HomeMy WebLinkAbout0975 • 'PO HAVS AND 'I'O HO1.D tbe ssma. to~et}ae i~ tbe boec.ieob. be~editameats aad ~beaa~u~ ~ t~a Yoctsa~es„ in fee timpit.
AND tbe Matg~agor doa 6ecaby adven~nt w~ith t~o M~~e t6at i~e ic ~~dsed of ~aid 4nd fa fes sio~ls. t~t 6s tw
full ~w~vec ud lawfu. ~4t ~ um~"ry sdd land 1n fee ~impis n~faesaid; tbat It t~II bs wrful for tbe 1do~t~,a~es at a1! Uma Qa~caab~?
and quiedy to enta h~id. aad~y said 4od: tbat tai~ 4ad h free brom dl eowmbranc+is: tLst Le will maioe wah fn~t6er
a~uraooes co pcocea~ee dmple~e ~ ~aid Lod m tbe Mw~a~
oe as may re~rooabb? be reQuired: tLst M does harshp fd~? w~r~tt
tLe titls to sad land snd w[U defand tLe ~ne a~aiast tbe 4wf~1 daim~ af dl peooo~ wLoe~oerar.
PROVIDF.b. ALWAYS, tbat if tbe Matga~or t6a11 paY aoEo d~e Irlat~~ee t~s oerWu pzomMory nde af whid~ tbe ldlo~riut in
w~orda and fi~urea is a tn~e oopy. to-wit:
COMMUNITY FED~RAL SAVINGS AWD ~.OAN ASSf~CWTiON OF THE PALM BEACHES
ADJ~JSTABLE RATE MOR~GAGE NOTE
~,a,?'~ ~ 3 ~ „ss
b~L~p i~d~bMd. (a ,,.lu. naiv.d. tir und~st~»d. h.nY,dM. aolbcNv.ly aU~d 1M "'l~orra+w~r". lo~til? .nd ..M...!!p p~omN. te Vq?
1o COMlMUNITY FEDER/?l SAVINCsS MD lW1N AS90CIAT10N OF i4E PALM lEAC?1ES. o? ordc~, ~t ib oHia rt 4600 lro~dwaY. RM~n l~ach.
p°'~d's~• w'~' °~r N" h°W" i"'''°f ""r d~q"'N''t" °f FORTY FIVE THOL`SAND AND NO
~JND RBD HS----------------------------------------- oou~s a 45 000 . 00 j
tope~ ~ tnt~t thw+on aa Iw.~&wha stN~e! tn n+on+Ny kxtatMn«ds, whkl+ .n sub~cr to ad~tn~+f a h~nins~++r »r t«th, of
FOOR HUNDRED FORTY FIVE AND 63/100----------------~~ a 445.63 ~
T!» fhsr uutdun«i~ sh+n b. du. .ed p.~r.bl. on th. 1 s t d.f? of Au g u s t 8 3
sA.n t» du. .na p~y.bi. on tl» 1 s t de~+ of .d~ «,a .v..y cslN+d+. month ,lM...f+.r untn tl,. prrncrP.~ .nc imer~sr «~e
fi,~y p~id. ~rt no .vKM .h.u ti,. "Fin.~ MdwNy ar." of +hts na. b. .nt«~d.d E~ya~d th. 1 s t d~r of Au g u s t .
~ 13 , wt~n .n wm. tl~n nm.L+inp du. +co~d»? with .«rwd r+t...at .h.n rmmsd~my b.com. au. n+a Pay.W..
iN, obilpatt,n ,b,~~ 6~u int~nst fron, d,, d,t. 01 ~ of this Nw. ~t tl» of ELEVEN AND ONE/HALF
p.. c«,r c 1 1. 5 0 F•? •ry+~ r'~0~++~ ~~+«+st R++~"') w+tt1 3 0 t h d.1? of J u n e . 19 8 4. M»
N+d of tlr Inftial Loin T~rm~ 7Mntft~r ~n "'/1d~utt~d ie~st katr° shiil b~ in ~HM tor ~~ch wbs~qu~!t MreM (14) ma+th PKiod C'3ab~
- qwnt L'oan T~nn"l. iFw hoW~r sl+~ll send dorrow~r a writbn `AdJwtm~nt Notior" at I~tst thirty f~ d+Ys bu1 not r.an than fort~fiw (4'.~ d~Ys
b+forr th~ and of th~ l~iti~) Lnan Twen ar th~ ~nd ot any Subae~wnf t,ose T~rm ~xwpf th~ fbul Subaqwet loan TKm, sp~dfyfnp, amoep o~~»?
tNn~s, th~ Adjust~d InM~st Rats and aorr+spondinp Adjusf~d MoMhly Payr.a+t as nkulat~d by hokl~r h th~ m~nrnt l~ntnaft~r s~t fa-th.
