any such larger sums in addition to the payments herein required shall
' not relieve the m~kers of the payment of the monthly installme~ts herein provided for, unless it is 3pecifically stipul~ted by the makers ~t the
iime of payment that such larger sums are to be ~ppl~ed to the advance payment of tFie monthly installments next msturing in the order of
i their due dates. All payments m~de upon this ~ote shsll be spplied fint to the payment of ~ttr~ed interest and secondly upon the princip+~-
This obligstion shell bea~ i~terest from date st the ~~te of S1X & eight-tenths P~ 6. 8 x~
pe. a~num until the principal and interest are fully paid.
j Interes? fa each calendar month shall be accrved on the first day of said month and be computed on the unpaid balance of princip+l
i and interest ex~st~ng on the last day of the preceding month. This notc shall be considered in default when any payment requ~red to be
; made hereundcr shall ~ot have been made within thirty days following its due d~te and shsll remain in def~ult until said p~ymem sh~fl
have been made. While in defautt, th;s note shall bear interest at the rate of 10% p~r annum in lieu of the rate hereinbefore specified.
AII makers snd endorurs oow w hereafter becom~ng parties hereto jo~ntly and severally waive der-sand, nctice of no~-paymem ~nd
protest, and agree that in the event of default in the payment of any inst~llment due hereunder the whole of said indebtedness shall thera
upon at the option of the ho~der, become immediately due and pay+bk, snd if this note bemmes in defsuk ~nd 'n plued in the hands
' of an snorney fa colledion, to pay reasonab~e attorney
s fees end all other costs for makinp such colkction.
This note m~y be prcpaid in whok or in paA at any time withovt pen~lty. ~
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~ i - ~l~ -.?1•----8~.$CIC___----•-----~-----------~Al~ ;
j ~ ROY J. BLACK ~
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~ .~C --.L_us.x.le._A~_..Black.--------
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; LUCILE A. BLACK /cC
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i(This note a tecvred by • mortg~ge of even date execvted Dy the maken_ ~n ir~or oi Comm~nity Federal Savings and loan Assn. of Riviera Besc1+) t
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and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and f
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:
1. ro wr +n ~nd sinq~lu ~I» princ~psl ~nd iMNHI and otAer sums of money payabte by virwe of said prom~sswy note and this morty~9e, a eithet, prompfty
on tM dari r~sqctiveh. the same severallr can~ du~.
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1 io pay all and s~nqulu ~he ~~.es, ~ssess~++ems. ~e.~n. I.ab.~~+~es, obLgs~~ons snd ~n:.,~++b~a~ces of .~ery ro~ure or~ sa~o ocunbed p•ope.tY exh and every
~«hen due ~nd oaWGte acco~d~nq ro taw, befwe theY become dehnqueni. and ~f ~Ae ume s~all nor be prompely pa~d +he Mortgagee may at any e~me enher befo.e
a~ee. deLnqve~,cy pay ~he same w~~hou+ waw~ng o~ af(eu~ng ~he oDnon tu fwedose, o. anr n9M hereunder, and eve~r paymenf so made shat! bear mrerest from
•^~e da~e ri+ereo~ ar rl,e ~are wo~~ded ~n sa~d p.om~sso.y .+ore ~
