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TO HAVE AND TO HOLO the same, together with the tenements, hereditaments and appurtenances, ur?to the ;
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Mortgagea, in fee simple. '
AND the Mortgagor does hereby oovenant with the Mortgagee that he is indefeasibly seized of said land in fee simple,
tha! he has full power a~d lawful ~ight b convey said land in fee simple as aforesaid; that it shall be lawful for the ~
Morigagee at all times peaceably and quietly to ente~ upon, hold, occupy and enjoy said land; that said land is free +
from all incumbranoes; that he will make such further assuronces to protcct the fee simple title to said land in the
Mortgagee as may reasonably be requi~ed; that he does he~eby fully warrant the title to said land and will defend the
same ayainst the lawful claims of all persons whomsoever.
PROVIDED, ALWAYS, that if the Mongagor shall pay u~to the Mortgagee the ce~tain promissory note of which the
following in words and figu~es is a true copy, to-wit:
f COAAMliNITY FEDERAI SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACN ~
~~r#~~~e ~u#P ~
' ~ Rrv~Ew? e~?a~, fiortia? January i474.
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t dtw+p indeb~ed. fw v~hit rece~wd, t!r vndetsipmd lamly snd stvcr~l~1/ Womite a P,~ to COMMUNIIY FEOERAI SAVING6 AND
I~a?N ~ssoeu?TwN oF Rrv~ew? eEwca .r ~ off~ in ~he Cit1? of Rivie~a Beach, Fio.~a.. w~d.?. d,. w~ ot TWENTY-NINE
` TAOUSAND EIGHT HUNDRED AND NO/100--------------------oowRSa 29,800.00 )
j ro~erlwr w~th intNSS+ tlweon ac herein~f~ stated tn mor?tAly inst~l4~rm~ of TWO Hundred Forty-Eight Vl(3~
; 05/100-------~ K248.05 1. Th~ fint inttallment sh~ll be dw and psyabk tenth
~ d.r ~ September ~9 74 «,a .~a~,.~+r ~~.~u~m. ~.n ~ aw ~d P.r•b~. o~ ~ tenth
` day of each and ~very calend~r enomh thersafter until tht priecipal and intaest w fully paid.
laryer su~ns mhr be paid at any time, bw the payme~t of ~ny svch luy~r sums in ~tan to th~ payments 1?erein requ'ved sMll
I not reli~ve the m~k~rs of th~ paymem of~tl+e monthly imtallments herein provided fw, vnkss it is spedfiully sNpubted by the mak~n H the
i time of paymee» thM such lar~er sums ue to be ~ppiied to the sdvance p~yment of the monthly instdlments rNxt mat~riny in th~ wdtr of
ther due dates. Alf payments mad~ upa~ tha note sMll be applied first to t1+~ p~yment of ~caued interest ~nd s~condly ~a~ ths princip~l-
~ r~, ~h.n ~ d.~. ~ Eight & nine-tenths w? ~ c 8. 9 x~
i a. .n?~ ~~a ~h. ~P.~ ~,a ~+rK~~ s„th paia. -
i Interest fw each ukndar month sh~ll be ~cvued on the f'vs? day of ss~d month and be computed on the unp+id balance of p~inc~pal
and,in+erest exatiny on the lut day of the preceding month. This note sh~ll b~ considered ln defa~lt wh~n u?Y psYmN+t ~puwnd b b~
~ made hcrcunder sh+fl ~wt Mve been nrdt within thirty days tollowinp its due dab and shill remain in defauM u~+til said p~yment slwll
' have been madt. Whii~ in d~fauM, this note shall bear interest ~t th~ rate of 10'X~ per annurn in lieu of the ~+te htreinb~fon specifi~d.
' All m~ken snd endonen ~ww or I+ereafte? becominp p+rties f+ereto jointly u~d s~verslly waive denand, not~ce of non-paymau and
; protest, u+d ay?e~ tMt in the event of defwh in the p+yment of ~ny irutallmcnt dw herevnder the whok of qid indebtedness sMN thero-
i upon ar th~ option of th~ hold~?, bacane inrnedimly dw and payab4. ~nd if thFS note beoomes in d~favlt snd is pf~c~d in tir lunds
i of ~n ~naney for oolkction, to p~y nason~bk attwneY's kas and df othar oosts for ~ ~4ch colkction.
' This nwe msy t» prtp+id in whols a in part a~ arnr time withovt plMhr. ~ -
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j ~ Kare Larssen ~ _ _
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~ `(ihi~ no~s "s secured by • mon~ape of even dste execwed b~r the mskers Jn favor ot Com~nuniry Federal Savinp's ~nd loa~ Assn. of Riviera desd+)
and shall promptly perform, comply with, and abide by each and every the stipulafions, 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 Mortgagor does hereby mvenant and agree:
1. )o wt all and w~W~+? tl» ainapal and int~res~ and oMn+ swm d inone~r pnr~We by v~?tw ol s+id D~omiiwry nwe snd thia mwty+9~. a eiNwr, panPdY
~M dm ?~svectiveh, fM sa~e sMrslly cowr due.
