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TO HAVE AND TO NOLO the :ame; togethe~ with the tenements, herediiaments and appurtenances, ur?to the
Mortgagee, in fee simpls.
AND the Mo~tgagor does hereby oove~ant with the Mortgagee that he is indefeasibly seized of said land in fee simpie, ~
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 quietiy to ente~ upon, hold, occupy and enjoy said land; that said land is free
from all irxumbrances; thst fie will make such further assuronces to protect the fee simple title to said tand in the ~
Mortgagee as may raasonably be required; that M does hereby fully warrant the title to said land and will defend the ~
same against the lawful claims of all persons whomscever.
PROVlDE~, ALWAYS, that i1 the Mo~tgagor shall pay unto the Mortgagee the certain promissory ~ote of which the
following in words and figures is a true copy, to-wit:
( COMMUNITY FEDERAI SAVINGS AN~ LOAN ASSOCIATION OF RIYIERA dEACN
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~IIr#~x~e ~D#e z
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• RIVIERA BEACH, FIORIDA September 18 , 19 73. ~
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E~inp ind~bt~d, fw valve receiwd. tM und~ngerd jointly snd seve?~Ily p?omist to pay to COMMUNITY FEOERAL SAVINGS AND '
IOAN ASSOCIATION OF RIVIERA dEACM ~t iti oHia~ in the Gty of Riv~era Bexh, florida, a ada, rn. sw~ ot THIRTY-FIVE ~
THOUSAND AND NO/100---------------------------------~~ ~ 35,000.00 ) '
' roye~lwr with io~c?es~ tiwcon as herein~AN sated in monthy u~stdMwms ofTWO Hundred Sixty-Three and
! 22/100-------oau?es cs 263. 22 1- The iust irotatlme~n shall be dw and payabk on the tenth ;
~ day ot Mareh 1974 u~d subsequent iniullmsnts sMll be dve +~d payab4 on tenth
very ukndu month ther~~Asr until tM u~ci I and interest are ful t
~ d~y oi ~ach and e P~ W h P~• E
~ laper sums may be paid at an time, but the nt of •n such lar r swnt in additio~ to th~ eqvir~d sMll i
Y MY~ Y 9~ p+Y~+ts herein r
not retieve the maken of tFK p+yment of the monfhly instsllmer?ts herein provided for, ~nleu it is specifk~lly stipulat~d by ~he m+k~n d the _
I t~me of payment that such lu9er sums are to be spplied to the advanct payment of th! monthly irutallmentt rKxt maturiny in 1M ord~r of
` ~heir due data_ All payments msde upon this note sFutl be ~pplied fint to tht payment of accrued interest and secondly v~on the principil.
~ Tha obl~y~~~on iMll be+r inte?est from date at the ~~t~ of seven & seven-tenths Pa ~ 1 7.~]
l per ~nnum until ths printip~l and iMerest ar~ fvlly p~id.
Interest fw each ukndar mon?h sFull be ~cvi?ed oe~ the first day of said ma+1h ~nd be computed on tM unpaid b~lanu oi prindp~l
and imerest existi~y on the last d~y of the preceding month. This note shall b~ considered in defsult whsn ~ny payment req~ind ~o bt §
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I made herevndcr shall not have been made within thirty days folbwing iti due d~N ~nd sh~ll remain in default until s~id p~ymsm sh~N i
Mve been made. Whik in default, th'a note shall bear i~t~rest at th~ rate of 10% per ~~num in lie~ of the ~~fe Ikreinb~fore specifi~d. ;
j All make.s ~nd endorsen now w hereaRer becominp puties hereto jo~mly and severally waive dsnsnd, notice oi eor?p~ymem +nd f
~ protesf, ~nd aqret that in th~ event of defsult in the paymeat of any insullment due herew~d~r the wfwb of said indcbtedneu shall thcre- .
i upon at the oplio~ of the holder, become irtwiedi~tely due and p~yabk, and if this note bea~mes in de~+vlt_ and b plued i~ tl+~ Mnds
of sn anorney for colkaion, to p~y reasonabk attorney's fe~s and afl oth~r costs for en~kirg such colktlioa.
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' This note may b~ pwpdd in whok w in psA ~Y sn~ time withbwt penahy.
~ • . . S~__Nicholas .A. - Mottola
' NICHOLAS A. MOTTOLA
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i -
! S/ Mary A. MottoZa ~ _ _ _~u :
, :
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MARY A. MOTTOLA ~
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1 --------------~(SEAI) ~
k (il+is nott is sea+?ed bY • mor~p~ye of evee~ date execvted b the msken in favo~ of C
~ r o~nwmity Fedsral Saving's sr?d lwn Asan. of Riviera leacfi)
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R
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~ and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and
~ covenants of said promiswry note and of this deed, then the estate hereby created shall cease and be null and void.
~ AND the Mor~ or dces hereb covenant and ree: ~
~ 9a9 Y a9
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`~e"~ 1. To par all ~nd aingubr th~ pincip~l ~nd iatnest ~nd aAer swro of +~onw wrabie bp virtu~ of s~id pranissary nWe snd this mwtp~g~, a eiN+er, pompfly
on M+~ dhrs .esp~cr~veN, eM aarnt a~wrallp cow~e due.
