HomeMy WebLinkAbout0639 - S
TO HAVE AND TO HOlO the same, together with 1he tenements, hered~~aments and appurtenances, unto tfie
Mortgagee, in fee simple.
~ AND the Mortgago~ dces hereby cove~ant with tha Mo~tgagee that he is indefeasibly sei:ed of said land in iee sim~le,
that he has full powe~ a~d lawful ?ight to convey said land in fee simple as aforesaid; that it shall be tawfui for the
Morlgagee at ail times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land ia f~ee
from all incumbrances; that he will make suth funher assurances to protect the fee simpfe title to said land in the
Mo~tgagee as may reasonably be required; that he doe3 hereby fully warrant the title to said land and will defend the
same against the lawful claims of all pe~so~s whomsoever.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which fhe
fallowing in words and figures is a true copy, tawit:
~ COMMUNITY FEDER/1~ SAVINGS AND LOAN ASSOCIATION OP RIVIERA BEAtH
~
! ~~r#~tt~P ~D#¢ .
i
I RIVIERl1 BEACH, FIORIDA December 1?, ~9 ?5
beir?p indebted. fo? v~lw rcceived, ths v~de~spn~d pintly ~nd severally promise to pay to COMMUNIiY fEGERAI SAVINGS AND
j IOAN ASSOCIATION OF RIVIERA BEACM at its offict in tht City of Riviera Bexh, Pbrida, w adtr, ~h~ swn ofTWENTY THOU-
; SAND AND NO HUNDREDTHS----------------------------- °~S ~20, 000. 00 ~
' royedwr w~rh ~me.n~ ~hsreo~ as hers~n~te~r seaed tn ma+thy c~au~,.m, ot ONE HIJNDRED SIXTY FOUR AND
~
; 43 / 100 --------oo~utts (t 16 4. 43 The fin t irKtdlment shafl ~ dw and piy~bk o~ +~+e tenth
~ d~ of Janua r i9 76
r }I~ aed subssquenr tr?tt~ll~nertts sh+ll be dw and psyabl~ a, ~e tenth
~ day oi each and ~very cakndar montn thereaher until the pri~cip~l and i+?terest ~rr fvlly p~id. •
; luger :vms may bt paid ~t ~ny time, but the p~yment of •ny such larger sums in ~ddition to th~ paymcnts herein requinrd shall
not relieve ihe makers of the payment of the monehly irutallments herelo provided fa, unleu it is specifiullr. stipul»ed by the maksn st the
?~me of p~ymeM that sucl? lar9er swns are to be applied to the adva~ce psymeM of the monthlr Irotallme~ts next m~twiny in tht wd~r of
~ rF~eir due d~~es. All payments m+de upon this note shall be applied fint to the payment of ~cuwd interest and iecondly upon the principa~•
' This obtiy~tion shall besr inte?est from dNe ~t Ihe rate of eight and t~ree/quarters ptr ant ( $.?~j 'X~
~ pe. ~nnum until the principal and interat ut fully p~id.
I
j Interest for each c~lendar rtaMh shall be accrued on the first day of said rrw~th a~d be oomputed on thC unpaid bal+nce of principsl
~nd interest existing on the last day of the preceding month. This note ahall be considered in default when any p~ymtnt ~equired to be made
hereunder shall not have been made by its due dste and shall remain in default until said payment shall have bten made. While in defsult,
this note shall bear interest at 1he rate of 1096 per annum in lieu of the rate hereinbefae sptcified.
All makers and endorsen now o~ F~ereafter becom~ng parties hereto jointly and severally waive dema~d, notice of non-payment and
protest, and a9ree that in the event of default in the payment of any in:tallment due hereundcr 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, s~d if this note becomes in default and €
is placed in the hands of an anorney for collectwn, ro pay reawnsbk attwney's fees and all other costs inctvding costs u~d attorneys fees of i
~ Appellate Cowt Proceedinps for making such collection. ~
~ This note msy be prepaid in whole w in psrt at sny time without penalty. #
~ ~ . _s_l Cas ~e~_ LaPonzina __.~sewu a
_ . Casper La1~onzma. ~ ~ ~
, ;
; , :
, ; --------------ts~W .
~ ~ . . . . . ;
~
! i g~yira T.aPnn~~---------- ----•--•(SE/?U ;
i ~ Elvira LaPonzina ;
~ i (SEAI) ~
t 1(Tha' note is searred by • mortpaye ef even date executed by the m~kers in ir•~or of Community Fedenl $avings ~nd lo~n Assn. of Rivien deKh) ;
~ ~ .
t _ ~
5
and shall promptly perform, comQly with, and abide by each and every the stipulations, agreements, 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_ Mortgagor does hereby tovenant and agree:
1.-'To par d1 ~nd siny~lar t?w princip~l ~nd inhrpf ~nd other svma of nw~er wr+ae by v'vhre of ssid promissary note and this mortq~y~, or eitMr, pompfly
o~ th~ d~ps nsp~ctiveN, the same s~versllp coar Ew.
