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TO HAVE AND TO HOtD the same, together with the tenements, hereditaments and appurtenances, unro the
Mortgagee, in fee simple. _
AND the Mo?tgagor dces hereby covenant with the Mo~tgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful ~ight 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, hotd, occupy and enjoy said land; that said land is f~ee
from all incumbrances; that he will make such further assurances to protect the fee simple title to said land in the
Mo~tgagee as may reasonably be ~equired; that he does hereby fully warrant the title to said land and will defend the
same against the lawful claims of all persons whomsceve?.
PROVIDED, AIWAYS, that if the Mortgagor shall pay unto the Mortyagee the certain promissory note of which the
following i~ words and figures is a true copy, to-wit: -
~ COMMUNITY FECERAL SAVINGS AND LOAN ASSOCtATION Of RIVIERA BEACH
~ '
` C'~IIx#~M~B ~D#P
f
I ''r~ ,aiviEw? e~?ct+, fIORIDA September ~ c~ , i9 7 2.
6eing indebtcd, fu vdue rcceived, the undersgned ioantly ~nd seve?ally promiu b psy to COMMUNIiY FEOERAL SAVINGS AND
~ IOAN ASSOCIATION Of RIVIERA BEACH ~t iri offioe in the City of Rivier~ Be+ch, Florid~, or wder, the swn of TWENTY
I
;THOUSAND AND NO/100--------------------------"-------DO1~s~ 20,000.00 )
i roye~F~er wirh interest therea+ ss hereinafter st~ted in monthly installmtms of One Hundred Fifty-Seven and
! 47/100------- ~^RS ~ 157 . 47 The fint it~st~llment shall be d~e and pay~ble on tht tenth _
, ~nd s~bsequent inst~llments sFull be due and payabk on tF~e tenth
~ d.Y or November ~9 72
d~y of each and every c~knd~r month thtresfter u~til tht printipal ~nd interest are fully paid.
; lsrger svms m~y be paid at any time, but the p~yment of •~y s~ch larger sums in addition to th~ payments herein required shall
' not relieve the makers of the psyment of the monthly instsllments herein provided fw, unless it is speciiically stipulated by the maktrs ~t the
t~me of payrt+ent that such larger sums are to be appl~ed to tF~e advance payment of the monthly installments next maturing in the wder o~
~ the~r due da?es. All payments made upon this note shall be applied fint to the paymtnt of atcrued interest and secondly vpon the princip~~•
` This obligstion shall bear interest from date at the r~te of seven & tW0-tenths PK 7. 2 X'~
pe. ~~num unti! the principat and interest ue fully paid.
~ Interest fw each calendar month shall be scuucd on the fi?st day of said month ~nd be computed on the unp+id bslance of princ~pal
i and intcrest ex~sting on the last day of the Rreceding momh. This note shall be cons~dered in def~vlt when any p~Ymen1 requ~red ~o be
, made he?eunder shall not Aave been made within thirty dsys following its due datt and shall rem~in in default ~ntil said p~ymem sh~~~
have becn msde. While in defsult, th~s nore shall bear interest at the ~~te of 10°,~. per ~nnum in ~ieu of the rate hereinbefwe specifi~d.
All makers and endorsers now w hereafter becoming parties hereto jointly •nd severally waive den~nd, notice of non-paymeM ~nd
` protest, and agree that in the event of def~ult in the paymem of sny ins~allment due hereunder tl+e whok of said indebtedness sh~ll the?e-
; upon at the option of the holder, become immediately due and payabk, and if this note becomes i~ def~ult ~nd is pliced in the h~nds
of an snorney for wlledion, to pay reason~ble attorney i fees +nd a~~ o~her costs foe making such colkction_
i This ~ofe may be prepaid in whok or i?~ paA sr any ~ime witFw~+t pendtp.
i ~ ~/._Edward___T. _ Daniel _Jr_~..______.~?u
' I EDWARD T. DANIELS, JR.
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i i S Carol_W. Daniels_____.___.________.______
~ l ~ CAROL W . DANIELS ~u
~ ~ ~ - -------ts~?u
~ ;(This ~ote is secured by • mortgaye of even date executed by ~he m~ker< in ir+ar of Community Feder~l $avingi end loan Assn. of Rivier~ Bead?)
and shall promptly perform, comply with, and abide by each and every ihe 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:
t
1. io pa~ aM and iuiq~lar tM pincipal snd imne~t ~nd other sums of moneY v+Y+ble by virtue of said promissory note and this mortq~ye, w eithn, promptlY
on IM d~ri respettively, tM same stvsrsllp coe~e due.
7 to paY +~d s~~syulu ~he ~a.es, assessmenh, lev~es, hab.l~~~es, obbga~~ons and ~ncvmbances of wery na~urc on sa~a aesuibed prope.ey exh and every
when d.,e ~nd paWD~c aceo.d~ng ~o taw, befwe ~hey becane debr+oven+, and ~f ~he same shall nm be v~a++pt~v pa~d rhe µortgagee mev any r~me either befwe
or af~er deLnquencv pay ~he ssme w~~F.oa~ wa~v~nq w ~Hec~~nq the op~~on to forectost, w anr ngAr hereu~der. and e+rr ~aymenr so made shall bea~ m~eres~ from
~.b •~e da•e ~hc~eo~ ar ~he ra~e D•ov.ded ~n sa~d prom~sso~y no~e !
