HomeMy WebLinkAbout1391 TO HAVE AND TO HOtD the same, together with the tenements, hereditaments and appurtenances, ur?to the ~
Mortgagee, in fee simple. -
AND the Mortgagor dces hereby covenant with the Mortgagee that he is indefeasibly seized of ~aid land in fee simple, ,
that he has full power and (awful right to convey said land in fee simple as aforesaid; that it shalt be lawful for the
Mortgagee at all times peaceably and quietly to enter upon, hold, octupy and enjoy said land; that said land is free
from all incumbrances; that he will make such fu~ther assurances to protect the fee simple title to said land in the
Mongagee 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 whomsoever.
PROVIDED, ALWAYS, that if the Mo~tgagor shall pay unto the MoNgagee the certain promissory note of which the
following in words and figures is a true copy, to-wit:
f COMMUNITY fEDERAt SAVINGS AND LOAN ASSOCIATION Of RIYIERA dEACH
I -
I ~ur#~tt~P ~D#e
f
f RIVIERA BEACH, FIORIDA October ~ 19 2.
; dein9 indebted, fw v~lue received, ths unders~yn~d 'pintly snd uveratly promtse to pay to COMMUNIiY fE~ERAI SAVINGS AND
` IOAN ASSOCIATION OF RIVIERA BEACH sr its offioe in the Cicy of Riviera 6each, fbrida, a orde?, the swn of ~ENTY-ONE
~ THOUSAND AND NO/100---------------------------------- ts 21, 000 . 00 ~
' roye~her w~th imc?es~ rMreon as herein~fre. siated in monrhly un~~llm~ms of OAe Hundred Sixty-Five and
~ 35/100------•.oo~urts ts 165. 35 1• n,e sK.t ~~t.~~meot stu~~ be aw .nd pay.bk on the tenth
I d~y of November ~q ~ 2 and su6sequent inst~lknents shall b~ dw ~ wr+bw ~ tenth
~ d~y of each and every c~k~d~r month there~fler ~?ntil tM princip~l and inter~st an fully paid.
larger sums m~y be p+id at sny time, but the p~yment of sny such la~get sums in addition to the psyments herein ~eqvired thall s
~ rot relieve the maker: of the p~ymtnt of the mon~hly installmcnts herein provided fw, unleu it is specifially stipulated by the makers at the
e~:.e• of payment that such larger sums arc to be appGed to the advance psyment of the~ riwnihly insi~llm~nts next mawring in the wder of
I their due dates. All psyments made vpon this note shall be spplied lint to the payment of ~caued intcrsst and tecondly vpon ths princip~~-
i
~ This obliystion shall.bear interest from date at the rate of seven & tW0-tenths ~ 7. 2 X'~
i per annum unti! the ptincipal ~nd interest ~re fvlly paid.
~ Interest for each ule~dar rr.onth shaq be acuued on the fint day of said month ~nd be computed on the ~mmpeid bslsnce of prindpal
~ ~nd interest e:isting on the last day of the preceding rtwnth. 1F?is note sh~ll be considered in defavlt when any payment requ~rsd to be
~ made hereunder shall nof hsve been made within thirty days folbwiny its due date and sFul) r~miin in def~ult until s+id paymem +hdl
hsve been made_ Whik in default, ~his ~ote shall besr interest ~t the r~te of 10'lf. per +nnwn in lieu of the rate hertinbefore specifi~d_
i
~ All makcrs and endorsen now or hereafle. becomi~g puties hereto jointly ~r+d sever~lly waive densnd, notice of na+-payment and i
I protest, and ~yree th~t in the event of default in the p+yment of any installnxnt due hereundsr the whok of said indcbtedneu si+~ll therc- ~
~ upon •t ~he option of the holder, bccome immediately due and pay~bk, and if this note becomes in default and i~ pl~ced in the M.~ds ~
I of an anorney fw colkctiw~, to pay rcuonabk attwney's fees uid all other cosn for makiny auch colkctioe?. i
; This rate may be prep~id i~ whok w in pan ~t any time witlw~rt pemhy. :
i
----__.___.__1sE~?u
! ' -.sL----~r~y__~A]s3er
` i HARRY H. ALDER
---------------(sEIW.
i i _~__Mar~c
aret W, Ald~.~_-_____...___.~cs~?u
E ~ MARGARET W. ALDER
j _..._-T____----------------------- -------~-------~sEwu
~(This note ia secued by a mortg~ye of even d~te execvted by the en~ken in fawr of Community fedtr~l Savinpi ~nd loan Assn. of Rivier~ 8each)
and shall promptly perform, comQly with, and abide by each and every the stipuiations, agreements, conditions, and ~
covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void.
