HomeMy WebLinkAbout1706 . ,
TO NAVE AND TO HOLD the :ame, togelhe~ wilh the tenements, hereditaments and appu~tenances, tmto the
Mortgayee, in fee simpls.
ANO the Mortgagor does hereby oovenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full~ power and lawful right to convey said lar?d i~ fee simple as aforesaid; that it shall be lawful for the _
Mortgagee at all times peaceably and quietly to enter upon, hold, octupy and enjoy said land; that said Isnd is free '
from all incumbrances; that he will make suth funher assuronces to protect the fee simple title to said land in the
Mortgagee as may reaso~ably be required; that he does hereby fully warrent the title to said land and will defend the
same against the lawful claims of all persont whomsoever.
PROVIDED, ALWAYS, that if the Mortgagor shall psy unto the Mortgagee the cenain promissory note of which the
following i~ words and figures is a true copy, to-wit;
~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVtERA dEACN
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~ ~IIrt~M~E ~D#¢ :
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~ RIVIERA OEACH, FLOR~DA JLI~.l/ 19 7 3.
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" l~in~ indebr~d. fo~ v~lve received. tM wwkrsgntd iantly and scve?alty promis~ to pay to COMMUNITY FEDERAL SAVIPI~S ANO f
~ tOAN ASSOC~ATION Of RIVIERA 6EAtH st i~s offio~ in rhe City of Rivieia 8each, Fbrid~, a ader, th~ swn oi THIRTY-NINE
! THOUSAND AND NO/100-------------------------'-"""~?~1~39,000.00 ) '
; roperh~. wiel~ in~e.es~ rFwea+ u herein~hn s~ued in ma+thhr ~stdlnwMs of TWO Hundred Ninety and 75/100--
-------------0oluRS cs 290. 75 ~ n» f~nr irat.llmem sl+.u b. dw sna P,r,ba on the tenth
! a.r of August ~973 .na iubspve~+t ~st.umenn sh.u b. d~» :na P.,,.ble a, tenth
d~y of each ~nd every c~kndar mont6 thenaha vntil tM pincip~l and interest an firlly p~id.
l~?pcr iums may be paid at ~ny time. but the payment of •ny such lar9er swns in add~tion to tM paYments here~n mqvired sMll
rwt relieve the makers of the p~yment of the mon~hly i~ntallments herein provided fw, unku it is specificallr st~pul~ted by the mak~n ~t the
~n
r~me of payment that svch tuye~ sums ~re to be +ppl~ed ~o the ulv~nce payment of th~ monthly installmenn n~xt en~tur'ug in th~ order of
~ iheir dut dates. All paymenn made vpon this note shall be spplied fint to th~ p~ym~nt of ~ccrved interest and secondly upa~ the Pri~ips~-
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Th~s oblgstion shall be~r in~erest from date +t the r~t~ of Seven and S].X-tenths pa cae~ ( 7~ 6
' pe. .nnum umil th~ princip+l u~d inrerest an fvlly p~id.
Inrenst for e~cA ukndar month shall be xaued on the fint day of said month snd be computed on the unpaid Mlana of princip~l
~ ~nd inrerest existiny on the'lut d~y of tM preccdirg month. This oote shall b~ cons~dered in defautt whtn any p~yment required ro be
; made hereunder shall not h~ve been m+d~ within th'wty days folbwiny its due da» and sh~ll rsmain in def~uh until s+id p~ymcnt shdl
have betn msds_ Whik in default, th:s note sMll beu inter~st at tF~e rNe of 10'X. psr annwn in lieu of the r~t~ hs~t~nb~fae specifi~d.
All makers endasen now or hereafter becom~ny p~rties hereto joi~~ly and uvenlly w~ive densnd, notice of noo-p~Y~*rom +nd
! p.ot~st, and s~re~ th~t in the event of defa~lt in the psYment of ~ny inst~llment dw fiereunder the wholt of said indeb~edness shall there-
~pon at tht option of ths holder, become imnediately dv~ and p~yabk, and if this note bccomes in defavlt snd is pbced in tFr hands
of ~n •rtorney fw wlkction, to p~y ?easonable attorney's fees uid all o~her coars for makieg such colkction. +
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~ ihis no~e may bs pnpaid in whok a in Pan ~t any ~irrk w'nhwit. pa?~hr. .
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~ - - . : . _ o ~.~r D . cx~Errwoon ,_._..cs~?u
~ _ Robert D, Greenwood '
-ts~?u
~ ~ . , HELEN - S . . GRE~NWOQD --------__cs~?u
b Helen S. Greenwood
~ ; - - cs~?u
~(This note 's secued by • mort~ay~ of even date executed br the makers in fawr of Com~ewnitp Fedttal SavinQi and Lwn Assn. of R'niet~ dead+)
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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 shall cease and be null and void.
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AND ihe Mor~gagor does hereby covenant and agree:
lo pay .n and .:n~+tr w~nc:oai .nd internt and WMr swm of moneY Wliable bp virtue o( s~id wom~swry note and thia mwt9~~, a eithw. W~~P~~Y
c.~ tM d~ps r~sp~ctivelr. MM s~mt tMr~lly Cowr d~~.
7 ~o qlr all and s~nqul~r the 4:n. ~ssess~nenis, lev~es. I~~E.I~~~cs, oblganons and rncumb+rxes ol rve~y narwe on sa~o oexnDed poperry eKA snd evtry
~ ,.tien due md para~le xcad~nq ~o law, be/ae ~heY dr4.puen~. and ~f ~f~e same shall not be p~o1np~ty oa~d rhe Morrqiqee may sr any hme e~tAe. be(we
p~'+ afee. del.nq~encr P+v s~me w~~ho~~ wa~.~~q w alfec~~nq ~he opt~on to lwectose, w anv n9At Aerew+dtr, and r+ery paymem so msde sAsl~ besr ~nteres~ from
r,~ pom~sidy nWt . .
