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TO HAVE AND TO HOID the same, together with the tenements, hereditaments and appurtenances, u~b the ;
Mortgagee, in fee simple. ~
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AND the Mortgagor does 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 land; that said land is free
from all incumbrances; that he will make such furth~r assuronces to protect the fee simple title to said land i~ the `
Mortgagee as may reasonably be required; that he does hereby fully warraM the title to said land and will defend the
same against the lawful claims of all persons whomscever. ±
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PROVIDED, AIWAYS, that if the Mortgagor shal) pay unto the Mortgagee the ce?tain promissory note of w.hich the '
following in words and figures is a true copy, to-wit: '
' COMMUNITY fEDERAL SAVINGS AND LOAN ASSOCIATION Of RIVIERA BEACH
~ IIr# ~ P D#E
f c~ ~ ~ ~
~ aiviEaw e~?c.r+, FLORIDA September ~ , 19 72.
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B~inq indebted, for v~lue received, th~ v~rs~yn~d jointly snd severally promise to pay to COMMUNITY FE~ERAL SAVINGS AND
I LOAN ASSOCIATION OF RIVIERA B~ACH at ib offioe in the Gty of R'wiaa Beach, fbrid~, a ader, the awn of ~JENTY-FIVE
~ THOUSAND AND NO/100----------------------------------~~ ~ 25,000.00 )
i roye~her w~eh i~~eres~ ~hereon ~s hereinaf~er sated tn monthy instdlm~ms of Ori@ Hundred Seventy-Three and
~ 52/100------- ~~s ~ 173. 52 The first ieat~tlrn~nt shall be dw and pay~bk ~ tenth
; d•r of January 19 73 and subsequcnt ins~~llrrKms sh+ll be due and psyabk on ++x tenth
' d+y of each and every uknd~r month theresher until tM principal ~nd interest ~n fully p~id. i
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i larger sums m+y be p+kf at sny Iime, but the payment of any such larger sums in sddition to fhe payments herein reqvired sMll
: not relieve the maker: of the payment of the monthly instsllments herein provided for, unku it is specificelly stipulNed by the mak~n ~t the
; r~me of p~yment thst such lar9er sums are to be spplied to the advance psymeM gf the monthly instsllments next maturing in tFK wde~ of
theK due dates. All psyments madc upon tF~is note shall be applied first to the payment of acaued interest snd secondly ~pon tl+e priecip~~•
, This obligation sFull besr interest from date at the rate of S1X & eight-tenths P~? p^t ~ 6. 8 ~
~ per mnum until the printipal ~nd interest ~n fully p~id. i
j Interest tor each caleodar momh shall be scuued oo tF?e fi?st day of said month snd be computed o~ tF~e unpaid balance of princ~pal ~
i and interest ex]sting on the last day of the prcccdir.g month. This note sMll be considered in default when ~ny p~ymeM required to be ~
i made hereunder shall not hsve been made within thi~ty d~ys ~olbwiny its due date ~nd shall remain in default vntit s~id p~yment sh~ll ~
have been made. While in default, th~s note shall bear interest ~t the r~te of 109fi per annum in lieu of the ~ate hereinbefa~ spedfi~d. ~
All maken and endorsen now o? heroafter becomin9 puties herero jointly ~nd severally w~ive den~nd, notice of non-payment ~nd {
' protest, snd ~gree that in the event of default in the payment of any ins~dlment due henunder the whok of said indebtedness shall thert
upon at the option of the holder, become immediately due and payabk, snd if this note becomes in defsvlt ~nd K PIKld in the hands
f ~ of an anorney for wlkcfion, to pay reasonable sttwne~s fets and all ofher costs foe making such colkction.
I ; This note may be p?epsid in whole w ir+ psrt at any rime wi~hovt pen~hy. '
't}C~l~ •~4K~ ?t• ~r. ~ +7'r s. :
i I _Sf.---R K~43l~ 1A~ .R~?U ~
~ ' R ' ~R'ii A1 1:~1l.
~ ~ •-~.ittMi~i~~ ~ti:.. (SE/?q
~ ~ :,1t J M 11t~11E~1 ~ 21N'~
~ S~ B~'t.~~~S~QS~i._._._.__._.__.---------(s~/?U _
~ BETTY J, GOW ;
~ -------~csEn~)
~(This note is ucvred by • mortga9e of even date e:ecvted br ~he make?~ irs favor of Comnwnity Federal S+vin~i u?d loan Assn. of Rivier~ BeK~)
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 dces hereby covenant and agree:
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ro wr ~M +^d s"v~Wt+r ~I+~ D~i~ip~l ~nd i11tNMt snd otAer sums of money parable by v~rtue of said pranissory nae snd this mortqsy~, w~iN+er, poapflr f
u+ tM d~ps raap~ctivelY, th~ s~m~ s~verallp cane d~~.
2 to paY all and s~nq~lx rhe raaes. sssessments. tev~es. I~ab~l~nes, obl~ganons and .rKU~nMa~xca of rvery narure on sa~o aexr~bed properry exA and e~rery .
