HomeMy WebLinkAbout2127 TO HAVE AND TO HOt~ the ssme, together with the tenements, hered~taments and appurte~ances, w?ro the :
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Mortgs9ee, in fee simple. `
AND the Mort~aqor doei her~by o~venant with the Mort~a~ee that he i: indefeasibly seized of said land in faa simple,
that he has full powet and iawfui ti~ht to aonvey said iand in fee s~mpie as aioresaid; fhaf if s~isii u~ ieViiiii~ ~~i ~i'~6
Mortyagee at all times peaoeably and quietly to e~ter upon, hold, o,scupy and enjoy ~id landj that said Isnd is froe
from al! incumbranc~; that he w111 make such funher auuranc~ to protect the fae aimple title to taid tand in the
Mortgages as may roasonably be required; that he does hereby fully warrant the titls to said land and will defend the
same against the lawful ciaims of all perwns whomsosver.
PROVIDED, ALWAYS, that if the Mo~aQor shall pay unto tAe Mortgagee the ce~tain promi:sory note of which fhe
followiny in words and figures is a tnie copy, to-wit:
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOClATION OF RIVIERA bEACH
~IIr#~M~B ~A#E
Rrvie~? e~?u+, aanw? October b, 19 ?5
d~kg ind~W~d, tor vdw receiwd. th~ vnd~npn~d joieNly snd s~ver~lly p.omia b pay to COMMUNItt FfDERAI SAVING6 /1!~
I tOAN ASSOCIATtON OF RIViEw? e~?a+ i+. offio. c~r o+ a~?~..+ e~K~, F~o.~d., o. «d... H,. w~ of THIRTY FOUR.
THOUSAND TWO HU~DRED AND NO HUNDREDTHS---•-••--oowRS a 34, 200. 00 ~
,o~~~,,. ,~d, i„~.~,,, ,ti.so„ ,s h.,.t,,;~.. sund ~+w~,f,y ~,r~tm.m. of TWO HUNDRED EIGHTY SEVEN AND
O1 / 100-----•-oo~ues cs 287. O1 ~ Tt,. f•rs~ +~n.i~m ~+.n b. a~,. «+e Pay.~. o~ tenth
i d•r ~ November, ~9 ?5 «+d .vbseauen+ insu~in»~a sl++n b. d» +~a wr+~• a^ tenth
E day oi ~acA ~nd ~ye~y cal~ndar momh thsrt~fnr until tM prinapd and interist w tully p~id.
~ 4ryer swns nwy be p+id at u+y tims, but th~ p~ym~nt of •ny such lu~ sums in add'Aion to tl~ P+Yn~nMS Mrsin raqv'u~d shaU
~.wt nti~v~e tM maken of th~ p+ymeM of the momhty instaltmarNS haein provIded for. ~unlas it k sp~a'fkaHl? stipulaNd by tl~ nwken ~f th~.
~ t~~ne of payment that such luyer sums ae to be ~pplied to tM adv~na p~Y~+t of thf rtwnthlp in~tdlmeMa„4~xt roaturieg in tl» adN d
~ tl+sv du~ dates- All p~yments mad~ upo~ tha note shall b~ applied fint to tM p~ynw?t of ~ccrued interat and s~condM' ~+Pp~ t~ P~~- `
! iba oblpation ahaN bea? interest frorn daa st the rab of ~~IIlri@~~ Pw 9. 0~) f
I pe. N?num v~til th~ ptintipal ~nd int~ntt ar~ ivlly pald.
~ In»rst fw ~~ch ulenda month sh+ll be accru~d on ths fint d~y of ssld month and be oomp~rled on tlr unPaid blann of principa~
~ and interest exist~np on the lut. day of the precedir+g month. This rate sMll be oor?sidered in default when anY paYm~nt rcqvired to be m+d~
, ~ herwnder sMll not haw been m~dt by its dus d+~te ~nd sMll remau~ in default until said .payment shall have bsen made. Whik in defauh,
! this ~ioro shall besr interest at tl~e wt~ of 10% pa~ annum in lieu of the r~t~ hercinbefore apecified.
