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Home My WebLink About0031 . ~ - ; TO IiAVT AND TO HOLD tho sauie, together witb tLe tenaments. heraditaments aad appurteuances, w~to tbe rio~tgagee, ia fee simpb. AND t6c -Mortgagor does 6@reby covenant with tLe I~ioct~agea that he is uxlefeasiWy ceirxd of said Iand in fee simple, that he ha= ; tull power aad lawful right to rnavcy said k?ad in feo simpla as aforc~uid; that it shall be lawful for the I?lortgagee at all tlu~espeao~ b~ ; und quiedy to eater upon~ hoW, occupy and w~oy said land: that said land is frea from all incum~ranoes; that he will make such further • assuranc~ to protect We fee simpla title to said land In the Mortgagee as ma~r reasonably be required; that he does hereby fulty waRaat ; tl~e titk+ to said Iand and will defend t6a same against the lawful daims of all persoas whan9oever. PROVIDED, ALWAYS, that if the I?lortgago~ sl~all pay unto the rlortgagee t6a cert~in promissorY noto af which the following ia ` i ..•ords aad figurea it a tn~a coPY. to-wit: ~ ~ DOMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RMERA BEACH ~ ~ ! ~ar#~~$E ~~#e ~ ~ ~ ~ RIVIEM BEACH, FLORIDA April 29 ~ 19?(i ~ j Being Indebted. fo~ value received. the undersigned jdntly a~ scveraUy pmmise to pay to COMAfUNITY FEDERAL SAY- i-INGS AND LOAN ASSOCIATION OF AIVIEM BEACH at its office in the City of Riviera Besch. Florida, or order. the sum of ~ TWENTY-FIVE THOUSAND AND NO HUNDREDTHS------- 25, 000. 00 ) ~ ~ touether with interest thereon as heremafter stated m utonthly installuients of - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ~ ~ TWO HtTl`'DRED ONE AND 31/100ths--------------------- ~;201. 31 ~ The first inttallment shall be due and payabk on the j ~ th day of J ut y 18 ~ Ei t ; and subsequent installments shall be due and payable on the l Ot~'1 clay of each and e~~ep• calenciar month t6ereafter t until thf Principal and interest are fully paiu. I.arger sumt may be paid at any time. but thepa yment of any such larger sums ia addition to die payments Ix:rcw re- quired shall not relieve the makers of the payment of the monthly installments he~ein provided for. unless it LS specifically stipu• = ~ Inted by tl~e maken at the time of yment that such larqer sums are to be applied to the advance payment of the monthly install- ; e . I mcnts ne~t mah~nng m the order o their due clates. All pay~nents uiade upon this note shall he applied first to the payment of ; ~ an•rned interest and seconclly upon the principal. . i This obli~ation shall bear interest from d:?te at the ~ce ot e i gh t and one -half per cent ( 8-1 / 2 ;7~ ) ~x~r :innum until the principal and interest are full~• paid. ]nterest for each calendar month shall ik accrued on d~e firsi c1aT of said month ancl be computed on t6e unpaid balance 3 of principa) and 'urierest eaisti~g on U?e last day of the preccding moath. This note shall be considered in default when anypa y~- ~ i ~nent rc~uirecl to be made hereunder shall not have been made hy its due date and sha11 mmain in default until said payment shall ~ have been macle. VYhile in default, thit note shall bear interest at the rate of ten- - p~'r cent ~ ' ( 10 `J6 ) Per annwn in lieu of tLe rate herembefore specified. ~ i t I All mal:ers and enciorsers now or hereafter becoming parties hereto yointly anJ severally wai~-e den~and; ~wtice of non- ~ ' p:?yment and protest, and a~nee that in the e~~ent of default in the payment of any installment due hereunder for a period of ~ ~ thirty (30) days the whole of said indebtedness shaIl thereupon at the option of the hoMer, become immediately due anci pay able, and if this note becvmes in default and is placed in the hands af an attorney for coUection, to pay reasonaUle attomey's fees , ~ ar?d all other eosts ineluding coats and attorneys fees oi Appellate Court Proceeclinqs for malang such eollection. ~ • This note ~nay be prepaid in whole or in part at any time ~~~thont penalty. ~ y I ~ I ~ 7 ` ~ ~SE:?L~ _ /s/_Louise Henderson = i i - (SEAL) z Louise Henderson 1 ~ ~ s ~ j - - (SEAL) _ - - (SEAL) : ~ ~"Chis uote is securcYl by a modRage of even date eaieeutecl by t!ir n~ak~rc in fa~•or of Comn?unity Fecleral Sxvinqs ancl Lo:m Assn_ ` ~ of Ri~~era Be ach ) ' t ~ ~ ~ ~ - - - - - - - - - - - ' :md shall promp ilype rfonn, comply w~th, and abide by each and every the stipulations, agreements. conclitions, and co~•enants of said prom- issory note and of this deecl, d,en the estate hereby ereated s6all