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TO HAVE ANO TO HOI~ the same, togethe~ with the tenements, hereditaments and appurtenances, unro tfie
Mortgagee, in fee simple.
AND the Mortgagor does he~eby covenant with the Mo~tgagee that he is indefeasibly seized of said land i~ fee simple,
that he has full power and lawful right to aonvey said la~d in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to e~ter upon, hold, occupy and enjoy said land; that said land is free
from nll incumbrances; that he will mske suth further assuronces to protect the fee simple title to said tand in the
Mortgagee as may reasonably be required; that he does he~eby futly warrant the title to said land and will defend the
same against the lawfut claims of all persons whomsoever.
PROVIDED, ALWAYS, that if the Mortgago~ shall pay unto the Mortgagee the certain promiuory note of which the
following in words and figures is a true copy, to-wit:
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I COMMUNiTY fEDERAL SAVINGS AND tOAN ASSGCIATION OF RIVIERA BEACH ~
~Dx#~M~P ~D#~
~ ~ . RtVtERA BEACM, fLORIpA October 19 73.
~ b~inp iod~bted. fw vd~e received. rh~ wK~ersgrnd jo;ntly snd severaNy promise to psy ro COMMUNITY FE~ERAL SAVINGS M1D
I IOAN ASSOCIATION OF RIVIERA dEl1CH ~t ifs offiae in the Gty of RiviMa B~sch, Ftaida, or orde~, th~ swn of TWENTY-SEVEN
~ THOUSAND FIVE HUNDRED AND NO/100---------------------oou~stt 27,500.00 ) ~
~ royerF~ with int~res~ tMreon as herein~fte? s~ated ie mon!hly imt~llrtwms of Z'WO Hundred Fifty-TWO dlld 76~~.0~
~-------------oauRS (t 252. 76 L n+e tint ~n.t.~~ment sl,.a be dw ana p.y.bk a? the tenth
; d.p or April ~9 74 ,na subseque„, :ns,.~u+x~m sl?.n be due ~~a p,y.bk a? +h. tenth
' d~y of each snd every cakndw month thc~~sfta until t!N printip~l ~nd intertst art fu1Fy paid.
L~rger :wns m~y b~ paid at any time. but the payment of ~ny such luge~ tums in addition to tM p~yments hcrein requirsd ihsq
' not relieve the maker: of the payment of the monthly itntaltments htrein provided for, unkss it is specilically sfipubted by the m~k~n at the
j rime of payment that such luyer sums are ro be ~pplied ro t1?e advance paymcnt of the monthly ins~allrtknts next m~turug ie th~ pde~ af
~ ~heir due dafes. Atl payments m~de upon this ~+ote shall be applied fint to the payment of ~ccrued interest ud teaa+dly upon ths principal.
~ Th~s obliyation ahall bear ~nterat from date ~t the ..n or Nine and three-tenths w• am c 9. 3
; per ~nnum until the principat snd interest an fully paid. .
j Interest for esch ukndar month shall be acaued on the f;nt day of said month end 6e computed on the unpaid b~lance of princ~pal
; a~d inrcrest ex~stiny on the last day of the preced~~g month. This nore shatl bs cons~dered in defa~lt when ~ny payment nqvind ro be
; made htrsunder shall not have bcen made within thirty d~ys folbwi~y its due dat~ snd shall remai~ i~ defauh vrtti! said paymtnt shaN
' h+ve been made. Whik in defiuM, ~h:s note sMlt bear inisrest at the ~~te of t0~f. pK annvm in liev of the nte l+a~~nb~fa~ specNid.
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AI! makers and endorse~s now or here~fter becominy parties hereto joimly and severally wsive densnd, ea:ice of noerpayment and
' protest, ~nd ayree th~t ie the event of def~ult in the payment of ~ny inst~llment due M?evnd~r the whob of ssid indebtedncu shali tlrn-
j upo~ ~t the option of ttx holder, become immediately dve «+d payabk, ~nd ~f tlus note becomes in d~favlt aid is pf~c~d in tlr iw~ds
~ of ~n anorney fo. colkct'an, to psy rcason+ble ~ttomey's fees and ~II ofher cosn for maki~g such coll~dion.
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i This ~ote may be pr~p~id in whok or in pan at any rime without pen+hy.
~ ~I-_---~~Es~ ~''.r' Si~. ISEAU
~ James E. Graham
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! .MARGUERITE - - GRAHAM----_.__~csfwU
' i Marguerite Graham
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~(ihis note a secvred by a mor~pp~ of eveo date execwed by the m~kers in favor o1 Comerwnity federat Savingi +nd toan Assn. of Rivieta aeach)
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and shall promptly perform, compfy 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 shaN cease and be null and void.
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~ AND the Mor~gagor dces hereby covenant and agree:
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F TO
~ pa~ all u~d unq~rlu tl+~ princip~l ~nd inaresl ~nd other swns of ma,sy wr.bte by virt~e of said promisaory ~ote and th:~ mortqsy~, p eitl~st, pronip?!y
r on qN drys .«vK*~KN, tM aaw+e s~vrrslly co~ due.
