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TO HAVE AND TO HOID the :ame, together with the tenements, he~editaments and appurtenancea, t~ro the
Mortgagee, In fes simple. i
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AND the Mort~agor does hereby aovenant with the Mortgagea that he is indefeasibly seized of said land in fee simple,
that he has full powe~ and lawful ri~ht to aonvey said land in. fee simple as aforesaid; that it shall be lawful for the
AAo?tgagee at all times peaoeably and quietly to enter upon, hold, occupy and enjoy said land; that said Isnd is free
from all incumb~ences; that he will make suth fu~ther auurances to protect the fee simple title to said land in the
Mortgagee as may ~easonably bs required; that he does hereby fully war~ant ihe tiele to said land and will defend the
same against the lawful claims of all persons whomsoeve?•
PROVIDED, AIWAYS, thbt if ths Mo~a~w shall pay unto the Mortgagee the certain promissory note of which the
following in words and figures is a trus copy, to-wit:
f COMMUNITY FEDERAL S/?VINGS AND LOAN ASSOCIATION OF RIYIERA OEACH
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~ ~ur#~~$e ~a#e
~ RIVIERA 6EACM, FIORIDA August 13 74
! Minp ind~bt~d. fa v~lue receiwd, th~ undenge~d lointly +nd severally promiN to pay w co~w?uNFORTY FIVE A~
IOAN ASSOCIATION OF RIVIERA BEACM its offio~ in th~ GtY of Riviera e~~ch, florida, or ordK. fM swe of
oou~us l~ 45, 000.00 ~
THOUSAND AND I30 HUNDREDTHS
I+oy~,~+.. w~+l~ iro~...• ?h..ew+ as he«N,.t?~. ~~,r.d ~+omtdy ~nst.~4~rro. of THREE HUNDRED EIGH ~ IVE
~ and 3 8/ 10 0--~ootuRS ct 3 85 . 3 8---- ~ Tht fin t inttdlment sh+ll be dw and p+y+bk an tM " 1 O~h
; d.Y ot SEPTEMBER ~9 ?4 .na .vbswv~,t b• •~+d p.r,bl. +h~
~ d~y o~ each ~nd ~wry ulenda moMh then~her until th~ principal and inter~st ue fvlly p~+d.
i
i lsr~tr sums m+y b~ p+~d ~t +ny time, but the P+N"+~^t of ~ny such larg~r surrw in +ddHan ro tM p~yments hereir~ rpvued sh+ll
~m r~lieve the maken of tiw p+YmeM of th~ month(y i~utal4nn+ts herein provided fw. ~x+kss it is speciikally stip++lated by the m+4~rs at tM
i rirne ot paym~nt tMt s~och lar9er iwns ue to be +pplied to t1K sdvance psYment of the monthly irotapmenb n~xt ~n+turin~ in tF+~ o~der o~f
~ tl+e~ dw dates_ All payments mad~ ~pon this ~wt~ sh~f! be applied ~int to tM p~ym~r~t of ~cuued inte~at ~nd secondM ~Po^ P~"~iWl.
! 11rs obly~tion si?~11 bear interest from dst~ at th~ rat~ of nine and one fourth p.. o.M ( 9• 2~
~ per ~?num w?til th~ princip~l ~+d interat ~re fully p~id. •
Interesf for s~c}~ caknda~ month slutl be xvued on the fint day of s~~d month ~nd be computed on the w?paid bat~nct of pir?dp~l
~ and interest s:istinp o~ tAe lut day of the preccding rnomh. Ti+is note sh~ll be cons~dered tn defauk wF+en ~ny paYment nqu'ved ~o be
m~de hereunder shall not Mve bcen mad~ within tliKty days folbwinp its due d~te and shall r~m~in in defwh u~ti) s~id p~Nmtot sh~n
! luve beco mad~. While in defauM. ~h~s note sFull bea imcrtst at tht r~a of lOX P~ +~u+~^+ lieu of the r~te htria?b~fwe specifid.
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All maken and ~ndonen now w hereaher b~cominy pa?ties heroto jointly ~nd sever~lly wsive derurtd. not~u of non-paYmsm u?d
i protest,'and apre! th~t in the~ event of dsf~ult in tht payment of +ny i~ulln+ent dw Mreunder the who4 of said indebtedneu sMll there-
i upon ar fIK option of tlw holdv, baome immediately due «,d P.r.b~, and if this note beaorn~s in d~f~~lt u~d b pl~ced in tl» funds
of ~n a»ueeY for coll~ctio~, w p.y nua+.ble momey
s fe~s and all o~h~r cosn fw makirg svch cdlection.
+ }'hk nplt may b~ pr~paid in wholt w in p+A sl snr t'~me wAha+t penahy.
{ i _ s[_philip R. Braden ~________..~wu
~ s / Evelyn Braden
- I ts~w
~ ~
~ (11ds iwts b ~eaw~d by • mon~~ of evee~ d~te executed by ~he m~ken ~n fa•+or of Commwiity Fed~?+1 S+~inp's ~+d of Rivier~ OeKh)
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 creased shall cease and be null and void.
