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TO HAVE AND TO NOLO the same, togethe~ with the tenements, hereditaments and appurtenances, uM~o the ~
Mortgagee, in fee simple. ~j
AND the Mohgagar does ha~aby oovena~t with the Mortgagee that he is indefeasibly seized of said land in fee slmple,
that F?e has futt powe~ and Iswful ~ight to convey said land in fee simple as aforesaid; that it shall be lawful for the ~ r,ei~
Mortgagee at ail times peaaeably and quietly to enter upon, hold, occupy a~d enjoy said land; that said land ia free
from all incumbrances; that he will make such further auurancas to protect ths fee simple title to ssid land in the ~ i
Mortgagee as may reasonabty be required; that he dues hereby fully warrant the title to said land and will defend the , E
same against the lawfvi claims of ail persons whomsoever.
t'
PROVIDED, ALWAYS, that if the Mortgagor shall psy u~to the Mortgagee the certain promissory ~ote of which the ~
following i~ words and figures is a true copy, to-wit:
!
~ COMMUNITY FEDERAI SAVINGS AND IOAN ASSOCIATIQN OF RIVIERA SEACH
~ ar# ~ e
~ - c~ $ S c~o#E
~ Rrview? s~?u+, ftat~uw May S i ~9 7 3
i CoLg indebted. for v~lve ~eceiv~d. tht w~den,yned 'p'nuly and sevsr~lly promise b piy ro COMMUNIiY FEpERAI SAVINGS ANp
tOAN ASSOCIATION OF RIVIERA eEACN at its offke in the Gty of Rivicra Beach, Fbr;d~, a wder, thf .w~ o~f .O~ HUNDRED
~ ~
~ THOUSAND AND 00/100--------------------------------- ~ 100,000.00 )
; ro9erl,N w~~h imenst ~h~roon at her~in~ft~r at~ted tn ~w~uny ~~,~~,.,us o~NINE HUNDRED AND OO~ZOO---------
oau?RS cs 900.00 ~ Tht i'KSt inst~llmeM sh~ll be due and p~y~bR ~ tenth
; day of Sgpt@P'1~@r 19 ~ 3 ~nd ~ubspuent tntt~llmenls shdl b~ dw and p~yabk on th~ tenth
d•y ot each and ~very ul~nd~. enonth fhsnaha umil the prindpal and imerest ah fully piid.
I.~rper sums may b piid st any 1ime, but tl+e psymsnt of any tuch luyer sums in addition to tM payrnn+t: herein req~ired shall
rot rsl;~ve the mak~n of the p+ymem of the monthly i~ut~llments herei~ provided tw, unku it is ipecifkally stipulat~d by the m~lun ~t tM
, t~me of p~yment tlut such lu9er sums are ro be ~pplied to the advanc~ payrr~ent of the monthly Fnsra!lments nsxt matwiny in tFy ader of
fhe"v due d~tes. All payments made upon fhis note sh+ll be ~pplied fint to the p~yment of acc?ued interest and secondly upa~ the pincip~l.
Th~s oblg~tion sh~0 be~~ interest from date at the rate of Nine p~r aem ( 9. 'X.)
per an~+um ynttl tf» pincipal and interest an fully paid.
; ' Inrare~t for e~ch c~leadu monM shatl be mrved on the first day of s~id mo~th ~nd be computed on the wip~id babnoi of pincip+l
~ and inrcrest exista~y on the 1ast.day of t!K p.ecedi~ moath. ihis note sha0• b~ considered fn dtfault whsn anY p~Ym~at requa~d b be
' made hereunder shall not Mve been made within th'vty days folbwinq its. due da1~ and sh~0 remain in default w+til said payment sh~M i
~ have been m~da Whi4 in defauM, tb~s note sMp bear inter~st a~ th~ r~t~ of t0'X per annvm in. liev of tM rate her~~nb~fore specifi~d.
