HomeMy WebLinkAbout0519 TO HAVE AND TO HOtD the samt, together with the tenements, herad~tameMs and appurtenances, u~ho the
Mortgagee, in fee simple,
AND the Mortgagor does he~eby oovenant with the Mortgagee that he is indefeasibly sei=ed of said land in fee simple.
that he has fu(1 power and lawfu) ri~ht to convey said land in fee simple as aforasaid; that it shail be lawful for the
Mortgagee at all time: peaceably and quietly to ente~ upon, hold, ocr.~p"y and enjoy said land; that said land is froa
from all incumbrances; thst he will make such fu~ther assurances to protect the fee simple title to said land in the
Mortgagae as may reasonably be required; that he does he~eby fully war~ant the title to said land and will defend the
same against the lawful claims of all persons whomsoever.
PROVIDED, ALWAYS, thaf if the Mortgagor ~~~all pny unto the Mortgagee the ce~tain promissory nots of which ihe
followi~g in words and figures is s tr~e copy, to-wit:
j COMMUNITY FE~ERAt SAVINGS ANQ IOAN ASSOCIATION Of RIVIERA dEACH
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~ ~Dx#~~~p ~~#P
~ Rw~frtw eewu+, ~Fiano~ September 1? 14 ?5
~ dtL+y indtbted, for valu~ receiwd, tM undtrsgewd jantly snd sevrrally promis~ to p~r lo COMMI~iliY FEQE _RAL$AVINGS AND
IOAN ASSOC~ATION OF RIVIERA 6EACM s~ i» oifio~ in ~1+~ CitY oi Rivisr~ 6each, Florid~, or ader, th~~s~+a~ of 1 a?enti~r -l~nree
I Thousand Two Hundred and No Hundredths -----------------~oowies-a 23, 200. 00 ~
i+~~t». M,~~t, ;~u.e~~ r~r?ew~ as FrreinafNr ~ra~~d ~w~+ttihr ~sra~t~ms of ONE HLTNDRED EIGHTY SIX and
; 82 / 100 a 186 .$2 iht fin t inst~llment shall be du~ and p~yabt~ on the l Oth .
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,~r of OCTOBER ~q ?5 ~ s~~q~nt intt~llmenri sh+ll be dw ~nd p+yable on N» 10~
, d~y o1 each ~nd every uknd~r month ~Acre~fier until fFf! PfNKip~I N1~ IflttlKt TVIIY
L~rger swns m+y be paid +t any time, bW the p+yment of •ny :uch luger :ums in sddition ~o tM payments herein req~i~ed shall
; not .elieve the makers of tFK paYmcm of tRK monthly insallm~++ts h~rein provided for, vn{eu it is specificalfy stipvfated by the mak~n ~t the
~ tEme of payment that svch larger sums ue to be ~pplied ro the sdvance payment of ttie masthlr irot~llments rKxt m~t~ninp in /M o~dtr o(
~i ~hr~r dve dates. AH paymeots ~nade upoe~ tAis r+ote shall be applied fint to tht p~ymsnt of ~ccnwd interest and seeondly upon ~hs principa~•
~ ThK oEGpation shall bcar interest from daie at the r~te of eight and one ~ prq ( 5
~ per ~nnvm until the pr~nc~pat and interest are fully paid. -
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y Interest fw each cakndar month shall be acwued on the ftrst day of ss+d month ud ba aomputed a+ the unpaid b~lance of principal
I arsd inrercst existing on the last day of the prcceding rno~th This note shsll be considered in default when any payment required to ba made
~ hcreunder shaN not have been made by its d~x da~e s~d sfiaN remai~ in defauft untit said payment shall h~ve bten made. While in def~uh,
i this note shall bear interes+ at the rate of 1096 per annum in 1"~eu of the rate hereinbefore specified.
' A!I make?s and endo?sen r.aw or hereaftrr becom~ng part~es hereto joiMly a~d severally waive demand, notice of nor?-payment and
~ protest, a!ed agree that in the event of default in the paymen~ of any insta~iment due hereunder fw a period of thirty (30) days the whole of
~ said indebtedness shall thcrevpon at the option of the hotder, become imm.ediately due and psyable, and if this rwte becomes in defsult and
j is placed in the hands of ~n attorney for collection, to pay reasonabk attwney's fees and all otFror cos~s includiny coxb ~nd attorneys fess of
R Appel!ate Covrt Qroceedings fw mak~r.g such collectan-
i This nofe ~ffaV b!! OflOild in Wtin~w ev in ~urf at an~ ~:...r ...:~1.....~ ..~...Iw.
~ s / Stephen A, _Vl~atts
i ~ - -----__-__.ts~?u
` s J_ France s M: _ Watts
~ ~ _cs~~?U
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~(i}ds note a sesvred by • enor~q~ of ~ven da~e executed br the maken irs frwr of Commw~ity Federsl Savinp"s +++d lou? Asu+. of Riviera 6each)
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i and shafl promptly perform, compty with, and abide by each and every ihe stipulations, agreements, conditions, and €
~ covenaMs of said promissory note and of this deed, then the estate herPby created shal~ cease and be null and void.
