HomeMy WebLinkAbout0212 TO kiAVE AND TO HOLD the same, togethe~ with the tenements, hereditame~ts and appurtenances, unro tfie
Mwtgagee, in fee simple.
AND the Moriga~or does hereby oovenant with the Mortgagee that he is indefeasibly seized of said land in fee :imple, F
that he has full power and lawful ~ight to convey said land in fee simple as afor~said; that it shall be lawful for the ~
Mwtgagee at all times peaceabty and quietly to enter upon, hold, occupy and enjoy said land; that said land is f~ee ~
from all ir~cumbrances; that he will maka such fuNher ass~ronces to protect ~ the fee simple title to said land i~ the ~
Mortgagee as may ?easonably be required; that he does he~eby fully warrant the title to said land and will defend the
sarra against the lawful claims of all persons whomsoever.
PROVIDED, AIWAYS, that if the Mohgagor shall pay unto the Mongagre the ce~tain promissory note of which the
folbwing in words and figu~es is a t?ue copy, tawit:
~ ~ COMMUNITY FEDERAL SAVINGS AND IOAN ASSOCIATION OF RIYIERA sEACN
~~IIr#~a~8 ~O#E
R~view~ sewet+, Ftati~~ July 31, ~0 7 3.
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' d~iny ind~bt~d, for v~lue ~ecsiwd. ti~ w~denpnsd jo;ntly snd severally promi~e to p~y to COMMUNITY FE~ERAI SAVINGS M10
tOAN ASSO~IATION OF RIVIERA 6fACH ~t its offio~ u? the Gty of R'nie?~ 8exh, Flwida, or ord~r, t1K swn of F'Qj~'Y-$jx
THOUSAND TWO HUNDRED AND NO/100---------------------~ p 46 , 200. QO )
j roperhe~ w;th int~resl th~reon ai h~reinafM~ ~~.~u~.~. o~ Three Hundred Seventy-Z'WO and
~ 03/100------ oauRS ~s 372. 03 ~ ih~ f'rst i~st~llenent sh+l) be dw ~+d pay~b4 0~ ~ tenth
1 a.,, ~ December . 19 7 3 ,,,d ,~„e,,, ~„~,.u~,,,~~, ,h,n b. ~nd p~yab4 tenth
~ d~y of ~ach and ~wry ukndar mooth ~hereafter until tFN prindp~l Md L1tNKf i!~ f{III~/ -
j l~rpe~ sums m~y b~ paid at any time, but the payment of ~ny such Isr9er s~ms in addition to 1M p~yments t+ereie? requirad sh~ll
1 rot r~lieve the maktn of the p~yment of tl~e monthly iro~alknenn herein provided fw, unkss h a specific~lly sripulated by the makm at tM
~+une of payment that svch luper sums are to be applied to the sdvance payment of the monthly installmeats rnxt ~natwi+g in tM order oi
rheh dw dates. All payments mad~ vpa? tha note ih~ll be applied fint ro the paym~r?t of ~cvued intere:t and secondly vpa+ the p?incip~l.
Tha obligstan sh~ll 6ear intcrest from d~te +t the ra» of eight & one-half p~r pm ( 8~
per ~nnvm until tM princ~pal a++J imerest an iully p~id.
Intercst fw each ufendar month sMH be acorued on the f~nr day of stid month ~nd be computed on the unp~id balanu of prindpal
and imcrest ex~stug o~ the lut day of ~he preceding month. This note shall b~ cons~dered in dcfault whsn ~ny p~yment req~ind ro be
j made F~eunder shall not Mve been m~de within thirty days followirg in due d~te and shsll r~main in defa~M. vntil said payment a1~aN
' have been made. YMhila in d~favlt, th~s note shal! besr inferest at the rNe of 10% ptr annum in liev of tM r~te Fwsinb~fat spscifi~d.