~ All maken ~nd endorsea raw w hereafte~ becoming parY~es hereto jantly u?t! severally waive demsnd, notice of non-payment ~rd
j protest, and agree th~t in the eve~t of d~fsuh ~n the payment of any installment dve hereundcr fw ~ period of thirty (30) days the whok of
said indebtedness shall therevpon at the option of the holder, become immsdiately dve snd p+ysbk, u+d if this note becoma in defavk and
is plaad in th~ h~nds of an attomey for collecYan, to pay reasonable attorney's fees +nd other cosb inclvdinp oosb and atto?neys fees of
Appefl~te Cowt Proceedinpa for msk'ug such collection. .
7his nots may bs prep+id in whok or i~ psrt st any time without penslty. -
~ ; . - s/Ra,ymond E. Schweikart, Jr. .~u
~ . _ Raymond E. Schweikart, Jr.
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f s LVi~zni~ R~ Schweika rt ._._.~cs~w -
i Vir a R.y chweikart
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E ~(ff~is nbtt 's secwed by • nar~pap~ oi ewn dare s~ucw~d by rM en~n in iavor of Conrnunify F~der~i S~vi~gi ~nd toan Assn. of Aiviara Stsd+)
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and shall promptly perform, comply with, and abide by each and every the stipulaiions, agreeme~ts, conditions, and
covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void.
AND the Mor~gagor does hereby wvenant and agree: . ~
io w1 all and sww~*? fh~ pincipd ~nd inhnst ~nd oth~? sums d ~wnM o+flabte b~r v~rtw d said praniuary nW~ snd Ihis mwtqpq w~idrr. O~Pth~
on M» d~» ?~wM, q» wwie a«~r~llp wwr d~».
l. to paY dt and s~~y~.IM eAe, t~aes, ~ssessments, lev~es. I~abbl~~~es. oblqahwn and .ncwnb~ances of wery ~arwe on sa~a oeur~bed poprry each and every
when dw and pay~Dle xcad.nq ~o law, b~twe ~Acy becwne del~~+puen~, and ~ht sa~ne shall na be pranp~ly pa~d N~e Mo.ryaqee ~naY M+Y ~ime eiMer befae
a(u~ deLnq~ency pay ~Ae same w~~hout wa~v~e~q O~ atlKt~nq ~he optwn to Iweclose. o~ ~nv r~qht Aer~veider. snd evny Wy~nen~ w msde shall bear interqf fran
~~e dare ~hereol st the rsre pov~ded ~n sa:d pom~ssay no~e.
~ 3. To keep the b~ild~~s and all equipmcnt snd personal property now o~ hereaNer on sa~d pemises, cwered by rh~s mwtgsqt. insured in-• sum al lu~t
eqwl to tM vnpaid b~lanc~ of this rnoTtpsqt, includin9 iire, flood ~¦tende~ coveraqe, vsnd~l~i.n; mat:c~ous Inixhief. ~~d any other covda9e rpuir~d by the
~ morty~pae, as to properti~s other ~han dwellings, and fire, flood, eatended cwerag~, speusLfwm ofher-perils ~nsw~nce, md any orha coveraye rp~ind by
~ the morty~~e, on dwellinqs efiy~bk fa wch bro~d~ned cove~aye - wovidsd, howwer, ehat s~ch irouraoce be in sn amo~nr s~fiic:ent ro compty with ~ny co-
~ inswst~c~ requiremu~h COVlrirg sam~ und~r d» I+ws of the Snn of Flwid~, and provided (vrtF~ th~t the po1kY w policies shsll b~ wrinen in s conqsnY w
