HomeMy WebLinkAbout0007 TO HAVE AN~ TO HOLD the same, together with the tenements, hereditaments and appurtenances, u~to 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 fe@ simple as aforesaid; that it shall be lawful for the
Mortgagee at alt times peaceabty and quietly to enter upon, hold, oaupy and en?oy said land; that said land is free
from all incumbrances; t!~at he witl make such further assurances to protect the fee simple title to said land i~ the
Mo~tgagee as may reasonabty be required; that he dces hereby fu!!y war.,,nt the title to said land, and will defend the
same against the lawful claims of aN persons whomsoever.
PROVIDE~, ALWAYS, that if the Mortgagor shall pay ~nto the Mortgagee the certain promissory note of which the
following in words and figures is a true copy, to-wit:
COMMUNITY FEDfRAI SAVINGS AND LOAN A554CIATION OF RIYIERA BEACN
i
,
~ C~.R~r#$~$e ~ot~
~ , RIVIERA BEAC?!. FIORIDA ,..8
?Ce~p~g~j''~ ~ 19 72. .
8einy indebted, ior vslue rcceived, the unders~y+?~d 'pintly and seve~ally prom~se to pay ~o COMMUNIiY FEOERAL SAVINGS IWD
IOAN ASSOCtAT10N OF RIVIERA BEACH at in office in the City of Rivier~ Bexh, Flo~ida, w order, ths ivm of SIXTEEN THOUSAND
AND NO/100------------ ---------------------------~otu?AS n 16,000.00 )
?~~t~. w~th ~~t~~~, ~?~~„~s«. :~.~~a mw,rhy, ~~:~.i~.~n o~ One Hundred Forty-Eight and
53/100--------aoiu?as ~s 148. 53 , The f~nr ~~t.m„~Rt ,h,u ~ aw and pay~bk on the tenth ~
day of Mareh 19 7 3 and svbsequent ins~allmenn sh+ll be dve aod p~yabk on the tenth
day of each and every cakndir month thereafter until the principal ~nd interest are fully paid.
larger sums may be paid at any tirt+t, but the payment of sny such Isrger sums in addition to fh~ psyments hereln ~equited sh+ll
not relieve the makers of the payment of tge monthly irotallments here~n provided for, u~le:s it is specifically stipulated by the m~k~n at the
r~me of payment that such Iarger sums are to be appt~cd to the sdvance psyment of the monthly installments next maturing in the wder of
their due dates. A!1 payments made upon this note shall be applied ~irst to th! psymtnt of Kuutd i~terlst and secondly upor? the ptincipsl.
This obl~gafion shall bear i~terest from date at the rate of eight & five-tenths P~ p+K ( 8. S 'X.)
~ pe~ snnum uMil the printipal and inte~est are fully p~id.
Interest fw each catendar month shall be scuued a+ ~he ftrst day of ss~d mo~th and be computed on the unpsid batance of prir+ctpal
and imerest e:~sting on the last day of the preced~ng month, ih~s note shall be cons~dered in default when aey p~yment required to be
made hercunder shali not have been made within thirty days folbwiny its due date ~nd shall ~ertwin in def~ult unti) said payment sMll
have been made. While in default, th:s ~ote shall bcsr :nurest at the rate of 109G per ~nnum in lie~ of the rate he~e;nbefwe specifi~d. _
All makers end endorurs now or hercafter becominp puties hereto tointty ~nd severstty waive der~and, ~ot~ce of r~oo-paymen~ ~nd
protest, and agree fhat in the event of default in the piymcnt of arsy insullme~t due hereunder the whole of said indebtcdneu shall therc-
upon at the option of the holder, become immediately dve and pay+ble, snd if this note becomes in default ud is plued in the Mnds
of an anorney for coliecYan, to pay rcasonabte attorney's fees and all other cosrs for making such co~kdion.
This note may be prepaid in whok or i~ part at ~ny time without pen~hy. ,
--$~---~~4SS,~_~a,._~'rP-n3_ .~---------.~.(sEAq
GEORGE L. FRENZ
' _..-------------------------------------------------.._~cs~?U
; -Donna _.M L~r~.nz__----- --------tsfau
DONNA M. FRENZ
~ - _ ..-----~sEn~)
~(ibis note a seaxed by • mortgage of even date execvted by fhe make?~ in :r•+or of Commw?ity Federsl Savings snd loen Assn. of Riv~er~ Beach)
and shaU promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
covenanfs 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 ree:
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1. 7o w~ s8 a~d s~ng~lu tM pri~xip~l ~nd interat ~~d other svms d money paYabte by virtue of said P~a+~:+sory note and thes mwtyaye, a~ither, pomptly
o~ ~M days resPen~veh, ttit ame swerslly carr dw.
