HomeMy WebLinkAbout2953 TO HAYE AND TO HOlO the :ame, together with the tenements, hereditame~ts and appurte~ances, unte the
AAortga~ee, in fee simple. _
AND the Mortgagor does hereby oovenant with the Mo?tga~,.~e that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful right to aonvey said land in fee simple as aforesaid; that it shall be lawful for the
Matgagee at all times peaeeably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from all intumbronces; that he will make auth further auurantes to protect the fee simple titie to said land in the
Mortgagee as.msy re~sonably be roquired; that he does he~eby fully war~ant the title to said land and will def~nd the
same agai~st the lawful claims of all persons whomsoever. -
PROVIDED, ALWAYS, that if the Mo~tgagor shall psy unto the Mortgagce the certain promissory note of which the
following in words and figures i: a true copy, to-wit: SE8 EXHIBIT "B" ATTACHED IiERETO AND -
MADE A PART HEREOF.
COMMUNITIf FED:RAt SAVINGS AND LOAN ASSOCIATION OF RIYIERA dEACM
_ ~
~IIr#~x$e ~D#e ~ .
,
RIVtERA dEACH, fIORIDA ~ 19
d~inp ;nd~b?.d. vlue reu~wd, th~ ~w~dcnpned joinNy snd s.yerally promis~ a pay ro COMMUN fEOfRAI SAVItiGS AND
LOAN ASSOCU?TION OF RI dEACH st its offia in thr Gty of Riviera B~ach, flaid~, a wt4r, the swn of
~ ~
w9erh~r wi~ inte.est tMreon ~s here staed in monthly inst~llmemt of
pp~ The fint ant~lbnent sh~ll bt payable on the
d~r of 1 ~+d svbsiquent inst~lknents be due and p+yabl~ on the
~ day oi each and evety okndar month thereaher unti prindpal and interat us paid.
i LMge~ s~wns nwr be p~~d ~t ~ny time. but tl+e nt of ~ny such 1 ~~wrK in addition a the paymenn here~n required shall
not reliefe the maken of the paymcm of the mo~+~h1y i~nts4. herein pr ' fer, unleu it it ~plCi~it~lly stipulated by the maken st tM
~~.ne of pay~nen~ that s~ lu9er sums ue to be appl~ed to the anu nt of thE monthly instsllrtKnts next m+turing in tl+~ order d
tfiew due dates. All pyments m~de upon this note sh+ll be i to the payment of ~caved interest snd secondly upw~ the princip~l-
Tlrs oblcpation shall beu inte~est from date at tht rate P~
_ pe. an.~wn vntil the pincip~l ~nd interat ere fuly paid.
Interest for each ukndar month shall be scvued the first d~y of month e~+d be computed on the unpaid b~bnce of pinc:p+l
u+d inrcrest ex~st~ng on d+e last day of the ~ecrd~ng tl~ Th~s nofe sh~tl be idered b+ default w:sn ~nY p~ymern requwed a be
made herew~der shdl not Mve beee rn~d~ within d~ys followirg in dw dat~ shslt r~m~in in dei~uM ~ntil ssid p+ymem sh+M
1KVe been msda .M/hile in defauN, th:s note sha u intsrest - at the r~te of 10% air+um in liev of the rat~ Mr~inbtfwe specifi~d.
All m~ken and a+donen now or +fter becomir+p parties I~erero jointly ~nd s~ e ly waive denand. notice of nonp+Ymem ~nd
prorn4 and apree thaf in r!r evem of h in the payment of ar?y i~tal4nQnr due hereunder wlak of said indebtedneu sMil there-
upon at the opt~on of the holder, inrncdiately due M+d payabk, and h ttws note in default snd is pl+ced in the hmds
li of ~n ~norney fw colkction, to pay ason~ble attwney's fees and ~II other costs for makiny such col
i
i 7lds note msy be ' in whole or in pKt at u~r tune withovt pen~hy.
