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TO HAVE AND TO HOtD the same, together with the tenements, hereditaments ~and appurtenances, u~to the
Mortgagee, in fee simple. ~
AND the Mortgagor dces he~eby covenant with the Mortgagee 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 e~te? upon, hold, occupy and enjoy said land; that said land is free
from all incumbrances; that he will make such further assurances to protect the fee simple title to said land in the
Mortgagee as may reasonably be ~equired; that he does hereby fully warront the title to said la~d and will defend the
same against the lawful claims of all persons whomsoeve~.
PROVIDED, ALWAYS, that if tfie Mortgagor shall pay unto the Mortgagee the certain promissory note of whith the
following in words and figures is s irue ~copy, to-wit: ~
f COMMUNITY fEDERAL SAVINGS AND tOAN ASSOCIATION QF RIVIERA BEACH
~
` ~~IIr#~~~e ~o#E
~ a~v~Faw e~?ca, FIORIDA November r, ~v 7 2
; Beiny indebted, fw value received, tl+e urKlersgned iaMly and severally prom~se to pay to CONUNUNIiY FEDERA~ SAVINGS ANO
~ IOAN ASSOCIATION OF RIVIERA BEACH ~t its office in the Cty of Riviera Be~cfi, fbrida, a ordsr, the sum ofTWENTY-ONE
~
; THOUSAND SIX HUNDRED AND NO/100-----^-----------~---cou~RS cs 21,600.00 )
, w9~?~,.. W~fh ;~K.~+ ~~.~o~+ hereinaf~a :~.+~d ~ m«+tni„ ~~,.n~.on o~ One Hundred Fifty-Five and
- ~ 44/100~------~~5 ~ 155 . 44 1• The first i~tdlment sh~ll be due and pey~ble ~ tenth
~
, day oi Deeember 19 72 and svbsequeat instdlmems slull be dve s~+J p~yab4 a? ~ tenth
' d~y o( exh and everyr ukndar month thcreafter until the princip~l and intaest ue fully paid.
; l~r~r s~ms may be paid et ~ny f'~me, but the payment of any svch Isrger sums in additio~ to tFk p+ymmts hcrein requirsd shall
• not relieve the mskers of the p+yment of the monthly i~utallments herein provided for, ~rnless it is specifically :tipulated by the makers at the
t~me of payment that such larger sums are to be applied to the adva~ce psyment of the monthly instsllments r+ext m+turing in tl+~ o?der of
~heir due dates. All payme~ts n+ade upon this note shall be applied fint to the p~yment of ~cvued interest and secondly vpon tt+e principaL ~
lhis obliqstion shall bear i~te?est from date at the rate of seven Sc tW0-tenths per nM ( 7. 2 y~)
pcr +nnum until the principal ard interest ue fully paid.
i Interest for exh cskndar month shall be acvued on the first day of said month ~nd be computed on the unpaid balsnce of princ~pal
I ar+d interest existing on the last day of the preced~ng month. This oote sMll be cons~dercd in default when +ny payment ~eq~ired to be
t made hereunder shall not hava been made within thirty days folbwiny its dve d~te and shall r~msin in def~ult v~til s~id peyment sM11
' have been msde. Whik in def~uh, th:s note shatl bear interest ~t the rate of 109L per ~nnum in liev of the rate herainbefore specified.
All makers end endorsen now or hercafter becoming puties hereto jointly ~nd severally wsive derur?d, notice of ~o~-paymem +nd
' profest, and. sgrce that in the event of default in the payment of any installment due hereunder the wFak of said indebtedness shall therc-
upw~ at the optiw~ oi the holder, becane imrncdiately due and payabk, snd if ~Mis note bemmes in default and is pbced in the Fwnds
of ~n •norney for aolkction, to p~y reasonable attwney's fees and all othsr costs for rtuking such colkdion.
; This note may be prepaid in whok or in paA at any ~une witlw~e pen.lry.
; i _S_/__:. F~€4~_~:-~~7`~
--------_-__is~?u
~ ~ FRED J. APEL °
_~.cs~W ~
~ ! ~--J~~--A-= A-pel -------------~_.---------cs~?u 1
~ JOYCE A. APEL
i _ ---------..lSEAI) i
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~(This note is ucured by • mort~age of even date eaecvted by ~he m~ke?s in ir+or oi Comrtwnity Federal Sevingi and lwn Assn. of Rivier~ 8eath?