Adju~tmeab tn th~ ~taast rst~ of thk Not~ shall bs bas~d on ch~np~s in tFr ~Av~ups Cost of Fvods b FSUC Insured Savkgs ~nd
l.o~n /lsaoeiatio++a-1111 .~istrids tnd~x fsxnkh~d by tfi~ Fid~t~) Hoee» l.o~n bank Bo~rd, an ay~rK.y of th~ f~d~ral pov~rnnwr+t, h~r~s+~fM
olMd th~ "Ind~x'. Th~ Mt~nst r~» for ~~ch Subs~qu~nt Low+ Tum ahall b~ th~ taripinai Int~nst Rat~ plus th~ ciwg~ in the Ind~x as me~r
~ Ilf~ ~~N ~f'~IfC~ ElfflpNfl 1~N 1110{t QRMM W~~~ ~fldf% 11 ~M Nltfi Of 1~M ~~Y{fi1Nf1~ ~~Ot ~f1d ifl~ °~M ~1If~t7I Qat~~. ~1f siM
(fldfX Ralf ifN~~ b! 1~N ~IIO~t hCl11~ iVi~~~ ~I~fX Ofl Mlf ~h O'f 1~1~ f101~. ~~1Q~afM ~fl 1~M ~1lhhft filf t~4Y~10 ff01f~ O~flIICM ~11 ~M -
' Index as a4oremM+tiorwd slwll b~ option~i with the hoidK, but shall be n+d~ unbss waMd by tFy hold~r herwF in writinpt how~+?. +~Y
nwhirg d~asasn in th~ irM~nst rate shall b~ mandatory so a to eff~ct • r~duction b th~ RwrMMY P~Y~^~ n4uind durirr,± • SubMquaet
~ r..~. 1M Aeljuslsd Monthly Pay~nf 6~ ~fhet fa suh SubM4uent lo~n TKm ~.n b. m+ ,Rww+. w~oer~.
' balano~ ~t tl» end of rlr curent twn 7~nn (atawnirg au p~ynNnb ar~ mad~ on w l»fon tMM du~ dat~ uniil ths ~+d of ths axront Lo.n
Tum) in ~9u+1 monthly 6utallm~nts over tM r~m~tnkg t~rm of fNs Note fran ths ~nd of th~ currN+f laan T~nn to the Rnal All~twity DaN ~t
• th~ interest r~te for said SuMpwnt Lo~n TKm as I~er~ieubow dlwl~t~d. In th~ wrnt s~id "[nd~~' b subpwntly not publitMd a m~ avail-
abl~ the holder Mnof may substitvh arry otlwr kdax p~ndte~d bY tM' F~d~ral Horne loan 6e+k Boud or ih svco~stor.
IntKSat for t~eh ubrdar momh shdl b~ aan~d on tiw fht day of said month acd b~ ooenp~M+d on tir u~a~d b~tann of prk~dpal
and imer~st sxi~tinp oa tM last day of th~ pnoedirg montl+. Thh NoN shalf t» aonsid~nd h d~fauh wMn ~nI? WYm~^t nquind to b~ m~
hsn~x~dsr sh~ll not h~w bNn m~ by its dw dau ~nd slyll ~in in d~f~rir until said psyre~+t shall h~w b~+ mad~. Whii~ in d~fwh,
thit Noti slwll b~ar iM~nst ~t th~ nt~ of tlrM pKa~nt Ci~fi) P~r amun tn ~:a~ of tlw rsh h~r~inabnw sp~cifi~d. and lwldK durhg d~fwlr
may at Hs op~lion r~fu~ io acapt p~v~rw+t of anp swn IMS than t!r total unovnt tMn dw or dalarrd hK+urKMr f~t i~ du~.
