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TO HAVE AN~ TO HOLD the same, together with the tenements, hereditamenls and appurtenances, unb tfis
Mortgagee, i~ fee simple.
ANO the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said land 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
Mo~tgagee at all times peaaeably and quietly to enter upon, hold, occupy and enioy said land; that said land is free ;
from all incumbrances; that he will make suth funhet assurances to protect the fee simple title to asid land i~ the i
Mortgagee as may reasonably be required; that he does he~eby fully war~ant the title to said land and will defend the ~
same against the lawful claims of all persons whomsoeve?.
PROVIDED, AIWAYS, that if the Mortgagor shall pay unto the Mongagee the ce~tain p~omissory note of which the
following in words and figures is a t~ue copy, to-wit: ~
~
i
i COMMUNIT1f FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
I ~IIxf~M~P ~D#P
f
f a~v~Ew? e~?u+, FIORIDA January ~ I~ r197 4.
~ Seinp indebr~d, fw v~lue ?ece~wd, tlw wwJenp~d jointly and severally promise ~o pay to GOMMUNIiY fE0ER1?l SAVINC~S M10
( LOAN ASSOCIATION OF RIVIERA 6EACN ~r ~ts offsae M the C~ro of Rw~e.~ Bexh, Fbr~la, a ader, tM sum d TWENTY-THREE
I THOUSAND THREE HUNDRED AND NO/100--------------------~~ ~23,300.00 ~
;?~,i,.. w;,~ ~,h.~, ,ti.~„ ~«~,H„ s,.t~a ~+,r,~u~.m. of Two Hundred Thirteen and 40/100-
oauRS a 213 . 40 n+. f~r ~t.n~,~ ,~+u ~ d~,..~ p.y.ea tenth ~
; day of July 19 74 +~+d subsequent imullmems sFull be due ~nd pay~bl~ on tl+e tenth `
' day of ~ach and ws+y ukndar month ther~aftar until tM prinNp+l and interat an fvlly paid. i
luQer svms may b~ p+id at sny time, bw the payment of ~ny :uch larger sums in sdditioe to tM payments herein req~KSd shall s
' not relieve the mak~n of the p+yment of the monthly irutallmenn herein provided fw, unku ir is specifically st~pulated by the m~ken at the
u
~ rime of p~ymerH that svch laryer sums ue ro be ~ppl~ed to the advance psymeM of the monthly installments next matwirt~ in th~ wde~ oi
rhe'w due dates. All psyments mad~ upo~ tha note shsll be ~pplied fint to the p+yment of acaued interest ~nd :econdly vpon the pincip~l.
i This oblg~tion shall beir interest from d~te st the r~M or Nine and OII@-quarter per c~nt ( 9. 25
per ~nnum until the principal and interest an fvlly p~id.
i
~ Intercst for each ukndu month sh~ll be scaved o~ the fu~t day of said nwnth ~nd be computed on the vnp+~d balance of princ7p+1
i and intercst exist~ny on the last day of thi preced~ng month. Tha note shsll be conside~ed in default when anY paYmsr?t required to bs
; made Aerew~der shall not have been made within thirty days followi~g its due dat~ ~nd shall rsmain in d~fauM unt~l said p~ymsnt sh~M
' Mve been msde. Whik in defauM, rh~: note sMll btar intsrest ~t th~ raM of 10% p~r annvm in liev of the r~te heraint~fwe spsc~fi~d_
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All maken and endor~en oow or here~her becomirg p~rties herero jointly and s~verally w~ive dervand, not~ce of noo-p~ymem and
~ protsst, and spre~ tMt in the event of def~vlt in tl+e p+ymer?t of any instsllment du~ henurKkr the whob of said inde6tedaess aMll tlxre-
upon a~ ths option oi the holder, become i~diately due and payabk, and h this note becomes in default and is pl~ced in th~ h~
i of ~n anwney fa oolkaion, w pay .e+son+ble morney
s fees and all otlwr costs iw makirg such colkdion.
' f This note m+y be prepaid in whok~w in pat at sny rime witho~rt pen~hp J I~E/ ~
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! 9+ye of even date execvted by the m~kers in fr~or of Commwuty federal Savirg's ~nd to~n . of Riviers Beac1?) Q
~(Thit rote i? secured by • mat a
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and shall promptly perform, comply with, and abide by each and every ihe stipulations, agreements, tonditions, and
covena~ts 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 tovenaM and agree:
~ 1. To wr +n .nd s~r N,. w~naw~ .nd inarest ~nd oMer swro o( mon~Y Wt~+~ h~ v:rnre of s~id prom~ssory note snd this mort9~ye, or ~itlrr. V~~PHY
o.i tM dars r~O~ct~veh, the sMne sw~rsllp cawr dw.
