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Home My WebLink About0213 ~ , TO HAVE AND TO HOLO the :ame, together with the teneme~ts, he~editame~ts and appurtenances, vr~ro the Mo~tgegee, in fee simple. AND the Mortgagor does he~eby oovenant with the Mohgagee that he is indefeasibly seizad of said land in fee simple, that he has full power and lawful ri~ht to oonvey said (and in fee simple as aforesaid; that it shall be lawful for the Mortgagee at all times peaceably and quietly to enter upon, hold, occupy anc! enjoy ssid land; that said land is free from ali incumbrances; that he will make such funher assurances to protect the fee simple titie to said land in the Mwtgagee as may reasonabiy be required; that he does he~eby fuliy wa~rant the title to said land and will defend the :sr.~e aaairut the lawful claims of all persons whomsoever. PttOVIOED, ALWAYS, that if the Mo~tgagor shall pay unto the Mortgagee the ce~tain promissory note of which the following in wo~ds and figures is a true copy, to-wit: GOMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION Of RIVIERA dEACN f ~Dx#~M~P ~D#P RIVIERA BEACH, fIORIDA J~Y 24 19 ?4 i - ~ Mir?y indebt~d. fa v~lw receiwd, fh~ w~deniqn~d iointly aod sever~~ly promist b pay 1o COMN?UN~/~_I~QFR~?13l?VINGS AND i IOAN ASSOCIATION OF RIVIERA 6EACN ~t ia offics in tfie Gty of Rivier~ Bexh, Fla~da, or ord~r, fM twn d ~1 N'j!;!V'1 Y ~ TH~USr~~iD EIGHT HUNIIRED A1tiD 1R:0 ~-?UI~II?REDTHS---------co~s ~s20= R00. 00 ~ ~ ro~th~ w~+h ~Kns~ ~ti?eo~ as ~+e«~++f~K su~ed ~n ~~h~y ~s~+~~~s o~ ONE HUNDRED. NINETY az~d 51 / 100 I--------------- ootWts (f 190. 51- n+e t~n t instd~ment shall b~ du~ and pay~ble on th~ l Oth I d,y ,r SEPTEMBER 19 74 .~a :~,.iu~n ~?.n b. dw .~,a P.Y.w. o~ ,n. l Oth ~ d~y of each ~nd every aMndK momh ~here~fta vntil the princ~pd +nd intenst an fvlly p~id. ~ L~rper tums may b~ p~id at sny tims, but the p+yment of any such larger sums in add~tion ro th~ payments herein ?eqvired shall not rsli~ve tM matc~n of th~ payrrKnt of tFa monthly iest~tlmenn herein provided fa, unku it a specifiully st~pulated by t1~e m+brs ~t th~ , ~ t~ms of p~yrnem that such luyer s~ms ~re to be +pplied to the advance psymcnt of the monthly irotallmsnts rnxt rrNturirg in th~ order d ~ the'v dve dstes. All p~yments made vp~ th~s note sMll be ~pplied first ro the p+ymMt of ~ctruad interesl and secondly upo~ th~ DrinciW~- ~ Th~s oblpation shaU bear intercst from date at the at~ of nine and one fourth pp pnt ( 9. 25 per ~nnum w+rif tl+~ prindp+l .nd inrerett art fvlly p~id. ~ Interest fw e~ch ukndar mor+th shill be scaued on tF~e first d~y of said moMh ~nd be computed on tM vnpaid balanu of princtp+l ~ u~d interest existiny on the last ttay of the precedir.g mor.th. ihis note shall b~ cons~dered in default when any p~ymeM nqv~rtd ro b~ I mad~ hereunder shall not hsve been made with~o thirty days folbwing iK due da,! and shsll r~main in defauh until s~id paymem sMN ` hsve been made. Whik ia default, th~s note shall be+r imerest at th~ rate of 10X p~r annum in lie~ of the r~t~ h~r~i~fore specifi~d. j Atl maken and endorsen raw or hereaher becom~np p~rtiet he?eto jointly and sever+lly waive der~and, notice of non-p~yment +nd ~ protest, and sqret that in the event of default in the payment of any irutallment due herevndsr the whok of said indebtedotu slull there- upon ar the option of th~ holder, become immsdiately due and p+Yabk, u~d if thia note bceomes in defsvlt and is plsced in ti+e h+nds ~ of an s~torney for colkaion, to p~y reuonabk mwr?ey's fe~s a~d all other cosn for maki~g sucl~ colkdion. ! This nole may be prspsid in whok or in paA ~t snr Yune withwt penslty. t - s / Donald VIT. McKibbin ~ ~ ~ s/ Audrey VIT. McKibbin _~_,~U ! - - i --_----------.(SEI?u ~ (Tha note 's secvred by • mortyaye of even date execvted b~r ~he maker~ ~n faw: of Community Fed~rsl S~vu~g"s ~nd lwn Assn. of Rivier~ lead~) ~ 9 - ~ - . ~ and shalt promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and - covenants of said promissory rwte 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: ~ 1. Jo wr •h tM wincip~l ~nd interesl ud otMr sums of monsY WY+~ b1~ virtue oF s~id promissory noN and this mortyp~, a~itM~, prompt~y on tM dhrs nsa~c+~veh. Me samr s~rar.llp coa+~ dut. ~ ~ 2. io paY all ~nd sinq~lsr ~he ~san. nsessmenn, lev~es. I~aD~l~nes. oblqat~ons ~nd ~ncun+Orancea o1 ~vny narwe o~ sa~a oescnbed properey exh and every { ~ when due ~nd wY+~le xcwd~nq ~0 4w, be/ore eAey become del~nq~en~. snd if the same shall no~ be pomprly paid the Mortq~gee maY sr sny hme ei~l+er Defae c, alee, debnauencr wv rAe ss.