HomeMy WebLinkAbout1521 TO HAVE AND TO HOtD the came, togethe~ with the tenements, hereditaments and appu~tenances, unl+~ ths
Mortc~a~ae. 1~ fee simpl~.
AND the Mort~a~or does 1?ersby oovenant with the Mortgsgee that he is i~defeasibly seized of said (and in fee :impie, •
that he has full power and lawful ~i~ht to oonvey said land in fee simple as aforesaid; that it shaN be lawful for ths
Mortgagee et all times peaoeably and quietly b ente~ upon, hold, occupy and enjoy said Iand; that ~id land it fro~
from all incumbrances; that he wili mske such fuhher auurances to protect the fee simpie title b said land in the
Mortga~eee as msy reasonably be ~equi~edj that hs does hereby fully war~ant the title to said land snd will defend the
ssme against i~w iewfu! claims af a!! persons whomsoever.
PR~Yl~ED, ALWAYS, that if th~ Mo~a~or shall psy unto the Monga9ee the cenain Prom~uorY note of which the
following in words snd figures is a hue copy, to-wit:
COMMUNITIf FEDERAt SAVINGS AN~ LOAN ASSOCIATION OF RIVIERA dEACH
~~r#~~~e ~o#e
RIVIERA dEACH. fIORIDA May 13. 19 74.
bti~g ind~bt.d, fa v.h,. .eo.iv.d. tl+. ~+ad.rsipn.d i~h? s~a s~ve.dy promis~ a pay ro colYlMtNl~n FEOEw?L s/?v~t~IC6 ANc
tOAN !?S.SOCIATION OF RIVIERA dEAGH ~t its offia in th~ Gh? of Rivier~ 8esch, flaida, ««e~a., +h. .wa of FORTY-NINS
THOUSAND FIVE HUNDRED AND NO/100-----------------'-" a 49 • 500. 00 ~
w;~+ ;~n„ ,Mn,,, „ ~«u+,~•, „+,•d ~ ~r~,? ~.t.~~,,.m. o~ Four Hundred Six and 97/100-----
-------------~alARS lf 406. 97 L TM f~rst tn~t.tunem s1+.0 b. aw «~a P+r.w. on +1~. tenth
~+r ~ October 4 «+d :~b~qu~t ~+.u~un~^K sl+.n b. d~' '~a P'y'b4 'h~ tenth
I d~y of exh and ~very ui~ndar awnth then~f»r until tFr pi~ncipa~ and intaest an full~? p~id.
I larper sums m~y b~ paid at any t~, but tl+~ paymeet of ~ny svch lu~cr sums in sddiYan to tir paymer?b hsrein requi~ed shall
rot relie~e tl+~ mabn of th~ p~yment of tM monthly imt~ikne+?ts herein provided fw, unkss it is sp~cifkally stipulat~d by tM rnakas N tM
I r~me of payma+f that such Iuye~ sums are to be appl'~ed to the adv~nce psymsnt of the monthl~l irotdlmenri mxt m+turirg p~ the ordN of
the'v due dates. Ail p~ymeots mad~ uEwr? th:s r.,-.s~ sht!! be ag~lxd fint ro•1~ g+~y~nenr of accrusd inm~ and seoondb vpa+ ~he P~~•
This obliqation sl»tl bew intcrest from date ~t tFr r~t~ of E1CJIlt & Three-QuartersP.. ~ c 8• 75
per ~nnum ~rntil tM p?incipal and interest sr~ fvlly p~id.
;vr tsch ukndu mor+th slull be ~ca~ed on the f'ust day of said month ~nd be comput~d on tM unWid balanoe of princ~p+l
u~d intcrest ~xistinp on the lut day of ths preceding month. This note sh+ll b~ contidered in defauk wha+ any p~YmsrN ~s~ir~d b b~
made herevnder sh+ll rot h~ve been m~ within thirry days folbwinp its dw date u~d sFull r~en~in in def~uk until said p~ymem sh~M .
have baen m~de. While in defwh, th~s note shsll beu intaest at ~he r~t~ of 10% per ar?num in lieu of tiN rat~ iwiu+b~fo?e sD~afi~d.
~ All maksrs ~rd a+dorten now or hereafter bacomirg Wrtiss henro jointly u+d sever~tly w~ive d~n~nd, notics of ~on~+Yme^t and
protsst, and ap~~s th~t in the event of def~vlt in the paYme^t of ~ny ~~~~~s ~~~s ~~f~lt~ad~~p~f K~ ~II t~~
upon at the optia+ of the holder, b~coene immedim~Y dus and P+y
of an attorney fw colkction, ro WY ro~sonable attorney's fe~s and all ahsr cosn for maki~g such collMion.
This no~e m~y be pr~piid in wFwfe a in pan at srnr rim~ w~thout pen~hy.
f S Robert W. McBride ~u
~
ROBERT W. McBRIDE
~~?U.
i '
k S/ Sandra N. McBride ~ ~
SANDRA N. McBRIDE, formerly_kn~
(if~ nots 's seared bY • matqge of even d~te execvted br tM reNkers in fa~vo ot Cannwnity fed~r~l Sava+pi and lwn Assn. of Riv~en Otad~)
and shall promptly perform, mmply with, and abide by each and every the stipulations, agreements, conditions, and
covenants of said promiswry note and of this deed, then the esiate hereby ueated shall cease and be null and void.
