HomeMy WebLinkAbout1145 TO HAVE AND TO HOID the aame, together with the tenements. hereditaments and appurtenances, unto the
Mortgagee, in fee simple.
AND the Mo~tgagor does hereby covenant wifh the Mortgayee tl~at he is indefeasibly seized of said land in fee simple,
that he has full power and lawful right to convey said la~d in fee simple as aforesaid; that it shall be lawful fw the
Mortgagee at all times peaceably and quietly to enler upo~, hold, occupy a~d enjoy said land; that said land is free
from alt incumbrances; that he will make such furiher assurances to protect the fee simple title to said land in the
Mortgagee as may reasonably be required; that he does hereby fully warrant the title to said land and will defend tha ~
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same against the lawful claims of all persons whomsoever. ~
PROVIDED, ALWAYS, that if the Mortgagor shall pay vnto t~e Mortgagea the certain p~omiswry note of which the
following in words and figures is s true copy, to-wit:
~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION Of RIVIERA dEACH
~
? . ~~r#~M~P ~D#P .
~ aiwew? e~a+, F~oRiu~ July ~ w73.
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~ leinp indebted. for vdu~ receiwd, tht w~dersgned joietly and severallY prom~se to p~y to COAMAUNITY FEDERAI SAVINGS AND
~ tOAN ASSOCtAiION OF RIVIERA BEACH at its offke in the ~ity of Riviera Be~ch, fbrid~, w ader, the ~wn of EIGHTEEN THOUS
; SEVEN HUNDRED AND NO/100---------------------------- ~ 18,700.00 1
;?operhe.. w~rh inreres~ tbereon ss hereinafre. iuted tn mernhly irotallm~nts of Three Hundred Seventy-Four and
71%100------ oouwRS n 374 . 71 the fmr i~ur.nmenr sl,.11 bs da snd par+~ a+ ~ tenth '
~ d~y of August 19 7 3 ,,,d :ubsequent inst~IlmeMS sh~ll be due a~+d p~yabl~ on the tenth
~ d~y of each ~nd every uk~dar month there~he~ until tM principal and interest ar~ fully psid.
~ . lar~er sums, may b~ p~id at any time, but the payment of any such la.glr sums in additae~ to the payments herein ~equ'aed sh+ll
not .eli~vt.the mak~rs of fAe p~ymeM of the monthly ;rot~llments herein provided for, unkss it is specificalty sfipulated by the makers ~t tht
j Hme of payraent that su~h laryer.sums are:to'be appl;ei! )o tl?e advance pryme~t of the monthly iroqllmMb next mafwing in fAe order of
~ ~heir due dates. Ail p~yments r+ude upon this note :h~ll be applied fiat to tl+p paym~nt of acvued interest and secoadly ~~oe?• the pr'~ncip~l.
ThK obl'~tion sh~ll be~i intcrest from•date at the r~t~.ofS@V@A & five~t@IIt~'!5 pu aMM ( ~j
; Pe. annwn umi~ the princGpat snd t~tecar ,rt futy paid- _ , _ . _
; Intcrest fw each qlendar month ~hall ts. ~cvued•on tF~e first day af sa~d month ~nd be computed on the unpaid balancr of princ~pel
! and intcrest existing on the lut d~y of the preceding month. 'This note shall be cons~dered in default whsn ~ny paymeot. ?sq~rirsd to be
; made hereunder sMll not hsve been m~de within thirty days folbwing iti d~r dsro and sh~ll remain in def~vh vntil s+id piymsnt sh~p
: have been m~de. W~ik in def~uh, th:s npte shall beu interest at Me ?atc oi )07L per annum in lisu of the r~t~ heriu+b~fore ipeci}i~d.
• All maken u+d endorxrs - now or hescafter brcomir~q puti~ hertro (oiMiy and severally wiive' da-und, notice of 'non-psYmem +nd
prottst, and ~yree that in the event of dcfault in the p~yment of any inst~Ilme~t due herwndsr the whok of said indcbtedneu sMll there-
~ upon at. the oplion of the holder, becane immediately dve and paYabk, s~+d if this nate beaomes in default ud is p[ued in the Mnd~
oi sn anwney for'colkcf;qi, to pay roaon~ble i»ornsy's fc~s and all othK costs for makirg such colkction.
~ Tha note m+y ba p~epaid in whot~ a p~ psA~ ar aar rime without- penah~r-
~ - • - . .
_ . ~ S.~ JEROiKE M. . SQOWAL _
i ~ . ~ Jerome M. Soawal .
i . . . - - _-_----._.____tsF/w
~ . . _ LOUZSE E . SOOWAL
~ Louise E. 3oowal
- - ~
~(Ti+is note b iecv?ed by • mort~a~ of even dde execwsd bp the maken ir. favor of Gom
muniry Feder~l S~vitgi ~nd loan /1ssn,,of Riviera 8e~th)
~ .
; and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
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' covenants of said promissory note and of•this deed, then the estate hereby created shall cease and be null and void.
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~ AND the Mortgagor dces hereby covenant ar~d agree:
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~ 1. To psY alf and swqulx ti» pmcip~l snd imerqt ~nd other s~+ms o~ ~+oney wrab~e by v:rt~ro of said prom~ssory note and this mwty~qe, or eitMr, provptly
on tl+~ d~ys resp~t7ivcy, tht s~~nt s~versllp conr due.
