HomeMy WebLinkAbout1628 TO HAVE AND TO HOLD the same, logether with ihe tenements, hereditaments and appurtenances, vMo the
Mortgagee, in fee simple.
ANO 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 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 free
from all intumbrances; that he will make suth furthe~ assurances to protect the fee simple title to said land in the
Mortgagee as may reasonably be required; that he does hereby fully wa~rant the title to said land and will defend the
same against ihe lawful claims of all persons whomsoever.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of whith the
following in words and figu~es is s true copy, to-wit:
~
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
~ '
! ~~Rurt~tt~e ~n#e
;
f RIVIERA BEACH, Fiau~w February 28 ~9 74
deb+9 indebted, fw v~lue reuived, tM ~nders~qned 'p:ntly snd severally prom~s~ to pay fa eok,N?uN~,n~~ENTY F~VE~ ~
IOAN ASSOCIATION Of RIVIERA 6EACH ~t ib oi(ia ie+ rhe Ciy of Riviert 8exh, Florida, a adrr, the swn o!
~ THOUSAND AND NO/100 oou~sts 25,000.00 ~
; roqe~~ w~~b ~~r~.es~ rhe.eon ss herein~fttr :ufed ~ mon~hy ~~.tu,~.~. ~ Two Mundred Twenty and 93/100
oaues ts 220.93 n+~ fK.t ~mt.u~+?om sh.n be d,» ,nd p.y.b~e rhe tenth
day of Apri l 19 74 ~nd svbseqvcnt hutalimenfs sMtt be due ~nd paysdk on the tenth
day of each and every c~knd~~ month fheresfier uotil ths princip~l and imerKt ar~ fvly paid.
luger swm may be paid at any time, but the p~yment of any such larger tums in addition to tM payments hcre~n required ahalf
r+ot reiieve the mak~rs of the p~yment of the monthly installmentt he~ein provided for, unleu it is specifically stipulated by the msksn at the
r~me of payment that_ suth laryer sums are to De applied fo tht advance psyment of the monthly installmrnts nexl maturing in tM ordsr oi
thc~r due dstes. All payments made upon th~s ~?ote shall be applied first to the p~yment of ~caued inreresf and secondly u~wn tFr principsl.
Th~s ~r,9,~;~„ slull bear ~„~?~s~ r~om a,~~ .,t. or Eight & three-fourths P.. ~ 8.75
pe. annum unril the p,FnNpal and inte.est u~ fully paid.
I~tcrest for each uknda~ r.anth shill be ~cvvcd on the first day of said month ~nd be computed on the unpaid balance of prinup+l
ar.d imerest existing on the lut day of tht preceding month. This note sh~ll be considered in default when ~ny payment requ~red ~o be
made hetcunder shall not have been made within thirty day~ foHowing its due date and shaU r~main in default until :~id payment sMfl
have been made. Whik in default, th~s note sh~{I bear imerest ~t the •~te of 10°X~ per annum i~ liev of the rate hertinbefor~ spec7fi~d_
All maken and mdorsen now w hereafter becoming p~rtiet hereto jointly and severslly w~ive denand, notrce of noap~ymcm and
, protes~, ~nd syree that in the evrnt of default in the payrt~cnt of ~ny installment dw heaunder the whok of ss~d indebtedness sh~ll there-
: upon at fhe option of the holder, becane imrncdiarely due and p~yabte, a~d i4 this aote becomes in def~ult ~nd is pticcd in tt+e Mr+ds
of an ~nwney for wllection, to p~y ~easoeuble ~ttwney's fees and atl o~htt costs for msking suck colkcfion.
This note msy be prepaid i~ whok or in part ~t any rime witF+out penahy. -
S/.._SdSCaf~_N.~_~]deS _----------cs~?U
Savvas N. Macrides
~
' --------cs~?u
; • S.~Blanche.Macrides --_-----_-__---_-------__-----~u
Blanche Macrides
~ _ is~w
i(This note b secured by • mort9aye of even date ezecuted by the maker~ ~r frvor of Commw+ity Federsl Savings and loan Assn. of Rivier~ Besch)
and shall promptly perform, comply with, anc/ abide by each and every the stipulations, agreements, conditions, and
~ covenants of said promissory note and of this deed, then the estate hereby created sha!! cease and be null and void.
