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Home My WebLink About1012 • r .TO HAYS AND TO HOLD the same, together with the teae,meab, her+editameMs sad apparteotooes, unto the Mortgagee, is fee simple. AND the Mortgagor does hereby covenant with the Mortgagee that he b indefeasib seized of said 4od In fee simple, that 6e has full power and lawful right to convey said land ip fee simpb a aforesaid; that it shall be Lwful for the Mortgagee at ap times peaeeahly and quietly to enter upon, hold, ecrupy and enpy said land; tlwt said land is free hem all inrtunbrances; that he will make such further assurances to protect the fee simpb a'tle to sejd Itu~d in the Mo~rt~agee as awY reasaubly bs required; that he dos hereby (u11y w~arraat the title co said Land sad wilt defend the same against the lawful elaLns d all peno®t wbomsoaver. PROVIDED, ALWAYS. that H the Mortgagor shaft pstiy onto the Mortgages the oertaio pra~missory note o! .which the fodowlas m words and ftgurs b a tens copy. Oo~wlt: CAMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES RIVIERA BEACH. 1?fARIDA April 28, 19 80 Being indebted, for value received, the undersigned jointly ind severally promise to pay to DOMMUNITY 1?EDF.RAI. SAV INGS AND LOAN ASSOCIATION OF THE PALM BEACHES at its office in the City of Riviera Beach, Florid:, or order, the sum of SIXTY TNO THOUSAND FIV$ HUNDRED AND NO HUNDREDTHS--------_ « 62,500.00 ) together with interest thereon as hereinafter stated ib monthly installments of 72/100- ~ Eight Hundred Forty=One and DOLLARS ( 841.72 The first iastaliment :hag be due and payable oa the 10th of June 19 80 and subsequent toatallments shall be due and payable on the 10th ~Y ~ each and every calendar anonth thereafter until the principal and interest are fully paid. Larger sums m:y be paid a! tune, bet the payment of a~+ such Leger sum in addition to the payments hereiu re- quired shall not relieve the makers of~ payment of the monthly installments herein provided for, unless it b specifically stipu- lated by the makers at the time of payment that such larger sums am to be applied to the advance payment of the monthly install- ments neat maturing in the order of their due dates. All payments made upon this note shall be applied first to the payment of accrued interest and sernrrdly upon the principal. This obligation shall bear interest from date at the rate of --Sixteen------------ per cent ( 16.00 96 ) per annum until the principal and interest are fully paid. Interest for each calendar month shall be accrued ari the first day~of said monffi and be computed om the unpaid balance of principal and interest existing on the test day of the preceding month. This note shall be coasider+ed in default when any paY~- ment required to be made hereunder shall not have been made by its due date and shall remain in default until said payment shall have been, made. While in defardt, this note shall bear interest at the rate of --Eighteen p~ cent ( 18 96) per annum in lieu of the rate heretabefore specified and holder duringg 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. AII 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 defa tin the payment of arty iuttallmeat due hereurder for a period of thirty (30) days the whole of said indebtedness shalt thereupon at the option of the 6oWer, beoorne immediately due and pay- able, and if this note beoornes in default and is placed in the hsods of an attorney for collection, to pay reasonable atton~s fees and all other coats including costs and attorneys fees of AppKgate Court Proceedings for making such collection.. • This note may be prepaid in whole or in part at any time without penalty. • i~at~ S/Eugene R. Andre __.._--(SEAL) ugene re . _ rcFait ~[1~~'garet S. red P (SEAL) the Palm Beac3us) ~ a mortgage of eves date ezearted by the m~err~~rv~ar ~f Catty Federal Savtags and Lem Assn. and shalt promptly per~onn, comply with, and abide by each and every the boos, agreements, conditions, and covenants of said pmrn- issory note and ~ tlis deed, then the estate hereby created shall Deese anduD and void. AND the Mortgagor does hereby covenant and agree: 1. To pay aD and singular the principal and interest and other sum: of money payable by virtue of said pmnoissory note and this mort- gage, or either, promptly on the days respectively. the same severally come due. 2. To pay all and singular the taxes, assessments, levies liabilities, obligations and enrvmbranoes of every nature on said described prop- erty each and every when due and payable according to few, 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 the same without waiving or affecting the option to foreclose, or any right hereunder, and every payment m made shall bear interest horn the date thereof at the rate provided in said pmmitsory note. 3. To keep the buildings and all equipment and personal prope~y now or hereafter ao said Premises, eoverc+d try this mortgage, insured in a sum at least equal to the unpaid balance of this mortgage„ inndd ng flee, Aooti, extended coverage vandalism, malicious mischief, and any other coverage rewired by the morigagee, as to properties other than dweDing~ and fire. food, extendeed coverage, special-form other-perils insurance, and any other coverage required by the mortagee, oo dwellings eligible for such broadened coverage - provided 6mvever, that such insurance be in an amamt sufficient to comply with any co-insurance n~quirements covering same under the laws of the Mate of Florida, and provided further that the policy or policies shall be written in a cmr?pany or companies and through an agency satisfactory to the Mort- gagee and that .said policy or policies shall be held by the Mortgagee and shall bear a standard New York Mortgagee Clause without contribu- tion, maleg the loss under said policies payable to the Mort~cagee as its interest may appear; and in the event arty sum of money becomes ppayable under spy such policy or policies, the Mortgagee shalt have the option to receive and apply the same on acoamt of the indebtedness hereby secured, or to permit 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 by virtue of this mortgage; and in the event the Mortgagor does not oom~ with this covenant, the Mortgagee may place and pay for such insurance, or any part thereof, without waiving or affecting the option to . a any right here. under, and the full amount of each and every such payment shill be immediately due and gable, Ind shall bear Interest from the date thereof until paid at the default rate provided in said note seed together with such interest shall bs secured br the lien of this mortgage. Insur- ance rnverinR the peril of flood damage shall be as required by-the Federal Disaster Protection get of 1973, as as amended, sad mortgagor covenants and agree to comply is aD reepects with the provisions thereof. 4. That mortgagee may, at any time during the mortgage tenor, and io Ib discretion, apply foe renewd of mom guaranty Innranoe oovertng the mortgage executed by the undersigned on even date herewith, pay the premium due by reason thereof, and require repayment by tlx undersigned of such amounts as are advarrcr.i by said mortgaeee. in the event of failuro by the undersigned to repay said amr?unts to Tsai mortgagee. such failure s6aII be considered a default, mrd all provision of the note and mortgage with regard b defauk shaII be apply S. To permit, commit or :offer m waste, impairment a deterioratlom of saidp~ope~y, or any part thereof. sad upon the faIIure of the mortgagor to keep the buildings oo said property is good ooaditloo of repair the 1?latgagee may demand the immediate repair of said build- ings, or as Increase in the amount of security, ar the immediate yymmeat of the debt hereby secured and the failure of the M ply with said demand of the Morttprgee for a period of thirty (30~adays, shall coosHtute a breach of this roortgage,~ sod, ertgager to cam. ortgagee, immediately mature the entire amount of principal aaondd interest hereby secured, sad immediately and without at the option of the may imtjtate proceedings to foreclose fhb mortgage and app~? far the appointment of a Receiver. as herdoaftsc o i the Mortgages BOOK P~~~ ttatr - - - - - ~ _ _ - . _