HomeMy WebLinkAbout2562 TO HAVE AND TO HOLD the same, togethe~ with the tenemeMs, he?editameMs and appurtenances, u~b the
Mortgayee, in fee simpte.
ANO the Mort~agcx does hereby covensnt with the Mortgagee that F~e is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful ~ight to convay said land ir, fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said la~d is free
from all incumbronces; that he will make suth furthe~ assurances to protect the fee simple title to said la~d in the
Mortgagee as may reasonably be requi~ed; that he does hereby fully wa~rant the title to said land and will defcnd the
same against the Iawfu! clsims of all persons whomsoever.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the ce~tai~ promissory ~ote of which ihe
following in words and figures is a t?ue copy, to-wit:
~ COMMUNITY FEDERAL SAVINGS AND IOAN ASSOCIATION OF RIVIERA BEIICN
I
~IIr#~tt~P ~D#~
RIVIERA BEACM, FIORIDA JL11y 1973.
~
~ 6~inp ind~bt~d. fa v~lvt receiv~d. tM wKknpmd 'pinNy snd severdly promiw ro p~r to COMMUNITY FEOERAL SAVINGS AN~
IOAN ASSOCIATION OF RIVIERA dEACH at ib offiat in N+e G/Y of Rivis~~ B~ach, Flwid~, w ad~r, the swn d FORTY-~'I~
THOUSAND AND NO/100----------------------------------oaw~sc~ 45,000.00 ) `
; w~~+ ~~k.K+ ~ti.~+ ~..~M.~,.. s~.~ed ~ ~tnti ~t•iu,~.m. of Three Hundred Thirty-Eight and
~ 3
; 43/100-------~s cs 338.43 n+. f~rst ~n.+.~~nxn+ st+.u b. a~. a~,d P.y.b1. d+e tenth ;
i ~
; day of December ~9 ~]3 +~d ~~9~t u+st~llments sh+tl be dw snd p~Y+bl~ on tenth
~ day oi each ~nd every c~kndn mo+nh fher~afia until tM principal and interest an fully p~id. ~
~ L~r~er sums may b~ p~id at any Yime, but the paymeM of sny such la,ye? swnt ln addition to tM paYments herein rpuirsd shall ;
not relieve the mak~a of tlr p+ymcnt of the monthly installments hereln providcd fa, unku it is sp~cificaly stlpubud by the en~ktn ~t tM
j r~me o/ paymcm that such luper sums are to be applied to the ~dvance payment of the monthly installmeori Mxt m~fwinp h th~ ordn of :
~ ~he~. du~ dates. All p~yments mad~ upw~ rhis note iFull be applied fint to th~ payment of ~ccrued interesl and s~condly upon tFw princip~~- 5
` This obliyation shall bes~ interes~ from d~u at tM ran of Seven & seven-tenths w~ ~ c 7. 7 ;
~ per ~nnum until tFk princip~l and interest ~n fully paid. ~
j Interest fw each ukndar month ihall be +cvued on the fint day of :aid monlh ~nd bt computad on the ~npaid bs4nu of pinc~pal i
~ and intcrest ex~stirp on the lut d~y of the preced~ng month. Th~s note shall be cons~dered in default when ~ny payment rpuNed to b~ {
;~r,ade herevnder sh+ll not hava been rrwde within thirty days folbwinp iti due d+t~ ~nd sMll remain in d~(wh until s~id paym~et shrll
have bcen made. While in dsfaull, th~s note sFull bear imertst at th~ rate of 10% ptr annum in li~v of th~ r~ts Fw~inbefore sptdfwd.
; All maken and endor~en now or hereafier becom~rg puties heroto jo~~tly ~nd severally w~ive dsr+and, notiu of norrp~yment +~d
! protest, and ~pre~ th~t in the ~venr of defauh in the p~yment of sny iraT~ltment dw tureundK the whok of said iedebudneu shall thero-
~ upon ar th~ option of the holder, beconr ior+~ed'utsly due and pay~bk, +nd if tiws note beoomes in defwlt and is plxed in tFr Mnds
~ of ~n anorney fw colkction, to pay re~sonable ~ttorne~I~ fces and all otbec costs for makin~ such collection. .
I - - ~ -
~ Th$ note m~y bt pr~p~id in whpl~ or in paA N an~ rime witho~n. P~^~h~r• - ~ ~ ,
t • - ~ .~~----._S~.BY~:~E R ~ PARKS (SEI?U ~
~ '
! ` ~ Orvi-lle R. Parks " v,Y_ ~
-ts~w.
~ I _~__.~4UL~ I3E T. ~.~_.---------------~w
~ Louise T. Parks
-_-.---------------~--------------~sewt) ;
(ifra note a secured by • nanpaye of evee date execured bp ~he maken in fawr oi Conununity Fed~ra! Savin~"s and loan Aun. of Rivier~ Bead?) ~
's
~ e
3
and shall' promptly perform, comply with, and abide by each and every ihe 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.
AND the Morigagor dces hereby covenant and agree:
1. Io ps~r dl ~nd +in9~l+r ~M p~nc~P+~ and intwest and otMr swro d awney phrable bp virM of s~id Won+issory ~wte and this morsy+0~, a ei~. WanP?h
cn rM d+» ~~swc+irch, tM sanr aw~rallp cowr du~.
= To O+f ~11 ~nd s~nqulr ~he ~a¦es. +ssessmcros. Itv~es. I~abl~.~es, oW~qat~om ~MUmb/JMtf of r,.ery ~a~we on u~o oeu~~bed O~oo~~ty ~~cA snd every
..hen due and pay~Ele xcwd~n9 ro law, befpe ~hey beco.ne del.rpixnr, ~nd ~t rhe s~me shall no~ be w~p~ly pa~d rhe Mwt9a9ee inay st ~ny ~~me ei~her be(ae
c. ~I~er de6nqvencr D+Y rAe same w~thout wi~v~ny a affece~nq ~Ae opnon fo foreclou, a a~+r r~qh~ hercundc~. and everv pavmen~ so rnade ihall bea~ mrnes~ irom
~tie dart thereo( at ~he ~a~e p.w~ded m u~d pomnsay nae.
