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TO HAVB AND TO HOLD !bs ums~ togetl~er with tbe teoemenfs. beiedid~me~b aod ~ppmtm~noet. ~b~ tbe Mart~a8a0. tn Ees slmpb.
AND the Mortgagor doa 6ereby ooveoant with t}?e MortgaKee thst be ia indefeasi}~y uiud af Wd laad in Ees ~impb, tl~at be ha~
hdl power and law{ul ~iK~t to convry aid Isnd In fee sunpk at atoresaid• tlwt it shal) be Lwiul for the I~tu~agee at all timapea~a bly ;
end quietly to enter upon, hok1, occup and enp'y ssid 4rxl; that taid lar~d is free trom dl iacumbnnoes: that he will malce suc6 Iurthor j
~~surnnces to pmteci t6e fee simpk ti~ to said land la the Mo~rt~agee as ma~! reasaiablY be ~~uired: t}~at he doa liereby fully wsrrant s
c~~e title to said laad anJ will defencl the same against the lawful claiun~ of all persom w6om~oever.
PROVIDED. ALWAYS, tLat !E tbs Wa~tgagoc ~Lall py uab the Matgagee t6s oe~tiin Pranissory note oE wWc6 tbe Edlowing in ~
wwds wd Hguras it a tius oop~r. ~o-wlts
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i C011iMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
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C,'~i IIX~~M~E ~D#E j
~ ' RIVIEM BEACH. FLORIDA „1.,i ut ~1~- 19 ?y
~ Being iadebted. for value r~aeivecl, the unclersig~x~l joiuQy and severally promise to pay to COMI?iUIVI1Y FEDEfUL SAY-
' !\iCS MD LOAN ASSOCIATION OF RIYIERA BEACH at its olfioe io the City oE Nvieca Beac6, Fbrida, or order. the sum of
FIFTY EIGHT THOUSAND AND NO HUNDREDTHS----------------------- 58,000.00 ~
togelher with interest tbereon as hereinafter stated in moathly installments af Five Hundred Fif t Foui' and
' 85/100----- ~ (s
~L~ 554.85
T6e first installmeat ahall be due and payal,l~ on the _ lOth d'y °f November ly 79
aod subseyuent inctall~ncnts shall I~e due and payahlc on the lOth ~Y and every calendar month thereatter
w,cil che princ~pal and interest are (~lly pa;d. Until the first payment mentioned above, interest
shal1~ be due and a b e
Lrger sv~ may b~ p~~ ~~ih1L;'~[ the payment of any such larger s~uns in addition to the payments herein re-
quired shall oot relie~~e the mukers of e payme nt o[ the mond?ly installnxnts herein providec! (or, unless it is specificapy stipu-
lated by d~e makers at the Gme of payment that such larker smns arc to I,e applie~l to the advance payment of d~e monthly i~utaU-
a~ents nezt malunng in the onler of their due dates. All payn~ents made upun this note shall be appliecl first to the pa~Tnent of
e
acen~ed interest anci seconcily. upon the prn~cipal.
This obli~;ation shall bear interest Erom date at the ratr of per cent ( °!o )
prr annum un61 thc principal and intrrc~st are iulh• pai~L -~----Eleven---------- 11 . QO
Interest for each ralenclar month 3hall t?e acrrued on the first day ot said month :tnd he c»mputed on the unpaid 1w11.~nce
of principal and intenst existinq on thc last day~of ll~c pretecling n+onth. This note shall t~e considered in de(aul[ when any pay-
n?ent ret~uired to be macle hereunder shall not ha~•e Ixen made by its due date ai~d shall remain in default until said payment si~aU '
have becn made. ~~'hile in default, d~is note shaU bear interest at the rate of per cent ~ ~
- -----fifteen------------- ;
~ 15 `~O ~ P~T a"n"m in lie" °f the rate hereinbefore speciEied.
All wakers and e~ulorsers naw or hereaher becoming parties hereto joindy and sea•erally wai~•e demand, notice of non-
payment ancl protest, and a~ree that in the e~rnt of defanlt in the payment of any installment due hereunder for a pericxl af
thirty (3U) days the whole of said indebteclness shall thereupon at the option of the holder, i~econ~e imnn-ciiately due :~nd pay-
able, and if this rwte I~eco~nes in default aMl is placecl in the 1?arKls of an attorney (or coUection, to pay reasonable attomey's fres
and all other eosts includinR cmts ~r?ci attorneys fees of Appellate Court Proceedinp,s for makin~ such collection.
"ILis no[e ni:ry be prepait~ in v~hole or in part at any time without penalty.
I ~S~~ S/Elmer E. Bergman (SEAL)
' - - Elmer E. Bergman
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' ' S/Lois Ber n
f ---------(SEAL) _ ~ - - (SEAL).