All 'en~ken ad endonen norv w heruher 6ecomiriy puties heroto jantty and :ever:fty waive cl~nand, not~ce of ~or?payrrKm ~nd
; p.o?asr. Jnd apre~, t1?it in tlr- ~vent of defwh in the paYmept of awr inst~Nment d~re heieunder tl+~ whok of said indebtednest ~MII thcro-
; upon at th~ optaw a,! t1+e lwlder, becorne immediately. due ~nd pay~ble, ~nd if this note becomes in defwh r+d K P~~ced :n tlr hands t
~ of ~n ~nor+~ey tor cotfection, to pay re~son~bk atra~uy's fees and all oitwr aosn 1w m~lciny ivcb colkdion. - .
ihis not~ may 6~ pnpiid in wfwb or in part ~t anr timt wiMavf psr~ah~r. _ . - ' ' .
! ~ . - ~ SJ_____LORNE ~rTICFIOLSOI~.
' ~Lorae~Nicholson -
~ ~ : - .
~ • - ' - - ~ IDA M. NICHOLSON -
~ ~ Ida M. Nicholson y
~ , . -
------~-------cseau
+(This note i~.sea+~ed by • nwrtQ~ of even date exccaed bp {he mskers in favor of Communiqr Fedaal'S~vinQ"s and toan Astn: of Rivier~ de~ch)
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 shali cease and be null and void.
~ AND the Mor~gagor does hereby covenant and agree: -
~
~
1. Io psp a!1 and ~inp~Ar tlr pincip~l ~nd int~resf and otAar sums of mon~y p~rabk by v'wtus of aaid promisaory note and this mwt~q~, or ~ither, qompt~y
i en tM d~~n resp~ctivc~Y, the wee sev~r~lly towr due.
? To psY all ~nd sinqulp rAe taaes. ~ssesvneny, levets. I~ab~l~t~es, obl~qahan and ~nc~mbrarxes o! rvery narure o.~ sa~o atatnbed poperry exh ~nd evlry
~«~Fen due ~nd payapk xcad.nq ro Isw, befae rAey bcco.ne dehnq~en~, a~d ~f rhe same s~all r.o~ be p.omptly pa~d rFe Abregaqee may ar a~y r;me e;~her befae
~ al~ ~I,.~p~rcMr P+y ~M1e asme wnhou~ wan~nq a~1fec~~nq the opnon ~o (weclose. a anr nqht hereunder. ind eve~y wY~*+n+~ so made shall bear ~n~erqt /rpm
•^e da!e t~~reot a~ rhe u~t pov~ded m sa~d pom~ssay nWe. . .
?
3. To kep fhe buifdrpi and atl puipA~nt ~nd p~rson~l peperfy now or here~i~er on aaid prrmises, cowed by this mwty~g~, inswed in a swn ~t {e~st
ea.»I tp Nr uya~iA b~l~~ of Mis morty~qe, includ~np fin. eatended cmraqe and vandalis~n ~nA m~lic~o~rs imu+ance as ~o poperties otM~ M~n dweNinqi. ~nd
f~re, t~tendrd covway~ and apecid fa~n o~her perila :ns~xanc~ on dwellinqs eliqible fw s~xA bosdn~cd cov~r_se - pov~ded, however, tMt ~uch i~anc~ b~ in
~mo~+n? suf(iciant ro comply with ae~y co-irow~nc~ req~riremenh cmre+irg s~rne vnder eF» I~ws o( tht ;tat~ of Florids. ~nd provided fur~ tMt the policy or poliKies
