HomeMy WebLinkAbout0356 TO HAVE AND TO NOLO the same, together with the tenements, hereditaments and appurtenances, ur~ro the
Mo~tgagee, in fee simple.
AND the Mortgagor dces hereby covenant with the Mo~tgagee that he is indefeasibly seized of said land in fee simple,
that he has full ~power and lawfu) right to convey 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, occupy and enjoy said land; that said land is free
from all incumbre~ces; thst he will make such further assuronces to protect the fee simple title to said land in the ;
Mortgagee as may reasonably be required; that he dces 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 Mohgagee the certain promissory note of which the
following in words and figures is a true copy, to-wit:
~ COJNMUNITY fEDERAI SAVINGS AN~ LOAN ASSOCIATION Of RIVIERA BEACM
~
~ ~~~r#~~~e ~DtP ~
I RIVIERA BE/?CM. aort~cw September -~19 7 3.
~ 6einy ind~bted, for valve rece~wd. th~ und~n~prnd jointly snd seve~ally promis~ lo pay to COMMUNITY F DER~?~~
V
~ IOAN ASSOCtATION OF RIYtERA BEACH ~t its offiae in the Gty o~ Rivisw 6eicl+, Fbrida, a ader, the sum of '1'~NTY-~
! THOUSAND AND NO/100----------------------------------~5~25,000.00 )
w~+~ u~».~~~,.rK~ :?,«a M m«+rhy ~~,t.iu~.m. ~ Two Hundred Thirteen and 81/100
~-------------~~s ~ 213. 81 ~+e fint ieatdlment shall be dw and payabk oe? ~ tenth
; day of Mareh 19 74 and svbseqvent installmeMS shall be due and payab4 on the tenth
~
' day oi each and ~very ukndar month thereafier until the princ~pal and ifltl~Kf ~t fYII~1
L~r~e? swns may be paid ~t any time, but the p~yment of •ny such I~rger sums in addition to 1M psymeets herei~ rpuirsd ihali
; rot relieve the mak~rs of the payment of the monfhly insteflment: herein providtd fw, unku it is specifically stiputated by the m~k~rs ~t the
r~me oi payment that svch I~r9er sums are to be applied to the advance psyment of the monthly irotallm~nts rwxt mal~~iny in tht ordsr oi
rheir due dates- All payrrKnts m+de upon this note shall be ~pplicd fint to the p~ymenf of ~arued intcr~st ~nd secondty upon fhe principsl.
ihis obli9ation ihatl besr interest from date ~t the rate or Eight and three-tenth~.. ~r ~ 8. 3 !6)
per ~nnum ~ntil the principal snd iMertst art fully p~id.
j Interest for each ukndar month shall be scuued on the fint day of s~id month and 6e computed on the unpaid bal~~ce of prioc~p+l
~ snd interest existirg on the Iast day of th~ preceding month. Tha no~e shall be considered in default when any paymsM requind to bt
; madt hereunder shall not bave been m~dt within thirty d~ys folbwiny its due dat~ and shall r~msin in de(ault until said p~yment sMM
have 6ecn made. Whik iR defaoh, thl: oote sha~l be~r ioterest at the nte of 109f. per annum in lieu of the nte i+sninb~fore speci(i~d_
All maken and endorun now w hereaher becop~inp puties herefo joimly and sevenlly waive denand, notice of nw~-paymem ~nd
protest, a~d syree that in the event of defauh in the p~yment of sny irnt~llmcnt due hereunder the whok of said indeb+edneu shall therr
, upoo ar the option of th~ holde~, become inwi~cdiately du~ ~nd payablq .and if thia note bcmmes in default and k pl~ced in tM Mnds
~ of an ~ttorney fw colkction, ~o pay re~soeubk ~Horney's f~es and aIl oth~r c~et for tnakirg svch colkction.
~ This note may be prepaid in whok or in p~rt af ~ny time wi~hput p~n~lty:
k
.
i ; . --~---_P~_.ji~ PF TNCTQN ____:.lSEI?l)
; I ' Paul L. Perington
~ _____cs~w
~ ` ~---~--LILA H~ ~~HS~QN ---------csFwu
~ _
' Lila H. Perington
' .
~ ' - -----~cs~?u ;
~ ~(ihis nou i? secv?ed by ~ mo.t9~ of even date execvted bY the m~ker~ .n ir~o. of Commvnity Feder~! Saving's and lwn Asu~. of Rivier~ Beach)
~
~ 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 does hereby covenaM and agree:
~
~ To pap afl and sirg~l~r tM pincipal and interest and other swro of money payable by virt~e oi seid w~~ssory note ~nd this mort~y~, a eitF~er, pompNy
~ on ~M d~yi .asp~ctiveN, the a~me sev~r~llp cam due.
i
~
~ 1o paY +11 ~nd s~nq~l~r tAe taaes, assessmenls, Itv~es, t~ab.l~nes, obhqa~~ons and ~ncumbsnces of weiy narvre on sa~o aexnDed
properry e~ch snd every
r «~.en due and paya~te accwd~ ~o taw, be/we rhty beco~,~e del~nqvenr. and ~f ~he same ih~ll nor be oromp~l p~~d the Mu.t a
~ ^9 r 9 9K ~^+Y ar a~y f~me e~rher befae
u .r alte~ de4nqrencr p+y ehe ssmt w~~~out wa~rlnq a a(lect.nq ~Ae opnon to laedose. or anv riqht Aereunder, and everr paYme~r so made shall bear mrerest from
•^e da~e ~hereof ar rl,e .are p.ov~ded ~n sa~d pom~sswY ~+o~e.
