HomeMy WebLinkAbout0203 TO HAVE AND TO HOt~ the same, together with the tenements, hereditaments and appurtenances, unio the
Mortgagee, in fee simple, i
AND the Mortgago? cbes hereby oovenant with the Me~tgagoa that he is indefeasibly seized of said land in fee simpte,
that he'has fu11 power and Iswful right to convey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at a!I times peaceably and qtiietly to enter upon, hold, occupy and enjoy said land; that said land is free
from a!1 intumbranoes; that he will make such further assurances to protect the fee simple title to said land in the
Mortgagee as may reasonably bs required; ihat he does hereby fully warrant the title to said land and will defend the
same against the lawfui claims of all persons whomaoever.
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PROVIDED, AIWAYS, that if the Mortgagor shalt ~oay unto the Mongagee the certain promissary note of which the
following in words and figures is a hue copy, fo-wit:
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~ COAAMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIYIERA sEACH
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~nr#$~~~ ~D#p
~ Rrview? aewa+, KoR~a? July 31, w7 3.
~ bsinp ind~bt~d. fw vdw recciwd. tM w~den n~d 'pint and sevciall
~ g b r Prom~N a pay ~o COMMUNIiY fEDERAI SAVINGS I?A1D
IOAN ASSOCIATION OF RiV1ERA dEACH ~r its offia in th~ Gty of R'wiu~ Besch, Fbrida, w ordn, th~ ~wn of FORTY-SIX
~ THOUSAND TWO HUNDRED AND NO/1Q0--------------------- ~,s a 46 , 200 . 00 )
j roye~h~. wi+h in+~.~st eMrea+ u he~~inafu+ :~.,~a ~++~nh, ~+,~~.m. a Three Hundred Seventy-TWO and
~ 03/100------ oouwRS ~s 372. 03 n,~ r.sr ~t.u~m ,~,.u b. ao..~,a P,~,.a. o~ ~ tenth
~ d.r of December, ~9 73 .~a :~~.~+t ~~.~u,~r, ~»n b. .~a P.,,.w. o~ tenth
~ day oi each u+d every ciknd~? momh thenafrer until tM principd ~nd intaest ~n fuily paid.
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~ ~.uye? tums may b~ p+id at any time, bw the paym~nt of any such luya swns in additwn to the payments Fwtin req~rirsd shail
, not rdi~ve tM makKS of li» paym~nt of tM month~y i~st~llmeots Ixre~n provided fa, u~ku N a apecifiuHy stipulrtd by tht nwlcsn af tM
~~ms of payment tF+at svch laryer swns a~e to be +ppGed to the sdv~nc~ p~ymeM of the monthly installmenri Mxt maturkg in tl+~ wde~ a(
~ thew due d~tes. All p~yments enad~ ~pon this not~ sh~ll be applied fint to tlk payment of ~caved interat and secondly ~ipon tF~ principal.
~ Tl+a oblgation sh~ll beu inrenst from dat~ a~ tiy r~t~ of eight & one-half p~ c~ro 9G)
( per ~nt?um vntil the princip~l ~nd intsrest Y~ futly p~id.
~ Imerest fa each ukndar month sF+aI1 be ~ccrucd on the iirst d~y of :aid month M+d 6e computad on the unpaid blanu of princ~pd
and interest ~sist~ry on tfie Iut day of tM preced7og month_ This no~e sMll b~ cons~dered in default when ~ny paymer?t nqvir~d ~o be
~ made hereunder shall not have been mad~ within thKty days followiny Gq dve dNe ~nd shall r~msin in d~f~uh ~nfil said p~yment slwp-
` have been m~de. Whik ie dsf~ulr, th~s note ~shall bear inte~est the rne of 10'X. per annum in liev of the ~ate FwNnb~fore spec~fi~d,
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~ A(1 maEen ~nd endonen new w here~her becomirg p~rties hereto jamy and severaly waive denand, notic~ of non-p~ymtm aed
i wotat, and +pree that in the evertt of def~~lt in tl+c p+yment of sny ir?stallenent du~ here~nder the whok of said indebt~dness sMll therr
i upon ~t the option of tl+e hokier, become imnediately due and p~yabk, and if thit note beoomes in d~favlf ard is placed in th~ h~rds
~ of ~n ~norney for mlkdio~, fo piy muonable ~ttorneys fees ~nd al! o~F~ costs for m~kirg s~ch colkction. •
i Thts oa. m.Y b. P..P.id whok o. i~ p.,r n,nr ~im. w,n,,«rr pe~.Mr- (Corp . Sea1)
S/ Joseph Maggio (Seal) _ ~GIC.EN~ERPRISES, INC.
