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Home My WebLink About2265 TO HAVIa AND TO HOLD the m0. together with the tenement. beredtt:meob and appurtoaanoa. tmto the Mortgagee. in fee ttimpb. AND the Mortgagor Boos hereby eoveaant with the Mortgagee that he is indefeasiby seized d said htud b fee simpb, that he has full power and lawful right to convey said land is fee simple ss aforesaid; that it shall be lawful for the Mortgagee at all tunes peaceably and yuirdy to enter uppccm, hold, occupy and ropy said larxl; that :aid land is free from all imcumbrarrces; that ho will make sucb further aaurances to protect the [ee simple title to said land in the Mortgagee as maY reasorwbly be rettuired; that 6e does hereby fully warrant the title to said land and will defend the same against the lawful claims of aU person whornxrcwer. PROVIDED, ALWAYS. that if tbs Mortgagor shall pay »nto the Mortgagee the certain promissory note at which the following to words and figures b a true Dopy. oo-wlt: I - ~ COllI11iUN1TY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH Cyr#~gtt~~ ~~#r RIVIERA BEACH, FLORIDA Oc robe r ~ y 19 7 9 Being indebted, for value received, the undersigne•tl jointly and severally promise to pay to COMMUNITY FEDERAL SAV- IrCS AND LOA,y ASSOCIATION OF RIVIERA BEACH at its office in the City of Riviera Beach, Fbrida, or order, the sum of THRTY SIX THOUSAND EIGHT HUNDR ED AND NO/100ths---- DOLLARS (a 36, 800. 00 ) ' together with interest thereon as hereinafter stated in monthly installments of THREE HUNDRED FIFTY EIGHT AND 96/100ths-------------------------------- DOLLARS (s 358. 96 i The first irataWnent shall he due aril payable on the 10th day of April 19 80 I and subsettuemt irrstallmentc shall he dce and payable on the 10th day of each and every calendar month thereafter r until the principal and interest are fr,Uy paid. Until the first payment above-mentioned, interest shall be due ant~a~ble mont~il La er sums may pa at an time, utyt~re ppaayment of any such larger sums in addition to the payments herein re- quired shall not relieve the makers of the payment of tl+e mronthly irutalhnents herein ~rovided for, unless it is specifically stipu- - IatcYl by Lh° rr:ak~rs at tlrP t:rr>P of navrnent that such larger sums are to lx: applied to t re advance payment of the monthly install- ments next mahrnng m the enter of their due dates. All payments made upon this note slurp be appliccl first to the payment of acrnred interest and secondly upon the principal. - to r This ol+ligation shall bear interest from date at tier rate of eleven and one /quar - per cent 1 11.25 % ) per annum until the principal aril interest are folk paid. Interest for each raler?dar month shall lee acrruecl on the first day of said month and he eomputed on the unpaid balance of principal aril interest existing on dre last clay of the prt•c\•diu}t u+onth. "this note shall lx considered in default when any pa}•- meut retprired to be made hereunder shall not 6:r~•e been made by its due date ar?d shall remain in default until said payment shall have btc n made. \Yhile in default, this note shall bear interest at the rate of fifteen- - - - - - - - - - - - per cent ( 15. ~ per annum fn lieu of the rate hereinbefore specified. All makers and endorsers now or 1?ereafter becoming parties hereto jointly and severally wais•e demand, notim of non- payment and protest, and aKree drat in the event of default in the payment of any installment due hereunder [or a perial of thirty (3U) days the whole of said indebtedness shall thereupon at the option of the holder, become immediately due and pay- able, and if this note becomes in default and is placed in the harxls of an attorntw for collection, to pay reasonable attorney's fees and all other costs including costs suet attorneys fees of Appellate Court Proceedings for making such collection. Chis note Wray be prepaid in whole or in part at any time without penalty. TT T/•'•I~ T7~7/~ GLLV V~ Ll\~+. ~ s/Ned R. Endress, Indiv_idually__-____(S~,) ___B_y__:_sf Ned_ R.