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TO HAVE AND TO HOLO the same, togethe~ with the tenements, hereditame~ts and appurtenances, ur?to tfis
Mortgagt3e, in fee simple.
AND the Mortgagor does hereby oovenant with the Mortgagee that he is i~defeasibly seized of said (and in fee simple,
that he has full power and lawful right to oonvey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at ali times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is froe
from all incumbronces; that he will make such furthe~ assurances to protect the fee simple title to said land in the
Mwtgagee as may reasonably be ~equirad; that he does hereby fully warranl the title to said land and will defend fhe
same against the Iswful claims of atl penons whomsoever. ~
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PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the ce~tain promissory note of which the
fotlowing in words and figures is a true copy, to-wit:
' COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIYIERA SEACN
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( . ~Dr#~tt~e ~o#e
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~ R~v~ew~ e~?a+, FioRi~~ June~_, ~a 72.
~ ~inp ind~bted, fo? value reo~iwd, tly w~ds~sgewd iointly and severally promiu to p~y to COMMUNIiY FEOERAL SAVIf~GS ANO
i IQAN 1?SSOCtATION OF RIVIERA BEACH ~t its offiae in the C~ty of R'nipa Beach, fbrida, a otd~r, th~ wT o! FOURTBEN
~ THOUSAND TWO AUNDRED AND NO/100----------------------vau~s ~s 14,200.00 )
j eo~rher w~th ~ete.est tlrreon ~s he~s'uwhN stmd tn monthl~r imt+llnwms d Ofl@ Hundred Fourteen and 41/100-
~-------------ppUI?RS tt . 41 Th~ fint installment shall b~ dw and pay~bl~ on eh~ tPIlth
; a.,, of August, ~9 72 , .nd :u~eq~+ee+t :nt~.um~m ,~,.n b. ave ..?a P.y.w. o++ +he tenth
I d•~ of each ~nd ~very ukndar month there~her until tM pri~cip~l and interest art fvlly p~id.
L~rper sums may M p+id at any time, but the p+yment of any tuch luye? swns i~ addition to tF+e payments hersin requaed ~11
I not nliew the maken of the paymeM of the monthly irot~IlmeMS here~n provided tor, unku it is sp~ciFicdlr stipulated by the m~ken +t tM
~ r~me of p~yment that svch lar9er sums are to be appl~cd to the sdvanc~ psyment of the montNy irotallmtnts n~:t n?atu~irg in th~ ord~r of
! thei~ du~ dates. All payments mad~ upon this note sFull be applied fint to tht psym~nt of acvwd interat a~+d secondly vpon tl+~ Pr++dP+~.
' This oblgation sh~ll besr interest from date at the of seven & f 1V@-tenths P~_~ ( 7. 5~ x~
` per annum w~til tht printipal snd inttrest are fvlly paid. _
~ Interest for each cskndar month ~ f ull b e ~ c
a v c
d on t h e fint d ay o f s~ i d mont h a n d b e comput e d on t
h e unp+ i d b a l+nc~ o
f pri n c~ p+ l
~ and interett existug on th~ l~st day of t!» precedinp ma+th. ihis note shall M considsred in defauh whtn arry payment nquirad ~o be
~ made hereunder sh~l1 not have beeo rn~d~ within thi~ty days followirg its due dat~ ~nd sh~l) r~main in ddavit umil s~id p+ymer?t slwR
! hav~e b~en m~de. Whi4 in defa~lt, th~s note slull be~r ints~est ~t tfie ~~te of 10% per annwn in lieu of Me ~at~ Mn~nbefor~ spec~fi~d_
f
j All makers and endorsen now a he?eaher becaninp psrties hertro jointy ~nd a~verally waive denmd, not~a of non-p+ymem ad
j p~west, and s~ee that i~ th~ event of defavh in the paymenr of any installment dve hs~urwlK the wFwl~ of said iedebtedness shall there-
' upon at th~ optioe of the hold~r, become imrnediat~y du~ and p~yabk, snd if this not~ beoomes in d~i~uk ~nd b plac~d io tM Mnds
i ~ of an atroroey fw colkction, to pay reaso~abl~ maney's fees and all oth~r oosn fw enakirg sucl~ coliedion.
'j ~ This nott may be prspaid in whok or in pa.t sr a~ryr ~m+e w'nho~rt pa+shy
~ ~ S[___William R. Gord _.___.cs~?u
~ I WILL~R~ORD N .~r
____~?t~
; S Nellie R. Gordon ~~u
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~ ~~t
: ~SI~~~ _
~(iM no~e b secured by • mortpa~e of even date e:~cwsd br ~he maken in favor of Communit~r Federat S~vinpi ~nd Lo~n Asu+. of Riviera Oe~)
and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void.
AND the Mor~gagor does hereby oovenant and agree:
1. To psp ol and sinqul+r tl» pinc~p~t ~nd intK~st ~nd ok~r swro d mon~Y Wr~We by virwe o! aaid o~aniswry na~ and this mortyp~, w~ithe~, v~aroNY
on rM d.ys .«v«+~veN. Mn ..w~e ..v~..~y mwn du..
