HomeMy WebLinkAbout1610 TO HAVE AND TO HOID the same, together with the te~ements, hereditaments and app~rtenances, unro the
Mortgagete, in fee simple.
ANO the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful right to convey said land in fee simple as aforesaid; that it shall be lawiul for the
Mortgagee at all times peaceably and quietly to enter upon, hold, occ~py and enjoy said land; that said la~d is free
from all incumbsantes; that he will make such further assurances to protect the fee simple title to said land in the
Mortgagea as may reasonably be ~equired; that he does hereby fully warront the title to said land and will defend fhe
same agai~st the lawful c:aims of all persons whomsoevei.
PROVIDED, ALWAYS, that if the Mongagor shall pay unto tAe Mortgagee the certain promiswry note of which the
fo!lowir~ in wosds ar~d fig~res is a tr~~ cc~y, ~e-wit:
. COMMUNITY FE~ERAI SAVINGS AND LOAN ASSOCtAT10N OF RIVIERA BEACH
- ~Dr#~~~P ~D#p ~ _ • : _
?
, , ~ RIVIERA oEACH, FIORIDA AL1CJ11St 16, w73.
Eetnp indebted. for v~lue rece~ved. th~ undersgned jantly and severally pror+dze to pay to COMlV(UNITY iEOERAI SAVINGS ~
IOAN ASSOGUITION OF R11f1ERA BEACH ~ti otf~oe in tl+e Gb of Riviera ee~ch, Flw~da, w ader, th~ wm dt FIFTEEN
THOUSAND AND NO/100----------------------~------------~~cs15,000.00 )
rope~he~ wi~h interest thtreon~ as he?ein~f~er s~~ted in monthl~fiitdlments of One Auu~dred Forty' and 77/10'0----
. . _ .
~S K~ 140. 77 ~ ~t.i~~t ~++o ~~d~,. ~ wr.~ r~ tenth
. d+r or . September~ w.73 s~-svbsequent instdlmsms sh~fl be dve and_paYabk tent~r
day of each ~++d every ukndw month theresher until th~ pinc~p~l and interest an fvlly pii~ • •
~ ~ ~ LKger sums msy be psid it aoy time, bui the payment of any svch luge? sums ie~ addition ro tM paymeats here~n required shall
nor reli~ve the m~k~rs of t~s palymem of the momhly insratlments herein provided fw, unku it is specNiully st~pulated by ~he m+lc~re ~t the
psyment ~Mt such lugc~ ~sums sre to be applied to the advance payment of _the moPfhly irotallmtnts nexf maturircg in th~ wde~ of
' ~:me of
~heu due d+us. n11 payme~n m~de upon ~h~s note sh~ll be spplied fint ro the paye~lent of iccrued interest ~nd secondly vpon the pr ~
ihis cW~g~r'wn sh.11 beu intcresf from dafe sr rhe r~te of S@V@II & seven-tenths P~ 7. 7~ r'x)
pe. annurn unNl the principsl snd intaest ue fdly paid. -
Interest fw esch cakndu month'shsll be srwed a+' tl+e f'uss dsy of said montfi ~nd be computed on the vnp+id balance of priridp+t
anc imcrest c:~sting on the lut d~y of the p+eced~ng month. This note sMll be conside.ed in defavlt when any p~ymeM requ'ued ~o be
m~ ht~e~nder sMll rat h~ve been m~de within thirty days tolbwinp iri due d~te and sh~ll remain ir1 def~ult until said pyment sMfl
have been iriade. V111~ik in'defauU,'th:s notc shall be~r interest at the rste of 10% per aMum'in ~iev of tl+t rate htreir~befwe specifi~d.