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and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and {
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covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void. ;
AND ihe Mortgagor dces hereby covena~t and agree:
~ 1. To wr +h +~d sinyulu tl» prindpal ~nd ~nterest and otAer sums of ~er wr+bie by vinue o( s~id prom~ssory note and this mwtya9e, a ~ither, prompth
on IM daps resp~ttively. Mt same s~ver~lty tome dw. ;
~ 2 To pay +11 +nd s~ngulx ~Ae ~~.es, assessmtnts, Itv.es, Lebl~nes, ob6g+hons and ~nc~mbrances of ~very ou~re o.~ saw oescnDed propeny exh and every ~
~ n~~en d~e ~nd wYaOte xcwdmq ~o ~a,ir, belae thev become deLnquen~, and ~f ~he ai~*+e sha~l .wr be p.ompily oa~d rhe 1Norrgagee may ar any ~~me e~the~ befwe -
r site~ deLnquerxy wY *~~e ssme w~~hwf w~mnq o. •tlecnng fAe opuon ro Iwet~ose, a anr ~19~r here~nder, and every paymmr so made shalt bear lnteresl from
~^e da~e +hereof ar ~he rate Wo.~dcd ~n fa~d p.om~sswy note
~ 3. 1o kep ehe bu~ld~ngs ~nd atl e~ipment and personal properh now p hereafter on said pem~ses, cov~ed by th~s .nwtq~g~, insured in • suin ~t ki~t
' eawl to tAe ue~psid b~4nc~ of Mis mortg~ye, inctud~ny fire, eatmded covn~ge and vsndal~sm and maliuous insurance as to proper?;es other tMn dw~llinys. ~nd
+ (~re, e+fended cover~ and speci~l form other peril~ inswinc~ on dwellir+gs eliqible fa such bwdened cover_~e - prov;ded, Aowever, ehat svch insvr~nc~ b~ iem
~mo~nt a~r(ficient to comply witA sny co-inswae~c~ rpviremenh cmrerinq ssme vnder eM I~ws of the _u» of Flor~da, and p~wided fwther rhat the policy w polities
~ +hall be writtan in • comprny or co.npanits and thro~yh ~n ayency satisfxtory fo tM Mwr9spee snd th~t ssid policy a policies sMll b~ held by tM Mwtpsqee ~
~z and sMtl bear • sHndrd New Yak Mwt9sqee Gla~s~ withwt cont?ibw~on, ma4~nq Me lou w~der ss~d Pot~c~es wr•bte to ehe Mwtqpe~ u ih intaeat may appear; ~.ri
~ and :n tlr evenf ~nY svm of moe.y beco.+~es wr+~ ~+~y s~ch pollcy w po?~cies. M~e Mwtgaqe~ sAali have iM op~ion to receiw ~nd ~pplr the ~arn~ on
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r_camt of ~he indedtedness her~by secwed, a to p~mit th~ M«tysyw to receive ~nd us~ ~t. a sny pa~t Nr_reof, fo? other pu?poaea, wiMo~t Mereby w~ivinq
w impairinq ~ny equiry, lien, ot right w+Je/ ~nd by virtw Oi Mis mptga9e: a~d in the event the Abrty~qor dota not Comply with this tovenaeN, th~ Mwty~ge~
~ rryy plac~ and p~Y fw auch inwranc~, w u+r wrt N~ereof, wiNqur waiviny w aff~c~inp tM option ro}O~KIof~. a sny riqht here~nder ~nd the fvll ~maint of ~xh
~ and evwr s~cfi paymant ~11 be inrn~diately ctiw ~nd prpa6le and shall be~r interest from the date thereo( vntil paid at the rate povided in said non and togefher !h
~ wit? sucA inMes~ sMll b~ sta+rb b7 Ih~ 6M oI this mwly~ye.
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~ I. ?A~~ wertyo~~. ~wp, of owr Ar dvrin~ tM iworpop~ hrw, ond in ib diu~~tan, oPplp for r~nrrd of waqop~ qrwoMp iwwronc~ cowri~y N»
~ awrt9o~~ ~:~cv~~d br NH vndersipn~d on ~~~w dot~ herwritM, poy fM premi~n~s dw br rwson tMreo}, owd r~qvin repayMnl b~r t1M uwd~nqw~d oi ~
~ i~ch osovnh w ore od.onced pr wid warlyopN. (n the ~~en~ of la:lvre by ~M uwd~rsiyn~d b r~pop wid o~ovnM ro soid rwortOoON. ~uch /eilvn sAoll
b~ cowsid~r~d o de~ovh, oed dl p~ovisions of tM nob onA wwrtpoqe ~ri1h r~yord to d~lo~rlt ~Iwll b~ opplicabb. Oz1I
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~ S. To pnm~t, canr~it w wNer no w~st~. :r~pa:rm~nt a dM~r:ar~t;on of said prop~rty, a x~y ps.~ ~hereof, ~nd ~pon eNe I~~fw~ of ~M m«tyayor ro k~ep tr ~
b~ildinq~ on wid popMtp in pood condtion of rpair, tM Mwtp~qe~ Tty d~nd tM im~nedd»~ rep~ir o/ said bv~lA~nqs, o? ~n incre~s~ i~ tM amoun~ 01 ~acwity, or ,
~ tlw inwn~di~r~ rp~yrn~m o1 th~ debt he?tby secur~d and Nw 1~ilut~ o( tM Mo~tpapw b compH wi~h sud d~inand d tM Mwty~qee Io? s pMiod o/ thi~ty (~C) g
~ d~v~, ahall conshr~r~ • breach of Nws rnwtp+p~. +~d. N tM opfion o/ Nw Morty~y», imm~d:a~ely m~twe tM enYa~ ~mo~nt oi princip~l ~nd inter~st her~b~r ~
- ~ec~•~.ed. ~~d ~~+~-ei:are'r +nd wlrhoul eofiee, tM Matp~yN enq irn6M~ proe~edinq~ to (w~cloN this mwl~p~ and applp fo~ tM ~opo~ntment o~ • Rece~~rr. ii
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