HomeMy WebLinkAbout2553 1'O NAVE AND TO HOLD the aaaaa~ lorather wft6 the laionoan4, Leredgtaaata fed appoedaaeow. silo the I~lortptifae.lsi fee ttln+pM.
AND the j?I doer ba+eby oorenaot with tIw >tl that bs r md.krNbh? .eii~ed of mid hod ie fa. ~ropl., lira 6. rr
~ paaad hwfnlup~rotgo)~tt b oouwry acid hated el~ys fns simpls as ttforenid: that it a6aU be lawtal fa tbe Mortgs~ea at all tlma~eaoettb4?
assurittoes to
p~ooe~~~ tbs fee~titnpls b atdd lind~
~ 1?l~o"ttp~~eds~ ~ ~roaaoa~abl~bauiredn~tLat
~ dbeoea~6ere~fopi? wail
the title bo acid hood nerd wdE defend the aaooe aga4tit tLs ls~! dattaa aft peeaooa wbaowevaa. .
PROVIDED. A~.WAYS. !ba iE NM Yoetp~pt aLsiB yq w4o tba >lloctp~es tba aaWi p~aimtaaory note d wltia6 tbs idlo~wis~ !n
words asd fiitttret i i trYe ~Wri b~wits -
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RMERA BEACH
~IDx#~M~E can#~
BEACH. ~O~pA Septetttber 14, 19 79
Befog indebted, for value received, tbs undersigned jointly and teveraAy pramite bo pay b COMMUNITY FEDERAL SAV-
INGS AND LAAN ASSOCIATION OF RIVIERA BEACH it it office io the dry d Riviera Beach, Fbrida, err order. the smn d -
SIGHTBBN THOUSAND FOUR HUNDRED AND NO HUNDRBDTHS---------------DOLLARS (i 18 400.00 )
with Interest thereon v hereirwfter• alerted in monthly inatallmeata d One Hundred Eighty j3igh~ and
56/100------------------.-_--______~~_.._.~.., ------_.-.,DOLLARS (i 188.56
The ftrd iastallatwt stall be due and payable art the 10th dtq? d October 1879
sad arbaequent instalhneat shall be due and payable an the 10th day d each and every calendar month thereafter
until the prictdpd and interest are fully paid.
stenos may be paid at time, bat the pay,nent d nay suet larger :mn: io addidoo to the payment herein re-
gtrired not relkwe the maker d~ pa d the monthly installatent herdn provided for. nnkss it b specifically atiptr
bled by die makers at the time d payment that sack Ia~ger sums are to be applied to the advance paymatt of the monthly instalt-
~~trrting in the order of their due dates. AII payment made aptx? this Hobe sbaD be applied first to the payment d
aanndd seoordly neon the principal.
Thb oblycation :ball bear interest frart date at the rate of Eleven and one/ starter-~' O°°t (11.25 )
per annum wr '~1 the principal and interest are fully pakl. Q
Interest for each cykrtdar month shaA be aocnted as the first day of said month and be computed on the anpaid balance
of principal and interest e~risting on the last day d the preoeclu.g nwath. This note shall be considered in defauh when any ppaay~-
; went required to be made hereunder shall not have been made by its due date and sbaD remain is default untiU said payment sltaD
have been made. While in default. this note shall bear interest at the rated _Y _f if teen---------- t~ .
( 15 7G) per amtam in lien d the rate bmeinbefam spedHed. .
All makers and endorsers now or 6ereaEber beoomin¢ parties hereto joimly and severally waive demand, notice of aon-
paymnrt and protest, and agree that in the event d defat in the ppaayment of aa~ irutaDmeat doe hereunder for a period of
thirty (30) days the whole d said indebtedness sbaD ihereupoo at the option d the holder, beware immediateeyy due and pay-
able, and iE this note becomes in default a~ b placed in the hands d an attorney for oollectiart. to pay reasortabk attorneys fees
and all other coat including cost and attorneys fees d Appellate Court Proceedtagrs for malmng snc6 collection.
This note may be prepaid in whole aT in part at any time without penalty. -
I
tSRAii S./ - __--(SEAL)
David L. Mehl- - - -
---:jai
: (SF.~?W
(This note is secured by a mortgage d even date executed by the makers in favor of Community Federal Savings and Loan Assn.
of Riviera Beach )
ar~d shall pran~y perfotm, comply with, and abide by each and every the stipahtians, agreerttenb, oonditior?s, sad covenant d said prom-
issory note and of this deed, then the estate hereby created shall cease and bbee nuIl and. void.
