HomeMy WebLinkAbout1806 TO HAVE ANO TO HOLD the ~me, together with the tenements, hered~tament: and appurtenancea, ur~t~o the
Mortgayee, in fae simpl~.
AN~ the Mortqe9or does he~eby oover~ant with the AAo?tga~es lhat hs is indefeasibly seized of said Isnd i~ fe~ simpl~,
thst he ha:• full powe~ and lawful ri9ht b cor~vey said la~d ~n fes simple as aforesaid; that it shall be lawful for the ~
Mort~a~ee at ail timet peaoeably a~d quietly ro enter upon, hold, occupy and enjoy seid land; that said Isnd is fro~
from ali incumbra~sces; that he will make :uch fvrther auurances to profect the fee almple title to taid land in the j
Mortga~es ss may roasonabty bs ~squirsd; that he does heraby fully warrsnt the title to said land and wlll dsfend fhe ;
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same ayainst the lawful ciaims of all per~ns who~msoever, 3
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PROVIDED, ALWAYS, that if the Mortya~o~ shall pay unto the Mohgagae the ce~tain promiuory rate of which the ;
foliowi~g in words and fi9uros is a ttue copy. lo-wit:
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COMMUNlT1/ iEpERAL SAVINGS AND IOAN ASSOCIA?ION OF RIVI~RA dEACN
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RIVIERA dEACN, FIORtDA July 30, 1~~5
! IOAN ASSO~IATION OF RIVIERA dEACli at~i~s offk~s
inng CHy of Rivisr etachYflo~~ ro p~y to ~OMMUN~TM FEDERA~ SAVING6 ANp
s o td~, a«dn, N~ wm d FIFTY THOUSAND
AND NO HUNDREDTHS-----------------------------------..oaw~s a 5U, 000. 00 t
j~•+h•• ~?+~•K~ ~.•ea+ t~~.~,.fa. :~~.d t~ ~wm~+h? ~ratM.m. d. FOUR HUNDRED ELEVEN and 08/10
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I--------------~~ lt 411. 08 x n+. f~.s t t~t.~unem ~k.u b. d~,. «+a Pa~r.a. o~ M. tenth ;
; d•r oF September i9 75 ~d .~~.m ~t.iu~. .ti.n b. ,~a P.r.~. a? tenth
+ d~y of ~sch and evety caltnda~ month ~her~~fte? until tM principal and htetest ah full~/ p~id.
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~ laper sums may b~ paid at ~ny tim~. but the payment of •ny sucA luyer sums M+ ~ddition w tM p~yenenn harein rp~ind shall
not .eli~ve the mak~rs of tht payment of tM montby irotalknenri henin provid~d for, unl~st N i~ sp~cific~lly stiputatd by tM m~k~rs Me
~ f~ of p~yrment that such lar~er swns a.e to bc applied to the advanc~ p~yment of the monthy irot~llments next matwiiy in th~ udu of
rheK dw data. All payments mx~ upon tAa not~ shall be applied fint w tM p~ynMr~t of ~cuued intcn~t and seoondly upon the pir+cip~l.
~ ?his oblipation shail beu htersst from daq ~t th~ rab of eight and three-quarter p~r anf ( 7~j X)
~ pe~ a~w+um until th~ ptintipal ~nd interat M~ fvNy p~fd. ~
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~ Intenst for each ul~ndu month sMll b~ acawd on tM fint day of said month aad M aomputed on the ~npaid balancr of prindpal
and intemt tzaNng on tFK lut day of 1he preceding month. This note shail be considend in defa~h when ~nY p~yment requirad to bs madt
~ herevnder sMll not Mve baen made by in dve dat~ and shall romain in deiault until said psyme~t shsll have been m~de. VYhib in defavtt, -
th~s noro ih+l1 bear interest at the rate of 10% per annvm in liev of the rate heretnbefore specified. ~
i Ait makea and endorsers eow w hereahr~ becoming psrties h~rero joimly and severolly. waive demand, ratice of non-psyment ~nd
~ protest, and agree thst in the eveM of dafa~h in the psyment of any inst~llment due hcreunder for a period of thirty (30) days the whob of
said indebtedr+ess shail tf+e~eupon at the optioo of the hotder, become immediately dve and payabk, and if this note becomes ie? defauh and
is placed in the hsnds of an attwney for colkctiw~, to p+y re~sonabk attorney's fees and all other costs ir?cluding coab Md attorneys fees of
Appellate Caxt Proceedinps fo? making such coltedion.
This note msy be prepaid in whok or in p~rt at any fime wifhoW penalfy.
~ . - [ s~ Thoma. $~.._IBTa'~_ ~._cs~w -
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~ ~-.BL.~tla.tgarPt A_ ~~ite -~~.____.~R~+U ~ ~
~ cn~ ~ Kn,.~a . ~ ------------._.__._w_cs~wu ~
t bY ewrt0ay~ of ~ven date ezecwed by the en~ken in faver of Carw~wniry Feder~l Savin~i ~nd lo~n Asu?. of Riv+tw itach) x
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! and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, ar?d
~ covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void.
