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TO HAVE AND TO NOtO the ssme, together with the tenements, he~editaments and appurtenances, u~b the
Mortgagee, in fee simp~e.
ANO the Mortgagor dces hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful right to convey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said la~d; that said land is free
from all incumbra~ces; that he will make such furthe~ assurances to protect the fee simple title to said land i~ the
Mortgagee as may ~easonably be required; that he dces hereby fully warrant the title to said land and will defend fhe
same against the lawful claims of all persons whomsoever.
PROVIDED, ALWAYS, that if the ARortgagor shall pay unto the Mortgagee the certain promissory note of which the
following in words and figures is a true copy, to-wit:
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~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVtERA BEACH
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I c~3Rur#~tt~e ~u#e
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aiviEw? s~?cF+. Fiatiu~ July ~ , 19 7 2
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~ Beinp indebted, fo? v~lue received, the ur~dengned 'piotly ~~d seve?slly promise lo p~y to COMlNUNITY FE~ERAI SAVINGS ANp
, tOAN ASSOCiATION OF RIVIERA BEACH in o:fice in ~he Ciry of Rivie.a 6e+ch, florida, a order, the ~un+ of TWEI,VE THOU-
! SAND AND NO/100---__..___,...._.._.,...._.,_.._____..-----..----oo~uas cs12,000.00 1
royether wi~h imeres~ the?eon ~s he~ein~f~er s~at~d in ~«++hi,, ~t.um.~n of Ninety-Three and ~4~1~~---^-"--
-------~-----oo~u?es cs 93.Ot~ ihc fint initallment sha~l be due and pty~ble on rn~ tenth
, d~y of September 19 72 and svbuquent installments sh~ll be dve a~d payabk on the tenth ~
a
day of each and every cakndar month thcresfter ~ntil the principal ~nd interest are fully paid.
Larger sums msy be paid st any time, but the payment of any suth Isrger iums in sddition to tM paymcnts herein ~eqvired shall "
not relieve the makers of the paymcnt of the monihly installments herein provided for, unless it is specifically stipula~ed by the makers af the =
rime of payment th~t such larger sums are to be apptied to thc adva~ce payment of the monthly instsllments next maturing in the wdet of t
the~r due dates. All payments made upon thn ootc sha11 be applied fint to the payment of ~ccrued interest and secondty vpon the prindps~- j
This oblig~tio~ shsll bear interest from date at the rate of sQven PK a^~ ~ . D~ x~ :
per •nnum until the principal and interest ~rc fvlly p~id.
Interest for each caiendar month sh~ll be scuued on the first day of sa~d month and be computed on the unpsid balsnce of prindpal
ar.d i~rerest existing on the last day of the precedfng month. This note shall be cons~dered in default when any p+yment ~equi.ed ~o be
made herev~der shall no1 have bcen made within thirty days folbwir?g its due d~te and shall ?emsin in default ~ntil said payment sMll
have becn madc. Whik in default, th~s note shsll bear interest at the ra~e of 10% P~r annum in lieu of the r+te here~nbefwe spec~fied.
Att makers and endorurs now or hereafter becoming parties hereto jo~ntly snd severally waive denand, notice of ~wn-payment and :
protest, and agree that in the event of default in the payment of any installment due hereunder the whole of said ir~debtedness shsll there- ;
upon at tht optiw+ of tlx holder, becon+e immediately due and payable, and if this note becomes in defavlt ar+d is p~sced in the ha~ds ;
of an attorney for col~eqan, to pay reasonable attorney i fees and all other cosh fu making such colkction. ?
This note m~y be prepaid in whole or in pan at any time wifho~t pen~lty.
! ! _S/..Richard L_~___Canan~.__~____..___..__.~sEwi~ .
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~ - RICHARD L . CANANT ~
f ~ --~SEAL~
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~ S Valerie M. Canant_.____..__.__.
