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TO NAVE AND TO HOLD the same, together with the tenements, hereditaments and appurfienances, vnro tfie
Mortgage3e, in fee simple.
AND.the Mortgagor dces hereby covena~t with the Mortgagee that he is indefeasibly seized of said (and in fee simple,
that he has full power and lawful right to convey 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 f~ee
from all incumbrances; that he will make such further assurances to protect the fee simple title to said land in the
Mortgagee as may reasonably be requi~ed; that he does hereby fufly warront the title to said land and will defend the
same against the lawful claims of all persons whomscever. '
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of whith the
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followi~g in words and figures is a true copy, to-wit:
COMMUNITY FEDERAL SAVtNGS AND LOAN ASSOCIATION OF RIVIERA BEACH ;
- ~,~~r#~tt$e ~ote
aiview? s~?u+, FIORIDA September -z7 ,~0 73 .
i Beiny indebted, fw wlue reteived, t1+e unders~ =aiMly snd severally promist to pay to COIIMAUNIiY FEDERAL SAVINGS AND
I LOAN ASSOCIATION OF RIVIERA BEACH •t its offiu in the Ctty of Rwisr=Besch~ Florida~a wder~th~ s=m of THIRTY-Z'W~
THOUSAND AND NO/100----------- ~'bow?as cs 32 , 000 . 00 )
~ ro9e~he~ w~th in~ereit ti+aeon ~s herei~af~er st~ted in monthy inst~llmenb of'1'WO Hundred Forty-$1X and 99/100
i ------------'bOUARS (S 246 . 99 The fint inttallment shall be due and pay~bk on the t@AtYI
I dsy of April ~ 19 74 snd svbsequent inst~llments :h~ll be dve and p~yable a+ +n~ tenth
' d~y of each and every c~kndar manth there~Ner until the printipal and interest ere fully p~id.
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larger sums may be paid ~t any fime, but the payment of any iuch larger sums in sddition to the paymt~ts here~n required sMll
I not relieve the mskers of the payment of the monthly installmtnts herein provided for, unkss it is speciiically st7pulated by the msken the
i r~me of payment that such larger sums are to be appl~cd to the advance payme~t of the monthly installme~ts next mat~ring in the ader of
~ ~hev due dates. All psyments made upon th~s note shsll be ~pplied first to the p~yment of ~cvued interest and secondly vpa+ the principsl•
~ This oblig~tion shsll bear interest from date a~ the rste of eight P~ 8• ~ _
per annum unfil ti,t pri~cipal and intertst u~ fully paid.
I Intcrest fw each calendar month shall be accrued on tl+e f~rst day of said month and be computed on the unpaid balance of principal
~ ~nd ineerest existing on the last day of the preced~ng month. Th~s ~ote shsll be constdered in de[ault when sny payment required ~o be
~ made hereurtder shall not have been made within thirty days folbwi~ its due d~te ~nd shall remain in def~ult until said psymenl sh~ll
~ hsve been m~de. While in default, th:s note sh~ll bear interest at the r~te of 109L pcr annum in 1'~eu of the rate Fw~inb~fae apecified.
i ! All makers and endorseis now or hercafter becoming parties hereto jointly and severally waive den~nd, notice of noo-payment a~d
! ~ protsst, •nd ayrte that in the event of default in the payment of sny instsllment due hereunder the whok of said indebtedneu shall tF+ere-
! ~ upon at thc option of the holder, become immcdiately due and pay~bk, snd if this note becomes in def+u~t ~nd is pl~ced in the hands
~ ~ of an ettorney for colleclion, to pay reason+bk aftorney's fees and all other c~ts for makiny such colkction.
! ` This note may be prcpaid in whok or w+ pan at any time without penahy-
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~ I • S ./_..JQhn_W_z~il]Q -cs~?u
~ JOHN W. MARINO ~
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~ S Diana._Marino---------------------------_~.ts~u
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~ DIANA MARINO
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~ (ihis note a secued by • mortg~ge of even d~te execvted br ~he maker~ Fn 5r•ror ot Comm~rnity Federal $avingi and Losn Assr~. of Rivier~ Besch?
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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.
~ AND the Mor~gagor does hereby covenant and agree:
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to wr aH and siny~lar tM princ~pal ~nd interest ~nd o~her sums oi moneY wY+ble by virnx of said Promissory note and this morlgaqe, or either, promptly
on IM d~ys respectivcly, the Hme sewsllp com~ du~.
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T To pay all and s~~qv~a~ rAt raaes, asaessmemf. ~ev•es, hab*LUes, obl~yaf~ons and ~ncumbances ol rvery naru+e on sa~o oesenbed prpperryr exh a~d every
9 r v Y paid ~he Monga9ce maY a~ any ~~me e~ther beiwe .
