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Home My WebLink About2579 . TO HAVE AND TO HOLD the same, together with the tenements, hereditaments and appurtenances, unro the Mortgagee, in fee simple. - AND the Mortgagor does hereby oovenant with the Mortgagee that ha 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 1he Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is f~ee from all incumbrances; that he will make such fuhher assurances to p~otect the fee simple title to said land in the Mortgagee 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, AIWAYS, that if the Mongagor shall pay unto the Mortgagee the ce~tain p~omissory note of which the following in words and figures is s true copy, to-wit: ( COMMUNITY FEDERAI SAVINGS AND LOAN ASSOCIATION OF RIVIERA 6EACH I I ` ~IIT#~M~P ~D#8 ~ io74. a~wEw? e~?u+, ftORIDA June 12 , ~ b~inp indebted. fa vd~s receiwd, tFr unders~yn~d 'pintly and sever~lly promise Io pay ro CoH?nnuNin ~oew?~ Si?v~roGS ~tro ~ tOAN ASSOCIATION Of RIVIERA BEACH at its offia~ in the Gity of R'wiera 6e+ch, Flo~ida, a order, +n~ ,w~+ o~ ONE HUNDRED ~ TWENTY THOUSAND AND NO/I00---------------'-'-""--- ~S t~120, 000. 00 ) i royethe~ wi~h interest tlwreon ~s hereinaf~er stated in monthly instalk~rMS of One Thousand Seventy-Nine and ~ 69/100-------~~ ~ 1. 079. 69 The fint inst~llmem sMll be dw ~nd p+y+ble ~ tenth i d~y of Jul~ 19 74 and i~bsequent installments sMll be dve and payabk oe the tenth ~ d~y of each and every c~kndar month there~her ~rntil tl+~ pri~cipal and interest ~re fully paid. . j l~rger sums rreay be p+~d at any time, but the p+yment of any such larger sums in addition to th~ paYme^ts he~ein req~ired shall ' not relieve the maken of the paymem of the mon+hty installma+ts here~n provided fo., unkss it is specificaily stipulated by the m+k~n ~t the ' rime of paymcnt that such lar9er sums are to be +pp~~ed to the advance payment of the rtwmhly instaNmenq next maturiry in 1F+t order d j ~he~r due dates. All payments made upon th~s note shatl be spplied fint to the p+ymtnt of ~caued ~nterest snd secondly vpon th~ Princ~P+l. Thn obligstion sMll bear interest from date at the nt~ oi Nine pK uM ( 9. 00 ~ per ~nnum until tl+e principsl snd interest ar~ fu{ly paid. ~ Interest for e+ch cskndar month shall be accrved on the fint day of siid month ~nd be computed on the unP+id b~lana of princ~p+l i and imerest existiny on the last dsy of the prcceding month. This note slull be considered in default when a~y p+yment reqywed to be ~ made htreundtr shall not h~ve bten m+de within thirty days iolbwing its dve dat~ snd sFull r~msin in def~vlt until s~id p~ymsm sh+11 z Mve been made. While in defauU, th~s note sMll be+r interest ~t Me raa of 10'X. per +ru+um in lisv of tM rate FKr~inb~fore specifi~d- } ; A!1 maken and endorsen now a hereafter becom~ng puties herero joimly ~nd sevcr~tly waive derund, notice of non-paYmem +nd ~ protast, and ~qree that i~ the evcnt of defautt in the payment of ~ny installment due hereunder the whole of ssid indebtedneu :lull there- ~ upon at the option of the holder, become imrnediately dve and pay~bk, a~d if this note becomes in defavlt ~nd is placed in the 1++nds ~ of sn anorney fw wllection, ro pay reuonabte attwney's fees and all o~hsr costs fo~ rrukiny such colkction. I This note may be prepaid in whole or in psrt at sn~ t~me wiilwu~ pen+hy- ; ~ _ ___~erry ~oswe 11, Jr . ____`__ts~?u ' PERRY B~SWELL, JR. ~ ~ ----------__----------------cs~,w. ~ I _.~L-__~m.~ls~t R. Bosw ~]~---------~---__~.cs~?u ~ 4 PAMELA R. BOSWELL i -------~sEnu ~ {(This note b aeevred by • mortyage of even date executed by ~he m~kers in iavor of Comm~mity Fedsrsl Savingi and loan Assn. of Riviera Beach) f and shalt promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void. AND the Mor~gagor dces hereby covenant and agree: ~ To w1l all and siny~~l+r rhe pincipal u~d intMest ~nd othar swro of money paraWe by v~rnx o( said p~om~ssory nae snd this mwty~y~, a eitlxr, promptH on tM d~ys r~sWAiveN, tAt s~me s~vtnly ton» due. l io pay all and sinqula~ ~he ~sacs. ~ssess~ne~ts, tev~es. /~ab.l~~~es, obl~gat~wx and ~ncumMances o1 rvery na~ure on u~o ocxnbed p~optrry exA and e.erY t when d~.e ar.d paraDle ucdd~ng ~o law. be(ore rher become dc~,.w~+enr. and ~1 ~Ae same s~all ~o~ be prompffy pa:d the Monga9ee n+ar at sny ~~me e~~Aer belwe . alte~ 6tLM.