HomeMy WebLinkAbout0394 TO HAVE AND TO HOID the same, togelher with the tenements, hereditaments and appurtenances, unto the
Mo~tgagee, in fee simple.
AND the Mortgagor dces hereby covenant with the Mortgagee that he is indefeasibly seized of said (and in fee simpie,
that he has full power and lawful ~ight to convey said land in fee simple as aforesaid; that it shall be lawfut for the
hlortgagee et all times peaceably and quietly to enter upon, hold, occupy a~d enjoy said land; that said land is free '
from all incumbra~ces; that he will make such further assurances to protect the fee simple titte to said land in the
Mortgagee as may reasonably be requi~ed; that he dces hereby fully warrant the title to said land and wilf defend the
same against the lawfu) claims of all persons whomsoever.
PROVIOE~, AIWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain prorr~isso~y note of which the
following in words a~d figurec is s true copy, to-wit:
~
COMMUNITY FEDERAL SAVINCsS AND LOAN ASSOCIATION Of RIVIERA BEACH
~
i
' ~~ur#~~$e ~a#p
~ awiEw? s~?ca, FIORIDA September 19 73.
deinp indebted, fer vdue rcceived, th~ unders~yn~d joiMly.and uverally promise ~o pay Io COMMUNITY FEDERAI SAVINGS AND
tOAN ASSO~IATION Of RtVtERA BfIICH at its offioe io the City of Riv;e?a Beach, Fbrid~, or erder, the swn of FORTY THOUSAND
, FIVE HUNDRED AND NO/100------------------------------vo~:~as ~s 40,500.00 )
royK~her w;~h ~n~e.est ~hereon as herein~fler s~a~cd 'a, ma?rhty insuttmems oi Three Hundred Seventeen and
98/100-------oawas cs 317 . 9S ' Ti+e fint inst~llment shall be dw aed peyabk on tenth
day of April 1974 and subsequent instatlments sRst~ be due and payabl~ ~~tenth
day of each and every uknd~r month thcreaher until ~he prindpal and intaest an fully piid.
lerger sums m~y be paid at any time, but the payment of any such larger sums in add;tion to th~ psyments hcrein required shaN
not reliev~e the maker: of the payment of the monthly installmenrs Ixrein provided for, ~nless it is specifically st~pulated by the miken at the
nme of payment that sucF~ large? sums are to be applied to the advance payment of the monthty instal{ments next maturing in tFK order d
their due dates. All psyrn~MS made upon th~s note shsll be applied fint to the p~yrnent of ~ccrued intertst and tKOndly upon the principal.
Thn obl~gatan sh~ll besr interest from da~e ar the rate of eight &'tW0-tenths pn csnt 2
pt~ annvm unfi) the printipal and interesf u~ fully p~id.
lnterrs! for each calendar month shsll be ~caued on the f~rst day of s~id month ~nd be computed on the unpaid b~lence of principal
and inte~est existing on tht last day of the preccding month. This note shatl be considered in default when any p~yment required to be
made F~ereunder shall not have txen made within thirty d~ys folbwing ~ts due date and shsll ~emain in default until s~id p~ymenf shdl
have been made. While in default, th:s note shall bear interest at the rate of 109(~ per ~nnum in lieu of the rate hereinbefwe spcc~fied.
All maken a~d endorscn ~ow w hereafter becoming puties herero jointly snd severally wsive den~nd, notice of non~payment ~nd
protest, a~d spree tMt in the eveM of defavM in the payment of any irotaltment dw hercunder the whok of ssid indebtedness shatl there-
upon ar the option o/ the holder, became immediately due and p~yabk, and if th;s nofe becomes in defa~lt and is plsced in the Mr?ds
of sn anorney ;w colkdion, to p~y reasonabk etto~ney's fees and all other costs for maki~g such colkctan.
This note may be prepeid in wfiole or in psn st anr time withovt pen~hy.
S/_ Cla~ton C._ Mamele. ~___.___,__~i~
~ Ci,AYTON C : MAMELE
! __--------~--__-tsElw
i S/ Marcella G._ Mamele _--_----~u
~ MARCELLA G. MAMELE
~ _ ~.._....-------lSEAU
~{This note is secvred by • mon9age of even date eaecvted by ~he maRe.s ~r, fa~ror of Community Federat Saving"s ~nd lwn /ltsn. of Rivie~a Beath)
and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditi.ns, and
covenants of said promissory note and of this deed, ihen the estate hereby created shall cease and be null and void.
AND the Nbrtgagor dces hereby covenant and agree:
1. lo w1l aM ~nd sinqular tM pincip~l ~nd interq~ ~nd o~her awns of mon~Y wyaE~e by v~rnre of said arom~ssory note and rhis maf9aqe, a~itlier, pompth
en tM d~ys resp~cfivey, the same swar~117r caer du~.
