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Home My WebLink About2334 • TO HAVE AND 1'O HOLD the um0. together with the tememenb, 6ereditatnetob aad appurtenances. unto the Mortgagee, in fee simpb. AND the Mortgagor does hereby covenant with the Mortgagee that he is 4defeasi seized o1 :aid lard in fes simple, that bs has full power and lawful rixht to convey :aid land in fee sfmpb as doreaaid; that it shall be Lwtul Eor the Mortgagee at all times peac~ea~ely and quietly to enter upon, hold, occupy aril enpy said land; that said land is free from all iaciunbrarices; that he will make such E assurances to protect the Ere simple title to said !arid in the Mortgagee as ma7 reasorwbly be rectuirod; that he does hereby fully warrant the title to said !arid and will defend the same against the lawful claims of aL persons wbornxxver. PROVIaD.E.'D,.~ALWAYS, that ff the Mortgagor sha0 par worn the Mortgagee the oartaiu promissory note of which the following in wOrdf and figures b a arse OOpy, to-t+trlti i' ~ C0:1i1friUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH : IIX~~tt~E ~D#~ RIVIERA BEACH, FLORIDA January 14, 19 80 Being indebted, for value received, the undersigned jointly and severally promise to pay to COMI?iUNITY FEDEML SAV- INCS-AND LOAN ASSOCIATION OF RIVIERA BEACH at its office in the City of Riviera Beach, Fbrida, or order, die sum of FIFTY THOUSAND AND NO HUNDREDTHS--------- 50,000.00 ) together with interest thereon as hereinafter stated in monthly instaWnents of give Hundred~L~Y_ Four and ) 72/ 100------ RS S 554.72 The first irutalhuent shall ire due aril payable on the 10th day of Jtule 180 and subsequent instalhnents shall Frc due and payable on the 10th day of each and every calendar month thereafter until the principal and interest are fully paid. Until the first payment mentioned above, interest shall be due and payable monthly. Lar~er sums may be paid at any lime, but the payment of any such larger sums in addition to the payments herein re- quired sl?all not relieve the makers of the payment of the monthly irulalln?ents herein providtd [or, unless it is specifically stipu- lated by the m•?kers at the time of payment that such larger sums are to be applied to the advar?ce payment of the monthly instzll- u?ents next matunng in the order of their due dates. All payments niadc upon this note shall ire applied first to the payment of aceroecl interest and secondly upon the principal. This obligation shall bear interest from date at the rate of Thirteen-- per cent ( 13.00 ) per annum until the principal and inten•st arc Dilly paid. Interest for each calendar n?onth shall {re accrued on lire first day of said month and ire computed on the unpaid bal:enm of principal and interest existing ou the last day of the prececliug month. This note shall Ix considered in default when any" pay- ment required to be made hereunder shall not have been made by its due date and shall remain in default until said payn?ent shall have been made. \Vhile in default- this note shall bear interest at the rate of per cent ( 15 96) per annum in lieu of the rate hereinbeEore specified. --`-Fifteen-- - All makers and endorsers now or hereafter becoming parties hereto jointly and severally waive demand, notice of non- payment and protest, and agree that in the event of dcf:ur t in the payment of any installment due hereunder for a period of 1 thirty (3()) days the whole of said indebtedness shall thereupon :rt the option of the holder, become imn?ecliatel}• due acre! pay- able, and if this note becomes in defardt and is placed in the hands of an attorney (or collection, to pay reasonable attorney's fees .roil all other costs including vests anti attorneys fees of Appellate Court Proceeding for making such collection. "This note may l,e prepaid in whole or in part at any time sttthont penalty. Ij _ S/ Richard A. -----------(SEAL) ~~p° (SEAL) i Richard A. Campo ------(SEAL) S/ Angela Campo - (SEAL) Angela Campo ("I~his cote is securtd by a nwrt±~a{;e of even date ezecuted by the uiak••rs m faior of Ccrmn?unity Federal Savings and Loran Assn. of ltivie•.ra Reach) - ,u+d shall promptly pcrtortn, comply with, and abide by each and every the stippulations, agreements, oorditiorrs, and covenants of said prom- issory note and of this deed, then