HomeMy WebLinkAbout0231 TO HAVE ANO TO HOtD the same, togethe~ with the tenements, he~editaments and appurtenances, ur?ro the
Mortgagee, in fee simple. `
AND the Mo~tgagor does hereby covensnt with the Mohgagee that he is indefeasibly seized of said land i~ fee simple, ;
that he has full power and lawfui right to oonvey said Isnd in fee simple as aforesaid; that it shall be lawfui for the ;
Mortgagee at all times peaceably and quietly to ente~ upo~, hold, occupy and enjoy said land; that said land is free '
from all incumbrances; that he will make such fuhher auurances to protect the fee simple title to said land in the ~
Mortgagee as may ~easonably be required; that he does hereby fully warront the title to said land and will defend fhe ;
same against the lawful claims of all pe~sons whomsoever. !
PROVIDED, AIWAYS, that if the Mortgagor shatl pay unto the Mortgagee the certain promissory nots of which the ~
following i~ words and figures is a true copy, to-wit; ~
~
. COMMUNITY FEDERAL SAVINGS AND IOAN ASSOCIATION OF RIVIERA BEACH ~
:
~IIx#~M~P ~II#8 ~
RIVIERA BEACN, F~ORIpA APrl~ ~ 10 73.
leinp ind~bted. for valus received, tM underspMd jointly snd severaily promis~ to p~y ro COMMUN~TY FEDERAI SAViNGS AND
IOAN ASSOCIATION OF RIYIERII BEACN ~t iti offia in the Gty of Riviera Beuh, Florida, a ader, th~ surn of ~NTY-THREE ~
THOUSAND ONE HUNDRED AND NO/100----------------------~ ~ 23,i00.00 ~
wyerher with imerest thKeon ~s hereinaftt~ stated tn moathly ~~.~u,,.~ ~r One Hundred Eighty~F011= and
69/100-------~s K I84. 69 n,~ f~,~ ~~.u~~~ ~,.u ~ d~. ,~a P.y,w~ tenth ~
day of May 19 73 and s~bsequent initatlm~ms tMil be dw snd payable on N~e tenth
d~y of each and every wknda~ month ther~~he. until the principal and imerKt ~re fuly pud. ~
l~rgcr swns m~y be paid ~t any time, but the paym~nt of any svch targer svms in additioe to tF?~ payments herein required shall ~
rot relieve the makKS of the p+yme~t of the monfhly Fnstallme~ts herein provided fw, vnku it is specifiully atipul~ted by the m~ktn ~t tFK ~
r~me of payment that svch laryer sums src to be ~pplied to the adva~ce psymeM of thc monthly instsllmenb rKxf m~turiny in th~ ordsr of ~
fheN due d~tes. All payments made upon this ~ote sh~ll be spptied flnt to the payment of acvutd ~tersst ar~d secondly vpa~ the princip~l. ~
Th~s obl~yat~on sh~tl bear inraat from date ,t t(+e r~ro of seven & four-tenths p~r oa~t ( 7~ t~
pe. ~nnwn unti! the prinNprt snd interest sr~ fuly p~W. ~
Interest fa each ukndsr month shall be ~ccrued on the fint day of said mooth ~nd be computed on the w~~paid bal~nce of princ~p+l ~
s~d ineerest exisYuig on the Iast day of the precedirg month. This not~ ,slwll b~ considered in default when anY p~yment nquired ro be
madt hereunder shafl not hsve been made within th'ary days followiriy its dve da» and sMU r~msin in defauh until said p~ymem sMfl
h+v~ bcen madc. Whib in defavh, this rate shall b~~r interest ~t the r~sc of 10'X~ per annum in liw of the rat~ her~inbefo?t apecifi~d.
All m~kers and endonen now or i~e?eafter becomir~ parties herero jointly and sever~lly w~ive den~nd, noY~ce of noo-paymem snd ~
praesL and sqrc~ that io the event of default i~ the p~ymer~t of ~ny installme~t du~ herevnd~r the wAole of said indebtedneu shall tF~ere- ~
upon at the o~tion of the holder, become immed'utely dw and payabk, and h this not~ becomss in default and is pl~ced in the. hands ~
of an atwrney for colkction, a p~y rouonabk ~ttorne~/s fees and all other coats fw m~kieg such collec~ion.
ii~is note may be prcpaid in whok or in parT at sny time wilhwrt pen~hp: ~
~
' I
. _Sl _J. William Adair II '
_~__._._(SE/?U
J. WILLIAM ADAIR II =
.~__---~~cs~?t~ '
~ Donna G. Adair ~
DOPITA~:
,
~
(This note is secvred 6y • mort~~ of even date executed by the makers in fawr of Cortununity Fedeisl Saviny's and loan Assn. of Rivieti dead+) '
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and shall promptly perform, comply with, and abide by each and every the stipulations; agreements, conditions, and
covenants of said promissary note and of this deed, then the estate hereby created shall cease and be null and void.
~
i AND the Mor~gagor does hereby covenant and agree:
i -
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t. io wr dl and sinyui~ th~ winc~0~ ~d inhrat and other swm d mon~Y wl~able by ,ri?tve of said pom;ssory not: ~nd this mony~y~, or eitha. Pra~pdY
on N+. d.ys .esp.cr~MeM, th. .am. s.v.rsllp cawe. du.. . . j
~
' io O+Y all and s~ngi,lar ~he iaaes. »sessmenis. Irr~es. LaMln~a, obl~gahom and ~ncvmbrances ol r„hy nar~re on sa~a oescnbed WaPe~rY eacA and every ~
whe~ due and paYable xcwd~ng to law, beto~e eheY betorne de~~~q~eN; ~nd ~f the same shall r.o~ be promp~lY pa~d the Mwtga9ee nyY at u~y time e~ther beiue }
a af~ deLnwencr wr rhe same w~rAw~ wa~v~rg a af/ec~~nq tAe opt~on ro Iwedose, w u+y r.qhr Aereunde~, and eve~v payment so msde sM~l bear ~nrernt from
e~+e da~e Mereof ar rhe rare pov~ded m sa~d pomisswy no~e.
