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TO NAVE AND TO HOt~ the same, together with the tenements, hereditaments and appurtenances, unb the
Mortgag~te, in fee simple. '
AND the Mortgago~ dces hereby covenant with ihe Mortgagee that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful right to convey said land in fee simple as aforesaid; that it shall be lawful for the
I~~tortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from all incumbrances; 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 hereby fully warrant the title to said land and will defend the
same against the lawful claims of all perso~s whomsceve?.
PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which the
following in wo~ds and figures is s true copy, to-wit:
~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
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~ ~~r#~x$e ~D#P -
I RIVIERA BEACH, F~ati~~ February , io 74 -
Beinp indebted. fa wlue reuived. tM underagned ioimly snd uverally promite ~o pay ro COMMUNIiY fEOERAI SAVINGS /?NO
IOAN ASSQCIATION OF RIVIERA BEACN ~t its offics in the City of R'wiaa Besch, Fbrida, a wder, tM ium of THIRTY-FIVE
~THOUSAND SEVEN HUNDRED AND NO/100-------------------- ~ 35,700.00 )
„9~,~, w;,,, ;,,h,~:, ~h.~~,~, ~«;~.f~~. :?.,~a ~~nW M,~.um.~n ~r Three Hundred Twenty-One and
21/100------- oaw~s ts 321. 21 The fKtt installment sh+ll bc dw ~nd payable on tht tenth
day o( July 19 74 and subsequent installmeMS slull be due snd p~y~bl~ on tenth
d~y of esch ~r~d every uknda~ mo++th theresher unlil 1M princip+l a+d interest ~r~ fully paid.
l~rger sums may be paid at any time, but the payment of sny svch larger sums in sddition to tM paymems hcrein required shaii
not relicve the mskers of the payment of the monthly irutallments he?ein providcd for, unleu it is spccific~lly stipul~ted by the m+kers at the
u
r~me of psyment th~t such laryer surtu are to be applied to the advance payment of the monthly inttallments nexf maturing in tl+~ wder of
rhe~r due dates. AII payments msde upon this ~?ote shall be applied fint to the psyrn~~t of acaued interest and tecondly upon ~he princip~l•
This obligstion sFull bear interest from da~e s~ the rate of nlne PK am ( 9. 0
per an~um until the principal and interat ate fully p~id.
tnterest for e~ch cakndar monlh shsll be scuued on the fi?:t day of said month and be computed on the unpaid balsnce of prir+c~p+l
and interest ex~sting on the last day of the preceding month. Th~s note sh~ll be cons~dered in default when ~ny p~YmeM re4uired to be
madc F~creunder shall ~ot h~ve been made wi~hin thirty days folbwing in due date and shall remain in def+ult unti) said paymsnt shall
have been made. While in def~ult, tha note shall be~r imerest at the ?ate of 10% P~r annum in liev of tt~e ra/e her~inbtfore specifi~d•
All makers and endasen rww or hereafter txcoming putiet hercto joiMly and uverally waive den~nd, not~oe of non-paymem a~d
protest, and sgree that in the evcnt of def~ult in the p+yment of ~ny i~tallment due henunder the who~4 ef said indebtedneu shall there-
j ~pon at the option of th~ holder, become immediately dve and piy~ble, snd ff tfiis note beoomes in default and n pbced in tF~e Mnds
j of an anorney fw colleqion, to pay reuo~able sttwney's fees and a{i o~her costs for mikieg such colkction.
t
This note may be prcp+id in whok w in paA st anr time witho~rt pendry.
i
i s1._ Lio~a _c. Wilson . _._y__cs~+u
; LLOYD G . WILSON _ `
a
~ S Millicent Wilson.____._____ ___.~.~?u
---L----f_ -
~ MII,LICENT WILSON
~ : lSEAU
~(This note a sccv?ed by • mortgage of even date exeMed br the m~ken in £rior of Community Federal Savings snd Loan Assn. of Riviet~ BeKf+?
;a
s
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~ and shall promptly perform, comply with, and abide by each and every the stipulations, 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 tfie MorSgagor dces hereby covenant and agree:
~ to wr a~ ~ s'^9i4r ~M aindp~l ~nd iMeresf ~nd other swm of mooeY WY+~e by virtue of ssid promissory note and this morty~qe, a eitl~es, prompdY
x; on rn. a.r. ..,o.c.ively. N+. ..me s~v+.~~y cwn. eu..
