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Home My WebLink About1005 • t TO HAVE AND TO HOLD the lams, bgether with the benmaenb, hereditameab and appnrterranoea, onto the >rlortgagee, in fee simpb. AND the Mortgagor does hereby uoventrtt with the t+tortgaQee Drat he b indefeasib seised of acid land m fee simpler that lrs bas full power and lawful right to convey said land in fee simple as aforesad; that it shall be Lwtul for the ~tortgaRee at all times peaceably and quietly to enter upoo~ hoW: occupy and en said land; that aid land b free from aq iacumbrar?ces; that be will make sucL further assutsr?cea to protect tDe fee simple litb b aid land m the Mortgagee as ma reaaor~ably be required; that he dos hereby fully svamiat the tale bo said land sad will defend the same against the lawful claims of ~ penooa wbomsoeves. PROVIDED, ALWAYS. that tf tbs Mostgagor shall pay twto the Mortgaipes the oacWn poomissory nob d whicL tlra follo~srirr: m words and figtrrea fr a true Dopy. lo-witr COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES m'#~~~~ ~1'a#E RIVIERA BEACH, FLORIDA April 28, 19 80 Being indebted. for value reedved, the undersigned lodady and severally Promise to pay bo COMMUNITY FEDERAL SAV- INGS AND LOAN ASSOCIATION OF THE PALM BEACHES at ib office in the City of Riviera Beach, Florida, or order. the sum ~ EIGHTY SEV$N THOUSAND TWO AUNDRED AND NO HUNDREDTHS- -DOLLARS (i 87,200.00 ) together with interest thereon sa hereinafter stated in monthly insfalirnenb of One Thousand One Hundred Seventy Four and 37/100----------------------------~_~_~____~_ DO~pS 1,174.37 The first iastdtment shall be due and payable on the 10th ~ ~ June 19 80 and subsequent lnstallmenb shall be due and payable oa the 10th day of each and every calendar month thereafter until the principal and interest are fully- paid. ' Larger sums may be paid at tune, but the payment of any such larger srmu in sdditim to the payments herein re- quired sbaif not relieve the maicert M~ payment of the monthly hutallmeata herein prw~ded for, unless it is specifically stipu- lated by the makers at the time of payment that such tar er sums are to be applied to the advance payment of the monthly install- ments next maturin in the order of their due dates. AU payments made upon this note shalt be applied first to the payment of accrued interest a~ secondly upon the principal. Thta obligatooq shall bear interest from date at the rate of `-Sixteen------------- r Dent °X, per annum until the principal and interest are fully pakl. ~ ~ 16.00 ) Interest for each ealeodar month shall be accrued ou the first day of said month and be computed ~ the unpaid balance of principal and interest casting on the last dsy of the preceding month. This rate shall be considered in default when any pay- ment required to be made hereunder shall rat have been made by ib due date and shall remain in defauk until said payment shall have been made. While in default, this note shall bear internt at the rate of --Eighteen-----------------per oast ( 18 96) per annum in lieu of the rate hereinbefore specified and pokier duringg defauh may at ib option refuse to accept payment of any sum less than the total amount they due or declared hereunder to be due. All makers and endorsers raw or hereafter ~ paw hereto faintly and severally waive demand, notice of non- payment and protest, and agree that "in the event of default iu the ppaayment of ury installment due hereunder for a period of thirty (30) days the whole of said indebtedness shall tbererrpon at the option of the bolder, become immediately due and pay- able, and if this note becomes in default and is in the hands of an attorney for oopection, to pay reasonable attorneys fees and alt other Dash inducting oasts and attorneys ees of Appellate Court Pro~oeedings far malting inch collection. . This Hobe may be prepaid in whole or in part at any time without penally. rcva~ S/Eugene R. Andre -^---t _ (SEAL) Eugene R. Andre rcrcar~S/Margaret S. Andre -~largare re _~~~---------(SEAL) the Palm Beaches) ~ a mortgage of eves date eserarted by the makers in favor of Community Federal Savings and Loan Asrn. and shall prim yer{arm, comply with, and abide by each end every the ~tiorrs, agreemeab, condition, and ooveaa~ of said pmm- issory_note t~ deed, then the estate hereby created shaII cease and be nuII sad vaW. AND the Mortgagor does hereby ooveoant and agree: 1. To pay aB and singular the principal sad interest and other sums of marey payable by virtue of said promissory note and this mort- gage, or either. promptly on the days respectively. the same severally Dome due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and enexrmbrancw of curry nahrre on said described prop- erty each and every when due and payable ac~cacling to law, before they buoa?e delinquent, and if the same :ball not be P~PdY P~ the Mortgagee may at any time either before or after delinquency Pay the 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 me provided in said promissory note. 3. To keep the bui]diapp and aD ~q t and personal property raw or hereafter on said premises, covered by this mortgage, irurrred in a sum at least equal to the unpaid balano~e ofof this mortgage. including fairy flood. extended coverage vandalism, malicious mischief, and any other coverage re~uued by the mortgagee. as to properties other than d tanggss,, and fire. flood, estrn~ed coverage, special-form other-Perib irurrrance, and any other coverage required by the mortagee, on dwellings eUgible for such broadened coverage -Provided however, that such insurance be in an amount sufficient to comply with any co-inurance requirements covering same order the lams of the Strata of Florida, and provided further that the policy or policies spa be written in a company or companies and through an agency atttfactory to the I?tort- gagee and that said policy or policies shall be held by the 1?tortgagee and shall bear a standard New York Mortgagee Clause without contribu- tion, tnakiag the leas under said policies payable to the Mortgagee as ib interest may appear and in the event payable under any such policy or policies, the Mortgagee shall have the option to receive and ~Y s~ of hereby secured, or to pem?it the Mort or to receive and use it or a apply !i°w 0° account of the indebtedness gag ~r Part thereof, for other purposes, without thereby waiving or impair- ing any equity. lien, or rirCbt under and by virtue a~f this mortgage: and in the event the Mortgagor does not comply with this aoveoant, the I?tortgagee mar pl~a~ce and Pay for such insurance, or any part thereof, without waiving or affectingg ~the option to forecbse, or any fight bere- nnder, and the full amount of each and every such payment shall be immediately fine and~payabie~, and sbaD bear interest from the date thereof until paid at the default rate provided in said note and together with such interest shall be secured by the lien of this wortgage. Insnr- anoe covering the peril of flood damage :hall be sa required by the Federal Disaster Protection Ad of 1973, or as amended, and moctgag~or eovesrants and agrees to comply in a!1 respect with the provisions thereof. 4. That mortgagee may, st auy time during the mortgage term, and in its discretion, apply for neawd of covering the wortggage executed by the undersigned on even date herewith, ppaay the prea»um fine by reason ~ repayment by the undersigned of such amounts s* are advarKwi by saint mrirt¢asee. In the event of failure by the ar?dersitpned to repay said amounts to mortgagee, such failure shaII be considered a defauh, and aII provisions of the note and mortgage with regard to defauk :hall be appli- S. To permit, commit a suffer no wastes inrpairment or deterioratbo of aW property. or any Part tbenof. and.opgo the far~are of the mortgagor m keep the buildings oa said property in good oooditioo of repair the Narita may demand the immediate repafr of aW build- fne;, or an increase in the amount of aenrrity, or the immediate~prnent of t~?e debt b~secvred sad the failrue of the Mort 1p~'t1Y wfth said demand of the Mortiyrgee for a Period of thirty (30 daYr, shat! oomtitnte a of thb wortgage and, at the o~pt~iorb~ ortgagee, immediately mature the entire amount of prindpd interest hereby secured, and iasmediatdy and wit~out may mstit~e proceedings b faecloss this mortppe sad apply far the appointment of a Receiver, at hereiaaftar ~ the Mortgagee i BOOU~ PAGE