HomeMy WebLinkAbout0411 ! ~
TO HAVE AND TO NOLO the same, together with the te~emtnts, hereditaments and appurte,nances, u~ro the
Mortgagee, in fee simple.
AN~ the Mortgagor does hereby covenant wilh the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful ~ight to convey said land in fee simpla as afo~esaid; that it shall be lawful fo? the
Mortgagee at all times peaceably a~d quietly to ente~ upon, hold, occupy and enjoy said land; that said land is free
from all incumbrances; that he will make such further assurances to p~otect the fee simple title to said tand i~ the
Mo~tgagee as may reasonably be required; that he does hereby fully warrant the title to said land and will defend the
same against the lawful claims of all persons whomsoeve~.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mongagee the ce~tain promissory note of which the
following in words and figures is a t?ue copy, to-wit:
` COMMUNITY FEDERAL SAVIN~'sS AND LOAN ASSOCIATION Of R{YIERA BEACH
~
I ~Dr# ~ e D#¢ ~
4 c' $ c~ ;
~ RIVtERA BEACM, FLORIDA . A P 1" 1 ~ ~ ~ 19 7 4. -
' deiny indebted. fw wlue rcceivad, tFr unden~qned iantly snd uver~lly promise to paY fo COMMUNIiY FEDERAL SAVINGS AND ~
I IOAN ASSOCIA?ION OF RIVIERA BEACH at off~ in the CM af R'wie~a Be~ch, Fb.~a,, « aa~., ~h. a,H++ ~ F 0 R T Y T H 0 U S A N D :
~ ----------------------------------------oow?~sts 40,000.00) s`
; AND NO/100---
;?~,,,K w;,h p htreinafttr :~.~~a ~+«?thh ~~•~~m• ~ T h r e e H u n d r e d T h i r ty a n d 2 2/ 10 0-
I------------- oo~u?as cs 3 3 0. 2 2 1- The fin t tr~t~llmrm shall be d~ and paYabl~ a+ ~ t e n t h .
~ d~y of M dy 197 4 and svbsequsnt iruullmcros sh+ll b~ dw ar.d payabl~ on the t e n t h
day of each and every ukndar month Ihereafter ~ntil tFN PfIfltlPil afld I111tiKf eff fUIIY
l~rgsr tums rrUy be paid at any time, but tM payment of ~ny such l~rger swns in addit'wn to tl+~ payments herein requ~red sMll
not relieve the makers of the paymem of the monthly irutallments ixre~n provided fw, unkss it is specifically stipulated by the mabn ~t tht
u
r~me of psyrrKnt that such lar9er sums arc to be applicd to the advance paymem of the monthly inftaltments next m+turirg in the wde~ d
~heir due dates. All psyments made upon this note sh+lt be spplied fint to the paym~nt of ~ccnxd interest and second~y vpw+ the P~inc1P+1.
Thn obl~y+tion iMll beu inferest from dste a~ rhe rate ~r E i g h t& E i g h t- T e n t h s pN o~t ( 8. 8 ~ "Y~
pe~ +nn~m until the princip~l and interest ar~ fully p~id.
li tnterest _iw esch cakndar month aM1I be xuued on the first day of ssid month end be computed on the unp~id balarKe of print~p~l
i and inteaest existirg on the lut day of the prcceding month. ihis rate sMll be considered in dcfault when any p+yment reqvirsd ro 1» ;
; m~de hereunder shall nW have been m~ds within thirty days fotbwirq its due date and sha~l remain in def~uk until said p~ymcnt sha11 t
have been made. Whik in def~ult, this note sh~ll be+r interest at th• r~te of 10% pe~ +nnum ~ieu of tlK r~te hsreinb~fwe specifi~d. ~
~ All makers and enclorien now o? hereaher becomirg puties hercto jointty and severslly waive denand, notice of ooo~paymem +nd
y protes+, +nd syre~ that in the evmt of default in the payment of any instdlment dut hereunder the whok of said indebtedrxu sh~ll there-
; upon at the option of th~ holde?, become imrt~edistely due and payabk, and if this rate bscomes in def~ult snd is pl~ced in tM h~nds :
mrt e
~ ~ o( an ~norney fw colka'an, to pay reasonabk attwney': fces and all other coits for m+kin~ s~ch collection.
