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Home My WebLink About1177 -i - 1+0 HAVE AND?1b HOLD the amen eo~etber with the teuemenor~ heredltamsote sned apprpteuaooeer mto the )tlatssges, irs fes iatds. AND the Mortgagee dose hereby covenant wdth tbs M that hs d wised of said hwd !a fes simphr that 6e hr full power sail lawful right to convey aid had iyt fee simple a aforeeatd: that it :ball be Lvrful foe the Irlort~~ee at all lima peaces and quietly to enter upp~oooo~~ hold, coca soil en~y said land; that std lard h free from alt ianrmbr:aoa; that he will make such furtb~er aasurarrcas to~ a~adfwill defend the aid land ~ tbs Mort~ee a, ma reasonably be required; that he doe hereby fulb? enrraat the tltle to agaiu~ the lawfnl daIan of s~ pereooe w~bomwever. PROVIDED, ALWAYS, that if the 1[ostgapoe ehaD palr tmto We 1lfortgagea the oesWn p~omissosy note of wWoh the follonving 6u wade soil figures is a tats aopl?. tto-wip COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH IIX#~M~E ~D~E AMEBA 813ACH, FLORIDA September 7 l9 T9 Being indebted, for value received, the undersigned jointly and severally promise to pay to OOMMUNIIY FEDERAL SAV- fNGS AND LOAA1 ASSOCIATION OF RIVIERA BEACH at its office in the City of Rtviaa Beach, Florida, or order, the sum of THT1tTY SIX THOUSAND FOUR HUNDRED & NO/100ths----- noLLARS 36, 400.00 ) together with interest thereon as hereinafter stated in monthly installments of THREE HUNDRED FIFTY FIVE A11~D 06/ls------------------ DOLLARS (i 355.06 first t shall be due sail payable on the 10th ~ ~ February 19 80 and subsequent i~Unrents shall be due and payable an the ~ day. of each and every calendar month thereafter uatr~ the priodpal and interest aro Fully paid. Until the firs yment above-mentioned, interest shall l~ue and ~ ~a~1a monthly. sums ma}~rd paT at Hme, fiat the payment of arty such larger :arras in addition to the paymarta herein re- quired act relieve the makers of~ payment of the monthly instalLrrcnts herein provided for, unless it is bled by the makers at the time of payment that such lamer sums aro to be applied to the advaooe payurent of the~lY Ducats ne~rt maturing in the order of their due dates. AU payments made upon this note afralt be applied first to the payment of aocnred interest sad secondly upon the principal. ter This obligation shall bear interest from date at the rate of eleven and one-quay- per oeac ( ll. 25 96 ) per annum until the principal and interest are frilly paid. Interest for each calerxiar urouth shall be accrued an the first day of said month and be computed oo the unpaid balance of principal and interest e~cisting on the last day ~ the preceding month. This note shall be considered in defauh when any ppaay_- ment required to be made hereunder ahait not have been made by its due date remain in defauh until said payment shat! have been made. While in default. this note shall bear interest at the rate of~ifte en- • - - - - - - - - - - - - - per cent ( 15.0 76) per annum is lien of the rate hereInbefore specified. All makers soil endorsers now or hereafter panics hereto jointly and severally waive payment and protest, and agree that in the event of defa tin the d~"d• notice of non- thirty (30) days the whole of said tadebtedaess shall thereu ~~°t of as i°stallaue°t due hereunder for a period of-. able, and if this note becomes in default andu placed in the l~iancl~ ~ anima ~ ~ ~e Mrlder, becwrrre inueediately due and pay- and all other coats including costa and attorneys fees of Appellate Court ttO~ for collection, to pay reasonable attorney's fees Proceedings for making such rnllection. This note may be p din whole or in part at any time without penalty. S/Kevin O. Peck (SOLI evm ec s/Alders F. Peck. Jr. rcrta~ s/Alders F. Peck-,~r~_------ --_(sEAL) Alden F. Peck, Jr. Alden F. Peck, Sr. Ja3t~Z'T PSL~ck rcrr.