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Home My WebLink About0733 7'O HAVE MD TO HOLD tl~e suu0. togelher witb the teaemeab. be~edltw~enb aod appurteotocea. unto tbe Mort8a8ee~ in teo si~nple. AND t6e I?tortg~8or does hereby oovenaat witb the M that be b 4def~~y ~eized oE Wd laad in Eee timpb, tbat he bu full poN~ anJ laNdul dght to coovey uid land tn fee simpb os oresaid; that it :6aU be Lwful for the Mortgakee at all tirnes pesoea~lY and quietly to euter upo~,~ ho{d, occupy ~ad en~yr sa~Id luad: that wid laad b free fran a1) incumbrances: that ba wiD make sucb fu assurancca to protec~t We fee simpk Ntb to :aid laad in tbe 1?ia~t~agee u maY reaconablY be requiral: that he doa hereby EullY waRaot tha tide to aid Wxl and will dcfend tLe wne ag~tact the lawful claims of a!1 pa~oos ~rLom~oa~rer. PROVIDED. ALWAYS, tLat iE tb~ llat`~ s6aD py? meo the Mortgag~es the oertain proml~wry note of arhicL tbe foDoYVin= in w«d~ aod flgura 6 a tme oopq. ~o-w(~ ~ ~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH i ~ ~DX#~M~~ ~~tP , ~ RTVIERA gEACy~ gI,pRIDA March 1 1s78 ~ BeinB indebted. for value reoeiv~ed. tLe unde~si8~ i~~Y ~+~*+~Y Promise to p~y W COMMUIJIT]f FEDERAI. SAV- ~ WCS AND LOAN ASSOCIATION OF AIVIERA BEACH at its oHioe tn the City of Rivieia Bead~. Fbrida, oc order. t6e sum of TWO HUNDRED SEVENTY TWO THOUSAND and 0/ 100 . DpL~p~ 272, 000. 00~ i to~~r wtd, inc~ ~Lereon,s h~naE~er amted t~, moo~, ~nstallmenn oE Two Thoueand Four Hundred ~ Forty Seven and 30/ 100----------------------------------~~~ (i 2, 447. 30 : ~ 'il?e ~rst in~taDmeat s6all be due and payable m the 1 a t day oE A PR I L 19 ? 8 ;.nd sub~equwt iostallmmb shaII be due and p.r~ oa d,e 1 st dar of ach and every caleodar monch thereafcer i nntll the prindp.l .nd interesc are ~ully paid. ~ ' sams m.y be paict .c time. bac tbepa ymenc ef .nr snch largar sums in aaaltion to the p.yanents herein re- i ~not relie~re iLe m4ke~s of~ yment~ the monthly ianallments herein proviciod for. unless it ia apeciEicallY stiPu- ; la~ by the makers at tLe Hme o~pa Ymen~that such Ia~er sums are to be applied to the advance payment d t6e monthly install- ~ mmb ne:t muturmg in tbe ordtr M their dae datas. All payments made upon this note shall be applied Krat to the paymeat of accmed interest and secoodly upon the P~P+~• ! 'I7~i, obNgation shaII bear interest from dace at the rate af nine per oent ( 9 96 ) 1 Per annum until the principal and interat ure fully paid. i ~ Iatere~st for eac6 calendu month s6all bc accrued on the fiist day of said month and be oomputed on the unpaid balance - o~ princ;ipal and interest esisting on tl~e last day of the precedin8 mont6. This note s6all be caasidered ia delault when anYpa Y- meat re9uired to be mada Lereunder shall not have baen made by its due date and ahall remain in dehnh until said payment ahall i have beea made. ~Vhile in dehult, tLit note shaU bear iaterat at tbe rate of te n per cent ~ ( 10. 9G ) per anaum In lteu af the race hereinbdore speci~ed. I All maben aod eadorseis naw or Le~eafter ~ pariks heieto 3~t1Y ~~IIY waive demanci. notioe of noa- i Q~ymeat and protest, snd t~ee that in tLe event of defa t in thepa ymeat oEaay insdtOment due bere~mder for a period oE f t6~rt)? (30) days d,e wLole oE s~id indeboedneas shall ehereapon ac the apbon of the holder, become immediace1y due and par- i ab1e, a~ if this nobe beoomes in dehnlt and is plaoed A~~ Coa an atb~me~? ~oo~oo,~W~ le attome~s fca and all other aoats i~l~din8 oosts and ttorn~ys fees o~ ppelk Pmoeedin~t m~lon~ 'tbis note may be prepaid in whob or in put at any tfioe without peaalty. 3 ( _ _ ~ --s-~-- HOME R HOYT------- - - (S~-) . ~ € ' . { ; ----~r~xwit - - - - - - ---(S~~ E ~ ( 7'his note is secured by a uwrtgage of even date executed by the makers in (avor of Community Federal Savings and Loan Assn. ~ I of Ri.~cra Beach ) Iy [ ~ ~ and shall prom~y~{ orm, canP~y aith, and sbide by eac:h and every the a~reemeats, conditions, and oovenants d said praan- issory note and oF tbis doed, then the e~ace hereby cieated s6aII cease and auIl ~nd voZd. AND the Mortgagor does heirbY ooveaant and agree: 1. To pay all and sing~ilar the prjncipel aud interest and otber sum~ e~ moneY WYabb by virtue oE said pmmiswry note and this mat- gage, or either, P~P~Y ~ the daY= resPa'~velY. tbe same stverallY aome dae. ~ 2. To paY all and singular the tazes. as~smeuts.