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Home My WebLink About1913TO lUVk AND TO flnt,p lhe sa~ne, toQethe+r with tho tenc~nenb, 6erailtamenb aod appurtenanea, unto tl~e I-latgaRee. in tn+ si~aple. A1~D the 1-tortQa~;or does hemhy oovcT-ant ~vith tl~e 1~1ortKal~~w U~at he ~ IaJrfeasibly u~iud af taid Isnd io tee dmple, that 6e 6at fuU powrr antl IuwGJ riy;lU ta canvey snid ix~Kl in tre simple as i-Iorrsuhl; lhat it shKU {ie law(ul for the I-1ortKugre at all tin~cspr aceably ni~d yuirtly to rntrr upm, huM, occupY aiKl en ~r said I•ri~d; that s+ud laud is free~ Irom tU incumbra~xrs; tt-at hr wiU niake such Iu~U-er assura~x.v~ to protect U~e fee simpl~ title to sai~ taucl in tGe I~turtK~kre u ma ~ruso~ably he nr~ulred; that 6e doei berei~y fully wanaut the tilk to taid laaJ arK! will defr.ad the aa~ue ~gu~nst tLe lawf~d cledms oI ~ persons wboo~wrver. PRO~'IDED. ALWAYS. that 1f tbs Matgagor s6All p~y unto tt~e Matgagee tbe oertata pwml~soq- note of wWc6 tLe foUvwdas iu word~ and figutet it a hue oopy. eo-wit: - CO~i11iUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES ~QL`~~M$e ~O~e RIVtEHA BEACH. FLORIDA November ~ 19 80 Beiag iadebted, for value received. the undenigaed iotndy and s~werally promise to pay to C011iMUNITY FEDERAL SAV- INGS AI`D LOAN ASSOCIATION OF THE PALM BEACHES at its office iu the City of Rlvien Brach. Fbridp, oc order, tLe s~un ofSeventy Seven Thousand Six Hundred and no/100ths-------- ~~RS (i ??~ 600. 00 ~ togetber with interest thereon as hereinaRer stated in moathly instaWneats of Nine Hundred Thirty Four and 84/l~~ths--------------------------------------- DOLL~s (~ q34.84 >• Tbe first tnstallment s1,aU be doe ud payable m the lOth day cf January 19 81 and subaequeot tastallnoents st~ull be due and payable on t!-e lOth day of each and every calendar mo~th the*eaiter until the principal aad interest are fully paid. ! I.ar~er sums may be paid at anp time, but the paymeot of a~- suc6 laryeer snms in addition to the payments herein re- j quired s6all aot relie~-e the makers of We payment of the moathly i~taWnents herein provided [or, ualess it is specificaUy stipu- ' latecl by tlie makers at the time of pay~nent that such larger sums are to be applic~l to the advance payment of d~e monthly install- j ments ncxt mah~nng m t6c onler oE their due dxtes. All payments ~nade upon this note shall be applicd first to the payment ~ accnx,~d interest ancl seconJly u~wn the print7pal. I quarter ~ This obliRation s6all bear iaterest from date at the rate o[ Fourteen and one/ ~~ re~~ t 14. 25 ~~ ) ~ per annum m~til thP principal and interest are fully {~.aid. ~ Interest for each calendar month shall be acerued oa the first day of said month and be computed on the unpaid balance of principal a~cl interest existinq on the last day of the preceding month. This note shaIl be rnnsiJered in deiault when any pay- ment required to be made hereunder shall not have been made by its ciue date and shall remain in de(auli unW said payment shap ~ have been made. While in default, this ~ote shaU bear interest at tl~e rate of ei hte en- ------------ P~ ~~ ~ ( g~ ~ 96 ) per annum in lieu of the rate hereinbefore specified and 6older ~uring default may at its option refuse to ~ acoep~ payment d any swn less than the total amount then due or declared hereunder to be due. { All makers and endo~sers novr ~ hereafter ~ parties hereto jointly and several}y waive demaad~ ndice of non- ~ payment aud protest, and agee that in the event of defa t in thepa yment of a~y installment due 6ereunder for a period of ; thirty (30) days the whole of said indebtedness shall t6ereupon at the option of the 6older, becane immediately due and pay- ~ able, and iE this note becomes in default and 'u pIaced in the hands d an attomey for collection, to pay reasonable attorney's fees and all other costs including coats and attorneys fees of Appellate C'.ourt Proceedin~ for mal~ing such rnllectian. This note may be prepaid in whole or in part at any time without penalty. ; s/James M. Schenden rS~W ~Harrv J. Nicholie .