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7 To pay aIt and s~nquly rhe ~~¦es, assessmenrs. lev,ea. I~~b.t,r~es. oEl.gaf~ons and ~ncumbanccs of .very narwt on sa~o oescnbed Wppe.h e~ch and every
~hen d..e arrd wrable xcdd~rtq ro law, befwe rhey petipne d~l.nqven+. ~nd ~f rhe same sMll nof De Drorl~ptly pa~d ~I+e Morrqaqee mav ~r ~ny hme e~~her be/pe
a(k. del~nqucncy psy ~he f~me w~rhou~ ws~v~nq a a11ec~~nq ~Ae opr~m ~o faedose, w any r~ghr he~e~r+der. a~d everr oarment so made sh~ll bear lnreres~ from
•^e da•e ~htreul a~ ehe .~.e wo.~ded m sa~d pro.n~siay no~e
To k~p the b~ild~nqs ~nd ~II eWipment a~d personsl pope~ty now or hNealter oe~ ssid p~em~ses, cov~.ed by ~his 1nwty~g~, i~swed in a swn N kast
eQwt to the wp~~d ba4nc~ of Mia mortqrqe, inclvd~~y fut, e~tended cove~aqe ~nd vand~l;srr~ ind malic~ovs in:ur~nce as to poperties oMer than d~w~llieqs, and
' f~re, e,~ended covar~g~ and special form otAer per~ls irowanc~ on dwell~nqs Niqble fa s~ch b.oadencd cover_~-Drov~ded. Aowever, tMt svch insuranc~ b~ in
~ •mount sv(fici~nt fo comply with any co-irnwsnc~ req~rirement~ cmre~i
rg same under fhs laws of Me ;taq of Flw~ds. ~nd provided fwN~er eMt the 1'
ihall be wri~Nn :n a co~nptnY w cwrwarwa and tlxo~rqh sn sqeeit7r utislxtory to ?he Mor~payee and tMt u~d policy w polKies sA~lt b~ l.cld bp ~M Mwlpaqe~
qe
and sh~ll ber s sun<fyd New Yak Mor~q~qN Claus~ witl~wA contrib~nion. ~nskinp the bss ueder said pol.cies p~Yabk ~o the Mortqaye~ ~s iy imei~s~ m~y a~x~r;
and :n rM evem ~nr wrn of monry beion~ p~y~bb ~w~def ~ny s~ch pof3cy or potieies, tAe M«~yaqe~ shall hsve ehe option ~o receivr and apply q» ~any an
accow+t of tM ~ntl~phdnets Ae~~by sac~r~d, w~o pNmit 1h~ JMortqaqw 1o receiv~ and vse ~t, a ~ny part Mtreof, /w oM+er pu~poses. witAart tMreby w~iving ~~1
a:mps~rin9 +~r ~a+~h, tien, w ~iyht vnde. and by vi~tw of this mortq~qe; ~nd in the event ~Ar Mw~yaqor does nor coinah w~el~ M~s coven~m, tM lNort~qe~ ~1
m+y pl~c~ ~nd pay fa wch im~r+nce, a anv put d~ereol, w~0~wt wsiv'rny o~ ~ffecnny tM eW~on to iaecbu, a iny nflM he.eunder ~nd the full ~maw~t o~ exh c=.
+nd evwy sud~ psym~nt shall be im~diately dw ~nd p~y~bl~ and slyll bear in~erp~ iran tf~e date tl~ereo( uM:l paid at the rate pwided in uid noN ~nd topefi[~ ~
w~t? sud~ inhrest sh~ll b~ sec~rM bY IM 1~~ d fAis mwty~9e.
~ TAef wer1~YN. ~ey, et ewp 1i~ d~riwy 11» woet0ep~ hrw, awd in ila diur~tien, oppl~r (w r~nrwd eF wwtYo~ Yvorowly iw~vroee~ ee+~riw0 1iN
; ~a?~yop~ ~a~c~tA by f!N vwd~ryOw~ o~ w~w dot~ bv~,rith, pop tM preiwivnis dw by r~oww Nwrp/, ond rp~ir~ repor~nf hry tl» vnd~nqw~d ef
: ~uch onwvnri os or~ od~anced br wid wqrtyopt~. In tM e~ent o( fo~l~r~ br th~ ~nd~rspMd b r~pop wid oawuntt w wid ~w~OeON, ~utA (oil~r~ ~Aop ~
i b~ coesid~r~ o J~favh, oed otf p~onisions o1 tiN nw~ owd wwrtyope .~~b reyord ~o d~(avle sAoN b~ opplicobb. • r~=•
:,.n
; S. To pNm~r, coe~vn~~ or svfftr no waa~~, inpsir~nt a dNtriontion o1 said proprty. or any p~.t ~hereof. ~nd upon rM (ait~r~ 01 ~1w mwtppor lo keep ~M
b~nW~nqs on uid poMrtr in pood cond~tion of r~pair. Hw Mw~yaqe~ m~y d~nynd rM imnediat~ r~pe~r of s~~d b~itd~~ys, w~n increne :n th~ ~np~~ a/ ~w:h,, a
t!» im~d~N~ r~wrrrwn~ 01 dr deM he.ebp a~aw~d w~d tl» 1~~1u.~ d tM Mortp~qor ro complv w~M sa;d Mmand of tM Mwtp~qee for • pNiod of Mirh (70)
dars, shall consf~eu~~ • bracA• 01 fAEs rawtpaq~. «+d. ~t N» op~ion of tM Mon9+9N, im~d~~Nlr nwrw~ tM ~nr~r~ ~marn~ 01 p:nciW~ ~nd inrNae hereby
eec.,r~d, ind ~m.~e~~ar~Ir ~.~d w;thpA notie~, tM Mor?papN mnr imeiM~ poc~ed~nqs ro fa~clos~ th~s ma~p~ya ~nd pplp fw M~ ~ppo~n~rnene ol ~ Rec~~~e~.
he•e ^.i!~er , .^.rd ~ ' ~ ~
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