HomeMy WebLinkAbout4231 . .
TO HAVE AND TO HOt~ the same, together with the tenements, hereditaments and appurtenances, unto the
Mortgagee, in fee simple. ,
AND the Mo~tgagor dces hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful ~ight 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 (and 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 ~easonably be required; that he does hereby fully warrant the title to said land and will defend the
same against the lawful claims of all persons whomsoeve?.
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 tOAN ASSOCIATION Of RIVIERA BEACH
~~IIr#~tt~P ~D#e
aiviEw? e~?cH, Fiaau~ December o? D,~9 72.
~ 8einy indebted. fa v~lve received. tM ~ndersiyned 'pintly snd uver~ll
y prom~ss ~o pay to CONUVIUNIiY FEOERAL SAVINGS AND
~ LOAN ASSOCIAiION OF RIVIERA BEACH at its office ~n the City of Riv~era Besch, Flortda, a order, the swe of THIRTY-NINE
THOUSAND TWO HUNDRED AND NO/100--------------- - opu~?rts tt 39 , 200 . Op )
I roye~he. w~th inftrKl fI~lr~pn hereinaf~er i~arcd io moethly instdlen~~us of 'j'WO Hundred Eighty-Seven and
15/100------ oauas cs 287 .15 n+e ;~e.u~„~~~ ~„u ~ a~..~+a P.,,,b~ a+ tenth
day of June , 19 3~ and subsequent installmems sk~ll be due and pay~bl~ tenth
d~y of each ar+d every cakndu mo+~th thereshcr until tlk printipal ~nd intertst ar~ fully paid.
~ l~rger :wns may be paid at sny time, but the payment of any such Isrge~ sums in additioe? to the payments here~n required sha8
rar relieve the mak~rs of the payment of the monthly instsllrncots herein p.ovided tor, unless it is specific~lly st7pul~ted by the mak~rs ~t the
~ e~me of payrrKnt that such lar9er sums are to be appl~cd to the advance payment of the monthly instsllments next m~turinp in the ade~ of
the'w due dates. All p~yments made vpon this note shall be ~pplied first ro the payment of ~ccrued intcrest and secondly upa~ tlr princip~L
This oblig~tion shall besr interest from d~te at the r~h of seven bc fOtlr-tenths ~ 7.40 x'~
per annum until the principal and interest ~n fully paid.
Interest fw each c~knda~ month shall be xvued on the f'ust day of sa~d mo~th and be computed on the unpa~d b~lence of princ~p+l
and in+crest existing on thc last d~y of ~h~ preceding month. This note shall be cons~dered in default when any payment reqvired to be
made hereunder shall not hsve bcen made within thirty days folbwiny its dut d~te a~d sh~ll remain in def~uh until s~id paymtnt slwll
have bcen made. Whik in default, rh~s note sl~~ll bear intsrtst ~t the r~te of 1096 pcr ~nnum in lieu of the rate hereinbefwe specifi~d_
j AII maken ~nd endo.sen now or hereaffer becomin~ pa~fie: hereto joimly and uveratly waive denand, notice of no~payment ~nd
i prolest, and ~ree that in the event of default in rhe payment of sny installment due hereunder the whok of said indebtedneu sMll there-
j upon ar the option of the holder, become immediately due and p~ysble, snd if this note bcmmes in def~ult ~nd K PIKlfI in tht hsnds
i of an anorney fw colkaion, to pay reasonable atrorney's fees and all other cosa for making such colkction_
This rwfe msy be prepaid in whok w in part at anr time without penahy.
' S/_ Mar~aret H . Sibbon~.___._.._!__~~
' MARGARET H. GIBBONS
~
S/ Robert D . Gibbons __~q
j ?Fb$E~tT D . GIBBONS
~ ~u~ '
F (This note a:ecvred by • mort9age of evrn date e:ecvted br the m~keR ~n favor of Community Federal $avir+gi snd lwn Assn. of Riviera de~ch)
~
~
r and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
~
r covenants of said promissory note and of this deed, then the estate hereby created shall cease an~ be null and void.
~
~ AND the Mor~gagor does hereby covenant and agree:
~
~ 1. Io wr aM and sw~y~lar th~ winc~pal w~d int«nf rd otMr sums of money p~rable by rirtue of ssid pom~ssory note and this mortq~ye, w eiNxr, promptly
~ on tM days resp~ttively, the samt s~versllr tpM di~.
~
1 to pay all and s~nqulx rl+e faaes. ~ssefsmems. 1ev.es, haA~6r~e~, obl.g~aons aed .ncumbances of ~ve.y narwt on sa~o oescnbed poperry exh and every
~ w1,en due and wYable accwd~ng io law, be/ae tAey become del.nquem, and ~f ~he ume shall not be pro.npHy p~~d fAe Mortg~qee may at any r~me e~ther befpt
M+~~e. de~~na~encr Day ~he same w~rha,r w~~v~nq w a~(ar~nq the op~~on ro foredme, a~ny ngM Aereunde., and evey paymrni so made sball bear mreres~ from
e~e dare rhereof ar ~he ra+t wo.ided ~n sa~d pomissar ~+o~e .