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~ AND the Mor~gagor does hereby covenant and agree:
l io o+V sll a~d s~:~+r :he w~nc:D+1 and imern~ ~nd aher swns o( ~r~onw wr+ble by virh+e of s+~d wom'ssory nwc ~nd this morl~g~, a Nrher. P~P~~Y `
i on M. aaY. ..spe~r:reM, t~+r sr.~s~ a~s1!Y F
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~ 2. io qY all ~e~d s~.+qulx +Me t~ae+. ~sse»mcr+», levro?. 1~ab~l~.~es. obt~q~~~ons +~d ~~c:..nb.arwca o? rve.y narure on sa~o oeu.~nea waKrr~ exh and everY
~ «hen dve ~e~d payaEk xcwd.nq ~o law. before they becw~.e del~r,q~c~t, and r1+t san+e s1~a11 nc~t :;e w~D~h W~d the Mo.tqaqee maY at ~ny ~~me e~~her belwe
° r aher deb~ue~+cr wY ~?+e s~mt w~rhoul w~~v~nq w aflecnnq tAt Wr~on ~o loredme. w any nqh' be~evnder. anA ert.v PaY~'en~ ao made shall bea. inteiesr from
~ ~`~e da~e eAereof a~ ~he .aie por,ded ss~d Drom~s~wy nore
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f 3. To keep the baild;~yt and stl eqv+pmcnt and p~rwnsl propeAy now u hereafter on sa~d premises, coverod DY th~s mortqaqe, ~~s~red in a sum a~ te~st
equal ~o the unpsid b~lance of this mortyage, including f.re, fiood, ea~ertded coverage, vsndaGsm, mal~ciou: mixh~ef, and any othe~ cover~ye req~~red b~r the
mwtgagee, as to properties other than dwelli~gs, ~nd f~re, flood, extended cwe~sge, spec~al-fwm other per~ts ~nsurance, and +~y o~her cove~age ~epu~red by
~ the mortgayee, on dwellings eligible fu such bro?dcned wverape - provided, however, ~hat aoch ~aw~ance be ao ~c.wun+ suff~rer.~ to comefy with any co-
~ ;ns~rsnce reqviremtnts cove~inq same unde* N+e laws of the St~te of fbrida, snd pro,rided fvrM.e~ that N~t policy w po~~cies shsll be wr~nen in comp~ny u
t campanip ~nd tMo•.yh an a9encY ut~sExtory to the Mwtqsqee and that said pot~cy o~ polic~es shalt be F.etd by rhe Mortqaqee snd shall besr a sre~dud Nsw
( York Mortg~get C!svse w4thwt cont~ibulJon, making tAe b:s under said policiq wrable ro tMe Mwtga9et as ~rs ~nteres+ may appear; and ~n the event anv sum
' of money btcomes paysbie undn any svch policy w poticies, tMe Mwtgaqee shall have the opno~ to ~ece~ve and avD~Y t~ sa~r•e on accourir of rhe indebtedneas
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j hereby sKUrcd, cr ?o permit tht Mdlgaqor to rKeive and ~u ~b w my put the~toL (d othe~ pvrpnses, without t~e~eby w~~ving or ~mpa~rrng s~Y eqv~ty, tien,~l~ ~
~ cr r>qht under and by virtve of th~s mat9sye; and in rhe event the Mwtqaqor does oof -~xnply w~rh rhis covenaM, the Morrgaqtt msy plxe snd par fa svthV'~ ~
~ ~nsvrsnce, a anY v+rt thereof. ,rrithwt waiving w sf(ect~nq +he opt:on to foreclox, or any riqhr hereunder, snd rhe i~!! a~na.r.t ef ta:h atd every sutA pa~menl~'^ ~
shsll b~ immedi~MSy ~e a:ed paysble, snd shall bear infecat irom ths date thereof until paid at the defs~lt rete prov~ded in aaid rsote and toyeN~er with such -
inte~pt shafl be set~red by rhe lien of this mort9s9e. ~nsurante c~ :'ori..q the peril of fleod damage shall be ss req~~red by the Federat C~sasrer Vrohtt+o~ Nct €
t of 1973, w aa amended. +nd moriv~ ~~ants and agrees fo cer~ply in aIl respects with the prwisions tMreot. v ~
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` 1. Thar matgrgee may, at any t:me duri~g the mortgage rorm, snd in its dixrNion, ~pplY fw renewal o~ ~x~9+9~ W+qnty insuranct coveriny the
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~ mwigsge e¦ec~ied by fhe ur.de~signed on even dNe htrewlth, pay tht premiums due by reason thereof, and reqv~~e rep~yment by the und~:s~y~ed of such ~ '
t nr.ro~nts as are sdvanced bv sa~d mortga9ee. In the event oi fail~ro by the vndersigned ~o repay said srnooets fo said morya9ee, a~ch faNwe ihall be con- '
~ s+dered a default, and a!I prov~s~ors of ths ~rote artd mcrtgage w~rh regard to defwh shall be appGubk. :i~i ~
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~ S. To pnmi~, eamn~t a?vfhr no wup. imp~um~nt w d~:a:or~econ of uid pr~qrty, ar aiiy p~.~ tiar~of, and upon rM faifvr~ cf ~1H mo.tyaqa to tuep
~ b~rild~f.qs er.M~d propMt~ in qood c«+dtion of r~ir. tM Mwtqapw nyy d~wund tM ~rnn+edatwrep~~r oi s~id bv~ld~np~, a~n irweM~ in tM an+wm+ o/ ~ecw~ry, w
tM ime~dist~ rp~ym~nt o1 tM d~M i+e~~bv s~ew~d a~d th~ f~ilw~ of dw Mor~y~pw ~o eo~+ply wirh uid d~nw~d of tM Morty~p~t Iw • priod o~ tAin~r (JO)
r~ dsv~, s1u11 consnr~» • breach of thi~ rnorf9+9~, w+d. ~t tM oprion of Nr Mwty~qN, imm~diNely ~natur~ tl» ~n~ir~ ~mounf of principal ~eed inlarest het~b~r
~ec~~ed. •~d ~m~^ei~~ri!v ind w~r}spR ~oM~. tM Mwrp~pw rn~y inpifvM poe~e0~rqs ro fw~clos~ Mis mwt9p~ ~..d ~ppfr ~p tM ~POo+ntm,~~~ of • Rec~:w~r,
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