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Home My WebLink About0757 TO HAYE AA'D TU HOLD d~e same, to~elh~~ w~lh the tenementt, bere~ltainenis and appurtentact+t, unto t6e Mortgagee. in [ce :impk. AND the I~tortgugo~ dacs hereby covenaut witb tue I?fort ~ee lhat 6e Is indefrasi~jy seizeci of ~id Iaad in tee ~imple, that 6e La full power aud lawful risht to coavey said Innd in Eee simpla a~a[o~esaid; t}wt it chaU be7awiul fo~ the Atorlgagee at all tinxx actiably ~nx u~xl quietly to ente~ upou hold, occupY sr?ci ea'oy uu~d laud; thut said laacl is free Erom ~tN ince~mbrancrs; d?at he wil! make su~ further assurnncru to protect tt,e ~ec ~implo title to ~ land ta die \lo~rtga$oe as ma reasoiubly be ce~~uired; that he does hereby fully wa~rant the titlo to said land aud will defend the same agaiiut tho lawful clainu of ~ person~ whamroever. PROYIDED. ALWAYS. t6at 1f t6e Mortgagor ~ pay uobu the Matgsgee tbe cettaia pmmisson? note af whicb the ~oilovving ia wordi ~nd Hgu~es b a true ooP~'. to-wit: i . ~ j C011il1iUNITY FEDFRAL SAVINGS AND LOAN ASSOCIA'TION OF RIVIERA BEACH I ' ~Ux~~M~E ~OtP ! _ ~ ~ ~ ~ ItIVIE&1 BEACH, FI.oRIDA March 2$ 19 ?8 j Being indebted. for value reoeived, the unde~sigaod jointly and aeverapy promi~e to pay to CpMI~iUN1TY FEDEML SAV- I INC,~S AND LOAN ASSOCUTION OF RIVIERA BEACH at its office in the City af Riviera Beach, Florida, o~r order the anm of ~ THIRTY EIGHT THOUSAND SEVEN HUNDRED & NO/ 100ths Dp~~ ~=38, ?b0. 00 ~ ~ together with inteiest therea~ as hereinafter stated in montlily installu~cnts of THREE HUNDRED TWENTY , SEVEN AND 44/106------- - - ----~pL~s 327. 44 ; TLe iirat tnsallmenc s6all be dae and payable on the lOth ~y ~ September 19 78 I and subsequtnt Installmenb ahall be due and payable oo the l Oth day of eaih and every calendar month thereafter j until tLe priacipsl and interest are fuIly paid, _ ~ Larp~er sums may be paid at any hme. but thepa yment of any such large~ sams in addition W the i quired s4a11 nat relieve tLe malceis of the payment of the PaYments herein re- monthlY installments ~rein p~ovided for, unless it is specifically stipu- lated by the makers at the time ofpa yment that such targer sums are to be a lied to the advance ~ menb r~t matwing ia the order of their due dates. AII ~ PaYment of the mor,thly install- - ~ accrued interest and seoondly upoa the ru~ci ~~nts made upon this note shaD be applied Rrst to the paymeat of i p ! This obligation.shaD bear inter~st from daie at the rate of nine and one/tenth per cent ( 9. 10 g(,) i per annum until the principal and interest are fuAy paid, ~ Interest (or each calendar month shall be accrued ~ the first day of said month and be oomputed on the unpaid balance j of principal and interest e:isting on the last day of the preceding month. This aote shall be ooasidered in default when anY PaY- ~ meat required to be made bercunder s6all not have been made by its due dabe and shall efault until saidpa,nnent shall have been made. While in defanlt, this n~te shall bear interest at the mte of -`~~~r~ per cent . ~ 10 y` ~ P~ annum in Iieu af the nte hereinbefore spa~fied. ~ AD makera and endorsers ~w or berafber ~ ~ patNes hereto jointly and severaliy waive demand. notice af non- ~ paymeat and proDeat, aad agree that in the event of defa t in thepa yment ofauy iratallment due bereunder foi a period of t6iitY (30) daya the whok of said indebbedness shaA tLereupon at the aptian of the holder, become inunediately due. and pay- able, a~l if this nMe booomes tn dehuit and is plaoed in the hands af an atbora,y for oollectlon, to pay reasunabk attorney's fees and aU other casts includip8 costs and attameya fces of Appellate Coutt Piuoeoding~ for malring such collection. This note may be prepaid in wLole or inpuc a~ ~ny t~e .richout ~,alcy. First Sunrise Development s/Ann Peck, Individuall (SEAL) nn ec , ivi ua y BY~ 8/A~c~en F. ,n~r. P~esident .(SEAL) : TC~ ~ . ~ rT8'STIZ'CIIC' _ s/A1aen F. Peck. Tr_:Indivirle]1vrcR~~ _SJQ],t],~_g~__P_~sk}_~x:~__.I~dividually_~sE~L~ -~Tden -FecTc, r. , ua y Alden F. Peck, Sr. , Individually i ~ s/Jane T. Peck, Individuall • p • d f (S ) ~ k,.. in iv_i ua11. -----Y---- EAL eY ~1. _(SEAL) Jane T. ~eck, Ind~idua~l{~ evin ~ Pec~, In~ividuallj~~ (This note ~s secured y a modgage even t6 e:ecuted by the makers in fa~•or of Cocmnunity Federal Savings and I,o3n Assn. of Ri~~era Beaeh ) and shall promp p~f orm, oomply with, and abide by each and every the stipulatia~na, agteements, conditions, and oovenanCs of said prom- issory note and ~ this deed, then the estate hereby created s6all cease and be null and void. MD ehe Modgagor dces 6ereby covenant and agree: . j I. To pay all and singular the princepal end inierest aad . other sums of money PaYable by v'utue of saici promissory note and tbis mort- i ga$e, or either, promptly on the days respectively, the same seveially come due. ~ ~ 2. To pay all and singular d~e ta~ces, assessments. leviea. liabilities, obligations and enc.vmbranc.