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Home My WebLink About2121 TO NAYS AND TU HOLD the arse, together with the teaanenb, bereditameats sad appurtenances, unto tbs Mortgagee, in fee simpb. AND the Mortgagor does hereby covenant with the I?iort~gee that be is todefeui~yy teixed d said 4nd is fes simpler that bs bat full power and lawful right to convey said land in fee siu?pb as aEwauld; that it shaD be L~v[ul for the Mortgagee at all time peaceably and quietly to eater up~o~ bold. occupy and en said land: that said Iand is free from aD Incruubranoes; that he will make such further nsnrraooes to protect the fee simpb titb to sad 4od in the Mortga ee as mar reasonably be ratuired; that hs doe hereby fogy warranc the fish to said laud and will defend the same against the lawful ~aimt of aD persoot arbomtoevar. PROVIDED. ALWAYS, that B the ldatgapor sbaD ps0? since tb4 Mortgages the certain promissoryy note d whkh the fal)orrins fa words sod figures it a erns Dopy. itio~w~tr COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH I DX#~M~E ~AfE ~ RMERA BEACH. FLOAIDAMa r c h 7 19 ? 9 I Being indebted, for vahne reoeIved, the undeaigned jointly and severally p~~ ~ WY bo OOMMUNITY FEDERAL SAV- WCS AND LOAN ASSOCIATION OF RIVIERA BEACH at its dfioe to the City d Rivbra Beach. Florida, ar order, the sam d THIRTY EIGHT THOUSAND THREE HUNDRED&No/100ths DOLLARS (i 38, 300. 00 ) ' together with interest thereon a: hereinafter dated to monthly fiats d THREE HUNDRED. THIRTY FIVE l AND 19 100-------------------------------------------DOLLARS (i 335.19 ! The find shall be due and payable oa the 10th ~Y d August 19 . ? 9 and subr+equeat indallments thaII be due and payable on the 10th ~Y d each and every alendar month thereafter rmtll the and intered `re fnIly ~idxJntil tl~e first payment above-mentioned, interest s~ due anU payable month y. ~e~ sums may be paid at ytime, bat the ppaayment d any such huger sums in addition to the payment: herein re- shaD not nelbve the makers da the t d the monthly ;asfallments herein provided for. unless it is specifically stipn- Ltq ed by the makers at the time d paymentpthat arch lamer sums are to be applied to the advance payment of the monthly tastall- _ ~ menu next ma in the Order of their due datxs. A11 payments made upOD this note shall be applied first to the payment d ~ accrued interest and secondly upon the principal. This obligation shaIl bear interest from date at the rate d nine and nine/tenths per cent ( 9.90 96) per annum nntil the principal and interest are fully paid. j Interest for each calendar month :haII be accnred on the fiat day d said month sad be computed On the unpaid balance d principal and interest existing on the last day d the preceding month. This note shall be considered in defauh when any ppaaY~~- ment required to be made hereunder shall not have been made by its due date and shall remain in defauh until sad paymen' shaD have been made. Whit in default, this note shall bear interest at the rate d - - -fifteen - - - - - - - pe ( 15 'Xr) per annum is lieu d the rate hereinbefore spedfiea. All makes and endorsers now or Lereafter parties hereto jointly and severaDy waive demand, notice dnon- payment and protest, and agree that in the event d defa tin the payment d any installment due hereunder for a period d thirty (30) days the whole d sad indebbedmre shall thereupon at the optim d the holder. became imrnediatdy due sari paY- ab1e, and if this note becomes in dehuh and B in the hands d an attorney for oollectIan, tD pay reasonable attorneyrs fees and all other costs including coats and attorneys ees d Appellate COart Proceedings far making such collection. ! This rwte may be prepaid in whole ar io part at a~ time without penalty. s/Ann Peck EAL) Peck Construction Co. nn ec s/Alders F. Peck, Sr, . Individuallys~Lt Bycs./Alders F. Peck, Sr. Pres. (SF~,) Alden F. Peck, Sr. , Individually Alden F. Peck, Sr. , Pres. s/Alders F. Peck. Jr. Individ~lly _ s/Kevin O. Peck,__Individually _ (gam,) Alden F. Peck, Jr. , Individually - Kevin ~~-Feck; Individually-~--~---- I ( (This note is secured by a mortgage d even date esecrded by the makers in favor d Community Federal Savings and Loan Arm. I of Ri~~era Beach ) I and shall prom~y comply with, and able by each and every the lions, agreements, oonditioas, and covenants a~f said prom- issory note and