HomeMy WebLinkAbout1805 . • ~ .'!;ti • ,
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TO HAYE AN~ TO HOLD the :ame, togethe~ with the te~ements, hereditame~ts and eppu?tenances, v~ro the
Mortgagee. in fee simple.
AND the Mortgago~ does he~eby oovena~t with the Mortgagee that he is indefeasibiy teized of said land in fee simple,
that he has full power and lawful right to convey said Iand in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to e~te~ upon, hold, occupy and enjoy said land; ihat said land is free
from al) incumbrances; that he will make such further assuronces to protect the fee simple title to said land in the
Mortgagee as may ~easonably be required; that he does hereby fully warrant the titie to said land and wili defend the ~
same a ainst the lawfut claims of all . i
9 persons whomsoever. f
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PROVt~ED, ALWAYS, that if the Mortgagor shal! pay unto the Moitgagee the ce~tain promissory note of which the r
following in words and figures is a true copy, tawit: _
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~ COMMUNITY FEDFRAt SAVINGS AND tOAN ASSOCIATION OF RiV1ERA BEACH ~
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~ c~nr#~~~e ~p#P
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! RIVIfRA BE/1CM, fIORIDA AQ~(`~.a+~.Ll.- 19 y~
~ bt' ~ndebfad. fw v~lue received, th~ ~ndera ntd jointl ~nd severdl pay Io CON{MUNITY FEDERAL SAVINGS /lND ~
~ ~ Y Y P~omis~ lo :
~ 10AN /?SSOGIATION OF RIYIERA BEACN ~t it~ offioe in the City of Riviaa 8each, Fbrida, a wder, tM awn of THIRTY-FI~ '
' THOUSAND AND NO/100--------------------------------= ~~s ts 35 , 000 .00 ~
~ *~t~. ~;th ;^~.m< a ~t+t~a ~ ~+tr~r ~~.~~+.m. ~ Three Hundred Five and 80/100--
~ -------------oauRS ts 305 . 80 n» fK,t ~ra~.umem sl~.u b~ a~..~a P.y.ek a, the tenth
~ d.y of July ~9 74 .na :vbsequem ~n.r,~lex,e~s sh.u be d~r. .~a P.p.w. a+ ,he tenth
' d~y of sach ~nd ~very ukod~r month there~her until tM principai ~nd interest at fully piid.
i lupa iums may b~ pa;d at any 1ime, bw the payme~t of •ny tuch brger sums tn addition to th~ payrnn+ts hertin ~eqvirsd shall
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not reliev: the inak~?s of th~ payment of the momhly installments herein provided tor, unku it is speciiically stipulat~d by the m~k~n ~t the
; r~me of payment that such luye~ sums are to be applicd ro the +dvance payment of the monthly iratspments next m~twirg in the wdar of ~
? ~heir due dates. Alt payments m~ds ~pan th+'s note sh~l! be applied fint to the paymN+t of ~caued intcrett and secondly upon the p~incip~l.
This oblg~tion sh~tl besr interesr from dare at tht rate of Nine dI1Cl five-tenths per arn ( 9. 5 ~
; pe. annum until the printip~l snd intcrest ar~ fully p~id. ~
Interest fa e+ch c+tenda~ month ihall be ~cvued on the first d~y of taid momh snd b~ tomputed on the w+paid babnu of principsl
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•+nd in+erest exut]ng on the lut day of tM preced~ng mor+th. This ~te shalt b~ cons~dered in def~uh when ~ay paym~nt req~ind ro be
: made hereunder shall not have btsn madt within thirty days iolbwiny its dve date and shall r~main in default ~mtil said paymtm sh~N
have been m~de_ Whik i~ dsfaulf, this note sMtl be~r interest at th~ r~te of 10°X per annwn in liw of tM rafe haeinb~fwt apecifi~d.
j All makers and endorsen now a Frreafter becomin~ paNies herero jamly and severally waive denand, notice of noo-paymem aed `
I prot~st, and ~yre~ that in the event of default in the p+yment_ of any instaUment due hereiw~d~r the wlwl~ of ~iid indebtedness sMll there-
upon at the option of tht hold~r, become inrr~ed'utely dw ~nd payable, and if this ~ote beoomes +n defs~lt and K PIKld in the h~nd~
~ of an attorney for colkpion, to p~y reuonabl~ ~~orney's ftes and all otFwr costs for makpg such cotkdion,
; This nole m~y be prepaid in wFak or in p~rt N anr time withovt penahy. `
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; S/ CHARLES M . HEIDEN
~ Charles M. Heiden
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I ! _ FRANCES M . HEIDEN ~~q
j ` Frances M. Heiden ^
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~(ihis note 's secued by • mortp~ of even date e,cecutsd by the maken ir: favor ol Cwnm~x~ity fedsrsl Ssvin~"s ~nd loan Assn. of Riviera Bead+?
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k and shall promptly perform, comply with, and abide by each and every the sfipulations, agreements, eonditions, and
i covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void. #
€ AND the Mor~gagor does hereby covenant and agree: " ~
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To pay ~II anQ sinyular tM pi~aipal and Fnneerreaf and otAer sums o! monry pnrable bp virtue o( s~id prom~ssary note snd this morty~p~, o~ ~ither. WarptH
on tM d+ri raP~~Kh, the aam~ s~wrslly ca~w dus. .