~ -_s //A_ P ck (sEAL) - Ann~'ec~k` - - - ('i'his note is secured by a mortgage ou< even date a:seated by the makers in favor of Community Federal Ss?vinga and Loan Assn. ~f Riviera Beach ) and shall promp~y perfomr, comply with, and abide by each and every the tiaras, agreeareats. oonditionc, aril covenants of sakl-proau- issary note and of this deed. then the estate hereby created shall cease and all and void. M'D the Mortgagor does hereby covenant and agree: 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note and this mort- gage, or either, promptly on the days respectively. the same severally come due. 2. To pay aD and singular the taxes, assessments, kvlq lrabilities, obligalioa and encumbrarsoes of la before the become ems' lure on said described prop- ~rty each and every when due and payable according to w, delinq»ent, and if the same shall not be promptly paid the Mortgagee may at any time either before or after delinquency pay the ame without waiving or affecting the option to foreclose, or any right hereunder, and every payment so made shall bear interest from the date thereof at the rate provided is said promissory note. 3. To keep the buildinggss and all rpment and personal property now ar hereafter as said premises, covered by this mortgage, insrued in a sum at kart equal to que unpaid balance of this mortgage, including firree,, hood, a:tended coversggvandalism, malicious mischief, and any other coverage re~uued by the mortgagee, as to properties other than dvrellin and fire, flood. a:leaded insurance, arse! any older coverage required by the rrwrtagee, on dwellin ps, ~+'~Se. special-foam other-perils such insurance be in an amount sufficient to com f-y with ~ ~bie for such broadened coverage pravided, however, that and provided further that the p ~Y co-incrrrarrce requirements covering :anus under the taws of the State of Fbrida, policy or policies be written in a company or companies sad through an agency satisfactory to the I?fort- gagee and that said polrcy or policies shall be held by the Mortgagee and shaD bear a standard New York Mortgagee Clause without contribu- tion. making the teas under said policies payable to the Mortgagee as its interest may appear: and is the event a~ sum d mor~e~ becomes payable under any such policy or policies, the Mortgagee shall have the option to receive and apply the same oo acearM of the indebtedness hereby secured, or to permit the I?tortgago~ to receive and use it, or any part thereof, for other purposes, without thereby waiving or impair- in~; any equity. lien, or right under and M' virtue of this mortgage; and in the event the Mortgagor does not compply with this covenant the Aortgagee may place and pay for such insurance, or any part thereof, without waiving or affecting the option to foreclose, or any right ~ere- onder, and the full amount of each and every such payment shall be immediately due sad payable, and shag bear interest from the date thereof until paid at the default rate provided in said note and toKether with such interest shall be secured by the lien of this mortgage. Insur- ance coverin¢ the peril of flood damage shall be as required by the Federal Disaster Protection Act of 1973, or a arrreocled, and mortgagor covenants and agrees to eanply in all respects with the provisions thereof. 4. That mortlagee may. at any time during the mortgage term, and in its discretion, apply for renewal of_ mortgage guaranty insurance covering the mortgage e:ccuted by the undersigned on even date herewith. ppasy the premium due by reason thereof, and require repayment by the undersigrreel of such amounts as are advaneecl by said mottgagee. In the event of failure by the undersigned to repay said amounts to said mortgagee, :„ch failure shall be consic!ired a default, and all pmvisions of the note and mortgage with regard to default shall be applic- able. S. To permit, commit or suffer no waste, impairment or deterioration of said ~pe~y, or any part thereof, and npoo the failure of the nwrtgagor to keep the buildinks on said property in Good condition of repair the l01? rtes ee may demand the immediate repair of said build. inAS, or an increase in the arrMUrrt of security, or the immediate r yment of tare debt here~y secured and the failure m the Mortgagot to com- ply with said demand of the Mortgagee for a period of thirty (30~days, :ball constitute a breach of fhb uortgage, sad, at the optiom of the Mortgagee, immediately mature the entire amamt of principal and interest hereby secured, and immediately and without notice, the Mortgagee may institute proceedings to foreclose this awrtgage sad apply for the appointment of s Reoeiv+er, as bereiaaRer provided. f1>iA~ w _ _