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Home My WebLink About0425 • TO HAVE AND TO HOLD the same. together with t6e tenema~ts. beredltameob aad ~ppurtentooes. unW the MortYaBoe, ia Eee dmple. AND the Moriga8or doas heroby oovewnt with tbe Mortga gee that he ~ tadel~~y iei~ed cf aid land ia fee simple. tLat he h~ full powe~ and lawful rlght to coavcy satd laad in Eee simpb ~s afocaaaid; that it shaD be Lwful Eor the M~ee at ~ll Wncs pe~cea~ and quietly to eater upon~ hold, oocupy and foy _uid 4nd; tbat aW W~d i~ free froa4 all incumbrances; tLat w111 make such fu assunncas to protect the oe ampb titb to qld lu~d tn tbe M-~ag ee as maY re~wnabll? be ro4uired: that he doa berebY fWly warraut the title to saM laad and will defead tbe tame a~atost tLs Lw~f~il ~ic aims af dl persoas wham~oever. YHOVIDED. ALWAYS, tLat tL~ ~[at~~ ~hdl pq meu the Mortgagee tLs oeKatn pmmiuorY aote af whic6 tbe followln~ in w~ds aad figura b a ttue cbpy, to-wit: ~ I COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH ,~~ar#~tt~e ~ate i IuvIERA BEACH. PT.oAIDA May 20, 1s i Being iu~kbted, for valne received, the undersigneil jointly and severaIly promise to pty to COMMUNIIY FEDEML SAV- i WGS AND LOAN ASSOCIAI'ION OF RIVIERA BEACH at ita ~fice ia the City ~ Riviera Beach. Fbdda, or order. tbe sum of I TWENTY THOUSAND AND NO HUNDREDTHS-------------- ~=20, 000. 00 ) together with iaterest thereon as hereinaEter stated in montWy instaWnents o[ ONE HUNDRED SIXTY ONE AND 05/100-- -~OL~RS (i161.05 I ~ ~c ;~n~~ ~n ~ a~ .na ~,~b~ ~ c~ 1Oth--- ~y ~ Juiy, 1977 ~ a~ subseqs:rnt instaItaeenb shaD be duo nnd payabk o~ t6e~ I Oth day of eac6 and every cakadu month thereafter ~ until the priucipal and interest ue fully paid. i ~g~ snms may be~atd ac any c~me. bu~ chepaymenc oE any s~ la~er sur~ in addi~.on co the paymencs l~~;n r~- qulrai shaD not relieve tl~e makers ~ ttie ymeat of the monthly installmeats herein provided for, uniess it is spedf~callY stiPu- lated by the makers at the time oEpa ~~nent~that such 1ar~e* s~ms ere to be a~lied to the advance psyment of the uwnthly iastall- ments ne:t maturiag m the order oE their dae dates. All payments made upoa this aote shall be applied fi~st to the payment d accrued interest and secondlY ~P~ ~ P~Pe~• " - This obligation shall bear u?terest from date at the rste of eight and one/half per ~c ( 8. 50 96) ~ per annum until the principal and iaterest are fully paid. ~ Interest for each calendar month shall be accnieci ~ the first day of said moatb and be oomputed on the unpaid balaace ' of principal and intere~t e:isting on the last day of the precaiing mooth. 7Lis note shall be considered in default when anypa y~-~ ~ ment required to be made hereunder shaU not have been macle by its due date and shall remain in defauh until said payment shaD ~ ha~r been made. Whik in default, this nqte shall bear intcrest at tbe rate af -ten- Pe~ crnt i ( 1 ~'X? ) per amnm in L•eu of tl,e race 6ereinbeEwe speciEied. i ~ All makeis and endorsers Tww or hereafter ~ parties bereto jointly and severally waive demand, notice of ran- ~ payment and protest, and agree that ia the event of defan t in the payment aE wv iactallnnent due hereunder [or a period ~ thirty (30) days the whok of said indebtedness shall t~revpan at the option of tbe hoWer, become immediately due ancl pay- abk, and if this note beoomes in default and is plsced in the hands of ae attoroey for oolleMioo, to PaY reas~able attomey's fees and aA ather costs inchxlinR costs and attorneys fees of AppelLte Caut Proceedin~ for malring wch collection. I This note may 1~ prepaid in whole or tn part at any timie H~thont penalty. t I _ _ _ (SE~L) sJArtl~ur-$-=---Emmons ~SE~L) ; Arthur B. Emmons [ ~ . ~ ! s Mar ret Ann Emmons ~ ' - (SEAL) - - - - - - - (SEAL) ~ - - i ~ Margaret rin mmons ~ i ( This nole is securcd by a mortgaKe of even date ezetuted by the makers in fa~•or of Community Federal Savings and Loan Assn. o( Ri~icra Beach ) ~ ~ - ; and shall promptlZ perform. comP~Y with. and abide by each and every the stipulations, agreements, rnnditionS, and cm~enants of said prom- issory note and of th4t deed, the~ the estate Lereby created sha11 cease and be mdl and void. A\D tLe Mortgagor dces.lfbieb~ant and agree: 1. To paY all and singular the