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Home My WebLink About0274 TO IIA~'E AND TU l10I.U tl~e s~u?e, togrther with tLo true~aents, bcrcYlitaweob arn1 ~ppurteaances, unlo tbe Mortgagee, in (ee simple. AND tha MortRugur dors horeb ooveuant with ihe Atort ~ee that be is lalefeutb!y :etzed of zaid Wrl ia tee simple. tLat 6s 6v full pt~~~•e~ and la~v(ul riAl?t tu coavey saId IauJ in tre sin~pk a~a(oresaid; that it atu~l) be lawful for dio I?furty;agoe et all tun~~s p.•a~~aLly u~xl iluielly to enter up~ hold, occupy uxl enp'y sald land; that said land is Eree from al! inciunbraneti~s; that he will tuako suc6 furthe~ assurancrs to protect the fee aunple tiUe to sald larwl ia tl~e 1?lo~rtg~g~a u maY rcasonabty be ra~uirod; that he doa }?eieby fully warnnt the uda to satd lancl and will Jefeuc! tbe ~una agaio:t the lawful ~~lainu af aU penow wbamwever. PROVIDED, AI.WAYS. that If tbs Nartgago~ tL~D pq? tmto tbe Mortgagee tbe oertatn pramt~wry nots cf whk•h tbe Eollo~winy tn wad~ aod Nguret It • trns oopy. lo-wite ~ COMbtUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH i . j ~ar#~gttge ~atE ~ ~ RMERA BEACH, FLOAIDA October 13 19 ~78 I j Being tudebted. fm value ~eoeived; the uadersi~~od f~~Y and iev~enlly promi~e to pay to (~OMMUM'IY FEDERAL SAV- I INGS AND LOAN ASSOCIATION OF RIVIERA BEACH at ib offtoe in t6e City oE Rlvkra Beach. Flodda~ a~ order. the sum of ~ ONE HUNDRED NINETEEN THOUSAND SIX HUNDRED8dW/lO~DpI.I.~RS (=119. 600. 00 ~ i together v?~ith inte~t thereon as heretnafter atated in montWy instaUu?ents oE ONE THOUSAND ELEVEN AND 91/100--------------------------------------------------DOLL~RS(i 1,011.91 ' '1Le ftrst tnstallmeot s1~aU be d~c and payable on ehe lOth day af l~iovember lg T8 ~ t and subaeq~eat in:tallmenb shaU be due and payable on tLe lOth day of ead~ and every caleadu moath thereafter ~ nntil the Qrincipal and iatcrest are fully paid. ' I,ar~er ~ras may be paid at t~me. but thepa yu~ent oE any such luger sums in addition to the psyments 6erein re- , quired sh~ll not reUeve the makers of~ paymeat of the uwnthly installments berein provided for, unless it is specifically stipu- lated by the makers at the time ofpa yment that such lar~ ger sums are to be applied to the advanoe payment of t6e monthly install- ' meab ~t maturing in the order of their due dates. All payments made upon th~ note ahall be applied first to the payment of accruod interest and seoondiy upon t6e principal. lbis ohli~atioa shall bear interest from date at the rate oFnifle and one/half per ce~t ( 9. 50 96) ~ per annum until the principal and inte~est Are fully paid. Iaterest for each caleodar moath shall be aocnied ~ the first day of said moat6 and be oomputod on the nnpaid bnlance of principal and interest e:isting on the last day of tbe preceding uw~th. Thia note s6all be oonsiderad in default when any~a y~-~ ment req~ural to be made hereunder shall not have becn made by its due date and a6all remain in defau}t nntil said paya~eat shall ~ have been made. While in ddault, t}~ note s6a11 bear interest at t6e nte af t e n- per cent ! ( 10 9G ) per annum in Uea of the race Lereinbefore speclfted. ; i PaY~t and P+otest, an~d a~ee ~t in ~ ~t of defauTt~~pa ymen~ ~~aay~iastaD~m nyt due~6ereun~der'f~p~od of i ~~Y ~30) days the whok of said indebtedners shaIl tbeieupan at tLe oQtion of the holder, beoome ima~ediately due and FaY- j abk, and tf thts nae beoomes in deh~lt and isp1aoed tn che hands of an attornep for aollecttoo, to p~y rea:ombk atcorney s fea ~ and all other oosta inchiding oosts and attorneys fees of Appeilah Court Prooeedb~p far m~akiag soch oollection. ~ ~ 'This note may be prepaid in whok or in put at aay time without penalry. I ~ . ~ ~Sg,~,~ s/Stephen _M. Friedrich ~SEAL) ~ - - I : Stephen M. Friedrich i ' T_____.~__._.