HomeMy WebLinkAbout0534 ~
:
TO HAVE AND TO NOID the :amc, togethe~ with the tenements, hereditaments and appurtenancet, unro tfie
Mortgage=e, in fee simpls. ~ '
AND the Mortgagor does hereby oovensnt with the Mo~tgagee that he is indefeasibly seized of said land in fee aimple, ~
?
that he hss full power and lawfut ~ight to convey said land in fee simpte as aforesaid; that it shall be lawful for ths r
Mortgagee at all times peaceably and quietly to enter upon, hold, oaupy and enjoy said land; that ssid land is froe
from ail incumbra~ces; that he will make such funher auurances to protect the fee simple title to said land in the ~
Mortgagee as may reasonably be required; that hs does hereby fully war~ant the title to said Iand and will defend the ~
same against the lawful claims of all persons whomsoeve~.
PROVIDED, ALWAYS, that if the Mo~tgagor shell pay unto the Mortgagea the certein promissory note of which the
following in words and figuros is e true copy, to-wit:
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RiV1ERA OEACH ~
{ ~~X#~M~p ~D#8
~ RIVIERA eE/1CH, ftORIDA ~ o( ~ ~ 10 74.
f bthg ind~bted, fa valw received. tM wwkngnd jointly snd severally promise W psy to COMMUN,~ENTY TMDYiNC'~b AND
tOAN ASSOCIATION OF RIVIERA BEACH ~t its offioe in the Gt1r of Rivien Be~ct4 florida, a wda. tM swn of
- ~aw~s cs 22,200.00 )
THOUSAND TWO HUNDRED AND NO/100-------------------------------'
~ w;* ;~,~n„ ,M,~„ „ :~.,~a ~ny ~,t.nm.~+. ~ One Hundred Ninety-Two and 67/100-----
' ---------oouwrts cs 192.67 1. ?I+~ firat iiut~llmem sh+ll M dw ant! p~yabl~ on the tenth
( d+r of November 19 74 a+d subsp~t G+stallm~MS sh+ll b~ dw snd P+Y+bb on tenth
! day of e~ch and ~very ulendN month there+fter until tM princip+l and interest u~ fully paid.
{ luqer s~rms m~y M p+id at ~ny tim~. but the pay~ntnt of any svch lu~er sums in addition to tM p+ymcMS 1+e?ein -re~uirsd shall
I rat nli~ve the m+k~n of tl» p~ymeM of the monthty instaltments he?ein providsd fw, unku h is spccifk~lly stipulated by tM m+ktn ~t tM j
r~me of p~yment that such luqer sums are to be spplicd to the sdvance p+yment of th! monthly insqllmcnts rnxt matwinp in ti+~ wd~s of
I thei. du~ dates. All paymeots rnad~ upon thn note ~hall be applied first ro tht paymN+t of accrued cntenst and secondly ~rpon tl+~ pr~nciP+l.
T,,;, ,b,-~,,,p, s~.~, s~, daro at the ~ eight & five-tenths w~ c~ 8.5 x~
I per ~nnum until the principa) ~nd i~terest u~ fvlly paid.
Interest for each cslendar month shall be ~ccrved on tl~e fint d~yof tsid montFi ~nd bt computed on the unWid bal~~ct of p~i~+cip+l
u~d interest ex~stiny on the lut day of tl+~ preced~ng month. Tha rwte st~alt b~ cons~dered in d~f~utt wl+~n anY p+yment req~ired to b~
made hereunder sh~ll not h~ve bcen m~de with~n thirty d~ys folbwinp in dve dat~ ~nd shall r~main in dtf~uh u~til siid p+ymeM sFwN
have been m~de. While in dsf~ult, this note sh~ll be+r interest ~t tht rats of 10% per annwn io liev of ti+t rafi lrrtu~b~fore sp~cifi~d.
!
~ All rrN4en ~nd endorse?s now or hereafter becomirq putiet hercto jointly ~nd sevenlly w~ivt da~tand, raY~ce of noe?~p~Y~+em +nd
! prorest, ~nd ayre~ th~t in the ~rent of defwh in fhe payrnent.of any insullmcnt dw hKeunde~ ths wtwN of said indebtedoesi sh+tl tl+ere-
i ~pon at th~ option of th~ hokler, become imrnediatdy dw and ~WYabk, and if. this note bccom~s in def~vlt ~nd h pl~ced ie tFr h~nds
i of an ~norney fw colkction, to psy re+son+bk ~norney's fe~s ~nd all oth~r cons 'for rn~kiig sucb col~ec~ia?-
! i tinr wlMout • t
This note may bs prepsid in whol~ or in part ~f arry P~~- ~
~ - _S~___~ as Cr~_~ cs~?u ~
; I - _ _ .~____.^cs~,?u.
