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TO HAVE AN~ TO HOID the aame, togethe~ with the tenements, hereditaments and appurtenances, unto the
Mortgages, in fee simple.
AND the Mortgagcx does he~eby oovenant with the Mortgagee that he is indefeasibly seized of said land in fee simpk,
that he has full power and lawfu) ~ight to convey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaoeably and quietly to enter upon, hotd, occupy and e~joy said land; that said land is froe
from al) incumbronaea; that he will make such further assurances to protect the fee simple title ro said land i~ the
Mortgagee ss may reasonably be required; that he does hereby fully warrant the title to said lar?d and will defend the ~
same against the lawfu) claims of all persons whomsoever. ~
PROVI~ED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the cehain promissory ~ote of which the
following in words and figures is a true copy, to-wit:
COMMUNITY FEDERAL SAVINGS~ AND LOAN ASSOCIATION OF RIYIERA 6EACH
~Dx~~M$P ~D#P
arviEru? e~ou+, F~at~a? March ia74
( l~inp ind~bted. ior v~lw recsiwd. th~ w~d~n~qmd janlty snd fsverally prom~st ~o pay ro COMMUNIiY FEOEttAI SAVINGS AND
tOAN ASSOCIATION OF RIVIERA BEACN at i~s oNioe ia the C~ty of R'nieaa eesch, fbrid~, a ad~r, tM wen d THIRTY TWQ
( THOUSAND NINE HUNDRED AND 00/100-------------------------- oou~s a 32,900.00 ~
~ w~.th.. ,~,h „m.K, ~h..~ ~~?.~,.r~~. si.t~d ~*nh, ~+~u,~.m. of TWO NUNDRED NINETY THREE AND 91/100
- oaw~s ts 293.91 1. T1+e fint in~td4nent shall b~ dw and pay~bl~ on tM l Oth
` a,r or September ~9 74 ~,a ~„~.q~ uu~.iu,x~ ~.n ~ a~. .~a P.y.b~. a+ ] Oth
~ day o1 ~ach u+d every cal~ndK month the.e~fu. until tM prindpal and inter~st an fully paid.
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I ~ lu~r sums may be paid st ~ny f'~me. but the payment of ~ny sucl+ lu9er sums in additan to fh~ paymeots herein required shaN
not relKVe the maker: of tM paymem of tF+e monthly irotallments I+crein provided for, unku it is specifically stipulated by ths m~k~rs ~t the
~ r~me o( payment that svch laryer sums are to be spplied ro the advance psyment of the monthlr irntallments next maturirg in th~ order d
the'v du~ dates. All payments m~ upon this nots sF?all be applied fint ro th~ payme~t of acvusd ir+tcrest and seoondly i+pon th~ princip~L
This oblg~tan sh~ll bcu in+crest from d~te at the rate of eight and nine tenths PK 8.9 '1~~
per ~nnum until the principsl ud interest ut fully p~id.
Interest for each c~kndar month tFull be scuucd on the fint day of said month ~+~d b~ computed on the w+p+id balanu of pindpal
u~d interest existi~y on the I~st d~y of tht proceding momh. This nofe shall b~ considered in default when arty p~ymet?1 req~w~d b be
madc hereunder shsll not have been m~Je within tFiuty days folbwinp its due date ~nd shsll remain in def~uh until s~id p~ym~m shaN
f hare been madc. Wh~le in def~uh, th~s note sl+~ll besr imer~st a~ tht nu of 10% p~r annum in lieu oi tM rat~ iw~inb~fws spec~fid_
I All maken and endorsen now a hersaher becominy parties he.eto jointy and tsver~lly waive d~nand, notic~ of oon-paymem and
prot~sL and ayret that in tM ~vent of def~uh in rhe psyment of any instdlment du~ i+tr~under the wlw4 of aid indebredness sMtl the~+-
upon at tFw op~ion of th~ IwldK, become immediately due and pay~bk, snd if this oote bcoomes in detwlt and is pl~c~d in the handa
of sn anuney fw colkction, fo pay ~eason~ble attw~ey
i fees and all o~her wsts for makinD such colkction.
i
i Tha note m~y b~ prepaid in whok a in p+rt +t sny time witho~t peerhy.
( Ed"ward G.~oungn~ ~
~___,~~w
ro ~j
ung~~
---------__cs~~w ~
(ihis rat~ b uar?ed by • mort~~e of evea date e~cecuted by fhe rer~ke.s in favor of Comnwnity F~de~al Savirg's and loan Assn. of Rivie?~ Oesd~)
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and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and i
mvenants of said p~omissory rwte and of' ihis deed, then the estate hereby created shall cease and be null and void. ~
AND the Morsgagor dces hereby covena~t and agree: _
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l. To wy +A +~d sinpul+r ~M pincips) a~d inta~at ~cd other swro oi monw wr+~ ~ v'vhie of s~7d promissory noh and d~is morr~y~. w~:Nw, prwiptb
on tM drys rap~ctivcy, tht s~me s~varslly cwm du~.
t. To w1 all ~nd s~nqul~r ~he ~~¦as. nsessrnen~s. lev~ts. I~~bl~t~es, obl~qat~wn and ~ncwnbrances o1 rvery nat~re on saw oescnbed poperry exh and every
wl,en due and wY~le xco.d~nq io law. befae rAey become del~nq.,en~, ~nd ~f ~he ume shall no~ be wo'nD~~Y w:d rMe Mor~gayee ~nar at a~y ~.me eiMn belae
or ~I~ drl~np.uncr p+Y the same w.~hov~ ws~r~nq a~ffecnnq UK opt~on to Iweclose. a anr nqh~ herevnder, and every w~ma+f so made sh~tl bex mrerest fran
~he da•e Mereof ar rAe .a~e por.ded ~n a~d pomissay note.
