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TO HAVE AND TO HOtD the same, togethe~ with the tenements, hereditaments and appurtenances, unto ths
Mortgague, in fee simple. ~
AND the Mortgagor does hereby aovena~t with the Mo~tgagee that he is indefeatibly seized of said land in fee simple,
that he has full powe~ and lawful right to co~vey said land in fee simple as aforesaid; that it shall be lawful for the '
MoNgagee at all times peaoeably a~d quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from all incumbrances; that he will make such funher assuronces to p~otect the fee simple title to said land in the ,
Mortgagae as may reasonably bs ~equired; that he does he~eby fu11y warrant the title to said land and will defend the
same against the lawful claims of all pe~sons whomsoever.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the ce~tain promissory note of which the '
following in words and figures is s true copy, to-wit:
~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA sEACN '
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~Dr#~tt~e ~D#¢ ~
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~ RIVIERA dEACM. FtORIDA May ~Jl ~ 19 3. .
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~ ~inp i~d~bt~d, for valut rece~vsd. th~ vrwfersgn~d jointly snd ~rs~atly promise to wr fo COJNMUNIiY FEpERAI SAVINGS ANO
I IQAN ASSQCIATION OF RIVIERA eEACH d its oHia = the Gty ot R_'w_iM~ Be=h, Flwid~, a wder, th~ swn of FORTY THOUSAND ,
~ AND 00/100------------- - - -------------oo~w~scs40,000.00 ~ ~
; ?~t~»* w~~ ;~k...r ~.?~M•rk. :a+~a ~ ~+~n~r o~ ~o Hundred Ninety-Five and ~
60/100------~ou~RS cs 295 . 60 ~ n+. fK.t ~t.~~~+ ~,.u ~ ~a P.y.w. ~ ~ tenth ~
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~ a.,, ~r July iq 73 .~a :~~M ~~.i~m. ~,.u t~ ~~a P.,,~~. tenth ~
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' d~y of each u+d every c~iendar month th~w~ftar until tlK pirxipal and interest ari fully paid. t,
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~ t~~ tu~ru may M paid at ~ny tims, but tl+~ paymtnt of ~ny such I~rger sums h additian ro th~ payments hsrein rpvired sh~ll ~
not reli~ve the mak~n of th~ p~ym~nt of the mon~hly irutalMnents herein provided for, unkss it is apec;ficaly st~pulatd by th~ m~bn ~t the
~~m~ of payment that such luyer sums ~~e to be applied to the advance psymeM of tM monthly instsllmems m~ct en~twirg in 1h~ order of -
~ rhew dw dates. All payments mad~ upon this note sfisll be applied fint to th~ pay~r?~nt of acvved interest ~nd sscondly upon the piacip~L
ihis obliyation ~h~ll be~r interest from daq at thc ~ate ~r Seven & five-tenths ~ 7•5
per ~n~um until ths priexip~l and interest an fully p~id.
; Inrerest !a each ulendar month shall be- scvued on ~he fint day of asid month u~d b~ computed on the unp~id bal~nce oi princ~pal
: and imerest exi:tirg on the lut day of the preceding momh. Thi~ note ihall b~ cons~de?ed in defavlt whsn sny paymsnt nqvind eo b~
: made hereunder shsll not h~ve been m~de w~thie th'~rty days folbwinp in due dm and s1u11 remain in d~fwh until said p~ym~nt siwM ~
have been m~de. Wfiik in defwh, th;s note sh~tl beu interest ~t tht ~~tt of 10% per u~num in litu of th~ r~t~ h~ninbefort apecifi~d. ~
All maken and endorsen now or hereafter becomirg psrties hemto jointly ~nd stversly waiw d~rund, notiu of ewrp~ymcn~ and
protat, ~r~ ~rM that in the ~vent of dafault in the paymcnt of ~ny instaltment due hsrevndsr the whol~ of iaid indebtedneu sh~ll then-
~pon ar the option of the holder, become inunediatey due and payabk, and if ~Iws note becomes in defavlt u~d is pl~ced i~ ~Ir h+nd~
~ of an anort~ey for colkaion. ~o p.y roaon,bla mwney
s fea and all otF~ costs for makieg such colkction.
; This note may be prsp~id in whok or in psrr n anr ume withovr penahy.
~ ~ S/ MARIE A. MARCELLUS
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? ~ Marie~A. Marcellus
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~ ~(This note 's secued by • mor~~aye of even date executed bp the en~ken ~rs fawr of Cortununitp Fed~ral Savirgi ~nd Loan Assn. of R'wiera deu1~) ~
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~ and shall promptly perform, mmply 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 does hereby covenant and agree:
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i. lo psp all ard sinyulr th~ princip~l ~nd inNrat and other sums d mon~y p~rable by virtue of ~aid promissory rwte and this morty~p~, w~itfib, prow~ptly
~ on tM d~ys r~sv~c+iveh, eM swrr s~ver•Ilp cawr due.
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~ 2 To paY all aed sinq~lx Me t~aH. ~siMi~nlny. 1lv~ef. I~~lif~ls, obl.y~~~an y.d ~ncu.nb~ances of ~very naA,re on s~~d aescnbed pope~~y eacA and every .
+.~.e~ du~ and payaDle acad~nq eo law, betwe iher bacwne del~~qx~~. and ~f rhe same sMll nd be promp~ly pa;d N~e INorryaqee mar ~r ~ny r~me ei~her belp~e
~ ~f~ dehnq„encr paY rhe same w~~hou~ w~~nny o~ •ffec~~ng eAe op~~on to lweclose, a anY r~qh~ hereunAer. snd everY P+YR+Mt so madr sAall bea~ i~tnest fran ~
•-e da•e Me•eol at rhe r~re wo.~ded ~a tia~d prom~sswy .wte ~ .
