HomeMy WebLinkAbout0107 TO H.4~'E :1N[) TO HnL[) the ~amr, tvgeth~r ith th~ trnrmrnh, hrreJit3mrn~. anel ~~~urtenan~r,, unto the ~tortgagee, in fee simpie.
A!vD the ~tortgagor doe, hereb~ co~rnant ~~ith the 1lortgager ihat hr i~ in:lefeatiibl~ ,rired ot ~aid land in fee ,imple, that he has fu!I
roHCr and la~~ ful right to comey said land in fee simple at afore,aid; that it shall be la~~ iul lor the \tortgagre at all times peaceably and quietly
~o en~er upon, hold, o~cup~ and enjo~ ~aid land; that ,aid land i~ free from all rn~umbran~e.; that he Will makr Such further a~~urances tc~
EriuiCtii i,ii ~ci Si~i~4~ic titic iu iai~ iai~~ nl i~le \i~i~iga~:rr a: ma~ reasonahi~ t~~ required: l~l~l ~lt due. hereb>• iull~ warrant the Utle to Said land
ar.d ~+ill defend the same against the !aH fu! ~laimti ~t all per;.~n~ ~rh.~m~oe~zr.
PROVIDED, :11.~~'Al'S, that if ~h~ \turt~a.~,r ,hall ~a~ untu thr \turt~a~er thr ~erta~n ~r~mi„un n~~tr of Hhi~h the (olloHing in Nord~
and figurct i, a truc rop~. to•~~ir.
COM~tI'ti1T1' SA~'ItiGS, E'.A.
~~,~or#$~z~e ~o#r
JANUARY 22 90
RI\'IERA BEACH, FLORIDA 19
6eing indebied, f~~r ~alue rerei~ed, the undeniened jointl~ and x~erall~~ promi,e to pa~~ to COMIIUNITI' SAVII~GS, F.A. at its
oftice in the City of Ri~ iera Beach, Ftorida, ur order, the sum of
ONE HUNDRID SEVEN THOUSAAID NINE HUt~IDRED AND 0/100 DOLLARS15107,900.00 ~
together w ith interest thereon as hereinaiter stated in monthh~ installments of
NINE HUI~IDRID FIFTY-SIX AND 88/100 DoL~~RS 15 956.88
The first installment shall bedueand payablean the 10 da~ of MARCH ~g 90
and subsequent insta~lments shall be due and payabie on the 10 e1a~• of each and e~ery calendar month thereafter
until the principal and interest are fulh• paid.
Larger sums may be paid at any time, but the payment of any such larg;r sums in addi~ion ro the payments herein required shall
not relieve the makers of the ~aymen[ of the monthly installments herein pro~ ided for, unless it is specitically stip~lated by the makers
at the time o~ payment that such larger sums are to be applied to the advance payment of the monthly installments next maturing in
the order of their due dates. A(I payments made upon this note shall be applied first to the payment of accrued interest and secondly
upon the principal.
TEN AND 125/lOQO 1Q.125
This obligation shall bear in[erest from date at the rate of per cent ( ?'o)
per annum until the principal and interest are fully paid.
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 ezisting on the last day of the preceding month. This note shall be considered in default when any payment required
eo be made hereunder shali not hav~ been made bp its due date and shall remain in default until said eayment shall have been made.
W hile in default, this note shall bear interest at the rate of EIGH'PEII~I A1~ID 0/100 per cent (1~3 .00 per annum in lieu
of the rate hereinbefore specified and holder during defaul[ map ai its ortion refuse to accept payment of any sum less than the total
amount then due or deciared hereunder to be due.
All makers and endorsers now or hereafter becoming parties hereto jointly and se~•erally waive demand, notice 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 the option of the holder, become imrnediately due and payable, and if this note becomes in
default and is placed in the hands of an attorney for collection, to pay~ reasonable attorne~•'s fees and all other costs including costs and
attorne s fees of A ellate Court Proceedin s for makin
Y PP S g such collecuon.
j ! This no[e ma}~ be prepaid in whole or in part at any time ~ichout penalt}~.
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- ISEALI - ~~L__._-_ (SEAL)
WILL.IAM H. 'PHORN, JR.
E (SEAL) fS~ (SEAL)
PATRICIA F. THORN
(This note is serured by a mortgage of e~en date executed b~• the maken in fa~or ot C0~111UNITY SAV(NGS, F.A.)
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~ a nd shall promptly perform, comply with, and abide by each and every the s[ip~iations, agreements, conditions, and covenants of said promis-
.ory note and of this deed, then the estate hereby created shall cease and be null and ~oid.
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~ AND the ;~lortgagor does hereby covenant and agree:
1. To pa~~ all and singular the principaf and interest and other sums of monry~ pa~~able b~ ~ irtue of said promissory note and t his mortgage, or
either, prompth• on the days respectively, the same se~~erally come due.
2. To pay all and singular the taxes, assessments, ievies, liabilities, obligations and encumbrances of every nature on said described property
each and e~•ery when due and payable according to law, before they become delinyuent, and if the same shall not be prompuy paid the Mort-
eagee may at any time either before or after delinquency pay the same without waiving or affecting the option to foreelose, or any right
hereunder, and ever}• payment so made shait bPac interest from the date thereof at the rate provided in said promissory note.
f 3. To keep the buildings and all equipment and personal property now or hereafter on said premises, covered by this mortgage, insured in a
' ~um at ieast equal to the unpaid balance of this mortgage, including fire, flood, extended coverage, vandalism, malicious mischief, and any
~ other co~•erage required b}• the mortgagee, as to properties other than dwellings, and fire, ~lood, extended coveraga, special-form and other-
& perils
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0 p~7~ f~~E ~07 Form 238
appK e ~ SnUYHEASTERN
Rev. 4/86
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