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e ' VALERIE M. CANANT
~ ' - - - - ----_lSEAI)
~(This rate a ucvred by a mor~yage of even dau eaecufed by ~he ma4en in :r•+ar of Community federal Savingi ~nd Loan Assn. of Rivier~ Beach)
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 Mortgagor does hereby covenant and agree: -
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1. io pa~ aN and siny~lx ?f» principal ~nd inreres~ and other swro of mo~ey p~y~bte by virhx of u~d Orom~ssory note and this mortq~ge, p tithe~, pronptly j
~ on tM days r~spectivelY. M~e same swersily come due. y
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2 io per and s~nq.,lu ~~e faus, assessmeny, lev~ei, hab~~:nes, ebhqat~ons and .nc..mb.ancea o~ ...ery ~a~ure on sa•a oescr~bed D~oDenY exh and eve~y
..~en d.,e and OavaE~e accwd~nq ~o law, belwe they become defmq~en~, and ~f the ume shill .,o~ be nromprlv ~~e ~Mo.rgayee ~n~Y a~ ~ny r~mr e~ther kx/o•e
• alce. deLnQuencr oay rhe same w~rhour wa~vmg o~ aNecnoq Me opr:on ro 1o.ectose, a anr nqM here~.nder, anJ eve~r oay~ram so made shatl bea~ mre.ef~ irom -
• da•e r~e~eo~ ae the •wrt D•o~~ded ~n sa~d prom~sswy nu~e
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~ 3. To kep the bv~tdmqs snd aIl epv7pment and personsl propcrty now w here+iter on said premiscs, co~-.ed by ~h~s mr~tgaq~, inwred in a wm ~t It+it
- eQwl to tAe unD+~d ba~x+ce o} th~~ mor~y~qa. includ~oy f~r~, eatended coverage snd var~d~llsm x~d ma6c.ous msu.~nce as To poperhes otMr than dwell~egs. ~nd `
f~.e, e¦~mded coversg~ u+d speual iwm orher perils tMW~M~ on dwell~ngs efiqble f« s~ch bwdened cover_,e - prov~ded, however, rMt s~~ch imwanc~ bt i~
~ ~mount s~f(;cient ~o comply wieh any coinwr~nc~ rpvireme~b covniny same ~nder ehe ~~ws of the :~ats of ila~da. ~nd w~~ded fwrher rha~ tlx policy w policies
~ ahail be wrinen in a cw+~prnY a co.npanies and thro~yh ~n ~qencr satisfutory to the AAw~qaqee ~nd tMt said pol:cy a pol~cies s1+at1 b~ held by the Abrfysyee
~ and iMtl be~r • sbndxd Ww Y«k Morfy~qe~ Clwsa wi~hwt contnb~tion, makirp Me loss w~der ss~d pobues psyable ~o tl,e 1Mortq~qee as irs interpt may apjx~r;
~ and in tM ~vent ~ny s~m o( mwroy becomes psyabh vnder a~y such pol~cy p po'ie~es, tAe Morfgagee sMll Asve tM option- b rete~ve ~red +pph th~ s~rrN on
~ account of fl+e ~ndebtedness hereby secwed, u to ptrmil tM N{ortysqor to receive and ~se ~t, a any parl the~eof, fo~ o~Aer p~rrpoaes, w~tlw~t iMteby wsivirg
t o~ wnpa~rin9 arry eq~~ry, lien, w~igh~ ~nJer and by vinw of ihis mort9aqe: and :n the event tMe Mortqaqor does no1 comply wiH~ th~s covenant, tM Albrtg~qe~ ~
msy Dlxe ~nd p~r for s~ch imwance. w inv P+rf Mereo/, willw~t w~iving a~f(ect~eg tM option ro iwecl~, q ~nY riqht herev.~der snd the full ~moant of t~ch
~ snd evwr s~ch paym~nt s1w11 be immsd~stely dw ~nd p~~~W~ ~nd shatl bear in~erest lran the d~te rhereof until paid st the rare w~ided in sa~d non aed fo9e~her
~ wirA sucA interes~ shall b~ secww Dy ~he I~en of this mo?tgsye. ~
~ 1. TAaI ~at~op~~, iwp, ot owr tiw~ durin9 tM iwoAyop~ Hnw, asd iw it~ di~cr~tion, opplp lor r~n~wel of ~wfyoo~ yrarenyr ie~v~oec~ cewrirq ~
narlpop~ •x«vad by M~ underspned on ~ren date 6trewitA, por tM premium~ du~ br r~own ~Mrw/, owd rtq~i~~ repopw~nf bp tA~ vnd~rsiyn~d ~~\~~ir
" s~ch onwvnh m ore ad~o~ced b soid nwrt te. In ?M event ol foilure b the vnders' ~~d fo rt
Y pop Y ~ poy wiA onwvnls b wid iworlooq~~. ~vch (oilvr~ ~hol{~.Z-i
b~ consid~r~d a defo~D, ond oll pro~isions o( t6~ not~ ond nwrt9opt rv~tA repord ~o d~fovlt sholl b~ oppl:cobl~.
S. To permir, commit a svff~r no wu?~, irnp~irrnent w dett~iwNion pf uid D~oD~~~Y, a~~Y wrt r?~ereol. ~nd ~pon tM /~ilwe o/ tM nartpaq0~ to k~ep tM
~ bvild~nq~ on said popaty in qood condtion of r~pair, tM Morty~qe~ rryY danu~d tM immedure ~ep~ir of s+id b~~td~ny~, w~n incre~s~ in tM ~maint o1 secwity. w
~ rM imm~di~» rp~yment o( th~ deW hneby secwed u+d tM f~~lw~ of tM Mwty~pw to carply w~~A s~id d~rnand d ~M Mlortqsyee fa • pa~od of th~rty (~0)
~n, sh~ll consrnur~ • breach of Mis mwiq+pe, u+d. ~t tM option o/ HN Mortyape~, immed~Htly rnatw~ th~ entir~ sn+ount of pnndvel a~d int~.~sr Aer~by
~ec~~ed. •~d ~mTe~~a!eiy a~d .v~rharf notiee, tM /No.~yaq~ m~Y imtitv» poe~ed~nys to lasclos~ th~s maty~qa ~nd ~pply fw M• •ooo~~`R•^~ of e Re:e~._r.
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