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Home My WebLink About1966 f ~ TO HAVE AND TO HOLD the scams, together with the tenemeab, hereditanrents and apptutenanoa, auto the Mortgagee, In fee simple. A>\D the Mortgagor does hereby. covenant with the Atortgagea that he is indeh^saib) seized of >wid land in fee simple, that he has t:,U power ar?d lawful right to crorrvey said land is tee sirnpb as aforrsaxl• that it sl?aU tee ~awiul for the 1lfurtgagre at all tunes peaceably nr.d quietly to enter opera, hold, ocrupY and copy said fared; that raid latxl is free from tU incumbrances: that Ire will make such further .,,,rrranrrs to protect the [ee simple title to said land in the I?lortga~ee as mad~!! reawrwbly be re,}triretl; that he does hereby ftrUy wurant +hc title to said land arnl will defend the same against the lawful claims of tell petsow whotnwever. PROVIDED, ALWAYS. that if tbs Mortgagotr shall py unto the Mortgagee the certain promissory note of which the following in ~•ords and figures b a true copy. to-tarp: C0:1iAfUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH C'~DXf~M~E ~LV DAP RIVIERA BEACH, FLORIDA ~y: 1979 Being indebted, for valor. received, the undersigned jointly and severally promise to pay to COMMUNITY FEDERAL SAV- I\CS Ar\D LOAM ASSOCIATION OF RIVIERA BEACfI at tts office in the City of Riviera Beach, Fbrida, or order, We sum of ~ FORTY SEVEN THOUSAND NINE HUNDRED AND NO HUNDREDTHS-------- ~~~(547,900.00 ) tottether with interest thereon as hereinafter stated in montldy instaUrrrents of Five Hundred Four a d 50/ 100----------------.----------~~ ~ DOLLaIts ~s 504. SO (I The first irsstaUn+rnt shall I,e due and payable nn the 10th day °f Januar ar+d suhsccprent irutallmc•nts shall Ire due and payabir nn the 10th day of each, nerd every calendar month the m~ter until the principal and inten5t are (ally paid. Larger sums may tee paid at an time, bat the ppaaynu•nt of any such lamer Hunt in addition to the payments herein re- quired shall Trot relieve the makers of the pa}•meot of flee urnnthly instalbue•nts hc•min ppro~idrd fur, unless it is specifically stipu- ~ laud by U?e makers at the time of payment that such !:ogee stuns arc to Irt apphcd to flit advance payment of the n+unthly install- u,rnts next maherin m the order of their dac sates. All payments utade upon this note shall Ire applied first to tt?r payment of ~ accrued interest are seccrudly upon the priucip:+I. , This obligation shall !cent iutrrest from dat} at tttr raft u! ---.--~„telve---------pt:r ec•nt ( 12,00 ~'o) pe•r annum until the p:irn•ipal aril sotto>t are f,a.