____________ ______ ___ (SEAL) ~ James M. Schenden Harry J. Nicholie (SEAI.) --- - ---- ----------------- ----- -------------- -----(S~A1-) (This note is secured by a modgage of even date eiecuted by the maken in fava of Commanity Federal Saving~ ~nd I.oan Assn. of the Palm Beaches ) and shall pr~ptlype dorm, oo~mply with, and abide by each and every the ~tioas. a8rameab, aonditions, and aovenants of said prom- issory note and of this deed, then the estate hereby cceated ahall cease and n~11 and rad. AND the Mortgagor does hereby oovenant and agroe: 1. To pay all and sing~ilar the principal and interest and other snms af moneY WYabk by virtue of said promicsory note and t}us mat- gage. or either. promptly on tl~e days respec.tively~ the same severally oome due. 2. To pay all and sing~ilar tbe tues, assessments, levies liabilities, obligatlom vod encumbrances of every nahue on said described prop- erty each and every when due and payaLle according to taw, be[ore t}~ beeome delinquent, and iE the same :6all not be prompily paici the 111ortga}Cee may at any time either before or after delinquency pay tbe same without vraiving or affecting tLe option to [oreclose, or any ri~t hereuncler, and every payment so made shall bear interest from the date thereof at the rate provided in said pcomissory note. 3. To keep t6e buildin~s and aU e quipment and persona) praperty noar or he~eaEter on said premites, oorered by thts mortgage, innired in a sum at least equal to the unpaid balanc~e of this mortgage, induding fire, flood. atended ewerage vandalism, malicious micchief, nnd any od~er coveragere~ uired by the mort}iagce, as to properties other than dwellin~s and Eire, flood, tsten~ed coverage. special-form other-perils insnrance, and any Wl~er coveraRe re~uired by the mortagee, on dwellings eligib~e for such broadeoed ooverage - prwided, 6ow•cver~ that such insurance be in an amount sufficient to comply with any co-iosurance requiremenb oovering same under the lavrs of the State of Florida, und provided further that tbe policy or pol~cies shaU be wrinen in a company or oompanies and throa¢ an ageney satisfactory to the I~tort- 2agee and that said poL'cy or policiPS shaU be 6eld by the ~fortgagee and s6a11 bear a standard New York Mortgagee Clause without rnntribu- tion, making the bss under said policies payable W t6e Mortgagce as its iotereat may appear; ud in tLe event a~ sum ofmone~ becoma plyabk under any such policy or policies. We 1-tortgagee shall have tbe aption to receive and apply tLe aame oo aooount af the iudebtedoas hereby sccnred, or to permit the Mat~agor to receive aad use it, or any part thereof. for ofher purposes~ without thereby waIving or impair- ing any equity, lien, or dgh~ under and tiy virtue oE this mortgage; and in the event the Mortgagor does not oomply with thIs covenant, the I~tortgagee may pl~a~ce and pay for such insurance. or anY Part thereof~ wit6out waiviag ar af[ecting fhe optioo to (oreclose, or any dp,6t bere- under, and the full amount of each and evrry such payment shall be immedistdy due and payable, and sball bear interest Eram the date thereof until paid at the default rate provided in said note ~nd togetber with such interest thall be secvred b~r t6e liea of tWs mortgag~e. Insur- ance caverin the peril of flood damage shall be u requirod by tbe Federal D'uaster Protection Ad of lffl3, or as amwded, and mat~oc coveaants ~ agrees to oomply in all respecb with the provLsions thereof. 4. T6at mortgagee may, at a~ time during the mortgage te~no, ~nd in ib discretion. ~pply for renewal oEmortga~e guaraoty fmurmos covering the mort~s ge ~ecuted by the undersiqned on even date herewith,p~ y t!~ premium due by reaaoo fbereof. and reqmre rep~ayment by the undeRiAoed of such arrMnnts as arc advancwl by sai~1 rrMrtQaeee. in t}~e event of failure by the undersi~p~ed to rr~my said e-nounts ro said mortgagee, suc6 failure shaD be oonsidered a default, and all pmvision: of tLe note and mortgage with regard to deEault ahall be appli- cabb. 5. To permit, commlt or wffer no wzste, imPdrment or deterioration of taidpmp~rty. or anY Pa't tLereof. and upon tbe failare of tl~e mortgaRor to keep the buildinyp oo said property in good cooditioo of oep~atr tbe Martqa m~y demand the immediate reprir of said build- inqs, or an ir~ease in the auKwnt of security. or the immediaterep~~mmt of t~e debt bere~y ~ecvred and tbe failure of tbe Mortgagor to coar ply with said demand of the MortKaKee for a period af tbirtY (30) daYs, shaU constitute ~ breac6 oE this mortgage. aod, at the optioo o( the INortgaKee. immediately matnre the eotiro amo~u~t of prtn~ipal tDd interost I~ereby aecured, ~nd immediatdy and witbout notiee, the Mort~gee may ia~itute Dr~oeedin8~ to fo~eclo~e tLt~ mortgagie aad applp Eor tLe appoiotment af • lieoeiver. as 6ereioafter provided. F _ ~x345 p ..~ _ .~.; . . Y .. .- ~ T _ ~ - - - - -- -- _ - - - - - -- - - -- _ - ~E19~ ~. . ._ ..~"'~._.~.~!.;~:~~c .. .: . ~"~ .~ .. ~,svr_e...~•;,~~.r..-.