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HomeMy WebLinkAbout0194 : • 1 . , Tp NAVE AND TO HOtD tha same, toge~her with the teneme~ts, hereclitaments and appurtenances, unto tfis _ Mo~tgrgee, in fee simple. AND the Martgagor does hcraby covenant with the Mortgagee that he is iRCiafeasibly seized of said land ln fee simple, that he has full power and lawful ri~ht to oonvey said land in fee simple as aforesaid; that it shall be lawful for the Mortgagee at all times peaceabl~ and quietly to enter upon, hold, oecupy and enjoy said landj tFut said land is froe ' from ell incvmbronces; thst he will make such further assurances to protect the fre simple title to said land in the i Mortgagee as may reasonabiy be requiredj that he does he~eby fully war~ant the title to said land an~ will defend the ~ same against tht lawfui claims of ail persons whomsoever• i i PROVIDED, ALWAYS, that if ths Moitgagor shall psy unto the Mortgagee the ce~tain promissacy note of which the fo!lowing in words and figures is a irue copy, to-wit: ~ COMMUNITY FEDERAL S1~YINGS AND LOAN ASSOCIATION OP RIYIERA OEACN ~ ~ ~ ~Dx~~~~P ~DtB f ~ RIVIERA SEACH, FtORfDJ~UgL1St 19 19~4 f d ~ d~irg indebred. fo~ vah~e received. rh~ w~d~.siQmd jointh snd s~ver~tly prom~w to p+y ro COAAAI1UNIiY FfDERAI SAVING6 AND F ~ tOAN ASSOCIATION OF RIVIERA dE/1CH ~t ib off'w~ in t!~ Gt~? of Riviera Be~ch, Fbrid~, w ordsr, th~ swn of FG~RTY-FNE ~ ! THOUSAND AND NO HUNDREDTHS a 4~, 000. 00 ) i j ~opethn M,;M~ ir?tens~ th~.wn as hereiMtnr si~ted tn ~noetAy katstk+rms d THREE HLTNDRED NINETY-THREE ' AND 1? / 100 ~ 393. l? n,~ f,.,t inn.~l~u sh.n b. a~. +nd wr.a. on the tenth ± d•r ~ September 19 ?4 +~+d :~bswu~nr ~su~u,»m: sh.n b. d~» .na p+r+~• tenth ? day of sach and every ukndM month tAenafter ~x?til tM pr'~ntipal ~nd Interest ~n fu~? p~id. ; L~rgcr sirms en+y be pa~d ~t +ny Ywne, but th~ p+yment of a++y such Isrger sums in ~ddition to th~ p~yments he+ein required sh+lt ` not reli~ve the m~k~n of th~ pay~nc~t of the monthly i~xtatlmenn herein Provided fw, ~nku it is specificattr st~pul+t~d by tM m+k~*s +t ~1~e ~ ~ e;me of p~yment th~t such lar9er swro ue to be +ppGed ro the ~dvance payment of th~ monthly inshltma?tz nt~ct mtluriny in 1M °'d~* o~ ~ the'a due d~trs. /UI payments m~de upon this note shall be ~pp~ied fint ro th~ p~ym~nt of acaued W?tertst +nd seco^d~Y ~Po^ ~M P~'^~' ' This obliQstion shall besr inttrest from dat~ ~t tht raN of nine and five-tenths pa aM ( 9. 