i
AND the Mor~gagor dces hereby covenant and agree: '
i
„ 1o wr ~M ~nd sv~yula~ ~h~ wincipsl ~nd interest ~nd otl+er swro of mon~y payable by virtue of sa~d awn~ss«y nore snd H,i: mon9.ye, w ~itM*, pomptly
on tM dips resptttivey, tM ume s~v~nlly carr dw. ~
1 To pay a~l and s~nqulx rhe ~~¦es, ~sse~sments, 1ev~es, I~abl~t~es, obl~gsnwn ~nd ~ncw~+b.ances o1 Hery nawre o~ wa oeur~bed poperty exh and every
wi,en due snd wr+bte xcwd~nq ~o Iaw. bcfo.e rhey become def~.,qvem. ~nd ~f rhe same shalt no~ bt PromPllp pa~d rhe Morrgagee mar ae ~~y ~~me e~~her belo.e
alees debnpuencr P~Y ~~e ssme w~ihou~ wa~wnq p~~~Khnq ~he opuon ro fwedose, or anv nqAt herounder, and evaY P+vment so made shall bes~ ioterest lrom '
wom~sswr norc. f
~ +`+e da~e ~he~eo} u ~he ra~e por~ded ~n said ~
c -
~ 9. To kep the bvild~nqs snd all e~ipmeM ~nd person~l poperry now a hnu~ter on ssid pemises, covered by ~l+is morty~q~, iro~r~d in a sum N Ita~t
eqwl to the unpaid bat~~ oi this nwrtp~ys, inclvd~nq fir~, eslended coveraye ~nd v~nd~lism ~nd rn~liciovs insvr~nce as to poperlies other ThM dw~llinps. N~d
~ fire, e¦tended covtra~ ~nd special fam other perils inaw~nc~ on dwellingt sligble for s~rch bosde~ed cover_ ie - pov~ded, howwer, tl+~t svcA inwr~nc~ b~ in
smount suificient ro comply with sny co-insw~nc~ rpviremenb coveriny umt under eM laws oi Ihe ~iat~ of florid~, u~d provided fw~her that the policy a policies
~MII be vv~itqn in s cornpany or co.npanies u~d Mvoiryh a~ ~ye~cY sa~~sixtory to the Mwrqaqee ~nd tMt ssid policp pf pOIiCiM shall b~ held by tM MoAqsy~e ~
•nd sMll b~a • st~ndard New YaSe AAortp~g~ Claus~ withouf contribvtion, mtkinq the bss wde~ ssid pol:cie~ p~y~bN to tha Mwty~qa~ q iH inta~st may ~ppea?; M
and in tM went ~ny swn of mon~y becomes parsbb und~r ~nr sutl~ PolicY or Pe~icies, tlx Matyaye~ shatl Mw tM opfion lo rsceiv~ and ~pplr tM ~amt on ~
xcount of 1M ind~bNdness Ice~~by secwed, w to ps~mit tlx Mwty~qw to receive and use i~, w a~ryr pKt thKeo(, for other pwpostf, witlaut tMreby waivinp
oi imp~irirp u~y p~ih, lien, or riyh~ wwier ~nd bq virtw of Mis mortyage: +nd in the ~vent ~M Monq~yw do~s not c«rwN wirh Mis covenant, t!r Mwt~gc~ ~
eruy pl~c~ and psY for such irowance, or uw parf thereoi, without w~iviny w~ff~ctinq tM option to lor~close. w ury riql+t Merwnder ~d the full arrwu+f oI e+ch ~
~rd tvwr su~fi paynrnt sh~ll bt imm~diateh dw and v+v+bl~ +nd sh~tl bear in~eres~ fran tM date the~eoi until paid st d+e r~~e provided in said noN ~nd toge~FKr
witA t~cA inlereft sh~ll b~ secw~tl bY IM I~an o1 d+is mwlqsye. ~
~
I. TAeI wwtOpN, woy, ot awr li~ dvriiq fl» wwfqe~ Nrw, oad iw iM dittr~tioa, opplp /w r~wewal of ~atOo~ ouwaehr iwwrewc~ ce~~i~q 11» ~
wwpo~ ~:~cut~d bp /IN vnd~rsipn~d on ~~~n dat~ I~~r~witb, pop tM p~ewiv~t d~~ bp r~ofo~ tMr~o1, a~d rpvir~ ~eporw~nt bp 11w ~wd~rsiqw~d ef yt
~rcA osovnb m ar~ od~onced br wid wortoopee. In tM e~ent of Foilurt b~r tM ~~d~rsipn~d b r~Pop wid onaueb b wid warloopN, sutA loilvr~ ~oll a~
b~ ton~id~r~d o ddo~h, ond dl prmrisiom of th~ nW~ ond iwortyope vrith reyord /o d~foYlt ~AoN b~ opp~icoWe. O~
S. To pamit, camnit a wffr no w~sa, i~irm~nt w d~N.ia~tion of uid D~~~H. a+~Y w~t tlK~wi. ~nd upa~ rM /~ilw~ oi tM m«tppw b keep Nh
buildinps on wid pa~owty in pood <ondtion o( rpair, tM Mor~p~qN m~y d~d tM imnediaa rp~'v of said bv~ldinqs, a~n iew~~s~ in tM amount of s~cwiryr, w ~
tM i~rrn~d'ia» rp~ym~et of rM deE~ her~by sec~~d +nd tM f~ilw~ of th~ Maty~qw to canplr with uid d~mrnd d th~ Matp~q~e for • F~riod of thirtp (30)
daYf, sh~0 cw~stifvN • Meach o~ thif mor~p~pe, w~d. ~t tM oWion o1 tM Mwtq~qN, imrrwdaM~Y nrhrn tIM tMi?~ ~nwunt o~ D~~ncip~l and inNr„f ha~bT
s~cvred, a~d irn.~e~+~r~y ~nb w~~hou~ ~otiu, tM Mwtp~pM nry imti~v» proe«dinq~ to Ia~cloa~ this n+or~q~ps and applp fa fM ~pvo~n+Rem of • RKfivN, n
h~ra~rsf~er pro~ided. ~ .