I " AU maken and endorsen now w heresfu. becoming puiies he+etu iamly ~++d uverslly waive dcn~nd, not~ce of ~aymem and
~ P.oresr,- and aQnr tM1 in the evcnt of def~uN in the paymMt of ~ny installment dve hereundtr -the whole of sa;d indcbtedneu sAa'1 tMre-
' upon at th~ pption of -the holder, becon+e imnxdiately due. +nd p~yabk, r+d if this note becoenes in defautr and is placcd in tlr h~~ds
of ~n anorney for colkuion, fo p~y reasonabk attwney's fees and all o~her costs tor making such cdkction. _ ~
Tha nwe.may be p?epaid in whok or in part ~t any rime withovt -pc.why. -
. _ ~ _SJ_ _Josep~_ Senatore <sEwu
i • _ JOSEPH SENATORF
~ - . . - _~~__~~(s~?U
~ ~ ~ _Marie E . S~nator~_____.._.__:_____:~i?q
. ~ MARI E .--3`ENAfi~RE~ . . .
~ . - ~s~w
~(ihis note is seaaed by • mortga9e of even dne execwsd by the m~ker~ ~n frwr of Camwnity Ftder~l Savingi ~nd L"o~n Assn. of Riviera Besch)
and shall promptly perfo~m, compty with, and abide by Pach and every the stipulations, agreements, conditions, and
covenants of said promissory note and of this deed, then the esiate here5y created shall cease and be null and void.
AND the Mortgagor does hereby covenant and agree:
i_ To pa~r all ~ed s~nq~rlar tFr prindpd ~nd inre~est and other s~wns o( money paYable by v.rtue o/ said po.n~ssory ~ote snd this mortg~qe, a either, prompHy
on tM d~rs resvK~rve1Y, dr sMr+e s~vwallr cawr jue_
2 to wr all and s~nqulu ~1+e ta.e~, asses:~+enn. ~~ea. Iub.l~r~ef, obl~ga~.ons and ~ncumb~ancc~ of .very nar~re on sa.o oeur.ped popcrr~ ex~ and ererr
, w/:en d.:e and p+raDle ~ccoed.nq ro - law. be' _re eAer be~ome del~.p;,e.~r. and .f rhe ume sFall nW be p.oerprlr oa~d rAe Morrgiqee mar a~ any ~~me e~~he. belwt
~ ~ at«. del~.quencr w? rAe s.me w~rhour wa~v~nq a ai(econq N,e op:~on ro (aeclose. a~nr aqAt ~e.e..++der, and c.err wv~^enr so msde sAall bes. .me•es~ from
.he da~e +her!o/ ar rne r~re po..ded .n sa~d p.om,»o~r ~o~e
~ To ke~p ~he b.iild~nqs ~nd ~II eQV~pnent ~nd personal poper~y now a Mereslter on ssid Rrem:xs, cov_red by iMs a+crtg~q~, inswed :n s swn N ksst
~ ~ co~ral ~o Me unps~d ba4nce of Mis morr~9e. :nchw~nq f:r~. tate+~dcd coveragt H+d vand~i.sm and mat:c..xn .nsu.ance as ro popert~ea other th~n dwr~lfin9a. ~nd
tire. e¦~ended cov~raye and svec~sl (wm orher Ferik irowanc~ on dwetl:ngs eligble fa such brosdened cover_ ~e - prov:ded, however. rhat wch 3:sswanc~ D~ in
.,v~ imax~t s~if:ciam ro caro~y w~th any co-inswanc~ rpv~~emenb Soverinq same ~w+de~ ~hs laws d th~ ,is» of Fbrida, and povided fwrher rhs~ the policy a pol:c:es