~ ~ S/ Carolyn Cruso '
~ ~ ~ - ~
(This nols is secued by • mortp~ye of even date exeMed by the mskers in favor of Ganmuniry Feder+~ Sav~ngi ~nd ~o+^ ks^- of Riviet~ BeKh)
~ and shall promptly perform, mmply with, and abide by each and every the stipulations, agreements, conditions, and i
covenants of said promissory note and of this deed, then the estate hereby createci shall cease and be null and void. i
i
AND the Morigagor does hereby covenant and agree:
1. To wr s~+~ ~M pinc:p~l ~nd interest ~nd mMr ~wm of enontY WY+~ ~ rirtw of ssid prom~swry noN s~d thn mortg~q~, a titl~, paePfb
on tM d+Ys rtspect~veN. tlw saine sw~rallr can~ de». ~
Z. To W7r all and s~nqul~r ~Ae ?a,es. ~sses+mems, lev~cs. lab~l~~~es, obl.ganons and ~nc~mbancea o~ rverY n+rwe on saw oescnbed property exh and every
,,.hen dve u+d wr+~le xcad~~q ~o law, beiwe ehey become del~rpven~, and ~f ~he same shall no~ be prwnp~ly paid N~e Mwr9+9ee i*+v a~ any ~~me ei~Aer before
cr •(~e. de4npuencr o+Y sune w~rhou~ w~~v~n9 w affccr~nq tAe opt~oe+ fo faec~ou, a anY nqht hereunder, ~nd e~err paYmenr so madt shall beu w+terqt from
~ ~'+e da+e tbe.eof af rhe ra~e pov~ded sa~d pom.ssay oo~e. . }
f- . ,
isi 3. To keep the buitdings and all eqvipmem and pcrsonal propsrty now or Mereeftcr on ssid pemises, covertd by this mortqaqe, msvred in s svm ~t least ~
~ eqwl to rhe unw~d balsnce oi this mortysge, ~ncludiny fire, flood, e~tended coversge, vsndalism, mal~ciovs mixh~ef, and ~ny otFm coveraqe required by the
~ mort9agce, as to properties othcr than dwe~lin~, and fire, flood, e}tended cwersge, spetia4fotm other-perils ~nwrance, and a~y other cove~aqe reqvired by
rhe mwtysqee, on dwellirgs eligible fu s~ch broadened cover~ge - provided. howeva, thst such ins~rsnce be in an amou~t suff~c~eM to comD~Y w+th any co-
~ ins~ranc~ req~'uements covering ssme under the laws of fhe S+atc of Flwids, and Wov~ded further thar the poticy or po~ic~es shall be wrirren m a co~++pany w
companies aod tMarqh an sqency satisfxtwy to tAe Mwtgagee and that said policy o~ Pe~kies shall be held by ~he Mo+tqapee +ed shall besr a stsndard Nsw
York Mwlgsgee Ctsuse witAout conrrib~t:on, makinq the losi ~nder sa~d policies parable to the Mwtqaqee as in ineerest may appesr; and in the event any sum '
of money becomes PaYsble ~nde~ any such policy or polic~es, the Nbrtg~gee shall have the optio~ ro receive a~d apply the ssme w+ xcount of tl+e indeb~edResf !
he~cby secured, u to permit the Mottqayor to reteive and uu if, u sny oan thereof, fa orher pvrposes, wirhout rhertby w~iving or ~mpa~rinq ~ny equitY, lien, ~s
w right ~nder and by vi~t~s of this mwtgaye; and in the event tl~e Mortgapw does not comply w~th this covenant, the Mat9agee may place snd psY fo~ ~such ~y'~
~nswsnce, w any pa~t thereof, without waivin9 w affecting rhe option to fueclose, a any riqht ixreunder, and the full amount of cach ar+d eve~y such psym~nt ~ ~
shall be immedistdy due and paY+ble, s~d shall bear inte~est (rom the date thereof vntil p~id at the rate povided in ss~d nore snd toge~her wirh such intertst ~
3 sha11 ba flCVfld bY fI1! LM of th~s mo+tgsqe• Inswance covering the perit oi flood damsge sh+~~ be as required by the Federsl Dissster ProtecGon Act of 197~, ~ g
~ w as ame~ded. and mwtqagor covensnts +nd agrees ro comply in all reapects w~rh the p~ovisions +hereo/. ~
- ` . ' "0
4. That mwtg~gee may, at any t~me dur~nq the mort9+4e term, snd in its dixretion, ~ppM fw renewal of mortysge qwrsnty inswar.ce covainq the 3~
mortgsge e¦ecured by the ~rtdtrsigned o.+ even date herewith, pay the pem~ums d~re bY reawn thereof, and req~ire repsyr~ent by th~ ~nders~yned of svth ~
amernts as are ad+anced by sa~d mongagee. In the event o( ~s~lure by the undersiyned to repay ssid amo~e?s ~o said mwf9+9K• such f~ilwe shall be car
~+dered a defsult, and atl p~ov:sians of rhe nore and mor~gaye with regsrd to defwlt shall be applicabk.
~ •
S. To perm~t, conrn~t a avffa no wnN, imp~irwwnt. a d~taiania~ of uid prowrt~r. a apY wn iMr~o1, and uvon ~M fail~i~ of tM rwertq~por to k~ep fM
b~ild~nys cn a~~6 a~~rty in pood eond~rion Of rp~il. NM MO~tq~qN nMy dfwrnd t1N ia~nNdi~N rlp~ir oI taid b~ildinqf, a ~n intt~~s~ in th• amd~M of yeturiry, w
ih• :~,.,ed e~• rtD~V~'e~.f cf rF.• debt l+er~bY aKw~d Md 11r 1ail~t~ 01 tlr Mortp~ya to tanPN wilh s~id d«nind oF tM Mwtpa~e fw a C+~ od ~r ~r,
~ ,r Tufq+v~, and. ~t rM op~ion of th~ Mort9~vN, im~d~~uh ~tw~ ~M entin ~ina~+t of wir+u 1 s~d -~e e,~ z , ~
~
~ey.~~~~=~ ~
~ . •
. ~l1 s~c
~''~'r._^ x"`a" r ~ =+%i+ ' - _