HomeMy WebLinkAbout1011 TO NAVE AND TO HOLD the same, togethe~ with the tenements, hereditaments and appurtenances, u~ro the
Mo~tgagee, 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 right to convey said land in fee simple as afo?esaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to enter upo~, hold, occupy and enjoy said land; that said land is f~ee
from all incumbrances; that he will make such further assurances to protect the fee simple title to said land i~ the
Mongagee as may reasonably be requi~ed; that he dces he~eby fully warrant the title to said land and will defend the
same against the lawfut claims of all persons whomsoever.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which ihe
followi~g in words and figures is a irue copy, tawit: ~
~ COMMUNITY FE~ERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACM
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~ RIVIERA BEACM, Fiortin~ February 19 74
Beiig indebted, for v~lue rcuived, tl+e unders~yned pintly snd severally prom~se ~o pay ro COAMAUNIiY fEOERAI SAVINGS AND
IOAN ASSOCIATION Of RIVIERA BEACM ~t ib office in the City of Riviera 8e~ch, florida, a ader, fhe wn? of THIRTY-THREE
; THOUSAND SIX HUNDRED AND NO/100-------------------- oounrts (s 33,600.00 ~
; ro9e~her w~th interes~ tMreon as !+ere~nat?e. s+~rcd ~n monthly ~nstdlm~mt of TWO HUNDRED EIGHTY-ONE AND
9 8/10 0----- oo~uRS cs 2 g 1, 9 8 The fint i~t•Ilmenr sMll bc dve ~nd payabk on rhe tenth
dar of April ~9 74 snd :ubsequent insullmenb shall be due snd payabk on the tenth
day of each and every uknda~ month ihc?e~fta until tFw principal and intcrest are fully p~id.
luge~ sums may be p+id at any time, but the payment of any such la?ger iums in additioe~ to tFN payrr~ts herein ~equued shall
not relieve the makers of the p+yment of the monthly installments herein providcd for, unless it is specifically stipulated by the makers +t the
r;ene af payment that such la~ger sums are to be applied to the sdva~ce payment of the momhly installments next mat~r'uy in t1+~ wder of
their d~,e dates. AII payments m~de upon this note shall be applied first to the payment of auusd i~terest and secondly upon the principal.
Thn obligition shall bear interest from date at the rate of nine per aM ( 9
per annum until the ptintipal snd interest are fully paid.
~ Interest for e~ch cakndar month shall be acvvcd on the first dey of sa~d momh and be computed on the unpaid balance of prindpal
and imerest ex~sti~?y on the last day of the preced~ng month. 7his note shall be considered in dcfault whe~ any payment nqu'ued to be
made hcreunder shali no~ have been mad~ within thirty days folbwing its due date and shsll ~emain in default w+til said p~yment sh~H
have been made. Whik in default, th~s notc sha~l bear inierest at the r~te of 10% per aru+um in lieu of the r~te htreinbefore specified_
~ All makers and endorsen now w hereafter bccomirg psrtiei herero jo~ntly and uvcrally waive der-i~nd, notice of non-payment ~+d
protest, and agree that in the event of defauh in the p~yment of any installment due hereunder the who!e of said indcbtcdness shall there-
~ upon at the option of the holder, become immediately due snd payabk, snd if tF~is note becomes in default and is pl~ced in the Mnds
of an anwney for colled'an, to pay reuonable attor~ey i fees end all other co:ts fa m~kirg such colkdion.
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E This note m+y be prepaid in whok w in pan ar any rime without penahy.
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~ R J~RR~ RA~H JR ts~?u
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~ _.~L._~.~__~i~ R_a~.Q]..~h -
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~ CELIA ANNE RANDOLPH
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~(This note is secued by • mort9~qe of even d~te execvted by the m~ken ~r, tavor of Comrtwnity federal Saving"s ~nd Loan Assn. of Rivitr~ Be~d+)
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~ and shall 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 created shall cease and be null and void.
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~ AND 1he Mor~gagor dces hereby covenant and agree: -
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>h 1. To par ~11 Md s~ny~lsr ~M p~nc~p~l ~nd ~MNMI and otiw swro o( money p~r~bte bq v~rt~re of s~id pranissory nole and this mortyaye, w tithtr, prarptly
cn tM drps ~espMivelp, th~ same severally co~ dw.