~ 3 io ke~p tht bu~ld~nfls ~nd atl eqvipment and personsl poperty now w Ae~e~(ter on ss~d w~mises, covxed by th~s mor~gsq~, insured in • sum H ksst ~/1
eowl to the unpaid bal~nu of this mor~g+ge, includ:rq fir~, ea~e~ded cwerage md vandal~sm u~d m~lic.o~s ~nw.ance as to propert~es otAer tha~ dwelli~qt, and ~f~ ~
ngs tliyble i« sucA b~oade~ed cover_~e - prov~ded, Aowever, tMt such ins~x~nc~ b~ in r~,~
~ f~re, e,tended cove~ape snd specis~ ~am o~lxr perils inswsnc~ on dwelli 1` i
amount wi(~cient ~o ca'~M with any co-inswanc~ rp~~remtnb coverinq s~me vnder fM lawt o( t!w ~rat~ of Fta~da, and prwided fwther thar the policy w pol~tiei v~
;
~ sMll be wrinM in a cornpsny a compania ~nd tMo~9h ~n ~pency ss~islxtory to the Allwtyayee and that asid palicy a policies shall b~ held by tM Matqsqs~ \.\l
•nd aMtl besr s s~a~dsrd fV~w Y«k Mortysqee Claus~ withou~ contrib~rtion, mskinq rhe Iou ~nder said pohcies p+Yable to the Mortqaqe~ u ib intere~t may appex; J
and in tM evem ~nY su~n of monty becanes p+yable ~nder ~ny such poticy a po~icies, fhe Mwl9aqee shatl hsve tM option to receiv~ ~nd apply the s~rn~ on ~
xco~w~t of the indebtedness hereby stcvred, a to p~rmit tM Abrtysqor ro rec~ive and use ~t, or any part thereof, fo~ orher pwposta, witlw~t Mereby wsivinp ~
w:mp~~rinq ~nY equity, lim, or ~ight vmier and b1r virtw of this mwt9sqe: snd :n the event ~I~e Mwt9syor does not cwnply with ~F~is covenant, tM Nbrtg~gee f^
rruy plx~ and psY fw such insw~nce, a mr pxt thereol, withwt wa~vin9 a~ff~ct~nq M~ option ~o t«alose, a~ny riyht I~e.evnder and tfie fvl! anww+t of e~ch
and evwr such paymenf sfi~ll b~ imnwdiately c'ut ~nd p~Y~bl~ a~d ahall be~t inle~est frpn ~he date Nxreof until paid a~ ~he r~ie providtd in ssid noN and loqethe? ~
witA svcA inlerest sh~ll b~ sK~wW by tM I~~n o/ thif ~nwty~ye.
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1. TAeI iwrfOop~~. ~ior, o~ o~r K~ dvriey M» worqop~ t~rw, ond in iM diic~Nion, oPplr !or r~nwrd oi ~ortyop~ ooaraMr in~urowc~ cewrin~ tM
wa.~poy. •¦.cv~.d br eA. ~nd..s~~.d on ~~~n dot~ AerewitA, pop tM premivn~s dw by rwwn fMr~o(. ond r~qvi~~ r~parMnt by tlw ~nd~niOn~d el
~ucA onwvnb m are od~onc~d by w:d ~ort9oy~e. In ~Ae eve~t oi foilur~ br the und~rsipn~d to r~por wid oiwounb to wid iwor~yeyN. ~rcM (oilvr~ ~Aoll
b~ con~id~r~d o defo~N, ond oll prorisions of rM note ond awrt9oye with reyord eo d~lovlt ~ol) b~ opp~kobl~.
S. To ptrmit, comrnit a svff~r no w~st~, imp~~rment a deteriwation of uid prop~rry, a N+Y p+rt ther~of. ~nd ~rpon tM /aitwt of IM ~nort~qot lo k~ep /M
b~ilA~nqa on uid pap~rtp in pood cond~tim o/ rpair, tM lNorlpa9N eMY d~eMnd tM imnediit~ reWir of said bvild~nqs, a~n :ncre~s~ in th~ art~ax~t of sectiriry, a
~ tlr• invrwdl~t~ rp~rm~nt of Nw debt Aereb~r ~acwtd ~nd fM f~il~r~ o( tlw Abrt~pw ro compty w~th ss~d d~nd of tM Mwtyaqe~ fa s p~riod of thirty (30)
~ dar+, sh~Il consnw» a breach of this n+orfp+q~, a~d. ~t tM op~:an o1 11r Mwty+qM, immed~a~ety m~twe th~ ~m~r~ ~mwn+t of r~nup~l ~nd im~rnt hereby
ucured ~~d ~~*~^.e~•etely e~d w~thov/ notice, tM Ma~y~pN may insfiNN poc~edmqf b fa~clos~ tA~s morty~pa ~nd pply ip th• •ppo~nfr.~er+~ a1 a Rrce~~er. as
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