HomeMy WebLinkAbout0225 . ,~~iil :'t~i~
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TO. HAVE ANO TO HOt~ the ~ma, }o~ether~ with the ter~ements, henditament: ~nd app~r~tenances, u~ro tfi~ ~
Mortys~ve, in fae slm~+it. . . i
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~AN~ th~ Mcrtpaga doei he~eb~? oovenant with the Mortqsgee that he is indefeasibly ~ized of ~id fand in fee slmpla, !
that hs hrs fuli power anc! lawfvi ~t~ht to oanvey uid ~ia~d in f~e :impk u aforesaid; that it shail bs lawful for ths
MortQspee at all ti~nes p~aosably and qu~ty to ent~r upan, hold, oocupy and ar?joy aid landi that said la~ is froe
from ~ all incumbrsncesj that M will n~ke wch f~hher a:iurer~oes ro protvct ths fae dmple titte to. ~aid Isnd in th~
Mort~syss a~ may roe:oc~abl~r be nquinds thit hs dots h~reby fulty wanapt th~ title ro said land and 4vi11 d~fa~d tFw
same ayainst the lawful daim: of all psrsot?: whomsos~rer.
PROVIDED, ALWAYS, that M ths Mort~a~ :hall ps~r unro ths Mortgsgs~ ths certain promiuory nob of which ths
foilowi~ in word~ and fi~uns is a in?~ aopy, to-wit: - ~
COMMUNITY ~ERAt tAVlNGS AND IOAN ASSOCIATION OF RIYtHtA dEACM ~
~~rt~x~e ~II#~ .
Rrv~~? e~ar, waaci? February 20, ~+'lb
e.u~p i~d.M.d, for vdw ..aiwd. +h. vnd.~s~pn.d ioi~i~? and av...ay pron~ q ar w C~oAMI1uM~iY fEOEw?l SR?v~NG6 IwD
IOAN 11SSOGU110N OF RIVIERA lEACH ~t ih oHia in ~M Cit~r of Rivi~.a dwch, Fbridti a ord~r. ++~..wa ot ~~gTY THOUSA
AND NO HUNDREDTHS------------------------------------~~ a 30, 000. 00 ~
ap~tti.. ,~+h ~n.t d»..on as Mns~.fi~. s~a.a t~ n~tN~? tas+.u~a.m. of TWO HUNDRED FORT~ SIX AND '
65%100--------aotwts cs246. 65 n~. ftnt ~a,~.~m.i+.a e. au. ~a wr•w• tenlh . .
d.y of August, 19 ?6 and ~ubsqu~M Inqallen~eM. sl+.n e. aw .~a p.~,.bl. oe ~I+,. tenth
I day ot each and twry calMdw moml~ then~fNr until tht prindpsl and intti~tas.h~? pli~l.~ • . .
L..O.. sua~s nwy t~ wid 1n .~yr tim.. bw d+. p.ym.m of ~uch wens in, ;dai+tea a 1h. p.y~ t~u•in ..qui..d ,hau
not ~eli~ve th~ n?slurs of tht p~Y~ of tM ewnrhly iestai4~a+b lwein provided for. unMst R Is4s~Ciikillp~stipulabd by tM na4NS M tlr
rime of p~yen~eu that wd~ IarQa swro an to b~ ~pplied to the advanw paym~nt of th~ momhip insfattiy~t~~rnau ~~xig in th~ orda d
~hsir du~ dNa. /111 paymenls m+de u{~~on lhia noM ahap t~ appli~d Hrat M th~ ;~ynw+t of-~cvwd intenst and;aooedly ePp~ ~ P~~• ~
na. ob+g.tion sh.a be.. u++....~ t~w+, d,w +h. of eight and three/quarters P., o.nf t 8. ?5 x)
p~r annwn uetA tht prY+cip~l snd (nt~r~st ar~ fidt~? pdd.
In~~st for ~sch cal~ndar month rf+dl b~ ~oawd on t}ie fist day of sak! month and b~ oompe~~d on th~ u~id balanw of princip~l
and int~rest ~xbtinp on th~ last day of the pnc~ding month. TAis nots shali bt aons:~derad In dsfavh when n+Y WY~?1 r~4uirad ro b~ n+aiM
herwnd~t sMll ~+of iww bwn mad~ by its dut date and shall nmain in. d~i~ult until ssid paytr»nt ~II Mw bNn mad~. While in defavit,
this ~+ota shdl b~~r interat at the r~» of 109G p~* wawm io lieu of the ratt heninbefon specified.
