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HomeMy WebLinkAbout2722 TO HAVE AND TO NOID the same, together with the tenements, hereditaments and appurtenances, unt~o the Mortga9re, in fee simple. AND the Mortgagcx does hereby covenant with the Mo~tgagee that he is indefeasibly seized of said land in fee simple, that hc has fuil power and lawful ~ight to aonvey said land in fee simple as aforesaid; that if sha!1 bc lawful for ths Mortgagee at all times peaoeably and quietly to enter upon, hold, occupy and e~joy said land; that said land is ~~ee from all incumbrances; that he will make such fuhhe~ auurances to protect the fee simple titie to said land in ihe Mortgagee as may reasonably be required; that he does hereby fully warrant the title to said land and will defend fhe same against the lawful claims of all persons whomsoeve~. PROVIDED, ALWAYS, that if ihe Mortgagor shall psy unto the Mortgagae the cehain promissory nob of v~hich the folbwing in words and figures is a true copy, to-wit: COMMUNITY FEDERAL SAi/INGS AND LOAP! ASSOCIATION OF RtV1ERA SEACH ~,~Dr#~tt~P ~D#E RIVIERA BE/1CM, RORIDA March ~ i 19 3~ br6g indelued. fw v~lue receivad. th~ underspeed jointly and severdly promis~ b pay ro COARMUNIiI~ FEpERAI SAVINGS ANO IOAN ASSOCIAitON BF RIVIERA dEACH ~t iti offiu in the Gty of R'wie.a 8~xh, Florida, a wder, tM sww of EIGAT THOUSAND FiVE HUNDRED AND NO/100------------------------------~,u~ a 8,500.00 ~ ~~M. W;th ~h..~ ~ n~«M.f~.. :~n~a ~ ~+rnh ~„~a,,.m. ~ One Hundred Seventy and 33/100 -------------oauas cs 170. 33 n+~ f~..t ~.r.~u~t ~,.u ~ a~» .~d P.y.Nw p+ ~ tenth d.r d Mare~; ~9 73 .~a :ubuquenr ins~dune~n shan be d~,. a~,a M,,,a. on ~h. tenth day of cach ~nd ev~y calendar month thc~e~ha until th~ prindp~l ~nd interest an fuUy p~id. larper sums may be paid at any time, but tfK payment of any sucfi luger sums in addition to th~ payments herein requued sh+tt not reli~ve the mak~rs of the payment of the monthly in?t~llrnents here~n wovided tor, unku it is specific~lly stipulatrd by the mdcen ~t tl+e Nme of payment that such lu9er sums ue to be sppl~ed ro the sdvance psymcM of the monthly imt~llments ne:t m~t~~irg in th~ wder of ~hei. du~ dates. All payments rr.ade upon tl~is note shdl be appl7ed fint ro the paymer?t of ~cvued interest snd secondly upa~ the pincip~l. Th~s oblgstion sh~ll be~r interest from d~te st the r~te of seven & f 1V@-tenths 7.~J x~ g.r ~~nwn ~til the pri~cipai and inu~est are fuliy paid. - Interest for each ukndar month shsll be xvued on the f'ust d~y of sa~d month ~nd be computed on the v-nptid oal~nu of princ:p+l ~ snd ~nrerest ex~st~rg on the tut day of th~ preceoing month. This ~ote shall b~ conside~ed in default when amr p~yrrent rsquirsd ~o b~ .nade hereunder shall nof h~ve been m+Je within tlwty days folbwing its due d~te and sh~U rem~in in defauh until said p+ymsm sh~N have been mwie. Wlwle in defavh, thts eote shall beu inferest at the rate of 10'Jfi per annum in liev of the r~N Irriu+b~fort sp~cifi~d. ~ - All mskers and rndwsen now or herufter bewmin~ puties he.ero joi~+ty and sevenlly waive d~rund, noYKe of na+~payment ~nd protest and sy.ee that in the event of defwlt in ~he p~yment of any insulimcnt du~ haeunder the whole of ssid indebtedness shall the?s- I upw~ st the option of the holder.- become ~mmedistey dve and pay~ble, and if this rote beoomes in default ~+d is pisced in tir Iwe~s i of an ~tto~ne~ fw collecYan; b psy reuc+nabk ~nornep's sees and dl other costs fw makiny suct+ coCection. This note m~y be prepaid in whOh w in part at arryr time wi~hout payhy. _S,[___J~hn ._R~ Rea _~wu JOHN R. REA -----~~csFwt2 .