Joseph Maggio, Snd~vidua~,ly gy ; S/ Jos~e~
ph~~~~ _M_aggio ~
- ~ osepfi
ag
o,~res'iden~-`
f S/ Marie Maggio (Seal) _T~ .
' iMarie Maggio, Ind
vidually Attest:S/ Marie Mac~qio _
~ -~-~~~-Pf`rie~o;~ecretar~i-~~---~~ ~
(ll~s oote 's secued by ~ mortpape of even date execwed by ~he en~kers in fawr ol Con+nwnity a S~vi~g"s u+d lwn Assn. o Rivier~ seac6)
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~ and shatl promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
; covenants of said promissory rate and of this deed, then the estate hereby ueated shall cease and be nutl and void.
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! AND the Nbrsgagor does hereby mvenant and agree:
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• i. io ps~r a0 and sy~yulr tlr principal snd intaeaf ~nd otMr sums d monw papable bp v'ur~e o( uid paniasory nou and this mortyaq~, or ~it1+p, pro~pNy
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on IM d~ri nip~ct~ve~Y, t!w s~nr s~v~rdlr caw» du~.
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; To qr ~II ~nd a~nqular ~ taaes, asse~sm~np, lev~es. I~~I~~ies. oblga~~orn ~nd ~ncumbrances ol wery nature on u~o oescnlxd pop~rfy each snA every
! -.r?K* due +nd wY+~fe xco~d;r.y ro law. Eefwe ?I.ey become deJu~q~ene, and ~i rhe ~~n~ sh~ll no~ pe wompTl pa~d ~I+e Mw a -
r M 9ee may sr ~~y ~~~ce ei~he. be/o~e
~,r alur de4rq~erKr pay ~he samc w.thovt w~~v~nq w affectinq ehe opf~on to forecloye. a any ryht he~cvnde.. and cvdr WYmem » made shall besr inrerest hwn
~~•e da+e ~hcreof ar ~~.e r~+e pov.ded ~n u~d pan.ssay .w~e
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To 4ep the buwld~s ~nd all puipment p~d qrson~l propkty ~ww or hueaf~ on s+id pem:ses, co~r_ted by ~lHS mor~y~q~, insw~d in • swn ~t lesat
' eawl b tM unpaid bat~~ of Mis mptp~q~, inclvd~ny fin, eatended cova+p~ ~nd vsndslism and m~licwus inswanc~ ss M propeAies otMr fFw~ dwellinqt. ~nd
~ }~re, eatended cwar~ and speci~l iwm aher perils imu~~anc~ on dwrell
mu .nys eliqble fa wch brwdened cove._ie - prw~Eed, hovrerer, that wch ienur~nc~ b~ in
~ imo~wn svffici~nt ro camply with ~ny co-:mwmc~ rpvire+ne~fs to~e~rirp same w~d~r ~he I~ws of the fraN oi Fiorida, and proviAed /urther ehaf fhe policy a polici~a ~
; iR~ll bt wr:et~n in a comprnr a carow~s and thrar9A ~n ~penq ~stisi~erory to ~M Mwtq~qe~ and that ~id pot"~cy a pol~c:~s shaN b~ hdd py tM MortyspM ~
' •nd shdl bw • surdrd !Nw Yak MortpayN Cl~u?~ wi~ho~n canf'ribwion, makirq the lou ~wder s~id poticies p~Y~bb W~M Monppi~ ss ir~ inhr~st may sppear, ~
' and in tM e~t ~r swn ot ma~ey b~com~s WV~bb undrr ~ wch volic~r a Po~icies, rhe Mortyage~ sh~ll hav~ fM eWion ro r~uiv~ ~nd apply 1!w ~am~ on
~ xcow+t o1 ~M ind~6hdneas I+w~by s~cwed, or ro p~rmit Mr Mortq~9a to ret~iw ~nd u+~ ir, a aiqr pKt Mereof. for odrr pu?pos~a, withwA fMr~bq wsivieq
} « ~~~+9 ~Y ~W~~Y. I~en, w r
iyl?t Kds~ and bp virtw of this matpp~: and in fM sw~~ d+e Morrq~qor don.nor canply w~fA fh:s cov~nt, tM Mon9+9~~ a..
