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TO HAVE AND TO HOI~ the ~me, together with the tenements, he~ed~taments and appurtenanuss, unro ths ~
Mort~syee, in fee simpt~. }
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AND the Mortqsyor does he~eby aovemant with the Mortga~see that he is indefeasibly seized of ~id land in fee simple,
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that he has full power and lawful ~i~ht to oonvey said land in fee simple as afo~esaid; that it shall be lawfui for the
Mo?tyagee at ali times peaoeably and qui~tly to ente? upon, hold, occupy and enjoy said landj that ~id Isnd is fro~
from all incumbrances; that he will make such fuhher assuronces to protect the fae :imple title to said land in the ~
Mortgs~es as may reasonsbly be roquire~; that hs does hereby fully warrant the title to said la~d a~d will defend the ~ ~
same against the lawful claims of all persons whomsosver. ~
PROVIDEO, ALWAYS, that if tM Mort9ayor shall psy unto tAe Mortga~ee the ce~tain promiuory note of which the
following in words and fi~ures is a hue copy, to-wit:
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA dEACN
~IIr#~tt$e ~o#e
R~view? e~?a+, aat~a? September 22, » 75
~ leinp ind~bbd, fa v~lw rsuiwd, th~ w~dKSiqn~d joirbly snd severalb Momis~ to pay ro eo~uN~Tr ~oew?~ s~?v~wGS rwo
IQAN ASSOGIATION OF RIVIERA !E/1CH oft+o. cs~,? of R~?».. e.,~,, Fi«~a., a o.da. ~..ww of THIRTY TH4U
AND NO HiTNDREDTHS------------------------------------oou~s a 30, 000. 00 ~
t~h.. ~~+a..st ~»*.a+ h.~.~.r+.. ,~.na ~~++hh? ~t+aM.m. of TWO HiJNDRED FORTY SIX and ~
~i5/100-________oou~s ts 246. 65 r~~ ~+.n b. a,~ ~a ~r.w~ o~ ~ benth '
! d.Y ot March ~9 ?6 .~d :ubuq~,.m h.~.u~»ms st~.n b. du. a~+e P,r.w. a+ d,. benth ~
d~y of each ~nd wery uMndw momh thenahes umii ths princjpd and htaat an fuil~r p~id. ~ t
l~rger sumi nwy b~ paid at any time, but tM paym~nt of •ny svch la~er avn~s in addition to tM paynK+~ts Mni~ rsqui~~d s~rN ~
not nli~re tM mak.n of r!r p.ym.m of H+e mon~My troaltn,e~n he.eM provided fo~, ue~kss i? is sp~c:fk~tl~r sNpul~Nd by tM nMbrs ~t t!w ~
r~me of p~yment that such la~er :ums ~ ue to b~ applied ro the adv+nu psYm~m of _ th~ monthlr Mstal4nenb n~xt m~twirg h the order d ~
their du~ dates. All payments m~ upo~ this note :1~+11 be ppliwd fint to th~ paytnMt of ~caud intenst and seoondly upw~ 1fir princip~l• ~
ihis oblg~tion ah~ll bear int~?st from daa at th~ nM of eight and three-quarter. a? 8. 75 ' X'~ ~
p~r ane?wn unril tM priexip~l ~nd intetest an fully p~id.
In»rest for each ulendu month shall b~ +ccrued on tM first day of said month and b~ oompvled on the unpaid balinw of princips~
and interest existing on the lut d~y of the preceding month_ This note shall b~ aonsidered in d~fault wha+ anY p~Yment reqvired ro bs m+de
hereunder shall not haw been msde by its dve date and sMll hmain i~ def~uh until said p~yment shsN have been m+de. Whik in d~fault, ~
this note ihall bear intaest at the rsro of 10% per annum i~ lieu of the nte hereinbefore specified.
~ All ~rukers u+d endorsea oow a harealter becoming puties hereto joiotly and severally w~'r~re dem~nd, notioe of no~rpayment u+d
protest, and ~gree that in the eve~t of default i~ the payment of any instsllment due hereunder iw a p~riod of tl~irty (30) d~ys the wMle of 's
said indebtedness sMll thereupon st the opYwn of the holder, bccome immedf~tely dus and pay~bb, and if this note becomes in dei+uh and
is ptaced i~ the h~nds of an ~ttorney for colkction, ro p+y resson~bk attorney's fees and all other cosn includinp cosb ~nd attorneys fees of
Appellaro Court Proaedinys fw making such colledia?. .
This rwM nn~y be prepaid in whok w in p~rt st any time w'ithout peealfy. '
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~ (TI~ no~e i s~cu~d bp • nwrq~ of even date execvted bp tlr ~nak~es in favor oi Comnunify fedad Savinpi ~nd Losn Assn. of R'niera oeach)
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and shall promptly perfwm, comply with, and abide by each and every the stipulations, agreements, conditions, and
mvenants of said promissory note and of this deed, then the estate hereby ueated shall cease and be null and void.
AND the Mor~gagor does hereby covenant a~d agree:
1. io w1i all ~nd w~qulr ~ P~incipd ~wd intrat and otMr swro of a+on~V W1~~ by vvM of said praniswrY not~ and Nin mor~y~o~. er ~idiw, v?~b
on tM dqrs e~p~ctiveh, dr s~wr swwdlr come du~.
io wr NI ~nd s~rgvlr Nro ~aaes. ~ssess.nenn, lev~cs. IuM~~~~es, oblpat~a.s ~nd ~.~cwnbrances oi ~ery nanxe on sa.o oescnbed poperry e~cA snd every
when due and payaDle ~ccwd~nq ~o bw. be(ae +Aey brcome dcl~nq~en~, ae~d i1 ~he sarne sMll ~a be pranprly pa~d ~he M«~ya~ msr a~ ~nr ~~me ei~her befae
of al~er dehe~q,tncr paY ~he same w~~l~ou~ rraiv~nq a affecnnq ~Ae opnon ~o foreclose. w any ripAt Aereunder. and everY paYment w madt yh~ll bear ~nteres~ frwn
fie d+~e Me~eol at Me ra~e pov~ded sa~d pomisswy .w+e.
