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Home My WebLink About0163 . TO HAVE AND TO HOLD fhe same, together with the te~ements, he~editaments ar~d appurtenances, u~to tfie Mo~tgagee, in fee simple. AND the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simpie, that he fias full powe~ and lawful ~ight to convey said land in fee simple as aforesai~l; that it shall be lawful for the Mortgagee at all times peaceably and quietly to enter upon, hold, otcupy and enjoy said land; that said land is free . from all incumb~ances; that he will make such further assurances to p~otect the fee simple title to said land in the Mortgagee as may reasonably be required; that he does hereby fully warrant the title to said land and will defend the - same against the lawful claims of all persons whomsoeve~. ` : PROVIDED, ALWAYS, that if the.Mortgagor shall pay unto the M~ngagee the certain promissory note of which the { following in words and figures is a true copy, to-wit: . - ~ t _ ! COMMUNITY FEDERA~ SAVINGS AND LOAN ASSOCIATION OF RIVIERA dEACN ~~Dr#~tt~E ~D#e RIVIERA BEACH, F~at~~w September 18 ~~9 73 • 8e'a~y indebted, fw v~Ive receired, Hr undengeNd jointly snd uverally promis~ ~o pay to COMMUNIiY fEOERAI SAVtNGS M!D IOAN ASSOCIATION OF RtV1ERA dEACH at irs offiu in the Gty of Riviera Beach, Florid~, o. order, th~ sum of TWENTY-FOUR THOUSAND FOUR HUNDRED AND NO/100-------------------- oow?~s tt 24 , 400 . 00 ~ royerh~r with interc:t rF~sreon a: herefn~fter suted in ~,~,~n~,? ~t.~un.m. o~ One Hundred Eighty-Three and ~ 51/100------~au?~s ts 18 3. 51 ~ f~t ~r.iu,~~ .~n ~ d,,. .~,a P.y.b~ a+ ~ tenth d~y of Mareh • - 19 7 Q and :~rbspvent inst~llments s1u11 be dw se?d psysb4 tenth d~y of cach and every c~l*ndar month ther~sher ~mtil tl+s principal ~nd interest u~ fvlly p~id. I larger sums eiay b~ paid at any time, but the p+yment of •ny s~ch larger sums in addiYwn to ths p~ymer?ts herein required sMll not relieve the makc~s of tF~ payment of the monthly irutallments herein provided iw, unless it is tpecifically st~pulattd by tha maken ~t the u t~me of paymemf that such lu9er sums are to be applicd to the sdvance psyment of the monthly ins/allments next maturinp in tM ader of their du~ dates. All payments made upon thK ~ore shall be applied lint to the p~yment of acausd interest and secw~dly upon the princip~l. Th~s obliy~tion shall tx~r interest from date +t the r~te of seven & seven-tenths Pp pM ~ ~ 7 x~ per ~nnvm until the ptincipal snd interest are fvlly p~id. Inrerest for esch ukndx monfh shall be ~cuved on the fir:t day of said month aeid be campuled on the unpaid Mlanc~ of princ~pal i and intere:t existiny ori tfie lut day of the precediny month. This note shall be considered in default when any payment rpuirtd to be f .n~de hereunder shall not have been mad~' within thiAy 'days folbwinp in due date ~nd sfull remiin in de(ault until said p~yment sMll ~ Mve been made. While iR defavh, tha ~+o?e t1is11.b~ar~interest at ths r+te of.10% p~r annum in.li~u of t?ie.ratt Frr~inbefwe sperifi~d. ~ ' All maken and ,endorsen now or hereafter becomirg pMrtiet herefa jointly ~nd severa(ly. w~ive de'na~d, notice of noc+~paYmcM ~nd i ~ protest, snd ay~ee that in the evcnt of default in ~he payment of any insqllment dw fxreunder the whok of s~id indebtedneu thall there- ~ ' upon at the option of the holdcr, kxcome immediately due and payabk, and if tl?is note beoomes tn dtfauh u+d is placed in the hands q ~ of an anorney fw cofkaion, to pay reason~bk attwney s fees and all other cosn fw makug such collection. ~ E This nots may be prepaid in whok or in psA ~t u?r time withwrt pen~hp. . ~ ~ S Nicholas A. Mottola __T_ ~ _._.1..._._-- -_~cs~,w ~ ~ NICHOLAS A. MOTTOLA `C-'` f ~~_.`_~~._~__""_"_~~.t.~.