HomeMy WebLinkAbout0789 TO HAVE AND TO HOID the same, together with the te~ements, herediiame~ts and appurtenances, unro the
Mortgs9ee, in fee aimpls.
AND the Mortgsgcx does hereby oovenant with the Mo~tgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful ~iyht to oonvey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaaeably and quietly to enter upon, hold, occupy and e~joy said land; that said land is free
from all i~cumbronces; that he will make such furthe~ assuronces 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 Iswful claims of all persons whomsoeve~.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the ce~tain promissory note of which the
following in words and figures is a true copy, to-wit:
COMMUNITY FE~ERAI SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
~RIIx#~M~P ~D~E
~ RIVIERA BEACM, fIORIDA April i~y 73•
dtiep indebttd. ior valve receiwd, ths undeniyned jointly snd sever~lly promise to pay to COMMUNIiY fE~ERA VINGS AND
IOAN ASSOCUTION Of RIVIERA BEACH ~t iri offiae in the Gty of R'nie?a Bexh, Florid~, a ader. tM swn of EIGHTE~I~
THOUSAND FOUR HUNDRED AND NO/100-------------------- ~ lg 400.00 )
inlerett tFMreon ~~»«M.rr.. :u~~a u+ ~«+~~r ~t.i~.~m of ~e Hundred Thirty-Eigh~ and
38/100-------~s ts 138 . 38 TM fint i~ut~llment shall be due and pay+bk on the tenth
day of May 19 73 snd s~bsequent inst~llmems sMll be dw ~nd p+yabk tenth
day oi each and every ukndar month thcrsafter until th~ prinapal snd i~NKKt ~f! fYIIY
l~rpcr tums may b~ p+id at any time, but the payment of •ny such Isrger :ums in addition to tl~ p+yme+NS herein required shall
not relitve the maken of th~ payment of the momhly insallments herein provided iw, vnku it is specNically stipul~ted by the m+ktn ~t the _
time of payment that suth lu9er sums are to be applitd to the advance payment of the montbly installme~ri next m~turing in the ordtr of
fhew due dates. All payments made upon this note sh+ll be applied fint to the p~ym~nt of ~ccrued interest and :econdly vpon the p?b+cip~~-
This oblip+tan shall bear intcrest from date st the ~ate ~ seven & seven-tenths 7~ 7 .x~
per snnum until the principal u~d interest at~ f~?Ily p~id.
Interest for each ukndar month shall be scvued on the first day of s~id mooth ~nd be computed on the w+paid balance of princip+l
and iorercst existiny on tfie lut dsy of the preceding month. This note shall b~ considered in default when anY paYment required to be
made hcreurxkr sh+ll not have been m~de within thirty days folbwing its due dat~ ~nd shall rsmsin in def~uh until said p~ymem sh~ll
have becn m~dc. Whik in defaulf, th~s nore shall be+r interest a~ the rate of 10°X .per annum in liev of the rate he~e7nbefore spec~fi~d.
All maken and endorsen oow w he?eaher becominD parties hercto jointly ~nd severslly waive denand, notice of ooo-p~ymem and
protest, and ~p?e~ that in the event of default en the payment of ~ny installment dw he?eunder the whok of ssid indebtedness sF~~tf ti+ere-
upon at the option of tl+e hokkr, become imrnediately dw ~nd payable. snd if tlws riote bceome: in default ~+d 'a pl~ced in the h~nds
of an ~ttorney for colkction, to pay roason+bk attaney's fees and ~II other costs for m~ki~g such colkction.
Tha note m~y bs prep+id ie whok or in pan ar sny tims witlwvt pen~hy.
~ S/ George A. B1air ____~__~i~
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~GEORGE~A.
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` S/ Maria B. Blair
---_-_-------------lcsEwu
~ MARIA B . BLAIR
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(ihis not~ is sea~ed by • mortgape of evee date euecvled by the makers in fawr of Commw+ity federsl Saving"s and loui Assn. of Riviera Be~ch)
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 shal) cease and be null and void.
AND the Morsgagor does hereby covenant and agree:
1. io pa~ all ~nd s~qu~+~ tM P~incipal ~nd iroareat ~nd otha* swro of ~~y wr+bk by virtue of said pran~ssory oote snd this morty~9e, a~ither, prompth
a+ en. d.r, r.spadiveM. ~n. ..m. s.ws~y co.n du.. E
i
l. To pay dl ~e.d s~nqul~r ~he f~aes. xsessmenrs. 1ev~es. I~abl~nes. obl~gations and ~ncumbanccs oi rvcry narure w. u~o oescnbed p~ope~~y exh and every
whcn due and wraDte accad~nq ro ~~w. be/ae fhey becanc del~nquem, and ~l ehe same shall not be prompHy pa~d ~he Morrg~gee maY at any t~me either before
a-at~e. del~nq~encr wr same w~rAO~t wa~v~ng a alfechng the opt~on ~o fweclox. or anY ngM h~revnder. and everr wyment so made shall bear mtera~ irom
~^e date Mc~eo( ar the rare wov~ded m sa~d pom~ssay no~e.
