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Home My WebLink About0031 3 ~ A~ ~ ~0~ ~10 /im0~ ~0~0~10[ IN~1~l m0 ~06~OOM11~ ~10[E~i[OOiiri IIQ~ ~QpUl~tl00~ 11l1~0 1~ ~UltQtgEO~ ~ td8 ~Iq~{O. ' AND cbe I?to~a ,~or does heceby oo~n~aac ari;h d,e Mort~ee that he ta irr3efastN~? ~aned.af ssid kod in ke atmple, tLat be b.s 4 fuD pawer u~d Lwfd ~ight as convry ~id land !n Eee ~npM a~ dore:aid: that it shaH be Lwfd fo~ tbs Mortg,~utes at a1l tio~apeace~ib~r aud ~utetb? to enba ~l?c?ld, ai?1 aaid laad: that saW land is iree fro~m aD tncxunbcanoes; thst M~vlll mo~ such furtber t~he d~ ~aid land' a~a~f ~i11~~O0"' ipt~he~lawf~a~im~oE~iUl pe~~~O~' ~t be aoe. 6eruby f~stlp Ms~raat PROVIDED. ALWAYS, tLat iE tlie Maigaga ~heU paq unbo the Mo:tgagee the oectaia proo~is~ory aote oE rvhkh tbe idlo~wio= in wo~d~ end ~N~ it a t~us cupy, bo~witt: DOMMUNITX FEDERAI: 3AVII~TGS AND LOAN AS.SOG'IA,TION dF RMERA BEACH ~II~~~~~8 ~D#p ~ iuvisn~ s~c~, ~t.o~n~ ~ebruaacy 17 19 .76 Be~g indeb~ed, for value.reoeived, tbe underd~red iaintb~ ancl sev~e~allY i+~ m D~r eo OOMI~tUN1ZY FEDBRAI. SAV- INCS AND LOAN ASSOCIATION OF AIMiBRA B$ACH at ~t o~iCC in the Qty oE Rivbra Besch. I~lorida, af ~xiR~r-~ris ~ousGar~ six HuNnxxs~ ~?rm r~ xvrro~Txs I~,~ ~1°; ~ co~etL~r wit~ i~,ter~t tLeteon ss her~foar scatoa in mon~? iastauu~r,a of 1WQ .HUNDRBDLF'Il~'~-NINB AI~iD~ $IC~fiTY-ONB HUNDRBDI~IS no~ns 259.8 976 "17~e fi~st in~tallu~eut sbaU be due and ~ t~aya~b on ~ 10 th aa,~ ~ March - . aa~1. s~bseqaeoc ins~mts sh+?u be ano ana p.rable a; the 10 th a.r oE ead, anct w~y ~adar month thereafter uatll tbe princ3pal end inte~est are ful~y paid. er su~ may bo paid at tlme. bnt thepay~at of any sucL larger sami in additioa b~ t6a paymeab herein ro- quired ~ not telicv~e the makeis of~ ga ~a~eat of t1~ mc~thly instaqments 6erein p:ovided fa~, unleu it_ ts specific~IIy ttipu- lated by the maters at the tima ofpa ymeat ~t s~x:h lar~er s~mns are to be applied to the advanoe payment of tbe ma~t6ty instrII- ' meats next mahuig in tLe order of their due dates. A~ pa~yments madc upon t6is nde shall be applied $rst to the piymeat cf accrued in~ anci ~ly upoa the pr~ncipal. This obli~ation shaII bear interest from date at the rate of e~$~1t bt 3~~M~••~~•• p~ ceat ( 8~75 96) per annwn ~mtil the principal and inte~est are fully paid. inte~est for each calendar awnth s6a11 be Aecrued on the first ~lay af said ma~th and be computod m tbe unpaid balance - , of principal and interest ~g on tlw last day of tha proceding maath. T~is note s6all be oomidered in defadt wMi suypay ment required to be made herawder shaIl not have been made by its dne date and sL~ll nmain in defanlt u~tl ~aid payme,ai sh~? }~ave been n~ade. Whiie in defauh, this nobe :haII beu int~erest at tLe rate of -tell- pe~ cmt ( 10 96 ) per annnm i~, jiea oE the raEe herreinbefore spedfi«l. ~ - All makers and eodasers naw or hereafter ~ puties he~eto jaatly and severally waive demand, notioe aE non- p-ayu~eot and protrst, and a~ree that in tbe event of defa t in t}xpa yment d any inatallmeat doe hereuuider for a period of ' thlrtY ( 30? days the -whole_ of stid indebtedneas s6a11 tbere~pan at the option of the hoadier, beoome immediately due and pay able, and if tbis note bec~e.s in defanh and is plaoed in the hauds of an attorney for ooDectiao, to pay rasooabk attomey's fees ar+d all other oosts ra~in8 oosts and attaaYs fees d AgpeDate Court Proceedin~ far malring s~ch oollectian. ~ ~ Thit note may be prepaid in wbole or in plut at Any time witlwut penalty. - - . _ _ __~s~r.~ _..__~~~rd A. Mor~t~nat _ _ ~s~L~ - /s/ Mssy K. Mo~tamat ~ - - - csEAI.) ts~) ~ - - - ~ ( This note is secv,rd 6y a mortgage of even date executed by the make~s in favor af Coimm~nity Federal Savings and Loan Assn. ~ of Rn•iera Aeach ) ( ~ ~ _ I ~ and shail pranpt~r p.'Z.form, canPiY wit6, and abide by each ancl e~ery ibe stipualations, ts, oonditior?s, and em~enants of said prom- is~y nobe and oE thi: deed, t~eu the estite heteby created shali c~ease and be nn11 aad~ AND the Modgagor does bereby cov~eoant aad ~g~es: ' { 1. To pay atl and sing~lar t6e principW and interest and otber af money PaYabk by virtue of said pmmissory nots aad this zr.