__ Endress, President (SEAL) Ned R. Endress, Individually Ned R. Endress, President s/Terry M. Endress, .Inslivislnally__(SEAL) _ _ _ (SEAL) Terry M. Endress, Individt~all y 1"phis note rs securest b}• a mortgage of even ate executed by the wul.crs in favor of Couuunnity Federal Savings aril Loan Assn. of Ri~~iera Reach) and shall promptly perform, rnnrply with, and abide by each and every the stippulatiorrs, agreements, conditioru, and rnvenants of said prom- is~ory note and of this deed, then the estate hereby created shall erase and be null and void. AND the 1?tortgai:or does hereby covenant and agrce: 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory mote and this mort- cafe, or either, promptly on the days respectively, the same severally come due. 7'o pay all and singular the t•txes, assessments, levies, liabilities, obligations and encumbrances of every nature on said described prop- rrty each and every w6cn titre ana payable according to law, before they become delinquent, and if the same shall not be promptly paid ~lurtga;;rc may at any tirrrc either tx•fore or after delinquency pay re same without waiving or affecting the option to foreclose, or tn}• right hereunder, and every payment so made shall beaz interest from the date thereof at the rate provided in said promissory note. 3. To keep the buildings and all ectuipmrnt and personal property now or hereafter on said premises, covered by this mortgage, insured in a Burn at least cgaal to to unpaid balance of this mortKage, including fire, flood, extended coverage vandalism, malicious mischief, and my other roa•crr>;e revJaired h}• tl;e mnrt¢agce, as dr pmpcrti~s other than dwellings and fire, flood, extended co~•erage, special-form other-perils i:~,uranc•r•, and any other coverakc rr:tuired by the mortagee, on dwellings eligib~e for such broadened coverage -provided, however, that vi; h insurtncr lee in an auxrunt sufficient to conrpl • with any co-insurance requirements cmering same under dre laws of the State of Fbrida, .+ml provith•cl further tE~at the pnlic}• or policies sbal~ be written iu a company or rnmpanics acrd throuKh an agency satisfactory to the 1•tort- cn ~t•e arn) that said polic.• or pohcir•s shall he held h}• the \tortt;agee anti stall bear a standard New fork \lortgaKee Clause without confrib?r- tux+. rn:r:cinY tt+c l+nx under said policit•s payable to the Atortnas*ee: as its interest may appear, and in the event any sum of money becomes +blc under am• such polity or prrlicics, dre ~fortgay;rr shall have the option to receis~e and apply dre same on account of the irxlehtedness V„•+• i,}• s.•cur+•d, or to permit the \tustgagor to recrice anti use il. or any part thereof, for other purposes, ssithout thereby aaicini; or impair- rr ~ any rrlu:t}•• lien, or right under and try s•irtne of this ruort~;t~,t•; and in the event the Jtorteagor da•s not comply with this cos~enant, the \1r~rt_age•e Wray place and pad for sucb incnrm:r, ur any part thereof, without svai~int: or affectinc the option to foreclose, or any right here- nmler• and the full .u++nunt of each and e•sery sucb pa}nu•nt sh;dl Ire imnx•tliately tine and payable, aril shall bear lnteretit froru the date ~r:ennf r.rrtil paid al the default rata pmvi:l+•tl in c:rid note a:ul to.r•ti+cr with such interest shall he secured by the• lien of this rnort%a,e Inc•:+- ,:ore coccring dre peril of flocxl d:unage shall Irt• as re••;nired b}• the f•'e\ier.cl Disaster Protection Act of 1973, or az amended, and arortga.;or +,nen:u+ts and aKrt•r•5 to compl}• in all n•spt•cts with der prmisions thereof. 4 "Chat rnort~aCee may, at am• tinrr• during der rnurt~a+,e n•nn. ana in its discretion, aPP1Y for mneK•al of rtmrtgage tmaranic •muc+nre +ti,~~~:•c the mrnt+~aie t•;trcntt•tl by d+e mudersignc•cl on even d.ac ht•rrvith, pp,y the premium tine by reason thereof, and retp+ire rep.+yment I . rh•• under+enr•d of inch annwnts as an• arh ant ed h}• sai•1 mnrttacee. In tree event of failure b}• the undersi¢netl M rt•ppav suit! amounts to 1 n+urtca;:rr, such (ordure shall tx• c\+nsic.'~rcd a default. and all provisions of the note and mortgage with reyartl to default shall he applic- ahlc. - S To pern»t. commit or suffer no waste, impairment or deterioration of said property, or any part there•ttf, and upon the failure of the n:uas•a.or to keep the buildirs on sand prolx'rh• in 4cxxl condition ^r repair, the i1lortKaur'e may demand the immediate repair of said build- iu~c, t+r an ine•n:rse in the amount of sr•cnrity, or Ihr inunediate re{ra?•rnr•nt ~f th.: dept hemby seetrred and the failure of the Afnrttaeur to rnm- p}y t.•ith said den+and of the \tortlLagee for a period of thirty i 30) days, shall constitute a hrr•ach of this rnortgaKe, and, al the option of tl+e \lu-ttat'ee, irnnrediately mature the entire amount of principal and intertst br•rehy secured, acrd immediately ant) without notice, We Mortgagee nr:ry institute proceedins to foreclose dri : mortgage and apply for the appoimtrnemt of a Receiver, as hereinafteAr pro=vided. ~nK.S 1 4 ~trc/~a~