~es of every nature on said cIeseribed P~P- , erty each and every when due and payable socording to law, before ~ become dejinquen~ and if tbe same shall not be prompdy paid ~ the biortgagee may at any time either before or after delinquency pay e same without waiving or affecting tbe aption to foreclose, or any rig6t hereunder, and every PaYment so made ahall bear interest [rom t6e date thereof at tLe rate provided in aaid promessory note. ' 3. To keep the buildinp~ and alieq uipment and petsonal property uo~v or hereafter on said premisrs, covereci by this mortgage, insureci ' in a sum at lesst e9ual W the unpaid balance o# this mortga8e, induding fire flood, ertended coverage vandalism, malicious mischief, and i any other coveragerequ~red by the uwrtp,agee, as to propeities other than dwel~ings and fire, fbod, erten~ed coverage, special-form other-perils insvranve. and any other coverage reqeured by the mortagee, on dwellings eligfb~e for such braadened rnverage- provided, 6owever. that , such ussuru~ce be in an amount sufficient to compl with any co-incurance requiremenis cavering same under the laws of the State of F'Iorida, and provided further that the policy or policies sh~ be written in a company or compan;es and through an agency satisjactory to the I?tort- ;eagee and that said policy or policies shall be held by the Mortgagee and shaII bear a standacd New York Mottgagee Claace without contnbu- tion, makiag the bss ander said policies payable to the Mort~agee as its interest may appear• and in tLe event any sum ofmone~ beoouies payabk u~der any s~x~t policy or policies, the Mortgagee shall have the o~ttion to receive and'appty the same on account of the indebtedness hereby secured, or to permit the Mort~a~or to receive and use it, or any part thereof~ for other purposes, without thereby waiving or impair- inA anY equity, lien, or ri~ht under a y virtue of this mortgage; and in the event the Mortgagor does not comply witb this covenant, the :~iortgagee may pl~a~ce and pay for such Insurance~ or any part thereof~ without waiving or affecting the option to f~reclase, or any right here- under, and the full amount of each and every such payment shaq be immediately due and payable, and shaU bear interest Erom the date thereof antil paid at the default rate provided in said note and together witb such interest shall be aecured hy the lien of this mortgage. Insur- ance oovering the peril of flood damage shall be as required by the Federal Disaster Protection Act of 1873, or as amende~, and mortgagor co~enants and agrces to oomply in at1 respects with the prm~sions thereof. • 4. That modqagee may~ at any time during the moitgage term, and in its cliscretion, apply for renewal of mortgage guacanty i~ssurancc covering the mort age e:ecnted by the undersigned on even date herewith,pa y the premium due by reason thereof. a~ require repayment by the undeisigned of such amounts as are silvanced by said mortga~ee. In the event of failtue by ffie undersigned tor~p~y said emounts to said mortgagee, such failure shall be consid~red a default, and all provisions af tLe nate and mortgage with regard to default shaA be applic- able. 5. To pennit, commit or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon the failure of the mortgagor to kecp the buildin1qs on said property in good condition of repair the 111ortgagee xnay demand the iminediate repaU of said build- ings, or an increase in the amount of sec~uity, or the immecliate ym ent of t~e debt hereby secured and the failure of the biortgagor to com- pty with said demand of the Mortgagee for a peri«i of thirty (30~days, shall rnnstitute a breach of thic modgage and, at the option of the ~fortqagee, unmediately mature the entire amount of principal aad interest bereby secured. and immediately and wit~out notice, the Mortgagee may institute proceedings to finectosa this mortgage and apply for the appotatment of a Aeceiver, ar hereinafier pravided. g~~K 284 PacE 75~. ~ ~ : - - - _ - ~.w. ~ ~ . - . . ,