HomeMy WebLinkAbout1386 .r s?Z
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TO HAVE AND TO HOID the tame, togethe~ with the teneme~ts, hereditamenta and appurtenances, ur?tc the
Mortgayse, in fee simple.
ANO th4 Mort~aqor does hereby oovenant with ths Mortgagee that he js indefeasibly seized af said land in fee simpk,
that he hss full power and lawful right to oonvey said la~d in fae simple as aforesaid; that it shall be lawfu{ for ths ,
Mortgagee at all times peaoeably snd quietly to enter upon, hold, occupy and enjoy said landj that said land i: fros
from all incumbra~ces; that he will make wch fuNher auurances to protect the fee simple titie to said land in the
Mortga~ee as may masonably be rpui~ed; that he doei hereby fully war~a~t the title to said Isnd snd will defend the
same again:t the lawful claims of all persons whomsoeve~.
PROVIDED, ALWAYS, that if the Mort~s~or shall psy unto tAe Mortgagee the oeMain promiuory note of which the
following in words and figu~ i: • true copy, to-wit:
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIFRA aEACH .
'~IIx#~M$8 - ~II#8
RIVIERA dEACH. aana? Augus t 7 3.
d~inp ind~bl~d io? v~lw reo~iv~d, tlr w+dtrsp~d joirNty and ssv~r~ly prw~rse b p~r to COMN1tNl1iY fEDERAI SAVIN(ib AND ~
t0+4N /?SSOCU?TION OF Rrv1ERA eEACH .t Na offloe in the City of Rivie+• B~acl~, Fbrid~, a«d~r, tM w~w d 'j'W$NTY-FOUR
THOUSAND AND NO/100----------------------------------~sa24,000.00 )
; ~ ~ ~...~,.~...u~.a ~~,a~.ro. o~ One Hundred Eighty-Ztao and
~ 07/100------- oawrs cs 182.07 n+. f~..~ ~.m~,~.~i ~ a~: «+d ~.a~ tenth
I a.,, ~ September ~9 73 ,~a .~,,.m ~.t,i~a, ,~.u b. d~,. ,~a ~.v,e~. ~ tenth ~
~ day o1 ~ach and ~very uleedar month thenafie? u~stil tM pincipal and int~?~st a~ fully pid. .
~
l l+rpN sums m~y b~ p~id ~t ~ny tirtr, but tt» paym~nt of a~ryr s~rch laryK svms in add'dion ro th~ paym~na h~rtin requir~d slwll
I not eeliew tiK malc~rs of th~ p~ym~nt of th~ monthly i~xt~llmcr?n h~reu+ provid~d fa, unku N is specitkally st~putat~d by the rn+kKS ~t tlr
{ r~me of payrnent that svch Iaryer sums are to be ~pplied w the ~dvanu paymeM of th~ monthly irot~llrne~b rMZt matvrieg in th~ ordn d
I their due daMs- Alt paymsnts m~d~ upon this note sFwll bs applied fint to th~ paynw~t of ~cau~d intsrest ~~d s~ooedly upon the prindp~l.
~ TM oblga~ion iha11 bear intaresr from dsa •t .,a ~r Seven & eight-tenths P~? 7. $ 9L)
pe~ annum unti) th~ ptindpa) ~nd inttrat an fid~Y P~•
~ Inrercst for ~ach ukndu month sMll be xcrued on the fint day of sad month and b~ computed on the w~paid balana of princ~pN
~+nd interest exiatinQ on the lut day of th~ precedirg month. ihis note shall b~ coniidend in d~fauh when ~mr payment nquir~d b be
made I+sreunder sh~ll r~ haw b~en er~dr within thirfy days followinp its due d~t~ u+d sh~ll renwin in d~iwk until s~id qymn+t s1M11
~ haw bs~n m~de. WhiM in defwN, tha note sh~ll bear &+t~rKt at ths r~te,of 10% pe~ u~num in liw of th~ ~ete Mriu~b~fore sp~cifi~d.
