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TO NAVE AND TO HOLD the same, togethe~ with the tenemenfs, hereditaments and appurtenances, v~to tha
Mortgagee, in fee simple.
AND the Mortgagcx does hereby covenant with the Mortgagee that he is indefeasibly seizec3 of said land in fee simple,
that he ~has~ futi power and lawful right to convey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at aH times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from all incumb~ances; that he will make such further assurances to protect the fee simple title to said land in the
Mortgagee as may reasonably be required; that he dces he~eby fully warrant the title to said la~d and will defend the
same against ihe lawfui claims of a!I persons whomsoever.
PROVIDE~, ALWAYS, that if ihe Mo~tgagor shall pay unto the Mongagee the ce~tain promissory note of which the
following in words and figu~es i= a irue copy, to-wif:
~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCtAT10N OF RIVIEltA dEACH ~
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f ~IIr#~x$E ~p#E .
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t RIVIERA lEACH, fIORIDA October T~ ~ 19 73.
~ b~irg indebttd. fo? vdve nttiwd, tM vndengned jantly snd severdly promis~ to pay lo CONIAMlNITY FEOfRAL SAVINGS MID
~ IOAN ASSOCIATfON OF RIViERA BEACH its offio~ in the ~ty of R'wie~~ Beach, Fbrid~, er order, tM sw~ of ~N~-FOUR
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" THOUSAND AND NO/100----------------------------------~ a24,000.00 ~
;.~t~.. w~~, ;~n..., ~«M.rk. :,.~~a ~,rhy a~a~~.~ o~ Two Hundred Eight and 03/100----
oo~w~s es 208.03 L The fint irot~Ilment shall be dw and p~y~bk a+ the tenth
d~y of April 19 ']4 and svbseq~ent inst~llm~nts sh~ll be dw +nd p~y~bl~ on M~ tenth
d~y oi e+ch and ~very caknd~r month IFrcrtafter until tF~ prMCipd and interest ue fully p~id.
larper sun~s inay b~ p~id at any time, but the paymenf of any s~ch tsrgcr sums in addition to tM p+yments herein required sh+U
' r,or ~elieve the mak~n of the paym~n~ of tl+e mon~hly ;nstsllmenn herei~ provided fw, vnku ir is specificalty st~pulat~d by the m~ksn ~t the
, tim~ of paymcnt that svch IarQer sums are to be applied to the adv~nce psyment of the monthly initallmenti n~xt m+twing in th~ ord~? of
, rheK du~ dales. AII pay~nents made upon this oote ehall be applied fint to th~ paym~nt of ~ccrued intcrost and secondly ~pon th~ principst. .
~ obl~~t~oo s1u11 beu ~nterost fram du~ st the ~ nine & f OLir-tenths P~ e~ 0 9f.)
pc. au+wn until th~ principal and interest an fvlly paid.
i Interest fw e~ch ukndar month shall be sca~?ed on tf~e fint day of satd month ~nd b~ computed on the unpaid balance of pincipal
~ and inrereu existi~ on the last day of th~ preced~ng month. This rate sh~ll be cons~dered in def~ult when any payment req~raed ro be
made hereunder shall not hsve be~n m~de within thirty days folbwiny its due dsro and shall remsi~ in dtfwk ~rntil said p~ymeM sh~N
have baen msd~. While ie d~fauh, this note sh~tl b~~r interest ~t tht rate of 1094 per ~nnum in liev of th~ r~t~ hsreinb~fwe specifi~d.
All maken and endasen now a hereaNer becomirg p~rtks herero jointly eru! sevc~a!!y waive densnd, not~ce of noe?paymem ~d
protest, and a~re~ that in the tvent of defsult in the payment of ~ny inst~ltmcnt dut hertunder the whok of ssid indebtedneu sh~ll thtro-
i ~po~ a~ thc option of the holder, becane imm~diately due and payabk, snd if this note becomes in def~vlt snd k plued in rhe hands
of an ~norney fw mlkctioe, to pay ressonsbls attune~/~ fees ~rd all oth~r costs fw m~kiny such colkttion.
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This note may be prepaid ir~ whofs or in part at anr eime withovf pa,aNy.
~ ~ S/ William P. Gaxlord
" ~ . - . W~~IAM P. GAYLORD
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' - ~ S~_A2eksandra GaYlbrd ____.___.____V.~u
;
' ALERSANDRA GAYLORD
' ~ ~_~____~_.__.---------------------------~1
+(This noro 's seaned by • mortp~ oi even date execv~ed br the maken ir. favor ot Comrtwnity Federal Saving"s and twn Ass~. of Rivier~ Oead+) -
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~ and shall promptly perform, comply with, and abide by each a~d every the stipulations, agreements, mnditions, and t
! covenants of said promissory note and of this deed, then the estate hereby created shali cease and be nuli and void.
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~ AND the Mor~gagor does hereby mvenant and agree:
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1. To pnr aM u+d sirqulr tM wiacip~l ~nd intsrest ~nd eMa swm or mo~w wr+~ br virtu~ of said prom;ssory nae snd eAis mwt9sqe, or ~ith~r, pronqty
~ cn N+~ d~ra .Npactiveb. dw sa~ne sw~r~lly cowN dw.