5 I per ~nnum until the p~inc~l and interest w f~lly p~id. j Intsrsst for euh c~kndu month sh~ll be acuved on the f'ust day of said ~wnth ~nd be computed on the unp+~d ba~+rKe of princ~psl and in~erest e:atug a+ N+e last dsy of the preading mor?th. ~s oote sh+ll b~ constdered in default when any p+Y~neet requ~ed b be ; madc here~nder shall na have been ~n+d~ within thirty days followiop its duc date and-shall-rem~in in defavlt untql sai{? p+w++tm sh+b ha,re been ~n~de. Whik in def:uh, th:s note sMl1 beu inmest at the r~te of 10% per srv~wn in ~ie~+ of the ~~~e h~s'^bef°'~ sp~°f'~d. ' All m~kers and endorse~s rwvr or hereaher becom~r+g P+~ties her~ro joinrh? and s~vcrsify ws'rve denand, not~ee af ~a*WY~m and i waest, and ~y.ee that i~ ths event of defwh m the paymenr af any insullmeat du~ henu:~der the wlwl~ of said i~dsbadntss sMq thsrs- i i vpon ar tlK option oi th~ holder, becwne ~nwnediately due and payable. +nd if ;his rote becwnes in def+uit u~d is placed in ~he h~nds ~ ~ of sn anor~et? fw oolleuion. 1o P+Y reuonabk morne~/s fees and all other aosn for mskiny suc1~ colketion. ~ 7las ~aM msy bt prepaid i~ wFak o~ in part at sny time wrnhout pen~h~r. . ~ ~ /s / W illiam J. ~-iartnett _~?u ~ ; ~ ~ [s/ Jacqueline B. Hartn~tt .-es~w j ' _ ~ _ (SfJ?U ~ ~ -•--------_._.~._~_(SEAU + ~ t(This note "a secued bI? • mortp+~e of even date acecwed br the makers in fawr ot Conw~wnih~ Fede~al S~vin9i and Losn Aun_ of Riviera Be~d+) T 1 - and shall promptly perform, compfy with, and abide by each and every the stipulations, agreements, torxlitions, and ccvenants of ~ aid promissory note and of this deed, then the esiate hereby created shall cease and be null and void. ~ AND the Morsgagor does hereby covenant and agree: ~ Te wr •n .ee ~i~u~+~ e» w~v+~ +nd ;m.res~ «~a ana~ s.,w~. ot .~on.r v+r+bk M? ~~•~u. oi s.~d wam~.«r oa. ,~a n,n mo.rg.v., ««:~w, o•o~r ~ on dN dsps r~swc~iveh?, rht s~me s~v~rdly coM dut. ~ To O+s all ~nd s~~4r ~he U,n, aasesxx~en~s, lev~es. I.ab:l~~ies. ob1~9+hons ane ~ncumbranea of every narwe m sa~o oescr.Ged Waperh exA snd everyr ~ .~,1,en due a.+9 wraE!e xc«d~r.q ro lawr, be(ac rhey becane de~~~.q~ene. snd ~f d~e sa.~e ~~11 na be wo~+o~H w~d the Mon9+9ee ~nar at ~nr tune eiMer before cr •I~e. de4~a+tixr oar ~he ssme wnhov~ w~~vinq a affccnnq ~Ae oof.on ~o faecbse. or +~r r.qh~ hnevnder. a~d eva+r P+rment w made sMll De~r .~teresr irwn .ne dare ~hereel ~r rAe rare wo..ded .n sa~d wams:or? nds. 3. To keep the bv~id~ngs k+d all eqv~p.nem and ~w~al property ww o+ hereafter on ss~d premises, cove~ed by tf~s ~.wr~9+9e. ~^swed ~n • sv:++ at knt eqwl ta the unW~d b+~ance o( th~s mw:9+9~. ~Ivdinq fire. flood, e¦ttr+ded cover+ge. vsndal~sm, malicio~s misch~ef, and any oflxr :ovr~9e required by the ~ mxt9sgee. ss to popert~es othe• thsn dwellinqs, :nd (~re, flood, e:4ended coverage, special-form other-perils inwrance, xni snY othcr coverage reqvired by rhe mwtpaqee, on owellin9s eliq~bla (a wch broade~ed coveraye - wovided. ?wwerer. `hat