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Home My WebLink About0920 TO HAVE AND TO HOt~ the same, togethe? with the tenements, hered~taments and appurtenances, unto tfie Mortgagae, in fee aimpls. ~AND the Mortgagor does hereby cavenant with the Mortgagee that he is indefeasibly seized of said (and in fee simple, that he has full power and lawful right to convey said land in fee simple as aforesaid; that it shall be lawful for the Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free from all incumbronces; that he will make such further ass~rances to protect the fee simple title to said land in the Mortgagee a: may reasonably be requi~ed; that he does hereby fu11y warrant the title to said land and will defend the same against the lawful claims of all persons whomsoever. PROVIDE~, RIWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which ihe following in words a~d figures is s true copy, to-wit: COMMUNITY FEDERAL SAVtNGS AND LOAN ASSOCtAT10N OF RIVIERA bEACH ~Dr#~M~P ~p#P aiv~Ew? eEacH, Ftatro~ December 29, ~v 75 ; b~inp i~debtsd, fw wlw ~cce;ved, tM ~nd~rs~pr?ed 'pintly snd s~verally prom~is w pay to COAIMUNITY fE~ERAI SAVINGS ANO ~ IOR.N ASSOCIATION OF RIVIERA BEACH ~t its offia~ in the City of Rivia~a Beath, Flotid~, a otdtr, ri,..~ ot TWENTY THREE I THOUSAND AND NO HUNDREDTHS------------------------~oow?~s t~3, 000.00 ) w;?h ;~n..,+ ??K.~+ ~s h~reinafter :~.t~d ~~w~++ni,, ~t,u~+,.ms of ONE HUNDRED NINETY THREE AND ; 0 2/ 10 0--------oau?as cs 19 3. 0 2 The fin t instd4nent sh~ll be dw and payab4 on ~he t enth ~ d~y of June, 1976 bseqvent HutallmeMS sh~01 be dw ~nd payabl~ w, tenth and sv ! d~y ~f each and every cakndu month Ihcro+fier uMil tM printipd and interett u~ fvlly p~id. ~ l~rper swns may b~ paid at any time, but the payment of •ny such larger •ums in addition to t!?~ payments hsrein requWee! sh~ll ! not .elieve the mak~rs of tMr p~yment of tl+~ momhly irut~tlments here~n p.ovlded fw, unle:s it is spediic~tly stipul~t~d by tht mak~n at tM i time of pay,ment th~t such Iu4er sums sre to be applied fo the ~dvanc~ payment of the monthly installm~nb n~xt rrHturin9 in th~ order of i the~. due dates. All payments made upon this note shall b~ ipplied fint to tht payrt~ent of uuued interest and secondly vpon the princip+~. ~ This obliyation ~hall be~r ir~terest from date ~t fhe rate of -~ri1I16-- pe? c~nt ( 9. ! ~ per ~nnvm until tht p~incipal ud intereit u~ fully p~ld. ; i Inte?est for each ulendu month sFull be acuvsd on the first day of said month u~d be oomputed on the unpaid bslanct of principal ` snd interest existing a? the lut day of the preceding month. This note shall be considercd in default when sny payment required to be made ; hereunder shall no! have been made by its due date and ahsll mmain in default until ssid payr.xnt shsll have been msde. Whik in defavlt, this note shall bea? interest at the rste of 1096 per annum in lieu of the rate hereinbefwe specifitd. ~ All maken a~d endorsen now w hereafter becaming parties herero joinNy and severally waive demand, ?wtice of non-paymcnt and ~ protest, and +gree thaf in the event of defa~lt in the payment of any installment due hereu~der fo~ a period of thirty (30) days the whok of said indebtedness shall there~pon at the opfion of the holde?, become immediately due and payable, and if this note becomes in default snd ~ is plsced in the hsnds of an attorney for collectan, to pay reasa+abk anwney's fees and +II other costs including costs and ~ttorneys fees of i Appellate Cowt Procetdirgs fw n+aking svch collection. ' ~ This note may be prepsid in whok or in p~rt at any time without penalty. - ~ 8 ~ Li~a A . _~W _________~?u . Llo d A,. Law . ' ; rma . aw ~ hog__ -------~~-------cs~?U ; j avi is o ; I ~ ' ---------c~?