HomeMy WebLinkAbout2415 TO HAVE AND TO HOLD tfie :ame, togethe~ with the tenements, hereditaments and appurtenances, unto the
Mottgagee, in fee simple.
AND the Mortgagor doe: heraby aovena~t with the Mo~tgagee that he is indefeasibly sei:ed of said land in fee simple,
that he has full power and lawful right ro oonvey said land in fee simpic as aforesaid; that it shall be lawful fof the
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Mo~tgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is froe
from all incumb~ances; that he will make such fu~ther assu~ances ro protect the fee simple title to said land in the
Mortgagee as may reasonably be required; that he does hereby fully warront the title to said land and will defend the
same agai~st the lawful claims of all persons whomsoever. '
PROVIDED, ALWAYS, that if the Mortgsgor shall pay unto the Mortgagee the certain promissory note of which the
following in words and figures is a true copy, to-wit: ~
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COAAMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATtON OF RIVIERA dEACH
~~r#~~~e ~atE - }
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RIVIERA dEACH, F~oRia? June 2~,~9 7 3. ~
~ dein~ ind~bttd. for valve receivad, th~ widengn~d jointly snd severdly proenis~ b p~Y ro COMMUNIiY FEOERAL SAVIN('s5 11N~
I IOAN ASSOCIATION OF RIVIERA dEACH a~ its offia in rhe G~y of R'wis.~ B~ach, fbrjda, or ad~?, the swe of SEVENTY-ONE ~
~ THOUSAND TWO HUNDRED AND NO/100--------=-------------~5 a ~1,200.00 ) ;
j?o~e~h~? w„1~ Mkns~ thaeon p hereinafier statsd tn nwoyd~? ynql~ms d S1X Hundred Sixty-Three and 70/ ~
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~ 100----------~WtS cs 663. 70 ~ n» 1~i1~ 6qr.wnent sl+.u bs aw .na p.y.bl~ on the tenth
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~ d.,, or December ~9 '~g ~~.~a-.+~i~At~'~S~al~s ,~,.M b. au. .~a R•,,+~• tenth i
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d~y of each and ~very c~l~ndar month ~h~waA~r u~Hl1~K~ =~r~r~ ~Al~ i~rt~~ u~ irq~? p~id.
I laper :~ms may M paid ~t any time, but the paym~nt of ~ny ~ivtA 4~~er sWrs :ia add'dion ro the p~yments herein req~ired shsU
~ rat r~li~ve the m~ken of tM p+ym~nt of tM monthly irotsltme+»s herein provided toi: ~leu it is spec:fKally st~pulated by ti~ nwk~a ~t the r
j~~me of payment that svch laryer sums ue to be applied to the sdvance payment of the montNp inst~llmer?b ne:t matwirg in tl+e ader of j
~~he'v du~ dates. Atl payments mad~ ~pan tha note sMll be applied fint ro the p~yment of ~cvued inter~st and secondly upa~ the principil.
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` Th~s obliy~tion sh~ll be~? interest from date ~t the rate of nine dT1C~ OII@-half Pa 9. 5~
~ per annum until the principsl and inte~pt an fully paid.
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~ Interest for each ukndar month shalt be ~caued on the f'rst day of sa~d month ~nd be computed on the w~aid b~law of prin~~pal ~
~ imercct existieg on tl+e lut day of tM preced~ng month. iha oote shall b~ cons~dered in defauh when ury payment nqvirsd w b~ S
i m~tk i~eteunder sh+ll not have betn mad~ within thirty dayi folbwinp its due d~ts ~nd shall rtmain in def~uh ~nti) said payms~N slMN ~
' hav~ bsen rnide. Whik in defaul~, th7s rate sMll bear inte~~st at th~ rate of 10% per annum in !iw of the rat~ Irr~inbtfwe specifi~d.
All make~s and endonen now or hereaher becominp p~rtin heroro jointly and severally waive d~nand, notke oi eoa~ayment ~nd
' protst, and ~y?e~ that in tht wMt of defwlt in the p+ymer?t of any installment dw F~rsunder the whole of said irdebtedness sMll ti+ere- ;
j upon st the option of tir holder, become imn~d'wtely due ~nd pay~ble, ~nd if this rot~ beeomes in defavlt snd 'a pl+ced in t!r lwds '
; of an anorney fw oolkction, w psy reaonabk atton+sy/a fs~s a+d a11 oth~r oosts for makieg such colkdion. ~
' This rwts may M prepsid ie whol~ or in part at sr~ tim~ w'~thout pwh~r. !
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~ - S1__Dennis Allen Passman ~ #
; DENNIS ALLEN PASSMAN ~
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S/ Sharon C. Passman ~
~ SHARON C. PASSMAN ~
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~ f(This nm~ 's sea+red by • mort~ge of even date ezecuted by the ensken ~n faw~ ot Communiry Fede?al Savin~"s and loan Aw~. of Riviera le~ch)
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and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, mnditions, and ~
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covenants of said promissory note and of this deed, then the es~ate hereby created shall cease and be null and void. !