the estate hereby created shall cease and be null and void. A\D the Ilforttafior 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 note and this mort- :~:•ne, m either, promptly on the days respectively, the same severally come due. 2. To pay all and singular the to:es, assessments, levies, liabilities, obligations and encumbrances of every nature on said described prop- ~rty each anti every wl+en clue and payable according to law, before they become delinquent, and if the same shall not be promptly paid Sfurt;;agr•e may at any time either M•fore or after delinquency pay the same without waiving or affecting the option to foreclose, or my ri}~6t hereunder, and every payment so made shall bear interest from the date thereof at the rate provided in said promissory note. 3. To keep the buildings and all equipment and personal p rty now or hereafter oo said premises, rnvered by this mortgage, iruured in a sum at least equal to the unpaid balance of this mortgage, including fire, flood, extended coverage vanclalrsm, malicious mischief, and j ~ •ny other eos•cr,?Ke reriuirrd by the mortxagcr, as to properties other than dwellings and fire, Flood, e:termed coverage, special-form other-perils ;:isurauce• and any other coverage required by the mortagee, on dwelling eligib~e for such broadened cetera a -provided, however, drat such ir+•curancr l,e in an anrount sufficient to comply with any eo-insurance requirements covering same urxler t~ laws of the State of Florida. anJ provid+rl further that the policy or policies shall be written in a company or companies and ihroupJr an ai;ency satisfaMory to the \tort- Lr+~ec aril that said polices or pol:cies shall be held by the lltortgagee and shall bear a standard Ners• fork ;Mortgagee Clause w-itl?out contribu- tion. nrakin~ the loss under said policies payable to t)?e Mortgagee as its interest may appear; and in the event any srirri of money becomes +y,+ble under any srich policy or policies, the ~fortRagee shall have the option to receive and apply the same on account of the inlebtetlness ~~•n•by secun•d, or to P'•nuit the ~IortKagor to receive and use it, or any part thereof, for other purposes, withoutpthereby waiving or impair- ~fortrai~ee+u,~gli,lar•eoancl ter} forrs+aich insurance. Ofrta?1}'rpaituth reof,dwithor t waivine or affect ni; the optioto to+folmclczse, orran nmht heree ,+rnler, aril the !'ell :++nount of each and every such payment shall be immediately due and payable, and shall bear interest from the date there-of until pr+id at the default rate provideY in said note am! together with such interest shall },e secured by the ben of this nwrti!a>`t•. insnr- ,+ncr e•overiu~ the peril of flood dama¢e shall he as re~prirtd by the Federal Disaster Protection Act of 1973, or as amcndccl, and mortyay:or h , ui+•nants and aKrces to comply in all respects with the provisions thereof. ~ 4. '1-hat mortt:aCce may, at any time during tyre mort~ai;c• term, and in its discmtion, apply fur renewal of mort¢are gnarant~• imur.uur oic•+;ue the n?art:•a¢+• executed by t!+e undersi~necl rn+ even date herewith, pay the premium due by reason thereof, and mgnire repayment hc• the undersigneJ of .uch amounts as art' ads-anced by said morteaKee. In tl+e event of failure by the undcrsii;ned to repay sai•1 amounts to sal+1 rnort:a};ce, such failure shall lx• considered a defardt. and all provisions d the note and mortgage with re};ard to default shall ire applic- ~ al,le. S. To permit, commit or suffer rto waste, impairment or deterioration of said property, or any part thereof, and upon the failure of the" mu~tga,c~r to kcr•p the buildins on said property in goal an+cbUtxi of repair, the Mortgagee may demand the immediate repair of veld build- n,gc• or an Inc n•asr in the arnoant of srrurity, or the immediate rr aymrut of the elebt hereby secured and the failure of the Mnrtua¢or to rnm- plv with stud demand of the Mortgagee for a period of thirty (30 days, shall ecrnstitute a breach of this mcrtga4e, and, at the oQtinn of the ~ \tu,tgagee• inurN•drately mature thr• entire amount of principal a~ interest hereby secured, and immediately and without notice, ll?e ~lortga};ee Wray irutitute proceedings to foreclose this mortgage and apply for the appointment of a Receiver^as hereinafter provided. OR~7~ _ .~~A ~