The URL can be used to link to this page

Home My WebLink About1330TO HAYE AND TO HOLD tLe suos. togetibc w~itb tbe teneiumb. 6aeditamenb aod appartaoanca, onto tbe Mo~tB+~it~, in [ee ampb. AIv'D tbe 1-latga~or dces hereby ooveaant wlth the Mort~oe that be b indefeasih ~elned d aid land to fee dmp{s. that 6s 6a~ fuU power and 4wfu! ri~ht to convey saId land in [ee aimpk as dorauld: that it ~ll be~wful Ea tbe~111o~tyCaKr.e N aU tiuiasp~a ~abl~- and quiedy to enta upo~ bold, oeeup~ aad eajo~ :a~id laod; that aid lanct h free frwu ap incu~nb~anees; tlwl he wi0 iuake sucb lu~tber ossutar~cea to protect We Eee simple tiUe to said ltad in the INo~~t~ ee at a~ re.+asaybly'be royuired; t4at be doas hereby tully warnot tLs tide to aid land and wiU defend t6e w~ne sgainit ehe lawful claim~ d~ penar wboiu~oever. PROViDED. ALWAYS. t6at if tbs Modga~or dWl pqr uaW the )dorqp~es tLe oataio p~omiaoq- aots d whlcL tbs fo~lowln= lo wro~ ~nd (igura b a Lros c~oQ~r, ~o-w!!: . COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCUTION OF THE PALM BEACHES ~~~E ~~ RIVIERA BEACH. FLORIDA Feb~ 3 19R1~ Being indebted, for vslue necet.~ed, the undersiened ioindr ux1 sevenl~r Promjse co pay co Co1G1f~i~f'~iY ~`IDEML S7-V- INCS AND LOAN ASSOQATION OF THE PALM BEACHES at ib offioe in tha City af Riviera Beac6, Floridsy or order, the tum ~ ONE THOUSAND SIGHT tfUNDRED AND NO HUNDREDTHS-------------- ~~~ ~= 1,800.00 ) together witL intereat tbereon as hereinafter mtod io monthly installments of $i9hty Ei91~~ and 35/100---------------------------------------------------- ~ 88.35 ). The first instaDment ~all be due aod payabk o~ the day of 19 g ud subsequwt iastallmmts sbal! be due and payabk on tlhe~th 20th day a~ach and every cakndar montL theraitei until tbe principal and interest are fully paid. Larger s~ms may be psid at time, but t6ep ymeat of ury snch larycer mrns in additioa to t6e payments herein rc- qnired s6all not relieve the makers of~ payment oE t6e moatLly ia~talLnents herein provided for, unkss it is speci(ically atipu- lated by the makers at the Hme ofpa yment thxt such lar~er sums are to be applied to the advance payment of d~e monthly install- ments n~t maturing In thc order of their doe dates. All payments made opon this uote shall be applied Iirat to tLe payment of acrtued interest aad seco~ly upon the princ+pal. Tbis obliRation shall besr interest from dato at the rate of Sixteen and one~uaz te~r cent ( 16.25 ~~ per annum until the principal and interett are fully paid. Intcrest for each caleodar month shall be socrued oo the first day of said moath and be computed on the u~aid balaaoe ~ of principal and interest cxisting on the last day of tl~e preceding month. This note s1wD be coasidered in de(ault when anY PaY• ment rcx~uired to be made 1-sreunder shall not have been made by its due date a~xi shall remain in default ~mW said payment ahaU have beEA made. Whik in default, tLis note shaD bear intemst at the rate of giyhteen----------------- P~ a°~ ( 18 96 ) Pe* annum in lleu of the rate hereinbeforo specified and holder d~uing default may at its option reiusa w aooept payu~ent of any sum less than ihe total aawunt then due or tieclared 6ereunder to be due. Ail makers and endorsers now or here~fter ~ partks hereto i~dY aad severally wa;v~e demaod, notioe of non- psynneat and protest, and agree that in tlie event of defa t in thepa ymcTt of any installmeot due 6ereuader for a period of ~h~rty (30) days ehe whole of :aid indebcedness shaD the~evpon at the option of the holder, become immediately due and i~Y- able, and if this noce beoomes in defaalt and is plaoed in the 6ands of an attorney Eor ooUectioo, to pay reasonable attorney's fees and all other cosb Includ;ng oosts and ~ttorneys fees o~ Appellate Court Prooeedings for maldng wch collertion. Thts note may be prepaid in whok or in put at any time witho~t penalty. S/Randy D. Deaton Randy D. Deaton ----(SEAL) S/D~ebra Lynn D~eaton ~SSAL) ---------- ~ ' - (SEAL) Debra Lynn Deaton ---------------------- ------ (This note ic sen~rcd by a mortgage of ev~m dste esecoted by t6e makers in hvor of Community Federal Savlo~ and Loen Ann. of tLe Palm Bacbes ) and s6all promptly perform. oomP1Y with, and abide by each and every the ~ti~os. ag~ermwts, oonditio~, and ooveaants o[ said pran- issory note and of this deed, then the estate 6erelry ca~eated s6aU