~ __~_(SEAU
_,.__~lSEwU
- - --~SE/?U
' note b secvred by • mwtyaye of even d~te acecured Dp the m~lcers ~n £awr of Community federa) SsvinQi and Losn Assn_ of Riviaa de
aad shall promptly perform, comply with, and at~ie by each and every the stipulafions, 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 ihe Mor.gagor does he~eby covenant and agree:
To Wl~ aM and sinqul+r ~M w~~tip+~ ~nd inNrest ~rd otha swro d wanw Mrable bp virwe o! said waniswry rale and this mortype, a titl~er. P~~~P„Y
on 11w d~ps r~sP«?~K~Y, tlr s~ne a~v~r~llp cwr du~. "
~
~ l. io Wy all and s~nquly n~e ~saes. »sessmems. kv~es, hab.6r~es. obl.q~nwn and .nc..nbu+cn ol ~.ery ~arwe on sa~o oeunbed poperty exh and every
«h~n due ~nd wri~4 xccrd,~q ~o ~aw, belae +her beco~~e del~nq~enr, and ~f rhe same shatl r.a be pror.prly p~~d rhe Muiqaqee nuy at any ~~me e~t~~er btfae
a'a(~e. debnpxncr wr ~~+e sa~ne wnMw~ wa~v~nq o. •f(Knnq ehe op~,on ~o to.eclose. w any nqAr AHev.~de.. and ererr wY~^r yo made yhall bear mmest f.o~n
~ rMe da~e N+e~eo! sr Mu rare ww~ded ~n sa~d pa.rssar ~uc
io kep fhs bwl6nqs and ~tl eQ.ripmeM and personal poperry ~ww w herufter on said prcm~ses, cov_red by ~his a+ortq~q~, in~w~d in a f+ww at les~t
eaval w tAe urw+~d b4nc~ of N~is ~wortg~ge, ieckti:::.~ f:re. eatended cover~qs and vand+~.s/n and mdic:an imwance as b P~~~~es ahe? than dwdlin9s, and
~ fNe, eate~ded coversye and specwl iwm wher pri:s :nsursnc~ an dwellinqs eliyiblt io? iuch bosdene0 cover_ie - prov~ded. Iww~rer, rMt svcfi ie~sur~nc~ b~ in
•mow~e w(f~ci~nt w canph with anY coinswanc~ ~Ww~~nenb coverirg sarne w~der eM laws of Me _~ar~ of fl«id~. ~nd provided f~rNw tM~ the pol:cy or pd~tiei
aMll b~ writhn :n a cornprny w companin +rd Nra/Sj+ +9encp satisixtory to th~ Morry+pee +nd thN aa:d poticy or polic:n shrR b~ he~d ~p fh~ Mlon9i9~
~ ~~d sh~tl bw • u~ndsrd New York Mortqage~ C4us~ v~id~wrr conn:bv~an. ~w~kinp d~e losa w+der ssid Pd:cies p+1~abM b fhe Mwtq~qe~ u:ri inMrest maY ~ppe+r, 4.~
•nd :n d» tv~nt ary wrn oI money becomes WY~M w+d~r ~rry sucA Cd:cY or po'ieies, the Mortq~qe~ sh~ll Arw tM eWion ro recsiv+ w~d ~PPh dr s+in~ on ~
~ sccoum o1 ~he indtWsdness hereb~r seawed. a ro pa~nit k+e MwN,~sqw b receive and ua~ a a~ryr pKt ~hrreof, fa oN+er PurDOSe+, writl+aA pw~ebq waiviap A~
« imD+NMV +M puiM, lien, a right ~rder and bp virtw o1 q~is mwtpsqe: md in ti~ event the Mat~qor does ~a co~npFy with tilws cova~wnt, Nr A~orlg~ge~
wyy plac~ and pay fa wd~ :mwance, a Mrv p+rt H~ered. wiq~w~ wa:v~rq a aff~crirg tM oWan b fw~close, a~eqr riyl.r herew,der and fhe ivil s.wou~r o( each ~
and ~vwr sud~ p~rnrnt sfi~ll b~ inrn~da~ely dw ~nd pw~ble and shrtl bear inrerest f~pn fMe d~fe tMreai u~til paid at ~he rate pov:ded in said iwa ~nd loge~he+ ca.
vrifA s~cA imaat sAall b~ sea+r~o bY ~ 4~n o( fhis rwonpi9e. J
T"7
4- llwf ~x/0o~~, we1, d o~r tiw~ dwiwo fM wo~f~ap~ wr~, owd in ifs d'ncretios, epply Iw r~~wd of ~aqe~ aowoMp iwswowc~ cew~wp ~M ~A,
wwtooo~ ~:~crt~d b~ tl» ~nd~nipw~d ow ~w~ doM bere~iM. Pal the p~ewiivw~ dw b~r ?~esow tl»reof, owd rp~rir~ repar~l bp tM rwd~ni~~d ei ~.~1
sucA owo~rnb o~ or~ odvonced ~r w:d warpop~~. In Me erent o! fo:lvre bp the ~wden:pa~d b?epop soid o~nM w wid warqopN, urcA fe~vr~ . aM
b~ cews~.~d e d.fe.N, owd od p.ori,:ows ol N~e ww. owd wa.~poye ~~eA re9o.d ro d.fovh ~AaN b~ appl:cabl.. o
_ m
S. To p~raaf, conrea~ w wH~r no wua, imWCnerm or deN•:w~f~m d s~id o•oM~~Y. w+rry v+~~ M~ereo/, a.d ~rpon Nw I~iFw~ of ~M ~worty~qw w k~ M»
~ bu:ld~ en wid pop~rt~r in pood tondtion of rpw. 1M Mwlpaq» ~7r d~wwnd tM iwrned~m rew~r o1 sa~d b~:ld~nqs. o. ~n inaew in eM a~ou~q of wawi~y. w
1M inrMdi~N r~p~ynwM d IM deb hnebp ~ecwed ~rd tht i~ikrr~ d tM MorTq~por b carWN w~M said deteynd d tM Abrtpaq~e fw • pMiod o( thn~/ p0)
~ dw~. ~haU canse~rvn a bracA of eM nanq+v~, and. ~t tM uWion oi tl» Mony~yw. :~6aNH mMwe ~M ~~r~ ~nwwa of a~nciMl ~nd inNrwt MnM
:ecwed, and ~~e~~r~ly ~nd wit~w~ noliu. N+~ Morfp~q~ rr~ insfi?vN proc~tdinqs b(w~cbs~ t1+is mwty~qa ~nd appy fa tM sooo~nrmem of • RKl~vN. ~f
~ f~.e -~~~e. pre-.-dea
~ _ - - - - '
. . _ _ . . : . . - . . . . - . . _ . . . -