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TO HAVE AND TO HOID the same, togethe~ with the tenements, hereditaments and appurtenances, vnro tfie
Mo~tgagee, in fee simple.
AND the Mo~tgagor does hereby covenani with the Mongagee that he is indefeasibly seized of said land in fee simple,
that he hes full power and lawful right to cot~vey said la~d 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 seid land; that said land is free
from all i~cumbronces; 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 does hereby fully wa~ront the title to said land and will defend the
same against the lawful claims of all pe~sons whomsoeve?.
PROVIDED, AIWAYS, that if the Mo~tgagor shall pay unto the Mortgagee the ce~tain promissory note of which the
following in words a~d figures is a t~ue copy, to-wit:
COMMUNITY FEDERAI SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
~IIr#$tt~8 ~D#e
RIVIERA BfACH, FIORIDA Apri 1 ( Cl > 19 74.
leinp indeb~ed. fw v~lus received, the ~nders~yewd jointly and uverally promia 1o p+y to COMMUNITY FEOERAI SAVINGS M!D
IOAN ASSOCIATION OF RIYIERA BEACH ~r i~s office in the Gty of Rivw.a Beach, Florid~, a ader, ~n..~,~+ ~ Ty,~ENTY-NINE
---------------------------oow?~s~s29,000.00 ~
TNOUSAND AND NO/100------------------
?,~,,,K W;~, Mn,~~ ~h..~, u~«~~.r~.. s~ated in monthly ~+.~~,.m. a Two Hundred Thirty-Nine and 41/100---- ~
----------------oauas cs 239.41 ?h. f;~t ~,.u,„~~r ~.n ~ a~ ~?a vr•~ tenth
dar o( October 19 ]4 ~+d subsequt^t installmenls sMll be dw ~od payable a? ~ tenth
day of cach ~nd every cakndu month there+fier until tFK principal ~nd interest ~n fully p~id. .
targer sums may be paid at any t~me, b~n ~hs P+r~~t of any such la?ger sums in add~tion to th~ paymei+ts herc~~ ~eqvired ah~ll
not relieve the mak~r: of ti+e paymem of the momhly irotallmentt herein p?ovidcd iw, unkss it is specifically stipvlated by the m+ken at the
I nme of p~ymenl tMt such larger sums are to be app~~ed to the advance payment of the rtwnthly irotallments next malurin~ in tM ade~ of
1 thc'u due dates. Atl psymenfs made upon th~s note sh~ll be applied first to the paym~+t of ~ccrwd interest and secondly upon the princips~-
This obliyatan sh+l1 bear i~terest from date st the r~te of eight & eight-tenths 8.8 x'~
per ~nnum until the pri~cipal arxl inferest an fully paid.
Intercsl for e~ch ukndar month shsll be acvucd on tF+e fint day of sa~d month ~~d be computed on the unpaid balanu of pincip+l
and interest existin9 on the last day of tM proceding month. This note sMll be considered in default when any p~ymte?t rpu~rsd w bt
madc hereunder shall not have been rt?ade within thiny d~ys folbwiny its dve date ~nd sh~ll remain in defauh ~mtil sa'~d p~ymtn~ slwll
hsve been made. Whil~ in def~uh, this note siull b~u inter~st at tht rate of 10'~fi per annum in licu of the rat~ h~r~inb~fwe specifi~d_
All m~ken and endonen now or 1+ereaher becominy p+rties hereto jo~ntly ~nd severally waine denand, raY~ce of e~oo-paymem u+d
i prores~, u+d syres that in tF+e event of defsulf in the payment of any inst~llmenr due hsnunder the whok of ssid indebrtdneu sMll there-
upoe a~ the opt'an of tF~e holder, bccane immcdiately due ~nd pay+bk, ,and if this note becomes in default and is pl+ced 'u+ ttr h+^ds
of an attorney fw colleaion, to pay rc~saubk ~ttorney i kes and a11 o~har cos~t for m~kin~ such coll~ction.
Tha nofe may be propaid in whole or in pa~t ~t snr rime withovt pen~hy.
S/ Gordon 0. Proctor _~.,u
G~~RD~1 ~-0. PROCTOR
---___.__~csEwu
_ S/ Peg~y
L . Proctor ___v--`--_._.___,csEwu
~ PEGGY L. PROCTOR
(This note a sea+red by • mortyape of even date ezecuted br ~he maken i++ fawr of Communiry Federal S~virgs ~nd loan Aun. of R~vier~ leach)
and shall promptly perform, comply with, and abide by each and every the stipulations, agreeme~ts, conditions, and
covenants of said promissory note and of this deed, then the estate hereby created shalt cease and be nul! and void.