To p+Y ~II and sinqulx rAe r~aes, assessn+eny. lev~es. I~ab:l~~~es. obl~y~han u~d ~ncumb~ances of every narwe on saa oeunbed poperty exh and svery
~.v1,en dvt and par~e xcud~e.q ~o law. ~e1ae A~ey becane dehnq~renr. ~nd if rhe s~rrK shall no~ be w~w~~r v+d M~e Morrgagee ~nar N any r~me e~ther ~efwe
s or alw deLnquencr wr the same w~~Aout waiv~~q a•f(ect~nq rhe option to lweclose. w~nv riqM he~evnder. ~nd erery u+Y~~ ~ m+de sM+ll bear inrerest from ~
r~.e d~!e rl,e~col ar ~he ra~e ao.~ded ~n sa~d p`om~ssa~ note '
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To kep fh~ bvildinqs and afl ~q~ripment ~nd prsonal poperty row or baeafter on u:d pemises, covred bp this maty~y~, insw~d in s suw~ tl t~a~t #
cQwl to the unpaid b~4nc~ of Mis rnwty~ye, inch~diny fin. ~ata~ded cova+p~ ~nd vandNiarn and mdicio~s inswanc~ u ro propaties otMr IMn d~w~IG+yt. ~nd i
tire. ?¦~ded cowa~ and speci~l fam oNier perib irrurancs on dwelliny~ ~ligiblt fw tuch bwdened cmre~_~-provlded, how~v~r, rMf wd~ i~wanc~ b~ in ~
~ amow~t ~v(f:ciw+t ro cw~wN with any co-:rnuru~c~ ~~Wiremanb cwrarinq sa.ne wder Nr bws of th~ ;u?~ of flwidi, u+d povided iwMrr N»t the poticY a pol'a~s ~
sh+ll A~ writNn in • comp~ny a comp~ni~s ~nd tlra+yh an ap~nq s~tiif~etory to tM Mwr9ape~ a+d Nrt s~id poGcy w polic~es sMll b~ hetd Ey tl+~ AAonppM ~
~ ~nd ~11 bw • sbntlyd I~Mw Yak Nbrtq~yM Clwrs~ withour coner:bwion. ~ykinp ~he bss wder said poGcie~ p~yabl~ to Nr Mort~qw as in inwest map ~pptar: ~
and in N» ~vu+t ~enr wrn oi nwery becan~s WYaW~ urd~r arnr wch policy a poficiai, t!w Mortqpe~ sMll Mw t!r opfion b neeivr and +f~Y 1h~ sam~ on ~
xcount o/ tM :nd~bN6~ess her~bf~ s~cund, a w prmit dr Morrp~qw to receiv~ and us~ it, o? ~ery pan Iha~eof, iw oN~tr wvoeses, wiN~wt M~nby w~ivinp ~
a irnp~irirW ~nY ~quihr, lien. w riyM w~d~r and M vinu~ ot dra rnony+q~: and :n tM ~vent tM JNor~~qor dots net comply w~th Mwt covw~aM, tM Maf~9»
rrwy O~+c~ ~nd Wp iw wd~ insw~+p, a+rW P+A fMreof, without w~:vinp or aff~ctwg tM option to fa~clw~, a any riqht herwe+der r+d Hr firll smanr of each
ane evwy wd~ wr~~ sMn b~ :nrn~d~auM du~ and pqra6N wd slwtl bw intKat frow~ dr d~~e dw.eot um~~ Psid ~he rate wav~d~d in s~id no» ~nd wy~lr* ~
witA tutA inMesf shall b~ suwW bY IM INn o( 1M rnortp~y~. ~
1. TMf iwrtOp», iwp, d ewp IiM dwip fl?~ ~wt0e~ Nr~, ewd iw ib d'acr~tiew, ePV~f (w nw~wl ol ~w1Y~W 9~~I ~~a ~~M ~ O^'
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sortOeN ~:~art~d bp IIw vwd~nqw~d ow wM doN berrrill?. Po1 ~ V~~wi~~ dw br rwww /Mr~o1, owd rpvir~ r~oeprM bp ~ w~dNSiSMd ~i
sYCb o~ovwls m or~ sd.onc~d bp wid wor~pop~e. Iw /At ~~enf ol fa~~r~ bp IM ~ed~rsiqw~d ~e rpoY wid owo~wb to soid wwpe~~. s~rch f~ir~~ dioN
E~ con~id~r~d o d~fevN, oed dl prorisiows o! ~he wob w~d wo~pop~ wiM r~ywd to d~lovlt ~Aoll b~ opplicoW~. «O
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S. Te puinir, comnwt or wHM no w~s», irwp~irwMm a d~NriaNion o1 uld prop~ny, a+n~ wn tAerwf, a+d ~rpon H+~ ~~ilw~ 01 tM narfy~yor b k~p N~
~ b~ildinqs on wid propwnr in yood eondtion of rp~ir. M~ Mor~y~qN rery d~d tM im~wdi~» rep~ir o1 said bo:Idirps, a~n inveas~ in flr anwunt of wcwitp, a
MM inYlM~iaN rp~ynyeM 01 fIN d~bf herebY iKV?~ MA NN ~lilut~ Of NM Ab1lpipW b tWAp~Y with iiia dM~Md O~ dN MW/p~~f fOf • PKiOd O~ 1~N/h
+ d~r~, sh~ll c«ut~rvu • bre~ch d Mw~ nwr~vw~. +nd. ~r Mr optan of ~I» IMorr~yN, invned~aaFp m~nn Uw ~nrin ~mawv of w~ncio~l wd imensr her~bp
. i~c~»d, ~nd im.~ei~~qly •nd witl~ notit~, tM Nbrty~pN nNy im61vN potMdwqs b fo~~elow Mis rnwlpap~ aed ~pply fp fA~ ~ppointmtnt o1 • Recd~er, n
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