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E~ T. io pr alt and s~nqulu ~he N¦es. ~ssessmenh. 4v~ea. h~p.t~t~es, obl~qat~wn ~nd ~nc~^sbra~ces of every ~a~we o.~ u~a aescnbed p'operry exh and every . -
..hcn d„e and wvaple ~ccord.nq w law, befwe rhey b[come dc(~.+q~cm, a.~d ~f rhe same shall nW be pomp~IV osid rAe Mu~yaqee may af ~ny r~me eifher be}ae
~ a(~ debnqvencr pay rhe same w~~hovt w~~v~ng p af(cct,nq tA~ optwn ro fweclou. or any ~~qAr herevnCe., and everr paYmenr sp nyde s1y11 bear intereff froen
•`e da~e rhereo~ ar ~iro .are wo~~ded ~n sa~d pom~sswr ~o~e.
~ To kep tl+~ b~+td~nq~ ~nd stl pwpment ~nd peno~al pope~ty iaw a Aeresher on said pem:ses, cow.ed by this iewrtqy~, irow~d in a win n I~+st ~
~ eowl w~Ae wip~id br4nc~ of Mis mort~qe, inckd~ny fin, eitended coveraq~ and vandrtism snd mdiuovs insw~nce as to waPen:es other Man dvwltinys. ~nd
~ f~rt. e~tended coverap~ and _~pcci~l /«m «her perils imwanc~ on dwellinqs sliqiWe !w s~rch bwdened cover_ie - pwidtd. how~vp, Myf wd~ inswN+c~ b~ in ~
x amount sufficianl ro carply witA ~nY co-irowanc~ rpuiremee~h coverinq s~me u~dar ~ laws of the ;bb of flwida, and pwrided f~xdwr rh~t the pulicy or poli~ip a
~hall b~ vin~nen :n • com~u~r w comparwes and Nrou¢~ an aqency ufisixtory to tM AMrtq~yee ~nd tMt said policy or poliues Jrll b~ lKld by tM Mortpay~e ~ }
_ ~nd shNl b~~r • standard I~Mw Y«k MoAq~ye~ Clwn~ withwrl conNibv~ion. m~kirp the bss ~w~de~ said pol~ciq p~Y~b4 b rhe Mwtp~p~~ ~s ib inare~t mar s~p~ar; ~
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and in ~M_ ~vent~wry w~n of mary bacan~s qyabl~ und~r ~ny. ax/? policjr w poficies.. ~he Mwfyaqae shall have tlr opt~an to receiw snd apply tht sam~ on j
~ account of ~M indrbMdness her~by sec~ed, a b permit tM Mwtp~9or a receive w~d use if, a~np p~t MKred, ta aher pupwes. -vviM~ou~ Nrr~by w~ivi~q ?
5 a:mDuri^Y MY ~~~ll, lia~, q r
igAt ~ewfer and M vwtv~ of Mis mat9+9r, ~nd in the ~va+t the Mw~q~gor does not canpy wieh this cov+ranr. Nw Morlg~pa~ i
mav D~~ +~d WY ~ wcA W+s+n+nce, a xry pri tMreof, willwtA waivi 9 or
rp or ~ff~criny tM option ro fw~cbu, a~r riqht herwndn ud tM fvll amaint of eacA ~
` s~d evwr +ad+ wY~+~ sh~tl M~mm.~•~eM d+. and P.y+w. .nd ah.u be.r interes~ fraw the dare NK.eoi um~l ~»id at ~he rax wov~ded in ss~ now r.d to~~eNw
` w~r? wd~ i~~at sMll b~ secvr~a br dw INn d this w~orty~y~.
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4. ?Mt ~orpp~+. ~o~r, et a~r fiM d~rip Nw iwe~qo~ Nrw, owd iw iM dirc.~tioe, uPP~r fw r~d of we~tOaN O~ro?oehr iww?aw cewri~p Nw
~typ~ ~:~tw~d bp 11w ~wdenipn~d on ma dofe herewith, pgr tM prt~wiv~s dw br rwsow tMreoi, owd i~qvii~ repopw~ut b~r tM ~wd~?~w~d ef ~
iutb awwrnb os or~ ad~weced b~r ~ wp~~Spy~~. Iw rh~ ~~en/ of (ailvre by ~he ~nd~ri~pMd to r~pv~r wid owareM to wid wart~eo~, wcA feilvr~ sAell i~ ~ j
- 1» cw~id~r~d e d~fovN, o~d dl provi~iows of tM woN owd wortQoy~ witb ~epord ro d~fo~rh ~Aolt b~ opplicobl~. ~
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S. To peqnit, camnut a wNa ~o wu». :~psi~m~m a d~twiaNion of s~id prop~rty, a w~y pa~~ ~h~rwf. ~nd ~rpon Nw i~ila~ of tM mortppw W k~ep t!w
p~iWinya on a~id popwty in aoo/ <en6~ion of rp~ir, fM lMorty~qw rn~y dMernd th~ inwmdiu~ repa;. of s~id bvild~eqs, a~n inu~as~ in tM amwint d~atwity. w
_ iM inrMdi~u ~piynwnt oi M» d~b hereb~r a~cw~d N+d eM /~il~x~ ol Nw Mor~pap~x w cwrpH w~tA said d~~nd d tM Mortyay~• fa ~ pwiod p1 ihiM (30) .
d+ri, sMll consueu~~ a bradi of tlws na~tpaqe and. ~f Ny oWion o1 ~ Mortq~q». iaun~d~a~elr .n~ture N» ~ntir~ ~t of P~inc~0+~ ~nd inrwyt Mr~by -
s i~c~red, ard im~+e~~al~ ~.wi w:~1~w~ nolioe. rM AAor~p~yN maY imfin»~ pocMd~nys b/MKIos1 rh~s mwep~pa and +pply fa tM appo:ntment of • R~cuvN. » -
K he~e.^~'~a prov,drd. . .