~M ` ~ ; S/ Mary A. Mottola ~ ~ ` ` ~~u ~ IKARY A . MOTTOLA ~ - -----•----cs~?t) Y~ p : (This note b secued by • mor~p~ of even date execvted br the m~kers ~n favor ot Communiry Federal Saving"s u+d loan Asu~. of Riviera 6ead~) i ~ ~ ~ . ~ and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, mnditions, and 1 ~ covenants of said promissory note a~d of this deed, then the estate hereby created shall cease and be ~ull and void. ~ AND the Mor~gagor dces hereby covenant and agree: ~ i. io wy ~n +nd s'~nw++~ e~e w;~w~ in»ra~ u~d other swro o( monaY P+1raMe by virt~e of aaid prom~ssary note snd this mortyy~, or eithtr, promptly ~ on tM d~ps resoK~~veh. tM s~m~ sMrsl y con» dw. ~ . - ~ 7. To paY all and s~nq~+tu ~he ~a.cs. nsessmeMS. lev~es. I.ab~l~~.es. obl.gat~wn and ~ncwnb.ancea of ~very natu.e on u~o ocu~~btd pope~?Y e~ch and every ~ when due and pavaAle x~ad~nq ~o law, befwe rhey betpne del~np~en~. and ~f rMe same sMll nof be Dromplly pa~d ~he Nbr~gayee maY at any nme e~rher beiae -y u alie~ deLnpuencr oay she same w~fho~t w~~v~nq p ~NKhnq ~he opYOn ~0 laedou, w any nqht be~eu~de., and crery payment so made shall bear mterest Irpm ~ ~4e da!e ~hereol the rare ww~ded ~e aa~d aom~asar ~~e 3 3. To kep th~ binldirqs and sIl eq~ripment ~nd person~l poperty now w hae~tter on ssid p~emises, covered by ~his mortg~, inswed in • swn at k~at ~ equal w th~ unpaid ba~anc~ of M:s morep~g~, inctuddn9 f'u~, e~teeded covM~qe ~nd vsndslis/n snd malic~ous insura~ce as ro poperties WMr than dwellinqt, s~ ~ " fire, eatended cmr~ a~d special (am aF~er perih irwrranc~ on dwell~nqs eliqbte (a such b~o~dened cover_~e - pov;ded, howwer. M.~~ svcA inwrsnc~ b~ in c =y~- ama.n~ s~rifici~nt ro coenply with anY co-i~nw~nc~ rpuiremenb coverinq ume ve~der M~s I~ws of th~ ~ut~ oi Fbrid~. ~nd orov:ded fwther that tAe policy a policies ~ sMll be wrin~n in s conM+nY w companies and tMaryA an "spency satisfac~ory.lo ~M Morrqaye~ ~nd tMt uid policy or policies sMll b~ held bp tM Morty~q~t y ~nd stull bear • s~~drd N~w Ywle Mw?q~q~e Ctau+~ .viH~o~r1 connibwan, m~k:ny ~he bu ~w~der sa~d pol~cies paY~bb to ~M Mortqaye~ a its inter~st mrr apyex: ~ 1 ~nd :n ~M ~v+m ~nY awn o~ momy becomes WY+bN urd~r ~ryr svch policy ar pol~uea, the AAwtgage~ sMll Mw tAt ePt:on ~o receiw ~nd applr N+t sa,n~ on xcawN of ~M ind~btednesa her~bq secwed. w ro pMinit 1!w Matp~qor ~o receiw and use a anp put Mereoi, iw aAer pwpoa~f, witharl 1Mteby w~iviny ~ . o~ imp~~~in9 +iW «NiW. lien. w riqM wKMr ~nd bp virtw of this mwtyaqe; and :n fM event ~he Mo~~ysqor does not ewwP1Y wiffi flvs cww+ant, fM MoA~qe~ ~+Y P~ +~d WY fw such insur~, a«+Y w~1 M~ereol, withoul w~iviny a df~ct:nq tM option ro f«~c{os~, a~r riyht 1~sr~mder ~..d ehe Ivll ~mount of each ~ and evwY sutfi paYnrnt sfi~ll b~ inrrrd:atefy dw ~nd pnrable and yFwll ber in~esl irom th~ date tMreof until pa:d i~ IF~e rate povided in said noq a.d toyaAier• witr wtA inMesr shsll b~ fecurW by dN INn d Mws mwlq~yt. i~ ~ r; 1. iMl ~ort0o0M. ~o~r. ~ ayr Kw~ dvriwy fM ~srtOoq~ hrw, owd iw its d'ncntiw~, appl~r fo~ r~w~wd of ~atOay~ y~wroMp iwwrawc~ cowrin0 tM~ ~ wwloey~ ~~art~d br 11» vwd~nqw~d on w~w dob Mnri1A, pop tM prewi~ws dw br r~oww tlwreoi, ond rpwr~ repepw~wl b~r tM ~wd~rai0w~d oiA' sYCb a~oonb m or~ od.onc.d br wid inortpopee. In ~Ae ~r~nt of fo~lvre bp the rnd~raipn~d b rpop soid owaunb ~o wid ~ortoo~~, urcl~ /oilvr~ ~Aoll~~[ b~ con~r~d o d~1ooN, ond ofl pro~risioes of Me nob ond wwnpop~ .~th reyord ~o ddo~N siwll b~ opplKOW~. p~~j ~ . S. To pK~nit, cammr w suffu no waq, irnp~~~~n~ a dNer:wnion of wid DropN~y. a any wrt tlx~~of, and ~pon ~M f~ilur~ of ~M ,nar~ypor to k~ep tM - • b,iW:ny~ on taid propKty :n pood <ondrion ol rp~ir. fM Mortqsqw ensy dMmnd ~M imn~d~~» rep~~r o/ sa~d b~~ld:.y~. w M if1C/NN in tM amou~nt oi wewiiy, w az MN imnwdi~q r~p~ym~n1 01 11M d~bt M?~by ~~cur~d ~nd tM f~ihrr~ of Nw Morlq~pot to cu~yrtY wilh s~id d«+w+d ot th~ M1or19ag~~ fw • paiod, Of tAi~r pOl d+r~, sAall canr~r„?~ • D?wch of this monyrp~, and. st th~ oprion oI N» Mon9+N~, i~aqlp matwe tM ~ntin ~mo~w~t of o~incip~~ ~nd in?N~st Mr~br a~cwed, and im.~~~~t~ly ~nd witharl ~otip, tM MortpeyM mnr imKtvN proc~ed~~ w fa~clos~ this mortpaya ~nd appl7r fa M~ ~ppoin~m~nt ol • RK~ivN, •f h~.r ~s(~e~ c~o~.:drd . . . . , . a ' ~ < - y M -r : . _ _ . . _ . . . - . _ . : - , _ ,