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Home My WebLink About0818 TO llA~'E AI~D TO HOLD tl~e sa~~. to~ether with tt?e teceu~ent~, becedita~nenb aod appurtenances. unto tbe l~lortga8ee, in fec sin~Pk. AIdD t6a Mo~tgagor Jo~ hereby oovenant wit!? the 1ltortgag~ee that be it iudefeaslbly ~lied d said land in toe daupb, that bs has f~~ll po~~rr anJ lawful right to coa~•ey said land in fee simple as ~toresuiJ: that it s6a11 be lawful to~ tl~e I~fortgagae at all tiu~pesarrably und quietly to ente~ upon twkl, oecupY and ea'o~ sa~id !.u?d; that said land is free Irom All incumbrancea; tliat he will'make sucL furt6er auuranoes to protect the ~ee simple title to sat~ land in tl,e Mort agee as maY re4sowbly be ca~uirad: that 6e doas bereby fully warrant the tide to sa;d lan:l and will defeud tLe :aroe again:t t6e lawE~ claiias af aU peraoot wboo~oever. PROVIDED, AI.WAYS~ t6d tE tbs Mo~tgagor e~II pp? m0o tLe MortBat~es tbs oezWn Pro~n~saq? . oote aE ahich tbe fdlo~winS 1n w~ord~ and figura b a broe oopy. ~o-wlt: I COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH ~ ~ ~,ax#~tt~e ~ute , ; RIVIEM BEACH. FLORIDA s eptt«.Io t ra 19 7 8 ~ Being indebted. for value received, tLe undeaigned ~oindy aod ~everaDy promise to p~y to COMMUIvITY FEDEML SAV- ~ LNCS AND LOAN ASSOCIAI'ION OF RiVIERA BEACH at its offtoe in tLe City oE Riviera Beacb, Fbrlda. or order, the snm of ! TWO THOUSAND THREE HUNDRED AND NO HUNDREDTHS-~~~ 2, 300. 00 ~ ` cogether wld, incecesc tbeceon as hereinafcer stacea in monthly u?stallwenb of Forty Eight and ~ 32/100----------------------------- - - ---DOLI,.ARS ~i 48.32 T6e ft~st ins~t ,hall be d„e ~nd payaWe ~ the l Oth ~Y ~ November 19?8 i and subsequeat installmenb shall be due ~nd paYable on the lOth day af eec6 and every caleadar month thereafter . i until the pzincipAl and iaterest aro fu1ly paid. I.arne~ su~u may be paid at anY ~ttme, but thap~ ymeat of ~ny such 1ug~ snms in addition to the payments herein re- quired sbaD not relieve the malceis oE the y~a t of the monthly uutallments 6erein provided for, u~ileu it is specifically stipn- lated by the maken at the time ofpa yment~that such larger sums are to be applied to the advaoce payment oE the moathly install- menb r?ext meturing in the order of their due dates. AD payinents made upon this note shaD be applied krst to the payment of accrued taterest and socondly upon the priucipal• '1~s ob1~~;Ac;on sh~ll bear ioce~est hom dace ac ~~ace ~ nine and one/half-----~r cenc ( q, ~0 96 ) per annum until t6e principal a~xt interest are fully paid. ~ Interest for each calendu month stwll be aocrued un the fiist day oE said month and be computed on the unpaid balance of principai and interest esistinK on the last day of t6e preoeding month. This note shaD be ooasidered In default when anY PaY- ment required to be made hereunder shall not ha~^a beeu made by its due date and shall remain in default until said payment s6aB have been m~de. WWk in defauli, . thta note shaIl bear lnterat at t~e nbe of - - - - - - - - - - - - te11- - - - - - - - -Per cent ~ ( 10 'X. ) ver annum m l~eu oE d,e race hereinbefo~e specifted. AIl makers iwd eodorae~s now or Mre~fter ~ Partias hereto foindY and aevera~Y waive demand. notiae of non- payment and pmtat, and a~ree that in t6e event of ~ defa t in thepa ywent afa~ i~tallment due 6ereunder for a period of ~ thirty (30) days the whde of s~W indebtedne~t s6all thereupan at the option of the holder, become immedia~y dae and PaY- j abk, and if this oote beoomes in dehult and b pLoed in the hands af an atborney for ooDecdon. to WY rasonaLre attorneY's fecs ~ and all other oosts including coats and attorneys fas of AppeDabe Co~ut Pmoead~ng~ for maldnQ snch oollecHo~. ~ 'ILis note may be Prepaid in whok or in p~ut at ~ay time H~thout penalty. ~ ~ . ~,c~ ' -----(s~ - SIW_ig~t4 ' r_----------. _(s~L~ ; ' ; to Y. ile,r , . f ~ -~~~!t~'f-~t~ ' ____(sEAt,) _.S~ .ean~.__Millsr--- : - - - - - . _ (s~t.) ~ ~ Jeanjy~ . jyj ller ( This note is secured by a mortgage of even date aecuted by the makers in (avor of ~mn~unity Federal S~vings and Losn Assn. ~ ~ of R;.icra Beach ) ~ ~ ~ and shall prom~}y orm. oomP~Y witb, and abZde by dah and evcease and~~nttll coutli4ont. and ooveaants of said prom- z issory note and d~ deed. then the e~te hereby c:reated s6all aad : : A.