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Home My WebLink About1513 TO HAVE Ah'D TO HOLD the same, together with the tenements, heraiitamena sod appurtenaaoes, onto tbs Mortgagee, in fee simpb. ArD the Mortgagor door hereby covenant with the Mortgagee that 6e b indefeadbly seized of said 4od in fee simper that he bn full power and (awful right to convey said laud in fee simple as oresaid; that it :haU be lawful for the Mortgagee at aU times poa«ably d gwetly to enter upon boW, occupy and enjoy saM Land; that said land is free from all incrunbrances; that he wiD make :uc6 further ass noes to protect the lee simpb Ntle to said land Lr the Mo~rt~sgee as ma reas~ably be required; that he don hereby fully wamnt the ti to said land and will defend the acme against the lawful clairw of a~ persona whoo~oever. PRO DED, ALWAYS, that if the Mortgagor sbaII pq mtte dte Mortgagee tbs certain praosissay note of which the faUowiag io wads and b • true Dopy. Eo-wdt: i COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH ~ux#~tI~E ~D#E RIVIERA BEACH, FLORIDA Ap r i 1 2 3 19 7 9 ~ Being indebted, for value received. the undersigned joh?tlY and severaIly promise to pay tD COMMUNITY FEDERAL SAV- INGS AND LOAN ASSOCIATION OF RIVIERA BEACH at is effioe is the City of Riviera Beach, Fbrida, or order. the sum of SEVENTEEN THOUSAND AND NO HUNDREDTHS--------------------- DOLLARS(i17,000.00 ) together with interest thereon as hereinafter stated in monthly installments of ONE HUNDRED SIXTY NINE AND 73/100------------ DOLLARS (i 169.73 The ftrst instalimeat shall be due and payable on the 10th ~Y ~ October 19 79 and subaegneat installments shall be due and paY~e ~ ~ 10th nay of each and every calendar month thereafter until the principal and interest are fully ia~• Until the first payment above-mentioned, interest shall be due and payable monthly. ~r~er sums may be paid at an time, bnt the payment of a~? such larger soma in addition to the payments herein re- i quired shaIl not relieve the makers of the payment of the monthly instaDmena herein provided for, unless it is specifically stipu- lated by the makers at the time of payment that snch larger sums are to be applied to the advance payment of the monthly install- i mend neat maturiang ofd a~p~dates. All payments mane npon this note shall be applied first co the payment of accrued interest and This obligation shall bear interest from date at the rate of ten and one/half per cent ( 10. SO 96 ) per annum until the principal and interest are fully paid. I Interat for each calendar month shaIl be accrued on the first day ~ said month and be oompnted on the unpaid balance of principal and interest existing on the last day of the preceding month. This note shaII be considered in default when any ppaay~-~ i meat required to be made hereunder shall not have been made by its due date and remain in default until said payment shaD ~ have been made. Whit in default, this note shall bear interest at then of fifteen--- per cent ~ ( 15 96) per annum in lieu of the rate hereinbefore spedfied~ All makers and endorsers ma+ or hereafter parties hereto jointly and seversDy waive demand, notice of non- payment and protest, and agree that in the event of defa tin the payment of a~? installment due hereunder for a period of thirty (30) days the whole of said indebtedness shaII thereupon at the option of the holder, become immediately due and pay- able, and if this note booomes in dehult and is placed in the hands of an attorney for collectiao, to pay reasonable attorney's fen and aD other costs including costs and attorneys foes of Appellate Caut Proceedings for making snch collection. This note may be prepaid in whole or in part at a~ time without penalty. ---s/Allen W. Czaplicki ---(SEAL) Allen W. Czaplicki ! ---s/Janice---E..