HomeMy WebLinkAbout2828 TO 11AV6 AND TO HOLD the sung, together wlt6 the ter?eraeob. beredibtaenb sad appurteotaoes, unto tM Mortgages, io fee ata?pb.
AND the MtxtgaYor does hereby covesart! with the Mtxtga{~ee that be b ladefcruilrly tei>oed of old land in fa simple. that be has
full power aril 4w(ul t1Rht to convey old Itad in (ee dmpk u dort+uxl; that It dwU be lawful for dte Mortitague at all limas pewoahly
and yuk•tly to entw u n, ht>h1, a~ctrppyy earl cn~ay saW-lartd; that ofd lord b tree trtxa all faruutbrartcrs; that ho will nwks tuck further
a.•curattt.Yx to protect the (oe tirnple tfUe to ofd land in the Mort~agre at ma rratorwbly be ratulrtxl; that be duos heroby fully wsrraat
rho Utk to utJ hold and will tk(eotl the same attauut the lawful clahnt of all persons whawue•ver.
PNOVIDBD, ALWAYS. that li tbs Mat>;ttgor s6aU pay unto the Mortgages the osrWo pnwritsory ante of whkh the toUowiryt la
words sad figures b s true copy. to-wttt
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C011iMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
C'~laX#~M~e ~O~E
RIVIERA BEACH. !'-LORIDA May 16 I9 ?9
Being indebted, for values rtx•cived, t}w undeaigrxYl fohrtly and tcveraUy promise to pay to COMMUNITY FEDERAL SAV-
~ INCS AND LOAN A.S.SOCIATION OF RIVIERA BEACII .tt its office in Ute City of IUvlen Brach, I•-bride. or onler. tlrc sum of
FORTY ONE THOUSAND TWO HUNDRED AND NO/100ths---- DOLLARS (341, 200. 00 )
toRethrr with interest thercort as hereinaHer :toted in monthly instaWnenls of THREE HUNDRED EI HTY SIX
AND 43/100ths----- -------------------------------------DOLLAns 86.43
The first installment shall ire dtee and payalrlr on the loth d+y of October i~ ?9
and sulrstYltrent lrutaUutrnts shall Ire due aril payable on the 10th day of earh and every calrntlar month thcrcu[tcr
until the rincipa~ arx! inten•sl are ttdly paid. Until the first payment above-mentioned, interest
shall ~ie due and payable monthly.
Larger stuns may tee peed at a time. but lhr ~yua•nl of any such lary;er stunt in addltitm to the payux•nts herein n•-
tluirrd shall not relieve the nwkcrs of the papnxvtt of t ,e uxudhly installun•nts hrre•in pprovidrYl (ur, nnh•ss it is slNrifit•ally stipu-
IateYl by Ute makers at rhr liner of payment that such I:ut;cr sums arc to Ix: appheYl to rite advant.Y• paynu•nt u( the montldy irrstall-
nernts nczt uwlunng in rhr order of their due eiattK. All payments nude utxm This rx>tr shat) Ix• applitYl first lu the payment of
BCCrneY1 inlrrt3t arrd secondly upon rho prirxipal.
This ohhy;atiun shall Ixar iutere•st fmm date at the rate o1 ten and three/Qllar~•H pt•r rent ( 10. ?5
pts annum inert! thr~ print•ipa) aril ueteu•~t nee fully pai•1
lnlcrest for t•ach calendar mouth shall IN• aeenud on the hest d:ry n( said month and Ix• curnputrYl nn the unpaid I,al:mt•e•
~ of prim•ipa) oral ioh•rest e•zistinK ou the last day of rhr• pntYYliu>; uurnth. '1•hit note shall Ix• (YIR1111rnti1 in default when any pry-
. uN•nt rerpriaxl to Ire tnadr hereunder shall turf h:nr Irtrn roads by its dnr d:de atxl shall n•utain in dehudt unlit said payuN•nt shall
have INY91 nude. While in drfaull • this rrutr sh:dl !x•ar L,tenst at the rate Ot fifteen- - - - - - - - - - - - - - - - - p•r a•nt
( 15 76) per annum is lieu of the rate hereiulrcforo sprcifitd.
