HomeMy WebLinkAbout0398 TO ~iA~'E AND '!'V IiOLD the uine, together a~th tLe teueu?eats, 6erodltamenb and appurtet~aaoa, unto ths 1?tat~aSee. ia fec dmple.
At~tD ehe I?latgagor aoes hereby ooveaanc with cbe i?t«tgagee that 6e b indete~t~y ,ot~ed aE saW laod m fee dmpler that bs 6.s
full power and lawful rig6t to convey wid land in fee simpk as atore~aid; tlut it tlwll beLwfd for tbe I?tortgagee at all times paa~~bly ,
and quiedy to eater 6old. aud ea taid land; that said land b free !rom all iacumbrances: that he will make sucb
upcw~ u
assu~ances to protect the tee simpl~ to ia tbe Ma~tgagee as ma re~orably be ~nired; tbat he doet hereby fuDy viraaaat
the title to aaid land andtwill defead the san~e agaimt the lawful datu~ d~ pe~sont ~a~a~oe~e~.
PROVIDED, ALWAYS. tbat if tLs I~Ia~tg~gor ~6aII pp? ~o~o tbe MortS+S'~ P~Y note af wWc6 the folinwins fu ;
waRlt ~od figure~ L a hos copy. to-wltt i
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~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCUTION OF RIVIERA BEACH ~
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i ~ ,9 78 ,
! RIVIERA BEACH. FLOAIDA November ~
~S for value ceoaiv~ad, tbe under~ned ~indY ~~Y P~~ ~ WY Eo OOMMUIJITY FEDERAL SAV
[NCS AND LOAN ASSOCUTION OF RIVIERA BEACH at its offioe in the CIty of AivIen Beac6. Fbrida, a order. tbe sum oE
THIRTY FIVE THOUSAND TWO HUNDRED AND NO/ 100THS--~OLLA~ts 35, 200. 00 ~
toget6er with interest therea~a as heceinafter ~taoed in anouthly in~b eE TWO HUNDRED NtNETY SEVEN
I AND 83/100--------------------------------------------- noLL~xs (i 297. 83
! 'Ibe gr~t i~meat ,hall ye d„e .nd p,yabb on the l Oth day of December 1~8
( aad =ubseqmat iastallmmts shaII be due ~and payable m the l Oth day af each and every csleadar month therrafter
~ mtll tLa principal wd intere~t are fWly paid.
j er smas may be paid at ~0.~'~ m~tLlv ~~bere;n vro~vided f~ ~ it b~k
Ur stipa-
~ nnt,~,l ~ nn~ ~ie~ve the malcros pa
~ 1'ated by tbe mabe~s at the tiu~e of yu~ent that s~ch sum: are to be applled to tbe advance p~yment ~ the monthly iastai!-
tiu pa
~ ments next matur~ng in the ader of their due dates. payments made upoa this aote ahaD be agplied Rrst to the paymeat of
~ accreied interest and secondly upon the principal.
'Phis obUgaHon ahaIl bear tnteresc from date ac ibe race of nine and one / half . per cenc ( 9. 50 96 )
I per annum until the principal and interat are fully paid.
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1 Interest fo~ each calendar month s6all be accnied on the first day oE aaid manth and be camputed m the unpaid balanoe
of principal and interest ezisting on t6e last day of the preceding month. This note shaIl be o~sidered in defanlt whea airyp~
Y~-
I mmt required to be made hercunder shall ~ not have boen made by its due date and sha11 remain in deEault untll said payment ahall
n1t,
' Lave been made. While tn deh tLB noce thall bear interest at the rate of ten- per ceat
~ ( 1 A 94 ) per a~~ in lten af tba rabe here~nbefora specified. -
All msken and wdorse~s ~w or Lesditer ~ p~rtia Lereto ioantlp and severallY waive dcmand, notioe a£ non-
I payam~t and pmbest, and a~ee tbat in tLa eveat af deEa in tbe paymeat afa~? im~llnaeat dae heie~mder for a period of ~
thirtp (30) days tbe wLoie of aid indebeedne~t :6aD tL~a~n at tbe option of tbe hdder> bccome imnuediately due and PaY-
, abk, and if this note beoomes in deh~lt and is plaoed in the hands ef an attornry for ooIlecHoo. to PaY rasoo~ble attort~ey~s fees
and all other oosts including caats and atto~anys fees af AppelLte Co~ut Prooeedia~t fa malon~ st~h oollection.
This note may be prepaid in wLok or in put at any time without penalty.