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; 1. To p~y ill and s~nqulu rhe iues, assessments, le,r~es, lydl~~~ei, oplgat~an and ~ncw..brances of r.rry .~arvre on u~a oesc~~bed p.operty e~cA and every
«hen due and par~bte ucad~nq ~o law, befae rAey becoene d~l~nquen~. and ~f ~ne same sMU rw~ ~e uromprly pa.d rhe Moreqa9~e may at ~ny ~ime e~ther belae
` • a(~er deLnp~encv pay ihe sa~ne w~~~w.t w~~nnq w sffecr~ng rAe opr~oR ro faecbse. a any nqAt he~evnde~, snd e~.ny wymem so msde slyll besr ~nterest ho.~
y •~:e da~e ~hereo/ at rhe ra~e po.~ded ~n si~d wo...~ssorr 'wte
2 3. To kep the b~ild~nps ~nd all pvipenene anA pa~aonal poperfy now w herea(~e~ on sa~d prem:ses, cowred bq this mwtgaq~, inswed in a sum N lesst ~
- evwl b tA~ unp~id bs~~nce of tAis mor~p~ye, incl~d~np fn, ea~ended cove~~ge ~nd vsndalis~n and malic~an im~rance as to `
~ P~~~ies oMMr Mr+ dwetlin9t. ~nd
y f~re, ea~ended coveray~ ~nd special iwin aher perih ira~ranc~ on dwelti~ys tliqWe fw sucb bro~dened cove._~e-wov;ded, howtrer, that saxh irnur~ac~ b~ M~
~~aunt s~liici~nt ro comply w~tA any co-iruwanc~ ~pviremenfa cove.inq sam~ under ~M f~ws of the :~at~ of Fla~da, a~d prw;ded furNw th~~ the policy or policip
~ ~hall be wrirt~n in a comprny w companies and sMaph ~n ~qency s~fisfacwry to tM Mor~y~q~e ~nd thn said policy p poi;daa sh~N b~ held by tM Mwtyspee ~
~ •nd sh~ll bsar • aNndsrd New Yak Monp~ye~ Clw,s~ wi~hwt conrribuf:on, m~kiep N~e loas urder sa~d pol~cies pavib{e to the Mortq~qe~ ~s its intvaat may ppsu; ~
~ and in th~ went ~ny wa~ of ma~ey becom~a pay~bl~ ~r~ M+y such poiicy or Pe~icies, the Mortgaye~ shsll hsve +M evr~on to rec~:,r~ and applr ~M sarn~ on
; acco~nl of tht indabtedness Aer~Ay s~cund, a w qnnie Nr Abrtyspor b receire and us~ n, ar arry psrt Nmeoi, fw other puryoses, witlwul fMrebY „v~^^^y ~
€ a~O+irwq ~nY ~W~~Y. ~ien, a~iqht unde? and M virlw of Mis nia1W9~: snd :n d+e cvent th~ Mwig~yw does not comply wifh rhis covenant, th~ Mwt~ge~
~ m+r O~~t +nd pay fa such inyur~nce, or amr part thneo(, w;thou~ waivinq a aff~cr:rg tM oprion to f«~ctose, or ah. r:9hr Aereundtr and the /vp arno~w~t d eac/~
g snA e+wry wch paym~nt aAall b~ i~~tely du~ ~nd piyable and sMtl be~? inlerpt iran the da~e tF~ereof vnfil paid at ~he ra~e provided in »id roN ~nd toqe~he? ~
s wit6 sutA inlaesl fMll b~ secuW bY IM INn of this ~nwfysye.
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1. iMl iwryo~~. +we~'. e/ awr ti~ dvriwo flr iwrpop~ tKw, owd iw ih dbcrNiow, oppl~r for r~w~vrd ol ~wf9oq~ yvore~ry iwwro~c~ cewriiq 11» ac0
wwrtqoq~ ~i~c~t~d bp IA~ ~ndenipw~d ow a.ew dot~ Aernvilh, po~r tM p.ewiviws dw b~ rwww tl~r~of, owd rp~ir~ r~psyw~wt Y~r 11w w?d~riiqw~ ef p
~~cl~ owoveM w ar~ od~ronc~d by soid wortQoye~. In th~ ~ve~f o! (oilv~~ by th~ vnden~Qa~J b r~por soid osounb b foid ~o~e~~. ~rch lo~vn ~hoq a~'
k b~ consid~nd o defovk, oed all provis:oas o( tM nw~ onA w~wtpop~ .iG~ nymd to d~(ovlt sAoll M opplicobb.
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g S_ To pennir, comn~t a wffo ~o w~u~, imp~inrnnt a dNNiaNion d a~id prop~.ty. o~ ~ny pa.r ehrreof, and upon e1~ fa;lw~ pi th~ mortp~ppr ~p kkp N~
? b~ildings on Hid papYty in ppod ~andifion p( rpai~, 1M Mortq~qN rrrr dwn~nd tM im~rrdi~N repair of said bvild~~gs, a~n incre~ in IM aenawd oi Nnwifr, w
rM im~~fi~» rp~Y~nt of dr d~Et henb~r ~ecw~d ~nd tM ta~iw~ d tM Mortp~por to comply w~eh saiA dan~nA of th~ Morty~q~e fw • pMiod ef ~rryr ~30)
_ 4ys, s1+aH consr:rvh • MsacA d M:i n~onpsp~, and. ~t ~!r option ol rM Matp+yee, immed~~~ely m~tw~ ~~nt~n ~nwvm of p~inciql ~nd int~~ft lw~bp -
= irc~red. ~rrl. im.++e~i~t~h ~nd witlwul notic~, tM Matq~qN map imfihM pocNd,nps ro fu~clos~ this rnortq~q~ and ~pplp fo~ tM ~ppoant.n~nr of a Rec~~.~r. ~a
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p.Ge~.ded.
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