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TO HAVE AND TO HOLO the sar~ae, together with the tenements, hereditaments and appurtenances, unto th~
Mortgagae, in fee simple. ~
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ANp the Morlgago~ docs hereby ccvenbnt with the Mortgagee that he is tndefeasibly seized of said lend in fee simple, ~
that he has full power artd lawfu) right fo convey said land in fea simple as aforesaid; ihat i1 shall be lawfvl for the '
Mortgagee at ail times peaceably and quietly to enter upon, hold, occupy and enioy said I~nd; that said land _is f~ee ~
a!! 3rzumb~~rrss; that hc =vl!! ma~a sv=h furth~s aasu~~n:es t~ ~r~tc~t th~ fs~ simple title to :aid land in the
Mortgagee as mAy raasonabiy be rcquired; that t~e does ha~eby fuily warrant the titia to said land and will defend thQ ~
sa~ne against the lawtul claims of ail pe~sons whomsoever.
PROVIDED, ALWAYS, that if tha Mortgago! shall pay unto the Mortgagee the certain ~ramis3ory note of which the
foliowing in words and figures ia a irue copy, io-wit: ~ -
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- COMMUNIYY FEDERAL SAYINGS AND It~AN ASSO~IATiCN OF RIYIERA dEACN
_ _ ~IIX#~M~P ~D~~ ~
~ RIVIERA BEACH, fLGRIDA June 6~ 19 7'rJ ~
' deky indsbttd, for vdue received, ths undsrsiyn~d 'pintiy snd uver~ity promist fo p~y to CONUVIUN{TY fEOERAI S4VING5 AND ~
LOAN ASSOCIATiON Of RIVIERA BEACH ~t i~e offtu in rhe City of RiviHa 8e~ch, fiortda, or order, tM swn af THIRTY THOUSAN '
AND NO HUNDREDTH5------------------------..--------..-oou~r.c ts 30, 000. 00 ~ . ~
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roysthK w~th tnterat t1,~reon ss t+sr~inafra it~ted tn monthly init~llrtwMs of TW~ HUNDRED FIFTY ONE and ~
. 7 6~~. 0~~»-^----oauRS ts 2 51. 76 -The firs t tn:t~!Iment rMU . b~ due ~nd p~y~bl* on the tentjl #
- d+r of July ~s?5 ~nd •ubsequent Installrrkntt shsll,be dw'snd p~y+bl~ on +tk ~enth~
d~y of each and every ukndar month tF+ersafttr ~ntil tht principal ~nd interat ar~jfutl~r paid.._ , .
lerger •ums m~r bt paid at any tirtK, b~t Ihs payment of any iych tarQ~r~ syms tn addition to fh~ payments herei~ reqvired ~hall
not reli~ve the mak~rs of tht payment of the monthly instaliments hereie provided for, unku it is sp~ciftcaily stipul~t~d by the makrrs st :he
~ eime of p~yment that such I~ryer sums are to be applied to tht advance psyment of the monthly instaltrtieM} nsxt maturiny in t1+~ orda of
their d~e dates. All payments made vpon this note shall be applied fint to th~ p~ynxnt of ~vutd intrrsst and tecot~diy vpon ths princip~l.
This obliQation shall bear tnterest from date at rh. ..r. of ~~e wt c~ 9, Q ~
per annum vntil the principal snd interest an fully paid• ~
, Interest Fo~ each calendar marsth shall be acuued on the fint day of said month and be compvtcd on the unpaid balance of principel '
and interest existing on the.last ddy of-tFx preceding menth. This note shall be mnsidered in default when any payment rrq~ired to ba made t
hereunder sfiall not have bKn made by its d~e dete"and shal! remain in default ~ntii said payme~t shall have been made. While in default, ~
. this note shall bear interes! at tha rate of 109`o per annum-In litu af the rafe hereinbefore speci~itd. . t
_ All makers and endorsers noW or heres'fter Ixcoming parties hereto jointly and severally waive uemand, notice of non-paymenf and
protesr, and agree thal in the event flf default in the payment of any instailment due he~evnder for a period of th'uty (30) days the wtwle of
said indebtedness shall thereupon at the option of the holder, become immediately due and payable, and if this note becomes in default and
is placed in the hands of an attomey for colledion, to pay reasonable aStaney's fees and all other costs indvding costs and attorneys fees Of
Appellate ~o~rt Ptxeedinys for making such collection. -
This rwTe may be prepaid in whok or in pa?t at a~.y time without penalty. :
- - - - : ~ L~.1__Orville R. Parks _~.__:._~~__cs~?U €
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- ~_~_.._---;---____~_._._-----__._~_(SEAU
~ (Th+s no~e a secvr~d by • mortpa9~ of even d~te exscvted by the m~k~trs ir. fawr of Communiry Federsl Siving"s and laan /?ssn, of Riviera Bvach)
- and shalt prAmptly perform, comply with, and abide by each and every the stipulat+ons, _agreements, conditions, and ~
~ covenants of said promissory note and of this deed, then the estate hereb~+ created shall cease and be null and void. ~ ~
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AND ihe Mor~gagar does hereby covenant and agree: - ~
