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TO HAVE AND TO HOID thc same, together with the tenements, hereditaments and appurtenances, unto the
Mo~tgagee, in fee simple.
AND the Mortgagor doe: hereby aovenant with 1he Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful right to oonvey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free '
f~om all incumbrances; that he will make suth ~urther assura~ces to protect the fee simple title to said land in the ~
Mo~tgagee as may reasonably be re~uired; that he does hereby fully warrant the title to said land and wili defend fha
same against the lawful claims of all persons whomsoever.
PROVIDED, AIWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which the
following in words and figures is s t~ue copy, to-wit:
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- ' COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION Of RIVIERA BEACN ~
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RIVIERA BEACH, FLORIDA AUCJUS t 19 7 3. f
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Se~g ind~btad, fw v~lue reuived, tlr w~d~npn~d jointly and uve?~tly promise to pay to COMMUNITY FE~ERAL SAVINGS AND
IOAN ItS50C1AT1pN OF RIVIERA BEAGM ~t iri oHio~ in the City of Rivicra 8exh, Fbrid~, w ader, tht wm of F'QjZ'j'Y-~UR ~
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THOUSAND AND NO/100---------------------------------- ~s ts 44,000. 00 ) ~
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topethe~ with interttt thtreon u hetein~fM~ st~ted in monlhly ~~r,u~.m. o~ Ti~ree Hundred Thirty and 91/100- _
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oouAes ~s 330. 91 ~ TM iint Gutdlment sl++ll be dw and payabk on ths tenth ~
d•r ~ February ~9 74 .~a :ubuquer~ i~,.umems sMn b. d~,. .~a P.,,.bk on ~he tenth ~
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d~y of each and every ukndar month there+ha wNil tl+~ pri~cipal and interest ue full~? paid. ~
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` lar9er iwns may b~ p+id at any time, but the p~ymeof of •ny such larger sums in addition to th~ paymenls herein required sh~ll ~
I rot relitvt ti~e makers of the p~yment of the montNy inst~IfmcnK herein provided for, ~nku it a specifically stipultltd by the maksn ~t the ~
t~rrr of payment th~t such larger sums ue to be applicd to the advance psyment of the monthly irot~llments next maturiny in tht wder of
theN du~ dates. All paymc~ts msde upon thK nore shell be applied fint to the psym~nt of ~cvued interest ~nd secondly vpo~+ tl+~ princips~•
Tha obl~y~tan sh~ll besr interest from date" at the r~» of S@VEll & seven-tenths P~? 7. 7 X'~
per ~nnum until ths principsl snd interest u~ fvlly p~id.
Inrerest for e~ch ukndar month ilull be xv~ed on the f~rst d~y of s~cd monlh ~nd be computed on the u~pa~d balance of pinupal
and imerest existinp on the Isst dsy of th~ precediag moMh_ This no~e shall be considered in default when any p~ymsm rtquirtd ro be
m~de hereunder sh~ll not havt been made within thirty days folbwiny its due daN ~nd shall r~miin in defauh until said payment sMll ~
have been m~de. Whik in defauM, this note shall beu interest at the rate of 10% psr annvm in lieu of the rate htreinb~fwe specif»d• '
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All maken ~nd endorsen now w hereafte. becomir~ puties l+ere~o jointly and sever~lly waive der~and, noY~ce of ~aymcnt ~nd
i pro~es~, and spree that in the event of defwlt in the payment of any iwst~Uri~ent due he?eund~r the whok of ssid indebtedneu sh~lt there-
vpon ar the option of the holder, bscome immediately. due and •paYabk, and if this note becomes in d~+vlt and is plsced in tht fiands
of an sttorney fa collection, to p~y ~easa++bk ~~orney's fces snd all otlw costs tor makirg i~ch,colkaion. ~COY'Q'. Seal)
This rate m~y M pnpaid in whol~ or in p~A ~t snr tim~ withovt psnaltx ,
i ~ - -JOACHIM ~ DEVELOPMENT . INC. __.~?u
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; S/ JACK BERTOLINI (SEAL) By_? ~ JACR BERTOLINI ~~..~_~~~wU
~ Jack Berto ini, individua ly Jack Bertolini, President
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S/ ELSIE M. BERTOLINI (S~~ttest: S/ ELSIE M. BERTOLINI
~ E sie M Berto ini sie r~o-Iini; ~-iiice ~resi nt ~
P (Tirs no~s a secued ~y • mort~a~ of even date execwed br the mskers in favo~ of Comrrwnity federal S~vinys ~nd loan Assn. of R'r~iera Btatfi? }
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~ 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 shall cease and be null and void.
