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TO HAVE AND TO HOLO the same, together with the teneme~ts, heredilaments and appurtenances, uhro the ~
Mortgagete, in fea simple. ~
AND tht Mo~tgagcx does hereby covenant with the Mongagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful ~ight to ao~?vey said land in fee simple as aforesaid; that it shall be lawful fot the
Mo~tgagee at all times peaceably and qu:etiy to enter upo~, 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 tand in the
Mortgagee as may reasonably be required; that he does hereby fully war~ant the title to said land and will defend the
same agsinst the tawful claims of a!I pe~sons whomsoever.
PROVIDE~, ALWAYS, that if the Mortgagor shall psy unto the Mortgagee the ce~tain promissory note of which the
following in words and figuros is a true copy, to-wit:
COMMUNITY FEDERAL SAVINGS AND LOAN ASS.OCIATION OF RIVIERA BEACH
~vr#~tt$e ~p#P
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RIVtERA 6EACH, FIORiDA Apri 1 ~ y~ > 19 74.
leinp ind~bad, for vdue ~eceived, tlr w~sgn~d lointiy a^d severally promise to pay to COMMUNIiY FEOfRAI SA:"NGS IWD
IOAN ASSOCIATION OF RIVIERA dEACM at its offiat in the Gty of Riviera s~x~, F~~a., a aa«, ~ENTY-NINE
THOUSAND TWO HUNDRED AND NO/100--------------------------------~SCS29.200.00 ~
„ ,+n~a ~ „~thti ~+.~~»M. ~ Two Hundred Forty-Five and 05/100-----
----------------oawrs cs 245.05 1. T1+e fint irotdlmcnt shatl be dv~ and p~yabls oe~ ~ tenth
d+r ~ October ~974 ana :~bs~~"' 'ns''~'me"n s!"~~ be 'w° '"a P'r+bl. a+ ~he tenth
day of ~ach and every wkndar mont6 the?~afie~ until tM p~i~dp+l ~Itd L~tNKt ~f! f11II~I Pi~.
l~r~r sums may be p+~d at ~ny time, but tF+e payment of any such lugcr sums in ~ddition to the paymer?fs herein requued sh+ll
not .elieve the malurs of th~ paymcnt of the monthty ir?stal4nents herein provided fw, unkss it is specifiully stipul~ted by th~ m~kas st the
r~me of p~ymcM that svch luyer sums sre to be ~pplied to 1he ~dvance psymeM of the momhly instillmenri next matwir?y in the ord~? of
tFrc'v due detK. All payments made upon this nots sh~Il be spplied fint to the payrn~nt of ~cvued in?erest and secondlr upa+ the PrinciWl.
Th;s oblg~tion sh~tl besr interest from date at the rate of ni ne 9. ~
pe. ..MUm w+t~~ the prMCip.t snd inre.esr .re fuly p.id.
Inrorest for each ukndx month sh~ll be ~cvued on the fust day of sdd month ~nd be computed on the unpaid bsb~u of principsl
and imcrest exwtiig 'oo the lut d~y of th~ preced~ng month. This oote shall be considered in default when a~Y paYment rpuind to be
msde hercunder shall not have beee m+d~ within thirty d~ys folbwinp its dve dsts ~nd shsll rtmsin in defauh until uid p~ym~nt sh~N
h~ve been m~de. Whi4 in defauh, tha note sh~tl be~r i~t~rest at the r~te of lOX P~? annvm In liw of the rate hertinbefo?e sDec+fi~d.
All m~ken and endorsers now or heroafter bccom~rg parties hereto janty ~nd severslly waive denand, nolice of no~-p+Yme^~ +^d
protast, and agree th~t in the event of d~fauh in thc psyment of any installment due hsnvnder tl+e wiab of s~id indebtedness shsll there- ,
upon ~r the optan oi the holder, become imnediately due and p+yabk. ~nd if this rate bcoomes in def~ult u+d is pf~ced in th~ h~nds ~
of an anorneY for colkction, to psy reua~+bk attome~/s f~es and all oth~r oo~ts for makinp such oolkdion.
ua
i ~ This nott may be pr~paid in whok or in part at srhr ~irt~e vr'~tia~t perwlq- 3
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~ ~ S/_Cale~~b~~ wat~=~_: -cs~?u ;
~ - ____..._._..__._.cs~,w ~
~ S/ A1 ice F. Mowatt ~___.._______.~cs~wu
~-AL~~~. I~WATT
----_-----------------...----~senu =
(This note b secued bY • mon~~ of even date euecutsd br fhe eer~kers in faw? of Community Federal Savinpi K?d loan Assn. of Riviet~ BeKh? ~
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and shatl promptly perform, comply with, and abide by each and every ihe stipulations, agreements, tonditions, and ~
mvenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void. ;
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AND the Mor~gagor does hereby covenant and agree:
~ i_ Io Wl~ aM ~nd si~qul+r d~e w~nc7pal ~ed inaresl ~nd aMr s~wns of monw P+7r+ble bq vktw of said C?omcssory not~ and this mwty~ye, a~ifl+er, vr~D1~Y
on ~M dws r~apMiKh. ~ wne s«wallp coM du~.
Z. io qy all and unqulx ~tie taaes. ~sses s, kv~es, lub~l~t~es. obl~qsteor.a and ~ncw.~bances of rvery ~a~vro on sa~o aeur~bed poperry each anA every
wAen due and paya~te xc«d.nq w ~~w, betwe ~he become deLnquenr, and ~f ~he sune sMll not be p.w.~p~hr w~d rAe Nb.~gaqee mar ar any ~~me e~the~ befwe
a af~ del~n~encr wr ssine w~rhow ws~r~nq w/tec~~nq Me option ro fweclose. o~ anY nqh~ Aercw~dcr, and everY par~m so made sMll be~r ~nterest f~om
.~ke da~e rhereo! at ~Ae rare qo.~ded m u~d pom~ y nWe.