AND the Morigagor does hereby covenant and agree:
1_ Io P+1/ dl and sinyu~+~ Mw w'^PO+~ +^d iMwest and otMr swro of awn~Y W1~+~ ~ wtue oi s~id v~~~saY noa snd this matyry~, a~ither. Wan~Mh
on dw d~ps r~sp~ttivsly, tht sam~ sM~~lly conr dw.
l. To P+Y ~11 and sinqul~r rhe t~aes. ~ssess~nenfs, lev~es. I~abl~~ies, oW~9+~~wn ~nd ~r+cu.nbrances oi rvery eiarwe on s~~o oeur~bed P~~h~ exh ~nd eve+v
when due and wv+~le xcad~nq ~o law, be(we M+ey become del~.q~re^~, +^A if the sa~ne s~+all not be panp~h wid tAe Mwtqayee ~naY a~ antr time eitl~ be/ae
or aiur del~r.q~encr Wv ehe same w~~hw~ w~ivinq a ~ffecrinq the opt~on to 1ae;bse, u anr ~Wh~ herew~de~, a~d ~"~`r wr~^f s° '^~de s~+sll bear interest from
rhe da+e +hereof st Me rafe wov~ded ~n ~aid prom~sso?y nWe.
3. To keep the b~ild'ings and all eq~ipmem snd persw~a~ W~~Y ~ o? hereaftcr on said pemises, covered by this mortqaye, inswed in • sum at Iwst
equal to the ~+npsid balsnc~ of th~s mor~9sye, incl~ding fire. flood, extcr+ded coversge, vandaliun, rrNliciovs mischiei, snd any orher cover+ye required by the
mortysgee, u ro properties other thsn dwellinys, snd fire, flood, eaNnded tove~a9e. special-form other-perils inw~ance, and anY otAer cwrersqe rpuired by
~f: ..w~~,.n~+, en dwellirws eliqibk fw wch brosdened coversge - provided, however, that such inswance be in an' ~mo~nt sufficiMt ro canpty wifh any to~
inswsnce req~irsmenri coveriny same under tha Isws of ihe St~t~ of Florida. ~nd Dr~ded twli~et that the policy p policip shall be written in a comWny w
companies snd thro~yh +n a9ency satisfactwY to the Mwt9a9ee and that ssid Policy or pol~cies shsll be held by the Nbrt9a9ee a~d shsll bea~ a st~ndard Ntw
Vwk Mwt9s9ee Clwse without conb~but~on, m+kiny rhe toss VM~tf f~d pCIKiK paysbk ?o the Mw~y+9~ as in inrrest msy appeu: and ~n tMe evenf any sum
of nwney becanes WYSbIs unde* +ny such policy w poticies, the Mwtgagee shall have the oQt~on ro rece~ve snd spphr the same on xco~~r of the indebredn~u
her~by sccvred, w to permit the Matys9or to receive and vse ~t, a anp p~?t N+ereof, fw other pwposes, w~rFa~t thereby w~iv~ng w imp~tr~ng anr eeu~h. 1~.
u right under snd by virtue of this mwtyage: snd in the event the Mortq+por does not comply with rhis covcnant, the Mortysgee m+y P~e +^d WY f« fuch~
~nsw~nce, w any part thereof, witha,t waiviny w sffectiny the opt~on to foreclose, w a~y riyht herevnder, and rhe full amar~t of exh u~d every svcF~ paY~nf~
shatt be immediately due snd p+Yable, snd shall bear interest from the date thereof ~ntil psid at tl~e nte povided in sa~d note and toqether w~fh s~cl+ intaast~
ah~~~ be y~(y/!d by fIl! IiM of th~s mw~9~9e• ~nswance cwerin9 the peril of 11ood damsgs sh+~~ be as required by ~he Federal D~sssrer Frorect~on Act of 1973, _J
T~
a as amended, snd mortgaga covenann and agrees to comply in sll respects with tne p?orisions thereof. j
~
fr..
1. That mortgaQee m.aY, at a~y t~me d~rirg the mortgage term, snd in its distretion, apply fw renewsl 01 mwtyape 9~++ranty inswsnce coveriny fhe
mortgage eaecured by rhe undcrs~gned w+ even date he~ewith, pay the premiums due bY reason thereof, snd require repayment bp ti+e wde~s~9^eJ of such
smoun~s as sre advanced by said ma~qa9ee. In the event of fail~re by the undersigned ro repsy sa~d anw~w+ts to ssid mortyaqat, such failwe sMll be con- ~~A ;
sidered s defsult, ~~d all provis~a+s of rhe nore and mon9+9e wirh reyud to defsvlt shall be appGcsble. ~t
~
•S. To wM+~t. cwnn+n a avMN no wa», imp~ir~nt or d~w'.owtan of aid prow~tY, or ~nY oxt tMnof. ~nd epon Nw failur~ of ~M matypw ~o k~ev tM ,
.s-
boildinyf on Nid D~~W~ty in qood tOndtion o'1 fpN?. /M MoA9~pM nry d~T~ t!N i~~H t~Wir Of s~id boildinp3. p M irKrlas~ in tM •~n~wm O/ aKU~:ry, d
t~• ~:.•med•~+• rr~~vm~nr of tM debl her~b'fl Meur~d M~d /M l~ihw~ of NN MOr1W9a? b cw~O~Y wiM said d«n~nd of tM Morlpaq~e fo~ s ps~~cd of t:~:,r{
~ . . . - . . . , ~ . . -.i .hl~ moriyiq~. Mld. 11N Optiall O~ IIM MOft91p~1, iefm~llt~Y IIM1Yf~ I~M Mfif~ M10~w11 Of W~ip1! ~nd r'e~:a• . ~
~c~w'< .~a'. ' d^" 3 _
- ~`ar}~-,ri.~ '
_ ~ _ . .u.~. < _