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Home My WebLink About1183 _ ~ f TO RAVE AND TO HOLD the nuns, together with t tenements, bereditamanb and app~uteoanoea, onto the Mortgagee, to fee simple. AND the Mortgagor does hereby ooveuant with the Mortgagee that be !f indefe~ib~r seined of sad Lod in fee shapb, that bs hat full power and lawful right to convey said land irr fee simple a: aforesaid: that it shaD be lawfd for the Mortgagee at all limas peaceably and quietly to eater upon. hoW, occv sad ~y aid laud; that aid lead 8 free from all incumbraooas; that he will make a further assurances to protect the fee simple ti~ to said land in the Mort~gee as ma reasonably be required; that hs doss hereby fully warrant the titb to aid Lod and will defoad t ame against t lawful datms of a~ persons whoa~osrer. PROVIDED, ALWAYS, that $ t6s Matgapx shaIl pq mreo the Mortgagee the oestata p:amiwosy note at whkh the folbwing fie wads sad figures 1t a true copy, to-wltr 3 i COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH +i t I : I ~ RMERA BEACH. FLORIDA February 25 ig 80 Being indebted, for vahre received, the uaderaigoed jointly sad severaDy promise bo pay bo COMMUNITY FEDERAL SAV- ~ [NGS AND LOAN ASSOCIATION OF RIVIERA BEACH at its of$oe in the City of Riviera Beach, Florida, or order, the smn of SIXTY TWO THOUSAND FOUR HUNDRED & NO/100tha------aOLLARS (i 62,400.00 ) with ~ thereon as ~ sated ~ inst~a ~ SIX HUNDR ED NINETY TWO AND 29/100the-------------------------------------DOLLARS (i 692. 29 The first installaent shall be due and payable on the 10th day of April ig 80 sad sobaequeat installment: sban be due and payable on the 10th day of each and every calendar month treafter until the principd and interest ors fuIly paid. La~ rums may be paid at time; but the payment of any such Lrger sums in addition bo the paymeata herein re- quinxl shall not relieve the nukers of~ pa aient of the monthly i,astailonents herein provided for, unless it is apedEicaBy sUpu• ~ Lted by the makers at the time of payment that such 1ar~er sums are to be applied to the advance payment of the monthly iastaII- meats raxt matun~ug is the order of their due dates. A!1 paymeata made upon this note shaD be applied first to -the paym~t of accnred interest and secondly upon the prir~ciPal. This ol~gation ahaIl bear interest from date at the rate of thirteen- - - - - - - - per Dent ( 13. 00 y6) per annum un ' the principal and interest are fully paid. . Interest for each calendar month shall be aocnred on the first day of aid month and be computed. on the unpaid baLnoe of principal and interest existing on the Lst day of the preceding month. This note shall be ea~sidered is default when a~ pay- ment required bo be made hereunder shall not have been made by its ilea date and shall remain in defauh until said payment shah I have been made. Whit In default, this note shall bear interest at the nbe of Fifteen - - - - - - - - - - - - - - - -per cent ~ F ( 15. 096) per annum in Ueu of the rate heroinbefare spedfied. ; All makers and endorsers now a hereafter parties hereto jointly and severally waive demand, notice of non- ' payment and protest. and agree that in the event of-defa tin the pa t of rmtaDmeat due hereunder for a period of thirty (30) days t wbob of said indebtedness shill theReupon at the ~optian of the holder, become immediately due and pay- ~ able, and if this note becomes in dehuh and is pLaed in the hands of an atboraey for eoflectiao, to pay reasonable attorney's fee and all other costs including oosis and attorney: ffeee~s of Appellate Coast Ymoeedirrgs for making such collection. This note may be prepaid fn wbob or in part at any time without peachy. ' ~ s/Jack A. MacDonald s/Leonard Polanski (S~a -------(SEAL) Jack A. MacDonald Leonard Polanski I ~ s/Robert J. Flowers (sue) i Kobe r~ J. Fiow~er s I (This note is secured by a mortgage of even date executed by the makers is favor of Community Federal Savings sad Loan Assn. of Riviera Beach) t and shall prom~y pe~~orm, comply with, -and abide by each and every the agroemmts, conditions, sad covenants of said prawn- issory note and of this deed, they the state hereby created shall cease and . nuIl and