-Czaplicki--- - - - - - (S~-) ~ an~ce E. ~~;;77a li~kii ! (This note is secured by a mortgage of even date ezecuted by the maker m favor of~ou~munrtyFederal Savings and Loan Assn. of Riviera Beach ) and shall proanp~y pe~{orm, comply with, and abide by each and every the ~puiatiaos, agreements, conditions, and covenants of said prom- issory note and of this decd, then the estate hereby created shall cease and 6e nuII sad void. AATD the Mortgagor does hereby covenant and agree: 1. To pay all and singuar the principal and interest and other soma of money payable by vL~toe of said promissory note and this mort- gage, or either, Promptly on the days respectively, the same severally Dome due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and eaeurnbrances of every nature on said described prop- f -rty each and every when due and payable according to law, before they become delinquent, and if the same shall not be promptly paid ~ the Mortgagee may at any time either before or after delinquency pay the same without waiving or affecting the option to foreclose, or # any right hereunder, and every payment ao made shall bear interest from the date thereof at the rate provided in said promissory note. 3. To keep the buildings and aD equipment and personal now or hereafter oo said premises, covered by this mortgage, insured i in a sum at least equal to the unpaid balance of this mortgage, pincuding flood, eztended coverage vandalism, malicious mischief, and any other rnverage required by the mortgagee, as to properties other than d gs and Eire, food, e:ten~ed coverage, special-form other-perih insurance. and any other coverage required by the mortagee, oo dwellings eligib~e for such broadened coverage -Provided however, that such inuvrance be in an amour sufficient to eomp~y with any co-insurance requirements covering same under the laws of the Sttate of Florida, and provided further that the policy or policies shall be written in a company or companies and ihrorrgh an agency satisfactory to the Mort- gagee and that said policy or policies shall be held by the Mortgagee and shall bear a standard New York Mortgagee Clause without contn'bu- lion, malicegg the lass under said policies payable to the Mortgagee as its interest may appear; and in the event any sum of money beoamea payable r,~er any such policy or policies, the Mortgagee shall have the option to receive and apply the same on account of the indebtedness hereb secrued, or to permit the Mortgaggor to receive and use it, or any part thereof, or other purposes,. without thereby waiving or impair- ~ inq a~ equity, lien, or right under and by virtue of this mortgage; end in the event the Mortgagor does not comply with this covenant, the 'Mortgagee may ppl~~a~~ce and pay for such inuurance, or any part thereof, without waiving or affecting the option to foreclose, a any right hero- under, and the ful! amount of each and every sud? payment shall be immediately due and payable, and shall bear interest from the date thereof until paid at the default rate provided in said note and together with ouch interest shaIl be secured by the lien of this mortgage. Iasur- once covering the peril of flood damage sbaD be as required by the Federal Disaster Protection Ad of 1973, or as amended, and mortgagor k covenants and agrees to comply in aD respects with the provisioru thereof. 4. That mortgagee may, at any time during the mortgage term, and in its discretion, apply for renewal of mortgage guaranty insurance covering the wort age executed by the undersigned on even date herewith, ppaay the premium due by reason thereof, and regain; repayment by tbe undenigne~ of such amounts as are advanced by said mortgagee. In the event of failure by the undersigned to said amounts to said mortgagce, such failure shall be rnnsidaed a default, and all provisioru of the note and mortgage with regard to default shall be applies able. t 5. To permit, commit or suffer no waste, impairnrent or deterioration of said pprrooperty, or any part thereof, and upon the failure of the 'r mortgagor to keep the buildings on said properly in good condition of repair the I?iortga ce may demand the immediate repair of said build logs, or an increase in the amount of securit , or the immediate re ayment of t~e debt here secured and the failure of the Mort gor to rnm- ply with said demand of the Mortgagee for a period of thirty (30) days, shall constitute a reach of this wortgage, and, at the option of the \lortgagce, immediately mature the entire amount of principal ants interest hereby secured, and immediately end without notice, the Mortgagee may institute proceedings to Eoredose this mortgage and apply for the appointment of a Receiver, as hereinafter provided. ~flR,<3t17 ~~~E1~i3 i