HomeMy WebLinkAbout1231 TO HAVE AND TO HOID the same, together with the teneme~ts, hereditaments and appurtenances, unto the
Mortgagee, in fee simple.
AND the Mortgagor dces hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful righl to convey said land in fee simple as aforesaid; that it shall be lawful for the
1~lortgagee at all times peaceably and quielly to enter upon, hold, occupy and enjoy said land; that said land is free
from all incumbrances; that he will make such further assurances 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 whomsceve?.
PROVIDED, ALWAYS, that if the Mongagor shall pay unto the Mortgagee the certain promissory note of which the
following in words and figures is a irue copy, to-wit:
~ COMMUNITY FEDERAI SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH '
~:~IIr#~tt~E ~o#P
~ RIVIERA BEACH, FtORIDA September 1973.
~ Beinp indebted, fw v~lve received, tha unders~yned 'p~ntly and severally prom~se to pay eo COMMUNITY fEDERAI SAVINGS APW
IOAN ASSOCIATION OF RIVIERA BEACM at ib office in the City of Rivier~ Besch, Fbrids, or order, the sum of SIXTEEN THOUSAN
SIX HUNDRED AND NO/100-------------------------------po~urts (s 16,600.00 ~
~ ro9erhe~ w7~h interesr thereon as hercinafrer statcd ~n monthly inst~ltmtnfs of One Hundred Forty-Three 1AC~
( ~ 2~10 DOUARS (i 14 3. ~ 2 ?he first irutatlment shsll be due and psy~ble on ~he tenth
~ day of Mareh » 7 Q and :ubseqvent ins~allmenn shall be dve and payabk on the tenth
E day oi each and every ukndar month thereaher until the principal and interest are fully paid.
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~ larger sums may be paid at any time, but the payment of any such larger sums in addition to the p~yments here~n required shall
~ not relievr the makers of the psyment of the mon+hly installments here~n provided for, unleu it is specifically stipulated by the makers at fhe
~ t~me of payment that such larger sums are to be appt~ed to the advance payment of the monthly insrallments next maturing in the wder of
the~r due dates. All paymen~s made upon th~s ~ote shall be spplied first to the payment of ~cvued interest and secondly upon the priacip~l_
~ This obligstion shall bear interest from date at the ratr of ~:1Cl~'lt & four-tenths pe~ ctM ( 8. 4 ~L)
~ per ~n~um until the principal ~nd intetesf are fuliy p~id.
I Interest fa each calendar month shstl be accrued or~ the f~rst day of said month and be computed on the unpaid balance of principal
and interest exisring on the Iast day of fhe preceding month. This ~ote shall be cons~dered in default when any payment required ~o be
I made hereunder shall not have been made within thirty days folbwing i~s due date and shall remain ~n default until said pa~ment sMll
~ have been made. While in default, th:s note shall bear intcrest at the rate of 10 ~ per annum in lieu of the r~te here~nbefore specified.
' All makers and endorsers now or hereafter becom~ng parties hereto jo~ntty •arrd uverally waive denand, not~ce of non-payme~t ~nd
~ ; protest, and agree that in the event of .default in the payment of any installment dut hereunder the whok of said indebtedness shs0 tF~erc-
~ upon at fhe option of the holder, ~ become imrrudiately due end paysbk, ~s?d if this note bemmes in default ar+d 'n p!aced in the hands
~ ! of an anorney for collection, to psy reasonsble attwney's iees and all other costs for making such collection.
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{ ( This ~ote may be p~epaid in whok or in pan at any rime witho~t penelty.
F
s S/ J. WAYNE DOLSON
. _ _ _
~ J. Wayne Dolson
~ _ ----------------------------------~s~?U
~ ~ . MARY---E'---DOLSON-------- -------(s~?u
~ I Mary E. Dolson
f - - - csEn~)
~ ~(This note is tecv?ed by a mortgage of even date executed by the maken ~r ra.cr ot Community federal Savingi and loan Assn. oi Riviera Beach)
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and shall pramptly 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 shal! cease and he null and void.
~ AND the Mor:gagor dces hereby covenant and agree:
~ 1. lo pay aM ~nd s~nqvlar tM D~~M~P+1 ~nd interest ~nd other wms of maney payable Dy virtue oI u~d prom;ssory note and tl+is morty~pe, or e~ther, promptty
r~
on fM d~rs respecfively, the same s~versllr cane due.
1 1o pay a11 and s~~qo~u rhe ~a.es, assees~r.e~+s, ~e..•~.. ~~e~~Lnes, oE~~9at~om a~d ~r.c~..~G~..ncei ol .~e.y r+awrc oo sa~a oescnted p.oper~y exh and e~er~
+.hen d.e ~nd w~ab~e auordmq ~o ~a+v, befwe rhey become del~nQUen+. and ~f ~he same shatl nor be nromp.ly pa~d rl,e Morrgagee may ar anv r~me r~her before
c. a(~es ~eLnqvencr oay ~he samc wn~o~r waw:ng o• a~fec*~ng ~~e oor,on to ~weclose, or anr nyht he~e~_ndr~, an~ r.e~y pavmenr so made s~a? bea• ~nre•es~ fiom
~~e da•e ~h~.eo~ ar ~he rare o•o+~ded ~a sa~d promnswy note .
