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Home My WebLink About0137 ~ i TO HAVS AND 'I~O HOLD ~e sams. ~oy~ethe~ with ths oeoauenb. 6ae~edltsmmes aad appn~teo~noa. unto tLs ~lortaa~es. ia fas qmpb. MD che Mat~aga'doa 6ereby ooMeoant .vtth t}~te M es chae 6e b indefeasi ~etxed of ald land to fes simpls, th.e 6s 6ar 0o eoan ~tg~ full power ~nd lawful ~iq6t to ooaviyr add land in Iee si~npk a~ doraaid: that h:ball 6e v?~ul Eo~ tbe I?lortgagoe ~t aU ti~napeaoe~W~? and quiedy to enter upuo~ hold. oocupy and ea~oy a~ld 4ad; that aid laad Ls hee from aU iacumbnnca: tlwt he wiU m~ke sucL further assuraooa to protect We fee umpb b'tle to said land in tbe Mo~rtgagee as ma~r reasonably be ra~uirod; that he doa 6ereby fu~1Y waRant tbe title to sald land sad will defead ths tame ag~inst tbs l~wful daims d aU pe»ow w6omwever. PROVIDED. ALWAYS, tL~t ff tbs Nat~~ tbaU py? ~mto !be Mo~tgagee tbs oectain prou~t~y aote of w6ich the ioUowing in wads wd HSura b a trns cop~?. eo-wit: . COMMUNITY FEDERAL SAVINGR AND LOAN ASSOQATION OF RIVIERA BEACH I ~ ~IIIx~~~I~E ~D~E RIVIERA BEACH. FLORIDA June ?30 19 79 ~ geing indebted, Eor va]ue reoeived, the wAdersigncYl ioind~• and severally promise to pay W COM111UNI1Y FEDEML SAV- WCS AND LOAN ASSO(:1AT10N OF HIVIERA BEACH at its offioe in tlie City oE Riviera Beach, Fbrida, or orde.r, the awn of ' FORTY TWO THOUSAND EIGHT HUNDRED AND NO/100ths ~~S 42, 800. 00 ~ ~ toqethei with Interat tLereoo as hereinaftor stated in monthly installmeab af FOUR HUNDRED IVINE AND 44/100ths-----~--------- uo~+RS (a409 4 i 7be first installment shaD be due and payablc on the Iat~i d.r a~ December ~~9 T9 ~ wd subsequeot iactallments shaU be due and payable on the l~th daY of eaeh and -every c~aler~du month thereaEter ! uot;l ~ho rinc~~l and interest sre f~,lly paid. tit the first payment above mentioned, interest ; shal~ be due and payabie month~y. ~ I,4~1ter su~u may be paid at any Hme, but the payment oF aay such lar~cer suins tn addition to the payme~ts he~in re- j quired shAll not relieve the make~s of We paya~ent of the mo~thly installments t~erein provided for, unless it is specificaAy stipu- ~ lated by the makers at the time ofpa yment that such lar~er sums are to he applird to the advance payment of the monthly instali- ' ments ne:t mah~nng m the otder of their due dates. All payme~ts made upon this note st~all tx applied first to the pay-ment oE 1 acrrued interest and seoondly ~pon the principal. ~ I ~ This obli~atiw shaU bear interest fmm date at the ~te ot eleven per cent ( 11. 00 ) i per annum until the principal and interest are f~dly pai.l. ~ Intec~est for each cale~xlar month shall be accrucd on thc first day of said month and be computed on the unpaid balancc i of principal and interest eiistinR on U~e last day of d?e precediug month. This note shall I,e considemcl in default ~~~hen any pay- ; n~ent required to be made hereunder shall ~rot ha.~e beer? ma~le by its duc date and shall rcmain in default until saiJ payment shall ~ have been made. ~Vhile in default, this note shaU bear interest at the ~ace oE . f~{te en- Per cent ~ ( 15. 0 96 ) per annum in I~eu of the rate hereinbefore specified. ~ All makers ar~d endorsers now or hereafter becaming garties hereto jointly and severally waive demand, notice of non- ~ payment and protest, and agree that in the event of defa~dt in the paymcot of any installment due hereunder for a period of ; thirty (30) days the whole of said indebtedness sha1) thereupon at the_option of the holder, bccome i~nmediately due and pay- j able, arx! if this note beoomes in deEault and is placcKl i~ the hancls of an attorney for colle~etion, to pay reasonable attomey's fees i arKl aU other costs including costs and attorneys fees of Appellate Couit Proceedings for makiag such coUection. . ' i 'fhic note m•ry be prepaid in whole or in part at any time whthont penalty. ~ ~ s _William F _ ~ ------(sEAI.) ---1-----~----•--S~yd~?'