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Home My WebLink About1258 TO HAVE AND TO HOtD the same, togethe~ with the tenements, hered~taments and appurtenances, unto the Mortgagee, in fee simple. AND the Mortgagor dces hereby covenant with the Mortgagee that he 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 iawful for the Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said la~d is f~ee from all incumbrances; that he will make such further assurances to protect 1he 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 whomsceve~. PROVIDE~, AlWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which the following in words and figures is s true copy, fo-wit: ~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH ~~IIr#~tt~e ~D#~e ~ f RIVIERA BEACH, F~ortiuA April 4 1975 ' Bein9 indebted, for v~lue ?eceived, tfis undeniyned 'pintly and uve~ally promise to pay to COMINUNIr~~ ERA AND ~ tOAN ASSOCiATION Of RIVIERA BEACH at ia office in the Ci~y of Rivie.~ Beuh, florida, o~ o.der, tM swn of Fir'~Y ~ THOUSAND AND NO HLTNDREDTHS------------------------~ow~s ts 55, 000. 00 ~ ~ i royefher with interes~ ~htreon at I+ereinafter stated in m«~thly installrtrn» of FOUR HUNDRED SIXTY ONE aI1C~ l 5~i ~ 1 ~ oo~u?as cs 461 . 5 6--- The iin t imtallmem shall be dw ~nd payabk on the 1~h ! day of MAY 19 75 s~d :ubuquent inst~llments sh~ll be due and payabk on the 10th ! d~y of each ~nd every ukndar monlh the~e~fier unti~ tM printipal and iMerest are fully paid. luger sums may be paid et eny time, but fhe p~yment of any such larger sums in addition to IFM paymcnts F~erein required sh+~~ not relieve the makers of t!x payme~t of the monthly installments herein provided for, u~less it is specifically stipulated ~y the mekers at the time of payment that such lar9er sums are ?o be applied to the advance payment of the monthly instatlment: next maturing in the o~dtr of the~r due dates. All payments made upon this note shall be applied fint to the payment of stuued interest and secondly vpon the princips~. This oblig~tan shsll bear interest from dste st the ~~tt of I1121@ per ctM ( 9 ' per annum until the principal and intertst ~re fuliy p~id. i E Interat fw each calendar month shall be acvued on the fint day of said month and be computed on the unpaid balance of principsl I and interest existing on the last day of the precedi~g month. This note shall be mnsidered in default when any payment required to be made ~ hereunckr shall not have been made by its due date and shall remain in default until said payment shall have been made. While in default, this note shall bear interest at the rate of 10% per annum in lieu of the rate hereinbefore specified. All makers and endorse?s now w hereafter becoming parties hereto jointly and severally waive demand, notice of non-payment and protest, and agree that in the eve~t of default in the payment of any installment due hereunder fw a period of thirty (30) days the whole of said indebtedness shall thereupon at the option of the holder, become immediately due and payable, and if this note becomes in default and ~ is placed in the hands of an atto+ney fw collection, to pay reawnabk atto?ney i fees and al! other costs including costs snd attorneys fees of Appellate Court Proceedinys for making such colletlion. j This note may be prepaid in whok or in part at any time without penalty. ; ~ s/ Raymond D. Parks_ ___V~ ~ ~ , ; j s/ Diana M. Parks • ~ -----ts~w i ~ , E ; > ~ u . , { , $ ~ lSEAU ~ f(ihia note i? ucucd by • mor~p~ye of even d~te execvted by ~he maken in favor oi Community federal Saving"s and loan Assi+, of Rivier~ Beach) ~ e Y ~ and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and ~ covenants of said promissary 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: . y ~ to wr s~nyular tM p~incip~l ~nd internt ~nd other aums oi Rwr+ey parabte by virhre of said promissory note and thit mwty~9e, a either, promptly ' o~ tM dips resp~ctively. ths aam~ s~vwaltr com~ due. ~ [ Z. ~o pay all and i~nqutar ~~e i~aes, ~ssessmenrs, le.