~ `d~ when due and pay~Gle accad+n ~o la+v, befwe ~he become de~~novenr, and ~f ihe eame shait no~ be vom rl ~
O~O cr du. A[~~nqUlMy paY the same w~t~o~~ wa~v~ny o• alfett~ng tAe opt~on to laetbse, w anv nqM hereu~de.. •nd eve~v OaY^'ent so made shall bear ~nterest f~om
~ ~~e da~e H,ereof ~e ~Re rate p.o~~ded m sa~d p.am~sswv ~+ore
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~ ~7 3 To kep ~he bvild~..gs ~nA sIl pulpmem ~nd penonal property now u bereatter on sa~d pemixs, covered by ~h~s m«tgsg~, iesured in a swn at kist
~ towl to tAe w~paid ba~ance of this mor?yaqe. ~nclvd~nq fin, tatMded caverage ~nd v~r.dalis~n snd matic.ovs ~nsurance as to properties other than dwelliegs. ~nd
f~re, eatended coverags ind specisl form othcr perits insvrurc~ on dwellings eligible fw such brwdened cover_~e - prov~dtd, howeve~, fhat ~~ch inswsnt~ b in
'Y,~ j. s~nount sv(ficiee~t to con+ply w~tA any co-inswanct requ~rert~er.ts covcrinq same vnder M+e laws of tMe ~taN oi F{wida, and Provided fwrher tAat the policy a po~itip
sAall be written in a con+pany or companies and thrayh en qeeKr satisfactory ro Me M«tgayee snd tMt ssid policy a pol~c~es sMll b~ held by th~ Mort9sqee ~
51. ~nd shatl bcar • standxd Ntw Yak Mortq~9ee Clws~ wiMo~t contribw~on, mak~nq the ~oss under sa~d ool~ua wrabb ~o ~he M«~yayee as iri inlerear m~y appea:
>4'= ~ and in tM event ~nY sum of money becomes payabb ~x~der any sucl~ pol~cy a po'~cies. the Mortgages sMll have the option to recciw ~nd spply the ~s~ on ~
xco~nl o( the ~nAebMdncss hereby sKUred, a to permit tM JHLwtysyw lo receive and use rt, a any parl tAareoF, fa olher pwposes, witho~l tMereby w~ivinp
~ oi :mpairinq anv eqviey, ~ien, or right ~neler ~nd ~y virtw of tF+is mwtyiqe: ~nd in the event tlie Nbr~gsqor doea not cwrwH with •F+is coven~nt, tM Mortg~gee
a~~ ~ maY o~xt ~nd wY fw urch iMUrance, a~nr p+~ ~?~ereo/, w~tho~n w~iviny a affecrinq ths ovrio~ to fa«lose. q w+Y ri9lrt herevndcr and Mro full ~maw+t o( each ~
~Y= and ewry sucA psYment shsll bt irm»diatety dw and p~Yable and sha11 bc~r inu+est iroen the date thereof ~ntil paid at tF~e rate provided in sa~d roN and toqNher
- witA s~ i~terese sh~ll b~ stcww by d+e f'an o1 tl~is mwtyaye-
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4. ?Aof ~at0o~~. o? o~r 6~ d~riwq tlw worfyop~ i~rw, ond in its di~cretion, opply loi r~uu~wal o) wortyop~ yooronryr iws~rewc~ conriw0 tlw~
~wrtpop~ •:.c~+.d br N~. ~nd•nqn.d on ~wn dofe b~rewitA, poY tAe premivrns du~ br rwson tMreol. owd rpvin repap~wl bp fM ~sd~nipn~d o
~vcA owaunb m ore odroncsd br wid mortyopee. In tht e~~nt o! (oil~re 6r tht ~ndersipned lo r~por wid owwvnh ro wid ~or~pap~~. ~ucb (oilvr~ ~Aol _
b~ consid~r~d a deFo~h, ond dl p~orifions o~ rhe note ond narfyope wi~A ~eyard to d~Fovlt iAoll b~ opplicoble. ~L~
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A_~ S. To p~rmil, canmit or s~flH no w~~t~, imp~irm~nt w d~feria~tion o1 s~id prop~~ty, a any par? Iheraof. ~nd upon tM f~ilw~ of tM rtwnyaqo? lo k~ep 1M
bv~fd~ngs o~ uid p.opKty in pood cond~tion o} rpai~, tM Mlorty~qe~ ewY dem~nd ~M ~mmedi~i~ rep~~r of sa~d bu~ld~..qs, w ~n incre~s~ in tM ~maint of secw~ty, a
~ thi imm~diaq repaymant oI th~ debt h~riby secvred s~d tM i~ilw~ of tlr Mwlp~por ~o comply wi~h said demand of tM Mwtp~~ Ia ~ p~riod o( thirty (70)
:r:` d~rs, shall cw+at~t~t~ • bresch of this mat9pe, and. H tlr op~ion of tM Nbrty~yee, immed~ately matwt tM ent~r~ smo~nt ot principal ~nd int~t henby
•ec~~ed, and im~+e~~it~ty ~~d withoul notic~, tM Mwtqaye~ rn~Y insfituts poc~ed~~qf ro faeclos~ tA~f mor~yaq~ ~nd ~pply fp ti+~ sppoinfinent o~ a Rec~~vrr.
tr•e -a~•r• p•o~.~'rd . .
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