All malcen snd eodortirs raw or hsre~fter becomirg putia herero jamty snd sevenly wirv~ d~rund, noY~u of ~wi?paymem ~nd
i pra~st, and ~e~ th~t in thR sMeet of defauh in tl~ payment of ~rqr a~sul4nent du~ f+er~und~r the wlw4 of aid iodsbtedneu shdl thtn-
~ upon ~t tM option of th~ hofd~r, b~come iinn~diately du~ snd Wyabh; and ~ this nate beaomes N+ dsf~ult ~nd is pl~ced in tht hards
of an anweey fa aotkaioe, w pay reasonabb ~ttoroey's te~s and aU oth~r . oous fa nwkin~ wd+ oolt~ction.
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Thif ~Off ~INy bf p~11d in wh01f Of in pMt if Mw fiT! wifhOYf pMi11r'
~ ~
! - - ~,C_ _sIBMES E FULEY ~~u~ ;
E I ~ James E. Foley
~ I -.__~____~W
~
~ ~ FRANCES W•_ FOLEY _~._.__~R~w
~ Frances W. Foley
--------------------cs~w
~ (ihi~ ~'s secued bl? ~~+D~ of evaa date exeMtd by the makers in faw~ of Cannwnify fed~rd Swinp~ ~nd loan Asin. of Rivier~ leKh)
and shall promptly perform, comply with, and abide by each and every the stipulations, agreemenis, conditions, and
covenants of said promissory note and of ihis deed, then the estate hereby uePated shall cease and be null and void.
. ;
AND the Mor~gagor does hereby covenant and agree:
to o.r «+a .inpul+? N~. ai~p+~ .ee ~ne..es~ .oa an.. w.~. of .w~.r v.r•a. bp v~.n,. ot s.~e p.onuu«r ~wn a~+d M~s mony.9.. « a/M., a~ab
on tM d~Ys ~e~tiveN. ~he s~ne a~v~r~11r cnwr dw. ~
t. T o w r ~ 1 1 a n d s u g
u l a r t
h e t e s. a s a e s s n~ ms. l e+ r~ e s. I. a b~ li r~es, o b lga t~ons ~ n d ~nc.~ m b ra~ces o f every n~ n xe on sa~o oeun b e d Woperh e
a c A a d eve~y
«he.~ due and WYaAIs xcad~nq a law. beiore Mey be~ome dehep~e~~. and ~f tAt sNne sM11 no~ be womV~h~ w~d ehe Abrfqagee inay ar any ei~her belwe
o. atw del~rq~ency wy Me s~rne ..~thoW wa~vinq p~ffect~nq qr op~~on to /weclose, or any riqM Aerewidt~. snd every payment w nyde ylyll bex interes~ frpn
~ ~~e dare- rhe~wf at rhe ra~e aov.ded ~n aaid prarwssorr nwe.
3. To kNp th~ 6~ildnqs a~d all equipment ~nd p~narl popNty row oi h~r~aftM on s~id prernises, cowea by th~s w~aty~y~, ins~w~d in ~ sww at le~~t
eawl a t!w w~p~:d baNnc~ o! Hws mortp~q~, inclu~.ny fin, eaf~d covNp~ and vandaiis.n and m~lic:ws iosvrance ~s ro properties oNw tMn drwllinp~. ~nd
F"S
" f~re, ~,tended corvap~ ~nd specisl form a!w p?ih :nsur~nu on dwdlinqa eliyiEl~ /w socA brwdened cover_s~-Drarided, howw~r. ~Mt wd~ iiuuran~s b~ in
~mowN sufiici~nt to wi~h