All m+ken and endors~n rww or l+KCSft~r b~caniig partks hereto jointly and severally waiw d~m~nd, notia of norrp+~nt and
~ protest and ~gre~ that in ths evtnt of d~f~uh in the p~yma?t of u~y iestaliment due henv~+der fa~ a paiod of thirty. (30) d~ys th~ wFab of
said indebtedness shall tMrwpon ~t tM optan of tF~e holdRr, becane immedNt~ly due w?d piy~le. a~d if thk not~ bioomes in defavk and
f is plaosd In tlts h~nds of an ~ttwney fw- callection, w p~y ~s~sonabM ~ttwn~y's fe~s ~nd all other oosb indudiig oosfa and attornsys fe~s of
; App.~~,ro ta.t P~ooeedirgs t« m~kinp .va, co~~.aion.
n~ „w. rn.y b. Pr.Pasd ~n wiai. o. ~ Pare n.nr K~. ww+o~r ~h. . _
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_ - Robert ~ . ule - ~
'f - ; . . _ ' _ . . - ~w
` ~ ~ ~ ' s/Dianne E. Rule ~ ~wu
~ ~ianne ~t~u e ~ r.~.
_ ..~.._..._._..__ts~w
(iM ea» i waa~d b1? • maq~ of ~v~en dsa +xecwsd bp the nnk~n in fa+ror of ~osn~nily fid~rai S~vwgi a~d to~n Assn. of Riviea ~
and shall promptly perform, oomply with, and abid'e by each and every the stipulations, agreements, conditions, and ~
covenaots of said promissory note a~d af this deed, then the esiate hereby created shali cease and be null and vaid. ~
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AND the Nbrtgagor does i~ereby ocvenant and agree: ' ~
Io p~r dl and sinYuln MN pincipd aed i~np ~nd 01lw sw~r of ~qwe~r V+y+bb b~r virlu~ d fsid PrwMSwrY aote and dris ~nenq~p~. a~idw, P~OMf~
on r~. d~n nip.cliveM. qu saw~. ,.wnly oan. eiw. '
To Wl~ aN a~d ~inq~lar ~At ~a:p, ass~fsmeori, lev~es. lubilities. obl.~tioro ~nd .ncu.nbra~ces d rvery Mhirt on saro wuribsd praWrh~ suA ~ed ~y
wA«+ d~u +nd wt+~k xcad~r.q w law. b~lae Mey becon+e drl~~quenr. snd :I ~I+~ srne sMtl nor be pwprly pa:d M~c Mwppee m~y ~t anr tum eiN~n be/w~
a~ af~e. deLwq~encr wv ~ s+me wi~h«n ws:v~nq w~1(ac~i~q ~h~ op~ian w faeclou. oe any nqf~t hereunder, and e•ery papmcm w madt sh~l) bear MIHq~ froea
e~ ~re Mereol ~t tAt ra~~ pov~ded in said panissory no~e. . ' - ~ "
n! ~O
3. To kep the bvildinps u~d ~II puipmMt ~nd penonal pop~rty now a Iweafte? d+ utd pranises, cwerod bp Mis mony~ge, irnnur~d in a awn ~t !wt f\w
~ ~qw~ b tM unpsid balarw of shis mwt9pt, includirq fin. fload, e.und~d cowrp~, vandalism, mslic;ova mi~ychid. u~d any othsr cmr~ye rpu;r~d by M~t
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~ matqagM. ~s ro prop~rti~s nMMr th~n dwellings, ~nd fi.~, tiood, •xa.~ded cwNap~, sp~ci~4fam other•perils ~nsw+nce, a.:d sr.y atMr cawr~9e req~ind bp
tiw matg~y~e. on dwsllinp~ eli9ible iw such bro~dar~d tovery~ - pro~ided, howfver, that ~u~}~ inswanc~ b~ ir. an ~na~nt wfficiem to complr with ~ny co- ~ 3
inswanca rpvir~esots covKirq same ~w~drr ~he laws of flw St~t~ of fbridi, ~nd pov+ded fwN~n tMt tM vaicy a vdieias slull be written in a comp~ny a t