~~, Labilitla, ob~i~ationt and e~eumbraaces of every mhue on said de~csibed prap- ~ erty each and ev~ery whea d~ and paYabk according to faw, before the~? beoome delinquea~ a~ iE the same shaII not be P~P~Y Pe~ the MortgaSee may at anY time either before or after delincl~~Y PaY t6e same wit}wut waiving or affecting tLe aption to Eoreclose, or ~ any rig6t hereunder. and everY WYment ao made s}ull beat interest from the date tLeseof at-tbe rate provided 'm aaid p~omissory note. 3. To keep tLe buildin smd alleq w"pmeat and P~+~1 Q~rc~erty now or Lereafter an said premises, oavered by this mortgage, i~uured in a sum at 1e~t w~ balance af thts mortSaSe. i~tu~tn8 flood. e~nded oo~wera~e vandalism, malic3oin mtsc~ief, a~ any other oovera8ereq~~ bY the mortgagee, as to properties other than d~~~~s, and fire. flood, tstw~ed cavera~e. special-form other-Perila insuranoe, and anY other ooverage re9uired bY the mortagee, on dwellings elipble fo~r snch broadeaed oo~verage - provlded~ hawever, that ~ ~ such insnranoe be in aa acno~mt sufficieat to~}y with aay oo-iasuranoe ro9ui~ments covering sauee under tbe laws of the tate of l~lorid4 ~ and provided further that tl~e policy or policxes shaD be wrltten in acampany or oompanies 4nd thmugh an agenc.y satitfactory to tbe Mat- J and shall bear a standaid New York Mort$agee G9a~ue wtthout contribn- ~ qagee aad that said policr or policies shall be heid by ihe I?iortgagee ~ tion, mald~g the bss under said policies payabk to the Mortgagoe as its interest maY ap~pear; and 'm the event +wy snm oEmo~ beooma _ ~ paYable under any sw~ policY or policies, We Mortgagee shaII have tLe option to reoeive and apply the same on tooount of the indebtedne.a ~ hereby sec~ired, or to permit tbe I?iort~agot to receive and ~e it, ~ Rny pert thereof, Eor other pnrposes, without thereby waiving or impair- ~ ~~B ~Y e9~b, lien, or t~mder and by virtue of th~s mortSgBe; and in the event the Mortgagor does not o~ply with thls covenan the ~a~h md ~ ;ltortgagee may pIace aad PeY for such insurance, or anY Pazt thereof, adthout waivin8 or affe~ng tbe optioo W Eoreclase, or any rig6t ~ under, and the full amount of each and every suc~ paYment shall be immediatdY due an~d~a yable, and shall bear interest from the date - thereof until paid at the default rate provided 'w said ~oe and together with such iaterest ahall be secured ~by the lien of this mortgage. Insur- ance ooveria tbe perll of flood damap shall be as reqnired by the Fedtral Dis~tat Pmtectian Ad af 1873, or as amended, and mo~tgagor covenants ~ agre~ to oomply in all respects with the prQvis(o~as thereof. ~ 4. Tbat modgagee may, at any iime durinx the mortgage tenm, and tn its discretion, apply for renewal o# moresa86 s~ntY - covering the mo ge e:ec~ted by the undeisigned on even date 6erervith,pay the premium due by reasa~n thereof, and require repaYment ~ by the undeisi~of such amoants as are advanced by said mortgagee. In the event of failure by the unde~sig~ed torepa said amounts to _ ~ said mortSagee, sucl~ failore shail be co~id,tred a defaWt, and all provisions of tLe nobe sud mortga~e with regard bo defa~t shall be applia able. ~ 5. To permit. cammit or tuffer no waste, impairment or detertoration of said propaty, or anY Part thereof+ and npon the failure of the mortgagor to keep the buildingf on said praperty in good condition of repair tbe MartSagea maY demand the immediate repair of said build- ~ inKs. or sn in~e in the amonnt of security, ar the immediate yment of t~e debt hereby _secured and tLe failure of the Mortgagor to com- i K ply with satd demand of the Mortgagce for a period oE thirty (30 days, shall coattitute a breach of th~smortga ge,~ and, at the option of the ~ ~tortgaBee. immediately m~tnre tbe entire amount of principal ~interest hereby secured. and immediately and without notioe, tLe Mortgagoe may inctitute pcoeeedin~ to foredose thts mortS~n~e and aPPIY for the appointmeot oE a Reoeiver~ as Lerdaafter pmvidea. ~ EooK2$3 ~~i~[ 7~~ _ R _ _ ~