~~es, baMle~es, obt~ganons and ~Ma~mbldMlS of ~vny nature on uio aescnbed poperry exh and evdy ~ .Yhe~ d~,e ~~d pay~ble accad,ng ro Nw, befo~e nc~y becwr+c de!~nque~r, and ,f rhe samc shall nor be Dro~++ptly w~d the Nb.tqagee may ar iny hme e~ther befwe ahe. deLnq~enc~ pay ~he same w~rhour wawmq o. a1/ec~~~q ~he op~~on ro fweclose, or a~v ~~9hr Aere~~der, ~Rd e~ery paymen~ so made shall bea. mreresr (rom ~ yy ~~e da•e rhereo~ a~ ehe .are p.o~~ded m sa~d Wo.nnswr nae ~ ~ :a + 3. To keep the b:dld~n ' ~ gs and all equ~pment and persona! property now or hereafter on sa~d premises, covered by th~s mortgage, ~nsured ~n a sum st Ieast j - equal to the unpa~d balance of thES mortgage, +ncl~dinq fire, flood, e¦tended coversge, vandAl~sm, maGdous m~sch:ef, and any orher cove.age requ~red by the mortgagee, as to properties orher ~han dwel~+ngs, and fire, flood, eatended coverage, special-(orm other-perils insurance, and any other ~overage required by F' rhe mortgagee, on dwelfings elig~bfe for such brosdened coverage - provided, however, that such ~nsurance be ln an amounf suffrc~ent to COm.p[y wlth sny cw ~nsurance requiremenh cove~ing same ~nder the laws of tF~e State of Flwida, and prov~ded furthe~ that the po!~cy or poticies shatl be writren in a comp~~y or ' compa~ip and through an sgency sat~siactory to the Mortgagee and that said po~ or polities shal~ be held by ihe Mortgagee and sha~l bea• a srandard New ~F York Mortgagte Ctause wltho~t contribut~on, making the loss undcr said policies'payablr to the Mortgagee as ~ts ~nteres~ may appear; and ~n +he event any svm ~ of money becomes payable ~nder any svch pol~cy or polide:, the Mortgagee shall have rhe opKon to recervc and applr the same on accounr ot the indebted~ess ~ F.ereby secured, or fo permir thn 1Vlort9agor to rtteive and use ~t, or any pari thereof, fo~ other pvrposes, without the.eby •~aiv~ng oi impa~r.nq any eqvity, Iien, WO or right under and 6y v~nue of rhis mortqa9e; and 7n the event tht Nbrtqagw does not comply wnh thfs covenant, the Mortgagee may place and pay for suth p~p ~ ~nsurance, w any pa~t rherto(, wnho~t wa~ving or affMing the optim to foreclose, o. any r;ghr hereunder, and the full amount of each and every s~ch payment ~ ~ shall be immediataly dve aed payable, aod ahstl bear interest from the date thereof until paid at the defavlt rate provided irt said note and together with such ~ interdt shall be secured by the liar~ of this mort9age. Insurance cwerirg the peril of flood damage shal~ be as reqvired by the fedtral Disaster ProtKtion Atl ~ ~ 'e~'~ of 1973, or a: amended, and mortyaqw covenants and ~grees ro comply in all respects with the provisiau thereof. ~ ` :s~ ~ ~ 1 ihat mortgaqee may, at any t~me d„r~ng the mortgage term, and in its diuretion, apply for renewat of mortgage guaranty insurante covering the ~ ~ mo~tga9e e.ec~ted br tFe :.nders:gned cr even dafe hcrew~th, pay the premi~ms due by reason rhtreof, and reqvire repayment by fhe unde:signed of such amo:nrs as a+e ad~anced by sa~d m,rtgagee. In the event oi ~a~lure by the undersigned to .cpay said amo~nts to said mortgagee, such failvrc shalt be con• ~ : ~ s~dered a default, and a'~ orovis~or}s of the note a~d mortgage wnh ~egard to de(ault shall be appLcable. ~ ? ~ S. To p~rmi?, canmit ot svffh no wafb, impalrmenl a dtteriw~tion of s~id Prop~rtY. «+~Y Dsrt thereof, a~d vpon tM. failw~ of 1!N mortq~qor lo k~eo th~ ~ b~~1~~Rq~ on a~~d prop~rty in pooE cond~lion o( repair, tM Mort ma d~mand th~ immedi~t~ reWir of sa~d b~~ld- " ~ 9+9N Y ~~gs, w•n incre~~e ~n rh• •mo~nt of ~ecu~lry. o. _ r~.e•• _,~r^e -f rn• deA~ benby seew~d ~nd tM 1~ilw~ of tM Morfp~por ro comply w1tA aid d~mand o} tM 1Nortq~qee fcr • w~.od cf ,r~ 3: . . . • , . . • - . : r •~,i m«tqy~. ~nd, a~ tM cDKOn o/ th~ Mwtg~qee, imm~d;~tel~ matw~ fM enNr~ amaw+r of p~lndpaf and . ~ • _ . g; x- . . : . . . . . . . . I~ ~ ~ ~ x w~" ~~.T ~ 'ST'~~~ ~Y 14-Z d . i ~ ~ . ~ ~ Td _ . fs4.. _