~._Rathleen Rea RATHLEEN REA (i1~s note a secued by • mort9a~e of even date exezufed Dr the m~ke.s ~n frvor of Cannwnity Fede?al S~ving's and loan Assn. of Rivier~ beKh) and shall promptly perform, rnrr.ply with, and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of ihis deed, then the estate hereby created shall cease and be null and void. AND the Mor~gagor does hereby covenant anci agree: 1. To pap all and sinpular Hr pinaWl and int~est snd otfw sw~s d monq pa~able bp virae of said pan~ssory nat a~d th:s mwty~, a~itha, promptlr on dw d+ri •up~ct~rehi, dr a~ne s~r~rallr com~ du~. ~ l to G+1I all and s~nquly ~he raaes, nsessmen~s. .ev.es. Iub~Lt.es. oblrq~hwn and ~ncwnbances of rverp nat~re o.. saw oescnbed poperh e~cA w~d every +.P.e.. dve a~d paysDte xcord..g ro law, befae rhey beco.ne del.nquenr. y~d ~f rhe sa~ne shal~ not be wo.eP+~y oa~d rhe Mwtg~gee may ar any e+me e~ther before alee. deLnq~encv paY ~he ume w.~Aw~ w~~.~ng o. s(ftcnnq ~he opr~on ~o (wectou. o• anv nqAr Aere~•~der, and evey paYmee+t so made s~l~ bear ~nterest f•pn ~ +he da+e thereof af rhe ra~r po..ded ~n sa~d ponwsswv nWe To kep fh~ b~ildinqs and a11 eq~ipment and penon~l poperty now a here~ite~ on said prem:ses, cov-re~ by th:s matqigt, im~red in a sww at Isast ~ cqwl W N~e u~Wid bs~r+c~ of tlws inorty~q~. :~cWd~g fiie. eaM~ded cweraqe and rand~l:s~n and mal:c~ws imwance ss fo W~~~es WMr tF~w+ drw:~3ny~. ~nd ~ f~re, eafendrd corenge and specwl fw~n al~ pe~~h irow~nc~ on dwell:nqs et:qble for s~rch b~oidened cover_~e - prov~ded. Iwwever. rMt wch imwanc~ b~ in •.nw,nr w((icieM a camv~Y wieh anr co-i~surric~ rp~w~emena coverinq same ~w~da+ M+~ la..~ of the ~ut~ of Florida, snd wwided fiwN~er tMf the policp a Od:cip sha~l be writhn in • comprny o~ canpanies wd thrayh an ~q~ncr ut~sfactory to rM Mwtq~yee and rhn said pol;cy w~ol;cies sMll b~ held br Nr Monqsqee •nd sMll bear a standxd NMw Yuk MonqayM Gw~s~ vvi~ cnntrib~tion. ~nskir.p Me bas iw~der sa:d policies pay~ble b Me Mortq~qe~ as ih im~~st mqr ~ppex: and in ~M even~ a~ryr sum o/ nwnry beco'nes PwabM under any such pol:cy or po~:c:es, the M«tg~qe~ sha0 Mre dr ea~ion b ~ece:v~ and applr ~ san» or xcowa of fM ind~bNb~ess hereb~r secw~d, a w pNrnit M~t 1Monq~qw w receive and ~se it, a ~rry pxt N_weof, for oNx~ purposes, vr~tlww Nwreby ~i~.iq - w Mw+N~9 «w ~W~h, lien. a riqht ~ler and !ry virtu~ of tl~is inor~q+qe: snd :n dw erent the Mw~g~qw Ooes nor canply w.~~l+ +A:s coveMn~, th~ MbA9+9~ ~`~y ~^+f~ d+~~ ~nd Wv for wd~ inwance, w~w P+N dwreol, witlwu~ w~:vinp or aff~ctirq tM eW:on w f«~clos~, a arry r:qht I~ere~mder ~nd the fvll aina+n~ of esch 3'y snd eve.r w~h wr~wm sh.ll b~ iern.dia~cF~r d~. ~nd p.pabb ~nd sAdl bea. inrues~ f~an ~I,e dm N~e.eof u.u:t w:d » ~?~e -.~e wov:ded in ssd no» ~nd w9s~l~er ~w u w:~A wd~ 7roerest shdl b~ senrr~o br ~he 1w~ d dvs iwwt9ey~. - a~~i 4. Tlwf ~ertOp~~. wef, e~ oq M~ dwiw0 fA~ ~f~o~ Nrw, o~d in ils d'acre?iow, eOV~I (w r~w~wd oi ~oq~ ywrowl~r iwswa~ce cow?MO 1M ~ ~ertQoo~ ~i~cvl~d br 11» w~d~nqw~d ow ~~~w dole 1~er~wriN~. Pur tAe Pr~~iwn dw bp r~o~ow /Mreof, owd ~pvir~ repapMwl i4 fM rwd~rsiMd ei ~ avch o~ouwl~ m s?e od~onced bp sa:d wo?popee. In ti» e~enf d(ailure bp rl» vwd~rsiyw~d b r~~ soid owioanls b w~d ~u~~, wcl~ /w'Irn ~AsN co~sid~r~d o de(ooh, owd ofl Pro~isiows o/ tAt rwt~ owd ww1~e w:th ~epo?d b d~fouM ~Aall b~ oppl~cobl~. ~ ~ S_ io p~nn:r, canwn:t a wN~r ro wuu, imw'ainaM a deh~ioration o! said o~~}r, w+nr v+h ~liereol, snd opw~ rM fs~M~ d tM mortqaqw b beo ~M = b~il6~ryt on wid propwtp in pood cond~t:on of «p~ir, fh~ Morq~ye~ ~w~y dan~nd tM in~rned~~r~ rep~~r o/ u~d bwld..gs. w~n incr~~ae :n tM aino~+~u of seawiry, w ~c tM imw~N ~~WVUMiM of /M dabf herebr suvr~d and Ih~ ~~ilrt~ o( dr Morfq~qw b coTc1Y wiM uid d~nynd oi IM Mwlp~y~e (a? • pNied of NwM p0) C d~ra, sMl1 ca~st~nrrs a brard~ d ~his w~weWP, snA. ~e M~ opr:on oI ~!r Nlwty~qN, inrr.~diNeh rn~tw~ Hr ~euw~ Mnam1 d o~:nc~w~ ~nd i~»rNr her~bp ~ ea ~ ~p :ecwcd, end ~n.~e~~~+~h s~d wihp~l nqie~. dw Mpt~qN rwhr imtiluN poc~edwq~ ro/or~clos~ M~s nwny~p~ w~d appl~ for fM ~pv«~+Tenf o1 • RK~ivH. ~ Fe•t _~a~c. c•o.;-!,a ~ . .