HomeMy WebLinkAbout2211 'I'O NAVE AND TO HOLD the same, together witb the tenements. 6etrteditaments atxl appurteaanoes, unto the Mortgagee. in fee ttimple.
A1D_ the Mortgagor does hereby ooveaant with the Mortgagee that he is iadefeasib) seized of said land in fee afmple, that he has
lull power and lawful rittht to convey Bald land in fee supple as aforesaxl; that ft shall be lawful for the !?turtgagre at all titres p~?ceably
and yuictly to cuter upp()n, hoW, occupy and copy said latxl; that :aid lord is free from all inctm)brances; ttwt he will make such further
a.,uran(.•es to protect We fee simple title to said land to the Mortgaggee as ma reaswwhly be rcrtuired; that 6e does hereby fully wamwt
the title to said land and will defend the same agaiact the lawful cleitns of till persons whoutsorver.
PROVIDED, ALWAYS, that if the Mortgagor shall pay onto the Mortgagee the certain promissory rata of which the following to
words and figtues b a tree copy. to-wit:.
~ CO~IriUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
c,'~IIX~l~2Y$E ~D#E
RIVIERA BEACH, FLORIDA March S, 1980
Being indehted, for value received, the undersigtrtd jointly and seweraUy promise to pay to COM11fUti1TY FEDERAL SAV-
INGS AND LOAr~I ASSOCaATIOti OF RIVIERA BEACIf at its office is the City of Riviera Beach, Fbrida, or order, the swn of
TWENTY THOUSAND AND NO HUNDREDTHS- - D(~LL~ (3 20, 000.00. )
together with interest thereon as hereinafter stated in nwnthly instalhnents of TWO Hundred Twenty One and
89/100------------------- DOLLARS (S 221.89
The first installment shall !,e due and pa}•al,le on the 10th ~Y M August 1J 80
and subsequent irutallments shall be due and payable on the 10th daY of each noel every calendar month therrattcr
until the c;pal,and inteest are Jylly paid. ~til the first payment mentioned above, interest ~
shal~r'~e zee and payabblye moot y. ppaa
aired slrallenot reliemeythe nia1kcrs tof the un >mcnt ofethevmont6ly inst lL x
nt
a herein ovi(1(d foro
nnl
wit ids }specifically stipu-
q ~
lated by dte ntukers at the time of payment that such lar,L'('r scans are to 1)e applit'd to t to ada•ancr payment of the wonthly inctaU-
urents next matunng in the order of their clue tlattx. AU payments n).•tde upon this note shall lx' applied first to the pa}•tnent of
acrrnt•d interest aril secondly upon the principal.
This obligation shall bear interest from date at the rate oT- Thirteen------- pry trot l 13.00 ~O)
per annum until the principal and interest are [ulh• pail.
luterest for torch rakrxlar taonth shall Ix aecruc•tl on th(• first day of ssid month and }:e c-ompntttl on d)e unpaid ~halance i
of principal anti interest existing on the last clay of the prtcr•cling luonth. l'iris note shall he considered in default awhen any pay- '
urcnt re(tuired to Le made hereunder shall not have I)een rnadc by Its due (late aril sl?all n•luain iu def.ndt until said payment shall
Lave 1)cen made. R'hile in default. this note shall bear interest at the rate of per mot
( 15 tyD) per annum in lieu of the rate hereinbefore specified. --Fifteen-------------
All -makers and endorsers now or hereafter becomin~ parties hereto jointly an(1 sea•erally waive deman(l, Iwtict' of nou-
paymcnt and protest, and agree that in the ea•cnt of defan t in the payment of any imtalLucnt due herewxier [or a pc'rio(1 of
thirty (3U) days the whole of said indebtedness shall thereupon at the option of the hnhler, Ix'come imn)ediately due arxl pay-
ahle, aril if this note hecomes in default and is placed in the haze<ls of an attorney for collection, to pay masonahle attorney ti fees
,ur•I :dl other costs including tents and attorneys fees of Appellate Court Proct.'edings for making such collection.
"I his note nra}• 1)e prepaid in whole or in part at any time aaithout penalty.
(SEAL) S/Victor Alterizio (SEAL)
Victor -ATterizio
{ S/Natalie V. 0. Alterizio
~ ---------------.-._--(SEAL) Natalie V. -O. Alteri~io (sEAL)
I
~ 1 iri, uote i> s(run•d by a mortLatte of even date executed by thr• makers in favor of Cunuuuuity Federal Saaings and Loan Assn.
of liiciera liearh) ~ •
i
I - - - - - - - - -
t - -
:•::I shall promptly p(•rfornt, c•omph• with, and abide by each and every the stippulatioru, agreements, conditions, and Covenants of said prmn-
u~ory uotr antl of •his deed, dren the estate hereby creak•(1 shall tease and tx: null and void.
AKD the Mortgagor dg's hereby covenant turd agree: {
1. To pay all aril singular 1Le princpal and interest and other suau of money pa}•able by virtue of said promissory note acrd this mort-
1 :,~c, or either, promptly on the daps rC•sixrtiwcly, the salve severally come due.
