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Home My WebLink About2401 _ . . - r - - _ - ~tsr. 'hO HMiB AND TO BOLD tM Mtaer wlth ehs teaeoeob, hMedltaaeaatt asd appesleoaaoas~ tsate the liastpapee. d tea rtimPls. - AND the Mo~i~o~r don hereby ooveoartt wuh the thin that iadafeaabb Mired of Mid Wd m ~a aim~pid~ drt 6i er fuII owl sad 1aw~fnl rim oa ooov~ey aMl hod m fes atmpls as it ~ be Lwtd fo' t)aa at an tmiet peaosabbr and pgni tle y to voter hold. and Mid Iasdtbudh~iw~Wd L bes from ~ bocuoAbraooet: that 6e wiH mobs suc6~ assusartces to~ eimdef~the aaeoe~apirotmtL~a L~~[ol c~aimmat~l pwh mw ~~ed: that In don. Lereb~? tbs title to PROVIDED, ALWAYS, that !E the 1loetpapoe tthall Fq tsnlo the MostSages thi owtam promisseq? none of which tba taDoMrh~ m wesde and dte~ i • hes copy, 1owW COMMUNITY FEDERAL SAVINGS_AND LOAN. ASSOCIATION OF RIVIERA BEACH IIX#~St~B ~TD~E - RIVIERA BEACH, FLORIDA February 8 19 80 Being 6?debted, [or vahts reoa[ved, the rmdersigned iaiatlY and several~? promiM to pq? m COM)?diINITY FBDEAAL SAV• INGS AND LOAN ASSOCIATION OF RIVIERA BSACIf at its effioe m the Cigr of Rivkra Beach, Florida. a order. the suaa of FIFTY TliO THOUSAND ONS HUNDRED AND NO HUNDRBDTHS DOLLARS (152,100.00 ) together with interest thereon as hereinafter stated in mouthy insbDmenb of FI98 HgNDR1ID BIGHT AND 15/100ths noLLARS (i 588.15 The first imtaDment :haD be due and payable the 10th day of July 19 80 and subsequent matallmenb shall be doe and payable oa the 10th day of each and every calendar month thereafter until the prmdpal and interest are folly paid. IInt11 the first paytlteat above-mentioned, interest s 1 be due an a able moat soma may 6e ~aad at time, ~e paY~ of any such Iarger sum: m addition to the paymaab herein re- gnired~not relieve the maker: of~ paya~nt of the monthly iffitaDmeob herein provided for. unless tt is spedfically stipu- lated by the makers at the time of yrmeat that such lamer awn: are to be applied to the advance payment d the monthly instaD• menb nmtt in the order t~thdr due dates. Alt payments made upon this mote shall be applied first to the payment of aoerted interest aml secondly upon the principal This obhxation shall bear interest from date at the rated ~,rteen and one/guar-~ ~t ( 13.25 `A ) per annum un tbe principal and interest are fully paid. Interest for each calendar ruonth shall be accrued on the first day of said myth and be campnted on the unpaid balance ~ d Principal and interest es3iting on the Isst day d the preceding month. This note shall be considered in defauh when any pPaaY~~- memt required to be made hereunder shall not have been made by its due date and shaII reawin in defauh until said payment stra0 have been made. While in default. this note shall bear interest at the rate of fifteen oe~ ( 15.0 'A) pM annum m lien of the rate hereinbefore sped8ed. All makers and endorsers now or hereafter parties hereto ;oimty and severally waive demand, notice of non- payment and protest, and agna that in the event d default in the payment of airy installment due hereunder for a period of _ thirty (30) days the whole d 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 in the hands of an attonayy for coUectiom, to Pay reasonable attorre~s fees and all other nosh including cash and attorneys ees of AppelLte Court ProoeedinlP for making such eolleetion. ~ This note may be prepaid m whole or in part at any time without peachy. S/Kevin O. Peck ,Seal) Revin O. Peck PECK CONSTRUCTION CO. S/ r+n peck Iadi dual y ~gard s/Alders F. Peck. Sr.~Individtlal~_,-~g,~,l j Ann Peck, Individually Alden F. Peck, Sr., Individually I S/Alders F. Peck, Jr, Individually ~g~ s/Alders F._Peck, Sr., I_ndivi_duall~____ ~F,~,) Alden F. P k, Jr., vi 11 Aden PecSr., Individually l1'his note is ~ a mortgageeven mite abnrted by the ma era in ova d unity Fed Savings and Loan Assn. of Riviera Beach) and shall pranptly Perform. comply with, and abide by each and every the stipulatiaos, ag~reemeab, conditions, and covenants d said prom- issory note aanndd ~m this deed, then the estate heeyby created shall cease and bbee null and void. AND the Mortgagor don hereby cove:mnt and agrees 1. To pay all and singular the principal and interest