HomeMy WebLinkAbout0825 TO HAVE AND TO HOID the :ame, together with the tenements, hereditaments and appurtenances, u~ta the
Mortgagee, in fee simple. ~
ANO the Mortgagor does hereby tovenant with ihe Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful ~ight to oonvey said lanci 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 e~joy said land; thst said (a~d is free
from all incumbrances; that he will make such furiher assurances to protect the fee simple title to said land i~ the
Mortgagee as may reasonably b.~ required; that he does hereby fuliy warrant the title to said land and will defend the
same against the lawful claims of all persons whomsQever.
PROVIDED, ALWAYS, that if the Mortgagor s ah II pay unto the Mortgagee the ce~tain promissory note of which the
following in words and figures is a true copy, to-wit:
•
I COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
~
4 C'~~rr#~~$e ~II#~
± RIVIERA BEACH, FtORIDA October / ~q73. t
~ leinp indeb1ed. fp v~lve receiwd, th~ undersipMd jointiy and uver~lly' promise to pay to COMMUNIiY FE~ERAL SAVINGS ANO
j tOAN ASSOCIATION OF RIVlERA dEACH ~t its offics in the Gity of Riviera Be+ch, fbrid~, a wder, tM awn oF FORTY~Z'~
, :
~ THOUSAND SEVEN HUNDRED AND NO/100--------------------~ ~42, 700.00 ) '
; eoy~tha with imerest thereon a: hereinaf~e~ iqted in monthly ~~.iu~.m. o~ Three Hundred Sixty-Five Vlt~ ;
i 19/100------- oo~uas n365.19 The fint insullment sMll b~ dw u~d payabk on the tenth =
;
~ day of Apri 1 19 74 ~nd :vbsequent ins~~llmems sFull be due and p~yabl~ on tl+e tenth ~
! da~ of ~ach and every ulendar month there~her until the p~inc~pal and iOtNlff if! fYII~I wld.
i luger ttrms may b~ paid at any time, buf the paymeM of any tuch Iarger sums in addition to fM paymcnts herein reqvired sMll
not relitve the mak~rt of tht payment of the monlhly instellmcnts herein provided for, unku it is :pecifically stipul~ted by the maktn at the
?~me of p~ymeM that such lar9cr sums are to be spplied to the +dvance p~yment of the monthly irotallments next maturiny in tht wde~ of
+heir due dates. All payments m~de upon this note sh~ll be ~pplied fint to the paym~nt of acvued interest and secondly vpon the principsl.
Thn obliy~tion shdl bear interest from da~e at the r~t~ ~ Eight & three-tenths p~r am ( 8. 3 x)
per ~nn~m until tF~ principal and iNetest u~ fully p~id.
i Interest for each ukndar momh shill be scuued on the first day of said month end be computed on the unp~~d b~l~nce of prinupal
! and interest existing on the last d~y of the preceding momh. lhis note shall b~ considered in defavlt when anY p~ymsnt reqv'ved ~o be
made hereunder shall not have been made within th'aty days folbwiny its due date •nd shall remsin in def~uh until said p~yment sMll
have been made. Whik in defauh, th:s ~ote shall bear int~rest ~t tht rste of iOSfe per annum in liev of tF~e r~te her~inbefwe specifi~d.
All maken and endoaen now w hereafter becoming partiet herero jointly ~nd uverslly waive dersand, ratice of ~wn~ayment ~nd
; protest, u~d ayree th~t in the event of default in the p~yment of any irutallment due hereunder the whok of said indebtedneu sb~ll tF+~re-
upon st tFx option of the holder, bccome imrnediately due and ~iy~bk, snd if th~s note beoomes in default and is pl~ced in rhe Mnds
of ae ~trorney for colkct;on, to pay reasonabk attwne~/: fees and sll othK costs fa makirg such cotkction.
This note may be prepaid in wlal~ w in part N sny time without pen~hy. .
; . SI~---3l.IZi1(.'F.Tl'1'_~~ES T•nV~T.V~ l----_____-~SE~`u
,
:
' ~ Vincent James Lovalvo
~ ---------------(sFwU
[
~ ~ -~,4:lOal~_~1:._ LV Y~iL V~--------~--------------~Al~ -
? ~ ?ia'ry R. Lovalvo ~
~ - - ~ cs~u~
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~ i(n+~s no~e A secued bY • mortpa~e of eve~+ date executed br the makers cn 4avor of Community federal Savingi Md twn Assn, of Ririera de~cl+)
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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.
s
5
~ AND the Mor~gagor dces hereby covenant and agree: .
~
~ 1. To wr «+d s"v~yulu tM pincip~l wd interesl ~nd other svms d money pay+ble by virt~e of said prom~ssory note snd this mwtyp~, or tither, panptly
y o„ ~h~ d~ps r~sp~ctiveM, tl+e s~m~ s~v~r•Ur coww due.
