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Home My WebLink About4226 TO HAVE AND TO HOLD the same, together with the tenements, hereditaments and appurtenances, unto ihe Mortgagee, in fee simple. , AND the Mortgagor dces hereby covenant with the Mo~tgagee that he is i~defeasibly seized of said land in fee simple, .ti~~ ti~ 1.:= I=~11 ~,,..o, a.~ I~.wf:~l r.~h~ t~ c~nvey cair~ I~nd in fee simnle as aforesaid; that it shal) 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 p~otect 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 and will defe~d the same a4ainst the lawful claims of alt persons whomscever. PROVIDE~, ALWAYS, that if the Mortgagor shall pay vnto the Mortgagee the certain promissory note of which the foliowing in words and figures is a true copy, to-wit: COMMUNITY FE~ERAI SAVINGS AND tOAN ASSOCIATION OF RIVlERA BEACH i ? ~,~Dr#$~~e ~D#P , ~ RIVIERA BfACH, fLORIDA December ~ 19 72. Bein~ indebted, fw v~lve received, the unden~yned pintly and severatly promise to pay to COMMUNITY FE~ERAI SAVINfiS AND IOAN ASSOCIATION OF RIVIERA BEACN at ib office in the City of Rivier~ Beach, Flwid~, a ader, fhe swn of FIFTEEN : THOUSAND AND NO/100-----~--------------------~-~------~u?RS cs 15 , 000. 00 ~ ` royether wi~h interesf tl+treon u hereinafte~ stated in monthly inst~l4r~nri of One Hundred Thirty~S1X and rjl~].~~_______DOtLARS (i 136. 51 The fint inst~flment shall be due and payabk tenth ~ d~y oi January 19 73 and subsequent inst~llments shall be due and p~yabl~ on d+e tenth day o( each and every cak~d~r month thereaher until tht principal and interesf ~re fully p~id. larger sums may be paid at any time, but the payment of any such terger sums in addition to th! payments herein required ~hall not reiieve the makers of the peyment of ~he monfhty installmentt herein provided for, unless it is specificalty stipulated by the makers ~t ~he t~me of payment that such largcr sums are to be appl~ed to the adva~ce psyment of the mo~thly inst~limenfs n~xt maturing in the uder af rhe~~ due dates. All paymcnts made upon th~s note shall be ~pplied ~int to the payment of ~cv~ed interest and secondly upon the princip~l- This obl~gation shall bear interest irom date at the rate of seven sc tW0-tenths P~ a^f ( 7. 2 x'~ pe~ ~nnum until the paincipal and interest ar! fvlly p~id. Interest fa each calendar month shall be acuued oe~ the f~rst dsy of sa~d month snd be computed on the unpaid bslance of princ~pal snd inferest ex~stirsg on the last dey of ~he precedtnq month. This note shall be cons~dered in default when any p~yment required to bs made hereunder sh~ll not have bcen m~de within thirty days iolbwing its due d~te ~nd shall remain in def~ult crntil said paymeM sM~~ - have been msde. While in default, th~s nou shs1l beer imerest at the rate of 10% per •nnum in lieu of the rate hereinbefwe spec~fied- All makers and endorurs now a heresfter becom~ny puties hereto pintly and uverally wa~ve der~and, notlce of non-p~yment and pro~es~, and a9ree that in the event of default in the paymcnt of uey iosullment due hereunder the whole of sa~d indebtedness shsll therc- - i upon at the opt~on of the holde+, become immedistely due and payabk, snd if this r?ote becomcs in default and is pl~ced ~n the hands of an enorney fw collenion, to pay reuon+ble attorney's fees ~nd all other costs for makit~ such colkcNo~. ~ Tha note may be p.epaid io whole or in part at anr rime witl+o~t pen~hy. ~ ! _Sl _ Theodo~~~,__S?5~i~s~.---------~._..cs~?u ~ THEODORE S. OWERS ~ - - ------csEwu ~ S Madel n _R. _Owers----- ~ ~ ---Y-- _ c~?u ~ MADELYN R. OWERS € ~ - - - (s~?u ~ ~(ihis note is secvred by • mortpaye of even date e:ecuted Dy ~he m~kers ~r. favor of Community Federsl Savings and Loan Assn. of Riviera Be~ch? ~ "s ~ ~ ~ ~ and shalt 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 Morsgagor dces hereby covenant and agree:. a ~ . 