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Home My WebLink About0223 TO HAVE AND TO HOLD the came, together with the tenements, heredi~aments and appurtenances, unro the Mortgagee, in fee simple. ~ AND the (Nortgagor does he~eby covenant with the Mongagee that he is indefeasibly seized of said land in fee simple, that he has full power and lawful ~i~ht to convey said Isnd in fee simple as aforesaid; that it shall be lawful for the Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free from all incumb~ances; that he will make such further assurances to protect the fee simple title to aaid Isnd in the Mohgagee as may reasonably be required; that he does hereby fully warrant the title to said land a~d will defend the i same against the lawful claims of all persons whomsoeve~. _ ` ~ f PQAVIDED_ ALWAYS. that if the Mo~taaaor shalt oav unto the Morts~agee ihe te~tain promissory note of which ihe - - - - ~ following in words and figures is a true copy, to-wit: : _ i COAAMUNITY FEDERAI. SAVINGS AND LOAN ASSOCIATION O~ RIVIERA dEACH ; ~ ~ ~~r#$a~P ~p#E - ` ` RIVIERA BEACH, ftORIDA Ju1y lq ~ 1974 ~ ~ deieg iodebted. fa vdue ~cceiwd. tM ~ndtngmd jointly snd seve~~lly promis! b pay M COMMUNIiY fEOER/?l SAVINGS AN~ ~ IOAN ASSO~IATION OF RNIERA BEI?CH at its offioe in the Gty of Rivi~ra etach, Fb?ida, a order, ri,..w~ oF FORTY SEVEN THOUSAND 1VINE HUNDRED AND NO HUNDREDTHS-------- oou~?ns 1~ 4?, 900.00 _i ro4e+ha ~rh N?t~~es~ rlwea+ as h~reinaftK s~a?ed ~ mw+~hhr ~r.t~.ms of FOUR HUNDRED EIGHTEEN and ~ 418. 51---- ~ 51 / 100 oawas ts L n+e fwst ua+d~mn+r sh+u bs d~» .~a P.y.a. on e+. l Oth I d~y of AUGUST 19 ?4 .~a ~~+.ii"»~m ,h.n b. dw ~+a r+r•bw o~ l Oth ~ day o1 each and tvery wl~ndu month thcre~fter until tM prinapd and interat ~n fvlly paid. ~ ' Lu~e? sums may be p+id at any time, but the paym~nt of ~ny sucfi largt~ sums in addition ro tlw payma+ts herein requirsd sh~ll { ; not r~lieve the m~k~n of th~ payment of the mon~hly inst~l4~xnts hercin provided for, unkss it is :pecifkally stipul~tad by the m+ksn at 1h~ ~ rime of payment that such IuQer sums sre to be applicd to the sdvance payment of the monthlr irotdlments rnxt matwirg in tht o?der d ~ the'v dut dates. All paymenb msde" upon this note sMll be spplied fint to the paymMt of Kaued interest and setw~d~y upo~~ th~ P?inciiWl. ~ TAis obli~+tion ~hall bear intcrest from daa st the rab of nine and one half pa p~t ( 9. 5 ~ per •nnwn unr~l ~he princ~p~l u+d interest ut fvlly p~id. j Mtercst for e+ch ukndu month shall be ~ccr~red on the fv:t day of sa~d month ~nd be computed on the uopaid b~lance of prins~psl ! and imcrest ex~sting on the lut d~y of the preceding month. This note sh~ll be cons~dercd in default wlkn anY p~yma+t nqu~?sd to be ; made herevnder shall rat h~va been nwdt within thirty days followirg iri due datr and shsll rtm~in in def~uh w~til s~id psyma+t shall ! have been made. Wh~k in default, th~s note shall bear imerest ~t tht rate of 10°X. ptr ~nnum in liev of the rate Mr~inbtfo?e specifi~d. ' All maken and endonen now or heroaher becomirg putiet haero jointly ~nd severally waive denae+d, notice of noe~paYn+~nt and ~ ! protest, and ~yree that i~ the evant of default in the p+yment of ~ny 'unt~llment due herovr+der the wlwle of uid indcbtedness sMll th~ro- upon at the option oi t!K Iwlder, become immediately dw and payabk, and if thi: note beoomes fn def~ult and is pl~ced in tlr Mnds ~ i of an ~nor~ey fw colkction, ro psy reason+b~e attwne~/s fees and all otFwr costs fw makiny svch colkction. - t ~ This note m~y be prtpaid in whok or in part ~t sny time wAlw~t pen~hy_ . . { # i • s/ John M. Heinen, Jr. ~ t - - ; ~ ~ s/ Marcella C. Heinen _.