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~ t. To par afl and •in4ul~r the pri~cip~l ~nd intereat ~nd otl~er surru of mo++~Y paYible by vutu~ eF uid prort:issory note and this matqsQ~, or •ithcr, promptty . ~
i o~ tM d+rs .~swc+ivey, t!~ wnr sw~raltr com~ dw. -
2- To pay all snd si~~u ihe ~a:es, sssessmen~s, lev~es, i+ab~l~iies, obfgations and iruumbar~ces of ~very oatvre on sa~a oescnbed properry exh and every ~
whert due snd paya~le accad~nq -to law, betwe ~hey becomc= delinqoen~, ~nd +f rhe same sball nof DC p~Omptly pa~d the Mor~g~gee msy at sny t~me either btfae ~
or a(ter delinqvrncy pay the ssme wieF,~t w~ivinq or affec~~ng the oprirn to (ereclose, or any r=q~t hrreander tnd every payrrent so made shall ~ar ~ntercs~ from ~
rhr dare chercot at ihe rare prov~drd in sa~d promisswy ~ote. _
' 3. To keep the buildings and afl equipment and persorai property now or hereafter on said eremises, covered by this matyage, Iasured in i sum st least
tqu~l to the unpaid bslance of this mortgage, irciuding lire, ftood, eatended caverage; vandalism, mslic7ous mischief, and any o:her coverage reqvEred bv the
mottg~gte,- es to propertia other~ than dwellings, and fire, flood, ex!ended covcrage, specia!-form other-perits ~nsurance, and any other coverage reyuired by -
: the mortzagee, on dweflings eligibte for such broadened coveraqe - provided, however, thaf svch ins~rance be in an ame~nt s~fficient to comply wlth any co-
insuranc~ reavirtmsnts cove:ir.g same under the Isws of the Stste of flu%e~a,.and pravided fw:her that the poliq w pol~cita ihall be wr;tts~ in a company or
: companim and throu~h an sgency satiifsctwy to the Ma~tqayee a;~d fhat ~aid policy or polic~es shall be he~d by ehe Mortgagee and sha11 6ear s slandard New. -
_ York Nbrtgagee Clause withwt contribution, makiny the Ioss ~nder sa~d poUties pay~ble to the Ai.rxtQapee as its inttrest may sppear; and in the eve~t any selm
_ af money becomes pnyable under any :uch policy or pofKies, the Hlorlg~yee shall have the option to reteive and appty the same on sccovnt o' the iodebtednea '
hereby iecured, w ro ptrmi! the INortgagcr to receive and uu if, or any part thereof, for o~'+er purposes, wirhout Mxreby waivinq or impairing any eqvity, lien,
' or right under and by v:rtue of this mortya8e; and in tt~e erent the Nbttysqor does not compty wirh this covenaro, the l4Lortgayee may place ~nd pay iar such -
~ - inswance, or any parl thereof, witFovt waiving_ or atfcrtiny the option to foreclose, or any riyht hercur.der, and the fu11 amovnt of eacb and eve:y svch pay
~ shall b~ immedistely d~e and p~ysble, and sha!1 bear interest from the dare tfiereof ~nt~l paid at the de~avlt rate provided in said note md toqethe~ w~th =
interest :hall be secured by t}ri lien of this mortqaye. Insvrance cwcring the perii of flood damage shall lx at required by the federal U~sastcr Protection
of 1973, or ss amended, and morigsyw covenants md ayrees ro compty in aU respects "with tfie provisions tnareof.
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4. The: mortgagee may, at any time d~~~7ng the mort@age ferm, and in iti diurcfion, apply far ~enewal of rtwrtflege guarenry insurance covning the ~
mortgage executed by the undersig~ed on even date herewith, pay the prrmiums due by resson thereof, and req~rire repayment by ~he unde:si~ed of such
_ amo~nts as are advanceo by said rtwrtgagee. In the eveN of failure by the undersigned to repey said smouots to uid mott9ayee, svch failwe s~+~ll be co~
: ~ sidaed a default, and all provis~ons of the note and mortgsge with reyard fo defautt shall be appGcable. ~y
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S. To i+ermir, comm~! a wff~r no wut~, imp~irm~m w d~teriorr?'an''o} asid pr~p~rty, o~ ~ny p~n tl+erouf, snd ypon sfi~s f~Rwe of tM enwtppa to k~p theyc
bvild~r.ys on taid proprrtp in yood condition of r~pair, tM N4o~ty~pN msy d~rtwnd tM i.~mediat~ ~epsir of s~id bvil~ngs, or an increyt i~ th~ ampunt of ~etu~ity.~?0
- tM iero+~d'i~h tp~ym~nt oi tM debf hertbp s~cw~d a~nd tM f~ilur~ of tM Nbrt9apw ro cornFly with aid d~ensnd of fM Ahafya9e~e fo~ a paiod of ihirty ~11eo
d~y~, sMll eonstitvt~ a Fxsxfi oi tht• n+ortq~p~. +nd. ~t th~ o~tion ot tM IMortyagee, imre»da+ely rn~tur~ tf» ~ntin ~rnoimt -of prineip~l sed infsrwt h~ii~b~l
- ~ we~.~, -snd iw~wwd~aMy ~ wiAw~n nw:w. +i+~ Mertp.y.• er~r f,.sf:w» pr«~ed~n9a ro fa.~cfc~ rh;s rn«tp.y. ~.~d ~qpt~ fw rM appoinfm~nt d• R~Cwv~r. a
_ An~in+lMr p~evid~d• ~ . _
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