F
3. io kep the bv~ld~~gs snd aIl p~~pmen~ ~nd personal poperty now w herea(~er on sa~d pemius, covered by this nwrtgaq~, i~swed in a sum ~t leaat
eqwl to tAe unpaid baiance of tAi~ mortpye, includ:ny fir~, eatended COVNIS! Md vandal~sm ~nd m~lic~ovs ~rnu.ance as to popenies oN~er than dwellitqs, u~d
_ i~re, ea~ended covera9~ ~nd specisl (wm aher perils imwant~ on dwellinqs e~iqble (a s~rch boadened cover_~e - prov~ded, Apwever. Nyt such 7ns~rru~t~ b~ in
~mou~? suffici~nt to comply wrtl~ any coi~swanc~ rspvirements covcrinq sam~ undr Ma I~ws o/ the ~raN of Flonda, ~nd prov;ded fwMer thst the policy or pelicies
sMtl be wr~nM in a comp+my w cwnpani~s and tMo~ph an pencr ut~s/xtory to tlro Mwtysqee ~nd that said policy a pol~c~es shrll b~ hetd by t!N Mwt9syae
and sAafl b~~r • sNndard Nsw Yak MortpaqM L4~s~ wittw~t contribvtion, makinq tAe loss ~w~der said pol~cies paYsbl~ ~o the Mwtyaye~ ~s ih intaest map Mper: ~
and in tM event any swn ol money becanes pay~Db „nd~r ~nY such policy « potia:es, the INortgages shall I.ive rhe oprion to receivr ~nd ~pply tM ssm~ on ~
',+i xcwx~t oi M~e :ndebtedncss hereby secured, w to p~rmit rM Mortyayw ~o recr.ve r~d use n, w sny put H+rreol, iw other p~wposes, witha» Mwrsby waivirq ~
u:mp~nin9 arry iquih, lier~, w riqhl ~nder u~d by vwlw of lhis mwtyaye: and in the evcnt ths Mwtgsqor does not comply w~tl~ th~s covan~nt, th~ Mortg~ge~ ~•\L
_ mar P~Ke ~nd pay fa wd~ ins~wance, a~ny parl Mereof, willqut waivinp w af(ectinq tM oWioo ro f«~cbs~, a any rigMt 1~ereunder and the f~ll serqixN of e~ch ~
_ +nd every such paY~+~ sMtl be im~n~dia~ely c~w snA p~yable and slytl bear interest iran tAe date rhereof until p~id s~ tfie ~ate povided in sa~d raN and togeM~er ~
- wit? suth i~lerest fh~ll b~ secwep by Mt h!n oF N~i~ ieprfq~ye. ~
TAof ~w1op~~. ~ry, e~ awp ti~ dvrino tM iwwf~op~ yrw, and in ib discretioe, opplp fo~ rM~wd of ~o?fyo~ qearoMp iwsurenc~ cowrin0 11»~J
worqoq~ u~aA~d bp tl» undeniqn~d on ~•en dote I~trwith, pop tbe prsmiuwn dw bp rwwn flwr~of, ond rpuir~ r~pepnww/ b~r tl» vsd~niqw~d u1~
~ ~ych onavnN w ore od.o~ced br wid ww.tpop~e. In tAe went oi 1o:Ivre bp tM vnd~r~iyn~d eo r~por w~d o~ounf~ b wid wortOoq~~, such /oilvr~ ~Aotl ~
b~ cowsid~r~d o dt(ovh, ond dl provisiow~ o( Nw wo~~ ond iwo~tpope w~tb repord to d~favlt sholl b~ opplicoW~. ~
`33 ~C:_~
p
,r? S. To p~rmit, conwmt a ivff„ no wa~q. :mp~irm~nt a d~MiwN~on of uid D~oW~1Y, a~nY v+~t thcrwl, ~nd ~pon rM i~i.w~ of tM mat9pw b ksep 1h~
~ b~ild~~+q~ on HiA propKty in yood ca+dition o( rp~ir, tA~ Matpspe~ rnay d~m~nd tM inrnediat~ rep~~r oF sa;A bu~ld~nqs, or ~n ~nue~s~ i~ tM a~wunt o} senxity, a
tM ~mnwd~~a rp~ynwnt o( fM deM Mereb~r secwed ~nd th~ i~ilw~ o/ tM Mortp~por to carwly w'nA sa~d d~enand d fh~ Mortq~y~e for • pw;od o/ fhirtp (30) .
d~ys, shall can+iwt~ • b.e~ch of thi~ ~nor~p~q~. ~nd. rM op~~on p} IM Mo~Tq~p~e, immedr~lelY .Mrwe ~M enth~ «noun~ of p;ncip~l ~nd in~~nst her~bp
- ~ecwed. ~.,d imme~~~Nh Md witAarl .w~ice, tM Mo.ryaye~ mhr insfihM pro~~ed~n~s ~o fu~cbs~ rA~s ~.w.~q,o. .,~d ,~y fw t?,~ •ppo~nrme.,e o1 • Ren~.~r.
hs•r~r~ire. pro.~ded
T~
,.r . _ : ~
~ . _
:
~ ~ ~ ~ ~ ~.s "~la'~~°.sv`#,~'"-~"`
,a ^ r:. . .v~".~,~
_ '~.~"''~v,~_`" ~ -k--~ ? ~ .
~a .r=z-~,~ '
. ....tc~.._._. . ~`~~~~:a4~`.'~' . _ . _