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Home My WebLink About0008TO HAV13 AND TO HnLD the same, together with the tenerrreab, berodltamenb and appnrteoaooes, unto the Mortgagee, in fee simpb. AND the ~ Mortgagor does hereby covenant with the Mortgartoe that be b tndefeasi seized of sold land is fes •impb, that be has full power and lawful right to convey saW laud is fee sinrpk as aforesaid; that it shag be Lwful [or the MortKagee st all tines peacba{ply and quietly to enter upna~ hold, o~rupy and en saki larKi; that aid held b free from all tantmbrarte+tes; ttuct he will trutko such further assurances to protect the foe simple G'tb to said land in the I-to~rt~tagee as a~ax~ reasooabJy bs required; that bs don herobp fully ~iurant the title to said land and will defend the same agauud the lawful derma of all persow wrham•oerer. a1~Ched PROVIDED. ALWAYS, that If the Mortgagor shaD pay lento the Ulortaages tbs oertata ps+aasi••oey note of whtcL ths~b~elitg i>a words and figtua b a trus Dopy. eo-wfte O111MUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACI~ QY'~ tt E Dt~E / ; ,, j, RIVIERA BEACH. FLORIDA 19 Being indebted, value received, the undersigned Jointly and severally prombe to pay to COM~NITY FEDERAL SAV- INGS AND LOAN ASS TION OF THE PALM BEACHES at its office in the City of Riviera Florida, or.order, the sum ~ ~ LLARS (s ) together with interat thereon as reinafter sUtod Lr monthly instaWnent: of DOLLARS ( ~ )• The first instillment shall be due and bb on the day of / 19 and subsequent installments shall be due a payable on the day each and every calendar month thereafter until the principal and interest are fuIIy paid. La atur~ may be paid at time, but yment of am- larger slum in addition to the payments herein re- quired shall not relieve the makers of~ payment of monthly is herein provided for, unless it is specifically stipu- lated by the makers at the time of payrttent that such la sums are be applied to the advance payment of the monthly install- ments nest matunng in the order of their due dates. A n de upon this note shall be applied first to the payment of Accrued interest acct secondly upon the principal. This obligation shall bear interest from date at the of \ per annum until the principal and interest are fully paid. Interest for each calendar month shall be on the first d~j.Qf of principal and interest existing on the last-day of preceding month. 77TT~~ ment required to be made hereunder shall not been made by its due do have been made. While in default, this note 11 bear interest at the rate 96) per amum in lieu of rate hereinbefore specified an accept payment of any. sum less than amount then due or declared per cent ( 96 ) said month and be rnmputed on the unpaid balance s note shall be considered in default when any pay- and shall remain in default until said payment shall of - per cent I during default may at its option refuse to to be duo. All makers and endorses or he:+eafter parties hereto Jointly and wasve demand, notice -of non- payment and protest, and agree in the event d default in the payment of an}- due hereunder for a period of thirty (30) days the whole of indebtednw shall thereupon at the option of the holder. immediately due and pay- able, and if this note becomes default and is pLined in the hands of an attorney for collection, pay reasonable sttorney's fees and aD other cosh indudin and attorneys foes of Appellate Court Proceeding: for making collection. 11tLs note may b~prepaid is whole ar in part at any time without penalty. -------------- (SEAL) is note u secured by a mortgage of oven date executed by the makers in favor of Community Federal Savings and Loan Assa. the Patin Beaches) - and shall pra.rptly perform, comply with, and abide by each and every the stfpulatioos. agreements, oonditio•rs, and covenants of said pran- issory note and of this deed, then the estate hereby created shall cease and 6e nuII and void. _ AND the Mortgagor does hereby covenant and agree: 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note and this moct• gage. or either, !?~pdY ~ ~ days respectively, the same severally Dome dun 2. To pay aII and singular the tares, auessments, kvies~ liabilItia, obligations and eneumbsanc~ of every nature on said described Prop- erty each and every when due and payable according to w, 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 sny right 6ereurxkr. and every payment so made shall bear interest from the date thereof at the rate provided in said promissory note. 3. To keep the buildinggss and all cgnuipsent and personal property now or hereafter on said premises, Dowered by this mortgage, insured in a sum at least equal to the unpaid balance of this mortgage. i>~og fire, food. e:teoded ooveraggvandalism, malicious mischief, and any other coverage required by the mortgagee, as to properties other than dvreDinggss,, and lira, flood, extended coverage, special-form other-perils insurance, and any other coverage required by the mortagee, on dwellings e)iglble for such broadened coveraggee -provided however, that such insurance be in an amawt sufficient to omrt_ ply with any Dn-insurance requireasenb covering same order the laws of the State of Fbrida, - ~ and provided further that the policy or pdicies sbhaallll be written in a eompan~ or companies and through an agency satisfactory to the Mort• gages and that said policy or policies shall be held by the Alortgagee and s6ai1 bear a standard New York Mortgagee Qanse without Dontribu- lion, makingg the loss under said policies payable to the M $agee as ib interest may appear and in the event a~ sum of becomes payable under any such policy or policies, the Mortgagee sh D have the option to reodve and apply the same an aDOamt of the indebtedness hereby secured. or to permit the Mortgagor to receive and use it, o< any part thereof, for other purposes, without thereby waiving ~ impair- ing air equity, lien, or right under and by virhre of this mortgage; and in the event the Mortgagor does not comply with this the ~ I-fortgagee may ppl~~a~~ce and pay for such insurance, or any part thereof, wltbout waiving or offec~ng the option to arec3ose, or any right ere- - under, and the fuII amount of each and curry sock payment shall be immediately due a~nd_~ay~bk, and ahaIl. bear interest from the date thereof until paid at the default rate provided in said note and together with such iMererd shall be aecvred the lies Df fhb mortgage. Lrsnr- once covering the peril of flood damage shall be as required by the Federal Dbaster Pmtectim Ad of 113, or ~ amended, sad mortgagor Dovenants anndd agrees to Damply in all respects with the provbiorrs thereof. 4. That mortgagee may, at any flax during the mortgage term, and fo its dbcretion, apply for renewal of guaranty iaNranoe covering the wort~age executed by the undersigned on even date herewith, the praniwn due bar reason ~ n~quire repayment by the undersigned of such arrtoonts as are advartcerl i-Y said rrtnrtga•ee. In the eweM of failure by the undersigned to repay said amounts to said mortgagee. such failure shaIl be oomWered a default, and all provision of the note and mortgage with regard to defauh shaD be app$- cabb. t S. To permit. Dornmit or suffer no waste„ impairment or deberlosatbo of s=id p•~perty. or any past thereof. and upon the failure of the ~ mortgagor to keep the buildings on said Property is good oooditioo of repair the i~lortga mry demand the immediate repatr of said build- ings, or an increase in the atnotmt of security. or the immediate ent ~ the debt secured and the failure of the Mortgagor W coar- ply with said demand of the Mortgagee for a period of thirty (30~~ays„ shall oomtitnte a of fhb wort~e and, at the option of the Mortgagee, immedLtely matnrc the entire amount of principal a~nda iMera•t hereby segued, sad immedLtdy and wlt~ont ootiati the Mortgagee may ioditats prooeediys to foreclose fhb mortgage sad apply for the appo of a Reodver, as 6ereioafber provdedR. a °R344 PASE ~/ BOOK - ~- ~ - - I ~. - _,~ ~ f~V,. ~'-`"tea