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Home My WebLink About0383 TO IIAYE AND TO HOLD the sous, together with the teacmer,b, hereditament and appurteaanoes, onto the Mortgagee, fa fM simple. AND the Mortgagor does hereby covenant with the Mortgagee that be b indefeuit,lp seized of said land in fee scruple, that he bas full power a,d lawful right to car?vey said land is fee ai,apb u aforesaid; that it shall be wful Eor the Morttiay;ee at all tiiues peaceably a,xl yuirlly to enter upon. hold, occuppyy and enjoy said laal; that said laud is free Erom all tnch,mhrances; (fort he will wake sorb further assurances to prptect the fee simple tills to said land in the Ma~tgagee a ma reasonably be requirod; that he does hereby fully warrant the tide to said land and will defend the saws agairut the law[uJ claiu,s of ~ persona whomsoever. - PROVIDED. ALWAYS, that if the Matgagoc shall pay unto tLe 1lfortgages tbs certain pccasirsory sots of which the followins io word:. and figures d a true oopy~ to-wlt: I1 COAiMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES • ~or#~tt~e ~o#e RIVIERA BEACH. FLORIDA October 17, 19 80 Being indebted. for valor received, the urxlersigned lolntly and severally promise to pay to COMMUNITY FEDERAL SAV- INGS AND LOAN ASSOCIATION OF THE PALM BEACHES at its office in the City of RIviera Beach, Florida, or order, the sow of THIRTY FIVE THOUSAND AND NO HUNDREDTHS------- 35, 000. 00) { together with interest thereon as hereinafter stated in monthly installment of Four Hundred and 90/100-------------------------------------------- DOLLARS(>) 400.90 ~ 77re first faaa))ment shaD be due and payable on the 10th ~'-ef March 1981 and subsequent imtallment shall be due sari payable on the 10th day of each and every akndar month them[ter until the principal and interest are fuDy paid.„U~}nt~~il the first payment mentioned above, interest 8h~t~l~~?ti~otl+dt'mb'paymeM of ar?y such larger sums in addition to the paym~mts herein to- gaited riot relieve the makers of t of the monthly installments herein provided for, unless it is specifically stipu- ~ fated by the makers at the time ~ payment that such larger sums are to be applied to the advance payment of the ma?thlj+ install- ments next matunng in the order of their due dates. AU payments made upon this note shall be applied first to the payment of accrued interest and secondly upon the principal. half This obligation shall bear interest From dace at the rate of Thirteen and one / per cent (13. 50 ~ ) per annum until the principal and interest are fully paid. ~ Interest for each calendar month sha0 be seemed oo the first day of said month and be computed on the ,mpaid balance of principal and interest existing on the last day of the preceding month. This note shall be eor,sidered in default when auy pay- ~ meat required to be made hereunder shall not Gave been made by its dos date and shall remain in default until said payment shall have been made. While in default, this note shag bear interest at the rate of E 1Qhtes~ - - - - - - - - per cent ( 'R per annum in lieu of the rate hereinbefore specified and holder d,]fingg d salt may at its option refuse to accept payuSeBt of any sum less than the total amount then due or declared hereunder to be due. 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 d clefs tin the payment of say installment due hereunder for a period of } f thirty (30) days the whole of said indebtedness shall thereupon at the option of the 6oWer, become immediately due and pay- i able and if this note becomes in default and is placed in the hands of an attorney for coUectiay to pay n~sonable attorney's fees ~and'sll other costs including costs and attorney: foes of Appellate Court Proceedings for 'making such collection. i This note may be prepaid in whole a• in part at aa)r time without penalty. S./Robert J. D}bl~g,-=dr. _ (SEAIa (SEAL) . Robert J. Dibling, Jr. . S/Lee Ann Dibling ~ GSEAi~ - -------------------(SEAL) I~e$ Ann iblin ('i'bis e u secr,red~jr a nno~tgage of eves date emecated by the makers in favor of Community Federal Saving: and Loan Assn. of the Palm Beaches) f ~ - and shall prom orm, comply with, and abide by each and every the tiara, agreen,arrts, oonditiora, and covenants of said prom- issory note and of deed, then tha