HomeMy WebLinkAbout0071 TO HAVE AND TO HOtD the same, togethe~ with the tenements, hereditaments and appurte~ances, ur?b the
Mortgagee, in fee simple.
• AND the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful right to oonvey said land in fee simpls as afo~esaid; that it shall be lawful for the
Mortgagce at all times peaceabiy and quietly to enter upon, hold, occupy and e~joy said land; that said land is free
from atl incumbrances; that he will make suth further assurances to protect the fee simple title to said land in the
Mongagee as may reasonably be requi~ed; that he does hNeby fully warroM the title to said land and will defend tha !
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same against the lawful. claims of all persons whomsoever. ;
PROVIDED, ALWAYS, that if the Mongagor shall psy unto the Mongagee the certai~ p~omissory ~ote of which the ~
following in words and figums is a true copy, to-wit: ~
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COMMUNITY FEDERAL SAVINGS AND ~OAN ASSOGIATION OF RIVIERA BEACN ;
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RIVIERA dEACH, flOR10A AL1CJ11St ~,3 19 73. ~
I seirq ind~br~d. fw valve received, tM w~d~rsiprnd jointly u+d severatly promiu ~o pay ro COMMUNITY FEOERAL SAVINGS AND ~
IOAN ASSOCIATION OF RIVIERA 8E/1CH ~t its offioe in the Gty of Rivier~ Bexh, Florida, a o~d~r, tM suen of THIRTY-TWO
THOUSAND SIX HUNDRED AND NUjIB~----------------------oo~u?rtsls32,600.00 )
wpe~Mr w~th inter~st ~hereoe u I+erein~fte? s~~ted M+ monthly insulfm~m~ of TWO Hundred Forty-Five BIlC~ 18~10
oo~uRS ts 245.18 1~ ~~'K+t inst~l4nent sh+ll be dw a~d pay~bl~ tenth }
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I d+Y o~ February ~9 7Q and subaequent i~~alleneMs sMll be dw and p~y~bl~ on th~ teA~'1 ~
d~y of e~ch and wery qlendar month thcreafte? until tM principal ~nd interat art full~? p~id. ~
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L~rpcr sums may be paid ~t any time, M» tht paymtnt of any such lu~ sums in ~dditio~ to 1Fw paymcnts herein ~equi~ed shall ~
rat rtlitve the makers of the p+yment of the mor+thly insalk~xnts here~n p.ovided iw, unku H is specifiufly stipulat~d by the maksn a1 tht ~
time of payment that such luyer sums are to be +pplies! to the advsnce payment of the moothlr instaltmenfs next mstwie~y in tF~ ader of
rhew due dates. All payments made upon this note ~+all be appGed fint to ths payrtrnt of accrued interest and secondly vpon tF+~ princip~L ~
TFw oblyuion shsll besr interest from date st the ~t Seven & seven-tenths Pa ~ 7. 7 x~
per ~nnvm until the pru~cipal and interest u~ fully paid.
Interest ios esch cskndar month ihall be scuued on the fir:t dsy of s~id month snd be computed on the ue~paid b~l~nc~ oi pinc~p+t
a+~d interest ex~stinp on the lut day of the preceding month. This note sMll bs cons~dered in default wl+sn any piyment nquired to be
made herevndtr shall not h~ve been made within -thiAy days folbwiny its due date and sFul) rem+in in d~f~uM w?til s~id paymtnt sh~N
Fuve been msde. While in def~vlt, thi: note shafl beu interest at tht r~te of 10% per u+nwn in lie~ of tM rat~ irr~inb~fore speNfi~d. ~
All maken ~nd endoners now or hereafter becom~np put~ herero pintly and severally waive denand, not~ of aoeFpaymem ~nd ~
praest, and ayree that in tbe evrnt of dsf~vlt ip the p~yment of ~ny iruql{ment du~ I+~rsund~r the whole of ssid indsbMdneu shall there-
upon at the option of the holder, be~ome imi~ediat~ly due and pay~bk, and if this note beco:r~ in dtfwlt ~nd is pl~ced in ~Ir Mnds ~
of ~n atrorney for wllection, to psy nuonabl~ attwnsy's fees ahd all other ~osts for makirg suclf collection.
' This note may be pnpaid in Sivhnb a in p~it ~t srnr time wAhovt pen~bp. ~
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i ~ SI.--- PAT LAURIA ~~_~?t~ ~
' Pat Lauria
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~ PAULINE LAURIA ~
i Pauline Lauria ~ ~
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~ (ihis ~ote b secued by • mort~ayt of even date exeMSd br the m~ken in fawr of Com~rw~ity Federal S~ving's and toan Assn. of Riviera Oesch) ~
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and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, mnditions, and '
~ covenants of said promissory note and of this deed, then ihe estate hereby created shall cease and be null and void.
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AND the Mortgagor does hereby covenant and agree:
io w~ s~+~ ~ o~inc:pal ~nd iorerest ~nd aMr swro ot money ps~rabte bp virtoe of s~7d p~an~ssory note snd this morty~g~, w eitl~er, promptlY
on ~M d~ys r~sp~ctiveM, tlr srne sw~rallp ca~r due.
