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Home My WebLink About0417 7'O HA~'E.AND TO tiOLD d?o sauie, togethor with t6e teoements, hereditauwuts aad appu~tr~~a~~ccs, uuto the Mortgay~eee. In fue ti~npk. ' AIVD the MoKgagor does heceby eovenant with the \~or1gAgee tt?at he is inclefea:ib~y seizexl d saicl laad ia fee simpie, that he hat full power and lawful right to convey said land ia fee simple a~ afonyaid; that it~ be Lwful for the Mo~tgagee at all t~aespca~a bly und quietly to eate~ upoa, hold, occupy aud ea said lancl; tlwt said larxl is froe fAm all incumbranoes; tbat he will anaka such further ~?.uurances to pcotoct the [ee siu~ple title to nd in the Mort~agee as may reasonably be renuired; that ho doas heccby fully wsrrsat : the titk to said laad aad will clefend the same against the lawful daims of aU persa~s whou~toaver. PROVIDED. ALWAYS, tt?at if the Mortgegor shall pay unto thc I1lori~agee the certain pmmissory note of which the following ia ~ ~~•ords nnd Eigures is t M~e coQY, to-wit: t ~ } QOMMUNITY FEDERAL SAVIIVG3 AND LOAN ASSOQATION OF RIVIERA BEACH ; i # ~ ~ort$tt~e ~To#P ' I . ~ RiVIEM BEACH. FLORIDA May 28, 19 ?6 i ~ Being uxlebted, for ~•alue received, tbe unde~sigued jantly and severally piomise to pay to COMMUNITY FEDERAL SAV- - ~ lIhGS MD LOAN ASSOClA7'ION OF RIVIERA BEACH at ib office in the City of Riviera Beach, Fbrida, or order, the sum of ~ j THIRTY EIGHT THOUSAND AND NO HUNDREDTHS-------- ~L~~ ~~8, 000. 00 ) ta.•e•ther ~vith interest thereon as hereiaafter stated in monthly iastaqu?ents of THREE HUNDRED TWELVE AND ; ~L% It~u------------------------------------------------ ~:.:.~.°s ~~322. ~2 ~ The first installmcut shall be due and payable on thc 1 ~tll ~1aY ~ ~November, ly 'T(~ 1 ~ and subseqaent installments shall be due and payable on tbe l Ot~l day of each and every calet~dar inouth thereafter i ~mtil lhe principal and interest are fully paid. i j L.ar~cer suau may be paid at any time, but thep~ yment oE any such larger sums in addition to the payu~ents l~rein re- yuired shaU not relieve the makcrs of ihc payvx~t of the monthly inctall~nentt herein provided for, unless it is specifically stipu- latctil by the makets at the time ofpa yment that such larRer sums arc to be applied to the advance payment of the monthly uutall- ° ~ nxntc next uiah~ring in the order oE their due dates. All payments niade upon this note shall t?c applicd fint to the pa~~nent aE t ~ acrr~tt~l interest ancl sccondly upon the principal. Q I 'fhis obli~ation sl~all bear interest from date at die rate of eight & three/quarters~~ ~~t r 75 ) ; p~•r .uinum until the principal and interest are fully paid. ~ l~terest for each calernl:u nwnth shaU !~e arrruecl on the lirst ~i:?y ot s:+id month arKi i~e computeci on ine unpaid i~aian~r I principa! and intenst caistinq on tLc last day of the prec~eding monlh. This note sha0 be considered in detault when anypa y~- I u~ent rrquired to be made 6ereunder shall not have bcen made Ly its due date and shall remain in default until said payment shall ~ ha~•c bccn wade. While in default, thit note shall bear interest at the rate of -ten- cent ' ( 10 96 ) per annum in lieu of the rate hereinbe.fore specified. _ i All makers and erxlorsers now or hereafter ~ parti~~ hcreto joindy and sc~•crally wai~•e demand, notice of iwn- p:~yuient and protcst, and as;rce that in the event of defau t in the payinent oF any installinent due hereuncler for a period of tt~irty l30) days the whok of said indebtedness shall t6ereupon at the option of the holder, becrnne imnx~liately due and pay- able, and if this note becomes in default aad 'u placed in the han:ls of an attorney for collection, to pay reasonable attorney's fees : ~ and all othcr costs includinR casts and attorneys fecs of AppeUate Coud Proceedings for makinR such c~Uection. =i This ~wtP may br pmpaid in whole or in part at any time ithont penalty. ~ _ (SEAI.) SlJack_A~ _~CDOIIald (SEAL) ~ Jack A. M,acDonald i ~ ~ ~ _ (sEAL) s /Antoinette_ MacDonald rs~~[.) : , Antoinette MacDonald ~ ' ('I7~i, ~?ote is s~r~u~Yl bp a n~rt~aKe oE even date exrcuteel by the ueakers in fa~ur of Caiununih~ Fecleral Sa~in4c and Loan Assn. ~ ' of lii.;~ra R~•ach ) ~ ; I ~ ~ f[ ` ? P :~nd shall prom dy perform, comply K•ith, and abide by each anJ c~•ery the stipulations, agrcements, conditions, ancfi cm•enants of said prom- i ~ issory note of this deed, then the estate hemby cmated shall cease anci be null and void. ; i ~ ~ A;~D