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Home My WebLink About2845 TO HAVE AND TO HOLD the same, together with the teneroenb. beroditamenb rod appurteaaooes, auto the Mortgagee, m fee simpb. AND the Mortgagor does hereby covenant with the Mortgagee that he is indekasiWy aeixed of Hid bad m fee simple, that he has EuU power and bwful fight to convey said land in fee simpb as aforesaid; that it :f,aq be 4wfu1 fat the Mortgagee at all alma p~~ly and quktly to enter ttpon~ fiord, occuppyy and ea said Iand; that said bad is free from all incambraaoes; fiat fie will make sudt further asaurancet to protect the foe simpb title to said herd m the Ma~tgagee a: ma reasonably be required; thac be doe bmei+y fWly ~rarraac the tale to said bnd and ~vi11 ckfend the same against the bwftt! clamr of s~ penooa arbomsoever. PROVIDED, ALWAYS. that iE the Mortgagor shaD pay unto the Mortgages the cattalo promiwoty robs of whits the fo0oafns ba words and flgura it a true Dopy. bo•srl<: C01111IUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH I ~ax#$~~~ ~II#~ RMERA BEACH. FLORIDA March 17 19 80 Being indebted. fa vahre received, the tmdetsigoed jointb? and severally promise to pay to COMMUNITY FEDERAL SAV- WCS AND LOAN ASSOCIATION OF RIVIERA BEACH at its office m the City of Riviera Beach, Fbrida, or ceder. the smo of SIXTY EIGHT THOUSAND AND NO HUNDREDTHS--------- DOLLARS (i 68, 000. 00 ) together Nrith interest tbereoo as hereinafter stated m mantWy installmeats of SEVEN HUNDRED FIFTY FOUR AND 41/100tha-------------------------~---------____-- DOLLARS (i ?54.41 The first in:hDment shall be due and payabb on the 10th day ~ April 19 80 and subsequent in:vnmenb shall be due and payable ~ the 10th day of each and every calendar month thereafter tmtil the prindpal and interest are fully paid. sums may be paid at trine, but the payment of soy such beget sums m addition to the payments herein re- quired not relieve the makers of payment of the monthly iastailarents herein provided for, unless it b specifically stipu- bted by the makers at the time of payment that snch larger sums are to be applied to the advar~oe payment of the monthly install- mints next matunng m the order of their due dates. AII payments made. upon this Hobe shall be applied first to the payment of scented mterat and secondly upon the principal. ( This obligation shall bear interest from date at the rate of th tr to en - - - - - - - - - - per cent ( 13. 0 0 % ) per annum until the principal and interest are fully paid. ' Interest for each calendar month shall be accrued on the first day of said month and be computed on the unpaid balance ~ principal and interest esistin4 on the last day of the preceding mmth. This Hole shall be considered in default when say pay- j went required to be made hereunder shall not have been made by its duc date and shall remain in default until said payment shall j have then made. While in default, this note shall bear interest at the rate of fifteen - - - - - - - - - - - - - per cent ( L 5. 00 g(,~ per annum in lieu of the rate hereinbefore specified and holder during default may at its option refuse to accept payment of any sum less than the total amount then due or declared hereunder to be due. I All makers and endorsers now or hereafter parties hereto jointly and severally waive demand, notice of non- payment and protest, and agree that in the event of fiefs tin the payment of ~}r isa:.il,,,.•..t due hereunder for a period of thirty (30) days the whole of said indebtedness shall thereupon of the option of the holder, become immediately due and pay- able, and if this note becomes m default and is p]~ced in the hands•oE an attorney for collection, to pay reasonable attorney's fees and all other costs including costs-and attorneys fees of Appellate Corot Proceedings far making such rnllection. This note may be prepaid m whole or in part at any time without penalty. -----.(SEAL) s/Wayne J. Dupuis (SEAL) ~ ~ Wayne J. Dupuis ----------(SEAL) - - - - - - - - - - - ~ - (SEAL) ~ (This note is secured b a wort a of even date executed y gag by _ the makers in favor of Community Federal Savings and Loan Assn. of Riviera Beach ) ~ - - I and shall promptly perform, comply with, and abide by each and every the stipubtioas, agreements, conditions, and covenants of said prom- issory note and of this deed, then the estate hereby created shall cease and be null and void. AND the Mortgagor does hereby covenant and agree: i I. To pay ail and singular the principal and interest and other sums of money payable by virtue of said promissory note and this mort- gage, or either, promptly on the days respectively, the same severally come due. ! 