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Home My WebLink About0245 TO HAVE AND TO HOLD the +ams. Eo~ethsr with tLs tenemeab. be~edihmenb and ~ppnrteotooet, nnto tLe Mort~a8ce. in fee dmple. ` AND the Mo~tgago~ doa hereby aoveoant with the Martga~coe that 6e is iaddeasi~,~y aeized of aid laod in fes ~iaapb, that 6e ha~ (ull powe~ sixl lawful rittht to ooavay Wd laad in Eee riwpb as aforesaxl; tha~ it stwll be LwEul [or the [?tunKagee at all timapeaoeably and yuiedy to enter u in, hold, occup aad enp'y u~id land: that aid lrnd u free fnua all incumbrances; dwt he will iuake surL furtt?er :~.~ura~xrs to protect ~e fre si,npk a~ to said land io tbe Mo~~tga~ee as ma reaaawbly be re~~utrai; tbat he doas heroby hilly warrant tLe title to said Isud and wiD ciefcud the same against ihe lawful claim: oI ~ peesons whoinxirver. PROVIDED. ALWAYS. tbat If tSs Mo~tgagor ~hall pap tmto the MortgaSoe the cettata p~omissory nota of w6ic6 the fuUowing io wocda aod tiguras 1~ a ttue ooPy~ Eo-wits ~ I CO~i11lUN1TY FEDERAL SAVING3 AND LOAN ASSOCIATION OF RIVIERA BEACH ~ • i ~ ~'~IIx~~2I~E ~D~E ~ ~ .,p~ ~ RIVIEM BEACH. FLORIDA 19 79 ~ Being indeb~ed, fa vatue received, tbe undersi~d joind~• and severally promise to pay to COM UhI1Y FEDEML SAV- INGS ANQ LOAN ASSOCIATIUN OF RIVIEM BEACII at ~ts office In the City of Riviera Beac6. Fbrida, or order. the sum.oE THIRTY THOUSAND FOUR HUNDRED AND NO HUNDREDTHSDOi1,~xs 30, 400. 00 ) ~ tol~ether aith interest t6ereon as hereinaEter statecl in monthty ;~stall~p~s oE Two Hundred Eighty Five and 13/100----------------------------------------------- --nol~..~~s (i 285. 13 The [irsc ~~Wnene shau t,e due a~d ~ya~~t~ o~ ehe l Oth d'r o~ November ~ 1~ 79 and sul~se~~uent installiornts shall i~e dac anJ payahle on the 1 Qth daY of each and every calendar month thrnafter ~ until the principal and iaterrst are fully paid.Until the firat payment mentioned above, Interest ; ahall be due and payable monthly. ~er sums may be paid at any time, bul thepa ymcnt oE any s~ch lar~eer sums in addition to the payments hcrein re- uired sh~ not relieve the makers of the ymen t of the nwnthly installments herein providcd for, aniess it is specifically stipu- lated by the ~rulkers at the time oE paymentathat such lar~er suins are to l~c appli~Y1 to the advance payinent of the ~nonthly install- mrnts next matunng m the onler of their due dates. All payments ~nade upon this note s!?all be applie~i [irst to the pay~nent of acrnxYl interest and secondly upon t6e priucipal. quarters This obli~ation shall beai inirre~t from date :~t thc• rate ten and three / per cent 7~j 70 ) prr annum until the prinripal aod intemst are f~dl~• paul. ~ Interest for cach calrndar month shall be accrued on the first day of said month ancl l~e computed on the unpaid balancr of prirnipal and interest eaisting on d?r last day oF tLe precrding u~onth. This note s:~all be considerecl in default «•hen any pay- ~ ment required to be madr hereunder shall not ha~•e been maile by its due date antl sttall remaio in default until said pay~nent shall ` 6ave been n~ade. R'hile in default, this note shall bear interest at the rate of -~--_-_f if teen -----------~r cent I ( 15 per annum in Ueu of the rate hereinbefore specihed. ~ All makers and~ enclorsers now or hereafter becomin~ parties hereto jointly and sc~•erally waive demand, noti~r of non- payment and protest, and agree d~at in the e~•ent of de(an t in the payment of any installnzent due hereurxler for a pcricxi of thirty (30) days the whole of said indebtedness shaU thereupon •it the option of the tioidcr, become immc~cliately due and pay- able, and if this note Ixco~nes in default ar.d is placc~cl in the ha~xLs uf an attomcy !or collertion, to pay reawnable attorney's fees :unl all other ca~ts includinR cwts and attomeys fees of Appellate Couit Proceedings for making snch collection. "I'his note n~ay be prepaid in whole or in part at any time ~vithout pcnalty. , ' , -----------------------(s~.) _SjBrion_1~__M~Dexmo.tt _ (sF~L~ " Brion W. McDermott E ' . _ _ ____~5~,~ S/Patricia S. McDermott ts~W ~ - _ _ . , ~ ~tr~C~1 S. CD~~'Y~10~~~ Savings and Loan Assn. (1 his note is scYUred by a mortfia~e of even date ezeeutecl by th~• ma ers m acor of Cii~nnmm v of Itii~•iera Iieac6 ) , E ~ ' - - ~ ~ - - . . ~ and shall promp tly perform, comply witli, and abide by eac6 ar~d e~•ery ihe stipulations, agreements, conditions, and covenants of said pro~n- ~ i,sory note and of this dec~cl, then 1he estate 6ereby created shall crase and be null and void. ~ A1~D the 111ortga~or dces 