HomeMy WebLinkAbout2573 TO HAVE ANU TO HOID the same, together with the tenements, hereditaments end appurtenances, unro the
Mortgagee, in fee simple.
ANO the Mortgagor does hereby covenant 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 afo~esaid; that it shall be lawful fo? the
Mo~tgagee at all times peaoeably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from al) intumbrances; that he will make such funhe~ assurances to protect the fee simple title to said land in the
Mortgagee as may reasonably be required; that he does hereby fully warrent the title to said land a~d will defend the
same against the lawful claims of all persons whomsoever. '
PROVIDED, AIWAYS, that i/ the Mortgagor shall psy unto the Mortgagee the cehain promissory note of which the
fotlowing in words and figures is s true copy, to-wit:
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION . OP RIVIERA BEACH
~~r#~~$e ~o#e
RIVIERA lEACN, FLORIDA a7L11y 1973.
seinp i~+debted, fw v~lue received, tM w~dersprnd jointly and uverally promis~ to pay Io COMMUNIiY FEOERAL SAVINGS AND •
LOAN ASSOCtAiION OF RIVIERA BEACH ~t its offiae in the City of Riviera Beach, Florid~, or adK, th~ awn d Fp~y THOUSAND ~
~
AND NO/100------------------------------------------oou~sa 40,000.00 ~ ~
( ?~~h.. w~ Mk.~:~ ~ n~«;Mr,e. s~.,~a M~++«+~n~,? wui~.m. o~ Three Hundred Twenty-Seven and ~
I 15/100------~w,uRS cs 327.15 Tht fint irnt~lleneot shdl be dw and payaW~ on the tenth
day of January 19 74 ~nd subs~quent ieutallmems sl»tl bt dw ~nd payabl~ on tenth
day o( each ~nd ~very cdendM month thcr~+fier until tl+~ princ~pal ~nd interest a~ fully p~id. i
~ l~rpcr s~ms may be p+id ~t any Y~me, but the payment of •ny such larger wms in additEon to the paymcnts hersin rtqv"ued sMU
not .tlieve the en~k~rs of the payment of the mon~hly installment: hereEn povided fw, unku it is specifkally :tipul~ted by tM m+ktrs at the j
t~me of payment that such lar9er sums arc to be ~pplicd to the advsnce paymenl of the ma+thty iro411mcnts ne:t m+t~rieg in the wd~r of 3
tF+eir due dates. AII payments made upon this note :hal) be applied fint to th~ payment of ~cvued interest ~nd secondly vpon the princip~l. #
i
ihis obliy~tion shsll bear interest from date ~t the r~b of Seven & seven-tenths pa oMt ( 7,. 7 3
per ~nnum until tFN printip~l ~nd interest u! fully p~id. . ~
Imerest fw each cskndar month sh~ll be acuued on the f~rst day of said momh ~nd b~ computed on the w~p+~d bal•r,ce o~ pr~~c~p+i ~
and interest existinp on the Isst d~y of tht precedi~ month. Thii notc shall b~ conside?ed in default when ~ny payment rpuired to bt ;
made FKrevnder shall not have betn made within thirty days folbwiny its due d~t~ and iMll rtm~in in d~f~ult until said p~yment sh~M :
Mve been made. YVhile in default, th~s ?wte shall bear i~tertst at the r~te of 10'lb p~r annwn in licu of the rat~ hereinbsfor~ spec~fi~d. ;
All maken ~nd endonen oow or he?eafter becom~ny p~rtia hereto joinfly ~nd severstly waive denand, notwe of ~wn~paymem ~nd '
p~ot~st, and apree that in the eve~t of d~faul~ in the p+yment of any i~utallment dw hereunder the whole of aid ind~btedneu sMll thers- !
' upon at tM option of the holder,' become imm~diate~y dve and pay~bk, and if tFws nofe bccomes in d~fault and is plsced in ths hands ;
of an anwney fw colkdion. ro p~Y reason~bk ~ttwney
s lses ~nd al) other cosn for m~kinp i~ch colkction. ~
j Thi~ rats m~y bs pepaid in whol~ or in parT ~r any rimt wnf~o~r? P~^+hY. F
i S/ JOSEPH DEL ~NTE _ {
_ ~
! ~ Joseph Del Ponte
~ :
.
LILLIAN DEL PONTE
~ ~ Lillian Del Ponte
~ - ---------~ts~w
~ (ilas note is secured by a mor~pape of even date e:ecvted by ~he rn~ke.< in fawr of Commvnity Fedenl Savinp's and Loan bsn. of Rivier~ deach)
~
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.
AND the Mor~gagor does hereby covenant and agree:
~o wr +n and s~n~+r x» w~•~c~w~ .ne imera/ w~d otMr swm d monw D+nabte by vinw oi said wan~ssaY na~ +nd this mortq~q~, w~itlw. V~~P?~Y
on ~M d~ys re.qcrively, tht san,e s~varally cwr dw.