7~~~~yy`sO ~O~~u~
l _~g~,~ _____._~Thomas E. Wurster _(S~,)
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i Thomas E. Wurster
~ Q • 011/
A-~~ _ .~s~.~
' r~xwLi ------BL Btax--------------- - - -
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Janet A. Wurster
('I7~is note is secured by a mortgage of even date e:ccvted by the maken in favor af Commanity Federal Savings and Lo~an Assn.
of Ri.icra Beach)
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i and :haII prom donn, ooanply with, and abide by each aod every tbe a~eemeats. oonditions, and oavenants of said prom-
E ISSOI')? ~6 11E~, ~~E Eif8LE bCt~C~? ClEI~ i~ill OEaSE iD~ AIlII ~ VO~. '
~ fbC MOit$i$O! aOES bEfCby COVCiii~ ~ a~'EE:
~ 1. To pay aD and sing~ilar the p~indpal and interest 4nd otLer sam~ af nwaeY WYgbk bY vlrtne af said promi~sory not~e and this mozt-
gage. or either, Promptly am the daYs rGSpxtiv~elY. the s'ms sev~erally oo~e dne. ~
~ 2. To pay all and singular the ta~ces, a~eab,~,~, Labilitid, obli~tians and ~ of every natnre on aaid described prop-
erty each and every when due and payable accordina to Iaw, before they beoome delinqaent, and if the same shaIl not be promP~Y P~
~ tbe Mortgagee may at anY time either before or after delin4u~,'Y PeY tbe same witboat waiving or afEecting the option to faecloae, or
any right hereunder. and everY P~Y~t so msde shall beat. intet~est from the date tLeieof it tLe iate proYided in said promisa0ry aobe.
g 3. To keep the buikling~ and alle qmpmeat and pe~woal p~y novv or heceafter m said premi~s, ooverad by this moitgage, iniured
~ in a sum at least e9m1 to t~e unp~id balanoe af this mortg,a8e, iududing firg, $ood. e:Eeadad ooverage vandalism, mslidwis mucbief, and
any other coveragereqnire~l by the mortgagee, as to properties other than dvvelHa sad fire, flood, ~ed oaverage, spec.tial-form other-perils
; insurance. and e~ other aovera8e required M? ihe mortagee, ~ dwellin~t dig~e for such bradened oavera~a - Provided~ hovvever, that
~ such insurance be in aa amoant sufficieat to oom.
p1Y with any oo-insuranoe req~b coverin8 same ~mder the Iaws af tha State of Fbrida,
' and pmvided further that t6e policy or policies shau be written ia aco~pany or oompania and thmu~ aa agen~.y ~tisfactory to the Mort-
5 8agee and that said policy or policies shall be Le1d by the Mortgagee and s6a~ bear a~andard New Yorlc MartgaSee Clanse without oontribu-
~ tion,~~ the loss under said pol;cies payable to the Mo~rt~agee as w intereic rosy ap~p~r; and m the event aay sum ofm~e~ beoomes
payable u~er any sucL polic~? orpo1~cies~ t6e Mortgagee shaII have the optian to reoeive and ap~ply the same au aoow~m af tbe indebtedne~
hereby secived. or to pcrmit the I~t or w receive and ~ue it, or a~ pert thaeaf. for otber pnrposea, vvithout therebY waivia8 or imW~i*-
~rtgag ue
~ ~B ~Y e9w~Y. 1ien, or rip~ t under and bry? virtue of this mortgage; and in the evmt the Mortgagor docs not comply with this aovenant, the
' biortgagee may pl~ace and pay for such incurance. or any part thereof, ~vithout waiving or affechng ~the a~tton to f~ose, ar any rig6t hero-
t under. and the full amount of each and every ax~ paYment s6all be immediatdy due an~d~a
ribb. aad shaII bear interest from the date
thereof until paid at the default rate provided. in said note and togethu with mch inberat :haII be secured _by tbe lien oE thit mortgage. I~r-
' auoe oavering the perf1 of flood damage sl~all be as rcqnired by the Federal D~ter Protectiao Aa of 1873, or as amended, aad mortgagor
f oovenants and agreea to o~ply in all re.tpccts with the provisions thcrco~. .
rena va
: 4. That mortgagee may, at a~ time during the mortgage term, and in its disaetion. apply for renerval of mort Se Sua*antY iasurance
} cavering the mort ge e:ecuted by the undernigned on even date herewith,pay tLe premium dueby reason , and recl~ ~Y~~
by the undersi~of such amounta as are advanced by said mortga~ee. In tbe event of failure by the undersiSned torepa said amounb to
" said mortga8ee, such failure shaD be constdered a defauk. and aU paovisiaas of the note and mo~ga~e with regard to defa
!t s6all be a~lie-
~ abk.
~ 5. To percnit, oommit or suffer no waste, impairmeot or deterioration of saidpro . o* enY Pa~t thereof. and upon the failiue of tbe
~ mort8s8or to keep the buiklings an said praperty In good candition of repeir the tb ir~ maY demand tbe immediate iepair of ssid build-
ings, or an inciease in the anwunt of security, or the immediate ~m ent of t~e debt here ~ecurod and the fa~~ue ~ the Mort~agor to com-
ply with said demand of the Mortgagee for a period of ihirty ( 30 days, sbaD constitnte a ch of tLis mortgage.~ and, at the option of tLa
Diortgagee. imu~ediately mature tbe eutire amwnt of prindpal ~interat hereby secured. and Immediately and tbout notice, the Mortgagea
~ may institute proceedings to foredase this mortgage and apply for the appointrneat oE a Reoe~ver~ a~ herefmfba pro~vided. -
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