~
To kep the bui~dnys and sll puipment ~nd personal poperry now w hnesfter on said prem~ses, cov~ed by ~his mortg~g~. inswed in • wen ~t Itast
eqwl to tAr u+p~id bs4nc~ of tA:s mut~qe, inclvdinq fi?~, ea~ended caverage ~nd vsnd~lis.n and malic~ovs inswance as to poper?ia otMr Mun dwelliegs. ~nd
~ fire, eatended cov~raye snd specid iwm other perih :eaunnc~ on dwelliegs diqible ior such brosdrned cover_~e - prw~ded, howwer, tMt svch imwanc~ b~ in
~ ~nww~t svtf:ciMt ~o campN with arry to-irowant~ rpiriremenq cove~inq sam~ under ~M lawr of Me ;t~q of Fbrid~, and povided furtha that the policy a policies
yh~ll be writl~n in • comprnr o~ compa~res ~nd tMarS~ ao ~qenclr satisfaUOry to tM Marp+qee +nd that said policy a pol:cies slyll b~ held by tM Mortyspce ~
•nd slrll btar ~ stx~dud Ntw Y«t Mwty~yee Clwn~ wiMwt connibution, rn~kirq the lou wder ss~d Porcies wr•b1e a U+e ~wr9.qe• u id in~erest mry sppex; ~
and in ~M evw~~ arry swn o1 nwney becanes W~r+bM und~~ rry such policr or po!icies, the Mortyagee shall Aave the option ~o r~ceiv+ snd +pplY tM ~aen~ on ~
sccount of iM :nd~bt~dness her~bp secw~d, a ro p~rmit N~t Mwtyayw fo ~eceive and us~ it, w s~ryr p~rt Nmeof, fw other purpos~s, withoul 1lweby wa'~virg
a Gnp~iriny any equiy, lien, or righl ~w~der and bp vwtu~ of this nwrty~qe: ad in tM went the Morty~qw does nw comply wifh rhis covanant, tM Mwty~gst =
m~y ptx~ ~nd pw fw wd~ insuranu, a a~w prt Nweof, withovt w~~vinp w aff~ctiny tM opt:on ro(or~close. a wnr riqAt here~nder ard N+e fi+U ~mo~w~t of each }
anA ev~ry such psym~nt slyll b~ immdiatelp du~ rd Wp~bb and aA+ll be~r interest irom the date tMreof until psid at ~he rate provided in said noN and fogefher
wilh s~A inMest shNl b~ secww b~r Iht INn of d~is ~wort~ye. `
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TMM w~trp~~. et awp fiw» d~rip 1M wwtqoy~ 1N~, oed in ib d'ncr~tio~, opphr (w r~w~rd of ~orfYuW 9owoMy iwwrosc~ cew~iwo IM
¦qrftpy~ ~a~col~d bp 11» vwd~rsipw~d ow ~ww daq Aer~wriN~, pop Ibt Pre~wi~ws dw bp r~oto~ tMr~oi, ond rp~it~ repopMwf bp fA~ ~wd~rai0w~d e1 ~
tp A
~rth ewovMt m or~ od~owced bp wid wortyopee. In N~e ~~~n/ d foil~r~ bp tM ~ndersipn~d b r~pop wid o~wounM ro wid ~wrtOaON, arcA foilvr~ sbol) y`Z `
b~ cew~r~d o delooh, ond dl p~orisions o1 tM wot~ ond wortyope w~th reyord ~o d~fo~rlt ~holl b~ opplicobb. .x~
7
•::rn
5. To pa~:~, comnut or ~vff~. no wasN, imWir~m ar d~hrianion oF uid prop~rty, a any vM~ fhereol. ~nd upon ~M iailur~ d tM mwtyp~r to k~ep ~M
bviWi~p~ on s~id paputy in pood ca~d~tion d rp~ir, tM Mwtq~qM n~r daMnd /M i~wn~AiaN rep~ir of said bwld~ngs. a~n increa+~ :n tM amounf o~ s~cwiry, or
IM in~d~~N rp~yrw~n/ of 1M deb Mr~M ~~cw~d ~nd th~ f~ihw~ d ~M Mortp~qw to co~nDh~ wiM said d~nynd of tM Mw~yayN fo? • Paiod ot thi~tp (30)
d~yi. sMll crost~rv~~ • be~ch d Nr~ n~wtp~p~, and, sr tM option d Nw MwtqaqN. imm~di~qH m~tw~ tM ~ntin ~e~awr of prindp~l ~nd inMr~st Mrebp
t~cwed. and in,.~e~~~~~ly and wilhpA noliq. IM Morty~pN m1y imtihM proeNdaqs b/w~clw~ N+is monyp~ and pplr iw tM ~ppo~n~~.:ent of ~ Ret~~~er.
F~•~.~~frer p,^~.~a~ .
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