~• psis ` fnten•st for r:u•h calendar month shall Ix• acrruc•d on for firct day o! v+id month and Ix• comp•rt,Yl un the unpaid balauc•c- uf principal and interval exi~tin+;- on t6r last day of th+• pilY•IYlIt+.: ,,:oath. l fns rwtr shsl hc• considrrr•d in default w~6en au} p:ey- ~ mint re+p+ircd to Ix• made herew:der shat! not stave tarn nraclc• by its due ,late and sl?al1 remain in default until said payment shall t I.:rce ix•,•n n+ade_ \\'hile in defaalt• t}+is note shall Ix•ar interest at the rate of per cent j ( 15 per annum in lieu of the rate hereinleefore specified. "-Fifteen---------- All makers and enclorsrrs now or hereafter lxrornin~ parties hen•to jo+ntly area severally waive Bern:+nd, nntin• of non- i payment and protest, and agnr that in the event of drfa,r t in the payue<•nt of any inctalln+rnt dne herrnndcr for a pcrial of Ii tll~Ircty, ar+d)i th snutc Irrcvmes in dcfaulttaruln ss+l c ~ tin th hands of a~ attom f tfor eollrction~•toonr~ inr"'c•diatt•ly dac and pay- ` rY pay rr,+wna6le attorney's fern t .u+d all other cents including cents :ual attorneys ~ee•s of Ap}rrllate Court Pruceeclings for making such rnllecrtion. 1 hi. ante n,ag }x• prepaid in whole or in part at any tune without penalty. I~ i --(SEAL)S/ -H._Theo.-Nielander (SEAL) ~ H. Theo Nielander (SO)S/Mac E. Nielander (SEAL) Mae E. Nielander '1 [,t. note i+ securr•ct by a ruort_as;r of even date executed by t!„• rnal.rrs in fa+or of t,u„etnunit}~ I•-erleral Savings and Loan Assn. ( . ,r( iti~ ie•ra Kcae•h ) :r~~l sb:,l1 promptly pe•rfonn, rnrnply wit}?• and abide by each acrd every the stipulations, agreements, corxlitiosu, anJ covenants of said prour :,.nry cote aril of this Bred, tlrcn the estate hereby creatccl shall cease aril tie null nerd void. AXU tl?e ~turtt;a>;or does hereby covenant aril agree: 1. To pay all and singular ti+e principal and intrust aril other sums of money payable by virtue of said promissory note and ttus mott- • ,~.r, or either, promptly nn the days u-~}rectivcly, the same severally ware due. •I~o pay all ana sint:nlar the taxes, asscscuerr?ts, Icvics,•Iiabilities, obligations and encumbrances of every restore on said dcx~rilmd prop- ~rty ,•:n h ana cverp when sac ans payable acconliug to law•, lxfurr they Irecorrre ddinyuent, and if tl?e same shall nul be prompily paid ~1~rr:~aL'er may at any time e•ithrr fr•fnre or after delinquency-pay the same without waiving or affecting the option to foreclose, or c:,y ri_1rt 6rrcur,~le•r, and curry paynrrnt su made shall 1>rar interest from the date thereof at the rate provided in said promissory note. 3. To keep the bnildinga and all ecluipmrnt acrd perwnal prope rty now or hereafter on said premises, covered by this u?ort~age, ins+ered a sour at Ie:+St r•lnal to the unpaid balance of this mo,ta!aye, inc•Ir+ding fire, flood, extetxicd coverage, vandafisnr, malicious mischief, and n:her , o~er.,t'e err Hord by tl:,• n,r,rLa;,'~•e, as to prnlx•rt;,•s uthe•t than dwellings, and fire, flood, rxlended coxrrage, s}x•cial-form other-perils .,rr,ence. ant any otf,r•r cmera~r rc~luuct1 h}• the morta~cr, on dwellings eligible for such broaderu•d coverage -provided, however, that , I, iu~+rr.uur Ix• ire :+n amount snfficirut to arn,ph• with soy co-imuran<r. rc~r}uimments covering same under t}+e laws of the State of Flori+la, ,r: ] prov?Jcd further tt,.tt the pnlic}• or prrlicirs sh:?ll Irr• written in a eon, :env or cornpani,•s and through an agerxy satisfactory to tl?e \lort- •m•1 1L,t >:,is }x~h:h• ur }xnc~i•• ~LaU Ix• held by the \to,ts:a~cr and x6.,11 fx•ar a standard \ew• York \tort;,•at;re Cl:u~ie w•?thnut cuutribu- nrr:.int tl,e kris nr,.