6ereby oovenant and agree: ~ 1. To pay all ancl singular the principal and interest and other sums of money payable by virtue of said promissory zwte ancl this mort- ~ ;a~e, or either, promptly on the days respectively, the same severally come due. Z 1'o pay all and sinbn~lar the tazes, assessments, levies, liabilities, oblip,ations and encumbraoces of every nature on said desc:ribe~ pnrp- ~ •rty rach and every wLen Jue and payeble according to law, before they become del"inquent, and if the same shaU not be prompily paid ~ thr \lortga~;ee may at any time cithcr Ix•fore or after delinqucncy pay the same without waiviug or affecting the option to foreclose, or ~ en>~ riy;ht hereuu~ler, and eyery payment so made shall bear interest ~om tbe date thereof at the rate provided in said promissory note. ~ 3. To keep the buddinRs aod alle~ uipment and personal praperty now or hereafter oa said premises, covered by this ~norigage, insared ~ in a su~n at least c~~ual to d~e unpaid balance of this mortgage, includiog fire, (lood, eatended coveraQe, vandalism, malicious mischief, and ~ ~ny other coveraFe re~~uirrd by t}~e mortKagre, as t~i properti~s other than dwellin~s anrl fire, flood, extendecl ~roverage, special-fortn other-perils ~nsurana•, aixl any ot rr rnverage re~~uired hy th~ i~wrta~ce, oa dwelGng,s eliqib~e (or such braadened covera e- provideJ, 6ow•ever, tl?at , s~~rh i~uuranir 1ie in :{n a:uount sufficient to comply with any co-iruurance requirements cm•erinR same under ~e Iaws of the State of Florida, I'r and pro~-id~vl furtlu.r that the policy or policies shaU be written in a coinpany or companies and throufih an agency satisfactory to the I?iort- ~:aeee atxl that sai~l polic~~ or policies sl~aU he held by the \tortga~ee ancl shaU bear a standard Kew 1'ork ~tortgagee Clause withuat contribu- ' tiun, makin • thc loss un~er said poiicies payable to the \tortfiagee as its intcrest may appear; arid in the event any sum of money becrmcs ~ pi~•:~ble unc~cr am• s~ich policy or policies, d~e Atortt,aKee shall ha~~~ the option to recei~e and apply the same on account of the indehtc~clness ~ 1~,•re~t~y secur~ <l, or to penuit the \tortga~or to recei~~e and ~ise it, or any part thereof, for other purposes, without thereby wai~~n~; or impair- . ; ~n~ auy e~~uity, Lrn, or rirht under aral by ~'irtu~ of t6is ino~t~:~~e; and in the event tfre ~1ort~a¢or docs not romply witL this rov~nant, the ? ~ ~1~~rt~iher. ~nar jila~r ;ancl pa~• for such ins~uancr, or any part ih~reof, without waivintC or aflectin~ the option to fvreclose, or any ri~,ht here- nn:lcr, an~l the full .i~n<~unt of each and rvery wch payment shall be immediately due ancl payahlc, and s4~aU hcar interest from the J;ite thcrrro( ~mlil paiJ at d~c dcfault rate proeid~Yl in said note an~l to•~rther with such intcrest shall lie securcd by Ihr lien o( th;ti mort~a~~~. Im~:+- Anre coF•crinL thr peril of Ilood dama4e shall !~e as r!~+~uired hy Q~e Feder~l Disacter ProtecUon Act of 19i3, or as amend~~l, an~l mort~a~or ~ cnven,?~ds and aRre~~s to comply in all respects ~~•ith the pto~isions d~ereof. ~ ~ 4. That t?u~rtea~!ir mey. at any timi• during the mortt~a;:e ?••nn. and in its discretion, apply f~r renrwa) of mortQafie t~uarant~ in>ur.incc ~ - rn~•~i~~~ die mr,rtca,~ e:t~cutrd by the uodersiuned on ~ven cl:~te herew~th, pay the premiuni due by reawn thereof, an~i myuire rcpayment ~ d~~• undrnn;uf~~! of ~nch am~untt as 1rP a~lvanird by said mortt~a~ee. In the event o( failnre by the undrrsiKnc~l tn mpay said amounts to ~ SaiJ morteatire, such failure shall be consi2ered a default, and all provisions of the note and mortgage wid~ reKarcl to de[ault shall {~e applic- able. ~ 5. Tn perrnit, commit or su(Ec~ rw~ wacte, impairtnent or dNterioration of said pmperty, or any part thermE, and upon the failur~ of the F ~ mc~rt~acor to k~~e~p the b~iildi~r~s on .aid property in s;ood rnndition of repair, the lfort~;aRw~ may drenancl the imnxtiliate repair of said build- ~ in¢s. ~r an incrcace in t}M amoant of srcurity, or the imm~liate repaym r~nt of the d~M hereby secnrerl an~l the failure of the'.?I~~rtcaqor to mm- ply u~ith s:u~l d~•mand of the ~tortt~a~;ee for a periai of thirty (30) days, shall cnnstitute a br~ach o( this mort gaQe, and, at Ihe option ot the \1~rt~a~ee, i~nnu~liateh man~te the entire amoant of principal and interest hPret?y secured, and immedialely and without noticc, the Alort~a~ee may ir~ctitute proceetiinqs to foreclose l6is mortKage ancl apply for the appoiutrnent oE o Reoeivet, as 6ereinafter provid~d. - ~ 3JOr ~~O ~'n`.~ ~Z~ ~ ~ ~ .