AND fhe Mor~gagor does hereby cove~ant and agree:
~
1. lo Pa~ .n a~d sing~lx th~ pinc~pal and interat and aher swns of moneY WY+b~e by virt~e of said promissory noee a~d rhis mwtp~qt, a eir1~, poeiptly
on tM d~ys respettively. Me s~ine iev~r~lly tore~e d~~e_
~ To paY all and s~ng~la~ rhe ra¦es, assHimen~s, lev~e~. t~~b~Lnes, oEl~q~hons and ~i+:w~+bances ol ~ve.y neevre on u~o oeur~bed pioperry exh ~nd every
~.Fen dx ~nd wYa~le xcadmq b la«, belwe rhey become del.nquem, and ~f tbt aame shall no~ be urompOy p~~d ~l.e Mortgagee may at ~ny rime e~thtr befwe
ahn del~..q~ency pa~ Me ~ame wilhpul wuv,nq p. ~I}K~,~ the opr~on ~o faedoie, or my nghr h~.eu~der, and everr wrmcnf so made s?uN bear mre.esr Iro.n
~-~e da~e rh~reof ar rhe ~~re po,.~ded .n si~d p~wmsio•v ~o~e
To kep the O~~Idinqs and ~II eq~riprnenl and person~l property rww p herpffer on said Wrm~ses, cowred by ehis mcf~g~y~, ir»wed :n ~ swn ~t least
epwl to rA. unp,~d Ds~.nce of this mut~qe, incl~d~nq f~re, e¦~ended coveraqe ~nd vsndalis.n ~nd m~lic~o~s inswu~ce as to propert~es otl~er th~n dweliinys, ~nd
(ire, eatended coversg~ and speci~l form orl,er perils iiyuranc~ o~ dwell~nqa eligdle (w such bwde~ed cover_~e - ww~dcd. howwer. tA~f svch ins~nsnc~ b~ in
~mamt s~if~c~er+~ to compfy with any cairKwa~ct ip~;remenb co,rerirp same vnder ~Ae Isws of the ;~~t~ of Fior~da. ~nd Prov~ded furtF~er eh~t tlee policy w pol~cita ~
' sMll be wrine~ in • comp~nr w cwnpanies M+d tlrovqh ~n ~pency Ht~1~Klpfy to tM Morty~qee and th~t said policp or pol~c~es shall b~ held by tM Mortps9e~ 1
and sMR pe~ a s~x~dsrd New Yak lNorty~ye~ Ctavs~ withw~ contribvtion, makinq the bss urder said pol.c:et p,~rabls fo iM Morr Y appe~r:
and in rM wani ~ery s~wn of ~w~ty becomes paY~bb w~er ~n such policy « po!Sues. H+e Mort 9~4~+ K iK i~terest m~ ~
Y ga9ee shall Mve tM opt:on ~o receive ad apply 1M sam~ on ~
accow+t o/ the ind~btedneas he~~py secw~d, w ro permit tM Mw~y~qor ro receive ~nd uu ~t, a ~rry par~ M,ereof, fw otAer p~po~es, wirho~t H+ereby wairin9
' or .mpai~inq ~ny ~q~+ry., lie~, a i:gbi uneles ~nd bp v:rfw of thin ma1~9e: ~nd .ffie evenf the Mort9sqor doey net coenply with M~s covenant, tM Mortg~qe~ ~
~ I++ay plac~ ~nA pay for sucA insuance, w w+~r pa.t M~ereof. w~tlw~,t w~ivinq w~ft~u~nq ths op~ion ro I«ecbs~, a a~ry n9h~ he.eunder ud tfie fvll anww~f o/ e~ch
snA rvwr wch psynrnt sh~ll bt ~mm.du~~1y dw and o.rabt~ .nd sh.n bex interest iroen tAe date M~reof until pa:d a~ ~Ae rate provided in said rwN ~nd IoyNhe~ ~
w~~ a~cA inMnt si~all b~ ~eax~a btr rht Len ot rh:t mwtqayt. ~
4. TAet ~orlOop~~, iwp, 01 awp 1i~ d~~iwy Na ~orqo~ hrw, owd in ws d'e~er~tion. opplp loi r~w~d o~ worlQop~ ouoroury ia~vrawe~ eer~rino /1» ~
c
~wo~lYop~ ~:~art~d by ~ w~d~rtipwed oe ~~~n do/e her~with, pop tM pr~~niuss dw by rwwn tMrto}, owd reqvir~ repoyw~nt bp tlH ~nd~taipn~d o) ~
' iuch ow~ounM os or• od.oeced by wid nartpopN. In rAe eren~ of lo~ture by the vnd~rsipned /o r~por wid oiwounh ro wid ~orry~N. ~~rcM foilvr~ sAoU "
c_~_.
b~ consid~r~d o delo~h, ond oll pro+rii:ons of ?A~ nob ond ewrtpoye wiM reyord ro d~lovlt slqll b~ opplicoW~.
S. To pKmit, carynA a svff~r no wsst~, ir~pa.nnent a deNria~t~on of u~d Drop~rty, w any P~rt th~~~o1. ~nd upon t1~ f~~lw~ o( ~M nwrty~qa ?o k~ep H+~
b~ild~nqs o~ uid papatp in yood condtron o( np~ii. Nw A4wtq~qe~ ~aY d~nd ~M :/wnxduN ~~w~r o1 s~~d b~~ld~nys. w sn incre~se ~n tM anwvm M sec,w~ry, o.
eM im~n~diar~ reyaymerrt of N~ debt Imreby s~cw~d and tM fa~Irr~ 04 tM Mortp~por ?o canply w,tl. sa~d d~m~nd of ~M Mwtp~q~e fa a pK~od of Mi~r t~0)
d~ri, s?+~II cons+~tut~ ~ beach o} thi~ enortqaq~, and. N tir a,ptan of M» Mw~q~qN. ~mrnrd~~hty m~rwt tM ~ntir~ ~inoueN d p;ne'p~l anA inl~r~s~ htr~b~r
i~c red. •nd ~r.+~-e~~~i~ly ~r,d w:thp~ npfice, tht Morty~qw m~r instit~» p?oc~ed~nqs ~o (or~ctos~ tR~s mortpaq~ ~nd apply fw M~ ~ppo~ntmen~ ef • Rece~ver, n
.~J
Y 1 ~
' ~
~~`~'.¢.[~~t-~.` K°' -d~'T` ~ ~ - _ ~ ~ 1
'A.. - i'f~1~,
r,a 'Y-~ ~~~3'" w`~ .~„~a
. _ . , i^2 . „ . ~ - ~1' '
- _ . _ . . ,~5' lr.n";::~~~~ ~s