? (o pay +fl anO s~nqulu r!u 4~es, ~sse+smert~a, Itv~es, hab~Lnes, obLganons and .nc~mbanres of ~vn~ r+arure w+ sa~o oescnbed p.oper~y exh md every
,.hen due and pavaGtc sccdd~nq eo law. Defwe fhey become de~,np~en~. •nd ~1 ~i,e same sbill nor be promptlr w~d ~he Monqagee mav at sny t~me e~the. befo.e
atse~ de4nq~~ncr wr ~he ~ame wnhov~ wa~vmq a allecnnq ~re opuon ro b~ecloie. or a.+y nqht 1,e.e~oder, and r.e.r Paymeni so made shall bear .nteresl /rpm
•-e da~e rhereo~ •t ~he .s~e po.~ded sa~d p.om~ssar no~e -
3. To kNp the bvil~nqs ~nd •11 puipmeM ~nd p~ryons~ poptrty now w heredter oe seid prrm:ses. cowred 6y rb~s nwrfgag~, inswed in • w~n ~f 1e~:1
enwl to eM ~x+p~id ~a~~rce of Mis morty~qt, inc{vd~~y fir~, eaetnded covaage ~nd vand~I~sm and malic~ws ~murance as to Wopert~es otMr 1Mn dwe~lings. ~nd
}~re, e~tended coversy~ and speci~l fo.m aher perils inswanc~ on dwell~ngs eliqble for such brwdened cover. ~e - orov~dcd, lwwever, tAa? such ins~anc~ b~ in
~mo~r~t sv/licieeir ~o comply witA any co-inswurc~ rp~,iremenq coveriny same under the laws of the :tst~ ot FI«~da, and p.w~ded fwNror tMt the policy or policies
~ aMtl Ee writt~n in s compa~r a companies and thrwr9fi ~n pe~cy sat~s/utory to rM Mw~y~9ee ~nd ~Mt uid policy a pol~cies shall b~ held 6y th~ 1Nortqsqee
c7 - and sMH 6t~r • aia~+dard New Yo~k Mwrg~yee Clavs~ wi~lw~r canrribution. ~nakAp tAe losa under sa~d pol~cies paYeble to the Mwr~yee as i» intere+t msy ~ppe~r; ~
and in eM event ~ny swn o/ mwror bece.wes paY~pb under any such policp a po~iuea, the Mw~qsqea sl+all Mw tM opt~on to racrw ~nd applr tM aarrw on •
; accow~t o/ Ihe indabt~dness Aereby yecured, a ro pa~mit the Mortqaqor to receive ~+A ~se ~t, p any pa~t t?+Ytof, fo~ other p~wposef, withovt M~teby waivinQ
` 4 0~ imp~~rinq anY equiry, lien, w rigl~~ ~nder and by vvtw of this mort9sye: ~nd :n the tvcnt the Mwtgager does not complY w~th Nus covenant, fM Mortqaqe~
may place Md psY fw s~cA irowance, or ~ny p~rt tlxreef. withan w~iviny or aiisct~nq tM opt~on w f«eclos~, a~n~r'rigM Aere~mder and ti~e fvll ~mpint of e~d+ ~
~ +^d evw1/ such P+Yment ahall bt umwd'urcly dw ~nd paYable and sMll ~y 7nternt f~an the date thereof ~rntil pa:d at the rate qovided in said noN ~nd 1o9eMer s..~.".
witA syd~ inMH1 sAaII b~ yeaww by Nw hM of N~n ~nplg~ye. ~
s+
~
Tlwl wat0op~~. ~oy, at wy Kw~ dvriwy th~ ~onyoq~ Nnw, ond in its diacrerioe, oppFr ior r~w~rol oi ~wr/Qo~ YvsroM~r i~rra~ca cewriny /1» ~
iwo~pop~ ~¦~cw~d br ~ ~wd~rsqn~d on ~~n do~e her~witA, pop th~ premiuwn dw by rwsw~ ~Mr~of. owd rpuir~ r~pops~wt bp 11w ~ed~rsipi»d of
~ svch oworeM m or~ od•onced bp wid wpr~y~q. tAe e.ent of (o:l„re br f6e und~rsipn~d ro r~poy wid oino~nts ro wid wartyoyN, svcl~ (oilur~ sholl ~
b~ tonsid~r~ o d~lovM, ond dl prorisions of tM note ond nwrtpoyt wr~th ieyord ~o d~lavlt sAotl b~ opplicobl~. ~
~y
~
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S. To pMn+it, canmit or svffer no wssq, imp~irm~nt a deteriw~tio~ of said P~ow~fY, a any p~r~ ~htreo/. ~nd ~on eM (silw~ o/ tM mu~y~qor to k~ep tlN
b~+i~d,nq~ on s~:d p°?~~ rn pood condi?ion ol i~p~ir, fM Abr)pape~ nyY darrne ~A~ i~di~t~ re~~r of s~~d bv~ld~t+ys. a ai+ inuease ie~ tF» ~mptnt of secwity. o~
th~ imnw~li~t~ rep~rin+~? of M» debt hereby secwed ad tM f~~hx~ of rM Matq~qor ro ca.ph w~rh s~~d demand oi tM Mwtysqee~ a pNiod ol thiny q0)
d+vs, sh~ll consr~rvt~ • be~ch o1 M~ii ~nwfp~q~. ~nd. ~r rh~ opnon o! eM Mo.rysqe~. ;,,smed.aql~ m~rwe ?i» enu.~ amnnq u} p;Mip~l and in?~r~si h~r~by
fecured. ~nd irnTe~~~tely •nd witl+aA notic~. Iht Ma1qpN m~y insfitvN proc~ed~nqf fo'/d~c{os~ th~s matqapa ~~d pply tu tFy ~ppo~mment o} ~ Rec~i~~r. n
fere ~~'•c~ ^c~