The URL can be used to link to this page

Home My WebLink About2775 TO HAYE AND TO HOlO the same, togethe~ with the tenements, hereditaments and appurtenances, v~ro the Matgagve, in tee simple. AND the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple, that he has ful) power a~d Iawf01 right to convey said (and in fee simple as aforesaid; that it shall be lawful for the Mortgagee at all times peaceably and quietly to ente~ upon, hold, occupy and enjoy said tand; that said land is f~ee from all i~tumbrances; that he will make suth further assurances to prote~t the fee simple title to said land in the Mortgagee as may reasonably be ~equired; that he dces hereby fully warrant the title to said land and will defend the same against the lawfui claims of all persons whomsoever. PROVI~ED, ALWAYS, that if the Mortgagor shap pay unto the Mortgagee the certain promissory note of which the following in wo~ds and figures is a true copy, to-wit: ~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOGIATtON Of RIVIERA 8E/1CH I I ~ i C'~~Qx#~M$p ~D#8 ~ a+wew? eeac?+, F~ot+u~ June ~ ~ ~ , ~9 73. ~ 6eir?~ indebted, fa v~lue ~eceivad, t~w v~dersipn~d joimty snd uverally prom7se fo p~y to COAAAAUtVIIY fEDERAI SAYINGS /1Np ~ IOAN ASSOCtAT10N OF RIVIERA dEACH at ;~s offioc io the City of R'wie~a 8each, Flprid~, o~ arder, the tum of TWENTY-TWO j THOUSAND EIGHT HUNDRED AND NO/100--------------------ootw~sct22,g00.00 ) ~ royerher with intere~t thtreon u hc~einafte~ stated in montAly :nsidlmems d Qng Hundred Eighty-Z'WO and ~ 29/1Q0-------oaurts ts 182 . 29 ~ first kutallment sh~lt be due and pay~bk on the tenth ~ ; dar of November 19 73 and :vbspuent le~stallmems sh~ll be dv~ snd p+yab4 on N~c tenth d~y oE each and evlry ukndar month the~e+her tmtit thf principal and interest are fu!!y p~id. i l~rger svms rrNy 6e paid at u,y time, but fhe p~ymenf of a~y svch Isrgtr sums io addition to the payments herdn required shall not relieve the makers of the paymeM of the momhly ;nstallmcnn he~ein providcd for, unksa it is speciiiully stipulated by the maksrs at the ~~n+e of payme~t that svci? Isryer sums are to be applied to *he adv~nce psymcnt of ~he monthly installments next maluring in th~ wder of ~Ae~r due dafes. Alt payments made uport th:s nofr sh~ll be applied fint to the payment of ~tvued Gnterest and secondly vpon the princip~l. ThK obligat~on sM~t bear interest from date at the rate o! seven & four-tenths pK 7~!~ y(.) ! per annurri until the principal and interest are fvlly paid. i j Interest fp each calendx month ahall be +cvued on_ the first day of :sid month and be computed on the unpaid balance of p~inc~pal and inierest ex~sti~g on the last day of the preced;ng month. This ~ote sha(1 be cons~dered in defsutt when ~ny p~yment nquirsd to be made hereunde? shsl! not havr been mede within thirty days iolbwing its due date ~nd shall remain in def~uft until said p~yment shall have been made. Whik in default, th:s note sMll be~r interest ~t the r~te of 109fi pcr annum in lieu of the rate hereinbefac specifi~d. ~ All maken and endorsen now or hereafter becominy puties hereto joimly snd uverally waive denaod, notice of non-paymem and : protest, and syree that in the event of dcfsult in the payment of any insullment due hereunder the whok of s~id indebtcdness sh~ll there- i upon at the opt~ of the holder, become immcdiatey due and payabk, snd if th~s ~ote becomes in def~utt ~nd K pIKld in tF~e iunds of ~n artwney fw wlkction, to pay reason~ble ~ttwney s fm and alt other costs for maki~g sucl+ colkction. i This i+ore r~y bs prepaid in whok a in pan at sny ~ime witFw~rt penaMy_ j S/ ,Gifford O. _Draper ~ ~ `~l~i~ GIFFORD O. DRAPER i -----tsE~?q ' S/ Flora Louise Draper ` ~~U ; ~ FLORA LOUISE DRAPER ~ ; - - . ts~u) ~ {(This note a secvred by • morty~e of even date e~cecvted br the maker~ Gr. {rvor of Community Federil $aving"s ~nd loan /0.ssn. of Riviera Be~ch) i ~ ~ [ i ~ and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and r covenants of said promissory note and of this de~ed, then the estate hereby created shall cease and be null and void. i t : AND the Mortgago~ dces hereby covenant and agree: 3 T. 1o paY afl and s'v~q~lar tM principit ~nd intKest snd other sums o! money par~le by virtve o( sa~d pom~ssory note snd thi: mwtyye, w siM~er, wa?wth o~ th~ d~ys r~spettively, the ~an+! sev~r~lly cpn~ d~~. $ ~ ? Io wr all aaW s~nqulp Mte ta+~t~. sssess~++enH. lev~rs. I~sb.l~nes, oEl~gat~ons +nd .rxumbrences of ~very naru~e o.