HomeMy WebLinkAbout0844 TO HAVE AND TQ HOLD the same, together with the tenements, hereditaments and appurtenances, vnb the
Mortgagee, in fe~e simple.
AN~ the Mortgago~ dcet hereby tovenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful ~ight to convey said land in fee simple as aforesaid; that it shall be lawful f~x the
Mo~tgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; fhat said iand is f~ee
from all incumbronces; that he will make such further assurances to protect the fee simple title to said land in the
Mortgagee as may reasonably be required; that he dces hereby fully warrant the title to said land and wilt defend fhe
same against the lawfui claims of all pe~sons whomsoever.
PROVIDE~, AIWAYS, that if the Mortgagor shalf pay unto the Mortgagee the certain promissory note of which the
following in words and figu~es is s hue copy, to-wit:
~
~ COMMUNITY fEDERAI SAVINGS AND IOAN ASSOCIATION OF RIVtERA BEACH
~ ~~r#~tt$P ~o#E
~
~ aiviEw? e~?a+. fiati~~ July ~ 19 7 3
~ Beug indebted, fo~ wtve received. tM underspn~d ioirtly and severally p?omise ~o p~y to COMMUNITY FEOERAL SAWNGS AND
~ tOAN ASSOGUttON OF RIVlERA BEACM ar ih office en the City of R'wier~ Beach, Floride, or order, th~ swn of TWENTY-THREE
~ THOUSAND AND 00/100---------------------------------~~ n 23,000.00 ~
i+~,r~. w;~h ~Rn.~., ~h.~ hlreiM~IN .~.«a ~~ny M.a~~m.m, ~s One Hundred Sixty-Six and
~ 25/100------ oaUas cs 166. 25 J. 1he fine iraallment shaN be dw and psy~bk on th~ tenth
;
, d~y of November ~9 73 and avbsequcnt tnsallmeols shall be dve and payable oe tenth
d~y of each and every cakndu month the~e~fte~ until ~M a~~+c~Pa~ and interest ~n fvlly p~id.
' ~ lugcr swro may be paid at ~ny time, but fhe payment of •ny such targer svms in addition to the payments hersin required sh+Il
not relieve fhe makt?s of tM paymeM of the monthly installments herein provided for, tmku N is specifically stipulated by ths mabn +1 tht
, rime of payment that svch laryer sums arc to be appGcd fo the ~dvance psyment of tF+e monthly inlt~llm~nb n~xt matuia?p in th~ orda o1
m n
; rheK du~ dates. All psyments made upon this note shsl! be applied fint to the p~yment of xtrved interest and tecw~dly ~pon the princip~l.
~ ThK obliyation shall bcar interest from da~e +t the rate of $@V@Il & one-quarter pr nnt { 7 1.~4
~ per ~nnwn until fM printipal ~nd interett ~r~ fully p~id.
~ Imerest for euh cakndar rtwnth shall be accrvcd on the f7rst dsy of sa~d monlh ~e+d be computed on the unp~id bal~nce of princ:pal
! and interest ex~sting on the last day of the preced:ng momh_ This note shall ba cons~dered in defauft when any payment required to be
' made hereunder sh~ll nqt h~re bten made within thirty days ~otbwiny its due dat~ and sFull remain in default until saed paymen? sh~ll
have bee~ rn~de. Whib in def~ult, th~s note shall be~r intcrest at the r~te of l0~fi per ~nnum in lieu of the rate hereinb~fae specifi~d.
All mskers and endorse~s now a hereafte~ becomin9 puties hereto joimly a~d severally w~ive denaod, notice of non-payment ~+d
prolesL and ayree th~t in the event of default in tf~e payment of sny inst~llment dve henunder the whok of s+id indebtedness shall there-
upon at the option of the ho~der, become immediately dve and payabk, snd if this note becomes in def~ult ~nd is pl~ced in tl+e M~ds
~ of an artorney for colkcYwn, fo p~y reaon+ble attorney's iees ~rid all o~lw costs for makirg such collec~an.
i
' Tha note may be prepaid in who4 ur In ~aet at snr ~im~ withovt pen~hy. ' •
;
i . •
~ • _ - . ~ _..,~__-~iLISTAV T _ F.FTNC~F.R _.___~__(~Al)
~ Gustav J, Efinger
~ .----_~cs~w
i -~.--•~~HTRT.F.V _F._FFS11l~aE~.._-.-----.u.~.(SEI?U
; Shirley E. Efinger
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~(This eote b sccued by • mon~~ of even date execured Ay rhe makers :n fawr of Commuruty Federil S~ving"s and tosn /1ssn. of Rivie~~ Beach)
and shati 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 crea'ed shall cease and be null and void.
~ AND the Mor~gagor dces hereby covenant and agree:
1. 7o pa~ a11 and sinyvtu th~ pinc~p~l snd inr~rest and otAer swro ot monw P.r,bte Dy virtue of seid prom~ssory ~o~e and this morty~y~, q tiMrr, prowptly
on tM d~ps resp~c~iveH. the sNne sevenlly coaw due.