mar W+~e +nd Pw 1w wd+ insur~nu, a aMr prt Mweof. wiNiwrf waivinp p~HKINIq /M OpfiOn to («~c1oN. a~ny riqM t~ere.,~der ud Mr full snw~~~of each
s+d evw~ s~ p~rnrnt sf~all b~ i~diarcly du~ and pw~bl~ ~nd ~11 besr interosl tran ~he d~te thaeol ~Nil p~id at ~he rate povided in aaid noN ~nd to9ether
? witl~ sud~ infesest sk~1f 6~ s~cw~O b~r IM Iwn d 1lrs ~wwlq~y~. r.....
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- 1. TIwA Mr4aYN. ~o~r. e1 w~r K~ dwiiq 1M~ ~oA~o~ 1Nw, owd in ib di~cr~tioe, opplp fw rwv?d o~ wwpo~ yuwaMy iw~~ra~c~ coM?iw0 fA~
~wtOp~ ~uaA~d bp 11» vwd~rtpw~d ow ~ww doh h~rewifl~, por tM pr~rwivw~ dw br rwww tMrwf, o~d rpvir~ re~~w~nt bp tA~ vwd~rsioMd of ~ 1
~uch o~MS os or~ od~owced bp soid warlqoqN. In the ~~~nf of (oilrr~ bp tM vnd~~~iyw~d b ~~pop soid owwreM ro wid ~w/ooON. ~uch (eilvr~ aheN c._ ~
` b~ sewsiMr~d o deleuh, ond dl pro~nsiows o( d~e eot~ ewd wanyoq~ w:th r~pwd b d~foYlt ~Aolt b~ ooplicobb.
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` S. To permii, canmi~ a~ wffa ra wssu, imp~irwrnt a dN~riwnioo of uid wop~r~y, a~ny van ther~o/. and ~won +M I~ilw~ ot tM mwtyaqpr b k~ep tM
' b~Id'irg~ ow ~aid prop~r~r in pood tondition of rpair, tM Mwtq~q» rnay d~nd /M imnedi~re r~ir of said 6~i1Q~ny~, w~n inv~aN in tM~ .~mp~nt of Ncwiey, w
i Mw f~daN ~p~ynwne o/ Ny d~bt MrebY u~cw~d w+d fM t~ih+n o1 Nn AAwty~ya w cwrw~Y w~M said d~nw~d of ~M Mwtq~pM fw ~ p~riod of ffiinp f701
d~y~, shatl cautitw~ • bread? of tlr~ mwtpp~, and~ ~t eh~ op~~on ol t1~ A6wtyapN. ~wrn~6ateM nrlw~ dr ~nt~ri MnanN d princip~l ~nd in?~re~t her~bfl
s~cv+~d, a+d ~m.~e3~~~~t~ ~+d w~thaA notin. M» Matp~qN mar imriwa pocNdmys ro/or~loss tA:f monpap+ ~nd appy ior 1M ~vDpnrrne~t of • R~c~~~n. n
~ ~~.~..~t~er pro.:ded . • . .
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