+ sa~o oeur~bed D•pperr~ exh ~nd lvery ~ ~~en doe a~ wYa~le x~ad~nq ~o liw. befat IAe~ become dehnquent, anQ ~f rAe s~n+e sAall ~of be promprFy p~~d rhe 1Mortg~gee maY at any t~me er~her belwe a(se. deLnqvener par rhe same w~~hour wa.nnq a ai/ect~og ~Re opr~on ro faeclose, of a~y nqAr he.eo~de.. and every pdYmenr so made shall bear ~meresf f.om '^e da~e thereol at tht ra+t por~ded ~o sa~d D+o^+~iso~y nott - 3. To kep the bv~ld~nqs ~nd atl eq~ripmen~ ~nd peisona! poperh now a hnea(ter on ssid p.em~ses, covered by th~s mwig~g~, i~sured in a swn ~t lean eawt b tM unpaid bsl~e of Mis /norly~ye, inc~vd:rq fire, eaterded cover~qe and vsnd~l~sm a~d mslic~ovs insu.ance as to properties otAer than dwellin9s. ~nd f~re, eitended covtray~ ~nd speci~l fam ofher perils inwrsnc~ on dweii~nys eligible iw such broacle~ed cover_~e-pov;ded, howeve~, tMt svch irywa~c~ b~ i~ g ~mounf svifrcient ~o compy witA anY co-ienwanc~ rp~irements coveriny sam~ vnd~r ~hs lawr o/ tM ~~~N of Fbrida. ~nd piovided f~rNxr tkst the poli~y a policies iMll be wnnen in • canpanr w companies ~nd ~hro~yh ~n ~per~cy satofx~ary to Me Mwtpayee a~d that ssid policy or polic~es sMti b~ held by eM 1Nort9sqee •nd sMtf be~r • seandxd IVtw Yuk Mptq~9e~ Claus~ withoul conerib~tion, en~kiny the loss vnde~ said pol~cies psY~bk b the 1Nortq~qe~ ~s ~b inte~est may apQt~r: ` and in fM event ~nY swn of mw~ey Decomes p~Y~bN w~d~r ~ny s~ch pol:cy a policiq, the Mwtga9ee ihall hsw th~ option lo receive ~nd apply the s~~nt o~ xcwxN of tM indebledneu her~by aecur~d, p ro permif 1M Morty~qor to rtteivt and vse a ~~ry px1 Mxeof, fw wher purposes, withoW tMreby wi'~viny o~ :mp~irinq anY equiry, lien, a riqh~ ~n~ler and by vi~tv~ of this mw~ysqe: ~nd i~ the evem the lMortgaqor dop not c«npFy with Mis covensnt, the MLor~~qe~ ~f ~ i may plac~ and psy for such ins~rance. a ~nr D+„ ~reof, wiN+art waiviny w~fi~ctiny tM opt~on to f««lose, a~ny ~iqht he~evnder snd the iull anwwN o! e~ch ~ ; +nd tvwT s~+th paym~r~t shsll D~ irrr~rdia~cly dw ~rd p~r~bb ~nd sMfl beK inlerat f~an the datc ~hereoi unt~l paid a~ tMe rate pw~ded in sa~d not~ ~nd togeiher ;`r, ~ w~tM sud~ inMes~ shatl br stcww b~r d~ I~en of tAis mptqaya. A. ' ; TA~f wwt9e~~, wor, ot owr fir d~riwo tla worlQop~ qrw, ond ie ib d'ncretion, opphr Iw r~n~rd ol ~wtyp~ ouorow~r in~~ronu ce+~~iny IIN ~ ww~pop~ ~a~cut~d bp 1iN vndtr~iqe~ an ~Y~n dot~ MrewitA, poy tM pr~w,;uw~ dw br rwwe IMreo/, ond rpvi~~ repopn~eM bp tM vnd~rsiqn~d e( t +ucA oiwovnh w or• od.o„ced br wid ~orf9ope~. In Me t~~nt o~ faifun br fhe ~nd~rtiyrt~d !a r~par wid orwovnh b wid ww~tpopN, srcb foilur~ sAollt ^ b~ coesid~r~d a delovN, ond oll ovna~s oi rhe note ond wa~t e w~tA ~a ord to d~fovll sAoll b~ ~a ? ~ M 9~9 9 aPP~:coble. ~ S. To permi~, conrn~~ o~ ~vf1~r ea wsi~~, imp~~rm~m or d~tN~o~~tion of uid propNty, w~ny p~~~ thereo/, and upon ~M iai:w~ 01 fM ma~ypor to k~ep fM`~ r b~~ld.nqr on said prop~rtY in pood cond~tion o( rpair, tA~ Mortp~pe~ Tay E~m~nd tM i.nmed~ar~ rew~r of wd build~ny~, a~n ~ncrus~ ~n fM amam~ of ~ecwiry. poc' i eM iTnrdi~» rep~yn~M of Nr deb her~by ~ecur~d ~nd tM t~~l~w~ of tM Mw~y~por ro comply w~rh s+id d~mand o( ~M Mony~pe~ fw • p~rioA of tA~np (30)` y: ~ d+w. sMll consnwa • be~ch of tlw~ mwtpaq~, md, a~ rM op~;on of ti~ Mor~yayM. ~mmsd~a~elr me~w~ ~M ~mir~ ~n,o~m of pr;nc;pd ~nd ;~u~rea~ hereby t:c~~.ed, and ~~++~-.ejut~fy snd w~tApy1 nptic~, tM Mwtq~qN reyY imtitvH poc~ed~nps to fa~clos~ tA1s ,nor+ypa ~nd ~ppty (p IM eppo~~tmrm oi • R~:e~rer. •f ' f~.~.,~~,. .