ce:ue ancl t~e null and wid. AI~D U?e riortgagor dces hereby covenant and agree: 1. To pay all and singular the principal and interest and other sunu of r.wcey payable by ~irtue of said promissory note and this mort- eaRe, or either, prompdy on the days respectively, the same severallY came due. 2. To pay all and singiilar the taaes; as.sessments, levies, liabilities, oblig,ations and encumbrances of every nature on said described prop- ~ ~ rty each and every when due and pa}•able according to ]aw, befom t6ey bec»me delinquent, and if the same shall n~ be promptly paid the Mortgagee may at any time either before or after delinyuency p~y the sarne without waiving or affect~ng the option to foreclose, or ~ ,m• rip,ht here~mder, and every payment so made shall beaz interest from thc date thereuf at the rate provided in said promissory note. 3. To keep thr. buildin~s and allec ~uipment and personal property now or hereafter on said p~emises, oovereci by thi4 mortgage, insured ~ in a sum at least equal to the unpaid balance of this mortgage, includinq fire, floocl, eztended wverage ~andalism, malicious mischief, and , any other coverage required by the mortgagee, as to proper:ies othcr than dwellinp,s and fire, flood, ezten~ed coverage, special-form other-perils ~ insurance, and any other rnverage requircd by the mortagee, on dwellings eligibfe for such broadened coverage- provided, however, that ~ such insurance be in 2~ amount'sufficient to oomp1y with any co-insurance requirementc co~•ering same under the laws of the Siate of Florida, ~ and provided further that the policy or policies shall be written in a company or a~mpanies and through an ageacy satisfaMory to the 11tort- ~ ~;agee and that said policy or policies shall be held by the :liortgagee and shall bear a stanclard New York 11lortgagee Clause withoat contribu- ~ tion, maldng t6e lo6s uncier said policies payable to the Mort~agee as its interest may appear; and in the event any sum of mo~~ey becomes ~ payable under any such policy or policies, the Mortgagee shall have the option to receive and apply the same on acrnunt of the indebtedness ~ hereby secured, or to permit the I?iort agor W~eceive arxi use it, or any part thereof, for other purposes, without thereby waivin¢ or impair- ~ in~; any equity, lien, or n'~ht under ~ b~ virtve of this mortgage; and in the event the Modgagor does not comply with this covenant, the ~tortgagee may place and pay for such insurance, or any part ihereof, without waiving or affecting the option to Eorecbse, or any right here- under, and the fall amount of each and every s~ch payment shall be immediately due and payable, and shall bear interest from the date ~ thereof until paid at the default rate provided in said note a~d together with such interest shall be serured by the lien of this mortgage. lnsur- , ance covering the peril of Aood damage shall be as required by thP Federal Disaster Protectian AM of 1973, or as ameaded, and mortFtagor ~ covenants and agrePS to oomply in all respects with the provisionc thereof. ~ 4. 'That mortt{agee may, at any time during the mortgage term, and in its discretion, apply for recewal of mortgage ~aranty iacurance : ~ co~•ering the mortqage esecuted by the undersipned on even date herewith,pa y the premium due by reason thereof, and rsqaire repayment } by the undersigaed of such amounts as are advanced by saici mortRapee. In the event of failure by the undersigned torepay said amounts to ? cai~l mortgagee, such failure shall be consic'tred a default, and all pm~•isions of ttie note and mortgaqe with regard to default shall be applic- ~ ~ ~ble. ~ 5. To permit, commit or suffer ra waste, impairnient or deterioration of said property. or any put thereof, and upon the failure of the mortRaAor to keep the buildinAs an said property in good condition of mpair the l~iortgagee may demar?d the immediate repair of said build- . inqs, or an increase in the amount of security, or the immediate re y~nPnt of t~e debt hereby secured and the failwe of the 1ltortgagor to com• ` ~ ply with said demand of the Mortc,afiee Eor a period of thirty (30~days, shal) ronstitute a breach of this mortqaRe, and, at the option of the ' ~tortgaRee, immediately mahve th~ entire arrMUnt of principal and interest hereby secured, and immediately and without notice, the ?NortRasCee i may institute proceeclin¢s to foreclose this mortgaRe and apply for the appoinhnent of a Recei~• hereinafter~~ded. f . < < { - _ _ E. _ ~