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TO HAVE AND TO HOI~ ihe same, together with the tenements, hereditaments and appurienances, unto the
Mortgagee, in fee simple.
AND the Mortgagor dces hereby mvenant with the Morfgagee that he is indefeasibly seized of said land in fee simple,
that F?e has full power and lawful right to convey said (and in fee simple as aforesaid; that it shall be lawful for the
A4ortgagee at all times peaceably anc~ quietly to ente~ upon, hold, occupy and enjoy said land; fhat said land is free
from all incumbrances; that he will make such further assurances to protect the fee simple title to said land i~ the
Mortgagee as may reasonably be required; that he dces hereby fully warrant the title to said land and will defe~d the
same against the lawfui claims of all persons whomscever.
PROVIUED, ALWAYS, that if the Mortgagor shall pay u~to the Mortgagee the certain promissory note of which the
following in words and figures is s true copy, to-wit:
~ COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATtON OF RIVIERA BEACH
i
! ~~~r#~~~e ~D#P
~ RIVIERA BEACH, FIORIDA /TPR ~ ~'4 / ~ 19 ~Q .
Btuy indebted, fw wlue ~cceired, tM unders~ned 'pinNy and uver~lly promiu to pay to COMMUNITY fEDERAI SAVINGS AMD
IOAN ASSOCIATION OF RIVIERA BEACH ~t ih office in ~he City of Rivie.a BeuA, Ftorid~, w ader, Ihe ~um of ~ENTY-~0
~ TNOUSAND FIVE HUNDRED AND NO/100--------------------------------oow?~sts 22,500.00 ~
W;~h u ~.~;~,r~~, ~~.t~a ~~h~Y ~?.~~~~n ~r One Hundred Eighty-FivE and 75/100
----------------ppUARS (i ~8rJ.75 T1+e fi~st inst~llm~nt shall be c'ue and payabk on the t~nth
d~y of June 19 74 and :ubsequent inst~llments shsll be due a~d payabk tenth
d.y of each and every cakndar month Ihereaher until ~he princ~pal and interest ere fully paid.
Lugcr sums may be paid at any time, but the payment of any svch Isrger sums in addition to the paymems herein required shall
nor .elieve the makers of the payment of the monthfy installments herein provided tor, unless it is specifically stipulated by the makers ~t the
nme of payment thst such luger sums are to be applied fo the advance payment of the monthly installments next maturing in the ordt~ of
rhe~. dae dates. AII psyments m~de upon th~s ++ote shsll be ap~tied iirst to the p~yment of ~arued interesi and secondly vpon the priecipa~•
This obligstion shall bear intucst from dste at the r~te of ei ght & ei ght-tenths per tNM ( 8. ~ 7G)
per annum until the principal and interest art ~vlly paid.
Interest fa e+ch cakndar month shall be scuucd on the flrst day of ss~d month and be computed on the unpsid balance of princ7pal
s.~d in+erest ex~sting on the last day of the p~eceding month. This note shsll be cons~dered in defautt when any p+Ymenl reqv~red to be
made hereunder shall not have been msde within thi~ty days followinq its due d~te +~d shall remain in default ~ntil s~id payment sMll
have been made. Whik in default, th:s note shall bear inte~est at the r~te of 1096 per ~nnum in lieu of the rate herei~bafae spec~fied.
All maken a~d endwun now or he~eafter bccoming parties hereto jointly snd uverally waive den~nd, notice of non-paymem and
~ protest, and sgree that in the event of default in the psyment of ~ny inst~llment due hereunder the whole of said indebtedness s~all there-
~ ~pon at the optan of the holder, become immediateiy d~re and payabk, ~nd if this note becomes in def+ult and is plued in the Mnds
f of an attorney for colkction, to pay re~sonable attorney's fees ~nd all other cosh tor making s~ch colledio~.
t
? Tha r+ote may be prepaid i~ whok o? in pan s~ an~ rime wiihout pen~hy.
i S/ Anthony C. Pallon
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- ANTHONY---~: ~PA1Z~-~- -
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~ S/ _Patri ci a A. Pal l on----------_---- ------------~u
~ P~AT~fCIl4 A. PALLON
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> ;(This note is sec~?ed by • mongage o( even date execvted by the maker~ ~r. :avor of Commu~ity Federal Saving's and loan Assn. of R~viera Beach)
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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 creat~d shall cease and be null and void.
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~ AND the Mor9gagor dces hereby covenaM and agree:
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1. io wY a11 and siny~~ar ~M pr~ncip~t ~nd iMNH~ ind o~her sums oi mw~cy paY+ble by v~rtue oI uid Prom~ssory r.o~e and this mortyaye, or tither, pomptiy "
= cn tM daps reip~ttivety, th~ s~me srverally conr dw.
