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Home My WebLink About0635 Tn (iA\'H: AKU T() tlOLD tt,e uu?c, lcgett?e~ N1U! I~1C lCM[ACI1tS, hrreciitw~rob and ~ppurtcmnc~~s, unto the Uortgagce, in [re sunplc. A[rD the I~torty;agor does t~reby covcn.wt with the ~lortgagee that he ~s uixlefe~tiblx seizcYi of said laad in fee simple, that he has full powcr and lawful riRht to ca~vey said land ia fee simple as aforeaaid; that it shaU bo lawful Eor the ~1ortKagee at all timespeaceabfY and quiedy to eote~ u~wa hold, occupy and enp~y sa~kl land: that ~id land is free hom all iacumbrencc~s; ttwt he will malce such further ass~uances to protect the Eee simpk h'tk to said Is~d in tbe Mo~rt~agee as may rcasonably be re.p~tred; tbat he dces 6ereby fully warrant the tide to said land and wtll defend tbe sama ~gainst the lawful clairM of aU persons whvmsoe~'er. PROVIDED, ALWAYS. tLat if tbs 1~la~tgagor thdl pay aaEo t~e Mortga~ee tLe certain p~omissory note of which t6e followinR in words aod figura b• trne oopy. ~o-~vits ! CO~i~iUN1T1' FEDERAL SAVIIVGS AND LOAN ASSOCIATION OF RIVIERA BEACH i I ; ,~or#~tt~e ~3vtc ~ i RIVIERA BEACH. FLORIDA January 9, 1978 I {D~ r~~, ~e uodeisigneci jdntly and stverally promise to pay W COM~lUN11Y FEDEML SAV- ! lNGS AND LOAN ASSOCIATION OF RIVIEM BEACti at its office in the City oE Riviera Beach, Fbdda, or order, the sum ~of ~ FORTY SEVEN THOUSAND SIX HUNDR~D &~10/100THS----DOLLA[~S (547,600. 00 ) • ~ together with interest thereon at hereinalter stated in monthlY ~na~~~u ~HR EE HUNDR ED EIGHT Y NINE -0OLL~RS ( 3 4 ' AND ?4/100-------------------------=------------------ - S 89.? > ' The fi~st innallmenc shall be due aod pa••abk on che lOth ~Y ~ June, t`~78 and subsequent ias~llments shall Ix due aad payaUle on d~e l Ot~1 day of each and every calenclar montL thercafte~ until the principal and interest are fully paid. Larger swas may be paid at any time, but thepa ywrnt of any such larger snms in addition to d~e payments herein re- ~ quired s6aIl not mlieve the makers of t6r pa~wcat of the monthly installments herein provided for, unless it is spccifically stipu- lated by the makers at the time of payment that n~ch larRer sums are to ~ applied to the advnnce payment of ihe monchly install- ments nezt maturing in tbe ortler of their due dates. ~ll payments nu~de upon this note shall be applird first to the pa>•ment of ~ acrrued interest and secondly upon the principal. j I This obli~ation sl?all bear interest frcm date at tLe rate of elght a11d seven/tenths ~'r c~nt i g. 7`% ~ ~ per ar?num until the principal and interest are full.• paiJ. ~ Interest for each calendar nwnth shaU be accrued on t6e first da~• of said month and be cu~nputed on d~e unpaid balance~ ~ of principal and interest ezistinq on the last ~3ay of t6e prececling m~tL. 'I'his note shall be cansidered in defauit ~vhen any pay- ~ ~nent r~uiced to be made heretuxic~ shall not ha~~e been made L}• its duc date and shall remain in defa~ilt until caid payment shall have lx~~ made. ~Vhik in default, thic note shall bear interest at the rate of -ten- per cent ( 1096 ) per annam in lieu of the nte heminbefore speciEied. All makers and endo~sers now or hereafter ~ parties hereto loindy and se~erallq wai~e demand, notice uf non- payment and protest, aad agree that in the event of defa t in the pnyment oE any indallment due hereunder for a period of thirty (3p) days ~he who{e o[ said indebtedness shaD there+~pm at the aptian of the holder, become immediately due anci pay- ; ' able, and if this note becomes in deEault and 'u placed in the hands of an attorney for collection, to pay reasonable attome~'s fecs j and all other costs including costs and attomeys fees of AppeDate CouR Ptooetdingt fot malrinK such collection. ~ ~ ; This not~ ~na~• 1x` prepaid in whole or in p1rt at am• time ithc~~~t p^nalty. i ~ ~ ~ ~ s/Raymond D. Parks (SFAL) ---(SEAL) - _ ~ Raymond D. Parks ~ s ' ~ ~ -------(SEAL) S~Diana .C.--Parks (sEAL) . ~ ~Dia~a G. Pa~ ,s • ~ ~ Tni~ uote i~ secured Uy a ~nort~a¢e of e~•en date ezecvted by t~e ma i•n ~n fa~~or o ~nmunity I~~~cl~ral ti:~~inQs and Laan Assn. ; i of lii~~era Beach ) - , s , ~ - - - - - - - - x - ~ - .ind shall promp dy perforu~, comply w~th> and abide by each anc: every the stipulations, agreements, conditions, and covenants of said prom- issory note and of tl~is deed, then the estate hereby created shall cease a~be mdl and void. t AKD the I?tortgagor does hereby cm~enant and a,ree: ~ ~ 1. To pay all and sinSular the principal and interest and other sums d money payable by virtue oi said promissory note and this mort- ~age, or either, promptly on ihe ciays respectively, the same se~~erally come due. ~ 2. To pay all and sin8ular t6e tazes. a~ssments. 