- (SEAL) i William F. Snyder ~ ; ~ i _~_(SEAL) B~~rances A. 5n~rder _ (SEAL) ~ ~ 177?is note is secured by a mortRage of even date e:ecuted by Nu• makers in fa~or of Co~nmumty Federal Savings aml Loan Asso. of Kn~iera Aeach ) ~ ~ - - - - - - - - - and shall promp tiy perform, comply wit6, and abide by each aod every the stipulatioas, agreements, conditio~u, and covenants of said prom- issory note ancl of this deeJ, d~en the estate hereby creatcJ shall ceasc aad be null and void. AKD the Mortga~or dces 6ereby oovenant and agrce: ~ 1. To pay all and singular the principal and interest and ot6er sums of money payable by virtue of said promissory note aud this mort- qage, or either, prompQy on the days respectively, the same severally come due. 2. To pay all and singular the ta~ces, assessments. levies, liabilities, obligatio~ sod encumbrances of every nature on said descrihed prop- ~rty each anci every when clue and payable according to law, beEore they berome delinquent, and if the same shall oot be p~omptly paid tLc Atortgakee may at any time either before or after delinqueocy pay tbe same without waiving or affecting the option to [oreclosc, or any riKht hereunder, and .every payment so made shall bear interest from the date thereof 4t the rate provided in said promissory note. 3. To keep the buildings and alleq uipment and personal property now or hereafter on said premises, covered by this mortSage, insured in a sum at least equal to the unpaid balance oE this mortgage. includiag fire flood. e:tended rnverage vandalism, malicious mischief, and ~ any other c~vcrage rer nired by the mort~agre, as to properties other than dwel~in~s and fire, flood, exten~ed coverage, special-fonn other-periLt ~ insurancY, and any o~cr coverage re~~uired by the morta~ee, on dwellings eligib~e for such broadened ooverege - provided, however, that ~ such ituurance be in an amount sufficient to comply with any co-insuranoe reqwrements eoverinR same under the Iaws of the State of Florida, anci provid~~ci furit~cr t}:at the policy or policics shall be written in a company or rnmpanies and throup,h an a~;ency satisfactory to the 11tort- ~ uaFre arnl t6at said policv or policies sliall be hekl by the btortgegee anc! shaq bear a standa~d l~ew York ?lfortqagce Clause withoat rnntribu- ~ tioa, rnaking the loss nnc~er said pulicirs papable to the Mortgagee as its interest may appear, and in the event aay sum oE nwney heromes p~y:~ble under an~• s~rch policy or policies, the 1?tort~agee shall ha~r the option to receive and apply t}~e same on account oE the inclebtedness :z t~r~rrby securcd, or to pem~it the \lortqa~or to receive and usc~ it, or any part thereof, for otfier purposes, without themby waiving or iinpair- ~ inte at?y eq~iity, li~~n, or right uncler ancl by virtue of this mortti:+Ke; and in the event ihe 1lfort~aAor does not comply with this rnvenant, the ~ \t~~rts;:~gee may place aral i~ay for such insurauce, or any part thereof, without waivinA or a(fectinti the optirn~ to (oreclose, or any ri~;ht here- a ~ under, and the ful) amuunt of each anJ every such payment shall be immecliately dne and payable, ancl shall bear interest from the date ; thereof nntil paid at thc drFault rate provi~lYc1 in said note and toK~thcr with such int~rest shall 1ie secured by thc licn of this mort~ag~. Ins~~r- ' ance covrrin~ lhe peril of [lood da~naRe s}~aU be as rc~~uirecl I~y the Federal Disaster Pcotecticm Act of 1973, or as amendal, and mortgay;or covri~auts and aQrees to comply in al1 respects with the provisions thereof. 4. That mort~aGce may, at any time during the morttt,age t~m~. and in its c1i.~cretion, apply Fnr mn~wal of mortKaAe enaranty incur:u~ce co~PrinR the mortcau~~ e:ecutecl hy tt~e undersi~necl on e~~en date herewith, pay the premiam due by reason thereof, and rer~i~ire n~payment by the un~lrrc~¢ne~l of such amounts as are a~l~•anced by said mortqa~Eee. In the event oF failure by lhe undersitcnec! to re~ay'sa~~l amountt to ~ sai~l mort~;aK~e, such tailure shall be coruicered a default, and all provisions of the note and mprtgage with reganl W default shall be applic- ` abk. S. To permit, commit or cuf[er no wacte, impairment or deterioradon of said property, or any part thereof, end upon the failure of the moAKa;:or to k~•<~p the b~~ildines on sai~l prope~rty in c;ood corxlition oF rrpair, the ~ltortRagee may demancl the imnrediate repair of said build- iu~s, or an inrrPase in the amount.af security, ot ~}~e immerliate r ~m ent of the debt hereby secured an~) thP failure of the !?tortKaQor to rnm- ~ ply with wid demarxl of the I?tort~aQce foi a perial of thirty ( 30 days, shal) rnnstitute a brPach of this moriqa¢e; encl, at the option the ~ \1ort~aRee, i~nnNyliately mature the entire amount of principal interest hereby s~rumd, and immediately anc~ without notice, the !?tortgaKee may institute proceeciinp,.s to foreclose this mortgage and apply (or the appointmeot of • Reoeiver, aa hereinafter provKied. `~~~312 r~~. ~`3? ~ ~ ~ ;