HomeMy WebLinkAbout1299 TO HAVE AN~ TO HOlO the same, togethar with the tenements, heredilaments and appurtenances, unto the
Mortgagae, in fee simple.
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ANO the Mo~tgagor does hereby cove~ant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful ~ight~ to co~vey said land i~ fee simple as afo~esaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to ente~ upon, hold, oaupy and enjoy said land; that said land is fn:e
from all incumbrances; that hs will make such fu~ther assurances to p~otect the fee simple title to aaid land in the
Mortgsgee as msy reasonably be required; that he does hereby fully warrant the title to said land and will defend the
same against the lawfvl claims of all persons whomsoever. •
PROVIOED, AIWAYS, that if the Mo~tgegor shall pay unto the Mo~tgagee the certain promissory note of which the
following in words and figures is a true copy, to-wit: ~
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCUTION OF RIVIERA aEACH
~Turt~~~e ~ote
RIVIERA bEACH, fIORIDA Mdr'Ch , ~q 74.
' seing indcbted. fo. wlw reuived, the w+d~niyned ioietly +ed aver+lly p.omis~ ro p+y to COMMUNITY FEOERAI SAVINGS AND
IOAN ASSOCIATlON OF RIVIERA bEACH ~t its office in tM City of Riviaa seach, Flaida, w wder, tM sum of ~IRTY~F~UR
THOUSAND SIX HUNDRED-AND NO/100-----------------------'-"""~~5~=34,600.00 ?
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to~e~he? w~th s~++c~eir thueon a he~e~nsi~e~ s+ahd ~n ~wnrNy ,~~~.~~~K ofThree Hundred Two and 31/
' ---------------DOlu?as (s 302. 31 The ~NSr ma,rhy insu~~ma,r sh.u b. d~. .~a pay.bb a, th. tenth
day of September 19 ~4 ~~~4~cnt insullmbnri sh+ll be dve ~+d WY+~ a'1 ~ tenth
day of e~ch snd evcry ulendu mon~h there~Fte~ until thc princ~pal ~nd inte~esl ~re fvlly paid.
trrger sums msy b~ psid at anr time. b~?t the p+ymeM of a~y such luqe~ svea in addition to il+~ paymenh htrein rpu'v~d ahall
not ~el7eve the msken of tM p+Y~t of tAe monthty insullments Mr~~n p~ovided fa, unless it is speci(icat~y stipulated by tlw maken at tlr
ume of payment that ivch lar~r suna +r~ to b~ ~pplied to tM advanc~ p+yment of fM montAly irotallments neat matwiny in tM ader of
tAeN dw dates. All payments mx~ upon this rate ih+ll bt ~pp~ied firs~ to the paYmcnt of acc.ued inte?esf and secondly upon th~ principal.
This obliy~tion sh~ll b~u intaest t?on+ d+N ~hs rate of Nine & Fi ve-Tenths PK ~t ( 9. ~J~ PM
umi) the princ~i and i~ter~st ue fully p~id.
Interest fw each cakndsr month shalt be accrued on the f~rst d+y of ssid month and be computed on the onpsid bs~ance of principal
and interest existing on the last day of the prec~ding rtanth. This note shall be considered i~ defavlt when a~y paymenl required to be
made he:eunder shall not have been made wi?hin thirty dsys following its due date and shall remain in dcf~uft until said psyment shall
have bee~ msde. Whik in defauN, thia note shall bear interest at the ~ate of 10% per annum in lieu of the rate F~einbefore speciFied.
All makers and endo~sen now w 1+ereafte~ becomin~ putits herero pintly and seve~ally wa'rve demand. noY~ce of narpsymeM +nd
protest, snd ~ee tMt in ~he event of def~ult in tht piyme~t of any insullment rw~ the whok of said indebtedneu sh~ll tha~-
upon ~t the optao of the holder, becoms immediately due and payable. ~nd if tAis nou b~comes in defavlt ~nd is placed in tFK hands
of an ~norney for colkcrion, to pay reasonabk attorne~/s fees and all o~Fxr costs fo~ makirg such colkction.
This note ma„ ~~~~~a st any time. S Narol d Y. S. Won
HAROLO Y. S. WONG
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6 S/-- Norma_M. Won~---------------------- ~
N~RMI~ M . W~NG
- --~sewu
(ihis note is srcwed by • mortg~ge o( even date executed by tM m+kers in favor of Commun7ty Feder~l Savings and Loan Assn. of Rivi~rs Beach)
and shall promptly perform, comply with, a~d abide by each end every the stipulations, agreements, conditions, and
cavenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void.
AND the Mortgagor dces hereby covenant and agree:
1. Io paY +M ~nd sinyutn t!r pindp~l ~nd intNest ~nd othu sums of monw wy+ble bY virtw o( said pram~ssory nou snd this morty~q~, o? ~ither, warotb
on ~M d~ps .~sp~crirey, tM sane s~vardlp can~ du~.
t To wr all and s~nqvlu ~he ~a¦ea. assesamen~s, lev.es. I~ab+l~~~es. obl~qar~ons ~~d ~ncwnb.snces o( rver~ ~+rurc on sa~a aescr~Ded popert~ exA and every
when dve and psYable xcwdmg ~o Aw, befae rAey become deLopven~, and ~f rhe same shall .qt be DronM~ly pa~d tAe Mortgaqee maY st ~ny time either befae
w atur dei~nqococr ear ~?K same wnl,ou~ w~~vmq a ai(ecnnq ~Ae opnoo ~o lorecbse. a+or ngM hereunder, and every P+Y^~m so msde sMll bear lnterest from
~~e d~~e ihe•eof af ~he r~it po~~ded m sa~d pomnsay note.
