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Home My WebLink About1888 TO HAVE AND TO HOLD the same, tottetber with the tenesrrenb, beredltameab and appurtewaoes. onto the Morteage+e, in Em sGnpk. AND the Mortgagor does hereby covenant with the Mortgagee that be is iudefeasitlr aeizsd of said land In fee simpb, that hr? bas full power aril lawful right to convey said land in fee simple as aforesaid; that it shall be lawful for the MortKaKea at all tuae~ p~a~~eably ud quietly to inter upon hold, oa~upy cad en card land: that aid Lind is free from all iucrmrbrarrces; that ire wip make such fruther acsuranr~es to protect ttw fee simple titb to aid lad W the I~tort~taSee as mater rea:onaWy be ratuired; that he doe hereby fully warrant the title to aid laud and will defend the :erne agaimt the lawful claims of a!1 pensoos whaosoever. PROVIDED, ALWAYS, that ff the Mortgagor shall pay m?to the Mortgages the oaWn promissory Hots of which tbs ftrllawlos m words and figures b • toss copy. to-wilt C011ihiUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES c~°~tt$e RMERA BEACH, FLORIDA October -'a le 8 0 Being indebted. for value received, the undersigned loindy end severally P~ ~ pY ~ COMMUNITY FEDERAL SAV- INGS AND LOAN ASSOCIATION OF THE PALM BEACHES at ib office is the City of Riviera Beach. Fhxida, a order, t'strm of ONE THOUSAND EIGHT HUNDRED & NO/100ths « I, 800.00 ~ together with interest thereon a: hereinafter stated fn wontbly instaWuerts of FORTY ONE AND $9iI00ths----- DOLLARS (i 41.89 The first iastallenenl shaD be due and pyabk on the 10th d4 December I9 80 and subsequent installments shall be due and payable on the 10th day of each and every calendar month thereaf:er until the principal and interest are fully paid. ~ Lrger sums may be paid at tlme. but the payment of any sock larger sums in addition to the payments herein re- gnind shall not relieve the makers of~ yment of the monthly installrrrents herein provided [or, unless it is specifically stipu- lated by the makers at the time of paYmentathat such )a er sums are to be applied to the advance payment of the monthly install- ments nest matunng m the order of their due darns. A~ payments made upon this note shall be applied first to the payment ~ accrued interest and secondly upon the principal. This obligation shall bear interest from date at the rate of fourteen-- - - - - - i~r ce'rt (14.00 % ) per annum until the princtipal and interest are fully p.'rid. Interest for each rnkndar month shall be accrued ost the first day of said marth and be computed on the unpaid balance of principal and interest eiisting on the List day of the preceding month. 'this note shall be considered 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 default, this rate sha0 bear interest at the me of eighteen- - - - - - - - - - - - - - per cent ~ 18.0 96) per annum in lieu of the rate hereirbefon specified and holder durIrg default may at its option refuse to accept payment of any sum less than the total amount then due or declared hereunder b be due. All makers and endorsers now or hereafter parties hereto jointly and severally vraive demand, notice of non- payment and protest, and agree that !n the event of defa in the payment of i>wtallment dire hereunder for a period of thirty (30) days the whole of said indebtedness shall tbererrpon at the option of the holder, booome immediately due and pay- able, and if this note becomes in default and is placed in the hands of an attorney for oollectioo, to pay reasonable attorneys foes and all other costs including costs and attorneys fees of Appellate Court Prooeedingr for making such collection. ! This note Wray be prepaid In whole or in part at a~ time without penalty. rcrr~~ s /Constancia P. amos , .