HomeMy WebLinkAbout2448 . . . ; a '
. . . : ~ . .
TO HAVE AND TO HOLD the same, together with the tenements, he~editaments and appurtenances, unro the
Mortgage~e, in fes aimple.
AND.the Mortgago~ does he~eby covenant with the Mongagee that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful ~ight to convey said la~d in fee simple as aforesaid; that it shali 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 incumbrances; that he will make such further assurances to protett the fee simple title to said tand in the
Mo~tgagea as may reasonably be ~equired; that he does hereby fully warra~nt the title to said land and will defend ihe
same against the Iawful claims of all persons whomsoever.
PROVIDED, AIWAYS, that if the Mo~tgagetr shall pay unto the Mortgagee the ce~tain promissory note of which the
following in words and figures is a true copy, to-wit:
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATIDN OF RIVIERA BEACH
~IIx#~~~P ~Q#8
. aiview? e~?u+, F~oR~a? September 7,~9 73 .
Beiny indebud. fw vdue received, ths vndersiyntd jointly and uverally promist to par fo CDlNMUNITY fEDERAI SAVINGS AND
IOAN ASSOCIATION OF RIVIERA BEACN ~t its offioe i~ the Gt~r of Rjv»aa 6exh, Flwida, or ader, th~ swe of THIRTY-~0
THOUSAND AND NO/100---------------------""'--"'-~"boiw~s ts 32,000.00 1
wye~Fw~ wi~h inrerest thereon as h~reie~fts. s~ated in monthty i~t~1lm~Mt of TWO Hundred FOtty-S1X and 99/100
__----------~au~,s ~s 246 . 99 nK r~t.u~„~~~ .~,.u ~ d~..~a P.r.bk ~ tenth
day oi February 19 74 «~d subs~quent ~nst~llmsms shs11 be dw and pay~bl~ a+ +i+~ tenth
d~y oi ~ach a~d every cskndar ma+th ~hereafta w+til tM piu~cipal and interest ~rt fully p~id.
lWger sums may b~ paid at ~ny time, but the payment of any such larger sums in ~ddition to tM p+yments herein reqvired sMll
rot rslieve tl+e makers of tik paymem of the momhly instsltments hereJn provided fw, ~nku it is tpecifically st~pulated by the m+k~n st the
t~me of paymeM thst svch larger sums ~re to be ~pplied to the sdvance psyment of the monthly inst~llments rNxt matwiny in the ord~r of
their du~ dates. All payments n+ade upon this note shsll be ~pplied first ro the payment of acvved intcres! and second~y vpon tF+e princip+L
ThK obl7y~tion shall besr intcrest from date- ~t the rat~ ~ eight P~? ~
per ~nnum until the principal and interest ue fvlly paid.
Interest fw each cakndar month ihall be acuued on the first day of said month ~nd be compvted on the unpaid balance of princ~p+l
and inre~est ezisting on the last d~y of the preccd~ng month. ihis note shall bs considered in default when any paYment rpv"rced ~o b~
mad! htrcunder shall not h~ve been madt within thirty days folbwing its due date and shsll ~smsin in def~ult until said p~ymtnt shall
h~ve been msda Whik in default, th~: note ih~lt besr interest at the rate of lOX Pe? +nnum in lieu of ti~e rats Irr~~nb~fors sp~cifisd.
All msken and endorse~s now w hereaftcr becoming p+?ties hereto jointly ~nd uverally waive denand, noY~ce of no~-payme~t and
protest, ~ad s~ree that in tht event of def~uh in the payment of ~ny instdlment dw hereundtr the whok of uid indebtednest :hall thsre-
j upon at the option of tht holder, become immediatety due and payabk, and if this rate becomes in default ud is pl~ced in tlr h~nds
` of an anorney fw colkd'an, to pay resson+bk attorney
s fees ~nd all other costs for makiny such colkction.
j Tha note may be prepaid ~n whok or M Pan a~ ~~r r~me w~~hovr Pe~.hy.
r -
` • ~ S~•--JQh~.~iT: M ri nc~ _______(SEwI)
~ ' . . JOHN W . MARZNO .
~cs~?u.
~ ~ ~ ~_Diana Marino ~_~___~_.~_~____~cs~w
~ DIANA MARIi+fb
~ - -------------------------...-----------------ts~?i)
(This note a secvred by • mor~p~ of even d~te execvted by the m~ker~ ~n fawr of Comrmx~Hy Fedenl S+ving's u+d loan Assn• of Riviera 6ead~)
and shall promptly pe~form, comply with, and abide by each and every the stipulations, agreemenis, conditions, and
~ covenants of said promissory note and of this deed, then the estate hereby created shali cease and be nul) and void.
AND the Mortgagor does tiereby covenant and agree: '
~ 1. To P~~ dl and s4q~l+r N» v~inc:p~l ~nd interes~ ~nd otha swm of monw wrabk br virtus of said P~omissory ewe and this mwty~y~, or ~ither. WaeP~h -
on ~M dws .sap~ctively, tM sune s~v«stlp canr dw.
