HomeMy WebLinkAbout1743 TO HAVE AND TO HOt~ the :ame, together with the tenements, hereditaments and appurtenances, ur~ro ths
Mo~tgagee, in fee simple.
AND the Mortgagor doas hereby oovenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful right to convey said land in fee simple as aforesaid; that it shall be lawful fo? the ~
Mortgagee at all times peaoeably and qvietiy to enter upon, hold, occupy and enioy said land; that said land is frea ~
from all incumbrances; that he will make such fuNhe~ assurances to p~otect the fee simple title to said land in the ;
Mortgagee as msy reasonably be required; that he does hereby fully warrant the title to said lar?d and will defend the ~
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same aaainst the lawful claims of all persons whomsoever. ~
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PROVIDED, AIWAYS, that if the Mortgago~ shall pay unto the Mortgagee the ce~tai~ promissory note of which the ~
following in words and figures is a t~ue copy, to-wit:
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COMMUNITY FEDERA~ SAVINGS AND LOAN ASSOCIATION Of RIVIERA BEACH
~~r#~~$e ~o.#e. - ~
RIVIERA dEACH, fIORIDA ALIG~USt 3° i H 73.
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leinp indebtad, fw vd~re receiv~d. t!r unJengeNd jointly snd severally promist b pay to COMMUNITY fEDERAI SAVINCS ANO #
LOAN ASSOCIATION OF RIVIERA dEACM ~t ih offia~ in th~ Gty of Riviera Beach, Fbrida, a ordtr, th~ swn of THIRTY~NINE t
THOUSAND FIVE HUNDRED AAiD NO/I00--------------------- aou~s it 3g , 5~a . pp l :
+~.,i+.. w~~, Mk...~ ri,.~ a h~reinafm :ured in ~+~~,r ~t,~~.m. o~ Three Hundred Ten and 12/100---- `
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--------------oo~uas cs 310 .12 Th. frst ~st.ume~t sl,.u bs au~ .~a P.y.bi. a+ the tenth ;
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d+r af October ~9 73 •++~ka~+t wr+w• a+ tenth (
day of each and tvery ultnda? month ther~~fler until tM printipal and interest an fully paid. i
l~ryer tvms m~y bi p~id at ~ny t~me, but the paymtnt of ~ny such Isryer sums in addition to th~ payment: herein rsquued shall
not reli~ve t6e mak~rs of the p+ymem of the momhly irntallrn~nts herein provided fw, unku it is specifiutly :tipu4ted by the m+4sn st tM
t~m~ of payment that such laryer sums sre to be appt~ed ro the sdvanc~ p~ymeM of the monthly installmenb nsxt m+turinp in th~ ordn of
thew due dstes. AII payments made upon this note shall be applied fint to tM payment of ~cvued intetat and secondly vpon tht pri~uipd- !
This oblg~tion shall besr interest from da~e at the rate of eight &'tW0-tenths per cNM ( 2
pe. ~nnum until the principal and imerest u~ fvlly paid. ~
Interest for each ukndar month shall be ~ccnxd on the fint day of said month and be computed on the w+paid bal~~u of princ~pal i
and imenst exist~ey on the I~st day of the preceding month. Th~s not~ slull b~ cauidend in def~ult when ~~y paymtM requirsd to be
~++ade he~runde~ shall ool haw been made wNhin thirty days foftowiny its due datt ~nd slull nmain in defavN until said p~ym~nt aMll
haw been made. Whil~ in d~fauN, this note shall besr interes~ ~t th• ~~te of 10X ptr annum in liwv of tM rate F~inb~fon spec:fi~d. }
All makcn and endorsen now or heresher becom7np parties hercro iointly and severally w~ive den~nd, notice of ~on-p+ymem ~nd ~
p.o~sst, and pree that in the event of def~ulf -in rhe payment- of .any irut~Ilment due litrfund~r tl+e whok of ssid indebtedneu shdl tl+e.r
upon at t!?e optia+ of tl+s holder, become immediafehr dw ~nd pay~bk, and .if this note b~cornes in d~favh and is pl~ced in th~ Mnds j
of ~n sttwney for oolkction, to psy ?euon+bk ~ttune~s fsss ~nd all other costs for enakug such collection. , ~
Thi~ note may be prep~id in whole or in psn i~ snr rim~ wi~ho~r p~nahy. i
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S,~ James E . Terrell _~wu ~
JAMES E. TERRELL i
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~ S/ Ma~_H. Terrell ~
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MARY H. TERRE~,I, ;
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f lThis note e sec~+red by • mutp~ of even date euecvted by the m~lcers in faw~ of ComnwnHy fedtral S~vinpi ~nd Loan Atsn. of Riviea dt~)
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~ and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and ~
~ covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void. ~
~ AND the Mor~gagor dces hereby covenant and agree: ~
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~ 1. Io pa~r dl and sinyulr th~ pincipsl ~nd interM wid otF~ sums of ~nonw Priabte M virtue of s~id wan~ssory na~ and this mwty~, a~itMr. W~+PdI~ ;
on tM dMs ?~sW~t~ve1Y, the s~ t~vrralqr cv~w due. i
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~ i- To p+y ~11 and s~nqulx ~he b:ea. ~sxsi.r~h, kvas. I~aMl~nes, obl~qahan and ~nc~mb.+nces of eve~y narure on sa~o oescnbed pope~ry exh and every '
~ w1~en d~,e ~nd p~raEle xcad~ny a Iaw. befae ~her be~ane del~nq~en+, and ~f ~he same s1+alt no~ be womptly pa~d ~he Mort9a9ee mar at any ~ime ei~her befwe ;
w•I~er del~nauency wy Me same w~r1,o~.~ wair~nq w affeu~nq the opNOn to Iweclou. or anr riqh~ Merevnder, and everr parmem so made shall be~r ~nterest liom ~
~ rhe da~e rl~ereot ~t ~Ae rate wo.~ded ~n sa~d pan~ssory note.
