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Home My WebLink About0988 r 1'O HAVE AND TO HOLD the +arn0. togethetr with the tenements, bereditamenb and appartenanoa, tmto the Mortgagee, In fes trlmpb. AND the Mortgagor doer hereby ooveoant with the' Mortgagges that he h irdefeasib seined of said land to fee simpb, that be bas full power and lawful right to convey Bald land En fee simpb as doresaid; that it shall be lawful for the I?tortgagee at all times peaceably and quietly to enter upon. hold, oecup~aod enjoy said lead; that said land is free from all inc:umbranoes; that he will make such further aUUrances to pmteci tLe fee simple ti to said Wd In the Mortgagee s~ mad! reasonably be reriuired; that he does Lereby fully warrant the tick to said bend amd will defend the same against the lawful claims of all person whanwever. PROVIDED. ALWAYS, that N tbs Mttgagor tihaD pay unto the Martgagee the certain promhsory Dote d shish the following in words and figures h a true Qopy, to-wits COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH i ~ C'~IIX~~2I~E ~D#E s RIVIERA BEACH. FLORIDA -December 14 , 19 79 Being Indebted, for value received, the undersigned jointly and severally promLse to pay to COAfMUNITY FEDERAL SAV- ItiGS AND LOAN ASSOCIATION OF RIVIERA BEACH at its office in the City ~ RIvfera Beach, Fbrida, or order, rho sum of FIFTY THOUSAND AND NO HUNDREDTHS 50,000.00 ) ! together with interest thereon as hereinafter slated In monthly installments ofgive Htmdred Fifty Four Srid 72/100---------------- - (i 1• 554.72 The first inztaWcent shall be due and payable on the 10th ~Y ~ >~y 19 80 and subsequent instaWnents shall be due and gayablr on the 10th ~Y of each and every calendar month thereafter until the principal and interest are fully paid. Until the first payment mentioned above, interest sh 1 be due a d A~, rger sums may$e ~ar~gF'i'1ftR~1Se payment of any such larger sums a addition to the payments herein re- quired shall not relieve the makers of payment of the monthly iruta0rnents herein provided for, unless it is specifically stipu- lated by the makers at the time of payment that such larger sums are to t?e applied to the advance payment of the monthly install- ments next matunng m the order of their due dates. AU payments made upon this note shall be applied first to the payment of accrue•cl interest and ser~nd)y upon the principal. This ol,ligation shall bear interest from date :rt the rate of ---Thirteen- per mot ( 13.00 ~D ) per annum until the prinxipal aril interest are fully paid. Interest for each calendar month shall be accrued on the first day of said month and Ire computed on the unpaid lxrlance of principal and interest existing on the last day of tl?c preceding otonth. TI?is note sha0 {re considered in default w•ben any pay- ux•ut required to be made hereunder shall not ~•rve been made by its due date and shall remain in Default until said payment shall have been made. ~Yhile in default. this note shall bear interest at the rate of per cent ~ 1 S per annum in lieu of the rate 6ereinbefore specified. ------Fifteen--- - Atl makers and endorsers now or hereaher becaning parties hereto jointly and severally waive demand,-notice of non- payment and protest, and agree that in the event of default in the payment of any installment due hereunder for a period of thirty (30) days the whole of said indebtedness shall thereupon at the option of the holder, become immediately due aril pay- able, and if this note hexomes in default and is placed in the hands of an attorney for rnl)ection, to pay reasonable attorney's fees and all other casts including costs aril attorneys fees of Appellate Court Proceedings for making such collection. •1"his mute n1dY be prepaid in whole o- in part at any time without penalty. ? I ' ~ gg WELCOME HOMES CONSTRUCTION, INC. 4 S~Ellen J. Guterl, President (SEAL) ~ - - - _-(SEAL) - - - - Ellen J. Guterl, President ` S/Ellen J. Guterl, Individually f E11en J. Guterl,Individually (SEAL) 1 •I'6is note is secured by a mortgage of even date executed by the makers in favor of Community Federal Savings and Loan Assn. of lti~ ices Reach) i i {nil shall promptly perform, comply with, and abide by each and every the stippulations, agreements, eonditioru, and rnvenants of said prom- rs.ory note and of this deed, then the estate hereby created shall cease and be null and void. A\D the 1ltortgagor does hereby covenant and agree: I. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory mote and this mort- _•.r¢e, or either, promptly on the days respectively, the same severally rnme due. 2. To pay al) and singrilar the fazes, assessments, leviex, liabilities, obligations and encumbrances of every nature on said described prop- :-rty each and every when due anJ payable according to law, before they become delinquent, and if the same shall not be promptly paid t'..• \toriga>;ee may at anytime tither Ix•fore or after delinquency pay the same without waiving or affecting the option to foreclose, or iuy n;;ld hercuncler, and every paynx•nt so made shall bear interest from the date thereof at the rate provided fn said promissory note. ~ 3. To keep dre buildinggss aril all eeqquipment and personal property now or hereafter on said premises, covered by this mortgage, iruured in a sum at Icast eciual to the unpaid iralance of this mortgage, itxludinR fire, flood, extended coverage vatxialum, malicious mischief, and u,y other rnvertgc reciwrrd by the mor;i;aRre. as to properties other than dvrrllings and fire, flood, exterr~ed coverage, special-form other-perils i~,.urancc•• and any other coverage n•riuired by the• mortagee, on dwellings eligib~e for such broadened coverage -provided, however, that .+x Fr insurance Ix• in an aurount sufficient to comply with any co-insurance requirements covering same under the laws of the State of Florida, an~i providr•cl further that the policy or policies shall be written in a tom any or companies and through an agency satisfactory to the I?lort- 5 ca+,ee arxl that said polic~• or polrcic•s shall be held by the 1?tortgay;ee a sha0 bear a standard I~ew York Mortgagee Clause without contribu- :ion. makinc the bras unc)er vtid policies pa?•able to the ~tortgagce as its interest may appear, and in the event any sum of money becotrres r F, ...rhle under any such policy or pulicties, the \tortCagce shall haze the option to receive and apply the same on account of the indebtedness t,+ Irby x•cun•~I, or to pernrit the \tortita>;or to receive and use it, or any part thereof,. for other purposes, withextt thereby waiving or nnpair- ;coy e•.tnity, lien, or right under arn) by virtn<r of this mortCa;:e; and in the event the Mortgagor does not ~omPPly a•itb this covenant, the ~ \f.+rtgaKee may ~lacr and pay for such insurance, or any part tlrerrnf, without aaivinlL or affeetini; the option to (oreclnse, or am• riy:ht here- ~rn!er, and tl~e ull .rr,nnud of each ana c•vcry such payment shall be immc•cliately due aril payabbe• and sh:dl bear interest from the date rLcurof r,util paid at the default rate pmvidrYl in said note and tn>:etlrer with such intrre•st shall he secured by the lien of this morts:atr•. Insnr. :,~:~e cocerirrl the peril of flood dlUraQC shall be 9S reyuirrcl by der Federal Disaster Protection AM of 1973, Or as amended, and mortgas:ur e ru~cuants aril ai?rcc•s to comply in all respects with the provisions thereof. 4. Tlrat mortgacee may, at any tines during the rtxrrtfia>;e tf•rm. and in its discretion, apply (or renewal of morliLacc euaranh• insur:nxr nt:•ring the tnortea¢e exlY•ntfYl by t11P undersigned me even date 6ereveith, ppay the premium due by reason thereof, and inquire repayment Iw the uuder:,gne.1 of such amounts as are arh•anced by swirl mort¢ar.~•e. In tree event of failure by the undersit~ne•el to may lair) amounts to s,~: 1 wortcat:ce•, such fadnre shall be cousi,'ered a default, and all provisions of the note and mortgage with regard to default shall Its applic- ~ able. - 5. 'fo permit, commit or suffer no waste, impairment or deterioration of said ~roperty, or any part thereof, and upon the failure of the t :~ruagacur to keep the bnildin_s rnr sarJ prerpcrty in ¢ood condition of repair, the . lortga¢ce may drrnand the immediate repair of said build- , nrs;a, nr an incre•ase• in the amount of ser~urity, or the immediate .e• yym~nt of the deM hereby secured and the failure of tF?e \tartKagor to c•om- pl.~ kith said demand of the ~tortgaQee for a period of thirty (30~days, shall rnnstitute a breach of this rmrtgaKe• anrl, at the option of the ~1nrtKag<•e. iuurrc•eliately mature the entire amount of principal a interest hereby secured- and immediately and without notice, the 11o~gagee n~av inct:tute nrnnwrtinnc to (nrerlrxe this mrrtoaoe ani annhr for the arsnnintrrwnt of a Reeriver_ as hereinafter nrnvi.fect_