~1lD the Mortgagor dcea 6ereby covmsnt and aB~ee: ~ 1. To paY all and singular tha principal and in~ and otLer sums d moneY PaYable by virtne of said promissory note and this morc- ~ ~age, or eitLer, prompdy on the days resPecuvelY. tbe same ~verallY oome due. ~ 2. To pay all and singular the tues, asseuments. levies, Wbilitia, obligations and eucumbrances of every nature on said descaibed proP- .a Prty each and every when due and paYable acoordin8 to law, before ~beoome deli~nent, and if the same shall not be pmmPvY P~d the I~tortgagee may at any time either befare or after deL'nq~c,'Y PsY same aithout waiving or affecting tha option to foreclose, or ~ any ri~t 6ereunder. and every PaYmeut so made s6sll bear interest from the data thereof at the rate provided in said promissory note. ~ 3. To keep tLe buildin~s and alle qu~pment and persond P~p~ty naw or herafter an said premises, ooveced by this mort8a8e, inrured ~ the induding{~, fbod. eitended coverage vandalism, malidoas mischief, aod ~ in 8 stlm at least eqUal t0 unpaid balanoe Of this mo~t888e. ~ any oiher coveraSerequued by the mortgagee, as to properties other than dweliings and Eire, flood, e~tenc~ed caverage, special-form other-Perils ~ insurance, and sny other ooverage re4uired by the mortagee, on dwellin~ eligibje for such bro4dened coverage - Pcovided how~ever, that such iruurance be in an amount sufficient to oom~p1~ with aay co-iiuuranoe requicemeots covering same under tbe laws of the S~tate of Florida, and provided further that tbe poliey or policies shall bo writteo in a comp~ny or eompanies and throu~ aa agency aatisfaetory to tLe Mort- ~ qagce and that said policy or policies shaD be held by tLe Martgagee and shall bear a standard New York I?~ortgagea Clause without coatribu- - tion,~ the loss under said policies payable to the I?iortgagee as its interest may ap~pear; and in tbe event any sum ofmoney becomes ' payable under any such policy or policies. We Mortgagee shall have the option to reoeive and apply the same on aocount of the indebtedness hereby secured, or to permit the Mort~agor w reoeive and use it, or any part thereof, for other purpoaes, without thereby waiving or impair- ing auy equity, lien, or ri~ht ~mder and by virtne o~ this mortgage; and in the event tbe Mortgagor does not comply with this covenant the ;~iodgagee uwy place sod pay for such inturance. or anY part thereof, without waiving or affecting the optian W f~redose, or any right ~iete- = under, and the full anwui?t of each and ev~ery such payment shall be imrnediately doe an~d~payabk, and shaIl bear iaterest from the date ''3 thereof nntil paid at the default rate provided in said note and together with such intereat ahall be secured by tha lien of this mortgage. Insur- `t ance covedng the peril of flood damage shaIl be as required by the Federal Ui:aster Piotection Act of 1973, or as amended, and mortgagor covenants und a~ces to oomply in aD respec~ts with the provisions thereof. 4. 'T6at uwrtgagee may. at any time during the mortgage term, and ia ib d'ucretion. apply for renewal of~ mort~age gaaranty insurance ~`j covering the mort age eiecuted by the undersi~zned on evea date herewit6,ps y the premium dne by reason thereof. and recluire repayment ' by the undersigne~ of such amounb as are advanced by said mortgag~ee. In the event of failure by the undetsigaed tor~aY said amounts to caid mortgagee. sucb failure shall be considered a default, and all provi~ns of the note and mortgage with regard W default shall be applio- able. 5. To permit, commit ar suffer no waste, impairment or detcrioretion of sald pr~operty, or any part thereof. and upon tbe failure of the ~ rrwrtgagor to keep the buildings on said property in good oaadition of repair the Mortgagee may demand the immediate repair of said bai~d- inp,s, or an increase in the amount of security, or the immediaterepaym ent of t~e debt hereby secured and the failure of the Mortgagor to com- ~ ply wit6 said demand of the Mortgegee for a period of t}urty (:A~ days, sba11 constitute a breach of thit mortga ge. and, at the option of the ~ Ato~p,agee, immediately m~ture the entire amoant of prir~cipal aad interest 6ereby secured, and immediately and withovt notioe. the Mortgagee ~a n,ay institute proceeciings to foreclose this mortgege and apply for the appointmeat of a Receiver. as hereinafter pravided. ~oYr. ~~I~C 815 ~ . . _ . _ ' " ' . - - ~ ~ ~~n.s'.,x 7... a~t ~~,N ~ _ ' V. , m. '