`~~s~?u E ~ c - ~ ~ ; _ . ~ ; ; ~ . - E 4 ~ j(Tfw rate is sccvred by • mo~tpa9e of even date e:ecwed by ?he maken ir+ fawr of Comnwnity Feder~l Saving's ~nd loan Assn. of Rivieta deach) ~ ~ and shall 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 estase her~by creased shalf cease asid be null and va':d. : AND ihe Mor~gagor does hereby covenant and agree: _ 3 } } ~ 1_ Io p+tr all and sinq~A+r ~M pindp~l u~d im~nt and otAw swro of mon~y pa~raWe bp virtue of said panissory rat~ ud this morty~q~, or ~itMr, promptly ~ on tM d~ps r~sputirtl~/, tM s~me s~v~r~lly toar du~. ~ 1 To paY ai! and s~nqula~ tAe t~aes. assessmcnrs. lev~es. I~~b.l~r~es. obl~qat~wn ~nd ~ncwnbra+~ces o} rrdy naru+e on saw oestnDed poperty exh and tvery ~ whcn due ~~d payaAle xcord~nq ro ~aw. Defae ~Aey bcco1ne del~~quem, xd ~f ~Ae sa~ne s1+af1 nof De pronp~ly pa~d tAe Mw?gaqee r.uy a~ any I~rne either befae ~ af~er del~~quencr D+Y ss.ne w~~Ao~~ w~~nnq w alFect~nq rhe opT~on b foreclose. w anY nqAe hne~~der, and everY D+rmen~ se a++de shall bear ~~terest irom ~tie dare ~he~eol at Me rate wov~ded ~n u~d pom~ssay note. _ ~ 3. To keep the buildin9s and sll eq~ipmcnt ar+d personal poperty now u hereafter on ssid premius, covered by this mufyage, ~~sured in a wm ~t ?NSt equat ro the unpaid balar.ce of tAts morigage, mcludinq fire, flood, e:tmded coverage, v~ndalism, mal~dovs mischfef, aed any other cove~aye required by th~ 'i: mortysgee, +s to properties other than dwellings, snd fire, flood, eitmded cwerige, spec~af-form other-perils i~sursnce, ~nd a~y oMe~ coverage ~eq~ired by ~e the mortqagee, on dwelGngs eligible fw svch brosdcned coveraye - prwided, howevcr, that such insurance br ~n an amoum suffic~e~t to comply w~ih any co- insurance reqviremenrs cover~nq same under the laws of the Sute of Florida, and prov~ded fu~ther that the poi~cy w policies sF+all be written in a co~np+ny a~ companies throvgA aa ayency satisfxtuy ro the Nbrtqagee ~nd tMst said policy or polides shall be Eeld by Me Mortgaqee snd shall besr a standard N~w ~ ~ Ywk l1Ao~tgsqee Clavse witFwvt contr~b~t~on, makinq tF~e loss vnder sa~d policies payable to the Mortqaqee as its ~nterest may appear; snd in the event ~nY sum w„' of money becomes payable under sny such policy a poliua, the Mwtgsgee shaH have the option to receive and apply fhe same on xca:nt of tF~e indebtedness F - hereby secured, w to permit rhe Mutgayw to receive and uu ~t, or sny part thereof, fw other pwposes, witAart thereby wair~n9 or ~mpairing any cquity, lien, ~ ~ ~ or riqht ~nder sr+d by v~rtve of this mo~tgsge; and in the eva+t tAe Mortqapw does nor comply w~rh this covcnanr, rhe Ntortgayee may plxe ~nd pay for s~ch ' _ ~nsurance, u any part thereof, w~thovt wa~v~ng w affectinq the oprioe~ to fatclose, w any riqht here~nder, a~d rhe full amount of exii a~d every sucA paymee+t ` ~ shall be imm!diately due sed paysble, and sl~atl bear ~nterest irom the date thereof vntil paid a~ fhe rate provided ~n said nore snd ~ogerher wirh such inre~est ~ ~ shatl be sec~~ed by the lim of this mwtgage. Ins~~ance covcring +he peril of flood damage shall be as reqv~red by rAe Federal D~uster Protectio~ Act of 1973, }~q or as amended, and mwtqayor covenants and agrces to comply in sll respects with the provis~ons thereof. `/r/ ~ ~a: ~t 1. Thar mwtgagee m.ay, at any ume dc,nng the mortg~ye te~m, and in its diuretion, apph fw rcrxwsl o( mort9age gvsrsnty inw~ante coverinq fhe . ~ mortgage e¦ec~ted by tne ur,ders~g~ed on even date her~wirA, pay the prem~ums dve by reason thereof, and rearire ~epaymmt by the uredersiyned of a~ch amounts as a~e ad+anced by sa~d mo.sqagee. In the event of failvre by the ~ndersigned ro repay ssid ~.no~eri to said matgayee, such (~ilwe shafl be con- s~"~''. s~dcred a default, and alI prov~::ons oi the note and mortgage w~th regard fo defavlt shall be applicsbM. ; ~ ? S. To p~nnit, co.nnut o? ~vt/u ea w~~», impa'unrM a deteriontion d uid propNty, or srw o+~t ?h~rwf, snd uoon rM I~ilw~ of tM m«tq~9e? b k~ ~M : ~ b~iW~nys on a~id propKry in pood to~dfion d rp~ir. 1M Morty~qN enhr E~m~nd tM i~rvnediat~ ~epsir o} s~id bvildi~qa. a an irwe~s~ in tM an~a~nt o} ~etu~ity, w th~ imnrd+~t~ rp~ym~nt o~ tM debe hu~br saw~d ~eed dw i~tlun of tM Mwty~yw a eomdr w~M ~aid d~m~nd oi ~M Mwty~yee fa • P~od of Minp (70) ~ d~rs, shall corot~wa a bc~d~ d tAis monqaq~, ud. ~t rlw avr~on o1 tM NbnqapM. irnr.wd~aaly marw~ Nw ~nth~ ~mo~t oi winc~w~ and inNre~~ I+er~b~r ~ecu.ed, snd 'em.~.ei~~t~lr ~nd w~lhw~ notie~, tF» Mary~pN m~r insRNh poc~ed~rWs ro(a~ctos~ M~s nsor~p~p~ a+d applp Iw tM ~ppoin~m~m o/ • RK~ivN. •f ~ Fe~e r~fte~ Dro~~Jed - - . . .<< . i ! _ ,Y _ - I ~ ~ . . . ~ ~ xr~, ~ aW- ~ . _ ~ rr _ ~.~z~ ~