AND the Mortgagor dces hereby covenant and agree:
1. To psr all and s~ny~rt+~ the p~incipal ~nd intaat N+d other swns d monw W7+ble by vi~tue of aaid prom~ssary nde and this mwfg+q~. a ~itha, promPtlY
an M» d~ps r~sp~ctivel7l. 1M s~mt s~v~r~llp eae» dw-
2 To wr dl u~d s~nquly ehe ~iaes. assessmc~+a. Itv~es. I~ab,l~t~es, obl.qat~ons and ~~cumbances o{ ..ery na+ure on sa~o oeunbed poperty exh and svery
when due and p+y+~le xcad~nq ~o iaw. b~fae ~ReY del~.p~c~i. snd ~f ~he same s1+a11 not be oromp~ly pa~d ~he Ab.~qaqee nuy at ~ny t~me either beipe
a•/~er deLnauency par t6e ssme w~thoo/ wa~v~nq a aHccunq Me opr~on ~o fo.edou. a any r~pM Aerev~+der, snd everr p~Ymene so made sFall bex ~meres~ iro.n
+tie da~e thcreol ~r ~he rsre wo.~ded ~n u~d pom~ssory ~+o~e
3. io kep the b~ildrqs ~nd sll eqvipnent a~d persona~ poPerrY now a Aere~(ter oe+ said p~em~ses. cove+ed by this 'nortyaq~, i~swed in a sww ~t Ita~t
eqwl w tAe w+w~d ba4nc• of tAis mor~y~9e, inclvd~nq fir~, e,~erwed covera9e u+d vand~l~sm ~nd .nalic~«n ~newance as to popen~es other M+~n dw~llinys, and
Eire, eatended covera9~ and sPeci~l iwm ofhe? pe~ils imwmc~ on dwef~inqs eiiqble for s~ch broade~ed cwer_ie - prov"~ded. Aowwe+, that suth insutanc~ b~ in
•rnaw~t s~(ficient to compty wiM ~nY coirnw~nc~ rpuiremems coverinq s~me ve~der ~M laws o! tM ,~~t~ ef Ftwida, and w~ided hw+her t?~at tMe policy a poticip p
shall be writNn :n • con~panr o~ comparrn ~nd tMa~9~+ ~9~1~ s+tntsctory to ~he Mwepspee snd tMt said policy a policies sMll b~ h~ld 6y tM Monpsqa+
and sh~Sl bw a sbndard N~w Yak Mwty~q~e C4us~ withoW cootrib~f:on, makinq ~hs loss w+der said pol~cies piy~bl~ to tM Mortq~qe~ as ih IntMflt INy ip~lMi ~
and in tM ~vem ~nY s~wn of moner beca~ws P+YabM und~r ~rry svch vdKY w po~~ciea, the 1Nortqaqee sMll Mv~ fM evr~on fo receiv~ and +DP~Y Nw sanw on
xcouM oi N» ind~bNdness Ae~eby secwed, w to pKmi1 t!y Matqsqw ~o ~eceivt +nd uss ~r, a s~y par~ tMueof, fa o~Aer pwpasts. withart fMrebtr w~ivi~p
a:mp~~riny ~ny eW~ryr, lien, w riqM under and bp virtw o( this mwty~ye: +nd in the even+ the Mwt9sqor does ~+ot cor~pty with this covan~nt, Ihe Morty~~+ ~
may plac~ ~nd paY for wcfi insurmce, w~nY P+~t M~eof, wid~wt w~iviny a aHact~nq tM oWion to f««lo~e, a~ny r:yht herevnder ud the fvll ~mouwt o( exh
and evw~ such p~yrn~nt ifisll bt i~md~aiely dw rd wr+a~ Md sh+ll bear interest iro~ the d+te rhereof unGl paid a~ d+e rate prw~ded en sa74 nWe u~d to9edn* ~
w~t? sucl~ in?erest sMll b~ aecurecl bY 1ht INn o( thin ~nwtqsy~.
~
1. TAe/ we~tOoyM. ~wp, o~ aqr 1i~ dvri~ tM ~oAqo~ Nr~. o~d in iM d'nc?~tion, opphr fo~ r~d of ~ert9a~ YwraMr awrewt~ cow~iw4 M» ~
~orlpo0~ ~~t~cuud bp li» vnd~nipe~d on ~ww doN A~r~wriM. Pap ~IN Vremivw~ dw bp rww~ Hwrw~, ond rpvir~ repor~M bp tA~ ~wd~~siOn~d e1 ~
such owovnts o~ art od~onctd br wid rno~t9ope~. ~M erenl of foil~re by tM ~nd~rtiqe~d to npoy wid owo~nM b wid ~o~~yop~~. ~YCb ~oil~r~ ~Aall
b~ coasid~r~d o d~(o~h. ond dt provisions of N~e eoq ond wortyope ~.itb reqerd to d~fodt sholl b~ opp~~coW~.
S. To pern+~t, convn~t u wffN ro wua, i~~rment a deu.~wa~oe~ of ~~id D~oW~tY, a+^Y o+~~ rMr~o1. ~nd upon ~M f~iM~ of ~M muip~qw to fyeO tM
b~iid~nqs p~ uid poWrty in qood condition o( rp~ir. Nr Mw?9s9N maY d~m~nd tM imm~d~are r~pair o1 uid bui:d~.qf, a sn inu~au in tM ~n+ow+t o( Mcw~ryl. w
th~ imnwd~~t~ rp~ymw+t o1 ~M d~bt Aereby ~ecw~d anA tM idlur~ o( Nr Mat9+po? ro canPh w1tA s~iE d~m~nd d tM JMorty~q~ for • p~riod _of Minp (30)
d~Yt, shall corotitvt~ • bre~ o/ Nw~ mwtpsp~, and. Mr oWion of iM Mwtqp~~. ~m.n~d~~tely rn~tw~ eM ~ntin ~mo~+nt o} pincip~l snd inNr~s1 hs~tb'p
s~cw~d, u~d irr.ne~aNly and wilAwrl notit~. ~M ~~W9M m+Y ins?itvN proc~ed~nW ro(oncbs~ Mi~ mortyp~ ~nd apply fp tM ~pOointm~nt of • R~c~iver, as
?i; Fr,r.^.af!er p.o~~dc~ .
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