compaiw~s and ~hraqh ~n sge~cr satisfxrory to tM AAorgap~s an4 Nwt s~id 9olitp a~ poliun sh~l[ be hwld bY ?ht Mwtyaye~ and shall bea? • st~ndard :~hw ~
York MaqayN Cla~ne withcvt conrributlon, msleiny the Iws w+de? uid policies Ryyabb to th~ AllorTyye~ ~s ~n inreres! m~Y appear, and i~ the ev~nt arry wen i
oi nwnrY b~coeMS p~ysble +ind~+ arqr wch policy a O~HS, tM Mortq~pee sF~all haw tM opfan to rectiw cnd +py~Y tM wne on ~ccount of tAe ind~budr.eu
hanby sKured, a ro~mit ihe Mort9aqor to r~ceiv~ and ~ne it, a any put thareof, fa oth~r purposes. wiMout ehereby vrsiveeq a impsiri»~ arty equity, li~n, ~
w~iqht ~mder and by v~~tw o( rhis mwtp~ye; and i~ ehe evset tM l~lwppa doa not comp~j w:~F. Miis covensm, tH MwrD+9K ~*+Y Pl~ce ~nd pay fa wd? ;
~nswanc~, a ~ny part tMreof, wifhouf wa:vinq a~ffecri~y 1Fw optan te tw~dose, a a~y righf hecrx~r, sn~! th~ fuil smaunt o! ssch ued ewry iud+ paym~nt k,
shsu b immdta»!y dw md paysW~, and sMtl bss? intp~+t fran t!K daq th~reof until p~id st tF» dsfwh rm providsQ in aid noN ~nd topN}rt with wd~'
iM~.~s1 shsq bs Hcwd by ~M li~ of thif morfqy~. Inswsnce coverinq th~ P~?il of fbod da~wq~ sl+all b~ n nawc~d bY ~M Fsdersl ~+aaster ProNCtion M
of 19T3, w ~s amsndd, and rr.orpayw coven~nts aed syr~es ro comply in aIl rap~as with 1M prai~siau ther~oi. -
1. TMf mortp~g~e may, at ~nY time dininp the rtiortp~p~ t~tr», ~nd in its diwetion, ~pply fot ne+ewsl of enotqps yus~anry inswant~ covt~inq tM
mon~pe e~ecuted by the ~ndenipned on ~v~n date hwnvith, piy tfi~ pemiurto dw b~r rwson Nror~oi, ued rpuin r+p~rM.M b~r Nr wdacsiyn~d of tucfi
~ amounb n are ~dv~nced bv ssid mat9aqee.. M the evmf af failur~ 6y ths undenipn~d w repaY said ~mou~A to s~id morlp+pw, wcA faiMx~ ~hsll b~ con-
~ida~d a Eafauh, and slf plb~i~bA~'o~ tfw~nou and mortyp~ with nysrd to dtfault ihall be spplic~?61~.
' S. Te v~i, ea+~t a wN~r ~+o wa», i~wkswrr' w d~uriauan ai said P~aoMY, a+~Y v~?? eMr~of. wd ~Pen +M I~hw~ d M» a~,e?pper w lcMP tM' `
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buikiiqs on s~id w~~r ~ o~d eandeion of ~pw. Nw Morq~q~ nrp d~w~~nd tM i~rewi~N rp~i? ot said bwldi~OS, oi an inue~w in tM ~awM d weuri.ry, a
IM in~wNd'isN rp~ymNM ei li» d~At M?eby Nand ~nA /M 1~ilun d AM Maty~q0r b oowiOl~r wilh sad dMrnd of 1M M~.+1Y~ OK~d ef 1A'w/Y (~0~
d.,n. .h.n con.titut. . b.«!~ a1 +Ai. nw.+y.o.. .ea. s1 n» ewion a M» ~IAonysw•. ~ nwhw. IA. .mir. .~,1 ~f P~inc~od .ne inN..s~ h.r.b,?
~~cw~d. ~n+' ~r.~..+~dicnM ~•d aiu+o~r1 natin, dr Mb?p~ys~ nyy MwNh+N p+ocwdlnq~ to /oncbw M~is marty~q~ ~nd ~pl~ fw /M ~PP~antm~m cf a Rec~~wr, ~i
~i<•~~il.,, y,c.~:3fd .
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