v 7. io qy sll and smqvlu the taae~, a?sessmen~s. Iev.ei, I.ab~h~~ts, obb9at~ons aod ~nc.,mb.arxes of Hery narure on sa~o oew~bed poperrY exh and everr
r; ~hen d~x ~~d p~yaCle accad~nq ro taw. belwe rhey become del~nq~enr. and ~he s~me shall no~ be oromp~Iy pa~d the IW~rrgjgee mav.at any r~me e~ther befwt
~ -:r alier At{~nqy~MY o+v e?+e s~me w,r~wt w~~.mq o. sHecung Me opt~on )o fwedose. w any nqM he.eo~de.. and everr oaymenr so made shafl bear mte.est }rom
~`e da•e T~ereof rhe rare po~.ded ~n sa~d wa*+~sso.r ~rofe
To kep the build~n9s ~nd atl equiprnent ~nd personal properlY now p herealter on said pem~ses, ~ cov~red by th~s malgaq~, inawed in a s~T at Ituf
eq~al to tAe unpaid b~~ante of th~s morty~qe, ~~cf~d~ny fira eate~ded coverage ~~d vsnd~tis.n u~d malic~ous ~ns~•ance as to poper~~es otMer th~n dw~llirgs, ~nd
f~re, e,tcnded coverage and apeciit form aher per~ts ~muranc~ on dwell~nqs eligb!e fw such bwdened cover_,e - p~ov~ded, however, thal s~ch i~swranc~ b~ in
_ smo~~r suf(~cient ro cornplY w~tA any co-insv~~nc~ ra~viremenh cweriny ume under Nr I+ws of the :ut~ of ftaid~, ~nd prw~ded fwther that the policy a policies 7
- sMl~ be wr~»en in ~ comp~ny a companin ~nd thro~qh sn aqe~cY s+~isf~ctory to tM M~xfy+yee snd th~t said policy or policies shdl b~ he{d Ay tfie Mwtpsqee s
and sAsll be~r • standsrd Ntw Yak Matqage~ Cl~uss witAwt co~tribvho~, makinq the loss under sa~d pol~cies psYabk ro?he Nbrtyaqes n its iMarest may pprx:
' and in the event ~ny s~m oi money becanes psYabb ~nd~r ~ny s„ch pol~cy w po'~c:es, the Mortyagee sMfl have tM option to recciv~ ud apply tM sanw on
accow~t o/ the inCebr~dness Acrsby secwed, a ro p«mit M» Mw~yaqor to ~eceiw and uu ~r, a a~y part Msreof, (a orher purpos~a, witlw~r tMreby waiviny
or imp~:ri~g any equ~ty, lien, or right ~nder and bp rirtut of this mortqsqe; and in the evem the Mor~y~gw does not comp!y wi!h Mis covenaM, tM Mortq~qe~
~ may plac~ ~nd paY (w svch inswsnce, w~nv ~ MKrcol. wid~out w~ivirq or aH~crinq fh~ op~~on ro f«ecbu. or wry r~yh~ hereunder u~d the i~lt ~mourM~f exfi ~
"~:s and evary s~ch parnr~t shall E~ imn~diNeFy dw ~nd p~yaWe ~nd thafl bex interest irom the da~e thercoi ~til paid st ~he rate prov~ded in ssid noh snd toyetF~er ~
w~tb sucA inMest sAall b~ secwt0 bY the I.en of this ~nortq~ye. O
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~ 1. TAo1 wo~?yoq~~, iwp, ot owr t~w~ dv.iw9 rM wwqop~ arw, o~d in iM d'ncr~tion, opplr (w r~s~rrd o1 ~orl~op~ Ynoroelp iwwra~c~ cowriw9 /Iw W
- ruortpop~ •¦scw.d br tlw und~nipeed on ~~en dote AerewiM, poy tM pr~rni~na dv~ by rwton tMr~ol, ond rpvir~ repayMnl bp tA~ ~wd~rai0n~d e( <
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suc6 a~o~nri os or~ od•oeced br so:d wa.tpope~. tn the erent ol fa~lvre by tM undenqn~d b r~poy wid o~wovnb b soid isortyeyN, ~~rcA fo~~r~ ~Aoll
b~ cowsid~r~d o d~(ouH, ond dl pro~isioes o( ?M no~~ ond wor~9oye w~tb reyard to ddavN sAoN b~ opp~icoW~.
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S. To pKm~r, comm~t w svffa no w~s», i~wpa~rrn~nt a dHa~orNion d said D~aw~Y, a~^Y D+re ~her~o/. ~nd vpon ?M faihrr~ d ~M ma~p~9or b k~ep NM `~..t
- bv~td~nqs on.ssid pop~rtY in qood cood~tion o1 r~pai~, tM Mwtyaqe~ mry d~m~nd tIw ~mmed,n~ rep~~r ol s~~d b~.~ld~r.ys, w u+ inae~s~ :n M» ~~naint of securiry. w
rM imn~dim rep~ymenr o/ tM deM her~br secwed anA rM /a~k+r~ of th~ JNwtp~pw ~o coewiy w~M sa~d danand d Ow Mwtq~p~e fw • pKiod o! th~rtp (~0)
dars, sAall cantiwq • brs~cA of fhis mw~9+0~. M+d. ~t tM option of tM Nbrtp~y~e. ~mn+~d~~lely rn~wre th~ enti~~ arw~rnt ot princip~l ~nd i~m~ft haeb~r
f`~ ~ec~.;.ed, •nd ~~+++-~e~~ar~ty ind .v~thwA notic~, tM Marp~qe~ m~y i~stiw» pocMd~nys ~o fweclos~ rh~s mortyp~ ~r.d applr fa tM ~ppo'~n+~*enr o1 ¦ Recs~~M,
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