vod. AND the Mortgagor does hereby ooveaant and agree: ~ 1. To pay aII and singaLr the principal and interest and other same of money payable by virtue of sad promissory Hobe and this mat # gage. a either, promptly on t days respectively, the ame severally Dome due. 2. To pay aII and singuLr the fazes, assesmseats, 3evi~, liabilities, obligations and encumbrances of every nature on said described prop- erty each and every wb~ea due and payable according to law, before they become delinquent, and if the ame shall not be gromptly paid the Mortgagee may at 'any time either before or after delinquency pay the same without waiving or affecting the option to foreclose, or qny right hereunder, and every payment so made :hall beef interest from the date thereof at the rate provided io acid psomissory note. 3. To keep the buildings and aD egwpmeat and personal property now or hereafter on said premises, covered by this mortgage, inscued ~ in a sum at least equal tiD the unpaid balance of this mortgage, including flood, extended coverage vandalism, malicious mischief, and any other coverage regcored by the mortgagee, as to properties other than and fire, flood, wed coverage, special-form other-perils insurance, and any other coverage required by t mortagee, on dwellings for such broadened ggee p however, that suchs~~*pTMp be in au amount sufficient to oozap with a~ oo-iasuranoe requirements covering same nnihe Lwa of the fate of Florida, and provided further that the policy or policies be written in a company or companies and through an agency atidacxory to the Mort gagee and that said policy or policies shall be held by the Mortgagee and shaD bear a standard New York Mortgagee C~anse without oontribn- ' lion, the Ions under said policies payable to the Mort~ag as its interest -may appear; and in the event a~? sum of mooed becomes payableer any sudr policy or policies, the Mortgagee shaII iraceve the option to receive and apply the ame on aooocmt aft indebtedness ~ hereby secured, or to l.emrit t Mortgagor to receive a>rd use- it, or a~+ part thereof, for other purposes, without thereby waiving or impair- l t ing any equity, lien, or right under and by virtue of this mortgage; and in t event the Mortgagor does not comply with this oovanant, the 3 Mortgagee may pl~a~ee and pay for such insurance, or any part thereof, without waiving or offec~ng t option to foreclose, or any right hers- i under. and the full amount of each and every ouch payment shall be immediately due and YabL, and :hall bear interest from t date ' thereof until paid at the default rate provided in said note and together with sne6 interest ~be secured ~y, t lien ~ this mortga Lnsur- ~ once eoveria the peril of flood damage shall be as required by t Federal Die=ter Protection Act of 1973, or as amended, andmortgagor covenants a~ agrees to comply in all resptcts with t provisions thereof. 4. That mortgagee may, at a~ time during t mortgage berm, and fa its discretion, apply for renewal of guaranty insurance tl~seafand require repaYme~ covering the ge esecuted by the undersigned on even date herewith, pay the premium doe by reason by t unders?of such amounts as are advanced by said mortgagee. In the evern of failure by t undersigned bo repay said anwrmt: to said mortgagee, such faihae shall be ooaddued a dehuh, and all provisions of t Hobe and mortgage with regard bo default shall be applio- able. 5. To permit, commit or suffer no waste, impairment or detedoratioa of said , or any part thereof, and upon the failure oft rno:tgagor to keep the buildings on said property fin good condition of repair the ~ may demand the immediate repair of said build- l ~ lugs, or an increase in the amount of security, or the immediate ymant of ire debt he~securod and the failure of t Mortgagor to rnm- ply with said demand of t Mortgagee for a period of thirty (30 days. shall constitute a of this wortgaSe,~ and, at t option of t Mortgagee, immediately mature the entiro amount of principal sinterest hereby senrred,•and immediately and without notice, t Mortgagee may institute proceedings to foreclose this mortgage and apply for the appointment ofI(j~a~ Receiver, as hereinafobal/r~, provided. w, ~~~i w.nc~ ~ A ¦