HomeMy WebLinkAbout1955 TO HAVE AND TO HOLD the tame, together with the tenements, he~editaments and appurtenances, unto tfis
Mortga9ee, in fee simpls.
AND the Mortgagor does hereby oovensnt with the Mo~tgagee that he is indefeasibiy seized o~ said land in fee simple,
that he has full powe~ and lawful right to oo~vey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to enter upon, hold, oaupy and enjoy said land; that said land is froe
from all intumbrontes; that he will make suth funher assurances to protect the fee simple title b said land in the
Mo~tgsgee as may rcasonably be required; that he does hereby fully warrant the titls to said land and will defend the
same against the lawful claims of all persons whomsoever.
PROVIDED, ALWAYS, that if ihe Mortgagor shall pay unto the MoNgagee the certain promissory note of which the
following in words and figures is a mie copy, to-wit:
COMMUNITIf FEDERAL SAVINGS AND IOAN ASSOCIATION OF RIVIERA dEACH
~ ~IIr#~~~E ~o#e
R~view? eEwa+, F~oR~a?August 1 ~D ~0 73.
l~i~g ind~bt~d, fa v~lve ~sceiwd. th~ und~rsgeKd jointly snd sev~~~lly promist to pay fo COMMUNITY FfOERAt SAVINC6 AN~
IOAN ASSOCIATION OF RIVIERA 6EACH at ih offio~ in 1he Gty of R'nie~a B~+ch, Florid~, w order, tM swn of NINETEEN
THOUSAND SIX HUNDRED AND NO/100----------------------bou~sts19,600.00 ~
w~erlw~ wi~h i++~enst thtreon a her~in~her sqted in moothlY .~~.i~.~+. of One Hundred Sixty-$1X dT1C~ 4~~1~0
-------------.ao~uRS cs 166. 40 n,. r~~ ~t.~~ ~+.u e. aw ~a P.y.bk a+,~ ten~h
d.,, of September ~9 73 «,d :u~equent ins,.urt~ms d+.~~ be d~,. +~a wr+~• N» tenth
d~y of ~xh and wery calendar month thensffer uMil th~ princip+l and interest ah fuly p~id.
larq~a sums may be paid at any Iime, bv~ the payrn~nt of ~ny svch luyer sums in addition to the payenentt herein ~equired shall
not ?eli~ve the m+k~rs of tM paymeM of the monthly irotallments herei~ provided fw, unleu it is specifiully stipulat~d by the mslc~n N-th~
rim~ of p~yment tMt svch luyer sums are to b~ ~ppfied to the ~dva~ce psyment of thc monthly installments next m+turiny in the ada of
rheir due dates. All psyments m~ vpon this note shall be spplied first to th~ paym~nt of acu~sd inmM snd iecondly upon ~h~ Pra+cipal-
This obliy~tion shall beat intcrest from date at th~ r~t~ of Eight dY1C~ tW0-tenths P~? 2 'x~
per annum until tM printipal and interest ~n fdly paid.
Interest for each ulendar month shalt be ~ccrued on the first day of uid monlh u+d be comput~d on the w?p~id bal+~ce of princ~p+t
and interc:t e:istiry on the I~st day of ~ht preceding month. ihis note sh~ll bs coe+sidered in defavlt when ~nY p+Yma+t reqvind ro b~
m~de ixrevnJer shsll not have been muM within thirty days followin~ its dve date ~nd shs0 rem~ia in defwM until ssid p~yment shdl
hav~ be~n made. Wl+ik in defauh, th~s note shall be~r interest at tht rate of 10% ptr amwn in lieu of the rat~ hsreinbefw~ specifi~d-
All makers ~nd endonen now or hereaher becomirg partiss herero jointly and severally waive derund, noYKe of non~p+~ment ~nd
pro~st, and s~ree tMt in the event of def~uh in the p~yrne~t of sny i~ullmcnt du~ her~under the wlwl~ of . uid indebt~dness shall there-
upon ar the optan of the holder, become immediately dut and p~yabk, and if this note b4aon+es ie defsult ud is pl~csd in tM Mnds
of ~n snorney fw colkdion, fo paji ee+so~+bl~ ~ttorne~/s fess and all erMr oosts fw nuki~g s~ch cdkdion.
I! This note may b~ pnp~id in whok or in part at arnr tim~ w'elw~+t penshp.
~ ~ Sl_ JAMES_A. LATRIMORE _~?u
~ . James A. Latrimore
~ .._^__~(s~?U
~ ~ ~ . _ JANE E. LATRIMORE_~_.~.~_____ls~?u
Jane E. Latrimore
(This rw~e b:ecued b~r • monpa~e of even date executed bp the re~ke~ ~n faw~ of Conurwniry Fedtrsl S+ving's ~nd loan Assn. of Rivier~ besd~?
and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
covenanis of said promissory note and of this deed, then the estate hereby created shalt cease and be null and void.
AND ihe Mo~tgagor does hereby covenant and agree:
i. io ar .n a~,e w~w+•~ N» w~~+c~p~l w~d inwest ~nd otMr su~m of monw Wl~+~ ~ vva+e of said wom:sswY nae snd tfiis mortg~g~, a eitfia, o?o~ptlr
on ~ dws re~p~cl~MCM, tM s~ne s~v~r~11p cowr dw.