~~ON +iw co-u~wranc~ ~puirarKnts covsrirq ssm~ w~dw dr lavv~ of dr ~ah d F{«idi. ~nd provided iurther th~t the Po1KY « Pdiei~s
~ slull be writNn in a oornp+~ a co~npanies and tMarqh ~n ~q~ncr ~tis(aciory te Nr IMorrp~q~ and dw wid polinr or polic:~s ahaN b~ held bp ~M Morpp~e
•nd sMtt bw • sr«drd New Yak AAaty~qN Clww~ witlau~ cauribue:on, wwkirq N~e bss u+de~ s~id Pdici~s phr~bM ro th~ Mwty~pa~ as its inwbt ~r Mipw;
snd in rh~ ~vem ~r w~n d mwier bconMS pwabN urd~r any wd~ vdicY or Ou~iws, th~ Morty~q~e shdl Mw ~ op~an b r~u:v~ and pply tM trn~ on
xcoum of ~M :nd~b»drwn Iw~Ay wcvnd, or w p~rwwt Mw Mwtq~qw !o reaiv~ and us~ it, a aw v+r~ d~«eo1, fw aher pwpos~s, vritho+rt t1~~M +'~~0
~ o+ ~o+w~0 +~Y ~t1/, li~n, a rigM wrMr and ~M virh» of tl+is nanyWr, and in ~M ~vu~t tM Mw~y~yw does not eweply with drs cowewit, dr Map~pM •
~ ~+++r P~+n w~d pap for wch insuranu. a siw P~ Mer~ol, witlwul wiiwny w~fhctinp tM oWan ro fa~cbse, o~ rry riyht Ae?wrwde~ and th~ (vll una+n~ d eKh ~
and rrwl sud~ P+Y~?~ shaU b~ ~tely dw ~nd ps~r+W~ ~nd alyll bear inue~st i~an tl+~ drM tl+waof wril paid at ~he ra~e wovid~d in ssid noM and toq~A~er
~ wit~ NiL~I f/1/tlMt ~~li~~ ~ iK7//~O by ~M ~1M1 Of ~M~ MOf19i~. ~ -
~ 1~ Mf~~ My~ ~f My IIM dYf111~ 1~ wOfaOv~ MI~• Wd ~II IM d~Kf~1{pw• O~ {O/ f~M~l~ O~ ~Of1~00~ ,YMOA1y ~NfOwC~ qNf~ 1~ ~ :
~+ortOo~ ~~~crl~d bp 1A~ rwd~niqMd ow doN IKr~wriN~, pep 1M or~sivwn dw b/ r~oww M»r~o1, owd rpdir~ r~pepMwt b~? 11» rwd~ni~~d ~f ~ ~
~uch owo~Mt o~ w~ odwwieA br soid iwortyo~~. In tl» mnt oi foilvn bp Ny ~wd~nqMd to r~poy wid owov~b b wid ~srt0e~~. wcb /~rn ~MM
b~ cowsid~r~d e d~lmih, owd all proriiaws o1 ~ woN awd ~wfyoq~ wiM reywd to ddovh sAoll b~ eppl:coW~.
fi0 ~
S. To vM~nit, com~pt a wfh? no wuN, iw~wKwwM a deN.arnion d w:d Mop~rM, or ~rM P~n Mw~oi. «+d ww~ Mw failw~ d ~M wwnyppr b kMO ~ 0~
~ b~ild:rq~ on ~wd P~~N p+ ~od eandtion of rpai!. Nw AbnWOM ~whr dM~d th~ p~diah rwNr oi sad bvitdieq~, a~n incre~s~ in tM sn~yunj o1 Ncurit~r, a
~ d» im~d~a» r~wpnynr e1 ~M a~be hu~br saw~d awd dw f~:iun ef Nw Mertq~oo? a. coewM .v~th .s~id d«nrd d N» A1«~y~qw iw • o~riod o1 NwM (70)
~ d~v,. ~MII const~n,q • brwch o/ tlw siorty~p~, and, .t tM ap~ion. 01 Nr Morry~pM. :~wMd~NM dr win ~n~aw~e ot w'w~ciw~ ~nd intwut Mreb~r
~r ~~cw~d. and irn.+xd~~tdy ~nd witi~oul nofip. tM Molt~pw n~ iiqlit~A~ ppc~{inqt b for~cfoa~ Mis mwtp~p~ and applr /w tM ~pprHetrn~nt oi • RK~ivM. N '
Fara n~f:~r p.ov~ded
~ ~ ~ : .
~~+3~,._~,.:_~~ ~s~ w .~..-~,.ti,-~ Q., s_ . . F.,~'-~-^-:°n
~c _ ,