1. To paY a11 ~nd sinyu4r tlr w~nupal ~nd interest ~nd other sums o( naner P+Y+ble by v~rtue of se~d prom~ssary note and this mwty~y~, w eithl~, pranptly on tM drrs respectively, tM same s~verslty come d~e_ ° ~ io wr and smqolu ~he ~aaes. assessmrnts. 1ev~es. I~ebd~r~ee, obLga+~ons s.+d ~nc.,..•t~e.,ces of ~very na*:,re on sa~o ocscnDed wooe~~r e~c~ and eve~y ~ +.fen d~.e and payaAte accord~nq Io Iaw, ~efae ~hey be~omt del~nqven~. and ~f ~he samt sha~l no~ be e•omprly pa~d rhe Vfongaqee may at any r~me e~tAer Dt1we ~ ~ alu. deLnavencr c~+r ~~~e same w~t~ou+ w~~v~n9 c~ alfect~nq the uc+r:on ro foredose. or iny r~qRt here.~~de~. a^d e.e~v oaymenr so made sha~l ~ea• mte~cst from ~ da•e r~~~~l ar ~i~,e ~a.e o•o.~ded .n sa~d prom~uwr ~o+e - ~~c 3. To kesp the bu~ld.ngs and all eq~rlpment ~nd persoaal p.ope.ty now or berc+(ter oe sa~d Wrm~ses, ww-red by th~s mcitgage. ~nsured in • sum~ ~1 katl . r~»rl to Me unpaid babnu of ~hlf mwtq~ge, inc!vdnq fir~, e.tended co~erage and vsndsi~sm u~d maLc,ous mw.xKe as to p~opernes other than dwslliny~, ~nd ` f~re, e.eended covera9e snd specul (am o~her perils inswanc~ on dwd6ngs e1lg~ble /w svch bwdened cover .~e - pro~:ded, howwer, rhat svch inswsnc~ b~ in _ ~mou~t tuff~cicnt to compiy wnh sny co~insur~nce rp~iremenh coverinq ume vnder M~e I~ws of tM :rat~ of ftw~da, snd prw~ded (urther thst the policr a pol~ties I~ ~ ihatl bt wr~f~an in • comp~nr or comp~nies ~nd ~Arovgh ~n ~pencr s+hsfxtory to rhe Mwrqayee and tMt sa~d policy a pol:cies sMll b~ held by tM Mortp~yee ~J ~ and shall beu • st~nd~rd New Yak Mwtyaqee Claus~ w~thout conb~but~on, mak~nq the loss ~~der se~d pol~c~es paY+ae io the JMorty~pe~ aa ih iMerest may ~ppex; ~ a~d in tM ~venf ~ny swn o/ moe+ey becomes paYable u~da ~ny sucA pol~cy or po'~c~es, rhe Mwtgagee shafl Aave tM opr~on Io rece~~re snd appl~ Tl+~ sam~ on ~ . - rcco~n~ 01 the ind~tedness hersby secured, w to permit the Mortqaqor 1o receive and use ~t, or any part thereo(, fw olhe~ purposes, witlwW theteby w~ivinq Si...~ or ~~np~:riny ~nv eq~ity, lien, a riqht undtr ~nd by rirtw of this mott9sye: ~nd in Ihe evenf Ihe Mwtgagor does not coenplY with th~s covm~M, tM Mwtyaqte _ ms t~c~ ~nd pay fa svcl+ i~sur~nce, a anv P+rt tl~ereof, wiN~wit wuvin a~if«~i ~M opnon fo f«ec~ose. or anY r~ y p 9 nq ~qht nerevnder and rhe f~ll ~mwiM of exh ~ and ewry s~cfi paYmen~ shall b~ imn~diafel ~w ~nd ~ Y WY+ae and shu11 bear interpt from the datc thereo( ~nt~l paid at ihe rate p.ovided in sa~d not~ and togefher u- ~ w~th sucA i~rcrest sMll D~ secww by the I~e~ o~ M:s nw~tqa9e. 1. TAof ~ortpopN. ~op. ot owy ti~y durir~q fM ~wfpop~ Nr~, ond in irs di~cretion, oPpl1 (or r~n~wrd of so~tyop~ ouoroeiry imurowc~ cowrin0 tA~ ~ > nartpop~ •:.c~i.d br ~M~ undersipned on wen date htrerith, por fM premivms dve bp nawn tb~reof, and reqvin reporn»nf bp ~M vnd~r~Md of ~~l auch oinounb of o•• od~onced br sa~d inortyoyt~ le ~Ae e~em ol Failure by ~hs ~nd~rtiyn~d ro r~pop wid anw~nb ro wid wwrtyoo~~, socA foilrr• Jwll R y, }Y~ c, p b~ con~id~r~d o d~IovN, ond olt pro~isionf o! rht noe~ ond To~f9ope wi1A ~e9ord to d~la~lt fAoll b~ opplicobl~. ~ 5. To perm~?, can+e~t a svfl~r no wast~, imp~~r.eem or d~N~iaN~on o1 ssid D~~+wrty, a~ny o+.t tl,ereof, and won 1~ilwe ol tM morty~qor ~o fuep tb~ . :4f Euild~nqs on said properry in pood condrion of r~p~ir, tM Matq~qN rn~y dan~nd tM ~~nmed~~r~ rew~~ ef sa~d bv~ld~nys, a~n ~ncre~~~ ;n tM ~n+ounl of secur:ry, w r!» :mmxd:~~~ r~yment o} rM dede he.eby secw~d ~~d ~M 1~~Iw~ oI rM Mw~y~yo. ~o carnplr w~~A s~~d d~mae+d o( :M Morfp~qee f« s p~riod o( th~rtp (30) " d~r~, shall cw~st~~ur~ a breach o1 ?hif ~nor~qape, snd. •r ~M op~~o~ of tM Matyapee. ~mmed~~~e~y rrw~we ~M ent.n ~mo~nt of p~incip~l and inr~rHt hereb~r i~c~.ed. and imTed~~Mlr •nd w~tApR nolice. IA~ Mort9aqN m.~Y iepitvl~ pa~ed~nqs Io ~a~clos~ tAif matyip~ •nd ~pply 1w th• eppoint..~ent of • Rece~.er, sf x he•e ai~~. ~ _.a ~ ~ ~ F' r~'~~~ s, ~ ~ - . p . . .X°~..~ ~:a _ Y~ . .~4. . . . . . ' r a.-.v-Q s< ':4:~ `_~'~s