1 To pay all anA s~~9ulu tAe t~•es. +ssnsmenb. lev~es. Lab.lmes. obbga~~w+s and .ncumbarxcs of rve~Y narwe o.~ sa~o oexnbed properry ~~cA and evefY
..hen d~e and payaEle xcord.nq ro law. Ae1we ~heY be~or^e del~na,en~. ~nd ~4 ~he s+~+e ~ha11 no~ be pomprty pa~d H+e Morrgagee m+y at any r+me either befo.e
.*f~ afu, del~nque~cr wr same w~rnoof w~~v~nq w alfec~~oq ~he opnm to Iwedose. or any .~qh~ he.ev~de.. a~d evrr v+Y^'enr so made sRall bear ~nteres~ lrom
;°3 •`e da+e ehereof ar rhe rare ao.~ded sa~d Wom~sswr ~ou _
3. To kep the bu~ld~nqs ~nd ~11 pvipment and personal poperty now p hcre~(ter on said p~emeses, cor~cd by th~s n+orrg~ge, imwed :n • swn ~1 k~tt
- eowl lo the vnpaid ba~anc~ of thia morl~9e, incl~d~nq fir~, e~rended covera9e ~nd v~ndsfism snd matic.ovs ~murx~ce as to p~operties otMr than dwellinys, u~d
f~re, e,tended coverape s~d specid iwm other perils irowsnc~ on d+~ellinqs eligble fw such bwdened cove,_ ~e - Mov~ded. Aowever. tMt svch imuranc~ b~ i~
'x; ~mow+t 11i~{KiM1 ~o compl~ witA any co-irovrsnc~ rpviremenn caverirp ssn+e v~de~ ehs laws oI the ~tst~ oi F{w~d~. and provided iwtha that the policy Of pOliCiM
~MII E~ wn+~en in • comp~~Y a cwnwMes +nd fhraqh +n ~9~MY s+tislxtory to tM Mortqaqee and that uid policy a pol~cies sMll b~ held bY tM Mwt9sy~e
•nd sh~ll b~~r • s~a~d+~d N~w Yor4 Mortp~qe~ Clavs~ witl+ov~ contribn~on, mak~nq the lo~s ~nde. sa;d pol~cies wr+bk ro ~t~e M«~y~o~+ as ib inta~est m~7r ~ppe+?: ~d
a~d in tM event MY swn oi money becon+ts wYabt~ ur~r any such policy a po~ieies, tAe Mwtqaqee sl~sll Mve tM option to reteive ~rd ~pply IM sam~ on O~
~ account of ?!~e indeb~edneas Ae+eby sacwed. o~ ro permif the M«tqapw to fKN~I! snd vu n, o? sny part tAereof, fa ml~er pwposta, withou~ tMr~bq wsivirg ~e
or impa:rinq a~Y ~quify. I~en. a riyht ~nJer +nd b1r virtv~ of this mwt9sye: snd in the event the Mo~tgsgor dots not torry~ly witF~ ~h~s tovenant. Nw Mort4~9~~
~ may pl~c~ wid p+Y for sud~ insw~nce. or a~v ~an Nxreof, withwt waiv~ny w ~H«r~nq ~M opnon to f«eclost, a~nr riqht Aereamder snd Me fi+ll ~mawu ot ead~
`r and evw~ wch paYment shstl be imrn~dis~ely chn ~nd pY~~ +~+d sh+tl ber inte~es~ /rwn tM date rhercof un~il psid st Ihe rate Wovided in said nd~ ~nd to9ether
with sud~ inleresf sFrli b~ settrW bY IM I~M oF d~is nwrtgaye.
4. TMsf ~orf~o4N. ot owr KM d~rieq tl~ ~oAyoq~ Mrw, ond in ih Aiscretion, opplp fw r~w~wd of ~w?yop~ yoaroM~r insrro~c~ cowriw0 11?~
~
°:=i p~ir~ repop~Net by dM W~d~rsipn~d O~
~wrpop~ •:«~+.d br tM vnd~rsqn~d ow ~~tn dot~ 6enwith. pop tM pr~n~iuw~f dw br r~ason tMr~o1, owd r
such o~ovnM os or• od.onc~d br wid wortpopet. In ~M e~~nt ol fo~lvre br ~h• ~~d•n~p~•d ro r~por wid owa~nh lo wid war1po~~. ~utA lod~r~ aMoll ~~y
b~ con~id~r~d o dt(ovN, owd oll prorisions o~ tbe wo~~ oed ww~tqoye vri?h nyord lo d~(o~lt sAoll b~ opplicoW~.
~.x ~
S. To ONm~t, comrn~? or ~~f(~r no wnt~. ~~w+~rm~m a dNe.~a~t~on o1 u~d p~ow~~Y, w~^v w•r ~herwf, and uva+ ~M failwt of f1N m«tyaqw ~o k~ep Mw
n=~ bviLd~rps on uiA WoDMtY iw pood cond~tion of r~D+ir,r~ Mwtap~~ m~Y d~m~nd fM imned~~N r~Wi. ol sa~d b~~td~ro, w~n inc.en~ in M~ ~ma+nt of secu~ity, w
' rM ~~ed~~q r~wYment of tM debt Aer~b'r s~cv~~ : ~ tM f~ilw~ o( Nw Mwtv+qor ro cwnvly w~th said d~~ of iM Mwfy~pee fw ~ p~riod o( thirry f90)
' d~vr. sMll constitu» s beuh o1 thi~ m«tq+p~, ir'~._ rM opt:oe~ o( Nr MwtyaqK. ~m~ned~~~~ty nw~w~ ~M ~r~ sn~t of w~ncip~l and ina.~s~ Ae«M
~
~r~ sec~~red. •nd im.~t~~~r~ly •nd wifhoW nWit~, tM Allwtp~yN tn~y i~stilvN proc~edinqs ~0 1d~clos~ Mis n+wtq~p~ ~nd Wplp tw tM aPPO~nrmene oI • R~c~~~er, n
rr.e p~o-..-~e'
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