of t~is deed, then the estate hereby created shall cease anduII and void. AA'D the Mortgagor does hereby ooveaant and agree: 1. To pay all and singular the principal and interest and other snnus d money payabb by virtue d said promissory nacre and this mort- cage, or either, promptly on the cLys respectively. the same severally Dome due. 2. To pay aII and singular the fazes, assessments, kviesl liabilities, obligations and encumbrances d every nature on said described prop- F arty each and every when due and payable according to law, before they become delingaeat, annd if the same shall not be promptly paid the Mortgagee may at any time either befom or after delinquency pay the same without waiving or affecting the option to foreclose, or 1 ar?Y right hereunder, and every payment m made shall bear interest from the date thereof at the rate provided in said promissory none. 3. To keep the buildings and aII equipment and personal ~~perrttyy now or hereafter an sad premiers, covered by this mortgage„ insured in a sum at lead equal to the unpaid balance d this mortgage, ~induding food. esbeaded coverage vandalism, malicious mischief, and any other coverage required by the mortgagee, as to properties other than da~ing~ and fire, flood, ertenxl'ed coverage, special-form other-perils ~ insurance, and anry other coverage required by the mortagce, as dwellings eligible for such broedeaetl owes~e -provided, however, that such insurance be in an anwrmt sufficient to oasnoly with any oo-iasuranoe nequiremmb covering same under the Iaws d the 3State d Fbrida, m and provided further that the policy or policies ssfbtaa~u be written is a company or companies and through an agency satisfactory to the Mort- gagce and that said policy or policies shall be held by the Mortgagce and:ball bear a standard New York Mortgagce Clause without oontn'bn- tion, mal~ng the bas under sad poUcies payable to the Mortgagee as its interest rosy appear; and in the event any sum d becomes payable under any such policy or poLGies, the Mortgagee ahaD have the option to receive and apply the same On acrormt d the .ry hereby secured, or to permit the Mortgagor to receive a~ use it, or a~ part thereof. for other purposes, without thereby waiving or impair- ing any equity. lien, or right under and by virtue d this mortgage: and in the event the Mortgagor does not compply with this covenant, the ~ Mortgagee may pt~aco and pay for such insurance, ar any part thereof, without waiving or offectmg the aptiou to fa~reclaae, or any right here- under, and the full amount d each and every auh payment shall be immediately due and payable, and shall bear interest from the date thereof until pad at the default rate provided in said note and together with such interest sbaII be secured the lien d this inertgage. Insur- ance caveria the peril d flood damage sbaD be as required by the Federal Disorder Protection Act d 1973, or as amended, and mortgagor covenants an~ agrees to comply in aD respects with the provisions tbened. ~ 4. That mortgagee may, at any time daring the mortgage ttrm, and in its discretion, apply for renewal d wortgaSe guaranty irssurance covering the mortgage executed by the undersigned on even date herewith, pay the premium due by reason thereof, and require repayment by the undersigned of such armunb as are advanced by said mortgagee. In the event d failure by the undersigned to repay said amount to said mortgagee, such faihu shall be considered a default, and aD provisions d the note and mortgage with regard to default shall be applio- able. 5. To permit, commit or suffer no wade, impairment or deterioration d said , or any part thereof, and upon the failuro d the mortgagor to keep the buildings en said property in good condition of repair the 1~ii~grtagyee may demand the immediate repair d said build- ings, or an increase in the amount d security, or the immediate ymant d t~ne debt hereby secured and the failure d the Mortgagor to oom- pply with said demand d the Mortgagee for a period d thirty (30 days, shall corutitute a breach of this wortgag and, at the option of the `fortgagee, immediately mature the eatiro amount d principal aintened hereby secured, and immediately and without notice. the Mortgagee may institute proceedings to foreclose this mortgage and apply for the appointment d a Receiver, as hereinafter prvvirkd. ~ ~ 4 2119