«hen due and pavaEle acco.dmg ro Isw. Ae(ore ~hev become dchnquem, and ~f ~he same shall not ~e prompily pa~d ~he Mortgaqee msv at any r~me a~her be/ae .
aAa deLnq~encv pay ~he ssme w~rhour w~~v~n9 w alfecnng tAe opt~on to fwedose. o~ snv ngM ~erevnde., and cvery paymen~ so made s~all bear inreresl from
~ •~e da~e ~he~eof at ~he .ate po~~~ded m sa~d p~omnso.y rro~e ~
; 3. To kep the bu~ld~nya snd all puipment and pertonat poperty rww p hne~iter on said prrm:sea, cov~red by t~is mwtgaq~, inswed in a swn ~t le~st
eaw~ b tM w~paid bs4nc~ of this mort~ge, includ~nq fin, eatended cwer~ge snd vsndalism snd mal:uo~s insu.ante as to poperties othtr than dwelliegs, and
f~re, eatended coversg~ and specist iwm aher perils irnwa~c~ on dwell~n9s eligbk fa s~ch bwdened cover_~e-prov~ded. Aowwer, tMt s~ch ina~tant~ b~ i~
imow+t wtiicienr ro car.~ply witA sny co-inswsnc~ rp~iremems coverinq same under M~e taws of the ;ut~ oi Florid~, u~d prov:ded fuitAer M+st the poticy w potici~s ~
sha11 Ee wrin~n in • comp+ny a companits and Nuo~yh ~n ~qency ss~isfxtory to ?M Mwf9a9et and tMt said policy or policiea sMll b~ held by ~M Mwtysy~e ~ ~
and sh~ll bt~r a standxd tVew York Mwtyaq~e Clavs~ withwt co~triart~an, makinq the lou w~der said pol~cies WY+~ to the Matqpe~ as ih inte~~sf msy +ppex: ~ -
and in tM ewm ~ny su+n of mwiey becomes psY+~ any sucA policy or po~~eies, the Mo??gagc~ sMll Aave the optio~ Io rec~iw ~nd apply tM s+n+~ on ~ ~
accoun~ o/ IM indebt~dness her~by stcwed, a ~o permit Ih~ Mortq~pw ro receiv~ and vse ~t, w any parl Mxeo(, (a otAer qxposn, without tMreby wirvir~ t
or im~»irinq arry equily, lien, w~i9ht umler and by virtw of this Rwrt9~pe; ~nd in the event the Monq~qor does noe comply wiN+ ~h~s coven~nl, th~ Mwty~ye~ c
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may plac~ ~nd p+y far wch inswsnc~, a ~nr p+N ~er~oi, withovt wsiviny a affactiny ~M opt~on ro fa~clw~, a~ny riqh+ Ae.s~nJer snd the f~Il ~maint of e~cfi ~ t
sn0 ~vwy sud~ paynrnt shall be ~~,.d'ukly c~,. and wr+w. snd ai+.u bea. inre+est /rom tM date H+ereof ~rntil paid at the rate prwided in said nott ~nd toge~ 6 ~
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wirh s~cA inlerdt tMll b~ stturto by Iht I~~n of tl~is morl9ay~. 3
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4. ?Aet ~N. ~wp, ot wr fi~ dvriiq fM wonqo~ Nrw, ond in i~s di~cr~tion, opplp !w ~~w~rd ol wwqo~ qvwowb i~~vro~c~ cowri~ fM O~
I~W?100~~ ~tKW~ br /IN Ynd~rfipn~ on ~vtn daN A~r~rrith, pop 1M pr~iuiuwn dw br r~oson fMr~of, oed ~p~ir~ r~por~~f bp fM vwd~niqMA oi A 1
iuc1~ onwunh as or• ad+onced br wid rnortpope~. In tAe event o( (ail~re by Ibe Y~I~ILi~Md 10 r~por wid oinovnb M wid nw~t9o~~, svcl~ (oaun ~Iwll ~'~i ~
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b~ cows+d~r~d o dt~avlt, onA oll pro~isiona of fbe noh ond wort9ope ~ritA repord ro d~fault stqll b~ opplicabl~. OC J
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S. To permit, caninit a s~ff~? no wast~, imqirmem a de~e.ia~tio~ o/ sa~d Prop~rty, or ~ny ps~? N,~rwi. ~nd upon ~M (~ihn~ 01 N+~ monq~pa a k~ep fM ~
b~iidinys on uid popaty in pood ca~d~hoe~ of rpair. tM Mwty~qM n~r d~erwd tlw inwnediaN rep~ir o1 said b~~ld:nqs. w~n incieas~ :n tM ~mouM of secwity. o~ ~
th~ imm~di~N rp~ymant oF tM deW I+ereby secw~d ~nd tM fsilw~ of tM Mortp~qa w cwnply with s~id danw~d of th~ Mortp~qee fw • p~riod of thim (30)
d~rt, ahatl consf~rv» a breuh ol thi~ Tort9ap~, u~d. ~t tM op~~on of flw Mwt9+9N, iinm~diately nwt~rr~ ~M entir~ ~nw~wd of w~~+cip~l wd inNr~st her~b~r
tectved, •nd im.~r~~arefy ~nd wi~hpA notice, tM AAo~tpap~~ nNy instiM~ ptoc~edirps ro for~clos~ this mwtq~p~ ~nd apply fw tM ~ppointm.ent of • Ret~+Y~r.
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