HomeMy WebLinkAbout0352 TO HAVE AND 7'Q HOLD tbe wn0. with tbe tes~meab. 6eredlt~menb and ~ppurtenaoca. nnto the MortBaBee. in fee dmpb. .
AI~D the MortRagor dces hereby oovenant with the Mo~tgagee th~t 6e b indefeasihl~ seized ~ sajd land in fee dmp10. that be 6at
!u0 power a~~d lawful ri~ht to ca~vey said land in Eee simpb at aEocrsaKi• that it shxll be Iawtu! tor tt~e I~turtkagee at all ~iuiespeaceahly
aud yui~tly to euter up~~n, hokl, occupp and enp~
yaaid laixl: that said land is fre+e from aU iacwnbra~ces: tlwt iia will make such furthet
:u~uran~ti•s lo protect U?~ (ee simple liUe to said land in the Mo~rt~agee as ma~r reaw~wbly be re~luttixi; lhat 6e does hereby fuUy warrant
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~ti~ title to said lanJ ai~d will deEend the s~une •gainst tha lawful ddms oE ~l! pctw~at w6oiawrver.
I'ROVIUED. ALWAYS. tLat if tLs Mo~tg~gor sh~U pay unto tbe Mortgasee t6e oertaln pcaa~tsory note oi which tbe EoUowing in ~
words aad figures h a true aopr. Eo-wit:
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~ CO~i11iUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEAGH ~
C,'~IIX~~M~P ~fiD#8
RIVIEM BEACH. FIARIDA 7une 4 19 ?9
Being indebted. for value received, the undersi~~l joinUy and severally promise to pay to COM~IUI~IIY FEDERAL SAV-
1\C'S AND LOAN ASS(X:IATION OF RIYIEM BEACII at it~ office in the City of Rlvtert Beach, Fbrida. or order, tl~e sum ot I
THIItTY THOUSAND AND NO HUNDREDTHS--------------- ~~~RS (S 30, 000. 00 1 ~ `
to~ed~er ~vith intemst thereon us hereina[ter stated in mondJy instaWnents of T WO HUNDR ED EIGHT Y ONE ~
AND 39/100tha---------------------------------------- DOLl.ntts ts 281. 39
The first i~utallment shall I~r ~lue arxl pa)'ahli~ o~ the 1Qth ~Y °f November ~9 ~
ancl subseyucnt installments s1~aU I~e dr~ and payablr on 16e 1 ~th daY of each and e~rry calenclar month therca(ter
until the priacipal ~d ~~~~e~t a~P E~~uY ~.,~d. Until the firat payment above -mentioned, interest ~
shall be due and payable monthly. ~
Lnr}~er sums may be paid at any time, but lhe ~y7nent of any such lar~er sums in addition to the payment~ herein rc- ~
quired sl~aq not relieve the mal•rrs o[ the pa)Tnent o( t ie monthly ins:allnxmts h~rein pmvidrtl for, unl~c it is s~rxifi~:illy stipu- ~
lated hy lhe ~nakers at thr time of pay~nent that such lar}*,er su~ns ~re tu I,e appli~xi to tF?e a~l~•ance payrnrnt uf the ~nonthly in+t:ill- ;
me~ts next waturing in d~e order of dicir duc dates. AU pay~nrnts wade ~ifx~n this note cL:?Il I~e appli~xl [irst to the paymeut uf ~
pec•nnY~ interest ancl sec.~ondly upon the princip:il.
ter s 4
This obli~;ation shall tx:u iul~•nst ~ro~n datc :d thr rat~ ~~t ten and three quar- pcr crnt ~ lO. ~5 70~ ~
pc•r anuum.nntil the priui•ipal at~c) int~•rc•>t are fulh• paial. ~
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Interest (or eanc ~alr~nilar month shal) I~e ac~crucd on th~• first d:iy of caid month ar.rl 1M compui~vl or~ the unpaid hal.in~ r ~
o{ pripcip;d and int~~rtsl eaistink on thi~ last day uf tL~• pmmcliu~ +f~onth. "TLis not~ sL;ill hc runsi<temc) in dc~ta~dt ~ri~e•r~ aup pa)~-
- u~cut re~pur~Yl to be inadn c~re~u+de•r shall not h:i~•c~ I~n n~~dc by its duc d:d~ a~rcl sl~all re•u ~ in default until said payment stcill ~
F~ace lxrn macle. ~l'hile in defanlt, this note shall t~ar interest at the rate of -----~~teen- per tent j
~ 15 q~, j per annum in licu of the rate hereinbefore specified.