AND the Mortgagor does hereby covenant a?xi agree:
1. To W11 dl and sinq~rl+r fM w~~P+~ snd inaresl ~nd othK sums d a~ontp W1+~ M~ vinue d said pran~swry noN and this morty+v~, a~ithu, prampfb
~ on IM drri nsYM~~~Y, tM swne s~v~r~tly cawr du~.
t. io paY dl ~nd unqulsr ~l~e uses, nsessmenrs. k~KS. I~abt~+~es, oblgauons a~d ~~c.nnbances o~ ~ery narwe on aa~a orscnbed pop~rty exA ~nd every
' when d~.e and wy+b4 xcad~nq *o law. bel«e ~hev becane del~^we^~. +nd i1 rhe same-sh+U no~ be p~ompHy w~d rhe Morrgaqee .ruY at ~ny t~ine ei~her befwe
~ a a(ee~ deUrquencr O+Y same w~~tw~n w~~v~~g w affect.nq ~Ae opuon to f«eciou, or +ny ri9h~ Merevndrr. snd e~my P+v~^r so made shall bear interes+ from
~ rtie dare Merepf ~he rare prov~ded m sa~d pom~ssav ~o~e
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3. To keep the b~ildinqs snd all equipment and personal property now a heresfter on uid premises, covered by this mort9s9e. ins~red ~n • avm ~t least
~ eqwl to tM w+paid b+lse~c~ of th~s morf9+9e, inclvdi~q f~re. flood, e¦acnded cove.sge. v~ndal~sm, m~l~uovs m~sch~ef. ~nd snr orher co~erape req~i~ed by the
mort~ges, u to properties orher ehan dwellinqs, +~d fire, flood, estended cover+qe, specu4fwm oNror•pc+ils ~~s~r~nce, and ar+y other coveraye required by
the morty~pee, on dwetlirgs eliyibte fw s~ch broadened covers9e - prav:ded, however, that s~ch ~nsurance be in an smw~m sufficient to comply wiM any co-
imwsnce re~iremenb covering sam~ v~der ?he taws of tAe Stare of Fbrida, and provided fwthe~ that the policy or policip shall be wrirten in s companY o~
companief ~nd thro~+yh an ayency sat~sfsctory ro the Mwtgaqee snd that said Policy or polides shall be held by tl+e Mwtqaqee md sAsll bear a st~ndard N~w
~ Ywk Mweqagee Clsvse wifhout contrib~~~on, makiny the loss ~~der s~~d Pe~K~es Psvsble to the N4ortyagee as ~rs ~nteresf m+y ava+r; and in rhe ever+t any swn
~ of moneY ~~s WY+ble undc+ ~ny such policy w policies, ths Mortgsgee shstl have the oprion to receive snd spply rhe same on xcow+t of rhe indebttdnes~a
~ her~by secured, or to permif ths Merfysqw ro receive snd ~u ~t, w ~ny patt thcreof. fa oeher purposes, witlw~t tlxreby wa~ving a~mpa~r~np anv equ~tY. ~~+0?O
a ri9ht u~der and by virfve of this mor~y+ge: anA in tFK evcnt the Mutqpor does not comphr w~th ehis core~snt, the Matgaqee msy Plxe snd p+Y fw s~cl+~~w
inswsnce, w a~y part thereol. w~~ha+? w+'~'^9 a sffecti~g tfie optioe~ to foraclou, u sMr riflhr herevnder, and ~he f~ll amax+t of exh and every such Wyment~
ihall bs immed~at~ly dx and paYable, and shsll bear ~mnesr f~om rhe date rhereof unril pa~d sr rhe rate Wwidcd in ssid nore snd toge~her w~rh s~ch imer~st
shall b~ ucured by th~ li~n of this mort9aye. Inwrance coverinq tM peril of flood damage shafl be as requ~red by tlx Federal D~saster Protcction Act of 1973,0
a~s smended, and rnort9+qa cw'e^+^b +nd aq~ees to comply i~ sll respects wirh the provisiom fhereof. '
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I. That mwtqaqee may, st sny r~me during the mwtqage term, and in its d~unt~on, apply for renewsl of mor?9+ye y~++ru+ty inswance covcring tM
mwfgsge e~ec~ted by the ~ndersiyned on even dat! herewitFr. WY the D«"'ivms d~+e bY reason thereof, u+d requ~re repayment by the ~~rsiyned of s~xh ~
~ amounts as ae aduanced bY ss~d ^+artpa9ee. I~ rM evcnt of failv~e by the underaiqned lo rep~Y said +mounn to s~id mo?Ws9ee. such f~ilure ihall be ca~- ~
~ s~dered a d~fsutt, and alt provuions of rhe no+e and morfysge w~rh reg+~d to deiwlt ahall be app~~uble.
~ S. To aMm~t, canT+t w wH~? no wuf~, iinW~n.wm a d~Nr'ror~tion o( ~aid prop~rty. or a*f~ o+~~ fl~~o1. ~nd vvo~ ~M I~ilw~ d fM rnortp~qo? to k~ep M»~
build~nqf on sa~d p+oD~~ty in qood <ond~tan oi ?p~il, tM ~Mortp~qN rnly dMred tiN i~rnedi~n repair of said bvildinqr, a~n inu~~s~ in th• •movM of tetw~rv. w
~~.-.Q~.er• reo~..,,..e^t ci rh~ debt ha+lby sKVr~d ~nd tM I~iluh Of dN Abrty~9W to eo~nP~Y wilA ssid dNMnd of tIN N1wtq~qee for • G+~~od cf •h..rl .30:
. i r~~c mortqaq~. ~nd. N Hr aF1:on oi tlr Mon9+9M, im~d~~f~ly m~fur~ Ih~ MNir~ anowa of O~inc~p~l and
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