~ io paY all and f~nqulr rhe raa~s, nsessmeny. lev~e~. I~ab~l~f~ea, obl~qahwn and ~ncwnbarxes ot ~very nar~re on ia~o aeunbed popcrty exh and every ;
~ when due and p~v+ble accad~nq ~a law. ~efo.e they become del~nq~ent. and il+e san+e shall not be prort~tly pa~d Ihe Mortqaqee may at any ~~me ei~her belwe
~ a•1ee+ dcLnq~er ~ par ~~+e s+me w~~hou~ w~iv~nq or aflecnnq il~e op~ion ro fwecbse. a anr nqM herevnder, and everY wY~+t so ~++d~ sMlt bea~ mterest Irom
~ the da~t ~htrepf ~he r~~e
wo.~deA m ss~d pomnsorY oore
io kep the buitd~~ps snd aN epripenent a~d perswul poperry now w herealfer on said pem~ses, cov_~ed by tl~is morfg~ge, irowed in • swn k~st
eQvsl w the w+psid ba4nc~ of th:s morty~q~~ iMI{1~119 fM~~ s~tended covaage and vand~lism and malic~an iinwance as to w~nies oMwr Mw~ dwdlieq~, and
fire, eatended cowra9e ~nd fplCt~I ~pT otfie~ perits irowa~c~ on dwellinqs sliyible iw s~ch brwdened cover_~ - pov~ded, however. NNt s~ch irowanc~ b~ in
~~na,nt s~(fici~nt to canqlr with any co-irowanc~ rpuire~nenes coveriny ssme ~nde? ~M laws oI fl+e ;uts of florida, snd povided fwfMr that the policp a polici~s
' ~MN bt wr7tbn in • comp+ny or, comwni~s and IMaryh sn ay~ncY as~:siactory to ehe Mwfyage~ and that wid policy M pplKiM sMll b~ I+sW bp tM Mwps9ee ~ ~
and shall bear • stsndud ti~wr York Mw/p~yN Cla~a~ widqvr conrribu?ion, mskin9 rhe lou ~wider s+r:d pol~c:es psy~ to the Mortqpe~ as its intuest miy spper: . ~
and in tM event ~r swn oF money becan~~ MY~bM ued~ ~r such Dol:cp or potic:et, the Mortqaqa~ shafl have t!r eorim to receiv~ ~rd applr tM ssnr on
r' xcount of ~M indebadness ha~eby s~cwed, or a pN~nit ~M Mor~qaqw to receive and us~ it, a w+y pxt ~eof, for od~e? purpos~s. withoot tMreby waiv~rg
~;r' or w~w+~~ +~1I ~W~1p, licn, or tigM vnJer ud M virhrt of this nw~t9+9~: and in ~he ~vent the Mwtq~yw does ~w coenply with Mws coven~nt, tM Mon~ge~
~^+y Vl~c~ ~nd patr for wd~ irn+wanc~, v+m~ P+~1 Nwreol, wiMau~ w~~vi~y w aff~ctin9 tM eWion to fa~clos~, w any riqAt herwnder ud the fvll ~t of s~ch
and ~vwy wcl~ WY~t s1Mq oc imn~diatel~/ dw and qy~bin and sh~fl ber interdt fran tAe datc thueoi uroil p~id ~I tAe ra~e wovided i~ said ~wf~ and togeAwr
wifA sutA inleresf slwll b~ sat~~o b~r 1M INn of /M rnwly~ye. ~
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ilwl ~apey~i. ~wp, ot w~r fir dwiwq tM wiwqo~ h~w, oud i~ if~ di~cr~taw, apphr iw r~w~wd o1 werf~oN Y~wrwlr iwwrowc~ cwrriw0 11» ~
wert4o~ ~x~cYqd by 11» v~nqa~d ow wtw dote henwitA, pop tl» p~~wi~~ dw br rwsow tMrwf, owd rpvin r~popiwwt bp tA~ wdN~ipw~d Ocp ~
r ~rch a~ovnb m ar~ od.anced br w:d wiwtyope~. In the went of (ail~r~ bp tM YAdN~ipMd b r~yo~r soid owoonb b wid ~or~oyN, srcA feirn d~oN Q~ :
b~ cow~id~r~d o d~lmih, ond dl provisions ol ?Iw ww~ owd ~onpoye ~.7t6 npo~d ro d•fo~l~ ~holl M epplicoble. ~
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~ S. To p~nni~, comnuf a wffw r.o wuN, imp~ir~nt w deNriar~tian of ~aid Prop~rtp, w rrry part ~hereo/, and upon ~M tailur~ of tM anwtyayw. b k~ep ~M ~
~ bvildirps on uid popKty i~ pood cond~rion of rp~~r, tM Mortp~ye~ ~y d~mand IM immediat~ rep~~r of s~id bu~ld„ps. w K~ incrNSe in tM ~n~t of wcw:ryr, or ~
- tM iwr~rdi~u r~parnrei~ ot tM: d~W her~by ~~cw~d an1 IM /~iArr~ of. tM Matpapw ro ewroN with uid d~nw~d oi th~ Mortprp» fw • paiod of thi~h (]0) i
~ d~Y~, sMll comti~uh • breach of Mws inw~9!i~, ad. ~t Hr option of ~M Mon~q~e, irn~d~~h~Y mafvr~ tlw Mrin ~~f o} pintiW~ and inhrMt Mr~bp
~ s~u.red. ~nd ~~nr+e~ia»ly ~nd witl~oul notic~. 1M Mwfp~q~ m~y irotiWN procMd~nqs to fa~clos~ this mortq~q~ ~nd applp for M~ appoinrment o1 ~ QK~ivN. ~f
her~lr.eher ~e.,dad.
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