~ AND the Morigagor does hereby covenant and agree:
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i 1. Io pa~r ali ~nd sw~yular rh~ wiecipd ~nd inNrest ~nd oMa sums of rnon~r Dw~ b'Y virwe d ss~d wamssorY not~ snd tfiis mortp~y~, a~itMr, pro~pllr t
~ a+ ~he dhrs r~+wctiv~h~, tM s~e s~v«aty eowr dw.
r To Wy dl and s~rgula~ ~l~e ~aaa. sssessmenri. lev~es, I~ab~lmes, obl.ga~~ons ~nd .ncwnba~ces of wery ns~ure on sa.a oescr~bed Wqpe~h exA and every ~
~ when Aue and paYaD(e xcad~nq ~o Aw. be/pe rhey be~ome del,nqvenr. and if ehe same sMli nor be pvp~pNY W~d Me Mwr9+9ee n+aY at a~y time e~ther btfore
' a(~er de6nq~encr wr ~~+e sime w~~hout wa~v~nq a alfec~~ng ~he opnen ro lorecbu. w aar nqM herevr.der, a„d eve.r wr~~ w made shall bea. inlHHl f.om
+~,e da:e ehereol at rhe ra~e prov~ded ~n u~d pan~ssav ~~e. - .
3. To keep the bui{di~ys and sll equipment snd pcrswea{ property now p hereafter on s~id pemises, covered by this mwtqsye, insur~d in a sum at INSt t
eqwl to the unp,~td bslanc~ of M~s mort9aye, inctudirtg fire. ftood, e~rend~d cove~age, vu~dalesm, rrral;c;Gi,s miuhief, and any otF~er cavcr~ rp~~red by tM
mortysgee, ss ro poperties otiur than dwellinqs, and fire, flood, e:tended coverpe, special-form other-pe~ils i~awar+ce, ~nd any other covcr~qe reqvired by
ths mortys9ee, on dwellirgs etig~bM for wch &oadened covuye _ provided, ?wwerer, that such imursn~e be in an amoiren sufficient ro comply with eny co-
inswmce r~qvi~enrnfs coy~ring ~ame ~ tMe Isvrs of rhe Spte of fluida, and aavided furthe~ that the poficy a politi~ yhatl be written in a wrwpsny w
:ompanies and throuyh sn aqcncy sat~sfactaY to ~he Mwtqayee and thaf said policy or polic~es thall be heid by tAe Mortgaqee and ahall bear a:t~ndard N~w
Yorfc Mutyage~ Cl~uu withovi contria,f~on. makiny Me loss ~~der said policies paYaple ro tM Mwf9rqce as irs :~reres+ miY ~ppesr; end ~n ~he evsnt any sum ~O
of erwnry becomes p~yable under a~y s~ch policy or pol~ues, the Mortqsqae ahsll haw rhe opr~on w rece~ve u+d apptv the ssme on xcounf of the indeG~ednefs ~O~O
hereby secwed, or to perm+t the N{wfq~qor fa ?eceive and use ir, w snY p~rt thereof, fa orher pwposp, wirhour thercbp wa~vinq o? imp~ir~ny ~ny ~Ov~ty, lien, ~
or ?igM „nder and by v~nw of eh~s mortyspe; ~nd in ~he event ths µorty~yp does not comply w~th rhia cove~ant. rhe Morrq~gee msy clxe snd pay for s~ch l V
~nwru~ce, w snY W~? therwt, wirhan wa~v~ng w~ffecrinq rh~ opGon to fweclose, a riy riqht herev~der. and the f~ll ~mw:nt of exh aM evHy such p~ymenr
sMl{ bs imm~limly dw and paY~bt~, ~nd shatl ls~ar i~terest irom ?M da» thereof unt8 paid at tM deiaul! ra?e provided in wid not~ ~nd to~ethar with wch ~
inter~st shall b~ aecwed by the lien of this morty~ge. IRSwanca cmre~inq tM peril of flood dsm~ye shatl be as rsquired by the Federal D~saster Protection Act
of 1973, w u amend~d. ~nd morty~yw covensnb and ~yrees to comply in all respacts with th~ provisioro N~ereof. ~
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I. Thst mongegee mar, at any rime du.ing the monqaga r~rm, and in its distretiar, appH for renewal of morqsge ywr~nry insw~nce coveriny tM M
mwtqa9e e~ec~tad by the ~~denigned on eve~ tiate herewith, pay the prcmiums due by reason the~eof, ~nd rpvire repsyment bp the unde:si9ned of wth w
amo~MS as are :dvanced by said mwryagee. In tF~e event p~ fail~re by tM undersiyned to repay ssid amounrs to said mortp~pee, such ftilvse sh~ll be ton- ~
sid~red s defaul?, a~d a~l Frovisio~s of the` n6te snd ~ortype with regud to defsulf shall be appGubk. /y
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3. • To oM~n+~, comm7t a sufhr no wuu, imWirrr~?t w d~Nriaation ot uid P~oqrh, w+nY oa~~ ther~el, and upon +iw /~ilw~ d/M ~ne?tYWOr to- keeO Mw
bwld~nqs on ~.id woor?~r ~ pood ca+dcrion oi r.v~N, tM Mortw9» ~ d~rw~d tM im~diaM rp~ir of sa:d baGld~ry~, a ~n inuea~ in tM aiwaw+~ of wcuriryr. w
Hw imr~di~t~ r~wyxw~t of Mr d~M l~u~b~r s~cu+~d and tM f~ilun of Nr INoripapa ~o canplY wi~h s~:d d~nynd of tM Mw~y~e 1w • v~?iod o1 thirtq (3~
diw, sMll ca~sGtuu • bre~cl~ o~ Mw~ nqr~p~y~. ~ed, tl tM option o/ 1M 1NortyspM. inxn~dialdy nwtw~ dN Mfiy anw~wq o~ pincip~l and im~ryr henby
~r;•nid. and I,n.-ej,~!~'Y •nd wi~~M nMip~ flw MOrtq~yN wy'y i~yfiM~ WpeMd'nqi b f~r~e1M~ q~is nw~19~y~ ~nd Mply fp tM ~ppantment c1 e Pece:~e+. e~
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