oease and auII and vo~. AND tLe Martgagar does Lereby oaveaoant and agree: l. To pay aU and singuLr the principal and interest and other sama af mooef' PaYable by virtue oE sa~d pranissory note and this mort- BeBe. or either, P~P~Y on t~ c1aYs tesPect~velY, tbe same sevrrally oome due. 2. To pay aD and siugular t~ t~es, a~xsments, levks llabilitles. obligations and encumbrsnoes of evecy nature on snid described prap- crcy esch and every when due and payable acoording to ~aw, before t6ep become delinquent, aod if tbe same sl~all not be P~PilY P~d the MortgaAee may at any time either before or after delinquency pay tbe same without waiving or affecting the option to forecloac or any right hereunder. and every payment_so made shall bear intcrest ~om the date thereof at the rate provided in said ' P~~Y note. 3. To keep the buildings and alle quipment 4od periooal property naw or hereaRer m s~id preuiises, covered b~' this rptntSaSe. irrn~red in a sum at Icast equal to the unpaid balance of this mortgage. indudiog fire llood. t:teoded coverage vandalism, malicious mixhief. and any other rnvcragerc~ uimd by t}sr mortgagee, as to properties other thaa dw~el~in~s, and fire. fbod, ateo~ed coverage, special-form other-penls insurance. and any other coverage requirr~d by the mortagee. on dwellin~ el~bb for such broAdencd coverage- provlded, however. that such insurance be in aa amount sufficient to com~~y wit1~ any oo-i~uranoe requirements ooverinR sa~e onder the laws of the State of F'brida, and provided further that the poliey or policies shall be written in a compaoy or oompanies and through an aRency satis{actory to the titort- qagee and that said policy or policies shall be he{d by the 1ltortgagee and shaD beu a standard New Yorlc Mortgagee Clause without c~t~bu- tioa, maliig the loss under said policies payable to tLe Mo~rtgagoe as jts interest may aPPar, and in the evmt any sum of becomes payable under any such policy or policies, the Mortgagc~e slwll have tLe option to reoeive and apply the same on aocamt of tbe~ebtedaas hereby secuml. or to pennit the MortQ~gor to reoeive and nse ft, a a~ part tbereof, for other u inR any equity, 1ien. or rip,ht under and by virtue of this mortSage. and ia the event tbe M P~' witbout tliereby waLving or impair- ortBaKo* doea not oomPly w+ith t51s covenant, t6e Riortgaqee may Place and paY for such iasuranoe. or any pert t!-ereof, withovt walving or dt the optioo to (ireclose, or aoy dR6t 6ere-, uncler, and the fuU amount of each and evrry such payment shap be iu~mediately due ~~~k, and shall b~ar 1nte~est from tbe date thereof untll paid at the default rate provided in said note and togethtr with such intcrest be secared 6q tbe lieo d this~ort~ ge. Iatnr- eu~ce cavenn tbe peril of flood damage shall be as req~dred by tbe Federd Dlt~ter Pmtection Aet af 1ff/3~, or ~t amended, and mo~t,ga~or oo~veoanb ~ sgrees w oomply In all respec.~ts witb tbe provisiorn tbeeeof. • 4. T6at mortgagee may, at a~ time dnring tbe awrtgnge term, ~ad ia its dbrnetioo, ~pply for reaewd of cove~ing the mort aqe r~ecuted by the ~mdersigned on even date 6erevvit6.p~- tbe premium due by reasoo tb~ ~*ep~ymeat by the tu~de~si~ ef nich am~nrots as are advanceci by said mrntqaeee. In tbe eveut of failure by th' unckrsiKnerl to re~ay cai~i anx~unts ro said mort8a8ee. such failure shaD be oonstdered a dda~ilt, and dt pruv~ioos of tLe nooe and mozigagie with ~rd b defauk shall be appli-. cable. 5. To permit, caoamit or soffer no w~aste. .im~airmeot or debe~io~tion of saidprop~t~ . or ~aY P~rt ibe*eof. a~ apon tbe failure of the mortgaRor to keep tbe buildinpp~ oo aId property m giood oooditioo of rep~ir t6e Matga m~r deno~nd t6e immediate re~ir of said bu31d- inKs. or ao increase fn the amount af security, ar tM im~nediate ym eat of tbe debt ba~i ~ecured and tbe hihm of tbe Mortgagor to com- ply w~ith ssid demand of the Mortqagee for a period of thirtY (30~dap+. s6a11 oomtlmte ~ breach ol tWs nwrtga~e and. at tbe option af the MortgaRce, immediately matnre tbe eotire amwat of prindpal and inte~ast be+eM se~wed. ~nd immediatd~r ~nd wit~ont ootioe. the Matgagee maY ln~itute prooeeding~ to foreclwe thb moitga~e aod ~pp~- for tLe appoiatmeaR of a Reoeiv~er. n 6e~elo~fter pravWed. s , g~K348 p~~El3.3p ~ ~ .. - ---------- -.- -- ---- -- - --- ~ ~ ~ : _. - - - .~~ ~~-~.~;~~-~~~.~;~_<~_ . ~~ ~. ~. .