~ This note may be p~ep~id in whok w in psrt ~t sny time without pen~hy.
: S/ Dennis A. Passman ~
~ ; _
~ -A-~~
~ . --_--=-----__-cs~,w
~ .
~ S/. Sharon C. !Passman_W__________~_~?u
~ ' ~
~ : SHARON CL PA~-SM1~i
~ + ~ C,:. rt'-` ------'~-tsE^u
~
~
~ ~(This note a ucvred by • mort~~ye oi even d~te executed br the n+~kers in favor o( Comrtwnity Fedenl Savings u+d Loan Aun. of Rivieta Be+d??
~
~
~ and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
~ covenants af said promissory note and of this deed, then the estate hereby created shall cease and be nul) and void.
~
AND the Morigagor dces hereby covenant and agree:
;i< 1. • io paY a1f N+d sinp~rl+r d» wincipal ~nd innrest ~nd o~her sum+ of mon~y payable by virtue of s+id Woenissory note snd th;s morty~g~, a eit}~, promptty
`r_~ cn fIN di» Ilfp![tiKly. f~N fMn! fM~i~h COIIM dIN. ~
~iy
,`vf
7 io paY ~11 and s~nqular the t~~es, sssessmsmf, ~ev~es I~ab.l~~~es. o~l~qa~~ons and ~ncumb.ances of ~ve.y nar~re on sa~o oexnbed prope.~~ exA and every
..hen d~e and paYaD~e xcwd~nq b liw, bef«e ~heY ~hnqvenr, and ~f ~Me s+me s1~~11 rwf be p.oinptly p~~d rhe Mw~9~9K R++y +t sny t~me eithe. befae ~
a6e~ deLnp.xncr MY ~he ssme w~rhou~ waiv~nq a dfM~nq ~he oo~~on to faedose, d+nY r~qht Aereo.,de~, anA eve.v oaYment so made shall bear mteres~ Sro~.~ ~
~-e da•e rhe.eol at rAe .+re por~ded m a~d pomnswy no~e. -
7. To kep the b~itd~rps +nd •11 equipnent ~nd p~rwn+l p~operty row a he~uiter o~ ssid premises. covrred by this nwrtgsqr, im~red in • swn ~t le~st F
eowl to tAe unp+id b~~a~c~ of Mia mutq~g~, i~cl~d~~g Fu~, e:tended coveraqe ~d vandalis~+ and mdic~ovs ~~s~rsnce as to propert~es otMr ~fi~n dwelfinps. ~nd
Y':~;~`y f~re, eatended cove~ay~ +nd sPKi~l tam otMr perih iruwanc~ on dweilinqs tligble fw such brwdened cover_~e - prw~ded, howwer, th+t t~d+ ins~w+c~ b~ in
i ~m«x~t tvi(~ci~m to comP~Y wiM any co-irowsnc~ rp~rirements covsri~q urne under ~M I~ws of tM ~~a» of Fla~d~, snd pwided fwther ?hN the D~~ « Pdicip .
ihall be wr~n~n in • ca~wany a cornp~roes +nd N+?a+9~+ +9~Y s+tisiacrory to N» Mwrgs9se snd tMr sa~d policy a polic~es sl»II b~ held by tM Mlort4+9K
end sMll bur a s~andxd New Y«k 1Nortp+yee CI~ wiN+ou~' co~rribution, m~kinq tAe bss under s+id pobcies paY+~M to M~e JNortp+qe+ +s ih iMer~st m~r ~ppta~:
~~aj an~ in tM ~vent ~ny swn oI mon~r betoews P+tr+bl~ ur+d~ ~^t~ such Dol'~V a D°~Kiti. ~~~9~~ ~"11 Mw tM ootion ro receive aed +DdY ~ s+"»
4~-~ witl+out TMrebY waivin9
:~a accwnt of tM indeb~~dness Mereby aecwed, w ro pwmit Me Mat w~cceivt and use n, a amr part Hweo/, iw aher P+~POS~+.