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f All en~kers ad endorsas now or hereafter becominp putia hcroro jointly snd severally waive d~~and, notice of non-p~ymem rd
i pottst, and syree th~t in th~ svent of def~ult in ~he paymenr of any instdlmero d~e I+~reunder th~ whole of s~id indebted~+eu shall there-
~ upon at tht option of the hokl~r, become immed'utety dus ~nd p~y+bk, and if this oote becomes in def~uh ~nd :s pl~ced ~n th~ h~nds
~ of an anorney for oolleuion, to pay reason~ble ~ttorney's fees ~nd ~!1 otMr own for ma4ieg avch colfection.
~ th~s nore .nay b. p.p,~d ;n w~w~e o. ~n ps.r a..~+r rM+e wn~+w,r ~.M,. (Corp . Seal )
S/ Joseph Maggio, (Seal). MAGIC ENTERPRISES, INC. ~
Joseph Maggio, Indivzdually S~ Jose h Ma io
~ Josep Maggio, Preszdent ~
~ S/ Marie Maggio ~ (Seal) y~
Marie Maggio, Individually Attest . S Marie Ma io~
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- arie/ aqq io ;~ecre~a=
k(Tlws no~e is sen+red bY •~aqap~ of even date exec~tsd by the maker~ in fawr of Com~nunity Fe~ri1 Savinyi and loan Asu~. o~Rivie~a 6each)
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; and shall promptly perform, comply with, and abide by each and every the stipulafions, agreements, co~ditions, and
~ covenants of said promissory note and of this deed, then the estate hereby created shail cease and be null and void.
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' AND the Mor~gagor does hereby covenant and agree:
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j 1. To ps~ all and ~inpular tM pindp~l ~nd interal Md aMs wms d monw pa~rabls by virn~ o( aa~d
promissory not'e and M~is mwtypt, a ei1Mr. pompttr
! on IM d~~ts re~p~cfiveN, the same s~vtrallp cow» dut.
~ To pay •11 snd s~nq~lr ~he IiaH. ~ffeSiminti. !!v~ls. I~ab~lit~M. OWpat~OM a.~d u+cumb.ances of ~vcry nsru~e on s+~a aeunbed property e~ch a~d avery
j «1.en due ~.d payaDl~ xcad,nq ro law. Eefae Mey be~ome del~nquen~. ~nd if ~he same shall no~ be won+p~~y pa~d ~he Monyaqee rnay at any rime ei~her be?a~e
! ,r al~er dehnq~e~.cr Dar ~?~e same w~~1+oa.? wi~r~nq a ~ffect~~q ~he eption ~o fweclose, a anv r~pM ?~eu.~der. ~nd evcrr Oav~t so msde slull bex imern~ (rom f
•`.e dare rF~erep! ~t ~he r~te pov.ded ~n sa~d pom.aswy ~We:~ ~ -
3. To kNp the bvildiqs ~nd ~~I pwpment ~nd pwsoe~t poperry now a he~ea(ter on said pem:se~, cov~+ed by ~his mwtg~q~, insur~d in • swn ~t base
e0~ b~~P+~d D~~+nc~ ol M:: inwty~~, i~clwL'nq fir~. eahnded covnp~ ~nd vmddism and matiu«n inswance as fo popenies otha ~h~n dw~lli~qs. and
(~re. •~~ended cowraq~ ~nd special form other parila uawx~c~ on dwellinqa tligbl~ (a s~rch bro+dened cove._,~e - pov~dcd, howwer. Mrr such irpur~nn b~ in
