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TO HAVE AND TO HOLD the same, toyether with the tenements, hered?tamenta and appurte~ances, unto the
Mo~tgagee, in fee simpls.
AND the Mortyagor doe: hereby covenant with the Mortgagee that he is indefeasibly aeized of said land in fee :imple,
that he has full power a~d lawful ri~ht to tonvey said land in fee simple as aforesaid; that it shall be lawful for the
Mortgagee at all times peaceably and quietly to enter upo~, hold, occupy and enjoy said land; that said land ii ftae ~
from all incumbra~ces; thst he will make such fuhher assurances ro protect the fee simple title to seid land in the j
Mortgagee as may ~easonably be required; that he does hereby fully warro~t the title to said_ Isnd and will defend the
same against the lawful claims of all persons whomsoeve~.
PROVIDEO, ALWAYS, that i~ the Mohga~or shall pay unto tAe Mo~igagee the certain promissory nots of which the
following in words and figums is a nue copy, to-wit:
CQMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATtON OF RIVIERA SEACM
~~x#~~~t ~Q#P .
' RIVIERA 6E/?CH, Ftatia? October 15, ~v 75
l~irg indebt~d, for v~lw receiwd, t!r w+d~nipn~d jointly ~nd ssvsr~lly pron~ w paY tv ~pMM{JNITY FEpERAi SAVING6 AND
i IOAN ASSQCIATION OF RIVIERA 6EACH at itf offip in the Gty of Riviera Beach, Fbrid~, p ord~r, ~n. oF TWEATTY FOUR
! THOUSAND AND NO HUNDREDTHS--------------=---------cou~rts ts 24, 000. 00 ~
w~+~ ;~n.K~ a,..~«, ~..;~.r~.. ,~.t~a a~ ~~hy w+.~~.m. of pNE HU,NDRED 1vINETY SEVEN and
; 32 /100--------oou~s ts 197. 32 n+. ~,~.u~m ~.u ~ dw .~+d ~ tenth
; d.r or March ~v ?6 .nd subsequent ~ns~.umam :t?.n b. au. .na wr.W. oo d+. tenth
~ d~y of eacF~ ar?d svery uknd~r montl~ tMnsha untii tM pincip+l and interest an full~r p~id.
lu~er sums may be p+id at ~ny tirrK, but tM p~yment of ~ny such larger sums addition to tFk payments hertin rpvir~d sMll
; rwr reli~ve tM mak~rs of the p~ymenf of the monthly irorallments herein provided for, unkss it a sp~cific~lly stipul~t~d by th~ mak~rs at the
~~rrK of p~yment that svch luper sums are to be +pplied to th~ +dvanc~ psyment of the monthly irotallmenb ewzt matw'xg in ths ader d
~he'w due dates. AII payments mads upoe~ thK note shall b~ appli~d fint to th~ psyment of ~cvued intersst and s~condly upon th~ princip~l.
~ This obl~parion shsll beu ~nterest from dite ar the r~~e of eight and three-quarter P« ~ e $.'j~j
per ~nnum until tFk printipal ~nd interlst an fi?py paid. .
j Interest for each ukndar month shall be ~cawd on the fint d~y of said month uid be aomputed on the unpaid balanos of p?incipal
j and interest axisting on the last day of the prcceding month. This nofe shall be oo~sidcred in def~ult when ~ny paymtnt rtqvind to be made
~ hcreunder. shall not have been mads by its dus date and shall remain in default until said payment shall have been made. Whik in default,
this note shall bear interest at the rale of 109f per annum in lieu of fhe nte hereinbefore spetified. ~
~ ~ All maken and endusen rww a hereafter becomirg parties hercto jointly and severally wsive demand, notice of narpayment and
, protest, and sgrte thaf in the event of default in the payment of sny installment due hcreunder for a period of thirty (30) days the whok of
7 said irxkbtedne~s shall there~pon at fhe option of the holder, kxcome immediately due and payabk, snd if this note becomes in defauU u+d
( is pl~ced in the hands of sn attorney for coilection, to pay reasonsbk ananey's (ees and all other costs includiny cosb and attorneys fees of
I i Appellate Coort Pr«eedirgs fw making such collection. ;
j ThK noro may be prepa~d in whok or ~n p~rt at any timt vr~thout penalty. DE~LN DEVELOPMENT CO. ~~C.. ~
~ ~ /s/ ArEhur G. Qulriri (.Sr'.AIr~ ~~1'~~~~'~ ~'nn Vice..Prp~titlssntSE~~) ~
i ~ Arthur G. ~2uinn, individually Arthur G. Quinn, Vice-President ~
i ~ ~ r.~_~~ISfI?U s
e i .