All makers arx! erulor~cn now or hereafter becoming panics hereto jointly aru) stverally waive demand, irotit•r• ul nmr-
payutent arx) protest, arN1 a1tnYJ that in the event of dcf:ur t in the payuN•nt of any imlallux•nt doe hereunder fnr a p:•rirxl u(
thirty (3(1) days the whole of said intlcbtc•tlrrt•ss shall thereupon at Ihr option of the holder, IxxY/nlr inuntvli:dcly dnt• arN) pay- f
nhlr, aril if this note Ixcomes in drfaull and is pIuaYl in the bands of an attorney for cullr•etiun, to pay rcasonalrle :dlnrney ~ feY•s
:rod :dl other cants includioic e•trsts :uxl attorneys fee's of Appe•Ilatr. Court PnrcY•edmyp (or makinlt such arllcction.
p~t~lty~ E
-this note may Ix• pn•paid in wlxrle or in part at any time wi~rELC:rVME HOMES CONSTRUCTION, IN 1
s Ellen J. Guterl~ Individually_ _ (Sg,~,) By:S/E11en.Guterl, President (sl•:At.)
-n~uterl, Individually Ellen Guterl, President
_ (SEAL) ISEAL) }
(1 his nrdr• is u•cunvl by a nx,rt~ay;r of even dale rzectrtrYl by tIN• rn:tlr•rc in Lr~or irf Connnunity Falrra) tiavinfFs aru! Loan Assn. i
of Itir,era Iteach )
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+utl shall prom ly pt•rfonn, rnmply with, and abide by each and every the stipptdations, aKrrcmcnts, corxlitiorrs, and covenants of said p,onr-
1 ++~ury rwtC ar of this died, then the r late hueby crcatrYl shall cease and he null and void.
's
{ AKD the I1lortita{;or dtx•s hereby covenant arx) ai{rce: -
[ 1. To p:,y all and sinKular the principal arN) interest aril other sums of money payable by virtue of said promissory- note and this rnort-
t z:r',•,r, or citlNrr, pnnnptly on the Jaya resptxtivt•ly, the same severally come due. -
i 2. '1'o pay all arNl sint;nlar the tazc~, assexsuu•nts, levies, liahilitit.•s, oblikations and encumbrances of every nature on said dcscrilN~d pr~p-
•rty each and every when elite arse! iray:,blr atY:unlinK to law, Ix(ore they lxasmtc deliuqurnt, and if the same shall sot }x> promptly paid
:L+• Alurt•~at;rr n,ay a1 any time ril6er !x•Gmr or after dclinyueucy pay the same without waiving or afhYrtinQ the option to furcclosr, or
u:y riy;ld hcn•unacr, and every paynu•nt so mark shall bear interest from the date Qtcrt.Yrf at the rate provided in said promuserry note. ,
'i. 7'o kcr•p the building~ss aril all eriiuipnx•nt and persrmal proopprr~rty now or hrrcaftrr on said premises, rnvcrrd by this murty{a~;e, insurcel
in a sum ut bast txpral to tl?e unpaid halancYS Ot this nxrrtl;aKe, irxluding tier floor!, rzterxlrYl coveraKn vandalisur, malicious urluthief, arx)
u,y other a ovrrai(e ra++uirrel bylhr nrortt~aYce, as to pruiN•rtias other than dweltinis aril (ire, flrxxl, rztt~rxfiYl coverai{e, special-form other-pent:
~nwranrr•, and any urFrcr arverat;P n•yuinYl by the nunta;;ete, tm dwellintYS elitiL~r (or such hroadrntYl rnve:a c - provide.Yl, however, that
`s• .n+•h insnr:uu a Iw• in an anxrunt suf(it•icut to comply with any co-iresurar,ee rtYptirrrrx•nts covcrinK settee orrtlrr t~e laws of the State of 1.1uriela, •