To pay all and singular dre lasts, asstxsmcnts, levies, liabilities, obligations and encumbrances of every nature on said dese•ribed prop-
, ty (::c•h and cwcry when due an:i pa}•abk acronling to law, !x[ure they become delmyuent, and if t}re same shall not lw promptly paid
~I \Ic•r;~ac~•r may at any time either Lefore or after dclimtuency pay the same without waiving or a(fectrng the option to [oreclose, or
ritht 6en•uuder, and every payurcut so made shall Ix~ar interest from the date thereof at the rate provided in said promissory note.
i„ a sun: tcl~stl(~;balltol the m,paid !glance of th~nwrtg:(K , mr siding f e~ flooclafeztend(•d rcoperaQ~van(lal
s~)~malicio(rs~naschief, anted f
•~y other c uwer.(ge r.•( uirc(I by ti,e u,ort~*agee, a, tr, prot)ertic•s other than dwellings; and fire, flood, extended coverage, spt•cial-form other-perils
f :.,uau, e. and any ot~rer rnvera~e re•priretl by tlm mortagee, on dwellings eligihle for such broadened cowerage - prowide(1, however, t},at
tii:• I, iu„,ralx a he in an aulouut sufficient iu comply- with any co-insurance requirements cowering same under the laws of the State of Florida,
•u.d pro: ia. (i furtl,(•r t::at the policy or p)lici('s shall Ih- aa•ritten in a company or companies aril through an a}~ency satisfacton• to the ?~1ort-
v anJ tL.,t >air} pnlic•y sir policies shall IK• held by the \lu,t:;a;:ee aril ,Call Ix ar a standard :dew 1"ork~ ~tortgag(r Clause avit)wut cnntrihu-
s:,.n, r.,lin~ the h„s noel ~r s.,ia pc)lici~•s payable to the \lortt;agee as its interest may appear; and in the event any sum of awn(y M•e•rnn(•s
: ,~.,hle under am snc•h poh~'}• or t>„licir•s, the \lortti;a~cr shall haa•r the option to rt•criwe and apply the same on account of the indcl,:;vlnesc
~ by secu•.•:I, or to pe•rulii the ~L,rt~a;.•or to re(_r•ive• and ace it. or guy part thereof, for other pnrp(nes, without thereby awaivir:;; or ilup,,ir-
• ,u,p e,,:,ty, li,•n, or ri',ht under and by vi,iu;• o~ t%,is u,o:tla,e; and in the ea•ent the \tortt;atior (Icx's not con)ply ait6 this cowcnant, the
" `.I•:;t_•It;ee L,:,y ~aacr mul ;,::y for su:l. in„Irar,.r..:r any part th, rrof, without aa•aiainq or affrctim_ the• option to (oreclm,', or an}• right here-
•:rlrr, and t;,e vll •~nuat o4 t•ac•h ctrl (•cer}• ,nth payment shall Ix• immediately drnr and paya!,Ie, :n,d shall fx•ar interest from ti)e d:;r(•
•!,:•r•~u( ,:ut~l p:„a at tl:•• ,!<•(:rnlt rate prowi,ial in .aid note :era t(~:_••:i,c•r with such tote n•ct shall I,e x•cnred b} ±he lie•n of ti,is mortcae~•. }n.,;•-
(uveru,L the peril of fl(axl d:unaee shall he as re:;nire,) h~ t!r*• F('(1era) Disaster f'rcnc~•tion Ac•t of 1`J73. or as amen(le.l, and rnurt~:,!::ur '
z ..,.••r,:uds and acrrrs t0 COinpl}' Irl all resix•cLs w•i!h the provisions thereof.
4. "l.,.d n,nrt_(a~r•r• may. at ana• tune durint tLe r.uut~:( ~••r,:r. an;l in its discretion. ap~l> for renr•aa•al (:f nrnrtra_e q,:arauh' in~ur.,:u e•
,.,rri.:~ the nlotsr.n,,• eze(•ntcd L}• the undersiznctil sin .•u•n d:de h(•n•arith. ppay the' pmmium due by reason therco(, aril rer;nire rc•p.tymrnt
! , +t:.• umir•e.,,ur:' of ~n<1, ::,r„nnt~ a~ are aa•.nnrea by sa„t nu,rt••a:n•e'. In the event of fad,ire by the undenr~uea to repay tai.! arn,unt., to
c.t n,nr~_:ac~~r, such fadnre sLull Ica i~em'i~'tre•d a default, and all pnnisions of t}re note and nwrtgage with regard to default shall Ik• applies
al:le.
5 to permit, commit n: se:ffer rn. aca.te, impairrrent or deterior:aion of said pmperty, or any part thereof, end upon the failur•• of the
::u.:t::au~r t'. keep the b,lihLn's sin scn:l property In s:ocrl rny. !,lion of repair. the \fnrtCa:ee may demand the inuneeli:ae repair of said build-
ns an inc~•°rs(• iu the gnu+Itnt of >ccurity, or the ilnnre,liate r(•paytn, nt of the debt hereby st'c•ur(•d and ;he failure of the MorteaCur to cam-
p,~ with s:u+1 dcn,and of the ~tortt;aCce for a pert«I of thirty f 30) days, shall c(nrshtute a br~•ach of this na)rts:aLC, and. at the option of the
~L,rt~"a~,Y• in,:nechatrly mahue th(• entire amount of principal and interest h)•mhy secured, acrd imme(liately arxl aaithoat notice, the \IortgaLee
s •,,.ry institute prcx:tednres to klreclose this nwrtgage and apply for the appointment of a Receiwcr, as hereinafter provid(d.
al><x327 PacE~10