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AND the Morsgagor does hereby covenant and agree:
i. 1o P+1 all and s~npulu th~ windp~t ~rd ir~rest ~nd other s+wns of-aionep ps~able bp virh+e of ~aid pom~ssory noee snd this nwrtype. a~itF~p. P?~M~Y
u~ tM d~pa rKpKtiv~M, tht s~nr aM?slly cowr du~. ~
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To qr all a/M sinqvlar ~Ae t~aes, aauss~nems. kv~ts. I~ab~lir~es. obl~qanan and ~MwnL~antH oi ~.rery nanxe on ss.o wscnbed wope~qr eacl~ and every
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~ .~hen due N+d pavaWe xc«d.nq ro law, befae they become del~r.QUem. and ~f rhe sa~ne slull no~ be womp+lr paid the Mw~qaqee ~nar +~W t~me either befae ~
~ ~ al~ deL~q~encr par ~he same w.~lw~rt w~~..~~q p affae~nq t!K ophon ro(aeclox, a ~nr r~qht Aereunder. snd everY WY~t so msde sAall bes~ intereat from ~
~ •~e dare ehereol a~ ~he rate w~~ded ~n sa~d wan~ssay nae. '
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- 3. To 4ep the bvilfii~ps ~nd all pvipnent ~nd pe~sonal pope~ty now a h~reaf?er on said wemises, covered by tbia inwtg~. irow~d in a sum ~t M~~t i
~ eqwl b Me unp~~d ~+4nc~ of thia inwt~q~, inck~diny fw~, ~atended coverag~ ~nd vandalisin ~nd malic:oirs imw~nce as w popert~es otl~er N~r~ dw~llinqs. snd ~
~ f~re, ea~ended cova~a~ and spccisl tonn othe? perih iiaw~nc~ on dw~llings ~liqble for such brosde+~ed cover_~e - povided, howtva. N++t wefi ~~s~+?u~ b~ in ~
~ ~nwuM su(fici~nf w cwroN with aiyr co-inswarc~ rpuire~b cove~irg s~m~ w~da~ ~M laws d.Me ~4h of Florid~. ~nd pw.~ded iw~Mr tMt the poliqr w pdicias
,r~ ?hall b~ vrritNn in • compsny a coinp+~r~s and tMouyh ~n ayu+cy aat~st~nory to Nr Mor~9api~ and Mw said pol:cp a odicNS shall b~ held b~r fM AFwppw O ~
and sh~ll bwr • uandrd New Yak Mortp~y» tlwn~ wiNwur coeurib~nion. ~wkieq Me bss u~der sa:d vd~cie~ wr~w. ro u~. Mw+y.9,a• „s inw~at ew ~vD~ar:
~ and :n t!w ~va+t Mryr awn of mwrr becanes DwaW~ urdar +rw wd~ vdic7r or Duticies, d~e Mortq~qe~ shafl Asw ~he aMion fo rec~:v~ and apply tM s~ on :
~ :.e`.a: ~.;u..~.. .w..~.~ r.:....:....
XCOVf1~ O7 RR ~/IO~01lQ1f1S fRI~Oy 1RVf~0~ A A pRflYt NN I~qf1~90f 10 ~RnR ~iwi ~ vi w~/ y~ii ~~ws~n~ ~~~i e
a+ «~w+KirW +rry pu~h~, lien, a rigM urwfer and M virtw of Nwa nwr~9+9~: snd in tM cv~nt••tM Mw~p~qor does nw comP~Y w~~h tAis cov~n~nt, tM Nlort~ye~ ~ :
~ D~ +~d Ori tor wch insurana, a+rrp P+N tMr~o/. withwf w~iviny or af(~ctin9 tM oWion w f«eclw~, a urp riqht Ae~ew~der ad the (vll ~na+m of each `
a.~ ew~ such ps~nrnt aMll b~ imn~diatclp dw rd pnraW~ ~rd shall be~r inNres~ fran tAe d~h Maeof vntil paid at the nte parided in s~id rah and toyed+er ~ i
wit6 sucA irupM sMll b~ securW b7i IM INn Of this ewnpt9e• i
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1. Tbef s~e~~. et wp 1iM dwiwy Nw ~orf0e~ Nriw, wd is i~s d'acntiaw, eppF~r fw r~we~~l 01 ww~Ye~ Yv~wMf iiw~wc~ ee~riw~ 1?~ ~ ~
~ ~xtqeq~ ~t~cvl~d br 1i~ ~wd~nipw~d on ~ww dob IMr~.rifA, por tM pre~ivw dw br r~oww ?Irrwf, owd rp~ir~ r~pepMwl by tA~ rwd~rsi0w~d d ~
~ ~~cb a~wrwb os a~~ od.anced bp wid wwtyop~~. In H~e ~nnt o! failrre bp tIN v~d~nipw~d b r~pop wid owoYwb b wid wwlPey~~. wcl~ /~w~ dwll Y -
~x b~ cowtida~d e Mfanh, ond dl provi~iows oF the woe~ w~d ~w~pop~ w7N~ repord ro ddovh shoN M opplicobl~. 4co f
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~Y S. To pnn+:t, eoerw~t o? suFi~r no wa~h, ienpairwMnt a d~Mr"rorNion d f~id prop~rty. «~ny wrt tlKr~of. ~~d w~ Mw f~itun ot tM mwt~qor b k~ep ~M ~f
b~~ld~nq~ on s~id popatp in yood cond~t:on ot rp~ir. Me MwtypN n~r EMwid ~M inrnedi~» rep~ir of sa~d bwldi.qs, a~n irwua~ in tM Nnount oi NcviAr. or ~
~ rM i~aN r~wr+~ d M» d~b~ her~E'1~ snw~d ~nd t!w i~ilur~ of tM Mor~p~por w toww~y w~~h uiA d~nw+d of th~ Morrq~q~e ia • PM~od o~ th:np (~0) t
-~y~', d~rt, aMll constiew~ • bt~eh d Nr~ narty~pe. ~nd, n r!r op~:on oI ths MwtypM. inwrwdiat~h rn~tu~ th~ Mtin ~ma~M oi Wint:al and intMSat ha~ ~
~ sec~red, snd imrx~~hly and witlwuf noliq. Ih~ MortO~pN rMr institvN Matwdinps q la~clos~ this mort9q~ ud +PVIp Ior tM ~OOo~ntment oI ~ Rx~ive~, n
~ hi-~~r.aire, r,.o.;ded.
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