; ~
To kep tM b~ild:nqf and ~II puipment ~nd pNSOnaI properM now or i~wea(ter on said pernises. cowred by +his mwtqaq~, im~wed in a swe ~1 k+st
eqwl a Mt unpaid b~taru~ of Hrs morl~s~, inchid:eq fir~, e:t:nded cover~ge ~nd vandalis~n snd m~l:c:«n inswance as to pope~tid orlwr tlw~ dwdlieq~, and-
~y (~re. ~xtended cmr~r+9~ and +M~~+1 1wm wher D~rih i~ranc~ on dwellirqs eliqiEb (w svcl+ bwdened cove._.~e - Drov~ded, howwe?. tMt such im~x~nc~ b~ in
~ amo~nl avlticient fo complY with anr coinswanc~ rpuiremenb coverinq sarr» undw th~ I~ws of tM of florid~, and provided fwMer Nyt the policy a polities
ahall be w?in~n in a comOtny a companies and Mrwid? an qencr s+fisiurory to ~M Mlwtqsy~~ ~nd Mrf s~id policy a polK:~s sMN b~ I+eW by N» Ma~pspee
~ snd sh~ll bur • st+ndrd N~w York Mwtyp~~ Clwn~ withow coMribution, rnakieq ~ht bss under sa:d pot.cits plr+bb w~he Mwtp~pe~ a in intae~f mry ~ppex:
ui
and in eM ~ven~ ~nY awn o} nwney becan~t Wl~abb vnd~r +nY such DdKll ar policies, tM Mwtq~qe~ shatl Mv~ eh~ ePtion to r~ui~ w~d +pplT IM sain~ on
account o/ da ind~W~dneas henb~r secw~d, a ro p~rmit eM Ma~qaqw ~o receiw snd us~ it. a sny pxt tAxeof, for aMr purpos~s, wi~hw~ tlwteb~r wi~vinq
s~ or ~rn0+~~irW +nY W~+~M, (ien. a riqM wMl~r ~d M virh» of tha ,nor~pp~: and in ~ht ewm the Mw~q~yw dws nof caePN wiM~ Acis cowunt, th~ Maf9~q~ ~
~ mav pIK. «~d wr fw auch inswance. a ww P~ M~reot, wid~ou? wsiviny a~fi~ctwq tM eWian to /or~cbw, or w~ r;pht Aerwnder ud the fvll ~ena+M of enfi
~ ard evwY sud~ WY~rwN +1w11 b~ inrmd:atcly dw and P+p~bM and shall be~r inleres~ from ~f+e d~te tl+ereof umil psid ~t Ihe rate provided in ssid noN ~nd /o9ed~ A a
~ witl~ suCA inlt/est shall b~ sKw~O bY IM b~n d 1l~i~ enwty~y~. ~r
~ ~
~ 1. TMN ~orppM. ~ep, et ew~/ 1iM dvrwq fM wsAOa~ N~w, oed in iM d'rttntion, opplr }ei nw~wd oi ~erfYo~ Yvwewyr iwwrowu sewriw~ IM
y~,~-,. wwrpp~ ~a~cvl~d bp ~M ~wd~rsipMd ow rrtw dot~ Mr~wriM, pop t!w p~erwivwn dw bp r~oww th~rwl, awd rp~ir~ ~~poy~wf b~r fM w~d~?siOn~d el /I^
~ c~ch ewwrnb m an oManc~d bp wid wortyo0e~. In tbe e~ent of (o~lvr~ by tM ~nd~rapn~d b r~poq wid o~woeM w wid ~wrpooM, wcA foi~n ~ell ~
~ b~ cowsid~r~d o ddooh, awd dl prori~iow~ 01 tM wof~ awd ~o~tyope ~~fA reQord M ddodt ~AnN b~ opplicobb. A'
r~i
s
~ S. io p~rmit, ca~n~t a wHN ne wasN, i~~rr~nt a d~.~w~tan d s~~d p.ow.N. a~ny p+~t Nww1, and uvo+~ ~M f~ilun of k~ mortypor ro t~ap -N» O~G
~ b~ild~nq~ on uid prop~rty in pooA cond~tion of rpair, tM Ma~p~qM nup d~wrnd tM inn~ed~u~ reWir o1 s~id pv~ld~.gs, w M if1[JNN in N» Mna~nt o1 wcwinr, a O~
tM inrmdi~» rp~ynweM of tM d~M Iwr~bY s~cw~d ~nd tM 1~ilun o/ IM Mortq~yw ts 't+o~nDh wiM Nid d~nd d tlr Mo?iyp/e fw ? pKiod of thirryl (30) .
~ d~v+, sMll cons~~?:,n • b~ad~ 01 this mwtq~qe, ad. ~r t!N qpion o1 du Monp~yM, irwrn~duah mn~we ~M «+t~n ~nwum of v~incipd ~nd inr~ns~ ha~~b~r
~~c~red, and imme~~at~ly ~nE withoul nofiu, tM Morip~y» enay instiNN poeNd~nys M/a~elos~ this rnwtp~p~ ~nd apptp for tM ~ppo~n~er.~nr o1 • Rec~~~N.
.aftrr pro~.:~ed
~
w~„ ' ~
~"~.~~~,'~,a~,~..:=+rJ,.r_,. -r~ ~,~_s _ _ _ ~....~-~"~..sa~:~