+~e w~d,o~t w~~v~nq a a(fecunq ~Ae opbon a f«edose. w anr r~qM Aereo~+der, snd eve~r wY~^~^t so made shall bear ~nterest (rom sn e ~ fhe dare ehereof st rhe rate po.ided ~n sa~d Wom~ssory ~+ote . . 3. To keep the bvildinys and sll equipment and personal prapaty now a I~ereafrer on aaid prem~ses, cove~ed by th~s mortgage. ~ns~red in a s~m et {~~st equat to the onpaid balance of this mortgage, incl~ding Gre, flood, e¦tended coverage, vandalism, mal+uous miub~ef, snd any other cove~a9e requ~red by the 'N;~ mortyagee, as to properties othe~ than dwcllings, ~nd fire, flaod, e~tended coveraye, special-form other-perits ~nsvrance, and anY otbr coverage req~ired by - the mwtgagee, on dwellinqs eli9ible fw s~ch broadened cwersqe - provided, however, ihat sach inwrance bc in an arnwnt svffrc~ent to complY w;fh ~ny co- AQ ~ insursnce reqviremmh covering sam~ under the laws of she Staro of Plorida, snd provided further thst the poGcy w poGues shsll be wnnen m a con+psny or ~!D companies and thto~gh an agency sat~sfactory to tF~e Mort9aqee and that ssid policy or policies shall ?x held ,by the Mortgagee and shsll bear a stsndard Nsw ~ Yuk Mortgsqee Clause without contrib~tion, making t1x ~oss undrr said policiq payable ro the Mwtyaqee as ~n interest may sppear; ~nd in ~he event any sum ~ of money becomea psyable unde~ any such policy w po~~c~es, tF~e M«tyaqee shall have the option ro rece~ve snd appty the same o~ xcount of the indebudnes~ hereby secured, d to permit ths Mwtpsgw to receive snd ~u ~t, or sny parf ihereof, fw orher purposes, w~thouf ~hereby ws~v~ng~ or %mps~rmg any equ~ty, lien, w right under snd by vdrt~e of this mortgsge; and in the evcnt the Nbrtga9or does not comply with this covenanr, the Mortgagee may plxe snd pay for svch ~nsvrance, w sny pa~t thereof, without waiviny w affectinq rhe optio~ to fwecloie, w sny righr herevnder, and the full smou~t of eacA and every s~ch paymer+t ~ shsll be immedisfely d~x and payable, and shall bear interest from the daee thercof until paid at the rate Wovlded fn ssid nore snd togerher w~th wch ~ntereft ~ ~ shsll be securFd by the lien of rh~a morrga9e. Inswance cwerinq the peril of flood damage shall be as rcq~ired by rhe Federsl D~saster Protectio~ Act of 1973, _ ~V, w ss amended, arsd mortgsgor covenants and ag+ees to comply in all resptcts with ~he P~ovisia+s thereof. ~ 'AT-ti ~ `'~x~.'_"z I. Ti~ai mwtgagee may, at any t~me during the mo+rgaqe term, and io its dixretioe, appiY fw renewal of mortysge puaranty insvnnce cove~~n9 the p«1 rtsertqage eaecuted by tFe unders~g~r! on evcn date hcrew~th, Day the premivms doe by reason tF~ereof, snd reqo~n ~epaymeot by the vndersiyned of svch v~~ ~ amounh as are advanced by sa~d morrgagee. In ~he evem oi isilure by the vndersiqned to repay said artwann fo said mw?ga9ee, s~ch f~ilure shall be con- ~ s~dered s defa~lt, and all prons~ons of rhe note and morrgage wirh reg~rd to default shall be applicable. ~ : S. To p~nnil, canm~t a svN~r no w~st~, irnpahm~nt a d~ter~or~tion d said prop~rty, a~rw p+n tMnoi, and won N» failw~ 01 tM +no.tpapw to k~ep iM b~i{dinqs on ~aid prop~rty in qood eond~ean of rp~ir, tM Mwtq~qe~ ~y d~nd ime~d'ut~ rep~ir o~ said bv:ldinqr, w~n :ncie~u in tM ~inaw+t of s~cwity. a t~ eM imm~d:~e~ ~w+tm~n~ of tlw deW her~M a~nxed and N+~ i~ihrr~ of tM JNorty~qw w co.rwiy w~eh s~:d dernw+d d ~M Marp~vee fw • PNiod oi th~~M (30) ~ diy~, ~hal: constiTU}• a bresch oi this mwfy~pe, and. ~t tl» option of tM N1wtq~qN, immsd~~Nly mNw~ fi» ~ntin ~mo~~nt of a~M~w~ s~+d int~r~st her~by ~ ~~<~.ed, ~~3 ~-.~-r~~s~e!y ~r.d w~~Aovl noliu, tM Mwty~pN m~y imfi?uN protMd~nyf 10 ~one~os~ th~s mortpap~ and app~y fw tM ~ppo~ntT.ent e/ a Reca~~er. a~ ~ ~ - , - . ~ - - _ . - - I ° _ ~ ~ . . : . . . ~ - 'i - - Y~ a, -e: r_ ' ~ " =