1e~~es• Lab~Lhes. °bligatioas and encumbrances of every nature on said ~lesrribc~~l prop- ~ ~ r~y each and every when due and payable ~ccorcling to Iaw, i~efore they become delinquent, and if the same shall not be prompdy paiJ the ~iortgagee may at any time either before or after eieLnq~icncy pay the san~e without waiving or affecting the option to foreclose, or ~ ~ny right hereunder, and every payinent so made shall bear interest from the date thereof at the rate provided in said promissory note. '_3 3. To keep the buildings and all e9nipment aad pe~woal Frc~~tY now or hereafter on said premises, oovered by this mortgage, insured in a sum at least equsl to tbe unpaiJ LaLzoce of this mortgage, including fire, flood. ertencied coverage vandalicm, malicious mischief, and ~`s any other coverage reyuired by the mortgagee, as to properlus ntt?er tlian dwel4n and fire, Efood, e:tenc~ed coverage, special-form other-perilc i,un~ance, and any othes coverage req~ured by the mortagce, a~ dw•el}in~ eli~{e for such broadeoed cm•erage- provided, l~owever, that such insurance be in an amount sufficient to oomp}y with a~ co-insurance n~sluireu~enis covering same under the laws of the State of Florida, ~ and provided further tnat the policy or policies shall be written in a company or companies and through an agency satisfactory to the Mort- ~,agee and that said policy or policies shal] be 6eld d~e \fo.: _1~~e and shall bear a standard 1\ew Yorl: Mortgagee G7ause without contribu- tion, malong d~e loss ~uider said policies payable to the Mort~agee as its intezest may appear; and in the eveat any sum of money becomes payable ~incler an~• such policy or policies, thc I?iortga~ee shaIl 6ave the option to receive and apply the sau~e on account of the indebteclness hereby secured, or to permit the I?tortgagor to receive and use it, or any part thereof, for other purpose,s, without thereby waivin~ or impair- ~ ing any equity, lien, or ri~ht ~u~der and by virtue of this mort~ge; and in the cwent the Mortgagor dces not comply with this covrnant, thr - ~tortqagee snay place aod pay for such iasurance, or any part thereof, without waiving or affecting the option to foreclose, or any right here- : ~~nder, and the full an~^m:t of each and every such payment shall be immediately doe and payable, and shall bear interest from the datc thereof until paid at the default rate provided in said note and toRether with such interest s6aD be secvrecl by the lien of this mort~age. Insiir- ance coverinR thc peril of flood clamage shall be as re~~uired by the Federal Uisaster Proteciion Act of 1973, or as ame~ed, and mortgaeur covenants and agees to eemply in all respectS with fhe prmisiont t6ereo~f. - 4. That mort~agee may, at any timc dnrin~ the ~nortgage term, and in its discretion, apply for renewal of mortRage t,~uaranty in,uranc<• ` co~•erinA the mortAage execiited by the unde~iened on e~•en date herewith,pa y the premium due by TeaSOn thereof, and mquirc repa;:nen; - by the undersiECncd of such amounts as are advanced by said mortga~e. In the c~ent of failure by the undersifineci to repay said amounts to = sai~l mori~a¢ee, su~h fa~lnre shall be consic'_red a ciefault, and all pm~-isio~u of the note and mortRage with rep,ard to default shaD be applie- able. ~ "z 5. 'I~o pccmit, commit or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon the Eailure of the ~~artga~or to keep the buiklings an said property in good conditioo af repair the Mortgagee may demand the immediate rep~r of said build- - ings, or an increase in the amowit of secwity, or the i?runediate ym eat oE t~e debt hereby secured and the failure of the I?tortgagor to com- ply with said demand of the MortRaRee for a period d thirty (30~days, shaIl constitute a breach of this mortgage, and, at the option of the \tortKaAee, im~nediately mature the entire amount of principal and 'mterest bereby secured, and immediately and withoat notice, the ~tortgaAee = may inttitute procredin~s to foreclose this mortgage and apply fOr the eppointment of e R~eiver as hereinafter provided. _y.~, 8li~?K~ ~ , ~ f:~.