:,ud proridr•rl further t!,at Qu• policy or perhrirs shall he written in a ~omp.-rny or companies aril lhruuyrJr an a~r•ncy satisfatiory to the ~1ort-
ati;tr and th:d said policyy or prnc~ie-s shall Ire held -by the 111urt:C:,;;ce and .~h:J) Ixar a starulard Kew York \lortttaKre CL•uLa: without cuntrihu•
lion, uraknr~ the Itns nutter said polities payahh• to the Afortt;at;t•c as its inlcrt•st rosy appear; atNl in the event any sum of money 1N'COIINK
. , rti.rhlr neuter any such polity or perliciers, t rc ~1ort};ay;ex• sh:dl have the option to rt•mive aril apply the sarr?r on account of the irN chteYln•st
r•Ir}' HY•tln~rl, ur to pt•nnit the \fmtK:e:;ur to rt-•cY•ive and nee it, ur guy part thereof, for other purprnt•s, without Ihrmhy waiviuK or impair- •
n..• any reiurty, lien, or ri!~hl unrlrr aurl by virtue of this uru,tt;a~es; and in the turn! the 1lfortKatur drN~s tart cornJ rly with this rose•nant, the
~Iorty;aKe<• rn.ry {,tar'e' aoa pay fur sa,-1. insruancr•, ur any part tlu•reof, ss•ithont waivio>; or rJfrdin:; the option to rOrrY'hnl•, or any ntrht hrrr-
nn-lrr, arse! Ihr (all .ur,ount of each :curl +•v!•ry such Irayrnent sh:dl Ix• irmneYliatrly thtr and payable', and shall Ix•ai iutrn•st from the d:rtr
?Le•nYrf until p.+id at ILc de•}anlt fate p.uvidrYl in stud note' an.l to:•r•rhr•r with :etch tote n•st shall M• srrnn•el by the hen of Ibis u,orteaer• In.n+-
+ntY• ruvcriutt rhr pt•ril of fltxxl daru:et;e sh:dl IN• as n•.tnirrd Ly the FeYlrral Disaster PrtNrctiun Att nF (4)73• or as am+•nd••d, and urortKa~ur
rnrn:nds aril ai;rcrs to cYruq,ly in all respects with the provisions Ihcrrot.
4. 'that nur,t•G:r(rr may, at any lime tlurinf! rhr nrrrrts;.r~~• li'on' arse! in its elitt•rrtinn, apply fnr n•nrwal of nuntttarr qn:u:u,rt- nrur.,nrr
E , U\Prlnr; rhr rrNrrti•:Ilr 1'>CI'CIIteYI by rhr undersir;rxYl un rvr•n <Lrtr herrts•ith, p{~ay the premium due by rrawm thrrtY?(, arse! rrep,ire rr•p:ryrnrnl
I,y rhr undrrca;uca of .neh amounts as nrr ath:urcril Iry s.:v1 nurrtt!:e3,•rr. In tree event of (:oboe by the- undersi~nr•d ter rr11ray stria amounts br i
:,nl nuute'aKr•r•, such fadurc shall he eonsirren•d a default, and all provisions of the mote arx! ntortitaKe with rryard to dclaolt shall Ix• applic- .
able. pp
nrr5tr(a7rnptr tier c
rnmr buildinre;ttm Mud a,ro~ rrt pinrt,f•• xr,tl ~orNlitiunrof n rairst},r• \tort?.~Ki•r rr, anYlr~i,
arNl rhr mn>,•tlia em fhi f
fete: id It, 11-
+o•s, ur an fnr rraspr in the arnonot of vcun y~r llrc imrrx•diate rr nyyttnnrnt of the deM hrn•by scrrurd and Ihr failure. oI tlrt• 1?furtttaKrrr to crnn-
ply with stud drro:ux) of rhr ~lortt;aicr Fur a pe•rirxl d Ihlrty 130 tlayt• shall cnnstitutr a hrr•ach of this mnrtgaKP, end, of Ihr. option nt tlrr
\lurtr;a);rr• uon,e•rliatrly mature rhr entire amount of prirx•ipal aru! intrrr•st hrrrby srnrrrYl, arx! iunrxYliate•ly arN without notit•r, the ~tortj(t,}!r•t
pray irrstiUdr prrxtYYlin•„s to foreclose this mortfta>;e atxl apply for rhr Apptrtr,dnent of a Receiver, as hereiru?fter providtYl.
afl~K308 r~~,i 2828
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