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TO HAVE AND TO HOLD the same, togethe~ with the tenements, hereditainents and appurtenances, ~nto the
Mortgagee, in fee simpie.
AND the Mortgagor dces hereby covenant with the Morigagee ihat 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 upo~:, hold, occupy and enjoy said land; that said land is free
from all incumbrances; that he will make such fu~ther assurances to protect the fee simple title to said tand in the
Mortgagee as may reasonably be required; that he dces hereby fully warrant the title to said land and will defend the
same against the lawfu) claims of all persons whomsoeve~.
PROVIDED, AIWAYS, that if the Mortgagor shall pay unto the Mortgagee the ce~tain promissory note of which the
following in words and figures is a true copy, to-wit:
~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION Of RIVIERA BEACH
I
I
( C~R~x#~tI~P ~OtP
~ RIVIERA BEACH, FIORIDA September Z~ ~ 19 7 2.
Being indcbted, fw v~lve rcccived, the unders~gned jointly ~nd severally promtse ~o pay to COh1.N1UNITY FEDERAL SAVINGS AND
IOAN ASSOCIATION OF RIVIERA BEACH ~t iri offiu i~ the City of Rivie?a 6each, Floride, a order, the sum of TEN THOUSAND
i AND NO/100------------------------------------------ uotu?ascs 10,000.00)
, roge+hcr w~th ~ntera~ ~hercon as hereinafre. stated ~n monthly insbltrt~eefs of Seventy-$1X and 34/100-------
' -------------DOUARS (i 76. 34 The fint ient~llment shall be due and payabk on the tenth
~ d~y of February 1973 snd subseqvent installments shsll be due and psyabk ~~tenth
d~y oi each and every calendar month there+fter until the printipal and interest are fully paid.
; large~ sums may be psid at any time, but the payment of any :uch larger sums in addition to the payments here~n required shall
not relieve the makers of the payment of the monthly installme~ts herein provided for, untess it is specifically stipulated by the makers ~t the
r~me of payment that such larqer sums are to be applied to the advance payment of the monthly installments next maluring in the ader of
~ rhe~r due datei. All payments ~++ade upon th~s note shsll be applied first to the payment of ~ccrued ~~teres~ and secondly vpon the principsl-
Th~s obligstion shall bear interest from date st the rate of S1X & eight-tenths per c~M ( 6. 8
per •n~um until the principal and interest ere fully paid.
Interest for each calendar month shsll be sccrued on the f;rst day of sald month end be computed on the unpaid balanu of pri~c~pal
and inrerest ex~sting on the last dsy of the precedfng month. Th~s .^.ote ahall be cons~dered in default when ~ny payment requ~red to be
made hereunder shall not hare been made within thirty days folbwing its duc date and shsll remsin in default ~ntil said payment sMll
have been made. Wh~le in default, th:s note shall bear interest at the r+te of 10~ per annum in lieu of the rate hereinbefore specified_
All makers and endorsers now hereafter becoming parties hereto jointly and uverally waive dervind, notice of non-payment ~nd
protest, and agree that in tFx event of default in the payment of any installment due hereunder the whole of said indebtedness sh~ll there-
~po~ at the option of fhe holder, become imrtudiately due and peyable, and if this note becomes i~ defsu~t ~nd is placed in the hands
! of an snorney for collectan, to pay reaso~able atrorney's fees and all other costs for making such collection.
I This oote msy be prepaid in whole or in paA at any time wirhout pendfy.
f ~ - S~ -_~I~II.--~8II.E9~-------------- •-------~.(SEAI)
~ ! JOHN DANEGA
; . (s~W
- - - -
-
~ ~
~ ' _.5~._. F.~ t;h c~r.--~dIIS-g~-------- ~l)
ESTHER DANEGA
i - - _ -(SEAII
~(This note a secvred by • mortgage of even dste execwed by ~he make?<_ ~n fr•+ar of Community Federal Savingi end loan Assn. of Rivier~ Bexh)
and shall promptly perform, comQly 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:
1. Io ps~ aN and sin9u4r the pr~nc~pal ~nd interest ~nd othe~ sums of money pa~able by virtue o( x~d prom~ssory note and this mo~tgye, a eitlxr, promptty
cn tM d~ys respectively. tMe same severslly cortw dw.