3. To kep the 6uildd~ps u~d sll puipmeM ~nd persor.il properry now a hereaiter on said Wemises, cov!red by tFus mw~g+9~, ins~red in • svrn af lesst
cqwl to the unWid b+1a~c~ of Mws mw~y+g~, incl~dinq fin. e¦tended cmrerage ~nd vand~lism ~nd en~lic~ous inswante ss ro p~opert~es other than dnrelli~qs. and
" t~re, e¦~ended coverp~ N+d sPCCial fam Wher perils inswanc~ on dwsllinqs ttiy~ble iw such brwdened cover_~e - pov~ded. Iwvwve+. ?~+t s~cM ins~r~nd M in
~nwunt s~r(Fici~nf to co~+p~y with snY cairowanc~ rp~rireenenes cov~rinq ~unt vnd~r rhe laws of the :t~t~ of f~aida, and provided fwsher d++t the P~KY « PdKiM
sh+tl Ee wrinM in s cornp+nY or comp+ni~+ a+d thro"9~' W~^~Y s+~ist~ctory to tM Mwtqsqee and ~Mt said policy er policies sAall b~ hetd bp tM Mwt9sq~e
- ~nd shall Ew • s~~ndsrd New York Moreq~yn Claus~ witMov~ conrribvtion. mak:nq eM bss u~d~* s+id pol~cies paY+bb fo tM Mwfppe~ u ib in~unt msy ~pper:
a~+d in tM ~venr ~nY swn o! mwrr becanes WYabM ~rrd~r u~y s~ch vdicY u Po~ic:ts. the N1ort9+9e~ shall h~ve tM ePtan 1o r~ce:.rr a~d +vOh 1M saen~ on
sccwM of fM ind~bednns ha~eEY fecwed. ot ro pKmit the Morty~qw 1o receiv~ and us~ it. or sny P+rt Maeo1. /a other qrrDOS~+, witha» tM~~b'p w~mny
or :mp~iri~9 Mr ~~~Y, lien, w~iyht ~nde~ ~nd bv virtw of this reoriyaqe: and in fM event ~he M«~g~yw don not cwrwh w~th th~f coven~M, dw MM9~9~~ ~y1
may pl~ce and pay for s~d+ 7nswance, w nw P+~ wi~hwf w~i..G~y a~ff~ctinq tM oprion to for~clou, w arry riqAt here~,nder and tM fvll ~moiwN of e~ch ~T
a~d ev~ry such p~ynw~t sAsll be inrerd"i~telp dw and WY~ +~d shall bear inNrnt fran tM date tMreot until psid at ~he ra~e prwr~ded in said ooM u~d wgelher ?
wiA sucl~ inlerest shsll b~ seturw b7r dr 1~ oi th~s ~nwtW9~. L~
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1. TAet iwrtpo~~, waY, st a~ tiiw du~ino /M wwqa~ hr~, oed ie i?s d'ncr~tion, oppl~r fw ~~n~v?d of wat9aW 9YOronqr a~wronc~ cew•iw0 tl» ~
.a.po~..~.cw.d br ~A. ~~d.raqw.d ow ~~~e dof~ h~rswiM, por tM prtwiu~n dw br r~osow tMr~oF, owd ~pvir~ r~pry~nf bp tla rwd~rsqw~d ei. ~
such o~wunb m ar~ odronced br w~d rww~Qop~*- In tbe e.ent of loilvr~ br ~1~• vnd.n~yn.d ro r~pop wid owovnf~ M wid woityoON. ~dcA feilw~ sAoll
b~ cowaid~r~d o ddauh, and dt provisioni oi tM wo~~ oed awrtpoye w~~ r~po?d ro d~fovlt sAoll b~ opp~~cobl~.
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S. To p~rmi~, canvMt a suNu ~o wuf~, imp~~rmem a d~wiaafion oi ~aid prop~rty, w arw D+~? tAerwl, ~nd ~~pon +M f~ilwe oI fM maty~qo~ to k~ep tM ~
buiWinq~ o~ uid poW~tY in qood eondition d rpair, rA. Abr~wy.. en.~r dan.nd ~M «~*ed~a~• rp~ir of sa~d b~~Id~nqs. a~n inu~~s~ i~ tM anwunt of ~acuri^r, a ~e
tM imm~diaw ~~o+Y~t oi tM debt he+eM secwed and tM f~ilur~ o( tM Mortyaqw a cwro~r w~th ssid d~mr~d o1 tM MortpsqN fa • W~~od o}~Mirryr (~0) ~o
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dM. slyil coeqtituN ~ br~acA of Mif mw19+9~. ~nd, at th~ aDtion ol IM Nbrt9~9M, imm~di~aly rmtw~ th~ eM:n ~naunf of W~~W) and inhrMf lwr~bY Cc[f
- iecwed, and imme~st~N ~nd wilhaN naic~, tM MwtqapN mnr insrifw~ p.oc»d~Ays ro/a~clos~ tAis mwrpaq~ ~nd spplp fw H» a00pmm~nt o1 • Rec~ivN, ~s
h~rt~~~alre~ p~o.~ded.
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