To 4ep ~lse bvild~npa ~rrJ •tl equipn~nt and person~l properh now o~ Aeruiter on said p~em~ses, cove.ed by fhis morfg~q~, irowed in a svm ~t Itait
- epwl to tM w~p~id b~4nc• of th~s mw~q~ye, inchrd~np firt, e~tended cover~ ~nd vand~l~sm and malic~ovs intiurance ~s to poperties oNwr Nyn dw~llinyt, and
f,re, eatended cov~raqe md speci~l fwm al+e~ perils imwanc~ on dwell~ngs elipbb fw such bosdened cover_~e - pror~ded. Iwwever, th~t s~ch inHx~nc~ b~ in
= anwun? svtficient ro co~nply with any co-irowa~c~ rp~rireme~ts cove~irp same ~nder rhe lav~ of th~ ;~a~~ of Flwida. ,nd P.or~ded fur~Mr N,ar *he pol~cy a potK:es
shall be wrin~n in a comp+nY a comp~ewn and thrarqh ~n ~pency satisl~ctory to tht Mor~qaqee and tha~ uid policy pf pplitiy sMll b~ held bp tM Mwlpay~e
- ~nA sh~ll b~r • i~andard N~w Ywi MwtqaqN Claus~ wi~hout comrib~tan, m~kinq the loss wwle~ ssid pel:cies piyap{e a the Mortq~ye~ as ib int«est m~y ~p{iea~:
~ and in tM event ~ny wm of narry becomes pry~bl~ urd~ snr such policy a pot~e:~s. the Mwtqsqe~ shsll Mve tM option ~o receiv~ w~d applr th~ sanr on '
- accoum of tM indeb~~dness her~Ey senrred. p b p~rmit Nr Mort9aqor ro receive and vu ~t, or ~ny part Mereof, tw oMer p~poses, withouf tMr~by wsive~q
w irnpurirq anY puitp, lien. w ~iyM undK and bp virtw of tF~ia mo~tyaq~: ~nd in ~he e.~erN tM Mw~paqor does.not comply with M+is coven~nt, tM lNoriy~p~~ ~ -
- ^~+y P~K~ and Wr for s~cfi irour~nce. « N+y part•M+ereof, wi~Fwut waivinp w~f(~ctirg ~M opt~o~ ro i«~cbsi. p arhr riq1+1 he.evnder ~nd tAe full ~mount of e~ch
' ~nA evwr sucA pay~n~ sfylt M:mm~diatelr c~w and p~y~bl~ ~ed shrtl bear interest fran fM date thereoi until paid a~ fhe rate prov~ded in ssid nob ~nd toyNhe? M
w~tr sud~ inMest sMll b~ secwW bY IM INn o( thi~ nw?tq~g~. ~i
ya
r:
• y~
ti 4. Ti~e ~wpe~~. ~wp, a~ wr li~ dv.iwQ tb wwpep~ hrw, osd in i1s~ discr~tioe, opplp for r~w~v.d ai ww~9aW Yuwewlr iwwrowu cerrrin~ IM ~
r; w~wtPep~ ~a~c~~d bp th~ ~nd~nqw~d on ~r~n daf~ A~r~riti~, pop 1M pr~~wws dw br r~osow ~Iwrwf, ond rp~G~~ r~popw~wf bp tIN ~rwdsr~d e!
y~ ~utl~ o~nM oa a~~ od~oeced bp wid marf9o~~t. In M~ wen~ of fa:l~r• bp ~M ~nd~raipMd b rpor wid onwunM ro wid wortpopN, ~vtA loilrn ~AoM ~
~ b~ conaid~r~d o d~fooN, and dl prorisions oI rM woq ond ~ortpop~ w~M r~yord ~o d~iovlf sAoll b~ opplicobl~. ' ~
~ ~
S. To v~~nn, carvn7t w wf1~r no w~sr~, imq~rma~~ or d~h~~a~rion of uid o~ow~h~, a+~+v o+n ~herwl. ~nd u~wn ~M }~ilw~. oi N~ muty~qor ~o ke~o ~ ~,K
r=i b~rild~nqs an s~~d prop~rry in qood ew~d~ion of rpair, fM Mwtq~qN ~sY Cansnd tM iere~d~a~~ rpa~r o/ saiA bv~ld~nyf, o~ ~n incre~w in tM ~ewunt o! stcuritr, w at~
rh~ im.n~QiH~ rp~rnwnt bf Mw deM her~by ~ecw~d ~nd tM f~~hx~ of th~ Maty~pw a co~noh w~tA u~d danand of rM Morrp~~e for • puiod of thutp (30) ~;f1
~ d~rs, aM0 cann~vr~ • brNCA ei Nw~. ma~paq~, ~nd. ~r rM op~ion oj N+e MortQap~e, im~ned.~i~h nwew~ ~M Mtlf~ ~~nou~t of winciwl w+d innrM Mr~M -
+ecu.eH. •rv! in..~ei~at~ly ~nd witF~oul notic~, tM Morip~QN may imtiM~ procMdinqs ~o (a~clos~ fh~s n+pty~p~ ~nd pp17r fo~ tM ~ppointment ol • Rsc~~.e~.
~ Er~. ~~t~e. F.,c. _ ' ~ .
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