All makws and endonen now or lisnaftor baanino prtl~s Mna Eofmly «,d sw~ralty wsiw d~mand, notioe of rwrrpaymMt «d pro-
~ »ct, u~d pn~ tlwt in th~ ~v~nt of d~favit In th~ p~yrr»rK of any hrtail mtm due MrwndK for • p~riod of ~hkty C~1 dm tfr whab of said
ind.badnes. shal~ tiw.upon .r d,. opNon of d» hofda b.oom. h!nMd:.nly du. .na p~y.bl~i .nd. If thi. No~. b~oom.. i~ d.f.ult .na M pl.ad
~ in tM hands of an attwn~y fa aoii~cffa+, b pay nasoMb:~ +tbrnh/s ha ~nd all o~h~r oosts induainp oosts and ~tiarneY+ f~es of ~PP~~
oourt proa~ fot rmkirg wd~ ediWion.
THs No1~ mr/ b~ pnpaid in wMi~ or in pw~t d r?Y t&n~ witl~o:R p~naley: haw~va, sil prspnreeNnts ~h+ll be appiMd 1o t!r nduction of
P~~WI b.lana~. Fartia! pnpayer»nts sh~ll rwt d~lay a drt~ th~ du~ d~t~s of +eY ~~Y WY+~+f+ unlas ths hoWa ~prsa in wrhM+p to
tk~e dtlays and sh+il furth~rmo~ only ~ff~ct t!r amo~xK of svooMdlnO monthh? kutsllm~nts b~com4g du~ aft~r th~ ~nd of th~ ti~ Cwtint
Losn Tam.
I?r?y ratica to sorrow~r provid~d for tn thk Noh ~Full b~ yiwn by mailinp wcfi notks ~ddnswd to Sonowv ~t t!r addrra of fhe
~+D~ ProPK~ ~~^D thM Notr a to sueh atha addnss as 6arowK nw~r d~af~++N bY ~ithe+ rtwia ta th~ holda hsr~af. an~r I
° naic~ to th~ ho1dK ot ti~h No~e sha!I b~ piwn by rrwilMy wd+ notta to t!~ Mld~r ~t tFr addr~ sM~d in th~ Wst P+~+Dr+P~ o~ 1hi~ NaN
or at wd+ addnu a nvqr b~ d~aipnw~d b~r wrM~n nofb b 6orrvwK. .
w~
The ind~dnw wid~nad b~r tMs No1~ k»a~+d b~+ a enortqaq~ of r~ dal~ ~~A~d N fwor of Caartwntfp F~~I Sa?inps srK! LoMe
14wciation of th~ Pakn B~acMs aK! a d~fsuh undK said morp+g~ slwll oonttitut~ • d~wN Fr~Mx+dK.
$ ~~~--~.-na'ai
=i-& t~11,? _ t3~?U
HENRY R. LAZINSRI
S/EDNA T. LAZINSRI ~ • ~
` EDNA T. LAZIhSRI
~
and ahall Promptl~ perform. camPlY wit6, and abide bY each and eve ry ihe ~tions. agro~b. eooditioas, and oarvenants af said prom-
issory note and of tbu deed. theu the estate hereby crtatad i6all oease aad null and wld. ~ P~
AND the Mortg~gor does hereby oo~~enant and agrx: gQ(~ _
1. To pay all and sirgular t6e principal a~ intecest and other a,ms o# moneY PaYabk by vutue of asid prom3~orY note ard thi: mat-
C~B~ or either, promPdY ~ the days respective~Y, the aame stvenIly come dne.
2. To pay aII aad sins~u~ar the tazes, assessments, kvies, liabilitia. obligations and eacumbranoES of evetY nature an ~tid de~cribbd P~P-
s
erty each and every when due and payabk aooocding to law, befora~, beco~e delin9ueat, ~nd if the saoma shalt not be pramptly Daid
tbe Martga6ee may at any time either before or after ddin9~9 Dpy tbe wme v?tthart waiving or af~ecting the aptioa to forecjote, a
; any right bereunder, and every QaYment so made shaD bear iubcrat fram t:fo dabe thereaf at d~e nt+e provided in Wd promis~ory note•
3. To keep tbe buildings and sIle
qnipment and per~anal p ~ ~w o~ Lereaf`.er on said pmeoai~a. ecve~ed t~ mo~tga8e, ~ared
ia a sum at 1e~st equal w tl~e um~
aid balance ~ this mar'.gaSe. ~~1n3ing fire flad, estmr3ed o~ov~aage ~?andali~. mnlidous miicbk+f. aad
a~ osher ooverage required bY thz mort8a8a. as W DroPertia other thau dvrel~inp~ and fL-e, flood. ~ed ~ov~a~e, spedsl-farm o~er-De~L