- or inw+~rinp ~nY eW~~Y, fien, a riqht ue~der ~nd b'p virnn of this mor~psq~; snd i~ the even~ the Mwtysqor does ew~ comDh with tMis covensnt, tM Mor19~9~~
m.ar D~~c~ ~nd Wy for such insu~ance. w+nr v+~~ Mereof, w~Maut wa~vinp a aff~uing ~M op~:or+ eo i«~clos~, or ~nY riqhf Ae.ew~der ~nd Me fvll ~mount o~ ~
snd e~ry sucfi WYnr^t shaU b~ immdia~ehr dw ~nd Vria~ ~+11 beN interest Iroen tF+e date Nxreof umil paid at the rate pw~ded in said iwN and togeeh~~
witM sucA inlerest shdl b~ secu~r~0 bY rIM IN/1 0l this nwrty~q~. '
r~
4. TAef ~ortOoqN, woY, o+ awp fiw. d~.a~q M~..onpoo. ar., and in its d'ncr~tan, uPP~I~ fw r~w~.rd ol ~wtY~W Y~~h iwwrawc~ cor~•iwo ti» w
~ _ -
,a~ : ~Ipeoe ~a~cvl~d bp IM vnd~rsipn~d ow ~~~w date ~erewiM, poy N~ pr~mi~an dw by r~oww tlwrtoi, o~d ~p~ir~ repoyMwt bp 1M vwd~nqw~d of ~
,x~
svcb o~oveM m or~ odvonced bp w3d wortyope~. In tAe e~~nt of lail~re bp IM und~rsiyn~d to r~pap wid o~ounN ro wid ~orfpop~~. ~~cM ~oirn sAoll
b~ comid~r~d o dslouN, ond dl provisions of tM noN ond iwortpo9~ w~M reOord fo d~(o~t ~Aall M opp~;cabl~. ~
' ~
' S. To pamit. camnit a wff~r no wnt~, imp~ine~nt a d~teriw~tion of said p~op~rty, w+nY D+rt ~hereof. ~nd ~ioon +M f~ilw~ of tM ma~qqw ro k~ep MN N
`z"` bvildinqs,on uid prop~rty in pood <w~d~?ion of rp~ir, tM MwtyayN rnaY d~^d tM i^r^ed'~t~ repa~r oi s~~d b~~ld~rgf, a~n inue~ in tM ~nw~n+t of s~cwinr. a ~
tM imn~di~» r~O+Y~^~ o( tM debt l+aeby sacv~~d ~nd ~M f~~lw~ of tM Mort4~Vw ?o co~wH w~th sa~d d~nd of tM Mbr}qa~ fw • pwiod of._shirry (~0) ~ ~
"^::r;
d~vs, sMll consriwN a bre~ch oi Mw~ ~nort9W~• +nd. N Hw oP~~on o1 tM Mwf9~9N• ~/nmed~Nely m~~w~ rM ~ntin ~naw+t of Winc~Wt and in1MMf hertbp Grp
~"~."ss ucured,.and ~m~i+.r.'r ~nd w~~hov1 nwic~, tM Matqaq~ mnr instih~~ proc~ed~nys ~o lor~clos~ thrs mo~+y~~ and sppl~ fp tM wpwmment o~ • Rec~~var, s+
- F~•e.:-x~'e- c~o.-~dr~'. -
. . - . . . ~ . - ~ ' . ~ . - .