HomeMy WebLinkAbout1937 T'O HAVE AND TO HOLD the awe, together with the tenements, bereditaments and apparteoarroes, mto the Mortgagee. in fee simple.
AND the Mortgagor does hereby ooveaant with tbs Mortgagee that he b indefea:ibl seined d said land in fes simpls, that hs bas
full power and lawful right to ca~vey aid land do fee simple as oresald; that it shall be wful fat the Mortgagee at all times bn'
and quietly to enter upon, hold. occupy and eajarsdd 4nd: that said Wd Is free fran all incumbranoea; that he will makes sud? further
assuraaoes to protect We fee simpb tltie to Baia You In the Mort~goe as ma re~onabb be ratoired: that bs does hereby fully warrant
the title to said land and will defend the same against the lawful claiu~t of a~ persona wboaoaoerer.
PROVIDED. ALWAYS. that iE tbs MatBagat shall pay toYO the Mortgagee the oetbain promissory Hots d whkh the toiloaring m
wads and figures is a trns copy, lo-wit: ,
{ COMMUNITY FEDERAL 3AVING3 AND LOAN ASSOCIATION OF RMERA BEACH
~DX#~M~B DfE
~ AMERA BEACH. FLORIDA February 2T 39 ?9
Being indebted, for vahre received, the undeaigoed ioindY and sevaaIIy I~ ~ WY bo COMMUNITY FEDERAL SAV-
[NCS AND LOAN ASSOCIATION OF RMERA BEACH at its offloe ip the City d Riviera Beach. Florida, a order. the snm d '
THIRTY FOUR THOUSAND SIX HUNDRED AND NO/104ths--DOLLARS (i34, 600. 00 )
together with interest thereon as hereinafter stated in monthly instalinneats d THREE HUNDRED TWO AND f
~ 81/100ths----------------------------------------------DOLLARS (i 302. 81
The Bat b~meat shaD be due and payabb oa the 10th dApril 19 ?9
i
and aubsegneot installments shall be due and payabb on the 10th day d each and every calendar month thereafter
until the prindpal and interest are fully p~• f
sums may be paid at time. but the paymart d an3? sncL Lu~get sums in addltioa to the payments herein ro-
quired not relieve the makers d~,e ix t d the mouthy ImtaDareats herein prwlded for, unless it is ~cificaDy stil+n-
lated by the- makes at the time of payment that sum lamer sums are to be allied to the advance payment of the monthly instat7-
~ meats Wert maturing in the order of their due data. AtI payments made upon this note shall be applied first to the p:ymmt d 3
socnred interest and seooodly upon the principal.
i
1 Thb obligation bear interest from dace at the race d nine and nine /tenths per Dent ( 9.90 96) -
per annum until the principal and interest are fully paid.
i Interest for each ealeadar month shall be aocrrred on the first day of said month and be computed oa the unpaid balance
of principal and interest existing on the Last day d the preceding month. This note shall be considered in default when any ppaay_-
meat required to be made hereunder shall not Gave been made by its due date and shaII remain in dehult until aid paymwt shaD
have been made. While in default, this note rbaIl bear interest at the rate d - _ _ _ -fifteen- - - - - - - - - - - per Deaf
~ ( 15 X) Da annum is lien d the rate hereinbefote spedfied.
{ AD makers and er_dorsers now or hereafter parties hereto Jointly and severally valve demand, notice of non-
j peymeat and protest, and agree that in the event d fiefs is the payment d installment due hereunder for a period of
a
k,Yan~if ~»no~te bwe
Dina in~de[adpLo~ed~S ~ t~Y ~ ~
1PaY ~~Y~s~~-
and aB other coats induding coats and attorneys fees of AppeDate Court Prooeedinp for making snch oollectioa.
Ibis note may be prepaid in whole a in part at any time without penalty.
; - ~(SEAL)s-/.~~7iig1 R,
Casey.
5~---------------- --------(S~)
Daniel R . Casey,
I
f ~ t~wra s-/Daniel_ R . Case-Y: --Jr. ------(SEAL).
