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Home My WebLink About0483 TU HAVT AND Td HOLD the sune,, bo8ethe+ .vith tLe tei?ameats. bereditameob ~nd ~ppnrtenaaoa, mto tbe Mort8A8a0. in fee dmpb. AhD the Mortgagor does 6ereby oove~ant with tbe Mo~tgagee that 6z b iadefeasibiZr seixed of :aid iaAd in fee dmple, that be !w full power end lawful riRht to co~vey ald land tn foe simpb at aforesa~d; that it slwU he lawful !o~ the I?fo~t~;aKee at all tiu~ospea cwbbr and yuietly to ente~ up~n, hokl. occupy and enp'y sa~id laud: that iaid land u free fro~ aU incwnb~ar?ces; thxt t~e will waka su~h fu~ther assurniK~es to protect the fee simple title to said W~d ia the 1?1ortKagee as ma~! reasorwbFy be re.;uirod; that be dces 6ereby luUY warrant ~Le tidr to aaid lanJ u~d will cleEeod the sa~ne ag~inst the lawful claims of all persons whanwever. PROVIDED. AL~YAYS, t6at if tLe Mo:tgagor shall pay rmto t6e Martgagee tbe oertain prm~sory note ot wWch the foUowir?g in words aad Eigurcs b• tcue capy. to-wits i I CO~ibiUN1TY FEDERAL SAVIIVGS AND LOAN ASSOCIATION OF RIVIERA BEACH i - C;'~ QX#~M~E ~D~E ~ ~ RIVIEM BEACH. FLORIDA June S 19 79 Being indebted. for value received, the w~dersig~ec! jointly aod se~•erally promice to pay to COI?1\1Uh~TY FEDER4L SAV- ~ INGS 'A1~D LOA,~ ASS(~IATION OF RIVIEM BEACH at its office in the City o[ Riviera Beach, Fbricla, or onler. tLe sum of 1WENTY EIGHT THOUSAND AND NO HUNDREDTHS------ -----~~~~328,000.00 ~ ~ together with ioterest thereon as hereinafter stated in monthly u,seaWnencs af~o Hundred Sixty 1~o and 63/100---------------------------------r~~~~~~ --noLi.~?tis (3 262.63 T6e first inttaUment shall he due and pa~~abl~ on the lOth ~y November ly 79 and subsrcp~ent install~ncnts shall }x~ due and payaWe on the lOth ~Y ~~~b a°d every' calendar mont6 thereafter uatil !he priocipal and intenst are fuUy paid. ~til the first payment mentioned above, interest ~ shall be due and ~a~adb~e ma~mth~i y g ~y,,, ~ I.arger sums may i a any ~me. ~t the payment of an such lar er sums in addition to the ents herein re- quimi shall not relieve the makers of the payment oE the mrn~d~ly instaUunnts herein pro~idrd [or, unless it u spcri[ically stipu- lated by lhe nwkers at the time of pay~nent that sach iars~er swus are to i~e appliecl to the aclvance pay~nent of the ~nontl~ly irutall- mcnts next ~naturing m the onlcr of their duc dates. All payments made upon this note s1~all be applicd Eirst to the payuient of acrnu~l interest arnl secondly upon the pri~x:ip:?1. quarters This obli~;atiun sl~all M~ar int~•rc~st from dat~• at the rate o!-tQII and three/ per cent ( j~.~5 per annum uutil d~e pri~xip:~i ancl inte~n'~t are ful1~• paiel. ! Intemst for rach cal~nJar month shall l~e ucrrued on the (irst Ja~• of said month and tm computed on the unpaid Lalsure ~ of princip:?1 ancl interest exi+'tin~ on ~:e last day of t}ic prec~lins; n~onth. This note sh:dl !,r considemd in cle(ault K'6en am p:?y- ; nxut re~~uired to be made hercuncler shall oot ha~~e i~een maile hy itc duc dat~~ aixl sk~all rc~nain in d~•fxult until said paymrnt sfiall ' have ix~en made. \~'hile in default. this note shall bear intrrest at the rate of per cent per annum in lieu of the rate hereiubefore specified. '~~f if teen--- . ~ 15 All malers and endorsers now or 6ereafter becoming parties hereto joindy and severally «~ai~~e demand, noticr o! non- payment ancl protest, and a~;ree that in the e~•ent of def:udt in the paynx•nt of any instaUment due hemurxler for a Qericxl of d~irty (30) days the whole of said indebtedness shall thercupon at the option of the hnlder, become imu?ccliately ~lue au~l pay- ~61e, arnl if this note }~ecomes in defa?dt and is placeci in the ha~Nls of an atturncy Eor collPCtion, to pay reasonahle• attomey's fees :~ud all other casts includinQ co~ts and attorneys fees of Apprllate Court Proceeciin~yc for makinR sueh collertion. "l iiis notr m:iy ir_• prepaid in whole or in part at any time without penalty. , i ' S/Glenn P. Anderson (SEALy k - - -_-------------(S~) - - ~ Glenn P. Anderson ~ i ~ _ _ _ _ _ ___~5~,,~S Olga~ S. Anderson (SEAL) ~ - O~ga S. Anderson ( 1'17~ic note ic u~:ured by a mort~:a~;e of even date exeeuted by th•• ~nak~~rs in fa~or o( Community Federal Sa~~nfis ancl Loan Assn. ! nf iti~-icra R~ach ) ~ s 4 ~ ~ - - ' - - " - - - - ~ - - - - - ~ ~ and sh:~ll proropily pe?forn~, comply with, and abide by each and every the stipulations, agreements, rnnditions, and covenants of said pronr i„ory note ancl of d~is deed, d?en U~e estate hereby cmatcYl st,all eease and t~e null and void. A\D the \iortga~;or