HomeMy WebLinkAbout2442 TO HAVE AND TO HOLD the same, together with the tenements, hereditaments and appurtenances, unto tfie
Mo~tgagae, i~ fee simple.
AND the Mortgagor does hereby covenant with the Mortgagee that he is i~defeasibly seized of said land in fee simple,
that he has fulF power a~d lawful right to convey said la~d 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 f~ee
from all incumbrances; that he wilt make such further assurances to protect the fee simpte title to said land in the
Mo~tgagee 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 whomsoever.
PROVIOED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the ce~tain p~omissory note of which the
following in words and f+gures is a true copy, to-wit:
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA dEACH
~~r#~tt~e ~p#e
- aiv~ew? e~?cn. F~ortia? September ~•~9 73 .
~ Eeiny indebted. fw wlue rece~ved. th~ ~x~Jcn~yntd joinll~? snd sevenlly promiw to pay to COAAMUNITY fEOERAI SAVINGS AND
IOAN ASSOCIATION OF RIVIERA BEACH at its offioe in tM Gty of Riv~en eexh, Fbrida, a ade?, th~ swn of FORTY THOUSAND
~ FIVE HUNDRED AND NO/100-----------------------------"~~ ~ 40 , 500 . 00 )
~,~~i,.. w;~ ~~.ec~.f«. :rn~a M~tnir .~+.ia++.m. of Three Hundred Seventeen and
~ 98/100-------~~?RS cs 317 . 98 1 TM fint inst~llmeot shsll b~e dw and pay~bl~ on the tenth
i d.,, ~ February ,974 .~,a ~,.i~ :ti,u ~ .~a P.,,~,w a, ~ tenth
' day of each •nd every ukndar month then~fter until tl+~ principal and interKt ~n fuNy piid.
I
' luqer sums may be paid at any time, but tF+e paymenf of •ny such luysr sums in addition ro tM payments hsrein ~squirsd shall
i not relieve 1l~e mskers of the payment of the monthly i~tallments herein provided for, unku it is specific+lly it~pulated by the mabn ~t tM
i tims of paymeM fhat svch lar9er sums are io be +pplied to the ulvance payment of the monthly initsllmerNS n~xt matwiny in the ader d
the'w due d~tes. All paymenb made vpon this note :hall be appfied fint to the p~yment of ~cvued interest and iecondly upon th~ pr'mcipsl. "
~ ihis oblp~Yan shall bear interest from d~te ~t the r~te of eight fi tW0-tenths p~? am ( 2
~ per ~r?num until tFK princip+l snd interest ~rt fully p~id.
j Interest fw each ukndar month shall be avued on the first d~y of said month ~nd be computed on tke unp+id bdanct of pir~ctpal
~ and interest existing on ihe lut d+y of tF+~ preceding month. Tha note shall bs considered i~ def~ult when any p~Ym~nt requind to be
; made hereunder shall oot Mve been m~de within thiny d~ys folbwirg its due date ar?d sMll remsin in def~ult untif said p~ymsm shtM
! Mve been made. Whik in default, this note sFull be~r interat at the rate of 107fi pt? atu~wn in liev of the ~ate htreiobtfors specili~d.
i All rraken and endorsen now or he~eahe. 6?conwnp putiei hereto jo~ntly and severslly waive den+nd, not~ce of nor~p+ymem and
j protest, and ayre~ that i~ the event of defa~lt in the payment of ~ny installment due hsreundsr the wfiok of ssid indebtedocss shall thsre-
' I upon at the opYan of the holder, become immediatey due +nd P+yabb, and if this note becomes in defavlt ~nd is pl+ced in th~ h+nds
; of an ~nwney fw colkction. to pay muonabk ~ttomey
s fees u~d ail o~her cosn for makinp avcl+ colkction.
j I
~ M This i+ofe may bs prepaid in whok o? in ps~t ~t anr tim~ without penaNy-
~ ~ S/ _ C lay.ton. C. Mame 1e.
~ i C3,AY:TON C : MANIEi,E
E ~ ~ . - ------_-(sEnU
~ S/ Marcella G ~ Mamele
~.r_
~ MARCELLA G. MAMELE
E - - --------~csEnu
~(T1~is note 's secu.ed by • morty~ge of even date eaecuted by the maken ~n £a•+or ot Community Fed~ral Sav'ugi and lwn Assn. oi Rivian deach)
and shatl 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 createcl shall cease and be null and void.
AND the Mor~gagor does hereby covenant and agree:
• T. To wY ~+^d s~+~ tAe pincipal w~d interat and aher iwro o( mon~y Phr+ble by virtu~ of s+id pran~swry nae and thia mwfq~qe, a either, proaipdY
~ on d» d~ps ~~sp~crive~ll, th~ s~ t~vsr~llp cner du~.
~ l io pay ~11 and s~nqulu ~he tsses. ~sse+s~ncnq. kv~es. I~ab.l~r~es, obl~gat~wn ~nd ~ncvmbrarKn of n.ery narwe on u~o oeur~bed poperry e~cfi and every
~ when due and paYa~le xcad~nq ~u law, befwe theY ~a^~ del~nqvent, and if ~1+e same shal~ no~ Ee prornp~Iy paid tAe Mortg~qee may at sny e~me tither beiwe
v, ,r a(~ deLnq~e~cy paY il+e same wnAwt w~~v~nq d~!}ec~~nq rhe op~wn ro Ip.eclose. or anv nqA~ here~ndcr. s~d cve~v WY^~M~ so made shall bear ~~te~est f.om
~hc da~e rherepl a~ ~he rare po..dtd ~n s~.d w~~ssuy note.