All mak~rs and endorsers now or hereafter becomin~ parties herPto jointly and ceverally ~s•s~~ e~~~^a+wl_ .,ori~~• of non- 1
payment and p:ot~st, ancl a(;rt•e lhat in the e~~ent of de~:n: t in the payment of any installmc•nt di~e hereunder frn a pe•riixl uf I
tt~irty (311? days the whole of said indehtedneat shall thrrcupot? at the option af the Rnldcr, hecom~ imm~Yli:dFl~~ ~l~~c ar~~l ~ay- C
ah1~, and if thi~ nute {ktiv~ne~ in drfault arnl is plaaYl in U~e }~ands of an attorney fnr coll~-rtion, to p.~y rrasunal~l~• atbme~'s fiY~
;ur! .~Il otii~r rn~ts includin~ crnts and attorneys fcrs of Ap~:llate Court Prrx~eedinKs for makine such cnllrc~tion. i
"1 hi; not~ ~u.?y {N• pmpaid in wl~o~e or in part at any titne ~~'ithout pe~nalty. ;
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! s/S Leon_Gaster (SEAL) ~
I _ _ - --(SEAL) - ' !
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~ S. Leon Gaster
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_ .(SEAL) s/Dnris I. Gaster (SF.AL) I '
Dpris j G$ gter
~ !'li~i~ unt~• i. s~•run~d by a rnortt~a~;c-of ra'en date e=ecuted by tl~r ut:~1.~•.c in fa~or of (:ornnnmit~• Fetleral SavinKs arxl I,oan Acm.
~ i~f Hi~'i~~ra R~:~rh) ~
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,,,~1 cl,all promptly per(onn, c-o~nply with, ancl aLiJe by eaeh and every the stipeilations, aRrerments, eonditions, and rovenar.ls of said pror~t-
~ i.<o~y note a~xl of this dcecl, ti~en the estatc hereby creatrel sh~D irase a~Kl I~e null ar?d void.
~r A\D thP ~11o~t~a~or docs hereby rn~•cnant and a~ree:
~ 1. To pay aU antl sint,nilar tl~e principal an~l interest arKl other sums of money payabk by virtue of said promissory ?x~te ancl d~is mort-
~ z.~ce, or eithc•r, promptly un the clay's rrspcrtivcly, d~e same severally rnme due.
•2. 'fo pay all and sin~;ular the taces, assess~c~ents, levies, liabilities, obiip,ations and encumbrances of every nature on said de~criix~d prop-
~ -~ty ~a~h an~l ~~~rry when ~lue an:i payal~l~ according to law, 1xEore they hecome delinquent, and if the same shall not be promptly paid
~ ~I-,~• ~Ii,rti!aL~~c nl8y at any tirni~ cith~r Irc•~ore or after ~lelinqucncy pay the same wit}~out waivinR or affectinR the option to forerlose, or
~ n~~ rieLt he•r~uu~~er, antl every paymrnt so made shall lx~ar interest from the date thereof at the rate provided in ~id promissory note.
~ 3. To ke~~p fhr boildin~s and all equip~ne~t and personal property now or hereafter on said pmmises, eoverc~cl by this wortga~;e, insurctil
~ ~n a surn :it lcast ~•r~ual b i6e u~~paid Lalancr of this mort~;aKe, including fire, floal, extencled coveraRc vanclalism, malicio~~s miu•hicf, and
,ny oth~r cY~ve~r:is;e rr~~ ~~ue~l by the ~norteaKcr, as t~~ pr~Ex•rtirs oiher lhan dwellinf;.c, and fire, flood, e:tenc~ed covera~;e, sp~~cial-fonn otLer-penls
~~~~uranc~•, an~l :~ny ot~~er co~•craee fCf~~I1ffY~ I~y I~IP moria~:ee, on dwcllinp,s eliKible (or such broadened co~•crage- provided, howevcr, that
- .nrh insnr:~nce~ b~• in a~ a~uuunt sutfic~ent to comp)y with any co-insurance requirements coverinA same uncler tF~e laws of the State of Florida, ~
- aucl pro~•id~rl furti~~r ~h:zt th~ pnlic}• or policics s6a11 Fx~ writt~n in a rompam• or companic~s and throueh an a~~e•ncy satisFartory to the \lort- I