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To kep the bu:ld.rps ~nd'sIl puipment and person~l poperty now a here~lter on uid prmiscs, cowed by this mong~y~, imur~d in a awn ~t least ~
e~ual to ~he unpa:d D~4nce of H+is mwtq~ge, inctud~rp fire, ea~erwfed coveraye ~nd vsnd~lis/n snA m~Iic~an imwanc~ ~s ro popenies otMr Nw~ dwelliny~. ~nd -
f~.e, s~tended coverag~ and speci~l fwm other psrils :rouranc~ on dw~llinqs sligbb~ fw such bosdened cwe~_ie - prwided. howh.er. M~t such iruKr~n b~ in
emoune suH:ci~nt ro comply with ~nY co-imwanc~ rp~iremenh cwer same vnder Nr I~ws of Hw ;ut~ oi Ftwida, and po ~cp
~^9 d wav:ded fwN~a Nrt tM 1' or policiw .
: th~11 b~ wrin~n in • canp+ny or .co~np~nies and tMouqh ~n aq~ncy s~tisl~cwry to qr Mlwtqspe~ ~nd thN s~:d policr w pol:ci~s sAall b~ held b~r Hw Matq~pw
and strll b~ar ~ stwdud Nrw Yoik AAo?tpaq~e Ctius~ wiN~aA contrilxnioe~, msk~nq Nx lou und~r sa~d pol~cief payab{e to the Mortqp~~ as ib inNr~st wuy ~ppe~r; .
and eM e~t ~ery sw~ oF mwwr bsc«nes P+Y+bM und~r anr sucl~ policp a Po~:c:~a, the Mwt9syee shall hav~ N~ oprion b rece~w snd apply tlw s~ on
accowH o! ~M :ndebNdness hev~Dy secw~d, w to p~rmit Mw Mwty~por b receiv~ snd us~ if, or +nY W~1 Msreof. ~a aher pu~poses. wid+wt tMrebp w~ivi ;
or i~rpairin9 +~Y ~W~h~, lien, or ~iyht w~f[r ~nd br virtw o} lhis mwt9Nr, and in fhe ev~nt the Nbrtysqw does not co~nply wilh lhis tovenant, 1h~
n,a~ pt~c~ ~nd Wr for wch irou?+nc~, w+rry P+~ N~ereol, withar~ w~:vinp a sfl~uwq eM aN~on fo f«~clw~, w«qr r~pht here~w+der ~nd the /vll ~enawn of e ;
and evwr sud~ ~srnrro sMll b~ immdi~teFy du~ and p~rabl~ a~d Jrll bear interest frorn tM date ihereof u~til p~id at the rste wov~ded in said rwN ~nd
~j w~fb sud~ inltrest shall b~ stturb bY N~e INn of ~is nqrtq~g~-
;'ts
y: 1. TM~ werpo~~. d ohr tiw~ d~rwq tl» ~wqo~r brw, o~d ie i?s di~ention, o~lr fer r~w~wd o1 ~wtYo~ Yuwe~tp i~wrowes uw?ie~ Mw.`~'
~ortpoy~ ~a~arqd bp 11» rnd~raipe~d oe ~ww da~~ Mr~wi1A, pap tM pre~iuwK dw bp ~~owe rl~r~o/, onA rpwr~ repopMwt br Ilr vwd~r~pw~d d
~ suth a~o~nb m or~ odvonced bp ~piJ ~prfyo~e~- In tfw e~eM of loilvtt br Ibi ~wd~nipn~d b r~pop soid o~N~nM b wid ~MfOo~~. Nrch /e~~r~ ~w~J
bs cow~id~r~d o d~lovh, and dl prwi~iw~a o1 tiK ww~ owd ~onpoy~ wGM reqe~d ~o d~}ovlt sholl b~ opplicoble.
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S. To p«~nit. conww~t w wf(~r rw wpf~, imp~irm~nt a d~f~riontion o1 f~id prop~.ty, a any pu~ tMrw1. ~nd upon rM f~i1w~ o( ~M mertppa W kMP 11~ C
b~ildinqs on s~id pop~rry ia pdoU ca+6tian of rp~ir. fM MortpsqN ery dw~nd tM inrn~di~N repa:r a~ uid bwlddnq~, w an :ncre~s~ in tM ~mo~w~t of Nawiryr. w~
rh~ irnmdia~ rp~yinent d dw d~M hereb~r acw~d ~nd tM failur~ of ~M Mortq~qo~ w complr wiM ~aid d~mand d ~In, Mohy~qN fa • qriod ol ~Air/p (3~a
; ays, sMLL const~rut~ a be+cl~ d fhii mM9~9~, rid. tA~ oprion of ~M lNorty~qe. :rerneJ:~Nlp m~tur~ tM ~ntir~ ~wa of pr:nc~M~ ~nd inqr~st Mr~b~r
' ~ !Y\Nfd,'lfld im~+e~~~tsly ~nd withpR nofifi, tM lNortp~yM mhr~ fnsf~fvN pocwdinqs ro 1a~clos~ rh~s ~nwty~p~ ~nd ppty for tM ~ppoimmenr o} • Rec~i..~.. ~s
K' h4re~~n~1n. prov~ded- ' _ . .
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