M`D the Mortgagor does hereby oweoant and agree:
1. To pay all sad singular the principal and interest and other sums d money payable by vhtne d said prantisory Hobe and this m«t-
gage, or either, promptly on the days respectively, the same severally coots dun.
2. To pay alt and aingutar the tans, assessments, ~ev~s, habijities, obligations and errcumbranexs d avrry nature an said descn'bed prop-
trty each and every when due and payable according to Iaw, before ~y becane delingnent, and if the same s6AIl not be promptly paid
the illortgagee may at any time either before or after delinquency pay the same without waiving or affecting the option to E
any right hereunder, and every payment so made shall bear fatereat Exam the date thereof at the rate provided in said promissory note.ce
3. To keep the buildings and all and personal now a jteraJter oo said premises„ covered by this mortgage, inured
in a sum at leant equal to the unpaid b~ this mortgage, ~ag fire, flood, ertended coveraggvandatiua, malicious mischief, and
any other coverage re~~ired by the mortgagee. as to properties otter than dwdiinggss,, sad fire. food. eztea coverage, special-form other-perils
insunncr, and any other coverage required by the mortagee, an dwellings elig,'bb for strdt broadened covers~~ee - 6ovrever, that
such insurance be in an amount sufficient to comp with any ~annoe requirr•matt covering same under the jaws d the cafe dFlorida, -
ard provided further that the policy or policies sha~ be written in a company or eompanks and through ao agency satisfactory to the Mort-
AaRee and that said poLcy or policies shall be Geld by the Mortg~sgee and shall bear a standard New York bortgagee (~anse without ooatribu-
tion, maids the lass under said policies ~ able to the Mort as it interest may sppcar• and in the event
r gages nay srmo d becomes
{p,yabk er any such policy or policies, the Mortgagee shall ha~ti the option to r+eoeive~and apply the same on soootmt d the indebtednear
nPi@by feClrrCd, Or t0 pefIIlit th6 MOit$~ggor to rPOtive sod rue it, or ally part tbered for other
inK any equity, lien, or t under and by virtue of this mortgage; sad in the ew~t the Mortgagordoes not ~pJy~~th tcovenant~ithe
Aortgagee may pplace and pay for such insurance, or any part thereof, without waiving or affecting the option to (ireclose, or any dRht bere-
under, and the full amount of each and every sash payment stall be immedistely dos and bk, and shall bear interest from the date
thereof until paid at the default me provided in said note and toKPther with such interest shall
bye
secured b~ the lien of this mortgage. Insur-
ance covering the peril d Flood damage sbajl be as required the Federal Duster Protection Act d 1873, or m smeneled, and mortgagor"
covenant and agrees to comply in all respect with the thereof.
4. That mortgagee may, at arty time during the mortgage term, and M it discretion, apply for renewal Of mort Ke guaranty insurance
cmering the mortgage executed by the andersigoed on even date herewith, pay the premium due by reason thereof, and require repayment
by the undersigoe<I of such amounts as are advanced by said mortgaiee. to the event d failure by the undersigned to rreeppaay said amounts to
b~mortgagee, such failure :hall be considerer a default, and all provisions d the note and mortgage with regard to defank sbaII be apptia
S. To permit, commit or suffer no waste, impairment or deterioration d said prope~~y. or-any part thereof. sad upon the far~ure of the
mortQaRor to keep the buildings on said property in good condition of repair ibe fI? ortRa may demand the immediate repair of said build-
infCs. or an increase in the amount of security, or the iarmcdiate r ymeat of tote debt bcrc~y
secured and the failure of the Mortgagor to corn-
ppiY with said demand of the Mortgagee Eor a period d thirty (30days, shag constitute • breach of this mortg~t~te. and, at 'the option of the
I?tortgaRee, immediately mature the entire amount d principal a hrterest hereby secured, and immediately and withart notice, the Mortgagee
may institute pmoeedinigt to foreclose fhb mortgagr? and apply for the appointment d e. Receiver, a://~~bereirtaft~er~pjro!vided.
an~~ 1<1 esn[ /'L'1~