HomeMy WebLinkAbout0578 TO HAVE AN~ TO HOID the same, together with the tenements, he~ed~taments and appurtena~ces. u~to tha
Mortgege3e, in fee simple. .
AND the Mortgagor does he~eby oovenant wiih fhe Mortgagee shat he is indefeasibly seized of said land in fee simple,
shat he has full power and iawful right to oonvey said land in fee simple as aforesaid; that it shail be lawful for the
Mortgagee at alt time: peaceably and quietty to enter upo~, hold, occupy and enjoy said land; that said land is free
from a11 incumbrances; thaf he will make such further assuronces to p~otect the fee simple title to said land in the
Mortgagee as may reasonably be ~equlred; that he does hereby fully warrant the title to said land and will defand the
same against the lawful claims of all persons whomsoever.
PROVIDf~, ALWAYS, that if the Mo?tgayor shall pay unto the Mortgagee the certa+n promissory note of which tfie
following in words and figures is a true copy, to-wit:
COMMUNITY FEDERAt SAVINGS AND LOAN ASSOCtA?fON Of RIVIERA dEACM
~IIr#~~~t ~D#~
RIVIERA BEACM, Fiatic~ September 15 ~9?5
~ 6eioy indebted. Ew wlve ~eccived. t1w vr?dsn~pn~d laruly s~d severally promis~ to P+Y to COMMUNITY FEDERAL SAV~NG6 AND
IOAN ASSOCIATION OF RIVIERA dEACH itt ofiiae in the C~ty of Rivis+a Beach, fbrid~, or ordv. ~h..w~ or ~E TH~USA.ND
SEVEN HUNDRED AND NO HUNDREDTHS-------------------~s a 9, 700. 00 ~
{ royerha w~tA ce+t~re~~ ~h~.ea~ ~s hers;eaft~r :~ated tn monthly ~nstdkn~ms of TVIrO HU~NDR ED and 19 / 1 QO-
~ - - - - - - - - - - - - - - ~S ~s 200. 19 n+. f~~ imtdlment shsll be du~ and psy~ on ehe tCriY~'1
~ d•r ot ~CtO~r 19'jrj and subsaq~ent teutallMSMS sh+ll bt dw and p~y~b4 a? tfi~ tg~~
j day oi each ~nd every ul~ndN month the~eaher until the Qrincipal and interast ar~ fvlly piid.
~ ' l~rqer ivms may b~ paid at any tiMe, but the paymtnt of ~ny such larger s~+rr?s in addition to IM p+yments fi~rsin requi~ed sh+fl
~ not relitve the mak~n of th~ p+yment of the monthly ir?~tsltmenn hereln povtded fo?, vnkss N n sp~cific~lly st~pul~ted by the mak~n +t tM
~ tim~ of payrn~nt lhst such luyer sums ue to be ~pp~ied ~o tl~e +dv~nce payrnent of the monthly installmenb n~xt maturinp in tl+~ wdN of
rhev due dates- AI! psyments made ~pon fhis note shslt be applied fint to the paym~nt of ~cvued ~ntereat and secor?dlY upon the Princips~-
( This oblipation sh+ll beu interest from dats at the ..f~ or eight and three-quarter P~* 8. 75 'x~
1 per annum until the princip~l u~d interat an fully paid.
Interest for each cakndar month shsll be acc.~ed on the fint d~y of s~id month and be compuled on the w+paid balance of princip~l
and interest existing on the lut day of the p?eceding mo~tfi. This no~e shail be mnsidered in default wfien any psymenf req~ired to be m~de
hereunder shall not have been msde by its due date and shall rcmain in default u~til said payment shall have beea msde. Wh~b in default~
this note shail bear inte~est at the rate of 10% per annum in lieu of the rate hereinbefwe specified. '
~ All msken snd enefasen ~ow o~ hereaffer becoming parties hereto jointly and severally waive demand, ratice of no~-psymcnt sad
~ protest, and agree that in the event of defsult in the payment of sny installment d~e herevnder fa a period of th;rty (30) days the whok of
said indebtedness shall thereupon at the option ef the hotder, become im~xdiate~y due and payable, and if this Rote becomes in default and
~ is placed in the hands of an atromey fw collect7on, to psy reaso~abk attorney's fees and all ottx? coah i~xludirg costs ~nd attwneys fees of
Appellate Court Proceed'u+ps fw making s~cl~ collection.
~ This note m+y be Pn'Paid in whok w in part at ~oy time without penalty. .
~ /_&l_..~'~ul_~.._..~tat±Pr ___.cs~?u
~ ~ ~~~.____--------cs~w
/s.j Josefina M._~at er _,____----_--_-,--------_.tsfwu
- M . Yta..c~7^'-~
- -
(ihis no~e is secured by • roonpay~ of eve~ d~te executed by the maken :n favor of Commw?ity fede~al Savin~i u?d tosn Assn. of Riviera 8e~ch?
~
and shall promptly perform, comply with, and abide by each and every the stipulations, agreeme~ts, conditions, and
~ covenants of said promissory note and of this deed, then the estate hereby created shatl cease and be nuN and vo+d.
! AND the Mor~gagor does hereby covenant and agree:
E
[ 1. To wr a~ «+a s~na~+? t!r pincip~l ~nd infe?est and other sums d monw P.r,ae br virtue oF sa~d promiswry nae snd thiz morty~q~, or ~itMr, pomptly
~ on C+. d.r+ ?.sv.dlv~h, th. snne s.w,~y oan. du.. .
