HomeMy WebLinkAbout1644 ' ~
- ~
t
~
t
TO HAVE AND TO HOlO ihe same, fogether with thQ tenements, hered?taments and appurtenances, unta the
€
Mortgagee~ in fee simple. i
{
t~~F. AND th8 flAortgagor do$s hereby covennnt with ihe Martgagee that he is indefeasibly seized of said land in fee sirnple,
that he has fuN power and I~wful rtght io convey said land in fee simple as aforesald; that it shali be lawful fof ihe
. Morigagee at all times peaceably ~nd quiatly to en~er upon, hold, occupy and enjoy said land; that seid land is free
from aN incumbrances; that he w+N make such further assurances to profect the fee simple title to satd land in the
Mortgagce as may reasonabty be rayvired; rhat he daes hereby. fuliy warrant the title to ssid land and will defend the
same against the (awfut claims of all persons whomsoeve~.
PROVIDED, ALWAYS, that if the Mortg~gor shall pay unto the Mortgagee the certain promissory nate of tvhith the
r S . ~
~ following ~n words and fi~ures u s true copy, tawit: - - ~ ~
~
FOMMUNtTY FEDERAt SAVINGS AiND ~OAN ~1SSQCIATION 4F RlYtERA sEACH ~
, ~ ~ltX~~~~$ ~LZ#~
~ . . RIVIERA BEACH, ftWttDA M8~/ ZZ 19 ~5
Beiny indebted, for v~lue received, tfie vndsrsi9ntd 'pintly and severally promite to psy fo COMMUNITY fEDERAt SAYING$ ANp i
IOAN ASSQGtAT10N OF RIVtERA BEACH •r irs off~u in the C~ty of Riv;er~ Beacb, fb~ida, a ader, the wm of Sj~TEEN "
~ THOUSAND FIVE HUNDRED AND NC~ HUNDREDTHS----------aou~s ~t 16, 500. 00 ) ~
. roye+har w~th i?,terat thereon u F+erefnaftsr stated in monthty instaltrrwnts of ONE HUNDRED THIRTY FIVE
and 6 6/ 100 -----pp~~ARg (i I 3 5. 6 fi The firi t inctallment sh~i! be d~e and pay~bie an _tlx 1 Oth ,
~ day of JULY ~9 7~ - artd :ubseqvent instdlments shall be due and psyable on tha 1 Oth
.ey of each and svery c~lendar monrh there~her until tM printipai and intettst ar~ fully p~id.
lerger svms may be paid at any time, but the payment of any such lergtr sums Tn addition to th~ paymentt hetsin rsquired shall
not relieve iF~e makers of the psyment of the mon~fily i~stallments Fxrein provided for, unless it is speciflcaf(y stipvltted by tlx mskers at the
_ - f;me of payme»1 that such luya sums are ro be applied to the advan~e payment of th! momhlr installmtnt~ ntxt maturiry in 1M orde~ of
. their dut d~tes. All payment: made upon this note shell be ~pplied first to the p~yment of acuued in:,.rest ~nd sccondiy upon the princip~l.
This obtig~tioo shall bear inte~ast from dete et the ?~te of eight and three fourths pK nrH 7~J ~f)~ ~
per snnum .~fil the principal and fntetest att fvlty paid, -
~
- Intercst for each calender menth shall be acuved on the first day of sa
d ma~th and be computed oa the vopaid balance of principa!
and interes~ existing on the last day of the preceding monlh. This note shall be conside~ed in default when nny psyment required to be mede
~ hereunder sfiall not have been made by its d~e date a~d shatl remain in defauU until said paymer~i shall have been made. N?iile ir~ defautt, "
_ this note shall bear-interest at thn rate of 10% per annum in Geu of the rate hereinbefore specified. -
All makers and endorsers now or hereafter btcoming parties hereto jointly and severally waive demand, notice of non-payment snd
protest, and agree that in the event of defeult in the payment of any ir.stallment dve.hereunder for a period of thirry (30j cays the wi~ole of
o~ aaid indebtedness shnll there~pon at th~ oFtion of the hotder, become immediately due and payabie, and ~f this note becomes in defau!t artd
~~p is placed in the hartds of an attorrtey for collettion, to pny reasonable attorney's fees and btl other cosis inciuding c4sts and atiomeys fzes Of -
~w Appetlate CQUrt Pr«eedinys for making such coliedion. _
~ This note ma be _
y prepaid in whole or in part at any time without penalfy.
Q , s / : Doney E._VYilliams .---Y--~__._cs~?t)
~ ~ ~ ' ~ ~ ~ - ~ s~_Elizabeth K. Wi.lliams -
_ ~ , ~ • ~ - , t z
~ i . ~ + . ~ ------Y----.-____-_____~_.--_----.__-- ~ -
~ ----_____._._._~_._.___________.__._.._.---------------------~--ts~au
(11~a nota is secvred by • mortpa9e of even dafe execvt~d by the m~kars irs favor of Commvniry Federa! $av;n9i ~nd Losn Assn. of Riviet~ 6estF+) - ~
- _ ~
and shall p~omptly perform, comply with, and abide by each and every the stipulations,- agreements, coRditions, and .
covenants of said promissory note and of this deed, then the eslate hereby created shall cease and be nuN and vaid.