1 ~o pai a11 and s~~9~lu ~be 4aes. +ssess+ncn~i. kv~es, Lab~be~es. o~Lga~~w+s and ~ncu..~bances o4 •.ery naru~e o~ sro oew~bed woDe~ry exh a~d eve.y
~„3 :.~en d~.t and pav+~~e accad.nq ro la.v. befwt rhev b~cw*t dehnquenr, and ~f +l+e +amt s~all no~ be eromp~ly va~d Me Nbrtqaqee may at any hm! enlxr befo•e
_ ~ afee. del~nave~cv v+~r ~he same w~rt.oaf wa~r~nq m affec~~ng eRC opnm to foredose, o. any nqht ~ere~•nder. •nd ~vrrr parmenr so made shatl bear mtrne }ro~++
da'e rFe~eo~ a+ ~~•e ra+e wo.~ded sa~d D~a^~stwy ~ott
- ~ To kep the bv~ld~ngs ~nd a~l equipmenf ~nd personal pfope.fy now or here+~rer en sa~d Wem~ses, covered by th~s mor~gag~, insured in • s~~n ~t lsast
e~wl to Me unpa~d Da~snce of th~s mwtg~ge, ~nci~d.~y /ir~, e¦tended cwcrage ind vandal~sm and mal~c~ous ~~s~~snce as to Woperties oM~er than dwellinqs, snd
- h~e, e.~ended covera9e snd special fwm other penls insuranc~ on dwelfngs eligble 1w avcb Moadened cove.. ~e - prov~ded, however, thst sach insw~nc~ b~ in
~mouot svlf~c~eM to conplY with any co-~rooranc~ rpo~remenri covering same vnder ~hs laws of Ihe `_b» of Flw~da, and pro.~~dcd ~v.rMer tbst tbe poliq a policies
sMll be wnnen in s comprnr w comp+nies ~nd throergA an ~yencY s+t~s(xtory to Nro Mo.+ya9ee snd ~Mf said policy or pol~cies sMll b~ held by tl~e Mortqsgee
•nd shall bear s standard New Yak Mortyaqe~ Clav~ w~thwt co~rrib~,t~on, msk~nq ~he Ims under se~d poluies paysDk to ~he 1Mortqaqe~ aa its interest +ruy iW~ex:
and in ~M evem ~ny swn oI mw~ey becomes p+Y+~ +~Y s~xF~ pol~cy or po'~c~cs. Me Mwtgagee shall Mve the option to rece~ve ~nd apply ~M um~ on
rccount o/ tMe ~ndebtedncss hereby sctvred, w ~o permil tM Nbrtqaqor to receive and usc ~t, w any part thxeof, iw other qwposes, witho~t tMereby wsivinq ,pC
cr .mp~iriny anY eW~h. I~en. or r~qAt wnier and by rirtw o} this .~wtysye: and N+ the evmt the Mortgs9or does not canply with tA~a coren~nl, tht Nbttgaqe+ O
- m~y Ol~c~ ~nd psy for s~cM i~n~r~nca, w~n~ put tfiereof, wi~hout wiiviny p~IIKIIn9 tFN oprion to i««fose. w anY riqh~ hercunder and ?Ae f~ll smount o( e~ch
- and ev~ry sucA paymen~ shall ~e :mm~diatefy dw ~nd p~y~bb ~nd shall bear interat from the dafe Mereof unnl p~id s~ ~he rare p~ov~ded in uid not~ ~nd to9ethe? ~~w
,,„y w~tA sud~ interpl shall b~ aecwe0 bY rhe I~~n o( tl+if enorfqaye.
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1. Tlwt ~ort0op~~. ~oy, at owr li~ d~rin0 tA~ woAqop~ Mrw, ond in iri di~cretion, aPdr fo? r~w~rd of wortyop~ yro~onlp iwtvronu cor~sinq iM
_ ww~oy~ ~:~nrled bp tiw vndenpned on ~ren dole i~er~witl~. pap fhe pree~i~ms dv~ br r~awn eMreoi. oed ~fQYir~ repopewnl br ~M ~wd~rsiprNd of ~
~~cA owa~nM os ar• od~onced br wid ~ortpopee. In tAe errn~ oi Fo~lure br ~he und~rsiyned M r~pop w~d an~o~nN ro wid wwrtyop~~. ~uch loil~r~ ~Aoll
b~ consid~r~d o dslo~h, ond ol) pio~isions of Ih~ noN ond rwo~tQoye wifh reyord to d~fo~ft sholl b~ opplicobl~. w-
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" S. To pe~m~r, comm~t w wffer no wast~, imp~~rment o~ d~tpiaNion of said p.op~rty, o~ ~nr v+.e thereof, ~nd ~pon +M f~ilwe ol tM nwrtq~qw to k~ep /M ~
bu~ld~nqs on u~d propafy in pood cond~tion of rp~ii, tM Mortq~qw may d~nwnd tM imrrKd~~te rew~r ot sa~d bu~td~nqf, or ~n inue~s~ ~n rM ~mowN of secu~~ty, w ~
rh~ inw+wd~a» r~rment oI tM deD~ Aereby secwtd «+d tM h~kx~ of t!r IY1wty+pa ro comply w~~h sa,d dem~nd of tM M«~qayee fo~ • p~riod o1 thwt7r (30)
d~w, shdl cant~tut~ • bre~ch o/ Mis mwtp+9~. ~nd. N tM opt~on of tM Mwty~q~e. ~mmed~ately r~at~re ~M entir~ ~mo~ml oi p:ncipal ~nd inqre~? he~~by
ur~.ed. ard ~T~^e~~~e~ly •nd witbou~ notie~, tM Mwrqaq~ ~y imtiM~ p~u~ed~nqs ro foreclos~ ~h~s marq~pa and apply fw th~ ~ppo~ntrrene of ~ RK1rvN. •f
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