~cr +:us }xnc~u•s pavabl,• to the \lnrtgarer :ec ifs ind•rc•st may appe:+r: and in the event auy sum of urouty Fx•cmncc .1•h• ruder :+nc such pubcy or p~•licir•s, the \turte:rvx sh,,l1 have the option to rrcrice and apply the same on account of the irxlebtesness • I c .ecun or to pe•nnit the \(urtC:+t:rr to n•ce•i~e arn! m,• it. o: any part thereof, (or other pnrpo.••s, +vil}rtnrt Nerrehy cvaicin'; or inepair- • :•,n• c.3•:.•:. l`•~n. or right nrnl,•r an) ba- virt,:•. this nu• t,:r~e: and in the ccr•nt Il,e \1nrtLa,or e!rx•c nut cYr:oply with this rmrnant t!,e \I•.:'~.,!rr ,•c,~' 1 i a ;rr,a j for ,nr?. in,rrt•rnn•, ur .u+}• I,,ut tl,.•rrr,f, xvith,rnt w•ai~ine or affr•ctin•_ ihr option to 4re•clm••. err am• ri:•hl hrre- r..:r•1 'R~• hrl! r~n.unt of carte arr.i ••vnn~ •ncL pa~rnrnt shall !x• in,uuyliatrly dne ans pavafae. and .h:,ll lre•a: int.•rr•,t f•mn the d:,t•• n,.f •.nt~) p.r.! at tLe,h•I~se:lt rate p-m:<1•,l ir, ,.ds nut,.:,. 1 t,.~~, • ,,.r with a,elr sate r^et shall f~• st•eur,til I:v ~he• fu•n of flee. mo:t:••,.,• Im•. - r ; cut, :inr tlu• }x;il of f?cxxf sau,a.e s6.,t1 hr a+ n• ;urrr,l by tiu• 1•'cak•rnl I?n:e•tr•r Protrct,un act of 1!):3• ur ac anu•n.l••.I, and ::n>riL•a:'ur •~•.•u.uJs and alr.•.•s to comply in all ,ctiprcts ;.•,th the proci,iuns th_•rcvf. 3 •It,at nNrrt~~:r_•.• e,ay, at anv lose •!nrin•S tt:r •atrriu~rr •.•nn- an l in its rliv•n•hon. apg,ly frr renewal of n?nrtt•a~e t•+:.,r-u,•, :rnnr.,n~, the nerrtt:,_e ••<<•<,rte•rl by t!,r nnh•rsittnwl r:. r~en ,!•,u• hrrewit6. ~:ry the pn•tniuu? dne by rraxrn then•of, seal n•.lure• n•p:rynrrnt nn 1. •r...i rt •n: annnn:,- arr• ,?•t: ,nt~•s t.v .a+.l tn••rt^.cC:•r. lr*t u• event of f:uhnc• fry the unser.,cur••! to n•Ir;,t ,;u l anruunt, t,r roar: a^_ee, w~_h f.uhur <hai Ix• cnr,.ie': u•.1 a sefault. noel all provisions of the ante and nwrigag;e w•tth te•gars to default shall hr applic- f ~ Ir•. - i 1•• }N•rnlrt, fr+Tnlmr or vrff~•r m. +va,t.•, inrpeirment or setrrioration of said pmprrt}•, or any part therr•of• and upon the f:rihne n) the . t ~•n•ur h. 1.•+ p t6.• b:,il.!u,_s un •.r•1 pmpe•,ty m ~,rc.l ,,u„',hnn of repair. the ~tOrtl;.ILrP miry deurand lhr innue•,liatr repair ut Said Lmk1~ ,.r an in• r••a~r• iu t!;,• ;unroof of ,e+i:v, or t)tr irmn••~?sate rrpavne•nt of the seht hereby •erared an,l thr• Lulun• of slrr• \t~ntG,.rrr !n conr- «ith sai:! sen,:ues of thellort~a:*_~•r• for a p•ricr,1 of thirty f 311) clay., .b:sl cnmhtute a hr•:a•h of this nenrtgaCC•, noel. at th,• ol,t,rn of the \T,+a,airr, tnuur,heb•1}• a,atuu• the entire amrnmt of pnnc•ipal and intrust hereby ururecl, and innnr•dratrly and without notic•r•, the \lort:;a~rr r...,y in.htutr prexerrlnrls to foreclose this mortgage and apply for the appon+trreent of a Recen~rr, as hereirraftrr prostd<•d.