~~na~m su(fici~nt b compty with any coiruuranc~ rpuiren+enh coverirq ssme under ~ I~ws of Me :tah of Flor:d~, and povided fi,rM~er tMt the policy w policiw i
ihall b~ w7n~n in a cow~p~r or ca~s ~nd drarph an ~r saGs(~ctory to Nw Mwtpsqe~ ~nd thn aid poli~y a policles sMll b~ held M~~V~9~
s and sAall bur • afsrw~rd ll~w Ywk' MortpagN Cbus~ wiMqut connibwian, mak:rq ihe losa ~w+Aer sa:d poticies psYable to tA~ Morfysqe~ as its inlerest mhr apptar:
~ ~nd in thr ~vent arry swn of money becon+~s Pw~bl~ undrr any s~+cA policp w vo~ici~s. 1Me Mw1qa~ sMsll Mve elr option to receiw a~d ~pply IM sam~ on
~ xca+nt of NK :~~dness her~by a~cw~d, a w pumit tlr Mor~p~por b fKliv~ and ua~ it, w any p~r~ ~hereof. Ier oths~ pwposes, withar~ Nwreby waiviig
or N~irirq anY ~W~h, tien. w ~iyM ~rnd~r ~nd b~/ virtw of Ihis nwrt9spr and in ei~ t»nf )M AAwt
j ~yor does not to.nph with ~h:s coveewN, tIN Nlort
m+t W+~~ ~d Wy fw wtA insva~e, a~ part tl~wi, without wtivinq w aN~ctirq ~M option to to.~close, cr ~ny righf he.evnder u~d tfie fvll rnawu ot e
t and evwy sud~ paym~nt s~ll b~ imn~diately du~ ~nd prp~pb ~rd shdl ber in~erest irom the dat~ ~Mreof until paid at the raM povidtd in ssid rwN ~nd ~
wi1)~ inhrpt sh~ll b~ secunp b~r IM Iwel d qws morlq~y~.
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- 4. TM1 ~~NYN. ~wp, et ayr IiM AwiuO Nw ~op~ Nr~, oed ie ih d'ncr~rios, opplp fw rM~rd of wortYo~ Yuwewfp iwwrwu cen~iw0 fl»
; iworqa~ ~s~art~d br ~ v~dersipw~d on r~w dot~ Uere~ifh, pry 1M p~~wiuw~ dw bp rw~ow tl»r~ol, owd rp~ir~ reperMwl bp tM uwd~ripn~d e( '
} ~ucA awvwM oa ar~ od~onced bp wid wwtyooe~. In ~Ae ~rent ol foil~r~ bp tl» ~wd~rs'~qn~d 1o r~pop wid o~ounM b wid wwpoON, s~rcl~ (e~w~ ~hep ~
t b~ cews:d~nd o d~fouh, owd oil prwi~iowi ot M~ no~~ ond wortyop~ ~.ith reyo.d ro d.lorlf .boll b. oppl;coWe. r~
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~ S. To p~rmit, eannrt a wffw no wat~. impair~~ a dN~r'ror~tion of w~d prop~.ty, o~ any pa~t thsreM, and upon kw /ailur~ o( ~M enwt
- buildinq~ an ~aid aop~rt~i in 9ood con~fition d rpair, tM Mat 9~9~? % kwA ~
- fi ~pN rMy d~wund ti» imwedi~N ~~pair of said bvildinp~, p an inpeiu in th~ Mnqint p} sKwi
` iM imw~di~» r~ptyMnt of tM d~M her~by fuvr~d and tM f~ihn~ 01 tM Mortp~pw ro carph w~~h said dMw~d d tM Mwtp~qM for • ~«c C
i d~r~, sMll eoeutitut~ • brqd~ o/ NN~ mw+4rqr. ~nd. ~t Mr option of Mr Mwt im,~~dMe~Y enawr~ th~ ~ntin ~mo~nt ot P~?iod uf ~~h (+~J G.
9~4~~, pincip~l aed inN~~sf 1t~NeU~ af=
f~cwed, rnd imme3i~Nly ~ witlqul noriu Nw Mwtp~p» ~r irotihrl~ prx~edinps w}or~clos~ this ~nwtpp~ pplp fw k~ ~ppanerne~t of ~~K~ivH. ~f
j F.a;e.r~~'e, p.o~~~~ . .
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