~
l. To paY sll and i~nq~la( +he ra.es, asaessmemf. lev~es, I~aMhnes, obl,g~t.o.~s and .ncumWances of ~vcry narwe on sa~o ~escnbed proptrty exh and every
..?.~n d~x ~nd wr+ble xcad~nq ~o law. befwe ihey beco.oe del,na~em. and fhe sa~r.e n~all no+ bc o•w*~P~Ir oa~d the Morrqaqee may sr any i~me eid+er Eefo•e
~ a1ie. del~.puency paY ~he ~ime w~d,aur w~~nnq w affcu~nq Me opnon ro fo.edose, a anr n9~r Aerou.+de~.-a^d ere~Y PaYmene so made shaN bear mtrreat from
•^e Ca~e +h~reo} at ehe rare por~ded +n sa~d pom~~sar ^o~e
3. To keep the buildinys and all eqv~pmenf +nd pe~sor.al poperry now o~ hereafter on said prem~ses, covered by fhls morrqage, mwred ~n a surts •f I~~st
eqwl ~o the unpa~d balance of rh~s ma?qsqe, ~ncludtny (he, f:ood, e.~ended coverage, vandaGim, mai~c:ous mischieF, and any orher coverage required by the
mortgsgee, as *o properties other than dwtlLngs, and f~re, finud, e¦rended coverage, spec~al-form othtr-penls ~nsurante, and any otFer coveraqe req~i~td by
rhe mw?y~qee, on dwellings d~g~ble for sucA broadened coverape - provided, however, !het such ~osurar~ce be m an smounr wffluent ro comply w~tA any co-
~ ~nsvrance reqvirernenta wver~rg same ~nder fhe Ir+~rs of tAe Srite of Flaids, ~nd prov~ded further that the poiicy o~ poliues shall be ~writren ~n s comp~ny a
A~~ companies and thio~qh an aqency Sili1~M~01y to ihe Mortgaqee and tfiat sa~d poGCy or poficics shill be held 6y rhe Abrtqagee and shatl bes~ a srandard New
~ Vo~k Mortq~gee C~s~x w~thout contrcbue~an, mak~~g the loss ~nder sa~d polic~es paysbte ro t!x Mwtqagee as its ~nreresr may appeer; snd ~n ~he evem any svrrt~
~ of money betomes payable voder aoy such poGcy eI polic~es, fhe Nbrtyagee shall hsve the option eo recerve and apply the same on xco~nt oi ~1~e indebted:+tsaM
r
~ hereDy sec~red, p to permit the Mcrtgagor b rece~ve and use ~t, w any part thereof, iw other purposes, w~thout thercby wa~vfnq or Impa~r;eq any equ~ty, lien,~' ~
~ or r~qht under end by v~rtve o~ this mo~tgaqe; and The e~cnt tlx Nbrt ~
~ q qor does not comply wirh rh~s covenant, rhe M.ortgaqce may place and p~y for s~ch~
~nsvrance, w sny par? ~hereof, witMovt waiviny w sf(ecnnq the optioo to iweclose, w any iiqhr F~ereonder, and•rhe f~ll amounr ot each snd evtry such wY~~t
~ shall be immediateFy dw ~nd paYsble, and ahall tear ~nte~est from the d~te thereof u~t~l pa:d at the default ~ate provided in said r+ofe +nd together with fuch ~
~ interat shall be sec~red by the lien ef this mortg+9s. ~nsw~nce cover~n~ ths pcril of flood damaqe shall be as req~ired by the Federal Oissster Protection Act i
~ of 1973, u as ~mended, and mutyayu covensnh and aqrcts ro comply in sll respects with the provisions the+eof.
~ ' ~
~ 4. Tbat mortgagee may, ar any t+me during ~he mwtgege te.m, and in ns dixretion, apply ~or nnewat of morrgaqe gvaranty i~wnnce covering the ~A
'
.ncrrgaye e+ec~red by t~e undersigned on evm date herew+th, pay the prem,~ms dve by reason therwf, and require repaymeot by the undeni9ned of such :.~.i
amo::nrs as aro advanced ey sa~d mar.gagee. the event of /s~~v~e by rhe ~edersigned ro repay said amoonh 1o ssid mottyagee, s~rch failvre sAall be can• xf~
~ 9age w~th regad to de(avtt shall be appfica~le.
s de.ed a de(ault, and a~l orov~s~ons of the nole and mort ~~p
.:+c0
~ S. To perm~+, canrut a ivff~? no wua, i~nq~nr.em br d~riaHion of"said Drop~.ty, w~ry out rhNeol. ~nd upon ~M /~~Iw~ ol tM mwtpapw ~o k~ep NN
~ p~ild~nq~ pn said popaty in pood cond~tion o( rpair, tM MOr1y~yN nrY dertynd fM immed~at~ ~ew~r of u~d b~~ldnqf, or ~n'irwe~s~ in tM ~mpint o( ~ec~rity, a
~ Nr i~wn~d~~N rep~ymer» ot ~M debt haeby ~ecwed a~d tM f~ilw~ of Nw Mor~y~po. to comph w~tA said d~nd d tM Mw~gaq~e iw • pe.iod of th~rfy (~0)
'dw~, sMU canstirut~ a breach of this mw~q~qe, s~+d. ~r N» optan o/ 1M Morty~pe~, imm~dNely rrwpxe ~1» entin oI p~ncip~t and inNrKf htreby
i~cw~d. ~r~d :TMel~M~ly •nd wnlwN nolic~. 1M Malwq» m~r iosfihM poc~ed~nq~ ~o /w~cfos~ this mat~p~ ~nd pply }w fh~ ~ppoin~m~nt ol ~ RK~rvN. p
F~.~ ~.~{ft• pr0-.,!7tt~.
_ ~ ~ - ~ ~~-s: ,..zs~a Y- ~
r,:~''~,~~,~ _ ~ r
_ ~ =r~~-~~' , ~ ' ~ a