To kNp M~e buildi.gs and ~tl puipment and ptnonal pope~H now a Ae~eaf~er on ssid premises, cowred by th:a mortg~ge, imw~d in ~ swn at k~it
eqwl lo the ~npsid bal~~ of Mis mwty~pe, i~cludny firt, e:tended coverag~ and vsnd~lism ~nd malic:ovs inswance u ro propert7es oM~ th~n dvwllinqs. ~nd i
fire. eatended covuay~ and speci~l iwm other yerih im~xa~c~ on dwettinys ~figibl~ for such broadened covcr_~ - povidcd. howeve~. that such insuranc~ b~ in
~no.~nt avtiiciMt ro e~y w~M aehr co-inswanc~ ~pwrarnenh cwerirq ~sen~ und~r N,s laws oF fhe of FI«~d~. ~+d wovided iweMr Nut the policy a policia~
~ i sAall b~ wrin~n in a cwnpaery w cpnpaniea Md qvouyh ~n ~y ~t~s(sctory to Me Mwry~qe~ and th~t ssid poticq a potiues shall b~ hetd bp fhe Alorty~yar -
~ sed ~!1 btar a st~ndrd ANw Yak Morep~gN Clwrs~ wiNwu~ conhib~tion, m~kirg tM bss under a:d policies payable b th~ Mw~ype~ as ih intenst may ~ppea~:
~nd in tM ~vent aehr wm o/ ewnep beconrs p~yaW~ u~+dK +np wcfi pdicq a poticies, the M«tqaqe~ sMll Aaw tM ePrion ~o raceiw and appl~r IM san» on
~~J xca+nl 01 Nr ind~bMdness herebp secwd, a b pKmit Nw Mortqrqor a reteiw x~d ~-w ir, or p~rt fl~ereof, fa other purposes, withovl MMr~b7~ wiwwg
w impa~~in9 +~M ~~~Y. ~ie~, a right uecler and try v'afw of tl+ia mw~~9r, and in tM event the Mw~9~9or does nw cw~ply with this covwwnt, N» Morty~qe~
~r P~~ w~d WY fa wch insurane~, w+nY P+n tMreof, wiMwu~ w~iviny or ~ff~ctirg tM uMia.. ro f«~close, a sny ri9ht he.eundrr ~nd tht l~II ~nauM o/ each
+M twrlr aud~ qym~nt sf?ip be i~r~d'iatslp dw and p~abl~ and ~lyfl ber interes~ trom the date tMreof until paid at ~M rate prarided in aaid iwe~ anA to9Nlre
.v~~A wd~ imerest ~h~ll b secu.~a br IMn d this nwrt~sy~. ' - ~
I ~
~ 4. TI?M ~a~~, ~07', d awr 1iM dvriw0 tb ~orfoo~ N~~, ewd iw ils d'nentiow, opphr fw r~w~wd of ~a14~ Y~~h iww~awe~ eewri~p !1» ~
' ~wtQoO~ ~:~cW~d br M~ vwd~nipw~d on ~ryw doN Mr~wriN~, pop tIK pr~wiuwa dw bp ?~o~ow N»r~oF, owd rp~in r~perw~wf bp tl» w~d~rsi0w~d
~ tocA o~arwes m on od.owced bp soid wo.t9oq~~. te M~e ewnt oi foil~n bp tM vndenpw~d b ~~por ioid owarwb w~oid ~orloow~, sncA (eilw~ sAoM ~
w d
i b~ tow~id~r~d o defooh, owd oll prorision~ of t1» ~op owd ~o~tyoy~ with reyord b d~loult sAoll b~ opplicobl~.
' S. To p~rmi?, eon~nwt a wHw no wuN, i~inn~m a A.f«~o.•~;on o( ~a;d woo.re~r. w~ny pxt eMr~o% ud ~~oon q,~ }~;lur~ o! tM ~tp~yy b k~p ~y
! build~eg~ on ~aid wopMty in 9oed eondtia+ d rpa'a, IM ~w
11w i~di~t~ rp~ynwM oi tA~ d~bt 1w~~bY ~~cw~d ~nd ~ Nr Ma1tM iwrn~diaM rp~ir of s~id bu:ld~~, o? ~n inueas~ in IM ~mount o/ iKUri~Y. o~
q~pw b cow~plr will~ siid d~nrnQ d tM MortpsqN fa • priod ef fAirM (30)
A?yr. ~MII c«ar~fvr~ • br~ d this rworfp~p~. «+d. ~t th~ op~ia~ of tM Mony~pM, irnnwdiaah nwtwt dr ~nw~ ~n+ouir of p~incro~~ ~nd inMnst Mr~b~r i
n
s~cw~d. ~nA im...ej~~Nly s~d wiiqul nofit~, f!r Morly~qN ~yy i~yfihM potMdiny~ b fw~clw~ Mis ~nwlp~q~ ~nd pply ~pr fM ~~pointmen~ of • Rec~~ver. ~t
h~re~r.~frtr pro~.~ded
~i~~ ~~~a.'~Y. ~+°~`::~z.~. ~ s'.. ~ ,~~.y., .
''~~'3~ss~ ; ~y
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