~ ~:~~er an~l th,it sa;~l pr~hi~• or pr~licie~ s}iaU !~e hekl b~ ti~e ~1urt~aLre ancl shall bear a standard Kew York \tort~;aqee Claiue wiihoui cYintril~u-
~ tinn. ~n,~l,in~ IL~• lu:c nrK~~r c:u~1 ~x~~iri~c payaLl~• to the ~lortqaKee as its interest may appear; and in the e~~ent any su~n of monry lx~c~snes
~ p~. ,h1~ nndrr :~m snch ju~L~y ~~r pu~~.~~~~s, lhf• \1ort,:~~ce sli.~ll La~-r th~ option to rrcrive arwl apply thP same on acrour?t of the i~nlehtedness
1:•~„ F,~• cr~cur~ ~I, or tn pe•r:uit lhc ~1urt~a;:r~r to rMri~r an~l n~P it, ur any part thc~~•of. for oih~r parpexrs, ~a-ithout thcrchy waivin~ or impair-
~ any li~ n, o• ric~ht undc•r antl h~• ~•irhi~ of thic ino~f.a~c; and in the e~•~nt thr ~torteaKOr d~~s nut cromply w;th tf~ia COCrTl:ff3~, I}lP
\lnrt~:tt~~•~• ~~ri~' l>l ~ an-! fnr s~irh 1:icier,~n~ t•. nt any ~:.~rt ~}~rrcof, k~thout waivin2 or af(ectin~ ihe nption tn iorecl~rir, oc an~• ri~~id here-
nn•?~•r. ~n~l ihr (nll nn~;nnt ~f each aml ~•v~>ry ~~~~h ~:~ymrnt sLal) Fx~ imm~~cliat~ly dne and payal~le, atxl shall M~ar inl~•r:•tit from the il:~tr
r};,,r~of ~~n~~l ~~:~i~l at tl~c• rlrfa~:lt r.~tr pro~•it1,•~I in s.~itl notr t~ntl t(t_r•thcr with wch intrr~Kt shall Irt~ crcurc•~1 hy thr H~n of t}nc iuo:tsa~r im .
- ~~~,e• ~o~,•!~m• ihc p~'ri) n( flaKl ~la~na~c sh.~ll i~c as rr~~nir~•<l I,y thc Fccl~ra) Diw~~tet Ymlcrtion .~ct of 1J73. or as amcrnl~d, an;l in~rt~a ~ur
~~.~•u.~ntx :ind aftnv•s to comp~y in a~l msprcts ~.•ith the prm~cions thereof.
4. "li~at tnllf~kl:~L'i'~ may. at any timc• durin~ th~ most•~as~r b•rm. an~l in iis ~1i.v.-mtinn, apply fnr rr•nr~~a:~l nf mnr'~acr ~~~aran!. ;,i-nr.~nrc•
. th~ n~n.-ttt:~~~• ~~~•rul~d hy thr~ nn~l~•r.it~nctil nn r~~en d:d~ herPwith. pay d~e preminm d~~~ hy ~cauin therrrf. and m~~uire rrpayment
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1,~ th~• wnl,•n;~u~•~1 n? ~n~ h:nn~ninh an• a~l~:~nc~•d hy sai~) m~rtta~:,re. In thr r~rnt nf fa~lure hy the~ u~~l~nts~nr:l t~~ n~ ~ay :a~J anzu~~n!. m
;~rl mo~t_a~~ suct~ Lulur~• +h:~ll 1~• c•onsi~!ireJ a de(ault. and all pmvisions of the note and mortKag~ widi rrqard to d~•~ault shaU 1,e applic-
:,1,1~.
S'In M~nnit. rn~mn~t or ~uff~r n~ w•as+.~, impainnent or ~I~teriorati~n of said propcrty, or any part thererf, an~i o~x+n the failur.~ of tt~r
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r: ~„~itcaL~~: t~~ k~~~~p Ihc I,~iil~lii~:~s on ~:n~t prn~x~rty in t;~?cxl ron~htion of r~•pair. th~ ~tort¢a e~e may de~narxl the i~nme~l~.~te repair uf caid hi~i{:l-
,nu~. nr :~u in~ r,~a~e• in tf~~~ ;i~n~~nnt ~rf ~~rity, or the i~ntne~liate r~ ~y~n.•nt ol the de•ht h~t~~y ce~c~~re~l an~l th~ failn,c of the \I~,rtuae~~r to eynn-
Y {~I. .cith cai~) ~I~~niand o( Ili~ \lurtt;a~:c~• (or a pe~ria) of thirty ( 3f1 days. ~hall rnnstitute a br•ach of Ihis inort¢ar:e-. an~l. at the ~~nti~~n of t!~e
\lirrtc:~c~~~~_ ~nin~~~L.~t~~~~ m:+~n~~• fh~~ entir~ amo~~nt o( pr~ncip:~~ an~interest h~rPby vrurcd, anel i~nmrcl~ately and w•idio~rt notice, fl~e ~tortuat[Pe
,nay in,ti~nt~ p~oc~~e~clinLS to for~Y•lase this mortKaae anel apply for the appointment of a Reeeiver, as hereinafter pwv~decl.
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gok~ 310 ~52
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