AtdD ihe Morigag~r does hereby covenant and agree:
1. To pay att and sinyulsr tM princ~pat and intsrat ~nd ofher sums of money parable by virtue cf uid prorn~ssory notc and thi: mwlgag~, a eit!+t:, promptlr
on tM dsyn resp~ct~vetY, tM same seversltr come dw.
l. io paY all and singular ~he ra:ei, au_nsmen~s, lev~es, Gab~litics, ebGgations and incumlvanccs of ~very narure on aa~o_ oau~bed prope~ty exh an~ every '
.vh.n Jue and paysAle accxdinq to law, ba/o~e tY,~y become'delinquen~, and i! the samr shall rw~ be w~+P~~y Paid ~he Mortgaqee may at any 1~me eitAer betore
or a(ter dei~nqvency pay the same w~tho~t wa~vin9 w af(ec~i~g rAe optio~ to fweclose, or any right herevnde~, and e~ery payrr.enf so-mad! shtl! t~ear enreres~ (rom
~he 4a~t ~hereot at ~he rare p~ovided ~n said promissory note. ~
3. To keep the buildinys and ell aquipment and perso~al property now or hereafter on said premises, covered by thi, morlyage, inaursJ in a sum at least
equal to the unpaid balance of thi: mertgage, inciudiny fire, ftood, extendcd coverage, vandalism, malk%ova ~nisch;ef, and any other coven9r rrqvired by the ;
mortgagee, as to pro~erties otl+er than dwellinys, and fire, flood, e~tended coveraga, spec7al•form other-per:~s insvrance, and any other coverage reqvired by
the morlgagee, o~ dwellings eligible for ~uch broadened coverage - provided, howevu, that such insuronce be in an amounr suffic~e,it to campty wifh ~ny co- =
' insvrance reqvirements coverinq srsne under the tsws of the State of FlaidB, "and p~ovideo further that the policy or policics shall be wri~ten ~n s company or =
comprnies and through an. agency satisfactory to the Mortgagee and thit ;aid policy or policics shail be hefA by the Mortpagee and sha11 bear a standard New
York Mortgagee Clause wit~ovt corlribution, making the loss ur,der said policies payable to the Morlgag~e as irs interat may aopeer, and in ehe erent any ivm
cf maxy becomn paynble vnder any svch. policy or poficies, the AAongagee shall have the option to ~tteive ar+d appFy tfie same on accovnt of the ir.debfednes~
hgreby aetored, or to-permit the AAert~gor lo receive and-use it, or sny part thereof, fa other purposes, wirhovt thueby waiving or impa~r~ng any eq~ir~, litn, .
or right under and by virtve of this mwtgage; end in the event the Mort9agar does nof compTy w+rh this covenan?, ehe ylo+tga9ee msy plxe and pay for such
' insutance, w any part thereof, without waivinq w affettin9 the ~tion to foreclose, or any rigfit hereurrdtr, and the fvll amovnt cf each snd every such payrntnt
inall be immedia!ety dve and payable, and shall bear interest from the date thereof un;i! paid at ihe default rate provided in sa~d t±ote and together witti such
interest shall be secured by tfse lien of this mo~tgaye. Insvrance coverinq the prri! of flood ~amege shep be as reqoired by the Federol D7taster Profection Ad
' of 1973, or as amended, and mort9agor covenants ard agreta to comply in all resxcts with the provisions thertof. - -
4. That mortgagee may, at any tin;e dvring fhe mortgage term, and in its disaetion, apply for renewal of mortya9e g~aremy irsvrance cove~inq the
~ mortgage erecuted by the undersigned art even date hercwith, pay tne prtmivms due by reason thcreof, and requ~rc repayment by *he vode:si9ned of su:h ~
amounts as are ad~anced by sa~d mortgagee. In the evert of fa~l~re by tAe vnd•raigned to rcpay said-amovott to ~aid rrwrtgayee, svch failore shall ba con-
sidered a default, and all provisions of the note and rtwrtgage with regard to default shall be appiicabie.
. S. io p~rmir, comm;t or avH~r no w~~», fmp~lrh. ~or dNe~ioration of said r
bvildi P~~Y, a any p~rt tfisreof, and vpon eh~ failu+Q of th~ mat~sq~r ~o k~op ths
ngt on Nid prop~rty in 9ppd <ondition of~rpi7~, fhi MOAq~yN rery d~nynd tM i'nmedi~t~ ratiaair of t~id bvildinys,'a an inereaN i~ t!» amOUfft o4 tKtxify, w.
tM imrr~ed'~t~ rprym~nt of tM de6t htreby seav~d ~nd tM.f~~ivr~ oi tM Alortqapor ro c~mply a+ith uid deen~eid of d» Mortq~q~e fw ~ p~riod of th;rty (3p)
_ d+Ys, sMll caatiM~ a lx~ach of Mie rtrorlv+ve. snd, ~t tM oprion of tM Mortg~pe~, immadiatdy m~tvr~ tM ~ntin ~nwvM of principd K+d int~st Mr~br
srund, Md in~t+e~iahly ~nd rvSthovl nctice, tM 1Norty~yN rtwy i.~tfitvf~ procKdiny~ to fa~ctos~ th:a mwtpr~ ~r.d sppfy fw tM ~antwNnt of • R~c~ive?. a
. . Mr~.rrfhr Providtd. .
' - - _ . . - . _ _ - . . . - _ _ - - - - . . ~_~:.,_,.u. - -
-