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HomeMy WebLinkAbout0758 TO !iA\'E MD 'TO HOLD the same, togethec with tho teaemeuts. beralitaa~enb aod appurteaanoa. onto ths Mo~t8s8oe. in fee ~mpk. AhD the 1ltortBeBor doas heceby covenant with the 1?tort t6at be it iadefe~ibt~r ~eiud of taid lu~d in fee dmple, tLat bs f~dl po~ver and luw[ul ri~ht to con~^cy aaid land iu feo simpb as oresaid; thst tt shall ba lawful fo~ the Mongagee at aU timesp~a ce~b~Y uixl quietly to eater upou~ hold, occupy aad eap'y aa~id l.v~d; tlwt ~aid laad b froe fraa all incumbraaces; that he wtll mdce such Eurthar assureoces to protect the [ee simpk titb w uid inod in the• Mo~rt~agee as ma t+easooably be re9Wredi tLat Ls doa hereby EullY warrant the title to said lanJ aad wtll defend tLe same against ehe 4awlul claicas d a~l perions wliaio~oever. PROVIDED, ALWAYS. that if tbs Matgaga ~h~11 pq m~o the MwtgaB'es tbe oeetain P~omiao~l~ note of whkL ths fdbwin~ in ~ wpdt aod fiNra i~ a drns Oopr. ~o-wltt i i i CObiMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH ~ ~ ~ ~IIX~~tY~E ~0#E ~ ~ ~ ~ g~~~ g~,p~w December 4 19 78 ~ Bdng ladebted. for value ~eoeived. the undersigmd l~~Y ~~Y P~ ~ P~Y to OOMMUIJI'IY FEDSRAL SAV- I eoei INGS AND LOAN ASSOCIATION OI~ AIVIERA BEACH at its officb in the CitY of Alviera Beac~. F1o~ida. or otder, the s~o of ! THIRTY IvINE THOUSAND AND NO HUNDREDTHS------- ~~RS (~39, 000. 00 ) ~ cotcetbrr wtth mcereet t6ereo~n ~ he~einaEter ~ced ;n moutWy iz?stallmenb d THR EE HUNDRED THIRTY ~ ~ SEVEN AND 05/100------------------------------------DO~.I.r?RS (8 33T. 05 ; ~tbe 8nt tm~t :haU be due and payable on the lOth ~+y ~ January 19 ?9 f aud aub.aluent tmtallmenb :ball be due and payab~e oo the l Oth day af e~ch and eve~? calendu m~ch therafcer ~ ~ imtil tLe priacipal and intArest are fi~Ily paid. - ~ I.arge~ s~ may be ratd at time. bnt thepaymen : af .nr snch luger sumt m addition co ebe payments Iyerein re- ~ quired ahaII not relieve the makers of~ yment of the monthly iattanmeafs herein providod for, unkss it is :p~fi~IlY mPn- ~ lated by the makers at the time ofp~ yment~that s~x;h larger aums are to be applied to the advanoe payment of tbe monthly instaII- ; meab na[t maturi~g in the order of their due dates. All p~yments made upoa this note shal) be applied first Eo the payment af ! aocrued interest and seo~~d1Y uP~ ~ P~W~- ~ quarte r s ~ This obligation sball bear interest firom date at the rate of nine and three/ a~ ~t ~ 9. ?5 - i per annum until che pri~;pal and incetest are fiilly paid. ~ Interest for each calendar month shall be accsuod oa the first day of said month and be oa~mputed on the unpaid balanoe i i ~ P*~P~ u?d interest ezLsting on the last day oE the preoedin8 month. This note shaIl be ao~idered in default when anYpa Y~- meat required to be m:de hereunder shaII not have been made bY its due date and shall ramain in dehdt untll sad paymmt :hall ~ have bcen made. While in dehult, this noee s6aIl bear inte:est st tLe za~e of te n---------- P~ ~ ~ ( 10 'X ) P~ ~?am in li~n of the nce Lereinbdore spedfied. ! ~ All mak~en and eadornrs now or Le~~after ~ partI~ Leieto jointly aad aeverally waive demand, noaoe aE non- payment and pmbect, aad agtee that in the eveut af defa t in thepaymea t ofan}? iastallment doe 6era~mder for a period oE mutY (30) days tLe wLole of nid-iadebbednds tbaII tbereu~aiu at the optian of t6e hdder, beoome immedia~y due and pay ab1e. and if tLis note becomes in dehult and is p4oed in the hands aE an attamey fo~ ea~lect[ao, to paY reasooatik :tt«ane~s fea and all other casts including aoats and attaaeys fees af Appellste Court Prooeedi~ fo~ ma1aa8 such collection. TI?Ls note may be prepaid in whok or in put at a~? tfime without penahy. ~ 1 , ~ (SBAL~ -----~/_.~_rtin M. Brett ---(SEAL) Martin M. Brett ~ ~ , - ~ L) --_sJ Ha zel C. _ Brett. - - ~ ~ -ts~?I.) i ~aze~ C. rett € ( This note Lc secuied by a modgage d tven date esecated by the ma rs in avor of ~mity Federal Savings and Loan Assa. r of Riviera Beach ) ~ and shall P and af this and abide by e~h and every tLe stlpuLtioot, a~eemmb. aondit~oos. aad aaveaanb af s4id praan• i isso~y note deed, thea tLe esmte Lereby cre4ted a6a11 oease and be nnII and vaid. ' ; AND the Moctgsgor does herebg? oo~veaa~ and agree: + 1. To pay all and singolar tLe piindpal and interESt and otLar m~ af mo~Y P~Y~~e by viitue cf said pranis~? note and this mat Saavs "....