3. To ke~p the buildi~ps ~nd atl pvipmsm ~nd penonal poperty now w here~fter on said p~emises, cov_red by this wwrtq~~, imur~d in ~ swn ~t It~st
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' cqwl a the unps~ bs4nc~ of tF~is ewrty~y~, incl~rdinq Pu~, eatended co.ierige ~nd vandiTiin anQ matci«n ?nsv
uctt"s~~a~eatt~s-athtr-thaer~w~ffnys,-ard-
~ f~re, ufended cowa~ snd speci~l fam wher prils im~wanc~ on dwell~nys tligbte fw such b.osderrod cover_~e - prmrided. howevn. eMt wcfi fro~wana b~ in
~ amount auf(:ciw~t to canwh wiM any co-irnwarc~ rpvire~nenb cweriaq s~me w~de~ ~ I~ws of Nr :u» of Fb.ida, ~nd povided fixeMr N+at the vdic~r a Vd~ ~
~ sAall be writNn in • comprnr w cwnpa~wes wd Nraryh ~n ~pencr ss~isf~ctory to N~t Mor~pipee snd ~Mt iaid policy or policies sMll b~ held bp tM MoAysq~e
- ~nd shdl bear • sbnds~d New York Mwtyaqa~ Clwra~ wiMwir conniEvt:on, makirq N» loss under sa:d pol:cies psy~bM to Hw Mortqpe~ ~s its imMat ~nqr ~ppear:
' and i~ tM ~vem arry wm o( ma~ep beca+~s phrabM ~r aMr such policy a pofici~s, the Mortysq~~ shall h~ve th~ eMian w reuive ~nd ~OO~Y IM s~en~ on ~
•cco~w~t o( rM ind~badr~u he~~by s~cw~d, w lo p~rnwt fi~ Mwt9spor to reteiv~ and use it, ar +eY DKt thaeol, fa Wher purpoaes, vrilhoul Nweby w~ivinp ~ `
~ or wnD+y~9 +~Y ~h~, lien, a riqlN urNler ~nd M vi?tu~ of thn mwty+y~: ~nd in tM ~v~nt the N~wtqagw doei no1 canply wid~ Nws coven+nt, tIM Mor~g~qe~ ~
.s i IN T1
d m~y ptace snd pay fw wch i~a~wanc~, w anr Parf tMreot, widwut w~ivinp a aH~ctinq tF» option ro fa~clw~, a~r riyht Aereunder and the fvll Mnaint of~ esch ti,
~ +nd evwy sud~ W~rnt sh~ll b~ iras~dia~sly du~ rd pspaW~ and ~11 bear inurear i.om ~M daro ~haeof until w~d ~t ~M ~are wovided in ssid noh and wyefF~ar •
'F' witA aucA inlarest sMll b~ securw bY IM 4w? of Ntis enw~q~y~. o- ~
~ I. ?MI ~wrf~p~~. ~ep, et ewp fn~~ d~rriw0 fb ~lyo0~ 1~rw, o~d ie ib di~cr~?aw, oppl~r iw r~w~wd o1 ~or~qo~ ouera~fp waure~a oewrlq IM ~ t
wwtYe~ ~:~cvl~d bp N» vnd~nqs~d ow ~ww doN IKr~.riN~. Pep tIN prewiviws dw bp nosow 1Mr~of, owd rpvin ~~por~wt bp tM ~rwd~ni0rwd e( TA ~
~ svth o~eunb w or~ odoanced bp soid sor?~opN. In N~e wtn/ of (ailvr~ bp tM uwd~rsS~d b r~pop wid o~nb b wid ~ortOo~~, svth fe~~n ~MaM ~~c ~
b~ cow~r~d o d~loolt, owd dl promaiows e( th~ ww~ ond wortyoq~ ~r~ repwd ro d~(auh slwfl b~ opplicobl~. '
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S. To pami?, ca+rnit a wNsr no wuU, imp~irm~nt or d~Nriaafion of uid prop~ny, w anY ou? fMreol. ~nd upon M~ ~~ilw~ o( tM n~orfpaqa b keap d» ,
b~ilGny~ on ~aid popny in qood~cond~tion of ?~Wir,'tM N1afq~yM mrp d«mnd th~ inrnediah rep~ir of wid br~ld~rg~, a~n inueas~ N~ tM weomt of wcuritr. j
~ ~M in~dim rp~yn»n~ o( ~M d~bf her~bp wcw~d snd tM t~ilw~ of dw JNortp~qw to caeply with said daNnd d t!w Mwtq~yw ta a priod o! thin~l . q0) f
~ d~tA, sMtl c~stiwN ~ be~d~ of this mwt9~q~. ~nd. tl tM op~ion of tM MortqapN. imm~d:sNM nwtur~ tM ~ntin ~mount oi O~~~Pd snd inh~~st her~bir s
~ a~cwed, and i~n..~e~~st~ty : ~nd witl~wl ~w1iu, eM Mortp~pw mtp imtifvh' pocMdinp~ a(a~closi thts monyrp~ ~nd pply for tM ~ppo~mmem oI a R~cs~v«, ~s -
h~re r~/re p v. ded
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