~ 2. To pay all and s~~q.+lx ~he ra¦es. ~asessmcn~s, lev~e~. IuD~l~~~es, obl~ga~~ons and .ncw.+brance~ of rve~~ narure on sa~o oeunbed popertY exA and eve.y
~
..hcn due and wv+~le xcad~nq ~o I~w, be(we ~her be~ome del~nquen~, and ~f ihe same sh~ll not bt p.ompdY pa~d the Mo~~g~gee may a~ ~ny nme ei~he. belwe
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,r alu' deLequency pay tF.e same wnRou~ w~~v~nq p affec~.ng the epr~oo ro faedose, o~ sny ngAt hereunder, ~nd evdv ~aymem so made shal{ bear ~nferesr }rom
°e da~e ~hereof ~r rhe .are po.~ded sa~d prom~ssav ~o~e
r
To 4ep the bvild~nqs and ~II p~ripment ~mi perio~al pop~r~y now w hae~frer on sa~d Wem~ses, covered th~s mwr
by qag~, inswed in • suen 1t Ifast
~ e~wl to fhe w+paid b~ance o1 this nar~y~y~, :ncludiny fir~, ea~ended covenpe snd vandrlism and mslic~ovs i~swance as to properties oMK? than dvwllirgs, and
f~re. e,emded covaay~ and apeu~l form olher p«ih im~x~nc~ on dwell~nqs eliqble fa si.ch broadened cwe+..~ - prov~dcd, howwer, tAat s~ch i~xrr~nn 6~ in
~s a~nounr s~.(fici~nr to comply with snY cairowu~c~ rpwremenb coverinq sam~ vnder ~M laws of the ;ute o( Flwid~. ~nd pruv:ded fwther th~f rhe policy w polici~s
thall b~ w?i1Nn in • cornpsnY.w c
o.npywes and eMovyh an pency satfffutory to tM Mw+yayet. and tMt uid policy a poliup sA~ll b~ held by tM Mwtysq~e
and ahNl bear a standsrd i~Nw Yak Mw~pay~e Clws~ witho~t contribv~ion, makinq the bsa under sa~d pplKiH psYSblt to th~ Morly~qe~ ~s iri interesr map appea:
and :n tM evem ~ny wrn oi ~+wnty becanes pay~bN ~rrdN arhr s~ch policy or po~icies, the Matyaqe~ shall have th~ option 1o receiw snd apply tM aam~ on
occowu o/ ~M ind~bt~dness heieby sacw~d, a ro qrmit ~M Mortq~pw b receiv~ and uu it, or My p~r1 Nweof, iw other purposes, withaA Mer~by waivinq
cr ..npairinp p~Y ~quihr, lian, a right ~rr~ and Ay vi~tw of ~his morrqsq~: and th~ evcnt ~he Mw~q~qw does not comply with thia covenanf, IM
R+aY P~+~~ Md WY fa wch Msw~nc~, a any pah thereo(, wi~hout waivi~9 a~ft~u:nq rM optiw~ to fw~clos~. w~nY riqht here~nder ~rd tMe f~ll anaun o( e~
a.~A evwr wch payen~nt shall bt inrn~di~relp dw snd wr+b~. +nd s~++u bear interea~ irom the. date thereof ontil psid a~ the rate provided in said noh and t
" w~tM tutA inlerest sh~ll b~ ~ecwW bY iM INn of lhis mwlya9e-
" 1. TMI wertOeq~~. ~op, ef awp lir d~ruq 1M wwtpo~ t~rw, ond in i?~ diar~tiow, opplr (o~ r~wwd oi ~wpap~ 9ewadr iws~rowu tewriw0 IA~ ~
inwt4oy~ u~tvr~d by tb uwd~nqn~d ow wM doM Aerrwith. pap tM prawiu~s dw by r~oson tMr~oi, ond rp~in rtpapMn/ b~r 11N ~~nipw~d ei
fvcA uwovnM m-or~ odranced bp wid ~ortyoye~. In tAt even~ oF lo:lvre br M~ und~rspn~d to r~poy wid a~ovnM ro wid ~orfpop~~. sutA leil~r~ ~Ao11
b~ confid~nd o d~fovh, ond dl pro~ri~~ons of N~e eot~ ond iwon~oye r:th reqord to d~fo~lt slwll b~ opplicoW~. '~j '
S. io p~nn;?, conrnit or wfter no wsaN, i~~~~1 or deteriorNion d s~id oroptrty, a Wry o+rt thereol, ~nd upon ~M /~ilw~ of tM mortppa. to kt~ NN
~ ~
b~ildinqs on uid pop~rtp i~ qood eaid~tian o( rpair., tM Maty~qN wrY d~und tM i+wrewdisr~ r~ir o1 u~d bu~ld~nqa, or an inueas~ :n M» ~rnount o1 wcwity, a ~r
th~ irnn~d:u~ rpaynw~t oi th~ deb~ haeby s~cvred ~~nd th~ I~ilw~ d tM Mortp~po? ?o cwnplf wiM said dM+and of ~M Mar~Wpee for • pKiod of thi~tp (30) ~rj -
~ d~r+, ahdl consr~~w~ • breKfi of ihis mortqay~, ~nd. ~t t1» oprion o/ t1r Morty~qw, i~r..ned~nely m~tw~ tlr ~m7n ~mo~xn of a~~c;o.t ~nd inrn~s~ Mr~b~r a~
~ tec~~.ed, •n~ ~T,.-._j~araly ~nd w,rhoW nWie~. 1h~ Nlprfpap» rNy im6hM ~
prot~ed~npt ~o fw~clos~ this mwtp~q~ ~nd apply iw /M ~ppw~tn~ent o? a Reca~~cr. e~
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