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Home My WebLink About1818 ~ TO HAVE ANb TO HOLD the same, togethe~ with the tenemeMs, hered~iaments ~~dd appurt~nances, un!o the Mortgac~~e, in fee simple. - ~ ANn the Mortgago~ does hereby covenant with the Mortgagee ihat he is i~defeasibly seized of said land in fee simpfe, a that he has full power and lewful right to convey ~aic~ land in fee simple as aforesaid; that it sliall be lawful for the Mortgagee at a~l times peaceably and quietly to enter upon, hold, eccupy and enjoy ~aid land; that said land is f~ee from all incumbrances; ihat he will make such further assurances to p~otect the fee simple title to said land in the , Mortgagce as may reasonably be required; that he does hereby fully warrant the title to said land and witl defend t~~e ~ same against ihe lawful claims af ail persons whc~msoever. ~ i - , " T PROVIDED, ALWAYS, that if tha Morlgagor shall pay unto the Mortgagee the certain promissory note of which the following in words and figures is a t~ue copy, to-wit: _ ' COMMUNITY. FEDERAI SA1dING5 AND LAAN ASSOCIATION OF RIbI~RA BE11CH _ ~ ~ ~~X~~tt~E ~Tri~~ . _ . . ' RIVIERA BEACH, FIORIDA May 15, 1975 _ Beinp indebted, fe: value received, the ~na'crsigned 'pi~?ly snd severally promise to p+y to COMMUNITY fEOERAI SAVINGS AND ~ IOAN ASSOCIATION Of RIVIERA BEACH at its offlce in the City of Riviero Beach, florida, or order, the wm of TWENTY FIVE THOUSAND SIX HUNDRED AND NO HUNDREDTH5-----------~~s cs25, 600, 00 ~ toyether with interest thereon ai hercFn~4ter stated tn monthly ~~:r,nR~.~n of TWO HUNDItED FOURTEEIV ancl - $4~ j Q Q•• „ DQLLARS (i i j t~. $r} The fin t tnstsllment sh~tl b~ due and payable on r~+~ tenth _ _ - - d~y oE November ~975 a~d svbsequent inst~llments sh~ll be dve and payabk on ~ tenth - dsy of each and every calender month 1}xreafter uMil the principal a~d intertst ars fully paid. ~ • . _ - larger s~ms may be paid at any time, but the payment of any svch larger cums in addition to th~ payments herein req~ired ~hall rwt relieve the makers of tlee payment of the mon~hly installments herein provided for, unless tt is speci(ically stipulated by the mrkers at the ; time of payment that such lar9rr sums are to be applied to the advance payment of the monthly installmint= next maturing in the ader of - _ ' fhei~ due dares. All payments made ~pon th~s note shall be ipplied first to the payment of ~ccrued interesl and secondly vpon the principsl. { f _ - . # Th~s obGg~tion shell bear interest from date at the tate of n~g - per pn} ( C~. ~ X) " per anoum unti! the principa) and interat are fully paid. - ; - ~ - Interest for each calendar month shall be accrued on the finl day of said mor.th and be compvted on the vnpnid balance of principal and interest ex~sting on the last day of the preceding menth. This note shall E+e considered in default when any payment required to be made he:eunder shall not have been made by its dve date and sha!1 remain in default until said payment shall have been made. While in default, ~ ~ ~ this note shall bear interest af the rate of 10% per annum in lieu of the rate hereinbefose speciiied. _ y ~ All makers and endorse~s now or hereafter becoming parties hereto jointly and severolly waive demand, notite of non-payment and ~ protest, and agree that in the event of default in the payment of any installment due hereunder for a period of thirty (30) days the whole of ~ ~ said indebtedness shall thereupon at .lhe option of the holder, beiome imrr,ediafely due and payable, and if this rtote becomes in default and ~ is placed in the hands of an attorney for collection, to pay reasonable altamey's fees and ell other costs induding costs and attorneyz fees of ~ Appallate Court Proceedinys for making such colledion. ' - ~ This nete may be prepaid tn whole or in part at any time without penalty. EVERCxL.A.DES COR~ORATIO ~ - - ' ' < ~s Gl enn P. Ander s on (SEAL ) -/-~-I..-. F':___An~d~r s o,.