~ To kep tl~e b~ilddnqs and all p~ipmem u~d personal popury naw a h~re~he~ oe~ ssid premises, tovered by ~his mwtq~q~, i~nwed in • sww tl M+sf p
cawl M tlK unpaid b~t~nc~ of ~Ais mort~~, inckrdieq fK~, ea~ended coveraye ~nd v~nd~lisin and ~n+tic~ous insu~anc~ as a papert~es oHw th~n dwd~e~ys, and
}ire, e~tended cov~raye and spec~~l fum other paih irovrsnc~ on drnllings sliqbl~ fa such bosdened cwre~_~e - prw~ded, howeva. M+t su~fi i~ar~ b~ in
•n+ow~t suifici~nf ro camply with anY co-irovranc~ rpuire~nenb coverinq wra under ~he laws of M» ;hN of florida. and pwided fvnF~er that the poliqr w pdiciws
shall b~ writl~n in • comp+nY a cwwW^~n +^d tMa+9h a' ~qe^~Y s~tisfutory to tM Matq~qe~ and that said policy a po1K:~s a1+~N b~ l+~Id bp Me Allortysg~e
~nd sh~ll bw • sund~rd i~Nw Yuk Mwfy~~ Claw~ wiH~wf contribvtim. rn~kinp the lou wider said polKies p~yabb w the Mwty~qw u its ir»erot nw aopea~:
snd in t!r went arry uwn oi inaie~r bacoenes Wt~sbN urdM ~np s~cA pdicY w Po~ie~es, the AAorfqaqn shall hsve ~M oWion ro receiv~ snd +vO~r Nw sanr on
•ccoum oF N~e ind~bl~dness he~~bt~ secw~d, w w p~mit tM Mwty~qa to receiw and ~,se ~r, a+nY v+n thsreof. (a al~er vuroos~+. wiNwiA drrebp vrs:vieq
u:~w+WY+v ~Y ~h~, lian. a riqfu ~wKle~ ~nd b~r virt~+~ of Mu rnw~yaqe; and i~ tM event tM Mortq~yor does not cw~wFY witA +his cownant, th~ Mortg~qe~~ .
rna~ plac~ and p~r for wd~ wxwanc~, a rw pan d~eo1, widaut wa~viny a aff~ctirq ~M opran ~o fw~clw~, a~rry riqAt Acra.,nde+ ~nd the fi.ll wnaar of eKh, ~
~ and ~v~ry wd~ pa~nrn~ sAdl b~ inrw~dia~elp dw ~nd p+p+W~ +nd shdl bear interest iran the d»e tMreof uo~il paid at Me r~u prov:ded in said noh ~nd wpa~l+a~`a'
witA s~rd~ inMest J~II b~ secvr~0 bY IM Iwn oI Nws ~nwt9ay~. \l
:~i ~
~ 4. Tlwl a1 ti~ dw tl» Mw, and in iM diuntiow, o fo~ r~w~vd o/ ~wraw iwwrawa tM ~
ewf ~Y ~9~W ~f ~~Y~W Y b ~°'~iM
_ ~oNOeO~ ~utuqd bp /iN vnd~nip~~d oe ~ws daM M~rhrith, poy tM praniviwf dw bp rwfo~ fi»r~of, owd rp~ir~ repspMM b/ dw rwd~nqw~A ~f
~ sucl~ o~ov~ m or~ odoonc~d by wid wortyop~t. In the e~ent of loilun bp tM ~ed~raipn~d b r~pap wid oiwo~wM b wid iwrf0o~~. ~rcA /eiw~ ~Adl ^
b~ co~sid~rrd a defavh, ond dl prorisions o1 Mt noh ond worlpop~ ~ritA reyord ro d~fodt sAoll b~ oppl~cabb.
~~s~
S. To p~nni~, coinnvt w suff~r no wa~a, i~vww~t a d~Nr'w~nan ot uid prop~rty, w arw v~.t thereo/. ~nd upon ~M (ailur~ oi tM w~ortp~qer to k~ th~ ~•~i
~ b~ildeqt on s~id prop~rt~l in yood tond~lian ol rp~i~. tM Matq~qM n~r d~nd tM im++ed~~h rpair o1 uid ~wld~nys, w~n :ncre~w in fM amo~wq of wcur~f~r. or ~
tM ienwX~a ~p~ynMnt o/ tM d~b her~M ~~cw~d w~d tM f~ilvr~ of tM JNortpapw a cwrw~Y with s~~A d~.n~nd d~M 1Morfp~p~e iw • p~riod oI tlrrM p~l '~O
~5, d~rs, sh~ll coiut~t~,N • bre~d~ o/ thi~ mortW9~, nd. ~t th~ oP~an o~ tM MortqpM, imn~d~H~IY mnw~ th~ «+th~ ~~N ot o~inciv~l ~nd ~f 1w~b~r = u~
a~cu.ed. snd im.~e~st~y and witlwul ~otice, tM Mw~WpN nrp~ ira~ifvN pac»dmp~ a tonclos~ Mis mwty~q~ and pp~r ~or Nw ~vpo~mme.~r o1 • R~c~iv~r.
~„s Fr•~ ~irre• -+o'.~otd
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