To pay ill and unqulx the NRes, +fsessmenrs, ~ev~es, hib.l~~~es, ob4gaf~wn +~d ~ncumbances of ~very natvre on u~a oescnbed properly exh and svery
~ wF~en due and pavable xcwd~n9 to law, belwe tAty btco~ne del~npuen~, and ~I rF~e sa~*e shalt not be P:~C~IV vaid tAe Mortq~qee maY at sny time ather befae
o• af~e. dehnqvencr wy ~he s~me w~~houf wa~v~nq w ~Hect~nq tne apt~on to laedose, a anv nqM Arrew+de., and eve.r vdY^u^~ so made shall besr mterest from
- ~'u d~•e ~hereof ar ~he ~au wo.~ded ~n wd pomnsav note
:i'
To kep ~he build~nqs inA all eq~~pment snd person+l poperty nowi a heres(rer o~ said p~em~ses, cov_red by this mwt9~ge, imvred in a swn al bast {
f;~ eQwl ~o tM unp+id b+4nc~ of Mis mor~g~9e, inclvdinq fin, eatlnded cwer~ge ~+d vand~l~sm and maliuovs imurance as to poperties wher M~n dwelliny~, and ~
ngs tligible fw such broadened cove~_ie - por~ded, howwer, tlut wch ins~xmc~ b~ in
~ire, er~ended cmr~rag~ snd speci~l twm aF~er perils :nwranc~ on dwelli i
inw~x+t suf(ici~nt ro comply w~~h any co-irowanc~ rpvireme~ri coveri~q ssm~ under Ma Iavrs of the fta~~ of FI«~da, and prw~ded fixt?~er rh+t the policy a policie~ ~
shall be vwipen :n • caeiprny w comwnia and 1M9uyh sn +~up satis(actorY ro tAe Mwtq~ge~ ~nd tMt sa~d policy a policies sMll b~ held bq tM Monpaqa
~ ~nd sh~ll bew s atandard I~Nw Yak JYVortq~9e~ C~ws~ withou~ contribWion, m~kiny the bss w~der s+id policies psYabM ro tAe Mortq~qe~ as ib inewpt mhr ~ppex:
and in tM evem rry w.n o~ mwry becomes WYaW~ w~dN anY sucA policy a Do'ic:es, the Mwtyayes shall have the ePtio~ to rece'we wd ~DO~Y 1M sa~n~ on
xcowM of ~Iw ind~M~dness Aer~by sacwed, or ro pKrni~ Ifie Matqaqor ro receive and us~ A, a amr pxt tha+eof, fa otAer qrrpos~s, withwl tMreby wsiviny ~
~ a:.rw~~rirp any equity, lien, w riqM under snd M virtw of fhis mor~9sy~; ~nd :n the e.enf the Mor~p~gw does not coenply with ~Ms covuwm, tM AAorf~9c+
m+r plac~ ~nd wy fw wcfi irour~. a ~nv P+n thereof, withou~ wa:vin9 a~NKfin9 NN GWWn ro foreclou, o? +nr nqA~ /~e~eundn and the f~ll amo~wu ol each ~
~nd evwy wd~ p~~nrnt sfisll b~ iltiMdiitelr C~W M1A p~y~W~ Mld fhill b!M ~n~erest from the date th~reo( unril paid st ~he rate pw~ded in ssid ~wq and toye~
witA s~+cA inlerM shdl b~ setwM by the Itin o1 Ihis nwrfq~qe.
~
I. TMI ~orf~ep~~. ~a~r, ef wqr 1i~w dvriw~ tl» ~wtpo~ hnw, oad in its di~uNion, oppl~r /o~ r~w~wd of ~wrt9o~ 9~wraN~r iww~aec~ cowriw0 1h~~
MI
werqo~ ~:~cv1~d br 11w ~nd~rsqned oe ~rM da/e 6~r~wiM. po~r tM pren~i~iws dw br r~oww tlwr~of, awd »qrin ?epopMwt b~r tlr rwd~nipn~d .
•uch owovnfi w or~ od~?onced br wid mortpopee. In ~he e~eef oi fo~lure bp th~ ~nd~rsipntd M r~po~r soid awovnM b soid ~wfOooM, ~utA ~oilvr~
b~ cow~id~r~d o M(ouh, ond dl prori~ions o( tAe wo1~ aed wortpoye ri~h repord to ddoulf sAoll b~ oppticobl~. q~Lfj
>
G~n
S. 7o pwm~t, conrn~t w suHa no wast~, imp~~rm~nt w dNeriwNion d uid D~~~Y, a+~w w•t tMreof, ~r.d won ~M failw~ 01 ~M rnorty~4or ~o k~ep fM.
c;=.`. b~iW~nqs on said popMy in pood candition oi rp~ir, t1» Nlorty~pN sny d~n~+od ~M imn+edi~t~ r~ir of said b~~ld~nq~, o~ sn inue~s~ ia tl» anw~wt ot wcuriry, a
ehi imned~~N rp~y~M of Nr d~M her~M s~aKed ~nd tM idl~n o( t!w Mort9+vor ro cwrwH with sa:d d~~w+d of tl» Matp~yM ior • Oaiod of thiAp (30)
d~rs, sh~ll constiru» • bre~d~ of M~is nwr~0~v~, ai+d. ~f th~ aW:on o/ ~M Mwt9spN, imm~d~~aty m~tur~ ~F» ~M~n ~mawM of p~nc7p~1 w~d inNnse her~bf?
axwed, •nd imme~~ar~ty and wifhaA nWic~. ~M Matp~qN m~y ins?iM~ proc~edinps to fw~clos~ Mis mu~yapa snd spplp for th~ ~ppo~mment o~ a Rec~~~~r.
a hr.e ~~~h., pr-,. ..d '
~ •
~ _
. . . _ . ~ . _ u