~ 2. io wr ~11 and s~nqvla~ ~he ~a,es. auessme+~y. 1ev~es, haD.I~r~es, oAt~qa~~a~s and ~ncwnbrances o( rvc.y ~ar~re on s~ro oescr~bed proper~y exl+ snd ever~
..~en dve ~nd wraD:e xcad~..q ~o I~w. Eefae rAey becwne del~n4~en~, ~nd ~1 ~he same shatt no~ be w~n~l~ ps~d ~l~e Mw~qagee may ar any t~me eirAer be?we
.r afie~ deLnq~encr Par ~~+e same w~thour w~~v~nq a~flect~nq tAe opho~ ro foreclose, o~ anY rgM he.t~~+de~. and cvery paYment so made shal~ bear intnesl from :
~ .".e da+e Mpeof at Me r~+t Wov~ded ~n sa~d pwn~sfaY ^Me ;
3
' To kep the buildinqs ~nd atl pvipment ~e~d personsl properh now a hereafte~ on sa~d premises, cowed bv ~F~is mw~g~y~, insw~d in • swn tl Isast
~ e~wt b Me up+~d b+~+nc~ of Mis ea?~9pt, inclvdnp iin, e~?ended cow~age ~nd vand~lism snd maliuo~s i~w~MCe as to popenies oNwr Nwn dwellinps, snd
~ f~re. exte~ded covuay~ ~rd ~pec:+l iwm aAer perib inswanc~ on d.v~ll:eqs tlpiblt (a s~rch b~oaAened cover_~e - pw~ded. lww~ver, tMt such insur~nc~ b~ in
~ imw,e~? svff:cient ~o canpH wiM any coimur~nc~ rpwremenb coverinq samt vedw eFr laws of the ;tst~ of Flwida, and povided fur~lKr th~t the poliqr a policiw
~ iAall bt vrritNn in • canp~ny w co~np~nies ~nd Nvar9A ~n penc7r s+~iafsdary to N» Mor~y+9e~ and tA~t sa~d policy a poticies sh+ll b~ held bq th~ MorlQSyee
.M ~nd sh~ll bep a standrd N~w Yak Maty~yw Ctws~ witlw~t co~nibv~ion, m~kinq Me loas under s~id pol~cies p~yabb b tM Mwtq~pe~ n ih intwt~t m~y ~ppesr:
and in tM tvent ~ny swn of ma~ep beco.nes payaW~ urd~r anY s~+ch pdic7~ or Po~ici~s. tl~e Mw~9+9e~ sMll Mve ~e option to receiv~ and pplr th~ ~am~ on
accow~t oi N+e i~d~bMdness her~by secwe4 w ro p~rmit tM Mort~sqw b reuiw +nd ~u it. a sny prrt H+aeof. (w other pwposes, witAwf tMr~by waivirq
w:mpairin9 «w ~W~~7I, li~n, or ri¢n ~w~der and br virtw of this rnortp+~e: ~nd in the event the Morty~qw dws rwe conrN witfi ~his coverum. Mr Mwfg~9~~+~
Inar Pl~ce and v+p for wch i~nurance, w~nv P+N Mnreof, w".thout w~~vinp a~ff~cfirq tM optan ~o fw~close, w ~rry r~yht he~eunder and tM full amount of e~cl~
" s.~ evary wc1~ psy~nt shall Ds immdiauly du~ ~nd p„r~ and sh~ll b~ar iMerest iran the d~te tM~eof ~ntil w~ rate pov~ded in said iwM and fogNfier,y~
~ witL sud~ inM~est shtll b~ secuW by the 1~ o( N~is mwty~g~. j~ j ~
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I. ?A~1 ~orppM. ~s~r, er ayr 1i~ drriwo tl~ iwrtqop~ ~+rw, ewd iw iM disc.~tioe, oPpl~r fw nw~rol oi wore0o0~ ouorouhr iewra~c~ cew~ip 1!w ~ '
inoAyoO~ ~~tvt~d bp ~M ~wd~rsip~~d on ~hw doN AereriM, por fM prauivwn dw bp rwww tMr~ol, owd rpuir~ r~por~wf b~r tlw vsd~ni~d el s
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~uch aiwovnM os or~ advonc~d bp soid wortpope~- In tM ev~nt ol loilur~ bp tIN ved~nipMd b r~pop wid w~wrnb b wid wortyoqN, wcl~ lsiivr~ sAoN' ^
b~ tow~id~r~d o d~lo~M, ond od Proriuons of tM no~~ ond wo~tpo~~ ~.iM reyo.d to d~fovh sAdl M opp~KObb. r
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S. To p~rmit, cann+i~ w svff~r no wuN, inip~irm~nt a d~Nriw~tion of ~aid v~ow~r, a any pur thereof, srd upon *M i~~lwe of Nw inor~ppor ro k~ep Nw ~ _
b~ildirqa on wid popwty i~ pood tondrion o} rpair, th~ Mortq~qN rrwp dMrnd tl» imnedi~t~ repa;r of s~id b~~ldirgs. w~n irweas~ in tM ~enount ol setwitp, or ~ ~
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tM in~di~» r~wv~~ 01 tM daW her~M ~enw~d ~nd ~M ~silur~ of ~M Matp~qor ro coenPh w~rh said d~nynd of fM Mar~q~qN fw • pwiod of MirM (30) Gi0
d~y~. ~1+d1 lonstirvr~ • br~ad~ oF N~if mor~v+V~, and. ~r t!» op~:on of /M AAoet9+vM. :mm~d~u~ly m~nw~ tM ~ntir~ amowa ot a~ne~p.1 ~nd in»ra~ F~~bp
~ itcv.ed, ir~d ~m.~e~~~t~ly and w~~hov1 eqli[~. IM Mwipsq» eryr imKtvN paeNd~nps b(w~ebM this mortyaq~ ~nd ~pplr fw IM ~ppoin+ment o1 • RK~~vN. ~f
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