1 to p+y alt and s~nqular ~~e ra•es, asseumen~s. 1ev~ea, Lab.hf~es, obhga~~ons and ~nc~mb.ences o~ .~very ~arure on sa~o oescnbed woDer~Y exh artd every
~ ~..hen d.,e •nd payaAte auwd~nq ~o iaw. Aefore .hey become de~~naven~, and ~f ~he samr shall nor b. nromprly pa~d ~he Nbrrqagee may ar any ume e~+her beio.e
~ a1~e. del~nqvencr [~ay rte same w:ehour wa~vmg o. a~fecr~nq ~~e opnon fo lo.eclose. o• any nq~r 1+ero.,~de.. ~r+d eve~v eaymcnf so made sha11 bea~ mreresr from
~^r Ca•t rF.~reof ar N.e raee oro.~ded m sa~d p.om~sso~y nore
~
x ] To kep the buld~nc~s ~rtd a11 equipmeM ~nd penonsl property now p hereafter on eaid prrmises, covrred by ~n1s mafqs9e, insored in a svm ~t Itsst
~ eowl to tAe ur~paid ba4nce of tAis mortya9e, indvd~ng f~r~, eatended co.nsge ~nd vsndat:sm u~d maLc~ous ~nsu.ance as to properues otbe~ th~n dwellinys, ~nd
i~ie, e.tended coverage and speu+l 1o~m other per8s insw~nc~ on dwelGngs eliqble for sacA brwdened cover_ ~e - prov~ded, however, that s~ch inswsnc~ b~ in
~ ~mount sulf~cient to comply wlth any co-insuranc~ reqviremenh corcrinq same vndcr N~s law~ of tbe :~+t~ of Fla~da, ~nd pov~ded /urrher thst the poRicy w poticies
sMll be wrnten in a company w[ompan~ss ~e~d throuqh ~n ~yency satis(xtory to the Mar9agee a~d that said policy w pol~c~es shsll b~ held bY tM Mwt9~yee ~
~ •~d sh~tl be~~ • s~+ndxd New Yak A4ortp~ye~ Clavs~ wi~how cortr~b~rt:on, mak;ny the loss under se~d pohcies payable to the JMortq~qe~ as its ~n~HHt may sppeu; ~
~ a~d in the event ~ny sum oI money becomes pay~ble under ~ny svch poticy p po~ieies, fhe Mortgaqee sl~itl have tAe optian to receive and ~pply fM urrr on
accovnt of ~I~e indeb~edness here~y secured, w ~o pe~mit Mre Mortyayw to receive and uie ~f, w any part the~eof, tor o~Aer pwposes, withav~ tl~eby w~ivinq ~
L~~~ a impa~~inq ~nY eqvilY. I~en, a righ~ unclei ~nd Ey rir~w of this mwtpaq~; and in the event the Mortqaqor dots ~ot comply w~th this covenaM, iM Mwfg~ge~
v~L may Plxe ~nd psy fa s~ch inswarce. « a~v P+rt thereof, w~thoul wa~viny o~ ali~ttinq fh~ option to fwatlose, d ~ny nqF~f he.evnder snd the full ~maint of exM ~ -
~ " and evwr s~cA paymsnt sAall be immdiatel c~w u~d
Y WYaW~ and ~tl beu inreres~ irom the date t?Kreof until paid at ~he rate prov~ded in said not~ r+d together
~ wirl~ s~cA internt shatl b~ secww by tM I~en ol this mortq~ye.
A' 1. TAe1 at m tirw dvri tM t~rw, ond in ib dittretion, o !w, r~nw~ol o( • uoron inf~rowc~ ce~~ri Nw
~ ~qop••• ~r. r ~v vdr 4 h ~w
narroop~ •:.c~+.d br N~. ~~d•nq~.d on ~rtn dote Aererrith, poy tbe premiu~s dv~ by r~own tMreof, ond r~q~ir~ repopnNnt bp tM und~?sipw~d ol
e such o~ounls os or• ad~onced br so~d mortpope~ In ~Ae e~enf o1 (o~lu~e br th~ vnd~rsipned b repar wid onaunts ~o wid ~o~tpop~~, tucb foilur~ ~holl
z b~ consid~r~d o defavl~, ond oll prori~ions o} t6e not~ and awrt9oye w~rh rcpard to ddorlt slwll b~ opplicobl~.
a
OaO
S. To
p~rm~t, comm~t o~ svff~r no wstt~, irrp~lrmenl p dNe.ia~hon of s~id Drop~~tY. p sny p~.1 tAtreof. ~nd upon ~M flilw~ o/ tM morlqapW lo k~ep th~
b~ild~nqs on uid propat~ in qood <o~d~lion ol rM•"• tM Maty~qe~ rrwY d~mand if+~ immediaet reo+~r of sa~d •'~d~nqf, o~ •n incre~s~ in tl~~ ~rt~wx~l o} atcwih, a
th~ immtdiah rpayment of tM debf hereby tN ~nd tM f~ilw~ of tM Morfp~pw to canply w~th said nd oi th~ Mat~qee (w • pK:od of th~rty (3p)
days, sMll cons+n~e~ • be~ch of this mortqaqe, «d, ~t tM opuon ot tM Mort9apee, imrrKd~~Nly mature emirt ~movnt oi pr7ncip~I and irouest hereby
sec~_.cd. and ~r.,~^e~~ate'y snd w~~havl nptice, iM Morfy~pe~ rewY ia~fifvN poc~ed~nqf lo forecbs~ tA~s mortqapa aod ~pply ~a tl+~ aDPo~^r^~•^r ci a Rece!.e., ae
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