HomeMy WebLinkAbout0095 TO HA~'E AN[) TO HOLD the,amr, iu~rthrr ~itt~ the tr~irmrnt,, htreditam~nt~ an~i a~riu~~n~n~e., u~uu the !~tortgagee, in fee s~mple.
AND ihe ~lortgagor does herrby cu~enant ~~ith the ~lortgagcr ihat he iti ~ndefestiibl~ ~eired ol tiaid land in fee .imple, that he has full
4,uHCr and la~~ ful right to ron~e> said land in tee ,imple a. aforr,aid; [hat it thaU be la~ ful lor the Wurtgagre at all times pea~eabl~ and quieth
;u en~er upon, hold, occupy and enjo>~ ~aid land; that ,aid land iti free frum a!1 en~umbran~e+; that he will make such further atsurancec to
nr.~te~t the ice simple title to ,aid land in the \lortgagee a~ ma~• rea,onahl~ br reyuired: that hr ~iur, hereo~ itiii~ warrani ihe iit3~ t~i .ai~ iaij~3
,in ~~ill delend the same again;t the la~~ful ~iaim. oi aii penon~ ~~homior~cr.
PRO\'IDED, .41.4VA1'S, that if the \tort~a~ur ,hall pa) unto thc ~furtgager the certain {~romi„ur} note of Hhich the following in word~
:~n~i figures is a truc ~op~. [o-~it:
COMM~?NITti' SA~'ItiGS, F.A.
~~:~ur#~u~e r'~o#~
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RIVIERA BEACH, FLORIDA J~~Y 23 19 90 _
Being indebted, for ~alue recei~ed, the under~igncd jointly and ,r~erall~~ promi~e to pa} to COMMUNITY SAVlNGS, F.A. at its
office in the City~ of Ri~iera Beach, Florida, ur order, the sum of
SIXTY-FIVE `Ii~iOUSADID APID 0/100 DOLLARS (5 65,000.00 ) :
together w~ith interest thereon as hereinafter ttated in monthly installments of ~
SIX HU[~IDRID NIN~I'Y-THR~ AfID 53/100 QOLLARS(S 693.53
The first installment shall be due and pa~able un the 10 da>• of iNARCH 19 90
and subsequent instaliments shall be due and pa>able on the 10 day of carh and e~ery calendar month thereafter
until the principal and interest are fully paid.
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Larger sums may be paid a[ an}• time, but the payment of any such larger sums in addition to the payments herein required shall
not relieve the makers of the ~ayment of the monthly installments herein provided for, unless it is specifically stipulated by the makers
at the time of payment that su:h larger sums are to be applied to the advance payment of the monthly installments next maturing in
the order of their due dates. All payments made upon this note shall be applied first to the payment of accrued interest and secondly
upon the principal.
~ This obligation shall bear interest from date at the rate of '~INE AND 875~1000 ~r cent ( 9~ 875 °'o)
~ per annum until the principal and interest are fully paid.
y Interest for each calendar month shall be accrued on the first day of said month and be computed on the unpaid balance of princi-
~ pal and interest existing on the last da~~ of the preceding month. This note shall be considered in default when any payment required
to be made hereunder shall not have been made by its due date and shali remain in default until said pa}•ment shall have been made.
~ V1'hile in default, this note shall bear interest at the rate of EIG[-1'PEIIJ AI~ O1100 ~r cent (18.00 per annum in lieu
I of the rate hereinbefore specified and holder during default may at its option refuse to accept pay~men[ of any sum less than the total
I amount then due or declared hereunder to be due.
Atl makers and endorsers now oe hereafter becoming parties hereto jointl~• and se~~erally waive demand, notice of non-payment and
; prorest, and agree that in the event of default in the payment of any installment due hereunder for a p~eriod of thirty (30) days the whole
! of said indebtedness, sha~l [hereupon 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 attorney for collection, ro pay reasonable attorney's fees and alt other costs including costs and
g attorneys fees of Appellate Court Proceedings for making such collection.
This note ma}~ be prepaid in whole or in part at any time w ithout penalty.
I
( (SEALI ~ - - - - ISEAL)
, ALYNE H. WII,COX
I _ ISEAL? (SEAL)
1
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IThis note is sec:ured by a mortgage of e~en date executed b~~ the maker~ in fa~or of Cn~111UNITY SAVINGS, F.A.)
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ind sha11 promptly perform, comply w•ith, and abide by each and e~~ery the stipulatians, agreements, conditions, and covenants of said promis-
~or~~ note and of this deed, then the estate hereby created shaU cease and be null and void.
AND the ~tortgagor does hereby co~~enant and agree:
1. To pay all and singular the principaf and interest and other sums of money papable b~ ~ irtue of said promissor}• note and this moregage, or
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~ ~ither, promptl~• on the days respectively, the same se~~erallp come due.
~ 2. To pa}• all and singu~ar the taxes, assessments, levies, liabilities, obligatians and encumbrances of e~•ery nature on said described propert}•
~ .ach and every when due and payable according to law~, before they become delinquer.t, and if the same shall not be promptly paid the Mort-
taeee may at any time either before or after delinquency pay the same Kithout w~aiving or affecting the option to foreclose, or any right
hcreunder, and e~er~~ payment so made shall bear interest from the date thereof at the rate provided in said promissory note.
3. To keep the buildings and all eyuipment and personal property now• or hereafter on said premises, covered by this mortgage, insured in a
,um at least equal to the unpaid balance of this mortgage, including fire, flood, extended coverage, vandalism, malicious mischief, and any
other coverage required by the mortgagee, as ro propzrties other thsn dwellings, and fire, flaod, extended coverage, special-form and other-
~erils
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u~ n~~r On~ Form 238
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f4~~ ~ SOUTHEASTERN
B`~~M <<~ Rc~.4%Rb
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