~ l. To pay all and s~nqut~r tht usea. asiessmen~s. Iw.es. I~ad4r~es, obt~qa~~a+s and .r~cwnMances o( wery narure on u~o otscnbed popert~ exh and every
j ~«hen dve snd paYaEle xcad~nq ~o I~w. Delae rhey be~ome det~nq~nnr. and ri~e same s?+alt no~ be p•omp+ly pa~d the Morrgagee may at ~ny f~me e~+her b~for~ ~ -
~ alte~ deLnqucncy psy ~he same wnhou~ wnvlnq w afiecung the opr~on ro ~wecbse. w any ng1+e bereunder, a~d every Paymero w made aMtii be~r lmeresl f.om
G da~e rhsreo! ar ihe rare pov~ded ~n sa~d prwnn~wy .wre
i
! 3. To keep the buildings sod all eav~pment and personsl properry now or hereafrer on sa:d premises, cove~cd by this mo.rg~ge, insured ~n a wm at lea~t
eq~a1 to tfie unpud batance of this roortgage, lecludiny fire, flood, e.tmded coveragt, wndatism, rrNGuous m~schlef, and any o~her coversge req~~rod by the •
mortgagee, as to propertin other than dwellioqs, and fi~t, flood, ealended coversqq special-form othe~•per~ls ~nwrance, and any otfin coverege rep~ired by
the mwtyaqee, on dwellinqs e~~9~ble fw such broadened coversgt - provided, however, that such ~nsurar.ce be io an smount s~ffic~ent ro comD~Y W~~h ~ny co-
insvrance req~iremenb covsring aam! under Me Iaws o1 tM Stett of F{pida, srid providtd fwther that the policy p polrcip sha~l be written ~n s comp~ny or
companies ind Mrovqh ao apency sa~[s~xrory to the Mortg+yee and that ssid policY w polic~es shill be ~e~d by rhe Mwtgayee and s1+a11 bear a sta~dard Naw
Ywk Mwtqsgee Chvse without conrr~but~o~, mikirtq tlu loss ~nder said pol~cies Dayable io the Mwtflagee ss its ~~teresr may appes~; and in ehe erent ~ny sum
! of mwroy becomes paysble under any such policy w pol~c~es, tlx MortQagee shall have ~he opf~o~ to ~eceive ar.d appty tfie same on acca~~t of the ~ndebrede~s~ or.^.
hereby secwed, w ro permit the Mwtgagu ro receive and vu ~t, w any part thereof, fu orher pv~poses, w~thout thereby wa~v~ng or impa~rmg e~y cq~~h. o7C
' w right vnder and by v[rtue of thii mwtqage; and ~n the event tfie Nbr~psyor doe: not comply w~rh th~s covcnaar, t~e Mor~gagee may pl+ce a~d pay fa scch ~
' ~nsurance, o~ any part thtreof, witho~t waiving w a(fectiny the opt~on to Iweclose, o~ a~y right herevnder, and Me full amount oI exh and eve~r wch payment ~
ahall be immedi+tely due +nd paYSble, and s?~all bear interaf irom tAe dete thereof unt~l paid af the default rate provided in s~~d rate and together with such
i~terest shall be secwed by N~e lien of this mwtqage. Insurance cwe~inq the pe.il of flood damage shell be as repuired by tfie fedcral O~sasur frotection Act ~
of 1973, w as amended, ~nd mortyapc. covcnanrs snd aqrcea to comply in alI respects wirh the povisions thereof.
i a ;
That mortgagee mey, at arry t~me dcring fhe morig~g! ?erm, snd in Ys dixretion, spply for renewa~ o~ mu~9sge 9uarenty insorance coverin9 the f~+~t
mortgage e¦ecuted b~ tne vr.dersig~r! o~. even date herr+vith, pay tbe pemivms due by reason the~eof, and reqvire repayment by the v~de:a~qned ot s~ch
, arrounrs as are advanced by said mongagee. In rlj! evmr of fal~re by the unders~gned to repay said smoonts to :sid mwtgayee, such failrre shsll be con- ~
e;dered a default, ano a I prov~sio~s of rhe ~ote and mo~tqsge w~th ~egard to defrvlt shalt be appf~tabfe. _ 2
~
S. io pam~t, cammt w suffa no w~sq, imp~~~~+err~ w dnaar~Hon of u~d o~op~rtY. a arW w~r eMreo/, ~nd upon rM Ia~lw~ of tM rna~ppor to k~ep rM
' ' bvild~nq~ on Mid property in qood ca+d~~im of r~pair, ~M Moe~ysq» n~r d~m~od tM immediat~ rew~r of s~~d bwld~~, a~n ~nueas~ :n tM awwunt of secw:M. w {
' el» invned~aN rp~ymenr of tM debt hereby aecw~d ~nd rM ~ailur~ of tM Matq~ya to canply „rf~h s~~d d~m+nd d tM Mor~paq~e fw • pKiod ot th:ny {30)
d+v~, sMll can~~w~~ • be+ch o1 tAi~ enwtpap~, and. ~e r!» av~ion o1 Nw IMortv+9M. ~mm~diiqH matur~ N» enrir~ ~ma~M of P~~~+c:wt ~nd inhr~s~ hN~bfr
~ec~.rd. •~+d iT~-e~,re~~y •nd wi~AqR nofic~, fM AAor~p~pN mry imNwN poe~edw~qs ~o /a~cloa~ rhis monq~q~ snd ~pp1r ip fM ~ppo~n.1r.enr of i Rtc~~~ea, a~
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