~~ - - 1 m~. ~o~ 4:~~a br u ~is oFp . ~ r pape of ~ven date execyred by the make.s in fawr oi Comewniry edsral Saving's ~nd loan Assn. of Riv'~a Bead+) ~ - a ~ and shall promptly pe~form, 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. AND the Mortgagor does hereby covenant and agree: ~ To wr s~+~ d» w~nc+w1 .nd inMest ~nd Wher swro of money pryrable by virtve of s+~d promissory note and this mwty~ye. a~itl+er, prompfly on tM d~ps .e~pativeb, tM s~1ne s~r~raty cwn~ due. t to pay ~1! and s~nq~.lar ~he t~aes, nsnuncnts, lev~es. I~~b.l~t~es. obLqahwn snd ~ncwrb+ances ot ~very narwe on saw oexr~Ded propen~ exA and tvery ~hen due and wra~~e xcad~nq ro ~aw. belwe fAeY be~vne del~nqvc~r, . and ~1 ~he same snall no~ be p`wnp~lr w~d rhe Mor~qagee may ar ~ny ~~me e~~her befwe a~ a(~e. dtt.nq~ency par tAe same w~~Acvt wa~rmq w•Ifecnnq ~he opr~on ~o faecbse, w anr n9A~ Ae~eunder, and eve.y paYrr.em so made shsll bear lnrerest from ~~e da~e eF.«epf st tRt urt proY~ded m s~~d promnsay nore. ~ 3. 7o keep tfx bvildinqs and sll eqviarnenf snd pcrsonal property now a hereaiter on ssid pem~ses, corered by th~s morrqaqe, insured in • svm at Iqst ~ eqwl eo the unpaid bslsnce of tA~s mortgaqe, including f~re, flood, e¦te~d*d coverige, vandalism, mat~c~ous mixh~ef, and any o~her coveraqe req~ired by the mortysgee, as ro properties other s~sn dwellings, and (ire, ftood, eitended cove~sge, special-form ofber-pcril• ~nsorance, and any oMer coversge r~qoired by ~i the mortqaqee, on dwellinys elig~ble fw svch broade~ed coverage - provided, howrser, that s~ch inwrance be ~n an ama:nr suffK~em ro comply with any co- - insvrance reqviremen?s corerirg um~ v~der N~e laws oi the State of Florida. ~nd previded lurther thst the policy u poliues sl+all be writeen s comp~nY w compsnief •nd tMaiyh ~n apency satisfsdwy to tAe Mortyayee and thst said policy a polic;es sAall be I:eld by ~he Mortqaqee and shall besr a sta~dsrd New WQ ~ York Nbr~qaqee Clauu wiM~wt conn:but~on, makiny the loss under uid paic~es paysble to the Moetgagee es ~ts imeres~ may sppear; and i~ the event any ivm ~ oF money become: psyable u~der sny s~ch pal~cY a Doliciea, the Mwtyagee shall have the option to rece~ve a~d apply the same o~ xco~nt of the indebtednes~ ~ ~ hereby secured, or to permit the Mufgaqor to receive snd vse ~f, w sny pxf thereof, fu otF+er purposes, w~tAout thereby waivinq or impair~nq any eq~itY, litn, ~ ~ or ~ight vnder arr! yy v~rt~e oi this mortqaqe; snd in the event the Mutgayw does not comply wiM th~s covenant, M+e Matqaget may plxe and pay ta such ~ ~ insunnce, a sny part thettof, withovt waiv~ng w ~(fKtiny the optior. to fuKl ou, w sny riphr Aereunde~, a.~d the f~ll ~mounr of exh and evtry sucl~ p~yn,enf ~ sMll be immedi~tely dre snd psyable, snd shall bear interes~ from ~ha date thereof until p~~d st tM defsult ~~te provided in ssid noM snd togeMer with such imerpt shall be secwsd by the lien of this morty~ye. Insvru+ce covering tM pe~il of `•lood damaqe shall be ~s repuired by the Feder~l D~ustr Profsttion Act of I973, or as smended, and morpayw covenanh ~nd ayraes ro comply in all respcca weth the p~avisions thereof. ~ r• ~ 4. Tha? mat9aqee mey, at any t~me during the mortqsge ferm, ~nd ~n its diuret+on, app!y (or renewal of mortyaqe gwr~oty insu~~nce coverioq tM ! ~ mo.eq~gs e¦ecuted by rhe undersigned on even date hcrewitF~, pay fh¢ pemwms d~e by reason fhe~eof, snd reqv~~e repsyment by the vi+dr.s~gned oI such ~ ~ ~ amovnrs as are ad.anced by sa~d ~+w+tgagee. tn tFro event of f~~lu~e by the w+den~gned ro repay ssid arnounts to ssid mor?ypee, such (silwe shall be car ~ i s~dercd s defavlt, and aI~ prwii~ons of the ~ore a~d mortgs9e wi~h regard to defsult sh~fl be appGcable. ~ S. To pam7t, corrwn~t a w(f~r no wast~, imp~~rn~m a d~hriornion oi s~id D~~H, p~^r v+<< ard ~pon rM i~ilw~ of M» ~tp~por 1o k~eP Ny A~ildinps on s~id prop~rry ie pood condtien of repair, th~ Monq~pe~ ~y dem~nd tM inwnedi~~~ rep~i. o/ ~aid bvitdinqs, a~n inuq~ in tM arnw+nt of Ncwity, ar th~ inrn~disN rp~re~w+t o/ tlw d~b~ hereby a~cw~d and M» tailur~ of tM Abrtp~por to comptv w~th u~d d~nw~d o1 tM M«tp~pK fo? • pwiod of Miny q0) day~, ahall constiwr~ • bre~ch d Mi~ mwfp~p~. and, H ~M opt~o~ 01 fM MortyapN. i~nened~aqly mN„r~ tM M~i~~ ~nwunt of p:ncipd and in»ra~~ M?~b~r secw~d, ind immel~~nly and withoul nof'K~, tM Mortp~pN mnr imKM~ proc~ed~nq~ to fa~clos~ tAif mwty~p~ ~nd ~p~lp for tM ~ppwn~ment c1 • Rec~~vN. ~f ~.~r~~cilre, prov;dtd. ~ - _ ~ ~ ~ - _ . H , - - =,~;(i:'- . _ . ~.t .