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~ t To piy all and i~nq~,lar el~ ~aus. ssslisme.~ts, lev~ef. I~ab~l~hes. obl~gat~ons ~nd ~ncvmb`ances o+ ~.dy ~ar~~e on sa.o aescnbeA poperty exA ind every
when due ar.d p~YaGle xco~d~ng ~o I~w, befpe theY be~ome del~nqven~. ~nd ~he sa~ne ahall rwr be p.ompflY p~~d rM~ Mo~tgaqee msy at ~ny ~~me ei~her bt/we +
•Ise~ del~nq~encti par ~h~ ume w~~hw~ waw~nq a af(ec~~ng ~he op~~on ~o faectose, a any nyh~ i.~rew+de., and cvery var~+t so made sMll bea. ~nurest fro.n
dare rht.eo/ ar rhe rare po~~ded m sa~d pornnso~y nore. ~
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To kep the buildnga ~nd all equ:pnent ~nd persoeyt poperty now a h~r~af~er oe+ said premises, cowred by this morrqaqr, i~r~d en ~ wrn at leaat i
eqwl ro th~ u+paid b~:anc~ of Mis mw?p~g~, includny f:re, e:tended coverage ~nd vsnd~lism and malic~o~s inswance as to poperties other ~Iw~ ~wellinpa. ~nd }
f~re, ea~ended cov~ray~ ~nd speci~t fum orher prik i~suranc~ on dwellinq~ eligble fw such b.wdened coves_ re - pov~ded, hewever. Mwf such irauranc~ b~ in ~
~ em«int s~((ici~nt ro camply wifh sny co-i~sw~nn rp~iremenes coverirp yarne ~rnd~s ~M I~rrs of the ;t~» oi Ftwida, ~nd t
~ sha11 be vrritNn in • cwnprnY or co.ry~a~ties and tMoiph an ~qency sa~isfsct aO'^~ ~~t the poli~y a polici~s }
ory fo the Mw?q~ee and tMt uid policp a polici~s slsdl b~ htld by tM Nlortysq~t {
~ snd sMll btar • sundard Htw Vak M«fy~qe~ G4us~ witl~o~A cont~~bution, makinp dr lou w~kr a~id pof:c:es payable ~o tMe Mortppe~ ~s i?s inqrnt may appex: ~w ;
and in Me ewM any w~n of nwn~y bccoen+s p~Y~bb w~der any s~ch policy « pot~eiea, the Mony~qa~ ahalt Mve iM op~ion ro receiv~ ad ~pply th~ s~ o~
; acco~wn o{ tM 'rnd~btedness hei~bY setwed, w w p~rmif tM Mwtq~pw ro receivt snd ~t, or ~nY P~ Mereo% for Wher ~
: a'wnp4rin9 MY ~W~h, fie+n, or riqht wKln and E'/' virM of this mwt Ou~POSd, wilhauf tlut~b?i w~ivirp
? ,na I~c~ wd 9+v~: ~nd i~ the evem the M«~q~qor does ~a co/nply w~~h N~is cov~nam, rM Morfy~ga~ .
Y P wr fw wch inau.snc~, a any part N~eol, wiN~ow waivinp a aff~c~iny tM opt~on to 1«~clos~, or ~ny ripM Mrevnder and N+e hrll ~nwuN of e~ch ~
? anA evwy s~cf~ papnw~t afwll b~ irn~rd:arety dw ~nd psYaW~ ~nd s?yll be~r infKesr han tAt date Hit~tof unfil paid st Ihe rste prwided in said noN and w9eNx~ ~
i' witA s~h enlesest sh~~l E~ aecu~e bY th~ INn o( 1l~is nw~lq~qe_ •
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$ 1. TAe1 ~wtYoW~. ~op. af awp 1iM drriwq N» won~o~ arw, owd in its d'acr~tion, appl~r fw ~M~wd ol ~ort9op~' qvwewfr iwwrwt~ cowriq tA~
i r~orfpe~ s:~cvl~d br IA~ ~ed~nipMd on w~e do/e htr~.?ith, pop tM pr~~niuan dw br rwsow tlNreoi, owd rp~ir~ ~~VeYw~w~ bp NN v~~wsd of ~O
~ ~ucb o~o~nh m or~ od~onc~d by wid nwr~Qay„. In tb~ ~veot of fo~Ivre bp ~M ~nd~nipw~d M rpay soid owovnM lo wid awrtyopw, wcA toit~r~ slwN p
~ b~ cow~id~r~d o d~fovH, a~d o!1 provi~ioni o( tM wo» ond awrfpop• w:~b repord ~o d~favlt sAoN b~ opplicabl~_ Oeio
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- S. To ptimit. canrn~t w wHM no w~sq, imp~innent a deN.'.or~tion oi uid Prop~rty, or uvy pa.~ thereof, and upon eM f~ilw~ of th~ mo.~y~por to k~ey tM
twifdinqs on uid popatr in pood ep~d;rion o1 rp~ir, tM A1wey~qM map d«n~nd th~ im+wdi~» r~ir o} said b~ildirgs, er M inVHff :n tM anq~~nt of sse~riry. w
' tM inrw~diat~ r~wY~~ o} f~ debt her~by a~cund ~nd tM I~ilur~ of tM Matwvor M canply with s~id d~m~nd of fM IMortp~p~e fw s p~riod of thirhr (i0) {
_ d~vs, sh~ll can~~wr~ • brsach of tAi~ mwt~, and. ~t th~ option of tM MwfyaqM. ~~nedd~afy matun tM ene.~~ eenount of p:nc:o+~ and inkrest ~
- s~cw~,i, •nd ~m.-~e~~ar~l and wifhou~ notke, tM Abrt ~
Y p~pM m~y imtiwN proeNd~nqs ro f«~clos~ Mh ena~p~y~ ~nd apply fa ~M ~ppummen~ of ~ Rec~~rar.
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