2. To pay all and singular the tares, assessments, levies, liabilities, obligatioru end encumbrances of every nature on said described prop- erly each and every when due sad payable according to law, before they become delinquent, and if the same shall not be promptly paid the Mortgagee may at any time either before or after delinquency pay We same without waiving or affecting the option to foreclose, or any right 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 building and all equipment and personal property now or hereafter ao said premises, covered by this mortgage, insured e in a sum at least equal to the unpaid balance of this mortgage, including ~fbod, extended coverage vandalism, malicious mischief, and any other coverage required by the mortgagee, as to properties other than d ggss and fire, flood, ertcro~ed coverage, special-form other-perils B insurance,- and any other coverage required by the mortagee, on dwellings eligib~e for such broadened coverage t provided, however, drat ~ such insurance be in an amount sufficient to comply with any co-insurance requirements oove,ing same under the laws ~ the State of Fbrida, and provided further that the policy or policies shall be written in a coinpany or companies and through an agency, satisfactory to the \[ort- R ;;alter and that said policy or policies shall be held by the Mortgagee and shall bear a standard New York Mortgagee Clause without contribu- tion, makng the less under said policies payable to the Mortgagee as its interest may appear, aqd in the guest any sum of money becomes ayable under any such policy or policies, the Mortgagee shall have the option to receive and apply the same on account of the indebtedness hereby secured, or to perout the Mortgagor to receive and use it, or any part thereof, for other purposes, without thereby waiving or impair- ing any equity, lien, or right under and y strtue of this mortgage; and in the event the Mortgagor does not ly with this ooyenant, the Mortgagee may pL~a~ce and pay for such insurance, or any part thereof, without waiving or affecting the option to sreclose, or any right here- nncler, and the full amount of each and every such payment shall be immediately due and payable, and shall bear interest from the date thereof rmtil paid at the default rate providod in said note and together with Such interest shall be secured by the lien of this mortgage. Insur- ance covering the peril of flood damage shall be as required by the Federal Disaster Protection Act of 1973, or as anreaded, and mortgagor c~rvenauts and agrees to rnmply in all respects with the provisions thereof. 4. That mortgagee may, at any time during the mortgage term, and in its discretion, apply for renewal of mortgage guaranty iastrranoe $ cm~ering the asrtgage executed by the undersigned on even date herewith, pay the premium due by teaser thereof, and require repayment by the undersigned of such amounts as are advanced by said mort¢agee. In the event of failure by the undersigned to repay said amounts to said mortgagee, such failure shall be considered a default, and all provisions of the note and mortgage with regard to default shall be appli- cable. 5. To permit, commit or suffer no waste, impairment or deterioration of said property, or any part thereof, and upon the failure of the p mortgagor to keep the buildings oo said property in good condition of repau the 1?fortgagee may demand the immediate repair of said buiM- ings, or en increase m the amount of security, or the imarecliate ymant of t~e debt hereby secured and the failure of the I?fortgagor to com- ply with said demand of the Mortgagee for a period of thirty (30 days, shall ae~bitute a breach of this mortgage, and. at the option of the Mortgagee, immediately matnre the entire amount of principal amterest hereby secural, and immediately and without notice, the Mortgagee may imtitute proceedings to foreclose this mortgage and apply for the appointment of a Receiver, as hereinafter provided. ~(;~32? P~2843