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To kep Nie bvilfiinys ~nd dl pvip~nent r+d pera«u~ wa~~Y a hare~(rer on sa~d prem~us, coryed by rhi: mortq+q~, insured in a wrn H le~st =
~ cawl b tM u~paid b+4r+c~ of M~s mw~pr9~. inclvd.rq fir~, es~ended coverag~ se~d vandalism ~nd rrwlician inswance as to poperNes othN tFun dwe~Nrqt. ~+d
(~n, estended cwwa~ +nd sDKi~l twm other perils imuranc~ on dw~llirpi eliqbl~ iw svcA bosdened cover_ ~e - prov~ded, howtver. N++t s~rch inswanc~ b~ in
~ ~na+nt svi(ici~nt b ca~w~Y witA an~r co-inswsnc~ rWu~remer~b cove~irp sam~ under ~!w I~ws of fhe ~~aN of Florida, snd Mwided fwNwr th~l the policq' a po1iciu
~ ah+ll b vrritNn in + canP+ep w comp~nies ~nd tMouph +n +pencY s+tisiactory to Nr Mwt9+~e~ ~nd tMt ssid policy w polk~es sAdl b~ held bp th~ Mortys~„~,
•nd slrll bear • s~andsrd Nrw Yak Mor~yayK Clwn~ witha+~ contribv~ion, reykirq tht lou w~der s+~d poticip p~raW~ to H+e Mortqp~~ es ih imerest enay +ppes~f
snd in IM evenf ~enr swn of ma~Y beco~nef WYaW~ ud~r +rrp wch Vo1Kll w Do~icies, the Mortp~ge~ shall have tM eWion to r~aeiv~ and ~PP~Y tht ~aen~ on~'a
s«wm of N» inde6Ndneas her~M sacured, a ro Pa~nit N,e Mwty~qw fo ~euive and us~ rt, w+nv wrt tAxeol, fw Wher wi?vos~s, w~thoul tMrebp wirvieq
M
or "wnD+Hin9 ~rry equiM. or rigM uexle~ and b1l virtw of ~his wartq~q~; and in eM ev~nt tM Mwtq~yw does n~ comDly with this coverwnt, tM Morf~qe~~ t
wuy pbc~ ~nd vw fa such 'rnvarw. w+~w w?~ N~aeof. wiM~ad w~ivi~p w~ff~ct+~q tM oM~an to fa~ctw~, or +rhr ri91n herevnde~ and tAe t~ll o( eacfil/y~~~ :
; anA erwl? such v+ym~M sfi+lt bt isnwdiarely dw ~nd Wpabl~ ~nd sh~tl bw interes~ fran the date thusof un~il paid the rate P~ovided in ssid noN and fo~etF~erW i
, ` m -p
wiri sw~ iras+est sh~ll b secvr~a br ~he INn of thia ~nwt9+y~• t
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4. TIw1 ~wt'o~~, wor, et owr tiM d~riwy tb iworqa~ Nrw, ond iw ia diur~tiou, aVV~I~ fw r«~Nel 01 ~errY~W 9~~h iwwra~c~ cewrwp a
i
wwlye~~ ~~cvbd bp 11w vndenipn~d on ~we dob bern.Ah, pap tIN pre~ivws dw by rwww Nwrwf, ond rpvin repopw~wl br tM uwd~niOrwd e1
sYCI~ o~wrwts aa or~ odvonc~d bp wid nio.tOooe~. In tAe ennl of (oilur~ bp tM vnd~ri~pMd ~o r~por wid oiwwreM to w~d ~o~fYupN, arch (o~Yr~ sAoll
b~ cow~id~r~d o de(erh, owd dl Oro~risiows of tM wo~~ w~d wort9o~~ w~th reqord ro d~(oult iAoll b~ opp~:cobb.
S. To v~mi~, eonvn~t or svffa no wa». LnP+ir~m w d~N.ian~on d uid prop~rty, or ~nr D+~t Nwwf. ~nd uaw~ Nw /~ilw~ d. tM erwrtyaqw b k~ap tM
build~nqa p~ s~id pop~rfy in yood <ondhan of rp~ir. Nw Ma~9~9N ~t d~^~^d tM imm~Ai~t~ rep~ir of said buitdinqs, w~n inveas~ in th~ ~mo~n1 d sacu?ity, a
'Nw in~i~wdl~» ~~phrnwn~ of ~M dab henM suw~d ~nd Hw i~ilur~ of Nw /wortoayw b ewno~y w~th sa:d d~enr+d of ~h~ Mor1~9K (or ~ pKiod of Mirh/ (70)
d~rs, shdl ca+ur:t~r~ • brs~cA of dws To~tO+~, and. ~t tM op~~on of eM Mort~s~, imned'i~aM nwtute ~M entin arw~rK of w~ncip~l s~+d inh?est henM
~~cv.:d. ~nd imrK3~H~ly ~nd wiThwl noirq. Nw Ma~WpM ~Y inafitvN poc~ed~nq~ fo fa~clos~ this mo.iyap~ snd ~OV~Y tw tM sP~~nrn,e~~ oI a R~c~~~er, a~
Fr.t ••i~~e. p.a.;'!rd.
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