___.._(SF.AI.) Constancia P. Ramos rcg~?L? - - ------------(S~) (This note is secrrrrd by a mortgage of even date eaect~ed by the makers in favor of Community Federal Savings and Loan Assn. of the Palm Beaches) _ and shall pan pt1Y perform, comply with. and abide by each and every the~y boas, ag~reemmb, conditions, and oovemats of said prom- issory note dot this deed, rhea the estate hereby created :ball cease and 6e null and void. AND the Mortgrgor doe hereby covenant and agree: I. To pay all and singWar~ ~priner~p~~yur~ same sevrnlly oome~y ~Y~ ~ virtue of aid promissory note and this mort- gage, or either. Promptly l 2. To pay all and singuLrr t rases, assasmanb, ijevie: NsbiL'ties, obligations and encvmbrancd of every nahrre on said described prop- ( erty each and every when due and payable according to )'aw,. before they )lecome ddinqumt, and if the same shall not be promptly paid the Mortgagor may at any time either before or after delinquency pay the same witlaat waiving or affecting the option to foreclose, ar any right hereundler, sod every payment m made shall bear interest from the date thereof at the rate provided io said promissory note. 3. To keep the buildinggss and aDeq t and persona) property Haar or hereafter oo said premises, covered by this mortgage, irrsrrred in a sum at least equal to the unpaid balanoe~ this mortgage, including flood, osi~eaded ao+?eraggggv~andalism. malicioers mischief, and any other coverage r~q~ired by the mortgagee, as to properties other than and fire, flood, eates?ded oovenge, special-form other-perils insurance, and any other coverage required by the mortagee, on dwellings eligi for such broadened coverage -provided, however. that such insurance be in an amount sufficient to aoap_ ly with arry oo-insurance requirement oavering same under the lavra of the State of Fbrida, and provided further that the policy or policies shall be written in a compsay or eompanks and through sn agency atisfactory to the Mort- gagee and that said policy or policies shall be Geld by t I?iortgagee and:ball bear a standard I~ew York Martgagee Ganse without contrihu- ~ lion, mai;ing t loos under said policies ~y~~le to the M xtgagee as ib Interat may appear, ar.d in the event any sum of money beooraes payable urdzr any such policy or , t}re Mortgagee slhsD have the option bo reodvs and apply the same on account aft indebtedness hereby secured, or to permit t or~tgag to rexive and use it, or any part thereof. for other pnrpoad, witbont thereby waiving a [mpair- i` ping any equity, lien. or right under and by virtue d this mortgage: and in the evert the Mortgagor doe not comply with this aoverrant, the I?iortgagee may pL~ce and par for such insurance. or any part thereof, w[thout waiving or off the optiar to foreclose. «any right bere- under, and the full amount of each and every such payment shall be imrediatey due and~_echng _ and shall bear interest from t date thereof until paid at the defauh rate provided in aid note and together with snc6 interest shaD be sbe~c0.ured b~? t lien of this mortgage. Insur- ance coverin t peril of flood damage shall be as regnlred by the Federal DLaste: Protection Act of 1 3; or d "amended, cad matgaga coveaanb a~ agrees to comply in all rapxYS with the provisions thereof. 4. That mortgagee may, at any time during the mortgage term, and in ib disQetion, apply for renewal of mortgt®e soarasly insraenos covering t wort ge e:ec+rted by the undersigned on even date herewith, ply the premium due reason thereof, and regain repayment said mrnt ~ ailunashallnbe aooasiderod a dehbryih, cad aII pcovisiomthafe the note and mortgage with regard to d~efaryih sha11 be ncappli- cable. 5. To permit, commit or suffer m waste. impairment or deterioration of red p~pert~, or asry pct thereof. and opoo t failure of the mortgagor to keep t buildings on said property io good ooodition of repair the M may demand the immediate repair of said build- insp. ar ao ir?crease io t amormt of security. or the 6mnediate repayment of t~e debt~iecnred s?od t failure of t Mortgagor to com- ply with said demand of t Mortgagee for a period d thirty (302 days, :ball oomstitnte a of this wort and, at t option of the gaimmedpe~ ~ ~thi~ a~p~ ~ Viand ~ of a~Moefver~ ~ the Mortgages so~~~ 1