: ~ j~anise R . usev~ ~Tr
('Ibis note is secured by a mortgage of even date executed by the makers m ~avor of Comm>taIty~`er;eral Savings sad Loan Assn.
f of Riviera Beach )
4
_
and stall prom~y ~{orm. onauply with, and abide by each and every the stipnlatlaos, agreements, omditioas, and eoveaaats of aid prom-
issory Hobe and of his deed, than the estate hereby created shaII cease and 66ee null and void.
AND the M does hereby covenant and agree:
1. To pay all and dngular the prindpal and interest and other sums d money payabb by virtue d aid promissory note and this mort-
gage, m either, promptly on the days respectively, the same severally Dome fine.
2. To pay a!1 and singular the fazes, assessments, levies liabilitka, obtigatioos and mcwnbrances of every nature oa aid described plop-
-rty each and every when due and payable aeoordirrg to w, before they become delinquent, and if the same shall not be promptly paid
the Mortgagee may at any time either before of after delinquency pay same witbout waiving or affecting the option to foreclose, or
any right hereunder, and every payment so made shall bear interest from the date thered at the rate provided in said promissory nobs.
3. To kcep the buildings and aII egwpment and pesood p~upesty now or hereafter an said premises, covered by this mortgage, insured
in a sum at least equal to the ffipaid balance d this mortgage, iodrrding food, extended oovera vandalism, malicirnrs mischief, and
~ any other coverage required by the mortgagee, as to properties other than dvfi~and fire. food, coverage, special-form other-perib
insurisrroe, and any other coverage required by the mortagee, on dwellings for such broadened however, that
such insurance be in an amour sufficient bo with a~ oo-iasuranoe requirements covering same ~ laws d the fate of Florida,
and provided further that the policy or policies shall be written In a company or companies and through an agency atidactory to the Mort-
~ Aagee and that said policy or policies shaD be held by the Mortgagee and shall bear • standard New York Mortgagee Clause without eoain'bn-
y lion, makLg the loss under said policies payable to the Mortgagee as its interest may appear-, and in the event say sum of moae~ becomes
yable under any such policy or policies, the Mortgagee ahaII have. the option to reoelve and apply the sine on aaamt of the indebtednes,
hereby secured, or to permit the M~rt~gor to receive and use It, or any part thereof. for other purposes, without thereby waiving or impair-
ing a~ equity, lien, or fight under and by virtue of this mortgage: and in the event the I?tortgagor does not oo~ply with this covenant, the
!Mortgagee may pl~a~ce and pay for such insurance, a any part thereof, without waiving a offecbng the option to foreclose, or any right here-
under, and the full amount of each and every such payment shall be immediately due and~a
byes
le, and shall bear interest fry the date
thereof until paid at the default rate provided in said note and together with such Interest shall be secured ~y the lien of this nwrtgage. Incur- l
~ once owennn$g~ the peril d flood damage shall be as required by the Federal Disaster Protection Act d 3973, or as amended, and mortgagor
4 cm-enants and agrees to oompy in aD respects with the provisias~s tbered.
4. That mortgagee may. at any time daring the mortgage term, and in its discretion, apply for renewal of wortgage guaranty irssurance
covering the mortgage ezecuted by the undersigned oa even date herewith, pay the Premium due by raison thereoF, and require repayment
by the undersigned of such amounts as are advanced by said mortgagee. In the event of failure by the undersigned to said amounts to
said mortgagee, such failure shall be eonsid~red a default, and all provisions d the note and mortgage with regard bo default shall be applie-
able. -
S. To permit, commit or suffer no waste. impairment or deterioration of said property, or any part thereof, end upon the failure d the
mortgagor bo keep the buildings am aid property in good condition of repau the INoitgagoe may demand the immediate repair of said build-
ings, or an incaease in the amount of security, or the immediate ymeat of the debt hereby secured and the faihue of the Mortgagor to eom-
ply with said demand of the Mortgagee for a period of thirty (30 days, shall rnnstitute a breach of this wortgage, and, at the option of the
Mortgagee, immediately mature the entire amrnrnt tf principal ainterest hereby secured, and immedLtey and without notice, the Mortgagee
may institute proceedings to foreclose this mortgage and apply for the appointment d a Receiver, as hereinafter provided.
B00lI c)[J~ DACE
U R~ 1935