~, Pr ~ s~d~~_~~~~ ~ / s/ Ol a' Atider son (SFjAL) ~ js L.Atbert J_ Wehrman,~ Secrei:ar~_~~,u ~ - /s/ Atbert J. Wehrma~ (SEAL) ~ • - - ~ ' ` / ~etty J. Wehtman . (SEA,Is) : =-------_--------------•----------------~+u ' - - ~ € _ - - - _ ~ i - ~SEAU ~ (This rwte es secvred by a mori9~ge of even dste executed by the makers in irvor of Community federol Savings and toan Assn. of Riviera Beach) :i 7 ~ - - - ~ and shalf promptly perform, comQly with, and abide by each and every the stipulat~ons, agreements, conditions, and y c~~~•~nants of saic~ promissory note and of this deed, then the estate her~by cr~ated shall cease and be null and void. ~ - AND the Morcgagor does hereby covenant and agTee: . T. Io pay al1 ard s"viqul~r tM D~ir~cipal and interest and othcr s~~ms oi money payable by virtve of seid promis:ory note and this mortgeqe, a eitht:, p~ompliy - or+ tM day~ respect~vety, th~ :=.:z sevcrally come due. ; ' _ ~ 2. To pay ~II and sinqular ~Fe taaei, assessmcn~~, lev~es, f~ab~l~~~es, obl~ganons snd ~r,cvmbrances of ~very nar~re on sa~o aescr~~d propert~ exh a~d every ~ wFen due and paya~Ie accor3~ng ~o law, be(ore ihty bccome del~nqven~, a~d if ~he sa~r.e aha~l not be promptly pa~d ~he 1lbrtgagee may at any t~me e~ther be(~.~ ~ ~ atter dtlvnq_ency pay ~h~ samr w~~Aout wsiv~rg o. alfect~r.q the opt~on ro(ore[lose, or s~y r~ght htreunder, and every p3yT.l~11 so mnde shall bta~ ~nterest f~om ~~c da+e ~hc~eof ai the .ate prov~dcd m said prom~ssory no+e. . 3. To keep tht bvildings and all eqvipment nnd _pusonal prope~ty now o~ hereafrer on iaFd premises, covered by ~hts mor~gage, insvred in a som at least ; tqval to the unpaed balartce of tFLs mottgage, incivding fire, flood, c,~tended coverage, vandalism, malicioys mischief, ano any o!her co,,erage rrq~ired by tFe ; mortgaqee,_ as ro pr~perties other- than dweilings, ar.d firq floo~, e:tended coverage, special-form other-ptrils insurance, and any other coverage rea~ired by ~ the mortgagee, pn dweilings eligibic for s•xh broadened coverage - provided, however, that si,ch insorance be in an am~,nt suff~c;ent to cempfy vrith any co- inscnnce rtqvirements covering same undcr the lav~-s af the State of Flwida, arid prov;c;ed further that the policy or policies sha11 be written in a company or ~ : companies and tFxongh an agency sarlsfxtory to the /N.ortgagee and that :ald pot~fy or pofiries ihall be hefd by ~he Mo~tgagce and shall bear a standard. New York /Aonqagee Clavse wethout contribvt~on, making the loas rnder sa~d pol~c~es payable to rhe l.;ortgagee as its inrerest may appear, and ]n the event any svm ~ oF money bec~mes payacle under any such policy or poficies, the /Ao.tgageE shall have tF.e oprion to receive and apply the same on acco~nt o( rhe indeb!edness ~ ~ heroby sKUred, a to pe~mit the hlorlgagor to receive and vse it, or any part ihereof, fw otfier purposes, w~tFouf tF.ereby waivinq or impairing any equity, lien, - -~~'e ~rr~ or right under a~d by v~rtue of this mortqage; and in tAe evenf ttie Morh~aQor does net comply wlth this covenant, ~he N.ortgagee may plnce and pay iw such s rY1 ~nsurante, or any part tF.ereof, withaJt waiving or affecting ihe option fo forecloie, or any rigF.1 nereunder, and the full amovnt of each and every such payment ~ shatl be imme~iate! dve and ~ ~ y payabte, and ilull bear interest from the date thereof until pa~d at the dcfau t rare provided in said nots and tcgs!her with svth ~ ' ~ in~erat-shall bo secvTed by tF.e lim of this morigaga Insvrance covtring the peril of flood damage slull be as reqvired by the Fedtral Disaster Protection Act of 1973, or as amended, and m.ortgagor covena~ts and agrees to compty in a0 respect: with the provisiw~s thereof: ; ~ - - _ . - 4. That morigacee m3y, at any rime during tFe rnorlyage te~m, and in ils discretion, apply (or renewal of mortgage g~aranty inwrance coverinq the M mcrtg;ge eaecuted by tne ~ndersigned on ev~ry dats herewith; pny the premiums dve by reason thereo;, and reqvtre rrp~yment by the ucde:signed of sttih ~ ~'A ~ amo::nts as are advanced ty said r:ortgagte. • In rhe eveat of failvre by the vndenigned ro repay said amo~nh to said morTya9ee, :uch faifv~e shall be con- ti - s~dered ~ default~ ar.d a!! provisiflr:s of the ro!e and mortgage with regard to defau(t shall be applicab!a - ~ Gt~ . ' . ~ S. To perrr.it, comm~r o~ ivffr~ na w~it~, imp~irrr.enr w d~tirioratio~ of said property, w+mr psrt thercof, and vpe.~ th~ /a~lvre of N» mortya~ to k~ep ~h~ b~i{drr9a on sa~d proMrty in pood cond~tion of rep~ir, th~ M«tya9es rrwr derrwnd tM-imrnedi~te revair of said bv.'Id~nqa, or an increas~ in M» ~nwunt of secwity, a ~ tM imm~dis» rep~ynKnt oi rM debt hereby ~earrad s~d th~ f~~Iw• of N» 1Nort9~pw to comply w;th ss~d demand oi fM Nbnpa9ee for • pKiod of th;rey (30) - ' daYS, shall coniotvq a F.re~ch of Mis mortpa~, u+d, st t?~ option of rM Mwty~yee, immediatsiy matvre tM entin smoem~ of princip~l ~nd i~t~rost her~bp t~cure~l, and iin~,e~iah ~nd withovt nosic~, th~ Mort F ~ W9» may irnlitvh procMdinQ~ to fw~clos~ ~h~s morfgsq~ and spply fo. MH M?«~,~..+..,~ .t • p...:~«, Mt~irwfter ptoti;dtd. - _ >