2 To pay all and sugvlx ~he ~a¦es. +?uss~nen~s, lev~es. I~ab~l~r~es, obl.qauan and .ncue+brances of rvery natwe on sa~a oexnbed poperrr each and e.rery
when d~e and p~r+~le xcwd~nq ~o law, befw~ ~hey becane del~nqvcn~, and ~f ~he same sAall no~ be pomprly paid Me Mo.tqaqce .n~y ~t ~~y t~me eitAer ~e(ae
a aRer deLnq~rencr wY the s~me w~rl~wn wa~v~nq a afiecr~ng ~he opr~on to laedou, w any n9ht I.ereunder. and everr WY^K^~ sMll bear m~eres~ Fro.n
~he daee N~ereol a~ Me ~are p.w~ded ~n sa~d praniuwY note
~
~ fo 4e~p the build~n9s ~nd ~II p~ipn~ae~t w~d p~?son~l pope~ty raw or hereaf~er o~ uid pemises, corered by fh:s mwr9aq~, i~nw~d in a swn ~f luif
eqwl fo Me ~x~ps~d b~4nc~ of fAis mwt~g~, includnq fir~, e¦fa~ded cwar+~ and vsndal~s.n snd m~l:uan insw~nce ss to popen+es uhe? Mwn dwdlinp~. ard
f~re. ~stended covwap~ +nd apeci~l iwm wher perils iiuur+~c~ on dwell:nqs diy~ble fw svch b~osden~d cover_~e - prwidcd. Aow~ver, th~t sucl~ inwwanc~ b~ in
~mo~nt wffici~nt ro comvM with a~Y co-i~w~nc~ rwwrements cw~rinp sarn~ ~w~der k~ laws of ~he ~uN of Ftoridr. ~nd warided fu~r~ tM~ the Pdiqr w Pd~
shdl oe wr:tNn in • cw~w+M~ w comprnin ~nd tMaryh ~n +pencp s~tis(~ctay to th~ Morfypet u+d tAat said volicy or pol~cies aMll b~ I+eld b~r Na MortOap»
~nd sha11 bw • stMdrd .Nrw York'Mwpay~~ Clwis~ wiNwul cantribution, m~kieq 11+t bss wder ssid volicies paysbb a tlw Mortqp~e~ as iri imwest m+Y ~v9~+r:
~nd :n tM event ary swn oI mo~ey beca~ws p~yaW~ u~d~r arry wd~ PdKt/ or polici~s. the MoHysqe~ shall have tM optim a receiv~ and ~PO~Y t!w ~x~ on
xcount o( Me ind~bNdness Aer~by sacur~d, w a p~rwwt rfw Map~qor to receiw and us~ it, a+nr wrt N+sreof, fo? oh~er vu~Pes~~. withw~ tlweby winirg
a imO~NeW +iw ~h, lien, ar riqM vrri~r and 1ry vwtw of Mis rnort9+qr and in tAe ev~nt the Mw~yaqor do~s rat comply wGN~ qas covanant. Nr Maf~r
wwr pl~c~ rnd Dw for wd~ i~w+nce, a+nY P+N durwf. wi~lwut wsivinp a aff~cti~g tM option ro for~cloN, a~r ri9h~ Me~wrnder and the full nna+nr o1
- anA ev~ry sutfi WYnrN shall b~ iwn~diatch~ dw ~nd WpaW~ ~rd slrll bear inures~ fran tM d~te tl+a+eof ~t:l paid ~t the rate Wo+~ded in said nou and lo9e~l+~?~ .
wilY sucA inMest fhall E~ senwM by IM INn of This iwort9ay~• ~
~ 4. TM~ wapea~. ~of, e~ o~ ~ dwiu0 tM ~sr1~o~ h~w, e~d in ib d'ac.~tiow, eVpl~r fw ~~w~wd oi ~ortyo~ yvorawlp iwwraic~ uw~iM th~ ~
r; 'G
- worloo~ ~:~tvt~d bp 11» ~wd~rsqw~d on rr~s doN A~~~rith. Puf fM pr~w~iww~ dw br rwsow th~r~o1, owd rpvin repapw~w~ b~r tA~ w~rsiOw~d el ~
tocA o~arM~ w ar~ od+w~ced bp said wa»qo0ee. In tAe er~w1 of (ailvre bp tM ~nd~rsqsed b r~pap wid aww~M M wid iw?peq~~, avcM (ail~r~ sAoM
b~ cowsid~r~A a d~ionl?, owd dl pro+isioin of 1M eor~ owd wo~fpop~ ~iM reyord w ddoah ~boll b~ opplicobl~. ~
~
S. To wnnit, conrn7r or wHM no wssp, iww~Na~r+t or deNr:or~tion of ui0 v?ow~tY. « Mw v+h tlweof. ad ww~ Nw fai{~w~. d th~ w~wtypa b k~ev
brildep~ on wiA v~~h~ in pood ca~dirion of r~P+~~, tM Mwty~pM nry d~w~w~d th~ inrnediN~ r~v+~r o1 ia~d brildirp~, w~n incre~u N~ tM a~na+m d s~curi~y, or ~e
tlw imn~di~a rp~yrw~nl 01 Ar d~bf hereby s~cvnd ~nd dw ~.ilvn of th~ NbrtWVw b co~np~tr wiM saie da+w~d d N» Matpp~~ i« • p~ried of Mi~tp (~G)~p
• d~yr, sMll ewuriroN ~ b~ad~ of thi~ mwip~p~. ~nd. ~t' Mw op~ion of ~M IU1oet9aq~, i~d~aalr ~un tl» wuir~ Mrwur of pineiW~ nd int~r~at lwr~bpi7e0
sscwed. ~nd im..K~i~aFy ~nd Mi1hoW nolic~, tM Mor~q~pw iw~I MatitvN P~~inq~ W(onclos~ this mwtpp~ and +iPV~y for tM ~vDUnrms~t o? • Rec~iv~r,
F~~r~sf~er wov~ded.
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