~t ~ 4 rage, or either~ PmmPtly on the daYs ~~1Y. the same teverallr come dne. ~ 2. To pay all and singular the t~es, a~ssme~ots, kvies, liabvities, obligations and eacambranoes of every. natnre on said descaribed prop- erty each and every wLen doe a~ul paYsble aocordina to law, beforeth~ becasne detinqueat, and if the same shaU not be P~P~Y P~ the Mortgagee may at any time either before or after delinquency pay the same witlwnt vraiving or affec.ting the optiat to foreclaie, or ~ any right hereander, ancl eve*Y PaYment ~o macie snall ~,ear interest Erom the date thtrea~E 4t the rabe provided 'm snid promiswry note. ~ E 3. To keep tbe buildings aad all m aad personsl propert~ naw or Lereafter on said piemises, ooveced by this mortga~e, u,sured ~ in a sum at least eqnal to tbe unpaid 6a~of this mortga8e. incl g fire flood, exter,ded ooverage varxlalism, maticia~s mischief, and ' any aher ooverage nired by rhe mortgagee, as co propeities other c~an dwelfin~, amd hre, tbod, ezcen~od ooyerase, sPecial-form aher-perils an ; insurance, and aay - oovecage required by the mortagee, on dw~}ings elipble for such b~ oovera~e - Provided, lruweve~, that ; suc~h irauranoe be in an amcunt su~fiicient to ooimp with any co-insurance reqmremenlx covaring same nnder'the laws cf the State of Fbrida, ; and provided further that ing poticy or pdicies ~ be written in aconnp~~ or eampania aad throug6 an ageoey satiafactory tQ the Macr- ~ ~agee and that said p~icy or policies s6aII be held by the Mcctgagee and a6all bear a staadar~ Nev? York Martg~ee Qan~ve withaat emtriba . : tion, nw1ri~g the 1os~ under sAid policies p.. le M the M ee aa its interat may appear; and in the event a~r svm af u~ becames P' ~ payable under a~ry such policy or poliaies, Mortg,agee sh ve the aption to reoeire and apply the samR on ~oount af ~e indebtedness # hereby se~cured, or tn peRnit the Moctgagor to reoeive and use it, or any part thereaf, for othe~ purposes, evit6o~ut thereby waiving or i~npair- ~o ; 'p8 ~ri' e4~tY. '1~ea, ur right u~0der and by virtne of this ma~tSaK~; and in the event the Mortgagor does not comgly with d~s co~~enant, the w:, ~ 1liortgat9~e mayp sod pay for wch ins~uance. or any Part thereof, without vraiving ar affec ' tLe uptioa to f~reclase, or eny ri~t herc- wce rec ase under, and the fall amatmt of eas~ aad every such payrnent shall be immPdiatdy due and PaYs , and shaII bear interest fr~ the date ~ ~ thereof imfiil paid at the default rate provided in said note and toget}?er vrith such interest sdall be sec~uAd by tba L'en of tbisu~ortgaga Insur- ~ ~ ance oovering~ the per~ of flood damag~e sLall be as required by the Feaerai Disatter Probection Act of 1873, or as amended, ancl nmrtga8or ~ oovenant~ and agrees to o~ply in aLl res~ecta with tbe provisious~theneof. ~ 4. 'Ibat mortgag~ may, at soy time duriag tbe mort~age tam, and in its discretion, apply for zeaevval of mortga$e S~*~tY 1 E omrering the mort ge psecuted by the nn3errigned on evm date herevvith,~a y the premi?un due~y rr.ax,~ thereof. and n9~ ~Y~ ! ~ bY tbe u~idersi~o# such ar~n b as are advsnced bY said moitBa~ee• Ip the event of fiil~ue bY tbe undersi~ed torepaY said aaaunts to ~ said mortgagee, such failnre shaII be considered a default, and a11 provisioiu af the note and IIruttAakc with regud to d~anit s~alt be agQ}i~- ~ abk. - ~ 5. To pem~it, oo~nmit or suffer no waste, impairm~t ~ deterio~atio~ of said propeitY. or anY Part thereof. and upon the fsiluire oE the P mottgagor to keep the bui~in~ on said property in good c~i~a of mpair the Mortga may demand the immediate ~pair of said build- ~ ings, or an i~avs b the anwant of security, or the immediate ent of t~e debt here~y saa~red and the faiture of the MartRagor to com- Ply with aaW ~ of the Mo~gagee for a pedod of thirty (30~c~ys, ~hall oonstitute a breach oE this uwrtga ~e. and, at tbe option of it~: ~ Mort~ee, imrnediately mature the entirr, amoant of principa2 and icterest 6ereby securod, and immedfately and vvithant notfoe, the I~todgagee ~ may irutitute grocealinKa to fareciae~ this mortgags aad app}y fo~ the appointm?.nt of . F.;caver, ~ hereinaEter pro~vided. ~ § ~ ~ a-- . x,:~ ~ - ~ - - - ~ F:.~ _