HomeMy WebLinkAbout0055 a
TO HAVE AND TO HOtD the :ame, together with the tsmem~nts, he~editaments and appurtenances, unto the
Mortgayee, in fee simpla
AND the Mortgayor does he~eby aovenant with the Mo?tgagee that he is indefeasibly :aized of said land in fee simpie,
that he has fuil power and lawful right to oonvey 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 land is froe
from all incumbrances; that he will make such further assu~ances to protect the fee simple title to said land i~ the
Mottgagee as may reawnably bs required; that he does hereby fully warrant the title to said land and will defend the
same against the lawful claims of all persons whomsoever.
PROVIOED, AIWAYS, that if the Mongagor shall pay unto the Mortgagee the ce~tain promissory note of whicti the
following in words and figu~es is s true copy, to-wit:
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATtON OF RIVIERA BEACH
~,~vr#~~~e ~o#P
RIVIERA BEACM, FtORIDA March1~~ 19 7 3.
8eirg indebtsd, fw vatve rcceived, ths w~dengoed jaintly snd 3ever~lly promiss to p+y to COMMUNITY FEDERAI SAVINGS AND
IOAN ASSOCIATION OF RIVIERA BEACN at its offite ie the Gty of R'wier~ Besch, Florida, w order, th~ svrn of SIXTEEN THOUSAN
ETGHT HUNDRED AND NO/100----------------------------~~ ~ 16,800.00 )
wpe+he. wi~h intere~~ ~hs.eon as herein~f~er s~ated tn monthly installn»ms of One Hundred Thirty-Five c'3IIC~
35/100-------~s cs 135 .35 ~ The fint i~tdlment sl+all be dus and paysbk on the tenth
dar of Apri 1, 19 7 3~ snd svbsequent ieu~~llmsMt shsll be dv~ u+d p~yable on the tenth
d~y oi each and every ukndar month theieafta ~ntil the principal and interat art fully p~id.
- tuge~ sums may bt paid ~t any Yune, but the p+yment of any svch luyer tums in addition to th~ payment: herein required sh~ll
not relieve the makers of the payment of the monthly i~st~llments herein provided for, unku it is specific~lly stipulated by the maken ~t the
rims of payment that such laryer sums are to be spplied to the advsnce payment of the moMhly i~shllmenri next matur'ug in the wde~ of
theK dw dates. All psyments made upon thK note sMll be applied first to the payment of ~cuued interest and :econdly upon the pinciP+~-
This obliq~tion shsll bear interest from date a+ the rats of seven & one-half P~ 7~ x~
pe. ~nnum entil the pru+cip~l and interest ut fvlly p~id.
Interest for each ukndar month shall be scaued on the fir:t day of said month ead be computed on tF~e unp+id b~lsnce of princ~p+l
and interest existing on the last day of Ihe preceding month_ This note sh~ll be considend in def~ult when ~nY payment nquired ro be
made hcreunder shall not hsve been rrwde within th'rty days folbwiny in due d~te ~nd shsll remsin in defauh until s~id p~yment siwll
have been msde_ Whik in defauh, this rate sh~ll bear interat ~t ths rNe of 10% per +nnum in lieu of the r~te hereinbefore specifi~d.
~ All msken and endorsen now or heresftcr becominp puties hereto jointly and sever~lly waive derund, notice of non~p~ymem ~nd
protest, and ~yree that in the evcnt of defauh in'"fhe payment of any i~talln+cnt due her~under the whok of said indebtedness shall the~e-
upon at the optiw~ of the holde~, become im~nediately dus w+d payabk, snd if this rote beeomes in defsult and is pl~ced in tF+e Mrds
~ of an sttorney fw colkction, to pay reasonabk attwney
s fees and alI other costs for makir?p such colkction.
; Tha note may be prep~id in whok or p+ pan ar sny rime without p~n.hy.
( S~__Charles E. Mitc~~ ~,_cs~?u
~ . CHARLES E . MITCHELL _
{
_~__sue v. Mitchell ~_._~.~____~~~q
S[JE~U . MITCHELL
r_____._____.`..____...__----------cs~)
(ihis nou is sec~?ed by • mo~tpape of even date execvted by the m~kers in fawr of Community Federsl S~ving's and Loan Assn. of R'wiera Beach)
and shall 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 nul! and void.
AND the Mor~gagor does hereby covenant and agree:
1. To wr ae and s'wqulu tfie prindp~l ~nd inurest snd other sums of moner wr+~ M ~~?+~+e of s+id promissory note and this mwtg~ye, a eitMr, pomptlr
on tM drya rKp~ctivcM, the same s~wr~llp coar due. -
2. to paY all ~e~d s~nqulu ~1~t U:es. »sessmen~s, lev~es. I~ab~t~r~es, obl~q~t~ons and ~ncumbancef of rvery nat~re on saia aexnbed properry exh and every
,when due and par+~le xcwd~nq ~o t~w. be(ae ~hev become del~nq~en~, and ~f the same shall no~ be w~D~Iy pa~d ~F~e Mwrga9ee mav st ~ny f~me either before
o~ at~ deLnp~xncY par the same w~~ho.» wa~vmq o. affecr~ng rhe opt~on ~o foreclose. w cny nghr Aerevnde., snd everY psYmcm w made shall bear interesf from
~ ehe da~e rhe.eot ~r ~he rate ao.~ded ~n u~d promisso~y nae.