sh~tl b~ wrinen in ~ comp~~ a comp~nies snd Mro~qh ~n ~pencr satisfactory to th~ Morfpapee and tMt said policy a polic:es sMll b~ held b~r tM Mony~yet
•nd sh~tl bear s st~nd~rd Nsw Yak Nbrtpaqw Claus~ witAwt contrib~»ion, nykirg the bss w~der s~:d poticies p~y~ble to tM Mor~y~p~~ n ib iMwe~t mnr appear:
and :n tM ~vent ~ny swn- of monty betwnef pap~bl~ ~rd~t r- ~ e
accow~t ol tM :nd~bqdne:s her +^Y ~uch politry a~ po.K.ea, the Nbrtyaqe~ shall Mve tht evtion ro rec~.vu and apply ~ tam~ on /T
ebr s~cwd, a a permit th~ lNorty~qw a«ceiv~ and uu ir, a+nr D+~1 MNeo(. (o? other wrrpos~+, w~thovl M~r~by w~ivirg V J
' w~^~o+:r"wW ~^Y eq~rih. liK.. s':,~.-'e! c+nder ~nd iY r:•~~• ...w~4+9~: ~nd in the event ehs Mor~q~yw does nof comply witfi N+is cmren~nt, fM Mwtq~~ O
i may ptac~ and ps~r for wd~ :nwanur, w anv w+~ Mereoi, wiMw~» wa+v;np a~f(~ctieq th~ a~~~on to («~cbse, a ~ny ri~t I~era,nder ud the f„11 ~maini o~ sxh
1 sna ~vwr wd~ psymaa sAsll b~ ~m,~.d„kt~r «,e wr•6~. a~e sh.u bea. inlerea~ fran ~he date Mereoi u.~ril psid ~t tl+e raee provided in saiA noa ~nd bqeN~a ~ _
w~ti sud~ inlerest sh~ll b~ ttcurw by IM I~en d this nwrly~y~-
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` 1. TM ww/OeON. ~op, af ary 1i~ dvriwq ~M wwtqo~ Nrw, awd ie iM d"ncr~tiow, opplr fw r~n~vrd of ~wfpa4~ Ovarawl~r iwwrw~t~ cewriiq 11» ~
; inwt~~ ~:~nrt~d bp 11» ~nd~rsi0n~d oe ~we dot~ her~wiN?, pop tM prewi~w~s dw br rwsoe tMreol, ond rpvir~ reporw~w? bp !M ~wdtniyw~d o1
~ ~vcA o~woonfs os ar~ od~onced b~r wid n~wfyope~. In tAe e.ee~ ol foil~r~ bp tA~ ~nd~rfipned b r~pop wid w~wvnM ro wid wor~yopp, avcA leil~r~ dwr ~
` b+ consid~r~d o d~lmrh, and dl pro+isions ol tM rw~~ ond wortyope wiM reQord ro d~fouh ~Iwll b~ opplicabl~. ~
- ~
~ S. lo perm:e, can~nit or wffsr no wuf~, irwpai~nwnt w d~Mr:or~tan of said weP~?tY, a ary o+n ~herwf. ~nd won ~M f~ihxe of tM mort L1cC~
3 bvild~nqs on w~d pop~rt~r ie poo~ cad:t:on ot nWh. tM MwtW9» n~r d~nrnd tM irnrrKdiaN rep~ir of sa~d b~~ld~ 9+9a b k~a0 ~M ~
MN ien~d'i~t~ rp~ym~m o~ dr d~bt he~eby Neuad and tM f~iFw~ of tM Morf a c sn invew in tM ~mwnt of wcur~~y. w~~
p~qor omply w~M sa:0 de~rund o1 ~M Mw~~p~ iw • pviod o1 fhirty
wrs. ~MO cwnrfw?~ • bre~ch of this mwtp~p~, r+d. ~t ~M opYaR of tM Maty~pM, i~rrn~diaNh 'nwtw~ tM ent:r~ smaiM of o~incipd ~nd int~nft ha~bp
i ~ecvred. ~nd ~n:.~e~~~r~fy ~nd w~~ho~w rrot+c~, tM Mla~p~y» m~r inst~fvh p~ac~ed~n4s ro fw~cfoa~ M~t r~ar~p~ ~nd +vP~Y fw tM ~ppanrm~nt oI • Rec~~vN, ai
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