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~ $ To kep the b~~ld~nfls ~nE atl eqvipment snd person~l proptrty rww a hereafter on said pem~ses, cor-~ed by thn mer~g~g~, i~swed in a swn a1 lesit
eqwt to the unpaid ba~~nc• of Mis mor?yag~, includfoy fir~, eatended coveraqe ~nd vandal~sm and maliaovs msurince as to propenc~s otber tMn dwellings, ~nd
~ i~re, ealended covera9s a~d special fwm o?her perils inswantt on dwellings sliqble fw s~cl~ brosdcned cover_~e - prov~ded, however, tM1 s~ch insuru~c~ b~ ~n i
~ amo~nr s~it~cient ro comply with any co-inwranc~ rp~i~ements coverinq same under M~e laws of t/ro :tat~ of fto.ida, ~~d p~widcd fvrther fha~ the policy w poticies ~
~ shall be wrinen in a comP+ny o~ companies and ehrouyh ~n ~yency aa~~sfactory to ~Ae M«rqapee snd tMt said policy a pol~cia sA+ll b~ held by tM Mortqsgee z
and sMl! beu • st~ndud New Yak Abrfqsyee Clsus~ witlw~t contrib.~rio~, makinq Hro loss under sa~d pol~cies paYSbls ~o tAe Matqaqee ~a irs interest may appex; ~
and in tM event my swn of nwney 6ecomea psyable under ~ny such policy or po~iue:, the Mlwtq~gee sha~l Asve the option to receiw snd app1Y tM farn~ on '
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accowit of tM indebted~ss hereby uc~red, o~ to ptrmit tl~e Mortyapa to receive +nd ~u ~t, or any put Mweof, 1w otAer pwposes, wifhout tMreby wirvin9 `
or impairinq a~y equiry, iien, w riyhl ~nJef ~nd by vNtw of this mo~t9aqe: and i~ the event the Mwtqaqor does not co~nply with this covenant, tM Morty~qee i
msy pl~c~ ~nd p~Y for such inswance, w anr p+?1 N~ereof, without waivi~p p~ff~ctinq tM opt~on to f«eclost, p~nr rigMt here~nder and the f~ll ~moixN of e~ch a
and evwr s~+d~ payerrnt shatt be :mm~diately dvs a~a p.yaW. ane sMll beu in?erest irom the da~e tlureo/ vn?il paid at ~he rate provided in saiA not~ and together ~ ~
witw sucA in?erest shsll b~ stcww br the I~en of this mortgige. ~
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4. Thot ~wf0op~~, wor. et owr fi~M dvrinq tM woApo~ /~rw, oed in ih discr~tion, aPdr fo~ r~n~vrol of ~orlyo~~ ouoronry in~uronc~ cowri~y 1M ~ ?
wwtpop~ ~:~cw~d br tIN und~.~pned on ~r~n dot~ I~er~witi~, par tbe prc~ni~ms dv~ by r~ow~ tMr~ol, ond r~quir~ r~popn»nt bp ~M vnd~nipn~d of
such onwvnh os ore od~onc~d br soid mortyopee. In ?be ~venf of la~l~r~ br tAe v~d..•~yn.d ~o r~poy wid anw~nN to wid ruortyoo~~, arch /oilvr~ sAoll
b~ contid~r~d o d~lovh, ond oll provisio~s o( tMe no» ond wwrtpope writA re9ard to d~fovlt slall b~ opplicobl~. ~
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S. To permir, comn+i~ a~vff~r no w~~t~, imp~+~mtm a demia~fion of s~id Drop~rfy, a any D+rt thereof, and won tM f~ilw~ of tM mortpapw to k~ep th~ ~
buildinys on uid qopertY in pood condition oi rep~ir, tM Mortq~pN maY d~m~nd tM invnedi~t~ repair of s~id b~~ld~nqf, w an increas~ in tM ~nww~t of a~cw~ty, w -
tM imm~di~q rp~ymmt of th~ debf hereby secw~d ~nd ~M i~ilur~ o~ th~ Mwtqaqw ro comply w;th uid d~mand ot tM Mortqaqee fo? • p~riod of thi~ty (30) ~
daY~, sMII constif~t~ ~ be~ch of Mif mwtpaqe. ~nd. N tM opt~on o{ tM Mwtyiq~e. immed~~tely m~twt tM e~~~n ~mowU of p~nc~p~l ~rv! inttr~st her~by
ucured, snd im~ed~arely •nd wlrAovt notie~, th~ MwtpapN rrwy insfiM~ poe~edlnqs b tw~cbs~ tA~s mortq~qa •nd aoaly iw M~ sPDO~^'^~^-^~ of s Rece~~:e., a~
te.e,.enr• c,~.. .:f~
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