~ 9. io 4ep the bvitd~ngs and all p~ripmen~ ~nd personal popertp now a here~fter on ssid pemiaes, cow_+cd bY fh:s mortyag~, i~nwed in • w+n ~t lust
eqwl ro the unpaid b+4nce of tA:s mortq~pe, inchrdiny fir~, ei~ended coverage ~nd vsndalis~n ~nd m~liuo~s ~nswance as to poperties oM~ ~han dwellinp~. ~rd ~
~ f:re, ea~ended cover+ge +nd specisl fdm othe~ perik irowanu on dwellings eligble fw such Mosdened cover_~e - prov~ded, howevn. tMt such ira~xanc~ b~ in
~ ~moirnf s~(iicianr ro compFy with sny coinswanc~ rpvireer~b corerirq same v~der Iht laws of the :tm of F{wids, snd provided f~rN~er thst the policy a poticies
shall be rrr~tNn in a compsny a companies ~nd thraqA ~n +9enctr s+tisf~ctory to Nw Mwtyaqe~ ~nd tMt said policy a policies shall b~ held bp tM M~orty~yee .
ard shdl bear • sqodud New York Morty~yN C4w~ withwt contribwron, mskinq the lou w~der fsid pOIKiM piY~~ 10 tI1! MO?~yiyl~ p its imunt m~y ~ppear:
and in tM wem ~ny a~wn of money becoen~s p+Y+~ ~rrd~r any s~h policY w Do'icies, tAe Morty+9et shall Mve tFw evtion ro rsceiw arw! +PdY ~M sam~ on ~
xcow~r of IM inda6Mdness Aereby s~c~w~d, w ro Vamit the Mor~paqw ro receiv~ and uu it, a ~ny P+~t tMxeof. Iw other PurPa+e+, withoul tMt~bY w~rywq
w imp~irirg ~ny eWiry, lien, or righ~ ~rwfer ~nd b1r vwhn of Ihis mwtp~ge: ~nd in the erent ehe Mwt9sgor does not co~ply with ~his coven~m. ~M Morl~ge~
m~y pl~c~ wd P+Y la wd~ :nsurance, a+nv P+A d~ereof, wiMwvr wsivinp w aH~ctirg tM optian ro ta~clou, a~ny riqht herevnder ~nd the f~ll amawa of e~ch
- and Mry such psyment ah~ll b~ imn~diately du~ ~nd Wlr~bM ~nd sMll bes~ in~erest iran the date thereo( until paid a~ ~he rate parided in ssid ewq and toyeN+ei ~
witA suth inlerest fMll b~ staxw by Ihe Iwn oi Mws nwrtg~y~.
~
~i u
I. TMt ~x~~. e~ wyr Iiw d~riw0 tl» waf9op~ t~rw, ond iw its difcr~tion, opplp fa r~uwrd o4 ~wqop~ 9owa~hr iwwrawt~ cewriw0 IIw ~
~wqop~ ~:~crl~d bp IIw Ywd~rsi~w~d un ~~~w dob bert~iM, po~r th~ prew~i~~ws dw br rwww tMr~of, ond rp~ir~ reporMwf bp tIN vwdwsi0w~d e~ ~,,a7
suc6 o~areti m or~ ed~onced b~r wid n~o~tyooe~. In N~e e~~~t of foil~re by the vnd~rsipn~d b r~pop wid owor~N b wid ~orlpo~~, such fo~~r~ sAoM
b~ to~~id~r~d o defovlt, oed all provisions of ~M no» ond ~wutpoye wiM re9ord M d~fool/ aAoN b~ opplicobl~.
5. To pennit, conr+wt a wH~r no waiq, impaK~ w dNer~or~rian of said prop~rty, w ur~r p+~t ~her~oi. Md upon ~M b~lw~ of ~M mwtypor to t~ep th~
b~rildinq~ on raid prop~rty iw vood condtion d rw+ir, tM Mortw9N n~r d~nd fM i~n~A~an rep+ir o/ ~aid bvild:nys, w an :nuesa~ in tM ~inount of Ncv:ryr. w
tM inrrwdia» r~Wpnrnt o/ tly debr her~M s~cw~d snd fM ~wl~x~ of tM Mortwvw ro cwrwh witA uid denrnd d th~ Mlortp~qw fo? ~ w?iod o~ ~hirh? (30)
d+v~, shall c«nr~rut~ • beach oi Nw~ mwtq~p~, and. ~t rM aW'an oI dw Mor~yayw. iinm~d~~~ly mnw~ dw ~ntir~ wrwum d winciv~l ~nd intw~st her~b~r
~ecwed. •rr! iR,~e9~~»ly ~~d withovt nWicA. IM Mor~p~9N mnr imfituN poeMdinpr b/a~clos~ this mwtyp~ ~e~d applp fa tM ~ppantment o1 • Recsive+.
hr~e ^s~•r ~o.:'e~
~ ~ r„e, i r ~Y . _ . _
~ . s~ w
."~~.:=~s .