and other seems of money payable by virtue d said prm,isrory note and this mod- gage, or either, pr~ompty on the days respectively. the same severally came due. 2. To pay all and singular the takes, assessmemb. lgvies, liabilities, obligations and encumbrrnca of every nature on said desrn'bed prop- erty each and every whem due and payable according to law, before they become delingrseat, and if the same shall not be p~PdY l~ the btortgagee may at any time either before or after delinquency pay the same without waiving or affecting the option to foreclose, or any right here+uder. and every payment so made shall bear interest fry the date thereof at the rate provided im said promiaory note. 3. To keep the buildin and all ~ui~at and personal rope~Y crow a hereafter m said premises, covered by this mortga insured in a sum at least equal to the unpaid 6abnce of this mort$age. pincludimg fire food, esteoded oo ~erag~e,vandalism, mavciou; misc~rief. and any other coverage rey~ired by the mortgagee. as to properties other thaw dwdtinggss,, and fin, flood, extended coverage, special-form other-perils insurance. and any other coverage required by the mortagee, on dweWngs eligibb for such broadeatd coverage -Provided however. that such insurance be in an amount sufficient to coin. ply with arty co•insuranoe ngmuemenb caverimg same render the Lws d the Sttate of Fbrida, and provided furttrer that the policy or pdicies shall be written in a coinpeny or companies and through an agency satisfactory to the I?lort- cagee and that said policy or policies shall be held by the Mortgagee amd shall bear a stamdard Nees York Mortgagee C{suse without contribu- tion, ma{,ing the loss under said policies paypable to the Mortgagee as ib interest may appear, std in the event a~? sum d becomes ppayable under any such policy or policies. the Mortgagee shall have the option to receive and apply the same om account of the indebtedness t~rreby secured, or to permit the Mortgagor to receive and use it, or any part tbered, for other purposes, without thereby waiving or impair- ing any equity. liem. or ristht under and by virtue d this mortgage; and im the event the Mortgagor does not comply with this covenant the I?iortgagee may place a pay for such insurance, or any part thered, without arriving or affecting the option to foreclose, or any right ere- - under, and the full amount d each and every such payment shall be immediately due and payable, and shall bear interest from the date thered until paid at the default rate provided in said note and together with such imterest shall be second by the lien d this wort age. Insur• once covering the peril d food damage shall be as reruired by the Federal Disaster Protection Act d 1973, or as amemded, and mortgagor covenanb and agrees to oanply in all respects with the provisions thereof. 4. That tmortgagee may, at airy time during the mortgage teen. and in ib dtscntiom, aPPly for renewal d wort ge guaranty insurance covering the mortgage esecuted by the undersigned on even date herewith, pay the premium doe by reason thereof. and require repayrrterrt by the umdersigrred of srch amrnrnts as are advanced by said mortgageee. Im the event d failure by the undersigned to repag said amounts to said mortgagee, such failure shall be considered a default, and all provisions d the note and mortgage with regard to default shall be applic- able. 5. To permit, cornmit or suffer no waste, impafnaeM or deterioratiom d said property. or any Putt thereof, and upon the failure d the mortgagor to keep the buildiny~ oo said property in Rood corxlition of repair ebe lortga rwy demand the immediate repair d said build- inns, or an increase in the amount d security, or the immediate yment d fire ckbt be secured amd the fiilnre d the Mortgagor to com- ply with said demand d the Mortgagee for a period d thirty (30~days, ~aD ~ciatte a d this martg~tge •nd, at the option cf the Mortpage+e. immediately mature the entire amount d prirKapal and interest hereby secured, and finmediatey and w[t~hout notice, the Mortgagee may institute proceedings to foreclose this mortgage and apply for the appoiMm~t off ~a~Reeeiver. M~~t~6e(rel~~aaker provided. nrin~it.Y ou~~~l`i:]