~utMY o+Y ~he same w~d,ou~ wa~v~eq e• ~ffecbny tAe oo~~on to fwedose. w mv nght herevnder. snd e~erv pavmenf so made shal~ bear ~nttrest (rom ~i~ ~~e da~e ~her~f a~ ~he ra~e wo~~ded ~n sa~d prom~ssay .rote s`~-_' 3. io keep the b~ild~ngs and al~ eqo~pment and penonat Droperty now a hereafter on sa~d pemiies, covered by rh~s mortgaqe, insu~ed in ~ wm at least ; equal to the wtpa~d balu+ce of thfa mongsge, including flre, ftood, e¦tended coverage, vandatlim, msGc~ous misch~ef, and anv o+her coveroge requ~red by the ~ mortgagee, as to properties other than dwellings, and fire, Ilood, e,~tended covcrage, spcNal•form other-perlls ~nsurance, snd any other covera9e req~ired by ~ the mortyagce, on dwefl7ngs eGgibte for such broadened coverage - provided, Faweve+, tbat such in~ursnce be ~n an amouot suf(~c~em ro comp~Y w~th any co- ~ ~nsurance requirements cover~ng same vnda the laws of the Stare of F{wids, and prov:ded furthe~ that Ihe po~~cr or poliues shall be wr~rTen ~n a company w ~ companies and thrwgh ao ageecY sat~sfxtay to the Mwt9agee and that said policy w po~~cits shall be F.eld by fhe Mortga9ee and shall bear a sundard New ~C , York Mortgsgee Cla~s! without coniribution, making Me loss under sa~d policies payable to rhe Mortgagee as ~rs lnteres+ may appear, and in the event any swn ~ of money becon+es paYable u~der sny such policy w pol~c~es, ~he Mortgagee shsll heve the opt~on ec+ rece~ve and apply the ssme en xcount of the indebtednets 7~ ~ hereby secured, w to permit the Mortyagor to receive and ~x ~t, w snY part thereof, iw other pv~poses, w~rho~,t rtxreby wa~v~ny or ~mpa~n~g any cquity, lien, N ~ or right ~ndtr and by vhtue of th~s mortgaqe; and in tbe event the Mutgaqor does not comply w~th th~s covenam, rhe Morrqagee may v~+~e and pay (w s~ch ~ ~ ~nwr~nce, w anY par? thereof, wirhovt wai~~n9 a affecting rhe opt~on to fOfK~01l~ or sny riqht hereunder, a~d the f~ll amau~t oi eacA and evcry svcA psyment ry~ shall be immedistely doe and psvable, snd sball bear ~nrsrest From the date tl+ereof ~ntil pa;d at ~he rore prov~ded ~n sa~d note and rogether w~th s~ch ~nterest shat~ be sec~red by the lien of thls morrga9e. Inswance cover~ng the peril of flood damage shslf be as requhed by tl,e Fede~at D~sas+er Protect~on Act of 1973, q ~ w as amended, and morfgagor covenanfs and a9rees to cemp~y io alI respects wirh the provis~ons thereo~. c" ~ . ~ 4. ihat mortgagee may, ar any ime d~rin9 Ihe mortga9e term, and in its discretion, ~pply for renewal of mutgsge gvaanty msunnce cwerinq ihe ~ ~ ~.+o~tga9e eRecuted by the undervgncd on even date herewi~h, pay rhe prtmiums d~e by reasw~ thereof, and reqv~re repsyment by the ~~dersiyned of s~rch ~ amo~nts as a.e advar.ced by sa~d mo~rgagee. In +he eve~t of fa~lure by fhe unders~gned to repay sa~d amovnts to said mwtgaqee, s~rch failwe aball be con• ~ ~ s~dercd e de~a~lt, and all provis~ons of ehe coee and mortgage w~th regsrd to defa~lt shall be appGUbte. • ~ S. To ve~n+i+, canrn~t w s~ffp no w~n~, imp~irm~nf a d~».ior~t~on d said o~awM, a~^Y wrt d~erwf. ~nd won *M failw~ 01 +M mortyp~x to keep tM bv~ld~nqi o~ i~:d o.ew~•ty ~n pood cond~tion of repair. tM Maty~pN ~r dem~nd tM inwn~di~N repair of sa~d boild~nqs, a~n incren~ ~n +n• •mounf of ~ecvr:ry, a ,-,•e~~•+• ~e::.~^~e^> c{ +h• debt htr~bY sKVr~d and tM fail~rr~ 0/ tM Mwlpapw lo to~nPh with t~id de~nd of rM Morty~yee a q+ ~r 3:~ , „orrqaq~. ~nd, a rM ev~ron oi Nw MwfyapN. ~mm~d:Ndy m~tw~ tM entin sina~+t of winc: ! end e-e: • ' r ~ . . ~ ~ w-_ . . _ ~ . . - ~