- J. To kep the buld~nfls ~d a!I e~~pmeM and perional property nEw-w hereafrer on s~~d pem~ses, cov~red by th~s mortqaga, msvred in • sv.n N k»t
e~wl to the unpaid ba~ance of ttiis ma~y~9e, inclvd~rg fiae, ea~rnded cwaage ~nd vanda~:s.n ~nd mal~c•ovs ~nsu.ance ns to Wopert~es otl~er th~n dwellinqs, u+d
fue, e.~ended coveray~ and special iwm o~her Ferils inwraoc~ on dwei6ngs el~ryble }w such bosdened cover_ ~e - p~ov~ded, Aowever, thaf soch insuranc~ b~ in
amount su}(~cient to corrply witb sny co~ieswanc~ repobements covering same vnder the laws of IF~s :fah of Fiaida, and provlded fwrher that fhe po1Ky w polities
sMll be writ~en in • comp+ny w companies and thro~yh an ~yenty sstis/utwy to tl~e Mw~gayte ~nd t?~at sa~d' pol~ty a pol~c~en sh+l1 b~ Aeld by the Morf9~yee
- a~d sMll DeN • sl~~dard New Yak Morlqsgee Claus~ withoW co~tributwn, mskinq t!x los~ under said pol~cief paYable to tAe Mortyaqet aa ifa intpesl maY appes~:
a~d in the evem sny swn of money becomes para~b w~der ~~y such policy or po~ie~es, the Mortgagee shall have tMe opt~on to receiw +nd ~pplY 1h~ um~ on
~j.,~9
~i xcow~r of the ~~debtedness her~by ucured, w lo permi~ fhe Mplgayd to receive snd use et, o. any part tA~eof, (a other pvrposef, w~tlw~t thereby wsivingr+^
d imp~irin9 ~nY equ~ry, lien, o~ riqht ~nek~ and by vi~M of this mui9s9e: ~nd i~ the erent the Mo~tga9p does ~ot comply witM this covenant, tM Mottg~9N~/
may pl~ce u~d psY for s~cA inswance, w u+v p+~f Mereof, witlw~~ w~~v~nq o~ ~ifectiny tM aprion ro}w«lose, a ~ny riyht Ae.e~nder and tAe full ~maxN of e~
and every sucfi paY~nen1 shall ~e ~mm~diately dw ~nd pay~bl~ and shafl be~r inferest from the dste thercof unr~l psid s~ the rate pov~ded in sa~d noq snd logtthe~1
w~:~ w~t~ wcA interest shall b~ secww by tM I~en of th~s mwtgaye. l..i ~
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1_ TAot mort~opN. ~wp, ot anr ti~ d~riny tM ~oAqop~ t~rw, ond i~ ir~ d~uretion, opplr for r~nrrd of ~ortpop~ 9voranryr ins~rowc~ con~in~ tlw ~
swt •=~cv~ed b tb vnderi ned oo •~en dote herw~~A, t6e reiniuins due b r~oson th~rwf, and ~e vir~ re n»nt tM vnd~r ' n~d o(
a~>:° 9~ r '0 P~1 P Y V Pa1 b1 ~'9
~ such onwvMs as a~t adronced by soid mor~yopee In tbe e.ent o! failyre by ~he underiipned ro repoy wid amovnN ro w~d awortQopN, ~~ch ~oilur~ sAol~ .
b~ coetid~r~d o delovb, ond oll prorisions ol e6s eoe~ ond nwnpoye w~~th reyord ro delavlt s1w11 b~ oppl:coWe. ~
~ ~
S. To perm~~. commlt a svfhr no w~~f~, imp~~r.ntnt a deferlan~oe of s~~d Prope.ry, a any part thereo/, a,d opon tM fa~lw~ o/ ~M ma~q~qw a keep ~M ~
, b~~ld~nqs oe~ s~~d p~operry 9ood cond~tion o/ r~pair. tM Mwtqa~ maY dem~nd tM immed~~h rew~r o1 s~~d b~~ld~~g~, w~n ~ncreas~ i~ th~ amount o} security, w~~ .
~~:i ?M imened~st~ rep~yment oi th~ debt Aereby secvr~d ~nd ?M f~~tur~ oi ~M Nlortyepw w complr w~rA sa~d d~mand of ~h~ A~1o~~y~ye~ lor • ptr~od ol th~rty {30y.~;ep
dar~, sAall crost~tut~ a b`etch o/ iF+i~ mort and. ~t tM op~~on of tM Mortgape~. ~mmedufel mature eM enhn ~mame of wincipal ~nd ioqr~a~ here
y r`FC . 9+W. Y M
se:~~cd. •n~ ~m.~~e~~~ateiY and wifhoW noliet. th~ Matp~yN ma in~lifv4 oe~td~n s to /aecbs~ this mwt and I ~a tF.• soGO~^+^~e~e c( s Rrcr~.r. a~
;s~.:: Y W 9 9~9+ ~DP Y
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