principal and intcrat and other sums of moneY PaYable by virt~ of said promissory note and this ino~t- uage. or eit6er. P~P~Y on the days respec.tively, the same severaUy come due. 2. To pay sll sud sin8ula* the tazes, assessments, levies. liabilities. obligations and encvmbrances of every nature on said described prop- erty each ancl every when due anJ payable according to law, before they become delinquent, and if the same s6all not be prompdy paid the Mortgagee may at any time either before or after deliaqueucy pay tlje same without waiving or affecting the option to foreclose, or any ri~t bereunder. and every paYn?ent so made shall bear interest from ttu date thereof at the rate provided in said promiawry note. 3. To keep the baiLiings aod aUe quipment and per:onal propertr now or hereafter ao said premisea, oovered by ttti4 mortgage, ius~red : in a sum At lesst equal W lbe unpaid balance of this mortga8e. u~cluding~e, tbal, erteaded ooverage vandalism, malicioiu mischief, and ' any other coverage equired by the mortgagee, as to properties other than dvrellings and fire, flood, erten~ed coveraSe. speciv-farm other insu.aooe, snd aoy other oovera~e iequired br che morcagee, a, dwr,1L'ngs eL'g~b~e Eor such breadened ooverage - Provided~ however,~that ~ such insuranee be in an air~oant sufficient w com_ plx with a~ oo-insuranoe req~rirements cavering ~me under t6e laws of the State of Florida. azid provided further that the policy oc policies s6aU be aritten in a eompany or oanpanies ~nd through an aK~Y saticfactory to ihe Mmt- ' Ragee and that said polic7 or policies s6ail be 6eW by the Mortgagee and shall bear a stindard New York Mortgagee Qause wit6out oontribn- Fz tion, malciag tbe loss under said policies yabk to the Mo~rt~agee as its interest uwy appear; and in the event any s~m ofm~e~ beoomes ~ payable under any sudi policy or policies~the Mortgagee s6all 6ave t6e aption to reoeive and apply the aame on acoount d t~e indebtedness ~ ~ hereby secured, or to permit t6e 1liortgagor to receive and use it, or any part thereof, for otber purposes. without thereby waiving or impxir- a,e ing aay c~uily. lien, or ri~ht under and by virt~e d this morlgage; and in the event the Mortgagor dces not comply with this oovenant, the o ~ ~tortgagee may place and paY for such iruurance. or any part thereof, witho~tt waiving or affecting the optioa to firerlose, or any rigl~t here- ~'v under. and tLe Eull amo~~nt of each and every s~h payment shall be fmmediately dae an_d~a yabk, and shaD bear interest from the date thereof until paid at the default rate prmided in said aate and together with snch interest shall be securedby the lien of this mortgage. Iasun ~ a~ p~~i d~mage shall be u req~dred by the Fede~al DLsaster Protectioa Ad of 1973, or as aaieaded, and m~gor ~ covenants a~ agrces to ooanply in aII respects with the prwisioas thereof. 4. 7'6at morcgagee may. at any time during t},e mortgage cerm, and in ics d;scret;on, apply for renewal of~ mo~cgage guarancy insurance coverio8 the ~Se ~erutai by the undersigned a~ evrn date 6erewith, pay tbe premium due by reason tLereof, and re9~ ~Y~ ~ ~ by the andersi of such amounts as are advanced by said m~?rtga~ee. In the event of failure by the undersi~ed to rep~y said auiounts to said mortgagee, such fWure sha~ be conside~d a defauh, and a1) provisions of the note and ~n~tgage with regsrd to defanlt ahall be ap~i~ ~ able. M~ 5. To permit, oommit or taffer no wa~te, impairmeat or deterioration of saidprope , or ~ny part thereof, and aPoa the fail~re a~ the ~ mortgagor to keep tbe buildings an sajd property tn good ooodition of repair the Mc~t ~~agee may demand the immediate repatr oE sdd build- ~ ~nSs. or an increese in tl~t aiaouns ~ security, or the immediaten~aym ent of t~e debt 1?erebY sec~red aad the fallun of the Mortgagar to com- PtY witF~ said demand of t6e MortKaBee for a periad of thirty ( 30 ) daYs, sLsll coiutitnte a breach of thisa~ort~ Se and. at tLe optioa of the ; Mortp.agee. immediatdy matare the entire amou~ of priocipal sod interesc hereby xc+,red, snd tmn,edc.cely and ,.tt},oac ootioe. the 1?iortgagee ~ may iastitute prooeedinRs to foreckse this mortgage and apply for the appointment of a Reoeiver, as hereinsfber provWed. ~ w % _ ~ . . . : _ _ . x. -