~ Lois Bergman
1'Ci~i. note is securFd by a mort~;aRe of even date ezexuted by th~• makcrs in fa~or o( Comm~mih~ Federal Sa~•ings and Laan Assn.
ot Ni.•irra Acach )
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,,nd shall prompQ}• perform, comply with, and abide by each and every the stipulations, agreements, conditions, arxl coveaants of said pronr
; iticory note and of d~is deecl, d~en the estate hereby createcl shall cease and Ue auD and void. }
e
~ A\D the I?iortp,a~or dces bereby covenan! and agree:
~ 1. To pay all aixl singular the princtipal and interest and other sums of money payable by virtue of said promissory note and this mort-
$ ca~e, or eithcr, promptly on the Jays tespectively, the sau~e severally come due.
a 2. To pay all and singular the taxes. assessments, kwies, liabilities. obligations and encumbrances of every nature on said described prop-
~ ~rt~ ea~~h and ecery• wi?en due anJ payable according to law, beforr they berome delinquent, and if the same shall not be pr~mpdy paid
;hc ~tu:traK~~c• may at any timc either twfore or after delinqucncy pay tbe sarne without waiving or affecting the option to Iorec:lose. or
~ at~y ri;:ht herrtmder, and every payment so made shall bear intcrest from the date thereof ot the rate provided in said promissory note.
~ 3. To kerp the buildings and alle ~uipment and personal property now or hereafter on said premises, rnvereci by this mort};age. insured
' in a sam at least e~p~al to d?e unpaid t>alance of this mortgage, including fire, flood, e:tended coverage vandalism, malicious mischief, and
^ ~ny other cor•erage re~ uin~l by the mortua~ee, ac to properties other than dwellin~s anci fire, flood, e:ten~ed coverage, special-form other-periLs
~ incuranm, aixl any ot~~er coveray;e re~~uired by the nwrtasee, on dwellinRs eliRib~e [or such broadened coverage- provided, however, diat
' such insurance I~e in an amowit su(ficient to comply with any co-insurance requiremerits coverinR same under the laws of the State of Florida,
p anJ prorided further Ihat the {x?licy or policics shall be written in a company or companies andrthrough an aReacy satisfactory to the Atort-
' u:l~['e AM~ that said poli~}• or pnlici~s stiall I~e hekl by the Mort~;agee and sh•rU bear a standard I~ew York 1lortgagee Clause aithout contribu-
a
E tion. n~akin~; tLe loss u~Hler said policies payable to the A1ortE;agce as its intcrest may appear, aocl in the event any swn of money Fxcomes
~ p~y:d.le uncle: an~• sueh policy or policies, the ?~(ortKa~ee shal) have the option to receive and apply lhe same on aceount of the indebtcrlness
's F.•~r~•by srcur~ ~1, or to pem~it lhe \1ortKa~or to receive and use it, or any part therrof, for other purpose~s, without thereliy waivin~ or impair-
`s in•_ any eqn~ty, lien, or ~i~ht iuxler and hy virtue of this mort?;ay~c: and in the e~•cnt the \tort~a~or does not comply witl? this covenant, d~e
~tort~a~ee ~nay pla~e an<) pay~ [or such insurancr, or any part therc•of, Kithout wai~•inK or affectmy; the option lo foreelose, or any ri~;ht here-
' nn~lrr, and the full arnuur~t of each and Pvery such paymrnt shall tx~ immrdiately dne and payable, ancl shall bear interest (rom the date
~ thercof nnti) paid at d~c defa~dt rate pro~~id~vl in caid note arrl toie•ih•~r with such intFre~st shall lie serurer~ by the lien of this morteac~. Ins~:~-
~ a:ice co~•erin~! d?e peril of floal dama~;e s6a11 t?e~ as requirrcl by tLr Fecleral Disaster Yraect;on ~?ct oE 1973, or as amendecl, and inortga~ ~r
~ ccnrnants ancl aRrces to oomply in all res~cts with the provisions thereof.
~ 4. Th:~t mort~,a~;rr may, at any time d~irin~ d~e mort{~ac;e trnn, and in its diccretion, apply for renewal of mort~iaRe {~oaranf~~ ~r~curancr
~~~rri~~s* the rnort~~as:e cser~ded hy thc undcrsifinecl on e~~en d:~te herea~th, ay the premium due by reason therrof, and re~~uirc repayment
~ hy th~ undi~r~~~nrrl of sa<h amount~ aa are a~lvarx~ed by sai~! mnrt~a~,~re. In tPe event of failure by the undersi¢ned to re~ay sai~l amo~nts to
a c~~i~l ~nort¢a~~e, suc6 f:ulure shall be co~uic'~red a defa~dt, and all provisions of the note and mortgage with regard to default shall lie applic-
~ able.
~ 5. To prnnit, commit or cuf(cr txi wacte, impairment or Jrterioration of said projxKty, or any part therrof, and upon the failure of ll~e
~ rn•,rt;~acnr t~r ~t`I'P IFIP huildin~s on caid prv~xrty in L«ttl rnndition of rrpair, the \lort¢a¢ee may de~nand the imineJiate repair oE said huild-
~ue:. ~r an in~ r~~a~e in the amount nf sPCUri~y, or the immP~liate r~ vmrnt ol thc ~leht h~reby secured and the failiue of the l~tortK;?~or to com-
PI~' K7~~1 S:IISI d~•~nand of the ~tort~aQee for e pcria'. of thirty f 3U ~ays, shall rnnstitote a brPach of this mortgaste, and, at the optinn of the
~IortKa~re, in~merliateh mature the entire atno~~nt of principal a interest hereby s~cured, end immediately and K~tha~t notice, the AlorlgaKee
may inctitutP proceedinRs to foreclose this ~rwrtKage and apply for the appoint~nent of a Reotiver, ai hereinafter pro~~cd.
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