______~~,~ _s/Barbara__E,__Friedrich ~Sg,w~ ~ ; R~ rl~a a. E Friedr~~ 4 ( This note ic secured by a mort~aqe of evea date e:ecutad by the m~T~ers in ~vor oE Community eral Savings and Lo~n Assn. ' ~ of Ri.icra Bearh ) ~ ! - ! f ( and s6a11 promp~pe dorm. oanply witb, and abWe by each and every the~ tion:. ~S~ts. oanditiom, and ooveaants of said prom- ~csory note and of thit deed, then the eatate hereby croated s6a11 cease and 6e nuD and void. ~ A1~D t6e Mortgagor dces t,ereby oavenant and agrce: 1. To pay all and singuVr tbe principal and intereat and otber sums d moneY WYabk by virtne oE said promiasory note and this mort- ~ c;age. or either, P~PvY on the dari ~P~~~Y, tlie tame atverally oome dua 2. To pay all aad singular tLe tazae, assasments, kvies, litbilitia, obligations and e~umbnnoes of every nature on said described P~P- ~ erty each and every when duc and payable aocording to law, beforetbey become delinquant, ond if the sxme shaU not be promptly paid the bfortgages may at any time either beforo or after ddinque~.y pty the same aritbout waiving or affecting the option to foreclose, or 5 any right 6ereunder. and every payment so made shaU bear inierest from the date thereof at the rate p~mrided in taid prauissory note. ~ 3. To keep the buildings and alle quipment and person4l property nmy or her~fter oo uid premiaes, oovered by this mortgage, insured ~ in a sum at least equal w the unpaid balanoe af this mortgage, including f llood, eit~eadad caverage w.~ndalism, malldou~s mischief, and ~ any other coverage required by the mortqagee, as to praperties other than d~p and fire, flood, e:ter~ed coverage, special-form other-perils ~ iruurance, and nny other cmerage required by the mortagee. oa dwellingi eligib~c for such broadened coverage- provided bowever. that ~ such insurance be in an amount snfficient to oom~ply with any co-insurance requirements omering same u~ier the laws of the ~tate of Florida, ~ and providecl further. d~at the policy or policies shall he writteu in a company or oompanies and thrwg6 an agency satisfactory to tLe Mort- ~ Kagee and that said policy or policies shall be heW by the Mortgagce and shail beu a:taa~ard New York Mortgagee Clause without oontribu- tion, makug the loss under said pollcies pa able to the Mortgagee a~ Its interes3 may Rppear• and in the event auy sum ofmane~ beoomes payable uncler any such policy or policies, ~ Mortgagee shaD have the option to receive and'apply the sau~e on aaoaunt of t~e indebtedness ~ hereby secured, or to peruiit the Mort agor to reoeive and use it, or any part thereof, for other purposes, without thereby wi~iving or impair- ing ar~y er;uity, lien, or ri},•ht under ~ by virtue of this mortgage; and in the event the Mortgagor dces not oomply with this covenant, t}?e ; ~fortgaRee may pl~a~ce aad pay for such insuranc.~e, or any part thereof, without waiving or affecting the aption to E~reclose, or any right here- s under. and the hil1 amount of each and every sucb payment shall U: immediately dne and payable, and :hall bear intereat from the daM e thereof until paid at the defaidt rate provided in said note aud togethe~ with such interat s6a11 be socured~y the lien of this mortgage. Iasur- s ancr. coverinR the peril of Aood damage shaD_ be as reqnired by tbe Fedenl Dt~ter Protection Ad of 1973, or u amended, aad martgaqor covenants and agrees to oomPly in aD respects wit6 the provisirnu thereof. ~ 4. That mortgagee may~ at any ticne durinR-the uwrtgage term, and in its discretion, apply for renewal of mort~age guaranty insurancc covering the mortgage ezecvtod by the undersigned ~ even date herewith, pay t6e premium dne by reason therEOF. nnd require repeyment ~ by the undersigned of such amounts as are aJvanced by said mortga~ee. In the event of failure by the w~dersigoed tore~Y said arcounb to ~ aa;d mortgagea, such failure shall be considered a defaul~, and a11 provisioas of the note and uartgage with reganl w defa~it shaU be appUc- able. 5. To permit,.commit or suffer no waste, impatrment or deterioration of said~roperty, or any part thereof, and upon the feiluro of the ~nortgagor to kecp the buildings on said property in good tmxlition of repair tbe I?iortgagee may demand the immediate repair of satd build- ~ iny,s, or an increase in the amount of security, ot the immediate re ym ent of tfie debt hereby secured and the failute of tbe Mortgagor to rnm- ply with said demand of the Mortgagee for a period of thirty (30 days, shall constitute a breach of thLs uwrtgage, ~nd, at the option of the ` \tortqaKee~ immediately mature tbe entire amount of principal a~interest bereby aecured, and immediately and witbont notice~ tbe Mortgtgee ~ may iastitute prooeedinqs to foreclo6e this mortgage and apply for the appointrnent of a Reoeiver. as herelnafter provfded. ~ ~ F oe~ 296 PaGE z?4 ; 'b~~~a _ . ~ ^ - . . . ' . . . ...ct ~ ~~4 "s" ,.s'H xxv ~ ~3'~ i2''„~y'd` _ b ~.vs ~m~'1-... ~ ~~i~{~ ~ .a.-