. 7 To paY aN a~d unqi.l~ rhe taaea. »sefsrrKnb. lev,es, I~ab~l~r~ts. obt~qa~~ons ~nd ~ncum6iances o! .very nafwe on sa~o oesc~~bed popertY exh and tvnY
«he~ d~e ~nd par~~le accad,ng to I~w. be(«e rl,ey pecome d~Lnqvenr. and ~f tAe same sball .w~ be womptlY oa.d Me Ak.irrqa9ee may ar any eme e~tf~ beiwe
aftei del~nqyencr DaY the sa:nc w~tAou+ wHVing a dfec~~nq rAe opuon ro fp!edose. d any r,qht Aereonde.. and everY P+r~*'~~ so made sha0 bt~r ~nreres~ from
•^e da•e ehe~eof ar N~e ra~e wo.~ded ~n sa.d prom~isuy nore
3. To kep the buitd~~qs snd all eauipment and persona! property now a hNei(~er o~ said premises, covered by tlus mort9sq~, i~swed in a swn ~t least
tawl to Me unpaid bt~u+c~ of Mis maty~g~, inclvddny fin, eatmded cova~ge ~nd vsnd~l~sm rfd mal~c.ous imurance as to popernes othe~ than dw~lli~, and
}~re, tatendcd covK~ye ~nd speci~l fwm oN~er perils :ns~anc~ on dwetl~ngs ttigDle (w such brwdened cover_~e -wov~ded. hew~rer. ~h~f s~ch ins~r?~nc~ b~ in
~mwnt su((~ci~nt to compy w~tA sny co-insw~nc~ rpviremcnts coverinq same vnde~ the law~ of the ;ta~~ of Fl«ida. ~nd qov;ded 1wMer thar the polia~r or policiu
sAall be vrrinMn in • canp+nY or comwnip snd thro~yh an ~9ency sa~isfxtory to tM Mo~tp~Qee snd thst s~id pol~cy o~ pofKiei sAaH b~ held by tM Moripspee
a~d ~Mlt b~ar • stx+dud ANw Yak Mortp~yN t4vs~ withwf coNribution, makiny the loss vrNle~ aa;d pol~cies pay~bl~ fo Nx Matq~qe~ as its inNreat map ~qear; ~
and in tM ~vent ~nY swn of nwney becanes p~y~bb wder ~nr s~ch policy a po~icies, tAe Mort9~qee sAa11 Mve tht option to rece:v~ a~d apply th~ saen~ on
accou~t of ~M ind~bNdness hreby secwed, a to permit tM Mweqsqor to receire and use ,r, or sny p~rt thereol, (w wi~er pwpos~s, withovt tMreby w~ivirg ~
or «np~i~inq piY tquity, lie~, a right ~nd~r a~+d by virtw of tF~is mort9sqe: snd in tF~e evem the Mw~y~gor does net con~ly with this toven~nt, tM AFwt~qe~ ~
n+ay pl~c~ ~nd Wy fa such inswr,ce, w+rnr put tMreof. w~flwut w~~viny w aff~c~iep N~ op~~on ~o f««Iose, w ~ny r:phr t,ere~ndrr and Me !~!1 amaint of exh
+nA evw~ sud+ paym~nt shall b~ imn~fiatelr c~w ~nd paY+ble and sh~ll ber ineerest han tAe da?e thsreo( until psid ~t tl~e rste provided i~ said nob and toqeMuy u
witA s~ inhrtit shdl b~ sK~x~o bY IAe bM1 of M~1 enwtq~ye_ ~
_ti
~ 1. TAe~ ~orqe~~, woy, ef owr G~y dvrin0 tM iworqop~ t~rw, owd in its d'nue~ion, oPply lor r~w~rrd oi wo~tpoq~ yverpNy iiuvro~~ cewrwq li» C.7
~fyoo~ ~a~urt~d br tl~ ~nd~.~pn~d on ~r~n dot~ Mr~..~th. pap tM p~erwiuw~s dv~ br ~wson tlNr~o1, ond rpvir~ r~papw»n1 b~r 11» w~d~rsqMA o/ 4-+~
•ucM an~ovnri w ar~ oMonc~d by wid ~ortyopte. tn tAe e~~nt of (oilurt br e6. v~d..uyn.d ro repor auid owovsts b soid ~ortyoyN, artA loilvr~ ~Aotl j
; b~ comid~r~d o de(ovH, ond oll pro+i~ionf o! tM nob ond wort~oye wieh reyard ~o d~fo~h sAoll b~ oppl:cobl~. ~
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S. To pami~, comn+~t w avffu no w~~~~. unp~~rrr~enf w d~ter:«~t~on o1 u~d prop~.ty, or any p~.r rhe.eof. ~nd ~pon ~M f~ilwt o/. ~M ?norrp+ppr w k~eo Nw
twild~rps en a~id propKty i~ pop! cond~tion o} ~p~ir, tM MortqaqN m~y dtm~nd tM :~nenedi~t~ rep~~r of sa~d bu~~d~nys. a an inc~eas~ in M~ arnprnt of ~ecw~ey, a
N+~ im+Kd~~t~ r~MYrrynf of ~M d~W I+crebY a~ty?~d ~nd tM i~ilw~ of tM Morty~por ta <w~wly w~~h ss~d dem~nd of ~h~ Mwtp~qe~ fw ~ p~?iod ol tA~ny (30)
d~rs, sA~tl consrirvt~ •~bre~cA of thi~ mwrqip~. '«+d, at tA~ opt:on o/ rM Mwty~~, imm~d~n~lr ~eyt~x~ ~M ~nt~n ~mwi..~ o( pr;n~;p~~ ~nd M~Na~ ?~er~b,y
stc~red. and im~e~~~~~ly ~nd wi~hWl noi:e~, tM'Matq~pw T.~y imtiM~ proeNdmq~ to iw«b» ~his enwt9apa ind ~pph fw MN ~ppo:n~men~ 01 • RK~ivK. ~f
1-.~:~~~.it~~, p,o~.leed
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