3. To kNp th~ buildinys ~nd all p~ipment x~d personal proppty eww a hereafter on said pram~ses, covered by this:mortQ~pt, inswsd in • awn N I~~st
pwl ro the unpsed balanc~ of . M~s n+wtysys, includiny fire, flood, eife~ded coverape, v~ndalism. m~IKrovs miscF~ief, and any ether cawrsye reqo~r~d by the
moriqaqw. ~s to prop~rti~s otMr tMn dwtlGnqs, and fire, f{ood, taNnded covera~e. ~pKia4fwm ofMr-perils insw~nce. ~nd any otMr coverapt rp~ired E~r
the mwtp~g~e, on dwellinps eliqibNt for wcfi boadened cover~ - provided. fiowever. that si~ i~nur~nce be ~n ~n amow~~ sufficien~ ro complp with arhr ca
ins~ranq ~~qvir~eernb coverirg sam~ undw the lavrs of the S~a» o( Florida, and provided fwther N~at the pol~q w pol~cies ahall be w~inen in canp~nY or
companies and throuqh an apM+cy satisixtory to th~ Mo.tysgee snd that s~id policy o~ polic;es shall be hdd by ~M Mwty~qee and shall beu • u+nd~rd N~w
Yak MwqaqN Clauu w~thovt contr~buf~on, mak~nq the loss unJer said policies psv+bl~ ro ~he Mortgaye~ aa ih ~nrerest m~y appeu: and ~n rhe evenf ~ny sum
of mo~ey becomtt p~yabl~ under any sucA policy or poliues, the Mort~syee shall h~w the optan to rec~~ve ~nd apply fhe s~me on accaxit of the ind~b~edne~s
hereby secwed, w to permit th~ Mwtqrqor to receive and ~,se it, a~ny pr~t th~reof, for ofhe~ purposes. w~Mo„r thereby wa~v~ng or ~mpa~rinq ~ny equity, lien. ~
w rqAt ~nder ~nd by virtw of M~is mwtyaye: and i~ the evrnt the Mwtpaqw does ~ot comply w~M ehis covenam, ~he M«tppce rnsY Plxe +nd paY iw su~l~ ~
~~sur~nc~, a sny part thereof, wiM~ou~ waivirp or sffecting tM option to faeclose, w wry riyhr Aerewder, snd r1M f~rll xno~nt of euh u~d ewry wch p~ymMt ~
sMll b~ imnediaNly du~ u~d pa~rabM, snd shall bt~r intare~t from tM d~t~ fheraof unr~l p~id n tM def~ult rm provided in s~id rat~ and togNM? with sutle
inier~st sh~ll t» s~cwed by tM liw~ of this morq~ye. Irowsnce coveri~q tM pe?il of flood dam~9t shall b~ as ?equired by the FedMal D~suter Protsctioe Acf
of 1973, w u an»nded, snd morppa tovenants and a~ars ro compy in ~11 r~spacb wiM tM provis~«a thr.~of.
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4. Tha~ mwtqagee may, a~ any f~me du~iny ehe mo.iy~qe term. ~nd in its disuetion, apph fw renewal ef mwtyaqt pwr~nty inwraea~ cwMiiq /M '.~i ~
morry~ye •~ecuted by the u~dersiqned on even d~te her~with, paY the pemivms due by rtawe~ therwf, and reqvir~ reparment bp tM wde:s~9ned of s~+ch ~
smo~mtf as a~e advsRCed by sa~d mortg~yee. M the event of (~il~re by ths u~dersiyned to rcpay said arno~inri 1o Nid mortpape~, suth failtire fMll b~ con- ~
a~ed • d~(~ulr, and all p~ovisions of rhe note and mortyays wirh regs~d to deiwlr sMll be ~ppticsble.
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~ S. • To pwwwt, conrn~t a wNw no w~sN, imp~ir~m or d~Nrion~an o1 uid Prop~rry, a Mry psrt tM~~o/. ~nd upon qw failw~ d ~M w~aty~~er ts kwp IM Om 3
bwldi~ en wid pop~rfy in poed <ondition o1 ~p~i~. N» MatW9» n~M d~nd t!» inrmdaM rw«r d wid buald"wip~, a aw innNw in tM arna~nt ef wturitY. o~
N» im~wd'i~» r~ o} iM d~b~ her~by wcw~d ~nd ~M iNlun of tA~ Ma~W9~ b cawplr wirh s~id d~nd d th~ Ma~q~~e ia •~ried o1 M~'w~l (~0)
dWa, aMtl constcrvt~ a be+ch oi ~Ai~ nar~pp~, and. H dr optaw ol IM Mwty~p~e, in~diat~lr ~ N» Mtir~ ~rne~~l o{ printro~~ a~6 inNnsf lw~b~r
~ ~~c~.nf. ~++d im~ei+.f•h snd w7rhou~ ~afid. 1M Mwty~pN nyr imfiluN potMdinps q ~w~tlos~ fAh ~ortWO~ ~nd pPl/ fO? IM ~ppai~trrv~? 01 ~ Ret~i.~er. ~s
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