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~ AND ihe Morgagor dces hereby covenant and agree:
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~ 1. To wr +n +nd sing~rl+r tM pincipsl and inta~est a~d wher sums o1 mon~y pnrable b~ virnx of said prom~ssory nofe snd this morty~y~, w eitha*, promptly
p/~ I~N d1y! fMp~Ct1Yl~Y• ~ fiAM fI11M~~h CORI~ d{I~. ~
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~ t. To psr al1-u~d s~nq~lx ~~e ta~es. assessmen~~. le.~cs. I~~Ml~i~es, obl:9a~~om ~nd ~ncvmbinces o1 ~cry narurc on sa~a aexnped popcrry exh snd erery
~i w1Kn dut and paYaEle xcadmq to Iaw. bef«e ~hey bccome del~rpuen~. a~d ~f rhe ume shill no~ be p.omprly pa~d rhe 1Nortqagee may at any t~me e~tl+er befue
~ v G+Y~nr so made shall bear ~nterest from
~ u altes del~nqvencY D+• ssme w~~l+oot wnv;oq w a/fec~~nq ~Re opt~on ro (wedou, a u+y •~ght Aereundcr. and e~ei ~
- nc~ dart tAereo! at ~he rNe Wov~ded m sa~d w~~sso.r ~o~e
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- To kep tM bvild~nqs ~nd ~tl puipment ~nd pKSwyt property now a hirtafter on uid p~emisef, cowed bp ~his n+w~y~g~, irowed in a swn N le~st
e; eowl to N+e w~paid Mlanc~ of Mis mwtq~q~. incl~d'i~y fir~, estended coraaqe and vu+dslis~n and malicious i~s~rsnce as lo proper~~es other H»n drwllinqs, ud ~
~ i~re. ~atended cwaye and speci+l form orher perils im~ranc~ on dwellings eliqible fw s~ch bwde~ed cover_~e - provided, however, tMt s~ch irnwa~c~ b~ in
~nwuM sv((icia~t ro comply with ~ny coirow~nc~ rpviremenh coverinq sam~ und~? ~M I~ws of tht ;~+f~ of F{orida. ~nd povided furMer that the policy ot polici~s
- sha11 bt writNn in a camp+ny w compuwes and drarph +o ~9~MY s+t~sfactory to tFr Mor?9ape~ snd thal uid polinr a policies sA~ll b~ held b7~ tM Mortpsqee :
and sMll b~ar • sundxd New Yort Morfq~g~~ Clwn~ wiMw~rr contribv~ion, m~kirg Mro loss u~der ssid poticies qr+bM W the Mortq~qi~ n irs irdwnt may ~ppesr:
and in tM event arnr s~wn 9f mon~r becomes PM~aW~ ~+edN +nl~ such poliary a potic:es. Me Mortqaqe~ sMU Mw ~he ePtion to rece:v~ ~nd +DO~Y tht sanw an
xcount oi IM ind~bt~dness Ar~by secwed, o~ to p~?~nit the Ma~pspw ro receive and uu it, w ~ny v+~t thsreol. iw othn pwposea, withwrl tMr~bll w~iviny .
t~ a iro+K~9 Mrv M~~h~, liar+, a riyht urMler and b'1~ wtw of this ~nwt9~qe: and :n tM event the Nbrtqsqw dws not cavVh with th:s covanant, Nr_ Mo!fy~ge~ ;
~nar pl~c~ ~ed qr for wch irour~nce, a an~ part tMreol. withoul w~ivi~y p~HKtifq IM Opt~0/~ to f«ac{ow, a~ny riyht here~x~der ~nd the f~ll ~~t o/ each t-7
and rwr sud~ paynwnl sfiall be imn~dia?ely du~ rnd W~raW~ and sMll ber inrerest fran tM date thereoi unr:l paid at ~Ae ran prarided i~ ss:d rwN and to9eA~s* ~
witY sucA imerest sh~N b~ secuw bf d~e hu~ of Ai:s inwlq~ye. -
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~f_ 4. ?A~1 ~at~~. d wp ti~r d~rNq tl» ~a~ t~rw, o~d in its diic~Nan, oPplp {w r~wrwd of wwfpaN YueroMp inwra~c~ csrerino 11» y
wpf0o~ ~a~evbd bp 11» w~d~rsipw~d on ~ww daM IKr~wifh, pop fiw premirws du~ bp r~oww tMr~of, owd rpvir~ repapMwt bp tl» w~d~rsiyMd e1
~ sucA o~oonb w or~ ad~aec~d by wid wortyope~. In N~e e~ent of (oilur~ bp ?I» vnd~nipw~d M r~pap wid awovnb b soid wort0a0M. soch Ieilvn ~Aall
b~ comid~r~d o delovh, ond d) provisions oi tIK noM ond w~orlpope with reyord to d~iovlt s~oll b~ opplicobl~.
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S. To pen+»t, conrn~t a wfhr no w~sq, imp~~rmant a deNr:a~tan ~f u7d prop~.ty, or anfr w•~ +~d wo~ ~ f~ilur~ d tM mw~ppo~ to k~ep d» ~O
~qa, a an inut~s~ in ~mount stc~riry, w O~
bvild~nq~ on wid prop~rtp ie qood cond~tion of rpair, tM Morty~qM Tay d~m~nd th~ immed~aN reptir of u~d bvld~
~M im~wd~» rep~p~ent of Nw d~b1 hereb~r sacw~d and tFw. f~ilur~ d th~ Mort9por w tor^PFI w1tA s~id deetind of tM Mw~y~p~e fa • p~?jod ol shNh (30) d~ ~
~ d'fv~, sMll cons~~w+~ • br~ o! Hws rnwfq~q~, and. N rM op~ion of t!~ MoN9+9~. ~~•rn~duhh~ rn~tun tM entir~ ~nwum of v~inciv+~ aed inarnt hu~bp i'
r f~cwed, and irr.~.e~~anty ~nd withov7 nWic~, tM MatpapN ni~jr instit~M poc~edinq~ to 1q~clos~ tl+is mwty~pa and apply fw th~ ~pqoi~tment o/ • Rec~~v~r, u
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