~ 3
~ l fo WY ~II and s~ngulx Me ~~¦es, sssessmenH. Iw~es. ~~abht~es, obl~qat~ona ~nd u~cumb~nces ol rvNy na~ure on sa~o aeur~brd wope.hr exh and evtry
~ when d.x and Wv~Dle xcad~nq ~o law. ~elwt tAey become dehnavent, and ~1 ~he same shall not be panptlY pa~d D+e Mortgaqte may a+ ~ny t~me erther be/ae ~
o~ at[er deLnpvencr pay the same w~rhout w~~v~nq p ~lfecnng th~ opnon ro Iwec~ose, a ~nv ~~9~t herevnder. ~nd every paymen~ io made shall bear inrc•tit (rom ~
~he da+e rfiereof ar ~lie rare po.~ded ~n sa~d pomnsay note
- 3. To kep tAe b~ildnps ~nd ~II equipment ~nd p~rswNl p~operry now a hereafter on said premisea, covered by this murt9aqe, irow~d in a swn at le~st
earal ro tM ~npa:d E~=anc~ of d+i~ mor~y~ye~ iMlVdiflp (if« tatMdld coveraqe ~nd v~ndalism and m~lic~wn insuranc~ as to poperties oM~r th~n dwellinya. ~nd ;
fire. •.tended covaa~ and speciat fain o~her perils iinwanc~ an dwel~i~qs eligble fa a~ch bwdened cmre~_,~e - prov~ded, howwer, tMt such ins~xsnc~ b~ in '
~ ~rna,nr s~lficient ro catnpyr with any co-irowsnc~ rpuirernenb coverinq s~me w~dw th~ laws of tht ,ut~ of florid~. ~nd povidad fwther th~t the poliqr or pplicia ;
~ sAatl b~ rvr:n~n ie • cw~uny a co.np~rwes aod tMo~qh ~n ~qency sat~s(xtory to ?he Mwt9a9et u~d thq utd policy Of pOIKiH sh~ll b~ held by tM Matps9ae
? a~d shall bear a srrdard !!~w York Mortq~yN Claus~ without contribveion, m~lciny the Ieu under s~id policies prY+~ ~o U+e Morty~ye~ as ib intre~t miy appear: ~
~ ~nd in Mw ~vent a~ry wen of nwnty becanei p~y~bb und~r ~ny such policy w polici~a, ehe Mwtyaqe~ shall Mw fM opt:an ro r~ceiv~ +nd +pply 1M ~rn~ on
accaw+~ 01 tM indabNdness hereby secw~d, a ro p~rmit Nr Mortq~qor w receiv~ and us~ ~t, a ~ny p~rt tlKreof, fa other p~wpous, without tMreby w~ivirp
y a«np~+riny ~ery equiry, lien, a righl vr~ ~nd by virh» ot Mis mwt ~
p~y~: ~nd in tM event the Mortq~yw does _pot~ cornply with th~s coverwN, tM , Morty~pM
erwy plac~ +nd p~y for wd~ w~s,w~nce, a arry W~t tMreol, wiN~ou~ w~:viny o~ aH~ainy fM option to f«~clw~, a any riqht Aere.mder and tM full wna~+t oi ed+ ~ r
~y ~nd evw~ such paynw~~ shall b~ imerdiatcl7~ du~ ~nd p~7r~bb and shall bear in~at fran ~he dats thtreof un~il piid at ~he rate prw:ded in said rah ~nd toyeN~e?
t~ wi~? t~ intery/ shali be secu~~0 bY /M INn o1 Ihis mwlgsyt. v i
~a Q _
1. TINI iwwppM. ~ep, al ewr fi~ dwiw~ IM ww10o~ Nrw, owd ie iri d'ncr~tiow, opphr fe~ r~wtird of worlyo~ 9uoraNp i~wrowe~ eewrin0 11» "
werf~o~ ~:~tvbd br 11» und~nipn«I on ~r~w dote be?twitA, pop tM pr~rwi~~s dw br rwsow IMr~of, owd rpvin r~pap~wt bp ~M ~nd~nqn~d el
~ ~ocb owarnh m or~ od+onced bp wid wwtpope~. In tM er~nl o~ foil~r~ by Ib~ ~nd~nipn~A b r~pop ~oid oiwovnb b wid ~orlpop~~, such foilvr~ sAdl ~ i
~n b~ cow~id~r~d o delo~M, owd oll pronisiows ol tM aob aed ww~poy~ r.~M npo~d ro d~fovll sAoll M opplicoble.
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f
r, S. To pam~t, co~rn~t a wf(~r no wpa, imp~irm~nr o? d~Nriornion d s~id prop~rty. a w+y put ihereo/. ~nd upon ~M 1~iiw~ of the muty~9or ro keep tM p'
: builpinq~ on wid prop~rfp in 9ood ca~dltan o! rpair, tM Mwty~qM w~r d~nd tM invnediat~ rep~ir oi said b~~ldinq~, a~n irwe~s~ in tM ~nwunt of ~eturity. a~~ =
'i~ tM ihrn~di~a r~p~y~nt o1 tly d~W l~~by ~~cw~d w~d tM f~ilw~ ot th~ Mw~q~pw ro canpH w~?h s~id dMrrnd d t!r Morfp~q~e fa • p~riod o( thirtp (~0) i
d~r~, sMll cwn~~nM • brwd~ of Hr~ mortv+q~, and. ~t tM option o/ ~M Mwtp~qN, i~nn.~diaaly nu~w~ tM ~nrir~ ~mou.a of winciwl ad int~ra~ her~bfr ;
secu.ed, ind irn.~e~,~t~ly ~e~d ~wilharl ~of'~u, tM Mwtp~yN mar instihM proca~dinqf b ip~clos~ Ih~s mortpp~ ~nd pply fw fM ~ppointm~nl oI • Rec~~ver.
- F~!c~~lrt, pro~ldad ' . .
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