~ companies and thro~gh an aqency saYsixtwY to the Mortpsqee ~nd thaf ssid policy a policies sh~tl b~ held by the Mwtya9ee u+d shsll bes~ • sts~~d N~w
Vdk Mutqs9ee Cls~se w~thout connibvtan, rrwkiny Nx loss Vnde~ ssid policies pay~ble io rM Mortqagee as irs ~meresr maY +ppear; and ~n ~M event any sum ~
of money becomes WY+~~ +ny s~ch policy a pol~c~es. the Mortysye~ shall haw the oOtion ro rec~~ve u+d appty the same o~ accovm of the indebtednKS dQ
her~by secwed, or to permir ~he Mutp~yor ro ~ace~ve si+d ~se ~t, w~ny part thar~of. (or orher purposes, w~N+out Me.cby w~~vinq w~mps~r~nq anY equity. IiNe. ~~p
o~ riqht under and bv v~rt~e o( this mwf9+qe: and ~n rhe ~venr tM Mwfpapa does not comDM wiih ~h~s covenam, the Mu~yayee may plx~ and D+Y ~u such _
inswsnce, or snY part thsreof, withaA waivinq a affectirp tM option to iw~clos~, a ury riqhr Ixrevnder, and rAe f~ll artw~nf of eac1~ ~nd w~ry svch p+Ym~nt
sMll bt imn~di~»y dw ~nd papabb, u~d sh~ll bear inter~st irom tM ds» tlrreof unt7 Wid at tM def~uM r~b prwided in said not~ ~nd toq~ther with wd~
interest shall M secwed by the lien of thi~ morpp~. Inswanc~ coveriey th~ peril of flood dsmay~ shall be ~s required bp ~M Fedenl D~saster Pro»etion Aet ~A
of 1973, a a~nd~d. ~nd mwfp+pw cov~nri snd +y?ees to oo+nph in all resp~cri with tM provisioro thereof.
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~ 1. That mortgagee maY, at any tims d~rinq ~M mwtqpe lerm. ~nd in its diuretion. ~pply fw renewal oF mwt9gt 9~w+n1Y insw~nce coverieg /M
morrgsge e,~ecuted by the undersi9~ed on ev~n dsa I+erewith, paY the premivms due by rcason thereo/, uid rspuire repsyment bp Ih~ wde:siynrd o( such L~/
amovnh as a~e advanced by +a~d rr.atyaqee. In rhe event of failvre by the w~deniyned to repay said an+ounri ro said mort9apK, such failure shall be con- ~
s~dered • deh~lt, and alt wov~sions of rM no~e a~d mwtyay~ w~th r~gad to defwlf sh+~l be applicabk.
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S. To pu~b can~rrt a suffw no wuN. ~Wir~rrnt a Aq~IiO/NiOf1 OI Nid prOpMty, w anY oui tMr~oi. ~nA uv~ M~e t~ilwe d~tlN n~orty~qor w keeP ~M
bi~ld:ny~ on wid pop~ny in pood ca~Gtion of r~pair. ~M Mafq~qw rw„r d~mw~d tM imnwdim r~pa:r of said buwld:nqs, o? an incre~w in IM arnamt d s~cw:ty, a
tM inrn~daN r~wr~~ of tM d~M AenM a~cw~d and tM failue~ of tM MortWVO? b eawPhi with s~:d d~nrnd oF tM Mwfy~qM Iw • pwied ot M~irtn
d+ys. shall eororinm • b~ad~ of ~hi~ morto~~. ~nd. N tM option of Nr Mortpayw, ir.v~wdaNly mn~x~ iM ~min ~a of Wie~Np~l ~++d inar„i 1+a~br
t~twtd, ~nd i~n~^ed.aniy ~nd witt~wA noliel. dM Mo~ly~pN may fro~iArN potMdiny~ b fa~cloi~ Mi~ enwlqp~ ~nd pply }ot 1M ~pPantmem oi • Rec~ivw. ~f
Fa.~ ~.~.,~,~.a. .
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