j io wr +~d s~nquln ~he 4¦es, asse~smems, 4v,e~, baD~l~~~ea, ob6gat~ons and .oc.,mMances of r~ery narure o.~ wo oeur~Dtd proper~y exA and e.ery
~•}e~ due and pay~Ele atcwd~ng ~o ~aw, befo.e rAty become del,nQuem. and J ~he same shaf~ nor be promprty vud rAe Mo~rgigee may at any r+me nrAe. befae
~ al~e. del~..Q~e~cy par tF.e same wdnout warv~ng o~ a~fecnnt~ the opnon to ~wedose, o~ anr n9M he.rv~dr. and eve~~ paymene so made she11 bear mterosr from
da•e thereof ar Me ro+e wo..ded m sa~d promnso.r ~ore
3. io ke~p the bu~Id~~4s snd a11 eqvipment ~nd personal property now or hereaiter o~ said prem~sts, cove.cd by this mdfgag~, inw~ed i~ a sum ~t kasf ~
eawl lo the unpaid bat~nce ol tAit mo.Ig~ye, ~nclvd:ny f~e, e~tended covcr~ge and wndalism tnd mat~c~o~s ~murance as to properrits crAt~ th~n dwellinyt, and
t~.e, e+te~ded coverays and special fam other perils :mw~nc~ on dwe~l~ngs eligb!e fa svch brwdened cover_~e - prov'~ded, howwer, tMt sirth iea~xanc~ b~ in
emo~nr s~ificiMt ro camply w~th sny co-ins~ranc~ rpviremenfs coveriny ume vnder eM 4ws oF ti~e ;ra?s of f{wid~. ~nd provided fwMer that Nro poticy a policias
shaU Ee writt~n in ~ comprny w companies a~d tAroi~yh ~n aqency s~t~slxtory to rl~e INo.~gayee and ~l~t sa~d policY or policies sMll b~ held bp the AAortysqee
and aMtl bew • s~~dard iVew York Mwfpaqes Clavs~ wi~Aovl co~tnbvtio~, msk~nq the toss ~nder sa~d pohcies paysble to the Nlor~qpe~ as ih intpnt rrvy appe~r;
~ and in tl+~ event ~nY sum of mwroy becomef par~pb under ~~y s~cA policy a po'ieies, the Mortqaqee sAafl Mve Nw option ro receiw and apply d~ s~en~ on _
xcowa ol tM :ndeWedness hereby secured, a ro p«mit tM Monp~qw to ~ece:w and ux .t, w anY part Mereoi, iw other prrposes, witAwt thereby winring
a impairinq ~ny eQu~ty. IiM, p righ~ undcr a~d ~y v:rtw of lhis mwt9sqe: ~nd in the event ~he Nbrtgsqp dpey rqt comply w~th this covenant, fh~ Mort~qe~ .
mar Plx~ ~nd wY (w s~ch inswance. w~e+Y part ehereo/, w:Nwut waev'~nq a~if~uinq tM opr;on ro faecloae, a anY riflht hereundn snd tMe (u11 arrww+t o/ e+ch
and evw7i s~ payrnent shall ~e imrn~diatdy dw ~nd p~yab4 and shafl bex int~rest iroen ~he date thereoi until ptid ar ~Ae rate wwided in said nole and toqelher
witA s~d+ interes~ shall b~ sea,rw by tA~ 6e.~ of Mws rnortgaqe.
1. The1 ~tOoq~~. ~ar, ot owy fi~ d~rieq IM worlyop~ brw, oed in ib difcr~tion, opply lo~ r~n~rrol p( ~ort0op~ yuoronlp iwtvroec~ towrin~ /Iw
inortpo~~ •:.cv+.d br ~A. ~ndenqned on ~~~e do/e I~erewith, por fhe premivms Aw br r~oson ~Mrw/, ond rp~ir~ reparMnl 6r t1w ~sdeniyn~d o/
fuch a+nounf~ w o+e odronced Ar wid ~nortpoyet. In tbe e~enf oi (oilu~~ by tAe vnd~raipn~d fo r~poy wid owovnfs ro wid wortpopN, ~vtA (oilvr~ ~holl
b~ consid~r~d o de(o~l~, ond dl pro~ision~ of ~Ae no~~ ond ww.tqoye r~th repord to d~la~lt tlwll b~ opplicobl~•
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3. 1o permie, comin:t a suH~r ra wut~, imp~iirrrnt a dNer:astion of sa~d p.op~~ry, or any our thereof. ~nd i~pon ~M f~iiw~ of ~M enortqpw to 4~ep M~
buildinqs o~ uid popary in qood tond~tion o( r~pair, tM Morlp~y~~ rewy denwe~d tM i/nmed~~e~ repa~r o1 said bu~ld~ngs, p an increas~ ~n th~ amo~int o1 ~etwiry, o~
M» irrrn~d~~f~ r~yment o/ tM deM he~tby secwed snd tM f~~lvr~ of Nr Mortyapor ro complr w;th iaid d~~n~nd ot t1» Mortpapee fw s p~riod o! tAirty I~DI
davs, shall canUrv» • bnych o/ thi~ ~nw~q~q~. and. rM op~~on of rM AAar9~v~e, ~mmed~mly nwiwe tM ~nr~r~ sm«,M of p~nc:p~l ~nd inr~rnt hnebp
' ¦ecwed, and imme~~hh and without ewtic~. ~M Mw~~pM en~y in~ F pocsednnys to f«~ctos~ this mertp~p~ and
p~pfp Iw tM spooin~ment o1 ~ Rec~~ver, e~
~ ~a • s~~e. p•o ded.
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