`.^....".s rg`~%r i r=- ----~iyr~r; t}us d+~ i~ : 2. To pay alt and singuLr the taus, a~mb? levi~, liabilitia. obligatioos and e~amb~ances of every nature on said deaanbed p~op- ~ erty eacb and ere+Y w+Lea due and PaYable iooordina to law, before the~? beoo~me delin9uent, and if the ~ame ahaD not be promptly Paid # th$ Mortgsgee may at anY time either beforQ or afcet deliaq~.y pay t6e same witl~out waiving or affecting tLe option to foreclose. or any ri~t hereunder, aad ererY MY~t io uotde slull beu iate~st Goat the date BiereoE d tLe rate p~ovicled ia nid pzomi~ory nobe. 3. To keep the buildings and aDoqw Pmwt and Perwoal now or hera~fDer m said prea~ises, oov~ered by? this mortgage. insured ~ in a~m at least equal oo the unpaid balanoe af thts mortSa80. po~n8 flood. art~eoded aovera~e, v~andalism, mdidous mischief. and . any otber coveragerequin.d br the mort8a8~, ss co ~xoperties other than d .ad fue. flood, e~teaded cave~a~e. mccial-foim ocher-perib ~ insarancc, ud any otl~er awerage re9uiied M? the morta8oe, on dwe1linp ' fo~ snch broadeaed provid how~ever. that t sucL irauranoe be in aa amount saffic~nt to wltL auy oo-insnranoe re9~ oaverin8 same ~md~ Lws of ths~tabe af Florida, and provkied further that the pdicy or pdicies~ be writben in ~com~any or oomp~nies aad thron~ m e8eac~? satidacborY to tLe Mat- , ~ BaBee aad that said policy or poaicies ~all be Leld by the 1?~artgagee and tba~ be~r a standard New Yak MatBa~ee (~a~e aitlwut oonMbn- ti~,ma~n~ tl?e loes under said policies Pa~abk to the Morc~.~e as its intere~t may agpear. and 'm the event any som ef beoa~a ~ ayable unda any s~ch polK.y or d~e Mort~agee shaII have che optioo w recetve and apply t~e same on aooo~mc of ~~ebtednas ~ ~Y a~ P~t the ~g~g~or to reodve and use it, or aayY Part tLereof. for otLer p~up~ea, without tLeieby waiving or impair- in8 anY «luity.lien. orrig6t ~mder a~nd hy v~tue af this mortSsBe: and in tbe eveat tbe Mortgagor does not camply w~ith this oavenant, die ~ Mortgag~ee may pl~aoe and p~y [or such ias~iana, or snY part thereo#, w+It6out'Naivin8 or ~ff~ ~ng tLe oQtion to foreclase. or any right hero- unda. and tLe fnlt amonnt of each and everY ~ WY~t shall be immediabelY due ~~~pa~ ba le, aad ~all bear Interest from the date ~ thereof until paW at the default rate provided in said note and Mgether w~ith soch inte~rst 1 be sec.vred_by tLe L'ea ~ this~g~ ge. Iatar- , ~ oo~ the perff of Elood daa~a~ :6a11 be as reqaired by the Fede~al Di~ter Probecilm Ad of lffl3, or at ~mended. ann mortBaSm cov~ants ~ a~ees to oomply in all respects wtth t6e providaas tLeieof. 4. 17~at mortgagea may, at a~ time dnring the mat~e term. and in ib di~cx+et?on, aPP1Y for t~ene~val of~~Beand~rep~?yment : - covering the mo ~ecvted by the u~e~l~ed on evw date herewith.pa Y the pnmium dne bY *~so~ ~ defa~ shaD be applio- by the such e:nounb as are advanced by said mortgaeee. In tLe event af failure by the imdersi8ued bn said auiounts w ~ said mortgaSee, sac~h failure shall be co~sid~ed a default. and all psovisfo~ of the noee and mortgs~e wHh regatd to ~ abk. 5. To permit, oommit or suffer no aaste. impainmeat or deterioratton of taid~y . or wY P~ and npon tLe failure of tLe ~ ~ mortgaSor to lcxp the buildings an :sid property in ~ood ooaditioo of repair tLe Mortga may demand tLe imooediate repair of s~id build- ' i ings, or an increase im the ama~nt oE sec~uity, or the immediate ym ent of t~e debt sec~ued and tLe failnre of tbe M~ to oom- 4 mo ge~ ply with aaid demand of the Mortg~gee for a period of thirty (30 days, s6all oonstimte a of this mo~rttg~ anc1. at the option of t6e - I?iortgagee. immediatdY maque the entire amount of princ3Pe1 interat herebY and Immediate1Y and ~rltlwot iwtioe„ tLe Mo~tg~e may insHtute prnoeedinp to fo~edo~ tWs mortga~e and apply foc the ~ppdntmeat of a lteoe[ver, a~ Lerdn~fter pcovjded. g~~,~299 ~ 7~ _ ~ ~ - - - ~ ^ ~__r - ~ { , ~ , a ~