does herehy covenant and agree: . ~ 1. To pay all and sinRular the principal and interest and other sums of money payable by virtue of said promissory note and this mort- ~ ca~e, or eithcr, prompUy on the days respectivcly, the sa~ue severally come due. ~ 2. To pay all ancl singular the taaes, assessments, le~ies, liabilities. obliqationc aacl encumbrances of every nahue on said desrribecl prop- _•rty Pach aml e~rry wLen ~iue ancl payable according to law, before they become delinyuent, anci if the same shall not be prompdy paid ~ ;hi• ~turt~at;cr n?ay at any ti~nc cither before or aftcr delinqueacy pay the same without waiving or affecting the optioa to foreclose, or ~ ,ny ri;;ht hercuu~ter, anJ every paynx•nt so macle shall bcar interest from the date thereof at the rate pro~ided in said promissory~ note. 3. To krc•p the buildings and aU equipment and personal propertY now or hereaEter on said premises, coverecl by this mortfia~e, insured ~ in a sum at least equal to t1~e unpaid balance of this mortgage, ~nc•luding fire, Flood, eatended coverage vanclalism, mali~ious mischief. anci ~ ~ny othP~ co.•era~e rec]uirt~l hy the n~ort~~Qc-e, a~ to properties other than dwellings, and fire, flood, eatenc~ed cm~erage, spec~ial-form other-periLs e ir~surau~~•. aud any other co~rra};e reyuired hy the nwrta~;ee, on dwellinqs eligible for such broadenecl co~~era e- pro~•ideJ, however, that s~~r}? insurancY• ~e in an auwunt suf(icient to cornply with any co-insurance requirertients coverinR same nncler ~e laws of the State of hlorida, and pro~~id~Yl further that the ~licy or policics s6a11 be written in a company or companics and throuRh an a~ency satisfactory to Ehe ~fort- ~as;ce an~l that w~id {wl:c.• or ~x~licits si?all I~e held by the \turty;a~;ee ar~d shall I~ear a stanclard l~ev~• York ~tortg,agee Clause without con:ribu- ~ t~on, makin, the luss nnc~er saiJ policies payable to the \tort~a~ce ac its interest may appear; and in the event any sum oF money hecomes ,Llr unilPr an.- snch policy or. policies, U~e A(ort~a~;ee sh:}Il hace the option to mcei~•e and apply the same on account of the indebtedness ~ ~n•icin~ s~xurr.l, or to pe rla~t the \lo~tga~or to recei~•e and u~e it, or any part lhereof, for olher purposes, without thereby ~~~ai~in~; or impaiT- =s ir.e any e.~uity, li~~n, or richt under and by ~irtne of this murt_~a~e; and in the e~•ent the l~fort~a~or ciocs iat comply with this co~•~nant, die ;i ~t~~its;.~t~ee niay i~lacv an~l pay for siicii ins~uancr, ur any part thereof, K7~IIOUI K•ai~inQ ot affectin~ the option to (oreclosF, or am~ ri~ht here- ~ ~~n.1E•r, and the {~dl ain~~~mt of cach an~l ~•very such pa~znent shall be itnmediately dne and payaMe,.and shall l~ar iutrrest from tiie datc• tLe•:eof ~~ntil {~aid at the dcfaidt rate provi~ln! in viid notr anrl to~clher with such intcrest shal) he securrd bj• thr lien of thi. mortcace. Ins*~~- :~ncti~ crn~rrin~ the peril of florxl da~ua~e shall Ix az m~i~~i«Yl hy Federal Disaster Protect~un AM of 1973, ot as amernl~~d, and inort~a~or co~•~•n:uds anc3 aRmes to comply in all respects ~~ith lhe provisions thereof. ~ 4. 'That ux~rtcac~r may, at any tirtu• durin~ the moTt¢as~e ?~•rrn, and in its discrction, apply for mn~v~al of mortcaer ~uarant.• in~~~r.~~~~ co~e~rin~1 the murtt~at~~ ~•xt'cut~~*.1 !~y thr llil(~CfSIQOM~ on twrn d.,te herewith, pay the premium due by reason thereof, and re~r~nire mpay~n~nt h;~ tL~~ un~l~ro~n~•~l of m~•Ir a~nrinnis as nre a~h•au~~d by sai~l mort~nt'ee. In the event of failure by the undersiene~l tn rejciy 4~id amuunts to ~ ;ai~l tnott~ay~rr, such (rilurr shall he ~Y~nsicercd a default, and all provis'a~s d the note snd mortgage with reRard to dctault shall 1?e applic- aLle. 5 To p~nnit, commit or w(fcr rM waste, impairment or de•terio~ation of said property, ar any part themof, ancl apon the failur~ nf the ~ rnurt~;acm t~~ k~Y~ thr~ buildin ~t on w~~d propcrty in ~~xttl con~litioo of rrpait, the Tto?tt;agce may dc~nand the immecliate repair ot caid build- ~ mgc. ~~r an ini r~race~ in the amnunt s~-cnrity, or the imme~liate repa y~nent nf the dcM hereby ~~re~i an~l the failure o/ the 11~~rttita¢ur to c~m- p1~~ ~+•ith s;~id dernan~l of d~e ~tort~:at;ce for a~Criod of thirty (30) days, shall rnnstitute a br~ach of this mortqae~•, and, at the o~ition of the ~ ~I~~rts~as;~, imm..hatclq mat~u~ thc entire amount of principal and interest hemby secured, and immediat~ly arx'I w~thout notice, die \turtGa~ee may i~~ctitute proceed~nAs to toreclose this mortRage and apply for the appointment ~ a Receiver, as 6ereinafter provided. ~ 3 ~ 310 4~