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€ ~ /s / Virginia R. Quinn (3EAL) -----------------.~(s~W ~
~ ; Virginia R. Quinn, individually ~
- - ---------_._----~-------------------~s~w
~ i(Thw eat~ is secured by • mortpa~e of even date enecvred by fhe makers 'us frw~ oi Comnwnity fed~ral Savirgi ~nd loan Assn, of Riview 8esch)
~ 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. ~
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~ AND the Morigago~ does hereby covenant and agree:
s
~ 1. To par ~11 and sinpular ~h~ pieci snd im~rat and otMr sums d mon
~ P+~ ey pnrable by vinu~ of said pom~ssory not~ and this morl~yt, a ~itMr, promptly
on tM d~ps rMpKtive~l/, t!r a~nr s~v~?~1lp caM du~. -
S 7 To pay ~It and s~nqvlx ~he ~aaes. assessme~+s. Iev~es. I~~dl~~~es, o~lqanons a~d ~nq,mbances of rvery .,arwe on sa~o aeunbed aopert~r eacA snd everr
` +.~e~ dw a.~d wraEle acc«d.~q ~o I~w. Aefwe tl.~r become dthnq~en~, and ~1 the same ~nall no~ be prpnpfly pa~d ihe Mo.rgagee r.yr at ~ny ~rme ei~htr befwe
~ atier dcl~.q..encr aar ~Ae s+~+~e w~rha„r w~~r~~q w•ftecnnq ~Ae epr~on ro laeclou. a anv r~yM Aere~nder. and everr wY~++a+~ so made shall beH ~nronst from
~ +~e da~e ehereof at Me ,»e p.w~ded ~n sa~d p~wn~stor~ .w~e ~
e
, ps p~~pmeM snd
4 3. To ke~p rhe buildin ~nd atl ' personal wops~h now a herealter on said premiua, cwe~ed by this mor~g~ye,-inswed in • wm at It~st !
r eawl to tM wpaid balantt of this maf9pe, inclvd:ny f~re, flood. eatended covaage. vandalism. maliuous miuhiel. and ~ny other cover~ye rsq~irtd by tM '
~ morlysyee, as ro popertiA other than dwellinys, u~d fin, flaod, eatended coversgs, special-/wm otfier-periis ins~rance, snd ~ny oMer coveraqe rpuired by ~
~ the mwt~yee, on dwellinys eGy~ble such brwd~n~d cwe~~9e - povided, however, that such ~nsurarxe be in an ama.nt suffic~ent ~o comply with ~ny co-
~nsuranc~ req~~r~men?s coverirq same under the laws of rM Srsre of Flwid~, and wov~dsd fwNxr ~hst rhe po~Ky a polic;es shall b~ wri~~en in • comp~ny o~
~ comWn~es +nd M?ouql+ an apcncy aat~s/xtwy to ~h~ Ab.rya9ee and that said Dol:cy w poliues sh~ll be F.eld by rhe Morryayee and sAalt bear • srandsrd Ntw dy ~
~ Yak Morly~ge~ Clavse wirhovf contrib~,fron, makinp the loss u~der s~%d policies pay~ble to rhe Mpryaqee as ifs ~~eer~s~ maY sppeu: ~nd in rhe went ~Mr sum d
~ of mo~ey becomes p~ysbk under any wch polic~ w polic~es. the Mwtyyee shall have the oprion ro receive and appty she same on xcounr of rMe indebadn~ss
~ he~eby secured, or to permit the AAon9agor ro receive and ~x it, a any put th~reof, fw otht~ pwposp. wiMwrr tkereby waiv~r+g o~ impa'n~n9 +~+Y W~~h, lien. ~ ~
~ or ripht ~nder and by v~rtw of this mwtgsqe; and in the ~veM tM Mortypw does ~ot comply with this cwenan?, the Mortgayee mar Dl~ce and p~Y iw suth
~ ~nsur~nce, or any psr~ tMreo/, witFwut waiv~nq w aff~cri~q th~ oprion ro fwectos~, or ~ny ri91,t hereunder, and ~he f~ll ~movnt of exh and every such paym~nt ~
shall be immediaNiy dw snd pay~bl~, snd sMtl btar inrpNt fran rM date thereof ~nt71 p~id ~r rhe def~vk r~te pwided in s~id noM ~nd 1op~ther with sv~fi
1 iMNpf sh~ll De s~cwed by the lien of this morryaqe. Iruw~nc~ coverinq tM peril of flood darruy~ shall b~ ~s rpuired by the federal ~isas~er Prolection Ad
~ of 1973, w n ~msnded, ind rrrorty~yw covenants ~nd ~gr~es to comply in ~II r~specq wfrh the provisioro thereof.
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~ 1. That mortgaqee may, at any t:me durinq tl+~ morlpaQ~ prm, ~nd in its diuretion, ~pply fw renewal ol morfpaq! ywranty insw~nce coveri~q tM ~
~ mo.fqaqe e¦ecuted by the ~nd~rsiq~ed on even date her~wcrh, pay the premi~ms due by reason ~hereof, ~nd rpvJro repay.rwnt by the und~:iiyned - oi wth
~ a~*+o:r.ts as are ad~anced br sad mo.tgapee. In ~M ev~nt oi hilure by the undersiqn~d to repay siid unovnts to said mwtypt~, such failwe shalt be con-
~ .'.F.~ c-:. s o-s oF rh! nO~i sod mptl~pe wiM teyard /o dt/sult sMll be appliuble.
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