t~ sh~ll be vrrnten :n • comp+~y o~ coTpan:es and Mvayh ~n ~qencY ufslxrorjr fo Me Morr9spee aid 1!W sa~d poGcp w policies sA~ll M held by tM 1Mortysyee
- ~nd sh~ll bear • s~~lxd New Yat Mortpaye~ Clwn~ witha» contribvt:on. ~na4vg tfie bss under said pol~cies p+Y+~ b t1~e Morty~q.~ ~s its imerest ms~ ppex:
~ and in tM event ~nr swn o/ nwney becanes psp~bM ~w~der «ry wch pol.cy w po'~c~~s. rhe Mwtq~qee shafl Mve the cvuon to recei.r~ ~nd apply th~ s~ on
` xcawN oi M~e ind~btedness her~by secwd. w ro permit IM Mwfy~por fo receire and v~se .t. or arry part ?iwtd, tw other p~wpoua, wiMo~t Nweb~r wsivirq ~
~~r1 a~^o+~~~ +~Y ~~Y, lien, a rigM ~ler and M v"atw of thia mo~tp+9r, snd ~n tlro event ~Ae Mor~qagor doe! .odt conwFY w~+h ~h~s coven~n?. th~ Mort~ge~ ~
m~y Ptx~ ~nd pay for wd~ :~svance, or a/rp psif the~eof, w:Nwut wa~.rin~ a aff~cric~ tM option w/orecbu. w~n7r risht Aere~nder ~nd the fvll amo~wa o1 ea1~
..~i and eYw~ sud~ payemn~ sAsll b~ :m~daMp d~ ~nd paraW~ ard shall ber inurest (roen ~he dafe tMereo( ~n~:l paid at ~he rate pov:ded in said rwN ~nd toge~her
~ w:A s~cA inMest swrll b~ aecww bY ~M 4aw d das rawtq~q~. 4
s' ~
CY
~ 4. Ttwf ~sr~~. ~oy, d oq IiN dvriwy 11» ww/yop~ Nrw, owd in iH discretion, opplr !o~ ~~nAd o1 ~orqay~ yuorowfy wnwewt~ cew?i~y 11» ~
J"~ ~a~crf~d /A~ owd~ri e~d ow ~~ew dote herrwith, tAe ew~ivwn dw r~osow tMreo(, owd r v~n re ~wnl d» ~nd~ 01
~~p~ ~ ~Y P~ W b1 M Vol~ d1 ~+'Y'~
~rch oweveb as o~e od~owced bp so:d worqop~t. Iw rIK e•ent o! fo:lv.e br ~be undersipn~d M r~poy soid o~ovnh ro wid iw+t0o~~, arch foil~r~ ~Aop
b~ cowsid~r~d o d~FovN, oed dl pro~is:ows oi N.e wot~ owd wwe9op~ ~~tA reqe.d ro d~fovlt ~IwM b~ oppl:coW~. y~ -
ae
Oc0
S. To peirnit, conrn~t a WFIM /q w~aN, iep~irs,~nt er deNra~~t:o~ of uid D~oo«rr. a? anY p+'~ thereof, and vpon Nw. f~ilw~ d tM m«t9aqw ~o keep IM
build:egs on asid pop~rty i~ pood tond~nan of rep~ir, tM Mortq~qe~ rn~y dwn~nd tM ~~mned~at~ repa~r ot se '•~~Id~.+qs, w~n increase in M~.an~ounf of ~ecuriryr, a
_ tM :+rvn~d:±N r~wtn~•N o1 N.~ deb~ I~ereM ~~~d Md tM 1~il~w~ of Mr Mw~y~qw a caroh w~tA si rrnd d Nr Mwtp~qa~ fw • DM~od of tt++ny (30)
.~Mrs. ~MII can+~rw~ • bteach d th:s nwngr4 ~d. H tlw ap~ion oi IM Morfy~pee. ~n.med~~elr mNur. ..w ~nt:n wno~w~t of a~r.c~pal ~nd ~ne~.e~+ herabr
se:"~;.ed, an~ ~?,_e~l~aee'r a~d w~tAou1 ratie~. .wtq~yN rn~7r ins1~NN pae~edinys b taeclos~ th~s martypa ~nd aVp~f ~w M• iDPo~^•.'••r ~ K•-• ~,e~. e~
- e . - _ . ~
_
- - . - =~e..o`~.
~ _ -