1 io pay all and s~nqular e1+e Naes, naeasmenh, le,..es. I~ab.hnes, oblgar~or.s a~d ~ncu.nbances ol every ..ahxe oe+ sa~o oescnbed p.operty eacA and e.rery
.,hen dx a.+d wr+E~e xc«d~nq ro Iaw, Eefwe MeY becwne dca..q~en~. and i/ rMe same shall not be Wonw~h w~d Me Mor~9aqee nwY sr snr ~~me either befae
atrr deL.quencv wr s+me w~~ho~r~ wa~r~ny p~llKtifl9 fA! Opt~On ro fofeclose, u any ~~qht he~eunder. and everv PaY^+e^f so made shaU besr :nt~rest Irom
~ •-r da~e Me.eol at Mie r~re pw~ded sa~d wan~ssar
,r
~ To kep the buildnys ~nd aIl pu:pment snd per~onal properry rww a Aere~fter o~ said pem:ses, cov~ed by this w+or~9ay~, imw~d in • s+nn ~t leaat
ti earal b tM w~paid b~~anct of ihis mortyiqe, includny f'ue, titendrd coversge ~nd vandslis~n and malic~ovs inswanc~ ss ro popertiei oM~er ~h~n dw~llinpt, and
f~re, e¦fended cov~ray~ r+d sPcd+~ iwm o~Fn+ parih i~svranc~ on dwetl~nqs eli9iEle fa wcl+ 6ro~dened cover_ie - povided, howwer. N+at ~uch imuanc~ b~ 1n ~
~mount wlf:cien~ to ca+whl w~M arry coirowsnc~ r~v~+~~anenrs corerinp sa~ne unde? N~e laws of th~ ;u» of Fiorida. snd prorided fw~Mr thsf the policy w polici~a M
ihatl ee wrimn in • comptntr o? cwrw+M~s ~nd tMaryA an penc~r sstisf~ctwr to th~ Monp~pee and rhat u~d odKr w P~K:es sMll b~ held by tM MortpaqM
and sh~ll bw • sqndard I~Mw Ya~ Mor?yag~t Clsuf~ w:Mavl contrib~tion, makinq tM bu w~der s.~d v.dKies wr+bb w r1+e Morry.ya..s iri inM+~st m+71 ~OWx: i~~
~ and in tM ere~t ~rnr we~ oi ma~er beca+~s WVabN w+der +np wrh vdicp or potic~s. tAe 1Nonqpe~ sh~tl h~ve tM option ro rectivr ~nd +Vph t!w sam~ on
~ xcwnr of 1he :nd~bNdness her~bp secw~d, a b pwmi~ Mr Matp~9or b fKllrf and use i~, a iny D+~ MKreo/, iw Wher Pu~D~+, withw~/ 1Mr~bY w~ivirq ~
~~+~+~9 +~7? ~h?. liay a rgM w+dar and b7~ v+rhr~ of Mut ~nwtp+pr ~nd in ~M evenf tlr Mor~9~qor dots nw coenPM wi~h M~is cw~rym, t!w MM9~9~
ma~ pbc~ ~nd WV far w~d~ insK~nc~, a~rw WM thaeol, wiNww w~:vinp w aH~ct~nY tM opt~on ro farecbw, a~r riqht Aere~nder ~nd the fvll ~mouM of eKh
~~v~r* ~ucfi p~~nwM alyll b~ iw~di~relp c~w rd pwaW~ ~nd slrfl be~t inlerest iran tl+e dste thereof ontil paid ~t ~he rate p~ovided in »id nW~ and b9effier
w~t6 wcb irNarest sha~l b~ lacv~O bY IM li~n O~ lhis mwty~ye. . ~1~1i
~ 4. TAa1 ~esfap~~. ~r, ot ~ 1iM dw:w0 tl» ww~14e~ Mn~. owd iw i~s di~cr~tion. aPP~1 fw r~wd of ~afYo~ 9wraMy a~wrwu cew~iwq IM
~ ~ortpo~ ~~nA~d b~r tlw w~d~rsiOw~d os ~w~ doM 4erewilh. Pa1~ ~ P~~~ivwn dw br rwwe tMrwi, wd r~qvin r~po~r~t b~r tlw vwd~niOw~d ef cito
- ~vcb a~wrwH os w~ od~o~c~d b~ ~oid wort9oqe~. In the ~.enl of lo~lun bp rM YR~fMOMd IO r~pap soid oiwwrnts b wid sonpeON, arch /oarr~ sAoll Cso
b~ cow~id~r~d o d~leoh, owd oR y~oriiiows ol fM eot~ ond wwtpoy~ w~~A reyord ~o d~1ouN ~AoN b~ opplica~k. _
' S. Io.qnnir, cawewt or urfhr ro wuN. ~mW:rw~n~ a deNr'ar~tion o1 s~id praN~Y, o~ +^1~ vMt tl+sred. n+d won ~M I~ilur~ of tM mo~ly~qor to k~ep 1M
bviW:eq~ on s~id pop~~lr M pood eon6tion d r~. 1M AMrty~qN n~r d~w~rd tM inu+wdia» r~D+~r of saiA bwldinqs. a an irw~ss~ in.tM ~mount o! s~eu~ritY, w
M+~ inrn~~aN t~p~ynwM of IM d~bf ha~M Mnir~d ~nd tM f~iWts d/M /Mortp~pw b cwnD~? w~th aaid d~mand of tM MortqaqM iw • ptiod oi fhi~ty (~0)
~ d~r~, sMli ca+sunn~ a bre~d~ d Mi~ nwrt9+V~. ~nd. M tl» option o! dr Morty~p~e, irnn+MliN~y nwhx~ Nr entir~ ~rno~wN o/ wi~ciM~ and inNnst her~M
.~ecvred. and ~m~-~e~~~teh ~•+d w~tlwul nwio~. Nw Morty~qN mhr i~stihM proeMd~nq~ w to~~cbs~ tAis enw~yapa and +Vph~ fw 1M ~voantmeni oi • Reca~ve.. a~
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