1 io pafr all and s~nqula~ the Haes. assessme~ls, lev~ta. Irab~l~r~es, obl~q~t~wis ~nd ..~cumbanccs ol tiesy naru~r on sa~a ueunbed proper~y e~ch and every
~ wfien d~e and pay~Ale xcwd~nq ~o law. befae rhey become deh.q~en~, a.~d ~f ~he ume sMll no~ be ororry,~ly pa~d tAe Mr,rtq~qee may at any t~me e~~1+er bete~e
~ w ai~e. d~Lr.p~encr wr t~ same w~eho~ut w~~r~nq a a(lec~~nq tAe opf~on ro foreclose. w anr r~9At hercvnde.. and cve~r wr~+r so made sMll be~ ~nrerest irwn
~ 'he da~e ~herep( ar ~he .are pov~ded ss~d pomnsay no~e ~
~2
~ To kep the buildnqs ~nd all pvipmenf and person~l poptrryr now a h~reahn on as~d p~~miscs, cor~red bY ~his inorty~g~, insw~d in • swn H least
~ epwl b the unpa:d ba4nc~ of Mis mwt~q~, inclvd:nq fire. ea~ended covaag~ and van~slism and mslic~ovs inswance as to popert~es otMr N~r~ dw~tlinqt. ~nd
fire, ~~tended co~rers~ and specisl iam oMer peri~a irow~nc~ on dwcllinqs ~IiqDl~ }w such broadened covN_n - w~~ded, however, rl++~ svcA insw~nc~ b~ in
~ ~rno~x+t svi(icwn? ro cornph witA anY co-irowanc~ ~p~iram~b coverinp same wwlN Mr Iaws of N+e ;ut~ of Ffwida, ~nd prov:ded 1wtMr ehat the policy a pol~cNs
~y ~hatl b~ wr~tw~ in a comprny w companiti wd thro~qh an +ye~cr sat~sf~cwry to fM Mwtpsqee and th~t u~d policy or poliews slwll b~ held by tM Mor~ysq~e
s~d ~11 bsw a s~and+rd New Yat Mwty~q» Ctwa~ witl+ovt contribufion, ma4irp Me bss wder s~iA pO1NiH piY~M b t11f MOrfy~l~ ~s ils iMant m„r ~ppeK:
~ ~nd i~ tM ereni ~ny swn oI ma~er becomes pay~bl~ w+d~r ~nY su~h policy « pohc:es, tAe Mwty~qe~ sMll hav~ tfr option ~o reuiw ~nd applr Mw ~arM o~
~ sccow~t o~ Nr :~~dneis hereDy secw~d, w w pennit tM Mbrtq~qor b recei.r~ ~d vse ~t, or u~y put thereof, iw oNKr pupoa~s, witl.oul M~reby w~ivirq
a i~W~uM9 ~Y ~W~~Y, lien, o~ rigM w~d~r and bp virtw of ~is mort y~por dots not co~ply wilh M~:s cownant. 1M Morl~g~~
~ 9+9~: ~nd :n Nx evenl the JYlort
wwY pl~c~ snd p~y for wch imwanu, o? snv Wrt Nrreo/, wid~out w~iv;rq a~ff~ctiny fM op?~on to fw~cbse, a ~ny riyht lmreunde~ ~nd tM full w~ouot oi e~lr~
p-' ~nd evwr such p~ym~nt shall bt inrMdia~elp dw ~nd p„r~We ~nd sM11 bear inlerd~ fran the d~~e tMreof un~il paid tAe rate provided in ssid noN ~nd to9tlhf~w
wit` s~ inrerest sh+ll b~ secureo bY IM Iwn o? this rwwtq~q~. /~~i J,
~ 1. iA~f ~orpsON. ~op, of ewp IiM dwiw0 M» ~oAqo~ br~. owd is irs diur~tiow, opplp }o? r~w~wd oi iwrt'Yo~ Yuwawhr i~swa~~ sew?iw~ ~
.w.qeo. •~.c~.d br 11» w~d~.sipw~d ow ~tin dofe k~r~itA. pop tM pren~ivr~ dw bp rwsow tA~r~of, owd rp~ir~ r~pop~wt bp IM rwAKri/Md e1"~
~ wtA e~ovnfi os or~ ad+onced br soid iwortpop~~- In 11~ er~n1 0l foil~r~ by tM vnde~~ipn~d b~~pop wid owo~eta b wid worlooON, wtA (oilrr~ ~
~ ~ cow~id~r~d o de(ovk, ond dl prmrisiowa ol tIN woN onA wo~fpop~ riM repard 1o d~/odt ~AoN b~ opplicobl~.
~ S. To pKn+~t, eonwn~t a wffu no w~sq, imp~~r~m a d~N~~waf~on d uid o~~fY, a~rw pu~ ~M~~e/. ~nd ~rpon ~M f~~lvr~ of. tM eno.fqrqw w k~p AA~ ~
~M
y,;~ b~ild~nys on a~id papwty in pood eond~tion of r~p~ir, IM Mortq~pN m„r d«ernd tM inunedi~a r~~r of s~~d birild~nq~, o~ an :iw~~ in tM ~wwunt of a~cw~~y, ~p
tM imm~di~h r~wt~M of Nw d~b her~M s~cwed M+d thi f~:lur~ ot tM Monp~pw to co~wM •vG~b sa:d dertind d~M Mw~p~p~e. ta •.O~riod of flwM
~ davs, sha11 eoenrirw~ M~eh d rhia mwfqpa, aed. ~t th~ op~~on of Nr Morty+pw, w~rn~d~~Nty rnafw~ tM ~ntir~ ~rrw~w~t o! Or:neip~l ~nd inNns~ har~
~ secured, and imn+t7~~t~ly and witlaN noliu. tM Mwtp~yw mnr imtihM poceeduqs to Iw~clos~ this matp~p~ and pply fa tM •ppointrrwm o~ ~ RK~ivN. ~f
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