the 111ortgagor dces hereby covenant and agnee: ~ I ~ 1. To pay all and sinRular the principal and interest and ~her suuu of ~noney payable by ~~irtue oE said promicsory note and this u?ort- ; eaqe, or either, prompdy on the days respectively, the same severallY come due. t ' 2. To pay all and singular the tazes, assessments, levies, liabilities, obligatians and enciunbrances of every nature on said desrribed prop- ~ :•rty each and every when ~lue and payable acconlir.g to law, befom they become delinqueat, and if the same shall not be promptly paid the I?lortgagee may at any time either hefore or after delinquency puy thc same without waiving or affecting the option to foreclaae, or s ~ny rit;ht herennder, and every pa7-ment so made sha11 beaz interest from the clate thereof at the rate provided in said promissory note. ? ; 3. To keep the buiklings and all equipment and personal pr~opeerty now or hemafter on said premises, rn~~ered by this mortgage. insurecl ? ~n a sum at least equal to the unpaid balance oE this mortqage, includin~ fire. floocl, e:tended coverage ~•ancialism, malicious mischief, and s x any other coveraqe rec~uired by the modgasCca , as to pmperties oiher than dv~-ellinqs and fire, flood, e:ten~ed eoverage, special-form other-perilt - insurance, and any other covrra~e rec~uired by the mortagee, on dwellings eli~bfe for suc6 broadened coverage- provided, however, that ' si~ch insurance be in an amount suffi~ient to comply wid~ any co-insurance requimments covering same under the laws of the Strte of Florida, - 's ~ ~nd pro~~ided further that the polecy or policies shall be written in a company or companies and through an a~ency satisfactory to the Mort- ~ ::agee and that said policy or policies shall he held hy the ~iodgagee and shall bear a standard New York I?tortqagee Clause without contribu- 5 tion, makin~ the loss u~xler said policies payable to the Mortp,agee as its interest may appear; and in the event any sum of money becomes payable uncler any snch policy or policies, the ~~origagee shall have the option to neceive and apply the same on aecount of the indebtedness h~reb~• secured, or to pem~it the 11ort~aAor to recei~~e and use it, or any part thereof, for other purposes, without thereby waivinq or impair- s inx any c~aity, lien, or nght under a by virtue of this moriKaqe; and in the event the A~ortgagor does not comply with this rnvenant, the ; ltortgafqee may place and pay for such insurancr, or any part thereof, without waiving or affectinR the option to foreclose, or any right here- under, and the Eull amount of rach and every such payment shall be immediately due and payable, and shall bear interest from the date ~ ~ !hereof until paid at the default wtc providecl in said note and together with such interest s}?all be secured by the lien of this mortgage. Intur- ~ ance cavering the peril of flood damage shall bc as required by the Federal Disaster Protection Act of 1973, or as amencled, and mortgaRor ~ covenants and agrees to rnmply in all respects w~th the pro~isions thereof. ; ~ 4. 'I'hat mortRagee may, at any time durinR the mortgage term, and in its discretion, apply for renewal of mortp,age ~~aranty insurance c o.•erinA the mortRaqe e:ecated by the unclersiQned on even date herewith, pay the premium due by reason thereof, and require repayment ~ by the undersi~pned of such amounts as are advancrcl by said mnrttCapre. In the event of failurc by the undersiEtned to repay Said amounts to ' ~ai~l mort~taqee, such failure shall be consic'ered a default, and all pm~isions of the note arxi mortaage with refiard to defaalt shaH be applic- ~ able. ~ 5. To pem»t, commit or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon the failum of thc ''a ~ ~rwrtga~or to keep the buildin¢s on said praperty in good condition of repair, the `lortgagee may demand the immcdiate repair of said baild- R insc~, or an increase in the amnunt of security, or the immediate repayment of the debt hereby secured and the failure of the I?tortp,agor to com- ply with said dema~~ of the \tort~aKec for a perial of thirty {30) days, shall constitute a bmach of this mortKaKe, aod, at the option of the f ~tortaa~ee, immediately mature the entire amount of principal and interest hrreby secumcl, and immediately anil without nutice, the ltortAaqee ~ ~~:ay inctitute p~oceeclin¢s to forcclace this mortRa~e arx) apply for th~ appointrnent of a Re•cei~•er, as hereinafter provided. ~ ~ ~ - - - _ _ _ _ - ~