estate hereby created :baD cease and be null and void. M'D the Mortgagor does hereby eovemnt and agrce: i 1. To pay all and sirg„lar the principal and interest and other sums of money payable by vL~trre of said promissory note and this wort- gage, or either, promptly on the days respectively, the same severally Dome due. + 2. To pay all and singular the lases, assessments, levies h'abilitia, obligations and eoc,mrbranoes of every nature oo said described prop- - ~ -rty each and every when due and payable according to ~aw, before ~y became delinquent, and if the same shidl not be pranptly paid the Mortgagce may at any lime either before or after delinquency pay the same without waiving or affecting the option to foreclose, or sny 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 tSe buildings a~ all equipment and personal ~rope_rty now or hereafter m said premises, covered by this mortgage, insured in a sum at least equal to We unpaid balance of this mortgage, ndudiog flrg food. esteaded ooversge vandalism, malicious mischief, aril any other rnverage aired by the mortgagce, ss to properties other than dvrellinggts and fire, flood. extet,~ed coverage, special-form other-perils - insurarce, and any other coverage required by the ntortagee, on dwellings eligib~e for such broadened coverage - proricled however. that ~ such insurance be in an amount sufficient to eomp_ ly with any oo-fnwranoe requirement eoverinR same under the Lws of the Mate of Florida, and provided further,that the policy or policies shall be written in a company or companies and through an agency satisfactory to the Mort- ~ fiagce and that said pdicy or policies shaD be held by the Mortgagee and shall bear a standard New York 1?fortgagee Qause without contribn- ( lion, makLg the loss under said policies payable to the Mortgagee as it interest may appear; sad in the event any sum of becomes payabb under arty such policy or policies, the MortgaSoe shall have the option to receive and apply the same oo account of tbtedness hereby secured, a to pewit the Mortgaggor to receive sad use it, or a part thereof. for other purposes, without therebry? waiving or impair- ~ ing any equity, lien, or right under and b}? virtue of this mortgage: an~in the eves( the Mortgagor dos not ooaply with this covenant ~ { Aortgagee may pl~a~ce and pay for such insurance, or any part thereof, without waiving oraffecting the option to wedose, or any fight under, and the full arr,arnt of each and every web payment shall be Immediately fine and payable, and shall bear interest from the date k thereof until paid at the default rate provided Ice said Dote and together with wch interest shall be secured the lies of this mortgage. Iowr- f once coverin the peril-of flood damage shall be as regtdred by the Federal Disaster Protection Act of 1973, or d amended, and mortgagor ; covenants and agrees to comply io all ~'t with the provisions thereof. 4. That mortgagee may: at arty time during the mortgage term, and is ib discretion, apply Eor reoewd of guaranty imtuanoe covering the wortgage executed by the undersigned on even date herewith, pay the premium due by reawo ~a~nd requim repayment by the undersigned of such amounts as are advanced by said rnorttratsee. In the event of failure by the nndersitoned to repay said amrwnts to said mortgagee, wch failure shall be ooceidered a default, sad aD provisbns of the note and mortgage with regard to defauk shall be appli- cabb. 5. To permit, commit or suffer no waste. impairment or deterioration of saW p~perty. qtt say part thereof, sad npoo the failure of the mortgagor to keep the buildings on said property is good oooditioo of repair the 1Nortga~ee may dearand the immediate repair of said build- in1p, or ao increase in the amount of security, or the immediate yy~~ent of t~e debt hereby secreted and the failure of the Mortgagor to can- ply with said demand of the Mortgagee far • period d thirty (30~days. ahait oowtitnte a breach of thk mortgage and, at the aptirx, of the Mortgagee, immediately mature the satire amount of priocdpal aondd interest ~ secreted, and immediately and wit}wut notice, the Mortgagee t may io:<jteete prooeedieegs to foreclose this mortgage and apply Esc the appofotraent of a Receiver, a: fierdnaftee provided. 8~~341 ~~E ~ - z a - -