~ .
To kNp rhe bvild~nqs ae~d ~II p~ipment ~nd pason+l poc+Nhr eww/ a he~eaiter on said premises, cowred by this mwfqag~, iraured in a swn ~t feast
eowt ro tM wp~:d b~4nc~ of this awr?~y~, incf~ddrp fir~, eatended cowrape and v~ndil~sin ~nd malic~ovs inswanct as to prop~rties WMr Nwn dwellin9a. ~nd
~ tire, eatended covaap~ ~nd sPecisl (o~m othK perils iro++r«~c~ o~ dwell~ngs eliqibb /o~ svch Mwdened cover_ ~e - prw;ded, howtver, tMt s~ch imw~nc~ b~ in
~mwnt s~/fici~nr w compN with ~ny coirow~nc~ rpuinmenes coverirq s+~ne vnd~r N+~ brvs of the ~t~t~ of Fbrid~, and povided furNw that the policq w po~icies
~3e• ~?ull b~ wrin~n in a company o~ comwrres and tMaqh +n +9ency satisfxtory to the Morf~qee snd tl»t s~id policy W pOIiCiM shall b~ h~ld bp tM Allwtysg~e
~ and s1r11 bw a sundrA New Yort Mwfy~g~e Clavs~ without connibv~ion. TJkh1y M1! ~OSf Yr1Ar fAld pOIKiH paY+b~ ro tM Mortq~pet as iri iNernt may ~ppea:
snd in tM event ~nY swn of monty becomes WYaWr ~wd~r a~r sucA Pdicp or po~ieies, tl+e Mwtgige~ shatl have tM evtion ro receiv~ ~nd applp 1M sa~n~ on ~~,,,y•
~ xcwnr of tM indabMdness herebY secw~d, a ro OMTit 1h~ M«tq~yor to receivt ~nd vse ~t. or sny put thereof. (w other pupos~s, witho~l tMrebY M'~Mn9
r~~.~a, w imo+'uinq ~ny pu~h, lien, o? ~igM wrisr and bp virh~ o( ~his morty+vr, snd :n tF~t w~nt tM Nbr~qayw does not canD~Y with Mis covernnt, tM Ma~y~qe~ A'
may pfac~ w~d pay fw such ienw~nce, a arrlr Wrf lhereof, wirhwl waiviny a~ff~crinq tM option to f«~cbw, a ie~'riqhf F+ereundn ~nd the fi+ll ~mamt of tach ~r7[
~ W
~ anA ev~rr sucA papm~nt shafl b~ im~rfi.stelp du~ ~nd psy+bf~ ard thall bear inrerdt fran ~he date rhereof irntil pr.d st the rate prorided in said not~ and toflerlxr ~
w~t? sutl~ iMerest sA~ll b~ fetw~o bY 1M lan of dws rnortq~9e. y
~ 1. TAd ~N. /wy, o~ awp f'w d~~iiq IM wort0e~ t~rw, osd in iTS diur~tios, aPpl1 fer r~w~wd oi ~o~ ~uorewt~r iwwronc~ tewrin~ Nw ~
~ wqrtqe~ ~~cvt~d bp 11~ und~rsips~d on ~~~n dab Mr~wit6, po~r fA~ prea~iunn dw br r~osow tMrwf, owd rp~~~ repopw~wl by tl» vnd~nqw~d e1/~ ~
~uch o~ovnfs m o~~ od~onc~d bp soid wwr?yopee. In tM ~~en~ o! fail~rt by Ih~ undtniyn~d b rpor wid a~wonri b wid wort0o0N, svch Ioil~r~ ~MoY ~r~L
b~ con~id~nd o d~/ovN, ond dl proviiiows o(, tIN eoM onA a~wqop~ w~th reyord w d~foult sAol) b~ opplicobl~. 4 j
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5. To pwT~~, eomne~ o? wN~r ra wut~, imp~irm~nt a detM:a~tion of faid proprty, w~ny o~r~ M~r~oi, a~d iqon H» f~ilw~ 01 tM mortyaqor to 4~p th~
M qayM a~rp dem~nd tM immediaN r~pair of s~id bv~ld~ h. a
~rT build:nq~ on ~aid prop~rt~! ' pood eond~tian of r~p~ir, tli~ Nlwt rq~, or an iewe~s~ in tM ~nwwN of ~ecwi
~"i tM imm~ii~t~ r~wY~~ 9f MM deb~ I~ereby s~cw~d wd tM ~~ih,r~ d dw Mwtpapor ro cwroh w~th s~id d~rMnd of tf» Mort9+qe~ iw • paad ol tkinll (~D)
d~tn, sMll carotiM~ • bre~ch o/ tlr~ mortq~qt, r+d. ~t tM optan o} IM Abrtq~pN, iinmed:~~ely rn~twe th~ ~ntin rewu~M of O~inc~W~ snd intK~s~ hu~bp
p~p~ and pply fa tM svoo~mmenr of • RK~ivN.
~ srcv.~d, and imn.e~~~t~ly ~nd widauf nwiu, tM MatqapN ~r instiw» poc~edinq~ 1o'(a~clw~ this mwt
,'~'-,~.~1-_^, Fr,e ~e~+rr c•'o.:drd
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