~•e rf.ereof ar rAe .a~e wo.~ded ~n sad
3. To kep tAe bu~ldin4a ~nd atl pvipment ~nd perwna! poperty now or h~re~iter on said p.eTius, co.rwred by this mwtqy~. iesur~d in • swn at leasf ~
u eowl ~o Iht ~npaid b+lanc~ of tlwa mortyape, incl~d~rq fir~, •~teided cover~ge ae~d vandal~sm ~nd mdic~o~rs insu.ance as lo p~ope~t~es ot1~ ~h~n dwntlinq~, and ~
`J~ f~re, e,~ended cov~~qe ~nd sP~cial /orm afier prils imwanc~ on dwelt~nqs ~liqible fa such brwdened cover_~e - provided, however, that wd~ inswanc~ be in ~
~ ~nx.unt s~A(iciant ro conwN wiM sny co irowa~+c~ r~Wirements cweriny ssrn~ unde~ rM I~ws of Me ;ut~ of Florida, snd wovided furMer tMt the policy a pdici~s
~4 ~hatl b~ wr~tNn in s cow~P+~Y w coTpanies and thro~ryh ~n ayency satis(actorY ro tM Mwty+9ee anA tkM s~id PdKY w P~iciea sh~q b~ hcld by tM MoA9~9N T1
~nd sMll ber • st~ndard !Mw Ybrk Mwt9+9~~ Ct~~ wiM~ou~ connibvtan, mslcirg the loss w~der ssid polrcies paYabl~ to tAe Mwtqpe~ ~s i» intaar mry aqxx; V
~ jr.d in th~ evem anr uwn of montr becanes WY~ble ud~r ~nY wcl~ Volinr or Pofie:et, tAe Mortyaye~ shsll Mw tM ePr~on ~o ~eceivt ~nd +DdY /M s~ne on Q
accow~r of the 'rnd~btedness herebY secwd, w w permit rM Morrq~qa to receive and uu it, w any v+M thueof, fw other PuG~~, withaA thar~b7l wsivin9
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~ or :mpa:rin9 whr equih~. I~e~. w ~:ght unda~ ~nd M v'atw ot dda ~nw~y~ye: and in the eve*+f ehe 1Nor~g~qw does not tonwh witA t~us covenant, tM Mwt9a9~+ ~ ,
m~~ pl~c~ aid V+Y for wch im~wance, a rw P+A Mereof, witlwut wa~viny p~~fK}My 1M oWM11 b IpKbft, a~nY ri9ht hereunder ud N+e }vll rrw~~+t•of exh ~
~ x.A ev~rr s~ paynrn~ ahatl D~ imn~dia~ely du~ ~nd patr+W~ ~nd sh+ll be~r inlerest lran il~e d+te Mereof until p~id N the rate provided in asid noN ~nd 109~~ ~
en
~ w~tY s~ inures~ shsll E~ secw~0 bY A~e l~en d lhis ~wwly+ye. ,
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4. TMt wortyoq~~. e1 aw~ ti~ drriw~ tM ~wtOo~ 1N~, owd ia ies di~crdioa, applp fw r~wwrd of ~ay~ yvwaMr Mw+~we~ to~ri~Y IM c~ in -
~ wwrtoo0~ ~:~tv1~d br IIw ~wd~nipw~d oe ~~en do/e Iwre~?ith. poy fM prew~iviws dw b~r rwwn fh~reoF, oad rpvir~ rtpapw~wf bp fl» vwd~n+pn~d ol
~ucA mwrnb os w~ od~?awce3 bp wid wwtOo~e~. In tAe ~•en~ ol foilun br tM ~nd~nipw~d b r~pop wid o~nM b wid ww?qoON, soch (oilvr~ ~Aoll
~ b~ cowsid~r~d a delonh, owd dl prorii:ows o( NK woN owd ~wrt9ope with repord ~o d~(ooh sAoll b~ epp~icobl~.
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~ S. io pMn:if, cornrut w wHa no wna, ierp~i~wwnt w deNr:orHion o~ uid prop~rty. w arw p+~t ~herwf, N,d vpon ~M f~il~~ of tM mwt9aqor b k~tp 7M .
build~nqs on s~:d pop~rhr in pood cond:tion d ~p+ir, tM Mwp~qM nrp d~nd tM ~mnedut~ rep~ir of taid britd~nqs, a an incr~~se in M» ~maw~t ot wcuritY, w
~-3 rh~ i~a» r~wr~~ of tM deb her~M wcv?~d and tM isihw~ of tM Morty~ya b co~ndr w~N~ said d~nd o/ ~M Morfyp~e, fa • p~riod of . tAiM? p0) :
`~Y dars, sMll eantihM • brt~eh o/ tlws ~~9+9~. ard. ~t tM op~ion of IM Mortq+9M, i~wn»d~~N~Y en~tu~r~ t1r Mtir~ wno~+rM ot o~:ne:p~l wd in»ns1 AutM
~h sec~.ed, snA ir+,r~e~~at~ly ~nd wi~Aar/ nbtin. /M Morty~qN map imtihM p?oc~tdinys ro(a~clos~ this maty~p~ ~nd apph for tM sppointment oi • Rece~va. ~s
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