s~ ~nsurance be En an s~+ovet wffic~ent to comDh wi~h ~nY co- ~ ;nywance rcq~:remeMS cove~iny sxne ~noer rhe ~+ws of Nro Sr~re of flerida, and provided (wther t~at the wlKV a voiic:es shatl be wr~eren ~n a cea+WnY o~ ce,r,pan;es and N,~o~¢~ sn agenc; sar~sf~awv ro ~~+e Mwtqaqee snA rhaf ssid policy M pO1KiK shalt te h.etd by r1~e Mutqagee ~nd s1+a11 bear s standard New ~ York 1Natgaqee Clause withwt coMr~butwn. makinq Nu bss ~x~der sa:d policies paysWe ro the Martqsgee as ia ~nfe~eft maY sppe~r; +nd in the erent sny awn ~ of morxy bccomes Pavsbte under +~y svch po~icy o~ twl~curs, tne Mut9ayee shstl ha.-e the opt~on ro rece~ve ud apph s++~ ~ xcow++ of rhe indebtednes~ hereby sr_wed, or ro pvm~t the Mwf~qw to rcceive and uu et, w sny Wrt ~hneoi: tw other pv:poses. w~rlw~t .thereby wa~vi~y a~mPairinq sny eqv~h, lie~, or riyht ~nder and bY v~rhu of tf+;s mortqaqe: a~+d i~ tF~e evmt N~e Mwtgsgo~ does not conplp .rirh th~s cwer.ant, the Mwrq~yee maY vlxe snd pay 1ot svcA I~'~ ~nswance, w any oan thereof, wir}w~t w~~•.ing ar si(cc~~rg the opt:on to fwactose. ~r tny riqht l~err.N+der, and ihe f~ll amo+xn of e~ch snd every such Wymen~ V•~ , shall be ~mmed~afely ~e snd paysbte, and ~hsll bsr~ :nfarK~ from rhe da~e thereof until paid at ~1+e rsee ww~ded :n ss~d nore and ~oye~?~er w~th s:xh interest ~ i shall be xcured by N~e licn et th~s ~*wtgaye_ Inswsnce coverirq the peril of flow! dsm~pe shall be as recuired by the Federal O~uster Protection Act of 1073, j o~ ~s sirKnded. and mwiq~w cova+an~s and aqroes to complr in ~II respects r~irh iFr prov~s~an ~hereof. .~j ? i < ~ 1. that mertgsgee .*.str, at a~y t~me dvri~g the mwrqsge trT, snd ~n its disuetia+. - ~ppM for rerew~l of rawtg+9e 9~+ranty i~sw~+ce cw+~riny ths ~ : ..+o.tgs9~ e.ecufed br nc~ unden~yr.ld o.+ even dau herew~~h, P+r the P~em~~ma due bY rsason rF~ereof. ~nd rea+~re rep~yme~~ by the ~,rdersiqned ot svch ~ ar.,o_nrs as are advanced by sa~d mortgaqee. In ~he evr~t of fa~l~re by tAe undersiyned to repsr said ~mo~nh to ss~d mwrqayee. uxh fa~fure shsll b~ con- ~ s~dereC a defavlr, and atl prov~s~ons of :he note and mwtqaqt wrth regard to .iefavlt shatl be appl~cabk. Y oe c S_ To v~~n.r, c~~rt w wftw ne wua. wwW~nnen~ o? d~Nr.ontan d said wow~+Y, a+^Y w~ Nwrsol. and uao~ ~M 4ilw~ o( tM matqsqo~ ~o k~eo *Cm , bi,::d~^m d+ a~~d ~r~*y ~n qcwd taedtion of rpa:r, th~ kb?tW9M nrY d~nd f1y inrn~d~at~ rp~:i o/ uid bu:ld:eq~, w~n 'wXr~~a~ ~n M~ amo~nt of secv.~ry, o~ - r~• ..•..,e.:~a~• rec~.r^•^• cs drCf i~erear sKUnd and ~l~s fa:lurs d tIN Mort9aqo? b cr~p~t wilh said A~nynd of tha Al1oAp~q~e for ~ pa.~od oI •i:,r~ ~C ~ - ~ , - - ~ - - - - ~ . , mo.tqaq~. a ~A~ op~:en e~ Mr Monqp~+. ~nr++~~w:r ~Mner~ ar ~nr~n Mno~~M of w;ndF.~ •.,d _ ~